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Show PAGE THE DAILY RECOR EIGHT SALT LAKE CITY OTC QUOTES Israel Economy Thursday, August 5, 1971 By John M. Dyer 9:00 A.M. A & P Foods Agau Mines Allied Oil Andersen 2000 Auric Metals Alpa Beaver Mesa Big Horn Bio Mechanical Blue Mountain Business Auto. & Systems Cameo Minerals Cebeton Classic Mining Computer Parking Systems Com Tel Con Cap Con Mayflower Cont. Dynamics Crestline Dakota Minerals Duraco E.M.C. Energies East Antelope Ebony Oil Emdeko Intl Flying Diamond Franciscan Oil Friar Oil Globe Inc Gold Seal Growth Oil Hi Fashions Hike Bell Homestead Instant Hot Water Intermountain Exploration Interwest Food Investestate Bid Atktd 1 2 I' 40 1 50 2 7 4 6 7 10 11 sumption 1 4 Internal stability was attributed mainly to the various fiscal measures taken during the year which restricted the growth in 6 10 9 5 20 4 10 30 2 35 12 12 16 15 1316 1516 1 4 2 2 3 1 2 9 3 8 13 15 2 20 15 40 3 33 3 37 4 H 35 King Silver Kings River Medical Dev. Corp 15 9 Transport WASHINGTON 1 19 Pacific Eng. & Prod Charged With Ignoring Low Cost Plan 14 1 57 3 Mercury Metals Micro Biological Midnight Gold Midwest Reality Mineral Energy Modem Minerals Monada Pet Mtn States Res Jackman National Treasures New Metals New Products Newport Pharm Oakridge Oil Securities Pacific Air FHA Suspended 16 Leisurecraft Major Oil and export demand continued to expand strongly, inflationary pressures were avoided. 1 50 2 January Mining - 1 6 Miami Review (Reprinted by Permission) The Bank of Israel (ACCN) a slowdown in the economic reports of 1970 as the surin Israel growth domestic resources which were plus available in 1968 and 1969 became fully employed during the course of the year. Gross National Product (GNP), in real terms, rose by 6.9 per cent in 1969. Although public con- 194 1 10 10 2 15 1 2 1 2 2 2 39 6 10 3 42 49 9 housing corporations throughout Mississippi, charged that HUD has forced sponsors to use the interest subsidy program under section 236 of the National Housing Act. He said this was contrary to the intent 7 20 24 52 11 4 11 13 2 3 and foreclosures." Msgr. Michelin, who is president of a string of low income public 94 20 Low-to-moder- administration, in a total lack of resulting 1 1 - income housing for the about three times as costs elderly much under the government's interest subsidy program than under its direct loan prohram, a Senate subcommittee was told August 2. Robert P. Renfrow, who heads the Southeastern Housing Corporation of St. Petersburg, Fla., called the interest subsidy program run by the Federal Houxing Administration a scandal of Mississippis Catholic Charities, Inc., agreed, testifying that the direct loan program was much more flexible in its ap- plication 25 1 (UPI) D-N.- - Slowed in 70; Real GNP Rose public consumption consisted was due to higher defense imports and $70 million can be attributed to the deterioration in the terms of trade resulting from falling citrus and diamond prices. Export of goods and services rose by 8 per cent in 1970 compared with 12 per cent in 1969. Imports of goods and services increased by 20 per cent, but if defense imports are excluded, the increase was only 8 per cent. Capital inflow grew from $675 million in 1969 to $1300 million in 1970, including an increase in unrequited transfers of $300 million. Net foreign reserves rose by $25 million following a large decline in of imports of defense equipment which did not put pressure on domestic resources. Gross investment rose by 8.8 per cent, slightly more than the growth in GNP but substantially below the increases of the two preceding years. Full employment was reached in 1970. The number of employed persons rose by 3 per cent, but the rate of participation declined because of the number of persons in military service and of working-ag- e persons continuing their education. increased by Wages per man-ho10 per cent, after having risen only modestly in the three preceeding years. Additional fringe benefits, however, raised labor costs per man-hoby about 14 per cent. Prices increased sharply in 1970 in contrast to their relative stability in the three preceding years. Consumer prices rose by 10 per cent during 1970, and other prices followed a similar trend. The increase in consumer prices was due mainly to cost factors, particularly the increase in indirect taxes and the removal of subsidies in August 1970, the tax changes in February, higher labor costs, and rising import prices. In 1970 the deficit on the balance of payments current account, excluding unrequited transfers, rose ur 1969. ur Court Upholds Order Against Blockbusting - NEW YORK (UPI) The State Court in Kings County has Supreme upheld an order aimed at curbing blockbusting by real estate brokers operating in the Brooklyn and Queens areas. In a statement released July 29, New York Secretary of State John P. Lomenzo said his order