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Show sutoay, june Utah 8 30, 1957 County. Utah 'y 'y 6 j ' "!"" r,.H"J.-iII?TIInI- I New Wage Boosts Raise U. S. Steel Employment SUNDAY HERALD ) i' w nP s.'t.'.i'.'&.'t.'.'P.'.l's.f Costs to "I New Manager Takes Over Tony's Floral C? K.J J R. M. Ostergaard, owner and operator of the Orchid Shop in Pleasant Grov. has taken over the management of Tony's Floral at 514 S. State in Or em, it was announced Saturday. Mr. Ostergaard, a veteran in the floral business, plans complete corgeneral service, including floral designing, wedding service, V' Provo Tax Accountant Joins Association Floyd A. Wing,. 347 W. 1100 N., Provo, has passed the required examination and has been accepted into membership as a fellow of the National Association of Tax Accountants. The National Association of Tax Accountants is a nationwide group of qualified tax accountants organized in 1943 for the promotion of their profession and to assure the American taxpayer of a fair deal in the preparation of their tax returns. f illustrated catalog on floating roof tanks is de- .available from Hammond Iron Works. The Hammond catalog scribes In detail various types of floating roof tanks used for storing all types of volatile or corrosive products. Construction features and functional advantages of each type are clearly discussed and illustrated. A copy of the Hammond Floating Roof Catalog (57 FR) can be obtained from the Hammond Iron Works office in Provo. Small Business Firms Increase in U:S. ' i. 1 .k4Ud jtTrr-- CONTROL ROOM OF NEW PLANT The master con- trol room of the Geneva Works nitrogen plant where the process of converting coke oven gas and air into a variety of nitrogen products is directed. Here .mmtMur- - at &tmmrtt ;?--m a im ii J limit n irrrw n - mm- Steel Division plant near Provo, control room operators can record and vise the flow of chemicals from raw material to finished U. S. Steel's Columbia-Genev- a super-complicat- ed 34-d- product. Modern 'Gentiles' Great Friends of State The growth in the number of small business firms is revealed fa an economic study from the National Association of Manu- facturers. The number of firms employing less than 100 creased every decade since 1926, with an increase such firms in the past ten years, the NAM said. Apart from the temporary effects of depression 6 the period, the number of small business pioyment cost for wage employ ea engaged in sieel production to about $3.52 per hour, a record high." Inflationary Pressures Mr. Hood called attention to the inflationary pressures on all other costs that have been accompanying waee increases in recent years. He cited the fact that from 1940 through 1956, U.S. Steel's employe ment costs per employe hour had risen 250 per cent, while purchased goods and svices, taxes and other costs had risen 315 per cent, or even more substantially. Thus U.S. Steel's total costs per employe hour rose 284 per cent over this period. In contrast, the price of In announcing the companion finished steel mill products as developments, Clifford F. Hood, measured by the Bureau of Labor president of U.S. Steel, said: Statistic, increased only 138 per contract signed cent, he said. The difference be"The three-yea- r with the United Steelwork ers of tween this increase in total coss America on August 3, 1956, after and the smaller increase in prices a costly strike, was de- has been absorbed by U.S. Steel signed to provide something better over the years through greater efthan the previous annuaily-reopen-ab- le ficiency of operation, intensive labor agreements with that cost reduction, the expenditure of billions of dollars on modernizaUnion. tion and improvement of our faciliComposite Increase ties, and partly by a decline in the efprofit rate. "The total increases takinr fect will amount to 21 cents per ad- 100 UNSET DIAMONDS hour, including a L MANHATTAN justment of 4 cents per hour to STOLEN YORK NEW More than (UP) take effect at the beginning of the 100 an estiunset diamonds worth 1. or on after first pay period July were stolen mated $100,000 of an increase with Friday This compares a from Manhattan 24 cents per hour following the jeweler's exsaid three-yelabor change police Saturday. signing of the Julius Furst, a jeweler who ocagreement last August 3. Since then, however, there have been cupies a booth at the exchange, other contractual cost increases in- reported the stones were taken in increase of a jeweler's wallet, apparently by cluding a 3 cents per hour, which became ef- a thief no one noticed. fective last January under terms The Bible says Noah built the of the agreement. "The new pay adjustments," Mr. ark of gopherwood, which many Hood continued, "will bring tlfe translators have taken to meaa Corporation's average hourly em- - cypress. all-tim- Hammond Iron Works Offers New Catalog A new 24 page persons has inof some 750,000 High me Increases in wages and benefits that were provided for in its three-yea- r labor agreement reached with the United Steelwork ers of Ameri ica last summer, will take effect beginning Monday, July 1, United States Steel Corporation announces. The increases occurring