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Show Stocks Within 3 Points X)f Recoi High of Aug. 3 By ELMER C. WALZER UPI Financial Editor NEW YORK The stock (UPD market during the past week came within less than three points of its record high set on Aug. 3. That was on Tuesday, when blue chip issues led industrials to a of 675.39, high closing up 9.72 SUNDAY HERALD 10 v 3 i . II . points, the best level since Aug. 4 and the widest gain for that group since Nov. 27, 1957. The record industrial high was set Aug. 3, this year at 67.10. Rails that day rose 1.89 points to 154.90, best level since Oct. 29. It was the widest' rise for that group in three weeks, I. The market had been rising mod-? SUOTADS13 i ii . . 1 1 pppfP 50 iTi'il'i'iliViIiVf i'I'i'iI' 1200 1959 SBA Jobs 17,001,394 shares, a of 3,400,278 shares. daily average In the previ ous week the sales totaled 18,033,375 shares for a daily aver age of 3,606,675. A year ago, the total was 19,094,914 shares, or a daily average of 3,818,982 shares. When the final count was taken Jor the week. the averages showed modest advances.' The in v director of the Small Business Administration reports that 41 prime government contracts, to set-asi- de Member-Stockholde- rs ; v Plans New Office Building - i CPA Firm Deserei Federal to Mark Dote at Monday Open House 670.50 Keith T. Borup has become a full partner in the firm of Gardner and Hawkins, Certified Public Accountants, it was announced ' ; Saturday. He; joined the firm in January 1954 and has served as a senior auditor. He became a certified public accountant last May, passing the CPA exam given by the American Institute of Accountants. He is a member of the Utah Associa- tion of CPA's. Mr. Borup Mr. Borup was BYU from in 1954. He graduated nd his wife Gladys and three children reside in Provo. He is a member of the Utah Association of Certified Public Accountants' committee on municipal accounting. Glen A. Gardner and Richard E. Hawkins are the two original partners in the firm. Good News Deseret Federal Savings & Loan pointed out that J'in the past ten news, bteel operations set an all at 160 North University Avenue years Deseret Federal has assisttime record high. Automobile out- in Provo will mark its 10th year ed many hundreds of Uah County put rose sharply. Electricity out- of operation in this community families to achieve their goal of put came close to a record. Re Monday with an open house cele home ownership." As for their future plans in tail trade rose and well above a bration from 9 a.m. to 8 p.m. On Dec. 13, 1949, after more Provo and! Utah County, Mr. year ago. Bituminous coal output was up sharply. than 20 years of mortgage lending Hardy revealed that the firm will On Monday better demand was in Utah County, Deseret Federal begin construction on a completeA dividend of 5Ya per cent has issue of 3,000 shares to be offered noted for the oils and" rails which Savings and Loan Association in ly new and modern office buildbeen authorized by the board of for public subscription after Jan. The "summer White House" of for a not Is limited long time had been behind Salt Lake City was granted ing early in the spring directors of the Provo Building 1, 1960. Subscription President Theodore Roosevelt was Society on all savings accounts to stockholders or borrowers, ac- the market. But the market authority by the Federal Home This new building will be located at Sagamore Hill, Oyster .Bay. and stock to be credited, as of cording to Rex Reynolds, secre- lacked strong leadership-thaday. Loan Bank Board to open a at First North and University N. Y. & Electric Musical . Instruments branch office in Provo at 43 N. Avenue. Dec. 31, according to J. Elmer tary of the Society. Series 46 shares will be matur was the most active - stock and University Ave. with two em Jacobsen, president of the ' , ed about April 1, 1960, the total one had to go down the list a long ployees. Steady growth in savings Society, a mutual company. and loan volume 'necessitated a This is the highest dividend amount paid out,, amount svay before finding a blue chip On when the in February, 1955 to larger move A Tuesday big gain paid! to the members on their ing to $150,000. The Society has were" blue the s. in location. came, at ths their chips present quarters savings, since the 1930's. Last over 1,200 lead General L. Electric, Emersbn Westingmost the secretary cent. of was them 5 Hardy, in the dividend Orem, Provo, per year house, Du Pont, and branch manager of the asThe directors also authorized an Springville area. Allied Chemical, Eastman Kodak, sociation, reports that In the past and Union Carbide. Rails that fiye years, the assets of the Provo day had their eighth straight rise branch have increased substanSecretary Mitchell suggested aid tially and are now over 10 times of a third party in. the steel dis the assets held when the office pute which jwas turned down. was first established. The staff It was a good week for business of-19- t one-fourt- -- Make It I Trip Expense-Pai- d Mrs. Sam Conk and children, Steven and LouAnn, have returned from a short vacation to Denver, Colo., as guests of the sponsors of a recent Sweepstakes contest. They attended the Christmas parade in downtown Denver. They,, toured the city and made a tour lot interesting scenic areas nearby. Swanson-Pros-pect- or Transistor Radio Special 7s VANbUAKD bTAR JET TRANSITOR RADIO 6 $95 includes: Set. Leather Earphone Carrying: Case. In Beautiful Gift Box. ; 1 ' i - U.S. Rock Wool Sales Co. TOP OF THE HILL IN OREM -- , Provoans Back From 1 60 e only 10.8 per cent of all persons employed in the ounty wert working in manufacturing industries. By 1959, however, this figure had jumped to 27.8 per cent. Since 1950 the actual number of persons employed in manufacturing hat increased 40 ptr cent to 8700 jobs." full-tim- f