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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 27, 1976
Page
5
New York AP outlines a cautious 1977 outlook. Economists expect modest gains over 1976 with possible tax cuts or rebates, lower mortgage rates early in the year, and consumer prices easing slightly. Disposable income may rise about 5 percent, unemployment could fall, but business and consumer spending remain fragile amid uncertain confidence.
Mike Curtis becomes an account executive at Dean Witter & Co in Scottsdale. He is NYSE accredited and will manage investment accounts across services. Curtis, a former Marine Corps fighter pilot, resides in Scottsdale before starting in financial services. Eugene P. Davis of Scottsdale re elected to ABA 12th District Advisory Board. David L. Vaught named general agent for Occidental Life of California in Scottsdale with wife Sharon and son.
New York AP report notes dignity, fair treatment, and meaningful work top job factors for working women in Western Temporary Services survey across seven states. Most prefer male bosses at 77 percent citing easier tolerance, while 13 percent prefer women. Faults cited include arrogance, foul language, poor management, and patronizing attitudes.
The 2 p.m. Dow Jones averages show Indus at 990.28 up 4.66, Trans at 232.45 up 0.58, Util at 104.77 up 0.38, with a long list of stocks and price changes across major firms including Air Prod, AmCan, Exxon, GE, and IBM. The report also lists ups and downs on the American Stock Exchange with percent changes and notable movers.
The Dow Jones industrial average rose 4.66 to 990.28 by 2 p.m. in steady trading. Volume on the New York Stock Exchange reached 12.88 million shares as analysts noted expectations of a strong late December January rally.
London gold closes at 134.80 up 0.30 while silver slips to 4.38 0.10, copper at 0.626 up 0.009, wheat 2.7914 up 0.06, corn 2.55 up 0.03, soybeans 7.0034 up 0.05, meal 205.40 up 2.60, oil 21.48 up 0.01, live cattle 40.45 down 0.82, hogs 38.25 up 1.02, lumber 196.70 up 2.10, cotton 0.7627 up 0.39, sugar 0.0765 down 0.12. Market not closed.
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