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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Apr 04, 1963
Page
2
Reader asks how much to pay for 100 shares traded on the New York Stock Exchange. Doyle outlines possible costs, confirms market price execution by a floor broker, and explains that confirmations show per share cost and commissions. He also discusses broker integrity and notes debentures versus straight bonds as unsecured debt securities.
President Kennedy indicated the United States hopes Khrushchev will recall about 12 000 to 13 000 Russian personnel still in Cuba. He noted March withdrawals of roughly 4 000 and total removals near 9 000 since the crisis peak, with 21 000 to 22 000 then on the island and 5 000 combat troops remaining.
Scottsdale city council approved a committee to study and establish fire zones using the uniform building code. Members include Don Van Ness Joe Wong Jack Cummings C O Gilliam Leu Wittman Von Shaw Gordon Giles and Robert Kahl Building Inspector Mason Hewitt outlined central buffer and residential zones and noted zoning affects building permits insurance ratings and where facilities like a dry cleaning plant may be located Shaw and Wong were named to fill vacancies on the board of building appeals.
Western sources report eight neutral delegations at the 17 nation Disarmament Conference are tired of Russia’s delaying tactics. Private talks suggest many neutrals doubt Russia’s commitment to disarmament. No formal session was held today.
The Progress corrects a report that 21 Scottsdale High students walked 50 miles last month. It states only Bruce Cummings Dave Ratajski and John Zenor completed 50 miles in 2:19, while 21 students walked the distance. The trio hold Arizona's best 50 mile hike time.
Postmaster O. C. Wilson announced that beginning July 1 1963 the Scottsdale Post Office will recognize two unions under President Kennedy’s 1962 executive order. The National Association of Letter Carriers Local 4619 will represent letter carriers and United Federation of Postal Clerks Local 4722 will represent clerks.
Readers share views on what makes a true friend. Burt Balonick cites consideration and space as key traits. Emma Iacone values acceptance and casual companionship. Jean van der Willigen praises loyalty shown in hardship and consistent support.
President Kennedy stays on a steady economic path despite Republican pushes to trim the 1964 budget. He cites past Eisenhower era cuts as risky, warns of recession and slower space progress if cuts move forward. He also notes Cuba troop estimates and opposes polygraph use in internal inquiries.
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