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Show 6 : Sunday, October.23, 1949 SUNDAY , HERALD . You Build Your Own Credit Rating AN ASSOCIATION tt CltIT SUIIAUS UNCI IMC CONFIDENTIAL INTII.IVIIAU tOftT ACSatA Ma. t 151 J eBjeJewfceJt I MIOtMCI A MR lit' I Mr. at Mr.l . John Q Brthe . 9987 EH 900th St.. floiiant City Utah UUh J. Nwmbar f Mvarad A In il I In nv.tt.fjr.en 4. A Aa III r 21. nlMtl I latijl nl'Kin iWhiM. Slack, . YtlMo, tnt $. A. Mnlt fUtut S NmnWr opndnt . A Nam ! mJovr t Tya bwtnM T. A, H(W tong M nte) t IVnlin wl I A Oct apo'ic rcrrj 8 irty molonwnt ' S Any rn( mplilymnl tHaftfa lit t0lm Nmrtll Any Vj.fv urirwm o lMjfltia HI g'w in fmtl 1 tO l appla w f9nj a f ehef . KtfriH and mOfl It l ppltnt Ijxxjbly rafawtaai by Xwploy II. Any rtp.in a I'fQal arf PX o pfW. I J. A tfrm mepnrnly mWH ' pratant nHorn" t Ctfrmat arrwt tweK M rnlv ifitliimt fc C ttttmjf rncom o' orhM m nmKoM 1 4- Oon hem. rn( or board? A Since 9 VII JBhitJ.AjnlC.ML A, Married. 8 Hf n4 1 .M1rfrn A-, Central Uaouticl Large metal worka Sine May 3. 194L MBX- ' Machine pp?ri.lox It. None None, Tea Yes A. ana- A,.t.3 Owns hen CMDIT MCO"D ! lwll nflud -Hm. virt n mn)twv bar fht.n ccep-l Tr( Lm -1 m. ua I eM I I SH...t I imM I MrtlMtt T,M 4 Sri Annual Motor Co Grocery r inane Co Jewelry Co Appliance Co. Radio Co Dipt Store Furniture Co 196 1945 1939 1934 1936 00 00 30 days 00 00 each 2 weeks 00 00 at agreed 00 00 11 agreed 00 00 aa agreed 00 00 u agreed 00 00 aa agreed 00 ' 00 11 agreed 1937 May, 1949 39.00 charge ac 1940 Oct., 1949 47.32 charge ac 1944 ' Nov. .1948 150.00 $15 month Oct., 1948 69.00 $7 a month Nov., 1947 133.25 113 a month Jan., 1947 151.35 112 a month Teb.,1949 93.34 $10 a month A nr. io a month - Notei 12 account! made prior to 1946 all reported paid out prompt. R MARKS A. Gm b mt4 RMCiwni o4 tubiwf tutton. J.ino ny unutual cendinen. . I Amplify mt meompftm or aWw informattan m nwn abov. Um rtwr d jKs tar full teta.lt. C Inelud estimate el nt worth if positl Ur. Cuatomer moved to Pleasant City, Utah from Joneiboro, Washington in 1931. Data recieved in 1931 ahows he was consistently reported aa repaying obligation! promptly at Joneboro. From 1931 to 1944 he was steadily employed by Utah Production Co as a mechanic and has been steadily employed on his present job. He is buying his home at the above address which is valued at $7,000.00 and has it about half paid for. laaor . Central Bank 121949 t Credit Burea ha. gai of froTp. Utah km aaarma Tk eant air. a m. hj. m m an uutnn ?ii mf. m m wmc. auaraniaa ' Tx inaxiiat. m 'W n M M 1 mirt, aarM ta nai am 1 aamaa aram, nam a m STRICT COMriOSNCI far net HOW CREDIT RATING IS ESTABLISHED Above ii a sample copy of the confidential report kept by credit bureaus based on payment by customers of credit dues. Provo Savings Firm Votes Divided A three per cent dividend to be paid on savings in the Utah Savings and Loan association In Provo on Dec. 31, 1949 was voted by the board of directors at a .recent meeting. New directors ..of the organization organiza-tion elected at the meeting Include; In-clude; Lloyd L, Cullimore, Thomas A. King, Thomas J. Norton, Charles E. Rowan, Jr., D. Spencer Grow, Erwin Sheffield, Spriagville; and Carvel Mitchell, Spanish Fork. The group reported that they have over one and one-half million mil-lion dollars of insured mortgages at the present time. SCOUT PROBLEMS ST. JAMES, Minn. (U.R) jBoy scouts got to jumping up and down in one of their weekly sessions ses-sions In a room upstairs over the public library here. They jumped so hard that a large section of plaster fell from the library ceiling. ceil-ing. The only book damaged was "Problems of Child Delinquency." VOTE FOR VIVIAN