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Show "rUfiiil rammY Sunday Herala suotay, S 1, mo Pickefers Hit Utah 1 ID Dr. Jon Pulley Burns Takes Begins Practice Over as Railroads SALT LAKE CITY (UPI- )Picketers had closed off all Union Pacific facilities through out Utah and Idaho Saturday of a four- wake in the union strike against the Omaha-base-d I tHK 1 vV-- - f- - of the Cbristopher-so- n L. WEENIG, left, Travel Service, was honored this week with a travel agent production award presented by three officials of United Air Lines M. M. Davis, right, district saies manager; F. Jo owner-manag- Dale Peak, center, staff assistant; and assistant Manager Royden Reed (not shown). This was the only such award In the twMtate district. Rail Lockout Threatened Would Slow Down Economy "calami- - rail company before the strike was terminated Saturday by federal court action. The action is expected to be followed up at 8 tonight when fcie nation s 137 railroads close down in protest of the union strike against UP. Some 30 picketers were re n ported at Union Station in and an undetermined number of union sympathizers were on the walkways around the Salt Lake City station by 7 a.m. Saturday. A railroad official in Omaha said he has not yet been able to determine how many men Kie strike had affected in Utah and Idaho but the figure was ex pected to go into the thousands. The last train through Utah pulled into Salt Lake City at 6:30 a.m. from Los Angeles where craftsmen left the car rier and joined in the strike. The Denver and Rio Grande Railroad, which also serves fee Intermountain area, had said it would halt some 20 to 30 freight trains tonight if the unions and Union Pacific failed to come to terms. D&RG officials said it would be hard to determine just how rail many of me Denver-base- d road s employes would be affected since supervisory personnel would probably be kept on Og-de- nation- - of their states face a CHICAGO (UPI)--- A wide rail shutdown could put a tous situation" unless the iron deeo crimp in the national wheels keep turning. economy within a matter of In human terms, hundreds of who thousands of workers days. The full impact of the rail depend on commuter trains to the job. ciem to and from their jods The decision by the nation's atoppage scheduled for Saturfaced be not will personal crises. other 137 railroads to shut down day, night probably about by Saturday night was made by alone, felt until Monday,, when the In Chicago great bulk of the nation's work 140,000 persons who travel in the National Railroad Conferforce will be returning to their and out of the city daily on a ence as a whole. hat dozen lines would have to The cause of the strike rejobs. But there were immediate find other means of transporta volves around the industry's tion. This could mean 70,000 deadlocked negotiations with warnings Saturday, from indusadditional cars jamming alrea- four shopcraft unionsmachin of the states and cities tries, calamitous effects of a pro- dy overloaded expressways. ists, boilermakers, electrical ' The same problem faced workers and sheet metal work ? longed shutdown. hundreds of thousands of ers-o- ver work regulation The in commuters other great auto industry could be practicenters. cally paralyzed within a week, metropolitan of food and other STARTING YOUNG industry spokesmen said. Ge- Shortages A neral Motors the giant of the staples in the cities and RENO, Nev. (UH) wrote to Cham the were elsewhere another imme schoolgirl Industry and the world's largest diate concern. the ber- of Commerce for informa Chicago, manufacturing concern, said tion about this gambling city. nation's rail hub and depending that without rails "we definitely would be shut down within a on rails to move about 40 per She said: "I would like to cent of its freight, was know your population, and week." to be particularly please send me some poker lexpected Fears Spread chips." The steel and coal mining affected. Industries, also heavily dependent on rails, feared similar effects. Chemical concerns and agriculture were also sorely threatened. Secretary Transportation John A. Volpe warned, "We must be prepared for a sharp A Certificate of Merit has was made by John L. Spafford, change in our way of living if been awarded to William. J. of Houston, Texas, president of the rail system is to be shut Welsh Jr.. resident of the Cred ACB which is an international down