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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jan 27, 1964
Page
5
The phrase means a stock that has fallen in price but is expected to reverse and rise. It discusses how investors seek such turnaround situations and cautions about jargon in market writing. It also explains the difference between income and return of capital in annuities and why tax free portions are misrepresented.
The ninth annual convention of the Savings and Loan League of Arizona will convene Saturday at the Valley Ho in Scottsdale. Rex E. Staley, the president, says registration starts at 9 a.m. New officers and directors will be elected and installed. Kenneth G. Heisler of the National League of Insured Savings Associations will be the luncheon speaker. The league serves 12 savings and loan associations with 54 offices statewide, totaling 655,571,652 in assets. dividends for Q4 1963 topped 5 million.
In a bridge problem the player must decide left or right hand finesse. After a spade ruff and a club finesse, East's queen wins a trick, and a trump return forces a second round of play. The advice is to lead a spade second, then exploit the pattern to safely finesse clubs toward the dealer's opponents.
The Bank of Scottsdale reports deposits nearly doubled in 1963 with a 48 percent rise over 1962 and total assets up 41 percent. At a board meeting president E. J. Rusing announced two new directors Arnold A. Smith and Harry Gelt and said Gelt becomes VP for phones development. The annual stockholders meeting is set for March.
UPI reports Atty. Gen. Robert F. Kennedy concluded his London visit with talks with Prime Minister Alec Douglas-Home. The discussions reportedly covered Malaysia, Indonesia, and a broader Southeast Asia peace effort. Britain reportedly asked the United States to consider sending troops to Cyprus to support the British force there, but Kennedy gave no firm reply.
Hanny's announces Basil Pastel of 6644 East Coronado named general manager for the Thomas Mall location opening Thursday. Pastel joins from the downtown store where he served as salesman and assistant clothing manager since 1958 after relocating from Cleveland. W. L. Joseph, ex-manager of Hanny's Chris-Town Racquet Shop, becomes assistant manager.
Ruth ONeill, chair of the Maricopa County Board of Supervisors, reports strong first half finances for 1963-64 with revenues at 50.4 percent of estimate and income up 4.45 million from a year ago. Expenditures reach 47.7 percent of the budget in six months, while state sales tax receipts total 4.438 million.
Byron De La Beckwith 42 a Mississippi delta fertilizer salesman goes on trial for the 1963 slaying of civil rights leader Medgar Evers with extraordinary security. Prosecutor seeks the death penalty. Mrs Evers and brother Charles may attend. Jury selection expected to fill most of the week.
Paris plans formal Red China recognition this week with De Gaulle set to outline in a Friday news conference his stance on European political unity. He envisions a loose federation of sovereign states and will spearhead high powered task forces to explain French policy abroad, while Japan faces inflation and trade liberalization challenges in 1964.
Scottsdale Democratic Luncheon Club will host mayoral candidates John Woudenberg George Willmoth and Bernie Grundman at noon Tuesday in Papago Lanes dining room. Councils seats face 21 candidates in the February 18 primary from BEST SCC independents. runoff possible March 24 if no majority.
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