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Scottsdale Progress in Scottsdale, Arizona

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Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

Oct 16, 1974

Page

6

NYSE 2 P.M. Quotations Highlight Wide Stock Moves

New York quotes show widespread activity with many issues advancing or declining. Alterations in price span large caps such as Alcoa Alcoa and Exxon while smaller companies like AmCan and IBM display varied shifts, reflecting brisk trading on the floor.

Goldman Sachs predicts second dip in real GNP by year end

Goldman Sachs economists warn that consumer spending and housing will not recover quickly enough to stop a drop in inventory buildup and a slowdown in capital spending. They foresee a pronounced second dip in real GNP late this year or early 1975 after a partial rebound from the oil embargo induced first dip.

Goldman Sachs

Dow Jones Averages Dip At 3 P.M. Interim Decline

The Dow Jones averages retreat by 10.79 points to 647.61 with declines across sectors. Industrial 647.61, Transports 145.39, Utilities 69.18, and Stocks 206.47 show losses as volume hits 12.36 million shares on a slower trading day.

Dow Jones Indus

Commodity Closings From The Market Desk

London gold at 154.25 dollars down 0.75. Oct copper 61.2 cents down 2.8. Dec wheat 5.12 down 0.54. Nov soybeans 8.48 down 0.20. Oct live cattle 41.35 down 0.30. Oct live hogs 41.75 up 1.35. Dec pork bellies 70.30 up 1.30. May Maine potatoes 5.85 down 0.30. Dec cotton 46.30 down 0.38. Nov plywood 98 down 2.07. Prices from Madda Trading Co for CME members.

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Dow Retreats Sharply As Gains Recede On Wall Street

New York stock prices fell broadly in moderate trading on the NYSE with the Dow Jones Industrial Average down 10.09 points to 648.31 near 3 p.m. EDT as declines led 859 stocks lower to 458 advances. turnover about 12.3 million shares. The Dow on Tuesday dropped 15.10 after a prior run of gains, while last week’s blue chip average rose 73.61 points.

NEW York UPI New York Stock Exchange American Stock Exchange Dow

Scottsdale residents receive multiple promotions at The Arizona Bank

John C. Philips becomes manager of the Seventh Street and McDowell Road branch in Tempe after joining in 1970 and completing management training. Raymond A. Hixon is promoted to vice president and manager of the stockyards office, bringing nearly 12 years of prior finance experience from New York. Thomas G. Rumph named trust officer and manager of the Scotts dale trust office, effective after joining in March and serving as assistant trust officer since September. Ed Kofler of Scottsdale joins International Rodeo Management board to help organize the Miss Rodeo America Pageant in Oklahoma City December 3–8 with about 40 contestants. Charlie Rossie Ford installs a talking DOEs parts ordering terminal. Doris Redmon becomes showroom manager for Tri-City Lighting in Mesa. Roy Espe participates in Motorola Science Advisory Board annual meeting in Schaumburg Illinois.

Scottsdale Arizona Bank John C. Philips Tempe Seventh Street McDowell Road Philips Bank Park Central Raymond A. Hixon Hixon New York Thomas G. Rumph Scottsdale Trust Rumph Ed Kofler International Rodeo Management I.R.M Ken Cross 1.R.M Kofler Casper Wyoming Oklahoma City Oklahoma Doris Redmon Tri-City Lighting Co., Inc West Broadway Mesa Redmon Stuart Arizona St. Louis

Motorola reports record third quarter sales and nine month earnings

Motorola Inc. reports record third quarter sales of 348.58 million and third quarter earnings of 44.47 million before tax, 24.05 million after tax, 86 cents per share. Nine months show 1.042 billion in sales and 68.71 million earnings, 2.45 per share. Total nine month earnings 66.53 million, 2.37 per share.

Motorola Motorola Inc Robert W. Galvin Galvin Matsushita Electric Industrial Co. Ltd Japan Arizona Semiconductor Products Scottsdale-headquartered Government Electronics Space Electronics Mariner California Institute of Technology Jet Propulsion Laboratory TRW

Sarnoff to speak at Hilton Scottsdale

Paul Sarnoff investment consultant known for urging all eggs in one basket will speak at 7 30 p m Thursday at the Scottsdale Hilton. He has written 20 books and will discuss put and call options and world commodities trading with emphasis on gold.

Paul Sarnoff Scottsdale Hilton Sarnoff

Also Mentioned on This Page

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