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Show Stocks Break to New Lows On Large Volume of Sales . 9 By ELMER C. WALZER United Press Financial Editor NEW YORK (UP) Stocks broke to new lows since March 21, 1955, the during the past week on endweek largest volume since the ing Sept. 30, 1955. The break was a wide one in all sections and would have been much wider had not a sharp rally occurred in the afternoon trading on Friday in response to a report success- that a missile had been launched fully by the United States. That sent the aircraft roaring and helped restore most of a big loss in other sections of the market. But the market closed slightly Wwer on Friday and was down sharply on the week. The whole week was one of aver- heavy selling and the daily age volume, , boosted by 4,460,000 shares on Friday, amounting to 3,115,142 shares. Specialists' books were wiped dean, and new buy orders came in in sufficient quantity to absorb all the. selling. This demonstration of buying strength bolstered sentiment to the point where several market experts predicted a substantial rally for next week. Report Foreign Selling Bui none looked for a long upturn. Many believed there might soon be another test of the lows, before a sufficiently strong base were formed to sustain a big rally. Reports in Wall Street said that the government of Great Britain was a big seller of American securities, particularly oils and metals, two groups bard hit during the week. These reports could not be OCTOBER 13, 1957 Utah County Utah HERALD SUNDAY . SUNDAY, 8 Stock Market Yesterday's Close: Bristol Silver Bullion Monarch Cardiff Central Standard Chief Con Clayton Silver Combined Metals Comstock Cons Eureka k . . Croff East Standard . Drajron LL. .05 Va .05 19 .18la .40 .38 .06 .92 .05 .07 95 06 ',a 2 Va Naildrivet New Park . North Lily North Standard . . . . Park Konold Park City Con Prosper Silver King West ... Silver Shield So.- - Standard Swansea Con Tar Baby Tintic Standard . . . . Utah Wyoming .... West Toledo Williston Zuma ....... Berg to Expand Newly - Acquired Orem Mortuary .04 a i .01 .02 Va .09 .031 .17 .01 .15 .10 .16 .49 .60 .06 .15 .03 SALES The first phase of extensive remodeling and expansion plans for the new Berg Mortuary of Orem is nearly completed, according to Max W. Berg, man- ager. The new institution, brought about through the combining of facilities and forces of the Funeral Ho me of the Orem and Berg Mortuary ot at 486 N. State located Provo, is Quist-Fairban- ks Bonanza Oil. C.000 &t, 5. Central Std. 1.000 at 3. Comb. Met. 1.000 at 5. Comwlth Ld, 15.000 at 2Y. Comstock. 1.000 at 19. Cons Eureka.' 10.000 at 40. Croff Oil. 3.000 at 6. Dragon . 200 at 95. 2.000 East Standard, 4.000 at at 6. Grand Dep. 5,000 at l,i. Gt Western. 1.000 at 5. New Park, 500 at 75. Royston Coal. 6.000 at 4. SI Standard. 11.000 at 2,4. Tintic Std, 100 at 50. Trans Union. 4.000 at 3,a. Williston. 100 at 14 i; 2,000 at 15; at 3.000 s ' off 7.49, a new low 21, 1955. '2 .05 V2 .15 .06 .75 .39 ck Drop Widely Felt Higher priced shares recorded wide losses. The highest priced of .12 them all Superior Oil of Califor.04 .07 fell 180 points. Mahoning nia .20 Coal Railroad was down 374; .05 .10 Rohm & Haas 39, International .03 'a Business Machines 19Vfc; Gulf Oil .25 .02 IZVi and Amerada 10. .09 A long list lost 6 to 8 points, .80 .41 including Du Pont, Young seown .01 V & Tube, Armco Steel, Bath Sheet .03 .10 Iron Works, Clark Equipment, M "on Cities Service, Haveg Industries, .4 .01 a Magma Copper, National Lead, .16 .14 Seaboard Oil, Newmont Mining, .18 and Corning Glass. .50 .62 i Ford was hammered down 3 .07 points and Chrysler lost 2Va. U.S. .16 .03 American Steel was down & Ohio and Baltimore 2, Telephone .04 .01 Dow-Jone- since March .10 .06 .03 .20 500-sto- 150.67, FURNISHED BY J. A. HOGLi AND COMPANY Member of New York Stock Exchange East Utah EXCHANGE Asked Eureka BullionCon .. . Bid Eureka. Lilly 7.50 $7 25 Eureka Standard . . . .15 .14 Gt. Western .27 .20 Kennebec .70 :65 .03 .02 