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Show Weekly Stocks Roundup Econo tnic. nm ism spurs Sfdck Mariner on Upswing By PETER T. EARLE United Press International " NEW YORK (UPI) Growing belief that the nation's economy is getting back on the uptrack produced advances , in every session but one on the stock market this week. Although the gains in the first ; ; four days were relatively small and somewhat selective, the cumulative effect was a fairly large week-trwee- k rise in the popular averages. Trading activity, while small by 1961 standards, was nevertheless the highest in a month, i Demand was stimulated by immid employFebruary proved SUNDAY, Utah 6 SUNDAY HERALD MARCH 18, 1962 County, Utah IS 1 1 II fl II ' Over-Staffe- t ' ' I King Denies His Office i I j.jji.m ' , iiiji mm'. yx m i.twmn.i J. " i - i x NEGOTIATE BUSINESS DEALToasting each other et with irnilk as sales papers are signed transferring Clover-leaf-P' . to Milk to Products left Federated are, Dairy right: 'Welby. w. Young, Federated vice president; S. P. Harter, Pet Milk Company senior vice president, and .Walter R. Holdaway, Federated president. - Federated Milk Purchases Cfoyer leaf-P- Dairy Company et Federated Milk Producers sociation, Inc., Salt Lake City, has purchased Cloverleaf - Pet Dairy Company, from Pet Milk Company, Walter It. Holdaway, As- Utah County, association president, said, Saturday. Mr. Holdaway made the announcement at the, annual meeting of Federated 'members. Also Vineyard,; , speaking at the annual meeting was , Welby W. Young, Wasatch County, Federated vice president. Cloverleaf-Pe- t, with headquar ters In Salt! Lake City, markets fresh milk, ice cream, and other dairy products in Utah, Idaho, Nevada and parts of Montana Wyoming, ana, Arizona, xne com pany, which; has been in business for 56 years,,has annual sales ex " ceding $6 million. Federated,! Utah's largest dairy farmer cooperative association, with over 1,000 members and patrons, will take over the Clover- leaf-P- et operations at the close business on March 31, 1962. dThe purchase price was hot dis- Closed. This is Federated's 25th tear of operation. ! ' V: Pet plant at Monroe, Utah, which! processes surplus Grade A milk from Cloverleaf-Pe- t into powered milk and butter. Mr. Holdaway said his association will continue to1 use the Cloverleaf-Pe- t name. He emphasi zed that Federated plans to retain the Cloverleaf-Pe- t organization of more than 200 employes. He said that George R. Donald will continue as manager of Cloverleaf-Pe- t operations; Vernon L. Bingham continues! as executive secretary of Federated. "We are pleased, over this development," Mr. Holdaway said. "It means that we shall have a completely , integrated dairy products operation, from f krm to consumer. In this acquisition we have acquired an experienced organization and efficient, rnodern facilities Vhich have ' placed an important part in the honor roll ratings1 whichxhave continued to come to Utah's Mluid milk from the United States Public Health Service." He added that Federated will continue to supply milk to other dairy processors as in the past. , House of Fabric in Provo Sets Grand Opening j Janet ceeds Marchant Luke, who is moving with her hus- band, Dr. H Alan Luke, to Denver. He has been promoted to a new posi tion as federal ad marketing i , UtaKiDelegafes to National ADA Meeting Are Appointed Miss Lee suc- - I ! i Miss Lee ministrator in Colorado A graduate of Brigham Young University xJn homemaking edu cation, MissxLee is a native of Heber City, Wasatch' county. She is daughter of .Mr, and Mrs. Fay Drive, Salt Lee, '4240 Sunset-VieLake City. She attended elemen tary and high schools vin Heber. At Brigham Young University, Miss Lee was affiliated with Kap pa Debonnair social unit. Following her graduation at BYU, she was a teacher in food and nutrition at Tooele High Schools Since i960 she has been a home economist with the Salt Lake division of Utah Power & Light Company. Tne Dairy council is a non profit affiliate of the National Dairy Council, a health and edu cation association. Local offices are in. the Dooly Building, ' Salt Lake City. ! Utah's 9,000 dairy farmers have at the 22nd annual meeting of the elected three prominent dairymen American Dairy Association in ; fcj act as their voting