Par Value Blurs in Stock Merger Tax Rules
A reader asks if a merger with par values differing from the original stock creates a tax loss. The answer: no loss exists. cost basis transfers to the new shares. If the new shares sell for more, a gain results. Additional notes cover Wood Newspaper Machinery stock and investment advisory services.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Racquet Club Plans In Limbo Amid Court Case
Plans for the Racquet Club at 5700 E. McDonald Drive are in doubt after a Superior Court suit by Arizona Savings and Loan Association receivership to force sale. The suit accuses buyers Braiker and Wachter of failing to pay 289144 due August 1, while a second down payment of 100000 was made and a 2500 monthly schedule agreed. Louis Levine is named with a 100000 down payment and a second mortgage. Club manager Nick Quarty offered no comment on the future while Frank Thomas seeks a use permit for resort units and Braiker sought a 200 room hotel on Camelback Mountain but was rejected by the town planning commission.
MENTIONED IN THIS ARTICLE
E. McDonald Drive
Arizona Savings and Loan Association
Morton Braiker
M. F. Wachter
Louis Levine
Braiker
Nick Quarty
Frank Thomas
Club
Paradise Valley
Camelback Mountain
Town Planning and Zoning Commission
Lunches a bargain as Scottsdale schools hire long-time food officer
Miss Ruth Goodman named assistant to the director of food services in Scottsdale District to train 185 employees across 19 schools. The 25 cent daily lunch serves 15 000 students and aims for $1.1 million in yearly sales. Goodman, Cornell and University of Chicago graduate, brings 20 years in the field and will standardize menus, cut waste, and supervise equipment use as she builds efficiency across district kitchens. She has taught at Cincinnati and Minnesota institutions and served in the Red Cross during World War II era.
MENTIONED IN THIS ARTICLE
Ruth Goodman
Scottsdale
Goodman
Cornell Univer
New Southwest Area Climatologist Based at ASU
Milton L. Blane is named the Southwest Area Climatologist for the Office of Climatology, U S Weather Bureau. He will office at Arizona State University in Tempe and supervise state climatologists in six states. The role shifts duties from the southeastern region and focuses on arid zone climatology amid ASU growth.
MENTIONED IN THIS ARTICLE
Phoenix
Milton L. Blane
New Southwest Area
Office
U.S. Weather Bureau
Arizona State University
Engineering
Arizona
Colorado
Nevada
New Mexico
Oklahoma
Texas
Utah
Blanc
Florence
Margery
Paul
Christine
Scottsdale
Granada Rd
Climatic Advisory Services
Office of Climatology
Washington D.C
Southwest Area
Southeastern
Weather Bureau
ASU
The
Tempe
Blane
Weather Bureau Service
Des Moiines
Iowa
Kansas
Florida
University of Maryland
Commission For Agricultural Meteorology
World Meteorological Organization
United Nations Agency
U.S
Paris
Warsaw
Toronto
American Meteorological Society
American Society For Agronomy
Washington Academy of Sciences
Alpha Zeta
Agriculture
Sgt York Off Serious List At Veterans Hospital
World War I hero Sgt. Alvin C. York, admitted after a fever, was taken off the serious list at the Veterans Hospital in Nashville Tennessee Sunday night. Officials could not determine the fever's cause and York was brought from Pall Mall Tennessee last week for treatment.
MENTIONED IN THIS ARTICLE
Nashville, Tenn
UPD
Alvin C. York
Veterans Hospital
York
Pall Mall
Tenn
S&H Opens Large Stamp Redemption Center at Thomas Mall
Sperry and Hutchinson Company leases 10,890 square feet at Thomas Mall on Thomas Road and 44th Street for its Phoenix stamp redemption center. It is the state's largest of 10 and one of more than 800 nationwide. Manager Mrs. Juanita Deubler will run the 1,140-foot enclosed mall space with conveyor-belt service to customers.
MENTIONED IN THIS ARTICLE
Sperry and Hutchinson Company
Phoenix Stamp Redemption Center
Thomas Mall
Thomas Road
44Th Street
S&h
Juanita Deubler
26Th Place
Phoenix
Also Mentioned on This Page
William A. Doyle
Q. I
Cor. 5Th Ave
N. Scottsdale Rd
APT
Ty Panavision
United Artists
Food Services
Bill Pedersen
Sity
University of Chicago
Miss Goodman
Cincinnati
Ohio
University of Cincinnati
New York
Australia
Philippines
New Guinea
Germany
American Red Cross
University of Minnesota
St. Paul
Minneapolis Public Schools
University of Colorado
Denver Public Schools
Food Service
Pedersen
Mrs. Goodman
Sgt. York
VA Hospital
Sterling
Scottsdale Road
Thomas
Guain
Featuring
City Hall
Boys Club
C. of C
State
A.S.A. Sports
Charities
Goldwater
Childs
Considine
Drummond
Freeson
McDowell
Molly Mayfield
McGill
Vaughan
Jane Arden
Blasr Blair
Ferdinand
David Crane
Mickey Finn
Red Ryder
Superman
Buz Sawyer
Scottsdale Daily Progress