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Show SUNDAY, MAY 5, 1957 Utah, Count jr. Utah ' .'J'" '" 'I''"" """ r'"' '" SUNDAY HERALD "- "". t "' '" - 't . . , : "" I - j ...tiiii.(-;.iln-- ii'iuj.i I ti. u r-- - . - r- "" .iirwii K I- - - g,.t-- - m,: l i W,'.' i xm i. I. ! ! I I . ' ! i z T"lf II TRENDS Standard and Poor's Stock Price bvK dexes for the week ending May 4 indicate upturn - - j T i prices. Oil issues- set the pace for the past week and - i iiki ", 'J"r -- ! mmmrm inn t: .;-- "'.wei in in- - a few good sessions. 1957 JAM"'" FEB. MAR un n I n " mm I " of I , transaction. The national bank holding firm a'equired 80 per cent of the 25,000 shares outstanding of Union Bank's Stock and, in turn, traded one and shares of its stock for that jf Union Bank. & Eccles, president of First Security, said there .would George be no change in the corporate entity of Union Bank. First Security's earnings for the first quarter of T&57 were equal to 62 cents a share compared with 58 cents a share "for the same period of 1956. An increase also in total resources and 'tiumber of depositors and borrowers were reported by Mr. Eccles. -- Harvey New Manager of Timpanogos Motor 500-sto- ck 500-territo- ry corporations have made their re for the first quarter, the Suez Canal is open and the situation in the Midcu East has returned to something like normal conditions. Hence, it is noted, there is little fuel for a market rise in the offing, barring surprises. Market men look for selectivity break. During the past week net gains issues ranged to neitfiy 11 points in Gulf Oil. Amerse IVz. ada Bath Iron Works was up 6y8 in the shipbuilders, DuPont up nearly 3 in the chemicals", International Paper up 7Vn in its section and Union Ownership of Lehi Shop Changes Hands Carbide up 44 . Ownership and management of the Arctic Circle on State Street Stocks advanced during the in Lehi has been taken over by Mr. and Mrs. Allen Wells, well-kno- month of April but were', lower in Lehians. most groups Mr. and Mrs. Wells have purchased the business from Brent months of 1957.for the first four Mackay, wiio has purchased a new Artie Circle in Holladay. Mr. Industrials in April rose 19.35 Mackay has operated the Lehi shop since it was opened four years hais in for the business three who been points m me low-jonaverages, ago. Mrs. Wells, employed rails emIs who Her gained 1.79 and utilities 1.52 husband, years, will take over the management. points. ployed at Geneva Steel Plant, will assist during his off "hours. angong individual "' . AFit be sure to see our big selection of UAt chaise lounges , American Fork Beautician Opens New Salon Miss Sherma White, Amerc an Fork beautician, has opened her own beauty salon in the Haws Building on Main Street in Lehi. Her "Style-A- rt Beauty Salon" will offer all types of hair styling care. and beauty The shop has been decorated by Martell of Salt Lake City in tones of turquoise .and coral. Miss White is a daughter of Mr. and Mrs. Kenneth White of Highland, and is making her home with her Mr. anct'Mrs. Ramon Dean in American sister and brother-in-laFork. She studied at Darrell and Joseph's Beautician School in Salt Lake City. w; Company Introduces New Premium Gasoline MOSCOW (UP) Eighteen visiting American women broadcasters visited Friday with Soviet Defense Minister Georgi Zhukov and Secretary of the Central Committee of the Communist Party a Furtseva. It was the first time Furtseva, highest ranking Soviet woman, had received foreign press representatives. Kat-erin- , The Texas Company introduced a new premium gasoline in Utah May 1, 1957. C. B. Phoenix, Texaco zone manager of Provo, said the new will higher octane gasoline called "Texaco Sky Chief the company's present premium grade gasoline in specific supplant markets throughout the country. Su-prem- e" U. S. Steel Reports First AMERICAN WOMEN BROADCASTERS IN MOSCOW 18 Quarter Earnings Reporting the earnings of United States Steel Corporation for the first