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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 29, 1975
Page
7
Economists argue the government’s employment figures understate distress by hundreds of thousands or millions. Critics warn credibility of the monthly data could be damaged, calling for a high level review of concepts and procedures while defenders cite sound methods.
The Salt River Project names Kidder Peabody as senior manager for a negotiated 100 million municipal revenue bond issue to finance SRP electric facility construction in 1976. Co managers include Goldman Sachs First Boston Halsey Stuart Merrill Lynch.
The 2 p.m. Dow Jones averages show the industrial average at 1857.21 down 2.60 points, transport at 1170.60 down 0.08, utility at 182.60 down 0.13, and the 65 stocks index at 1261.33 up 0.58. Major indices indicate mixed market activity with the Industrials retreating while the broader market edges higher.
Closing price quotations show gold at 141.00 up 0.75, silver 4.21 1 5 down 0.83, copper 55.4 cents down 0.9, wheat 3.305/8 down 0.07, corn 2.60 down 0.02, soybeans 4.46 down 0.944, live cattle 42.47 down 0.80, hogs 46.45 down 1.27, pork bellies 69.37 down 2.00, eggs 4.15 down 0.02, Maine potatoes 12.54 up 0.50, plywood 145.50 down 3.10, cotton 1.06 down 0.23, sugar 0.1335 unchanged. Market not closed on above items.
Armour Dial unveils a Scottsdale Thunderbird Industrial Park lab housing about 300 staff, including 200 scientists, on a 2242 acre site. The two story facility aims to test consumer products and food and toiletry items, replacing Chicago labs. Official cost remains undisclosed despite a $3 million permit.
A national company uses Maricopa County as a model for cash purchases, said Joe Warnas county purchasing director. Santa Fe International Corp of Orange California is the seller. The county has used the cash purchase order for a year reducing admin work and eliminating claim forms and invoices. The seller fills in the amount up to 100 dollars with a blank check accompanying the order. Abuses have been virtually none.
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