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Show "P The Las Vegas hotelman and financier labored behind wa!l of secrecy with his LAS VEGAS, NEV. (UPI) Kirk Kerkorian, one of the nations fast-risin- financial g associates at Tracy titans, steps into the ring against Western Air Lines in Los Angeles Thursday in a proxy battle for control of the Co. offices in "nvest-me- nt this des- ert resort to WALs annual The prepare for meeting. It could be one of the most daring maneuvers in his financial career. stock. Tracy Investment Co., Kerkorian's wholly owned holding company headquartered here, has 83 per cent of the voting stock in International Leisure Corp. which in turn owns and operates the Bugsy Siegel- - airline. barred slugfest with millions of dollars at stake, began with Kerkorian's demand for nine of 18 seats on WALs board of directors to back up his recent purchase of approximately 28 to 30 percent of Westerns common Brokers have indicated that in order to gain control of must have proxies from about of the shares he does not already own. one-fift- h At the time of his purchase, here Kerkorian announced that his move was for investment purposes only and that he did not intend to seek any major changes in management. Subsequently, it was learned, Kerkorian was moving to increase his holdings in the the about All questions Western Air Line maneuver have been politely turned aside. But an aura of confidence was undeniable. won two Kerkorian Western Thursday, built Flamingo Hotel on the Las Vegas Strip and the International Hotel which will open in July. Kerkorian Corp., bid for control of Western last December. He offered $45 a share for up to 1.5 million shares, a total of $67.5 million and the largest single bloc of WAL stock owned by an individual or institution. airline. Kerkorian acquired 1,265,000 shares or about 25 per cent of common stock in the tender offer in December. He increased his WAL holdings to 1,380,995 shares in Western common stock through private and market transactions three' months later. At the same time, the financier acquired $6.14 million of the debcarriers convertible entures which, if converted, would give him about 30 per cent of the outstanding common stock. Western Air was Lines caught by surprise and reacted sharply. Western filed a complaint the Civil Aeronautics Board charging Kerkorian obtained holdings in Western ille- - with wyu ffcjf kitmrmmttn ttor efft f J mly atoii. Miss Anderson December 2, 1968 Mrs. Jensen Promotions In WAL announced by Western Air Lines. Alice Lewis, manager of the WAL stewardess base in Salt Lake City, has been chosen to open and manage a new stew- American Western Life Insurance Company A Utah ardess base at Minneapolis-St- . Paul International Airport. Janet Dahl Andersen, inflight instructor and acting supervisor, will go to Minnesota with Miss Lewis where she will be supervisor of stewardess service. Succeeding Miss Lewis as Salt Lake regional manager Corporation Utah III latarcaiaMataMif Irani 1 Afetto, lafM Itoto and Naw Matka. I Hi Arla, 257,000 la mm4 site eortoriied ft write Mnt, Nevada. Oragaa Elks In S.L. proposed by P r e sident Corner credit is repealed, as he foresees only a delayed effect on the steel industry. E. B. Speer, the new president of the No. 1 steelmaker, expressed his opinion at a steel forum sponsored by the New York chapter of the Steel Service Institute and the National Association of Purchasing Management. III Wyawfag. SHARES Par Valua Common Stock OFFERING PRICES $S.OO Par Shara of $1.00 Proipodui may ha obtained from tho Underwriter by completing and returning the caupen below. Copy of will be Mrs. Donald (Sandy) Jensen, Sandy, who has been a supervisor since 1967. West- ern has 119 stewardesses based in Salt Lake City. Miss Lewis, a former TWA stewardess, joined Western as a crew scheduler in Los Angeles six years ago. She became a Salt Lake stewardess supervisor in 1966 and was promoted to manager the fol Amarlcan fund and Tructe, Inc. 940S Saatb Main Street Salt lake City, Utah S41 1 S Gentlement Pleaie tend me, without obligation, a copy of the Prospectus of American Western life Insurance Company. NAME