Investor explains Comsat shares trading above offer price
William A. Doyle clarifies stock activity after Comsat public offering. He notes 5 million shares were offered at $20 and fully sold within minutes. Trading on June 2 saw about 500,000 shares flip hands for quick profit, with the price peaking around $26.50 before settling near $23 to $24. his broker paid $23.50 for 50 shares, a fair post‑offer purchase rather than a pre‑sale allocation.
MENTIONED IN THIS ARTICLE
Communications Satellite Corp
Comsat
Wash Play Area Meeting Slated
A public meeting to discuss recreation areas along the Indian Bend Flood Control Channel is set for Wednesday at 7 30 p m in city council chambers. City officials say the Special Committee, councilmen, and Maricopa County Flood Control District representatives will attend with Army Corps of Engineers officials. the project awaits Congress approval and a $115 million county bond vote is planned for next spring to secure federal matching funds.
MENTIONED IN THIS ARTICLE
Indian Bend
Maricopa County
Richard Malcolm
John Lowry
Corps of Engineers
Bridge Lesson on Over-ruff and Trump Rules
East should not over-ruff a high trump when holding length and strength in trumps. The text analyzes a bridge hand where East misplayed by pouncing on partner, risking the partnership. Correct play involves winning with the ace of hearts and maintaining position to force South into a disadvantageous ruff.
MENTIONED IN THIS ARTICLE
West
East
South
Declarer
Permits Top Over Million in Local Building Activity
The city issued permits totaling $1,097,727 in August led by Navajo Elementary School at 4525 N Granite Reef Rd for 138,000 and a 12 classroom project. Large permits include Walter Ong shopping center at 8001 E Roosevelt for 175,000 and Gorway Auto Service Center at Hayden and McDowell for 65,000. Scottsdale School District also received 485,000 for Apache Elementary near Roosevelt and McDowell. Portable classrooms were approved at Paiute Elementary and Navajo Elementary for 18,000 and 27,000 respectively.
MENTIONED IN THIS ARTICLE
Navajo Elementary
Granite Reef Rd
Walter Ong
E. Roosevelt
Gorway Auto Service
Hayden and
McDowell Rds
Saba
Western Wear
E. Main St
Scottsdale
Apache
Roosevelt St
McDowell Rd
Hayden Rd
Paiute Elementary School
E. Osborn Rd
Navajo Elementary School
City spending edges revenues as July totals disclosed
City records show expenditures of 292 080 and revenues of 250 932 for the first month of the 1964 65 fiscal year. Finance Director Don Van Dyke notes a cash carryover of more than 290 000 and that expenditures and revenues are ahead of last year though early for meaningful comparisons.
MENTIONED IN THIS ARTICLE
City Finance Department
Don van Dyke
Aash
van Dyke
Also Mentioned on This Page
William A. Doyle
Wash
Malcolm Said
Arthur Potter
The
Army Corps of Engineers
Withhold
Alfred Sheinwold
Sheinwold
Boysen
Guagy
Guggy's
Guggy
Chris-Town
17Th Ave
Bethany
FIR
Tower Plaza
38Th St. & E. Thomas Rd
Mesa
Maricopa ‘Motor Hotel
Lottes
Hamman‘lumber CO
E.thomas RD
Scottsdale, Ariz
Paks Fem PS
Cheamelat
Corvair
East McDowell
ScottsdaLe Road
Lee Optical. Play
Zorraron
Yuma
4Th Ave
Theson
Old Scottsdale Rd
Tempe
Mill Avenue
Tempe Center
West Main
PHOENIX _ 16
W. Adams St
Christown 19Th Ave
Bethany Home Rd
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