on that date will raise U.S. Steel's employment costs about six per cent to an high, officials state. An accompanying increase aver aging about four per cent in Us carbon and alloy steel prices was announced by United States Steel This 'increase of $6 per ton will take effect at 12:01 a.m., Monday, July 1. ft dages, gift items, etc. All-Ti- U. S. Steel Leaders Have Concern for People of Utah ay cost-of4ivin- and war during By THERON H. LUKE firms has kept even pace with population growth. For every 1,000 people there For half a century in pioneer in was same true were about 25 of these firms in 1956, and the Utah, a "gentile" meaning any1926, 1936 and 1946, the NAM pointed out. one who was not a Mormon was If the number of small firms continues to grow with the popuwith scorn, anilation, we may expect as many as 5,700,000 such firms by 1976, the usually regarded mosity and even fear. Today, NAM stated. industrialists are provFollowing are the number of small business firms for the period "gentile" the greatest friends the among of the report: 1926, 2,920,000; 1936, 3,039.000; 1946, 3,452,000; 1956, ing ever had, or perhaps state has 4,209,000. ever will have. We couldn't help but dwell on the Gas Company to Open Brigham City Bids comparison at an event we attendFuel Mountain will Supply be Bids Company ed this week in Salt Lake City in opened Monday by in a distribution of natural system for construction Brigham connection with the dedication of gas D. vice was J. announced Roberts, president. Geneva's new nitrogen and chemiThursday by City, it will bid work is an event the In received, begin just cal fertilizer plant a banquet for acceptable of members of the press following a to installation he the in soon order as possible, as said, permit gas mains along Brigham City's Main Street during the time it is preview tour of the plant that day. There, wined and dined on U. S. torn up for reconstruction and resurfacing. Construction of the Brigham City distribution system is a part Steel hospitality, of which there of Mountain Fuel's $3,250,000 expansion program into Brigham City is none whicher, incidentally we and Logan. Bids on other phases of this program are expected to were in a mellow mood for whatr ever speeches might be called in the near future. come our way, a small price to pay for such a congenial evening. Coal Chemical Division Names Western Aid 1926-195- ring to the nitrogen plant) but I assure you not our last important project in your area." Hope For Future Said Bennett S. Chappl Jr., assistant executive vice president of U. S. Steel's commercial division: "We hope this product will draw still other progressive companies with progressive products to this 1 got to his feet he spoke as he usually does to a Utah audience from 'the heart and to old friends for that is the type of man he is. And out of it all came the predominant note of the gathering the fact that U. S. Steel executives are in Utah to make money for their organization, of course, (if they weren't, 4that organization would no longer be here) but equal And when Loren J. Westhaver, to any other motive is a sincere former Geneva head and now concern for the social welfare of executive vice president of the Utah and her people. And along Columbia-Genev- a Steel Division, with that concern is a resolve that area." certainly nothing U. S. Steel ever does here shall detract from it, and that if at all possible, it will improve it. Lest you think this is an impression gained from one congenial evening, let us assure you it is the result of watching and studying top U. S. Steel officials in Utah ever since they came here 15 years ago. The event of the past week merely served to point it up once more. have the "gentiles" Truly, changed. g ar cost-of-livi- Of ng SE T after-dinne- Sincere Concern Dr. Roy C. Lipps, an authority on soil fertility, has been appointed market development representative for United States Steel r But through the usual and assigned to the western sales offices of the U. S. Steel Coal one of fact speeches, pattern Chemical Sales Division in Salt Lake City, it was announced today to to us assert about itself began by R. C. Myers, director of market development. the routine procedures the very obvious sincerity of the most imMFS Chief Announces 2 New Appointments portant men in the nation's in Appointment of B. W. Croft, Rock Springs, Wyo., as manager of dustry who were speaking, and the Mountain Fuel Supply Company's producing division at Rock very obvious concern they felt for Springs, and Richard M. Ball, Salt Lake City, as supervisor of the the welfare and general benefit of title and lease records department, were announced Saturday by Utah and her citizens, in addition to the commercial enterprise they W. T. Nightingale, president. Mr. Croft succeeds the late D. K. Bow en and Mr. BaU succeeds represented. It is a concept which industrialthe late diaries F. Cramer. ists of bygone years lacked in all too many cases but it is someKennecott Copper Receives Safety Award thing which the people of U. S. The National Safety Council's Award of Merit was officially Steel and Geneva have shown they to representatives