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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Cerrocorp
Cessna
Chris Craft
COX
Curtiss
Cyprus
Danac
Ye DiamiSh
Disney W
DistitSea
Dresser
Duke P
Va— Ve —de Pont
Dugnel
EascaCo
Eastern Air
EaSaCo
Emer el
Excello
Va Exxon
Faberge
Wis
D —Fleming
FMC Cp
Ford Mo
GAC Corp
Gannett
Gn_ AG
Se SA Meic
Steel Ind
G Tire
N —M Getty
Yas Grumn
Gulf &i
Va Guifstu
Gulf&Ws
Va Harrise
Hilton Hil
Hobart
Hollins
Honywil
Sadao P
Va— Carriath
Crw CP
Dixlyn Corp
Dome Petro
Feimat
Va Finc
Byz
Fischer Pt
Ve Frontier al
Ve. Gen Cine
Dat
OKC
Ushi Solitron
SoundCp
Statham Ins
STP Cp
Utah Ser
Vikoa Incor
Yates Indus
Pot&t
Pan’Am Air
Panhandie
Chableq Penn
Va Penney
PennDix
Pennpl
Pennzoil
PepsiCo
Wa Phizer
Proc&g
PurexCo
Va Ralston
Rapid Am
Raython
RCA Corp
Rockwell
St Regis
Sander Asso
Ye Schering
Schlumb
Sears
Shell
Wawn
Sp Rand
Tv2 SterlBrg
Stewen
Ea Studew
Sunshine
Vwvet
Tgp
Tandy Corp
Ia Teledyne
VO Transam
UAL Inc
Unocal
UN Pac
Unitroyal
UtdAirers
Ee UnCorp
US Indus
Stecel
Tob
UniTel
Me UnivsOll
Upjohn
Utah
Varlan
VendoCa
SIA Vetco
Wunion
Wsivac
Weyrhas
Whittaki Cp
Wickes
Xerox
Zale Corp
Zayre Corp
Zenith
Dow Jones
Indus
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.
MENTIONED IN THIS ARTICLE
London
Maine
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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