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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Aug 14, 1975
Page
5
American Stock Exchange announces selected noon prices for trading. Key figures include listed shares and market movements as of today in New York.
London gold at 159.75 down 2.25. Mamma Sept gold 159.90 down 1.30. Copper 58.5 cents down 0.2. Wheat 4.11 up 0.06. corn 3.18 up 0.01. soybeans 4.05 up 0.04. Live cattle 47.15 down 0.05. live hogs 56.80 down 0.07. pork bellies 102.10 down 1.50. Eggs 53.15 up 0. - potatoes 11.28 up 0.50. plywood 121.20 up 1.40. cotton 51.12 down 0.35. sugar 20.05 down 0.55.
Washington AP reports the Agriculture Department estimates the U S corn crop at a record 58 billion bushels despite heavy flooding in the upper Great Plains and drought stress in the heart of the Corn Belt.
Insurance office manager 4 Fark Shaw has been named manager of Oliver Pilcher Insurance in Scottsdale. Shaw joined Oliver Pilcher in 1973 and previously affiliated with the Hartford Insurance Group. Wallace J. Cozens of Scottsdale marks 20 years with Mountain Bell next week as facilities planner and former lineman installer repairman. Ed Nixon named Progress manager of retail advertising. Sylvia C. Keppy promoted to office manager in Scottsdale Oliver Pilcher office. Keppy
Business Briefs notes a six year tenure with the firm by a woman who presides over the Tri-City Insurance Women. It also lists 1975 Top Club members from Scottsdale, and a Scottsdale agency cited for five years of affiliation with Time Insurance. Cary R. Landry of Scottsdale is promoted to data processing officer at The Arizona Bank after rejoining in 1974.
The piece argues that everyday consumer choices govern the real economy even when Washington slows for vacation. It notes rising food prices from droughts and harvest forecasts, lingering job concerns, and mixed forecasts from analysts, stressing that the household budget adjusts to a world economy. The insight centers on the quiet consumer as the true market force.
Savings bonds can fund education and reduce taxes via an election on Series E bonds. Parents may buy bonds in a child’s name with the parent as beneficiary, report the first year's increase as interest income, and avoid tax up to $750 in value. Gifts over $3,000 trigger gift tax considerations.
Judith G. Rhoades advises against refinancing a highly leveraged home for investments unless steady income covers costs and rates are reasonable. She also supports using credit for essential purchases like appliances when cash is unavailable, warns against overextension, and promotes opening a checking account with careful record keeping.
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