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Show Weekly Wall Street Roundup MOsSStM TaTA7f5$ Grants Weaving Shop,Opens In New Quarters Stocks Rouse, then Hit Heights By LEWIS A. WEBEL United Press International YORK (UPI) The stock market paused in its upward trend part of this week but showed no real signs of weakening and closed Friday at a new all-tihigh in the Dow-Jonindustrials. Stocks continued to show effects of the signing of the tax h cut bill, and the 800 in the Dow-Jonindustrials, by moving up to new all-tihighs Monday and Tuesday. The market wandered aimlessly Wednesday and Thursday but resumed its advance Friday to close a new record 806.03. This put the senior indiWotherspoon, Schmiett on State Committee cator up 5.89 ont he week. Announcement of appointment of four members to the execDespite many predictions to utive committee of the Utah Committee on Industrial and Em- the contrary, one broker had ployment Planning was made today by Otto A. Wiesley, chairman of the executive committee and chairman of the Utah Industrial Committee. New appointees are Edward J. Peters, Ogden; A. Kyle Salt Lake City; William K. Wotherspoon, manager of the Provo Chamber of Commerce, and Bennie Schmiett, director, Utah Municipal League, who is resigning as Orem City manaForeign steel is coming into ger. the U.S. at a record rate, Iron The new appointees succeed Allen E. Brockbank; Sterling Age magazine reports. Further, the rate will be stepped up at Price, Springville; and the late Tom McCoy, Salt Lake City. the start of the St. Lawrence Dairy Council Chief Given Special Award Seaway shipping season this Louis R. Curtis, Salt Lake City, was presented with a spring. special award in recognition of his 13 years of service as a Plans of importers now indimember of the board of directors of the Dairy Council of Utah, cate more than 6 million tons of foreign steel will come into at the council's annual meeting Thursday in Salt Lake City. to his sixth term as president the U.S. this year. This should Mr. Curtis who was e recof the Dairy Council at the meeting, has served on the council's easily surpass the in set 5.5 tons of million ord board of directors since it was organized in 1950. TheDairy Council of Utah is the educational arm of the state's dairy in- 1963, Some finished steel represents dustry. three-fourtof ingot proabout as a director of Welby W. Young of Heber was duction, this means a loss of the council. about 8 million tons of ingot U- -l 2 Co. Makes Key Appointments production for domestic mills, Sugar metalworking Lloyd V. Olsen, manager for the South Utah District for the national Utah-Idah- o says. weekly been has for appointed manager Sugar Company, Of great concern to the U.S. tht, Idaho District, succeeding Rowland M. Cannon, announces industry is a change in product Douglas W. Love, company president. of steel being imported. Up mix John G. Seeley, agricultural superintendent for the Yakima to now, the bulk has been in Valley District of Washington since 1958, was appointed manareinforcing bars, and ger for the South Utah District with headquarters at West Jor- wire, d welded pipe. Now, more dan. in are zeroing products Mr. Olsen is a native of Moroni, Utah, while Mr. Seely is on domestic markets. a native of Mt. Pleasant. Grant's Weaving and Knit Shop celebrated the opening of its new retail store at 214 North University, Friday and Saturday, and in the process gave away many free prizes ranging from knitting books and knitting kits to cards of buttons. Thomas and Lanel Peck have grown up in the weaving and knitting fields and today head an organization that carries their label not only throughout the Intermountain West but nationally. Their looms are found in commercial shops and trade schools everywhere. They have become suppliers for world markets for many items in the weaving supply and loom business. Locally, to help serve Utah County better in the knitting aspect, they have acquired the services of Ellen Gundersen from Norway to help all with their knitting problems. It was just five years 3go that Mr. and Mrs. Peck moved to Provo to be more centrally located on the national level. They employ mostly student labor. Business has grown, necessitating larger facilities. Bet-tilyo- n, NEW es me me Steel Imports Are Accelerated all-tim- hs re-elect- ed flat-rolle- ?'fk- - this to say about the tax cut and its subsequent effect on the stock market: "I believe the market is still underestimating the impact that the tax cut is going to nave almost immediately at all levels of the economy. I think that business activity and earnings will be sufficient to support a break-throug- es re-elect- ed I SUNDAY, MARCH 8, 1964 Utah County, Utah book entitled "The Business Press in America," published by Chiltob Books of Philadelphia and New York. He is David P. Forsyth, who himself is manager of communications research at Chilton Company, residing in Alden, Clifton Heights, Pa. His wife is the firmer Dawn Tanner, daughter of Dr. and Mrs. Vasco M. Tanner of Provo. A graduate of Brighanj Young University, Dr. Forsyth holds master's and doctor of philoso- Car-me- la mid-1950'- an University. Besides his post with Chilton, he teaches business journalism at Temple University. He has also taught at of University Northwestern, Iowa, and Columbia College in Chicago. His book, "The Business Press of America," deals with the extensive business and trade magazine field which includes more than 2300 different titles circulated regularly to millions of business and technical read- ers. trade magazine field traces its roots to 124 periodiThe cals founded before the Civil War. Dr. Forsyth tells of the beginnings of the communications medium which "is greatly responsible for America's world leadership in technology and production." The former Provoan introduces each publication and its founder in their economic and 1 historical perspective, then anammmi mmmm lyzes each as a journalistic and business unit. He investigates t1 each publication's contribution to the field served. ?! Ilplifl The book is the initial volume of business paper history. It serve as a valuable conshould $ SSI tribution not only to the publisher, the journalist, the manufacturer, the businessman and the AUTHOR David Pt For- economist, but also to the sociolsyth, author of a new book on ogist and the historian of Amerthe business magazine field. ican business growth. f i s; who docs his own duction this week was scheduled 5 per cent below the previous week. Alcoa, Kaiser Aluminum and Reynolds Metals, which boosted their domestic price on aluminum, were up 4, Va and 2Vi, respectively. Aircrafts held the center of attention. President Johnson announced that a new military jet under development by Lockheed far outperforms any other known plane and Lockheed stock added . McDonnell 7 after receiving a jumped million defense $62.8 contract for jet fighters. Defense Robert S. McNamara Secretary it. J reaucea ine uu Domoer pro gram from three to two planes and North American Aviation, which makes the plane, eased from its best level and closed up . Trading amounted to shares compared with 26,- 046,640 in the ( previous week and 20,210,540 in the similar 1963 period. 1 wonderful advantage m and f mind, pae wha yo Kav BLOCK figure yovr tax, OCT STARTED NOW1 It's th nodm, aensibl way. Jurf ask yovr neighbor, ring yovr tax problem to VLOCK tonight! Hm-tari- Jni M "A pM w f Ayr 7 PHONE OPEN 'TIL 9 FREE! O Or I I I I I ffiSMMJ March will come in liko a lion this year - a rearing big solo an vitamins! Yet, It's McXosson'i Boxol Vita Benin ...HALF PRICES an all economy sizes... others at huge saving. Enough McKesson Baxel Vftoarfns ovary day la lost six to eight months. Cut your vitamin costs I Come shop, come save during March at the stares Bated below. 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