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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 28, 1966
Page
4
Arizona life insurance totals rose to nearly 7 billion with protection up 850 million or 14 percent in 1966. SGLI added 10 000 per serviceman. ordinary policy purchases reached 862 million, up 71 million from 1965, while death benefits paid reached 34.1 million.
Ed Thirkhill Realty expands offices in Scottsdale at 77 Third Ave. West within the 77 Building expanding residential commercial and property management divisions. Phoenix office at 100 W Camelback Rd triples square footage adding new areas and enlarging others.
H. W. Chuck Cronrath former executive director of Del E Webb Corp Towne House and Mountain Shadows hotels was chosen for a two year term on the executive committee of the American Hotel Motel Association Cronrath will represent the 14th District including Arizona California and Hawaii His election occurred at the annual board meeting in San Francisco.
Dean Witter & Co. issues a bullish study on Anaconda Copper, predicting 1966 earnings of 12.55 per share and 1965 of 7.27. The report notes 40 percent of world copper reserves controlled by Anaconda and plans $500 million in capex 1967-70, with Chilean earnings about 56 percent.
Tilton Keefe of the Scottsdale Real Estate Board says mortgage credit is available for qualified buyers and recommends acting soon as land prices rise. He notes fewer homes and higher prices ahead, with housing starts at 20 year lows and costs up four percent last year. He argues a home purchase today could rise about five percent in value next year and that real estate remains a strong inflation hedge.
More than 30 percent of 100000 square feet displays are reserved for early signing exhibitors at the Arizona Home Beautiful Show in Phoenix from March 30 to April 2. The event at the Arizona Veterans Memorial Coliseum includes the Dancing Waters Pageant and runs daily near 10 p.m. Co sponsored by the Valley of the Sun Electric League and others, the exhibit features booths for home decor appliances kitchen modernization lighting air conditioning home furnishings remodeling and more.
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