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Show f Vs lAr, "V "Wrw 'Vn (fi"11 qtrTg 40 l 400 n I ""'If Z ffscscsEs, , ' T""-- .. w 'f , POOR BARGAIN He said that in selling 80 per cent of the companys oil shale property to Atlantic Richfield Co., Equity management did not make a good bargain and contt nded that the transaction should have been submitted to the shareholders. "It was illegal to act as they did, he contended. Patton presented the 8 Thursday, B to ARCO, the company advantage of the research and that technical development ARCO has done in the oil shale sector. "We dont have to spend 10 cents to find out how to retort shale or to mine it . . . When ARCO gets into production, well be back in the oil shale business. ARCO has a lot more money to spend on dethan we have. velopment ARCO is the only company that is going to develop oil shale and we're a partner with ARCO, he said. CITES PROFIT Evans recalled that the company had paid $250,000 to acquire the oil shale land it took com- mittees candidates for the board of directors including himself, John E. Kilgore Jr., New York City; John R. Menke, Scarsdale, N.Y.; C. Henry Roath, Denver; Arthur A. Seeligson Jr., San Antonio, Tex.; Dix R. Turn bow, Denver and M. William Weaver Jr., New York City. DEFENDS MOVE Fred H. Evans, company president, contended that in selling the oil shale holdings May 15, 1969 had acquired nearly 20 years ago in the Piceance Basiu of Colorado. The land was sold to ARCO for J26, '66, 666.70. The present directors of the company were nominated for as follows: Mr. Evans, F. A. Thurman, W. W. n Reed E. Holt, A. Tourssen, J, Lynn Dougan and James G. Mitchell. MEET TO RESUME After the voting, Evans announced that the meeting would resume Friday at 10 a.m. to determine what further action would be taken on the ballots should there be any disagreement over the count. Dansle, Hor-ma- If WASHINGTON (UPI) The young lady in the straw hat stood up In front of a stockholders meeting, unbuttoned her yellow blouse, and tossed it at a startled board chairman. Evelyn Y. Davis of New York had a shirt on underneath. She pulled her pseudo-stri- p Tuesday at the annual meeting of the Communications Satellite Corp. to dramatize the removal of International Telephone and Telegraph Corp. ITT from Comsat's board of directors. "I stripped this off just like we stripped ITT from the Comsat board, Miss Davis said. She is among the stockholders who have protested the participation of commercial carriers, such as ITT, on tne Comsat board. ITTs two seats were transferred to public owrership recently. till a The Dodge Building Cost Service, a department of McGraw-Hil- l, said the ncosts ations construction soared an average of four per cent, with the biggest gains in thp eastern and southern sections of the country. Costs in the Rocky Moun per cent rise wages hourly for major in was lumber, which had price increases of as much as 80 per cent in some categories during the past 12 months. president, UP&L's 73 spans portion miles between the Montana border and south to scoviile. The appointment of two new officers has been announced by Ideal National Insurance Building Low In April 1969. This was 11,300 Construction employment in Utah was at the lowest level for April since 1954, according to the Employment News Letter of the Utah Department of Employment Security. However, the number ut construction workers was up DuO over the revised March level for a total of 11,300, the news letter said. Total employment in the state stood at 395,700 in April Pres. William I. Spere. H. Douglas Co. Brown power companies will ab-begin work Immediately on their sections