This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 26, 1977
Page
7
Merle R. Rawson of Hoover Co. argues floating rates create accounting woes amid global inflation. The North Canton Ohio appliance maker conducts two thirds of its business overseas and seeks stability in international currencies.
The Hoover Company dominates UK markets for vacuums and washing machines but faces currency risk under floating exchange rates. FASB rules require quarterly earnings adjustments for currency changes. Britain’s pound rose from 1.70 to about 1.74, while Mexico and Colombia pose additional challenges. Hoover owns 45 percent of its UK unit and would burden British shareholders if it borrowed in pounds.
Investor counsel outlines why Swiss franc and banking might protect money amid inflation and economic cycles. It argues limited government spending improves national finances and could yield safer, richer returns in coming years.
The speaker compares the U S trade to an annual retail deficit: buying $100,000 in merchandise while selling only $50,000. Prices are out of line, energy shortages and inflation reduce competitiveness, and the United States buys more abroad than it sells.
Local merchants along Mercer Lane Sundown Plaza Scottsdale Road stage the second annual Mercer Lane Madness Jubilee from 10 a.m. to 5 p.m. Saturday to collect dry and canned foods for the Arizona Food Bank. Activities include rock bands clowns a Darth Vader lookalike arts and crafts show a car wash and Star Wars costumes with kids selling items.
The Dow slipped into the 790s mid session but recovered to 804.14 by 2 p.m. amid active trading. Gainers led losers on the NYSE with 15.23 million shares traded. Brokers cited bargain buying and short-covering, though skepticism lingered about a sustained rally after recent losses. The NYSE composite rose to 49.95 and the AMEX market value index gained to 111.40.
Dow Jones and NYSE quotes show 2 p.m. averages across Indus Trans Utilities and Stocks with listed last prices and percent changes. The report lists numerous companies with bid and last prices, highlighting market activity and fluctuations for the period.
The columnist explains that governments may reduce currency value relative to foreign money, a process called devaluation. This lowers foreign buyers’ dollars needed to purchase American goods, effectively reducing prices while preserving domestic dollar receipts. It argues individuals should protect savings and seek personal advantage amid such shifts.
Scottsdale Community College offers two seven week evening noncredit investment courses starting November 3. Each class meets seven Thursday nights at Arcadia High School and Saguaro High School with a $20 fee. Richard Anderson teaches Changing Investments in a Changing World at Arcadia High School and Richard Rogers teaches How to Make Money Make Money at Saguaro High School.
The Phoenix Tax Workshop schedules an all day seminar from 9 a.m. to 5 p.m. Saturday at the Towne House Phoenix on Successful Tax Planning for the Moderately Wealthy Family. Topics include 1977 tax directions, tax shelters under the 1976 act, estate and gift planning, and divorce tax issues. Registration is $50 and includes materials coffee and luncheon. Contact Julius Rubenstein CPA chairman at 3550 N Central Ave Phoenix 85012.
London gold 163.00 up .25 per ounce Dec coffee 160.50 down 1.00 per pound cocoa 172.10 down 5.10 per pound sugar 8.59 up .03 per pound IMM Dec gold 164.20 down 2.30 per ounce Dec silver 4.873 down 5.5 cents per ounce Dec copper 55.70 down 1.10 per pound Dec wheat 2.65 up .05 per bushel Dec corn 2.14 up .03 per bushel Nov soybeans 5.372 up .10 per bushel Dec soybean oil 18.27 up .46 per pound Dec soybean meal 147.10 up 2.40 per ton Dec live cattle 41.60 up .10 per cwt Dec live hogs 39.65 up .42 per cwt Fed pork bellies 49.20 down .12 per cwt Dec cotton 51.25 down .40 per tb Market not closed.
AP notes New York Stock Exchange stocks and warrants with the largest percentage gains and declines for Wednesday. Excludes securities below $2. lists include Comwith Ol, Bayuk Cig, DPF Inc, Unilnd of WH, CarlingOKe among gainers and IntroubGp n it, SavA Stop, Pan Resrch, RepFin Sve, Tea Cp, UnPark Min among decliners with percent changes and last prices.
Merrill Lynch provides Arizona based firm prices listed on the Arizona market and on the New York and American Stock Exchanges. Prices reflect heads office locations or major facilities within Arizona.
Trade highlights show TG E shares at 154 with a 14 percent rise and WestFin up 10 percent with a 10 point move. Market observers cite momentum and sector optimism guiding early gains.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.