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Show 4 4 -- - w-- "L P V j BUSINESS NEWS 4$nsBnnrTnvjG. gait tTrsat s gg&c FINANCE - INDUSTRY -Oil-- SALT LAKE CITY. - 4 UTAH, MONDAY. JULY 25, 1960 - MINING MARKETS By Dtnrat Ntwt Ivsintsi Editor Construction Set Soon , v For S.L. Recreation Area Construction of Dairyland, . a combined playground, recreation and educational area on the HI LAND PLAZA development, will begin this fall, according to Eugene Pace, president of GENERAL LAND CORP., said Monday. General Land is the developing company for the huge development on 53 acres north of 56th South, between 9th f East and Vine Streets." ' Plaza la a large shopping and business The c center previously announced, Dairyland will provide facilities for both individual and I group activities. It will include a Little League baseball t diamond, a lakeland stream. Also constructed will be a ball and horse shoe courts, j swimming pool, volleyentire area will create a rural retreat Mr. Pace said the In the center of a growing Salt Lake Valley area. Major In terest will center on model farm buildings and livestock. I The model farm buildings will house, various types of farm livestock, including a model dairy herd. Covered walkways around the buildings will permit children and adults to view a farm and dairy activities in process. Ponies will be maintained for the younger folk, with a bridle path built for riding. Picnic areas and facilities for. food preparation are planned. " A comprehensive display featuring the historical development of the dairy industry will be included in a mu seum. Structures will be in architecture, with M. E. Harris Jr., the architect Landscape architect is Leon Fechner. iiTi'Wnt - THE FIRE Bane Mathesen, Parowan, peers Into the huge pit where steer is being barbecued for large crowd of cattlemen and their families who attend Cattle Allotment on Fish Lake Forest. Johnson Brothers of the tour of Seven-Mil.Aurora furnished the Jieef.for the crowd. Days events were under the direction of Stan Burgessr . CHECKING irr e ' Showing 1961 ltn The 1961 line of EMERSON television and radio receivers will be shown to dealers of the area Tuesday at Hotel Newhouse by the WALTER B. LLOYD CO., 276 W. 1st South. Thomas Daniger, Lloyd sales manager, said the Hamilton line of washers and dryers,- - as well as the Audion chord organ will be shown to approximately 200 dealers. 'Here for the showing will be Robert McCambridge, San Francisco, district manager for HAMILTON MANUFACTURING CO., and Clifford Knapp, Denver, Emerson factory representative. - - NEW TAKE HOME OUTLET A take-hom- e been opened atthe ORIGINAL PANCAKE HOUSE, 5300 S. State, by Leon W, Hannan, operator of HARMAN'S CAFES. Mr. Harman said the take-homdepartment at .the Pancake House is similar to those at the other four eating establishments. . 4 e Supervisor Named 7 John L. Kitchen, Cedar City, is the supervisor of construction accounting for U.S. STEELS big Atlantic City, Wyo., iron ore project, according to A. A. Nickel, assistant STEEL. comptroller, Utah operations, COLUMBIA-GENEVMax D. Nelson was named appropriations accountant, and Fava Rigby, property clerk. t I i r- , URGE DECISION The HOME BUILDERS ASSOCIATION OF GREATER SALT LAKE, through its president, a resolution urging the Utah , Stephen M. Smith, has adopted State Road Commission to speed up its decision on the location of the Salt Lake County belt route. Mr. Smith points out that the delay on naming location of the route Is prov- lng costly to taxpayers and home builders who have invested In real estate only to find they cant start building until they find where the route Is going to go. - " Mr.-an- Mrs, Wallace Wmtch of MantL Nearly 70CT cattlemen from all corners of the state and other interested parties met at Fish Lake Wednesday, July 13, t6 study the Seven Mile Cattle Allotment on the Fish tour Lake National Forest.' This common' grounds, and meeting was in charge of Stanley Burgess, .Salina cattleman, and Mr. S. L. (Buck) Cuskelly, "Fish Lake National Forest supervisor. Its purpose was to show what cattlemen and forest personnel can accomplish when there is cooperation in working out the problems between the per-- , mittees and those responsible for the management of the PLANNED RANGE TOUR S. L. Buck Cuskelly, left, supervisor of Fishlake National Forest, and Stanley Burgess, Salina cattleman, were men responsible for planning and carrying out activities of tour. resources. The Seven Mile Allotment was covered by tour members and the management of the forest was explained in detail. Cattlemen liked, what they saw because there Is good grass cover and the range evidently shows great improvement if pictures taken back in the late 30s and early 50s are any criterion. The Fish Lake National Forest area containing the Seven Mile Allotment is favored by well