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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jun 13, 1977
Page
5
In New York AP report speculation grows around housing with higher prices and possible mortgage rate rises. Analysts note a calm in stock markets as inflation fears ease, while May shows a small rise in new home mortgage rates to 8.96 percent from 8.94 percent signaling direction.
Existing single family home prices rose to a median of 42 000 in April with strong resale activity totaling about 310 000 transactions and a market value above 14 billion dollars. The National Association of Realtors notes a 3.3 million annual rate and a 17.4 percent yoy gain.
AP reports late national prices for NYSE issues with many listings and percentages. The data includes many company names with bid ask and last prices, showing declines across sectors as of 2 PM in New York.
New York reports noon prices for American Exchange names with gains and losses. The list ranks biggest movers by net and percentage changes from previous close to today's noon price, excluding securities below $2.
Arizona oriented stocks in the New York Stock Exchange and American Stock Exchange prices are shown. Merrill Lynch Scottsdale provides high low and last values with changes noted for APS ArColLand Gen Semi Newberry and others, though several entries appear garbled or incomplete.
James G. Glasper of Scottsdale president of International Spa Centers was elected secretary of the Association of Physical Fitness Centers board. He founded International Spa Fitness Centers in 1964, a four state 19 facility group headquartered locally. Frank Marra joined Olliver Pilcher as aviation insurance account executive with 31 years in the field and World War II Luke AFB training. He is ex vice president of United States Aviation Underwriters and a Wings Club member. Bob Langevin elected president of the Tower Plaza Merchants Association for 1977 76 year with officers Donna Ballard Twila Hopkins and Bob Barrett and directors John L Holmes Ben Kogan Renate Moussaux Terry Lewis Bill Shapiro Gary Lee. Kenneth Scheiderman named administrator of Scottsdale Educational Center at 7300 E Fourth St focusing on medical careers. he previously led veterans services at Mesa Community College and was a veteran counselor at ASU. J Rance Smith president of J Rance Smith & Association Inc participated in a West Palm Beach insurance forum for life underwriters with over 5 million business and at least 150000 premium. his firm at 2916 N 68th St and Fidelity Union Life of Dallas credited for high business in 1976. Smith and agents Jim Miller Glen Treadaway were top three producers. Jim Carlson owner Shoe Fitter at 7340 Scottsdale Mall and Bob Goodrich owner Shoe World at 5058 W Indian School Rd delivered 410 pairs of shoes to St Vincent de Paul Society in a second annual shoe trade in replacing wearables with a $15 discount on men’s shoes in either store.
New York early advance waned, with the Dow Jones average up more than 3 points in early trading and unchanged at 910.79 by 2 p.m. Gainers led 6 to 5 among NYSE issues as volume reached 14.03 million shares. Analysts cited signs that interest rate rises might be easing.
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