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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 07, 1976
Page
5
NYSE late prices show broad declines with the Dow Jones Industrial Average at 957.78 down 1.91 as traders monitor AmEx, AT&T, General Electric and many blue chips. The day’s quotes list gains for some names like Amoco and Exxon while others such as American Motors and Chrysler show losses amid varied market activity.
New York stock averages drift lower as the government reports a larger than expected 0.9 percent rise in the wholesale price index for September. The Dow Jones average stands at 957.78, down 1.91, with volume at 13.58 million shares midafternoon.
London gold at 115.30 unchanged while Dec gold at 115.60 falls 1. Woz Dec silver 4.27 and ten down 3-5. Dec copper 62. down .3. Dec wheat 2.97 and up 2. Dec corn 2.75 up 3/4. Nov soybeans 6.57 up 8c. Dec soybean meal 188.20 up 4.90. Dec soybean oil 21.38 down .07. Dec live cattle 39.95 up 0.80. Dec live hogs 34.02 up 1.47. Feb pork bellies 53.90 up 2.00. Dec fresh eggs 63.35 up 2. Dec plywood 163.80 up .90. Dec cotton 82.78 up 1.98. Mar sugar 0.33 up 0.18.
Trading on the New York Exchange shows varied results with numerous listed instruments displaying small gains and losses. Analysts note indecision amid fluctuating oil and energy shares as investors weigh potential economic signals.
William G. Norris of Control Data Corp argues that expanding trade with the Soviet Union would rapidly and cheaply bring U.S. technology, create jobs, curb inflation, and improve health care. He promotes exchanging technology rather than selling finished goods and urges addressing societal priorities through beneficial trade.
Nancy Lay named fashion coordinator for Broadway’s four Phoenix stores. She will lead in store and community fashion events and offers lectures for schools and clubs. Lay, Valley resident since 1970, has 10 years in commercial art and a BFA from Moore College of Art. She succeeds Judy Jacobs who relocated to San Francisco.
Honeywell Information Systems received the Arizona FEA Energy Efficiency Award for 四 facilities cutting energy use by at least 30 percent in a year. The Deer Valley, Camelback Road, Indian School Road, and Apache Street locations saved more than 39 million kilowatt hours, enough to power 5,000 Phoenix households for a year.
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