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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Apr 08, 1974
Page
4
The reader learns a repair shop owner fled town leaving many unpaid bills. Creditors can claim the repairer assets and the consumer’s TV becomes jointly owned via a mechanic’s lien. Legal action is costly but offers possible recovery. buyers should use reputable shops and consider alternatives before violence.
New York Stock Exchange closing quotations show mixed results with many issues trading in modest gains and losses. Large names such as Alcoa Coca Cola and Boeing appear with varied daily movement amid a generally unsettled session.
Bankers Trust today lifted its prime rate for its largest and most creditworthy borrowers to 10 percent from 9 percent effective immediately. Chairman William H. Moore said the move follows the bank’s lending rate formula tied to five day averages of 90 day commercial paper and 90 day certificate of deposit rates, both higher. The bank noted the increase does not affect rates to individuals and small businesses.
The report lists May silver at 4.79 down 0.20, May copper 1.20 down 0.05, May corn 2.54 bid up 0.23, May wheat 4.30 down 0.09, May soybeans 5.32 down 0.16, June cattle 46.55 up 1.00, June hogs 38.95 up 1.50, June eggs 42.25 up 1.70, May Maine potatoes 18.65 up 0.50, May cocoa 85.30 down 0.95, May coffee 70.75 down 1.85, May plywood 145.50 up 1.00.
Selected stocks on the American Stock Exchange in New York were reported by API. The brief item notes listings and market activity without detailed prices or volumes.
The American Society of Women Accountants Phoenix Chapter No 43 holds its regular monthly technical meeting April 18 at the Roadway Inn Phoenix. Social hour begins 6 30 p m with dinner half an hour later. William Mayo director of the state Department of Economic Security will speak on funding the new department. A short business session will follow.
The Scottsdale chapter board of the National Association of Accountants will gather at 5 30 p m Tuesday at the Cattle Thieves Steak House 2240 North Scottsdale Road. Discussion will cover plans for the upcoming technical session and the public is invited.
Closing figures show the Dow Jones averages with declines across sectors. Industrials fall 7.58 to 839.96, Transport off 1.67 to 181.83, Utilities down 1.15 to 88.09, and Stocks down 2.32 to 264.52. Volume reaches 10,740,000 shares.
Reader advises being ready with correct change when the carrier collects. The note emphasizes consistent tips support his independent route profits and minimize repeat collections, encouraging courtesy and prompt payment.
On the New York Stock Exchange prices fell as the prime interest rate rose to a record level. Dow Jones dropped to 840.42, with more declines than advances and heavy activity in Standard Oil of California and other major names. Some firms reported hopeful first quarter earnings despite the overall downturn.
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