New York stocks fall on profit taking and Xerox ruling
Stocks slid broadly on the New York and American exchanges as profit taking accelerated after a Federal Trade Commission ruling against Xerox for illegal monopolization of office copy machines. Dow fell to 721.29 with 1,187 declines and 214 advances as volume surged. Pepsico also moved lower amid lowered 1974 earnings estimates.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
American Stock Exchange
Federal Trade Commission
Pepsico
Wall Street Journal
Market Signs of Easing Amid New Offerings
The Municipal Market shows easing as slow new issues and over 400 million dollars in fresh offerings dampen prices. Loeb Rhoades notes halted rally despite favorable technicals. NY Fed reports M2 growth 2.1 billion for week to Feb 12. NYC banks lift loans 95 million week to Feb 19. Corporate bonds gain, utilities up to 10, industrials higher.
MENTIONED IN THIS ARTICLE
Loeb, Rhoades & Co
Phoenix
Reserve Bank of New York
Federal Reserve
New York City
Scottsdale-North Valley Business Briefs Highlight Local Appointments
Joseph La Mantia elected vice president at Caywood-Soderquist Insurance Agency Inc. in Scottsdale with 20 years on the industry. William P. Gunn named assistant trust officer at The Arizona Bank Scottsdale Trust office after moving from Bakersfield. Alan Stang to address Phoenix audiences on inflation at Safari Hotel. Vernon D. Farthing named man of the year by Southwestern Institute for enrollment leadership. Larry E. Tripke qualifies as registered representative for John Hancock Distributors. SBA loans and small business programs discussed at Phoenix College session March 5 with Mack Kehoe speaking at Temple Beth Israel.
MENTIONED IN THIS ARTICLE
William P. Gunn
Arizona Bank
Scottsdale Trust
Gunn
Phoenix
Bakersfield
Calif
Bank of America
Alan Stang
Columbia University
American Opinion Magazine
Phoenix Area
Stang
Safari Hotel
N. Scottsdale Rd
Vernon D. Farthing
Scottsdale
Southwestern Institute
Scottsdale Jaycees
Institute
Farthing
Larry E. Tripke
E. Palm Lane
John Hancock Distributors, Inc
John Hancock Mutual Funds
Tripke
U.S. Small Business Administration
Phoenix College
Mack Kehoe
Arizona District
SBA
Temple Beth Israel
10Th Ave
NYSE Quotations Highlight Mixed Early Trading
New York stocks show a mixed session at 2 PM with several notable movers. Airlines, steel, and tech names fluctuate while price highs and lows vary across sectors, signaling cautious investor sentiment.
Unclear historical market notation with multiple tickers
The readable text shows a dense list of stock tickers, company abbreviations, and numeric figures, resembling a historical market page. It includes names like Walgreens, ZaleCorp, Xerox, ZenithRad, and various percentage figures, but lacks coherent narrative or event details.
Sentry plans regional headquarters at Shea and 96th
Sentry Insurance will announce a regional headquarters at Shea Boulevard and 96th Street in Phoenix at a 10 a.m. press conference at the Phoenix Press Club. The facility is expected to cost between 910 million and 450 will be employed on opening, rising to 600 employees. Attending are John W. Jeanis, Robert F. Froehlke and Millard Humphrey. A new Plain Talk auto policy is to be introduced, developed from a Harris poll and Penn’s Wharton analysis, promising higher readability.
