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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 05, 1977
Page
6
AP Business Analyst John Cunniff says August orders for machine tools revived after June decline and the Leading Economic Indicators moved to plus. He notes strengthening capital spending plans and building permits and warns against overoptimism amid persistent Wall Street gloom and global headwinds.
A theoretical investor purchasing a single premium immediate Swiss franc annuity in 1970 shows growing dollar income as the Swiss franc appreciates after 1972. By 1977 the annual U.S. dollar value rose from 10000 to 19091, illustrating inflation-beating potential. ASSUREX, S.A. in Zurich provided the figures.
The Creative Management Institute will hold a two day seminar on supervision and management at the Sheraton-Scottsdale Inn October 19 and 20. Topics include leadership organization recruitment and supervisory techniques. Registration is 225 dollars with discounts for multiple registrations and includes luncheon refreshments and seminar materials. A certificate of completion will be issued. For information contact P.O. Box 2028 Scottsdale 85252.
Body Works, an exercise studio for men and women over 14, opens at 7120 E Indian School Rd offering yoga and mixed disco dancing classes. Starter series costs 125 for 10 classes, next 12 classes 100, with private sessions available. Head of instruction is Nann, former model who taught PE for Elizabeth Arden in Beverly Hills. Gloria Hope Sher, president, heads the Juvenile Diabetes Foundation in Phoenix and with husband Louis operates cinema chains and produced Shenandoah. they reside in Paradise Valley and New York.
The Dow Jones average fell 2.43 to 839.57 by 2 P.M. as trading remained slow. Losers led gainers 6 to 5 on the NYSE with 12.79 million shares traded. Wells Fargo hiked its prime rate from 7.0 to 7.5 percent, signaling more bank rate increases ahead.
The AP reports the New York Stock Exchange movers with notable gains and losses for Wednesday. Ups include Century, Halo, and GTI Com among others, while notable downs feature Fabien Co and Atlas CM. Shares traded above $2 are included with last price and daily change.
Late quotations show London gold at 155.10 dollars per ounce down 0.15. Dec. coffee 155.257 down 3.72 per pound. cocoa 184.00 down 3.50 per pound. sugar 8.74 up 0.42 per pound. various IMM, silver, copper, grains, soybeans, livestock, and cotton prices with minor changes. Market not closed.
Arizona based stocks shown include APS Newberry We WW Patagonia TV TMA Talley Ye TGRE WestFin Valley Nat. Bank Anheuser Busch Bayless Mkts Southwest Gas Gen Semi and more with bid, ask, and last trade figures from the Scottsdale Merrill Lynch office.
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