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Show wdat. wcbot Sunday Herald 11. w Extend Gold Sorensen Sfafe ! Insurance Firm Panel Urges Of Provo, Retires From Top Post with Woolworth George W. Sorensen, Map'e--; ton, has been appointed mana-- ! ger for National Capital Group A Live Insurance Company, a n WASHINGTON (LTD congressional subcommittee has recommended that the United States continue its botxrott of from South gold purchases Africa. Tie joint congressional Rio Grande's Role In j Local Economy Cited Manager for 831 Boycott, Robert C. Kirkwood, Native I econ omic subcommittee on interna tional exchange and payments in a report Friday said tie t firm that has just recently started opera- tions in Utah. The firm is in Phoe- nix, Ariz., and Is guided by j . The company paid $1,449,511. The Denver & Rio Grande Western Railroad is working 39 in taxes in Utah for 1969, hard for industrial development with Utah County getting $341,-i- n the Utah srea ard now has C24.28, more than any other a fall time industrial agent county, iurther illustrating the rail-j headquartered in Salt Lake City, economic impact of the iIr- - Ho!laEd Lhe Thus reported J. L Hollands- worth, district manager of sales war& stated. and marketing development for The speaker said the unit Denver & Rio Grande Western train system worked out for 'Railroad in an address before inass coal transportation i the Utah Lake Lions Club. working splendidly, with faster two BYU gradcold" deliv-,R- k or two-tie- r 'paper ) Mr. Hollandsworth described fading, processing, and children, Robert Jr. and Mrs. svtem uates, Harold wLe1 erv Grande as Loan as a are Van and Richard Mr. Sareasei Western, presprogressive j railroad concerned with the ul- Answering a question relative and Keith execau. jvutw. bo to, u piuuu ident, Garrett, to decision back revert Any to timate wonderful in five services of relocating Rio Grande's utive vice president Its Provo transportation grandparents - team track p.t 1230 North and and a keen interest in developgrandchildren purchases would only plav irto Second West in Provo to facili- ment of the areas it serves. &&Mt he hands of the Soviet Union tate .widenins of Second West Sn-Protein. &ree letters i winmng ind South Africa, both b,rPe four to lanes, Mr. Hollandsworth The lUUliltiiy, he said, is oid producers, to the de-- in baseball . ; 4l He was affiliated for years ahead of other U S. railroads Iriment of the United States, fa but it 0 with his father, A. W. (Lon) e in its present and the report said. ide f i Sorensen, in the Aspin Nursery i estacommuiucabons The two-tie- r which, program system, &n x yations in Provo. He worked at Geneva blished under a March, 1963 6 m progress for some time. , Steel for five years. For five ZI Z T I igreemept of the International Arthur D. Slater, Lions presi he was district manager more progress. Monetary Fund (IMFl, provid- years, was in charge. Joseph j dent, for Farm Bureau Insurance, "The D&RGW microwave svs- ed for an official gold market , : . . . . . TTT 1 n ITA I (n - IS Wemz, program chairman, in-r rV Hu iem- - 0UUl aM adapted lor lacwith a stable $35 per ounce A.NTO.MO receives check far S3 .. ! Robert traming course aiid; of her simile in 1961. now is hooked --- i value and a private market ihirH u . , , w ai uie pianu. emenainea CUrrenUv work no tna.1 hie : usie is ,:. into the here the price would fluctuate contest Jerry Holmes, director of Herald Classified Section, computers ior syui- rce cIub-- s 0iristmas party wiii Certified Life Underwriter cerBoston office be was second according to demand. sending. 17 who 1 m m . receiving. v vu rv the Gertrude will presents check, be to In says his first year in life eligible appointed assistant regional As a result of the agreement. tificate. and snitching, .Jounced shorting Storing thlnilit, Rllildin? be wrote over $1 mil-- compete for the grand prize of $25 at cocclusioo of the five-wemanager of the company's ofthe large central banks stopped 'J?5. of the .fLvnnGroneman fice in San Francisco in 1950. contest, whose rules are published regularly in the ?.!ra?a,?Z to a policies. . classified section. A In 1952 he was appointed Boston from Indian Navajo Africa but also from the Soviet Borrego Pass, rail communications network GOLDEN TRIANGLE Prewitt, N.M., the girl is the daughter of Mrs. Bessie Bar-bo- when other railroads catch regional manager and he was Union, to shore up their gold up."j Golden Triangle is the name elected to to board of direcand foster daughter of Mr. sd Mrs. Keith Prestwich reserves. Rio Grande the speaker said, BANG IT NEW YEAR to h tors in 1953. He became a Pittsburgh's wedee-- of Mapleton. A fourth Resumption of gold purchases given grader at Mapletos School, Gertrude has 1354 employees in Utah PAGO PAGO, American vice president in 1954 would be wasted effort, tfcelfffPf? buaif wrote the following for her winning letter: "I am an Indian a payroll of $13,044,420 in'moa (UPI) Residents of this KIRKWOOD C. ROBERT and was elected executive vice muuuugaijcia xuvcr on uie report said. this state. Its total payroll for U.S. territory usher in the New from New Mexico. am I girt here the ea Pbcement Proone side and the Alleehenv on president in 1955 and president 1968 was $37,648,607. In Utah Year with firearms. At mid- 1 eram. linH would I Clrairse a fmm lit umI tii mo the other. Tbt tip of the triangle in 1953. 