prohibiting solicitation of home sales had been upheld by Supreme Court Justice Pilot Tells How Beatrice M. Judge, who said the order was a proper exercise of Eagles Were Gunned Down A WASHINGTON (UPI) helicopter pilot granted immunity detailed for a Senate subcommittee August 2 the gunning down of more than 500 bald and golden eagles in Wyoming and Colorado during thr of Wyoming granting Vogan immunity, and ordering him to testify. Vogan, 43, of Murray, Utah, testified he worked for the Buffalo Flying Service, Buffalo, Wyo., as a pilot from last September until of this year. He subsequently was hired by Rancher Herman Werners Pinegrove Ranch, 27 miles south of Rawlins, Wyo. It was during these two jobs that Vogan testified he piloted more than 20 persons on expeditions over 13 ranches in the two states to kill the eagles. He said, however, that he personally never killed any eagles. Vogan told McGee that Doyle Vaughan, manager of the Buffalo Flying Service, told each of the shooters '.that he had a permit to shoot the eagles under the predator control program." mid-Februa- ry must allow them to sell more to the United States than they buy from American firms. Carroll said that may be true as regards some of our older trading partners but the Communist world is not in debt to the United States and presents a big potential export market. REPORT Cont from page 1 willing to testify if necessary. Publics unwillingness generally by $340 million to $1,260 million. About $290 million of the increase private consumption to 3 per cent. In addition, a large proportion of J. PAUL, MINN. (UPI) -President Nixon's approaching trip to Mainland China cant accomplish Declared Vacant much for business unless credit barriers against trade with the After Convictions Communist world are torn town, President John Carroll of American A JERSEY CITY (UPI) Hoist & Derrick Company said Superior Court judge has ruled that August 2. Thomas J. Whelan and Thomas M. Carroll has been a member of the Flaherty forfeited their respective National Export Expansion Council posts of mayor and councilman at for eight years. He has traveled in the time of their conviction for ex the Far East and his company tortion and conspiracy and the city makes the kind of machinery heavy council can go ahead and fill the the Communist nations are in need posts. of. Judge A. Alfred Fink ruled He told United Press International specifically on the case of another of excitement over President Nixon's the eight officials convicted in approaching trip to China and the Newark federal court July 5, Berprospects for trade there should be nard Murphy, the city purchasing tempered by the sobering forecast of agent. Commerce Secretary Maurice Stans The Judge rejected Murphys that the United States this year faces contention that the city council the of first its foreign trade prospect should not have removed him until deficit of the 20th century. sentencing and appeals were The argument runs that in order to finished, clearing the way for in- collect interest and payments from and a debtor terim appointments the United States nations, November election. ST. ABUSE CHILD past year. of Congress." Immediately thereafter, Interior Both men testified before the officials said they were Department subcommittee on housing of the data for possible criminal seeking elderly, chaired by Sen. Harrison A. prosecution. Williams Jr., As the pilot, James O. Vogan, was In his opening remarks, Williams testifying before the Senate encriticized the administration for vironmental appropriations subpursuing the interest subsidy committee, Interior agents were program and declining to continue issuing eight search warrants in the FHAs section 202 direct loan Wyoming. housing program. Assistant Interior Secretary Williams said when the governNathaniel P. Reed, characterized ment agrees to underwrite the the shooting operation as a cold, difference between the 1 per cent callous, deliberate defiance of paid by the sponsor and the going federal and state law." market rate, there is good cause for Subcommittee Chairman Gale concern." said he was conMcGee, Opening a series of Senate tacted by Vogan several days ago. hearings, Williams said his sub- McGee has been spearheading a committee would find out why it Senate investigation into the may be possible. . . for builders to poisoning death of 23 eagles near make as much as $350,000 for every Casper, Wyo., earlier this year. costs $1 million in construction Vogan initially took the Fifith under the 236 program. Amendment as todays hearing opened, refusing to testify because the testimony might incriminate himself. McGee then read an order by U.S. District Judge Ewing Kerr Exporter Urges Caution on China Trade Jersey City Posts FRIDAY, AUGUST 6, 1971 D control. Lomenzo signed the order July 8 after holding public hearings into alleged blockbusting activities by real estate