Promotions announced by FNB Nevada officers
First National Bank of Nevada promoted Howard T. Davis Jr to Assistant Cashier at the South Boulevard branch and Walter F. Washington to Assistant Cashier at the Las Vegas Main branch. Davis joined in 1968 as an Officer Trainee and previously managed a major food chain. Washington has been with FNB since 1947 and will continue as Assistant Operations Officer alongside his new title.
MENTIONED IN THIS ARTICLE
First National Bank of Nevada
Harry D. Fletcher
FNB
South Boulevard
Howard T. Davis, Jr
Bank
Davis
American Institute of Banking
Walter FE. Washington
D. C. Baggio
Las Vegas
Washington
Nevada
Western High School
University of Nevada
Reno
First National
G.F
Phoenix
GFI
Natural Resources
G.F. Industries
Chesebrough Pond Nyse
Commonwealth United Ase
Paramount Pictures
Gulf & Western
Meshulam Riklis
Armour
Glen Alden
Empire
General Host
Greyhound
Inkster Named Reynolds Area Sales Rep in Las Vegas
F J Inkster promoted to area sales representative for Las Vegas by R J Reynolds Tobacco Co. Inkster, a 1965 hire, will oversee distribution and sales of Reynolds cigarette brands and other tobacco products in the region. He resides at 2008 Willoughby Ave Las Vegas with wife Georgia Lee.
MENTIONED IN THIS ARTICLE
F. J. Inkster
Las Vegas Area
R. J. Reynolds Tobacco Company
Winston-Salem
N.C
Inkster
Reynolds
Las Vegas
California
Inkster Is
Willoughby Ave
Las Vegas, Nevada
His Wife
Georgia Lee
No Load Fund In Operation Incentive Fund Launches
Incentive Fund Inc a Los Angeles mutual fund known as No Load Fund In Operation begins this month. It uses short sales warrants and leverage with a 0.5 percent base management fee and an incentive fee up to 5 percent on net asset growth above 100 percent. Charles Lewsadder serves as president with Kenneth Yan-On-Kwan and Henry G Eschen as vice presidents. Other directors include Charles Kimball Fletcher Jr Bruce E Fritch John Kell Housels Jr Arthur Murray Robinson and Ernest C Wilson Jr.
MENTIONED IN THIS ARTICLE
Incentive Fund, Inc
Charles Lewsadder
Kenneth Yan-On-Kwan
Henry G. Eschen
Charles Kimball Fletcher, Jr
Bruce E. Fritch
John Kell Housels, Jr
Arthur Murray Robinson
Ernest C. Wilson, Jr
Optimistic Outlook For Five Western States Forecast
The Western Business Forecast panel of 1000 members predicts a strong third quarter for 13 western states. Eighty four percent expect activity in Q3 1969 to meet or exceed Q2, with 85 percent forecasting growth versus Q3 1968. Southern California Arizona Nevada shows the highest optimism, while Agriculture and Extractive remain least optimistic. Manufacturing leads gains among industries with a seven point rise from the prior quarter.
MENTIONED IN THIS ARTICLE
Western Business Forecast Panel
Prudential Insurance Co
California
Arizona-Nevada
Raytheon Wins Three Defense Contracts Totaling 22.7 Million
Washington UPI reports Raytheon Co. secured three defense contracts worth 22.7 million dollars. Two contracts came from the Navy and one from the Army.
MENTIONED IN THIS ARTICLE
Washington
UPI
Raytheon Co
Navy
Army
FRB considers limits on federal funds to curb bank deposits
The Federal Reserve Board weighs new rules to curb banks using federal funds transactions to pay interest on short term corporate deposits. The proposal would ban such payments while allowing interbank loans to continue. Public comments are invited within 30 days.
MENTIONED IN THIS ARTICLE
Washington
UPI
The
Federal Reserve Board
Federal Reserve
Federal
U.S
State Industry Teamwork Urged By Lockheed President
Seattle speech by A Carl Kotchian urges closer state private industry collaboration to improve efficiency and economics in government. He cites computerized systems, hospital and blood inventory, and educational programs as proving tools and calls for long term planning and innovation. Public leadership is needed to apply these state of the art tools to state problems.
