Companies brace for peso devaluation hits 1976 earnings
Large multinationals report steep 1976 profit write downs after the Mexican peso fell 37 percent. Many firms hedged too late or not at all, wiping out millions as inventories lose value. Wall Street analyst David Hale notes hedging costs were high and losses follow devaluation.
MENTIONED IN THIS ARTICLE
Donald C. Bauder
Copley
America
Wall Street
Mexico
David Hale
Wall
Street
Bache Halsey Stuart
Hale
Dow Jones 2 p.m. stock averages report
New York AP stock page notes Dow Jones industrials at 1009.64 up 0.33, transports 221.18 down 0.16, utilities 98.19 up 0.38 while a wide range of issues including AmCan Ampex CocaCola and IBM show varied early gains and losses.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Indus
ApecoCorp
NEW York (Ap
ACF Inc
AMF Inc
AbbtLab
AmCan
AmHome
Ampinc
Ampex Corp
ArchCan
Armco
ArmstCk
Asarco
AshiOll
Atlas Corp
Avco Corp
Va Beckmn
Va Beecha
BeliHow
Bendix
Benguet
Boeing
BoiseCas
BucyEr
Bank Ramo
Burlind
Burrghs
Ye Buttesg Oil
CBS
Citfin
Cadence Ind
Cal Rinanl
AligLud
Amax
Amt&t
AdRich
BabockWil
U— Ys
T+ Beker
Séla
CessnAlr Ib
Chasem
Chessie
Chipneyt
Chris Craft
Chrysler
Citicorp
Clarke
Civen IH
Cloro
DiamSh
DilionCo
da— Dow Ch
ElPaso
Ethyl
FF Fairind
Fedders Cp
Filtrol Cp
FstChar
GenEl
Genesco Inc
Hewlick
Va Hollys
Web Corp
ColGas
ContAirLin
CoxBdd
CrwZel
Dartind
DelMon
Dennys
Disney
duPont
EastAirLin
EmerEl
FdFair
GamSk
Gerber
Goodyr
Hoernw
Homestic la
Johnsonin
Craig
Curtis Wr
Dayco
Delta Air
DetEdis
Peppr
Dukep
Easkd
Echlin
Enserch
Esmark
Exxon
Gannett
Heublin
Honywil
Houshf
iCinds
IBM
Merck
MGM
Milgo Elect
Mobil
Mohasco
Monsan
Melville
PepsiCo
Pfizer
Phelps
PhilaEl
PhilMorr
LaPacif
LykesCp
Macmill
Marathno
McDald
Norngs
Natcnc
Va OhioEd
Omark
PacPetrl
Panep
Ye Patrkp
PhillPet
Pitney B
Raytheon
Kimbel
KnigtRid
Kraftco
Kresger
T-L
LTV Corp
Lenpci
LehVal Ind
Levitz Fum
Ae Va
LagisLt
Wim— LukenSt
M—M— Macke
N—N — Ncrcp
Nabisco
NatAirl
NatFuel
Nat
Ve Northrp
Norton
NorSim
O O Oklage
Oklang
OutMar
Owensong
PacGas
PacPw
Ye PenDix
Penney
Pneumo
Publikr Ind
S QuakOat
Va Quaksto
Wat Va Rca
NwstAirs
Portge
Pagspl
Questor
Rancom
Market Snapshot of Selected American Exchange Stocks
U S stock board shows mixed moves with numerous companies listed including Aegis Corp Alleghy Airl AMIC Corp Armin Cp AtlasCM Austral Ol Baldor El Bellind OBA Berg Bruns BradfdN BrascanA West CKPet CMI Corp Carbon Caressa Carnat CerM of Champ Hom Coleman CanOil Gas Cornelius Crutch Damson Oil Dataprod Dome Petr Dynictn DynAmer FalconS Fed Resrees Filmwy GRICp Giant Gladding Cp GtBasin Pet GILLkCh Harma HouQilM Hycel Inc Incoterm A.
