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Show ' ,1 Jk r A- 8 Sunday Herald mum . W M r a SUNDAY, JUNE 14, 1964 County, Utah Hi U-ta- SALT LAKE CITY; (UPI) Weekly Wall Street Roundup Quotations of -T- have approved Furnished savings in Utah's insured Albertson's, Inc., by J. A. Hogle & a proposed merger with Greater Co., Member, Newj York savings and loan associations as of May 1 was $254,405,744, All American markets, Inc., of Stock , Exchange, 43 N. Uniwhich is more than double, the Downey, Calif. versity Ave. The California chain does an amount in 1958. r VI annual volume of about $30 mil Scharf S. Sumner, president SAX.T LAKE STOCK EXCHANGE lion 14 in : Bud Asked supermarkets located ITriidiaiy'B Quote'tiona67.00 of the Utah Savings and Loan 70.00 Banner in Los O and the Thurs Angeles report .05 'a League, made .04l2 Bristol Silver .14 V2 . . , .,. Cardiff .132 Albertson busi annual counties, the Executive at league's day 2.0O 2,37 Can Chief i Vice President J.L. Berlin said.4 Chief Can Fid ness f meeting. 1J65 1.75 2S Net gain for the year ending The agreement would markLoS .16 .12V2 .20 OdLo .IS Con the of 102nd me 30 to store Al Cons Euretaa .... .15 his report entry April j according .18 .03 Va is $31,184,064, twice the total bertson Supermarket C h a in, Croff Oil, . . . . - .02 V ... AtV Crown Point ,52 amount of savings in the state's which has an annual turnover Dragon ..36 JS2 ; . . . . . . .38 35 insured associations 30 years of $161 million a year, into the Bast Utah 25Mines . . 22 Umpire California food business. .08 Eurekia Bullion 06i ago.! .12 Con Eureka .ia Laiy David M. Kennedy, a native Completion of the merger is EureSca Std . . . .43 .40 . .43 Gold. Chain 30 Utahn who is chairman of the subject to approval by stock Grand .75 Deposit .. .03 .02 board and chief executive offi holders. Under terms of the pro- Great Western ..... .18 6.00 20 : cer of Continental Illinois Bank posal, Albertson said one share Kennebec Mammoth ..... 5.0 2.87 V New Park . . 3J7Va and Trust Co., Chicago, was of Albertson's common stock North . . i . 3J37, Lily .07 .08 featured luncheon speaker at the would bev exchanged for 4.9 Park City Con . .70 South Std j . . . . convention. shares of Greater All American. Tanitdc 8.62 '2 a.87Va Std , . . Wednesday , range i 1 . .1 . The P. E. Ashton Company has completed a new remodeling and expansion project at its plant, and used car lot at First West and First North. ...... Marking completion of the project, the Provo Chamber p Commerce will hold a ribbon-cuttin- g ceremony at Ashtori's Wednesday at 9:30 a.m. According to William K. Wotherspoon, C. br C. manager, city and county officials, and other dignitaries will be invited to attend. One of the features of the new project, reports P. E. Ashton, owner, has been a $20,000 lighting project which envelops the used car lot in a blaze of light until 11:30 p.m. each night. The "power groove" lighting is and inviting. The used car lot itself has been doubled in capacity. The Ashton garage area has been extended to the rear with four new booths in the body shop, new customer lounge, easier access, and more parking for customer cars. The new customer lounge includes TV, a "little bowling" ,. game, writing tables, reading area, vending machines, etc. eye-catchi- ng j -- Provo Plumbing Appoints Sales Manager H. Gehring, owners of Provo and Plumbing Heating Supply, announced Saturday the appointment of Lyle Patton to the position of sales manager with the firm. Mr. Patton, a graduate of Brigham Young University in 1950, has been associated with the plumbing business for 13 years. He has been sales and planning consultant for the past eight years with Provo Plumbing and Heating. The new sales manager assumed his position the first of the month. A. W. Adamson and Paul Mr. Patten Radio KIXX to Receive National Salute . . S . J , - , . j - . ; . . . J ...... Industrialists Appear On Economic Education Panel -- !j ! , - j r then-forecas- ts ' , . ' can last. Vv;: K -- industrial average Dow-Joh- es rose 3.36 to 809.39 and rails ad- vanced 1.24 to 203.74. Utilities rose 1.62 to 141.60. Standard iii Poor's 500 stock index rose ,0.58 to. 79.60.v; ;' to .20,128,530? slowed Trading shares last Week and. 22,831,718 shares in the same ' Week last! I ':;'1J year, t medal to fL Harry S Trul t President LAKE CITY (UPI)- -A tend the meeting and give the June 25 for his "contribution the cause of human freedom nvesta te Conference on Con consumer's point of view. Asked and democracy" during the sumer Affairs will he held next A native Utahn, Mrs. Esther 9.52 4.08 Korean War, lit was announced week. to consider problems of Peterson, assistant U.S. Secre--' 14.15 i A orices. oackages. laoeling. mer- - tary of Labor, will address the cvi'ioir 16.66 12 .18 opening of the conference TuesAmbassador Kim ChungYjui bhaildfeing and 'advertising. 