of Kennecott' s open-p- it copper mine this possess, and have possessed here wefc as a result of the operation's excellent safety rcord. from the beginning. The official plaque was presented by L. F. Pett, general manager Said Robert Tyson, chairman of the Utah Copper Division to V. S. Barlow, superintendent of mines the finance committee for U. S. a foreman's safety meeting in the Gemmell Club. Steel: "This is our newest (refer- similar award was presented to the Magna Mill on June 13. Jfcnployes of the Magna Mill worked 1,122,339 man-houbetween November 5, 1956 and April 11, 1957 without a disabling injury. after-dinne- pre-pent- ed An Exciting f Exc mm Acts E ui Of 't rs Watkins Backs Fryingpan Bill New Mexico Man Sentenced A monoid Sen. (UP) a Arthur V. Watkins ColBAUT LAKE OETY (UP) A Ghristenson also dismissed W major booster for the Upper Mew Mexico investment broker counts of a orado River Project, took time complaint accused of bilking two Utah resThursday to swing his support befiled Hunt a originally against by idents was banded a suspended hind another giant reclamation Irtwo year federal prison sentence Brigham City doctor and a Salt plan the Fryingpan-Arkansa- s WASHINGTON (R-Uta- mi FireworEts h), TICKETS ON SALE THROUGH 13-co- unt Friday. Alfred F. Hunt, TO, Albuquerque, pecefaed th sentence from Judge Sherman Christenson, U. S. District Court of Utah. Ohristen-o- n placed the defendant on three year probation. Hunt was charged with using interstate oornmimications to defraud investors with phony oil and fa lease. Lake man. In other court actions Kenneth Lee Winnett, 23, Portland, Ore., was given three years probation by Judge Willis W. Bitter after pleading guilty to interstate transportation of forged money orders. Winnett's wife, Shirley, Jointly accused in the complaint, also pleaded guilty and was placed on probation for one year. ALL LDS WARDS rigation project. whih Watkins said "should not meet with any substantial objection from our good friends in the Midwest and East," (passed the Senate on a voice vote. The Utah Republican said water from the project would convert arid farmland into "stable agricultural units" and help semi-ari- d ' The-proj- ect, ADULTS CHILDREN5-1- $1.50 STUDENTS WITH ACTIVITY CARDS 75c 1 . v $1.00 kti sections of Colorado. 1 t m BE SURE TO ATTEND THE FREE HOW MUCH SHOULD YOU INVEST? pATrMTrDe Per Cent Investor Can Have His Cake and Eat ItToo-A-nd Sleep Nights! 70-3- 0 The average or normal level of By ELMER C. WALZER United Press Financial Editor this index is 100. The high or sellNEW YORK (UP) The ing level is 130. The buying level investment report to- is 70. Wiesenberger what J.P. recalls Morgan said The index at present is below day who was carrying so the levels that in the past have to his friend many stocks "I can't sleep constituted evidence of an impendnights." ing sizable recession in stock " Said Morgan: "Sell them down prices. It has fluctuated in a narto the sleeping point." row range for nearly two years. That, of course, brings up the The firm finds only one factor question of where is the sleeping bearing on the stock market that point. How much should one be is truly bearish, and that is the invested? The Wiesenberger report says one should be zero invested at bull market highs, 100 per cent invested at market lows like those of July, 1932 and April, 1942, and 70 per cent invested at the present time. The report notes three factors contributing to and tending to establish the level of stock prices the economic, monetary and psychological The firm has plotted graphs of all three of these and one involving the group which it calls the empathy index, the first three letters . standing for economic, monetary ' and psychological. monetary factor. The practical consideration for the investor from an examination of the empathy index is that he can find justification for an equity position in the facts that the market is not drastically overvalued and that the business situation does not yet appear vulnerable to a major decline, says the Wiesen- - FURNITURE f at night" I TUESDAY, July 2 30, 7:30 P.M. BYU FIELDH0USE Children's Parade, 7 p.m. WEDNESDAY, July 3 Children's Field Day WEDNESDAY, July 3 Square Dance Festival, 8:30 p.m., Rainbow Gardens, Free! 3:30-- 5 Pioneer Park a.m., Mammoth Parade. Line of March: Twelfth North and University Avenue, south to Center Street, then west to Fourth West. THURSDAY, July J 4-- 10 THURSDAY, July A 8:45 p.m. Show Events start at 8:15) Gigantic panorama Show, 7 BYU Stadium. Pre- - r Ivan Sorenscn Owner, Registered Pharmacist 4th West Pharmacy YOUR NEIGHBORHOOD PHARMACY ' FR,EE DELIVERY Prescriptions & FR 3-45- ' Yv CARNIVAL AND BAZAAR AT PIONEER PARK THROUGHOUT DURATION OF CELEBRATION 402 West Center FREE ESTIMATES Repairing - RefinlsUnf DTR Co. ffONUKSfHnr oerger pamphlet. Noting that some reserve position is justified the letter notes: "The 70 per cent SO per cent investor can thus in a very real sense, have his cake and eat it too, and like Morgan's friend, sleep well JUNE tii.mmn.UHmfMi ill,IHlMW X Drug Sundry Needs for all the family . . . X I t A Wr- - he fi 98 1 mt W mm itii 'ill v m 73 |