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Scottsdale Progress in Scottsdale, Arizona

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

Jan 25, 1974

Page

7

New York Stock Exchange closing quotations report

Readable segments show daily close figures for many stocks led by Ampex Anacon Atlas Avco AT&T Chase Manhattan and Boeing with varied highs lows and percentage changes. The data lists price ranges and percent changes for numerous companies across sectors in New York market activity.

New York Stock Exchange Eco Corp Armco Richild Atlas Corp Avco Corp Avnetine Bab&Wil Baker Oil Bangor Pn Ind Va Beal Fdis Bell Hw Bendix Benguet Inc Bethss Bourns Burlin Burroughs WbVa

Dow Jones averages drift as mixed market closes

The Dow Jones industrials finish near 859.39 with a 3.69 drop amid a broad session of gains and losses. Trading volume totals about 14.86 million shares as investors monitor the day’s price swings and sector movements.

Mt CanPac Cessna Chris Crafto Chryste Cin Gas ComSalv Cyprus DanRivr Va Deere Fve DeltaAir Dennisn DetEdis DiamSh Va Diebold Disney W Dresser Va Duke P WSb+ Ve DuPont Bascoco Eastern Air de Exxon FS Faberge Fairind Firestone Fleming Fruehuf GAC Corp Gam Sk Gannett Gen Dynam Dow Jones

Wall Street Chatter New York on January Barometer Foretelling Market

The January Barometer is cited as the best traditional forecaster for the coming year with mixed views from firms. Merkin and Co. and W E Hutton caution sidelines and note possible bottoming with resistance around 750 to 800 on the Dow Jones. Townsend-Greenspan calls inflation politically driven, fearing no early reversal of long term trends.

New York UPI Smart Money Townsend-Greenspan and Co., Inc United States

Rumors Hint Burns May Resign From Fed Post

Circulating chatter in Washington suggests Arthur Burns could step down as chairman of the Federal Reserve Board. The Money Manager cites Yale economist Henry Wallich as a potential successor, noting Nixon’s nomination and Wallich’s conservative credentials.

Arthur Burns Federal Reserve Board of Governors John Gerrity Money Manager New York Gerrity Burns William McChesney’ Martin Jr Yale Henry C. Wallich Nixon Wallich J. Dewey Duane Federal Reserve Board Council of Economic Advisers Federal Reserve CEA Herb Stein Stein Burn Newsweek Magazine

Local wildcatter eyes Nevada oil field near Ely

Ed Obele a Scottsdale wildcatter with Guadalupe Exploration Company has sunk major funds into a Nevada drill near Ely. He battles industry skeptics while testing a 7 020 foot deep well with a 25 man crew and plans two or three more wells before selling to a major oil company.

Mike Petryni Oil Fortune Ed Obele Scottsdale Ely Nevada Desert Arizona Obele Guadalupe Exploration Company Nevada el Paso Natural Gas Co el Paso Bureau of Land Management Texaco North Texas Phillips 66 Oklahoma Panhandle New Mexico

Local Firm Buys Chaparral Drilling Co.

L W Smith president of Love Oil Company Inc Scottsdale announced the acquisition of Chaparral Drilling Co Inc Midland Texas for an undisclosed stock and other consideration. Chaparral is a West Texas oil and gas producer with rigs in the Southwest and promising Texas acreage holdings. Love Oil gains exposure in Texas and enhances technical and fiscal capabilities. principal operations previously centered in the Rocky Mountains California and the South Pacific.

L.W. Smith Love Oil Company, Inc Scottsdale Chaparral Drilling Co., Inc Midland Texas Smith West Texas

Stock prices dip on mixed NYSE trading

Stocks closed mixed on the New York Stock Exchange as investors focused on Middle East stalemate rather than Bank of America and First National City Bank of New York rate cuts. The Dow fell 2.07 to 861.01 while the S and P 500 rose 0.11 to 96.71 as advances kept a slim lead.

New. York Saghanne A Petro Arklag Austral Oi Buttés Gas T+ Dixtyn Corp Dome Petro Felmont Oil Asea Fischer Psi Fordc Frontier Air oHusky Or Kédisért Lee Ent Kirbyind Vy Loews van McCulich Akia Statham Va Syntex Ph Sa MB New York UPI New York Stock Exchange Middle East Bank of America First National City Bank of New York Standard & Poor

Also Mentioned on This Page

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