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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Sep 28, 1977
Page
6
An investment adviser argues inflation erodes savings and outlines a future series on safer ways to grow money. He notes stock and real estate risks amid rising rates and suggests allocating more than a modest amount to savings accounts while seeking higher return with principal safety.
A bold finance column promises to explore leverage and high risk tactics to boost wealth. It hints at exotic insurance annuities, gold bullion access from distant exchanges, and ways to raise rents for income properties.
Zenith Radio Corp plans to transfer television module board and chassis assembly to plants in Mexico and Taiwan, costing about 3500 U.S. jobs next year. The move will trigger layoffs of 600 managers and engineers in Chicago and set off further reductions at Chicago Paris Springfield Sioux City and Watstown plants. Zenith employs roughly 21,000 U.S. hourly workers and 3,000 overseas, with stock dropping after the announcement.
New York stock prices list at 2 p.m. with the Dow Jones industrial average at 839.22 and notable gains across many major issues. The AP summary provides sale and price data for numerous named stocks and volumes, reflecting a broad market snapshot for the day.
The Scottsdale Merrill Lynch office lists stock quotes for Arizona focused firms. Entries include APS with last price 20 and no change, Patagonia at 77 with unchanged, and Newberry at 15 with unchanged. Other lines show partial digits and unclear symbols for several regional companies.
The NYSE style list shows various company symbols with bid and last prices, percent changes, and morning activity. Notable movers include AtlasCM, Brascan, DynAm, and OzarkA with fractional gains, while several others show small drops or flat readings.
Lind Waldock provides late quotes with London gold at 154.00 up 1.60 and Dec coffee at 171.00 up 3.50 per lb. Cocoa 179.75 up 1.70, sugar 8.14 down 0.12, silver 446.80 up 0.80, copper 56.20 up 0.50, wheat 2.484 down 0.244 per bushel, corn 2.004 unchanged, soybeans 5.28 up 0.02, soybean oil 18.86 down 0.21, meal 138.90 up 1.10, live cattle 42.02 up 0.27, live hogs 39.22 down 0.65, pork bellies 49.37 up 0.05, cotton 53.20 up 0.3 per lb.
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