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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 25, 1976
Page
5
Late national prices show many issues with mixed moves on the New York Stock Exchange as Dow Jones averages slip slightly. Volume and gains vary across listed stocks including Coca Cola, Exxon, Ford, General Electric, and Texaco among others.
National price updates show varied moves across many names. Notable lines include Alleghy Airl rising to 20 with 4 percent gain and Austral Oil advancing 13 percent to 17 with strong volume, while Bellind slips to 0.84 and Champ Hom rests near 0.33 with minor changes.
A dense OCR extract shows numerous company names, codes, and percentage figures such as 13 12% 12% and 38 9% across many lines. It reads like a financial or invoicing snippet with scattered percent values and company identifiers.
The Dow Jones average rose 0.33 to 939.08 as the market steadied after an early loss. Losers led gainers 43 to 41 on the NYSE amid extremely light activity of 6.99 million shares by midafternoon. Analysts cited Veterans Day observances for the slow pace.
London gold sits at 116.00 a tone up 0.75 while Dec gold bids 116.80 up 1.00. Dec copper 56.60 down 0.01, Dec wheat 2.0044 down 0.34, soybeans 6.5334 up 0.244, Dec soybean meal 186.70 up 0.40, Dec live cattle 42.35 down 0.70, Dec live hogs 31.22 down 0.30, cotton 81.87 up 1.62, sugar 8.3 up 0.19.
Copley News Service reports the food service sector will hit an 80 billion dollar sales peak, up 11 percent, driven by more dining out and rising prices. Eating and drinking establishments will account for about two thirds of the total, with business travelers and workers fueling growth.
Analysts say Kodak trails rivals in copiers and instant cameras, delaying EK-6 market entry and facing competition from Fuji. They note missed market share in X ray film and microfilm, with 1976 earnings below expectations and the stock valued lower than 1975. Some see Polaroid as a risky but potential buy, while Merrill Lynch remains cautiously optimistic about Kodak's longer term growth.
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