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Southern Illinoisan in Carbondale, Illinois

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Dec 05, 1976

Page

24

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.

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.

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.

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.

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.

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.

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.

New York Manhattan

Also Mentioned on This Page

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
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