ADDRESS CITY, STATE, ZIP CFI Purchases Coast Truckers SAN FRANCISCO (UPI) -solidated Freightways, Inc., Tuesday bought controlling interest in Pacific Far East Line, Inc., for $25 million in cash. Consolidated board chairman William G. White said Con the San Francisco firiri purchased 472,550 shares of PEEL common stock from Natomas Co. and certain related inter, ests. He said the purchase will give his firm 51 per cent of outstanding stock. DALLAS Informed sources say that an insurance company has offered to purchase the downtown property for approxiof ' a , mately million dollars. The Elks property extends back to First Avenue where there is a grocery store building and an adjoining parking lot. Red Stevenson, manager of the Towne House Athletic Club, East, said that talks have been under way between his organization and the Elks officials but that no agreement has been reached. It would be a merger, not a he said, but Elks sale, sources denied that a merger was being considered. 158-3r- d Speer told the forunt that because of technical advances the steel industry had become a part or the space age and the now generation. He said the industry was flexing its strongest competitive muscle ever. - Earth bought . HCTil, IlKO, Grain Futures Tilt Rmh: Hittl Optfl WHEAT Cltst Prtv. Lew OGDEN and gilts 0 5 t 1.66' k 2.66 2.664 2.66 1.66' 2.70 2.66' 2.704 2.694 J.65 2.664 2.34 Jan 2.'j 2.42 e 2.66' 2.45 2.35 2.39 2.45 2.35 2.38 2.45't 2.344 7.34 2.426 7.38 2.3'4 2.42 7.32 2.70 2.42H 7.37 2.70 2.'4 2.458 2.34' 2.38 2.42 7.34 a Cash Grain Cash rein sales: CP'CAGO (UPI) No 2 $of. red 1.32JN. Corn ' cent higher. No ) yellow 1.23'. Oats unchanged. No 2 extra heavy white .66'N. Rye unchanged. No 2 plump feed 1.22'N. Barley Malting Soybeans unchanged. No 1 yellow 2.70VN; track Chicago. Whet unchanged. Oaly IUip, (Ayr. laprateaft AwwiMtottt Oar fWN frACKAftt Partiaa tto Mry ft 243 EAST 4th ECOXIY SALVAGE I wi oavi Mvm xa a ant iocatmm Phone 328 - 0631 ELKO TRAVEL SO. Tktrg is valut in your Coll us building th wrocktrs - Ilk lb lb Co. BUREAU bs-f- or 277-25- 43 ' ! . ; ; American Stocks All () lb 15.00. May Jty Auq Sep Mar Oct TeleMation, Inc., is seeking registration with the Securi- ties and Exchange Commis- sion of 220,000 shares of com-- mon stock to be offered for public sale through underwriters headed by Goodbody and sales m Hundreds (00) omitted ex- -. cept for those de ignated (z) which are traded In 10 share lots and carried la full. DIVIDENDS: (a) plus extra; (d) ' paid last year; (0 payment on eccumik iated dividends; (b) declared or paid so far this year, no regular rate; (e) cash plus stock; (g) annual Tate plus stock dividend; (h) paid this year latest dividend omitted; (k) per cent In stock; (i) per cent in stock paid last year; (r) capital distribution; (x) FRACTIONS: (fl Indicates following s figure is fraction in 32nds; indicates lb following figure Is fraction in 64ths; (t) indicates following figure Is fraction U - 0 ' Seeks Approval oper- Hogs Irt; higher; lb ; sows scarce, Individual 502 0 3 soybeans IY net Livestock Sep Dec Mar RYE May Jiy Sep Dec Mar IpEMgrjw medical instruments and laboratory equipment for nearly 10 years. It markets some 30 products in the U.S; and abroad. ing last year. Earnings for 1968 have been restated to give effect to the 10 per cent tax surcharge which was retroactive to Jan. 1968. Total operating revenue amounted to $148,336,501 which was or 20.3 per cent over the amount earned in the first quarter last year. JIV . . . uit wait- per ating earnings per share were 73 cents compared to 62 cents per share in the same period Mty "lFUN bv AUTO Btlaav Video Computer Corp., Los;-- , Angeles. Previous positions held by him include manager of mar- - . keting for F and M Systems , . Co., Dallas, Tex.; president, and general manager of Control Engineering Corp. and Control Products Corp., Ft. Worth, Tex.; manager of . marketing for Sperry Rand I Research Center, Sudbury, Mass., and regional manager of marketing for Sperry; de- - ' sign engineer and senior cus- - I tomer service engineer, Con-- . ; vair, Ft. Worth, Tex. t ; The recent merger of Fluid; ; ics and Ensco, Inc., will give impetus