Arizona Republic from Phoenix, Arizona • Page 110

"IP1" EDITION 20rD The Arizona Republic Phoenix, Sunday, Nov. 23, 1969 Arizona Title promotes two escros officer- Federal bank head calls inflation 'great deceiver Business briefs IBusiness meetings PIS U.S. Industries executive named Richard D. O'Brien has been named executive chairman of the Western U.S.A. Group of U.S.

Industries parent company of Superlite Builders Supply Inc. of NEW YORK (AP) Inflation is a "great deceiver" and that is why Americans have restrained their enthusiasm about efforts to curb inflation, according to Monroe Kimbrel, president of the Federal Reserve Bank of Atlanta. "We Americans like to fey Two elected NAREB directors Two Arizonans have been elected directors of the National Association of Real Estate Boards. Robert Crouch, Scottsdale, was elected a three-year term, and Charles McDonald, Prescott, for a two-year term to fill the unexpired vacancy created by the death of A. P.

Brown of Tucson last October. Tucson last October. show progress, and we gener-ally measure this progress in terms of dollars," Kimbrel wrote in the bank's current Monthly Review. "Inflation means bigger and bigger dollar figures," he added. "These inflated dollar figures thus create a feeling of euphoria.

"But for the vast majority, continued inflation is a great misfortune," Kimbrel main- 1- tained. He cited as one example the average welfare payment in Georgia to families with dependent children. In I. mid-1969, he noted, payments per month had risen to $24.55 from $22.09 in 1964. Due to inflation, however, $24.55 buys only what $20.62 bought in 1964.

The bank president also maintained that the Federal Reserve System's policy of monetary restraint should not be relaxed until there is sig- nificant evidence that infla- tionary pressures have been controlled. O'Brien While MM Building started at Mission Villa Mission Villa Apartments, a 66-unit, adult-oriented complex, with a country club atmosphere, is being constructed at the northeast corner of 32nd Street and Pinchot. The Doug Frank Development Corp. project featuring Southwestern Pueblo-Spanish architecture was designed by Gale and Cramer, architects. The 2-story complex is scheduled for completion in April.

It will feature one-, and two-bedroom unfurnished units and a recreational area including a clubhouse, pool and gymnasium. Crouch Muscenti Rowland Mulr Arizona Title Insurance and Trust Co. has announced the promotion of two escrow officers to branch managers. Dennie Rowland will manage the office at 100 W. Camel-back and Don Muir the office at 8901 N.

Seventh St. Insuranceman gets sales recognition M. J. Riikola of New York Life Insurance Phoenix general office has qualified as a member of the firm's 1969 President's Council in recognition of his outstanding sales record. Auto Rentals adds two offices Madison's Auto Rentals, 7224 E.

McDowell, has opened offices in the Adams Hotel and at 111 S. 24th St. The firm also has offices at Carefree Inn and in Parker. Hospital appoints personnel director George R. Stuart has been appointed director of personnel for John C.

Lincoln Hospital. For the past seven years he has been associated with Humble Oil and Refining Co. Lester R. Arie Arie given writing honor Lester R. Arie of Arie Investment Co.

in Phoenix has been named first vice president of the National Institute of Farm and Land Brokers. Arie also has been named winner of the Marjorie C. Pace Memorial Award, created this year by the National Real Estate Fliers Association. The new cash award is presented the Realtor who submits the best manuscript on the topic "The Economic Impact of Aviation on Real Estate." Arie was elevated to first vice president of the NIFALB from his previous post as second vice president of the national organization and the award was made during the recent convention of the National Association of Real Estate Boards in San Francisco. Employment service supervisor named Frank M.

White has been appointed state supervisor of farm labor and rural manpower services for the Arizona State Employment Service. He previously was supervisor of contract operations in the Phoenix Concentrated Employment Program. AiResearch Manufacturing names Aubrey G. Lyon Aubrey G. Lyon has been appointed manager of contract administration at AiResearch Manufacturing Co.

He joined the firm in 1966 and was project manager of military propulsion product support. Otfore than 200 contractors Arizona are scheduled to atjend the 22nd annual con- vention of the Arizona Building Contractors Association-BJilding Chapter of the Associated General Contractors of America Friday and Saturday afCamelback Inn. Featured speakers at a Saturday noon luncheon will include Sen. Paul Fannin, and Carl Halvorson, Portland, president of the Associated General Contractors of America. William EC-Dunn of Washington, national executive director of tha AGC, will address a Saturday morning session.

First Arizona Corp. to sponsor forum First Arizona Corp. will sponsor a corporate finance foriim at 3 p.m. Tuesday in the TowneHouse. Speakers will include Bob Kelly, who heads the tax department for the Phoenix office of Price Waterhouse attorney Dick Snell, a partner in the firm of Snell Winner; and Dennis Mitch-em, who heads the audit division in the Phoenix office of Arthur Andersen Co.

Two groups to hear estate planning expert Robert R. Grandfield, assistant director of pension, legal and administrative services for New England Mutual Life Insurance Boston, will address two Valley groups Dec. 1. At noon, the estate planning expert will speak before a noon luncheon of the Tri-City State Planning Council In St. George's Restaurant in Mesa, and at 4:30 p.m.

he will address a meeting of the Phoe-nix. estate Planning Council in the. Lawyer's Club in Phoenix. Shearson, Hammill Co. to sponsor seminar Shearson, Hammill Co.

will sponsor a seminar on op-tilon transactions involving puts and calls and their combinations, at 8 p.m. tomorrow In the firm's Phoenix of- fice, 3033 N. Central. Lucrative leisure market subject of meeting The $250-billion leisure market and the part Arizona will have in it by 1975 will be the Special meetings scheduled in the Valley this week inlcude: National Junior Achievement, Thursday through Saturday, 400 persons, TowneHouse. National German Shepherd Show, Thursday through Dec.

