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Show CfrbeBaillfierhlJl Sunday, January!?, Page 1974 Business News best bet for blasting space vehicles into orbit. Storage Tank The storage of hydrogen in cryogenic tanks requires the reduction of the gas to $422.9 degrees Fahrenheit to reach a state of liquification. The super Insulated tank is designed to retain the temperature of the hydrogen at that level. But according to Mr. Billings, the key to the practical use of Roger Billings, youthful of developer and president Energy Research Corporation of Prow, said recently that he had received an increase of inquiries about his project since making the announcement of a in significant breakthrough storing hydrogen. Since the ninth grade, Mr. Billings has been involved with developing an hydrogen fuel system for automobiles. He said that the recent addition of the cryogenic tank for liquid hydrogen has brought the project within reach of a practical system for general use in automobiles. as hydrogen fuel a for automobiles is still ahead. In speaking of the hours of research yet to be undertaken, the young inventor exudes confidence. Referring to the beginning of the project when he was in the he said its history ninth grade has been one of solving a single problem at a time. The cryogenic tank was developed as a biproduct of space research. At one time hydrogen was considered the Greatest Problem Six months ago he would have said that storage was the greatest problem to solve. Today he says that reducing the weight of the storage system is the greatest problem. The key is to not have to use liquid hydrogen, which requires a modest amount of training to handle properly. This means moving to a gas storage system and that in turn means a metal hydride tank.. This type of tank involves filling a container with metal and pumping the hydrogen into it under pressure. But it is here the weight becomes a real factor. At present a tank required for an average American car to travel 250 miles would weigh 1000 pounds. With his inquiries, Mr. Billings still deals with the venture as a scientist. His plan is worked out, both for the short as well as long ranges. Auto Firms Cut Employment As Gas Crisis Affects Sales car plants of GM's 22 U.S. involve the slow-sellin- g By EDWARD S.LECHTZIN UPI Auto Writer DETROIT (UPI) Reacting swiftly to a sales drop of 39 per cent so far this month, General Motors Corp. has said 75,000 workers would be idled for short periods at big car assembly plants in February and March. The giant cuto company plans to produce 705,000 fewer cars than it built during the record first quarter of 1973 when 3,525,000 cars rolled off assembly lines. The new layoffs were in addition to some 38,000 workers already permanently trimmed from GM's hourly payroll. GM Chairman Richard C. Gerstenberg said the new cutbacks were the result of continued uncertainty over the availability of gasoline and the belief that big cars are not economical, The cutbacks at 14 - big cars. "Many people, unfortunately, believe that significant fuel economies cannot be achieved e with cars," Gerstenberg said. "This is not the case. We have repeated demonstrations that, driven and maine tained properly, cars can provide good gasoline mileage as well as the space, the safety and convenience typical American family wants. "For many people, the comfort e and convenience of a car will remain an overriding full-siz- full-siz- full-siz- consideration, although ,""'"'-.'."""'- Mixed Trading Marks Week's End Exchange -moderate Volume totaled closed lead over declines. Stocks - NEW YORK (UPI) in mixed gas mileage has taken on new importance," the GM chairman said. Besides the 38,000 workers at GM already laid off indefinitely, more "are anticipated at component and parts plants," a trading Friday on the New York 15,000,000 Stock Exchange. Investors seemed to concentrate on the lack of developments in the Middle East rather than moves by major banks to lower their prime lending rates. Some analysts had said they thought moves by the Bank of America and First National City Bank of New York, the two largest in the nation, to lower their prime rates to 9Vi per cent from 9 per cent would spark some buying enthusiasm. Just before the close, the Dow Jones industrial average was off 2.07 at 