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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
May 07, 1974
Page
5
Arizona state data show nonmetropolitan counties up 1,500 to 799,800 mid March with a 1,700 rise in nonagricultural activity. Phoenix area employment grows 400 to 476,000 led by trade and government. Unemployment falls to 41,400, rate 5.0 percent.
The United States risks widespread outages as tiny voltage disturbances can erase data and affect travelers, bank customers, patients, and more. Uninterruptible Power Supplies UPS grow 10 to 15 percent annually, led by Westinghouse with GE Emerson and Teledyne chasing dollars.
Readable excerpts show a dense ticker snapshot with many named companies and prices. The list highlights closing figures for firms across sectors including airlines, tech, automotive, and consumer goods, with percent changes and daily values embedded among the chaotic columns.
The page lists closing figures for numerous holdings on the American Stock Exchange. It shows company names or tickers with multiple price notes, percent changes, and approximate figures, reflecting a market-wide wrap at session’s end. Entities include RCA Corp, Reading Co, Royal Crown, Sears, Shell Oil, and Schlumberger, among others.
Standard & Poor's notes the market is holding steady under stress but a real upturn awaits easing of monetary conditions. Inflation and high rates could push stock prices higher in late 1974 as profits fall, Inverness Counsel reports. Speculation is low and investor expectations are trimmed, a classic bull market psychology.
Trading showed modest shifts with declines in some sectors and gains in others. Dow Jones averages edged lower in transportation and utilities while industrials and other components posted minor changes. Sales reached about 10.71 million shares.
Closing prices for London gold at 162.50 down 3 02, May silver 5.30 down 6 cents, platinum 217.50 down 10, copper 136.6 up 1.6 cents ib, corn 2.51 down 0.5 cent, wheat 3.49 up 7.44 cents, soybeans 5.30 up 6.44 cents, June cattle 40.65 down 42, live hogs 29.65 down 80, fresh eggs 0.37 up 1, Maine potatoes 15.85 up 95, cocoa 1.02 down 2 1/2, coffee 69.50 up 0.50, plywood 122.50 up 5.0.
Traci Stevenson has been named executive secretary of the Scottsdale Association of Merchants SAM. A newcomer to Phoenix, she spent two years traveling the country in motel chain sales promotion. Her role focuses on recruiting new members for the recently formed group of about 50 members.
Scottsdale Public Library hosts two lectures at 3 p.m. and 7 p.m. in the Library Auditorium on Intelligent and Profitable Investing. Guest speaker Raymond Kotrozo of Westamerica Financial Corporation discusses stocks funds stockbrokers mutual funds and investment research.
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