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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Apr 14, 1975
Page
5
Tax tips discuss capital gains exclusions when selling a primary residence and timing to qualify. Also notes deductibility limits for health club dues and disaster losses from a hurricane, with references to IRS publications 523 544 and 547 for details.
The Dow Jones rose 42.24 to a 1975 high of 789.50 as bond market recovery spurred accelerated NYSE trading. S&P 500 gained 3.30 to 84.18 and the NYSE composite up 1.63 to 44.61 with 1,056 advances vs 678 declines. IBM jumped 7 to 205 fueling the rally amid inflation fears and deficit worries.
The Dow Jones Industrial Average rose 12.13 points to 801.63 with 30 stocks advancing while the Transports gained 0.8 points and the Utilities index held at 65.98 as broader market totals ran 245.94, up 2.58.
The New York Stock Exchange display shows quotes across multiple companies including DuPont Eastman Kodak Exxon Mobil and General Electric with varied percentages and price values. The table lists numerous tickers such as El Paso EMCG Ford Motors and Gannett with daily percentage changes and price movements.
The Dow Jones Industrial Average rose to 802.49, up 12.99, amid signs of recovery and lower rate forecasts. Advancers led decliners 921 to 462 as 1,775 issues traded heavy volume about 17.2 million shares. A Commerce Department report showed February inventories trimmed 1.49 billion while sales rose 0.5 percent.
Closing quotes show London gold at 166.50 down 5.30, IMM June at 165.20 down 7.10, Apr silver 4.01-4/5 down 12 7/10, Apr platinum 142.00 down 1.30, May copper 57.1 cents down 0.2, May wheat 3.5854 down 1/4, May corn 2.8244 down 1, May soybeans 5.77 down 2.34, Apr live cattle 43.22 up 1.0, Apr live hogs 42.65 down 0.10, May pork bellies 70.82 limit down 1.50, Apr fresh eggs 43.2 cents up 0.5, May Maine potatoes 4.39 limit up 0.50, May plywood 137.50 up 2.40, May cotton 43.02 up 0.59, May sugar 25.67 up 1.32.
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