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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 06, 1976
Page
5
AP reports major chains posted strong fall and winter apparel sales in October and November while durable goods like autos and appliances lag. Analysts note a defensive consumer, with auto softness partially due to supply but also weaker underlying demand, echoed by Sanford Bernstein.
Government data show weak demand at furniture and household equipment outlets with sales 2 percent below last year. Analysts attribute the softness to future uncertainties rather than income or credit shortages, even as retailers like Kresge Sears Roebuck and Montgomery Ward report 6 to 27 percent November gains. Deposits in savings institutions rose by 8.6 billion in October, aided by cautious consumer spending on big-ticket items.
A day long session on Training and Development of Employes will close ASU seven part Women in Management seminar series. Howard P. Mold ASU faculty associate will lead from 8 a m to 4 30 p m December 13 at the Center for Executive Development. He will cover training techniques laws of learning analysis of learning hierarchy levels the four step training method learning as problem solving delegation and evaluation and needs identification.
New York stocks rose with the Dow up 12.13 to 962.68 as gainers led losers amid active trading. Bertram Lance heads OMB and signals possible tax cuts, while Carter questions immediate need. Analysts say markets expect easing from Fed moves to lower rates if momentum stalls.
Commodity closing prices from Madda Trading Co list London gold at 134.50 up 3.70 per oz and MM Dec gold at 135.70 up 2.70. Silver 4.355/10 unchanged. copper 58.7 cents, up .2. Mar wheat 2.74 up 0.41. Mar corn 2.533 up 0.44. Jan soybeans 6.954 up 0.94. soybean meal 203.20 up 3.40. soybean oil 22.05 cents up .28. live cattle 41.40 up 0.35. live hogs 34.70 up 0.75. plywood 194.00 down 0.20. cotton 0.6 up 1.15. sugar 8.29 down 0.01.
Otto J. Scott warns that rising government spending and controls threaten private enterprise. He proposes a multimillion dollar fund to promote free thought, legal defense, and libertarian activities, backed by a corporate-backed alliance to counter bureaucratic overreach.
Readable market table lists numerous stocks with prices, highs and lows, showing varied performance. Entities include AMBAC, AmCan, AmEx, Boeing, CocaCola, CocaCola, Chrysler, CocaCola, Exxon, Ford, General Mills, IBM, Johnson & Johnson, Procter Gamble, and many others across industries, with daily percent changes and last prices.
National price readings show Hycel Inc at 17 and 23 percent changes with varied up and down moves across an array of stocks. The compiled list includes Aegis Corp Interway CP CMI Corp NorCdn Oils and many others with bid and last prices, daily changes, and notable percentage shifts.
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