20.12 n r j ;' 17.86 said he will present the ,urparticipants irom juian, iaano day. 820 der of Merit for National Foun Colorado, Wyoming and Nevada Keynote speaker will be Dr. 9.46 y event Richard H. Holton, assis t a n t 12.86 dation Joongjang" to Trurirt will' jiin in the 17.01 's (befog 'sponsored bv President Secretary of Commerce. 1024 Lead, 5,000 at .08 Utah Cone, 500 at 20 . . . is that a much heavier volume will have to be on hand for any 1 upward move! to be successful. T Meanwhile, the economic picture' continued to be good Although some economic forecast- - ' ers are doing a bit of crepe- hanging over just how long the current record rate of growpi : e Consumer Affairs erence Opens Tues day (UPI) its highest : T Republic of Korea will Ttimtdc . : : . j S7 Colo Con, 1,000 at AO Croff Oil, 1,000 at .03 North Ldily. 700 ait jBTM, Sundamce Oil, 5O0 at .38 A; panel of top Utah indus increase. "We must have MUTUAL FUNDS Friday's Quotations: Bid trialists and educators high smarter people, more educated Affil 8.80 Fund of sessions this week's . 3.72 lighted people to compete," he told the Div Shares E and H Bal F .. 13.09 the .'Utah, Workshop on Eco- teachers. E and H Stk F . 15.41 nomic Education which will Speaking for Kennecott Fund ... 11 21 Fidelity Trend . 18.51 continue for two more weeks at per Corp., Mr. Kinnear Cop- Fidelity 10 82 Fund Inv said, Inv ..... 78 Brigham Young University. "We participate in programs Iracorp Mass Inv Growth . 86 Dr. Robert P. Collier, dean such as this in the Fund Inv ...... 10.82 hope that Putman Fund 1'56 of the College of Business at our future will be Putmian Growth . 937 employees Utah State University and better grounded in .... .14 07 1632 Wellington chairman of the executive com- principles and because economic it is an NEW YORK (UPI) Investor mittee, Utah Council on Eco avenue of accomplishing bet--J Group Funds included: nomic Education, appeared on ter ( intercontinental 6.30 8.06 understanding." the panel with John C. Kinnear Jr., general managerj of the Division, dicator had soared around 5 By C; J, PARNOW United Press International points. However, volume had NEW YORK (UPI) contracted sharply --4 it was the The ' stock market finished with a slowest session in 10! months smaii and j unimpressive gain and prices drifted pack from this week. Trading was compar- their best levels pefore the Close. 'X ,: atively light j Prices tumbled sharply in the The closing: session was a opening session as the market push-pu- ll ffair with "prices push continued last week's reactioning ahead only to be pulled ary phase. ;' Tuesday 'and back by a- combination of lagWednesday saw a limited recov ging volume and normal pre- ery. But analysts held to weekend profit-takin- g that the market wyuiuUAa things stand now. with the remain in its.retreat until there - f. ui A Vf Vif M1V WVV VUlil vt was a decisive breakthrough f chnicians bejieve Uiere the upward resistance barrf' ill be a newj retreat or around the 810 level in the ag arouna unui enougn Jones industrial average. (D? u is built up tor another " The breakthrough came1' However, the consensus the second hour Thursday shortly afterward the senj 2Z 20 . .65 .80 Willisbon ..