Stocks Dip As Prime Rate Cut Triggers Mixed Market
The Dow rose briefly after Morgan Guaranty lowered its prime rate to 11 percent, then slipped to 650.50 as profit taking set in. The Nasdaq board showed mixed results with the S&P 500 at 67.99 and volume rising on the NYSE amid a $1.3 billion August balance of payments deficit. GAF Corp spurred activity with a large 497,800‑share block at 7.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Stock Exchange
Standard & Poor
American Stock Exchange
Morgan Guaranty Trust Co
Dow Jones
GAF Corp
NYSE Closing Quotations From New York Market Report
Selected NYSE stocks near session close with quotes for Sales Net P E High Low and percent changes. Companies include Air Prod Alcan Alcoa American Airlines Boeing CocaCola and DuPont among many others reflecting market activity and price movements at end of the trading day.
Stock quotes from American Exchange on New York listing
Selected stocks on the American Stock Exchange display opening, high, low, and close figures with changes for companies including Petro Austral Oil Brascan Buttes Gas Carnall Circle K Dome Petro Kaiseran and Yates Indus. The mixed data show varied gains and losses across energy, chemicals, and industrial sectors.
MENTIONED IN THIS ARTICLE
NEW York
API
American Stock Exchange
Deca
Petro
Vo Austral Oil
Brascan
Sas Carnatn
Bove Comb Equip
Crw.cp
Dixlyn Corp
Fischer Pt
Frontier Air
Kaiseran
Commodity Closings Price quotes from Madda Trading
London gold and other commodities close as of Sept with varied moves. Prices listed include copper at 65.70 down 0.04, wheat 4.61 up 0.047, live cattle 40.25 up 0.18, eggs 64.90 down 0.04, plus extensive stock tabulations for numerous firms and indices.
MENTIONED IN THIS ARTICLE
London
Maine
Wall Street Charter Views on Market Outlook
Economists from First National City Bank say stock market trends hinge on future interest rates economic activity corporate profits and monetary policy. They warn that if short term rates climb to new peaks the probability of a sustained rally appears almost zero.
MENTIONED IN THIS ARTICLE
New York
UPI
First National City Bank
Dow Jones Averages See Mixed Close and 17.6M Shares
Dow Jones closing averages show mixed results with the Industrials down 4.15 at 649.95 and Transports up 1.16 to 137.07 while Utilities gain 0.22 to 62.66. Overall stocks fall 0.23 to 200.82 as total sales reach 17.62 million shares.
MENTIONED IN THIS ARTICLE
Gt West UN
Grumn
Gulf&Ws
Harrahs
Harris C
HecaMin
Heinz
Hercules
Hershey
Heublein
Hewitt P
Hilton Hi
Hobart C
Hol Inns
Homstake
Howard
INA
Inexco
Ing
BM Srp
Nd Mining i
Intl Paper
Tnt T&t
Vettek Corprin
Jantzen
Jeff Pilot
Johny
John Bidn
ATA
BOM
JonLogn
Siem Jones L
Jov Mio
Kayserr
A Kencott
Var Luken
Lykes
Marcoline
MayerOs
Maytag
McCroy
McDond
McGrEd
McGr HI
MGM Vib
Midsou
Mme&m
Mohsco
Motorola
MtStTet
MurpCo
Nabisco
PacGas
Penn Cenir
Pullman We
Aatale PurexCp
Ralston
Raython
RCA Corp
gResding Co
Revion
Rey Ind
Gal Met
Va Riviana
Robshaw
Rochg
Rockwell
Rohmh
Rohr Ind
Royal CC
Royld
Safewy
StRegis
Sander Asso
Sang Elc
Va Schering
Schlumb
ScottPap
Sears
Shell Oil
SterraPc
SignalCo
SimusCo
Singerc
Sp Rand
Textron
Thiokol
Thriftyd
Unocal
UN Pac
Uniroyal
UidAlrers
Utd Brands
US Indus
Ussteel
US Tob
UniTet
UnivsOll
Uptohn
Utahu
Utah Pl
UV Indust
Varin
VendoCo
Vetco
Victor CC
Va Elec
Walgreen
WarLam
Whittakr Cp
Dow Jones
Indus
Securities strategy shifts as market adapts to complexity
Economists urge moving from securities management to money management with allocations based on relative value and risk between short and long term, marketable and nonmarketable securities, and domestic versus international obligations. Investors advised to favor defensive growth and steadier earnings as political and economic conditions churn.
MENTIONED IN THIS ARTICLE
Copley News Service
Henry Kaufman
Motorola growth expectations met in Scottsdale and Phoenix divisions
Motorola, Inc. reports Scottsdale Government Electronics Division orders and backlog up over 50 percent from a year ago with full year sales seen up about 10 percent. Phoenix Semiconductor Products Division projected to rise 15 percent. industry sales forecast to grow 12 percent in 1974 and seven percent in 1975. Chairman Robert C. Galvin cited Vietnam war backlog and ongoing demand.
