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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jan 16, 1976
Page
4
At 2 PM on the New York Stock Exchange a broad sweep of equities shows mixed performance with many large caps such as Exxon, CocaCola, IBM and Boeing trading near prior levels while others like Alcoa and Alcan show small gains or declines. The AP tally records price quotes and percentage changes for numerous issues across sectors with notable activity in consumer, industrial and energy stocks.
A 37 state survey finds fiscal 1976 revenue up 8 percent but expenditures at 71 billion while revenue only 67.7 billion. Governors face tax increases or spending cuts as recession erodes finances with energy and agricultural states faring better than industrial ones. Welfare and Medicaid drove 1975 spending higher.
James Seamans is named senior missile guidance program manager at Motorola Government Electronics Division, coming from Raytheon Missile Systems in Bedford Massachusetts where he led Sparrow air to air missile programs. He is a U S Naval Academy graduate and plans to relocate his wife Diana and daughter Jane from Concord Massachusetts to Scottsdale.
NYSE movers list top gainers and biggest decliners by price change from yesterday to today. The report names several firms with percentage up or off notes, including Lehman, Arlen Rit, and Kirsch Co, among others, with mixed results and unclear figures due to OCR errors.
London gold at 129.50 down 2.50 per ounce. IMM Mar gold 131.50 unchanged. Silver 4.07 per ounce unchanged. Platinum 150.60 up 0.40. Copper 54.3 cents down 0.03. Wheat 3.5534 up 0.01. Corn 2.70 2 up 0.01. Soybeans 4.79 up 0.04. Live cattle 38.82 down 0.75. Hog futures 47.90 down 0.35. Pork bellies 74.75 up 1.23. Eggs 54.35 up 0.15. Maine potatoes 15.50 up 0.50. Plywood 53.80 down 0.20. Cotton 60.02 down 0.64. Sugar 14.28 up 0.2. Market not closed on above items.
Jerry Montague, manager at McKee's Oil, retrieved a stuck Dairy Queen deposit bag in Phoenix. He tore it open to recover $1,100 and returned the funds to Dairy Queen managers who then awarded him a check and gifts at a ceremony.
Vera B. Grady, CEO and owner of Far Western Placement Bureau, was honored with the Arizona Private Employment Agency Association's Award of Excellence at the annual APERA seminar. The 38-year industry veteran helped shape Arizona's private employment sector, serving on the Employment Agency Advisory Council since 1970 and holding leadership roles with APEAA.
Nan Muncy, former owner of The Canine Chateau in Kansas City, opens Desert Dog Beauty Boutique at 10337 North Scottsdale Road Paradise Valley. She brings 16 years grooming dogs specializing in poodles and schnauzers and keeps residence at 5349 E Pershing while sharing time riding horses weekends. Contact 991-0073.
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