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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 31, 1975
Page
5
AP analysis notes a rebound in municipal bonds before Ford’s stance on NYC, but confidence wanes as NYC’s financial distress risks broader damage. Analysts warn bankruptcy law changes could curb marketability of lower rated issues, with millions lost nationally amid shifting sentiment.
The piece outlines escape stocks low cost leisure firms like movies, books, restaurants and parks as beneficiaries of stagflation. It notes mixed EPS shifts this year with movies up 62 percent and publishers modest gains, yet expensive leisure shares fall. Cautions over high valuation and volatility persist.
London gold futures dipped to 142.50 as IMM contract fell 0.75 while other metals varied. Copper rose 1.2 cents to 56.9 cents per pound. Dec wheat declined 8 cents to 3.86. Dec corn at 2.7724, down 3. to bushel. soybeans 4.91, down 5 cents. live cattle 43.05, up 33 cents. pork bellies limit down at 82.52. fresh eggs 59.5 cents per dozen. Maine potatoes 11.19 per bushel. plywood 133.20, down 1.40. cotton 2.12 cents per pound, down 0.28. Market not closed on above items.
Donald G Ford of Scottsdale a Mountain Bell communications serviceman in Mesa celebrated his 35th year of service with the company on Thursday. He is a native of Erie Pennsylvania and joined Michigan Bell's plant department in Detroit in 1940. After 17 years with Bell in Michigan he came to Arizona.
The board of Western Savings and Loan Association elected W W Musegades Cox Morgan Castleman Monson and Dick Scott as assistant vice presidents. Wally Musegades Diaz joined as personnel director and Morgan Monson Castleman Scott hold regional savings manager roles across eight west side branches. Daphne Dicino named 1975 Advertising Woman of the Year by Phoenix Advertising Club and Ad 2 Phoenix.
Notice to all property owners in Baradise Valley that payments for Improvement Districts 1 and 6 and 7 as well as paving of Fanfold are due by December 1, 1975. If unpaid by then a 5 percent penalty will be added. delinquency triggers further actions. Charles H. Atkinson, Supt. of Streets, publishes on October 36 and October 31, 1975.
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