Interest debate over usurious charges on past due accounts
Businessmen complain to the Progress that area firms charge up to five percent per month on past due balances, a rate allegedly illegal under Arizona law. Jim Winter of the state attorney general’s office cites 6 percent annual legal rate, with small loan firms limited to 3 percent monthly up to $300, 2 percent for $300 to $600, and 1 percent for $600 to $1,000.
MENTIONED IN THIS ARTICLE
Arizona
State Department of Public Banking
Jim Winter
State Attorney General's Office
Winter
Retail sales rise 13 percent in Arizona first half 1970
Arizona retail sales climbed 13 percent in the first half of 1970 to 1.903 billion dollars from 1.682 billion in the same period 1969. Valley National Bank researchers attribute growth to population and income increases despite slower employment gains and a national 3 percent retail rise.
MENTIONED IN THIS ARTICLE
Arizona
Valley ‘National Bank
Arizona Sees Bright Business Outlook for 1970
Researchers at Valley National Bank forecast a strong economic outlook for Arizona for the remainder of 1970. Local gross output and retail sales have risen to new highs despite national manufacturing slowdowns, with more growth expected.
MENTIONED IN THIS ARTICLE
Arizona
Valley National Bank
Beauty salon changes hands at 132 N Miller Rd
Beauty salon formerly Abbi's on 132 North Miller Road changes ownership to Mr. and Mrs. Edward Young. The new owners take over management and will operate the business under a refreshed branding.
MENTIONED IN THIS ARTICLE
Abbi’s Beauty Salon
N. Miller Rd
Edward Young
Rochester salon changes hands to Mrs Young at Mr Young Hair Stylist
A Rochester beauty salon formerly owned by Ben Grumke will be operated by Mrs. Young under the name Mr Young Hair Stylist. The transfer marks a new management era for the local business.
MENTIONED IN THIS ARTICLE
Rochester
Mr. Young
Young
Ben Grumke
Quality stocks emerge as spring hints in bull market
Donald G. Gloisten, president of the Financial Institute of the West, counsels caution in the recovering market. He notes well established stocks rise first while high risk, low priced plays lag, and identifies oil, construction, and insurance stocks as potential buys with limited risk. He invites reader questions to his Los Angeles office.
MENTIONED IN THIS ARTICLE
Donald G. Gloisten
Gloisten
Financial Institute of the West
S. Spring St
Los Angeles
Calif
Ferrara Promoted Assistant Manager at Continental Bank Scottsdale
David Ferrara of 7416 East Edgemont has been named assistant manager of Continental Bank's Scottsdale office which is set to open mid October. He and manager Brad Cordova complete staff plans and begin active outreach to Scottsdale businessmen.
MENTIONED IN THIS ARTICLE
David Ferrara
East Edgemont
Continental Bank
Scottsdale
Ferrara
Brad Cordova
Barry J. Hammond
Phoenix
Mary C. Halstead
N. 86Th St
Great ‘Western Bank
Miss Halstead
Hammond
Maryvale
Also Mentioned on This Page
Scottsdal
Switzer
Dow-Jones Industrials
N.Y. Stock Exchange Industrial Index
Dean Witter & Co, Incorporated
Sears
Mesa
Lering
Sears, Roebuck and CO
20Th St
E. Camelback Rad
Poe
McDowell
Scottedale Rds
North Macdonald
James E. Warne Jr
E. Calle del Norte
American Society of Civil Engineers
Engineers Testing Laboratories, Inc
A. J. Collins
The
Scottsdale Chamber of Commerce
Phoenix Ad Club
Beef Eater’s
C. Allen Roberts
N. Granite Beef Rd
First National Bank of Arizona
First National
International Department
Scottsdale General Office
Star Club of
New York Life Insurance Company
Battista J. Blessent
William T. Hunter
Dwight E. Loeffler
Harold J. Schmelzer
John A. Stephenson
Edgar F’. Walborn
Star Club
New York Life
Anthony G. LeGault
E. Dianna
Prudential Insurance Company
Dewey Randolph
Denver
Colo
Bankers Life & Casualty Company
Randolph
E. Indian School Rd
Continental ‘National Bank
North CentrAl
Jim Shelley
E Asu
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