MENTIONED IN THIS ARTICLE
Sentry Insurance
Shea Boulevard
96Th Street
Phoenix Press Club
Sentry
John W. Jeanis
Robert FF. Froehlke
Corporation
Commodity Closings From Madda Trading Co Recorded
Today’s quotes show London gold at 183.75 down 1.50 per ounce IMM Mar gold 183.40 down 2.10 Apr silver 4.427/10 down 0.174. Mar copper 0.57 down 0.01. Mar wheat 3.75 2 down 0.05. Mar soybeans 5.25 down 0.14. Apr live cattle 37.52 up 0.77. Mar pork bellies 65.37 down 0.95. Mar fresh eggs 47.2 up 0.65. Mar cotton 0.39 up 0.43. Mar sugar 0.297 down 0.04. Potatoes 3.40 down 0.25. Plywood 115.50 down 1.10.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
Hds
Amax 1.75 7 160 4039 39'2 39%A-- Su AmHes
Su Am Airlines
Am Motors
Amt&t
V'o- de Apeco Corp
Armco
Atlas Corp
Avco Corp
Babé&Wil
Wban
Bangor
Bath Ind
Bell Hwl
Bendix
Su Beth Steel
Black&d
Boeing
Waa
Westa Boise Cas
Ja Borden
Sn Borg
Braniff
Bucyrus
Jala Va Budd Co
Bulovaw
Burt No
Burrghs
Vma Camp S
CBS
CentTel
Bova
Dla
Gannett
Gen Dynam Ag
Steel Ind
Pac Bog
Gerber Pd
GetryOl
Gilette
Goodric
Stu
Goodyr
Grace
Gruman
Gulf
HamPa
Vu Harrisc
Heinz H
Hercules
Hershey
Heublin
Hilton
Hobart
Hal Inns
Homstake
Idaho
InspCoppr
BM Corp
JohnMy
Sbr
John&j
JonLogn
K — Wa KaisrAl
Iva
Kerr
Kidde W
Kimbel
KLM Ald
Vo Knight
A Kopper
Kraftteo
Kresge
Kroger
van Ae Eo LearSleg
Libby McNi
Lockheed
LTV Corp
S— Www
Wwe
We Luka Sd
An Lykes
Marcor Inc
Va Massey
Oy McCrory Cp
Ma McLean
Mead
Va MerrilLy
tAahsco
Nenge&i
Indust
NorfolkWs
Ogden
Ohio
Owen CF
Mg Owen
Be— Va
PepsiCo
Plirer
Pheip
Ibaa
Ae PrilgEl
PhilipMo
A Phillips Ind
PhilPer
Pillsbry
Rey Ind
ReyndMel
Ug Robshaw
Ma Rochg
Va Wya
My Rockwell
Rohmh
Vo Rohr Ind
Royal CC
WM Va Sang Elc
Sanf Inc
Schering
Schlumb
SCM Cp
Ae ScottPap
Vola
Vola Seagram
Sears
SignsiCo
Ya Singer Co
London
Maine
Dow Jones Edges Lower At Interims
Dow Jones averages slip at 3 p.m. EST with sectors led by declines in industrials, transports, utilities and overall index. Dow Jones industrials fall 15.65, transports down 2.38, utilities off 1.34, and the composite off 4.43.
MENTIONED IN THIS ARTICLE
Dow Jones
Indus
Also Mentioned on This Page
Xerox
FTC
Scottsdale (Az
Daily Progress
Mart
University of Nebraska
American Institute of Banking
Jo Ellen
E. Garfield
la Mantia
CessnaAir
Colgate
Col Gas
Cox
DeltaAir
Dennison
Diebold
Disney
Dresser
EainCo
ElPaso
Eltracp
Esmark
Ex Cell
Vo Exxon Vabe
FF Faberge
FairCam
Faircind
Farah
Bet
Vo FsPaCpi
Fleming
Valea Ab FlaPwr
FoodFar
FordMo
SmithKline
VM SouthCo
Sonres
SoPacif
Dwat Me
So Rail
Va So Rand
Drg
Tandy Corp
Va Teledyne
Transam
Unocal
Ashay
Va UnCorp
US Ind
US Steel
UniTel
Ae UnivsOil
Upjohn
Utah
Varlan
Vetco
American Exchange
Xerox Cp
ZaleCorp
Zayre Rp
ZenithRad
Zurn Ind
Yoo
Wir
Dixlyn Corp
Dome Petro
Felmat
Ntry
Millard Humphrey
Arizona
Lou Harris
Warton School of Business
University of Pennsylvania
Madda Trading Company, Inc
Chicago Mercantile Exchange
Larry Mueller
Byaye
Rance
E. McDowell
Motorola
State Farm
State Farm Mutual Automobile Insurance Company
Bloomington
Illinois
Insu
Bank
Continental Bank
Matera
Aliic
Bruel Alco Pone
SUN Control Films
Hughes-Cathan Corporation
North 16Th ST
Sun City
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