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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jul 19, 1976
Page
5
The piece argues that voters rely on personal finances over official statistics to judge the economy, noting that monthly figures are often revised and can mislead public perception. It highlights May and June retail sales revisions and warns against overemphasizing the latest data when trends emerge only over months.
The page lists 2 p.m. quotations across many stocks with Dow Jones averages and closing prices. It shows last prices, percentage changes, and percent gains or losses for numerous companies including major industries and tech names. Sever al entries reflect significant daily movements and value shifts.
London gold at 113.25 down 3.25. IMM Sept gold 113.40 down 5.00. July copper 72.9 cents, down 1.8 cents. July wheat 3.50 down 9 cents. July corn 2.99 down 4.5 cents. Aug live cattle 41.77 down 5 cents. July soybeans 6.81 down 20 cents. Oct cotton 60.43 cents down 2 cents. Sept sugar 12.8 cents down 0.17 cent. Fresh eggs 58 cents up 0.85. May Maine potatoes 8.15 down 12 cents. Plywood 143.00 down 1.50 per thousand sq ft. July pork bellies 65.70 down 2 dollars. July live hogs 47.75 down 77 cents.
The New York market showed a cautious, uneven session with the Dow Jones average up 2.45 to 995.66 as gainers and losers balanced. NYSE volume reached 11.52 million shares by midafternoon while Skelly Oil surged 15% to 103 amid Getty Oil's announced plans to acquire Skelly. Gold shares declined with bullion prices easing in Europe.
The United Auto Workers begin three year talks with General Motors and later with Ford Chrysler and American Motors aiming at 680,000 workers in U S and Canada. The union demands job security and healthcare restructuring while signaling a hopeful, strike-free start.
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