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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 11, 1973
Page
5
A Gulf Coast motor home rented by a friend cost 20 dollars daily. After engine failure a single mechanic took eight nights to repair a broken valve, totaling 1100 dollars. The manufacturer may cover part of the cost, but liability remains unclear and insurance was lacking. Public tips urge clear liability and insurance when renting vehicles.
The early rally faded on the New York Stock Exchange with the Dow Jones industrial average down 7.35 to 843.79 by around 2:30 p.m. after a noon decline. Analysts cited drying buying interest after three and a half sessions of gains and a largely technical uptick. The S&P 500 slid 0.72 to 97.23 as declines exceeded advances 860 to 619.
The Foundation for Blind Children in Scottsdale is among 82 Arizona charities to receive part of a $20,000 Christmas donation from the Arizona Wholesale Beer and Liquor Association. Association President Morris W. Cohn notes the program, begun 19 years ago, has given over $208,000 to state charities.
NYSE early-afternoon quotations show mixed movements across major names. Notable entries include Ampex, AmAirlines, CocaCola, General Electric, and Exxon with varied highs, lows, and last prices reflecting ongoing market volatility.
New York based American Stock Exchange displayed a chaotic table of tickers and prices with highs lows and percentage changes. The snippet lists numerous companies such as ArklaG Austral Oil Cal Comptr Circle K Frontier Air Gen Cine Kaiser and others with varied percentage moves.
The Dow Jones industrial average fell 6.97 points to 844.17 and the transport index slipped 0.59 to 177.81 while utilities rose 0.19 to 89.05. Volume reached 15,140,000 shares as markets closed.
Rep. Morris K. Udall of Arizona will give a luncheon talk on "The energy crisis the view from Capitol Hill" at noon in the Pima Room Mountain Shadows with reservations required. Also noted are NAB accounts board meeting at Cattle Thieves Steak House with 6:30 dinner, and other local business and social notices.
Paul Ignatius, head of the Air Transport Association, said airlines are prepared to handle a 20 percent rise in Alaska air travel and cargo services within the state and to the mainland, following recently passed pipeline legislation.
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