quarter of 1957, Roger M. Blough, chairman, announced that the directors had declared the quarterly dividend of $1.75 per share on the preferred stock, payable May 20, 1957, to stockholders of record at close of business on May 7, 1957, and a dividend of $.75 per share on the common stock, payable June 10, 1957, to stockholders of record at close of business May 10, 1957. Income for the first quarter of 1957 is reported at $115.5 million, or a return of 9.9 per cent on sales of $i,166 5 million. This compares with income of $104.2 millionT or a return of 9.5 per cent on sales of $1,100.5 million, reported for the first quarter of 1956. frames, deluxe . The American Board of Oral Surgery announced this week that Dr. DaCosta Clark, Provo oral surgeon, has been made a Diplomate of this organization. Membership is limited to oral surgeons who have completed prescribed post graduate education in this field and who have passed rigid oral and written examinations. During the past year Dr. Clark also served as president of the Utah State Dental Association. Sen. Watkins " Gas Company Building Ahead of Schedule t 1 v ft i 1 , ...... Construction of Mountain Fuel Supply Company's new office building at 'First South and Second East in Salt Lake City is running well ahead of schedule and should be completed by Dec. 1. L-Work on the aped building was undertaken last Member and is now atjout one-thicomplete, he said. j; four-stor- y, sh rd ,?ips Announces Canadian Oil Discovery Phillips Petroleum Company has made an important new CanaCrown Reservation, 145 miles dian oil discovery on a 69.120-acr- e northwest of Edmonton, klberta. The Kaybob No. 1 well on a two-hc5 drill stem test froni feet, flowed at a daily rate of 2,330 barrels of 43 gravity oil through a small, choke from 45 feet porous reef in the Devonian Cooking Lake formation, according to K. S. Adams, chairman, and Paul Endacott, president of Phillips. ; 1 Is ur ' PROMOTED M. W. (Wally) Wallace, named assistant man- ager of Taylor's, Inc. K ! V double lounge extra wide for double comfort, deluxe cush- ion in your choice of colors in duck or plastic 69.95 special lounge To Dedicate Wanship Dam wmmmmmmimmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmum in town 1 Utah (UP) Sen. Arthur V. Watkins will formally dedicate Wanship Dam May 9 as flood gates will be lowered to start storage of some 60,000 acre feet of water from Weber River. Others attending the cerer, monies will be Wilbur A. U.S. Bureau of Reclamation commissioner; Gov. George D. Clyde; E. O. Larson, regional reclamation director; the Summit County Board of Commissioners; and possibly Sen. Wallace F. Bennett and Rep. William A. Dawson. The dam will be filled to its capacity of 20 billion gallons the first year. Most dams are filled only to 60 or 80 per cent of capacity tht first one or two years. umbrellas (0)95 frame with plastic covers All-alumin- um with plain or floral underside. plastic contour lounge steel chaise lounge 42" S'Xai Q steel umbrella tables AO" 325f inner spring cushions pso others as low as 18.50 22o choice of webbed or fabric WANSHIP, w f St double frame construction with heavy duck pad. Selection of colors. aluminum umbrella tables SA" r 15 95 .. 94 95 44 95 aluminum umbrella tables Dex-heime- Fred Markham Achieves Fellow' Rank web chairs Hi. f j 1 i 1 s i t v ita i i I aluminum frames 8 50 , 29 95 KIJJU gliders -- Highly polished aluminum heavy duck or Fred Lewis Markham, of Provo, 1b one of 48 members of the American Institute of Architects wlxo will be ad-vanced to the rank of Fellow, when the national professional architectural society holds its Centennial Celebration in Washington D.Cv in May. This honor ii bestowed for Mr. Markham's distinguished performance in design and service to the of every four mobiles on the earth are United States. tt.......:... lawn swings also Gay printed stripes with heavy cotton filled pad.... other models to braziers 84.:) 5 hammocks wood folding chairs