of the line. Other sections are already completed. Hunter said the line will provide new power deliver facilities for UP&L customers in the Upper Snake River Valley area, including Atomic Energy Commission operations near Arco. Wasatch Electric Co. will build the UP&L portion, using 35 men initially and later peaking at about 80 men. area. e n 2 Appointed By Ideal Life building exception a said the construction project is part of an estimated $21 million transmission line that will run from the Nixon Hydroelectric plant in western Montana through southeastern Idaho tu American Falls and terminate at UP&Ls Naugh-tosteam electric complex near Kemmerer, Wyo. Douglas H. Brown , . . vice president trades craftsmen was the primary catalyst, whie materials were up only 1.8 per cent during the same period, with some exceptions. The five-stat- & on E. Allan Hunter, Coast states were up an average of 3.8 per cent. Costs labor rates and materials prices contributed to the cost incrases, said Dodge. An 7.2 Idaio. It will be completed in December of this year. Both Idaho and Montana Light Co. has $3.7 million, 230 kilovolt line to help strengthen power intertics in Utah Power tain States and in the Pacific average Line Project I ;v started work Sharp Hike Posted in Building Costs Building costs posted one of the sharpest Increases in a decade in the year ended April 30, with the Rocky Mountain area running slightly less than the national average, a reporting service said today. wajprnQ.ri UP&L Starts - "There have been no new discoveries of reserves and no signs of new development. I just feel that what the present management has done has been inadequate, he said. wmiae 3 WITH PSEUDO STRIP In a confrontation at the annual Equity Oil Company stockholders meeting in the company offices Wednesday, management and a dissident group debated the way the company is tun and the future of oil shale. Before an overflow crow, Henry H, Fatton, New York, chairman of the Stocksholders Committee for Better Management of Equity 0 il Co., noted that per share earnings of the company had declined from 44 cents to 13 cents. -- CORNER ON COMMERCE A ' SHE STARTLED 'EM - rair icmr yir has been named vice presidert and comptroller. New assistant secretary Ls Earl S. Maeser. legal counsel for the company. Brown has served as comptroller of the company since Sept. 1965. He joined the company in 1964, after graduating from Stevens Henager College. Maeser is a graduate of the University of Utah where he received his B.A. degree in 1956 and his J.D. degree in 1961. Prior to joining Ideal, he was a member of the law firm of Pugsley, Hayes, Rampton and Watkiss. He is a major in the Marine Corps higher than a year ago. This April's seasonally rate unemployment adjusted was 4.5 per cent, .5 lower than a year ago. Manufacturing was up 700 workers over the previous month; mining also was up government 700; up 500; transportation, trade, finance and service gained 3,400. Bank Opens Branch Powell American National Bank opened its first branch today at 7095 S. State. J. Mark Warner, assistant rice president, are secretary and teller. Complete banking service is Monday through Thursday 9:30 a.m. to 3 p.m. window the drive-i- n with being open until 6 p.m. On Friday there will be full banking service until 6 p.m. offered is manager with William Roderick, rice president and director, as area supervisor. Carma Pierson and Jean 5 Gain CPCU Rank The award, comparable to the C.L.U. designation for life underwriters, is given after completion of a series of examinations and is also based on certain professional standards. The Utah Chapter, which is headed by