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Show Page 24-T- HERALD. Provo, I'tah. Sunday. October HE 22. 1978 Noel and Dale Dixon First Security Earnings Climb Business News 4.1 Per Cent Volkswagen Jumps Prices '79 Model - FAIRLEE, Vt. (UPI) Volkswagon of America has announced an average 41 percent price increase on its 1979 cars. The lowest-priceVW, a basic two-doRabbit hatchback, will carry a recommended list price of $4,499, a $279 jump over 1978 models. At $7,045, the seven passenger station wagon is the highest-price- d car in the VW line. The Dasher two-dohatchback was hit with the biggest price inacross-the-boar- d SALT LAKE CITY iL'PIi Two - First Security Corporation reported a 9 7 percent per share increase in its unaudited consolidated income for the first nine months of this year. The bank holding company Saturday said it had income before securities transactions of $23 8 million, or $2 14 per share. That compared with $21 1 million, or $1 95 per share for the same period of last year. Net income for the first nine months of last year was increased because the company sold a subsidiary. First Security Savings & Loan of Pocatello. Idaho Third quarter unaudited consolidated income for common shareholders before securities transactions was $91 million. Men Building Ix-Pays- on Oil Refinery drivers, probably owners and drivers. Noel's son. Kent Dixon, is employed on construction and is expected to hold a key position in the refinery. His Dixon a daughter, Denne Dixon, will be office However, day. during said some 17 wells are being drilled manager. The refinery was financed through between Thistle and Salina and he is Small Business Administration hopeful that some of them will prove the out, bringing the supply of oil nearer with promotion by Gunnison City, the the refinery. Gasoline and other fuels Valley Industrial Corp. of Gunnison and the Economic Development Adwill be produced. of the About 15 persons will be employed in ministration 20 as truck Economic District . another the plus plant, plant operation after it is completed. The crude oil will be trucked from Wyoming for the present time. About 2,000 barrels of crude oil will be used Two former Payson men. Noel Dixon and his cousin. Dale Dixon, are currently involved in construction of an oil refinery in Gunnison. I'tah It is expected to be in production after the first of the year. Noel Dixon of Salt Lake City is president and owner of the new Dixon Oil Company. He is also working on air purification for industrial plants. Dale Dixon, a skilled mechanic and master welder, is in charge of con- struction and will supervise at Gunnison d crease, $675. Officials attributed the increase to product iminternational inflationary pressures provements, and the fall in value of the U.S dollar in relation to the West German mark. The price hikes were announced at a press briefing held to unveil the first Rabbits made at the firm's new plant in New Stanton, Pa. The styling is similar to its European counterpart, with a few minor revisions aimed at American tastes. For example, the Rabbit has a redesigned grill with rectangular instead of round headlights, and for the first time offers interiors. Company officials expressed optimism for the new Pennsylvania operation, and said it should be well enough entrenched to fend off competition from other foreign carmakers, including Honda, which plan to open U.S. plants. James McLernon, VW of America president, predicted Volkswagon's 1979 sales should reach 300,000, a 24 percent increase, giving it a 2.9 percent share of the U.S. market. That, he said, ranked VW fifth behind the "Big Three General Motors, Ford and Chrysler and American Motors. However, McLernon said, "I'm not concerned about where we rank in the market." According to McLernon, the U.S. operation should begin breaking even by 1981, provided current production levels are maintained and the dealer organization remains strong. In fact, he painted a generally rosy picture for the auto industry as a whole. to compacts and "Because of the change-ove- r many new buyers