Tucson Daily Citizen from Tucson, Arizona on March 10, 1966 · Page 42
Get access to this page with a Free Trial

Tucson Daily Citizen from Tucson, Arizona · Page 42

Publication:
Location:
Tucson, Arizona
Issue Date:
Thursday, March 10, 1966
Page:
Page 42
Start Free Trial
Cancel

THURSDAY. MARCH I0 : T U C S O N D A I L Y C I T I Z E N PAGE 45 'Turpin On Business* rrice uuiweigns Community Loyalty By Ted Turpin, Business and Financial Writer .* Should Tucsonians give pref- ;erence to Tucson merchants -- «even if their products and ser- w* vices come a bit higher? " That's what the woman on the ^telephone seemed to be suggest- "I'd rather pay a penny ex- .·"tra," she said emphatically, ·'..·"and. trade with firms that are · headquartered in Tucson, than ; to buy something from an out- · fit that just sends the money I out of town." I Unfortunately, I suggested to ; her, most people wouldn't. ; Most people want to make the ; best buy they can. If they can '· get it from a local firm, fine. ! But if the best price -- and ; comparable quality--is offered ' by a company with headquar- ! ters in New York or Los Angeles · well, that's all right with them, \ too. · That's especially true here in ; Tucson, where the constant in; flux of newcomers and visitors · tends to dilute old-time "com"i munity loyalty." ' Well, just the same, suggest; ed the woman on the telephone, 1 it's a shame that a Phoenix- · based dairy can steal a super' market chain, as a customer, away from a Tucson-based dairy -- just because the Phoenix dairy offered milk a half cent a quart cheaper. I Why is the Tucson dairy's milk higher? I asked. The woman said she didn't know. - I suggested that, logically, one might expect the Tucson dairy to sell its milk cheaper, if anything -- since it would seem to escape the cost of shipping its milk any distance, as the Phoenix dairy must. Maybe not, though. Perhaps the Tucson dairy has other costs which push its price higher. Maybe "it's making more profit per quart. Or perhaps the Phoenix dairy is just more efficient and has better cost control Or is even content with a lower profit margin. Anyway, to the housewife who buys the milk, it really doesn't matter. To her the important thing is that one quart is a cent cheaper. And in the final analysis, that's what it will always come down to--the lowest price for a comparable product. Community loyalty is important, of course. But -- especially in a city the size of Tucson -- price seems to be more important in the mind of the consumer. o o o BUSINESS BRIEFS: A Tucson banker, Richard H. Hill manager of the Valley National Bank University Office, has been elected secretary of the state advisory council for Arizona state Technical Services... ... Ted Walker and Kenneth Whitmore of Tucson are among members of the Arizona Mobile Homes Association's dealer division named to a committee that will work with the state Motor Vehicle. Division on industry problems... . . . February mortgages recorded in Piiiia County numbered 532 for a total cost of just over $20 million. That's down from 654 mortgages at $24.4 million a year earlier... ... Pat P. Lopez, Jr., had been named Tucson office manager by Massachusetts Mutual Life Insurance Co.... ,.. KTZ Builders - Developers MUTUAL FUNDS NEW YORK (AP) -- The following quotations, supplied by the National Association of Security Dealers Inc., are the prlcts at which the securities could have been sold (bid) or bought (asked). Aberdeen Fd 2.92 3.19 Advisers Fd «.73 9.58 Affiliated Fd 9.07 9.83 Am Bus Shrs 4.10 4.44 Am Investors 31.47 31.47 Am Mutual Fd 10.36 11.32 Assoc Fd Trust 1.81 1.98 Axe-Houghton: Fund A 7.19 7.82 Fund B 10.68 11.61 Stock 6.11 6.68 Boston Fund 9.72 10.62 Broad St Inv 15.55 16.81 Bullock Fund 15.53 17.02 Can Gen Fd 9.84 10,75 Canadian Fund 18.73 20.26 C«plt Income 8.'6 9.82 Cap Life Ins Sh 7.87 8.62 Century Shrs Tr 12.24 13.38 Charming Funds: Balance 13.78 15.06 - Com Stic 2.18 ' 2.38 "Growth 8.92 9.7 Intl Grth 9.14 No' Special 2.96 3.25 Chase Fd Bos 10.41 11.31 Chemical Fd 16.58 18.13 Colonial Fund 13.32 14.56 Colonial Orth En 16.09 17.56 Com St Bd Mtge Unavailable Commonwealth Funds: Income 10.43 11.40 - Investmt 10.58 11.56 · Stock 10.S6 11.54 Consolldat Inv 10.00 10.50 Convert Grth 13.21 14.44 Corp Leaders 18.13 19.83 Crown Wstn D2 6.71 7.34 d* Vegh Mut Fd (v) 75.47 75.47 Decatur Income 12.88 14.08 Delaware Fd 16.22 17.73 Divers Gth Stk 13.28 14.55 Divers Invstmt 10.08 11.05 Dlvident Shrs 3.73 4.09 Dow Tn Inv Fd 7.45 8.05 Dreyfus Fund 26.04 28.42 Eaton H Bal 12.34 13.41 .Eaton H Stk 16.29 17.70 Energy Fd (V) 28.73 28.73 -Fidelity Cap 15.08 16.39 Fidelity Fund 18.78 20.30 Fid Mut Inv Co 9.50 10.38 F.I.F. 5.65 6.18 Founders Mut 8.52 9.31 Franklin Custodian: _ Utilities 7.50 8.24 Jundamtl Inv 12.48 13.68 ·Croup Securities: - Aerospace-Scl 10.96 12.00 - Common Stk 15.13 16.56 ,» Fully Admin 10.54 11.45 .'Growth Indust 21.53 22.18 -'Guard Mut (v) 25.99 25.99 -Ham Fd HDA 5.73 6.26 ''Imperial Cap Fd 9.80 10.65 ·.Imperial Fd :.. 5.56 6.04 Mncome Found 2.68 2.93 ^Income Fd Bos 8.39 9.17 .Incorp Income 9.88 10.80 .Incorp Invest 7.50 8.20 ,lnd .Trend 12.93 14.13 -Ins 8, Bank Stk Fd 6.00 6.56 -Intl Resources No No 'Invest Co Am 13.36 14.40 -Invest Tr Bos 13.51 14.77 ;i)VT. BONDS · NEW YORK (AP) -- Closing over the 'counter treasury bonds, bid, asked, net *3Ws 66 ........... 99.26 99.28 No 4.40 ·3$ M .......... 99.6 99.8 No 4.76 *3%s 64 ........... 99.1 99.3 No 4.74 !2Vas 67-62 ........ 97.16 97.20 No 4,45 «3%s 67 ........... 98 98.4 No 4.80 *3%s U ........... 97.26 97.30 No 4.88 «3%s 68 .......... 97.2 97.6 No 4.99 «y/iS 68 Nov ...... 97.4 97.8 No 4.98 ·2Vas 68-63 ........ 94.8 94.12 Ho 4.69 *4s 69 Feb ........ 97.16 97.20 No 4.88 *2ViS 69-64 Jun .... 93.12 93.16 No 4.67 *4j 69 Oct ....... 96.22 96.26 No 4.99 ,Vh 69-64 Dec ..... 92.12 92.16 No 4.70 ,4s 70 Feb ........ 96.16 96.20 No 4.95 .2V2S 70-65 ........ 92 92.4 No 4.67 «4s 70 Aug ........ 96.2 96.6 No 4.97 «2Vis 71-66 ......... 90.26 90.30 No 4.54 «4s 71 ............. 9J.14 95.18 No 4.93 71 . 94.12 94.16 --.2 5.00 "4S 72 Feb 94.28 95 No 4.98 "·2'/is 72-67 Jun .... 87.28 88 No 4.74 "4s 72 Aug 94.10 94.14 No 5.02 ,2'AS 72-67 Sep .... 87,20 87.24 No 4.71 .2ViS 72-67 Dec ... 87.12 87.16 No 4.68 ,45 73 93.14 93.18 No 5.06 ·Ms 73 93.30 94.2 No 5.07 ·4V.s 74 93.26 93.30 --.2 5.06 ·4V 4S 74 94.18 94.22 --.2 5.05 "3?/»S 74 92.2 92.10 --.6 4.97 -'4s 80 92 92.8 No 4.77 3Vis 80 87 87.8 No 4.71 ·JV.S 83-78 82.12 82.20 No 4.73 ,3«,s 85 82.8 82.16 No 4.64 ·4'/4S 5-7S 92.2893.44 +.4 4.80 '316s 90 82.16 82.24 -.4 4.71 ·4V4S 92-87 92.18 92.26 -.2 4.73 4s 93-88 89.12 89.20 +.4 4.69 "4Vks 94-89 90.16 90.24 No 4.73 -.3s 95 79.4 97.12 No 4.24 ·3'As 98 80.26 81.2 No 4.44 .Prices quoted in dollars and thirty- st:onds. SUGAR · NEW YORK (AP) -- Domestic susar ·futures No. 7 closed unchanged. Sales 13 contracts. / Close--May, 6.848; Jul., 6.85; Sep., 6.86. , Raw sugar spot 685. . World iu»ar No. 8 closed 1 higher to .1 lower Salts 1.405 contracts. - Close--May, 2.29-30; July, 2.41-42; Sept., ·i»» Oct.. l£t; Nov., J.63B) Mar, 2.7?. Atay, 2S4B July, 2.WB. Investors Group Funds: Mutual Inc Stock Selective Variable Pay Intercontl Invest Research Istel Fund Inc Ivest Fund Inc Intl Fund .. 