Joseph F. Five Utah insurance salesmen have qualified for the Resene. Chartered of designation Property Casualty Underwrit- Produce Market er (CPCU). They are Ron Cornell, of Fred A. Moreton Agency; z Barry Ingham, of Agency; Richard E. Prcdu-CHICAGO (UPI) oat Cheese: 5 lb processed Cheddars: brics 06 SI I Muenster 40 longhorns s.ng.e daisies To; Swiss (wheels): 53' .0 b.ocks 0 lb): Grade .cvv lo report; blocks a. 6 A grade B j; qrade C Wholesa.e prices as reported by the Chicago Mercantile Exchange: Butler steady: 93 score 67 'A; t2 score Car-Ict- s. 89 score 60'-90 score 64Vi; 67' 90 score OS1.; 89 score 62. Eggs steadier: White large extras Ml mediums 25; standards 30; checks 23' o. Potatoes: Total shipments 500; old and new arrivals 43; track 148; supplies light; demand good; market tirm. unless othTrack sales (100 lb. U.S. Idaho Russet Burbank erwise noted): 7 25; Minnesota North Dakota round rads Watkins-Ringhol- Jacobsen now Ringholz, Grant D. Oldroyd, both with the Curtis & Brandley Insurance, and Robert Sloan Jr. of Sloan Insurance Agency. and includes 11 members. The organization is supported by the property and liability insurance industry. Livestock 3Omoni: fb choict and prim NORTH SALT LAKH, Wednesday auc- - Iambi 11; track 95; supplies' wts cu"' ,tlon: slow; market dull. Y Texas . Track salts: yellow Grant, Producers Livestock Market Hogi JJJ J IP 21.75-200; sows..1 Grano type prepack sue 2.25; yellow j $. "I? od 2 0 IP 24 00 jr.300 ':J Grano large 210; California whlta large unn-taslhaep 26; good and cholco'-h,"- ' 00; tattle 426 hMdt ' 3.50; medium 2.75. .iLm sprinq Iambi 29 nginnlai m h all daises of slaughter and feeder cattle fully steady with Monday; qualify lau it- .Wednesday were 4, jOC. butchers ootned tractive than In recent ants. 0 higher; doled fully 50 higher; ec- 90; , Cowa: Canner and cutter 17 . . jog.jj. u, butchera 4 21.40-2- 3 50; commercial and utility jjg had lorled at 24 50i IP Stocks B0. Higher in active trading. Iter bulls 23 5 lb 23 5024 00; Fed cattle: Choice fed steers absent; 23 0023 50, mostly 23 3 50 ; nnrhAnoMf to 260 280 lb 54 ted Hoi- - lb 22 25; to low cho.ce higher m'oulet'tradmg?1 S,0CkS h!9hr ln ,C,V choice fto heifer, 1o 40 2i.70 tradIrkJIC8n heavyTde! ... " 'jo'Tcod Ch02f 2X?n ' a; - Seamlea stretch PANTYHOSE Our own fine quality jku Carefree and brightly colored 57 RIPORT OP CONDITION OP THI A wardrobe of micro mesh sheers et savings. With nude heel, demi toe. Or reinforced heel and toe. Teen styles, too. 8 to IL Reg. J.49 cotton-polyest- Terrific buy! Sheer mesh nylons In Tosetone, untone, cinnr.-noblack, brown. Sizes short, medium, tall, extra tall. n, Jiff. 49t VI Sanforized cotton in colorful prints or blend solids in high shades. Sizes Girls sizes 4 1.77 ZIONS FIRST NATIONAL BANK er ft patent Ref. 1.89 Salt eattam knit cm1 LOCKER SAIiDALS NECK ef Salt Lake City in the state of Utah, at tha close of businest on April In respor e to call made by Comptroller of the 3). 1949. Published Currency, under Section 5211, U $. Reviseo Statutes. ASSETS Cash and dut from banks (including 1196 961 34 unposted .... .... S 34, .858,341.14 debits) U S. Treasury securities 25,,234,005 45 Securities of other U S. Government eoencies and corporations 7, 162.914 88 29,,094 47.ll Obligations of Matts and political subdivisions 1, 487.442.79 O'her securities . . 140. ,6 5 Loans tank premises, furniture and fixtures, and other assets 2, .645,447 07 represenlino bank premises 1, ,420,922 40 Real estate owned other than bank premises .. . 