OCR Text |
Show Ctl7Pini Wnff Prn nnrl Cnn Viouc I SUNDAY. DECEMBER Directors of Chamber of Commerce Newly-Electe- d ! On Proposed Shopping Center Here Signers Say Plan Means Progress; 3 Points Cited In Keeping With City Master Plan In Opposition Editor Herald: jcant lots, homes, commercial To N8W Center for the or th uat ef nnt w f By HOWARD LUXENBERG jand the FwD would then NEW YORK (I'PII -F-rowns cred.t restrictions." chaneed w smiles on Wall' W"hi it was noted that Burns Street late this week following refra'.red from stating flatiy a comment from newlv ap-- j that the FED would ease tight Sun-Chipointed federal Reserve Board money. Saul Smerling of d Arthur F. Bums that he dard k Poor's said "the the Fed soon couid re-- 1 cation is he will do his best to e that conditions are eased as consider its tigfrt cred.t policy. " war-ensell ng for P","-Although The I PI Indicator, measuring purposes preuired the list all tx ks showed a loss early in the week. hu?e ad of 0 29 to traded, 96 81. while tie New vances Thursday and rnday enabled the market to finish York Stock Exchange Index rwasured a rise of 34 cents to mixed. impli-hope- . '' v;i if I m-H- I F. M. HAYCOCK ;'ur v JOE FULLERTON I $M t. d I. r- - . r I- Can-vo- .TT - " f - - P'0 cf i a I I anting Shopping Center Would 'Compound Existing Problem' for Residents Clylon Silver Chief Con Colo. Cons Comb Mrtilt Comet Coal Comitock Tunnel Com. Eureko 1.15 j 111714 17 37 75 .31 ;x s if sing .'Vi nd : ; V I 1t tion. It received the unanimous recommendation of the Provo City Planning Commission as acceptably meeting the recom mendations of the "Provo City Master Plan." It was further recommended for a zone change to allow the development of the commercial project In accord ance with ths Master Plan. Som? people have said that commercial development in a neighborhood depreciates near or adjacent property. This may, or may not be true, depending upon file development Wht Provo needs is attractive developments that compliment the and meet the neighborhoods needs of Its people. Unkept properties whether they be va- - -- j a u marker Quotations T FRED SCHWEXDIMAN PAUL REAM ex-ho- u m o i imi common ss - j the ,rf tl. n 1968-198- 5. - in average Trading stepped up on the ad- share priie. vance. Standard A Poor's Index of Bums statement to the Sen- - SOU Storks rainpH 0 57 tn 01 U ate Banking Committee, which ppw Jones industrial h of m se;erled bue term r(lse 3 ,7 n nomination for a Dj R,as m the Fed's top post, genera!l !ost (t 56 to 172 50, but utilities was construed as a sign frere picked i 02 to 1 77 soon may be some relaxation of 0f the 1.740 Uus erasing the squeeze on money, regards ,he ,;i)e 55, 743 as a primary factor in the pained 613 MW market's deep l:de in 1969. M.t 1(IVU 43 new h. Burns said that, because of Turnover expanded 10 67,2tt, inflation, present Fed policy is 793 shares from 56,954.350 shares probably sound, but that after the previous week, and enacts a tax reform parel with 66,205.770 shares bill and the President complete which changed hands during the his budget for fiscal 1971, the jear-agperiod, board should reconsider its po-- i Electronics and chemicals sition. generally scored fiood cams. in either direc-bouAnalysts said the lata re- - w "i'a ols stemmed from a combi-tion- nation of Burns' remarks, and Motors, steels and conglomer-th- e fact that prior to his state- - ates were narrowly irregular, ment the market was oversold So were most aircrafts. Raila, and ripe for an advance any- - airlines and gold mining shares way. pointed lower in most instances. Lucien Hooper, senior analyst Chrysler, the week's most for W. E. Hutton Brokerage, active stock, eased to 34 H said the comment by Burns on 959,200 shares. Heavily traimplies that if congress passes ded General Motors picked up tax bill that doesn't impair and less active Ford rose federal revenue too much he 1 approved r PP'e order-Hundre- 11 ei warehouses plan orderly properties, of! tract if thej ,.e not given prop- and development ... Frtit Provo City. Any organization r care and