The Palm Beach Post from West Palm Beach, Florida on December 10, 1976 · Page 83
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December 10, 1976

A Publisher Extra Newspaper

The Palm Beach Post from West Palm Beach, Florida · Page 83

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Location:
West Palm Beach, Florida
Issue Date:
Friday, December 10, 1976
Page:
Page 83
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Palm Beach Post, Friday, December 10, 1976 Ell CONVENTIONAL HOUSING PRICES HAVE SKYROCKETED. MANUFACTURED HOMES AS SHOWN BELOW ARE UNQUESTIONABLY erlin 9& "AMERICA'S BEST HOME BUY". WINTER HOME OR RETIREMENT HOME, YOU OWE IT TO YOURSELF TO SEE AND BE CONVINCED. Market Advances On Broad Front See the Latest in "Tops and Bottoms!" ti f.. LEASES A 1977 GRANADA For complete stock reports read The POST. Subscribe now for Home Delivery. Call Circulation 659-1450. Stock market Profile Dec. 9, 1976 PER MONTH FOR Volume INCLUDING INSURANCE 31.8 million Available only at A Retirement Mobile Home Community 6255 LAWRENCE ROAD, LANTANA, FLA. (305) 967-2626 $1 MILLION IIAIIUTT - $100 DEDUCTIBLE LEASE ANY MAKE, ANY MODEL Call Merlin 655-2905 fOOITY LEASE PLAN 7S0 DOWN PAYMENT LEASING FROM MERLIN NOW CHEAPER THAN BUYING 394 i A MomCWL WANT TO SELL IT? WE PURCHASE 1st, 2nd or 3rd MORTGAGES! M l II CASH? NO INSPECTION FEE CONFIDENTIAL 24 HR. SERVICE COME IN OR CALL J. C. SLATON GEORGE C. SLATON LICENSED MORTGAGE BROKERS SLATON, INC. 600 S. Olive, W.P.B. 655-8666 unchanged cno 7 I 7 f ' 1 1 I M "' UVuUl limit mi iiihiiui aunt iiiiii NYSE .28 ASE 1.H S & P Dow Jones 7.48 (LEASE h m PKMJIP The easiest way to sell a nice home is to have a nice mortgage to go with it. We have a nice mortgage for you. WtfMortgage Stoi Washington E Federal SAVINGS AND LOAN ASSOCIATION 899 E PALMETTO PARK RD . BOCA RATON (c) New York Times NEW YORK - Stock prices pushed higher across a wide front yesterday as the American Telephone and Telegraph Co. traded at its highest price in a decade. The shares of AT&T sold as high as 63 before closing at 63V4, up . Psychologically, the performance of the nation's most widely owned stock acted as a tonic to a market that was away and running from the opening bell. The Dow Jones industrial average bounded ahead 5 points in the first half hour, was up more than 9 points in the early afternoon and finally settled for an advance of 7.48 points to close at 970.74. This was the best closing average for the blue-chip barometer in more than two months. Booming volume accompanied the buoyant market, with heavy block trading by institutions and strings of 100-share trades by individuals. The turnover of 31.8 million shares on the New York Stock Exchange was the heaviest since late September. New 1976 highs outpaced lows by a 30-1 ratio, while more than 1,-000 issues rose on the exchange. There were fewer than 500 declining stocks on the Big Board. The American Stock Exchange also operated at a stepped-up pace; its turnover of 3.75 million shares was the highest since early March. Investors' increased activity in lower-price and secondary stocks has brought greater attention lately to the Amex. Basically, the market has moved up recently on expectations that President-elect Carter will stimulate the lagging domestic economy and that the oil-producing nations this month will impose a price increase that will not be so big as to disrupt the western industrial nations' economies. Beneficial Corp., a consumer loan company that has shown improving profits, rose a point to 27'A yesterday after setting a yearly high. Bank, natural resource and retail issues generally moved ahead. Sears, Roebuck rose a point to 69V4. DuPont, the chemical giant that was under pressure not long ago, proved the star of the Dow industrials as it gained 2 to 130V4. Esmark, formerly Swift & Co., was the only point-plus loser in the Dow average's 30 component stocks. It fell m to 33. There were several oddities in yesterday's stock market