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Show Page 22-T- HERALD, Provo, Utah, Thursday, August 8, HE 1974 Penny Ills Curable Says Bank Highlnterest U.S. Bonds Selling Well around the country, investors By GENE CARLSON lined up before opening, hoping United Press International g to buy one of the investors by Bargain-hungrsecurities. the thousands, including many banks and Commercial d elderly citizens clutching houses also reported brokerage savings, besieged banks booming business. "You could and brokers for the second day give away free beer and not have Wednesday with orders for a this kind of response," said one 9 government note bearing a per San Diego banker. cent record interest rate for this The focus of all this interest century. sale of was a three-daAt federal reserve banks y hard-earne- y New Car Sales Drag Into Record Slump - After the Arab oil embargo hit and safe began skidding statisticians Detroit, many Americans sharply, industry sales figures a now comparing that began convinced been haven't little differently. They still is the time to buy a new car. The domestic industry has just compared the selling priods with turned in its worst firsthalf sales records of the previous year an but performance in 12 years with unfavorable comparison each period also compared better. not much they doing imports An energy shortage, inflation with the one preceding it, hoping and fears of a recession to show that a sales boomlet was to make many beginning. combined Americans decide to get a few the long winter Through more miles out-o- f the cars they months, with 20 DETROIT ( UPI ) Despite all from the rosy predictions ' straight own. When periods in which sales failed the new 1974 models were coming out last fall, predictions were for an car year, including imports, in 1974. By December, after two months of the Arab oil embargo, that was scaled down million cars and to 10 million-10.- match the year-agperformance, auto public to by May, Ford Chairman Henry Ford II said 9.7 million was more realistic. Now, say industry analysts, 9.5 million cars is the most probable figure. That would still be tied with 1968 and 1969 as the fourth best year in the industry's an industry where staying the same is almost like moving backward, a sales year is akin to a in But near-disaste- r. short-suppl- of the completely strength Mustang II, but redesigned almost doubled their share of the U.S. market to 6.7 per cent. Ford The subcompacts ' Pinto, Chevrolet Vega and AMC Gremlin-tha- t couldn't be built fast enough in the early days of the energy crisis showed a sales downturn for the first six months of 1974. Up 21 per cent in November and December and plus 8 per cent in January and ' slowdown. In an optimistic forecast in September, General Motors Chairman Richard C. Gersten- car berg forecast AN year in 1974. It would be the second highest figure in history and Gerstenberg said the major factor that would affect reaching this goal might be labor problems. February. Wednesday's dosing Prices By Ulited Press International AotntUti Panamair3'i Penncentrl'' Freptm22'i Fruehuf2014 Genatr39'4 AlcanalDOH Penney 66'4 Pennpll774 GncatM1 - AllegcpSAlliedchdO Gndynam21H Gnefcc46V Gnfood22'4 Gnmot46't Gen port 7'4 GTEffl'j Gapac33 Gillette 274 AlUscha8H Alooa49S ArreaS7 Amhes Vk Am airlines 7 y AbrandSH Am can 264 A cyan 18 V AmstndlHi a AMT&T43' GryyMUH AnrinM5 AnaconH1 Gulf oil RepsU244 Reyind46 HornsUteS'. Ashloil20 Atlnchf89' HoriywIK't Houslp22H Avoooorp5 IdahopSH Basicin7V Bedcmn27 V Bendix27 Beth steel 3H