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Show i Swuln. (Vtober22. J UP&L Still Wants Coal in Garfield business n nurc (Detailed Stock Listings P. 28) Final Markets - NEW YORK (UPIi Interest rate fears sent prices broadly lower on the New York Stock Exchange Friday and drove the Dow Jones industrial average k to the worst loss in its one-wee- - The Federal Reserve Board set the stage for Friday's heavy selling w hen it reported a $3 8 billion surge in the nation's money supply in the latest week The supply expanded at a 9 2 percent annual rate in the latest far above the Fed's target of period 6 5 percent and signaled even tighten monetary policy ahead. The Fed pulled in the credit reins twice this week, raising its ceiling on key federal funds rates from 834 percent to at least 9 percent. The increase in federal funds rates puts upward rates, pressure on other short-terparticularly the benchmark prime, r which now is at an almost high of 10 percent. four-wee- Trading was the heaviest in two and a half months. The Dow Jones industrial average, down more than 12 points in the afternoon, fell 8.31 to 838.10. The blue chip indicator piled up an unprecedented 58.99-poiloss for the week, eclipsing the previous record of 51.78 points given up in the five days ended Nov. 2, 1973 during the Arab oil embargo. . nt Declines far outdistanced advances, 1,568 to 126, among the 1,919 issues crossing the NYSE tape Volume on the Big Board amounted to about 43,910,000 shares, the biggest turnover since 48,792,430 shares changed hands Aug. 9. Thursday's trading came to 31,810,000 shares. Prices staged a broad retreat in active trading of American Stock Exchange issues. KEITH CAVANAl'GH Candy Store To four-yea- Public officials and private economists have warned that ballooning interest rates could lead the nation into a recession. Many have predicted a severe credit crunch is just around the corner. Meanwhile, the dollar slumped against most European currencies Friday, erasing momentary strength exhibited Thursday. Many Workers Do Not Get Premium Pay for Overtime WASHINGTON (UPI) More than 27 percent workers, who are exempt had lower median earnfrom federal overtime ings $251 compared of fulitime American laws, received premium to those who did not workers were putting in pay. $287. more than 40 hours a The statistics also The bureau said many week as of last May but showed people working of those not receivifewer than half were get- extended hours had a me- ng premium pay were in highly paid occupations ting premium overtime dian usual weekly earnpay, the Labor Depar- ings of $270, compared to where collective bargaintment reported this the median earnings for ing and overtime laws do weekend. all fulitime workers of not apply. More than 50 The figures, issued by $227. Among those who percent were in profethe department's Bureau worked long weeks, those ssional, technical or of Labor Statistics, receiving premium pay managerial fields. showed union members 67 3 percent are twice as likely as nonunion workers 35.8 perto get top pay for cent overtime. The report, issued annually by BLS, was based on May 1978 figures and showed 27.3 percent of fulitime workers putting in 41 hours or more a week, compared to 27.4 percent a year earlier. The total of 19 million people working a longer workweek was 800,000 above 1977, but the 4.4 percent rate of increase was about the same for all fulitime workers. About the same proportion of white-colla- r and workers put in the long hours, but the proportion across major a Open Fresh "Home Fashioned'' chocolates will soon be available in the Gallery 28. University Mall, Orem. Keith and Suzanne of American Fork announce the opening of a Mrs. Cavanaugh's candy store at the former location of Keepsake Diamond Center. Target date for opening the store is Oct. 26. The candy for the store will be furnished by Keith's brother, George Cavanaugh of Bountiful. The Bountiful operation also has a retail store in Cavanaugh connection with the production facility. Mr. Cavanaugh is a partner in a local firm of Certified Public Accountants and has hired Colin Christensen of Bountiful as manager of the store. However, Keith plans to be actively involved in the business. EVE I ranged from 45 percent for managers and administrators, and 41 percent for transportation equipment operators, to 14 percent for clerical workers. In major industrial divisions, the proportion ranged from 47 percent in agriculture to 17 percent in public administration. Eggers Enterprises, a national advertising agency, will open a Provo office at 62 N. 100 E., Monday. The agency will offer complete advertising campaign planning and coordination of production. Custom tailored advertising specialty items, point of purchase displays, merchandising aids, packaging, assistance with product development, market analysis, multi-medi- a contracting for space and time, monitoring ads, direct and direct mail adver-sitinand follow-u- p research programs will be developed around each client's needs. The agency will represent only one client from any defined area of business activity (ie; one bank, one car dealership, etc.) in order to avoid any conflict of interest. Agency services will include a representation of models, actors, artists, writers, photographers, and musicians working in the commercial realm. Sometimes creative individuals in the arts are not aware of the potential for plugging their talents into the business community. The agency may function as their connection. Copyright and trademark registration services will also be made available with publication areas to bee opened