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Scottsdale Progress in Scottsdale, Arizona

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

Apr 19, 1976

Page

5

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.

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.

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.

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.

Arizona Arizona Progress The Valley National Bank Mohave County Yuma County Apache County Navajo Pima Coconino Cochise Maricopa 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.

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.

John Cunniff New York

Also Mentioned on This Page

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