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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Aug 11, 1977
Page
5
The New York Stock Exchange at 2 PM lists mixed results with Jones 2 p.m. quotes and numerous stocks showing gains and declines. Prices for industrials, utilities, and financials vary as investors digest market movements.
Unclear text fragment includes tokens and percents like 25% 26% and scattered letters. No identifiable person, place, or event. cannot determine a news item, date, or organization from the legible portion.
The AP report lists selected American Exchange prices showing many stocks with small gains and some declines. Notable figures include AegisCo, LTVCorp, Meqpint, and USFilir with mixed Last prices and percentage changes across multiple lines.
London gold and several commodities close with prices listed including Aug gold at 146.60 and Sep copper at 53.3c. The report notes market activity with some declines and gains, and states that the market is not closed.
Arizona focused market data from the Scottsdale office of Merrill Lynch shows Arizona headquartered or facility based companies with listed stocks. Prices, highs and lows appear for ArColLand Newberry Patagonia and others with small percentage changes and mixed activity in the latest session.
Readable fragments show multiple banks and firms with percent quotes and over the counter bid asked figures. Entries include Arizona Bank Valley Nat Bank West Fin Southwest Gas Anheuser Busch Gen Semi and others with price or percentage figures and a classified ads note with a phone number.
John Bullock an economics statistician who criticized Census Bureau data was fired after he threatened to organize an effort to correct figures. He had previously driven a belated correction of a $50 billion understatement and said he faced coercion to seek advancement.
Robert Hagan says details of the dismissal are in a letter to a former employee after two reprimands. Bullock claims the charge is fabrication from his push to correct errors in national economic data, including state and county figures, payrolls and jobs. He cites pressure from Shirley Kallek and a miscalculation on unfilled factory orders with a $10 billion yearly impact. Milton Eisen admits slow acceptance of Bullock’s concerns.
The New York market showed a mixed day as the Dow fell to 883.75 with a 3.29 drop after an early gain. Gainers led losers 6 to 5 on the NYSE with 15.1 million shares traded. Inmont rose 2 percent and Carrier fell percent on merger news. Miller–Wohl jumped 12 percent on possible merger terms of 50 a share. NYSE index slipped 0.06 to 54.03 while the AMEX rose 0.58 to 121.17.
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