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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jul 02, 1974
Page
6
A reader in Beverly Hills asks about buying municipal bonds with $3500. The adviser suggests municipal bond funds bought in $1000 units, offering tax free income, diversification, and flexibility. An example shows after tax returns favor bonds over taxable savings. Thought for the Week follows.
New York reports mixed closing quotes on the NYSE with Duke Power and DuPont among leaders. Several notable names such as Eastman Kodak Amoco Exxon and Coca Cola show varying gains or declines, reflecting broad market movement.
Selected stocks on the American Stock Exchange finish trading in New York with brief market results.
Gold and silver fell while wheat and soybeans rose at the CLOSE. Copper and platinum edged lower as cattle and hog futures weakened. eggs and potatoes held steady with minor moves.
The 1975 model year faces higher sticker prices due to added safety and emissions gear, notably catalytic converters. Expect domestic sedans to cost up to $400 more at introduction with $150–$175 extra per car for converters, a burden many buyers may resist.
Dow Jones closes lower with the 30 industrials at 790.44, down 15.80, the 20 transports at 157.69, off 3.91, utilities at 68.60, down 0.39, and the 65-stocks index at 937.38, down 4.58 as trading volume reaches 13.46 million shares.
New York stock prices fell today in slow trading on the stock edge as a major glamor stock took a pounding. The Dow Jones industrial average dropped 14.63 to 791.61 near the close, while the Standard & Poor's 500 stock index slid 1.63 to 84.39.
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