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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Mar 20, 1974
Page
5
Readable New York Stock Exchange close list shows numerous companies with bid ask ranges and percentage changes. Notable entries include Admiral Corp Am Can Amex AmT Tt and Exxon among others, reflecting broad market activity and varied price movement across sectors.
In Nashville Tennessee the House defeated a proposal to levy a state sales tax on advertising in newspapers with circulations of 50 000 or more. Rep. Tommy Powell of Memphis argued newspapers should be taxed like any other business.
American Exchange stocks closed with a mixed tone as several issues posted modest gains while others slipped. Strong performers included Dome Petro and Frontier Air, while several energy and industrial names showed fractional moves amid thin trading.
May silver at 5.67 up 2 percent. Platinum 228.50 up 10 dollars. May copper 1.212 up 1 cent. May corn 2.984 down 8. cents per bushel. May wheat 4.79 down 16 cents. May soybeans 6.32 down 10 cents. Apr cattle 43.15 up 53 cents. Apr hogs 32.50 down 17 cents. Apr eggs 48.25 up 30 cents. May Maine potatoes 14.45 up 25 cents. May cocoa 76.20 up 70 cents. May coffee 74.30 up 1.12 cents. May plywood 153.50 down 90 cents per thousand sq ft.
The Dow Jones industrial average rose 5.32 points to 872.89 at 3 p.m. with volume of 11.5 million shares. Transport and utility indices advanced, while the broader 65 stock group stood at 576.76 up 1.46.
Management Compensation Services expands Project 150 a nationwide executive pay study for manufacturing firms with 25 to 150 million in annual sales. The effort, led by Clifford Alexander from Scottsdale, aims for about 100 subscribing companies and reports on top management pay trends across industry and company size. Data remain confidential and subscribers gain annual reports and an all participants meeting.
Russell D. Hulse, vice president of resource planning at Arizona Public Service, will speak at the Central District meeting of Arizona Press Women at noon Thursday in the Phoenix Press Club. He has worked for APS over 20 years and will discuss the energy crisis, its current effects and future outlook, followed by a question and answer period.
Phoenix Chapter No 43 of the American Society of Women Accountants celebrates its 19th anniversary Thursday at the Cornucopia in Phoenix. A 6 30 social hour and 7 p m dinner precede a business session. Speaker Mrs Susan Donaldson CPA discusses the accountant s role in economic stabilization. Past presidents and charter members will be honored.
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