1, 1,100 persons. Ramada Inn. Sports Car Club, regional meeting, Saturday and Sunday, 100 persons, Caravan Inn. rice D. Arnold to the Phoenix Advertising Club's noon meeting tomorrow in the Beef Eaters Restaurant.

Arnold is regional director for the midcontinent region of the Bureau of Outdoor Recreation, Denver. Civil plaza group to hear banker John Hazeltine, vice president and comptroller of First National Bank of Arizona, will address a meeting of the Civic Plaza Business Association of Phoenix at a noon luncheon meeting Wednesday in the Hotel Wetsward Ho. Hazeltine will report on the bank's plans for construction of 27-story headquarters building in downtown Phoenix. EUer to address financial analysts Karl Eller, president of Combined Communications will address a meeting of the Phoenix Society of Financial Analysts at 12:15 p.m. Tuesday in the TowneHouse.

New business workshop scheduled A "Going into Business W6rkshop" will be held from 9 a.m. to 4 p.m. Dec. 2 in the Phoenix Public Library auditorium under cosponsorship of the Small. Business Administration, Arizona State University and the Library.

The program is aimed at assisting those who already own or plan to open small businesses of all types. ScottsdaSe Realtors to view film A promotional film made for the Scottsdale Chamber of Commerce will be shown at the Scottsdale Real Estate Board's meeting at 12:15 p.m. Tuesday in the Safari Hotel. 11 ACRE HORSEMAN'S RETREAT Beautiful private oasis made to order for the gentleman farmer or horse rancher. Fabulous 4 bedroom Spanish hacienda nestled amid hundreds of palm and citrus trees.

Complete guest house, cabana, pool, barn, stalls and corrals. Entire property irrigated and fenced. All improvements less than 1 years old. Bargain priced at $100,000 with excellent terms available. BRAD WATTS REALTY 945-2691 Neivhall firm sponsor of amusement park SAN DIEGO, Calif.

(AP) -A $20-million amusement park called "Magic Mountain" will be built at Valencia near the Golden State Freeway, sponsors said yesterday. The development is planned by Sea World, and the Newhall Land Farming Co. Mehagians open real estate office Tivo-day holiday for freight lines Motor freight lines covered by union contracts will observe Thursday and Friday as Thanksgiving holiday, the Arizona Motor Transport Association, said yesterday. "Thio io a nrrwicinn nf iho Off-the-hook hook EDMONTON, Alberta (AP) Leaving the telephone off the hook is expensive in Edmonton. Telephone officials said each instrument involved must be checked, tested and cleared, at an average cost to the careless customer of $5.

They said the bills amounted to $42,000 in one three-month period. New 4-Plex Owners Apt. 3 Bedrooms. East or West Side Low Down F.H.A. Ph.

264-1441 Eve. Wk. ends JIM YOUNG REALTY BUYING or SELLING MOBILE HOME PARK SEE US FOR LOCATIONS FINANCING RESEARCH INFORMATION ZONING INFORMATION MOBILE HOME SPECIALIST CALL MILLIE EVE. 964-1514 THIRKHILL 966-4221 Dickinson Bacchus Three bank promotions made First National Bank of Arizona has announced the promotions of Paul F. Muscenti to vice president, main office; Joseph N.

Bacchus to assistant manager, Seventh Street office, and Lanny J. Dickinson to staff officer, South Mountain office. James Flynn Joins Computer Memory Devices James E. Flynn, formerly executive vice president of Lincoln Publishing has joined Computer Memory Devices Inc. in Glendale, as director of marketing.

Sullivan selected as sales trainer Thomas M. Sullivan has been selected sales trainer for Johnson Johnson's Health Care Division. He joined the New Brunswick, N.J., firm in 1967 and is the company's territory manager in Phoenix. Phoenician elected to association board Norman McClelland of Shamrock Dairy Co. in Phoenix has been elected to the board of directors of the International Association of Ice Cream Manufacturers.

union contracts, beginning this year," the association said. There will be no pickup or delivery of freight on these two dates, Nov. 27 and 28. Mrs. Mehagian R.

Mehagian Mrs. Florence M. Mehagian has announced the formation of Mehagian Realty with offices at 3835 N. 32nd St. A resident of Arizona for 27 CONTROLLER WANTED INVEST NOW 10 ACRES NORTH OF BELL ROAD $22,500 Golden Acres located in an area That is fast becoming the action center of the Real Estate Boom.

943-3477 Florence McDermott REALTY HOMES LAND INVESTMENTS hoenix based multi-division international organiza years, she has been active in real estate locally for the past eight years, primarily in residential sales. Richard Mehagian, her son, is associated with the new office and will serve as office manager. He previously was with a Scottsdale land development firm. The office staff will include Mrs. Catherine "Tat" Guirey.

Sokio's merger session adjourns CLEVELAND (AP) A special meeting of Standard Oil Co. of Ohio (Sohio) stockholders to vote on a proposed merger of Sohio and BP Oil Corp. has been adjourned until Dec. 9. tion.

Strong supervisory capability and able to make maximum utilization of EDP systems. Submit resume with salary requirements to Republic Gazette Box 98 CK topic of the address of Mau- mmmmmammmmmmam I i 1 limb down oM lltal wait and do tninal Some a Hockey referees and linesmen are sometimes forced into tight corners and even up walls. Photographer Rod Mover records their activities in next Sunday's Arizona. 1 The Magazine of The Arizona Republic iVTwKhm liiiil lAi.Tiy wJf hH'iHirirJ- i.