Burns vows cooperation with Carter on economy
Fed chairman Arthur Burns told the Senate Banking Committee he will work with the Carter administration and the new Congress but warned against rapid stimulus. He urged inflation containment and cautioned that traditional easing tools could backfire, noting 6.5 percent money growth targets do not mean tighter policy.
MENTIONED IN THIS ARTICLE
Washington
Arthur Burns
Carter
Congress
Federal Reserve Board
Burns
Senate Banking Committee
Jimmy Carter
Fed
Sen
William Proxmire
D-Wis
Proxmire
Harris Trust Opens Phoenix Trust Office
Harris Trust and Savings Bank of Chicago opens a trust department office at 6710 E. Camelback Rd in the Phoenix area. The new local service and trust development center aims to serve Southwest customers with regional contacts. Robert Turpin notes market growth and localized access, with staff including Turpin, George Fischer, Bruce Frobes, and Martha Russell.
MENTIONED IN THIS ARTICLE
Harris Trust and Savings Bank of Chicago
Trust Department
E. Camelback Rd
Harris Trust
Arizona
Phoenix
Robert Turpin
Southwest
Turpin
George Fischer
Bruce Frobes
Martha Russell
Market slips as economy worries blunt rally
The Dow dropped to 925.70 by 2 p.m. after a 5.73 decline as volume reached 10.60 million shares on the NYSE. Analysts cite auto plant closings and steel layoffs along with weak retail sales as factors dampening the technical bounce. GM, Ford, Chrysler, and AM General shares fell. overall indexes on NYSE and AMEX declined.
MENTIONED IN THIS ARTICLE
New York
General Motors
Ford Motor
Chrysler
American Motors
NYSE
NYSE Stocks Lead Winners And Losers On Friday
The AP reports Friday’s list of American Stock Exchange movers by percentage change with no trades below $2. Ups include Noel Indust 3, Trans Lux 2a, Vesely Co 2%, System Eng 5%, OWG Corp 34% among others. Downs feature Shuimatr E 2-WW Off, Logistic In-2% Off, OBA Inc Ju- Off, SCE 4.78pt Off, Wang Labs 12% Off.
MENTIONED IN THIS ARTICLE
UPS and Downs New York
American Stock Exchange
Ups
Chg Pet
Noel Indust
Trans Lux
Vesely Co
System Eng
OWG Corp
Cig Pet
Shuimatr
OBA Inc
Wwe
Wang Labs
Commodity Closings From Today’s Market Report
London gold price at 135.50 dollars per ounce up 1.75. Dec gold 137.00 up 1.20. Dec silver 4.53. Platinum 160.30 up .80. Dec copper 59.3 cents up .4. Dec wheat 2.57 up . tac. Dec corn 2.334 down .242. Nov soybeans 6.4924 up .03. Dec soybean meal 22.28. Dec soybean oil 179.3 cents. Dec live cattle 40.75 down .37. Dec live hogs 33.40 up .45. Feb pork bellies 49.62 up .57. Dec fresh eggs 69.15 cents up .4. Nov plywood 183.40 up .40. Dec cotton 81.15 cents. Mar sugar 8.65. Market not closed.
