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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
May 08, 1964
Page
10
Union Bank reports its first anniversary with 16.5 million dollars in assets and over 14 million in deposits. President M H Lininger notes more than 3,000 loans issued. staff grew from 15 to 55 as the bank positions itself as a vital Tucson business force. The piece also cites banking activity and regional economic notes.
A color film titled The Union Republic of South Africa will be shown at the Sunday Evening Forum at the University of Arizona auditorium. Narrated by Clifford Kamen, the last forum of the season will feature Cape Town Johannesburg native life and the diamond industry. The 8 p.m. screening is open to the public without charge, though donations will be accepted.
Community notices in the For Free column pause during Pima County cats and dogs rabies quarantine. Readers may mail offers at no charge including contact details. the newspaper may shorten listings and prints items like soil, plants, pigeons, bricks, and car parts free of charge with no guarantee on item condition.
Tucson plaintiff Mrs. Gladys Kennedy Brown seeks 125000 in Superior Court damages after a March 19 collision with a Yellow Cab taxi driven by Clyde R. Love at S Sixth Avenue and Palmdale Street. Attorney Clague A. Van Slyke filed the suit alleging Brown was crossing 11th Avenue when struck.
The New York Stock Exchange rejects the idea that delaying disclosure is acceptable and urges immediate release of corporate news affecting securities values. The GM episode triggered warnings and questions about what constitutes immediate release and the timing of earnings data.
Pr-Coffee futures climbed on Thursday with better buying from declines but roaster demand for green coffee weak. Dealers note more offerings from producing centers despite export quota boosts under the world coffee pact. Spot Santos No 4 ex-dock at 46.50, Santos Bourbons 30.475, and wheat futures steady with May at 47.95, Sep 50.00, Dec 51.00, Adar 1.41/2. Prices and contracts reflect mixed demand and supply dynamics in the market.
New York earnings show Kennecott Copper Gorpres consolidated net income at 1.59 dollars per share for Q1 1964, up 17 percent from 1963’s 1.36. Higher copper sales volume drives the gain. Ingersoll Rand and Oil Co. report varied quarterly figures with 1963 comparisons and per share results.
A reader seeks guidance on changing a mutual fund contractual plan to cash dividends and possible cash withdrawals. The reply urges negotiating with the salesman, consider cashing distributions, and establishing a steady withdrawal, warning against overdraw and noting contractual plans may be unsuitable for older investors. The column also touches on tax loss sales and margin transfer costs with IRS and brokerage rules.
New York May 7 dividends declared on government bonds with rate details and record payable pending.
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