Fuel for Thought on Mineral Cartels and U S Dependence
Copley News Service reports that fears grow as nations may form cartels for iron ore copper bauxite and other minerals potentially mirroring OPEC. U S imports could rise if domestic production remains limited, though iron copper zinc and lead could be sourced locally with higher costs.
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Daniel J. Foley
Copley
Washington
Organization of Petroleum Exporting Countries
OPEC
Jamaica
U.S
International Bauxite Organization
United States
W.E. McKelvey
U.S. Geological Survey
McKelvey
Mineral cartels vs oil groups and U.S. dependence
The piece argues about whether mineral rich nations could form cartels to raise prices like OPEC. It notes U S production shares, a growing import deficit, and projected demand growth for metals by 2000. Experts doubt a cartel will emerge due to substitution, finances, and recycling incentives.
MENTIONED IN THIS ARTICLE
Rogers C.B. Morton
U.S
Morton
United States
Arizona tops nation in household formation fueling finance demand
W Scane Bowler of Pioneer Western Corp cites Scottsdale Arizona leading the nation in household formation rate as a driver for expanding financial services in 1975. He notes rising financial literacy and budgeting focus among Arizona residents, with farm backgrounds stressing security and inflation protection. Young adults 20 40 increasingly seek equity investments.
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Arizona
W. Scane Bowler
Pioneer Western Corporation
Western Reserve Life Assurance Company
Pioneer Group of Mutual Funds
Bowler
Tourism in Arizona Shows Mixed Winter Recovery
The Arizona Review notes out-of-state visits remain below prewar levels while in-state tourism exceeds them. Recovery favors southern and central Arizona over the north with northern park visits down 16 percent and southern declines at 8 percent. Fuel shortages and high fuel costs drove the drop, with highway use down but air travel and transportation employment rising.
MENTIONED IN THIS ARTICLE
Arizona
The
Arizona Review
University of Arizona College of Business and Public Administration
Dow Jones Averages Close Up Across Sectors
The Dow Jones averages gained broadly with the Industrial average at 598.40, up 8.76 points, Transports 140.24 up 0.98, Utilities 66.69 up 0.64, and Stocks 194.26 up 2.28 as volume reached 9,540,000 shares.
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Chris Craft
Jo Vo
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Dow Jories
Indus
Commodity Closings Report From Madda Trading
Today's closing quotations show London gold at 192.00 per ounce unchanged and March copper at 55.5 cents per pound up 0.2 cent. Other prices include March wheat 4.59 per bushel down 0.32, soybeans 7.17 down 0.19, cattle 40.15 down 0.82, hogs 43.27 down 1.48, and cotton 36.95 cents per pound down to 0. Not all markets closed.
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Utahidaho
Vikoa Incor
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