attention. Normal- ;ela u ? proposed com- the fw A nf -- n.1 !v. market values nf nrnnp-t- w mattPp in the mercial devdc-pmeri-t in do would to commercial areas, well lookis deavor, there Edgemont Community, at their past, examine their A story goes that a young man are three points that seem to nrMWtt rinHttitfl anil nlan fnw (TC pnnrnarht an tA ran--heavi!' a6ainst " ,0 said, Sir, I s thai he future. Cities are no 1. Any kind of a commercial an o!d re must You man. must plan for ception. They orderly growth and develop--' have seen a lot of changes in omiopment m the site proposHAR.MAN C STEED cu w of the community which day." The reply "It's ss'8"01' includes providing water sup- - true, and I ve been 'agin' every- - iuuc 01 us uiai live uwneu- lately north of it. Simply having Let s not viw sewer, and roads with as or ot tnem. to go by it and through tht at- this elderly gentleman easy flow of traffic and access Provo City needs orderly tendam traffic to and tr om wort as possible. Robert J. Weston, a national authority, says one growth and expansion to meet ouWl 1)6 aggravating, sPite of a!1 needs "good quality schools, a'tne needs cf its expanding pop-Pretty with ulation. We must convenient and encourage words in the proposal, center and access to new developments in business, gestions for community service 1- . recreational, medical and li- - industry, and education which facilities, etc., the only hard enhance our beautiful Ci!y proposal ano tht only one the brary facilities." of have bee"n developers are aura they will In order to facilitate iu I if tho development was contacted the " Edgemont. Eet built lv harmonious growth provo . Rock and Indian Hills made is a store of the super Ciy ofhcials have published "A1 We don't need it. nd Ne'ghborhoods overtype. the Master Plan" sugges ed for the finery lf Indian Hills needs one we Copies of this whelming majority s u p p o r t years aren't interested in furnishing jt. Master Plan and ay's plan are available in the Provo recommendation of the; 3- If the oweri of undeveloped Public Library. We quote from Wanning Commis real estate in the Edgemont page 37 of this Master Plan: I? ' "Rather than for commercial s'on 'Qr me commercial dceel- - community, and the promoters this site in Edge would simply accept the fact development to continue to!0?""1 mont- - (Note: Neighborhood con that we don' want a commer-tw- o out Canyon Road, along string I venienee itema onl.v such as cial development, perhaps the( shopping centers should to estate area in market the real sold. be Not to be DAVID SHURTUFF be developed containing ap groceries nf lanrf in competition with downtown would revert to a more normal nmirimatclv 10 development market and , tn each center. One of these Provo.) This plan would weea paicnes some 01 me 01 oase Frovo centers should be cated near the intersection of ty rather than have her resi- - that were mentioned at the Provo Canyon Road and Indian aems travel excess miles, even nearmg woum oe aeveiopea ior Hills Drive." This recommen- to neighboring communities, to the purpose they are best suit- homes ed dation was made after several meet their needs. Lionel Fairbanks In addition to the above it Furnished by Goodbody ami of num study including years seemed to me that at the hear Byron Ferguson utnpojiy. Member New per of residences, street pat Dr. Philip P. Taylor J N, ing, the only local residents I Vork Stock Exchange, terns, and needs of the neighCalvin N. Christensen that spoke in favor of the deve!