Steel price rise stirs debate amid Carter administration
The week saw steel prices up 6 to 7 percent on flat rolled products used in autos and appliances though no rollback call came from the Carter administration or the wage and price council. Industry leaders cite higher costs while demand remains weak. U S Steel chairman notes uncertainty as firms ship at pre rise prices. Carter taps Georgia banker Thomas Lance as budget director. Copper prices drop on slow demand. Australia and New Zealand devalue to shore up reserves.
MENTIONED IN THIS ARTICLE
Ford
Jimmy Carter
Council On Wate
Carter
Will'em Lilley III
Wage and Price Council
Thomas B. Lance
Georgia
Lance
Australia
New Zealand
William Moorhead
D-Pa
Wall Street Stock Ticker Wide Mix of Dividends and Prices
The Associated Press report lists varied stock figures with prices and percent changes for numerous corporations such as White Consolidated, We-Wheeler, Wisconsin utilities, and Zapata, reflecting dividends, ex-rights notes, and special distributions. Data covers multiple entries, including New York listings and financial terminology from 1974.
MENTIONED IN THIS ARTICLE
WstctTr
Haar
Wstvaco
Whiting
Whittaker
Miide- Jae
Wiebolt
Wilsbro
WisGas
Wisg
Wiscpl
Wiscps
Witco
Wometco
We WorldAir
Whaly
Wurlitzer
TI l
Wylain
Wyly Corp
Xtra Inc
Yates Ind
ZaleCorp
Zalepfa
Zapata
Zapata Pf
Zayre Corp
ZenithRad
Zurn
Associated Press
Lackluster market ends moderately lower
The stock market drifted lower over the week on unemployment inflation and Carter plans. The Dow fell 6.07 to 950.55 as investors awaited economic data and policy action, with brief rallies on Wednesday and Friday fading late.
MENTIONED IN THIS ARTICLE
Dow Jones
Terry Kirkpatrick
New York
Carter
Larry Wachtel
Bache
Halsey Stuart
Wall Street Shrugs at Unemployment and Wholesale Prices Rise
Markets showed little initial reaction after data showed unemployment at 8.1 percent and wholesale prices up 0.6 percent for last month. Analysts linked the figures to anticipated economic stimulation from the Carter administration as traders eyed possible policy moves. The NYSE composite fell 0.13 to 55.20 for the week, while the S&P 500 dropped 0.39 to 102.76. Volume averaged 20.74 million shares daily, above the prior week. Occidental Petroleum led activity, rising 2.? to 21.3? percent. The American Exchange index slipped 0.37 to 100.15.
MENTIONED IN THIS ARTICLE
Wall Street
Carter
New York Stock Exchange
Standard & Poor
NYSE
Occidental Petroleum
Soypeans beat whealt corn in mixed grain week
Prices for soybeans rose firmly while wheat and corn closed mixed. Oats gained pennies as iced broiler prices fell, live hog and cattle futures rose, and pork belly and shell eggs moved. Factors included Midwest weather and tighter grain stocks with USDA data on commitment improvements.
MENTIONED IN THIS ARTICLE
Ed de Moch
Chicago
Midwest
Agriculture Department
Bond Market Rally Lifts Prices Across Sectors
The week saw a broad bond rally with corporate prices advancing amid Fed monetary support. Municipal and U.S. government bonds posted gains while money market rates drifted lower and the three month T bill yield dropped to 4.99 percent.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve System
Henry Kaufman
Salomon Brothers
Fed
U.S
Kaufman
Double-decker Buses Return to Manhattan Streets
For the first time since 1953, eight British-built double-decker buses resumed service in Manhattan this fall. Each bus seats 69 passengers, expanding urban transit capacity.
MENTIONED IN THIS ARTICLE
New York
Manhattan
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Asa
Tye
Navy
Ason OD
Steel
Ford Ikred
William Gregigall
U.S. Steel Corp
Edgar B. Steer
Air Force
Rockwell International Corp
McGraw-Hill Inc
N.Y. Stocks
UrSanco
UN Commrc
Union Corp
UnElec
Unel Pf
Unél
Ucca
Upaccp
UnPac Pf
Uniona Inc
Uniroyal
Blat Va Uniryal Pf
Goa
UniTel
UniTel Pfl
Wslife
Utarint
Uiarpl
Vegdo Co
Ae Vest Sey le
Vetco
Viacom Ff Tye
Va Vaep
Vaep
Vornado Inc
WalMart
Walgrn
Wernaco
Vk Apes Wearns
WrnerCo
Warnerl
Wran
Westhrs
Weilserggo
WellEaa Aa
Dew
Wachtel
Russell Leng
U.S. Steel
Commerce Department
Chicago Mercantile Exchange
Hi H Low Close
CLIVE
Sorre
Geo O
Chicaszo
Chicago Board of Trade
Julie
Driyseta
Treasury
Federal
American Exchange Leaders
Syntex Corp
WUI Inc
Weelk’s
aAm Tel&Tel
Texaco Ing
Sony Corp
Amer Hess
Exxon
Anheuser Busch
Brock
Carter’ze Iz
Enerav Reserve
Macic Communications
Ig! Pabst
Vico
Wetmoreland
West Main
Carbondale
Wembe
Sipc Securities Save Protection
Dees
Totibe
Life Insurance CO
North America
Charles J. Lerner
Gayla M. Forby
John Uffelman
Curtis F. Downen
1. M. Simon & CO
Atsun
Epps Motors, Inc
Lake Rd
Basesqard Heatens
Martin
Luribe
S. Logan West Frankfort
American Investment Company
Investment Notes
St. Louis
Investment Department
Ile
Missouri
Illinois
Ovrier Avanc