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Show Sale of U.S. Bonds Continues to Rise July purchases of U.S. Savings Bonds by Utah residents continued con-tinued the upward trend noted during recent months, Frederick Freder-ick P. Champ, state bonds chairman chair-man said this week when announcing an-nouncing sales totals. "Utah's sales of E-H bonds of $1,670,682 topped July 1961 sales and brought the January-July January-July total close to the $11.5 million mil-lion dark, almost equal to last year's 7-month total which was a thre-year high," Mr. Champ said. Savings bonds purchases reported re-ported in July for Salt Lake County were $659,970, bringing the 7-months totals to $4,655,-721, $4,655,-721, according to treasury figures fig-ures just released to County Bonds Chairman D. Howe Moffat. "Increased sales in some areas of our state can undoubtedly be ascribed to the continuing effects of the Freedom Bond Drive," Mr. Champ continued, "and to the record number of payroll savings campaigns conducted among Utah employee groups. According to reports reaching our state office, so far this year 7,585 new bond buyers have en- rolled in the payroll savings plans where they work. "Purchases of the current-income Series H bonds are also continuing at a good rate. Many investors favor these bonds because be-cause they pay a good return which is fully guaranteed for the 10-year life of the bond, payable pay-able by government check each six months. The increase in annual an-nual purchase limits to $20,000 effective this year makes them even more attractive to organizations organi-zations and institutions looking for a sound, safe, guaranteed investment in-vestment for part of their surplus sur-plus funds," the chairman stated. |
