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Scottsdale Progress in Scottsdale, Arizona

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

Aug 05, 1974

Page

5

U S Trade Ties With Latin America Deepen

The Commerce Department notes Latin America bought $9.93 billion in U S goods in 1973 and will exceed $10 billion this year, keeping a roughly $370 million US trade edge. Venezuela shows a strong US presence with petroleum exports and imports, while Brazil Mexico and Venezuela hold growth potential amid rising Latin American imports and US shipments.

Copley News Service Latin America United States U.S U.S. Department of Commerce Venezuela Department of Commerce Brazil Mexico West Germany Asia United ‘States Germany Japan Masict

Finland’s Valmet to unveil shallow draft oil tanker

Finland’s Valmet shipyard will launch the world’s first shallow draft 150,000 ton oil tanker by next year, able to dock in 50 foot deep harbors, enabling US ports to receive oil more easily amid rising tanker costs. Norwegian orders show 300,000 ton potential and costs rise to 40 million by 1977. Rauma-Repola leads offshore drilling rig tech, with British and American orders, including the Ocean Ranger at 35 million dollars.

Finland Benjamin Shore Helsinki CNS Valmet Shipbuilding Company United States Valmet

Elcar electric car gains U S interest via Zagato import

Copley News Service reports the Elcar from Italy, imported by Zagato and franchised to Leon Shahnasarian of Elkhart Indiana, as the first mass produced electric car in Europe. The two passenger, seven by four and a half foot vehicle offers 20 to 50 mile range, speeds up to 25 35 mph, eight hour recharge, fiberglass body and 21 foot turning circle. Base price under 3000 dollars.

Italy Leon Shahnasarian Elkhart Ind U. S Zagato Europe Alfa Romeo Ferrari Maserati Elcar Shahnasarian Elcar Corp

Commodity Closings From The Market Desk

Gold slips to 152 an ounce while silver dips to 4.47 as August trading closes. Copper rises to 80 and a half cents per pound with wheat at 4.45 a bushel. Soybeans fall to 8.35 while live cattle reach 49.90 per hundredweight and eggs drop to 42.75. Maine potatoes gain to 4.66 per cwt and cotton holds at 52.55 cents. Plywood advances to 111 per thousand square feet.

London Maine

Dow Jones Averages Rise Amid Broad Market Gains

The Dow Jones averages posted gains with the industrials up 7.82 to 760.40, the transports 0.08 higher at 157.85, utilities up 0.38 to 68.06, and a broad 1.66 advance for 231.61. Trading volume reached 11,230,000 shares.

Also Mentioned on This Page

Scottsdale (Az Daily Progress Ion Rauma-Repola North Sea Texas Ocean Ranger Patti Brown Saguaro Business Equipment Inc Main Street Scottsdale Fred Schaffer Bache & Co., Inc Dow Jones Simart Don Diego Canary Islands Diego Royal Palms EMS Menendez Garcia H. Upmann and Montecristo Cigars Havana Cuba Las Palmas Gran Canaria Con Diego Jim Ross East Stetson Drive Books Harry E. McDowell Cali
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