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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Mar 11, 1976
Page
6
The New York AP summary lists 2 P.M. Dow Jones averages with Industrial 1031.10 up 5.82, Trans 210.64 up 0.71, Utilities 86.91 down 0.13, and the overall 65 stocks at 305.02 up 1.29. It also shows selected GIWnFin and GIW index figures with numerous company quotes and price movements across sectors and key stocks.
London gold 133.50 down .02, IMM Mar gold 133.70 down .02, Apr silver 4.25 and a half down .42, Apr platinum 137.00 down 1.00, Mar copper 59.9 cents down .8, Maer wheat 3.634 down 0.04, Mar corn 2.683 down 0.01, Mar soybeans 4.794 down 0.01, Apr live cattle 37.25 down 0.47, Apr live hogs 43.70 down 0.45, Mar pork bellies 71.72 up 0.95, Mar fresh eggs 52.95 up 0.75, May Maine potatoes 12.65 down 0.07, Mar plywood 151.90 up 0.60, May cotton 59.4 down 0.49, May sugar 0.50 up 0.16. Market not closed on above items.
Questions and answers cover taxable status of libel damages including lost profits, final tax returns for executors, handling recovered bad debts, and tax treatment of campaign contributions. Compensations for character injury are non taxable except for punitive damages and profits lost. Executors file by April 15 unless year rules differ. Recovered deductions must be reported. Campaign funds not taxable unless used personally. interest, dividends, and gains on contributed securities are taxable.
Valley National Bank announces promotions for four Scottsdale area employees including Robert E. Withers and David A. Patterson to assistant vice presidents and Patricia M. Trousdale to trust officer. Also details new shop Quail Run Needlepoint at Scottsdale Fashion Square and SRP legal services head Richard H. Silverman appointment. Western Financial names Driggs as chair and president. Nordstrom-Larpenteur expands to Scottsdale with Tom Bowman as branch manager.
Arizona may expand tourism by adopting the Amtrak Auto-Train concept. ASU professor Dr. Martin Farris notes proven success on the east coast and Midwest to Florida, with recent Auto-Train and Amtrak agreements enabling broader use. Cooley and Farris cite Arizona’s tourist appeal, highways, parks, and the Office of Tourism as supporting factors.
Paul Montana 64 built the Toll Free Digest a 36 page directory listing nearly 3000 toll free numbers for hotels motels airlines ski resorts and car rentals The guide grew from his search for a toll free hotel number and the family’s effort to collect ad and catalog listings despite initial refusals by telephone firms.
Joel Miller of Armour-Dial explains how a product manager introduces a new product amid many competitors to Phoenix Advertising Club members and guests at the Beefeater's Restaurant on Camelback Road. Miller, a 1972 hire, Chicago-born finance graduate of the University of Illinois, attends the luncheon.
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