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Scottsdale Progress in Scottsdale, Arizona

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Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

Dec 02, 1975

Page

5

Energy expert decries inaction in coal to oil plan

David Lilienthal, former TVA and AEC chief, denounces inertia and timidity in U.S. moves on coal conversion. He cites a 1951 private proposal to build a large plant with $400 million private funding and government price support, urging action and practical, businesslike reporting to spur investment.

John Cunniff NEW York David Lilienthal Belleville Lilienthal Tennessee Valley Authority First Atomic Energy Commission David E. Lilienthal Eberstadt & Co Development and Resources Corp Khuzestan Iran Ilinois TVA

Commodity Closings From Madda Trading Company

London gold 139.00 up 1.75. IMM Dec gold 138.60 up 2.00. silver 4.10 up 0.16. platinum 144.40 up 0.90. copper 0.526 up 0.003. wheat 3.45 up 0.344. corn 2.714 down 0.02. soybeans 4.95 down 0.10. live cattle 47.37 down 0.78. live hogs 55.02 up 0.07. pork bellies 78.00 down 2.00. eggs 0.5955 up 0.0045. Maine potatoes 9.30 down 0.35. plywood 134.70 down 0.20. cotton 0.544 down 0.0055. sugar 0.1263 down 0.0013. Market not closed on above items.

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Options Prices Fall While Trading Volume Rises in Scottsdale

Scottsdale brokerages report stock option premiums have declined since May while trading volume climbs. Merrill Lynch’s Warren Brown cautions investors to limit risk, noting increased leverage despite lower prices. E F Hutton’s Gordon Schubert cites more sellers and a July peak. Harris Upham’s Leon Bentley notes a technical, chart driven approach.

Scottsdale Warren Brown Merrill. Lynch Brown Gordon Schubert E.F. Hutton Schubert Leon Bentley Harris Upham & Co. Inc New York Bentley

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