Bobbie ReymetM't Robrtsnl64 ' brta2H cl8H 264 Ronson64 Ronson64 StregisM4 Sears fcS3 Shelloil43'4 Sirnhscol44 ' BorgwW1 Jonesll Souhcol2 Brismy47S Bnrewi ll'i Sopacif31 Sp rand 34'. Burrghs Kaiser alul8'j Kennecot36 Kerrmc62' CanpacM't Koppertt'j CatertrS7 CBS38'4 (Manse 32 Oerrocorp MP Chess 474 KrafteoKH Uhvalindl'u LiggmyB Stokelyvnl54 Lockheed. " '. Studew244 Sunshine 15l Chryslr 15' Qtsrv40 LtvcorpKrS UikensU24l4 CbcaeolBSH Magnv4'4 Tenecom ColgasWV .bral34'i Com9olv284 Marconnc26' Marshfl8'4 McdondttS MGM 14'i N&tsoull4 Motilol41 Texacoinc25l4 Texinstr84 Cbned8't Cbrtlairln6H Qican23S OntloilM'i GnpinSOU Cpciniltf1 Tcfx6'4 Mutoroia'4 CydopsaH'4 Msttell8 Dartinl9i Nabisco28'i Nat can 74 Natl distil 13' Ml gyp 104 Disneyw1 Dowchlff1 Draw3S'4 DiapontlH DuqpellS Eastern air 6 East ko 93 pas co 114 NatteelK NCRep31 NjagmoS'-M mdust 14 i . NorfolltwsS?1 EHracp22' Entexin Wi Nontgs484 &rrarkH Northrp23 Nwstairl20H NwbanJi Ethyl c 26 Evanspd6'4 Exxon 78'i Fansteel 11 find fed 7'4 Firestone 15H FMCcpU Foodfar5' Fordmo45 Transanal Tricon 19' Mow fuel M34 Nostpwls- - aincpl7 OtiseJe2 0utbrJrni7'4 Owncf414 Owenill364 Pacpwrl7H DENVER (UPI I Livestock: Hogs 100. Barrows and gilts, higher. U.S. 34 33 50. Sows steady. 00; flrnkn27'-- Nfctipw22,4 , 23 5026 50. 4 Live Ualinc3D' Uxarb43'. Dndecll'i Unocal g Denver Livestock 1exgulf29a Textron 174 Tanswair8'. 384 Uiroyal 7S lAdaircrf27 IW brands 5'. Lncorp6H USgypU lteteel46,'t LhitelU Uahpl26'4 t'vindust224 2t Walgreen Wash w 174 Wsbancl74 WunionU WtstgelU4 WWpittstl204 Wntmotl24 WoolwhD4 Xerox cp 974 Yngstdrl2'4 Zenthr20 Mt m" 1 arms HllinTt BUFFALO 150.00 AH Percussion rifle 58 Cal. Walnut finished, hand checkered, brass furniture. Fixed sights. .58 navy arms reg. 145.00 CAL MISSISSIPPI RIFLE The historic percussion lock weapon that gained its name as a result of its performance in the hands of Jefferson Davis' Mississippi Regiment during the heroic stand at the battle of Buena Vista. Walnut finish stock, brass mounted 111 "141 )5 1 nainut n IIJTI HPtf KttJTIIPtfV tiflvv armc 165.00 REG. llki1 1 wv, 1 1 Lm fn II siamea, crass linings, m tauoer, A MM 1 A I" Ml II Din kvuiif F 14,1 I I I II Darren, nxea signis. .1 0 PLUS 9 POWDER POWDER FLASKS HORNS Genuine hand carved horn with carved and stopper. - powder wooden cap H . SOLVENT For lubricating bullets and patches. Specifically developed as a bullet lubricant for the maxi-baand has been successful for lubrication of copies originals designed to throw proper charge for each pistol Copper body this new bullet with brass fittings. 1 59 995 of Exact .36 - the American powder solvent and patch lubricant It lubricates as it cleans fouling from the bore and protects against 950 44 Cal. 1395 .58 Cal. HAWKEN MEASURE Press International By United Affiliated 5.94 6.42 Fund 6 26 5.71 Anchor Fund Inv 10.12 11 08 Bullock Fund 2 80 3.07 Bullock Div Shares 3.74 4.09 Channing Growth Fund Concord 7.68 7.68 7 93 8 67 Delaware Mutual Eaton Howard Bal 7.56 8 26 12 30 13.44 Fund Fidelity 3 36 3.67 Hamilton Hda IDA Growth 4.33 3 83 4.21 IDS New Dimension Wellington Wisconsin 15 15 .... 14.99 Minnie Ball Moulds 45 thru 58 CaL 45 i 50 Cal. BULLET STARTER properly patched round bal requires the use of a bullet starter. The purpose ot thn implement is te start a hjlrt fittmj bal into the muzzle and to drive it far enough doim the barrel so that rl can be handed nth a ramrod. 