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Show I I I (The U alfpHf TCllh Pae Thursday. December 34 14 Domestic Raw Steel Rises Sharply Again 1972 Business News Programs Anti-polluti- on I L. i , . Could Affect Economy - 'j - CLEVELAND Industry is being pushed headlong into crash spending programs for pollution control with only a vague conception of the overall economic impact, an industrial magazine has reported. Unreasonable HERBERT ARNOLD, manager of the newly opened General Finance office in Orem watches his clerk Terri Stewart, make an entry on the computer. The lending institution is the first such operation to open in Orem. Orem's First Finance Company Holds Opening General Finance, became the first financial institution Orem with Herbert named manager WASHINGTON this week in Orem particularly will find it consumer a convenience to deal with our to open in office rather than sending E. Arnold customers to another comof the munity," Mr. Arnold said recently. With his new assignment, Mr. Arnold returns to the state of his birth. He is a native of Salt Lake City, but he claims he was raised in the United States. His father served in the U.S. Navy and was subject to transfers from time to time. Most recently Mr. Arnold was a ribbon cutting ceremony of official the the start the marking manager of the General Finance branch in Beaumont, operation. It is the second office in Tex., a community near Utah County for General Houston. At the present, he is living Finance. The first to open locally is at 216 N. University Ave., with his parents in Granger and Provo. commutes between there and General Finance is in the Orem on a daily basis. Later in business of making loans for the month when his wife and son most worthwhile causes. arrive from Beaumont, they "We hope that the merchants will locate in Orem. demands, still moving, the magazine that sum of money, the explained. magazine reported. One environmental manager suggested that "we may find ourselves smothered by the impact of pollution abatement Corporate money managers are understandably squeamish about investing in expensive pollution abatement facilities. Still, industry has been committing its resources in ever-increasi- amounts. Where U.S. requiring too much too soon, may cripple industry's ability to industry was spending only $100 do an effective job of restoring million annually on pollution the environment in the long run, control in 1967 it is laying out the magazine for managers $4 9 billion this year for air and warned. water pollution control systems. Just trying to define the scope Spending for pollution control of its environmental cleanup job equipment represents a rising presents U.S. industry with a percentage of overall capital frustrating task, the magazine, investments, and no one has yet "Industry Week" pointed out. accurately determined where As technology is developed the spending curve will level off. and applied to meet existing The steel industry, for pollution control standards, new example, is staring at a $3.5 and more stringent regulations billion price tag for its 1972-76 are imposed. And what a environmental spending government agency says the law requirements. But or.ly under means today may be changed by the most optimistic and most a court interpretation set of circumstances unlikely tomorrow. In short, the target is will the industry be able to raise operation. The new finance house is located at 1437 S. State St., in a building facility that has been completely remodeled to meet the needs of the business. The grand opening took place Tuesday under the direction of the Chamber of Commerce with Bank Sets Retirement Honors for People - costs long before we're row. According to American Iron and Steel Institute, mills in this country produced 11,644.000 tons of steel during October. This was a gain of 732,000 tons over September, and the highest output figure since May. It also is a sharp gain over the 8.211,000 tons produced during October of 1971, when steel users were reducing stockpiles they had bought in anticipation of a possible steel strike which did not occur. Basic oxygen furnaces now account for about 56 per cent of ffigOGEffiSBD Tr -- lint-fre- e V SPANISH FORK without heat. Pate j i S CONSTRUCTION 3 Temperature Selections offer a choice of Regular, Low, and Fluff PS. EliS iSvV - H. STEWART COMMERCIAL fC - VIVIAN AlSI's steelmaking index, based on average 1967 product tion as 100, stood at 107.1 in October, 1972. This compares with an index of 104.4 for September and 100.4 for August NOW! YOUR CAN REALLY SAVE ON HUNDREDS OF APPLIANCES, TV AND STEREO ESPECIALLY FOR YOUR CHRISTMAS ENJOYMENT. GE's Exclusive for Wash Action washing 3 Wash and 2 Rinse Temperatures 3 Wash Cycles Normal, Permanent Press and Activated Soak Selection of 3 Water Levels im 813,-00- mm HEAVY DUTYw l Through tie first 10 months of this year, domestic steel 0 production had reached 109 tons. Of this total, basic oxvgen fum;ces accounted for tons. Open hearth 61,525,000 for this period was 28,output tons, while electric furnaces made 19,357,000 tons of the total. 