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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

Oct 09, 1975

Page

5

Bankers Leader Seeks Fiscal Responsibility for Town

J Rex Dawe new president of the American Bankers Association says he would help a town facing possible default but not at the risk of depositors funds. He would work with the community to restore fiscal responsibility and align spending with revenue.

John Cunniff New York J. Rex Dawe American Bankers Association

Banker Dawe Sees Social Responsibility Across Towns

Dawe, head of the Farmers State Bank in Lucas Kansas, urges bankers to avoid insolvency risks and stresses responsibility to communities. He notes New York City faces similar pressures and warns federal aid sets a costly precedent while stressing local resilience and taxpaying duties.

Dawe New York City America Farmers State Bank Lucas Kan Duwe New York Dowe Association Douwe

Mark Twain and October Stocks Month Debate

Mark Twain quips October as dangerous for speculation while Stock Traders Almanac praises October as a buying month ahead of bullish November to January. The piece cites Trade Levels and Alan Snyder on options and lists mutual funds and utility stocks as examples, with Geraldine Weiss noting rate effects.

Copley Mark Twain Twain Stock Traders Almanac Pasadena Calif Alan Snyder Reynolds Securities New York Snyder Financial Services Wiesenberger Services Bear Bull Pennsylvania

Dow Jones 2 p.m. stock quotes show mixed moves

New York stock market at 2 p.m. reports mixed results with Dow Jones Industrial Average fluctuating as investors react to varied gains and declines across major components including Texaco, Revlon, Kroger, IBM, General Electric and Exxon amid overall activity and notable price changes.

Commodity Closings From Madds Trading Co

London gold 139.75 up 1.00 oz. Imm Dec gold 141.60 up 2.00. Oct silver 4.30 1/2 up 5.4 cents. Oct platinum 143.00 down 2.50. Dec copper 56.3 cents unchanged per lb. Dec wheat 4.15 1/4 up 0.1. Dec corn 3.00 down 0.0. Soybeans 5.55 1/4 down 0.1. Oct live cattle 47.82 down 0.45. Oct five hogs 62.65 up 0.5. Feb pork bellies 99.75 up 0.3. Dec fresh eggs 59.6 cents up to date. May Maine potatoes 17.98 down 0.5. Nov plywood 120.50 down 1.80. Dec cotton 54.81 down 0.24. Mar sugar 13.71 down 0.18.

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Scottsdale Chamber Golf Tournament and Cookout Planned

The Scottsdale Chamber of Commerce offers members and guests a golf tournament and cookout on October 24 at Camelback Country Club. Foursomes start at 1 p.m. with a Western cookout at Camelback Inn at 7 p.m. Costs are 28.50 for a round and dinner for two. dinner alone is 9.50 per person. Registration forms are available at the chamber.

Scottsdale Chamber. of Camelback Camelback Inn

Armour promotes resident of city and county professionals

Armour Food Company names Andrew A McVeigh of Scottsdale as personnel manager. He started at Armour in Chicago and joined the personnel training division in 1952 with later work in compensation and planning. Scottsdale's Jack Leavitt becomes assistant engineer for Maricopa Flood Control District. Rex Prisbrey, also of Scottsdale, designated as Chartered Life Underwriter after University of Denver degree and Civitan Club leadership.

Andrew A.mcveigh Scottsdale Armour Food Company McVeigh Armour Chicago Jack Leavitt Maricopa Board of Supervisors Ee Ee Dee Leavitt Arizona State University Rex P. Prisbrey State Farm Insurance Companies Prisbrey University of Denver Civitan Club Scottsdale Life Underwriters Association American College of Life Underwriters CLU

Federal rules blamed for inflationary costs and paperwork

The article cites Murray L. Weidenbaum of Washington University and the Tax Foundation, arguing the federal regulatory apparatus inflates costs for business. It notes government enforcement, forms, and reporting create billions in overhead and excess charges, including 3 billion in overhead and 130 million hours spent on forms. It mentions extra costs from 1974 car purchases due to mandated pollution and safety devices.

Copley News Service Oesis Center For the Study of American Business Washington University St. Louis Murray L. Weidenbaum Secretary of the Treasury Weidenbaums Justice, Agriculture, Health, Education and Welfare National Labor Relations Board Weidenbaum

Gifts and home sale tax rules clarified for seniors

Gifts to individuals up to 3000 per year do not reduce income tax but do reduce estate value. Only gifts to qualified organizations are deductible if you itemize. For selling a primary residence, seniors aged 65 with five of eight years in residence may exclude part or all gain. long term capital gains rules apply with possible 0 percent tax on the remainder.

Copley News Service _ Q

Also Mentioned on This Page

Business Mirror New ‘York City Boston Detroit Geraldine ‘Weiss New York Stock Exchange Dow Jones American Exchange ShellRes Che. Syntex Aegis Corp Va Asamera BradRa Brasen A Tb Westats Witshro Bultes WyleLab Cabba Xonies Inc Certron Cp Crutch Gearhart Huskyo Mershal Indat Nes McCuil Veenco MichSug Ozark PanOcean O Aus Phoenix St Ryan-Ho Daley, Coolidge & Company NANCB Ariz Madds Trading Company, Inc Chicago Mercantile Exchange Phil Young Sebuuleeine W. Indian School Phoenix Federal C.D.A Los Angeles ATE Education Company East Southern Tempe
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