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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Feb 01, 1967
Page
6
Dean Witter & Co says investors reappraise 1967 prospects, driven by President surtax proposals and a shift toward fiscal measures. The easing of inflation pressures lowers credit strain, freeing funds from 1966 to invest in stocks, with willingness to accept higher price earnings ratios noted.
The Board of Regents approved a $1.5 million contract with Dell Webb Corp for an 84 000 square foot College of Business Administration building at Arizona State University. The three story facility will hold 17 classrooms for 1 230 students and sit north of Goodwin Stadium on College Avenue.
Dickson Electronics Corp. receives a Los Angeles Defense Contract Administration letter allowing direct shipment of components to government prime contractors without a quality assurance signature on shipping documents. The authorization targets firms with proven quality control for aerospace and military parts in Southern California, Arizona, and parts of Nevada to speed deliveries and reduce delays.
Thrifty Drug Stores launched its annual Dollar Days sale across 286 stores in seven Western states. Manny Borun, executive vice president, cited long customer anticipation and a record 37th year with rock bottom prices. Scottsdale store manager James Padgett noted Dollar Days tags on items such as step-on plastic wag tags, spin cast fishing rods, ceramic novelty banks, and 45 RPM records.
Tom Sheridan of Greater Arizona Savings and Loan announced the sale of more than seven acres on Scottsdale Road just south of Palm Lane to Johnny Rivers of Beverly Hills a recording artist. The property fronts about 538 feet on Scottsdale Road and runs 600 feet deep. The land sold for in excess of 480000 dollars. Sheridan said the Maricopa County real estate market is very firm at the present time.
Sidney Loofborough announces his acquisition of Coronado Electronics Associates at 8134 BE Granada Rd. The company serves as a manufacturer's representative for various electronics segments. Loofborough, Illinois Wesleyan graduate, brings 14 years in the electronics field and will focus on Arizona marketing.
Stan E. Johnson has been named head of the new commercial and investment department at Henderson Realty. He will base in Scottsdale with oversight of the Scottsdale and Phoenix offices. Johnson brings a decade of Arizona real estate and investment experience and previously led sales at a Kansas City development firm. He studied at Washburn College and the University of Notre Dame. He resides at 6316 E Virginia Ave.
The Valley of the Sun Industrial and Junior Achievement Trade Fair starts Friday at 6 p.m. at the Arizona State Fairgrounds Exposition building. About 1,000 youths aged 15 to 19 from Mesa Tempe Scottsdale Glendale and Phoenix participate in JA Learn by Doing with 45 Valley JA companies and many sponsoring firms. The fair runs Friday 6 to 9 p.m Saturday 11 a.m. to 9 p.m and Sunday 1 to 9 p.m with live entertainment and remarks by Trade Fair chairman Bob Sherer.
The Phoenix office of the Insurance Co of North America presented CARE, Inc. a 3500 prize for a nationwide sales contest. Instead of gifts to salesmen, INA donated the funds to CARB for distribution in the Philippines and India. Ruth Yardell and Kusum Gupta accepted on behalf of their countries.
Frank L. Snell of Scottsdale received the Phoenix Advertising Club’s Man of the Year honor for outstanding community service. Snell, a Snell and Wilmer partner, has long served in civic roles including Live stock Show chairman and former Phoenix Chamber president. He resides at 5201 E Arroyo Rd. in Paradise Valley.
Valley National Bank promotes Ross D. Stone from trust representative to trust administrator and William P. Wileman to assistant vice president in the statewide instalment loan department. Promotions approved by directors and announced by President James E. Patrick. Stone, an Ohio native, holds Michigan Bankers Association School of Banking and UM degrees. active in Scottsdale community work and church activities. Wileman, a Texas native, earned a BBA and MBA from Southern Methodist University.
About 7,000 people toured a model home built by sons of Olympus '67 in Paradise Valley over 16 days. The Home Builders Association noted 1,526 visitors on one day as a crowd gathered to view the house purchased by Mr. and Mrs. D. E. Snelling formerly of Houston, Texas.
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