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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Mar 08, 1974
Page
5
Prices for May wheat May corn and May soybeans posted mixed changes while April live cattle and May silver moved higher despite prior declines. Reports note traders eye a potential peak after big moves and await USDA acreage forecasts due next Thursday.
Allan Brown named general manager of the SunBurst Hotel at 4925 N Scottsdale Rd. Brown, affiliated 10 years with Atlas Hotels, previously led Hacienda Hotel and Casino in Las Vegas. Atlas owns SunBurst plus several San Diego area hotels. Kenneth J. O’Neill named regional manager of Prudential Property and Casualty Insurance Western Regional Service Office in Scottsdale. O’Neill comes from corporate personnel director role with 18 years at the company. Martin D. Vogt, reassigned to GM of Financial Security Program Office of Prudential in Phoenix. Richard A. Fishel promoted to personnel manager Service Office. Robert N. May, Phoenix sales rep for Johnson and Johnson Health Care, wins company sales honors with a London vacation prize. Marriott’s Camelback Inn names Williams to replace Hobbs as catering director. Williams rises through hotel dining ranks since 1968. Gregory J. Patterson of Scottsdale promoted to assistant manager at Valley National Bank Tower Plaza Office after a tenure starting as a management trainee in 1969.
NYSE closing quotations show varied results across sectors with banks, oils, and blue chips posting gains and others retreating. Notable shifts include AmGen, Exxon, CocaCola with mixed end of day levels amid broad price ranges and occasional volume spikes.
Selected stocks on the American Exchange close show diverse readings with Petro and many industry names, including Brascan, Creole, CrwCP, FordC, Textron, and Xerox Cp. Pricing shifts and percentages indicate gains and losses across multiple firms, reflecting a broad market snapshot from the era.
Dow Jones averages rose with the industrials up 9.00 to 878.05 and transports 0.62 higher at 195.45. Utilities gained 0.09 to 93.65 while the broader 65-stock index climbed 1.95 to 279.25 as trading volume reached 16.21 million shares.
W E Hatton & Co says the market may not be forming a bull trend but bears are aging. They note cash waiting for bullish news could soften pessimism and forecast 1974 as a year of churning with bouts of strength and weakness. Wright Investors Service advocates a fully invested equity stance as prices trend upward to quarter end and year end.
Readable entries include Circle K No. 17 at 8201 E McDowell Rd Drinkwater's Package Liquors at 8140 E Indian School Rd Bashas on Scottsdale Rd at Shea and others in the Phoenix area. Names of locations indicate a directory-like listing of stores and addresses.
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