OCR Text |
Show High Standard Provo Capita Spending Tops U. S. Average (Special To The Herald) TfNfEW YORK. Dec. 3 How much . does the average Provo ! resident spend each year? Where efeea he spend it and for what? Answers to these questions, contained in the current . copyrighted copy-righted sales management survey, sur-vey, point to a higher standard 1 living in Provo than in most of the cities of the nation. Expenditures in the local re-ttfl re-ttfl stores totaled $33,871,000 in Itf48. This is equivalent to spend-rg spend-rg t the rate of $1,200 per person per-son as compared with the United States average , of $891. In the Mountain States, per .capital pending was $1,040 and, in Utah. f3 ; -Food purchaser, principal in-, tfex of living standards, were $3,-086,000 $3,-086,000 in Provo, amounting to $180 per person. Out of each dollar dol-lar spent locally, 15 cents went f8r food; Provo residents were able to Indulge more amply in food because be-cause of the larger incomes received re-ceived by them. Their average earnings, determined by dividing their total net income of $40,-213,000 $40,-213,000 by the population, came W $1,426 per person last year, comparing favorably with the $1,-289 $1,-289 national income per tapita. An examination of other significant signi-ficant business factors bears out the indication that Provo is a duality market. Local sales of general merchandise reached $6,-202,000, $6,-202,000, taking 18 cents of each retail dollar spent. Drug store "sales amounted to $816,000, or two cents per dollar spent. Sales of furniture, household equipment and radios were $2,233,000, accounting ac-counting for another six cents. 10 Sunday, December 4, 1949 SUNDAY HERALD WW VnrteD STATES OFAMtRICA ona m r pcua mev.' m-mrmri- A M i j A JFMAMJJASOND JFMAMJJAS ON i F M 1947 194$ W9 BILLIONS IN BONDS At the end of August, 1949, the American people held $54,700,000,000 in United States Savings Bonds of Series E, F and G. The chart above, based on data from the National Industrial In-dustrial Conference Board, shows how total bonds outstanding rose Steadily from 447,200,000,000 at the start of 1947, in spite of heavy cashing-in of bonds. Salt Lake Stock Exchange Closing quotations from the direct wire of Ken-Lo Corporation. Cor-poration. 265 W. 1st N. : Bid Asked Big Hill ........ 08 .09 Bullion ....... . -04 05 Cardiff 15 .18 Chief Con. ..... 100 1.10 Clayton Silver .. .32 .35 Colb. Rezall ... .20 .21 Combined Metals -20 .22 Crea. Eagle Oil . . .07 ',i ..08 East Standard .. .03 V4 .04 East Utah 4.. .14' 16 Eureka Bullion . .05 .07 Eureka Lilly Con. .12 .14 Great Western .. .04 .07 Horn Silver 10 .14 Indian Queen ... .01 .01 Madison Mines . . .12 .14 Miller Hill .... .02 .05 Mt. States Dev. .. .04 ' .06 New Park 1.15 1.25 North Lilly 18 .25 No. Standard ... .04 .07 Ohio Copper . .06 .06 Park City Con. . . .29 .29 Royston CoaL . . .04 V .05 Silver King CoaL 2.60 3.00 Silver Shield ... .02 .02 Tar Baby 04 .05 Tintic Lead . :ll .14 Tintic Standard . .67 .70 West Toledo 05 .05 Y TODAY'S SALES Clayton Silver, 250 at 32. Con. Eureka, 1000 at 5. -Crescent Eagle, 1000 at 7. Eureka Lilly, 100 at 12; 50 at 11; 1000 at 13. Grand Deposit 1000 at 3. Leonora, 500 at 6. Ohio Copper, 1500 at 6. Royston Coal., 5000 at 4. Magnolia Lead, 333 at, 3. West Toledo, 1000 at 5. E2S lignite f. s ' 2223 Sab-Bituminous , ? f I X I Aariuocit V WEST VIRGINIA! .28.3 " 22.3 waMMMBf::::: Pennsylvania; KENTUCKY lunoisI OHIO J News of Industry. Markets. Real Estate Busmess and Finance n 1 Stock Market Prices Reach 3-Year Highs NEW YORK. Dec. S U. Prices rose to further new three- year highs on the New York stock exchange Saturday with ' gains, ranging to more than a point in, the most active Saturday trading session of the year. All sections of the list took part in the brisk rise with the industrial indus-trial stock average moving into further high ground since August, 1946. Railroad issues, which sparked the recent advance in the market, rose to -their best levels since last February. Utilities are also at their highs since August, 1946. Saturday's advance e o u p 1 e d with the rise in the past two sessions ses-sions has added around $1,500,-000,000 $1,500,-000,000 in market valuations to the list. Market experts attributed the rise to the recent turn of events in the coal industry. Investors are of the belief that the nation is now free of all major strike - threats and as a result, American industry will operate at high-gear for some time to come. The 'market opened with a rush of buy orders with a number of large blocks appearing on the tape. Leading the upswing from the opening bell were automotive stocks which were active. General Gen-eral