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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Apr 24, 1974
Page
6
A panel of actuaries and Certified Public Accountants will be featured at a Phoenix Life Underwriters workshop on "Innovations in corporate compensation" this Thursday. The event runs from 8:30 a.m. to 5:15 p.m. at the venue.
Eastman Kodak and IBM representatives will join Scottsdale area Chapter of the National Association of Accountants to discuss current and future data entry and retrieval methods. The Thursday meeting at the Valley Ho begins 6 30 with panels by Jon Sutcliffe Richard A Bell and Jay Campbell and Thomas Austin of Ernst and Ernst on compensation projections.
Camelback Inn announces four promotions among its sales and marketing staff. Mrs. Ruth Hildek becomes sales manager after a long stint in public relations and advertising. John Jamison advances to director of marketing for Marriott's 265 room Kansas City airport hotel. Dick Brezinski is raised to director of sales, joining James H. Fullerton Jr. in new marketing leadership at the Camelback Inn.
A dense ledger style report shows closing quotes and percentage changes for many firms. Notable names include Alcoa, Allied, Am Airlines, Coca Cola, Dow Chemical, Exxon, Ford, General Electric, IBM, Motorola, Nabisco, Pfizer, Procter gamble, Texaco, US Steel, and Westinghouse among others. Data includes bid and ask like values, daily changes, and percent shifts across numerous sectors.
Closing quotations list metals grains livestock eggs and soft goods with gains and losses. May silver 5.62 8 up 0.20 July platina 248 up 7 Ib May copper 1.34 up 0.04 May corn 2.72 up 0.10 May wheat 4.10 up 0.03 May soybeans 5.54 down 0.10 June live cattle 45.50 up 0.80 June live hogs 35.80 up 0.70 June fresh eggs 41.25 down 1.15 May Maine potatoes 15 down 0.50 cocoa 92.10 down 0.85 coffee 0.70 down 0.20 plywood 124.80 up 2.30.
Wall Street is pressured by inflation, rates, impeachment, and apathy, says E F Hutton. The firm notes the market looks sold out with buyers satisfied, yet could rise on positive news. Argus Research forecasts a slow U S recovery despite a GNP drop, higher rates, and lower output.
The Dines Letter warns inflation will slow only if dollar values hold, oil embargo ends, and agricultural shortages ease. By year end real output should near its long term trend but rates and bond prices remain volatile. It notes weak profits and rising bond losses driving fears of a major Wall Street brokerage failure.
The Dow Jones industrial average fell to 832.37, down 13.61, with declines across transports utilities and other sectors. Trading volume reached 16.01 million shares as 30 industrials, 2 transport, and 65 stocks moved in the market.
A period list of closing prices and percentage changes appears from the American Stock Exchange. Various stocks including Petro Austral, Circle K, Comb Equip, CreoleP, Frontier Air, Gen Cine, and Loews Thwt show small gains or losses with percent changes noted beside each price.
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