delegates Chicago, March Delegates are: Welby W. Young, Heber City, Wasatch County; A. W. Chambers, 290 S. 4th W., and Lincoln Jensen of Morgan County. They will participate business-buildin- g in the decision-makin- g f : affairs of the association's year x 'round market deX Xj velopment program for milk and milk products. The organization 'has grown from six member states in 1940 Utah's insured savings and loan to states in 1962. .Its two the associations during first nationwide product promotion inonths of 1962 showed an increase of 70.5 per cent in the program is financed by a f volunby dairy farmers of money they lent for tary . amount home ownership over the cor- at the rate of 2 cents per 100 pounds of milk. responding 1961 period, That was the report Saturday of G. Blair Bradshaw, president, Utah Sagins and Loan League. V IF IT'S iMfMtSH BASIL ISA RARE . ' House, basi l7t old eijitioi .1 TMr. Bradshaw noted that durWEARS SLEEVE 1962, the ing January-FebruarX OMCe LOST xri i BARTERS, ocr J Rj. aA iri Yvti pas 'insured associations made 956 ASOL--OSES COLLAR. MV SACK loans, amounting to $13.93 million SCREW FROM T250TriPlC:. Nl VJEARirJS IT VJlTUOtlT for financing homes, compared MV WATOLAMD AND CARRIES with 697 loans, amounting to $8.17 COtM PURSEI TRACkED IT JA seem sortofa pet tomethe same 1961; period. million,-iTHE FIRST DC X WORE rr ittoWn im 'the mootd feMgiSpSH "We estimate that this year the insured associations are financ- -' VJASA CLARK ing approximately 50 per cent of IN A SHOP.' all the new dwelling starts in the state," Mr. Bradshaw said. He explained that a reason for the gains has been continued increases in savings. During the first two months of 1962, net accounts in the gains in savings ' 21-2-2. , j w Home Loans Record Sharp Gain Lo-ga- nj '' I set-asi- de . j I -- ; y, t BDTTOlNlel00 - n . , were $3.04 million, compared with $3.03 million in associations , 7' . "Net gains in savings in the associations in February, 1962 far exceeded the gains in any previous February in history," Mr. Bradshaw said. The associations last month showed a net d savings gain of $1.37 million, with $.72 million in 1961. . com-fcrc- -- Abandoned Items fa Be Sold Lost, - i i J ' the It Drag amount the the, company has invested in the past" 'company's-history- to $187 million 10 years 1 " , ! i, The largest $15.9 million kilowatt" unit Wyo., steam ( expenditure will be for the first M 50,000 of the Kemmerer, electric plant now under construction. 'i Utah Cahners Association Sets Spring Meeting for March 24 Officials of Utah Valley's can ning industry will participate March 24 in the UtahiCanners A s socia tion 50thi annual spring meeting' at the Hotel jUtah in Salt Lake. City,; according to Robert! E. Moss j '.Bountiful, as sociation president. -- I t" session Speakers at the all-da-y will include; Robert Cj Cosgrove, LeSueur, Minn., president. National Canners Association; Mi lan D. Smith former Utahn who is now executive vice president of thd national organization, and Dr Ira A- - Somers, a! jtiative of Garland, Utah and now j director of research laboratories of Na tional Canners Association. Banquet speaker will be Dr. VV Ballentine Henley, ;,JLos Angeles, president; California College of Medicine! Events on the one-da-y program . if ; CO i i i mi,,.., mi 11m At Police Auction ..... ii V LA r.( Smith Somers include a luncheon, a quality com petition for - Utah canned foods and the evening banquet. According to Mr. Moss, Utah's canning industry purchases. fresh fruit and vegetable crops from more than 2,000 Utah growers, providing a reliable home market. j . ONE-ROO- MUSEUM M j BIG FOOT, Tex. (UPI) One of the nation's smallest museums log one-roo- m cabin--comme- mo- rates the life and times of William. ': Alexander :: Anderson Walla cc, known as "Big Foot Wallace." Wallace came from Virginia to Xexas in 1836 to avenge the death of his brother bv Mexican soldiers during the Texas Revolution. He stayed to become a Texas Ranger captain and to fight Indians after squaring accounts with the Mexicans. Wallace did lin 1899, butj is remembered by personal belongings, photographs and artifacts of his time that are in the small mu seum. " u NEWSPAPERS PRAISED NEW YORK (UPI) The na John Gage is the manager of the tion's newsnflDers were commend. hew