MENTIONED IN THIS ARTICLE
Armco
Ae NorfWin
Nm Singer Ca
Asarco
Genhost Norris
Bene Viven
Wa— Ashioil
E GenMills
Noaphi
AtRich
SouthCo
Atlas Corp
SouPac
Genesco Inc
Norton
Sperry R
Gerber
NorSim
BabckWit
stonOh
Oktang
StaufCh
Grace
SterDrug
Beker A
GrAtiPac
Ted
Omar
Stevens
BellHow
OutMar
StuWor
Bendix
OwensCng
Va SunCo
BenfilCo
GrGiant
Owenlit
Bengt
Grumm
TampEl Tektronx
Va Boeing
GulfOil
Va PacPetil
Teledn
Ae Borden Boise Cas
Gustut
PacPw
Teleprmpt
Pactt
Telex Cp
PanAm Air
Harris
Texaco
Va Brunswk
Harteck
TexEst
Bucyer
Penney
Hercules
Bulova
Pennzol
Bank Ramo
Pepsico
Hoern
BuriNo
Hollys
PhilMorr
Timlin
Homestic Ts
PhillPet
A Todd Shipyd
Ces
O Honywil
Icinds
PSVEG
Umcing
CaroPw
Idahop
UOP
CarrCp
idealBa
RCA
Serre
RalstonPa
Chris Craft
Rancom
Chrysler
Eo Rapim
Mh Citicorp
Ifek Corp
Raythn
UniTel
Va IteiCorp
ReadBat
A Upjohn
Varian
CloroxCo
JonnsonJn
Revion N
Ada— Va Vends
CocaCol
JonLogn
Reynin
Vetco “Oe
Va ColgPal
Jostens BO
ReyMet
Va Vaepw
ColGas
JoyMfg
Ava
Rockwlint
CombEng
Rohr Ind
Wachova
Comwe
KalsrAl
Kellogg
Scmcp
Wi Va Wunion
ConsuPow
Ve Kennet
Va Safewa
Ve Westge
Ao Va ContAir Lin
KerrMc
Whittaker
Kroger
WillmsCos
WinnDx
Vo CoxBdd
Va Ltv Corp
ScottPap
ZateCorp
Dartind
Associated Press
Dayco
DeltaAir
Dennys
New York
Dillon
Macmill
Hycel Inc
Dow
Macy
Aegis Cor
Dresser
Alleghy Air
MAPCO
Wat Va Amic Corp
Instrum Sys
duPont
Dukep
ArminCp
Banknot Sper
MarMid Marathno
Ve Asamera
Interway Cp
MartMa
Austral Oijl
Va BatdorEl
Eaton EasKd
Banistred
LafyRad
Echlin
McDaid
Bellind
Lincoln Am
ElPaso
McDond
LoewThewt
Aee McGrwd
Wat A BowVall Berg Sams
McCulo
EltraCp
MeadCorp
Megolint
Emer
Melville
MillerWo
Merck
Mitchie
Erica Corp
Mat Evans
Caressa
Exxon
Nytimes
Mercedies
Circlek Az
Nolex Cp
Falrind FairCam
Monson
WMI
Coachma
Va Ozarka
Coleman
PallCorp
Fednmi
MonPw
ConOll Gas
WiMs PertecCmp
MorNor
Consyne Cp al
Feddst
Cookind
Plantrnc
Motorola
MtStTel
Crutch
Presley Cos
Risdonm
Va Nabisco
FdFair
Va Shnandh Oil
Fordm
ElcorCp
Syntex
Va Falcons
Nwws
Tenna Corp
Frontier Air
Gianivel
Usfilte
Vernitron
Va GtBasin Pet
WTC Inc
Ve GamSk
NevPw
e+ Harma
Westats Pti
Va Gannett
Nengel
Ys Hartz M
The
London
Also Mentioned on This Page
Scottsdale (Az
Daily Progress
Tumacacori
Asxing
San Xavier Realty and Trust Company Realtors
Broadway
Tucson
New York Stock Exchange
Dow Jones
NEW York (Ap
Indus
Trans
Utilities
Newark Stock Exchange
Va Ambac
Ahess
Abrads
Ameipw
Wa Am Motors
Anatr
Wa— Ma AmStnd
Amt&t
AMP Inc
Ampex Corp
Wa Andrh
Apeco Corp
PS and Downs
LFE Corp
Chasemtr
Caesar Worl
Teledyne
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
Mexico
American Exchange
Boardsley Real Estate Broker
Services & Investments
Sacramento Valley
Kingman
Fedle Sereno
Pueblo Sereno
Mediterranean
Viking
Elkhart
Golden West Lancer
N. Country Club Dr
Mesa, Ariz
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