This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Aug 09, 1974
Page
6
A dense list of closing quotations for numerous stocks from Aetna to York shows varied gains and losses. Notable movers include Am Airlines, Am Can, Boeing, CocaCola, Exxon, IBM, and Boeing with several posting double digit percentage changes amid a broad market cross section.
Wall Street notes a sharp second quarter profit surge concentrated in several sectors. Excluding inventory gains profits barely rose, with high interest rates and tight credit common worldwide. Farm prices jumped 6 percent by mid July, challenging inflation expectations and recalling peak price inflation after the Korean War.
Closing quotes show London gold at 153.50 up 2.50, silver 4.41.5 up 7 cents, platinum 185.80 up 0.80, copper 81.6 cents down 9, wheat 4.29 down 15, corn 3.54 down 10, soybeans 7.92 down 20, live cattle 47.55 down 1, live hogs 38 down 0.27, fresh eggs 45.50 cents down 0.25, Maine potatoes 4.50 down 0.05, cotton 52.20 down 0.45, plywood 112.30 down 1.20 per thousand square feet.
Selected stocks on the American Stock Exchange end the session with varied results across numerous companies. Key names include Petro, Austral Oil, Brascan, Buttes Gas, Cal Comptr, CreoleP, Dome Petro, FordC, Frontier Air, Husky, Kaiser, LoewsTh, McCulich, Syntex, SoundCp, and Yates Indus, with prices, highs, lows, and percentage changes reflecting mixed performance.
The stock market moved slowly on the New York Stock Exchange as traders awaited economic policy from the Ford administration. The Dow fell 6.50 to 778.39 while the S&P 100 edged down 0.58 to 80.99 amid 9.4 million shares. Oil, autos, and various sectors showed mixed results with General Motors lifting 7 percent on 1975 model pricing and RCA Broadcast Systems raising prices 9 percent.
Scottsdale Arizona business brief reports on market updates and local commerce as of August 9 1974. Includes notes on price changes company actions and the day’s economic developments in the Phoenix metro area.
United Press International reports U S economists upbeat about a post Nixon era with Gerald Ford possibly curbing inflation and reviving confidence. Eliot Janeway says Congress will regain purse strings and spending limits. Pierre Rinfret cautions about Ford's unknown economic track record. Bank of America’s A W Clausen calls resignation a tragedy but in nation’s best interests. Bache & Co president Harry Jacobs Jr. expects a beneficial effect for investors and the economy.
Dow Jones closing 30 Industrials at 777.30 down 7.59 as markets show caution. Transports fall to 161.52 off 0.61 while Utilities rise modestly. overall trading volume limits activity with about 10.16 million shares changing hands.
After drought relief fears faded, traders booked profits on prior soybean and corn contracts while commercial hedge selling surged. Private 1974 75 corn crop forecasts reach 5.0 5.3 billion bushels versus last season, with USDA estimates due Monday. Wheat prices stay steady amid farmer selling and exports rise to Japan Italy Israel. Sugar shortages push world prices higher as refining supply tightness grows. The dollar weakens amid Nixon resignation fallout and Ford era inflation concerns, with wholesale prices up 3.7 percent in July.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.