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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 05, 1971
Page
3
The article outlines why convertible bonds offer the seniority of a bond with stock upside. It explains fixed interest, maturity, and the conversion option, plus risk notes and a six-point investor checklist for selecting convertibles.
Cesare's Coiffures on 7047 E. Camelback Rd. was bought by Rudolph Broglia and Nickolas Miceli. Broglia runs Coral Door Coiffures in Scottsdale for four years. Miceli is new to the area.
Many wear false teeth with little worry when a denture adhesive provides a firmer, steadier grip. PASTEETH offers longer lasting hold for easier eating and confidence. For security and comfort, try FASTEETEL Denture Adhesive Powder and see your dentist regularly.
Arizona total employment reached 659 900 in mid August, up 3 400 from mid July, driven by copper mining labor disputes. Nonfarm payrolls rose to 554 000, up 6 400, with copper mine and smelter workers returning after seasonal losses. Unemployment fell to 31 700, with insured unemployment rising slightly and youth entries down. Arizona's August rate was 4.3 percent versus 6.1 percent nationwide.
FBI statistics reveal Arizona robberies rose 74 percent from 1967 to 1970 while burglaries climbed 42 percent and auto thefts increased as property crimes surged nationwide. The Insurance Information Institute links rising crime to higher future insurance costs and urges stronger control of organized and unorganized crime to stabilize rates.
About 200 Arizona consumer finance firms will gather at the Camelback Inn Friday and Saturday for the 33rd annual state convention. Cavett Robert, lecturer and attorney, will address delegates at the Industry Day luncheon Saturday, and officers for 1972 will be elected.
Fort Huachuca procurement reps will visit Scottsdale on Thursday for interviews with local businessmen interested in selling goods or services to the military installation. The Scottsdale Chamber of Commerce hosts at 7064 Main Street from 10 a.m. to 3 p.m.. appointments are available by contacting the chamber.
Scottsdale businessman Chic Myers takes over Recordl and Magnavox at Tri City Mall in Mesa marking his fifth Valley store. He also owns a Scottsdale shop at 2414 N Scottsdale Road and resides in the Arcadia area of east Phoenix.
Four Scottsdale area agents join New York Life Insurance Co. field underwriters for a career conference at Camelback Inn. They are Robert Chantry and George Tadrick of Scottsdale and John Pulfer and Timothy Loeffler of Phoenix. Melton Howard of Univac Phoenix attended a week long planning conference at Univac's world headquarters in Philadelphia with managers from seven branches across the U.S., Canada and Mexico.
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