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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Aug 20, 1963
Page
3
In OTC markets bid and asked quotes are approximate and can shift rapidly. A wide spread like 34 to 38 indicates a thin market with few shares available, causing dealers to set flexible quotes. A broker may fill between quotes, but selling can fetch below the last bid and buying above the last ask.
Alfred Sheinwold argues that simple defensive signals fail to reveal partner’s hand. A club opening led to misread signals as South’s false carding altered the trick outcome. East should have inferred partner’s lack of encouragement and changed play accordingly.
Lloyd A. Bimson of Phoenix and Scottsdale School Board was elected to a three year term as director of Robert Morris Associates in Philadelphia. He has led Arizona banks and served in civic groups including United Fund and Red Cross while advancing from Valley National Bank to Arizona Bank.
Mayor Schrader will send copies of a proposed sewer arbitration clause to the councils of Phoenix Tempe and other partner cities despite doubts it will pass. City Attorney Burton notes the clause mirrors San Diego and would use impartial arbitrators with a third to resolve disputes. Tempe backs clarifications while attorneys warn arbitration may end up in court anyway.
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