Corporate Earnings Reports Could Quell Market Rally

(From For the Record, Tuesday, July 18, 1995): A notice in the Monday business page concerning the business persons special Spokane Indians afternoon baseball game listed the wrong date of the event. The event begins with a picnic at 2 p.m. on July 26, followed by the game. For information, call the Spokane Area Chamber of Commerce at 459-4111.

Investors will watch anxiously this week to see if corporate earnings reports add fuel to the stock market rally or douse it with cold water.

The closely watched Dow Jones industrial average is up 1,000 points since Thanksgiving, gaining about 150 points this month alone.

But analysts say disappointing corporate earnings could lead some investors to cash out profits, lowering the market. Among the major companies scheduled to release financial results this week are Chrysler Corp., General Motors Co., International Business Machines Corp. and Ford Motor Co.

In other events this week:

Today

Officials with Rep. George Nethercutt, Sen. Slade Gorton and the Consolidated Farm Insurance Agency plan to meet to discuss farm disaster options for Washington producers who were damaged by last week’s hail storm.

Meeting of the North American Council of Automotive Teachers opens at the Westcoast Ridpath Hotel.

Agriculture Secretary Dan Glickman speaks to U.S. Feed Grain Council in Salt Lake City.

Tuesday

The Washington Utilities and Transportation Commission holds a public hearing in Spokane on the proposed merger of Washington Water Power Co. and Sierra Pacific Resources. The 6 p.m. session will be held in the Farm Credit Building, Room B-103. A 10:30 a.m. hearing in the same location will review the Spokane utility’s least-cost plan.

The community colleges’ Small Business Development Center presents a workshop at 6 p.m. on how to market products or services on a small budget. The workshop, which repeats Thursday, will be held at the Spokane Intercollegiate Research and Technology Institute, 665 N. Riverpoint Blvd. Cost: $45; call 358-2050.

Wednesday

Spokane Air Pollution Control Authority holds a 7 p.m. public workshop on proposed grass burning regulations at the county commissioners hearing room in the Public Works Building, 1026 W. Broadway. Call 456-4727.

Chamber of commerces in Spokane, the Valley, Post Falls and Coeur d’Alene hold business person’s special at 2 p.m. at the Spokane Indians baseball stadium. Cost: $5 per person for picnic and game.

Thursday

Richard Hanson, president of RAHCO International, discusses his firm’s overseas activities at the Inland Northwest Trade Association’s monthly luncheon. The association will meet at noon at Mukogawa Ft. Wright Institute. Cost: $10 for members and guests, $12 non-members. 625-6190.

Friday

The Spokane Valley Chamber of Commerce holds a 7 a.m. Business Connections Breakfast at the Red Lion Inn. Spokane Area Economic Development Council president Bob Cooper will discuss economic development in the Valley and its future. Cost: $10. Preregistration by Tuesday required. Call 924-4994. , DataTimes ILLUSTRATION: Graphic: Measuring the Economy - Lumber Prices

MEMO: This sidebar appeared with the story: ON THE SHELF Business Week, July 17: Morrison Knudsen still needs better results and good proceeds from sell-offs to avoid a future court date.

Satisfied customers Rankings of car lines in a J.D. Power and Associates survey of owner satisfaction with vehicle quality and dealer service after one year of ownership. Lexus, 173 Infiniti, 172 Saturn, 159 Acura, 155 Volvo, 155 Audi, 152 Cadillac, 150 Honda, 149 Mercedes-Benz, 149 Toyota, 148 Buick, 147 Lincoln, 146 Subaru, 145 Mercury, 139 BMW, 138 Nissan, 138 Industry avg., 138