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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jan 08, 1976
Page
6
AP report notes 1975 had 4400 plus work stoppages but calls 1976 a likely spike as more labor contracts expire creating more strike opportunities. Conference Board panel cites rising expirations as the driver, though argues opportunity alone does not guarantee strikes.
The Business Mirror panel predicts 7 to 8 percent price rises and says inflation will heavily influence next year's negotiations. It expects unions to seek catch-up raises and escalator clauses, with demands for more jobs and benefits. Labor authorities foresee high stoppage chances but shorter duration to protect the recovery.
Senator Tunney claims major oil companies are buying geothermal leases in California’s Imperial Valley and doing nothing to convert steam into electricity. He says 61,000 of 81,000 federal acres are controlled by oil firms and urges a bill to purge unused leases. He also cites oil firms’ coal and uranium holdings and calls for action.
The second annual Governor's Symposium on Arizona Tourism occurs at the Adams Hotel in Phoenix with registration from 8 to 9 a.m. and a $12.50 fee for the day including luncheon. Gov Raul Castro will speak at 9:30 on tourism value, followed by Brad Smith of Four Corners Regional Tourism Organization. Also noted are IAOO meetings in Scottsdale January 15–16 and a 1979 IAAC convention in Phoenix drawing thousands of delegates and hotel rooms. A separate anxiety seminar at Camelback Hospital January 17 with a $10 registration fee and two executive seminars at ASU Center for Executive Development begin January 21.
A dense NYSE late afternoon sheet shows Dow Jones leaders and notable movers. Banks Chase, Pennzoil, UOP, and General Electric post gains amid broad price shifts across industrials techs and consumer names with several percent changes.
The list shows stocks with largest percent gains and losses on the New York Stock Exchange. Entries include Mad$y Gar up 25.7 and Publick ind Sta up 10.8, while Bengue B Wa-Nae off 12.5 and JCN Phanma off 10.0 reflect notable declines.
A long AP wire list shows tickers, prices, highs and lows for numerous companies including Kaisrind Pat Vo AegisCorp LoewThewt and Marindug B. The page presents last trade, daily change and percent changes across varied sectors from oil and gas to chemicals with notes on industrials and technology firms.
The report lists prices and daily moves for metals including gold and silver, minerals such as copper and copper products, grains like wheat corn and soybeans, livestock prices for live cattle and hogs, pork bellies and eggs, Maine potatoes, plywood and cotton and sugar futures. It notes the market remained open for these items.
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