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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Mar 25, 1974
Page
4
An ASU study of five Arizona reservations including Gila River Hopi White Mountain Apache Papago and Quechan finds few Indians attend college resist business careers and show high dropout rates. Federal and local training programs failed. cultural values and lack of role models deter reservation management careers.
Arizona Progress reports tourism spent 690 million in 1973, with rising auto and air travel into the state. Yet 1974 outlook darkens due to gasoline shortages and weak economy. national park attendance rose slightly overall but fell at the Grand Canyon and Petrified Forest.
Arizona Department of Economic Security reports 2.98 million dollars paid in February, a modest month over month rise after seasonal adjustment shows about a 16 percent gain. Claims total 18,556, with contract construction beneficiaries up 9 percent and year over year payments up 78 percent driven by broader economic factors.
UPI reports NYSE closing quotes show diverse gains and losses across many firms led by prominent names such as Admiral, Air Products and Coca Cola. Investors weighed earnings cues and sector rotations as the market closed with a broad mix of highs, lows and steadying prices.
The American Stock Exchange shows varied quotes as multiple issues trade with mixed gains and losses. Notable names appear with percentage changes amid broader activity, including Safeway, Schering, and United brands, reflecting a broad market movement in New York trading.
Today's market wrap lists futures and cash quotes with declines and gains for metals such as May silver at 5.41 down 0.20, Apr platinum 223 down 6.02, May copper 1.219 down 0.03, May corn 2.93 down 0.10, May wheat 4.74 up 0.16, May soybeans 6.15 down 0.20, May cattle 40.90 down 1.00, hogs 3.68 down 0.57, eggs 45.20 down 1.7, May potatoes 15.60 up 0.50, May cocoa 82.40 up 0.02, coffee 73.60 down 0.02, and May plywood 135.30 down 7.00 per thousand sq ft.
Clovis report quotes New Mexico Farm and Livestock Bureau official LB Davis saying predictions of high bread prices and wheat shortages are an attempt to hoax the public. He argues bakers rely on government surpluses and seek a cheap wheat supply.
Dow Jones at 3 p.m. shows declines across major indices with the 30 industrials at 877.66, down 0.47. 20 transports at 192.12, down 1.05. 15 utilities at 91.67, down 0.23. 65 stocks at 277.03, down 0.58. Volume totals 9,080,000 shares.
Motorola Inc and Matsushita Electric sign to sell Motorola home television receiver business in the United States and Canada. Closing targeted for April 29, 1974, pending Japanese government approval and other conditions. Motorola says the move protects employees and expands distributor opportunities.
Reader reports a department store auto shop pressuring snow tire customers into costly realignment and questionable parts. Official reply says the store cannot be forced to fire the mechanic but promises to forward the letter to the District Manager for action.
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