brokers and salesmen in Brooklyns Crown Heights and East Flatbush sections and in the Cambria Heights-Laurelto- n area of Queens. Justice Judges decision confirms the authority and responsibility of the Department of State to end the panic, financial loss and destruction of neighborhoods caused by unscrupulous individuals who foment fear and racial bigotry through blockbusting activities, Lomenzo said. to become involved carries over to the reporting process. But the delays in our courts and the snarls of our legal procedures are also somewhat to blame. No physician can be happy about 2 to 3 trips to the courthouse only to cool his heels in the corridor. Physician must accept more willingly his role as one of the communitys protectors as the diagnostician of the courts. Industrialist Heads Hoover Institute Board STANFORD, CALIF. (ACCN) Dean A. Watkins, chairman of the board of the Watkins Johnson Co. of Palo Alto, has been elected chairman of the Board of Overseers of Stanford's Hoover Institution, on War, Revolution and Peace. Watkins, 48, earned his Ph.D. in electrical engineering at Stanford and later served for 10 years on the faculty, first as Universitys associate then full professor, and as associate director of the Stanford Electronics Laboratories. He cofounded Watkins-Johnsothe firm n, he now heads, in 1957. The Hoover board advises on new policies and programs and helps to maintain interest in the Institution. It formerly was known as the Advisory Board. The group held its summer meeting here earlier this week. semi-annu- al Ripon Society Hits Thurmond And Connally CAMBRIDGE, MASS. (UPI) -The Ripon Society believes two of President Nixons southern advisers - and an alleged convention deal on textiles - are hamstringing efforts to set foreign economic policy. The August issue of the Ripon Forum, produced by the in- dependent group of Republican liberals, said Sen. Strom Thurmond, and Secretary of the Treasury John N. Connally are hampering what it called historic" R-S.- Labor Pact new initiatives in foreign economic Wage Increases Continue Climb WASHINGTON policy. -- (ACCN) first-yea- r in- Negotiated wage creases continued to climb upward during the first half of 1971, despite a sharp decrease in the size of construction settlements, according to an analysis of contract settlements by The Bureau of National Affairs, Inc. (BNA), a private Washington publisher of labor information. Accelerating faster than in any corresponding period in the past decade, the median gain in the first six months of 1971 reached 31.5 cents an hour, a full 6.0 cents higher than a year ago. The study, conducted by BNAs Collective Bargaining Negotiations and Contracts service, is based on an analysis of 1,393 settlements, each of which covered 50 workers or more. The median settlement is derived from the 1,187 of these agreements Which specify the amount of increase in manufacturing, manufacturing excluding 281 784 in noncon- struction, and 122 in the construction industry. While construction settlements carried significantly less weight in the overall median this year, with fewer settlements reported and wage gains dropping 24.6 cents to a median of 65.2 cents an hour, the figure for nonmanufacturing excluding construction rose to 39.6 cents an hour, an 11.4 cent jump over the same period last year and the largest jump ever recorded by the CBNC analysis. Manufacturing settlements provided a median gain of 26.0 cents an hour during the same period. The magazine said Nixon's treasury secretary was not versed in international economics and that Thurmond, in exchange for support at the 1968 Republican national convention, was promised support of textile protectionism. The forum praised the President for reshaping the White House foreign policy apparatus to give international economic policy the key role it deserves." It said Secretary of State William Rogers appeal for new trade negotiations displayed the kind of leadership long absent in U.S. Economic policy. These gains, the magazine said, together project a grand design of administration leadership in .a realm of growing importance in world history and are being a commitment to a by jeopardized declining southern industry and to a South Carolina politician whose time has passed. Directly athwart the new Presidential designs stands the deal on textiles made with Strom Thurmond for help at the convention in 1958, the magazine said. And further limiting the Presidents flexibility is the appointment of John Connally, who knows little of international economics and speaks on the idiom of dog-eat-d- old-fashion- ed og mercantilism. The Forum said it was necessary to financially support the efforts of to countries underdeveloped produce textiles. "The commitment to protect the domestic textile market cannot be reconciled with a commitment to give meaningful preferences to Third World imports, it said. |