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Scottsdale Progress in Scottsdale, Arizona

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

Apr 19, 1974

Page

6

What is a seat on the exchange and MIP plans

Explains that a seat is the floor trading privilege, not a chair, with prices around 449255 in 1968 and 90000 in 1974. Describes minimum opens via brokers, NYSE Monthly Investment Plan from 40 a month, and outline GNMA as Ginnie Mae with 7 percent yield. Ends with Durant quote.

NYSE MIP The New York Stock Exchange Roy Fairchild Wall St New York N.Y Ginnie Mae Government National Mortgage Association GNMA U.S Department of Housing and Urban Development

Stocks Slip on Profit Taking Amid Weak Data

On the New York Stock Exchange stocks fell sharply as traders took profits after gloomy economic statistics and higher rates. The Dow dropped 9.70 to 860.22 while the S&P 500 shed 0.82 to 93.96. about a thousand issues declined and roughly 350 advanced. Trading volume neared 10.3 million shares.

NEW York UPI New York Stock Exchange Standard & Poor Ane Iy Stock Exchange Ve Kirbyinds

Dr Max Faget to Address AIAA Phoenix Section

Dr Max Faget director of engineering and development at NASA will address the Phoenix section of the AIAA Saturday evening at the Camelback Inn. A social hour starts at 6 p.m. followed by dinner at 7 and the presentation at 8 p.m.

Dr. Faget AIAA Max Faget NASA Manned Space Cernter American Institute of Aeronautics and Astronautics Camelback Inn

NY Stocks End Sharp Mixed on Broad Board

Trading closes with varied gains and losses across sectors led by large caps such as Alcoa and Coca Cola while energy and tech names show volatility. Major movers include IBM and Boeing with mixed sessions and broad market turnover reflecting mixed investor sentiment.

Stock table fragment from American Exchange entries

A dense line of figures lists company codes and percentages across sectors. The snippet includes values for MorgJP, MtstTe, OklaGE, PacGas, Pan AMAir, Penn Ce, Pepsin, Polaroid, and other entities with varying percentages, percentages and ratios, reflecting a financial summary or ticker-like board.

Wall Street Chatter on Housing Starts and Rates

Wall Street chatter notes March housing starts decline while permits rise signaling potential housing recovery. Analysts from Townsend-Greenspan & Co cite savings flows and loan associations as potential headwinds and warn a sustained stock rally hinges on monetary policy. Wright Investors' Service cautions high rates keep short-term money market instruments in play while cash reserves shift to common stock over the next six to eight weeks.

Townsend-Greenspan & Co Wright Investors’ Service Bridgeport

Dow Jones Averages Move Mixed As Trading Closes

Dow Jones closing averages show declines across sectors with 30 industry stocks down 10.02 points to 859.90 and 20 transportation down 2.67 to 183.92 while utilities slide 0.54 to 6.69. The broad market totals 65 stocks with overall index at 268.38 a drop of 3.11 despite 10.71 million shares traded.

Dow Jones Indus Wits

Commodity closings and price quotations

Daily closing prices from Schaffer of Bache & Co show silver at 5.03 per ounce up 0.21, platinum 2.33 up 0.55, copper 1.33 up 0.04, corn 2.67 up 0.04, wheat 4.11 down 0.01, soybeans 5.71 up 0.01, cattle 45.95 down 0.30, hogs 37.05 down 0.70, eggs 42.50 up 0.45, Maine potatoes 16.50 down 0.50, cocoa 94.75 down 0.75, coffee 71.50 up 0.80, plywood 131 down 2.20 per thousand square feet.

New York Secaaripe AmHes Am Airlines Abrand AmeBrest AmCan AmStad E— Vo Ametek Ampex Co Amstar Anacan Apoca Corp Pimcas A Arms Ck Ashi Gil Beckmn Bell-Hwl Bendil BethSt Burl E— Pa Burroughs CerroCorpi Chris Cratt Chrysir Citicorp CocaCol Colgate Curtiss Cyprus DanRivr Deere DelMat DelfaAir Disneyw Vy Dresser Duke P EascoCo Ewtra Cpt Esbinc John Bjn Esmar Eshylcorp Jonesl Justins Excello Exxon Hii Ff— Faberge FaircCam Fairind Fleming FMC Co Wa FoodFar GAC_ Corp Gannett Uwe Ga Pac Gerber Pd Getty Global Marti Ite Corprin Kennecot L. Kern Kidde Kim Cl KLM Alri Kopper Kratsco Lockheed LTV Corp Luck Marcor s—MarMid Maxtag MicCro Grumn Gulf Oil Harrahs Harris Sos Ve Heeshey Heublein Va Hewitt P Hilton Hil Homestic Howmet Idaho Imperial Cp Meidcp Ie Midsou Pambaa Mobissosi Ide Mohsco Meonsanto Eae Purexco WU Paralatr Ralston Raython Simasc SimasCo Singerc Bu Va Va Sun Transam Tru WaAir Utah UV India Att Varian Ltd Maine

Wheat prices drift lower as harvest nears and exports soft

Commodity report notes wheat futures slide on slow export demand ahead of the 1974 harvest. Livestock futures steady despite Good Friday shutdown. Silver futures jump 50 to 60 cents as inflation fears lift precious metals. Wheat export inspections fall to 8.7 million bushels. year to date 955.4 million. Cattle-on-feed placements down 12 percent. on feed off 8 percent. Some Texas areas dry. holiday timing tightens meat supply briefly.

Texas

Western States Tire Sales opens new Tempe store

An eight bay Western States Tire Sales outlet opens at 4 p.m. today on 101 S Hayden Rd Tempe. The Tempe location is the fourth Western outlet this year run by manager Walt Hale. It offers Goodyear auto and truck tires Appliance mags and sports wheels plus brake work alignments tune ups and other car services with a ribbon cutting and open house.

Western States Tire S. Hayden Rd Tempe Western Walt Hale Goodyear Auto

Also Mentioned on This Page

Judith G. Rhoades Q M.B San Gabriel, Calif Exchange C. K Minneapolis Min Will Ariel Durant American Exchange MurpCo AbasGas nArBéog Va WsBanc Wanion Wsivac Weyrha tfakrCp Wickes Xedox Zalecorp Wall Vocabulist Scottsdale (Az Daily Progress John D. Knox Flovith and Crany Tocar Sana Omiin Fin Fm It Schaffer Bache & Co Scottsdale Stationers Victor Underwood Livetta Scottsdale Scottsdale Ile’ Stationers First Ave Pima Plaza Motorola Discrete Operations Dick Abraham Dale Shumway Motorola Spd Tom Connorship Motorola Discrete Products Center Joan Bennett P.O. Box Phoenix City Fred Schaffer Bache & Co. Inc Ford Schools Hamilton McKay Ill Hamilton McRae Phoenix Attorney Ford Schools,Inc First Federal Building N. Central Avenue Arizona FORD North Central Avenue
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