MENTIONED IN THIS ARTICLE
Seattle
Lockheed Aircraft Corp
A. Carl Kotchian
Kotchian
Lockheed
America Northwest
Union Oil Increases Dividends to 40 Cents Per Share
The Union Oil Co of California board raised the current quarterly common stock dividend to 40 cents, from 35 cents. President Fred L. Hartley cited recognition of growth. Preferred dividends remain 12.5 cents quarterly. Payable Aug. 9 to shareholders of record July 10.
MENTIONED IN THIS ARTICLE
Los Angeles
Union Oil Co
California
Fred L. Hartley
Common
Preferred
Lucky Lady Clubs Open National Marketing Offices in Las Vegas
Grand opening in Las Vegas highlighted by executives from Lucky Lady franchise and Hyatt Elster’s division and Joseph Schlitz Brewing Co. Presenters include Robert Abbott and Richard Wiseman. New clubs planned across multiple states by 1970 with a focus on affordable entertainment for ages 21 to 35.
MENTIONED IN THIS ARTICLE
Las Vegas
Lucky Lady Clubs
Elsters Div
Hyatt Corp
Joseph Schlitz Brewing Co
Milwaukee
Wis
Washington
Oregon
Colorado
Texas
Nebraska
Kansas
Arizona
Nevada
Utah
New Mexico
North
South Dakota
Montana
Robert Abbott
San Francisco
Richard Wiseman
Edward Koch
Walter Wiseman
Alwin
Flamingo Road
George Shay
Joseph Schlitz Brewing Company
James Panagus
Daryll Ritter
Fannie Mae Grants First Time Construction Lending In FHA Projects
Federal National Mortgage Association will participate in construction lending for low and moderate income FHA guaranteed multi family housing. The FNMA board authorized entry into this field with lender participation rules and commitments under the 236 and 231(d)(3) programs. Regulations will be issued soon.
MENTIONED IN THIS ARTICLE
Federal National Mortgage Association
FHA
Fnma Board of
FNMA
Raymond H. Lapin
Addingmond H. Lapin
Wall Street Outlook and New Issue Activity Review
Market researchers argue the market is falling to a justified level amid political and economic troubles, with the Advance-Decline line showing deeper weakness and discouraging short term plays. The piece lists upcoming offerings from AABCO, Connor Homes, Digicon, and others, noting investor confidence and a robust new issue market despite volatility.
MENTIONED IN THIS ARTICLE
Aabco Industries
Brown Enterprises, Inc
A. G. Edwards & Sons, Inc
Connor Homes Corp
Dominick & Dominick, Inc
Digicon Inc
Sharson & Hammill
Aberley Industries
Sierra
Also Mentioned on This Page
Dell Wade
Fulton
Newmont Mining
Robert B. Fulton
Newmont Mining Corporation
Plato Malozemoff
Newmont
United States
Dawn Mining Company
Carlin Gold Mining Co
Hecla Mining Corporation
Eastman Dillon Commercial Paper Dealer
Eastman Dillon
Union Securities & Co
Richard J. Verdu
Verdu
Chase Manhattan Plaza
New York
Goldman, Sachs & Co
National Bank of North America
Verdue
St. John’s University
New York University Graduate School of Business
Robert Morris Associates
Treasury Division
Association of American Railroads
Downtown Athletic Club
Bankers Club of America
Graduate School
St. John's University
Eastman Dillon, Union Securities & Co
East Carson Avenue
Lady Luck Clubs
FRB
Union Oil
Hartley
Fannie Mae
Johannes Steel
Wall Street
Ace Industries
Gertron Corp
Downe Communications
Fremont Insurance Agency
Las Vegas Blvd
Heers Roeder
Travel
Dreyfus Fund
Samuel B. Franklin & Co., Inc
Ora M. Green
1St National Bank
E. Carson
City & State
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