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Scottsdale Progress in Scottsdale, Arizona

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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

Dec 02, 1974

Page

4

New York Stock Exchange Quotation Snapshot Advances and Declines

Selected stocks on the New York Stock Exchange show mixed moves at 2 p.m. with GAC Corp Gannett and Gen Dyn among notable gainers while firms like Gulf, Union Carbide and Texaco register declines or uneven trade. The list includes diverse industries from consumer goods to energy, reflecting broad market sentiment of the mid-session period.

NEW York API American Stock Exchange Austral Oil Dixlyn, Corp Fischer Pt Ayala Ava Ford Frontier Air HousOll Husky Ol Kaiserin Ty Kirbyind McCulch Vikoa Incor

Oil stocks seen as investments not speculation

Thomson & McKinnon Auchincloss Kohlmeyer argues that international oil firms at current market prices are investments rather than speculation, selling at three to four times earnings with strong dividend returns and potential overdiscounting of any earnings drop. Winkler Cantor Pomboy & Co notes the market is in a consolidation phase with a sawtooth pattern, predicting this persists and provides a window to selectively buy weakened equities.

New York UPI Thomson & McKinnon Auchincloss Kohlmeyer Winkler, Cantor, Pomboy & Co

Dow Jones Averages Report Narrow Down At Midday

Interim Dow Jones readings show declines across major groups. Industrials drop 12.04 to 606.62, Transports fall 1.24 to 147.01, Utilities down 0.80 to 66.59, with the 65-stock index at 198.29 as volume sits around 7.42 million shares.

Bon Jones Indus

Commodity Closings From Trading Floor Report

London gold at 185.00 down 1.00 per ounce. Dec silver 4.407 down 0.198. Jan platinum 178.20 down 6.80. Copper 57.7 cents down 0.05 per pound. Wheat 4.79 down 1.44 per bushel. Corn 3.624 down 0.20. Five cattle 37.87 down 0.73 per cwt. Live hogs 41.20 down 0.47 per cwt. Pork bellies 65.62 down 1.50 per cwt. Eggs 57.15 cents up 0.5 per dozen. Maine potatoes 5.20 down 0.15 per cwt. Cotton 41.20 cents down 0.42 per pound. Plywood 105.50 down 2.77 per thousand sq ft. Sugar 51.2 cents down 0.02 per pound.

NEW York UPI New York Stock Exchange AicanAl Alleg Cp Allg Pwt Allis Cha Aico Amt&t Atlas Corp Avco Corp M— Va Bendix Beth Stee Ye Black&d Boeing Bourns Inc Braniff BrGrup Brunswk Budd Co Bulovaw Bunkerr Burlind Vo CanPac Caropl Vo Carrier C Cbs Chris Craft Colgate LTV Corp Macy Marcorinc Dayco Wa Deere Va Detta Air Ie Dennisn Diebold Disney Va Dow Ch Dresser da— Ve duPont Easco Co Wa Eastern Air Faberge FairCam Farah Mig FerroCorp Fleming London Maine

Interior Greenery Design for Home or Office

A compact service notice offering interior greenery design for homes or offices with a contact phone number 948-8806. The ad emphasizes decorative plant installations, maintenance, and styling for residential and commercial spaces.

Call to place price stability on par with full employment

Wall Street bond expert Sidney Homer argues for an amendment to the Full Employment Act of 1946 to make price stability a national objective equal to full employment. He cites inflation as a psychological pressure and notes debates among Keynesians and monetarists over whether full employment and price stability can coexist.

Donald C. Bauder Copley Ford Administration Washington Sidney Homer Wall ‘Streets Salomon Bros Institutional Investor Bond New York Homer Gabriel Hauge Manufacturers Hanover Corp Harry Truman Congress Truman Manhattan Federal Reserve Board

SEC sets tougher annual report standards with fewer photos

A Halloween report issued Oct. 31 outlines new SEC rules effective Dec. 20 1974 requiring five year operating summaries and detailed breakdowns of sales and earnings in annual reports. Companies closing Dec 31 will adopt the changes in 1974 with more candid text and less color, shifting focus to information over puffery.

Donald C. Bauder Copley Securities and Exchange Commission SEC CBS Pepe Edy Lie William Dunk Corporate Annual Reports, Inc New York H. Zane. Robbins Chicago Beveridge Kraus Robbins & Manning Manning Selvage & Lee Group

Brighter economy forecast for Arizona amid downturn

The October PMI survey shows a worsening economy with declines in new orders, production and employment. Inflation slows slightly, offering cautious optimism. Dr. Harold Fearon of Arizona State University warns the slump is longer and deeper than 1970, yet an early policy response could spur a rapid upswing.

Purchasing Management Association of Arizona Harold Fearon Arizona State University Arizona Dr. Fearon

Also Mentioned on This Page

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