3 1 nave never had a doIL Every Christmas they wanted 61 1V'J J1 'cauj is where these streams join to sisters. ... , ZI Prow Recollections j one but never form the Ohio River. they get it" "Starting at age 10 I worked fire shotgun blasts into the air. payroll of $1,1763L as a water boy two summers during the building of the Provo roundhouse," he said. '1 also worked for the Startup Candy In Com Dan v durins two different Ken Glover of Valcon Linsummers, up until I was 14, I The First Security System of coln Mercury Inc. has been enbad a paper route of regular Banks ranks 12th in the nation rolled in the exclusive "100 in total agricultural loans out-- Gub," nationwide customers." organization according to the of leading Lincoln Mercury school his standing, high years During Kirkwood worked after school! American Banker, the banking dealership salesmen, W.D. Neit Diviand all adys Saturdays and Sun- industry's daily newspaper. Denver Lincoln-Mercudays at Thornton Drug Store, A tabulation based on agri- sion district manager, announcwhich was then managed by his cultural loaa outstanding as ed Saturday. uncle. At 18, on the recommen- - of June 30, 1969, shows that His sales record places him dation of a sister who worked. First First Security banks were among the top third of all salesmen and there, Kirkwood was hired at carrying a total of z,uu,ztt Lincoln-Mercur- y Woolworth as a trainee and has in their portfolios. earned him special recognition Sales been with the company ever The largest agricultural lend- from the Lincoln-MercuSince. ing bank in the nation is Bank Council. His series of moves up the of Amelca which is also the "Membership in the 100 Club' Woolworth ladder began 4 largest bank in the world requires a high degree of promonths after starting with the First Security Bank of Utah, fessional salesmanship and a company here when he was N.A.. a member institution of solid record of achievement,' transferred to a store in Salt the First Security System, Mr. Neil said. I ? fc She will love this gift to r Lake City. Four months after! ranks 25th among the nation's I that move he was made an as- 100 largest farm lending banks, its portfolio of agricultural with an excess of $20 million in loans. sistant store manager. Makes History stitches, mend, darn, sew became Kirkwood When chairman of die board of on buttons, make button- in 1965 the post had been ,N holes! Embroiders, mono- vacant sz years following the KJk j h. retirement of James T. PORTABLE At the time Kirkwood grams too. was functioning as both presi -I dent and chief executive officer Morris (Mog) Mednick, has! Provo Hide and Fur Company V9 BASE . ot tne company ana reiainea been appointed manager of the according to Phil Perlman, the latter title when named president ot tne tirm. board chairman. It was the first Prnvft TTiHo flni FSir Pnmnamr time in Woolworth history that was organized 52 years ago by the board chairman was also Sam Perlman who acted as I 5 l chief executive officer. operator as well as owner. Phil When Kirkwood assumed the Perlman came into the business Woolworth leadership in 1958 in 1940 and was appointed company sales were running at manager in 1?50. He will remain ! . $364 million. A company of $1 r 3 as president of the company. Mr. Mednick brings years of billion, established for 1960, was 1 t exceeded and last year Wool-wexperience to ms new position. h sales topped $2 billion. The plans are to begin an ex' During the Kirkwood adminispansion program of service in furs and wool beyond Utah tration the number of retail units has increased from 3,251 County to other parts of the Canister Vac in 1958 to 4,955 today which instate and into Wyoming, Neva-fTj Powerful suction and cludes the acquisitions of too at- U V . if da, and Colorado as well, ac5-" subsidiaries Kinney and Rich-ma' tachment set to vacuum carpets, cording to Mr, Perlman. t. If they are successful, the Mr. Kirkwood and his wife, move should make the Provo I Hide and Fur Company one of the former Virginia V. Bates of .Shampooer-Polish- er " the largest fur dealers in the Provo, live in Greenwich, Conn. L. Shampoos carpets, scrubs hard ll ,:, Vv t -MORRIS MEDNICK West -- 1 They are the parents of twoi surfaces, and waxes, polishes, Robert C. Kirkwood, a