-- : Universn Ave. borhoods. Renee C. Nelson opment were those from aev Two sites in this vicinity were Morris A. Brereton blocks away. eral SALT LAKE STOCK EXCHANGE previously presented to Provo James R. Winterton Maurice F. Baker M.D. IDAr, DECEMBER It, and Commission City Planning Bd 2890 N. 17S E. Neighborhood Residents were found unacceptable for one Binnr Aig )f r$ Provo Utah Provo, Utah riitol Silver M .21 Now anothor another. i rea Bullion Eio. m .70 Bullion Mon er site in this neighborhood 55 jo Clumoion Sliver .30 u was presented for consideraLet"s Herofd SUnrJQy Stock Mart Winds Up Week With Good Rally '4 I XL. ', 120 100 .20 .It .41 .15 .34 V - r ( A ' V II DR. R. WENDELL VANCE EDDIE NICHOLSON Cre. Gengeral Corp. 1 M i :s Point 1.05 125 tended use as quiet neighbor Crown Crotf Oil .27 24 ly ;33 .35 Why compound an old exist- -' nod streets. What would it be! Dragon .. East Utah 1.10 . after a shopping center Empire ing problem? The Community like few Mcawl. ttar is l .It 10 Bull .11 1 ot Tomorrow suDdivision was goes in? Our children would just Eureka , 11, tir wsiittat. Eureka Lilly 50 .60 Jt l I. 1 30 f 1.20 built essentially when that area! have to hang up their bicycles Eureka Std 62'4 t25 was in the county. Then, the and stay from the fronts of our Golconda Gold Chain 22 .26 Goodell Monorail .16 is roads were strictly for those homes, 21 Great Western .25 The parties proposing the Health Industries 4 371 people who lived in the neigh-- 1 425 4.50 550 The eight new members of the! are, Joe Fulkrton, superintend borhood. Now, with additional shopping center have made no Mammoth time for Christmas giving 3 3714 McMoran Exp. 3.12' Provo Chamber of commerce ent of prediction planning at 75 homes being built and the de-- ! positive statement about how Moviematlc 200 7 75 700 New Park Board of Directors will be in- Geneva You can Jepend en the Cvmlle Transistor to ketp kin w tint. velopment of Indian Hills sub-- j they would handle this problem New Quincy 10 .15 Steel; F. M. (Mac) 1.00 to in ceremonies which will stalled state the All the time. Becaue it depends on a reliable little transistor North and .17", Lilly these roads and except say city division, retired mana Sears Haycock, 20 .25 Park City Cons. and an ingenious bit of electronic circuitry. H has no mainspring, !be conducted at the Riverside would have to do Park streets are being used as .10 AT", Premier H. Nicholson, vice ger; watch. No contact points to wear out like an like a wind-u14 .It Cons. Country Club on Jan. 14, ac- president and manager, real ouchfares for access to these! something about it then. These Prince 1 12i 7.4J1.4 electric watch. It's the most reliable watch at the most attractive Rico Bill 5.12S Wotherspoon, estate 47S cording to areas. There has been very little 'people are hard put to keep Saoe Oil bj liltOVl price. $39.95 to $49.95. CARAVELU TRANSISTOR department. First Secur11 .14 Wines chamber manager. done to provide sidewalks or! things going the way thngs Sioun Paul Ream, owner of 200 So. Standard Bank; ity 4 75 4 25 Standard Metals The 351 ballots returned by Ream's Markets; widen streets in the area along stand now. battery . . . Never needs wieOktgt' D. David Operates on a single long-lif- t 7 in 7 Sundance The don't want this people .39 35 with the increase in population chamber members were count- - Shurtliff, manager, Granite Tintic Mineral Res Mcril Orders Promptly Filled 2 50 too Easy Terms shopping center. We are satis- Triton Corp. ed this week on the DHI Com- - Furniture Company; and auto traffic. Harman 42i 25 Tintic Standard fied with we have 00 now. 22 what 50 H loth Century If the proposed shopping cen- puting Service equipment as a r. Steed, vice president of 4171 4 37'4 n United Park City terf were to be built it would iWe can reach any point in 2 50 public service to the chamber Walker Bank and Trust Com- 100 Triton Corp. 22 00 50 a --amatie increase in vo within 10 minutes from here 20th Century and the community. Ipany; Fred A. Schwendiman 4 871 4.37'4 United Park City .17 14 The electe'. board members assistant vice president for busi this traffic through and around now and we like it that way. Utah Cons Jewelry, Optical and Knit Shop .80 75 the neighborhood. The streets! If in the future the area north Water Wonder ness at BYU and Dr. R. Wen 125 MO 4.75 373-- 5 1 9i (25 120 1 24 WEST CENTER PROVO are now used bevond their in--' ano east develops they could uuiiiittnn BasinEXCHANGE SALES dell Vance, physician and past So Std. 200 at I tS; 200 at l.tl. LAKE puna a snopping center nut' SALT Tin. Min Res. 500 at .38. a C. of C. presdent. dm in At ia on where it is already toned for Champion Silver 4uM at Hi sue at X. Tin. Std. 100 at t.50. Con 400 at 27'V it or expand the area that we Chief MUTUAL FUNDI Little Clayton Sil. 1300 'at 15. Bid Asked Con. 500 at .It Colo now have. Scholarships auJ grants 7. to . 