rliders op to Qr QQ 4,95 from 4.95 tub chairs, 5 different covers from. known Provoan, has been appointed assistant manager of Taylor's, Inc. Mr. Wallace has been with the company for 29 years, serving In various capacities. He started out as display manager. For some time he has been manager and buyer for the ladies department. ; Active in civic and church 4 work, Mr. Wallace formerly was a member of the Provo Lions Club. He has been a member of the Mendelssohn Chorus for, 27 years. He is immediate past superintendent of the Utah Stake Sunday School. Sterling Taylor is president of Taylor's and Jack Hopkins is Three frame, Complete motor, 34.95 and 3-p- lac 64.95 ... witb hood, adjustable grill. 26.50 others from 9.50 to 52.95 wrought iron general manager., T 9,572-9,62- 39.95 best buy M. B. (Wally) Wallace, well-- - cush- tic. ; v If ion in your choice of colors in duck or plas- Taylor's Appoints Wallace To Assistant Manager Post 1 i:P polished a 1 u m i n urn wn es in Utah County -. Oral Surgeon Honored By Profession to continue. None looks for a wide Eugene Harvey has taken over as general manager of the Timpanogos Motor Company at American Fork. Mr. Harvey, formerly general manager of the Alpine Motor Company, is the son of Mr. and Mrs. Leo Harvey of Pleasant Grove. Active in civic and church circles, he has served with the Pleasant Grove Junior Chamber of Commerce and the American Fork Rotary Club and Chamber of Commerce. furniture leisure-livin- g deluxe lounge Jones industrial average stood at 497.54 up 6.04; rail 164.84 off 0.14; ) i3 Jfl mil fil al th t- '". i : and utility 73.67 up 0.68. The Standard & Poor's index finished the week at 46.35, up 0.85 point on the week. and off only 0.32 point from the close on Dec. 31. Brokers said the market behaved very well. It ran into considerable resistance when the industrial average got into and fell back in line with expectations. That was the one big obstacle as the week ended. The market experts said if the S;i:fj: market can go through 500 on volume it is just possible a try will be made to beat the record high of 521.05 set on April 6, 1956. There weren't many who held this opinion, however, with a majority anticipating a lull while the market consolidates its position. First Security Takesr Control of Union Bank Gulf Oil up 11 SALT LAKE CITY fUP) First Secuxiay Corp. has announced it has obtained control of Union Bank and Trust Co. in a SI, 100,000 Just now, it is pointed out the one-eigh- r-- iiiiii good week. Antos were ; Press Financial Editor and lnited tires higher. irregular NEW YORK (UP- )- Oil issues An even 1,400 issues appeared lec the stock market higher dur- on the tape and of these 706 advanced while 531 declined and 163 ing the past week. inin was the held group Buying unchanged. A total of 193 spired by record earnings for sev-.er- made new highs while 85 made of the companies and favor- new lows. Safes Fall able predictions for the future by of execusome the oil company Sales fell below the previous tives. week with the daily average at Steels again moved higher. 2,408,547 shares, against 2,682,546 Chemicals had a good week with in the previous week. At the close Friday, the Dow- several at ne highs. Rails had C. WALZER in :- Oil Issues Lead Stock Mart Higher; Record Earnings Spur Buying Pace By ELMER im w 7 ; f j i urn r3 .( E 3$ creased earnings by several companies spurred increas- l eaItouymg. flJ cnemicais naal a ateeis movea nigner ana11 In- - i 1956 QCC NOV I. ; i " ii mi "r7 -'- for the D 13 "74 3brp ci ' sAitVteK OCT W r' hop at (n) , . -y-r v ; i rrU y J - .....mi ,ii -- h -- rr .. : - . hi , - 1 3 , nr:r.m, ,,uy' .. autolot the 6.95 11.95 loungers campaign chairs. 6.95 bar-b--ue replacement cushions wagons for gliders, lounges, cfub choirs available for lawn swings, umbrellas, tub chairs, yacht chairs etc .,-- j i including hood, . r Qc v . others priced to 72$0 Awning LTU 1767 So. AC ! . I'M ( it ! Shade Co. State 0 REM & 5-15- : 12 i |