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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 04, 1976
Page
5
The piece notes that the July September deficit may be billions lower than expected, existing home improvements boost employment, more Americans are at work despite unemployment concerns, and inflation has eased to about 6 percent. It cautions that public nerves and bank savings to wait can trigger a self fulfilling downturn.
The Dow Jones 2 p.m. averages show Industrials 976.98 down 2.91, Transports 214.37 down 0.73, Utilities 97.94 up 0.20, and the composite Stocks 307.27 down 0.72. The report also catalogs selected late national prices for NYSE issues with bid, ask, and last prices across numerous companies.
The Dow Jones industrial average fell 2.91 points to 976.98 as part of a continued decline after last week’s drop. The NYSE saw 65 more issues fall than rise with light trading on Yom Kippur, while government data and a purchasing executives survey underscored cautious business sentiment and slower growth. S.S. Kresge led activity, dropping to 39.95 after a 74,700 share block traded. The NYSE composite slipped to 55.60 and the AMEX down to 101.41.
London gold 114.00 down .75 oz IMM Dec gold 113.80 down 2.30 oz Dec silver 4.435 down 1.60c oz Jan platinum 164.50 down 1.40 02 Dec copper 65c up .7c Dec wheat 2.894 up 5.4c Dec corn 2.69% up 5c Nov soybeans 6.40 limit up 20c bushel Dec soybean meat 181.80 up 6.10 Ton Dec soybean oil 21.48c up .53c fb Dec live cattle 37.40 up 13c cwt Dec five hogs 32.00 down 47c cw Feb pork bellies 52.40 up 1.63 cwt Dec fresh eggs 58.65c down .4c doz Nov plywood 164.40 down 50c thousand Dec cotton 81.2c up .3c Ib Mar sugar 9.12c up .2c ib.
Mixed national prices on the American Exchange show widespread declines with several major issues trading lower. Investors monitor bank and energy shares amid a volatile session as the AP reports broad weakness across multiple sectors.
The August-September Arizona Review says the state's recovery is strong and may be outpacing the nation, but warns rising prices could dampen growth and spark inflation. It notes more positives than negatives while cautioning comparisons to last year when the recession bottom was reached.
NFIB members warn insurance costs threaten small manufacturers. A Seattle logging vehicle maker details premiums rising from 1,150 in 1947 to 40,500 in 1976 amid no prior suit, calling for relief as rates climb 500 to over 2000 percent. Arizona NFIB lists 345 manufacturers employing 9,562.
The Independent Insurance Agents of Arizona ITAA will host its 42nd annual convention at the Marriott Hotel in Tucson Wednesday through Friday. Representatives from more than 200 member agencies will attend three days of general sessions covering industry systems procedures problems and solutions led by Executive Vice President Robert L. Jackson.
The Navy awarded Motorola's Government Electronics Division a 1.2 million dollar contract to design develop and fabricate master communications control units for satellite communications. The units support the Demand Assigned Multiple Access program enabling channel requests and reducing ship board interference. Work will be performed at the Scottsdale facility with existing staff under James R. Lincicome.
One hundred twenty five Arizonans were chosen for the 29th Arizona Town Hall at Grand Canyon October 10 to 13. Six Scottsdale area residents are among the participants, drawn from business labor education and other fields. They will form five panels, discuss Arizona's economy, and on the final day contribute to a conference report. Local participants include Jerrye Champion Pete Corpstein Robert P Cowie Michael Marusich William E Rigel and James Skelly.
The remark asks about expected recovery duration for a jury to consider after an injury. It seeks a rough timeframe rather than medical specifics and may depend on injury type, treatment, and individual healing.
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