to tne medical instrumentation industry in this area, according to Mr. McGlochlin. Ensco has been produc- - , The board of directors have 1969 -- Idaho, Mr. McGlochlin has been a management consultant to the purchase of approved LOR Inc., Lafayette, La., manufacturers of offshore directional drilling systems; Great Basin Steel Co., Inc., Nev., and Taylor Sparks, Steel Co., Inc., Las Vegas, Nev. First quarter president of Fluidics and Sales, Inc.; 3365 S. 2nd West. A native of Boise, for the same period in 1968. The firms Utah representative is Walker Bank. Western Bancorporations first quarter 1969 per share earnings increased 17.7 per cent over last years record high, according to Frank L. King, chairman of the board. This was a gain to $15,741,953 over the 13,099,267 reached OATS NEVADA 12 cents new Production W. Bancorporation Report Nov 6-P- Fox, New Park Sets Record in net income, or share. a of market- ing, Basil B. McGlochlin, has been announced by Harold L. Kerr-McG- Record 1968 sales and earnings and the acquisition of three companies have been ' reported by New Park Mining W. Pres. George Companys ' Day. Gross sales for 1968 were with earnings of $3,305,891, $1,118,150, equal to 33 cents per common share. In 1967, were figures comparable $1,514,421 in sales and $422,441 of The appointment corporate manager tor in a joint venture with Atlantic Richfield on 23,000 acres in the Shirley Basin. Vitro Minerals Co., an Earth Resources subsidiary, will be operating partner with on 12,000 acres in the Gas Hills area. uraResources Co. has nium exploration rights on acreage in the Shirley Basin and Gas Hills Districts of Wyoming from Atlantic Richfield Oil Co. and Corp. and will serve as opera Any decision will have to be approved by Elks Club members. Meetings of members have been scheduled beginning Thursday and will continue for several days to consider the alternatives. Another possibility, accord- ing to Elks sources, is the purchase of property away from the center of town and the construction of a modem clubhouse. The present lodge building was completed in 1923. The land at that time cost $70,000 and the building $300,000. ing far you. All-NE- W Manager At Fluidics three-quarte- Watfara hatyifality . . goad Inf auj adult antortaUmant ... at tba COMMER- UTOUCEIK (UPI) manager Marketing Buys Uranium Rights Elinor Sayst CIAL . . . Fluidics 1965. Kerr-McG- lowing year. She is a native of Gloversville, N.Y. Mrs. Jensen began flying with Western in 1963. She comes from Boulder, Colo. She has actively participated in Westerns ski western America and promotions traveled throughout the U.S. vacaselling the tion concept. Miss Anderson calls Minneapolis home. She became a stewardess in 1961. PEELs . Basil B. McGlouchlin It certainly i going to he slow capital expenditures, said of the proposed abolishment of the tax incentive for corporations to expand their production facilities. But I dont think it necessarily will have an effect on the steel market in 1969. What we are spending was on the drawing boards in NEW YORK (AP) The president of U.S. Steel Corp. said Tuesday that if the 7 per cent invest- m e n t tax The building at 139 E. South Temple that has housed the Benevolent and Protective Order of Elks Salt Lake Lodge 85 for 46 years is no longer completely satisfactory and a search for a new location has been under way for some time. 3 S.L Women Gain rtff 4 if. tki imimmmnM It tmmttf ef h pebihbe4 ffreo Mcvrlfto. f to mII mt 9 eelMtmtimm mfft bey pJy fry fto IwipMrti la tto ifctai wtor Ito Mnrlflu mmf to MtMwHM la 'Steel Will Feel Delayed Effect' meeting. several alternatives. Promotions for three Salt have been Lake women Vfc the shareholders, but the airline management refused. The swarthy, taciturn Nevada financier then won the battle for the stock list in the Delaware courts. However, prior to FriDelaware Supreme days Court ruling, Kerkorian did not have the stockholder list and it was unknown how successful he would be in making use of it before the annual Wednesday, April 23, 1969 8C cision. Kerkorian requested that Western provide him a list of Salt Lake Citys Elks looking for a new home and reportedly are