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Show Wednesday, April 26, 1972 Butch Cassidy Honda Livery Now Open 21 Page Butch Cassidy's Honda Livery held its grand opening this week at the site of the new cycle agency's store, 1212 N. State St., Orem with the help of the Chamber of Commerce. Business News The new Honda agency is owned by a partnership, Chuck Pitts and Bernie Middleton. Their operation is staffed by two Stock Split and Dividend full time factory trained mechanics, Karl Peck and Dewane Ferrin. Mr. Pitts was recently associated with American Honda, Huntington Beach, Calif., the distributor of Honda products in the Western States. He Ls abo of the Utah Motorcycle Dealers Assn. Commenting on his location and pLrj for the- future, Mr. Voted at Annual Meeting - A SALT LAKE CITY stock split and a semiannual div"dend of 44 cents was 1 two-foro- '. announced at the annual meeting of stockholders of the First Security' Corporation in Nonferrous Industry Up Slightly - financial vice executive Bourke, president, First Security Bank of NEW YORK Idaho, Boise, Idaho. George S. Ecdes, president and chief executive officer of the firm, told stockholders that The bank executive also net unaudited before income operating securities transactions of $3,593,641, or $1.40 per share for the first quarter of 1972. This is an increase of more than V million dollars or 8.1 per cent over the corresponding period one year ago. The corporation board of directors voted a imstock split effective mediately. Directors then voted a four per cent increase of six cents in the annual dividend, which is the maximum permissible under the Phase II program. The annual dividend, after the stock split, is now on an annual basis of 88 cents per share. The board declared a dividend of 44 cents to be share paid June 12, 1972 per to stockholders of record May 26, 1972. A dividend of $1.57 per share on cumulative convertible preferred series "A" stock will be payable July 15, 1972 to stockholders of record July 1, reported two-for-o- semi-annu- 1972. reelected the Directors following officers of First Security Corporation: Marriner S. Eccles, chairman of the board; George S. Eccles, president and chief executive officer; Willard L. Eccles, vice president and secretary; Dr. EIRoy Nelson, vice president Shipping Costs on The Rise - CLEVELAND Rising distribution costs continue to be for a problem major manufacturers in their battle to control expenses and improve profits, a business magazine has reported. Phase 2 has brought some to the but no halt slewing upward trend, manufacturers told "Industry Week." Distribution costs are rising faster than any others except labor, a Pittsburgh company president said. The big culprit is transportation, where labor wage gains translate quickly into higher freight rates, although warehousing and other facets of distribution also are contributing to the increase. Distribution costs are a bigger problem for some firms than for others because of the variation in the kind and size of products they make, "Industry Week" pointed out. Rising distribution costs are said to be putting small manufacturers in a real squeeze. A maker of pharmaceutical bottles which ships entirely by truck mostly in smali lots says that its transportation costs have tripled in ten years and that the rate of increase has been greatest in the last few years. forest products its distribution reports producer costs generally rose at an 8 to 10 percent clip last year and are expected to continue upward this year. The company already has had to absorb some of the higher costs. A West Coast With the economy picking up, however, manufacturers are becoming more able again to pass rising costs on to consumers and to discourage or moves refuse small orders they didn't dare make during the recession, "Industry Week" said. To encourage customers to help hold down shipping costs', one company is urging buyers tc order in larger quantities. - CHUCK PITTS and BERNIE MIDDLETON. Salt Lake this week. The shareholders also elected two new members of the board of directors, M?rvin Jeremy Ashton, a member of the Council of the Twelve, Church of Jesus Christ of Latter-da- y Saints, Salt Lake City; and Thomas G. earnings for 1971 amounted to $j.25 per common share, compared with $4.51 per share in 1970, an increase of $1,815,289, or 15.6 per cent for the year. Earnings for both years is after providing for dividends on preferred stock, Mr. Eccles noted. - Pitts stated, "Nobody made us opened, but could cot arrange come here, we wanted to. We're for coiistructicr. with one of the real enthusiastic about the local contractors in time. Plans now read for the building to be growth potential of Orem." He indicated that the Orem erected before fall sets in. area had been an open area for some tine on the dealership maps of the distributor. With an Toy safety idea he could make a go of it, he A WASHINGTON (UPI) contacted his longtime friend Food and Drug Administration Bernie Middleton to see if he was would require interested in joining him in the (FDA) proposal ill operated toy electrically venture. sewing machines to be designed Mr. Middleton is from Boise, in a way to eliminate the Idaho. After studying at the possibility of a child's finger University of Nebraska, he being pierced by a needle. worked with the Olin Matheson Aiiother proposal on the toy Company for four years. safety front: play pots and pans The Butch Cassidy Honda and containers for holding hot Livery will soon have a new liquids must be designed to building. The partners wanted prevent accidental spillage and to have it built before they must have insulated handles. MARVIN J. ASHTON Thomas F. president and treasurer, and vice presidents, Ralph J. Comstock Jr., president, First Security Bank of Idaho, NA.; Harold J. Steele, president, First Security Bank of Utah, NA and Spencer F. vice executive Eccles, and economist, Hawkes, vice president, First Security Company. The combined resources of First Security Corporation banks and subsidiaries on March to 1972 amounted 31, $1,263,543,092, compared with $1,145,690,192, one year ago, a 10.3 per cent increase. Total deposits of Corporation affiliate banks at the end of March were $1,028,299,948. a 10.7 per cent THOMAS G. BOURKE increase from the $928,579,850 reported on March 31, 1971. Commenting on the nation's economic situation, Mr. Eccles said the management of First Security overall expects 1972 to be a year of solid economic progress by traditional standards. However, he noted, being an election year, we will probably see offered many simple remedies in political rhetoric for the solution of inflation, unemployment, and correction of the dollar problem. If we have learned anything at all