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Show Page 8b The Enterprise Review, June 2, 1976 Gibbons & Reed Co. Dissolves in Corporate Restructuring John P. Gibbons has ies of the newly formed parent announced the restructuring firm. Gibbons Co. of the former Gibbons and Gibbons, who was recReed Co., a Salt d ently elected to the board of construction company of directors of Christensen, Inc., which he was president. said the restructuring had Gibbons said the stock in nothing to do with his new Gibbons and Reed Co. was position. Gibbons also becomes exchanged for stock in Gibbons Co., of which he is now chairman of the construction president. subsidiary, Gibbons and The construction comReed. His son, P.M. Gibbons, pany, as well as the other becomes president. divisions of the former comW.A. Gibbons, another have become subsidiar son, becomes president of pany Gibbons Realty Co. and Construction Properties Inc. W. A. Ruemmel, former chief engineer of Gibbons and Reed, Co. becomes president of Dexon Inc., a subsidiary involved in design and construction work. Lake-base- E.M. Carter, former vice president of Gibbons and Reed Co., becomes president of Pavement Planning Co., a subsidiary which handles non-constructi- related on matters. Albertson s Notes Higher Sales, Earnings Albertsons a 17 10 13-we- ek Inc. announced sales increase and a earnings increase for the quarter ending May 1. 1976. Sales for the quarter were $336,971,497 compared with $288,271,413 for the period in 1975. Earnings for the period were $3,690,995 compared with $3,343,113 a year ago. Because of the dilution caused by the new shares sold n January, earnings per share declined from 52 cents to 49 cents. Average shares and equivalents outstanding during the quarter 13-we- totaled 7,549,923 as compared to 6,378,942 during the same period last year. Valley Bank Gets Approval ek for Branch W.S. Brimhall, commis- sioner of the Utah Dept of Financial Institutions, has approved the application of Valley Bank and Trust Co., 2510 S. State St., to establish a branch office in the vicinity of 2100 East 1300 South. Option Market News by IT'nrren M. Ket chain , Vh.l). Prince. Ijingheinricli & Greer For the past two weeks, the stock market has been in a down trend, dropping some 50 points on the Dow. As one would expect, most options have dropped sharply. Bear spreads recommended about a month ago in this column have been very profitable. Since there may be an interim rally soon, you may want to nail down some of these profits. I would enter into new bear spreads only on strong market rallies. Refrain from entering new long positions until the market corrects further.' One of the few bright spots for long option holders has been the golds. Several ASA and Homestake options have doubled in less than a week. There is speculation now that the 780,000 ounces of gold, to be sold by the International Monetary Fund on June 2, will be entirely absorbed by large investors and central bankers. If this proves true, gold shares should continue to push smartly ahead. OUR KNOWS IN YOUR BUSINESS! We know how to get your sales prospects every week for new profitable leads. Try the newspaper that knows your needs. DntqukouniaIn COMMERuAl pECORd 952 West 1 500 South Salt LakeCity , Utah 84 1 08 Telephone 484-449- 5 1 INTERMOUNTAIN COMMERCIAL RECORD 1952 West 1500 South Phone: 4844495 Gentlemen: Please send a sample copy ol the INTERMOUNTAIN COMMERCIAL RECORD. Firm Name l I I Your Name The Salt Lake Area Chamber of Commerce! .Title Address City Date. .State. ...To see that 25,000 youngsters get first-han- d exposure to careers in the community each year? ...To answer more than 1,600 inquiries each month seeking statistical, economic and tourist information about Salt Lake? ...For spearheading downtown improvements which include the First South and Main Street beautification projects? ...For arousing public opinions on such issues as Common Situs Picketing, Clean Air Act Amendment, metrication, crime prevention, e housing, energy and water resources? ...For hosting and the Salt Lake visit of The Freedom Train, Russian Cosmonauts, Sister Cities Program with Matsumoto officials, business and Washington" .dialogues, communication and sales management seminars? ...For uniting the entire state through cooperative programs in economic development, local chambers of commerce and community development? low-incom- r FREE SAMPLE ORDER Salt LakeCity, Utah 84104 WHOS RESPONSIBLE? -- (Alone and in conjunction with other civic organizations) Shouldnt you be a part of this d organization? Zip action-oriente- Phone ER75 Salt Lake Area Chamber of Commerce 19 East 2nd So. 1 364-363- |