8 90 9 73 7.79 8 52 5 22 9 45 8.75 Invest 6 31 Fund 4 44 5.72 solid BARREL & STOCK . If 9 56 6 90 3 85 00 Cattle - CHICAGO Live cattle and (UPI) frozen pork bellies: Open High Low Latest Sales Live Cattle Aug 5025 5050 4980 4995 1.007 Oct 5080 51 15 5065 5080 2.025 Dec 4935 4945 4890 4920 1.197 Feb 48 35 48.50 48 06 4845 490 Fraxra Pork Bel lies July 6075 60 75 60 30 6050 5 Aug 5365 5390 53 30 53 70 114 Feb 6025 6040 59 75 60 00 328 Cheese Market CHICAGO (UPIl heese: five lb processed loaf 7625-875muenster 79 50. Cheddar single daisies 8350-900; 40 lb. blocks 7925-8bighorns 83 00. Swiss blocks lb grade a 102 00; grade b 99 50. -C- PORTLAND. Ore. (UPI) - conventional toodnmrod, not shatter or split, nor dampness cause men to swell and jam m the thanUes. f nt 3 00 99 djPW,- BLACK I POWDER BLACK SOLVENT POWDER 'imp Water soluble, detergent cleaner. Safe to use on any collector's item. 1 49 i HODGON BORE IC77 effectively tssohes Mack ponder residue. Easily rust. Loosens removes metal fouling and leaves the bore bright and dean. ' tbej mm F.FF.FFF, FFFF, FF, 1 289 Lb. Can FFF, 5 Lb. Can 1095 LEAD BALLS (l'SI)Al-Livest- ock: Cattle and calves for Tuesday Slaughter cows steady, utility 21 buils cuter lb 219 114 75. 219 25 calves few choice steers 30O400 lb 32 5033 00; choice heifers lb 30 00; feeder standard good holstein steers 800.1050 lb 26 75 Joliet Livestock JOUCT.DI a-k: Calile 2,400; trade moderately active; steers and heifers 150-- 00 higher; high choice and prime steers 50 00 51 00; choice 48005075; mixed good and choice 4500-400; high choice and prime heifers 47 50. choice heifers 45 8 50; mixed good and choice 43 Hogs 1,200. trade active, barrows and gilts 25 to mostly 50 higher than early Tuesday, no. lb 3B 50. no 200240 lb .37 00; no. lb Thursday's 1.000 trigs 4 v 00 Portland Livestock indestructible, these Fiberglass rods Md up the hardest ne. Unfte woods, easy to use. Dipper with cast iron head holds just the rif nt amount of metal Spout is shaped for easy, accurate pouring that prevents air pockets in the finished bullet 00 Rifle the Everything you need for finishing or restoring your guns. Excellent for all 1" MEASURE under KIT FINISHING 36 10 4 Almost 169 Measure DIPPER A 37 9,00 5.77 6.27 4 95 541 Pistol LEAD 47 16 8 5.99 , RAM ROD musorts quickly RIFLE Moulds Maxi-Ba- 2.63 2 86 7.56 8 22 Investors Mutual Investors Stocks Invest Select Inv Var Pay Life Ins Inv Mass Inv Growth Prudential Sys Inv United Accumulated United Income Fund Wellington 0,99 .23 thru .490 Cal i Progressive bullet brass FIBERGLASS tdjust to the required increments for rifle or pistol Measures are accurate ant! smpte to operate. Positive snap mj "dinks ofT eacn increment tf adjustment and holds cavity at desired vokm. rtncfl moulds are strong, lightweight, cool and easy to handle. Mould blocks for hundreds of different bullets are available Round Ball Moulds ' Mutual Funds solid Compxt BALL MOULDS .1 ; especially for black powder shooters. Hoppe's Plus 9 is a black Made BLACK POWDER These IDS I BLACK BRASS Livestock, Produce Txplt21S Mortdka Walnut finish, brass patch box and butt plate. 58 CaL barrelL Also available in Sm Pistol TeledyneM Teleprornp27 Nfcnsan&lSi Crwnd314 Gitisswa 19 cost-cuttin- Stbmd504 Stdoilcal264 Stdoind864 Stolon 454 tjttruneS CbrnmsatZPi The two keys to stealing are opportunity and inclination, and times like these do affect that inclination, tne magazine was told. Money problems, fears that will company eliminate jobs, and other factors all combined to make some employees more included to steal. Srnithkline46 ' Scaled 18' 4 Borden 19'i OnwedZ'i five years. SaggcolO't InUpapSO lntT4T20'4 Johnmvl8'4 Boeing increase in losses "reasonably under control," but