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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Aug 08, 1977
Page
6
New York AP Dow Jones at 2 p.m. showed declines across indices with 30 Industrials down 6.50 to 882.19, 20 Transports off 2.93, utilities down 0.13, and broader 65 Stocks down 2.28. The report lists rising and falling NYSE stocks and notable movers, reflecting a market downturn for the session.
Readable quotes show London gold at 145.75 up 0.30, cocoa 2.15 up 0.05, and sugar 9.5 cents. Chicago prices include silver 4.56 per ounce, copper 54.0 cents, wheat 2.254 per bushel, corn 1.9544 per bushel, soybeans 5.872 per bushel, soybean meal 148.30, live cattle 40.05 per cwt, live hogs 42.77, pork bellies 49.90 per cwt, and cotton 54.80 cents per pound. Market not closed.
Arizona based or Arizona heavy facilities firms appear in a Merrill Lynch Scottsdale update of New York and American stock exchange prices. Companies such as APS AzCol Land Newberry Patagonia show varied figures with small changes and some unchanged prices.
Stocks and financial figures listed include Arizona Bank Valley Nat Bank Anheuser Busch Southwest Gas and Gen Semi with varying bid and ask spreads. Trading appears on OTC platforms with percentages showing recent movement and interest.
Carol MacIntyre joined Scottsdale Chamber of Commerce as manager of the convention Visitor department. A Richford Vermont native, University of Vermont graduate, she has held sales roles at Pointe West Resort and Hometess of America. Dave Rolston named Camelback Inn general manager. Jeffery Mossnar named assistant VP and area credit officer at Arizona Bank eastern area office.
Sally Vales named officer and branch manager of Bank of Scottsdale Sundown Plaza at Scottsdale Road and Shea Boulevard. Wichita State University graduate, eight years banking in the Valley. Dennis Ricardo of the Scottsdale Chamber notes Mills College session for organization executives.
New York AP reports fears of higher short term rates weigh on stocks in a slow session. The 2 p.m. Dow Jones Industrial Average drops 6.50 to 882.19 as volume runs low and creditors predict Fed tightening. Brokers warn higher borrowing costs could slow business expansion and push investors to Treasuries.
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