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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jan 24, 1974
Page
5
The New York Stock Exchange closing quotations show a wide mix of gains and losses across multiple firms. Notable listings include large caps such as Exxon, IBM, General Electric, and Coca Cola with varied price moves and daily percentage shifts reflected in the compiled ledger of trades.
Dow Jones averages show declines across major sectors with the industrials down 7.92 points to 863.08 and transports off 0.78 to 189.72. Utilities fall 0.13 to 93.40 and the 65-stock index drops 1.82 to 274.21 while total daily volume reaches 15.98 million shares.
Selected stocks on the American Stock Exchange close show varied gains and losses across industries. Entries include Petro, Brascan, Dome Petro, FordC, Frontier Air, Syntex, Wheaton, and Yates Indus among others with price, change, and high data in a densely packed tabular format.
The fuel shortage raises costs for utilities dependent on Middle East oil and may shift to coal or other fuels. A list of less oil dependent utilities is offered, plus cautions on investing in coins and guidance from the Continental Bank on budgeting and net worth tracking.
Scottsdale Arizona Daily Progress reports on local commerce with market notes and business briefs. The issue highlights listings, prices, company moves and economic developments affecting the Scottsdale area during January 1974.
Brooks Cadillac announces Morton & O'Shea Inc will oversee advertising and public relations for the Scottsdale Phoenix metro area dealership. Edward T. O'Shea serves as account supervisor. The move coincides with broader business changes across Arizona firms including Walker's Manual ownership shift and The Arizona Bank's development plans.
New York stocks edged down as the Dow fell about 11 points early and finished 4.69 lower at 866.31. The S P 500 slipped to 97.02 while the market breadth showed declines and advances by less than seven to six. On the American Exchange prices rose modestly after an initial selling surge faded and bargain hunting emerged.
Motorola's Government Electronics Division in Scottsdale will host a data clinic next Tuesday at 8:30 a.m. in the 2nd floor conference room at 8201 E. McDowell to discuss the Government Industry Data Exchange Program. Attendance is open to current or prospective participants and participation is free.
The United States tops global phone counts with 131,606,000 lines, while Japan trails at 34,021,155. The guide notes 312,902,000 total telephones worldwide, private enterprises operating about 200,000,000, Bell System serving 98 percent, and Washington D C as the most telephoned city with 198 phones per 100 people.
A reader recounts a gas station charge account cancellation after a $4 unpaid bill. The firm failed to notify, prompting a restore after payment. The caller warns consumers to keep accounts in good standing as suppliers gain leverage amid shortages. A Maryland Virginia retailer faced a $1600 fine and 30 days jail for bait and switch advertising.
The Spear Market Report says energy crisis fading and stocks once hit hardest by the crisis are rebounding. Paine Webber Jackson & Curtis notes slower demand for short term funds and a likely neutral Fed policy should push short term rates down, signaling a developing bull market.
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