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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Mar 19, 1975
Page
6
New York stocks fell as traders booked profits and faced weak earnings. The Dow dropped 11.11 to 768.30 with 1 050 declines against 327 advances as 1 745 issues traded and volume eased to 15.3 million shares. Investors also worried a large budget gap could threaten recovery later in the year per William Seidman.
The Scottsdale area chapter of the National Association of Accountants will hold a professional development seminar at the Valley Ho tomorrow from 9 a.m. to 4 p.m. Dr. Stevenson Rowley of Arizona State University will lead the session titled Management Accounting for Business Decisions.
The bank lowers its prime rate from 8 percent to 7 percent effective Thursday. The move affects loans and credit lines tied to the prime rate across its Phoenix operations.
The NYSE shows mixed activity with the Dow Jones Interim Averages down as trading ends at 2 p.m. EDT. Indices such as Industrial, Transport, Utilities, and Stocks display declines, while a vast list of individual stocks and corporate names appear with bid, ask, and last trade figures reflecting broad market movement and liquidity.
Former President Richard M. Nixon has paid his back New York City income tax amounting to 926.13 dollars, sending a 1227.35 dollar check drawn on Bank of America San Clemente branch. Finance Administrator Ivan Irizarry confirmed the settlement on Tuesday.
London gold at 178.00 unchanged. IMM June gold 180.80 up 0.20. Apr silver 4.38 down 0.07. Apr platinum 152.00 up 0.50. May copper 40.7c up 2.1c. May wheat 3.57 up 2.34. May corn 2.86 up 0.04. May soybeans 5.52 up 0.01. Apr live cattle 38.42 up 0.32. Apr five hogs 41.05 up 0.48. May pork bellies 66.15 limit up 1.50. Apr fresh eggs 41.35 up 0.04. May Maine potatoes 3.20 down 0.10. May Plywood 125.40 down 3.80. May cotton 40.98 up 0.33. May sugar 24.43 limit down 0.02.
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