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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Nov 07, 1975
Page
5
The Associated Press lists a late afternoon snapshot of stock quotes from the New York Stock Exchange. Prices, percent changes, and notable movements for major companies are shown, reflecting market activity and daily fluctuations across several sectors.
London gold at 144.25 dollars per ounce down 1.75. Dec gold 146.20 up 0.20. Dec silver 4.51 and 4/5 up 6.4 cents. Jan platinum 150.90 up .90. Dec copper 54.8 cents down .2. Dec wheat 3.704 down 2.5 cents. Dec corn 2.734 down 2 cents. Nov soybeans 4.954 up 2 cents. Dec live cattle 44.90 up 88 cents. Dec live hogs 54.20 down 55 cents. Feb pork bellies 85.35 up 3.5 cents. Dec fresh eggs 49.75 down 0.4. May Maine potatoes 11.468 down 0.0. Nov plywood 138.00 up 2.10. Dec cotton 52.08 down 0.9. Mar sugar 14.75 down 0.17. Market not closed on above items.
Mardian Construction appoints John L. Vise as treasurer. Vise joined the firm in 1970 after serving as Fry’s controller and treasurer in Phoenix. Ed Moses Scottsdale Chrysler-Plymouth hires Al Lauwers from Detroit as new car salesman. Kitchell Contractors promotes Carl F. Naegeli to VP administrative services. Arizona Osteopathic Medical Group opens new offices with four doctors. George J. Morrison of Mesa named Continental Bank operations officer following ASU education and prior roles.
Copley News Service reports persistent weakness in major banks stocks as analysts gauge losses from bad loans to REITs, airlines, and municipalities. Third quarter earnings look weak though accounting treatment blurs the picture. Among regions, New York money centers show mixed gains while Southeast and non New York banks face larger declines.
IBM chairman Frank T. Cary says the company is politically neutral in apartheid South Africa. He argues business is separate from government and that IBM should not use its influence to change political systems, though it will withdraw if racial discrimination contradicts core values. IBM employs 125 black workers and notes some progress in non managerial roles.
Arizona Florida New Mexico and Texas prosecutors and investigators agreed that real estate swindles in the four states are by the same developers. Names of individuals and companies are withheld due to pending prosecutions. The Dallas meeting was the first face-to-face gathering of top anti fraud officials from the four states with several federal agency reps. Arizona was represented by Attorney General Bruce Babbitt and staff and Deputy Real Estate Commissioner Victor David.
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