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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 20, 1977
Page
6
Dow Jones indices drifted lower at 2 p.m. on the New York Stock Exchange with the Industrials at 811.76 down 0.44, Transports 204.03 down 1.17, Utilities 110.95 down 0.46 and the overall Stocks index 278.87 down 0.71 amid widespread declines across major issues and prominent names such as IBM and AT&T showing losses.
An October 20 1977 Scottsdale Daily Progress page lists numerous company names with percent figures across categories, reflecting market shares or stock data. The fragmentary OCR reads many brand and retailer entries such as Jostens Kroger Kellogg McDaid Texaco and Parked percent values, without a clear single event or narrative.
National prices for American Stock Exchange issues are shown with columns for high low last and change. Stocks such as AegisCap AllegAir AtlasCp AutmRad and ChampHo display varying gains and losses reflecting market activity.
A dense table fragment lists multiple company acronyms with percentages, counts, and ratios. It appears to compare performance metrics for firms like HuskyO, ImpOWA, Incotrm, LatyAd, and others across several columns, showing percentages around 2% to 50% and various totals. The OCR text is fragmented and lacks coherent narrative.
The New York Stock Exchange and American Stock Exchange show mixed movers on Thursday with several issues listing gains and losses by percent change. Notable upturns include Wilshire Oil and Koehing while downturns feature Monsanto and Fotomat, with prices above two dollars.
Today’s closing quotations show London gold at 159.90 dollars per ounce down 1.90, December coffee 150.00 down 7.82, December cocoa 171.00 up .60, March sugar 8.27, IMM December gold 162.70 up 2.50, December silver 4839 up .048, December copper 54.80 up 20, December wheat 2.474 unchanged, December corn 2.04 and a quarter down .02, December soybeans 5.09 down .0, December soybean oil 17.45 down .33, December soybean meal 139.70 down 1.20, December live cattle 41.27 up .62, December live hogs 38.55 down .20, February pork bellies 47.32 down .10, December cotton 52.32 down .20. Market not closed.
Merritt Lynch Scottsdale lists stock quotes for Arizona headquartered firms and major state facilities. Prices for AZL Res, APS, Newberry, Patagonia, and SWForind show varied highs lows and last values with minor changes noted.
Stocks such as Talley and Mae A remain unchanged while several banks and utilities move on light volume. Ariz Bank and Valley Nat Bank show fractional gains as Over the Counter bids edge higher. Major names like Anheuser Busch and Southwest Gas trade with small upticks amid a cautious trading day.
The AP report examines under spending in fiscal 1977 with estimates at 404 to 406 billion but actual outlays around 403 billion. Merrill Lynch Economics links underspending to overestimates of ability, slow program start dates, and weaker demand for services across defense labor NASA and veterans programs. Critics fear a repeat of this fiscal misallocation.
The Clotherie owners Jackson and Carole La Baer announce Greg Eveloff as assistant store manager and Theodora Foglietta-Silverstein as a new management team member. Eveloff is an Arizona State University marketing graduate and fourth generation merchandiser with early experience at Marcus Department Store in Council Bluffs. Dr. Daniel Glassman opens a chiropractic office at 7737 E Indian School Rd with hours 8 to 5:30 weekdays and 9 to noon Saturday. he is 31 and a Northwestern Chiropractic College graduate who formerly studied chemistry at Miami Dade and the University of Miami. He is Israeli-born and has served in the army. his memberships include the American Chiropractic Association and Temple Har Zion. Marriott's Camelback Inn at 5402 E. Lincoln Drive earns AAA Five-Diamond status for superior facilities and service. Craig K. Harris of Caywood-Soderquist Insurance Agency earns the Chartered Life Underwriter designation with Massachusetts Mutual Life Insurance Co. and represents multiple clients.
Foglietta-Silverstein is the new assistant manager of the women’s department replacing Toady Walton who left for New York. She studied at Cabrini College and the University of Pennsylvania and earned a degree from the University of Geneva in Switzerland. Previously she worked at WDVR radio in Philadelphia and the American College of Monaco in Monte Carlo. The Clotherie Ltd a contemporary fashion store at 7051 E Fifth Ave specializes in European imports for men and women.
In New York the stock market opened with selling but steadied as afternoon trading progressed. The Dow Jones average fell 0.44 to 811.76 by 2 p.m. with declines ahead of advances on NYSE issues. Volume reached 13.76 million shares as analysts cited slower GNP growth of 3.8 percent in Q3 after inflation adjustment.
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