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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
May 17, 1977
Page
6
The Associated Press reports a volatile New York Stock Exchange with mixed performance across sectors. Industrial and utility indices show modest declines while some blue chips register small gains amid fluctuating quotes and routine market totals.
Readable stock table rows listing company tickers, prices, and percent changes across multiple sectors. Names include Kroger, Loews, Nabisco, Ponce, Puglia, and Texaco with varied daily movements. Data shows percentages of gains and losses and volume-like figures amid overall mixed market activity.
Prices for London gold and several futures varied with gains in London May coffee May sugar and live cattle while July corn soybeans soybean meal and oil moved. July pork bellies hogs cotton and other market items show mixed changes as the market remained open.
Noon prices from the American Stock Exchange show mixed gains and losses across various issues with notable movements in several named stocks. The report lists last prices and percentage changes, including entries for Dow inds and other listed firms, reflecting overall trading activity.
Fragmentary OCR notes mention a course held annually with a single instance this year. Details are unclear but imply a community event linked to a local measure or tradition.
At the annual meeting 1500 officers and staff received special grants while executives’ pay, bonuses, and below market stock purchases inflated corporate income to over a million dollars for some. Shareholders question dividends omitted in 1975 and potential penalties for excessive perks. Armand Hammer defended legal fees paid by the company in good faith as part of a broader compensation bundle that included club memberships cars suites and expense accounts. The SEC review decision is pending.
John R. Welty of Motorola was named vice chairman of the Phoenix Metro office of the National Alliance of Businessmen. He will work with Norman Feldman of Honeywell to develop job opportunities for youth and adults including veterans and ex-offenders. Roderick J. O Connor joined Motorola Government Electronics as marketing manager for international and domestic markets. Dennis J. Samsa of Metropolitan Life participated in a three day conference after reaching more than 1 million dollars in life insurance protections for clients. Maricopa County Employees Federal Credit Union earned an NC UA Thrift Honor Award for 3.8 percent monthly savings growth and had 5244 members with 5 369 531 dollars saved as of March 31.
Thomas J. Kenney of 6606 E Keim Drive has been appointed local claims manager for The Hartford Insurance Group in Phoenix. A St Ambrose College graduate, he joined The Hartford in 1967 and has served as claims supervisor since 1973.
The Arizona chapter of the Risk and Insurance Management Society will meet at 7 p.m. Wednesday in the Mirage Room of the Camelback Sahara Motor Hotel at 502 West. Sete a Milne will be served at 5:30. Ron Judd, executive director of the society, will present on Society Activities.
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