Provo Building and Loan Declares New Dividend to-b- Utah County's growth from an agricultural to a manufacturing economy is featured in an article by Connie P. Faulkner in the December bulletin, "Utah Economic and Business Review", published' by the University of Utah's Economic and Business Research Bureau. "Nineteen years ago agriculture e provMtd jobs for over h of the workers in the county," .says the article. "Today its relative importance has declined to 9.3 per cent. However; it is important to note that the actual number of agricultural workers has remained about the same during the two decades." Manufacturing, on the other hand, has shown a phenomenal growth, notes the article. "In 1940 . - ' ', Partner in i ; . up 6.50 points from the previous week; railroad 153.65 up 0.92 ; utility S7.08 up 0.33; and 65 stocks 217.31 up 1.73. nel from Johnson Real Estate made an aerial survey of the northern part of Utah County to give them a different perspective , on the real estate possibilities and suburban developments of the went to small taling $472,737, firms during October as a result area. ; The, group viewed subdivisions of the agency's joint construction and new areas under program. The contracts went to small forplanned subdivisions by the firms in' Colorado, New Mexico, company. The pilot was Leo Ferre, staff Utah and Wyoming. member. Representatives from From July through October, Orem! and American contracts Payson, 1959, 218 government were included in the valued at $4,068,410 have been Fork offices ' warded to small firms. project. . Utah County's Economy Is Subject of Article Borup New Gales people and office person- Harold R. Smethills, regional erately on . Monday j50 that the two-da-y gain was a sizable one. Then it fell again on Monday. rallied slightly on . Thursday and resumed the ' decline on Friday. Trading fell off for the week to dustrial closed at . Realty Firm In Aerial Survey Firms Get Along Wall Street1 More Memorable Christmas With member-stockholder- Dow-Chrysle- r, Springville Woman Retires After 52 Years in Business ' Mrs. Mattie SPRINGVILLE n R. Crandall,' Springville businesswoman, will .retire from business life this week after a career of 52 years. well-know- WVy;j..UJIIllillIJilULiUIUIilllUlliaiillllJIIWUIMMJJl..Ullll..lllJIII m v.. F 4$ r. Mrs. Crandall began working in 1907 in the G. S. Wood Mer cantile store in which her 'father, Alex Robertson, was a stockhold er. She has worked almost con tinuously in business since then. In 1934 Mrs. Crandall and her husband, the late W, B. Crandall, went into business for themselves aC the present location on Main Street.. The building is owned by T. E. Child. Mr. Crandall died in 1947, and Mrs. Crandall con tinued to. operate the dry goods ' L store. In looking back over the years, Mrs. Crandall recalls that her work at the Woods; store included buying and selling such items as coaloil, horseshoe nails, grain, coal, food, clothing and piece Peanuts, oa&neal, c o O ki e s, crackers and other items were sold in open barrels. Many times produce such as butter; and eggs were bartered for merchandise. Prominent in church work, Mrs. Crandall has taught Sunday School for 45 years. She reports that she would like to teach the rest of her grandchildren before she leaves the Sunday School class. She also hopes to work on scrapbooks and genealogy in' her i i 4 . retirement. If all goes well, she and her sister Jessie Wadley of Pleasant Grove plan to travel to Europe . 4 i 1 e emRejection of the Mitchell, for now numbers five mula and an eventual cessation ployees. of negotiating in steel were Mr. "Hardy, in announcing the part of the reason for the sub' 10th anniversary ion sequent downturn in the market, Steel union negotiators moved over to the aluminum industry to take up negotiations therel Aluminum ' stocks turned highly ' ir regular. Copper issues enjoyed a good market at times on higher prices in London. Labor troubles in that i . industry were seen as nearing an Merrill PLEASANT GROVE end. Warnick of Manila left for WashDrugs Jolted By Probe D.C. recently to attend The drug shares got a jolt when ington,;. the annual meeting of the Dairy Congress investigated prices Research and Marketing Advisory They fell' on Wednesday, rallied of which he has been on Thursday and turned down Committee, for the past three member a again on Friday. was appoint-o- n Warnick Mr. Electronics were easier early years. committee by Secretary this in the week on realizing, but they of Agriculture Ezra Taft Benson. met support later. Mr. Warnick spent another During the week, the Ford week in Washington, D.C, recentfoundation successfully sold an ly, , attending the National Agriadditional two million shares of cultural Advisory Commission Ford Motor stock and the issue This commission covturned strong after the sale was meeting. of agricultural work. ers all out of the way. General Motors He wastypes appointed to this comweathered a secondary offering of mission by President Eisenhow200,000 shares of its stock, possib er last March. The commission from the Timken estate. meets four times yearly. ly Paper issues sagged at times on the dip i in paperboard output Tobaccos had a brief boost on AuFriday when the American Medi I SYRACUSE, N.Y. t(UPI) thorities cal Journal published an editoria began a search for a enthusiast after Edon conclusions warning, against cancer from smoking cigarettes ward Izzci reported the theft of a. Avco led the market in turnover kit containing $350 worth of ra ' with sales of 305,200 shares. I' dio and I tele vision repair equip ment. points. gained 1 i goods. i J - full-tim- W SJ SLT . II if II II U I I SX I Vv V I I L O D)r; n eclcbrat Merrill Warnick Travels East for Farm Committees I j from Standard Optical P.M. 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