store, coming nere. trom ed Friday for outstanding public . . .. SI service Huntington rarK, uaui. ne is in the battle against ta married and the Gages have one berculosis through the annual child. Both Mr. and Mrs'. Gage Christmas S6al campaign. ' are BYU alumni. The National Tuberculosis Asso ciation said in a resolution the During the past week Don district manager, and newspaper publishing industry Ted Lewis of Burbank, Calif., as showed "public-spirite- d coopera well as other Bouse of Fabric tion in the highest, tradition of headquarters personnel have been j journalism" by providing space in JlProvo the Store for the purpose of supporting the iJhelping get J. reaay ior me opening. campaigns. 4 (! ... Ar-demag- ni, 1. ..it.t . NATIONAL PRESIDENT Robert C. Cosgrove, national president, 'Vvho will address spring meeting of Utah Canners As sociation. FIRST WESTERN Capital Cerp. 10 EXCHANGE A Licftt fLACE Hdft 1 undr ft LAKE CITY SALT Smell Bwimi tnmnt 328 475 Combined Insurance Company oiy America's Hospital Indemnity Plan for family security i all-purpo- I se Guards Against Being Almost Protected" ! El A. Walker, native of Ameri can Fork now manager for the Salt Lake area of Arden Meadow Gold Dairies, has been named general chairman for Utah's 1962' cottage cheese festival which began, this week and continues through April 22. The state-wid- e observance is designed to encourage more extensive, use of cottage cheese. Mr. Walker attended American Fork High School and was f graduated from University of Utah. He Jias been affiliated with Arden. Meadow Gold and its predecessor company for 25 years and. has been area manager since 1954. expenses almost pay. ordinaryospita! plans Casfv for. those, big ' . out-of-pock- et prepared io meet today's high cost of sickness strikes? hospital confinement when accident or Or, ztt you ALMOST protected by yesteryear's hospital leave you modest benefits today would oJafit whose J. . I r kit 10 iace nospuai eApsiiiei w us seriously unprotected or borrowed? Combljjed's uaid New Dimension Protection is specially cesignea 19 come Protection Erosion caused by inflation. j Modernize your old; fashioned re- policy or supplement your X. New Dinension Protection cently purchased ordinary pro, tection with the pennies-a-daPAYS YOU UP TO NEW Combined's of safeguard DIMENSION PROTECTION J . . Are yoirRtLY 1 1 j k liif'iiiii y . : GUARDS AGAINST ALMOST PROTECTED! IT Berdean F. Oldroyd, claim rep resentative for State Farm Auto mobile Insurance Company at 176 E. Center St., Provo, has been awarded a diploma ; from Vale Technical Institute at Blairsville, BEING I CASi: flR MONTH , Alt DURING HOSPITAL , CONFINEMENT FOR AS LONG i MONTHS AND IT DIRECTLY TO YOU FOR USE WHEN AND WHERE YQU DECIDE! ' nL K Pa. 'j a Oldroyd has just returned from three-week- advanced training s course in auto damage estimating '' !(' and repair techniques at the John C. Swindle, 1723 North Oak Lane, has completed a advanced professional course in estate life insurance planning, MrXSWindle is a special agent in the Irovo detached office of the Salt Lake XJity agency of the Prudential Insurance Co. 23-we- . YOU DECIDE! Pay for canvalejcent expome Pay for TV wnfol Use New Dimension ccsh benefits ANYWHERE ANYWAY, ANYTIME Pay for expenses left unpaid by your present hospitalization Pay for Doctor bills WHY IF NECESSARY, USE IT TO ek PAYS IN ADDITION TO ALL OTHER INSURANCE , j j Cash benefits are- paid to yoa.in addition to any other insurance picy cr policies you may have. 1 Fred L. Markham, Provo archi tect, will be Town and Gown lecturer at Utah State University - CONTAINS M" RENEWAL PROTECTION !'. ' be cancelled unless e!l lite policies in your state are Policy cannot March 22, J. Stewarfx Williams, said Thursday chariman, v The dinner-lectur- e is scheduled at 7 p.m. in the Student Union THE ONLY Poy for extra miscellaneous Pay for privato nuning j . xpense S Pcyfordrugs j EOT THE GROCERIES CR f!AKE THE NEXT CAS PAYMENTS cancelled. New Dimension. Protection, cannot be increased in premium unless all like policies within . your state are similarly increased-New Dimension Protection benefits cannot be individually restricted or modified after issuance cr after the payment cf .any claim under fisa New j Dimension DECIDE! ; RETURNS UP TO 10 YEARS