861.01. Standard & Poor's index was down 0.11 at 96.71. Advances held a narrow 15,980,000 around shares, compared with traded Thursday. Prices were slightly higher in moderate trading on the American Stock Exchange. American Motors was one of the most active issues and generally higher during the day. A spokesman said the automaker has had discussions with General Motors about the sale of engines to GM in the future. No commitments have been made, however. Some oil and energy stocks continued to show strength. MounHalliburton, Natomas, tain Fuel Supply and Mobil Oil were gainers most of the day. Mobil increased its dividend and declared an extra one. er k Second Largest Bank in Nation Reduces Prime Interest Rate - NEW YORK (UPI) The First National City Bank,- the nation's second largest, announced Friday a reduction of one quarter of a point to 9.5 per cent in its prime interest rate. The new rate will be effective - Monday. The Mellon Bank of Pittsburgh announced minutes later tnat it was doing the same. The action of the two big banks followed by one day the effective cut to 9.5 per cent in the prime rate charged by the Morgan Guaranty Trust Co. Morgan Guaranty announced its decision Wednesday, the first major break from the prevailing rate of 9.75 per cent. The prime rate is the interest banks charge their biggest and best borrowers, and it sets a tone for business activity throughout the nation. It represents the cost of money in the borrowing market. AFE4 MIE. Dealerships available The" transfer of one member of the Daily Herald's advertising staff to another paper in the Scripp's League, has brought about the internal transfer of another member of the local staff and the return of a former UPI Auto Writer The Ford DETROIT (UPI) Motor Co. has said it was laying off 7,400 temporarily workers and cutting another 1,500 from the payroll because of slumping new car sales. The new layoffs, including those announced by General Motors Thursday, left more than U.S. auto workers 62,000 permanently trimmed from auto plant payrolls. GM said it also was idling 75,000 workers for short periods at big car assembly plants in February and March because of a 39 per cent drop in sales in the first 20 days of January. Ford said 3,200 workers will be idled for one week and 4,200 workers for two weeks. Ford of Canada also will lay off 3,500 employes at the Oakviile, Ont., assembly plant for one week starting Feb. 4. The temporary Ford layoffs will include 3,400 at Mahwah, N.J., the weeks of Jan. 28 and Feb. 11; 825 at the Dearborn, Mich., frame plant the week of Jan. 28; 2,200 at the Los Angeles assembly plant the week of Feb. 4; and 800 at the Lima, Ohio, engine plant for two weeks starting Feb. 11. Indefinite layoffs include 150 at the Nashville, Tenn., class plant; 300 at the Buffalo, N.Y., stamping plant; and 600 at the Livonia, Mich., transmission plant. All are effective Jan. 28. Ford sales in the first 20 days of January were off 22.8 per cent while the industry suffered a 29.2 per cent drop from the same 20 days in 1973. Most of the decline came in the big car range with small cars accounting for 56.5 per cent of total U.S. sales. - ti pull r - Ox 3 SNIP! Shelby R. Seem III who has been an account executive on the Herald's display advertising team since 1970, has accepted a similar position on the staff of the Coos Bay World, in Coos Bay, Ore. Mr. Seem's desk will be occupied by Kent Rhodes who has been working in the classified with this handy scissor! a folding scissor made of surgical stainless handles. It is a handy little Item steel with chrome-plate- d with hundreds of uses. Men and women are being sought to be dealers and distributor for SCC T SNIP. For more information about "cut" yourself in on profits... clip and mail the and how coupon or phone (801) 277-758- wMLfelLfe JJ TO: SAFE-T-SNI- I I - oaii lbhv Clip & Mail Today! . P.O. BOX 17185 11 -- L. 1.. tuwn 1 o M0IIDAY STEAK O includes mini loaf, drink & salad. STEAK includes mini leaf, drink & salad. Z'P- - WEDNESDAY salad. Oly. . Phon. . Slate . .' V Jerry Holmes Jerry Holmes, returns to the Herald after spending a couple of years as classified advertising 1 1 A manager in Ogden. He said he decided to return to Utah Valley because he liked the life style here much better than in our Northern