W.. HARRISON. FOR CITY COMMISSIONER . HE IS A YOUNG MAN, HOME OWNER AND LIFE- I . : i TIME RESIDENT OF PR0V0 VITALLY INTEREST- s ED IN PROVO'S WELFARE AND PROBLEMS. i i4 UC AMArATCC Fairer Water Rates Public Rest Rooms Better Garbage Disposal Covering of the Fifth West Ditch GoodLow Cost Housing For All Modern Proper Sewage Disposal EFFICIENCY AND ECONOMY IN CITY OPERATION. TO ENDEAVOR TO ELIMINATE WASTE SO PROVO WILL NOT BE SO EXPENSIVE TO LIVE IN. IMMEDIATE ACTION NOT MOTIONS OR RESOLUTIONS ING OPENING OF NINTH SOUTH. REGARD- COOPERATION IN PUBLIC-CONTACT. BRING YOUR CIVIC PROB-LEMSIN. PROB-LEMSIN. LET US WORK THEM OUT TOGETHER. I WON'T ALIBI OR TRY TO FIND AN EXCUSE TO EVADE THEM. IMMEDIATE MEASURES TO ELIMINATE DANGEROUS AND EXCESSIVE EXCES-SIVE BLOCKING OF STREETS BY TRAINS. A RECREATION PROGRAM THAT SHOULD BUILD BETTER, HAPPIER BOYS AND GIRLS AND REDUCE JUVENILE DELINQUENCY TO A MINIMUM. A MODERN FORE-SIGHTED PLAN FOR THE EX P A N S I ON AND GROWTH OF PROVO'S FUTURE. ALL THIS SHOULD BE YOUR HOPE AND PROGRAM TOO VOTE FOR VI VI AM W. HARRISON FOR CITY COMMISSIONER Paid Political Adv. By Harrison for Commissioner Organization Confidential Record Compiled on Basis' Of Credit Payments Have you aver wondered how your credit rating stacks up and what makes it good or bad? Actually, according to Arthur Vignes, manager of the Credit Bureau of Provo, each individual creates his own credit rating by how he pays credit obligations. "The credit bureau does not 'rate' anyone as to his worthiness for credit, contrary to general impression," Mr. Vignes declared "Many Central Utahns call at the bureau office to find out how they are rated only to learn that they have already rated them selves by repaying credit accounts promptly." Keeps Records The credit bureau, he explain ed, simply keeps a record of where the person has accounts and how he has paid them in the past ' "It is a simple matter to bring any individual's credit record rec-ord right up to the minute by a few telephone calls to the firms currently doing a credit business with him," The credit bureau is a 19-year-old cooperative organization sponsored spon-sored by merchants, banks and finance companies to facilitate the exchange of vital credit information. informa-tion. The bureau maintains an extensive ex-tensive file on almost every consumer con-sumer in Utah county. Only member mem-ber business firms have access to this information. Speedy Service People who have always paid their bills satisfactorily often wonder how merchants', banks and finance companies are able to approve their requests for credit so quickly. . The prospec tive creditor simply telephones the credit bureau and obtains a verbal reading of the applicant's credit record. If the record indicates indi-cates no doubt as to the applicant's appli-cant's status the credit is usually granted on the spot. The only delays occur when the applicant's past record indicates the habit of slow repayment and, even then, it is usually a matter of only a few minutes to bring his record up to date. The Credit Bureau of Provo U affiliated with all 1491 credit bu reaus in North America for the purpose of obtaining the credit records of newcomers to the --ff-JilL News of Industry, Markets. Real Estate Business and Finance r in ,iL- Stock Trading Dull In Face Of 2 Strikes NEW YORK, Oct. 22 UJ!) stocks steadied in today's dull abbreviated trading session. Most pivotal issues were practically prac-tically unchanged and the market was completely featureless. There was nothing in the news to bolster the market and traders elected to hold to the sidelines during the weekend pending tome developments in the steel and coal strikes. Unemployment Rises