(," SALT LAKE STOCK EXCHANGE MEDAL FOR HST SALES Clayton Silver, 500 at 2Z 4,600 t WASHINGTON Utah 'Can Western F i n ish Week With Small Upt urn on Fairly Light Tradinq Stocks otal As h to n Com pa ny Ex pa nds; Ribbon-Cuttin- g Utah Reports Albertson Board roves Merg e r Savings Gain App BOISE (UPI) Directors . onle-da- . Reac-holnm- tions to his comments will be of- fered by representatives of DUSl- sumer Interests, Thousands of invitations have ness, labor, education and gov- been sent to individuals to at-- eminent. Commission on Mutual 12,12 13.10 Stocks 20.36 22.01 Selective 10.38 11.10 Variable 7.46)8.06 Con- - f Kennecott KIXX Radio Station will receive a nation-wid- e salute by Copper Corp., land vice chair8 Mutual Broadcasting System on the air at a.m., Friday, June man of the council, and Ber- 26 Frank and Harold Van Wagenen have been nard Furse, council field direc co-own- ers Informed. The ;1 tor. network will note that KIXX is serving The 12th annual workshop is 17th was" since it in Provo the Van under the direction of Dr. Glen Wagorganized by year itsj enen brothers . . .'that it is believed to be "the only radio T. Nelson, professor of ecostation in America located in the center of an golf nomics at BYU. The partici. . and that it serves listeners over a wide area fan- pants, 30 elementary and sec course" . ondary! school teachers, were ning out from Provo. Included on the radio salute on dial 1400 locally, will be chosen by the superintendents mention of beautiful Provo City, booming Brigham Young Uni- to attend the refresher course. period During the three-wee- k versity, and thethriving Central Utah steel industry.; they reside in Amanda Knight on BYU campus, where Backus Named Turn Foreman Steel Plant Hall meetings also are held. They Bale L. Backus of Orem, has been appointed turn, foreman are studying personal econoin the slab mill of United States Steel's Geneva Works, it was mics, economic principles, Utah's economy, national and announced today by J. V. Mazurie,: division superintendent international economic rolling millsl A native of Orem, Mr. Backus began his career with U.S. At the panel this week, Dean Steel in January, 1945, when he joined the rolling mills division Collier called upon the teachati Geneva. . I ers; to train students to think. A student should be able to Wallin Heads Association of Accountants weigh benefits arid cost and al of Robert E. Wallin, a resident American Fork, has been ternatives before he makes his elected vice president of the Salt Lake Area choices," he said. '.'There is no free lunch Chapter, National Association of Accountants. Mr. Wallin has been a member of the associa- you get things by working for them. Some people get the idea tion for six years. Mr. Wallin is a veteran of World War II that just because the federal and the Korean conflict, where he served in government gives you somethe Air Force as an administrative officer for thing, it doesn't cost anything. It doer anything which is approximately six years. has value costs scarce and He held the rank of captain at the time of his release from active duty. Mr. Wallin something." upon the teachers received his accounting education at Henager toHeusecalled economic examples to Business College and the University of Utah. illustrate all areas of educaMr. Wallin His wife, Norma, is a native of Bridgeport, Conn., and they tion. "The Boston tea party nave two cmiuren, uesna ana ionnan. was an illustration of economic Drincibles the taxes on the too tea were Provo Business Notes . . . high and the peo did something about it." Jones Paint and Glass, Inc. of Provo is now an authorized ple Mr. Kinnear said there is major, distributor of Thermoproof Glass Company. The firm, a tremendous chaos in the under veteran in the glass field, is headed by Harold B. Jones, presi of economics. "To . . Kent Nelson, Allstate Insurance Company agent standing dent. the have feeling that anything ffi Provo, visited the company s regional office in Denver Fri is that good for the company day as a guest of honor Nelson was one of seven "Century bad for the employee a per Club" winners In a five-stat-e area. Four men from son must have a lack of under Prudential Insurance Company's Provo District office will of our whole economic attend the firm's western regional business conference in San standing structure," he said, Francisco, June They are J. Boyd Smeath, staff mana ' He asserted industry is find ger, and agents George D. Haws, Niles M. Wing and Milton R. ing its competition much more Ljyman. intense and the intensity will 550-stati- on j 18-ho- le j at ' t A ft, ! tr-- ' I '.' 5T. SAUCE ssJ I . F6K ' ; K--m -- $ I'll " i rU V!"'' A 1 1 ' V'0Vf P';': I I " .. i h - 'TWi '' Zi I :' sr;. ,, i .;.-...'.---- ISU-- 'Lip ; I I .. ... fl it 14-1- 7.; It r. I 4 l! 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