considering The Las Vegas financier, who also is the largest single stockholder in Transamerica In oa New in incorporated Delaware where the state supreme court upheld Kerko-rian- s request in a ruling Friday. M) eHfim is Western ms "'1 grant Westerns request for a declaratory ruling on grounds there was insufficient information on which to base a de- Seeking New Home Dela- 1 m gaily by failing to get prior CAB approval as required by law. The CAB refused to Nixon, ware court battles last week to force reluctant Western Air Line management to give him a copy of its shareholders list. p0 for price Sheep 25; volume too s m a test. Utah - Eastern Nevada feedlot Idahe and range sales: . Weekend trade on slaughter steers at e few slaughter heifers standstill; fully steady, but market hardly tested; feedlot operators report good early week Inquiry, but few sales completed; few slaughter lambs strong, wool firm; slaughter heiflb yield ers, confirmed 100, choice grade mostly 2, 29.00; in Western Idaho, f.o.b. 4 5 percent shrink, Immediate delivery; feeder cattle confirmed 150, small lots lb steers 32.00 f.o.b. weighing point, equivalent 4 percent shrink, immediate delivery. Sheep confirmed 1,150; Minidoka lamb pool. Paul, Idaho, six decks choice and prime 101 lb slaughter spring lambs 30.20 f.o.b. 4 percent shrink; contracted for August, one delivery; near 500 choice and nearly fancy yearling ewes 38 00 per heaJ' wool confirmed 3.500 fleeces; Jefs ferson County wool pool, bulk staple 45. C? cents grease basis, subject to standard discount. LOS ANGELES Livestock: 400, calves Cattle 350, compared to last week, slaughter cows higher. bulls 1.00 higher. Good demand for both classes, bulls receiving broader outlets than past three weeks. Calves held tor mtd week auction. Slaughter Classes Cows, dairy breed: Commercial and standard Utility mostly 21 bulk cutter canner largely 16 50. Bulls utility and commercial Holstein largely Individual 1,780 lb 28.30; cutter and utility 22.50-2- 5 50. Beef breeds: Utility and commercial large 25.50 Up. Whs. NEW YORK (UPI) Selected stocks on the Amer'can S?xk Exchange. Sales(hds) High Low Last Chg. 4 Aerojet .50a .U 22b 22 AildCont .44 79 2846 2546 28H27! Am Pet .40b 28 3W 29 29 . ArkLaG 1.70 36 33 V 32H 32H AssoOil Gas 9 260 8 81 . . 7 4516 BeilTICn 2'4 45' 4- 45 BrazL Pw 1 19 843 20 196 to 16 BritPet .28b 337 17 166 Vi Circle K .32 26 21H 21 21'b V 15 19 19 19' Clary Corp 4 17 17' 17'4 Computes! j.; . 21 Creole 2.69a 38H 38 38' ... 17 18 4 48 18 DayMn .I5d ' 44 19H 18' 18' Dixilyn Cp 35Elcor Chem 53 376 35 -2 Eou Cp 05d 93 Vt , 6 66 6-83 9e Fed Resour 8H I V 17 Feimont Oil 17' 79 17' - 54 30 FinCSB .2Cq 38' ?8'6 14 V Frontier Air 2) 12H 1?H 12H G C A Cp 2k 37 29 36H 37H Gen Battery 158 16 15H ' 15- HGreer Hvdlc 5 23H 22S 22 136 21 20' 20' HuskyO .30d H Kaiser In 2k 126 214 21' 21' 5 28 Kirbylnd .30 284 2834 . ? Lee Natl Cp 22 9 23 23 , 42 Mohwk Ain 10a 104 104 21 3? 32H 32H Moiybdn Cp 10 New Pa'kM 242 10 1m H 1550 1106 1104 2 Ookiep 4.17b 1 PacNwTel '3 17' 17H 17 30 Pneum Dvn ?3' 18 16 PubcoP ,15b Reeves Inds 7H '4 7H ' Shaftuck Dn 6 6 Soiitron .I4g 26s 8 Std Metals . V4 35 35 Statham Ins 40 50'- -m 50 Syntax 19 , 20 Teccolor .40 1 73' 73' Trl Contwt ?5'4 2S1 4 UnvCon .07e . Wst Nuclear 17- H- 22. A. llii 2744 14 -- I I I t: SAFETY INSPECTION Blossom out in a new 69 car from Freed Rental Lease FREE with Purchase of four Tires SPECIAL SPECIAL ALIGNMENT BATTERIES SPECIAL CASCADE MOTOR OIL 12S8 19c 12-Vo- 98 lt 1 I: SALT LAKE 157 IN Wst 3300 South Phont 484 8801 PROVO . I full-servic- e, home-owne- d company. I I I I T :i I-- : :- qt. RENTAL LEASE COMPANY A half 7 VViiiAl 1 , , ... If: L v ftli I I blck from South Tempie on 2nd East 328-493- iA. A rl. I: 300 South 375-32- 1 i: M Watt Phon. ' re-sa- A Tire Centers IN Spring is here! Enjoy it in ANY MAKE CAR you like. Get that new car at Freed Rental Lease. On competitive terms. And the best lease plan in town. A GUARANTEED CLOSED END LEASE. So you avoid deficiency and prob- -' lems when your lease expires. Something you should check before you lease anywhere. Come in and make your deal today. 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