MENTIONED IN THIS ARTICLE
Scottsdale
Phoenix
Motorola, Inc
Robert C. Galvin
Chicago
Galvin
Motorola
PEI Holds 1st Meeting in Phoenix at Arizona Club
The Phoenix Planning Executives Institute chapter opened its season at the Arizona Club with guest speaker Donald Josephs of the Arizona Tax Research Association. Gordon L. Nielsen explained PEI is a nonprofit aiding managerial planning and sharing experiences among members. Philip N. Carter urged executives to join.
MENTIONED IN THIS ARTICLE
Phoenix
Planning Executives Institute
Arizona Club
Donald Josephs
Arizona Tax Research Association
Gordon L. Nielsen
CPA
PEI
Non credit business law course at SCC begins Thursday
Scottsdale Community College offers a four week non credit course on legal problems of small businesses taught by attorney John V. Riggs. The class runs Thursdays 7 to 9 30 p m with a 15 dollar fee.
MENTIONED IN THIS ARTICLE
Scottsdale Community College
Scottsdale
John V. Riggs
Riggs
University_of Arizona
Safford
Tempe
Supreme Court
Renz Refitlings
Darrel F.smith
Shbahepter
Community Service Office
Valley Dinettes opens new eastside Tempe store
Valley Dinettes Bars and Stools expands to 1874 E. Apache Blvd Tempe as the second Phoenix area outlet in under a year. Co owners Marc and John Massaro, longtime furniture veterans from New Haven Conn, say growth potential is tremendous in the Scottsdale Tempe Mesa corridor.
MENTIONED IN THIS ARTICLE
Valley Dinettes, Bars & Stools
Valley
E. Apache Blvd
Tempe
Phoenix
Marc
Massaro
Valley Dinettes
John
Scottsdale-Tempe- Mesa
Massaros
New Haven
Local author David Markstein to speak at SCC small business session
David Markstein, author of Financing a Small Business, will address Scotts dale Community College non credit course Owning and Operating a Small Business. The session is free, meets Tuesday at 7:20 p m in Room D-122, taught by Harvey Turnure. Parking is available in the south lot on Chaparral Road east of Pima Road.
MENTIONED IN THIS ARTICLE
David Markstein
Scottsdale Community College
Markstein
Payroll
Scotts
Dale
D-122
Harvey Turnure
SCC
Chaparral Road
Pima Road
Also Mentioned on This Page
P.E
Hds
We AlcanAl
AlfiedCh
AlliedSt
Allis Cha
Alcoa
AMAX
Me Am Airlines
A' AmBrest
AmCan2
Anacon
Apeco Corp
Armcos
Arms Ck
Anaichi
Atlas
Bell
I Borden
Bost
Bourns Inc
Braniff
Brigss
Bris My
BrGrup
Brunswk
Bucyrus E
Budd Co
Bulova W
CBS
CentTel
CerroCorp
Chris Craft
Cin Gas
Citicorp
Colgate
Col Gas
Vals Curtiss
Cyprus
DanRivr
Anac
Dayco
Deere
del Mat
Delta Air
Dennisn
DetEdis
DiamSh
Diebold
Disney W
YW Dow
Dresser
Duke P
DuPont
BascoCo 403
Eastern Air
Eipascolg
EltraCp Wa
Emer el
Esmark
Ex Cell
Exxon
Ff— Faberge
FairCam
Faircind
Vo Ferrmtf
Farah Mfg
FerraCorp
Firestone
Fipacp
Fleming
Flintkot
Va Ga Steel Ind
Goodric
Gt A&p
American Exchange
STP Cp
Syntex C
Utah Ser
Vikoa Incor
Wyo Bnc
Yates Indus
E Oe Aaa
Madda Trading Company Inc
Chicago Mercantile Exchange
Wall Street Charter
Pati
N. Brown
State Farm
Rex Prishrey
E. McDowell
State Farm Fire and Casualty Company
Bloomington, Wilmots
To. Teeplice
Securities
Andy Catiglione
San Diego Securities, Inc
Houston Light & Power
Moody’s
Southern
California
Edison
Rohr Corp
Wd-40 Co
James L. Fraser
Fraser
Institute
Philip N. Carter
Internal Revenue Service
Camelot Restaurant
E. Indian School Rd
J. Milton Newton, Inc
North Central Avenue ‘Financial Center
Arizona
City Home
Bus, Ph
Pone
St. Petersburg
Tampa
Jacksonville
Ft. Lauderdale
Orlando
Miami
Houston
Jackson
Miss
Tucson
Robert G. MacDonald
International Monetary Y Exchange, Ltd
Small Business
Scottsdale Area
Maoda Trading Company Inc
State
Pmtels
Zip
Madda Trading Company, Inc
East Fourth’ Street
The
Chicago Mercantile Exchariga
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