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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 14, 1976
Page
5
Grand Canyon AP report notes water and energy will cap Arizona's economic expansion. A 126-member Town Hall panel urged balance among economic demand environmental concerns governance and resource limits. They foresee growth in manufacturing and tourism with caution on urban rural development and public spending.
Strong support voiced for the Central Arizona Project and Palo Verde Nuclear Power Project. The report urges minimizing government growth, boosting efficiency, expanding cross border trade and tourism, and improving farm use of treated wastewater. It calls for reviewing mandatory public retirement and leveraging retired workers.
The AP notes the 1976 existing home sector is strong with sales hitting about 3.07 million in August at a 23.3 percent year over year rise. Regional gains are reported across Northeast North Central West and South. Realtors cite ample mortgage funds thrift deposits and buyer bargain awareness as drivers.
AP reports late afternoon figures for Dow Jones Industrial and Transports averages at 2 p.m. with declines across major indices. The New York Stock Exchange list shows prices for numerous equities including AmCan, Exxon, Coca Cola, General Electric, IBM, and many others, with percentage changes and totals.
American stock listings show varied performances among firms such as Aegis Corp and Interway Cp with modest gains and declines. The index quotes include numerous individual stock changes, with some notable percentages and closing figures across financial instruments.
The New York stock market fell hard as selling intensified. The Dow Jones industrial average, after a 15 percent surge on Wednesday, slid 13.54 points to 934.76 by 2 p.m., erasing most of the prior gains.
London gold 114.70 up 0.45, MM Dec gold 114.90 steady, silver 4.173/10 down 0.064, platinum 3158.60 steady. Copper 57.9 cents up, wheat 2.95 down 1.344, corn 2.6554 down 0.09, soybeans 6.304 down 0.15, soybean meal 181.20 down 7.60, soybean oil 20.67 down 0.95. Live cattle 41.60 up 0.55, live hogs 33.22 up 0.50, pork bellies 51.17 up 0.32, eggs 65.1 up 0.3, plywood 171.40 up 0.70, cotton 78.15 down 1.7, sugar 8.71 down 0.27.
Canadian mills raise newsprint prices for the second time this year citing wage hikes and higher production costs. Prices jump to 305 a ton for eastern publishers while western mills moved to 300, up from 280, as unions push wages higher in a three year contract.
John C. Kaden author of Successful Public Relations Techniques speaks at Scottsdale Community College on What is Public Relations. The free 9:30 a.m. lecture in the library is hosted by Lynn Milner’s mass communications class and Kaden’s Scottsdale PR firm ties.
David and Lana Newcomer celebrate the grand opening of Four Seasons Nursery and Landscaping at 11000 N. Scottsdale Rd. through Monday. The five acre site features a sales building offering landscape and irrigation design and a greenhouse with indoor tropical plants, plus 15,000 square feet of shade screening over outdoor stock.
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