only by boosting its security costs by 30 per cent in the last the RoyWM4 Safewy364 Stjominrl374 Idealbasicl5'4 niceninl5' rNGRnd76s4 BMcorp 2144 Inharv23a4 Intnckl28'4 171. ZOUAVE PERCUSSION RIFLE 140.00 127 el barrel, coi type main spring. Aifi' X 1 REG. cents. corpus Rockwell design with ooe lock, trigger and hammer. .45 or .50 CaL Features solid brass furniture, double set triggers, button rifled 175 )) Ra brass ftttinfs set oft fore-en- d, this rifle. Percussion y Inflation has given employees more financial problems today than they've had in years, and some of them see stealing as part of a solution to these problems, the security director of a major manufacturer of clothing commented. His firm has held Rathon ArmsckB'i 14 Ppgind244 Prog4g96l4 Pus col 12 RCA walnut stock and Black I Ralston 37'--. Arrneos23' ArizpsM'i hwi Phlipmo50"4 Philpet47,'4 Polaroid 294 Pullman) 20' leinzh4214 Hoff electn5 HdDisu20 Ml PepsicoMV PfiaerinSO Gccdyrtir 16 Grant w5' Gtnnek48x4 west un 8 ArrmotfrH Amsmlt20H Babi-w- l PHmzoil 194 Goodrich 195.00 REG. o Closinq Stocks AdmllisdV AircancuV one-ye- ar Little DETROIT (UPI) American Motors Corp., in sharp Theft and dishonesty by contrast to its "Big Three" employees in industry are being Wednesday competitors, spurred by accelerated inflation, reported its highest quarterly decreasing disposable income, and growing "gray markets" for profits ever. The smallest of the major U.S. industrial many auto manufacturers reportproducts, Industry Week ed April-Jun- e of $19 profits magazine warned. 12.4 per cent from a In some firms, losses have million, up ago. year nearly doubled in the last year AMC Chairman Roy D. Chapin despite increased security Jr. said the higher profits for the for measures, the magazine which specializes in company managers said. small cars came despite the Direct losses aren't the only inability to fully recover higher problem. Several manufacturers costs through price hikes. Since and distributors of scarce the 1974 models were introduced products like plastics and metals last September, AMC has express increased concern that increased prices an average of employees at all levels are the lowest of any $357, accepting bribes and gifts to automaker. increase customer allocations of Earnings in the third quarter scarce products. were based on sales of $581 While few managers will admit million. AMC begins its fiscal publicly that their firms are in October and profits in the year trouble monitoring having third quarter were $16.9 year-agemployee honesty, they agree million on sales of $472 million. privately that it's a major General Motors, Ford and problem in industry today, Chrysler, hit hard by slumping Industry Week explained. sales and higher costs, last week An accidental check' of reported profits for their second inventory at a plastics and quarters were a total of $501.8 petrochemicals company million, a 61.4 per cent drop from disclosed a shortage of almost $1.3 billion in the same quarter of 1973. $30,000 in finished goods. The For the first nine months of its company had what it considered a good security system, and so it fiscal year, AMC earned $34.6 checked million, or $1.19 a share. only infrequently inventory against production records. Complete investigation Silver Price a well eventually uncovered NEW YORK (UPI Handy and Harman organized employee theft ring, Wednesday quoted silver at $4 60 cents per headed by an outside "broker" fine ounce up 2 cents. who had recruited the workers to 60 bullion silver $4 at Engelhard quoted up 