Stocks Dip as Rates Hit Record Highs on Wall Street
On the New York Stock Exchange the Dow fell 16.43 to 671.70 as rising rates fed a broad decline. The S&P 500 slipped to 71.09, with 12.2 million shares traded. Volume dropped from Monday's level amid inflation fears and high yields drawing buyers away.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Stock Exchange
Wall Street
Standard & Poor
Federal National Mortgage Association
Federal Home Loan Bank Board
Savings and Loan Associations
NYSE Closing Quotations Read Strong Mixed
New York market data show many leading issues trading with gains and losses at the close led by Am Airlines, CocaCola, Exxon and General Electric. Prices, highs and lows are listed for numerous blue chips including Air Prod, Alcoa, AmCan, Chrysler, and Dow components with fractional changes.
Investment Outlook Says Watch for Near-Term Shifts
New York firms Rosenkrantz Ehrenkrantz Lyon Ross forecast potential near term moves such as a rate drop oil price easing or inflation slowdown. They warn buying now may be too late once developments occur. They also highlight selective retail stocks as longer term outperformers and good buys today per Goldman Sachs analysis.
MENTIONED IN THIS ARTICLE
New York
UPI
Rosenkrantz, Ehrenkrantz
Lyon & Ross
Candy wrappers solve burglary in Florida town
In Balinger Florida the Sloan Grocery burglary was solved after deputies found a candy wrapper near a window. Two brothers aged 13 and 14 confessed to both break ins and most items were recovered, except for the candy.
MENTIONED IN THIS ARTICLE
Balinger, Fla
UPI
Okeechobee County
Sloan
Market Ticker Highlights On American Exchange Listings
Readouts show various stocks trading on the American Stock Exchange with mixed close figures. Notables include Petro, Brascan, Circle K, Frontier Air, Husky Oil, Lee Ent, and Okla Corp among others, with percent changes and price levels reflecting daily activity.
Dow Jones Averages Edge Lower In Mixed Session
Dow Jones closing averages show declines with the 30 industrials at 671.54, down 16.59, the 20 transportation index at 140.13, off 2.82, and the 15 utilities at 62.95, down 0.64. The broader market's 65 stocks slipped to 206.11, down 4.43 as total volume reached 12.2 million shares.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
Ie “Ams Cha
Alcoa
I'e Amax
Iéta
Am Airlines
Sn Am Stad
Apeco Corp
Ja Atlas Corp
Aveo Corp
Avnetinc
Bab&Wil
Baker Oll
Bangor Pn
Jy Wet Bath Ind
Ag Beckmn
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Beth Steel
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Boeing C
Va Boise Cas
Borden
Ve Brunswk
Bucyrus
CentTel
Va CerroCorp
Ie Certa Td
Cessna
Vaba
Chasem
Chmny
Chessie
Chris Craft
Clevel
CocaCol
Colgate
Col Gas
Crwn
Curtiss
Cyprus
DomeMin
Dow
Dresser
Duke
DuPont
Dla Alg Easco Co
Eastern Air
East Ko
Espas Co Lp
Ole EliraCp
Fleming
Jp Fmc Cp
GAC Corp
Gam Sk
Gerber
Gulf OF
Henny H
We Hershey
Heublein
Hobart
Howard
Idaho
dealBasic
We Nu
Va Intl Mining S
Tnt T&t
Va Itek Corprin
JeffPilot
JohnnMv
Jon Logn
Jones L
Jostens
Kidde
Kidde W
Kim Ct
We Klm Ajrt
Knight
Kopper
Kraftco
Ee Kresge
Va Kroger
LearSleg
Lehm
Libby McNi
Ble Ve Lockheed
OM. LoewCpt
Lonesig
E Ltv Corp
Sn Luckys
Luken Stl
Lyke Yosin
Marcoline
Massey
McCroy
Mead Cp
Merck
MGM Lab
Midsou
Mohsco
Motorola
Moon Fuet
MtStTel
MurpCo
Nabisco
Ty Nengel
Ap NingMo
NL Indust
Petri
BV Ie OgdenCp
Ohio
T&t
Pan Am Air
Penn
Penney
PennDix
Pennpl
Pennzoil
Pillsbry
Pitney B
Pse&g
Pullman
R— Ralston
Rey Ind
Reyal
Riviana
Vo Schering
Sears
Shell Oil
Wu SierraPc
SignalCo
SimnsCo
Singerc
Smithktine
SouthCo
Sonres
SoPacif
Sp Rand
Squibb
Tiga — T Tandy Corp
Teledyne
Texacome
Uniroyal .70 6% 6%E— Va UtdAircr
Utd
Va UnCorp
US Steel
E— UnivsOil
Utah
Varian
Ae Vetco
Walgreen
WarLam
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Whittakr Cp
Wickes Cp
WinnDx
Xerox Cp
Ib ZaleCorp
Va Zayre Corp
Zenithr
My Zurn Tnd
Dow Jones
Indus
Auto tuneups overhyped says AMC manager
George Brown of American Motors Corp argues many tuneups are unnecessary and costly. He says owners should consult manuals, seek a fair diagnosis, and repair only what is needed, with intervals increasing to 20 000 to 30 000 miles in 1975 models.
MENTIONED IN THIS ARTICLE
Frank Macomber
Copley
George Brown
Brown
American Motors Corp
Moneysworth
AMC
Scottsdale Community College launches new insurance curriculum
SCC starts a two year insurance curriculum designed for industry entrants and current workers. The program leads to an Associate in Arts in Insurance with options for a 15 hour core certificate or 30 hours in underwriting and property casualty. Courses run evening and include two classes this semester led by Eugene Obert and Art Riedmann. Late registration ends Friday.
MENTIONED IN THIS ARTICLE
Scottsdale Community College
Insurance Advisory Committee
Scottsdale
SCC
Maricopa County Community College
State of Arizona
Donald Werner
Principles of Insurance
Eugene Obert
CLA
Prudential Insurance
Art Riedmann
Imperial Insurance Co
Werner
Also Mentioned on This Page
Sosey Hieet
Goldman, Sachs & Co
Sauerbraten
S. Patti
Bankan i
Sontinental
American Exchange
American Stock Exchange
Ma Dixtyn Corp
le Dome Petro
Felmat
St Lee
Jva
Qve Okc Corp
Va Okiep
Syntex
Vikoa Incor
Bne
Pat Ve Yates Indus
N.Y. Stock Exchange Industrial Index
Insurance
Richard E. Anderson
Scottsdale Stationers
le Ree
First Ave
Pima Plaza
John D- Knox
Special Agent
Camelback
Hughes-Calihan Corporation
Arizona
North
16Th ST
Phoenix
Sun City
University
Tucson
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