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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jul 07, 1976
Page
5
The White House and AP discuss the June unemployment rise to 7.5 percent amid claims that seasonal adjustment and data collection can distort figures. The piece highlights past revisions and the risk of making political decisions based on numbers.
NYSE at 2 PM shows Dow Jones Industrial 987.48 down 4.33, Transport 222.96 up 0.32, Utility 89.15 up 0.58, and Stocks 308.19 down 0.65. A long list of late national prices for NYSE issues follows with bid ask and last prices, including major names such as Alcoa, Amoco, Exxon, CocaCola, General Electric, Ford, IBM, McDonald’s, and Pfizer. Market activity lists many company prices, highs, lows, and percent changes reflecting a broad session update.
In New York the Dow Jones industrial average fell 4.33 points to 987.48 as losses outpaced gains by about 7 to 6. Volume on the Big Board reached 11.74 million shares with profit taking seen in International Paper, U S Steel, and Du Pont. The NYSE composite eased to 55.24 and the ASE index slipped to 106.13.
London gold 123.00 down 0.30 per oz. IMM Sept gold 124.50 down 0.20. Aug silver 5.10-1/10 down 0.22. July platinum 180.50 down 3.00. July copper 0.762 down 0.01. July wheat 3.68 1/2 down 0.19. July corn 2.98 down 0.08. July soybeans 7.09 down 1.71. Aug live cattle 417.30 up 1.50. July five hogs 50.15 up 1.13. July pork bellies 7.97 up 1.55. July fresh eggs 0.539 down 0.01. May Maine potatoes 8.36 up 0.06. July plywood 146.00 down 0.80. July cotton 0.676 down 0.037. July sugar 0.146 down 0.009. Market not closed.
J. Paul Jones, ex vice president and general manager of Motorola’s Government Electronic Division in Scottsdale, has purchased EMP Electronics, Inc. The 12,500 square foot Palos Verdes Industrial Park plant employs about 120 and produces custom power supplies and magnetic components for government contracts. EMP records 3 million dollars in annual sales.
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