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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jul 13, 1977
Page
5
The Associated Press reports at 2 p.m. the Dow Jones industrial average drops to 899.76, down 3.65 points, with declines across most sectors. Utilities edge up slightly while transport and consumer stocks show mixed losses amid a broad market pullback.
Fragmentary OCR shows mixed financial data across numerous companies and ratios. Entries include IBM, IntHarv, Kellogg, Kroger, and others with percentages, prices, and counts, but many values are garbled.
The Scottsdale Merrill Lynch office provided NYSE and AMEX prices for Arizona headquartered firms and major Arizona facilities. The data shows varied figures for companies such as Southwest Gas and Valley National Bank, with notes on highs and lows alongside percent changes and miscellaneous entries.
Bob Ray, general manager of the Phoenix Doubletree Inn, is named manager of the Doubletree Inn at Scottsdale Mall. He has five years with Doubletree and a background including Michigan State University, Winn Schulers in Marshall Michigan, and Don the Beachcomber's in Hawaii.
Thomas O Leary will replace Wayne Hoss as manager of the Doubletree Inn at Fashion Square. Hoss becomes general manager of the 17 million dollar 375 room DoubleTree Inn of Monterey at Fisherman’s Wharf. O Leary comes from Atlanta where he led Century Center Hotel and earlier Executive Park Hotel.
The Dow Jones industrial average falls 3.65 to 899.76 at 2 p.m. as 15 million NYSE shares trade. Dealers eye support near 900 while retail sales for June show a third straight monthly drop.
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