721 Affiliated Fund .2400. at Croft itm $17,300 are now being disI. tl 157 . Don't let them compound our Comitock Tunnel 100 at .10. Divid. Snares ... 14 H 1183 25. 300 at Dreyfus Std. Eur. tributed by First Security 1137 10 40 problem for their personal gain. Gold Chain 1000 at .25; 1000 at 23. Eaton H. Bal ., 1S.7 14 42 Eaton H. Stk. .. Foundation to 17 Idaho and Goodell Monorail 3009 at .15. VVC-J- L Lon J. Wallace 12 31 11 21 ... Fidelity Cap Health Industries 3200 at 4 25. Utah colleges and universities i 174 too Fund 5800 288 N. 175 E. at Enterprise Ver-no- n McMoran Exp. 1000 at 112 4; Farm Orem State 11 agent II. 14 01 ana future 325. Fidelity Fund as well as to 17.07 Provo 14.777 Mammoth MS at I ta. Lttle was one of 40 in the Fidelity Trend Farmers clubs in the e repion to participate region. !in the first meeting oi me The announcement was made This announcement is neither an offer to sell nor a solicitation Quality Auto Saturday by Max C. Elliott, of an offer to buy any of these securities. The offering is made Agents SociVice President - Manager, who ety, an elite only by the offering Circular, said the grants include $1,500 group of State liin $200 in scholarships and Farm agents brary grants at Brigham Young who have esUniversity. tablished The grants bring to $247,800 for prothe total of scholarships and fitable quality grants which the First Security auto underdistributed has Foundation writing over a since its fout.ding 17 years ago Mr. Little period of in December of 1952. vears George S. Eccles, president; These agents were invited to Inc. of First Security Corporation,; the Mountain States Regional is president of the Foundation. Office In Greeley, Colo., to Other trusteet are Marriner S. meet with State Farm execu Escles. Willard L. Eccles, R. tives to research and report on ($1.00 Par Value) H. Burton, and Ralph J, Com- - problems facing the insurance industry and State Farm. slock, Jr. : "Ti& sfV-- Editor Herald: Provo Chamber to Install f - 8 New Directors Jan. 14 wmmii j If U ' wrasTDRzEs urn ...in 1 rs Bank Awards Meindsehnan's Pro-mea- 1 $17,300 for Scholarships Attends 1 . Greeley Meet 2 Duisre 1 4-- H Inter-mounta- in five-stat- l?Qdl jKtf- rec-cor- New Issue December 6, 1969 120,000 Shares Common Stock Rocky Mountain Research il!iii:l:!i!i:ilin:i::iiu:in The principal business of the Company is the manufacturing and marketing of designed, haruwood, entrance doors, carved by a computerized milling process developed by the Company and marketed nationally under the brand name . . . Crime reporter become) OMtrovernlal minister "Sculptured Wood Products" FULL IENOTH FEATURE one mirs WAY starrinf DON MURRAY DIANA HYIANO 111 nlr 3 rommerrlals tn 10S minute :K price $2.50 per share j Us Copies of the offering circular may be cbtained from the undersigned in any state in which the undersigned may lawfully offer these securities ipll 35 N. University Ave, Provo, Utah 84601 111 PH. CURITIES CORPORATION (801)375-257- 0 68 S. Main Street Salt lake City, Utah Ph- - (801)364-180- 3 I qijgwaoaiVfflig) Toll fret calls ttcti anywhere in Utah 1400-662-55- fA t s Santa is the spirit of the season. But he can't help you with the holiday expenses. We can. can ease A Commercial Credit Santa-Loa-n your mind and pay your bills. All of us run short of cash once in a while. Especially this time of year. hard. You deserve the holiday set-soWhy worry about the money. Enjoy it If you need cash, feel free to stop in and apply for a Santa-Loan- . Our loan managers have- - large laps and You work n. plenty of holiday spirit Try us for a loan. That's what we're here for. Asltommercia! Credit for a psrsoneS Eoan.. 283. N. University Avenue Credit life sal DistUlitj Inmruet ComutrdiJ Credit Phone: S73-68- 12 ATiAaU. to EUfflrie Bomwtn Pn, lacorp-- t |