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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Feb 09, 1976
Page
5
The AP reports that a lull in declining interest rates has cooled the stock rally. Analysts caution about assessing whether the economy will sustain gains, noting improving inflation and profits yet unfinished recovery compared with three years ago. Market watchers expect a decisive week.
Dr. A. Richard Kassander vice president for research at the University of Arizona and a member of the state Solar Energy Research Commission will speak to the Arizona Harvard Business School Club Tuesday at a noon luncheon at the Phoenix Country Club. He will discuss Arizona’s bid to attract the federal Solar Energy Foundation to the state.
The IRS resumes the volunteer income tax assistance program at Vista Del Camino Neighborhood Center. An IRS representative will staff the center at 7700 E. Roosevelt St. two evenings weekly to assist with tax returns, from 5:30 to 8:30 p.m. on Tuesdays and starting March 4 on Thursdays.
At 2 p.m. the New York Stock Exchange quotations show prices for listed stocks with notable activity indicated by a sharp 16 percent movement in select issues. Investors monitor changes and volume across blue chips and rising sectors.
London gold at 129.75 down 0.50. IMM Mar gold 129.60 down 1.30. Apr silver 3.97-7/10 down 1.30. Apr platinum 1349.00 down 0.50. Mar copper 55.4 cents, down 0.2. Mar wheat 3.534 unchanged. Mar corn 2.65 1/2 down. Mar soybeans 4.764 down 1 3/4. Feb live cattle 39.57 up 0.95. Feb live hogs 47.77 down 0.37. Feb pork bellies 64.07 down 0.27. Mar fresh eggs 57.5 up 0.95. May Maine potatoes 15.90 down 0.50. Mar plywood 159.90 up 0.60. Mar cotton 58.65 down 0.50. Mar sugar 13.67 up 0.29. Market not closed on above items.
New York AP stock market gains steadied as signs of a stronger economy emerged. The Dow Jones 30 rose 8.10 to 963, Penn Central climbed to 3, and NYSE and American Stock Exchange indices edged higher amid higher consumer confidence and a December rise in installment debt.
Gerald P Marchal a licensed contractor and broker has launched Canyon Development Company focusing on luxury single family homes. He also partners in Marchal Morris Inc and previously held senior roles with Del E Webb Corp and Wood Bros Homes. Canyon Development HQ is 5601 East Presidio Road Scottsdale contact (602) 996 4364.
Henry Leppla, president and founder, announces Leppia Moving and Storage joins Republic Van Lines. The Mesa Arizona firm claims the Southwest’s largest 72 000 square foot warehouse devoted to household goods vaults and expands long distance and national accounts through the Republic network.
American Asset Company markets promotional apparel under Band of Phoenix featuring nostalgia caricatures and transfers of Suns Lakers and Kansas City Kings gear. New body shirts showcase stars like Clark Gable, Jean Harlow and Laurel and Hardy. Address in Phoenix listed as 5150 N. 16th St Suite 147 with contact 263-0917.
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