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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jan 28, 1975
Page
6
New York stocks rose as IBM opened up 25 percent after a court ruling in its antitrust case against Telex. The Dow gained over 4 points as electronics and computer stocks led the advance amid heavy trading and broad gains across the NYSE and Amex.
Mountain Bell employees Herman J. Mark and Gordon Treadway will retire next month after nearly 70 years combined. Mark ends 35 years in central office repair with Scottsdale and Phoenix postings, while Treadway leaves as a long-time cable splicer and test deskman. United Bank promotes two Scottsdale officers Gregory B. Dean and Frank C. Bumpas to regional and vice president roles respectively. Motorola announces three law department appointments in Scottsdale and Paradise Valley with Kopidlansky OLeary and Coffee taking key international and domestic roles.
New York market report shows mixed sessions with Dow Jones Averages and industrials inching up while utilities slip. Listed stocks include Airco, Alcan, Allied Steel, Amex and Coca Cola among others with varied highs and lows and closing values.
London gold at 177.50 down 2.00 per ounce. Mar wheat 3.89 down 0. Yc per bushel. Mar corn 3.14 up 0.3 per bushel. Mar soybeans 6.19 up 0.14 per bushel. Live cattle 36.27 up 1.17 per cwt. Hog 41.25 up 0.95 per cwt. Eggs 47.9 up 0.35 per dozen. Cotton 38.7 down 0.45 per pound. Sugar 38.5 down 0.7 per pound. Plywood 125.80 down 1.30 per thousand. Not closed on some items.
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