Economy gains automatic inflation coolant forces
The U S economy is developing an automatic deflationary switch that activates when inflation rises, cooling markets as demand softens and rates rise. Wall Street economist Henry Kaufman cites six forces including new conservatism, better liquidity, and anti inflation policy as reasons the expansion could extend beyond 1978.
MENTIONED IN THIS ARTICLE
Donald C.bauder
Copley News Service
U.S
Federal Reserve
Henry Kaufman
Wall Street
Salomon Bros
Kaufman
Inflation fears fade as U S economy steadies say Kaufman
Former New York Fed economist Kaufman credits the Fed’s anti inflation stance and fiscal conservatism with cooling inflation pressures. He argues structural rate forces and global currency dynamics keep the United States on a steady recovery path despite political shifts and ongoing fiscal debates.
MENTIONED IN THIS ARTICLE
Kaufman
New York Fed
Federal Reserve
Washington, D.C
United States
New York Stock Exchange 2 p.m Quotations Summary
The reader sees a sprawling list of 2 p.m. stock quotations from the New York Stock Exchange, with Dow Jones averages and a wide array of company names, prices, and percentage changes. The data includes numerous firms across industries, revealing market movement and relative gains or losses in a dense, numeric snapshot.
Stock Prices Hold Steady In Quiet Wall Street Session
New York markets drifted near Thursday close as the Dow inched down to 986.37 at 2 pm, with a slim gain for some NYSE issues. Volume reached 12.87 million shares, while Goodyear rose to 23 and a 164,500 share block traded. The NYSE composite stood at 55.72 and the AMEX market value index fell 0.22 to 102.63.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock Exchange
Goodyear
NYSE
American Stock Exchange
Commodity Closings From London to Maine Markets
London gold rises to 116.00 and IMAM Sept. gold at 116.50 as copper slips to 68.3 cents per pound. Sept. wheat sits at 3.20 1/4, corn at 2.973 per bushel, soybeans at 7.284, live cattle 40.60, live hogs 37.97, pork bellies 57.32, fresh eggs 62.45 cents a dozen, Maine potatoes 7.51 per cwt, plywood 166.00, cotton 77.6 cents per pound, sugar 8.45 cents per pound, with several prices up or down on the session.
MENTIONED IN THIS ARTICLE
Unocal
SIW
Colanse
Regin
Upaccp
Censow
Lota
Itek Corp
ReynMet
MelCorp
Tame
Rockwint
Ryder Sys
Bae Swaahr
New York
Dow Sirvsier Ise
Satewysi
Citicorp
UniTet
Indus
Proxco
Sandrs Asso
Vuie
CocaCol
Uul
ColgPel
Kennet
Schergel
Ve Vetco
Wi— Ie
KerrMc
Koppers
Warners
A Stock Exchange
Sands
Craftco
Sears
Kresges
SheliOll
Sherww
Ae Gree
LTV Corp
Sue Sim
Levitz Furn
Anu ArrProd
Ase
Bet Ve Southco
Isie
Va Whittal
Aircomnc
Seid Winn
Bngistt
Squibb
KeroxCp
Curtigwr
ZaleCorp
Twe Associates Press
The
Associated Press
Amax
StaufChm
Macmill
Ahess
Deere
Stevens
Airlin
DeltaAir
MAPCO
SunCo
Denys
Systron Don
AmCan
CetEdis
MarMid
Martha
Uwla
Trwin
Asarco
MonPw
AfiRich
Evans Prod
MorNor
Todd Shipyd
Atlas Corp
Eton
Motorola
Transw Air
Ye Aveo Corp
MiFuel
Transam
Avnetine
DY MiStTel
TwenCen
Fairind
VW Ncrcp
UU BabckWil
Fedders Cp
St Sin Os Nlind
Ualinc
Bethstl
Natoma
Coe
Coonesco
CBS
nnMan
Ge Ameipww
DillonCo
Maydsir
TampEll
Disney
Tekkonx
Dresser Bon
Ve McGrah
AmStand
duPont
MeadCorp
Tennco
Alos Ua
Amt&t
Millgo Elect
Apeco Corp
Eaton
Echlin
Minnpl
Armco
ElPaso
Mobil
Ubisess Monsen
Nabisco
Uvind
Nat
Dynamo
BucyEr
NwiBne
T- GnMo
Citfin
Te Corber
Olnee