soon. Specialty items or decor may be designed and produced for clients, interior decorators and architectural firms. Owner and manager of the new agency will be Dennis Eggers, formerly vice president of Sonn Enterprises, an advertising firm based in Nashville, extended wicker wonderland for Babies Swinging cradle, completely lined with foam padded vinyl, on floor stand with - brass-plate- d hardware locks in place as needed. $50. DENNIS EGGERS Fashion Domestics 13 At Savings 3 Traditional woven wicker basken-ett- e on folding legs with casters, white to suit any baby; with hood $26, without hood $22. "Acrisoft" Is the Luxury Blanket from Fleldcrest were more likely than un29.9 perion workers cent and 21 percent and whites more than blacks 28.9 percent and 16 percent to work more than 40 hours. Men also were twice as likely as women to have an fp Tenn. workers Non-unio- n Z O IVI I Eggers Enterprises Opens Office in Provo on Monday Hi occupational groups I'tah-Pa- ge to bid there for future requirements " The utility executive's comments were precipitated by erroneous reports that the company had lost interest in securing coal in Garfield County. Mr Hunter said the company had proposed to the Department of the Interior that its preference right lease applications in the Garfield County area be traded for leases on coal lands in central Utah The proposed lease area surrounds property the company now holds w hirh is presently pioviding coal to two nearby L'P&L generating plants As A Decorator ar F'ruvo, coal and we will be read SALT LAKE CITY Despite recent passage of federal legislation permitting transfer of certain preference right lease applications in Garfield County. Utah Power & Light maintains its interest in coal lands in that area, the chief executive of I'P&L said Saturday. Moreover. t'P&L President E. Allan Hunter added. "When the government coal leasing program permits competitive bidding on Kaiparowits coal. I'P&L will be first in line with its offer We are confident that Secretary Andrus intends to move rapidly towards development of southern Utah Make Your Mark blue-coll- THE HFHAl.D 1H78. Soft, lofty loom woven 100 Acrilan acrylic with nylon taffeta binding 6 inches wide: mahogany, cognac, goldenrod, powder blue, white. dyed-to-matc- h $20 reg. $23 twin size reg. $26 full size reg. $52 queen size reg. $38 king size work schedule. $23 $29 $34 The BLS said 42.9 per- cent of all workers on the long schedules reported receiving premium pay, which was about the same as in May 1977. The bureau said in occupations, the no-iro- n "Paradise Garden" Towels by Fleldcrest non-far- proportion receiving premium pay ranged dream garden to be sure: colorful blooms against a cool, shadowy background of Queen Anne's lace and other foliage - on white cottonpoly terry. 2.99 reg. $5 bath towel 2.49 3.10 hand towel reg. 1.25 reg. 1.50 washcloth A from about 85 percent for factory workers to 13 percent for managers and administrators. Less than 8 percent of farm New Veep no-iro- SALT LAKE CITY & -- Light Com- pany directors have elected Arvin S.Gibson to the position of vice pres- ident, Power Supply Operations. E.A. Hunter, president of UP&L, said that Mr. Gibson will have .onnnolkililv far nnPr- tion of the company's power production and transmission system, including all steam and hydro generating plants. Prior to joining UP&L in August, 1977, Mr. Gibson had some 27 years of experience in the power engineering field with both fossil fueled and nuclear power generation. His most recent experience includes eleven years with general electric in California where he was manager of the Prototype Kemp &Beatley's Solid color "Visa visa" Cloth the painting "Garden at top and bottom sheets of polyestercotton percale display water lilies in the sunshine, while pillowcases portray the entire painting. Coordinated Appointed Utah Power MoneMnsplred "water Ulles" from Sprlngmald Based on At UP&L Large Breeder Reactor project until he resigned to come with UP&L. Luscious liner for a bassinet on legs is two tiers of easily launderlace edged ruffles; in ed white $15. n spreads quilted over polyester fiberfill and cotton poly towels. 7.49 reg. 9.50 twin flatfitted 8.99 full 11.50 flatfitted reg. 11.99 reg. 15.50 queen flatfitted 14.99 reg. 19.50 king flatfitted 6.29 reg. $8 pr. standard cases 6.99 reg. $9 pr. king cases 35.99 reg. $42 twin spread 42.99 reg. $50 full spread 55.99 reg. $65 queen spread 65.99 reg. $75 full spread 6.99 reg. $8 bath towel 3.99 hand towel reg. 4.75 1.49 washcloth 1.75 reg. Texturized Du Pont Dacron' polyester from Milliken: soil release, permanent press white, Ivory, brown, gold, yellow, green or light blue loveliness. 7.99 reg. $9 size 52x52 11.99 reg. $13 size 52x70 12.99 reg. $14 oval 52x70 19.99 reg. $21 size 70x86 20.99 reg. $22 oval 70x86 23.99 reg. $25 size 70x105 25.99 reg. $30 size 70x1 26 17.99 reg. $19 round 70 "dia 24.99 reg. $27 round 90" dia 1.35 reg. 1.75 napkin 2a hour phone shopping service "Compose" Pillows Designed by Rose York the sleep of the contented on Pont Dacron polyester fiberfill II plumply buoyant -encased in a pretty bluewhite tick with edge. 2 $1 2 reg. $8 standard size 2 $1 5 size reg. $10 queen size $13 king 2$19 reg. Sleep Du no-iro- n welt-corde- No-tol- l, direct-dia- l d shopping: Salt Lake Ogden Layton Kaysviiie ' Farmlngton 399-596- 321-666- ProvoOremSprlngvllie Logan 753-061- elsewhere In 224-175- Brlgham City Utah dressing table has four drawers, namper, vinyl covered polyfoam bumper lining 19x36 area when opened (closed 19x19 x37Vi" high); casters, white or walnut $50. Fashion Children: Changers 376-339- 723-855- 27 |