2, ,913,301.21 Other assets (including $721,341.32 d rect lease financing) .. ... TOTAL SHIRT 157 ASSETS $247,538,352 32 LIABILITIES gf individuals, partnerships Demand doposita and corporations 1,985,305.42 Time and aevirgs deposits of individuals, partnerships, and 110,199.371.94 corporations Deposits of United States Government 1,496 723 64 19,435,501.23 Deposits of States and political subdivisions 5,480,475 53 Deposits of commercial banks Certified and officers' checks, etc. 1,255,153.03 TOTAL DEPOSITS 5200,484,531.01 ...... Polo shirt favorite with roomy raglan sleeves, one, pocket Full cut . . . extra . long. Many colors. Lively, young-loodals. Here in shiny vinyl k (a) Total Reg. 1.89 Reg. 4.99 san- patent.. .lighthearted pastels. In sizes 5J to 10. YOUS SYMPOi OP aUAtIVV TOPSHW demand deposits . $ 74,273,707.04 (b) Total time and savings deposits $126,41? Federal funds purchased and securities ments to repurchase Liabilities fur borrowed money Mortgage indebtedness Other liabilities TOTAL 23 95 sold under agree4,860,000 00 14,000,000 00 284,041.73 4 543,851.43 .... LIABILITIES RESERVES ON LOANS AND SECURITIES Reserve for bad debt oses on loans (set up pursuant to IRS rulings 'Tty TOTAL t allefiate stfle Made tar ariiaa BANISH SSEH'S HYLGA ZIPPED JACKET SHIRTS Solid ar striped mm nee i , f Drawstring liottom, Many colors. Sizes shells with zipper hacks. Turtlenecks or mot k turtles. Assorted solids and bold stripes. Misses sizes Avalloblt In Moil Stores Sli-ru- ATISFACTIONIGUARANTEED RESERVES ON LOANS . Equity caplta'-totp- l Common S.xk-tota- l No. No. TOTAL par value share authorized shares outstanding Surplus Undivided .... SECURITIES CAPITAL ACCOUNTS AND 1,926,332.41 l,92o,332 4l 19 235,595 47 2,715,444 00 .... 1,357,72? 1,37,722 12.337,100 00 4,182,351.67 profits CAPITAL 224,376,424.17 ACCOUNTS TOTAL LIABILITIES, COUNTS RESERVES, 19,235,595 AND CAPITAL 47 AC- 247,538,352.32 MEMORANDA deposits for tha 15 calendar days ending fVWi ii? Lmjs ' J Classic short slelne nylon knits. Placket neck, collar. Machine wash. Assorted edm S.M.L.XU w wnv-w. Wheat closed steers 25 30; good and choict 54-HChicago gran futures lb Cattle none; steers 7,000; calves cent; corn up H to lb heifers 24 60; choice unchanged to up rve uo nd heifers active, steers fully steady oats off H 25; choict heifers 30 2 10; good 29 ivith Tuesday or strong to 50 higher than and soybeans off 'A to up i. to lb steer calves 35 Monday; heifers strong to 50 higher; OMAHA 7,500; cows slow, steady to 25 lower; bulls Cettle lb 5 Prime steady. 10; steers steedy to 25 higher; scarce, calves steers yield grade 3 and 4 heifers steady to strong; cows fully, slaughter 37.00, 34 Had lb 50; 1,255 highest 25 instances bulls fully steady, hghe and steady; slaughter steers high choice and since April, 1959; mixed high chokechoice lb prime 1.250 lb 3415; choice and prim 'Prime 1,1501,375 33 4 00; lb yield grade choice and 00; good and choice mixed good end rhnice 37 low 1 30 30 good 25. 00; and standsrd 745 lb per troy ounce. New York. Silver . Mixed high choica ndPvrn 300, spring lambs and shorn Sheep troy ounce. New Yoric. Quicksilver 520.00 00. lb slaughter heifers 33.00-3slaughter awes steady; spring slaughter 1751,005 nominal per flask, New York. Average of total with call date 201,248,227 40 Average ef total loans for th 15 calendar days ending with rail date . .... . 118,421,112 73 I, David Cookt, Vice President and Controller, of the bmk do hereby declare that this report ef condition A true and correct tv thi be$t ef my knowledge and be!ii. tAVID COOKE We, the f this report of directors attest the correctness cnndlt on and dc'are that It hat b?n rxmlntd by ui and to the best our knowledge and belief is true and of c ':, Hiirw B BROWN FRED A. CARLESON I. EASTMAN HATCH Direoorg |