Unemployment continues to rise' as a result of the dual strikes, according to the labor department. depart-ment. The automobile industry is fast losing its fight to keeo De duction going at full blast as steel stocks are being quickly melted down. Railroads are beginning to feel the pinch of the coal shortage. The interstate commerce commis sion ordered a 23 per cent reduction reduc-tion in operation of . coal-passenger locomotives where coal stocks amount to 23 days or less. market, Douglas Aircraft continued con-tinued to be abright spot with a gain of a point to a new high for the year at 72. Curtis-Publishing preferred also moved widely, jumping 3 points to 143 Elsewhere. Superior Oil of California closed at 100. off 1: U. S. Steel 24 Vi, unchanged; Bethlehem Steel 29, up : General Gen-eral Motors 65 lk, up Vt Chrysler 627, off tt; American Telephone 143, off y4; Standard Oil Company, Com-pany, N. J., 71, off : Texas Company 62, up Vg; and General Gen-eral Foods 47, up . Railroad issues were dull and little changed. Santa Fe was 99, off y4; Canadian 13, up ; and Union Pacific 81, up . Utilities were up slightly with Peoples Gas falling to 116 and Commonwealth Edison mov ing up to 28. Other pivotals in the utilities were practically unchanged. f 1 II L v ,! vv county. The specimen report shown here Is rendered to mem-J beds of the credit bureau and illustrates il-lustrates how prompt repayment of credit obligations is recorded. OIL DIGGINGS Shown drilling drill-ing for oil and gas in Strawberry Straw-berry , valley 27 miles frOm Provo is the rig of Ben F. Klip-pel, Klip-pel, contracted by Syndicate Oil and Mineral Co. Company Drills Oil Well Near Provo The Syndicate Oil and Mineral Co., owned by 800 stockholders of Central and Northern Utah, is drilling for oil and gas 27 miles from Provo In Strawberry valley, wasatch county. Ben H. Bullock of Provo, presi dent, said drilling is now at the 100-foot mark. "Interesting re sults" are expected at a shallow depth, Mr. Bullock said. The Car ter Oil Co, drilling south of the Savings Bonds Most Popular Investment, Survey Discloses WASHINGTON, Oct. 22 (UJD Many Americans won't put their money into checking accounts. Too easy a temptation to with draw and spend it . u. s. government livings bonds re the most nopulir investment among American families. Safety ana tne rata of return -2.9 per cent a year on oonds held for tne full io yesrs are the reasons. Mora Americans than aver be Rqwe Takes Over Credit Service At American Fork AMERICAN FORK Lewis M Rowe, American Fork, this week took over the credit ratine bureau of the chamber of commerce. The chamber has been operat ing for some time without the services of a full-time secretary and it was deemed advisable by the officers to place the credit service in the hands of a private individual who in the future will handle the credit transactions and collections-for the business men of north Utah county. The trans action netted the chamber of com merce $230. Electric Stocks Hit New Highs NEW YORK, Oct. 22 (U.R Curb stocks worked Irregularly higher today with Central States Electric stocks again touching new highs for the year. Trading was moderate. Central States Electric seven per cent preferred rose to a new high early in the session and held a gain of about 8 points. Eastern Gas and Fuel six per cent preferred stock rose more than a point, while Long Island Lighting preferred MB" added I'early a point. - fora own automobiles. Fifty-one ' per cent of 50,400,000 American families, or "spending units." own at least one automobile. One out of 17 owns two or mora. Bank Savings Popular These conclusions were reported .: by the federal reserve board yesterday