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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 09, 1977
Page
6
A reader asks when to sell GE shares and how to handle the sale. The advisor recommends selling when funds are needed, or ex dividends are upcoming, and to use a reputable broker for eight shares. Fees vary. Merrill Lynch quoted under $20, depending on the sale price.
Late afternoon quotes show the Dow Jones Industrial Average at 813.58, down 6.67, while major sectors shift with utilities and transports modestly higher. Stock listings from the New York Stock Exchange include many names with varied gains and losses reflecting a choppy session.
The AP reports noon prices and percent changes for AMEX issues led by gains and losses. Listings include Altec, Archimedes, Austra, Bergend, and other equities with daily movements and closing figures quoted in a dense price table. A separate UPS AND DOWNS list ranks top gainers and decliners by percent change for Friday, excluding sub $2 securities.
Merrill Lynch quotes show Arizona firms on major exchanges with prices and changes. Listings include APS Newberry Patagonia West Fin Valley Bank Southwest Gas Anheuser Busch and Gen Semi among others with bid and ask observations and over the counter data.
Sue Wright of 943 N 86th Way is promoted to operations officer at Continental Tempe branch after starting as teller in 1974 and advancing to head teller in Scottsdale before moving to Tempe as operations supervisor. T Curtis Anderson III named assistant vice president at Skanco International to lead speciality programs after prior work in Dallas.
The 27,000 square foot Plaza 46 shopping center on Thomas Road east of Thomas Mall is complete. Architect Dexter A. Ives designed the project built by Kort Construction Inc. and managed by Julian J. Blum & Associates. Lease commitments include Carrows Restaurant Swensen's Sunland Camera and Fashion Discovery. Additional spaces 1 200 to 4 900 square feet available. Contact J Blum & Associates for details.
The Dow Jones industrial average stood at 813.58, up 6.67 points at 2 p.m. as IBM led gains. Gainers outnumbered losers 32 to 1 among NYSE issues though trading remained quiet in a light volume session.
Prices for gold coffee cocoa sugar and other commodities shown with daily changes. London gold 158.50 down 2.50, Mar coffee 187.00 down 2.33, cocoa 148.60 down 0.05, sugar 9.55 down 0.01, silver 4.780 down 0.036, copper 59.20 up 0.30, wheat 2.60 down 0.01, corn 2.25 down 0.0, soybeans 6.11 down 0.0344, soybean oil 22.70 up 0.06, soybean meal 161.00 down 1.10, live cattle 41.12 up 0.15, live hogs 39.25 up 0.10, pork bellies 48.70 down 0.45, cotton 51.35 up 0.24. Market not closed.
David L. Markstein of 8208 E Vista Drive is listed in Who's Who in Finance and Industry for 1977 78 and writes the Making Money Work column on Wednesdays in the Progress. Pam Brahm of Scottsdale joins Courtesy Chevrolet as first full time woman sales staff. Mehagian's Furniture Galleries adds Dey King Kay Matt to design staff for two Phoenix stores.
Robert Plenge of 7102 E Sunnyvale Road opened Plenge Securities Inc at 2202 E Camelback Rd. The firm focuses on investment grade securities and acts as a Becker Securities Corp correspondent. It has three brokers and a support staff. Purdom C. Thomas is vice president. Plenge was previously a resident manager at Bache Halsey Stuart Phoenix and became a broker in 1961.
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