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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
May 26, 1964
Page
8
The columnist advises obtaining duplicate purchase confirmations from your brokerage for all stock buys. If unavailable, estimate purchase dates via stock certificates and public library newspaper price archives. A proposed tax scheme to exploit stock splits or dividends is rejected as a pipe dream and would adjust cost basis unfavorably under IRS rules.
Paradise Valley's Chamber of Commerce hosts a nine day open house with daily neighborhood activities from Friday through June 7. Events include a May 29 variety show at Paradise Hills shopping center, a May 30 square dance, activity displays by Kiwanis Rotary Lions and Girl Scouts, a Mineral display at Happy Canyon Restaurant daily, a June 5 pancake supper at Paradise Valley High School, a June 6 street dance with prize drawings, and a June 7 art show at the Medical Center sponsored by the Women's Club.
William F. Tull, 40, named advertising director for Scottsdale's Fashion Square shopping center. A University of Illinois graduate and former Pleasant Places in Arizona author, he previously worked in the advertising department of John Porterfield Co. in New York and is a member of the Eastern Lawn Tennis Assn.
Paradise Valley High School will hold its fifth commencement for 127 seniors on June 4 at 8 p.m. in the school gym. Salutatorian Linda Smith and valedictorian Susan E Wood will give addresses with Senior Class President Craig Saari.
Edwin J. McCauley II of Coronado High School was chosen by the National Science Foundation for a summer science training program at Southern Illinois University to study engineering science. News notes also report Army personnel in Germany, a company executive appointment, and Base assignments in Europe and Nevada.
Jeff Huber 18 of 513 S Kalorama Scottsdale receives a four year 500 per year scholarship to Arizona State University from the Boys' Clubs of America He was named Boy of the Year by the Boys Club of Scottsdale in 1963.
The Commerce Department reports April personal income at an annual rate of 483 billion dollars, 2.2 billion higher than March. The rise continues the upward trend since last summer, driven mainly by higher wages and salaries totaling 327 billion dollars, up 1.5 billion from March.
The FHA reports strong interest in condominium financing under the 1961 act. Since launch the agency has insured mortgages on 515 units in 41 condominiums valued at $9.3 million, with 219 more insurance applications pending. Three projects are finished and 38 are under construction or planned. FHA notes about 100 information requests monthly, alongside substantial private financing. The piece contrasts ownership in condominiums with renting and with cooperatives, noting pride of ownership, maintenance funding, and lack of landlord profit, while outlining upkeep and control differences.
FASTEETH improves denture stability by sprinkling on upper or lower plates. It claims to stop sliding or slipping and to avoid gummy taste. The alkaline powder is non acidic and supposed to prevent plate odor. Available at drug counters nationwide.
Two Scottsdale midshipmen at the Naval Academy in Annapolis will graduate June 3. Both will receive bachelor of science degrees and be commissioned ensigns. Charles S. Welty Jr. 22 son of C S Welty and wife lives at 1802 North 76th Street attended University of Wyoming and joined the Academy on a congressional appointment. Barry M. Plott 20 son of Cmdr Roy M Plott and wife lives at 3307 North Second Street entered the Academy on a Presidential appointment and was sworn in as a midshipman in July 1960.
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