i Majestic Oil Mammoth 32 .25 Mtn. States Dev. ... .22 23 confirmed. It was noted that the market met support at just about the same level it did on Oct. 11, 1955, a short time after the break on the Eisenhower heart attack. The week's loss in paper' value of aH listed issues amounted to That brought the $8,695,000,000. decline since July 15, the day the index Standard & Poor's set its high, to $38,493,000,000. Actual losses in dollars were a mere fraction of that on the basis of volume traded. industrial averThe week at 441.16, off the closed age 20.54 points. That was the widest loss for any week since May 25, 1956, when the Street was worried about tight money, lower copper prices, and talks of cutbacks in steel and some other lines. The average at 441.16 was the lowest closing figure since Oct. 11, 1955. The railroad average closed at 116.47 off 9.19 and a new low since Sept. 30, 1954; utility 65.00, off 1.69, and a new low since Oct. 1, 1956; and the general average was at 15 Ta. 2, 4.Martin Co. ran up 8 points net and gains of 3 to more than 4 were made by such issues as General Dynamics, Freeport Sulphur, North American Aviation, and General Tire. Bethlehem led in turnover with 250,200 shares. Jersey Standard, with 215,400 shares, was second; and General Dynamics on 215,000 was third. New Market Opens on Canyon Rood S The new Chuck Wagon Market on 1401 North Canyon Road has opened its doors lot business today in the remodeled building of the former ClufFs Market. Owners of the new store are Don r and Carl Borup natives of Idaho. Carl Borup, who has been in the grocery business for the past 20 years will operate the Provo market, while Don Borup will return to Boise and manage the grocery store there, which is also owned by the two brothers. Carl Borup, whose daughter is presently attending the Brigham Young University will make his home here with his family in the near future. The Borup brothers are sons of Phillip Borup a native of Goshen, Utah. 1 . . - i - V 5 Promotions Announced at Geneva Works - Five rf VT I, V if" promotions at Geneva Works have been announced by officials of U. S. Steel's Columbia-Geneva Steel Division milL The appointments of Earl M. 'C Frizzell Jr. and Myron R. Kid-nto the position of senior industrial engineer were announced by G. W. Schaumburg, works industrial engineer. At the sam time Richard H. Forsyth was promoted to supervisor specifications, and James T. Thompson was appointed spectroscopist at the steel plant, according to W. C. Dyer, works metallurgist. Fred Lees has been named turn foreman boiler, welder and rigger shop by W. W. Riter, division superintendent maintenance and utilities. Mr. Frizzell, a native of Lot at Geneva Angeles, Works in 1953 as a junior industrial engineer and in 1954 was promoted to industrial engineer. Mr. Kidner was born in Rapid City, S. D., and started at Geneva Works in 1953 as a student engineer in the open hearth and foundry division.. He was transferred to the industrial engineering department in 1955 as ah industrial engineer. He and his wife, Betty, and their son, David, live in Orem. Mr. Forsyth, a native of Provo, started at Geneva in 1947 in the metallurgical, chemical and inspection division. In 1953 he was promoted to specification ana-lis- t, a position he held at the time of his present appointment. Mr. Thompson was born in Salt Lake City and attended the University of Utah. Starting at Geneva Works in 1955 as an analyst in the metallurigal, chemical and inspection division, he was promoted in June, 1956, to the position of cbemist, the position he held until, his present appointment. He and his wife, and their four children live in Orem. Mr. Liees, born in Provo, has been employed at Geneva Works in the maintenance and utilities division since 1947. He and his wife, Mildred, and their three sons live at 1070 North 400 West 'in Provo. er it a r , r 1 - ATTENTIVE AUDIENCE Herald staff photo shows part of audience at sales traininp; school conducted by Provo Employment Security