Will 3rd term gains continue despite year end risks
AP Business Analyst John Cunniff weighs whether the strong third quarter GNP gains can extend into the final quarter. He notes Wall Street optimism, payroll growth near record levels, rising profits, and stronger consumer spending raising hopes for continued momentum, yet warns of potential headwinds.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Wall Street
Economy Surges Ahead Yet Consumers Remain Cautious
The third quarter shows a strong 11.2 percent annual GNP rise, with continued but slower momentum expected into the final quarter. Yet surveys indicate most Americans feel no improvement, delaying spending and investment while businesses and consumers await tangible proof of a broad, sustained recovery.
MENTIONED IN THIS ARTICLE
Washington
American Exchange Noon Prices Report
The American Stock Exchange noon prices show mixed readings across listed companies. Notable entries include Aegis Corp trading around 5.20, AmPetrol near 2.6, and Asamera at 0.25 with varied highs and lows, while others like BradRa and BrasenAlb show fractional quotes and modest gains.
MENTIONED IN THIS ARTICLE
New York
American Stock Exchange
Chg
Aegis Corp
AmPetrol
Asamera
Bansir
BradRa
BrasenAlb
Brewerc
Commodity Closings From Madda Trading Company Summary
London gold 142.75 up 0.25 oz MM Dec gold 143.30 up 0.40 oz ac silver 24.15 up 2.45c oz Jan platinum 144.60 down 0.80 oz Dec copper 55.9 down 1c Ib Dec wheat 3.7434 down 11.7c bushel Dec corn 2.734 down 4c bushel Nov soybeans 4.7834 down 12.34c bushel Dec live cattle 43.05 unchanged Dec live hogs 50.48 down 0.62 cw Feb pork bellies 80.72 down 2.00 cw Dec fresh eggs 0.5995 up 0.45c doz May Maine potatoes 10.98 down 0.21 cwt Jan plywood 134.00 up 1.20 thous sq W Dec cotton 1.37 down 0.7c Ib Mar sugar 14.32 up 0.0c Ib. Market not closed.
MENTIONED IN THIS ARTICLE
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Armour Research Center financed by Arizona State Retirement System
Arizona State Retirement System funds invested in Scottsdale to finance the Armour Research Center at Thunderbird Industrial Air Park. The 170000 square foot lab on 18.75 acres supports Armour Food Company and Armour Dail research, with about 300 employees. The deal teams include The Greyhound Corporation, Valley National Bank, and Kitchell Contractors.
MENTIONED IN THIS ARTICLE
Arizona State Retirement System
Scottsdale
Armour Research Center
Thunderbird
Greyhound Corporation
Thomas F. McFarland
Trust
Valley National Bank
Retirement System
Arizona State Retirement System Fund
Arizona
Chicago
Armour Headquarters
B.M. Gonzales
Kitchell Contractors, Inc
New cause seen for U S recovery
Copley News Service reports Newton Zinder of EF Hutton believes the economy shows renewed momentum with improving auto and retail sales. Merrill Lynch analysts advise caution and favor basic industry and energy shares, citing a long term shift in leadership and utilities upgrades.
MENTIONED IN THIS ARTICLE
Copley
Newton Zinder
EF. Hutton
Merrill Lynch
Pierce, Fenner & Smith
R.T McCabe
Suez opens lifeline for U S food exports to Middle East
Agriculture official says Suez Canal reopening boosts U S farm shipments to Iran, Iraq, Kuwait, Saudi Arabia and other Gulf markets. Rice gains cited as example with long grain prices undercutting Pakistan basmati. Wheat flour and processed foods also expected to rise in 1974 75 and beyond.
MENTIONED IN THIS ARTICLE
Washington
Suez Canal
U.S
Arabian Peninsula
Agriculture Department
John B. Parker
Department
Economic Research Service
Canada
Parker
Mideast
Asia
USDA
Foreign Agricultural Service
Suez
Pakistan
Thailand
Saudi Arabia
Iran
Iraq
Kuwait
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