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.
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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.
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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.
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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.
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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.
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London
Federal Reserve Board
Tokyo
Frankfurt
Zurich
Paris
Milan
Federal Reserve
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Pani &, Hovey
Done Hyan
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