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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Sep 14, 1976
Page
6
The 2 PM stock quotations show broad activity across major sectors with notable figures in utilities, industrials, and transport. Key names include Exxon, General Electric, Dow components, American Telephone, and Coca Cola among others with varied last prices and percent changes, reflecting a busy trading session in New York.
The Dow Jones industrial average fell 3.90 to 979.39 as trading slowed to 10.33 million shares. Ford and the United Auto Workers faced a near deadline with little chance of agreement, prompting concern that a strike could hinder economic momentum.
Today's closing commodity price quotations show London gold at 111.00 dollars per ounce, down 3.00. IMM December gold at 110.90, down 3.90. Silver 4.20 and 5/10 dollars per ounce, down 0.28. Copper 66.1 cents per pound, down 1.4 cents. Wheat 3.17 dollars per bushel, down 1.44. Corn 2.88, down 3. Soybeans 6.96, limit down 0.20. Soybean meal 189.80, down 8.20. Soybean oil 23.73 cents per pound, down 0.04. Cattle 40.22, down 0.40. Live hogs 35.12, down 0.35. Pork bellies 54.92, down 0.73. Eggs 60.3 cents a dozen, down 1.9. Plywood 164.40, down 5.40. Cotton 77.41 cents per pound, down 2. Sugar 9.49 cents per pound, down 0.03.
Teske becomes senior executive vice president of Garrett and heads AiResearch Manufacturing in Phoenix after leading the Los Angeles division. Parsons of Scottsdale receives division patent attorney promotion for Motorola's Government Electronics Division with duties across patents and copyrights. Ten Scottsdale agents join New York Life's Star Club and attend a Yosemite conference. banking student Thomas Tope attends the University of Wisconsin Graduate School of Banking session.
The New York Stock Exchange notes individual investors supply about 75 percent of public orders yet fear rising institutional activity. It warns that when institutions dominate, price gaps widen, urging more public participation to stabilize trading. Official data show declines in individual shareholders from 30.8 million in 1970 to 25.3 million in 1975 and rising institutional ownership.
The Phoenix chapter of the Institute of Internal Auditors will hold its first meeting of the chapter year at the Los Olivos Hotel on McDowell Road. Dinner at 6:30 p.m. features Dr. Glenn V. Henderson and Melvin Hernandez from ASU. A 5 p.m. pre meeting seminar will show the institute film Discover Internal Auditing A Dynamic Profession.
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