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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Feb 09, 1977
Page
6
The Scottsdale Daily Progress notes the New York Stock Exchange closing quotations at 2 p.m. on Wednesday February 9, 1977. The report lists prevailing stock values and market activity for that session.
The AP report lists late day moves on the New York Stock Exchange and American Exchange with big name issues showing gains and losses. Dow Jones and various industrials shift as investors react to market fluctuations, while percent changes highlight movers across sectors.
Four Scottsdale residents receive promotions at the Arizona Bank including John C. Philips Barbara Coleman Lola F. Jarrell and Michael G. Foit advancing to higher posts. Additional items note Robert A. Andersen's election as vice president sales at W. A. Krueger Co. and Kemper Insurance Group’s president’s club honor for Sauter Insurance. Advanced Computer Techniques expands Phoenix service with a second IBM 360/40 and Nancy Fairchild named director of sales for the uptown Phoenix Doubletree Inn. Luke Air Force Base contract awarded to Whitney Co. for two buildings with work to finish by August.
The third annual Governor's Symposium on Arizona Tourism will be held February 17 and 18 at the Hyatt Regency in Phoenix under the theme Working Together. John Marks of the Scottsdale Chamber will moderate a February 18 session on Tourism Program Funding. Regional workshops and panels on the Indian role in tourism and the Need to Know will feature leaders from the Salt River Pima-Maricopa Indian Community, the University of Arizona, Ted Sprague of the Phoenix and Valley of the Sun CVB, and other officials.
New York stocks fall broadly as energy worries and cold weather weigh on confidence. The Dow Jones average drops 8.48 to 933.76 by mid afternoon amid a 2 to 1 downside margin on NYSE issues. General Motors leads losses as shares slide 15 percent after quarter results miss estimates.
London gold 136.00 up 1.50 while IMM Mar gold 136.80 up 1.70. Copper 65 3/10c, wheat 2.8144, corn 2.56 2 up 34c. Soybeans 7.3h 2 up 3c, meal 212.00 up .10, oil 22.82c up .02. Live cattle 38.55 up .27 cw, Apr 39.17 up 2c. Hog 36.25 down .47. Lumber 185.90 up 1.20. Cotton .7625 up 1.13, sugar 8.71 down .66. Market not closed.
A veterans employment seminar is scheduled from 9 to 11 a.m. Thursday in the basement auditorium of the Department of Economic Security at 1717 W Jefferson St in Phoenix.
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