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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jul 16, 1976
Page
5
Wall Street speculators eye over the counter secondaries as the bull market advances. Analysts say public interest is thin but improving psychology and selective growth factors may lift secondary stocks, with Dow above 1050 expected before summer.
Local representatives of the Bureau of the Census will conduct a survey of employment during the work week of July 19 to 24. The survey, for the U S Department of Labor, covers about 70 000 households nationwide. Results provide a continuing measure of the economy and are kept confidential by law.
The Dow Jones industrial average fell 4.34 to 993.12 with more losers than gainers on the New York Stock Exchange by mid afternoon. Fed money supply data spurred fears of tighter credit and Citicorp kept its prime rate at 7 percent, aiding broad market softness across NYSE and AMEX indices.
William H. Favre has been promoted to manager of the Broadway Scottsdale store replacing Paul Allen who will move to Bakersfield. Favre previously managed the Broadway at Biltmore Fashion Park for three years and has 15 years with Broadway including posts in Las Vegas and Long Beach.
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