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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Sep 26, 1974
Page
7
UPI reports New York Stock Exchange closing figures with numerous stocks showing varied gains and losses. The list includes Ford, Gannett, Exxon, CocaCola, IBM, and many others with prices, highs, lows, and percentage changes reflecting a broad market snapshot.
Paine Webber Jackson Curtis urges immediate action then a broad long range program of fiscal and monetary belt tightening. The firm notes that Congress in an election year may resist significant austerity measures.
Closing quotations from Madda Trading include London gold 145.40 down 0.80, copper 63.60 down 0.04, wheat 4.73 up 0.12, commodities like copper and soybeans rising, live cattle 39.25 down 1.00, hogs 37.85 down 1.22, cotton 47.65 down 0.25, pork bellies 66.90 up 1.50, and plywood 60 down 5.70.
Dow Jones averages finish with declines across major groups. The industrials dip to 637.98, down 11.97, transports fall to 133.78 off 3.29, utilities at 56.00 down 0.10, and the average for 65 stocks at 77197.31, down 3.51. Trading volume totals 9.06 million shares.
New York exchange listing shows selected stocks from the American Stock Exchange. The report highlights notable shares and market activity on the trading floor.
AR Scott Jackson becomes Phoenix Chapter president of the National Association of Industrial Parks. He also serves as vice president for Phoenix operations at the C.W. Jackson Company, builder of HoHokam Industrial Park in Tempe and three other Phoenix area parks. T. Patrick Nacol joins as corporate vice president for Baca Grande Colorado. Eileen Bailey opens a Scottsdale public relations firm after roles at Spot-lite Magazine and Promotional Planners. Eugene C. Stegman of Scottsdale earns a SWIGSBIE degree with merit from SMU. Lennart H. Walin of Scottsdale named Westinghouse regional real estate financing manager for ten western states. Six area agents join New York Life’s 1974 Star Club. a San Diego conference is planned. CSE Insurance cuts auto rates about 10 percent in Arizona. Joseph Borsodi named Compute Inc production manager for tax-season needs. Jim Lanker attends an American Motors executive meeting in Bermuda. Lynne Cook appointed escrow officer for Commonwealth Land Title in Phoenix. John S. Cook announces life awards and escrow responsibilities at major title insurer.
The Dow fell 11.89 points to 638.08 as trading on the New York Stock Exchange remained light. The broader index declined about 1.09 with more declines than advances and total volume near 6.9 million shares, roughly half of Wednesday's activity.
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