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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jan 15, 1976
Page
5
A humorous column questions whether a gentlemen's club is a business expense for IRS deductions and ponders if high interest rates curb inflation. It suggests study by a committee, noting unclear answers and the complexity of fiscal policy.
New York AP reports 2 p.m. Dow Jones averages across sectors show gains and losses with many large cap names listed. Notable firms include Exxon, Texaco, Dow components, and leading banks, oil, and technology groups reflecting mixed market sentiment.
At New York, trading activity reflected a broad spread of gains and losses among listed issues. Major names such as Air Products and Amoco reported varied moves while Alphabet and other blue chips displayed modest changes amid fluctuating demand. Investors watched shifts in financials and energy amidst a volatile session.
The article outlines four common Arizona con games aimed at elderly victims. It describes the pigeon drop, contractor fraud, salesman scams, and bank official impersonations, with warning that police should be alerted if asked to withdraw funds. It notes no bank or law enforcement official would request a withdrawal to prove innocence.
Commodity closings show mixed moves with gold at 132.00 up 0.50, IMM gold at 131.50 down 1.90, silver 4.075 down 0.10, platinum 150.20 down 0.40, copper 56.5 down 0.07, wheat 356.40 down 0.32, corn 2.69 down 0.04, soybeans 4.742 down 0.01, live cattle 39.57 down 0.70, live hogs 48.25 down 0.42, pork bellies 73.52 up 0.22, eggs 0.532 down 0.004, Maine potatoes 14.75 up 0.50, plywood 154.00 down 4.00, cation 60.7 down 1.94, sugar 14.07 down 0.17. Market not closed on above items.
The advice stresses a will as vital to control property distribution and reduce estate costs. Without a will, a surviving spouse bears the burden and courts may appoint guardians or trustees, potentially costing more and delaying access to funds. Regular review is advised as life changes.
Arizona and national economy likely improve in 1976 says Ken Ross of First National Bank of Arizona. Consumer confidence drives expansion as savings rise but spending remains guarded, with mining, manufacturing, agriculture, and housing shaping the statewide recovery outlook.
Circle O Worm Ranches Inc plans an earthworm hatchery at 5111 EB Bell Monday with managers Ray Judd and Patty Allyn. The Reno based firm, founded two years ago by Bill Ross after retiring as a London marketing executive, breeds Red Hybrid domesticated earthworms for bait, composting, soil enrichment, and animal feed. Next month Tucson expansion is planned.
Arizona State University Extension presents Preparation for the Employment Interview COM 301 a one credit course meeting Mondays and Thursdays from 5 to 4 30 p m through February 5. Instructors Norman Perill and Diana Regner provide practical help securing interviews creating a resume and communicating effectively in interviews. Students review their strengths and weaknesses and practice in simulated interviews that are recorded and analyzed.
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