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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 17, 1963
Page
9
The piece explains how a company can acquire another by buying stock or offering cash or its own stock in exchange. It defines wholly owned versus controlled subsidiaries, describes absolute and working control, and clarifies how book value per share is computed from assets minus liabilities divided by shares outstanding.
Scottsdale Chamber of Commerce and the Scottsdale Junior Woman's Club sponsor a holiday lighting contest. Entries must be mailed or phoned by Saturday noon with entry blanks available at several local offices. Judging emphasizes theme continuity lighting technique originality and artistic merit. Winners announced by Christmas Day with a grand prize accent rug from Western Floor Covering.
Arizona Progress and Valley National Bank forecast rising housing demand in the Phoenix and Tucson markets over the next several years based on eight years of residential construction data. The study shows 315 housing unit authorizations per 1 000 population, with Tucson adding 33 943 units and 108 000 residents and Phoenix 110 184 units and 350 000 residents from 1956 to 1963. It notes over-building in 1958 1959 and a shift toward more apartments, potentially increasing total housing needs even as population grows.
A J Collins, Scottsdale Chamber of Commerce manager, named to the Inquiry Procedure Committee of the American Chamber of Commerce Executives. William E Dauer, ACCE president, says Collins has distinguished himself in chamber administration and will aid policy adoption and inquiry programs across the 2300 member local chambers.
Arizona Progress reports only 15.5 percent of land privately owned, totaling 11.3 million acres. Indian tribes hold over 27 percent, about 19.6 million acres, while the federal government owns 32.5 million total acres, and the state 9.3 million acres. The latest large sale transferred 12,990 acres at Site Six on Havasu Lake Mohave County.
The Bandung gathering of 29 nations signals China s drive beyond Asia into Africa as Chou En Lai and Chen Yi press to undermine Soviet influence, seek new Bandung type conferences, and frame Africa as a battleground in the Cold War colored by racial solidarity. Tanganyika officials resist Red China weaponizing Afro Asian solidarity and warn against foreign enemies chosen for Africa.
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