yes-terday on the basis of a survey it took early this year. Next to grvernment savings- bonds, Americans preferred to put : their money into bank savings ccounts. Preference - for the savings bonds over the savings accounts . was expressed because of the low Irate of Interest from the savings accounts. The board said It found 92 favorable fa-vorable comments on savings bonds for every 41 on savings accounts, ac-counts, 18 on checking accounts, 14 on real estate and eight on common stock. "Lack of familiarity'' with common com-mon stock was a common reason offered for not owning such stock. Ownership . of corporate stock varied with the Income levels. Those in the lower backets were less likely to hold assets than those making more money. Only eight per cent of th- families owned corporate stock. The board found that only nine. per cent of the families have an interest In business. As .forthe disinclination to put money into checking accounts, the board, said the findings was "surprising." "sur-prising." Americans frowned on real estate es-tate investment because of high : prices and that buying it' now "one would probably lose money," . the board said. Syndicate holdings, reported oil at the 932-foot depth. Markets At a Glance By UNITED PRESS Stocks steady in dull trading.' Bonds irregular. Curb stocks irregularly higher. Chicago irregular. Cotton easier. , , , Grains in Chicago, wheat corn. oats, rye and boy futures lower. SEE and HEAR LBEN mm JOMNSOlV9 FtREBALL rUN-FOm-ALM. every Thursday on Television MOST people hava a habit of setting their sights on cars of a certain "price level" and making choice on the basil of what they can afford to buy Then, on the seene, came thli stunning beauty and in a few ihort weeks turned a whale of t lot of decisions In a brand-new direction. Why not-folki figured-get really freih style lines and that itout bumper-guard grille that tan take any normal Impact yet won't "lock horns" with care ahead P Why not get good, substantial roadweight and lot more Interior room when they come In a car that's skorttf in bumper-tobumper length for easier parking, garaging and handling in traffic? And why, the shrewd ihoppen asked, take anything less than this straighteight thriller when it wears a price tag that any new-car buyer can reach, and actually costs less than many sixtst Truth is, this spanking-new Buick Special turns a searching light on every car in its price range on many above and below too and looks the better for it every day. Better In its advanced styling and amazing interior roominess and traffic-handy size. And certainly far better in the lift and life of Its vllve-ln-head Pireba(l power the level-going level-going steadiness of its buoyant Buick ride the silken luxury of Dynaflow Drive, optional here at modest extra cost. So why not set your sights on this beauty of a buy and let the facts of hardpan shopping comparison open your eyes to a new opportunity? oppor-tunity? Your Buick dealer will gladly let you sample its sparkling action on the road and give you specMLtv rors the news on how quickly delivery can be made. Go see him and get your name on the dotted line. m TEX-STflMKE! Omit Dmlth MPECIAL ham TtAmCMANDf tut a MOM IOOM 0I Ml MONtY a OVNAAOW OMVf )""' aorf JtT.UHl irriMO NON-LOCKIM IUMtt-OUAX0 OMifS . MOH-MOSUH MISAU irtAMHT-HOHt tNOINl a COl SMNNQINQ All ABOUND (.OW-MISSUM TUttt OH MftTT- act tarns oftiAftt vtsmnirr nut and An la4.0 cjmo LuoaAot uos maor. tgtfM roiouf-rusf omvt mm iMAif M0DOI WITH BODY BY fitHU Kxegfio GEATM VMJX Whrm better mutontoblle are buUt BViCK tttU mmtld them aaawmwTOiMtwfliimtm'i i lf'f't' im- I P. E. ASHTON COMPANY 175 NORTH 1ST WEST PROVO, UTAH PHONE 155 1 |