Ex-Premier Grunitzky Leads Togo Leadership Race
Ex Premier Nicolas Grunitzky widens bid to head Togo after President Olympio's assassination. He formed talks with the military junta in Lomé and reportedly plans a pro interim government with France and former French Africa backers. Rival Antoine Meatchi and Anani Santos also seek influence amid the coup.
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Agaue
Poli Scan
Valley Bank Reports Earnings Rise to 9.8 Million
Valley National Bank posts a record 1962 earnings figure of 5.8 million with per share 2.45, up from 2.37 in 1961. Stockholders approve a 5 percent stock dividend payable February 26 to shareholders of record February 5 and elect a 25 member board featuring Read Mullen of Phoenix and Kenneth Watters of Scottsdale.
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Valley National Bank Today
James E Patrick
Read Mullen
Phoenixe Auto
Kenneth Watters
Scottsdale Bottling Company
Cotton Industry Favors U S Payments System
Washington reports a broad cotton industry tilt toward government payments to keep cotton available at reduced prices for domestic users. The plan would pay the last handler to buy at the support price and sell lower to consumers, with payments ranging up to 9 cents a pound and potential yearly cost around $225 million, atop $400 million in existing program costs.
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Mille Aronnstaw Hunbase
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Orville L. Freeman
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Boeing labor talks and other world news brief
Negotiations continued today in Boeing Co labor contract talks with a three day reprieve from a strike threat by the International Association of Machinists. The dispute covers a union shop wage increases and other contract changes affecting about 46 000 workers at Seattle and Wichita. A crowded train crash at Oxford Road Station Birmingham injures scores as 43 taken to hospitals and three stretcher cases reported. An air lock burst on a bridge pier at Niraj Orissa India killing 47 workers and wounding 62. Mme Bandaranaike's two week mission to Peking and New Delhi aims at Sino Indian border peace. An 18 year old East German escapes to West Berlin despite fire from guards.
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Kan
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England
British Railways
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Orissa
India
Federal Reserve Bank of Philadelphia
National Association of Home Builders
Citrus grower caution after weekend frosts slows harvest
Salt River area citrus growers plan to wait on harvesting to assess damage from weekend frosts. Frost injury varied by area with inside fruit better protected than fruit on grove edges as officials consider regulatory hearings in Maricopa County while other items include indictments for escapees and local fire causes.
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Salt River
Bancorp Pays Stock Dividend in Arizona
Arizona Bancorporation directors approved a 3 percent stock dividend to be paid to stockholders of record February 6. It is the seventh consecutive annual stock dividend, with a market value exceeding 350000 dollars. Total shares outstanding after the dividend will be about 547000 shares.
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Phoenix
Arizona Bancorporation
Walter R. Bimson
Stocks Rebound as Dow Signals New Bull Market
A market review notes the Dow and rail shares reclaim large parts of losses since 1961 62, with rail mergers and Cuban crisis repercussions cited as catalysts. It predicts possible tax cuts and housing shifts could sustain the rally, while inflation and foreclosures pose risks to continued growth.
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Escapee Billy Chronister Arrested Near Marana Arizona
FBI agents arrested 28 year old Billy Harold Chronister of Calvin Oklahoma near Marana Air Park on a federal charge of unlawful flight to avoid custody. Chronister escaped in December 1961 from Wayne Prison Branch Jesup Georgia where he was serving 6 to 8 years for burglary. Chronister planned to be arraigned before U S Commissioner Tom McKay. Edward Boyle FBI agent in charge for Arizona provided details. Chronister had traveled the country since his Georgia escape in 1961.
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Wise retirement investing amid stock volatility
The reader’s portfolio shows three strong dividend growing stocks New England Electric Union Electric and Marine Midland common shares. These provide inflation protection and steady income, while United Park City Mines and Free State Geduld are riskier and may be trimmed or sold. Consider diversifying via two brokers for broader viewpoints.
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Free’ State
Gerald Mines
New England Electric
Union Electric
Marine Midland
Utah
Free State
Free State Geduld
Africa
Union of South Africa
Free State Gedald
United Park City
Papago Death Case Seeks Cause Autopsy Hints
An autopsy found no cause of death for 17 year old Papago John Jose whose body was found on the Papago Reservation near Sells. County pathologist Dr. Louis Hirach said chemical tests would continue, noting possible exposure to below freezing temperatures. Jose had been missing since Saturday after reportedly drinking with his brother Ball and another youth, and falling from his horse.
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Papago Reservation
Sells
Louis Hirach
John Jose
Saturda
Ball
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