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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Mar 16, 1977
Page
6
New York AP report lists 2 p.m. Dow Jones averages and late stock quotes from the New York Stock Exchange with prices gains and losses across many firms. Notable names include Exxon Motorola General Electric and Coca Cola as traders react to market conditions.
Frederick B. Rentschler named president of Armour International overseeing worldwide sales and marketing. Charles J. Gorman named national sales manager for Scottsdale Registry Resort. Lloyd W. Mason Jr. joins Harris Trust as assistant vice president in Scottsdale. Roger Carrington attends Lutheran Brotherhood sales conference. William Georgantos elected Arizona Greyhound Foundation president. Gene Felker and Glenn Daniel named VP and secretary of ASU Sun Angels and U of A Wildcats. James Trow named treasurer.
Borg-Warner chief James F. Bere told local stockholders at Camelback Inn that 1977 sales could reach 2 billion, citing strong auto and housing markets and energy programs. He noted risks including labor disputes weather inflation and FDA plastic container rulings.
London gold at 147.75 up 1.25 while IMM June gold at 150.70 up 1.00. London May coffee 3.08 down 0.07, cocoa 2.01 down 0.02. Sugar 10.8c, Mar wheat 2.7334 up 0.24, corn 2.544 up 0.134. Soybeans 8.52 up 0.243, meal 234.00 up 7.00, oil 27.05c up 0.45. Live cattle 39.50 up 0.33, hogs 36.42 up 0.17, pork bellies 54.40 up 0.75. May cotton 80.7c up 0.05. Market not closed.
New York stocks rose as a weather setback faded and gains outpaced losses. At 2 p.m. the Dow Jones industrial average stood at 965.84, up .83, with Honeywell data and a strong volume of 14.76 million shares amid a broad market gain. The composite NYSE index rose to 55.45 and the AMEX market value index climbed to 112.26.
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