for any length of time." it Bureau of Provo by Associat trade association serving more From lfew England, the six ed Credit Bureaus, Inc., for than 3,400 credit bureau and tat governors of the region services to the individual con- collection service members in tent a telegram to President sumer, the community and the the U.S., Canada and several Niwm warning that fee busi- credit industry. foreign countries. ness, Industry and agriculture Announcement of the award "The high standards of achievement established for this award recognize the excellent service provided by the INCOME TAX WORKSHOP i Credit Bureau of Provo," Spaf - - Credit Bureau President Gets Certificate of Merit (8 WEEK COURSE) - Dr. Jon Pulley, chiropractic physician, on Feb. Jst will assume his work as direcie' of Tooele Chiropractic Centre located at 22 West Vine Street in Tooele. Dr. Pulley is a native of American Fork. His parents, Mr. and Mrs. George H. Pulley reside here. He graduated from American Fork High School, attended Brigham Young Univer sity and the University of Mary, land prior to entering Palmer College of Chiropractic at Dav enport, la. He graduated cum laude last October. Dr. Pulley is a diplomat of the National Board of Chiropractic Examiners. He is a vet eran of ax years in the United States Aii Force. Active in the LDS Church and in civic and political affairs he is anticipat ing an active role in Tooele community activities. Accompanying Dr. Pulley to Tooele will be ha wife, the former Carol Mallet of Grants- ville, and their four children. AMERICAN FORK M. Arthur HL Burns was sworn In as the tenth chairman, of the Federal Reserve Board Satur day and pledged to "protect the integrity of Cie dollar and help foster a stable prosperity for our nation." President Nixon, who presid ed over the ceremonv in the East Room of the White House, jokingly told Burns when the audience applauded his new appointment: "That's a stand ing vote of appreciation In advance for lower interest rates and more money." Burns succeeds William Mc- Chesney Martin as head of the independent agency charged w'th managing monetary poli ciple to create an international organization for distribution of mutual funds throughout the world, excepting the United States, Canada and Japan. Announcing the venture were: Investors Diversified Services, Baa-que-- Banner Mno Bristol Silver Bullion Exp. Bullion Mon Ciiempion Silver Chief Con , Clayton Silver Colo. Cons, Comb. Meta-ltomstocK Tunnel Cons. Eureke cres. General Corp. Croff Oil Crown Point Dragon East Utah Empire Eureka Bull Eureka Lilly Eureka Lilly NO PREVIOUS EXPERIENCE HELD: CLASSES NEEDED Feb. 11 - April 1, 1970 DAYt Wednesday Evening TIME.- - 7iO0 to 8:30 P.M. 131 Jesse Knight Bldg. PLACE: (BYU Campus) $12.00 TUITION: INFORMATION FOR FURTHER Special Court CONTACT: and Conferences 14J Hrald R. Clerk Bldg., Brigham Young University Ext. 3556 Prove, Utah Phom 374-12- .70 jo 35 350 1.2s .15 .is , .... JWcMoran 75 32 1.25 .27 1.10 30 .95 ,15Vi .10 46 46 1.05 10.00 20 10 20 4.37Vi 4.12Vi 3.00 1.50 Eureka Standard Exj. Mammoth Moviemetlc New Park New Qulncy .... North Lilly Park City Cons. 8.50 .12 .95 .20 .07 .13 Park Premier .. Prince. Cons. .... 750 Rico Sage OH Sioux Mines So. Standard Standard Metals Sundance Tintic Mineral Res Tintic Standard : Triton Corp United Park City Utah Cons 4.50 .12 1.60 6.25 8.00 41 9.00 2.00 4.62Vi 15 .75 1.50 5.00 500 at earnings per share of 21 cents, or 9.1 per cent, was achieved for the year 1969 compared with 20.50 .28 .75 .43 .40 3.75 1.30 .20 .18 .90 .35 1.60 .30 1.25 .35 1.05 .17 ,li .47 .47 1.10 10.62Vi .22 .11 .22 4.62'A 4.25 4.00 1.75 9.00 .15 1.00 .22 .10 .16 8.00 5.00 .16 1.70 7.00 8.75 .43 .25 2.25 5.50 .18 .85 1.75 4.00 .42 100 at 9.00 Tin. Std Triton Corp. 100 at 8.00 MUTUAL FUNDS Enterprise Fund Union Pacific Corporation has announced that an increase in Fidelity Fund Trend .. Fidelity Financial Dynamic Financial Ventures Fletcher Fund ... Fletcher Cap. Fin Inv. Fundamental Mass Inv. Growth Mass. Inv Trust ., .tt . 3.33 , 11.28 . 9.29 12.74 7.56 . 10.46 14.22 22.18 . . 6.17 . 8.25 4.12VJ . . . 4.62'A 8.46 6.89 11.64 13.79 13.40 . 9.37 10.74 8.73 . Asked 7.22 3.65 12.36 10.15 13.95 8.26 11.43 15.54 24.24 6.75 8.75 4.6214 7.12'A 9.27 7.53 12.72 15.07 the year 1968. 