Motors led the advance, improving im-proving fractionally in active dealing. Provo Building For 10 Months Tops $2,171,845 , Building permits in the total valuation of $2,171,845 have been, issued by the city engineer's , office so far this year, according to City Engineer. En-gineer. Earl Conder. The total includes $352,815 valuation of permits issued during November. No-vember. Biggest item in the November Novem-ber report includes permit for construction of a two-stake two-stake recreation hall and gymnasium gym-nasium in the amount of $250,000. Also listed in the November report are: 15 new residences, totaling $82,500; 10 remodeled residences, $10,-.765; $10,-.765; eight new garages, $4,-250; $4,-250; two, new business buildings, build-ings, $3,400; three new miscellaneous mis-cellaneous buildings, $1,600; five permit applications submitted sub-mitted to board of adjustment. adjust-ment. Total 1949 permits issued to Dec. 1 include 449 permits with 39 f these being Issued in November. IT UNS IN FAMILY GREENFIELD, Mass. . 01. P.) There's one topic of conversation in Raymond G. Perry's family that everyone is an expert on. It's railroad telegraphy. Perry and his four sons are telegraphers on the Boston & Maine Railroad and Mrs. Perry is a former Western Union operator. A. F. Building Totals $21,600 WHERE THE COAL COMES FROM The map above, based on data from the U. S. Geological Survey and the Bituminous Coal Institute, spots all the known coal reserves of the United States. ' The five leading states' in bituminous coal production are sketched, with their, percentage .of the total U. S. production in 1948. These five accounted for over 80 per cent of the total coal mined last year. Park LDS Ward to Erect 2nd Home As Project to Hike Cha pel Building Fund Park LDS ward has secured a permit to build a second dwelling as part of a long-range benefit project. Proceeds from sale of the home will go into the ward building fund. The permit in the amount of $6,000 was issued at the request of Bishop Gregory Austin. The home will be located at 1160 Elm avenue. The first home was built three years ago, according to Bishop Austin, with most of the labor donated and much of the cash cost. The permit with others issued brings to a total of $26,400 the valuation of this week's permits. Last week's permits totaled only $4,075. Permits issued this week, in addition to the Park ward permit, included: J. A. Gregory, dwelling, 1460 W. 14th N., $4,000; L. W. Paulson, garage, 1250 W. 5th N $400; George M. McClmtock, two dwellings, Grandview, $10,000; Silas Sorenson, garage, 931 W. and .N.. $800; Henry Conk, 1400 W. 5th N"., home addition, $200; Harold Thatcher, 440 W. Center, remodel business building, $1,000. ly attacked the federal government's govern-ment's housing program for 1950, warning that government housing is the first step on the road to Socialism. Lockwood pointed to the English who he claimed are tangled in a mesh of government controls without individual liberty liber-ty to build. He claimed that in three years private industry has "smashed the greatest housing shortage this nation has ever known," and added that the government-wants to step in at this late date with a program that will cost the taxpayers tax-payers plenty. And Lockwood warned that federal housing will increase both labor and material costs. SAMARITAN LOSES OUT NILES, Mich. flJ.R) Harold Giedemann dashed into the street 'to snatch a kitten out of the way i . t t i i i : it.. 1 ui d car. nt lauueu in uic nus-pital nus-pital with two broken legs and other injuries. Cost Of Homes To Rise, Warns Building Man SALT. LAKE CITY, Dec. 3 (U.R) Home buyers of the future were warned Saturday that the cost of homes will rise steadily higher during the next 10 years. The prediction was made by Rodney. M. Lockwood, Detroit, president of the national associa tion of home builders, who is in Silt Lake City -to address a meeting meet-ing of the Utah home builders to-dfcr. to-dfcr. t Lockwood predicted that although al-though the upward price movement move-ment may be slow, he said it wjpuld be( steady. He said only a recession' or depression would temporarily, halt ; the upward ptce trend. jThe buildlers' president strong- A CHRISTMAS CAROL Every Day Of The Year A beautiful trained canary to delight the entire family A large selection to choose from Each bird guaranteed to sing Complete instructions for care Special reduced prices A small deposit will hold until Xmas Make Your Selection Now! CARPENTER SEED COMPANY 76 North Univ. Ave. Phone 192 AMERICAN FORK November building activity in American Fork exceeded the previous two-month two-month period. The report issued for the month