11.79 12.81 ,. 21.03 22.85 .. 10.06 10.81 .. 8.38 9.10 6.94 No ,. 18.72 20.46 .. 39.12 40.33 . 14.72 16.09 .. 16.94 18.33 Johnstn Mut Fd tv) 18.09 U.w Keystone Custodian Funds: Inco Fd K-l 9.88 10.79 Grth Fd K-2 6.87 7.51 HI-Gr Cm S-l 23.61 25.76 Inco Stk S-2 13.67 14.91 Growth S-3 21.88 23.87 LoPr Cm S-4 6.98 7.63 Knlckrbck Fd 7.68 8.41 Knickrbck Gr F 9.92 10.87 Lazard Fund 17.25 17.50 Life Ins Inv 7.84 8.£6 Life Ins Stk 5.92 6.46 Loom Say Can 30.84 30.64 Loom Say Mut (v) 16,14 16.14 Mass Inv Grth 10.76 11.76 Mass Inv Trust 16.78 18.34 Mass Life ...j 12.58' 13.75 Mutual Shrs (V) 16.94 16.94 utual Trust ' 2.83 2.94 Nation-Wide Sec 11.52 12.47 Natl Investors 20.06 21.69 National Securities Series: Balanced · is forming a new custom borne division and will begin building homes elsewhere besides in the Sabino Vista development ."We find there is an upswing in home sales in Tucson for higher priced well constructed homes in prestige areas of the city," says Mel Znckermu. EARNINGS United States Gypsum Co., Chicago/ for year 1945: Net Earnings . 34,646,034 43,051,471 A Share ...... 4.21 S.2 Net Sales ..... 304,151,505 315,554,373 Victor Comptometer Corp., Chicaso, for year 1965: Net Incom* ... 5,241,411 2,»4,777 A Share ...... 1.16 79 cents Sales .......... »S,767,2» 75,il9,51« Imperial Tobacco Co. of Canada Ltd. for 12 monthi ended Dec. 31: Net income ... $13,331,000 11,504,000 A Share ...... 1.34 1.15 Sales .......... 366,262,000 351,544,000 Mldas-lnternatlonil Corp. (auto parts) for 12 months ended Dec. 31: Net Income ... 11,976,240 1,791,117 A Share ...... 1.41 LB Sales .. ........ 27,7SO,94t 24,477,253 Shoe Corp. of America (shoe retatllno chain) for 12 months ended Dec. 31: Net Income ... $3,435,000 3,1W,733 A Share ...... 2.10 Wl Sales .......... 233,000,000 209,000,000 Hareltlne Corp. (licensor of television, radio patents) for 12 months ended Dee. 31: Net Income . . . $222,878 1,132,092 A Share ...... 14 cents 72 cents 37,565,123 34,385,970 Occidental Petroleum Corp. (oil, sas, sulphur, chemicals) for 12 months ended Net 1 Income ... J1 4,736,000 10,070,000 A Share ...... 1.85 1.47 Sales .......... 81,105,000 45,711,000 Russ Teas Inc. (sportswear) for six months ended Jan. 29: Net Income ... $2,304,000 1,607,000 Ryan Aeronautical Co. (aerospace, electronics) for three months ended Jan. 31: Net Income ... $1,233,580 703,67? A Share ...... 49 cents 25 cents _ Sales ... ........ 17,442,428 13,333,207 Glen Alden Corp. (coal mining) for the year ended Dec. 31: .,,,».. Net Income .. $3413,000 $9,777,000 A Share ...... 6? cents $2.04 Sales .......... $79,170,000 $98,621,000 Universal American Corp. (machinery) Morse Shoe Inc. for the year ended NeMncome ...$4,344,127 $3,181,485 12.71 13.89 6.58 7.19 5.98 8.17 7.16 . . . . . 5.47 7.48 ..... 4.55 ..... 9.47 10.35 10.28 11.23 11.42 12.35 13.57 13.71 18.34 18.34 15.03 15.03 (V) 21.10 21.10 14.56 15.96 .... 