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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
May 03, 1977
Page
6
AP analysis shows pensions face a gender longevity gap as women live longer and enter work more. Experts warn unisex rates raise costs or cut benefits, while tailored rates may require higher contributions and spark equality debates.
Dow Jones 2 p.m. averages show Industrial at 934.87 up 3.65, Transportation 237.34 up 2.00, Utilities 110.11 up 0.77, and the overall index at 313.05 up 1.75 with late national prices for NYSE issues across many stocks and sectors.
London gold quotes at 147.50 and 147.90 for IMM June. May coffee 2.49 up 6. May cocoa 1.91 down. May sugar 3/10c down. May wheat 2.54 down 3c. May corn 2.48 down. May soybeans 10.40 up 45c. May soybean meal 292.00 up 11.50. May soybean oil 30.7c up 1.27. May copper 64.4c down 2c. Live cattle 45.72 down 8c. Live hogs 44.45 down 5c. Pork bellies 61.65 down 7c. Cotton 77.2c up .55. Market not closed.
American Exchange of New York highlights selected national prices with columns for high low last and change across many stocks. The report includes numbers for Armanco Beverly Branch Hamilton and others with varying percentage changes and price levels, summarizing daily activity on the exchange.
A Frost & Sullivan study projects U S credit card fraud losses reaching 6 to 10 billion dollars by 1986 with counterfeit cards capable of $10 000 purchases before detection. The report warns banks face up to a 20 percent drop in profits from counterfeiting controls while consumers shoulder higher costs.
New York stocks rose broadly with the Dow up 3.65 to 934.87 as gains outpaced losses two to one at mid-afternoon. Big Board volume reached 15.19 million shares while analysts cited market steadiness and Fed credit-tightening signals from Arthur Burns to explain the rally.
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