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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 17, 1973
Page
6
Lockheed Aircraft Corp. states it cannot repay the $250 million bank loans guaranteed by the federal government by the 1975 deadline and expects to pay the money in 1976.
The St. Joseph's Hospital and Medical Center accountant will address the Phoenix chapter no 43 of the American Society of Women Accountants at a Thursday evening meeting. Ina Hanna ASU graduate and former scholarship recipient will discuss the responsibility of accountants in the socio economic arena. Cocktail hour begins at 6 30 p.m. at Cornucopia restaurant.
Ground was broken for the Arizona Bank's new 31 story headquarters in downtown Phoenix between Monroe and Adams on First Avenue. The building, owned by Transamerica Investment Group of Tulsa, will be the Rockies tallest concrete structure and second tallest in Arizona. The bank will occupy over half the street level with shops filling the rest and lease about 125000 square feet of the 330000 square feet. About 450 bank employees will move in when completion occurs in late 1975.
New York Stock Exchange price quotes show mixed activity across many listed firms with varied bid ask levels and last sale figures. Traders monitor notable names including Amex and Alcoa amid shifting market tone and sector movement as the session progresses.
News ticker shows Dow Jones industrial average at 961.40, down 6.01, with Trans and Util indices fluctuating as stocks across sectors trade on uneven momentum. Volume reaches about 16.55 million shares as traders react to mixed earnings and market signals.
Mike Carter of Transistor Specialists brings a 22 foot mobile repair unit to customers for on site auto radio and stereo work. Carter has operated in the Valley for three years after leaving the Marines and is joined by Bill Alberts, a former Apollo program communications worker.
Frank Guadarrama, 64, of Frank's Custom Boots, reported eight new orders after a Progress article revived hope for his Scottsdale shop. The Mexican-born artisan said he plans to stay in the business and move with his wife Mae to Scottsdale, praising the public response.
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