Commodity Report Sees Downtrends For Grain And Metals
Futures for wheat corn and soybeans slipped after a rally as planting weather and export demand remained only fair. Livestock futures stayed under pressure amid high slaughter, while silver traded wide ranges and rebounded after profit taking. Cocoa rose above 1 per pound as trade reports show a growing supply deficit. Planting progress for new crop corn in Illinois and Iowa outpaced last year, and the winter wheat crop remains mostly good except Texas dryland. The prospect of a record 1974 wheat crop prompted millers to cut domestic flour prices.
MENTIONED IN THIS ARTICLE
Fred Schaffer
Bacher& Co. Inc
Illinois
Iowa
Texas
Ironrite to Acquire Superferrite Plant in Arizona
Donald Swanson president of Ironite Products Co., Inc., announced the acquisition of the Superferrite facility at Humboldt Arizona from Shattuck Dean Mining Corp. The deal gives Ironite a patent and manufacturing position in the agricultural mineral field and is expected to yield economies of scale and new market opportunities.
MENTIONED IN THIS ARTICLE
Donald Swanson
Scottsdale
Ironite Products Co., Inc
Humboldt, Ariz
Shattuck Dean Mining Corp
Swanson
NYSE closes with mixed readings on selected stocks
Close of New York Stock Exchange shows varied results across industries as investors weigh air, chemical, and consumer names. Notable entries include Air Products, Alcoa, American Airlines, Coca Cola, IBM, Exxon, General Electric, and Union Carbide among others with fractional to multi percent changes.
Commodity closings summarize a mixed day in metals and grains
London gold at 168 dollars down 1.02. May silver 5.59 down 0.02. July platinum 237 down 0.50. May copper 1.39 up 0.02. May corn 2.61 down 0.08. May wheat 3.65 down 0.10. May soybeans 5.37 down 0.11. June live cattle 42.10 down 0.87. June live hogs 30.72 down 1.58. June fresh eggs 36.40 down 1.60. May Maine potatoes 14.40 down 0.11. May cocoa 11.30 down 0.20. May coffee 0.70 down 0.80. May plywood 123 down 0.50.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
AlcanAl
Qta
Va Alcoa
AmHes
Am Airlines
Ve AmBrest
Ameicpw
AmHom
Ametcx
AmMet
AmStad
Amt&t
Ampex Cp
Jose
Amstar
Apeco Corp
Armcos
Ve ‘Baker Oll
Bangor Pn
Ve- Bath Ind
Bell Hwl
Bendix
Benguet Cn
Black&d
Boeing
Boisecas
Borden
Borg
Bourns-Inc
Braniff Intl
Briggss
BrGrup
Budd Co
Ye Bulova W
Va Bunker R
CaterTr
CBS
CerroCorp
Cessna
CocaCol
Colgate
ComSolv
IDV
Cox Brd
Crane Co
Curtiss
Cyprus
Danac
Dayco
Deere
del Mat
Delta Air
Ye Dennisn
Diebold
Disney W
Dresser
Duke P
DuPont
EascoCo
Eastern Air
Elpasng Ig
Emer el
Excello
Exxon
Faberge
Farah Mig
Ferrocorp
Firestone
Fleming
Flintkot
Food
Freptm
Va Fruettus
GAC Corp
GAF Cp
Gannett
Gen'‘Dynamo
GenMill
GenMet
Gpubut
Steel Ind
Ga Pac
Gerber Pd
Getty
Gillette
Goodric
GoodyrTir
le Grace
Grant W
Vo GiWsFin
Sim
Gryhd
Va Rumn
Ulf ON -Wwe
Gulf&Ws
Harrahs
Harris
U— Va
Hercules
Hobart C
Howards
Howmet
Iil Pwr
Imperial
IBM Cp
bVat Ve Intl Mining
E— I
T&t
John&Jn
Jones
Jostens
Va Kaiser al
Kcsoln
Kange
Kayser R
Va Kennecot
Kerr Mc
Kidde.w
Kim
Littin
Lockheed
Va Ltv Corp
Lucky St
Luken Stl
Marcor
McCroy
McDond
McGr&d
McGrai
McLean
Mead Cp
Merck
Mm&m
Ve Mobile
Morisco
Monsan
Va Morrsk
Motorola
MurpCo
Nabisco
Nortons
OgdenCp
Ohip Ed
Oklage
Oklang
Ve OlinCorp
Omarkin
BO OM OM Or Ackl
Otis el
Owenill
PacPetr
Pan Am Air
Pfizer
PhilaEl
Philip M
PhilPot
Pillsbry
Pitney
Proc&g
Pse&g
QuakOat
1Va Ralston
Raython
RCA Corp
Wa— RepStl
Va Revion
Safewy
Schering
ScottPap
Ye Sears
SheliQil
Sierra Pc
Ve SignalCo
Singerc
Smithkline
SouthCo
SoPacif
So Rail
Rand
Squard
Va Tandy
UN Elec
Unocal
UN Pac
Uniroyal
UidAirers
Oid
UnCorp
US Indus
Ya US Steel
US Teb
UniTe
UnivsOi
Upiohn
Utah
Utahpl
VendoCo
Va Vetco
Victorcc
Walgreen
WarLam
Wstndr
WsBanc
WuUnion
Westg el
Wstvac
Weyrhas
WhetPitt Sd
W— Whitpool
Whit Con
Whittakr Cp
Va Wickes
Xerox
ZaleCorp
Zayre Corp
London
Maine
Scottsdale Daily Progress Business Brief May 3 1974
Scottsdale business section item outlines market activity and local commerce news for May 3 1974 with brief notes on firms, prices, and economic indicators.
