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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Aug 22, 1975
Page
5
Wall Street investors grow wary as inflation climbs, prompting a Dow decline from a prior rise. The market’s fade follows a government 14.4 percent July price surge and concerns over higher living costs, rising rates, and a slower recovery risks for New York City securities and banks.
Closing quotations show London gold at 141.75 per ounce unchanged. IMM Sept gold 162.20 up 0.10. Aug silver 4.64 up 0.02. Oct platinum 177.60 up 3.00. Sept copper 61.1 cents up 0.9. Sept wheat 4.472 unchanged. Sept corn 3.21. Sept soybeans 6.16 up 0.32. Oct five cattle 44.87 up 1.20. Oct live hogs 54.20 up 1.50. Aug pork bellies 97.37 up 1.50. Sept fresh eggs 0.549 up 0.15. May Maitie potatoes 14.28 up 0.50. Sept plywood 127.50 up 0.80. Dec cotton 52.37 cents up 0.12. Oct sugar 16.85 down 0.01.
A New York AP preview argues Labor Day marks a switch from a summer pause to a busy season of advertising, conferences, and new initiatives as economists gather data and Congress returns. It warns inflation remains a risk and jobless progress may require government action.
Two Arizona State University professors under a 16573 grant study the entrepreneurial needs of minority small businessmen in Arizona. They aim to map service agencies, locate minority owners, and propose solutions such as educational TV courses and proactive agency outreach to reduce fragmented aid and improve management skills.
A $1 million, 10 acre retail nursery site at 11000 N. Scottsdale Road north of Sun down Plaza starts construction as the new corporate headquarters for Four Seasons Nursery and Landscaping. Barry L. Shuart Development Corp. secured financing from Security Mortgage Co. ending six months of delay.
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