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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Apr 12, 1975
Page
19
The American Stock Exchange reports a varied week with mixed transactions across many listings. Prices show tentative gains in some sectors while others slip, reflecting uneven activity on the floor as traders weigh corporate news and market signals.
IRS challenges on 1974 returns require receipts or canceled checks. Robert J. Dulsky of Tax Corp. of America urges keeping organized records. Records substantiating claims must be kept at least three years after the due date, with extensions for four years when using income averaging. Maintain W 2 forms and tax returns for Social Security needs and longer for capital assets and business property records. Receipts for itemized deductions like medical, charitable contributions, and loan interest may be discarded after the three year limit.
Stockholders plan pointed inquiries at upcoming annual meetings of large U S companies as earnings lag and dividends fall relative to profits. They expect topics include Western Electric spin off, cumulative voting, senior directors clubs and hefty legal fees, with focus on cash flow, backlogs, and tax strategies.
New York report quotes the executive vice president of the National Association of Recycling Industries as saying recycled products are losing market share to virgin industries. He notes virgin industries handle unused natural products while recycling firms reuse waste paper and old cans.
The 18th edition of Facts and Figures on Government Finance estimates 1975 total expenditures at 555.1 billion, up from 1967 and far above 1940, with per household spending at 7792 dollars. The Tax Foundation notes growing government power and complexity.
The page presents a dense list of stock prices, yields, and trading metrics from the New York Stock Exchange. It names numerous units and entities, showing last prices, highs and lows, yields, and percent changes across varied listings. The dense columns reflect daily market activity with numeric details for many stocks and related instruments.
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