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The Chronicle Telegram in Elyria, Ohio

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Aug 21, 1978

Page

12

GM forecast projects record 1978 79 auto output and growth

General Motors Chairman Thomas A. Murphy predicts combined US car and truck deliveries will top 15.4 million for 1978 and rise to beyond 15.5 million in 1979. He bases the outlook on a 4 percent inflation adjusted GNP growth, rising real incomes, and growing employment, while noting large capital spending and regulatory influences.

New York General Motors Corp Thomas A. Murphy United States Murphy Grace UPI AL Inc Amo Alvin al Ama Westh Bloc Beodix Beth Susel Mattel Tom McNes Colanse Woolworth Chemie Nabisco Heros Carder Nat Ava Zenith Nat Dist Pierre Rcova Cal Colgate Nat Steel Me Americas Machine & Foundry Nortk American Conn Edison Con Edison Owen Center Penn Centralty CPC International Ine Stoh Penney Curtiss W Penn Lear Exxon REA Cp Natonal Gypsum Ik Firrestone Rep Steel Parker Hannifia Ford Mo

SEC Warns of Boiler Room Tactics in Oil and Gas Investments

The SEC cautions investors about high pressure boiler room sales pitches in oil gas and coal ventures. It lists telltale red flags including guarantees, insider tips, nonexistent commissions, and misused client funds, urging due diligence and professional review before investing. John R. Tomasic retires after 42 years at U S Steel with community roles noted.

Securities and Exchange Commission SEC Securities Commissioner Joseph R. Tomasic U.S. Steel Lorain Tomasic Lorain-Cuyahoga Community Welfare Council Community Service Board United Appeal Board UHF Treatment and Services Committee Ymca Family Service Board

Camera stocks rise as Kodak and Polaroid shine on Wall Street

Americans snap more photos and investors notice. Kodak and Polaroid shares rally amid rising camera and film sales and higher profits. Polaroid markets the low price One Step SX 70 and Kodak ships four million instant cameras this year, fueling a market rally and S&P upgrade chatter.

Wall Street Eastman Kodak Co Polaroid Corp Kodak Polaroid Kodak Instant Standard & Poor’s Corp

Inflation erodes gains in construction output, Dodge study says

The FW Dodge Division reports 1978 construction contract value at 147.7 billion dollars, a 6 percent rise from 1977, but an inflation rate of 8 percent with a 6 percent value increase implies a near fall in physical volume. The study, The Next Five Years, targets housing, commercial and industrial, institutional, public works, and energy-related construction and costs 4300 dollars for full access.

FW Dodge Division McGraw-Hill Information Systems Co DODGE F.W. Dodge Marketing Dept McGraw- Hill Information Systems Co Ave. of the Americas New York

Dollar rebounds after Fed rate move across markets

The dollar rose sharply on world exchanges after the Federal Reserve raised the discount rate from 7% to 7% causing nervous trading. Gains appeared in Tokyo, Frankfurt, Zurich, Paris, and Milan with notable yen and lire improvements while gold fell but stayed above $205 an ounce.

London Federal Reserve Board Tokyo Frankfurt Zurich Paris Milan Federal Reserve

Also Mentioned on This Page

United Press International Chicago Tribune Dow Larry Wachtel Bache Halsey Stuart Shields Mid-Ohio Securities Corp Broad St Elyria Ohio National Association of Securities Syria Inc Western Electric Co Bell Telephone Laboratories Court & Broad Sts Nyse New York Stock Exchange U.S Boeing Texaco Texas Standard Oil of California St. Joseph Hospital Johnny Davis Russel C. Cambarare Gerald Mielcarek Cambarare Mielcarek Hovey, Kaiser Insurance Associates, Inc Philip B. Kaiser William Comerfard Pani &, Hovey Done Hyan Lorain County Bank Building Phowe Citizens Home Savings Lorain County FSLIC Broadway Pearl Avenue Oberlin Avenue Amherst Cleveland Avenue West River Road Broad Street
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