neighbor. Mr. Holmes is a native of Roseburg, Ore. He took some college courses as a serviceman in Stuttgart, Germany. Later he graduated from the Howard. Perrish School of Classified Advertising in Florida. He .began his career in Roseburg 14 years ago. In 196$ he joined the Daily Herald staff for the first time. Just two years ago he left to take the Ogden position and now returns. i KENT RHODES JERRY HOLMES edition won an award for the school. In 1970, he graduated and immediately joined the Herald's advertising department. Through the years he lias been theater, musicals, and work with the BYU Program Bureau and its motivating force, Janie Thompson. involved with Kent Rhodes Mr. Rhodes moves into the opening created by Mr. Seem's transfer with several years of experience in advertising sales. various community activities and has assisted in designing sets for the annual homecoming "Frolics" over the past five years. He will be moving into the operation of a paper that was recently brought into the Scripps League of newspapers in order to beef up that paper's sales force. Mr. Seem indicated he was sorry to leave the area, but felt he needed to gain the experience of working on another paper. He will particularly miss the three children, who probably brought about the interest in scouting. The United States buys nearly half the global supply of coffee. More than a billion dollars a year is spent to provide each U.S. resident wiO) an average cf 750 cups of Java. participating. Mr. Lund opened his business about a year ago with an office in the Executive building. He decided to move to the new store at 20 N. University Ave. several weeks ago in order to get better exposure and to provide his customers with a 1966. He is the son of a former Provo Ready to Erupt? - Newest and Highest Legal Bank Interest more convenient location. Mr. Lund has been in the optical business for some 17 years. He joined Vista Optical from prior to graduating Eri .am Young University in Volcanoes in MOSCOW (UPI) the Soviet Far East may be getting ready to erupt, scientists said today. They told the Tass news agency that temperatures in the craters and gas ejections on the slopes of the volcanoes have been increasing over the past three years. The volcanoes are located on the Kamchatka peninsula and the Kurile islands. Scientists said there already have been some small eruptions ofthe Kurile volcanoes. rL 1 ' r-O- " I tit 1 i V Ct I f zzzzz: i NO. STATE 0 THURSDAY varan includes mini leaf, drink, & salad. $ 1 29 51C9 " f Vt. :; nif - i 7 J n C' inni"" '" 1 H on 4 year certificates cf $1,000 orwore (earn over 33C on every ddbryou save to maturity) -- FRIDAY includes mini leaf, drink & salad. Goldtn flomi Ctrtltictttt 2Vi-- 4 yirf S1.0O0 minimum ,39 SIRLOIN RIBS over NOODLES served with Ranch House Teasf, drink & salad. 1" 5; 5Vi 6 STUFFED FLOUNDER Go!Cn Bonus CtMtlcatH years Goldn Bonn Pntbook tnd Cerfmcem $500 minimum on til sevings progreme. (Interest com pounded ouerterly Fiw AN is tm omboot rm. Insured to saving 120.000-Mem- cumutt pnt mm ragutotam promw ptyiwti el M mammy unMM wtm moMrt of W imimt MrtMt imounl MMM and tmn OB t ' Oiem State Bank 185 So. State, Orem - Under the time & AcgvW yr' $500 minimum -l temp, sign Doing the things good neighbors do ber .' a Provoan, he and were active in the scouting program. He and his wife MHyce are the parents of. As He joined the Daily Herald staff two years ago this March. His assignment then was to service large accounts in the and resident businessman, An official ribbon cutting was classified department. Prior to held recently to mark the William Guy Lund, who owned 20 Motel for that he was an advertising and Lund's relocation of Bill Lund Optical operated into a store along University years. The facility is now the representative for the Orem Geneva Times. Ave. in Provo. Safari Motel. He began his career as a radio The ceremony was conducted Bill Lund is married to the advertising salesman for a Provo by the Chamber of Commerce former Vickie Burgon. They are station. with city and county officials the Mr. Rhodes is a native of parents of two daughters. activities on campus such as the participating and well wishers SATURDAY served with garlic bread, drink & Address M i . Lund Optical Relocates Onto University Ave. 29 ITALIAN SPAGHETTI wiiy, . t advertising SAFE-T-SNI- P j . MERCHANTS LUHU'EON SPECIAL Jan. 28 thru Teb. 2 LUNCHEON Is SAFE-T-SNI- P - department. 