about the economy in the last several years, it is that there are no easy, simple solutions to the present United States economic and social problems. Of em Firm Will Help Develop Idaho Mall Ralph O. Brown, president of Treasure Valley Corporation, Orem, has announced the signing of s contract between his company and the Riverside Development Corporation, for the development of a shopping center in Blackfoot, Idaho. " The shopping center will be known as the Riverside Plaza and will be located on Idaho State Highway 26, near the junction of Interstate 15. Mr. Brown, a prominent businessman in Orem, and partner in the University Mall development, reported that his company has completed its study and preliminary planning and that the leasing program is already well underway. Studies conducted on market needs of the area have brought about the planning of a modern retail facility of about 140,000 square feet. There will be 25 stores in the development including a department store, super market, super drug and many other stores and shops. Mr. Brown noted that there are approximately 30,000 people in the greater Blackfoot trade area having a 1970 buying income of over 82 million dollars, The Riverside Plaza is the first new retail development in Bingham County in many years and will be the area's first center. modern shopping Located on the western edge of the City of Blackfoot in the geographic cefiter of the county administration, medical n nyn n U ) L,JL l LM1W UFA mm cm ar al and the trade area, it will have excellent access via Interstate 15 and U.S. Highway 26. Blackfoot is the natural center for business, governmental serv- As the ices and recreation. A analysis conducted recently on the nonferrous industry for 1971 r- -i concluded tret there were more gains than losses. The study was conducted by a team of analysts from Iron Age and covers 23 magazine American and Canadian com panies engaged in mining and production of aluminum, copper, lead, nickel and zinc. Iron Age says that 20 of the companies saw net earnings plunge to their lowest levels in years. And two of these, both copper companies, ended up in the red. Only three companies were able to report gains for the year. All metals and all companies generally were hit by the very sluggish business conditions both in the U.S. and abroad. Some were hit harder than others. As if general business con ditions weren't bad enough, special problems hit some of the metals and some of the com panies, Iron Age noted. Copper companies, for example, had a mid-yestrike. And the copper companies operating in Chile had their facilities expropriated without compensation. Here's a metal-by-metreview and forecast: ALUMINUM: What some in the aluminum industry had been for years and warning al-oothers brushed off as not significant hit with a force that is still making the companies gasp. LEAD-ZINOf all the non- ferrous metals, zinc had the best performance last year. major trade area, it is important for the market. It has always been known as a good town for the retailing business. It attracts nearly all of the people of Bingham County and many customers from the rural counties of Butte and Custer to ut COPPER: Compared to the aluminum industry, most of the copper companies turned in earnings that weren't too bad. But compared with what they did in the past, the dropoff in the west. The population, income and profits were substantial. economic stability of the BlackWorried About foot trade area justify the Riverside. of the construction Plaza. The location of the proposed center is ideal in terms Coming Loose? of existing population patterns Afraid false teeth will drop at the wrong time? A denture adhesive can and access routes. Powder gives help. FASTEFTH Mr. Brown remarked that it is dentures a longer, firmer, steadier a pleasure for their company to hold. Why be embarrassed? For more and comfort, use FASdevelop this fine retail facility security TEFTH Denture Powder. for Blackfoot and Bingham Dentures that fit Adhesive are essential to D) FALSE TEETH County. health. See your dentist regularly, finest Bourbon since 1795. The worlds Generation gap? We never heard of it. Beverage Co. 10$ off on IMalSey's Earnings Up - Dr. Pepper, DALLAS, Tex. Dallas, Texas, showed an increase in earnings for the first quarter of some 20 percent over the earnings recorded in the same period last year. The earnings reported this year amount to $1,466,335, which represents 16 cents per share as compared with $1,220,480 and 13 cents per share earned in the first quarter of 1971. Net sales in the period were also better than 20 per cent ahead of last year at $15,760,102 compared with $13,118,150 in the same period in 1971. National gallonage volume kept pace with a first quarter gain of more than 15 per cent over the same three months last year. March closed out the quarter with an increase of better than 15 per cent over the same month last year to become the company's 131st consecutive pk III Willi11 ,,, Company officials H,S. I ini Our real Maple flavor makes Nalley's Lumberjack Syrup the perfect topper for pancakes, waffles, French toast, corn fritters, just about anything. And we're offering 100 off hoping you'll try Lumberjack Syrup next time you have pancakes, waffles, French toast, corn fritters, or, just about anything. NlP Nalley's: the good food fanatics. Sill AfM . -- i !0t OFF S s, 'ft o n II COUPON This coupon good on any size bottle of Nalley's Lumberjack Syrup. When terms of offer have been complied with, coupon will be redeemed for face value plus 3f handling. Any other application constitutes fraud. Invoice proving purchase of sufficient stock to cover coupons presented for redemption must be shown on request. Customer must pay sales tax. Special offer good only in U.S.A. Void if taxed, restricted or forbidden by law. Mail coupons to Nalley's Fine Foods, P.O. Box 321, Glendale, California 91209. This coupon is TO THE DEALER: JTj IraimffsrsBiiocraox monthly gain. BiUingsley, chairman of the board, and W. W. Clements, president and chief executive officer, agreed that progress in the first quarter was very close to target objectives set earlier. They said indications continue favorable that the company will have another good year in 1972. 1 Lumberjack syrup. WllyHT'SIMItH! IWtIM 86 PROOF THE i j WMISMT KENTUCKY STRAIGHT JAMES B. BEAM Orson Welles and his daughter Rebecca are both performers. Different generations. But with the same love for their craft. The Beams too have a craft the distilling of Kentucky Bourbon. And for 6 generations, sons have followed fathers with a love for that craft. The result is a proud Bourbon. Smooth, light, mellow. The world's finest since 1795. 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