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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 30, 1974
Page
6
The New York Stock Exchange listing shows mixed angles with several major names including AmAirlines AmCan AmCyan and AmSmit moving in varied ranges. Investors track gains and losses across industries as prices, highs, lows and last trades appear in the 2 p.m. quotations, reflecting broad trading alongside utilities, tech and manufacturing firms.
Broad market tone improves with AMEX and OTC leading while Dow Industrials lag as big institutions liquidate on rallies. Report notes some smarter buyers stepping in and lists varied stock quotes from major firms and indices.
Interim Dow Jones averages show gains with the Industrials up 17.83 to 677.17, Transports 153.20 up 4.64, Utilities 68.06 up 0.29, and Stocks 214.41 rising 5.20 as volume reaches 14,790,000 shares.
Max Haechler shifts Fiat and British car lines into a 70 000 square foot facility at 6900 block of McDowell Road in Scottsdale. Fiat sales surge after relocation with new jobs and improved service, while October launches include a Halloween yellow sale on Fiat models.
New York markets opened with a slow start but moved sharply higher in active trading. The Dow Jones rose 7.20 to 666.54 near noon after yesterday’s 25.50 gain, driven by hopes for lower oil prices, a coal contract settlement, and short-covering. Advances led declines 742 to 366 among 1,509 issues. oil stocks led gains amid talk of Saudi price cuts, a rumor officials denied.
Motorola to buy Hunt Chemical Corp subject to board and stockholder approval. Each Hunt Chemical share would exchange for .525 Motorola shares. Hunt Chemical to operate as Motorola subsidiary with HQ in Palisades Park New Jersey. Hunt Chemical is a leading maker of platemaking, reprographic and photographic chemicals.
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