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Scottsdale Progress in Scottsdale, Arizona

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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

Sep 09, 1976

Page

5

Dow Jones 2 p.m. stock averages slide on declines

NYSE quotes show Dow Jones Industrial Average at 986.12 down 6.82, with Trans index 218.93 off 1.10 and Utilities 95.25 down 0.03 amid broad market trading. Late prices list numerous issues with mixed highs, lows, and last trade figures reflecting a cautious session.

Dow Jones falls as 1000 level again eludes market

Stock prices declined as the Dow Jones industrial average failed to top 1000 for a third time. The 2 PM Dow stood at 9 986.12, down 6.82, with NYSE losers leading gainers 5 3 and light trading at 11.22 million shares. Florida Power & Light led volume while Cook Industries rose on possible privatization talks. NYSE composite fell to 55.72 and Amex index rose to 102.83.

New York Stock Exchange Florida Power & Light Cook Industries American Stock Exchange NYSE Amex

Scottsdale Retail Stocks Show Broad Activity in 1976

Readable sections indicate diverse company listings across sectors with varied performance. Notable entries include FordM, GenMills, Kellogg, PanAm Air, PepsiCo and Houston area firms. data shows prices, volume, and percentage changes amid a sprawling market snapshot.

Commodity Closings From Madda Trading Co

London gold 112.50 up 1.50. IMM Sept gold 114.00 up 2.30. Oct silver 4.313 down 1.5. Oct platinum 159.20 up .70. Sept copper 68.6 down .2. Sept wheat 3.22 up .03. Sept corn 2.79 4 down .04. Sept soybeans 7.34 4 up .05. Oct live cattle 40.27 down .35. Oct live hogs 38.77 down .68. Feb pork bellies 58.50 up .50. Sept fresh eggs 41.8 down .10. May Maine potatoes 7.52 down .02. Sept plywood 164.10 up 1.60. Oct cotton .7595 up .55. Oct sugar 6.49 down .09.

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Market technicians cite bears as lead indicator for future trends

Investment advisers face split outlooks as bearish sentiment grows to 13 percent, Merrill Lynch notes, signaling potential bull revival for energy stocks. Analysts from Paine Webber and Smith Barney discuss stock picks and tax switching strategies, while Fidelity launches the first no load municipal bond fund. The Treasury plans book entry for short term bills in 1977.

Helen L. Call Copley News Service Merrill Lynch Pierce Fenner Smith North Slope Loeb, Rhoades Exxon Atlantic Richfield Standard Oil of Ohio Paine Webber Jackson and Curtis Caterpillar Citicorp Disney General Electric IBM Sohio Texas Instruments C.lt First Charter Financial Freeport Minerals Heublein Motorola Skyline Warner Communications Pepsi-Co Zenith RCA Monsanto Union Carbide Eastman , Kodak Minnesota Standard Oil Indiana Ional Cork Masonite Fidelity Management and Research Fidelity Municipal Bond Fund Treasury Department

Oil Offshore Leasing Draws Investment Opportunities

Wall Street observers note Anthony Tabell avoids clear bear or bull bias, adopting a balanced mugwump stance in a conference with Tabell's Market Letter. Roger Spear Jr. highlights Atlantic offshore leasing as a catalyst for oil energy investments and broader opportunities.

Tabell Anthony Tabell Merrill Lynch Roger Spear Jr Atlantic

U S Sues Paradise Inn Owner Over Back Wages

The U S Labor Department filed suit in Phoenix to recover 28710 dollars in unpaid minimum wages and overtime for 174 Paradise Inn employees at 6150 E Camelback Rd. The complaint seeks an injunction and liquidated damages equal to the unpaid wages. John Breen supervised the wage hour investigation in Phoenix.

U.S. Labor Department King Cotton Greensboro Corp Paradise Inn East Phoenix U.S. District Court Phoenix E. Camelback Rd Labor Department John Breen The Employment Standards Administration

Scottsdale adviser forms seed capital pool for small businesses

Scottsdale registered investment advisor David L. Markstein leads clients to form tight corporations to supply seed capital for small ventures. Investors act as limited partners with liability limited to their investment while management sits with the general partner. Losses in early years may be tax deductible for limited partners.

Scottsdale David L. Markstein E. Vista Drive Markstein Arizona

Also Mentioned on This Page

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