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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Feb 01, 1974
Page
5
Arizona Progress reports manufacturing output rose 14.1 percent to 1.86 billion dollars in 1973, doubling since 1966 and quadrupling in 12 years, with electronics leading high value output. Despite energy shortages, long term growth remains favorable, while 1974 is expected to be moderate.
Royal Fork Buffet, part of States Investment Corporation, will open its 14th dining site this Saturday in Scottsdale at the Scottsdale and Thomas roads corner. Local manager Rich Thomas will supervise a staff largely made up of high school students. The chain began eight years ago in Boise, Idaho.
New York close reports show numerous stocks from Admiral Corp to Zenith Radio, with values, highs, lows, and percent changes across the New York Stock Exchange. Large name listings include Aetna Life, American Airlines, Allied, Amex, IBM, Exxon, Coca Cola, DuPont, General Electric, GM, Goodyear, PepsiCo, Pfizer, Procter Gamble, Texaco, and many others.
IRS offices in Phoenix and Scottsdale will offer Saturday hours from 10 a.m. to 2 p.m. for telephone and walk-in tax assistance. Regular walk-in hours are 8 a.m. to 4 45 p.m. daily, with telephone support until 6 p.m. each day. The Phoenix office is at 230 N First Avenue in the Federal Building and the Scottsdale office at 3134 North Civic Center Plaza.
UPI reports Rosenkrantz Ehrenkrantz Lyon Ross Inc says market consolidation is only a pause in a major downtrend that began in December 1973. Continued weakness in many stocks suggests a bear trend is imminent and a major bottom may not form.
At New York, American Exchange closing prices show diverse moves across sectors. Notable entries include Petro, Circle K, Armco Steel, and Union lines with varied gains and losses, while some tech and energy stocks display modest declines amid broad market activity.
The Dow Jones average finishes lower with the 30 industrials at 843.94, down 11.61. Transport and utility groups show mixed moves while total volume reaches 12.84 million shares.
The article outlines the child and dependent care deduction up to 400 dollars monthly, including in home and outside services, and clarifies eligibility for dependents and spouses. It also covers general tax strategies such as income averaging, earned income ceilings, medical expense rules, and casualty loss timing for 1973 returns.
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