Market Advances as Government Reports Strong First Quarter
New York stocks rose amid a positive first quarter economic report. The Dow Jones average gained 6.14 to 986.62 after fluctuating through the day, with more issues advancing than declining on the NYSE. Coastal States Gas jumped on a large block trade while Polaroid fell and Alcoa rose in active trading.
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New York
New York Stock Exchange
Dow
Coastal States
Polaroid
Alcoa
Commodity Closings And Market Roundup
London gold settles IMM June at 128.70 up 60c per ounce. April silver 4.49 and 4/5 up 9-5/8c. May copper 71 4c up 0.3c per pound. May wheat 3.52 down 4 4c. May corn 2.664 down 1/2c. May soybeans 4.874% up 1/2c. May live cattle 46.07 down 13c cwt. May pork bellies 80.15 up 1.95 cwt. May fresh eggs 0.43 up 0.3c per dozen. May potatoes 10.95 down 1 limit cw. May plywood 160.40 up 40c per thousand sq. ft. May sugar 14.28 up 0.01c per lb.
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Prices on American Exchange rise with select issues
The AP reports on selective price movements at the American Stock Exchange. Investors watched modest gains in a few listed issues as market activity showed cautious improvement.
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American Stock Exchange
Diving Dow predicted by Wall Street guru
Edson Gould of Anametrics warns the Dow will drop about 100 points before a rebound as analysts debate the market’s direction. Leslie Pollack of Shearson Hayden Stone believes a limited pullback will occur within a longer bull trend targeting the 1000 level.
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Wall Street
Helen L. Call
Copley
Edson Gould
Dow
Gould
Leslie Pollack
Shearson Hayden Stone
Arizona Retail Sales Up 5.6 Percent in 1975
Arizona retailers posted nearly seven billion dollars in 1975 sales, a 5.6 percent rise from 1974, with stronger gains in the latter half of the year. County gains ranged from Mohave 17.7 percent to Greenlee 2.2 percent, while consumer confidence rose and population growth is seen boosting construction.
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The
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Apache County
Navajo
Pima
Coconino
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Gila
Graham
Pinal
Santa Cruz
Greenlee
Valley Bank
Phoenix
Tucson
Luxury items remain popular in tough economy says Census
A Census Bureau study finds 1974 households still bought luxuries. TV ownership at 94 percent and over half have color TV, 28 percent dishwashers, 19 percent central air, 32 percent room air conditioners, and 32 percent own two or more cars. Incomes influence car ownership and average spend per household reached 1028 dollars for items listed.
MENTIONED IN THIS ARTICLE
Washington
Census Bureau
Moderation in Economic Policy Narrated by Analysts
AP analysis argues moderation can cool an overheating recovery though people may not follow numbers. It notes policy influence in an election year with cautious wage and price actions ahead. It highlights major labor contracts covering over one thousand workers and potential price rises despite recession.
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John Cunniff
New York
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