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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Mar 12, 1975
Page
5
NYSE list shows mixed hits with Dow Jones interim averages down 2.74 at 3:30 pm and declines across sectors. Industrials and utilities slide as traders track shares including Ampex Core and Exxon amid overall market softness.
Readable price quotations show declines in London gold silver platinum copper and meats while grains turn mixed with soybeans up and corn down. Stock indices and corporate tickers appear amid a dense listing of commodities and related firms.
Gene E. Rice, president of First Federal Savings and Loan Association, will receive the 1975 Alumni Achievement Award at ASU Founders Day dinner in Memorial Union. Rice, an ASU graduate 1957, led Casa Grande and Phoenix banks, chaired local chambers and served as head of state savings groups before 1973.
Selected stocks on the American Stock Exchange show varied movement with gains for some names like Austra l Oi and Frontier Air while others such as Cal Compir and Creole Pet pull back. Trading data lists last prices and percentage changes among many firms including Brascan Dome Petro and Lowes as investors weigh risk.
Suspected victims are drawn by easy money from work at home schemes and correspondence schools. Postal inspectors note a surge in bogus jobs and chain letters as the economy stays weak. The Inspection Service projects $140 million in losses this year and has logged 111,907 complaints since July 1 1975. Women are frequent victims though men are rising, with many schemes demanding advance fees and rarely returning funds. One outfit defrauded about $700,000 before pleading guilty to five counts. Citizens aided investigations that cracked 4,293 mail fraud schemes this year.
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