Office in cooperation with Retail Merchants Council. Al Grosjean, one of speakers, is shown sitting at left on front row. Job Seekers Complete Sales Training sales training school conducted by the Provo Employment Security office in cooperation with the Provo Retail Merchants Council was successfully conducted this week. NEPHI Ralph's Market, a The attendance reached a high grocery that has been in business for years, has enlarged the store, point of 62 on the second evening. atbuying the Whitmore building ad- The enthusiasm of the people was The high. bajority joining it, formerly occupied by tending of the people attending were inthe J. C. Penney Co. He has taken out walls, making experienced sales people who were a large and grocery l seeking employment. store. Paul Lloyd, distributive educaRalph Chase, the owner says he tion teacher at the Provo High hopes to offer the largest possible School presented the group with variety of merchandise in an at- an over-a- ll picture of selling and of concleanliness and mosphere stressed the need for a good atgeniality. titude toward and understanding of the customer. HARRIMAN HITS FAUBUS The second evening, Keith NEW YORK (UP) Gov. Ave-re- ll Mitchell, main floor manager for Harrimaji predicts coinage of J. C. Penney Company, discussed the word "Faubus." Harriman, a the topics of personal attitude, reDemocrat, said the word will be sponsibility to employer and cusadded to dictionaries to describe tomer satisfaction. Dalian jClark who has degrad- centered his presentation to the "an office-holded the responsibilities of his of- group around the four topical: Cafice, and who has demagogically reers in selling, upkeep of disaroused the prejudices of the peo- plays, methods of speeding up ple for his own personal advan- sales, and handling customer's tage." Harriman offered his pre- complaints. diction and definition while chargAl merchandising Grosjean, ing that Arkansas Gov. Orval E. of Sears, Roebuck and manager Faubus, also a Democrat, was Company, was the first speaker primarily to blame for the Little of the third evening. He gavie the Rock school Integration crisis. A four-eveni- ng Nephi Grocer Enlarges Store group some interesting information on suggestive selling and techniques. The speaker for the second hour was Mack Budge, assistant manager of Sears. A film was used to show the proper methods of operating a cash register. On the final evening of the course, Cecil Zimmerman, sales- . 2 RECEIVE 20 - YEAR SEARS PINS up-to-d- ate er Two n well-know- Provo busi- nessmen were honored Friday by their employer for long time service. H. J. Heisch, manager of Sears Provo store presented M. S. Budge and Al Grosjean with 20 year pins signifying 20 years of employment with Sears. Mr. Budge is operations manager and Mr. Grosjean is merchandising manager of the Provo store. Both men started with the Sears organization in Logan, Utah. man for Shrivers Men's Store, gave demonstrations on wrapping merchandise and writing sales tickets and'refunds. He also gave the group some interesting comments on personal appearance. The final speaker was Charles Monson, supervisor at Provo Employment Security Office. He gave a summary of the course and discussed the proper methods of applying for a job. Arrangements have been made for those in the group who are seeking work to register at the Employment Security office. Upon requests from the Provo merchants for sales people, these men and women will be tested, screened and referred for sales work. NEW STAMP ANNOUNCED WASHINGTON (UP) The Post Office Department will issue a commemorative stamp in connection with religious freedom in the United States. The three - cent stamp will go on sale at the Flushing, N.Y., post office Dec. 27 the 300th anniversary of the signing of the Flushing Remonstrance. The remonstrance was a protest Hgned by Flushing citizens against a new law put into The first presidential election In effect by Gov. Peter Stuyvesant the U. S. was held in February violating principles