12.74 12.74 11.64 12.74 Bond Dividend Preferred Income .. Stock Growth New England New Horir RP Noreast Inv One William St Penn Sq Phila Fd Pine Street Pioneer Fund Price, TR Grth 21.08 21.08 Puritan Fund 11.42 12.35 Putnam Geo 16.06 17.55 Putnam Grth 12.17 13.30 Rep Tech 5.25 5.74 Scudcier Funds: Com Stk (V) 12.64 12.64 Selected Amer 12.16 13.16 Sharehl Tr Bos 12.04 13.14 Shares Am Ind 20.87 22.80 State St Inv 44.55 No Stdmn Sc! 6.56 7.17 Televisn Elect 10.11 11.02 Texas Fund -13.56 14.82 United Funds: Accumulative 17.92 19.58 Income 14.22 15.54 Science 9.83 10.74 Unit Fd Can 5.72 6.25 Value Line Funds: Value Line 7.64" 8.37 Income 6.41 7.02 Spec! Sit -5.15 5.64 Wall St Invest 11.16 12.20 Wash Mut Inv 12.93 14.13 Wellington Fd 14.13 15.40 Whitehall Fd 13.74 14.85 Windsor Fd 18.78 20.41 Wisconsin Fd 7.60 8.30 (v) Net asset value. Continental Can Boss Optimistic SAN FRANCISCO - (AP) Ellison L. Hazard; president of Continental Can Co. told San Francisco security analysts that 1966 would be another excellent year for his highly diversified packaging firm. "Over the next few years we will benefit from certain general economic trends, including continued growth in our population, the expansion of the nation's economy and the increased rate of new family formations," he said. "For some years now, self- service merchandising and television have forced packaged goods producers to exploit the package as an advertising medium. The result has been an outpouring of new, convenient package innovations, includir aerosol cans, plastic squeeze bottles, ring-pull ends and zip- top boxes." OFFICES-STORES 45OO BLOCK EAST BROADWAY GREATER BROADWAY DEVELOPMENT CO «35 I BROflDWflV EA 62464 20% RETURN POSSIBLE on investment opportunity to participate in $200,000 income producing project. $30,000 required.. Skeptical? Is there an investor in Tucson who will join me? Honest, sincere, responsible inquiries are invited. Confidential. Don Marshall 297-2436. FOR UNBIASED ADVICE ON MUTUAL FUNDS WESTAMERICA SECURITIES INC. Stocks MUTUAL FUNDS Bonds MEMBER PACIFIC COAST STOCK EXCHANGE PRESENTS WILLIAM A. DOYLE Nationally Syndicated Fininclal Columnist Read Dully in the Tucson Daily Citizen LIBERAL ARTS AUDITORIUM UNIVERSITY OF ARIZONA MONDAY, MARCH 14, 1966 8:00 P.M. Question and Answer Period After Lector* Phone 792-2434 FOR FREE TICKETS Admission by Ticket Only Tucson School of Real Estate COMPLETE COURSES covering all types of , REAL ESTATE TRANSACTIONS .. , Morris Mac Benisch, Director 4351 E. Broadway 793-9456 or, if .no answer, 326-6825 NEXT CLASS STARTS TUES., MARCH 8TH ..I ,,**?·» - ' MEMO-MR BUSINESSMAN Let the PUBLIC KNOW You can present this information to over 250,000 Southern Arizona Residents fo f( last Broadway N HOMES * with a Daily card Advertisement JQQ per per per column inch month one full year per column inch month 6 months per per column inch month one month Your copy appears in every paper, week days and Sundays. You are allowed one copy change per month. This is one of the lowest col. inch rates available to our advertisers. MORNING and SUNDAY . With an average 86,000 daily *T* weekday circulation of the Ari- izona Daily Star and T u c s o n Daily j Citizen. Copies will reach a conservative estimate of over 250,000 persons. j^ star and citizen have separa te and Independent Editorial Operations Although l\ UPlil Both Use toe Same Publishing Facilities. 1^ Printed and Distributed " E V E N I N G Newspapers Inc. laflj (fteu fafr Vcr ·-**? * W »« "'· - w v^" ' ^ J* iwijii« «~ ~ y v ·/· ~ *·

What members have found on this page

Get access to Newspapers.com

  • The largest online newspaper archive
  • 11,200+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free