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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 31, 1974
Page
7
A scanned market page lists selected New York Stock Exchange quotes with each issuer’s last price high and low figures. Names include major companies such as CocaCola Colgate Boeing and Exxon, showing varied daily movements and percentage changes across numerous stocks.
Wiesenberger Services Inc says the bear market still has distance to run and could push the Dow Jones Industrial Average toward the 500 525 area. The firm expects a market turnaround by year end.
New York API reports mixed results across listings with notable movers including AmPetrofl Austral Oil Buttes Gas and Dome Petro showing gains while several firms such as Creole and Frontier Air post modest moves. Trading activity remains varied as investors weigh earnings and sector signals amid volatile sessions.
Interim Dow Jones figures show gains across indices with industrials up 6.57 to 679.60, transports up 1.08 to 194.36, utilities up 0.42 to 68.51, and stocks up 1.80 to 215.47. The report tracks performance at 2 p.m. EST.
An all day Friday workshop in Phoenix offers individual counseling and presentations on small business topics. Speakers include Jim Oeser on forms of ownership, John Dingley on bookkeeping and taxes, Bill Haugen on financial sources, Bill Beal on insurance, Mary Ellis on SBA help, Ardelle Coleman Whitehead and Albn McKee on advertising and SCORE, with Duane Brickner also presenting. The session runs 8 15 am to 2 pm in Room 11 at Machan Community School.
A selective buying uplifted prices on the New York Stock Exchange led by oil and chemical issues and some transports. The Dow rose to near 677.64 as volume reached about 7.4 million shares, with 697 advances and 393 declines. Institutional buying and strong names like Halliburton and Getty Oil helped lift oil stocks while J C Penney Sears and others posted gains.
Inflation raises costs and lenders vary. A $1,000 loan over 24 months costs $129.68 at a credit union versus $219.92 at a large bank, savings possible by borrowing slightly more. Stores offer 1.5 percent per month on balances with minimum payments. paying cash remains the economical choice.
Sperry Rand engineers unveil a downwell pumping unit that uses brine energy to lift itself and generate electricity. A 10 inch corrosion resistant pipe houses a mini boiler turbine and pump fed by gravity. Brine is reinjected after heat extraction, reducing surface pollution and equipment corrosion.
Dr. Edmund C. Arnold will keynote the Arizona Business Communicators annual conference at the Camelback Inn on November 8. The day long session focuses on layout and typography with tips for editors and updates for seasoned communicators. Registration forms are available from Sue Ann Bailey at the Salt River Project.
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