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Scottsdale Progress in Scottsdale, Arizona

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Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

Jan 22, 1976

Page

5

Tax break for home buyers in 1975 program explained

The $2000 maximum 5 percent credit for new home purchases explained. Eligibility required pre March 26 1975 construction, occupancy after March 12 1975, price at the lowest asked since Feb 28 1975, and binding contract by Jan 1 1976. Credit applies to 1975 returns if occupied in 1975, otherwise 1976.

R. Gregory Nokes Associated Press Washington Senate Democrats Ford Congress IRS

First National Bank of Arizona Reports 1975 Earnings

The bank reports operating earnings of 9.8 million dollars or 5.35 per share for the year ending December 31, 1975, up 11.1 percent from 1974’s 8.8 million dollars or 4.81 per share.

Phoenix First National Bank of Arizona

Nortrust reports record earnings for 1975 in Arizona

Nortrust Corporation the parent of The Northern Trust Co of Arizona reported a record operating year in 1975 with net operating income before security gains and losses of 26.752 million, up 6.6 percent from 25.103 million in 1974. Earnings per share rose to 5.35 from 5.02.

Nortrust Corporation Northern Trust Co Arizona E. Camelback Rd Northern Trust Company of Southwest Robert A. Williams, Jr Scottsdale

Commodity Closings From Daily Market Report

Today's closing quotations from Madda Trading Co list London gold at 125.75, IMM Mar gold 125.90, silver 3.897/10, platinum 142.40, copper 43 cents, Mar wheat 3.4834, Mar corn 2.6844, Mar soybeans 4.75 halves, Feb live cattle 38.12, Feb live hogs 47.15, Feb pork bellies 71.77, fresh eggs 57.3 cents, May Maine potatoes 1.50, Mar plywood 154.00 per thousand sq ft, Mar cotton 60.6 cents, and Mar sugar 13.38 cents. Market not closed on above items.

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Cooperation urged to boost Valley tourism promotions

Ted G. Sprague executive vice president of Phoenix and Valley of the Sun Convention and Visitors Bureau told Scottsdale realtors cooperation among Valley cities is needed to attract conventions and summer visitors. He cited budgets and staffing as limits and noted Arizona ranks low nationally in tourism promotion. He urged local businesses to fund a larger bureau budget through memberships. Sprague previously led Denver's bureau and has extensive West Coast experience.

David Lucas Scottsdale Board of Realtors Ted G. Sprague Phoenix Valley of the Sun Convention and Visitors Bureau Board of Realtors Florida Acapulco Las Vegas Sprague Phoenix Civic Plaza Scottsdale Scottsdale-Phoenix Srague Valley Arizona Convention Bureau Convention and Visitors Bureau Denver Colorado California

Charter agency expands TRIP Inc expands charter services

TRIP Inc of Scottsdale has been appointed broker and charter agent for Continental Trailways Bus Co expanding its wholesale tour packages and chartering capabilities nationwide. The firm buys Rhodes Travel Service at Rhodes Department Stores Metro Center and at Camelback Road. Mrs. Tom Neeper named manager of Metro Center store and Eric Cousins to run Camelback Road location. Tom Neeper to supervise both stores and act as marketing director.

Trip Inc Scottsdale Continental Trailways Bus Co A.j.collins United States Collins Rhodes Department Stores Metro Center 18Th Street Camelback Road Rhodes Travel Service Tom Neeper Metro

SRP sells $100 million in bonds at 7.17 percent net cost

Salt River Project sold $100 million in municipal revenue bonds at a net interest cost of 7.1716 percent after negotiations with five bond firms. The issue, 1976 Series A, dated Jan 1 1976 and delivered late January, will finance additions to Coronado Hayden Navajo Craig and Palo Verde stations. Bond ratings surpassed last year with A plus from S and P and Aa from Moody’s. Proceeds support electric facilities and ongoing projects, with tax-exempt interest per bond counsel.

Phoenix Salt River Project SRP Standard and Poor’s Corp Moody's Investors Service Inc Kidder, Peabody & Co Boston Corp Goldman, Sachs & Co Halsey, Stuart & Co Merrill, Lynch Coronado Hayden Navajo Craig Palo ‘Verde

Also Mentioned on This Page

Ath Rst National Bank Nortrust New York Stock Exchange Dow. Jones York of Volume Stock Exchange Pat Relian Waco Nam Wa Uniona Inc American Exchange American Stock Kanebs Ow Exchange Aegis Corp LoewThe Alamera Bornes Eng BradRa McCulo Medenco Brewer Milgo Elect Cinerama Newpark EarthRes PanOcean Frontier Air Gearhart Ryan H Goldfield Cp Sambos Va Instrum Sys Vikoa Inc Invivers Westats IT Corp WyleLab Xonics Inc Jetronic Ind Kaisrind Madda Trading Company, Inc Chicago Mercantile Exchange Charter Agency Pierce, Fenner & Smith Coll Ray Anderson Scottsdale Auto Lease Bennington Vermont John Stark Burgoyne Saratoga E. Earil
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