373-306- TUESDAY in on profits i- PR0V0, UTAH ,29 "Cut" yourself f salesman. 1460 dm They both advocated development of a system of computerized freight car classification and control that is compatible all the way across the country. Adams said he saw no objection to using federal funds to at public expense. American railway roadbeds subsidize the design of such a often are inferior to European system because it not only would roadbeds even though they are result in fuel economies but expected to support heavier would help solve freight car rolling stock. shortages and speed up traffic Both Collins and Adams said generally. Fork, where he attended and graduated from American Fork High School. He later graduated from Brigham Young University in advertising. Mr. Rhodes recently married Chris Moffat of Mesa, Ariz. They make their home in Orem. Ford Motor Cuts By EDWARD S. LECHTZIN fuel.' American The post left vacant by Mr. Rhodes will be filled with the return of Jerry Holmes, who has SHELBY R. SEEM III of GM spokesman said. Altogether, beer the classified manager Standard - Examiner attended the some 60,000 U.S. auto workers the Ogden University of 1971. California. He transferred to have been trimmed from auto since Brigham Young University after plant payrolls since the slump Shelby Seem Mr. Seem is a native of a year and became involved with began in late fall. Berkeley, Calif, where he first designing the 1970 Banyon, which TMICKEN-FRIE- TWIST c maintenance savings and great- - there are many practices in the present transportation system that don't make sense, hauling fruit and vegetables across the country to market by truck instead of by rail, for example, "It costs 70 per cent more in er utilization of locomotives over a longer span. Collins said that, as petroleum becomes more expensive and the demand for it expands, it will become feasible to electrify more of the rail system so it can use any basic fuel that becomes available as well c coal. While electrifying the lines, Collins said, roadbeds on the mainlines should be improved, even if this has to be done partly Changes Reported on Herald Ad Staff 11:00 a.m. to 5:00 p.m. only - ling lines, the U.S. Postal toll Service, state highway his opinion. Rep. Brock Adams, a House expert on departments and ocean ship- transportation, recently told the fifth national transportation ping lines. The steam engine began to forum in Washington that he disappear from American rail- would introduce legislation to today. ways before World War II and LiauguraU a study of a proposal was gone by 1960, replaced by the to electrify the nation's railroad will "The railroads ultimately and the direct-diiv- e system so coal could be used as have to go back to burning coal, diesel. The disappearance the basic fuel. but they wont use it to make was so complete that when an steam. They will use it to did not However, Adams English millionaire brought the generate electricity, and the famous steam locomotive Flying advocate immediate electrificanation will have to electrify its Scot to the United States for a tion of all the nation's railways. He said he had been told that only rail system at a cost of many tour a few years ago he had to billions," said David Jarrett, make elaborate arrangements to about 22.000 miles of trunklines president of Computer IdenUcs, get water and coal delivered to had a sufficient traffic density to the expense new. The cost Inc., of Westwood, Mass. the engine on the way. All the justify of these 22.000 miles electrifying coal chutes on Collins' firm designs comput- water towers and could run to $3 billion, but he said had erized container and vehicle American railways electrification would produce identification and control sys- vanished. not in is Collins substantial equipment tems for the railroads, truck unsupported The oil NEW YORK (UPI) crisis may doom the diesel locomotive to extinction nearly as fast ias it killed the old "steam hog," an expert in computerized control said transportation diesel-electri- Recent Announcement Spurs Interest in Firm By JERRY M. YOUNG Herald Business Editor iese Locomotives May Be Doomed - 35 Ptttbock String Account, FWC) |
