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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Aug 25, 1976
Page
6
The New York Stock Exchange shows a wide spread of gains and losses with notable movers like IBM, Exxon, and GM posting varied last prices and percentage changes as the Dow and index averages fluctuate through 2 p.m. trading. Company names and stock symbols appear across columns reflecting upbeat and downbeat movements in a broad market snapshot.
New York stocks paused their slide as the Dow edged up 0.17 to 963.10 by mid afternoon. The day saw a 4-3 advantage for decliners, quiet trading with 11.28 million shares, and American Telephone & Telegraph active up 0.5 points while ex dividend adjustments trimmed closing price. The NYSE composite slipped 0.02 to 54.13 as the American Exchange index rose 0.14 to 100.99.
United States stock tickers show mixed midday trading with notable activity in energy and chemical sectors. Prices fluctuate as investors weigh corporate earnings and inflation signals, with several companies showing modest gains and others slipping.
London gold 104.25 down 0.25 IMM Sept gold 105.30 down 2.50 Oct silver 4.16 up 0.65 Oct platinum 153.20 up 0.00 Copper 67.9 down 0.07 Sept wheat 3.13 down 0.64 Sept corn 2.79 down 0.02 Sept soybeans 6.58 down 0.13 Oct live cattle 41.25 down 0.10 Oct live hogs 39.22 down 0.56 Feb pork bellies 58.00 down 1.30 Sept fresh eggs 42.3 down 0.01 May Maine potatoes 7.50 down 0.10 Sept plywood 148.00 down 1.30 Oct cation 78 up 0.45 Sept sugar 9.2 up 0.44
Scottsdale city government may be tough on developers to build a quality city yet values business as the community lifeblood. Franklin D. Aleshire told Scottsdale Rotary that anti business images exist and highlighted a joint economic development program with the Chamber of Commerce to attract and support local firms. He compared city government to a business, noting rising programs and federal calls for local solutions.
Wall Street bets on forest products stall as paper gains fade while lumber prices firm but housing recovery stalls. Analysts say stocks may be fully priced with little macro fuel for a rally, though long term bargains remain.
Nick and Hattie Baratta return from retirement to assist in their son Richard Baratta’s new Television Sales and Service at 2230 E. Indian School Rd. Tom Brogdon joins as longtime associate, while the younger Baratta, a former ASU and Grand Canyon student, will run repairs with his father supervising service.
Construction starts this week on a 410000 facility at Broadway and Indian Bend Road in Tempe as Lamson Business College expands for its winter quarter. The move serves Tri city residents who previously traveled to Phoenix. current temporary site enrollment has grown from 27 last May to 117, with courses in secretarial skills, accounting, reception, computer programming, and business administration.
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