Merrill Lynch sees neutral to down market on Carter outlook
The brokerage group cautions a neutral to down market unless Carter stimulus accelerates inflation or narrows the output gap. If inflation rises, stocks may lag and cash equivalents rise in importance. if growth meets inflation targets, a fully invested stance with capital goods is favored. Other analysts expect a slow base-building phase with continued nerviness and further shakeouts.
MENTIONED IN THIS ARTICLE
Helen L. Call
Copley News Service
Carter
Merrill Lynch
Pierce, Fenner & Smith
Richard Hoffman
Steven Resnick
Richard Russell
Dow Theory Letters
Market Outlook Says Dow Below 1000 For Year End
Eugene Peroni of Paine Webber Jackson Curtis warns the Dow likely won’t rise above 1000 before year-end in a New York interview. He favors selective stocks like Bally and Standard Oil of Indiana, and notes growth potential in Atlantic City gambling. Goldman Sachs analyst David Jarrett highlights Pittway and Shappell Industries as strong future picks with solid balance sheets and leadership.
MENTIONED IN THIS ARTICLE
Eugene Peroni
Peroni
Paine Webber Jackson& Curtis
New York
Bally
Atlantic City
Standard Oil
Indiana
Utah International
General Electric
David Jarrett
Goldman Sachs
Pittway
Jarrett
Shappell Industries
Loeb, Rhoades opens Scottsdale office at Hilton
The investment bank Loeb Rhoades & Co opens a new Scottsdale branch at the Scottsdale Hilton 6333 N Scottsdale Rd to meet Arizona growth. The office houses three account executives with about 30 years of combined experience Richard E Coutchie George Tingom and O R Braun lead the staff and bring diverse finance backgrounds.
MENTIONED IN THIS ARTICLE
Loeb, Rhoades & Co
Scottsdale Hilton
N. Scottsdale Rd
Loeb
Richard E
Dick” Coutchie
Loeb, Rhoades
Phelps Dodge
University of Arizona
Paul Steere Burgess
Uofa
George Tingom
Long Beach State College
Tingom
Phoenix
O. R
Dick” Braun
Arizona
Midwest
Scottsdale
UofA publication views state's energy future in Arizona Review
In the November Arizona Review, Dr. Clark A. Hawkins outlines Arizona's energy gap with three quarters of supply imported and gas scarcity predicted in the next decade. Dr. Helmut J. Frank urges policies prioritizing economically viable local resources to match external price levels.
MENTIONED IN THIS ARTICLE
Uofa
Helmut J. Frank
New York Stock Exchange Quotation Highlights Tuesday Moves
The afternoon stock page shows Dow Jones averages and closing bids across major sectors and specific stocks. Traders note notable gains for IBM, Coca Cola, and General Electric while several industrials and energy firms show mixed results amid broad market activity in New York.
Commodity Closings From Madda Trading Company Market
London gold at 130.00 up 0.50. IMM Dec gold 131.30 up 1.10. Dec silver 4.257/10 down 0.5. Jan platinum 156.10 down 0.80. Copper 56.8c down 0.3. Dec wheat 2.545 and 2.5 up. Dec corn 2.4034 up 1.4. Jan soybeans 6.745 up 0.22. Soybean meal 191.70 up 1.50. Soybean oil 20.93 down 0.15. Dec live cattle 42.12 up 0.82. Dec live hogs 34.27 up 0.50. Feb pork bellies 44.75 up 0.25. Dec fresh eggs 71.95 down 0.75. Jan plywood 189.00 up 4.00. Dec cotton 78.05. Mar sugar 0.51. Market not closed.