1464 10.24 Net Income for 1969 on the ford said. 11.74 Wellington Fund 9.54 Mr. Welsh has been currently basis of generally accepted ac Windsor Fund . serving as president A the As- counting principles was $78,196,-00sociated or $3.70 per share, comCredit . Bureaus of Utah and on two regional and pared with $71,683,000, or $3.39 international committees of the per share during 1968. Gross BV United Press International Mutual international trade association. revenues and sales amounted NEW YORK (UPI) He was also called to Washing- to $680,362,000, an increase of Funds: 7.22 6.68 Affiliated Fund ton, D.C. to represent the credit $40,869,000 over 1968. 14.71 13.43 Fund of board Frank Bullock the Chairman the before bureau industry 6.07 5.55 Proxmire committee consider- E. Barnett, in announcing tie Channing Growth ing legislation relating to the higher earnings and revenues Fair Credit Reporting amend- said, "Our solid earnings gain ment to the Truth In Lending in the face of the pressures of Act. inflationary cost increases and The Credit Bureau of Provo a softening economy may be will now be considered for a attributed to both efficient perRegional Leadership Award to formance and effective market be made this spring. ing." i r i Advoncti 421 94 19- DUri kit ivfy" m 901 " 1 t Ss- 1 " "1 , ; 7 " I; mi SO -- I CHANGS I 3?f I ' ""VN . y. V - NEW YORK STOCK EXCHANGE - ( KIT C HANOI I -- AMERICAN STOCK EXCHANGE JAN. L. X.-- ,) t t Wall Street Roundup Dismal News Drives Stocks Down marks, Newton Zinder, analyst for E. F. Button & Co. Broker age, said he believed such talk was "falling on deaf ears" and more than anything else, 'causing more confusion" than "Traders were worried about anything else. the absence of the market's sustaining power." He pointed out that for two consecutive To sessions Thursday and Fri the market failed to car day ry tarough an initial advance. J. Austin Economist waiter Heller said SPANISH FORK the Federal Reserve Board has Cope, HI, Spanish Fork, has eased slightly its tight mone been appointed agent for "the al tary policies, but Alfred Eayes, Provo district office of the Insurance Co. president of the Federal Re serve Bank of New York, said Cope was born in Salt Lako that despite evidence of a slow- City and reared in Spanish down in the economy, it is still Fork. He graduated from Brig-hatoo early for any relaxation in Young University and ful Washington's war on inflation. filled a mission for the LDS Commenting on these re Church in Germany. down and as a result you have no basis for a sustained move on tiie upside." Pros Gordon noted that, possibly By HOWARD LUXENBERG UPI Business Writer NEW YORK (UPI- )pects of continued monetary re straint, big losses in top quality issues and lower corporate prof its drove stocks sharply lower this week in moderately active trading. "It was like a bad dream," one analyst remarked as the Dow Jones Industrial Average, the closely watched blue chip barometer, took its worst weekly pounding in six months and came within a whisker of touch ing a Nov. 26, 1963, closing of 743.52. For the week, the DJ was off 31.48 set- The New York Stock Ex change Index mirrored a drop of $2.39 in the average common share price to $47.54. Standard & Poor's Index of 500 stocks was off 4.05 to 85.02. Turnover expanded slightly to 55,344, 330 shares from 52,511,- 100 shares the previous week. But it was below the 59,606,988 shares which changed hands during the year ago period. Monte Gordon, a vice presi dent of Bache & Co, Brokerage, said, "You don't know the dimension of the business slow Cope Named Insurance Post - Pru-denti- m Stansbury Park Sales Booming Major Financial institution Now Hiring Experienced DIRECT LOAN MEN In the first two and a half months since opening, sales at Terracor's Stansbury Park project in Tooele County have totalled more than $2.8 million. Lonny E. Adams, vice president of Sales, said exact figures through Dec. 31, 1969, showed that 471 lots had been purchased for a total price of $2,806,410. Stansbury Park, the state's first "new town" development, is a planned community 25 miles west of Salt Lake City near Mills Junction in Tooele County. newly-appoint- ei Ter-rac- or Ag 2445 background loam, ale of in consumer contracts, etc minimum 14.22 13.95 12.52 3.65 10.15 15.54 8.46 4.06 9.15 9.27 4.44 9.95 13.95 11.46 3.33 9.29 Shower doors Tub enclosures Medicine cabinets Seamless flooring Accessorie Vanity cabinets Complete equipment and service to remodel your bathroom. Technical advice available. INQUIRIES GUARANTEED