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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 16, 1974
Page
5
Economists compare V U W and I shapes to predict 1975 growth. Retail and airline data flag a downturn, while UCLA models peg a sharp drop this quarter and modest gains later. Analysts warn consumers stay liquid and savings rise before recovery.
Scottsdale Daily Progress quotes Edward Ross of Continental Bank saying the economy will hump along, with consumer spending flat then slightly rising, housing and autos improving late in 1975 but unemployment looming. He cites a 7 percent drop this quarter and a modest rebound in early next year.
Judith G. Rhoades explains what a 10K is and when it helps investors, notes that annual reports may accompany 10Ks, and compares them with Standard and Poor’s sheets for in depth company data. The column also covers pension reform impacts on Keogh plans and offers a rent budget guideline of 25 to 35 percent of gross income.
A brief NYSE quote snippet shows Nabisco at 2.30 with figures 9 37 225 21 percent and 220 Me as part of the trading snapshot.
London gold 182.50 up 3.50. Feb silver 4.51 up .20. Jan platinum 172.00 up 2.00. copper 0.552 down .06. Mar wheat 4.66 down .11. Mar corn 3.59 down .424. Jan soybeans 7.46 down .72. Feb live cattle 41.32 down .83. live hogs 45.72 down .73. pork bellies 69.22 down .48. eggs 57.7 up 0.02. Maine potatoes 4.40 down .20. cotton 28.17 down .23. plywood 113.00 unchanged. sugar 42.37 down .02. Market not yet closed on some items.
Interim Dow Jones figures show declines across major sectors at 2 p.m. with Industrial averaging 590.89 down 1.88, Transports at 138.31 off 0.89, Utilities 67.74 down 0.16, and Stocks 192.62 down 0.75 as volume reached 10.77 million shares.
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