MENTIONED IN THIS ARTICLE
BuriNo
Andy Jenne
Ian Wai Cpc
TePcld
Anar Cmprl
Bn Lorem
IBM
IntHary
RestvOll
riftOg
NEW York
Dow Jones
Carrep
Imeming
Reviow
Reynin
Castick
ReyMet
Timlin
APH Ie
Indus
Todd Snley
Elcorp
Aniern Ar CesnAir
RyderSys
Jewelc
Tal Chasem
Johnson Jn
uoPa
Chipneyt
Tor Ees
Ae A. Stock Exchange
Chris Craft
Chrysler
Neers
Citicorp
Sambos
Unelee Lae Ee
KaisrAl
Ve Sanders WS
Ic Bdan Tae
Clarke
Kangel
Civemn
Kanplt
Ye SanFeint
Ape Oe Eeae
Sees Amp Inc
CloroxCo
Katy Ind
Schergp
AbbtLab
CocaCol
Kellogg
ColgPal
ColGas
KerrMc
Levite Furn
SouthCo
Wachova
AMBAC
We . WasWat
SouRy
WnAirk
Sperryr
Union
Squibb
Westaa É Ae Ae
StBrand
Curtis Wr
StOllind
Whirlpol
Lukenst
Ioh
Brite More
Ae Am Motors
Ve Dartind
Lykescp
StautCh
Whiting
Ou Anatr
I SterDrug
Wy Whittaker
Ae AmStad
Ve Deere
Ye Macke
StuWor
WinnDx
Winnebago
Ampex Corp
Dennys
Systron
SM Osm
Wolwth
Ya Ahacond
DetEdis
MAPCO
Ak Atk
Sov Ancrh
Ye Marathno
Trwin
Xeroxch
Pace Coer Z Ing
DiamSh
MarMid
TampEl
Ie ZaleCorp
ArchDan He Dillon
Martha
Tektronx
Asarco
McOnid
Dow Ch
McDond
Asddrg
Mp Dresser
E— Ye McGrwh
Anirich
duPont
MeadCp
Atlas Corp
Dukep
Metville
Avco Corp
Va Merck
YORK
Miligo Elect
Howollm
Eaton
Husky
Baltge
Ve Echlin
Mohasco
Beckmn
Beecha
Beker
BellHow
Austral OW Kinark Crp
Bendix
Exxon
Auimat Rad
LafyRad
BeldorEl
LeeEntr
Bengt P .O
Ise Fmc
Nlind
BaldorEl
Lincoln Am
Nabisco
E NatAirl
Boeing
BolseCas
Me Borden
Filtrey Cp
Bucyered
Champ Hom
NorCdn Otis
BuddCo
Natoma
Ozarka
Ja— VW Bulova
NevPw
Palicorp
Bank Ramo
Condit Gas
Formck
Consyne Cp
Norfwin
Presley
Eptcrye
Ogie Risdonm
Wind A
Norngs
We Darison Oi
Tm Obintech
New York Stock Exchange
WN Vanh
GAFC
Ye Northrp
Gamsk
Shnandh Oi
Gannett
Gen Dynamo
Norton
EarthRes
Syntex
Inci- GenEl
WorSim
Uded
Falcons
Vn Terrac
Eal
GenMills
Weis VA Frontier
Oklang
Gdie
M— Ye Olinco
Usfiltr
Charter Co
Gtire
Vernifron
Zapata Co Pt
Genesco Inc
Associated Press
Zapata Cp
GaPacif
Arizona
Unitel
Marthe
Geakie AlidCh
ContiCo
LearSieg
Smithkinne
Vendo Co
AllisChal
Craig
Kni Ridta
Sears
US Steel
Aircoine
Ise
Ve ContAir Lin
Ye Ltv" Corp
Singer Co
AlldSir
CntiGrp
Vetco We
Ys MorNor
Iziat
Amic Corp
Ose
Atlascm
Kewanee
Chloe Gillette
Koppers
heliOll
UnTech
AligLud
Kroger
Lenval
Vaepw
Acyan
Crown Cork
Lagist
Intl Banknot
Esmark
LFE Corp
Grace
American Stock Exchange Gramm
PepsiCo
Gistut
Pfizer
PhilaEl
Harrishf
PhilMorr
Harris
PhiltPet
Harteck
Pitney B
Hig Inc
Hoernw
Psvcol
KitMfg Co
HoffEle
PSVEG
Pubickr Ind
Pyebio
UN Invest
QuakQat
London
IMM
Stock market declines as Dow dips to 948.47
New York AP report shows the Dow Jones average at 948.47 at 2 p.m., down 1.58 points from Monday amid light trading and a 7-5 edge of declining issues on the NYSE. Investors faced uncertainty about economic growth and policy.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Also Mentioned on This Page
Scottsdale (Az
Daily Progress
American Exchange
Quantity Limited
Tdeo
AME
Madda Trading Company, Inc
Chicago Mercantile Exchange
O Property Management
North American Coin & Currency Ltd
Safari Hotel — Convention Center
Scottsdale Road
Scottsdale, Arizona
Hughes-Calihan Corporation
16Th ST
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