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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 26, 1974
Page
7
Expert answers explain closed end versus open end funds and how shares are acquired. A balanced portfolio combines equities, bonds and preferreds tailored to the investor. Inflation reduces purchasing power, and growth stocks offer partial protection though no hedge is perfect.
A reader asks about preparing for financial risk if a spouse dies or divorces. The advisor urges couples to discuss insurance and pensions, citing divorce and widow statistics, and offers a published article on avoiding asset loss. The second item warns about oil or gas drilling funds, advising fee limits, partner profit opportunities, program credibility, and high risk of loss.
New York Stock Exchange list shows mixed results for major shares with units, prices and changes. Notable entries include Alcoa, AmAirlines, General Electric, and Goodyear, among many others, reflecting a broad market pull across sectors.
Stocks moved higher in early trading on the New York Stock Exchange with oils leading the advance as the Dow rose to around 605.83 after a 7.43 point gain while 848 issues rose against 452. Getty Oil spiked while confirming a hydrocarbon discovery in Mobile Alabama and noting tests are needed to confirm significance. Major peers including Superior Oil Exxon Phillips Halliburton Ohio Standard Shell Continental Oil and Joy Manufacturing also rose during the session.
Commodity closings show London gold and Fed silver mixed as markets tally changes. Copper gains while wheat corn and soybeans move with cattle hogs and pork bellies showing declines. eggs and plywood edge with modest shifts and some markets still open.
The Dow Jones Industrial Average rises 7.75 to 606.15 while the 20 Transports gain 1.28 to 141.52 15 Utilities up 0.06 to 66.75 and the 65 stocks list stands at 196.19 up 1.93 volumes reach 110000 shares at interim 2 PM.
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