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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jul 03, 1974
Page
7
Selected stocks on the New York Stock Exchange close with gains and losses across many listings. The page lists numerous tickers, prices, and percentage changes, reflecting a broad market snapshot with major names such as Coca Cola, Exxon, IBM, and Boeing among others.
Wall Street chatter from UPI notes inflation and interest-rate trends drive near term market mood. Standard & Poor's says signs inflation may abate hint at higher stock prices by year end amid easing commodity prices and ongoing strong capital spending and tech advances.
Gold 135 dollars down 2. July silver 4.15 down 23.3 cents. Platinum 181.50 down 4.50. Copper 86.2 down 2.5. Wheat 4.46 up 6.4 cents. Corn 3.06 up 3.5. Soybeans 6.18 up 20. Cattle 43.57 up 1. Hog 36.10 up 78 cents. Eggs 44.75 up 0.55. Maine potatoes 4.70 unchanged. Plywood 110 down 4.0.
American Exchange reports selected stocks on the American and Toch Exchange, with listings in New York. The notice highlights trading activity and index movements amid market fluctuations, reflecting brief market updates and stock picks.
Closing averages show modest moves with the industrials up 2.19 points, the transports down 0.78, and utilities up 0.16. Total volume reached 13.43 million shares as trading ended.
Walter E. Hermann has been appointed secretary and director of the Montana company that bought all assets of Arizona Geothermal Power Corp. Robert V. Thorpe, president of Thor International Energy Corp., also serves as director. Champion Silver Mining Co. changed its name to Geothermal Power Corporation at a Denver stockholders meeting.
On the New York Stock Exchange Nasdaq and Dow Jones finished mixed in light preholiday trading. The Dow rose 1.95 to 792.63 while the S P 500 dipped 0.04 to 84.26 as declines slightly outpaced advances 8 to 5 among about 1,740 issues. volume was around 13.6 million shares.
Detroit notes 1975 as the year of the compact as energy crisis spurs small economical models. Ford Granada and Monarch lead the push with four cylinder bases, GM expands Vega and Nova lines, V-6 engines appear in Pinto and Mustang II, and GM acquires tooling for a V-6 powerplant.
Interface Inc led by Richard F. Caris moves to larger quarters at 7401 E. Butherus Drive in Scottsdale. The 5000 square foot facility houses office and production for load cells sold domestically and internationally used in weighing and measurement across industries including poultry, produce, logistics, pharmaceuticals, textiles, and aerospace testing.
The U S Labor Department announced 1.3 million in national grants to Maricopa County under CETA and EEA to create public service jobs for unemployed and underemployed residents. Arizona receives 3.1 million. counties and cities have set spending deadlines in 1975.
Ken R. Kunes Maricopa County assessor reports June auto dealer car sales dropped 36.9 percent from June 1973 with 5 254 transactions versus 8 333. He notes yearly declines since December except March and cites a 1 75 million revenue loss from illegally registered vehicles, now 5 400 out-of-state plates registered—up 20 percent from 1973.
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