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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Sep 28, 1976
Page
5
AP reports late national prices from the New York Stock Exchange with Dow Jones Industrial Average near 1003.91 down 9.22 and a wide list of individual issues showing last, high, low and percent changes for trades recapped at 2 p.m.
In New York the Dow Jones average shed 9.22 points to 1 003.91 after four hours of trading. The Commerce Department reported a 1.5 percent drop in its leading economic indicators for August, rekindling investor fears about economic strength.
National price movements reflect varied performance among listed companies on the American Stock Exchange. Strong names include Atlas and Exxon peers while several energy and tech firms post modest gains or declines amid shifting market demand.
London gold at 116.75 down 1.00 per oz. MM Dec gold 116.30 down 1.40. Silver 4.367/10 down 6-3/10. Platinum 165.90 down 2.10. Copper 63.3 cents down 2.5. Wheat 3.01 down 1. Corn 2.715 up 1.44. Soybeans 4.41 up 4. Soybean meal 179.20 up 40. Soybean oil 21.72 up .17. Live cattle 38.77 up 32. Hog 33.45 up 23. Pork bellies 50.57. Fresh eggs 60.4 up .65. December futures mixed across grains metals and livestock.
The Frontier Town shopping center at the southeast corner of Thomas and Scottsdale Roads will undergo a Western style remodeling. The city's Development Review Board approved plans for a tile roof and a complete facelift of the store fronts last week.
Scottsdale merchants plan Discover Fifth Avenue with Thursday 9 p.m. openings starting Oct. 7. An art exhibit by local elementary students runs Oct. 7 through Oct. 11, plus swordplay and street performances by the Arizona Society for the Preservation of Creative Anachronisms.
The market moves toward income stocks as economy softens, with utilities and AT&T leading gains. Fund managers favor telephone and electric utilities amid expected lower inflation and flat to rising rates. Goldman Sachs and Bank of America express cautious but optimistic views, noting stronger insurance and S&L earnings and an eventual housing rebound.
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