Retired Couples Budget Rises Slowest in Valley
A First National Bank of Arizona report based on Arizona State University data shows Maricopa County retirees needed about 5200 dollars in 1973 for an intermediate living standard. Phoenix ranked 20th among 24 cities with a 5.2 percent rise, the nation’s smallest gain.
MENTIONED IN THIS ARTICLE
Maricopa County
Nate
First National Bank of Arizona
Arizona State University
Bureau of Business and Economic Research
First National
Phoenix
Valley
Cleveland
NYSE Closing Quotations Read by UPI
NYSE closing quotes list top stocks with price ranges and daily changes. Names include AmCan AmAirlines CocaCola Intel and many others across sectors, reflecting broad market activity and stock-specific shifts.
Wall Street Charter Sees Bear Market Bargains Rise
Merkin & Co notes intermediate market direction down while blue chips consolidate and indices drop. Firms warn of further potential declines toward 500 to 525, urge shift from causes to bargains, expect slow growth and easing inflation through mid next year.
MENTIONED IN THIS ARTICLE
New York
UPI
Merkin & Co, Inc
Laidlaw-Coggeshall Inc
Bell seeks 20 cent calls and higher installation fee
Southern Bell asks the Public Service Commission for an $81.6 million rate increase. The plan would raise pay phone call costs to 20 cents and charge 48.50 to install a new line, up from 20 dollars.
MENTIONED IN THIS ARTICLE
Atlanta
UPI
Southern Bell
Public Service Commission
Commodity Closings From Madda Trading Co
London gold at 146 dollars down 2 while Sept silver rises 2.40 cents to 393.70. Platinum 176.70 down 1.30. Copper 61.80 down 8 cents. Wheat 4.466 down 5 percent. Corn 3.414 down 2 cents. Soybeans 7.58 up 4. Live cattle 38.45 down 2 cents. Live hogs 35.47 down 95. Eggs 65.15 down 1.05. Potatoes 5.90 unchanged. Cotton 47.55 down 50. Plywood 100.90 down 2.60. Port bellies 62.82 down 10 cents.
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Dow Jones Closing Averages Rise As Trading Volume Edges Up
The Dow Jones averages show gains across most sectors with Industrials down 3.29 points to 670.76, Transports up 0.62 to 137.61, Utilities up 2.01 to 63.52, and Stocks up 0.54 to 205.28. Volume traded reaches 16.2 million shares.
MENTIONED IN THIS ARTICLE
Dow Jones
Indus
Wall Street Mixed As Dow Dips Slightly In Late Trade
New York stocks closed with modest losses for the Dow Jones, down about 3 points to 670.99 as the S&P 500 rose to 70.36. About 1,790 issues crossed the tape with advances outrunning declines 9 to 5 amid light volume around 16.7 million shares, while investors awaited more on consumer prices and Fed policy. Pan American World Airways and Imperial Corp saw notable activity amid a troubled week for aviation and corporate credits.
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UPI
New York Stock Exchange
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Pea City
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Market report on grains livestock and metals
Ed Mahurin reports grains weakened to corn down 10 cents and wheat down 13 15 cents as UN reports delay clarity on 1974 75 crops. Livestock saw meat prices surge after an initial drop with limits up by Thursday though nearby cattle hogs softened. Metals fell early then copper and silver closed higher with silver up 8 13 cents and copper up as the week ended.
MENTIONED IN THIS ARTICLE
Ed Mahurin
Madda Trading Co
Scottsdale
Chicago
United Nations
Food and Agriculture Organization of the
U.N
SRP sells 40 million municipal revenue bonds at 7.75 percent
The Salt River Project issued 40 million dollars of municipal revenue bonds at an effective rate of 7.752646 percent to finance electric facilities. Lehman Brothers and associates were awarded the bid as joint managers after three groups submitted offers. SRP President Karl F. Abel called the result a sign of confidence in the Project and the Phoenix area, noting the high interest cost but acceptable market conditions.
MENTIONED IN THIS ARTICLE
Salt River
Lehman Brothers Incorporated
Halsey, Stuart & Co., Inc
Merrill Lynch, Pierce, Fenner & Smith, Inc
Drexel Burnham & Co., Incorporated
White, Weld & Co. Incor
SRP
Karl F. Abel
Phoenix
Gold slips as dollar strengthens on world markets
Gold opened at $148.75 an ounce in London down 50 cents from Friday. Zurich prices also eased while the dollar gained against the mark and franc. In London the dollar rose to $2.3135 per pound as trading continued.
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UPI
U.S
Tokyo
London
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Arizona Bank to expand Scottsdale office into larger quarters
The Arizona Bank announces its Scottsdale-Thomas branch will move to 3123 No. Scottsdale Road Monday and become the Scottsdale-Earls office. Manager Jerry V. Clark cites a 5,200 square foot expansion to about 7,000, seven new teller stations, bigger lobby and officers area, and a drive-in designed for ease. Exterior features include slump block construction and Southwestern styling with extensive landscaping. Architects R A McIntire and Interior by Office Designs Inc. Construction by John Herrscher Co.
MENTIONED IN THIS ARTICLE
Arizona Bank
Scottsdale-Thomas
No. Scottsdale Road
Scottsdale-Earls
Jerry V. Clark
Clark
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