PAID-IPREMIUMS Dimension New Protection returns pays for EMERGENCY '. . . VO'J TREATMENT f Protection pass 10 cf your total scheduled monthly hospital indemnity for emergency treatment when treat-weis rendered within 43 hours after the accident at the' hospital, clinic, doctor's office or elsewhere wnen ircatea cy a pnjfsician. policy. All In conformance with New Dimension Protection Policy Na 15083 FrrFPTION .ANU nFnUCTIQNS N premiums up to 10 years paid-iover and above any otheramount paid or payable under this policy should the principal 'insured lose his life through accidental injury sustained while the policy Is In force. IS M n nt M r 1 n ' J does not covet any expensp caused by war, () Thise planphysical dental care, pregnancy, coa. J heck-u- p, finement in a hospital ovoied or operated by th Federal Government, or caused by mental disorder, (b) Successhro same injury or sickness will be considered as one period of confaneraent for the periods of confinement as a result of thetinles3 there is complete recovery and such jBUCcessive periods of confinement are under this of policy, purpose coverage two weeks, (c) When any person attains the age of 06 on or before the date any hospital confinement separated by at least paid at first commences as a result of Such Sickness or Such Injuries the Monthly Hospital Indemnity provided shall be aace ana alter tnecnective accidents Covers Schedule. occurring: 50 of the rate of such indemnity S3 set forth in the sickness contracted more than thirty (30) days after the effective . date of the cohev. Building at USU. The public Ms j.'Mr. Markham, a fellow of the American Institute of Architects, will discuss "Dynamic .Architectural Design." , He is one of six members of the National Architectural Accrediting Board for professional collegiate architectural schools, and has served on the national AIA on urban planning and committee ' iii j . New Dimension Protection plans, are available to individuals and families with monthly indemnity benefits ranging from J1C0.C3 to' 5750.M. .WH.WMWUVWAV . ' housing. AGENCY OX 96, OREM, UTAH AC , Owen L. and L. Davis Dennis Daryl 'ayne, Duwalder of Givan Ford Sales, Provo, will be presented Ford Club Motor Company's 300-50-0 award at a banquet in Salt Lake Ford City honoringx high-rankiDale C. WhiUock, Mr. Newell aidded that the aver-'ag- e 300-50-0 Club member sold nearly $400,000 worth of automo tive merchandise in qualifying for the national honors. : Comtlnea Exclusive representatives w this orea for th Iniurcmc Company of America, World's Second Largest Exclusive Aecident end Health Insurance Company. AGAINST BEING ALMOST PROTECTED, & Fcrmify To cover Mye!fMyielf XWR FAMILY'S SAVINGS You ow it to yourself to find ouKiiow much money this policy will av you. Learn ALL the benefits of the New Dimension Policy and ell obout th famcu Company that ' x " mall the backs It fcy calling' coupon. Do U today! j L NAME. ADDRESS, PHONE cmr 0 n a 0 0 0 n 0 I . Q Mil CumbioeJ A-- GUARDS LET US KELP YOU PFOTECT dealership car and truck salesmen of 1961 in th Salt Lake City Ford sales district. 5eneral Asency - P.O. Box 9C ' Orem Utah 'AC details In cbout Com ( em Interested complete bined's Hv Dimension Protection, the plan that ' ' Cordner'a 73 ng Gmuptof Compir.itl : - I J' i .j.i 11.. Dr.- - a Need a bike, a pair of field glasses, a camera, watch or gun? If so, turn out to the rummage sale by .Provo Police Department March 2S at 2:30 p.m. at city hall. The police are disposing of 10 abandoned "bikes, three cameras, a rifle, a shotgun, four bumper watches and other jacks, several unclaimed ' items. ' V' !'."" - states, ings associations and cooperative banks. . ' 1 The firm will specialize, in the offering of domestic and imported Jsilks, synthetics, . cottons, linens and woolens. They also stock a wide variety of ready-mad- e curtains, custom draperies, decorator pillows and pillow forms, Kirch hardware and a complete line of sewing notions. The Provo store is the newest in a group of 38 House of Fabric Stores located in seven western lot transactions still show some savings and loan business and represents more than 4,800 savV selling on balance. S '; tomorrow Tor ; Utah. counts, suggest that I have the largest field staff. At least 23 House members staff two or more field offices, and some assign as many as six employees to these offices. Some keep their administrative assistants' inj their field offices. 