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Scottsdale Progress in Scottsdale, Arizona

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

May 17, 1974

Page

5

Grain markets steady as rains aid futures, silver volatile

Wheat corn and soybean futures halted declines after short covering as heavy Midwest rains supported prices. Livestock futures recovered from earlier losses amid relief over weak demand and a stalled independent trucker strike. A seven state cattle on feed report showed 10 percent fewer cattle on feed as of May 1 with April feed up 1 percent. Silver remained volatile amid global political and inflation concerns with a 50 cent per ounce trading range. Domestic silver stocks rose nearly 2 million ounces to 95.5 million.

Midwest U.S Canada France Germany Mideast

Corporate profits rise but driven by inventory gains

The Commerce Department reported U S corporations posted a $12.7 billion first quarter profit rise after a $1.6 billion slide last quarter. The gain rests on a sharp inventory value increase, and excluding it, profits would have fallen.

Washington UPI Commerce Department U.S

Tower Plaza Merchants Elect New Officers for Year

The Tower Plaza Merchants Association selects officers and new directors for the coming year. Re elected president Robert W. Holland of Jewelart. vice president treasurer W W Stevenson of Valley National Bank. secretary Twila Hopkins. New directors include Joe Porter, J E Montgomery, Burt Eisner, Tammy's, Frank McCaslin, Bill Levin Newberry's, Harvey Baker, Lawson Jewelers, Jim Wilke, Diana's Card & Camera, John Holmes of Tower Plaza Investments.

Tower Plaza Merchants Association Robert W. Holland Jewelart W.W. Stevenson The Valley National Bank Twila Hopkins Joe Porter J.E. Montgomery Penney’s Burt Eisner Tammy's Frank McCaslin Candles _ of Phoenix Bill * Levin Newberry's Harvey—Baker Lawson Jewelers Jim Wilke Diana’s Card & Camera John Holmes Tower Plaza Investments

NYSE Close: Selected Stocks Mixed Amid Small Gains and Losses

UPI reports closing quotations on the New York Stock Exchange show mixed results with specific listings like Aetna Life, Allied Chemical, AmCan, Exxon, CocaCola and Boeing fluctuating. The data table lists price changes, percentages, and notable volume shifts across numerous sectors and companies.

Blackout of Trading on American Exchange Lists Wide Market Picks

New York report shows selective stocks on the American Exchange closing with varied gains and losses. Highlights include Petro, Croda, PacGas, and Textron among many names with percent moves and close figures, reflecting a broad market mix.

Inflation slowdown signs noted by Manufacturers Hanover Trust

New York based Manufacturers Hanover Trust Co in its Financial Digest reports signs of a slowing inflation spiral. A drop in commodities prices and a cooling wholesale uptrend reduce upward price pressure with labor costs remaining the final potential driver. The bank argues higher wage costs could bolster purchasing power and, if past trends repeat, lift sales and support productivity to offset wage pressures.

New York UPI Hanover Trust Co

Johnson named VNB area manager in Scottsdale moves

Valley National Bank announces Johnson will oversee Scottsdale operations replacing Dennerline who moves to Metropolitan Division. In related shifts Ruff becomes Scottsdale marketing VP and Plaza Office manager. Gaffney adds Scott manager duties. Thomas becomes Scottsdale Main Office VP replacing Chase who moves to Phoenix Indian Central Office.

Roy J. Johnson Valley National Bank Scottsdale Dan P. Thomas Bradley Ronald R. Chase Chase Indian Central Phoenix Johnson Valley Bank 44Th Street Camelback Road VNB Board of Directors Michael W. Hard VNB James B. Mayer Lyle Dean Wurtz Bank Hard 21St Avenue-McDowell Road Wurtz

Dow Jones Averages End Lower on Broad Decline

The Dow Jones industrial average closed at 819.84, down 16.50. The transports slipped to 166.36, off 2.40, utilities 75.57, down 0.06, and the 30-stock index 249.08, down 4.00. Sales totaled 13.87 million shares.

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Commodity closes mixed on commodities market

Gold rose to 165 while July silver fell to 5.86 Reuters quotes London prices show mixed moves across metals and grains. Copper soybeans cattle hogs eggs potatoes cocoa coffee plywood vary by contract while market activity continues.

London Maine

Also Mentioned on This Page

Commodity Report Plaza New York Stock Exchange Aetna Life AligLud Ye Aytg Pwi AlliedSt Alcos Am Airlines AMT &E Apeco Corp Atlas Corp Avco Corp BakerOi I Bangor Bendix Besiguet BethSt Va Black&o BaoiseCas Léla Borden Borg Wblat BrisPet BrGrup Brunswk Bucyrus Budd Co TdealBasic Tb JohnMv John&Jn JonLogn Janes L Jostens JoyMfg Kaiser al Kcsoin Kan GE KanNeb Kayser Kopper Xresge Kroger LearSleg Lehl Pic Lehn Lof Libby McNl Lockheed LoewCp Sone Sind Wonestg WA TY. Corp Lucky St Luken Lyke Valke TATA American Exchange American Stock Exchange Set Vo MacMill Macy Marcor Marter Isteve Massey MayerOs Maytag Mico Ree Yonim Wse Win & Mel Nabisco Iwie Inaust OfinCorp Omarkin Wall Street American Reliable—Insurance Company Summit Home Insurance James E. Murphy Desert Vista Rd Paradise Valley Murphy American Reliable Summit Home American ‘Reliable California Valley National Bank of Arizona Board of Directors Barbara Rader Tower Plaza Shopping 38Th Street Thomas Road Tower Plaza Fountain of the Sun Mesa Los Arcos Mall Chris S. Neal E. Davenport Allstate Insurance Companies Neil Bachman Neal Allstate Menlo Park Calif Bud Bailey Avalon Drive Spain Bailey Sentry Insurance Stevens Point Wisconsin James W. Drees Ohio National Life Insurance Co Arizona Life .Underwriters Association Dennerline Thomas Dow. Jones Fred Schaffer Bacher & Co. Inc John D. Knox Toode Camelback Rd Salle Nce Januat Scottsdale Stationers Underwood Olivetta First Ave Pima Plaza Scottsdale Progress E. Earll SamAndy Joan Bennett R.O
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