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Scottsdale Progress in Scottsdale, Arizona

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Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

Aug 10, 1977

Page

6

New York Stock Exchange 2 P.M Quotations Brief Selections

The AP reports at 2 p.m. Dow Jones averages showing mixed results with Industrial 880.80 up 1.38, Transports 220.49 down 0.39, Utilities 115.16 down 0.03, and the broader Stocks index at 299.69 up 0.12. Selected NYSE issues feature a cluttered list of tickers with price quotes, highs, lows, and last trade figures, illustrating broad market movement and stock activity across sectors.

New York Dow Jones Indus

Stock quotes from American Exchange show mixed gains

New York AP reports selective prices for American Stock Exchange issues with many listings showing small gains and some declines. Notable entries include AllegAir, AtlasCM, Carnat, and Circlek with varied percentage changes, while several others display stable or modest movement.

New York and American Stock Exchange Ups and Downs

The AP lists top movers on the NYSE and AMEX by percent change for Wednesday. The roundup names stocks and warrants with biggest gains and losses, noting percentage shifts and last prices despite no volume filter.

NEW York New York Stock Exchange UPS and Downs American Stock Exchange

Arizona stocks show mixed closes from Arizona companies

Merrill Lynch Scottsdale reports NYSE and AMEX prices for Arizona tied firms. Updates include APS, AzCollLand Fe, Patagonia, Southwest Gas, Valley Nat Bank and others with last bids and changes. some quotes show unchanged or fractional shifts, reflecting varied activity in Arizona linked listings.

Commodity Closings From Major Markets and Grains

London gold at 145.85 down 0.65, London coffee 2.09 up 0.14, cocoa 2.13 up 0.04. IMM gold 146.60 up 0.10, silver 4.56 unchanged, copper 0.538 up 0.004. Wheat 2.2434 up 0.0004, corn 1.96 up 0.004, soybeans 6.19 up 0.19, soymeal 151.00 up 1.40. Live cattle 40.42 up 0.35, live hogs 43.35 up 0.55, pork bellies 50.60 up 1.50. Cotton 0.5497 down 0.0025. Market not closed.

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Market resilience keeps price influence to consumers

The AP reports that consumer power remains in play with price influence still possible. Coffee roasting by U.S. firms falls over 20 percent from last year while wholesale prices decline and futures imply further drops. Oil supplies near overflow and gasoline prices ease as winter heating oil shortage seems unlikely.

John C

Coffee price collapse shifts market and consumer power

U S coffee roasts fell to 8.44 million bags through early July 1977 from 11.125 million in 1976 as demand shrank. Folger cut ground coffee to 3.48 per pound while General Foods held at 3.71. Brazilian green coffee traded around 2.05, with futures down, signaling a persistent downtrend. Analysts cite falling per capita use and retailer price cuts eroding margins amid oil market shifts and higher inventory levels. Consumers gain leverage as prices ease, prompting cautious optimism.

U.S Folger Coffee Co General Foods Ross Barzélay Brazil New York New York-area United States North Sea Mexico Alaskan North Slope Mideast

Embezzlement Concerns Rise Across Businesses

Retail and service firms report widespread employee theft from cash, merchandise, and office equipment. Experts estimate annual losses near 40 billion dollars nationwide with many small cases going unprosecuted due to bank privacy laws and jurisdictional limits.

Ozzie Roberts Copley News Service Wally Reese Sears, Roebuck & Co Los Angeles Jim Lorenz Lorenz

Burleson to retire from House in 1979

U S Rep Omar Burleson of Abilene says he will retire when his current term ends in 1979. The 71 year old Democrat, a member since 1947, notes he has been elected 16 times.

Abilene, Tex U.S Omar Burleson Abilene John F. Kennedy Richard Nixon Carl Albert

Also Mentioned on This Page

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