Ai Cal Finani
GertyOll
Omark
Se Lim NM
Cmprl
Gillette
Ye GuiMar
Rer Global
Owensong
Owenit
Carrell. Me
Ge Oe
PacGas
Giwnfin
PacPetr
GrGient
PacPw
Pactt
GulfWsin
Panep
GifWind
Patrkp
Hallibeth
Harnisht
Harteck
PhHaEl
Hecla M
Hercules
Phill Pet
Pitneyb
Perige
Psocol
Ie Hongwil
Pubickr Ind
Quaksto
INCO
RCA
Ralston Pu
Rancom
Texaco
EastAir Lin
Gia
Earlin
MOU
Dove Sm
Thiokol
Abs Ae Vas
ArmatCk
EmerEl
Ye Mohasco
Bauschl
Bulova
NwstAlri
A Bank Ramee Te Ae
Norton
GulfOll
Penney
idealBa
Questor .Oh
RepSii
Interiak
Rapid Am
Reytheon
London
Imam
Maine
Wall Street Stocks Mixed Amid Trading With Trades Declining
A jumble of stock figures from the American Exchange shows mixed noon trading with several names such as LTVcorp, WN, and Dynacin listed at varying gains and losses. The AP report notes fluctuating prices, with many entries displayed as percentages, and a copyright note from 1976.
Economic Split: Upper and Lower Incomes Diverge in Recession
The Business Mirror reports a deep recession persists for many families, with lower-income groups under pressure from inflation and unemployment while upper-income households show renewed confidence. University of Michigan researchers note a widening gap as surveys reveal two economies, one improving for the wealthy, the other strained for those earning under $12,500. Sindlinger & Co. finds 70 percent of Americans still contend with inflation and recession, prompting questions about job security and local business prospects.
MENTIONED IN THIS ARTICLE
John Cunniff
AP F
New York
University of Michigan
Jay Schmiedeskpam
Sindlinger & Co
Safeway to Open Largest Scottsdale Store Oct 17
Safeway announces the Scotts dale location at Scottsdale Village will open October 17. The 28,000 square foot store on 68th Street south of Thomas Road is about 75 percent finished, with about 50 new employees and 18 from existing Scottsdale outlets transferring. The existing 2801 N. Scottsdale Road store will close. The new center also houses a Walgreens and 15,000 square feet of leasing space.
MENTIONED IN THIS ARTICLE
Safeway Stores
Scottsdale
Scottsdale Village
Safeway
68Th Street
Thomas Road
Charles Sharpe
N. Scottsdale Road
Sharpe
Walgreen Drug Store
Advertising award nominations accepted for 1976
Nominations are being accepted for the J. Terry Groeher Memorial Award for Advertising Man or Woman of the Year 1976. Presented by Ada Phoenix, formerly the Phoenix Junior Advertising Club, to individuals contributing to advertising and the community. Nomination forms: Ad 2 Phoenix, P.O. Box 2589, Phoenix 85001, or Ron Cooper at A and M Associates in Phoenix. Deadline September 22.
MENTIONED IN THIS ARTICLE
J. Terry Groéher
Ada Phoenix
The
Phoenix Junior Advertising Club
Phoenix
Ron Cooper
A & M Associates
Also Mentioned on This Page
Scottsdale (Az
Daily Progress
Washington
Eyven
Dow Jones
Madda Trading Company, Inc
Chicago Mercantile Exchange
American Exchange
Invoivers
Brewery
MichSugar
Cacaba Se
New Idria
Champ Hom
NewparkRs
ConOi Gas
Ormandind
Crutcr
Ozerka Oe
Dixityn
Phoenix Ltd
RyenH = .40 10 WM W% Fed Resrces
Ve Sambos
Frontier Air
GlantVel
Syntex
Sard Terrac
We Gilkkch
Aisper
WyleLeab
Impona
Xonics_ inc
Caphed
Jus Dale
McDowell Mountains
Ise Valley
Converse
Dick Turner
Pinnacle Peak
Red
Scottdale
Arist
Business Mirror
Arizona
Advertising Award
Scottsdale Daily Progress
Ed Nixon
Jerry Ziegler
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