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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 19, 1975
Page
5
AP analyzes New York City's near bankruptcy save and the fallout. Bondholders faced altered terms and delayed redemptions, prompting talk of a municipal bankruptcy bill. Outside NYC, market demand remains steady but rising funding needs loom as urban areas re-equip and expand.
Washington reports a 0.7 percent jump in the Consumer Price Index for November, matching October. The rise reflects higher mortgage costs, auto taxes, natural gas, clothing, new cars and dairy prices, offset by declines in meats and health insurance.
New York stocks show a mixed finish ahead of market close with notable swings across large caps. IBM and Exxon among active movers as traders monitor earnings and macro signals, while tech and consumer stocks display varied momentum.
Marriott's Camelback Inn earns two top honors in the American Hotel Motel Association Gold Key Public Relations Competition at the AH&MA convention in Los Angeles. Camelback and Waldorf Astoria led with two first place awards each.
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