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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Feb 12, 1976
Page
5
AP Business Analyst John Cunniff notes the volatility of retail sales figures and revisions from November to December. He highlights how initial gains were celebrated, only to be revised downward, casting doubt on inflationary or growth narratives.
A Department of Economic Security projection in Arizona Manpower Projections to 1981 estimates total state employment rising 24.4 percent from 1976 to 1,045,000 in 1981. Pima County should grow 27.5 percent to 212,500 and Maricopa up 25.8 percent to 633,500. Copies available by writing DES.
Scott Pfeifer, a young carrier, received a letter of commendation from Air Force recruiters Sgts Harold G. Valera and Ivan V. Johnson at 4110 N 70th St. for delivering the Progress on a free two week trial and then securing a paid subscription.
The Department of Transportation will hire 155 high school and college students for temporary state positions in a summer employment program. About 115 clerical and summer aide posts go to high school juniors and seniors, while 40 engineering assistant roles target college students in engineering. Preference favors nearby applicants. salaries average 450 per month and work ends around late August.
New York AP stock table shows Dow Jones at 974.42 down 2.52 amid broad move with varied NYSE issues. The list includes big names such as Alcoa Am Airlin and Chrysler with mixed highs and lows reflecting shifting market sentiment.
Today's closing quotes from Madda Trading Co list London gold at 131.00 up 0.50, MM Mar. gold 130.00 up 0.60, Apr. platinum 138.50 up 0.20, copper 56.8 cents per lb, Mar. wheat 3.8754 up 0.124, Mar. corn 2.7134 up 0.014, soybeans 4.825 up 0.53, Feb live cattle 39.25 up 0.45, live hogs 49.75 up 0.38, pork bellies 70.70 up 2.00, fresh eggs 0.56 up 0.09, Maine potatoes 16.35 up 0.40, plywood 159.60 down 1.10, cotton 59.65 up 0.24. Market not closed on above items.
A federal bankruptcy judge in Phoenix heard First Pennsylvania Bank’s bid for summary judgment against General Vehicle Inc. The bank holds a 2.5 million lien on Bricklin assets and seeks proceeds after bankruptcy costs. Judge Davis took the motion under advisement and requested details on 100 priority wage claims and a bulk inventory sale by month’s end.
Arizona Public Service Co reports unaudited 1975 earnings of 2.60 dollars per share, down from 2.71 prior year ending September 30, and below the 7.9 percent return authorized by the Arizona Corporation Commission. The drop fuels ongoing lawsuits in Maricopa County Superior Court and the U.S. District Court in Phoenix.
Scottsdale Memorial Hospital was awarded 70361 in Workmen's Compensation dividends for 1975 recognizing its safety committee and broad loss control awareness among all employees for reducing job related injuries.
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