1 have one field office. I have four people, two stenographers and two part-tim- e advisers, on my field staff." e Taft-Hartle- i . i NEWEST PROVO BUSINESS ESTABLISHMENT- Here is the new House of Fkbrie-storin' Prove, which will hold its grand opening beginning: Monday morning. usmess Briefs . both SALT LAKE CITY tUPI) Utah Power & Light Co. today unveiled plans for a $32.3 million construction program to expand t i electrical facilities. E. M. Naughton, president of the firm, said it will be the larg est annual construction budget in' : "It is utter nonsense, too, to ; . ; ;; : . Chatter pixie Lee, well known home economist, is the new executive director of the Dairy Council of ;;; - Provo's newest retail business establishment will hold its grand opening beginning tomorrow at 10 a.m. as the House of Fabric at 152 West Center takes its place f as a member of the Provo business community. The new store is located in the old Strand Theatre building, which has been' completely reNEW YORK- - (UPI) There modeled both inside and out and will be no steel strike, predicts designed the Value Line Investment Survey. business. especially for the fabric "Possibly this month, perhaps not until May, but almost surely before the June 30 deadline a new steel contract will be .shaped be cause political pressures are too great to permit a strike in 1962," the investment survey states. A strike probably would prompt the government to invoke the y Act and then press for Congress authority to require sEmerson L. Hardy, manager of arbitration. "Neither Deseret Federal Savings and compulsory the union nor management want Lpan Association's Provo office, has been appointed to the 1962 this," says the survey. personnel policies committee of the United States Savings and of Granville F E. Joseph E. Loan League. Hutton & Co. says that "the best appointment was anjlhe still lie months stock prices many nounced Saturday by M. L. Dye month a nine ahead." He cites of Salt Lake City, Utah, president Confidence in the Barrons high of the League, which is the nationIndex, a steadily increasing air- wide trade organization of the line group and the fact that odd Dairy Council Names Director :. he's dead wrong," Congressman King said. "In the first place," Mr. King "the law limits' the continued, House ' members from districts under . 500,000 in population to nine staff members, and , those from districts, over 500,000, such as mine, to 10 emplqyees. These limitations make - it utter; nonsense ,that any particular Congressman ,has. the largest staff in the entire House. I have nine people on my staff.- , - j H ; I i . The purchase also includes the 1961. Staff. "On X Wall Street , .4 j 0.61. , S. King Friday branded as "a politically inspired f iction'' the charges of the Utah Young Republicans' chairman, Don Martinson, about- the size of his congressional staff. "Newspaper accounts 'did not make it clear whether Martinson is charging that I have the largest staff in the Congress, or that 'I have the largest field '' s ment statistics, a rise in personal income to a new record high, and a climb' in the Federal Reserve Board's industrial production index to last December's ; record level, u Steel stocks had one strong day on Wednesday , as wage bargaining talks resumed at the request of the administration. However, thej dearth of concrete news" reports from the new meetings kept many professional interests on the fence. Observers seemed to feel that a contract settlement, or at least a firmer belief that one would be reached before the midyear strike deadline, is now the" only ingredient lacking in the blending of a spring rally of major pro- portions. While the wrangling at the Ge neva foreigh ministers' confer ence did little to enhance pros pects for world disarmament, it produced a moderate demand for defense stocks. Standard & Poor's inclusive 500 stock index closed out the week at 70.94 up 0.52, indicating an ag- regate increase of around $3.7. bil lion in paper values. In the Dow- Jones averages, industrials rose 8.33. railroad 0.12 and utilities 4 d David Rep. . I UP&L Unveils $8 Million o nst r ucr i q n P ro q rdm 4 :. Xx cjaaaQcaat Ad of W3t |