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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jul 08, 1976
Page
6
New York AP stock page shows Dow Jones 30 industry index at 993.04 up 1.88 at 2 PM with broad market quotes and late national prices for NYSE issues. Individual stock listings cover ACF Ind to Xerox among many companies with price last and daily change figures.
The Dow Jones average rose 1.88 to 993.04 as traders priced in lower rates and possible easing by the Fed. Volume surged to 15.05 million shares on the NYSE with 53 more gainers than losers. Black & Decker led activity, rising to 24% amid a large block trade.
London gold 123.00 unchanged per oz IMM Sept gold 124.50 unchanged per oz Aug silver 5.18 7/10 up 8 6/10 cents per oz July platinum 160.90 up 40 cents per oz July copper 76.6 cents per lb up 4 cents July wheat 3.74 up 57 cents per bushel July corn 3.03 up 5 cents per bushel July soybeans 7.324 up 23 cents per bushel Aug live cattle 41.85 up 55 cents per cwt July live hogs 150.55 up 40 cents per cwt July bellies 72.65 up 32 cents per cwt July eggs 53.55 down 0.35 per doz May Maine potatoes 8.25 down 1 cent per cwt July plywood 148.20 up 2.20 per thousand feet July cotton 88.35 up 0.55 per lb July sugar 14.43 down 0.03 per lb Market not closed.
Detroit reports June domestic car sales rising 29 percent from 1975 to 829,146 units over 26 days. Ford up 44 percent, Chrysler 34 percent, GM 27 percent. AMC falls 37 percent. Imports drop 20 percent with 125,850 cars sold. District analysts warn of model shortages and still-competitive market share shifts.
IRS audit disputes may proceed from the auditor to the IRS district conference staff, then to the IRS appellate division, and finally to the courts. Inheritances are not income for federal tax, but future taxable income or gains from a sale may incur tax. seniors may qualify for exclusions and deductions with proper records and forms.
U S Small Business Administration management assistance specialist Mary Ellis will discuss SBA financing management and government contracting programs in Phoenix. She speaks at a breakfast session of Phoenix Executive Group at Carrow s Restaurant, 2026 N 7th St, Friday.
The Arizona State Chamber of Commerce voted to oppose the Nuclear Safeguards Act initiative on the November ballot. It argues the plan would delay nuclear energy development, harm Arizona’s economy, and threaten Palo Verde Nuclear Power Plant construction and jobs. The chamber cites energy cost benefits and construction spending as key local impacts.
A financial consultant and a researcher will gauge reactions to the Money mobile, a computerized van offering personal financial analysis at Camelback Inn on Friday and Saturday. Robert Levy of Beverly Hills and Connie Hutchings will assess local response to a prototype aimed at bringing expert business and family finance guidance to communities.
C Van Haaften the executive director of the Better Business Bureau of Maricopa County since 1971 will speak to the SWAP Club Salesmen With a Purpose at 7 a m Thursday at the Royal Inn Phoenix. He serves as vice chairman of the City of Phoenix Solicitation Board and is a member of the Phoenix Ad Club and Phoenix 100 Rotary Club.
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