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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Mar 21, 1977
Page
6
The 2 p.m. Dow Jones averages show declines led by Industrials down 3.62 points to 312.93, Transports at 230.62 down 0.73, Utilities 107.11 down 0.41, with a broad listing of NYSE issues and late prices across numerous stocks and equities.
The AP reports the New York Stock Exchange stocks and warrants with the largest percent gains and losses for Monday. Excludes securities below $2. Changes reflect the difference between previous close and today noon price.
A reader asks how to prove stock is worthless for tax loss. The broker letter helps show no public market exists. Transfers between relatives do not create deductible losses. Keogh plans for self employed individuals are allowed with a 1977 deadline.
London gold at 152.00 up 2.50 May coffee 3.24 up 0.04 Ib Cocoa 2.08 down 0.03 Ib Sugar 11.3 up 0.4 Ib IMM gold 155.40 up 2.80 Apr silver 4.99 up 0.052 Ib Copper 72.2 up 0.0 2c May wheat 2.81 up 0.22. corn 2.604 up 0.01 May soybeans 8.74 up 1.84. meal 239.50 up 2.60. oil 29.05 up 0.01 Ib Live cattle 39.30 down 0.37. live hogs 36.22 down 0.23. pork bellies 55.72 up 0.02. cotton 2.4 up 0.72. Market not closed.
The Dow Jones industrial average fell 7.40 to 953.72 as blue chips pulled the market lower in a light trading day. Losers led gainers on the NYSE 7 to 5 with volume at 12.50 million shares. gold stocks climbed modestly while the NYSE composite slipped to 55.13 and the AMEX index dropped 0.09 to 112.37.
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