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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jun 21, 1977
Page
6
The New York Stock Exchange noon quotes show a sweeping Dow Jones drop of 983.78 points amid broad losses. Major industrials, transports, and utilities slide while several key names and price movements are listed in the AP noon market snapshot.
Merrill Lynch Scottsdale reports end of day prices on Arizona linked listings with listed stocks including Meta and Newberry. The data shows high, low and last trade values though the OCR text is partially garbled and contains abbreviations and misprints.
An unclear OCR consolidates brief stock moves with Ariz. Bank at 4 percent and Valley Net. Bank at 16 percent. Anheuser Busch shows 68M, Bayless Markets small upticks, Southwest Gas slips 1 percent. Overall quotes reflect uneven trading in nascent over the counter listings.
London gold 141.00 up 1.25 oz. London Jul coffee 1.68 down 4c Ib. London Jul cocoa 2.31 up 6c Ib. IMM Jun gold 141.50 up 50c oz. Jun Silver 64.40 down 5c. Jul copper 61.7c up 0.6c Ib. Jul wheat 82.38% down 4ac bushel. Jul corn 2.265/16 down 5c bushel. Jul soybeans 87.4014 down 30c bushel. Jul soybean meat 199.50 down 10.60 fon. Jul soybean ell 28.40c down tc te. Jun live cattle 40.70 up 25c cwt. Jun live hogs 37.20 down 45c cwt. Jul pork petites 52.65 down 1.05 cw. 2 Jul cotton 8.06c 61.99 lb.
Economists cite first three months total of 14.69 billion for new plant and equipment as sustaining growth. The Conference Board notes a near record outlay, approaching 15.08 billion in 1976, with spillover to satellite industries and American workers amid Carter administration policy questions.
Goodyear and others press for negotiation of more than 1.6 billion dollars in Cuban expropriation claims as U S Cuba trade talks resume. Coca Cola, ITT, and Cascade face large losses and debated compensation while Cuba seeks normalcy and relief from government taxes.
A full day session at Los Olivos Resort Hotels in Phoenix will train pastors treasurers and administrators in church financial accountability. Led by William E. Miller the seminar covers tax planning funds flow stewardship and budget reports with Dr. Charles Smith and Dr. James Boyd as speakers. Registration is 55 per person or 30 for two or more pastors. Further info via Tim Ruffalo at the Center for Management Development.
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