by Building Inspector In-spector Glenn A. Wright showed a total of $21,600 in estimated building .costs. Building the past month has been confined mainly to homes and garages. Permits were issued $300; Russell Thompson, 33 E. 1st N move In garage and construct porch, $400; Fred Barratt, 261 N 4th E., frame dwelling, $6,000; Barratt Builders & Supply, 35 N. Barratt ave., frame storage shed with metal sides, $2,000; Ira J, Taylor, 570 N. .1st E., concrete block garage, $600; Byron J, Whipple, 170 and 180 S., 4th E., two frame dwellings, $10,000; Ernest F. Evans, 290 S., 3rd E., to Dellis Wall. 320 W. Washing-concrete block garage, $800; total, ton ave., addition to dwelling, 121,600 Orem Continues As the Center Of Residential Building Boom OREM Orem's home building boom which has chalked up an unprecedented record in new home construction during the past year continued through No vember with 12 permits issued for remodeling and construction jobs. The total, for November's home building as authorized by Ed Wickman, building Inspector, is $51,800. There were permits issued for 11 new buildings in the garages. barns and coops classification that totaled $8,300. The commercial building slump continued with no authorized construction in that bracket. The total bettered the October record by $2,000 and nearly doubled the figure for November last year. The November total brought tne amount of new building tnis year to $1,158,950, compared to $1,571,850 for all 12 months last year. However last year's building build-ing program included the construction con-struction of the new Geneva elementary ele-mentary school costing $383,000 and a $100,000 addition to the Lincoln high school, while this year the major portion of building build-ing has been for residences. Permits for new homes, and additions went to Wayne Lunce-ford, Lunce-ford, 275 JS. State, 'remodel resi dence, $500; D. V. Kendall, 75 S. 12th W. remodel residence moved in, $1,500; Thomas Wolsey, 1633 S. Main, residence, $6,000; Oliver C. Kolin, 875 S. Carterville road, addition to residence, $600; Grant R. Rowley, 1015 S. 5th E., residence, $9,500; Barker Shurtz, 286 E. 4th S- addition to resi dence, $1,200; Melvin Heatn. i.6 E. 8th S., addition to residence, $1,500; Marvin Stratton, 785 N. 6th E., residence, $10,000; Stanley A. Haughton, 846 E. 4th N.. resi dence, $7,000; Thomas Kitchen, 235 E. 8th S., addition, $500; Ray F. Kohler, 872 N. 350 E. residence, resi-dence, $4,500; Jensen Bros. 766 E 8th S., residence, $9,000. Permits in the garages, barns and coops division were issued to Reed Hacking, 44 Christeele Acres, garage, $400; William Blackett, 21 Christeele Acres, garage, $500; V. D. Graff, . 146 E. 12th S., garage to be used for temporary living quarters, $1,- 200; Orin D. Bigelow, 979 S. State, garage, $600; Vern Wil liams, 16th W. 12th N.. machine shed, $1,500; Lorin Millet, 913 S. 450 E. garage, $900; Kenneth Wilkinson, Wil-kinson, 456 N. 4th E., garage, $100; Albert Wilkinson, 234 S. 8th w., garage. $500; Burton Ivie. 343 W. 4th N., garage, $400; O. W. Call, 775 S. 8th E., garage, $1,500; Estner Fawkes, 392 W, 12th N. garage, $700 making a total of $8,300. Government Reports Optimistic Trend In Building Activity ' WASHINGTON. Dec. t .6J.B The government issued an optU misuc report loaay on construe tion activity an important barometer baro-meter of the nation's economic health. A joint estimate by the labor ' and commerce department said new buildings begun last month were valued at $1,744,000,000, down 8 per cent from the October total but 6 per cent higher than November, 1948. The report said the "general firmness" of the industry so late in the building season was "one of the strong points in the national na-tional economy last month." NON-HUNTER CASHES IN TRAVERSE CITY, Mich. (U.R) A seven-pound duck fell at the foot of Charles Gee as he entered the post office. Gee stepped over the duck, went into the building and bought a duck hunting license. li-cense. Then he picked up the bird and went home. 3 n HZ) (& A $10.00 deposit will hold CT A Piano For Christmas! i:ja r I Bvring J949 preferred fnsc& users over tJhe next two m&&e& com&iried m Wm hi:, if I c MOTORS O MOTORS I SHANE ELECTRIC CO. PHONE 1694 140 NORTH 2nd WEST PROVO, UTAH LET US REPAIR OR REWIND YOUR MOTORS . FURNACE MOTORS WATER PUMP MOTORS STOKER MOTORS BLOWER MOTORS SUMP PUPMS MOTORS O MOTORS .1 L n wm Wm mm 0 ' 4 4 I. A jmKMTCi: -DESIGN TRUCKS ' This overwhelming preference stems from just one fact: 9'X a ewrolef trucks give more Jitr tAe money 1949 wuUs ba$9d on incompltf but conctutiw nationwide registration flgurts. P. E. ASHTON COMPANY Iff NORTH 1ST WEST PROVO, UTAH PHONE 155 i V f' 4. |