native; of Provo. and chairman of the uoara ana cruei esecuue au- c?r of F. W. Woolworth, will retire, effective Jm 1, it was announced in New York Satur- day. executive The started with the company in h 1923 as a trainee in the store here. He became a store manager 18 months later in Denver, and managed numerous other stores throughout the West before moving to the company's Minneapolis regional office in 1943. Folkming a year in ! I ,,rensen Wool-wort- long-rang- . ... . Pter Wool-worth- 's c.5ei ZTl X) rhi. , "wro -- ek WiL, Wool-wort- First Security Ranks High Farm Loans ne Sa-wi- th Valcon Salesman Qualifies fcr 'Hundred Club' ! Has Everything for Mom! I Portable ry WmMm Machine O :.n th Left-wic- RIx XJ u VJ Mednick Named Manager Of Provo Hide and Fur Co. ; VlWAl' If L A fl i Wool-wor- i im ry J' jlVI I J TpV or r V S U LJ .... . ,v X AvfN. Vau X i Y fy n. G 1 f2! f C) 1J HvJ buffs floor. A t lU great gift! Lower; Turnover Moderate for Week of tions will have difficulty making congress may be asked to raise more painful anti inflation 'profits because of Washington's some taxes next year; and j Bankers Trust Co. predicted a medicine, a pessimistic outlook; efforts to slow inflation. S. for corporate profits next year Eugene Northrup, vice(sharp drop in corporate profits 1970. and year end tax selling drove chairman of Manufacturers Ha-ji- n stock prices sharply lower this nover Trust, said not to expect The UPI Indicator, measur- week. Turnover, however, was lower interest rates in 1970, and ing all stocks traded, plunged Tilford C Gaines, an economist ,2.36 to 97.13, while the New moderate. Herman Roseman, vice presi- for the Hanover, noted that j York Stock Exchange Index dent of Argus Research Corp., while present restraint policies .measured a drop of 54 cents Investment Advisory Service, will entail some hardship, they to $50.66 in the average com said there were no positive de- still are the best and least dam- mon share price. Standard & Poor's Index of velopments. "And when the aging approach to correcting in500 stocks lost 0.92 to 80 while trend is down," he added, "you flation. The time is 9:30 a.m. EST need good news to stop normal the Dow Jones Average of 30 Gaines said the economy prob selected Blue Chip Industrials year-en- d switching and sell-inably will pass through a reces- - ;slid 6.34 to 786.69. although at Another analyst suggested the sion lasting through late next 'one point it was down to 783.63, slide will have to play itself out year, perhaps starting with the its lowest level since Oct 17, because "Wall Street simply .final 1969 period. He said it will 1966 when it was 778.89. DJ has nothing to get excited be quite mild, with real gross Rails lost 6.70 to 173.06, and over." (national product slipping no 'utilities 0.99 at 107.75. "Inflationary psychology al- - more than one per cent from Of the 1,748 issues crossing the tape, 1,179 declined, 453 ad- peak to trough. ready has become so deep-seae4 it may take more painfull In addition, Milton Friedman. 'vanced. There were 627 new measures to moderate it," JJL a noted economist, reiterated lows set 12 new highs. Robertson, vice chairman of .his warning that a sharp reces--1 Turnover expanded slightly to the Federal Reserve Board, 'sion will set in next year if the J56.954.350 shares from 55,- said. He prescribed some form FED continues its overtight 606,460 a week ago. However, if economic shock treatment policy; the Federal Reserve it was below the 65,191,934 which changed hands although he gave no details of System's open market commit-share- s tee, in a report released this, during the year-ag- o period. what lie had in mind Sept. Oil stocks drew the most sell Secretary of Commerce Mau week, said it voted at its creding pressure, although motors. rice H. Stans said tae nation s 9 meeting to retain a firm economv faces some "bad, bit-- it policy; Murray L. weiden- - rails, conglomerates and gold pp marine before it can asain baurn. assistant secretary for mining shares also pointed low- noJiev. hinted that r. grow solidly." He said ccjwa-WomwiNEW YORK (UPI)-T- c G.T.V. alk g. CAR lir VAf 42 ... Gift for your Santa the handy G.T.V. (Grand Tour- ing Vac for his car. Power- ful suction, extra-lon-g 25ft cord Comes with dusting brush and crevice tL .fffiXfj ' J ' - t, iv I& 5r T' J A f 1, ; K ll gt--1EtSb 4 ON SEARS REVOLVING CHARGE SHAS Provo I sltj uf sf Im -- Sf U rd ; " . N?V. S 'B!eae1 UTAH COUNTY'S ONE STOP SHOPPING CENTER UllAlUllI AC CLEANER Revolving brush action to sweep up hidden, carpets. With dispos- able dust bags; step-o- n switch. handy cord storage deep-dow- " - - IIDDICUT j y So.- 4, J OlZJ I rOv Tl I !! UN U ifA I ji t- inHIUJC IT l IrTVt :- Pessimistic News Drives Stock Prices J I SHOP n on handle. 9:30 A.M. 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