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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Nov 04, 1974
Page
6
UPI reports 2 PM quotients from the New York Stock Exchange with prices and percent changes for many listed companies including Hercules Hershey Heublein Aetna Hewitt IBM Ampex Citicorp Exxon Pfizer Philip Morris General Electric and other major stocks reflecting daily market movements.
A dense OCR of company names and price-like figures shows numerous tickers from American Exchange firms with varied percentages and numbers. The legible items include names such as RCA Corp, Texaco, Tex Instr, Schlumberger, Shell, and US Steel amid scattered ratios and values.
Russia ordered up to 500000 tons of sugar in the open market, signaling a tighter supply as Cuba’s crop shortfalls and a lean beet harvest push prices higher. Brokers note large price gaps between package sizes while retail figures show a five pound bag yielding lower per pound costs. The rise frustrates housewives and strains sugar dependent businesses.
Attorney David R. Frazer will discuss the income tax effects of dissolution in a Law of Family Relations class at Scottsdale Community College. The 7:20 p.m. talk in Room B-161 will cover maintenance and child support, lump sum settlements, child support trusts, dependency exemptions, head of household status, amended decrees, and property transfers including transfers to trusts.
News from New York reports a coal industry breakdown and looming nationwide strike as prices fall on the NYSE. Dow dips 11.34 to 653.94 with 820 declines to 329 advances. volume around 5.19 million shares. Coal issues slide, rails and oils drop, while Xerox and Wurlitzer remain active amid earnings shifts.
The Dow Jones averages show declines in the industrials and transports sectors while utilities rise and the overall index slips. At 2 p.m. EST the Dow value stands around 654.02 with transports at 150.84 and industrials down 11.26 points, utilities up 0.16, and the broader stocks at 209.53, down 3.03.
London gold 169.75 up 1.50. silver 4.83 up 12.2 cents. platinum 193.50 up 2. Copper 63.4 cents down 0.7. Wheat 5.1575. corn 3.78. soybeans 8.44 up 0.20. Live cattle 39.57 down 0.15. live hogs 43.65 up 0.50. fresh eggs 58.25 down 0.70. Pork bellies 63.27 down 1.18. Maine potatoes 5.55 unchanged. cotton 44.60 up 1. Plywood 106.10 down 2.10.
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