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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Mar 17, 1977
Page
5
AP reports stronger economic activity and a rebound in industrial output after a severe winter fueling a split between conservatives and liberals over Washington’s stimulus plan. Some see the pause as temporary. others warn of lasting damage and push to shrink or end the program.
Business economists debate whether inflation will stay within five to six percent as stimulus persists. Some see long term gains from fiscal measures to revitalize industry, while others warn tax rebates and job programs will spark inflation even as employment and spending rise. The core dispute centers on how close the economy is to capacity.
The Progress corrects two photos from Wednesday's business page identifying Frederick B. Rentschler and Lloyd W. Mason Jr. Rentschler, at 5945 E. Sage, is named president of Armour International. Mason joins Harris Trust and Savings Bank Chicago as assistant vice president in the trust department office at 6710 E Camelback Rd.
The first Town Hall of Business will be held April 1 at Tempe Fiesta Inn from 2 30 p m to 5 p m under the Valley National Bank chair Gil Bradley. Dr Clarence Walton author of Management as a Drama of the Mind will keynote with panelists from Dial Pharmaceutical Don Campbell Greyhound ASU and NAU among others. Dr Richard Bessom of ASU says the event aims to connect business leaders with students.
Dow Jones industrials at 963.68 down 4.32. transports 228.09 down 0.29. utilities 106.82 and 65 stocks 313.89 down 0. We list numerous stock prices and daily changes for many companies including AMBAC, AmCan, AT&T, Boeing, Coca Cola, General Electric, and more, reflecting market breadth at New York.
A dense tabulation lists stock tickers, prices, volumes, and percentage changes for numerous companies including GenDyn GenMills Texaco Pills, and NatDist. The data appears as a scanned ledger with multiple entries and percentages, reflecting market movements, trade volumes, and closing figures from March 17 1977.
AP reports the NYSE stocks and warrants showing the biggest gains and losses by percent change for Thursday. Excludes below two dollars. notes noon price versus prior close. Notable movers include Cabot Cab and Mays JW with substantial gains, while Jantzen Inc Horizon Cp Bendix and others fall.
The Dow Jones average fell 4.32 to 963.68 by mid afternoon as volume reached 13.49 million on the NYSE. Losers led gainers 7-5 while Asarco advanced 1 percent to 21 percent on blocks of trades. The Big Board composite index dropped .15 to 55.35. AMEX rose .22 to 112.61.
London gold at 149.00 up 1.25 per oz. London May coffee 3.15 up 7c Ib. London May cocoa 2.09 up 8c Ib. IMM June gold 152.00 up 1.30 oz. Apr. silver 4.87 down 1 2/10c oz. May copper 0.718 up 9/10c Ib. Mar. wheat 2.72 down 1c bushel. May cotton 0.7990 down 0.51c Ib. Market not closed. Classified ads offer extra money.
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