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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
May 09, 1974
Page
6
A dense OCR list shows closing quotations for numerous stocks on the New York Stock Exchange including names like Alcoa Amex and Dow components. Prices, highs and lows are rendered with scattered percent figures and misreads, reflecting a market snapshot of the day.
The Dow Jones Industrial Average closes at 865.77 up 14.78 points, the transportation average adds 1.40 to 174.33, and the 65-stock index rises 1. - The market breadth shows 14.71 million shares traded.
Fraser Management Associates of Burlington Vermont cautions that stocks focus on bad news despite solid first quarter results. If prices discount future pessimism, a slow rise could occur as upcoming events turn positive and potentially trigger a strong buying stampede by institutions and individuals.
New York based American Exchange shows a list of selected stocks with varied daily highs and lows as traders digest mixed signals. Several names such as Petro, Banister, Cirle K and Dome Petro display modest gains while others err, reflecting a choppy market with no clear leader.
Commodity closings list price quotes from Fred Schaffer of Bache & Co. Led gold at 145.50 up 6.0, copper 1.313 down 0.21, July corn 2.5544 down 0.25, soybeans 5.39 down 0.10, cattle 42.30 up 1.40, hogs 31.10 up 0.80, eggs 39.35 up 0.30, cocoa 97.65 down 0.04, coffee 74.40 up 0.00, plywood 120.40 up 3.10.
Dr Helen M Ingram director designate of the Institute for Government Research at the University of Arizona argues Arizona must craft its own energy plan. She says the state's unique lifestyle and energy needs differ from national solutions and that local informed information is required to address energy shortages and obligations to the nation.
A Scottsdale newspaper column argues Arizona faces intense energy development pressure from federal policy and industry. It warns of a resource colony risk, notes shortages of essentials, and urges a state energy strategy and explicit land use choices to protect lifestyle and environment.
Scottsdale Public Library hosts a noon luncheon on May 16 at 12:15 p m in the Library Auditorium. Staff will present business reference sources including Moody s service Dun and Bradstreet handbooks Prentice Hall tax guides and periodicals such as The Wall Street Journal Barron s Financial World Dan s Review and Fortune. Reservations close May 13 at the Reference Desk 3839 Civic Center Plaza Scottsdale.
Bargain buying among glamour and blue chips spurred a modest rally on the New York Stock Exchange. The Dow Jones rose 13.68 to 864.67 while the S&P 500 gained 1.22 to 92.86 as traders waited for Federal Reserve signals and weighed rising costs from Dow Chemical.
Keith L. Turley president of Arizona Public Service Company will headline the premier Business Leaders Luncheon hosted by the Greater Phoenix Alumni Chapter and the ASU College of Business Administration Alumni Association. The event at Applegate's 4701 N 16th St includes an 11:30 social hour and a discussion on energy updates with Dr William Huizingh introduced by him. Reservations at $5 per person available at the ASU Alumni Center.
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