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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
DelMon
Va Texsgitt
Delta Air
Kealteo
Revlon
Texinst
OiamSh
Dillon Co
Disney
LéarSieg
DrPepor
Wwe
NEW York
Dow DowCh
LevitzFum
Dresser
Trangam
Jones
duPont
SanFeint
Easkd
UMC Indy
Schergel
Eaton
UN Elect
Wie
Ve Echlin
Coaind
Unocal
Adh
Ddd
Wiest
LTV Corp
ScottPap
NEW. York
Esmark
West Sears
Ethyl
Evans
Exxon
AbbtLabbo
SonyCo
Ss . Acf
FairCam
Marcor
Falrind
SIM
Yi McDonalds
Arizona
Pat
Mecdond
AlcanAly
FatChar
MeadCp
Sperryr
Nba
FstinBn
Warnerl
MGM
SiBrand
Steerenaw
Formick
Stauich
Weyerhr
AmAltin
Mohasco
SterDrug
WhelFry
Fruehfl.co
Mondu
Twhitem
Gannett
Tektronx
Ata
Wolwth
I Am Motors
GenEl
XeroxCo
ZaleCorp
Amt&t
Wil
Mls Labs
Associated Press
Balge
NwstAhl
Norton Y
Hercules
CortWall
HewliPk
G Telei
Tire
Natind
Ae Genesco Inc
NatSemlen
Apeco Co
Archrd
Ie Gerber
Armcolda
GettyOll
Natoma l
Newmt
Anrich
Gauldin
Nismp
Atlas Corp
Gracey
Nb Ind
AvcoCorp
GtAtiPac
Nordkwns
Giwnfin
Norris
GulfOll
Boeing
A . Gorse Garks
Hoff Etchen
OwenCn
PacGas
Mt Ve AritPet
Pak Y Honywil
My Pacligl
Brunswk
Houshe
PacPetrl
Mietto BucyErle
PacPwizo
HowJohn
Pasco
BurlNo
Burrows
Penney
aPatila Ina Cp
PaPwLt
Wass
CessnaAir
Pullmn
Eae Crna Ag
Kongel Ngo
Relstonp
Enicorp
Iors Iin
Ants
Vu Raytheon
Clarke
RCAL
BUTI
Rebod Co
London
aBc
Maine
Totton
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Copley News Service _ Q
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BradRa
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Westats
Witshro
Bultes
WyleLab
Cabba
Xonies Inc
Certron Cp
Crutch
Gearhart
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MichSug
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PanOcean O
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Ryan-Ho
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Phil Young
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W. Indian School
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Federal
C.D.A
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ATE Education Company
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Tempe