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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Aug 28, 1974
Page
6
Stocks closed lower after a volatile session on the New York Stock Exchange. The Dow Jones average fell to 666.46, down about five points late in trading amid disappointment over President Ford's economy news conference.
Readable NYSE closing stock list with company names such as Alcoa Allied Signal Amgen Amex Avnet Coca Cola Colgate and more with price changes and percentage shifts. The data shows daily close figures, gains and losses for numerous issues as published by United Press International.
The Dines Letter warns the market may overshoot to the downside and hint at a temporary bottom around Labor Day, while observers caution rallies could be phony and deeper declines toward 626 in the Dow are possible. E.F. Hutton notes trader psychology can override fundamentals, with no guaranteed level to halt the drop.
The Dow Jones closing averages show declines across major groups with 30 industrials at 666.61, down 4.93. 20 transports at 139.20, off 0.93. 15 utilities at 61.96, down 0.99. and 65 stocks at 204.39, down 1.72. Total volume traded reached 16.6 million shares.
A snapshot from the American Exchange shows mixed movement in energy and tech stocks. Notable figures include Austral Oil around 9.50, Banister at 11.14, and Creole Petroleum near 2.60 with varied daily highs and lows.
David S. Hanson of Phoenix has been named corporate treasurer of Hallcraft Homes Inc. at age 51. He is a CPA with about twenty years in financial management in real estate and home building. The item also notes promotions at M.M. Sundt Construction and appointments at International Monetary Exchange, Fred Harvey Inc. and Phantom Ranch along with a quarterly 15 cent dividend by The Arizona Bank and a banking school graduation for Roy Johnson.
Arizona establishes a state chamber of commerce to provide a unified voice for businessmen. President Richard C. Houseworth says the group will coordinate local chambers and watch the Legislature with a budgeted legislative director. John G. Prickett named executive director and Howard Colquitt named marketing director.
A new Association of Valley Travel Agents is organized in the Phoenix area under Evelyn McFrederick of Wayfaring Tour & Travel. The group plans four non dinner meetings yearly at venues like the SunBurst Hotel with speaker John Dalton of TWA addressing sales improvement for higher salaries and profits.
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