MENTIONED IN THIS ARTICLE
New York
American Stock Exchange
Aegis Corp
Alleghy Airl
Sim
Amic Corp
Armin Cp
Atlascm
Austral Ol
Baldor el
A Bellind Oba
Ala
Berg Bruns
Bradfdn
Brascana
West Ckpet
CMI Corp
Carbon
Caressa
Carnat
Cerm
Champ Hom
Coleman
CanOil Gas
Cornelius
Filmwy
Gricp
Gladding Cp
GtBasin Pet
Gilkch
Harma
Paca Ae
Idie Houqilm
He Hycel Inc
Impoila
Incoterm
Stock Market Ends Morning Slump With Slight Gain
The Dow Jones average rose .33 to 1,009.64 after four hours of trading in slow activity. It had dipped as much as 1.41 earlier as advancing issues led decliners on the NYSE while investors watched bond prices fall and reassessed holdings following last week's rally.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Commodity Closings Show Mixed Metal and Grain Moves
London gold falls 75c to 117.75 an ounce while IMM gold slips to 117.70. Dec copper retreats to 65.8c a pound and Dec wheat drops 434 per bushel to 3.024. Dec corn at 2.6934 and Nov soybeans at 6.3462. Live cattle and hogs rise, eggs slip, and cotton inches up to 77.96c a pound.
MENTIONED IN THIS ARTICLE
London
IMM
Scottsdale author warns of stockbroker ripoffs in new book
Scottsdale author and former brokerage executive David A. Rothchild argues investors are routinely harmed by brokers. He outlines common violations, urges timely complaints, and recommends contact with regulators if private settlement fails. He hopes fair treatment rebuilds investor confidence in the market.
MENTIONED IN THIS ARTICLE
David Lucas
Scottsdale
David A. Rothchild
Rothchild
National Association of Securities Dealers
State Securities Commission
The
Securities and Exchange Commission
Stock Exchanges and Trade Associations
Security class sign-up starts for national defense course
Enrollment of qualified individuals in the national security management course offered through the Phoenix U S Army Reserve School will be conducted on Wednesday evenings. Col Lloyd Clark says the two hour classes meet during the school year at the Arizona National Guard facility in Papago Park. The course, under the Industrial College of the Armed Forces, Washington D C, targets active duty or reserve personnel in grades 0 5 and above and federal and local government staff with relevant degrees and defense sector executives.
MENTIONED IN THIS ARTICLE
Phoenix
U.S. Army Reserve School
Arizona National Guard
Papago Park
Lloyd Clark
Industrial College of the Armed Forces
Washington, D.C
Army
Navy
Air Force
Marines
Coast Guard
Sizzler marks anniversary with price specials
The Sizzler Family Steak Houses in the Scottsdale area honor a fifth anniversary with three weeks of special entree prices starting today. The Phoenix and Scottsdale outlets began in 1971, with locations at 3636 N. Scottsdale Rd. and 4040 E. Thomas Rd.
MENTIONED IN THIS ARTICLE
Sizzler
Scottsdale
Phoenix
Valley
N. Scottsdale Rd
E. Thomas Rd
Bad Posture and Spine Health Pain and Chiropractic Care
A health column describes how poor posture shows in walking, feet, and facial tension and links aging health problems to past injuries and prolonged misalignment. It urges chiropractic treatment as essential, promoting a free spinal care class and offering contact details for Precision Chiropractic.
MENTIONED IN THIS ARTICLE
Precision Chiropractic
Thomas
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SonyCo
Scareg
Socale
SouthCo
Sonres
SouPac
Sperryr
Squard
SunCo
Systron Con
Trwin
TampEl
Tektronx
Teledn
Teleprmpf
Telex Cp
Tenaco
Texaco
TexEastn
Texsgif
Textron
Thiokol
Timlin
Transw Air
Transam
Varian
Vendo Co
Ene UnElec
UnoCal
Uniroyal
UnitCo
Usgyps
Usind
Ye US Steel
Vv UnTech
UniTei
Upjohn
Wnall
WaBne
Wunion
Westge
Weyerhr
WheelFr
Whiting
Whittaker
WillmsCos
WinnDx
Winnebago
ZaleCorp
ZenithRad
Associated Press
American Exchange
Instrum Sys
Intl Banknot
S Interway Cp
Kaisrind
Kewanee
KinArk
LafyRad
McCulo
Mitchie
Nkinney Cp
Nytimes
NorCdn Otis
Gla
Ozarka
Va Plant Ind
Planimnac
PrenHa
Presley Cos
Robintech
Ryank
Wie Shearh
Syntex
Tenna Corp
Ye Westats
Turfent
Aprises, Inc
Madda Trading Company, Inc
Chicago Mercantile Exchange
R. Attwood
Mary M. Mills
West Monroe
Scottsdale Office
Call Us
Prudential
Auto, Homeowners & Business Life Health Insurance
Prudentialinsurance Co
Mountain Shadows
RCA
Jason
Omar
Dynamite
East
Lincoln Drive
Paul R. Bates
Michael J. Jorgensen
United Way
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