of religious of 1789. fredom. " started j A. L. DUCKETT SALES & St. "We believe that the Berg Mortuary of Orem, having as it does the heritage of two reliable firms with years of experience, wili provide for the Orem area fine funeral facilities and services, Mr. Berg said. Expansion plans call for an enlarged chapel, new family rooms, additional parking and ' general refurnishing of the entire mortuary. The staff of the new mortuary includes experienced morticians, on duty 24 hours a day, lady attendants, funeral counselors and musical directors. The Berg Mortuary of Orem is a member of - the National Selected Morticians, the Utah State Funeral Directors Association, the National Funeral. Directors " for an C Carle Speaker For Class In Advertising v 7 - j -Skippies Super 1 PRICE (5)5)5 zy to mark the spot Trhere bulges used to be! -- Funeral Directors. BARGAIN LOW, MIY Strategy, and the Associated Association AT THIS ;v Wiffi Trade $ ; Easy Terms! Up to 18 mo. to pay 4 FILTER WILL NOT CLOGI No messy traps to clean, no clogged filters to impede water flowl FILTER! Slips on and off top of 1 1 v EASY-TO-REMO- VE orm j Wayne M. Carle, journalism instructor at Brigham Young University, will be the speaker in the third discussion on "Advertising activator easily and quickly! distributes detergent evenly through wash no clothes discoloring lumpsl MOVING FILTER and Public Relations' to be held at 7:30 p.m. Thursday in Room 209 McKay Building. The series is sponsored by the Special Courses division of the BYU Extension Services. Subsequent class dates and speakers are: Oct. 24, Heber G. Wolsey, vice president, Gillhan Advertising Agency, Salt Lake City; Oct. 31, Kenneth J. Pace, president, Pace Advertising Agency; Nov. 7, John D. Burnett, BYU Public Relations Office; Nov. 14, Robert Halliday, manager, Provo Chamber of Commerce; Nov. 21 Edwin Butter-wortdirector of press relations, mm . NO SPECIAL WIRING NECESSARY f You can plur it in just like your toaster. This new General Electric Dryer can be operated on lt lt circuit. or either a EXTRAS, FOR YOUR CONVENIENCE The full width door swings to the side and out of the way. It's easy to clean, durabje and porcelain Dryer top is counter height ideal for folding; clothes. ONLY h, lO tO) fQj (O) BYU. Potato Market (UP) CHICAGO Total arrivals 482, ADJUSTABLE track 224? Supply moderate, demand light, market steady. Track sales (100s) US 1A: Idaho Russets US extra 1 car 3.80. Street sales (100s) US 1A: Idabakers ho Russets Idaho utility five 10s in master containers Onions supply moderate, demand light, market for Spanish weaker, others about steady. 4.00-4.3- 5; BUDGET DRYER - A - DAY GET YOUR OFFICIAL ENTRY BLANK 2.65-2.7- 5. wry-bill- Theee s no mystecv dboct tie wy control front mod hack in comfort? These d pkeb-finepanels smooth a fiat front wmfing B Kne, grve a slimmed back Saw. While flatten ap and doom, light nyion net Pantie controls aH aroond. And "vper-Skippie-s' No. 861 is completely bono-fre- e wear hoar for easy L WU. QMT ML. Gwfie He. 96 Let avaflabk ACM) I be yom ngn of a 7.28 v X-pao- m MO -- it J.I Each entry must be signed by an appliance dealer. Send your entry blank to: Dryer Contest, The Inter-mountain Electrical Association, up Annex Bidg. bait Lake City. ' I - ' - ' I "Saper-Sfcippiea- X-pane- Clear those pimples in two weeks with H&M odorless "and skin color ointment or your "druggist will refund your money. Don't hesitate get H&M today and be clear in two weeks or less. Sold oo a written money back guar- antee. H&M LABORATORIES AT A. L DUCKETT SALES & SERVICE! PAY ONLY ed PIMPLES CONTEST PRICED ! 4.25-4.7- 5; 3.50-3.7- 5; The plover of New Zealand is the only bird with a bill that is bent sideways. CONTROL Temperature control dial allows yo'u to seiecl Irying times according to fabric requirements. votatoes: 92, 230-vo- 115-vo- fe v A' V0-:- - 0 A SI Sp-Skippe- 0 L 0 a o. g a v. i c o a2 3rd SOUTH AND UNIVERSITY AVE. . ' r TOa.32At38C $3 Provo -- FR 3-80- 50 266 WEST MAIN STREET Phono 980 American Fork I J |