MENTIONED IN THIS ARTICLE
Scottsdale (Az
Daily Progress
Stocks Decline on Quiet NYSE Trading Amid Rate Hikes
Stocks fell on the New York Stock Exchange under profit taking and rising interest rate expectations. The Dow dropped 56.71 to 845.35 as Standard & Poor’s 600 index slid 0.81 to 91.28 with more issues losing value than gaining. Volume was about 11 million shares versus 13.6 million the day before.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
Standard& Poor
Four win publicity awards for local firms and personnel
Four local public relations professionals earned national awards in the 28th Achievement Awards by Los Angeles Advertising Women. Melissa Moore Randy Bailey and Joanne Ralston of Joanne Patton Ralston & Association plus Ardelle Coleman of Valley National Bank received three awards for First Federal Savings regional publicity CC&F local campaign and VNB brochure copywriting. Awards were presented at Beverly Wilshire Hotel by Steve Allen and Lee Meriwether.
MENTIONED IN THIS ARTICLE
First Federal Savings & Loan, Association
Cabot
Cabot & Forbes
Valley National Bank
Los Angeles
Advertising Women, Inc
Melissa Moore
Randy Bailey
Joanne Ralston
Joanne Patton
You and Your Money Dividends Q and A
A dividend is a distribution to shareholders from investment capital not requiring surrender of shares. Dividends can be cash stock or other property but are usually cash. Dividends may take 45 to 60 days to arrive due to board declarations shareholder identifications share counts and mailings. Reasons for stock rather than cash include cash conservation and potential future drain if more shares are issued. The NYSE notes a distribution is not a stock split unless more than 25 percent additional shares are given. Time is a valuable asset.
MENTIONED IN THIS ARTICLE
Judith G. Rhoades Q
F.L
Rome
N.Y
J.R
Arcadia
Ca. A
New York Stock Exchange
Cactus Capers Travel Agent Promotion Opens May 15
Scottsdale Chamber of Commerce invites 600 travel agents from around the world to visit in May for the Cactus Capers program. Guests will tour hotels and recreation, enjoy a May 18 desert brunch hosted by Governor Jack Williams, with stagecoach and haywagon rides. Bud Brooks notes seven years of success in boosting year round business. Airlines plus 15 hotels, restaurants, and two rental firms support the effort to spur summer travel.
MENTIONED IN THIS ARTICLE
Scottsdale Chamber of Commerce
Scottsdale
Jack Williams
Main Street
Cookout
Bud Brooks
Chamber of Commerce
Scottsdale Area
Brooks
Ireland
Egypt
Portugal
Switzerland
Okinawa
Canada
Spain
Rome
Paris
London
Hong Kong
Chamber
Valley
Delta
American
Western
Hughes Air West
Trans World Airlines
Frontier
Continental
American Exchange Stock Listings Reported From New York
New York reports on selected stocks at the American Stock Exchange as trading details and prices are noted by market reporters.
Market Upswing Fueled by Rate Peak Hopes and Inflation Decline
E F Hutton says rates near peak and lower farm prices may curb inflation, sparking a dramatic market rally as many investors stay sidelined. Wright Investors' Service warns restrictive policy could slow production and raise deficits, but expects a return to normal conditions in six months.
MENTIONED IN THIS ARTICLE
New York
UPI
E. F. Hutton & Co
Federal’Reserve Board
Bridgeport, Con
W. E. Hutton & Co
Dow Jones Averages Close Mixed Amid Broad Declines
Trading halted by a broad market slide as the Dow Jones industrial average fell 5.16 points to a drop of 845.90 with sectors including transportation and utilities showing losses while total shares traded reached 11.08 million.
MENTIONED IN THIS ARTICLE
Dow Jones
Candy industry convention kicks off in Arizona Safari
The Arizona Candy and Tobacco Association and the Arizona Association of Tobacco and Candy Distributors opened their ninth annual convention at the Safari Hotel Convention Center. About 300 attendees join seminars and exhibits from over 200 manufacturers plus a golf tournament and Ladies Day tours. Notable speakers include William E. Dearden of Hershey, Rep Jack Kemp, Joe Robbie, and Rep John Rhodes.
MENTIONED IN THIS ARTICLE
Arizona Candy & Tobacco Association, Inc
Arizona Association of Tobacco & Candy Distributors, Inc
Safari Hotel Convention Center
Carefree
Scottsdale
Arizona
William E. Dearden
Hershey Foods Corporation
Hershey
U.S
Jack Kemp
New York
San Diego Chargers
Buffalo Bills
Joe Robbie
Miami Dolphins
John Rhodes
House
Also Mentioned on This Page
Commodity Report
Commission House
Bache & Co. Inc
A.P
Theophrastus
American Exchange
The
American Stock Exchange
Petro
Dixlyn Corp
Dome Petro
Fischer Pt
Kaiserl
Lee Natl Cp
LoewsTh
Va McCulloh
OKC Corp
Pneumo
Sambos
Statham Ins
ATG AB Vo
Ms Vikoa . Incor
Wall Street Charter
Wright _Investors
Candy Distributors Open
SamAndy
Joan Bennett
P.O
Phoenix
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