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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 26, 1976

Page

5

Dow Jones 2 p.m. Quotations recount NYSE averages

Dow Jones two o clock averages show Industrials at 945.31 up 7.31 Transports 205.89 up 0.66 Rails 96.56 up 0.32 and an overall stocks index near 297.59 up 1.74. The AP list covers late National prices from the New York Stock Exchange with many named firms and figures showing gains and losses across sectors.

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Market Prices And Stocks Show Mixed Activity In NY

American and international price listings appear with varied gains and losses. Notable names include AtlasCMB Amster Austral Oil CKPet and CircleK amid broad trading activity on the exchange.

Dow Jones Rises 7.31 Amid Light NYSE Volume

The Dow Jones industrials gain 7.31 to 945.31 as one of few higher days after a three-session decline. Gainers outpace losers 5 to 2 on the NYSE with 10.5 million shares traded by midafternoon. Royal Industries jumps 2 percent on Monogram bid. Royal urges rejection and forecasts record earnings. NYSE composite up 0.41 to 53.87. American Exchange up 0.16 to 96.05.

NEW York Royal Industries Monogram Industries Royal Monogram

Commodity Closings From London to Chicago Markets

Closing quotes from Madda Trading Co list London gold at 117.40 up 1.40, IMM Dec gold 118.50 up 1.70, silver 4.16-2/10 down, Dec copper 55.7c down 9, Dec wheat 2.78 per bushel, Dec corn 2.64, soybeans 6.54, meal 185.80 down 0.90, soymeal roll 2.53 up 0.3, live cattle 81.50, hogs 31.45 up 0.23, pork bellies 48.50 up 0.73, eggs 66.85 cents down 0.2, plywood 167.90, cotton 82.22 cents up 0.35, sugar 8.4 cents up 0.1.

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Arizona Bank Promotes Three in Dealer Contract Offices

The Arizona Bank promotes F Cherney and T Semrau to new duties in Phoenix and Scottsdale dealer contract offices. Cherney joined in 1963 and moved from the Camelback-Uptown Plaza office to the Scottsdale office in 1975. Semrau, promoted after a 1974 start as a credit analyst, moved from Phoenix to Scottsdale in 1976. Seeger becomes assistant manager at the 69th Street Camelback Road branch after June 1976 tenure. Hutchinson becomes Marriott regional VP overseeing condominium projects in Washington DC. Sosa becomes vice president of Marriott Essex Towers at Essex House NYC. Loveridge attends the 28th World Book conference in Atlanta with 2,000 World Book branch managers. Carter attends John Hancock conference in Boston for sales achievements. Betz named Smitty’s store development manager after 11 years in retail grocery and management.

F. Val Cherney Scottsdale The Arizona Bank Phoenix Cherney Bank Thomas J. Semrau Semrau Credit Department Michael T. Seeger 69Th Street Camelback Road Seeger Roy L. Hutchinson Marriott Hutchinson Washington, D.C Domingo Sosa Camelback Essex House New York City

Industry advised to raise prices again warns of Carter era

AP analyst Pierre Rinfret urges clients to set a high base profit for 1976 and 1977 amid possible price controls. He recalls 1969 guidance to raise prices faster than rivals and warns politics often trumps facts in economic decisions. He notes 1971 profits favored those who did raise prices.

John Cunniff NEW York Pierre Rinfret Jimmy Carter Rinfret Nixon Carter

Rinfret Warns of Profit Controls Amid Price Policy Shifts

Business Mirror notes Rinfret’s warning that wage and price controls would act as profit controls and urges forewarned actors to prepare. The piece ties industry sentiment to a jump in the Wholesale Price Index and recalls Nixon’s 1971 wage and price freeze and later controls. Rinfret, a Nixon adviser, previously warned against delaying price increases.

Rinfret Richard M. Nixon Nixon

Also Mentioned on This Page

New York Stock Exchange Dow Jones American Exchange Dow NYSE Beardsley Associates 49Th St. Phx Property Management Madda Trading Company, Inc Scottshse Chicago Mercantile Exchange Robert G. Loveridge Via de Corto Field Enterprises Educational Corp Loveridge World Book Atlanta Karen Carter John Hancock Mutual Life Insurance Co Boston Frederick “Fritz” Betz Smitty’s Betz Miami University Oxford Ohio Smitty Scottsdale (Az Daily Progress Business Mirror Calliorafia LA Tierra Estates ST. & Shea Yavapai Service Corporation Switzerland Ariz First National Land Co Arizona Corporation Payson North Suburban Developers, Inc HUD Quantity Limited Luo Oe Unuerens Hughes -Calihan Corporation 16Th ST
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