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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Mar 21, 1972
Page
3
Scottsdale banker Jack Hill argues a young man’s credit rating is a precious asset shaping decisions on big purchases. He notes expanded credit access requires stricter scrutiny of repayment ability while maintaining a balance between lending and protecting borrowers’ future finances.
Two Scottsdale men, Phillip R. Nienstedt and James A. Norling, graduated from the Motorola Executive Institute in Oracle Arizona as part of the 26th class. Sixteen company executives earned diplomas during the commencement led by Marion Sadler of American Airlines. Michael W. Pounds, Philadelphia Life Insurance regional supervisor in Arizona, was admitted to the Society of Regional Developers for exceeding goals. He is a married Scottsdale resident. Chris L. De Queljoe has
Arizona Bank stockholders approved a two for one split at the annual meeting in Phoenix. Record holders as of March 30 1972 will receive an additional share payable April 10 1972 increasing outstanding shares to 2 043 766 of 250 par value stock with a projected 58 cent annual dividend per share. Bank earnings deposits and loans are expected to rise in 1972 and loan rates are anticipated to stay low through the first half of the year.
The U.S. Chamber of Commerce reports a six month survey of 158 multinational firms shows domestic employment rose 31 percent 1960 to 1970 while the national average was about 12 percent. Firms cite foreign markets and tariff barriers as reasons to operate abroad, and warn Burke Hartke style legislation could harm global trade and workers.
Trucker official C G Zwingle of Berkeley California was elected president and chief executive officer of the trucking employers organization TEI on Monday.
Scottsdale business brief notes activity on March 21 1972 covering local commerce and market signals. It highlights firms in the area engaging in transactions and updates on regional economic conditions.
Broadway Department Stores unveil a nationwide October event in 32 Southern California Arizona and Nevada stores titled The Shaping of America to honor the United States independence centennial. The show departs from usual patriotic decor focusing on contemporary American life and diverse contributions.
A survey of 35 metro areas shows Phoenix trailing Milwaukee and San Francisco Oakland with a 14.9 percent rise in intercity truck tonnage for the week ended March 11. The index stood at 114, down from the prior week, with 115 a year ago.
The Phoenix Urban League begins a federally funded statewide survey to locate minority housing professionals and tradespeople for a national registry. Larry Chavez will supervise the project as HUD directs 60 metropolitan leagues to gather names and addresses of black and other minority housing industry workers and firms.
The Midtowners Business and Professional Women will honor their bosses with a luncheon at the Arizona Club North in the United Bank Building at 3500 North Central Avenue. Boss of the Year will be named by a panel including Lorna Lockwood Margaret Hance and Marge Condon. A previous Bosses of the Year panel will discuss executive avenues and missteps. Teepees canoes kachina dolls and peace-pipe passing will set the pow wow theme.
A 15 minute color film on no fault auto insurance is available on loan to adult organizations. West Glen Films at 565 Fifth Ave New York offers the film free. It answers in plain language the most asked questions about the controversial topic.
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