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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 13, 1975
Page
6
The New York Stock Exchange reported rate prices at 2 PM with numerous listed securities showing varied Last prices Highs Lows and percent changes. Major blue chips and industrials such as IBM General Electric Exxon Mobil and Goodyear appear with mixed gains and losses reflecting market activity.
London gold at 141.50 down 0.50 per ounce. IMM December gold 142.60 down 0.80. October silver 4.2775 down 0.445 per ounce. October platinum 143.20 up 3.00. Copper closed. Wheat 4.06 down 12.44 per bushel. Corn 2.9234 down 0.072 per bushel. Soybeans 5.33 down 0.20 per bushel. Live cattle 44.25 down 0.02 per hundredweight. Live hogs 60.47 down 1.50. Pork bellies 94.75 down 1.50. Fresh eggs 59.85 down 0.85 per dozen. Maine potatoes 16.96 down 0.50. Plywood 123.50 up 1.70 per thousand square feet. Cotton and sugar closed.
New York markets were nearly flat as Columbus Day holiday trading kept activity light. The noon Dow fell 1.18 to 822.73 while the NYSE showed little net change with many investors on holiday. Arizona Public Service moved down 14 percent on heavy block trading. the AMEX value index slipped to 84.10.
A Chase Manhattan Bank study shows Canada reduced economic stress faster than the United States amid recession inflation pressures. Canada pursued aggressive monetary policy, fiscal stimulus, indexing tax relief, higher wage settlements, and plans new inflation measures, while the U S lagged with restrained policy.
Copley News Service notes Patrick C. Ross of B F Goodrich predicts wider use of the deflatable space saver tire as small cars proliferate. The Space Saver halves trunk space, weighs less and is standard on some models like the Cadillac Seville, with production since 1967 but slow adoption due to repair concerns and driver hesitation.
The Phoenix Metro NAB launches a campaign to place 5500 disadvantaged workers and veterans on local payrolls. The annual search uses loaned executives from about 700 businesses led by NAB coordinator Diane Curran. Target includes 3500 positions for disadvantaged people with 100 ex offenders and 2000 Vietnam era veterans, 60 disabled. The effort coordinates with the Arizona Department of Economic Security and the Veterans Administration to place employers.
Valley National Bank sponsors free 45 minute tours of the 40 story Valley Bank Center in downtown Phoenix. Tours run three days a week starting this week at 10 30 a m with Mondays and Fridays at 10 30 a m and Wednesdays at 1 p m.
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