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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
May 04, 1977
Page
7
NY AP stock page reports 2 p.m. Dow Jones indices with mixed readings for industrials, trans. and utilities while many NYSE issues list gains and losses. Selected AP prices reflect late national quotes with numerous company-by-company changes and headline figures.
London gold at 147.75 up 0.25. May coffee 2.57 up 0.06. May cocoa 1.88 down 0.03. IMM June gold 148.10 up 0.02. May silver 4.723 down 0.024. May copper 63.7 down 0.7. May wheat 2.51 down 0.01. May corn 2.43 down 0.24. May soybeans 10.00 down 0.30. May soybean meal 277.50 down 14.70. May soybean oil 30.95 up 0.23. June live cattle 45.32 down 0.40. June live hogs 45.10 up 0.45. May pork bellies 62.30 up 0.65. May cotton 6.05 down 0.65. Market not closed.
The Dow Jones average rose 6.62 to 940.81 by 2 p.m. as gains outweighed a sluggish open. NYSE issues led 7 to 5, with 14.96 million shares exchanged. Analysts awaited Thursday April wholesale price data amid hopes for continued favorable economic news. The NYSE composite index gained 26 to 54.47 and the AMEX value index rose 0.29 to 113.34.
David D. Leland of Phoenix elected executive vice president in charge of the Building Products Group at Southwest Forest Industries. Scottsdale residents David Egeberg and Robert J. Welsh receive promotions at Valley National Bank and Citicorp respectively. Scottsdale’s William L. Hoke Jr. named alumni affairs director and editor for Sigma Phi Epsilon in Richmond.
The 21st annual convention of the Arizona federation of the National Association of Retired Federal Employees runs Monday through May 11 at SunBurst Hotel in Scottsdale. John P. Barron presides. Mike Sophy and John F. McClelland deliver remarks at the Tuesday banquet. Cochairmen include CO.C. Wilson and Mildred L. Eltel. A mixer closes Monday events.
Aardweg and Sauter Agencies win Time Insurance Merit Awards among 488 of 4100 agencies. Five Scottsdale MetLife reps attend Coronado conference for surpassing $1 million life insurance placements. two Camelback managers top 10 percent nationally. P.K. Halstead moves American HQ to Camelview Plaza. Scottsdale Educational Center opens California College for Respiratory Therapy in San Diego with Scripps Hospital cooperation.
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