FUILY CONFIDENTIAL Write C. E. Williams, Vice Pres. P. O. Box 15498, So. Salt Lake Branch, Salt Lake City, Utah 84115 Phone days area cod 801 484-512area Night week-encode 801 iraeQFiraQ'GB. Here, then, Is the man of The Bankers Life, Provo Branch office, whoso concerned approach to his profession during 1969 earned a special If you want salute for outstanding performance. And a reminder! excellence in insurance service, get yourself a concerned Bankerslifeman. SALT LAKE CITY AGENCY OFFICE William G. Dokos, BUILDING N- - AND TECHNICAL ADVICE AVAILABLE 444 S. State Street J THE BANKERS LIFE (ID Top of tho Hill, South Orftm No Parking Motor TERMS Agency Manager Phone: 363-39- 4 SPECIALTIES Complete Household Replacement Hardware ?"' CLU, 1698 S. Stats rsrsi BANKERS LIFE COMPANY yrr credit, Relocate expenses paid, plus profit share, retirement, insurance, all major fringe benefits. Position now open in 14 states. Perhaps the one word which best describes the life insurance agent who stands out above the crowd is "concerned". He is concerned, to an intense degree, with the needs of the people he serves.. This concern leads him to dedicate extra time and energy in becoming acquainted with Individual problems.. He never forgets that life insurance Is a areas of deep significance to the client. At personal subject-touch- ing a consequence, he Is never "too busy" to explain, to clarify, to simplify. Illuminated ceiling systems 1 OPEN HIGH SALARY Mutual Funds Concord Fund Delaware Mutual Div Shs Eaton & Hwd Bal Fidelity Fund Fundamental Inv Hamilton HDA Investors Mutual .A COMBINATION CHART indicates daily stock closing indexes over period of month. UPI Indicator is based on net percentage change of all issues traded of the 1675 stocks listed on the Big Board. NYSE Index is based on comma shares weighted by number of listed shares of each stock, and is expressed in dollars and cents. ASE Index is based on net change of all ASE stocks and warrants, divided by number of issue tradesd, and it also Telephoto.) expressed in dollars and cents, (Herad-UP- I GLEN E. BERGI Vt- - i I MODEL YOUR BATHROOM MOW ' -j "MrT IMnirATDP not 0- 1 a . IT""""" 1 few 0.85 it Bid Earnings Up r "i ""T - to 744.08, the sharpest Water Wonder. Williston Basin back since the week ended July SALT LAKE EXCHANGE SALES Banner Mng. 300 at 20.00; 200 at 20.0716 11, 1969, when dropped 33.87 Bullion Mon. 1000 at .43 to 852.25. Clayton Sil. 200 at 1,25 The UPI Market Indicator, Comb. Metals 3000 at .1 Comet 3000 at .34 measuring all stocks traded, Croff 1000 at .28 Eur. Lilly 500 at .47 plunged 3.40 to 91.11. Among 1,- Eur. Std. 100 at 1.10 736 issues traded, declines out-Goodell Monorail 2000 at Ms 500 at .12 Gt. Western 3000 at .20 scored advances, 1,413 to 195. Health Industries 700 at 4.50; 100 at 4.37'A McMoran Exp. 900 at 4.25; 500 at 4.12'! There were 438 new 1969 - 70 So. Std. 100 at 1.60 lows set, 14 new highs. Tin. Min. Res. 500 at .41; 200 at .40; Affile ted Fund Dlvid. Shares . Dreyfus Union Pacific i ' KIT CMANOE 124 Asked jo I25 et Warburg-Brincfcman- v " 26 Market Quotations Golconda Gold Chain des Pays-Ba- s Paris Goodell MonoraH Paris, France; Banca Com-mercia- le Great Western Italiana Holding of Health Industries Luxembourg; Sal.. Oppenheim jr. & Cie. of Cologne, Germany; C. G. 'irinkaus of Dusseldorf, Germany; and M. M. Wirtz & Co. of Hamburg, Germany. The three German banks had previously formed a partnership for investment counseling and1 sale of funds called "AAD," which will join the new organization. According to the agreement, an international holding company, to be called "IDS International," will be formed in Luxembourg to hold stock of various operating subsidiaries. IDS will have a 40 per cent interest in the holding company. The French bank and the Italian holding company each will own 20 per cent, and the three German banks will share ownership of fee remaining 20 per cent. i " cy. 0, Do. tt. Yourself end Save f 96-- SALT LAKE STOCK EXCHANGE FRIO AY, JANUARY 30, 1970 The largest mutual fund management and distributing com pany in the United States and five of Europe's leading banks have announced they have reached an agreement in prin- of 8 Furnished by Goodbody and Company. Member New York Stock Exchange, 43 N. University Ave. Plan Mapped - "j i ioo (UP!) --Dr. WASHINGTON f hoA- FRB Chief Internationa! Mutual Fund Inc. (IDS) of Minneapolis; ar DES MOINES, IOWA |