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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Mar 07, 1977
Page
5
AP reports housing economists raise starts projections despite high rates. By year’s end the median price for a single family home is forecast at 50,000 dollars. Starts may reach 1.8 to 1.9 million, potentially surpassing 2 million for first time since 1973.
Economists Kenneth Thygerson and Dennis Jacobe of the league project single family home completions to exceed 1972’s 1.3 million record, aided by ample money and low down payments. Long term, Realtors expect strong demographic demand though inflation and energy constraints could curb supply and raise prices.
Judith G. Rhoades explains bond ratings liken to school grades. An A rated bond signals higher quality and debt repayment ability but offers lower yield, while BAA rated bonds can be excellent with higher yields yet broader risk. Investors should consider quality and return when choosing between ratings.
New York AP stock roundup shows Dow Jones at 953.37 down 0.09 as 30 Industrials and 65 Stocks indices list mixed gains and declines. Selected NYSE issues include many corporate names with prices, highs, lows and current last trade figures for investors.
A dense list of company names such as Gen Dyn, Gulf Oil, Nabisco, National Dist, and Procter G showing price figures, volumes, and percentages across markets. The OCR segment reads like a long catalog of equities with partial numbers and percent changes, lacking coherent narrative.
Shares of Madison Square Garden Corp jumped about 4 to 9 percent midafternoon after Gulf & Western Industries announced a plan to offer 10 dollars a share for all Garden stock not yet owned. Dow slid 0.09 to 953.37, volume 11.73 million as market shows little life.
London gold at 148.75 dollars an ounce up 3.25. London coffee 3.09 per pound up 18c. London cocoa 2.19 per pound up 12c. Sugar March lic up 0.3c. Silver 4.852 dollars per ounce down 1.2c. Copper 0.686 dollars per pound down 0.4c. Wheat 2.732 dollars per bushel up 0.1c. Corn 2.534 dollars per bushel up 0.1c. Soybeans 8.35 dollars per bushel up 0.18. Soybean meal 236.50 dollars per ton up 4.70. Classified ads offer cash for items.
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