931,000 ly Filter-Fl- o v remaining 2,084.000 tons. smothered from the effects of the nation's total steel pollution itself." The critical problem, from production. During October of industry's standpoint, is spen- this year, they poured 6,508,000 ding stockholders' dollars tons. Open hearths made without solid assurance that the 3,052,000 tons of the month's money is being invested wisely. total output, while electric For example, the new clean water law not only fails to Income provide relief from changing TAIPEI, Taiwan vl PI) n standards; it specifically be that standards average family in Taipei requires revised "from time to time" as earned about $178 (US) a new control technology is month in the first half of 1972, developed. Existing sources of an increase of about $40 over pollution must meet effluent 1969, according to city governstandards based on "best prac- ment statistics reported by the ticable control technology Central News Agency of China. currently available" by 1977 and The average Taipei family has "best available" technology by 5.34 members, of whom 1.49 are 1983. earners. 1 ! for the naces accounted Domestic raw steel output rose sharply in October for the third month in a ylk c'e Start Switch e'ec,'ons T'me(l Cycle of drying m'nof ,0 flrmanent Prcss wit'1 m8' Up I oo'" iLsaSuw MAX THOMAS - Two Machinery, secretary for the First National Bank and for the past 50 years she has worked for will be honored on their the First Security Bank of Utah. retirement with an Open House Active in the LDS Church, she to be held Friday, from 2 to 6 has served as a Sunday School p.m. in the lobby of the First teacher, YWMIA teacher and Security Bank, 99 North Main, counselor. Primary teacher and Spanish Fork. visiting teacher. Max Thomas is the son of the They will retire at the end of the year with 94 years of service late P.P. Thomas and Mima C. between them. Mr. Thomas has Thomas. He was born and had 44 years in the banking reared in Spanish Fork and business and Mrs. Stewart has graduated from Spanish Fork worked for the First Security High School. He received a B.S. Bank of Utah, N.A., for 50 Degree from Brigham Young years. University and a Masters Mrs. Stewart was born in Degree in Business AdministraBenjamin, Utah, a daughter of tion at Stanford University. Mr. Thomas married the Elijah D. and Lillie K. Hawkins. She was graduated from the former Verda Batchelor. They Brigham Young High School in are the parents of, Marilyn T. Provo and attended the Bullock, Gordon M. Thomas and Barbara Jean T. Kelley. University. She is married to Otto Stewart He was a member of the and they are the parents of, Kiwanis Club for 33 years and Lillie S. Chase, Walnut Creek, served as President of the Calif.; W. Clark Stewart, organization in Nephi and Spanish Fork and Millicent S. Spanish Fork. He is a member of the High Simmons, Buenos Aires, Priest Quorum of the Spanish Argentina. Professionally she has served Fork Second Ward. His hobbies as secretary for Judge Elias are cattle ranching, traveling Hansen, bookkeeper for the and music. He was a proficient Consolidated Wagon and trumpet player from his youth. Spanish Fork bankers, Max Thomas and Vivian H. Stewart 3 Fast, Fast Ice - WASHINGTON Total bank card credit outstanding for the third quarter of 1S72 totaled $4.8 a jump of $825 million billion over the previous quarter, an American Bankers Association official reports. Charles A. Elfrank, chairman of the ABA Charge Account Bankers Division, said retail sales volume for the period tallied $2.4 billion while cash The average retail sale was hiiSuiii mi No Defrosting Ever! 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Elfrank, who is also vice president of the Mercantile Trust Company, St. Louis, advance volume climbed to pointed out that nearly one third of all hank card usage is by the nearly $3 million. During the quarter, more than cardholder who uses it 1.5 billion sales slips were primarily for convenience and processed and more than 2.2 pays his bill without incurring million cash advances made. any finance charges. CUSTOMER CARE... T SERVICE EVERYWHERE AWLIAMCE 1 I 150 N. UNIVERSITY- PHONE 373-805- 0 provo ((Sy WW |