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Newspaper
Phoenix Gazette
Location
Phoenix, Arizona, United States of America
Date
May 31, 1965
Page
19
The market constantly evaluates stock value with prices like 45 dollars signaling fair value for XYZ at the moment. Many quality stocks are held by institutional investors, implying current prices of widely held stocks are within stri king "fair" range as pros would regard them. Shulsky invites readers to mail investment lists to The Phoenix Gazette.
International Molders Union members began a strike at Aerojet General in Azusa at 12:01 a m after failed talks. Sacramento plant workers had approved a strike at 12:01 the next day. About 1,500 Azusa and 4,000 Sacramento members join, with nationwide picketing at facilities including the Nevada Atomic Test Site and Todd shipyards in LA.
Public bid opening held at the Arizona Highway Department Phoenix for J 40-5(33)283 and 40-5(36)286. Navajo County work covers 7.6 miles from Holbrook toward Lupton with grading base paving bridges and overpasses. completion by December 31 1965. Bidders must meet prequalification and respond with a five percent bid guarantee. plans cost 15.75 and are nonrefundable.
Cleveland AP report from Steel magazine shows roughly 60 million tons produced in the first five months, up from 51.1 million a year earlier. Melting furnaces run despite Memorial Day holiday with backlogs supporting steady orders for plates, galvanized sheets and construction steels, as labor uncertainty and defense orders shape demand.
Emerson Radio & Phonograph Corp posts 26 weeks ending May 1 earnings of 1,116,363 or 50 cents a share versus 923,336 or 42 cents a share a year earlier. Other companies show varied figures including Missouri-Kansas-Texas Lines losses for 3 months to March 3 and City Electric Co net income of 10,304,126 for year end.
Mountain Shadows in Scottsdale earned a five star rating from The Guide and named Steven Karlik Jr as vice president and director of marketing. William Asher was appointed marketing director while also overseeing Kalum capacitor operations. Mesa Industrial Development Corp. notes nine industrial prospects eyeing Mesa with Aviation Specialties considering an 18 000 square foot facility at Falcon Field and additional prospects including a women’s garment manufacturer and an atomic energy firm.
Seagrave Corp expands its portfolio with the acquisition of Cheesman Elliott Co a Brooklyn paint manufacturer marking its fourth purchase this year. The deal adds to Seagrave’s growing network of specialty manufacturers.
Aluminum shipments and prices climbed in the first quarter according to the aluminum association. Shipments reached 657.6 million pounds, up from 529.9 million a year earlier, with sheet and plate prices advancing about a cent to 35 cents.
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