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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Sep 29, 1963
Page
40
New York stocks slipped after a brief record, with the Dow Jones average closing at 737.98 on Friday. Gains earlier in the week were erased by profit taking, weak auto sales, and a market broad decline led by blue chips, despite a Tuesday spike and a Chrysler pickup on good production news.
The Better Business Bureaus association announces its district convention will be held in Las Vegas October 20 to 23 1963 at the Hotel Sahara Delegates from California Oregon Idaho Arizona Washington and Nevada including cities such as Bakersfield Los Angeles Oakland Sacramento San Francisco Portland Tucson Vancouver and more will attend Lee F Roeder manager of the Southern Nevada bureau cites attendance by Victor H Nyberg president of the association and John J Burke of the National BBB who will also attend
Libby, McNeill & Libby president Robert L. Gibson Jr told stockholders in Portland that sales and earnings for the first two months of the new fiscal year are ahead of last year. Two new directors were elected as the board expands from nine to eleven. Christian Cardin of Paribas Corporation and Hans J. Wolflisberg of The Nestle Company join the board, with all nine current directors re-elected.
Washington reports a national forest timber cut of 10 billion board feet in the year ending June 30. This sets a new record, surpassing the prior peak of 9.4 billion in 1959 86.
Ramada Inns Inc president Marton W. Isbell announced the board declared the fourth quarterly 20 cent dividend payable December 3 to stockholders of record December 20, totaling 80 cents per share for the first year. The company reports stockholders at over 1400 and a 3 percent room growth with 7601 rooms open or under construction.
Bonanza Air Lines adds four new round trip flights from Las Vegas next month. On October 1 nonstop service to Ontario California begins increasing daily between Las Vegas and Ontario to five trips. Phoenix service rises to six round trips daily with four nonstop. Reno service also expands on October 27 to four round trips daily.
Edward R. Rowley elected a National Lead Company director succeeding Winthrop Sargent Jr and president of Titanium Metals Corporation of America, jointly owned by National Lead and Allegheny Ludlum. ITT announces H. S. Geneen’s effective Oct 1 administration. ITT is a leading electronics and telecommunications supplier. Jim Freshwater and Bob Cook attend American National Insurance regional training in Portland, Oregon, Sept 1921. J J. Shragia named Nevada chairman for 1963 4-H fund drive. Sbragia leads Nevada banks in 1962 giving ranks.
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