2 cents and fabricated silver at $4 715 up 2 serve his customers. specilaty cars not only jumped 34 per cent in sales, mainly on the Holding an auto executive's predictions up to the scrutiny of hindsight could be unfair. But most admit they were not totally prepared for the extent of the GET READY FOR THE HUNT HOW Inflation Biggest Feeds Theft In History By Workers ' With the exception of the small specialty cars the Mustang II, Chevrolet Camaro, Pontiac Firebird and AMC Javelin no segment was able to show an increase in sales. The small . m mm AMC Profit y 17,1974 OPENS AUGUST a government securities note and a Americans are hearing much note, a that began these days about the 'shortage' bond Tuesday as part of a routine $4.4 problems. There s the energy billion Treasury Department shortage, the paper shortage, refunding operation. etc., and the penny shortage. Such sales usually don't cause But the penny shortage is a ripple outside Wall Street but different, mainly because it is caused many one shortage the average guy two factors but inflation-battere- d can do something about. unsophisticated citizens to take notice All First Security Banks in the this time: the unusually high intermountain region are return 9 per cent on the notes participating with the U.S and 8 xk per cent on the bonds Department of the Treasury on and the relatively low $1,000 project "Return of the Penny." minimum purchase price. The project's goal is to get as The 9 per cent is the highest many pennies as possible back since the Civil War on any into circulation by the end of the Treasury issue of longer than summer. maturity. Having these billions of Howard Lloyd, a retired naval pennies out of circulation is officer who lined up early at hurting the economy and the Treasury headquarters in taxpayer. The hoarded pennies Washington, said he cashed in U. have no value as collectors S. savings bonds yielding 6 per items, because the House cent to buy the 9 per cent notes. Consumer Affairs Committee "It's just a better deal," he said. rejected the bill proposing an Many others apparently aluminum penny. The U.S. Mint reached the same conclusion. has no intention of lowering the In Chicago, about 5,000 persons copper content of the penny poured through the Federal Although the price ot copper Reserve Bank Tuesday to buy dropped substantially in June, the note, keeping 85 it's still unprofitable, and illegal, clerks busy. to melt pennies down for their note is being sold" copper content. The Wednesday and the bond on Thursday. o relation men still were able to find some hopeful sign in each sales report. Many favorable signs failed to materialize as strongly as they had hoped. There were 4,643,766 cars sold between January and June, off 24 per cent from the record 6, 184,523 cars delivered in the first half of 1973. The small cars that accounted for 42.3 per cent of the market last year held down 49.3 per cent of that market in the first six months of 1974. 5 history. 10-d- BLACK POWDER IIUIIT estimated receipts 25 ca.tle. r .45 Cal. Lead Balls (Pkg of 100) .50 Cal. Lead Balls (Pkg. of 100) .58 Cal. Lead Balls (Pkg. of so) ' PERCUSSION CAPS Rem. 10,11, 12 (Pkg. 11 Navy arms (Pkg. of of 100) ., 99c 100).... 99e .... 2.95 English Musket Caps (250) .58 Cal. Minnie Balls (Pkg. of .............. 219 219 I49' 25)...... 260 Cast WM ilUn ..1 mltin ..... not ftv ,TI rwu pirvj HJIItsX ,v,,, UA any source of heat Pot capacity is ( of pounds alloy. r, 189 m NUMBER! 1290 SOUTH STATE, LYMAN LEAD POT OREM 4 00 IN SPORTS! PHONE 225-950- 0 |
