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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Nov 09, 1977
Page
8
NYSE at 2 pm shows Dow Jones industrials at 813.76 down 2.51, trans at 206.08 down 0.44, utilities 109.07 up 0.36 as a broad cross section of stocks post mixed afternoon moves. The list includes many firms with varied percent changes and notable names such as Gannett, Gillette, Goodyear, and PepsiCo reflecting sector breadth.
Selected late national prices for New York Stock Exchange issues show mixed results with many names advancing. Notable movers include Boeing, IBM, Exxon, and AT&T, while Arco and Ampex showed notable activity as market indices shifted.
The American Exchange in New York lists varied price movements across numerous issuers with notable highs and lows. Investors monitor shifts in multiple sectors as listed equities register mixed performance and changing last prices.
Today's late quotations show gains in gold at 167.20 per ounce and cocoa at 157.95 per pound, with silver at 4.981 and cotton at 50.40 per pound. Other items include coffee 161.53 a pound, sugar 8.22 a pound, dec wheat 2.467%4 a bushel, dec corn 2.21 a bushel, nov soybeans 5.88 a bushel, dec soybean oil 18.83 a pound, dec soybean meal 165.80 a ton, and livestock figures for live cattle 40.40 a cwt and live hogs 38.72 a cwt. Market not closed.
Arizona firms show a mixed trading picture with several banks and utilities listed. notable figures include Valley National Bank at about 19 percent, Southwest Gas around 10 percent, and Arizona Public Service near 20 percent with varied last prices and little trading in some over the counter issues.
Investor writer argues for a gauge using the Dow Jones Industrial Average to indicate when to move out of stocks and when to reenter. He notes the Dow’s rise to 1 000 and fall to 570, and claims the gauge would have boosted returns by 40.3 percent plus dividends and interest if followed. Next week promises guidance on building and using the gauge.
Joan Jones assumes ownership of Avenue Secretarial Service at 4821 N Scottsdale Rd Valley National Bank Plaza after 10 years of operation. The firm provides secretarial work and handles press materials and promotional projects for individuals and small businesses.
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