despite the overall buoyant tone. For one thing, IBM, which usually leads the way for stock prices generally, eased to 272 while the rest of the list was racing ahead. Domestic oil producers continued to rise. Superior Oil rose 4 points to 240 and sold at a 1976 high. General Bancshares, the first registered bank holding company in Missouri, rose a point to 12 and set a yearly high. Combined trading in all Big Board issues expanded to 37.23 million shares from 28.91 million shares. The Amex market value index, closing at its highest level since late September, rose 1.11 to 102.80. In the strong oil-and-gas sector, Dome Petroleum advanced 1 to 3514 after an official commented that analysts' estimates of a 26 per cent increase in annual earnings were "modest." Reflecting the heavy volume on the Big Board, options activity climbed to 46,796 contracts from 31,-774 in the previous session. On the Chicago Board Options Exchange .118,225 contracts were traded, against 79,469 on Wednesday. In the over-the-counter market, the NASDAQ composite index rose 0.73 to 94.10, while the industrial index went up 0.69 to 95.76. Fsnc Mortgage Loan Applications: 391-8903 or stop in at any Washington Federal office from Miami Beach to Boca Raton. LeVoiS Jack D Gordon Assets exceed $600,000,000 Arthur H Courshon President Chairman of the Board Guaranteed Ittue life 9 Tax Sheltered Flex-Annuity Guaranteed Ittue Health 2250 Palm Beach Lakes Blvd. Suite 104 Ph. 686-5550 m I m JNLIMITE FREE ll MILEAGE ACT NOW!!! WHIM ELSE CAN YOU GET A BETTER BUV7III Immediate Occupancy -For a Limited Time Only 2,000 OFF REGULAR PRICE Directly On The INTRACOASTAL Ixellenl Location Adult Community Close to Ocion Beaches Shot! Walk to 2 Shopping Centers lush Tropical Setting Former Nursery) hlole-Club Atmosphere. 4 Sty. Elev. lie ml Concrete, Soundproof, Quality Const. Veiy Convenient to I 95 WITHIN FLORIDA 2 Bedroom, 2 Bath 1153 SQ. FT. '27,000 1 Bedroom, 1 Bath Start at PER WEEK (LIMITED AVAILABILITY) NEW (ASS WITH AIR CONDITIONING AND AUTOMATIC TRANSMISSIONS. MAJOR CREDIT CARDS RjOUIRED is more than a great INKING ( s '10,600 so"!, OVER 85 SOLD Full Title Insurance by American Title Co. Don't let This Opportunity Pass You By. Come See It. You'll Like It!! MODEL OPEN DAILY 9:30-6:00 P.M. 7020 S. Fed. Hwy., loynton Beach J343S PALM ItACH COUNTY: 732-3711 BROWARD COUNTY: 427 424 tSuildart of prtltigiout Saagal. of Highland, Stogats Manor and Saagata Tow.rt. Dalray II " MOTOR CENTER 1937 Okeechobee Boulevard 1 r Bll rami uuqlh . , 1 l V5. i I 1 www w- w i 5 Christmas Gift idea... it also helps the Empty Stocking Fund! We'll seal money or any small gift you bring us in our brightly Christmas wrapped 2 tin can. That's right! It's a really fun idea. And, the only way to remove the contents is with a can opener. Your gift canned in our Santa's Cannery will be an instant success. The opened can then converts into a year-around savings bank with its own slotted snap-over plastic lid. The cost? Minimum donation per can is only one dollar. . .and all proceeds will go to the Empty Stocking Fund. We think that's a nice way to say Merry Christmas, to both you. . .and the Empty Stocking Fund. Paine V&bber invites you to attend a Forum. Estate Planning and the Implications of the lax Reform Act of 1976 A local attorney and an Fstate Planning Specialist will discuss: Pertinent aspects of this new tax law and how it may eitect yon Planning ; vour estate under Florida Law Wills, Trusts, and Property Ownership Time: Tuesday, December 14, 1976 l:OOanl7:(M)I'.M. Place: iiiiieeii)eroiiie IMaa Center West, 2"1 Koval l'almW'av l'lil m Beach. Florida Choose the meeting most convenient for vou and call Mrs. Sharon Stone at ()55-702S for reservations and information. Talk to us now.hu could thank us later. Rainebber FLAGSHIP BANK OF WEST PALM BEACH MEMBER F.D.I.C. Member Flagship Banks, Inc. SOUTH DIXIE AT BELVEDERE TELEPHONE 832-4121

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