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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Apr 27, 1971
Page
3
Glen E Crandall of Scottsdale received the A H Robins Bowl of Hygeia Award for outstanding community service at the Arizona Pharmaceutical Association convention in Phoenix.
Amid Boeing losses and space program cutbacks in Seattle, two young men Jim Yongren and Bob McDonald paid 160 dollars to raise a large billboard for travelers exiting the city. The sign reads The last one to leave Seattle please turn off the lights.
Glosten, president of the Financial Institute of the West, explains NASDAQ as a central computer driven quotation system for OTC stocks. Brokers worldwide can retrieve current prices instantly via a terminal, removing uncertainty and delay for investors.
The Sauter Insurance Agency of Scottsdale is named a 1971 Select Circle Agency by Central Mutual Insurance Co of Van Wert Ohio. Mr and Mrs A E Sauter receive a plaque at a San Diego meeting to mark the recognition.
Wall Street analysts in New York report no sustained selling under a rising market. They foresee economic pickup into 1972 and note attractively priced secondary issues and potential gains in special situations. Corporate finance is moving toward equity as bonds weaken, triggering a stampede toward stock with a forecasted flood of arbitrage paper testing bullish faith.
Arizona tourism and travel expenditures rose to 565 million, up 35 million from 1969, with hotel and food costs driving the increase. Arrivals at Sky Harbor and Tucson airports grew modestly, car entries climbed 15 percent, and national park visits reached 6,027,300. Major attractions included the Grand Canyon and Casa Grande.
Albert G. Wendt of Cannon and Wendt Electric Co. Phoenix is Arizona's Small Businessman of the Year for 1971. The firm grew from 150000 in 1964 to 2800000 last year and expanded staff from four to 65, peaking at 125, with a 50-vehicle fleet and inventory over 1.1 million dollars.
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