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Scottsdale Progress in Scottsdale, Arizona

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

May 16, 1972

Page

4

Arizona Personal Income Climbs 11.5 Percent to 7.2 Billion

Arizona saw an 11.5 percent rise in personal income last year reaching 7.2 billion as the state posted the strongest growth in the Southwest. Farming, construction, manufacturing and service sectors all outpaced national gains with widespread increases across wholesale retail trade finance and transportation.

Arizona Southwest U.S. Department of Commerce Commerce Department

Scottsdale Daily Progress Business Brief May 16 1972

A brief business note appears in the Scottsdale Daily Progress on Tuesday May 16 1972. The item highlights market activity and local commerce including company movements and financial indicators relevant to readers monitoring regional business.

Scottsdale Daily Progress

Credit demands to hike interest

Wichita Kansas at the 76th annual Kansas Savings and Loan League convention NLISA president Blakely warned rising credit demand will push interest rates higher. He cited a housing boom aided by $10 billion in home loan commitments and urged broader lending authority to include consumer loans.

Wichita Kansas Ross M. Blakely Natonal League of Insured Savings Associations Kansas Savings and Loan League Blakely Coast and Southern Federal Savings and Loan Association Los Angeles Savings and Loan Associations Federal Home Loan Board NLISA Federal Home Loan Bank Board National League

Universal Propulsion and Love Oil Plan Merger in Scottsdale

Universal Propulsion Co and Love Oil Co Inc announce plans to merge into Universal Energy Corp pending plan of reorganization and regulatory approval. Ownership split about two thirds to current Universal Propulsion holders and one third to Love Oil holders. Announcement by Charles E. Bartley and L W Smith notes both firms’ energy sector activities and government contracts.

Universal Propulsion Co Love Oil Co., Inc Scottsdale Universal Energy Corp Universal Impulsion Co Che Prasent Love Uu Va.,Inc Charles E. Bartley Universal Propulsion L. W. Smith Love Oil Co

Arizona economy slows but keeps strong April momentum

Dr. Harold Fearon of Arizona State University notes April growth cooled slightly from March but remains healthy. He cites rising production and inventories, longer delivery times, and higher employment, with price inflation continuing to rise. The April survey, to the Purchasing Management Association of Arizona, shows indicators up but at a slower pace.

Arizona Harold Fearon Arizona State University Fearon ASA Purchasing Management Association of Arizona Dr. Fearon The Price Commission

Marketing prize awarded to Pinetop Lakes venture

The Arizona Marketing Association gave the sweepstakes award for Excellence in Marketing to Pinetop Lakes, Inc. and Southwest Forest Industries, Inc. at Towne House. Dwayne Olson received the honor from Dr. David Gorley, with emphasis on environment friendly marketing and a strong execution across advertising and PR. Four first place awards also went to Arizona Bank, Great Western Bank, Stages-Built Homes and Dynamic Science.

Pinetop Lakes, Inc Southwest Forest Industries, Inc Arizona Marketing Association Dwayne Olson Pinetop Lakes David Gorley Arizona State University Arizona Bank Great Western Bank Dynamic Science

Greyhound executive to speak at Tempe dinner event

Eugene H. Albers assistant to the vice president for accounting of the Greyhound Corporation will address the Scottsdale area chapter of the National Association of Accountants in Tempe at the Holiday Inn after a 7 p.m. dinner. He previously worked with General Foods Hubard & Co. and Lybrand Ross Bros. Montgomery.

Eugene H. Albers Greyhound Corporation Scottsdale-area National Association of Accountants Albers Tempe Holiday Inn Greyhound General Foods Corp Hubbard & Co Lybrand Ross Bros. & Montgomery

Tax free income through municipal bonds explained

The article explains how municipal bonds offer tax exempt interest and compares yields across tax brackets. It notes California municipal bonds are exempt from state and federal taxes and discusses issuer background, bond type, maturity, and call provisions. Readers may write Judith G. Rhoades at Copley News Service for questions.

California U.S Judith G. Rhoades Copley News Service

Vietnam War Overshadows Stock Market Fears

As market caution shifts from inflation to political risk, analysts say Vietnam dominates the outlook. Dow and NYSE indices fell over two weeks while inflation expectations soften, suggesting investors await clearer economic leadership and a potential rebound once geopolitical factors ease.

The Price Commission Dow Vietnam U.S South Vietnam Russia

Also Mentioned on This Page

Sou ASU Novations Olson DOW- Jones Industrials N.Y. Stock Exchange Industrial Index Greyhound Exec Our Man Don Stowell Southern Arizona Bank Bps Ia Scottsdale Stationers Pima Plaza E. First Ave General Secretarial Brown Ave Suite E XEROX S.S Carefree Ariz Judith Rhoades
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