Arizona economy in January shows steep slide and moderating decline
Dr. Harold Fearon of Arizona State University reports an ongoing inventory recession with falling orders and production while inventories ease and inflation moderates. He says the downturn may persist for months but the rate of decline is slowing and a turning point could come soon.
MENTIONED IN THIS ARTICLE
Arizona
Harold Fearon
Arizona State University
Purchasing Management Association of Arizona
Dr. Fearon
ASU
Fearon
New York Stock Exchange Quotations Update Clipped
A fragmented 2 p.m. NYSE quotation snapshot shows Dow Jones averages and miscellaneous ticker notes with unreadable codes and stray figures, reflecting an interrupted market feed.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
APS Ratings Lower For Arizona Public Service Bonds
Moody's cut APS publicly held first mortgage and pollution control bonds from A to BAA. APS vice president D L Broussard warned the downgrade will raise capital costs and likely higher rates for customers, though improved earnings could help APS recover and limit costs.
MENTIONED IN THIS ARTICLE
Phoenix
API
Moody’s Investors Service Inc
Arizona Public Service Co
First Mortgage
APS
D.L. Broussard
Broussard
Commodity Closings from Madda Trading Company Prices
London gold 173.50 down 0.50 per oz. MM Mar gold 174.00 down 1.07. Fed silver 4.22 down 0.10. Apr platinum 148.50 down 1.00. Mar copper 52.8 cents per lb. Mar wheat 33.98 bushel down. Mar corn 3.094 down 0.44. Mar soybeans 5.99 down 0.12. Feb live cattle 34.40 up 0.08. Feb live hogs 40.07 down 0.03. Feb pork bellies 64.40 down 1.50. Feb fresh eggs 49.75 cents dozen up 0.15. May Maine potatoes 3.40 unchanged. Mar plywood 124.80 down 1.00 per thousand. Mar cotton 40.15 up 0.02. Mar sugar 0.37 up 1.26. Market not yet closed on some items.
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Maine
Max Ross Named New Associate of the Year by Western States Life
Max Ross, general agent from Paradise Valley, earns Western States Life Insurance Company national honor for top producer across the country. He leads in total and health premiums in the Arizona New Mexico region and received a commemorative plaque. Ross will attend the All-Star Club meeting in Acapulco and then the company convention in Mexico City.
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Max Ross
Home Office
Western States Life Insurance Company
Fargo
North Dakota
Ross
Arizona New Mexico
Paradise Valley
Western States Life
Acapulco
Mexico City
Lower Interest Rate Act of 1975 Faces Credit Allocation Debate
The bill HR212 would create a federal credit control board to allocate loans by need and national interest. Critics warn such a system risks political decisions and unfair access, while supporters say it curbs speculation and directs funds to priority sectors.
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Washington
UPI
United States
Treasury
William E. Simon
Federal Reserve
Arthur Burns
House
Henry S. Reuss
D-Wis
Federal Credit Control Board
Simon
Burns
Congress
Arizona Mining Association exhibit at Tower Plaza Mall
The AMA traveling display on copper mining runs today through February 19 at Tower Plaza Mall on E Thomas Rd and 38th St. The seven by eight foot exhibit uses graphics and sound to show Arizona’s copper history with a map of 15 member firms, lighting, photographs, and a taped message on the industry’s economic importance.
MENTIONED IN THIS ARTICLE
Arizona Mining Association
Tower Plaza Mall
E. Thomas Rd
38Th St
Arizona
AMA
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