have entered the market," he said. Orem United Thrift Gets New President TWIN-SIZ- E MATTRESS & 100 FOUNDATION Mis-matc- SOFA & LOVESEAT covers. h Quilted, extra firm. Lim. Supply Beautiful traditional style sofa & loveseat is 100 covered in Nylon Velvet. richness. Casters for easy Custom quilted for moving. Reversible seat cushions. Several Long-wearin- SOFA & CHAIR BOTH PIECES Durable Herculon Cover. Casters. Only 6 sets left. NT ' TTm FULL NYLON VELVET g patterns. S1ZE199.95 LAS VEGAS, Nev. -The board of directors of United Thrift Savings and Loan has announced the appointment of Ted Nicothodes of Las Vegas as HARDWOOD ROCKERS and president chairman of the board of All that financial institution, suceeding the late Daivd P. Boyer Sr. United Thrift is a Limited supply. sub-sidia- ry Mortgage Company with offices in Las Vegas, Reno, Salt Lake City, St. George, in '69 rich maple finish I DOORED TABLES United of rocker d Beautifully doored tables have lots of storage inside. Choose from end or coffee table, in dark or light finish. Boise and Nicothodes was also recently named president of the parent TED NICOTHODES firm by Mrs. David P. Boyer, Sr., chairman of United Mortgage ComHe began his business pany's board of directors. career in the retailing United Thrift was esfield with Williams tablished in Orem at 212 Brothers and Sears, S. State in early 1977 and Roebuck and Co. in is headed by Vice PresCalifornia. ident and General From retailing and Manager, Tony D. Evans, he moved descendant of a pioneer merchandising, field financial into the been with who had family to Las Vegas to came and the firm in that capacity accept an executive posisince 1977. tion with Commercial Nicothodes, a member He funcof the firm since 1975 and Credit Corp. loan manager, as tioned executive vice president and in charge of operations district manager for that finance manager throughout the system firm over a period of nine since the middle of this before years accepting a year, has a retailing and Bank of financial background position with loan officer, as Nevada dating back many years Nicothodes is a Navy prior to coming to Las war veteran and the Vegas in 1960. He is a native of graduate of numerous Marshalltown. Iowa and specialty courses in all was raised and educated facets of financial in Whittier, California. endeavor. Pocatello. DOUGLAS 5 PC. DINETTE Choose from 3 different color combinations. 4 high back chairs ond formica top table that extends to 48". WALL-HUGGE- R RECLINERS Ful-lerto- Wall hugger system needs only 2 inches clearance from wall. Choose from 3 colors of reinforced vinyl. 2r $135 ROCKING LOVESEAT nylon velvet Rocking loveseat is covered in 100 for long wear. One each in blue or gold. VELVET SWIVEL ROCKER Lovely high back swivel rocker in rich velvet cover. Only a few left, one blue, 2 rust. EARLY AMERICAN SOFA & CHAIR 100 nylon cover in beautiful green and gold. Floral pattern. Quilted, reversible cushions. 399 J DUNK DED SET COMPLETE This all hardwood bunk set is maple finish with rail construction. Comes complete sturdy bolt-owith spring filled mattresses. jggfg $229 DASSETT DINING SET I - J SI Beautiful bassett Dining Room set includes chairs, & 2 arm table that extends to 98", choirs. Lovely Pecan finish in traditional style. Save up of your to 20' present heating costs with n quiet dependable Day (4 Night Hi Etticiency Gas For nace Advanced engineering features make it possible Em lusive Vent M'cr " Flue Damper traps heat inside your homo Electronic ig"i!i;;!i nates pik t light High & NigH you : lertanle year alter year 1 1 Hah Matches above dining set. Pecan finish, lighted interior, plenty of storage in roomy doored buffet base. , - I i- -"" r nnn r 111 m-- & : tMHG A-- 1 SAVIMOS lHTACN Orem Refrigeration & Heating 443 East 1 834 So., Orem, Phone 225-6- 1 62 tlNi DASSETT CHINA CLOSET EH laimg wisu's efficiency Famous Day C0MHI" fflMlp rjf 2) Jtt W I?) UU UJ FURNITURE WAREHOUSE - 3 167 East 900 S.r Provo' only Showroom Warehouse selling direct to the public. uM If InllsWe) 375-720- HOURS: 10 to 7 Mon-Fri- . 10 to 6 Saturday |