over 20 inches of rainfall. It is well adapted for grazing and grass control because it contains several valleys of broad expanse rather than being steep and rocky in nature. These factors are definitely in favor of good management and cover growth and perhaps as Cuskelly remarked, This is not a typical allotfnent. Bill McMillan, executive vice president of the American National Cattlemens Assn, Denver, attended the full day and urged more such cooperation meetings. He also praised the Utah cattlemen for the progress they have made in building ai association and for their support of the national group. FOREST SERVICE OFFICIAL Bill Hurst, Ogden, chief of range management, Intermountain Region, U.S. Forest Service, speaks to the crowd from back of pickup truck. Stan Burgess is in background. i Furnishing Nixon's Suite i Burgess, Salina, and Mary Wintch, daughter of all-da- y depart- . Hfc, YOUNGSTERS ENJOY TOUR, TOO These girls, daughters of southern Utah cattle- men, a tk happy wit htheir watermelon. From left, first two are daughters of Mr. and Mrs. Don Larsen, Gunnison; Vickie Burgess, daughter of Mr. and Mrs. Stan Fish Lake Range Tour Termed 'Successful7 -- ment for patrons wanting the fried chicken specialty has ! -- e " - ;V v L k Swiss-Alpin- US S Furniture from IMPERIAL UPHOLSTERING CO., INCL has beea selected, for the Richard Nixon hospitality headquarters suite at the GOP convention headquarters in , Chicago, according to a note from FLEXSTEEL INDUS1 TRIES, INCh of which Imperial Is a member. Clarence Nil-so- n is president of the Salt Lake factory at 1730 S. Industrial Rd., in the Industrial Center. Named president of HEADS TRANSAMERICA TRANSAMERICA CORP., large insurance holding company in San Francisco, is John R. Beckett, 42, a vice president of BLYTH & CO., Investment firm. Mr. Beckett is leaving Blyth & Co., on Sept 15. ' Gets Ringsby Promotion - Earl O. Forrlstall, a RINGSBY TRUCK LINES sales representative in Salt Lake City the past six years, has been named district sales manager for the truck lind in Kansas City. He is a native of Kaysville, and a graduate of YDavls High School. I jr tock Prices Irregular n Moderate Trading ANCA , MEET OFFICIALS Mrs, A. D. Findlay, Kanab, poses with her husband, at right, and R. B. Money, Spanish Fork, during break in days activities. Findlay and Money are committee chairmen for forthcoming ANCA convention which will be held in Salt Lake City. PROBLEMS Bill McMillan, Denver, vice president of ANCA, talks to unidentified rancher, left center; Clyde King, Boulder, Garfield County, right Center, and Don Hill, Rangely, Colo , at right. (All photos by C. E.. Helllbusch, Salt Lake City.) INDUSTRY f Gas Lina Wins Cattle, Lambs Move Dam Preliminary But llogs Showing Sains NEW YORK, July 25 (UPI) Stocks were mixed in mod- FPC - trately active trading Monday. The list went Into another precipitous decline last week , Josing nearly 21 points on average and dimming hope for a Preliminary approva.,of the Summer rally at this time. Utah Project of the El Paso Some analysts say that traders still hold out hope that the and Colorado Interstate Gas Federal Reserve will take steps Companies was reported this to stimulate the economy if ard firmed to 23 on 1,200 week. . business continues to lag shares. Chrysler lost a small The Saturday Utah Oil Refraction at 43 on the first port indicated -- final sanction through August. trade. , General Dynamics rose of the project must now come to 43 on 1,200 shares. The Kennecott firmed in the metfrom the Federal Power Comals where fell National Lead has received a $60 company . mission. 48 Anaconda to eased million Navy contract for two additional Polaris subs. Boeing and International Nickel rose The Utah Project will set? to 53. added to 29 on 1,000 Colorado Interstate construct Jersey Standard t was un- a shares. line from southwestern 4 Ford, changed on 2,000 shares in the gas trading tacked on to 63 on 1,500 oils and American Tobacco fell Wyoming to Thistle, Utah to 57 iii the tobaccos. County in Utah. El Paso would shares and Studebaker-Pack- rose to 31 then extend the line from in the imotion pictures and Thistle to the - ' border. to 40 in Raytheon tacked on The 'Oil Report also curbed the electronics. In the steel. UK. Steel added a rumor that Pure Oil Co. at 80 on 1,000 shares, made a potential discovery at v while Jonps A Lang hi in the No. 1 USA Teasdale in Because of early deadlines to 63 and Armco Section 8, Township 30s, Range due to the July 24th holiday dropped at 61 . 6ESLM, in Wayne, County. gave up Monday many of the stock This rumor is unfounded," Atlantic Coast Line added on this page in the rails on news the road the report indicated. listings seen may not appear In yoqr edi- has formally submitted an apOn last the operator tion of the Deseret News plication to the Interstate was reamingreport at a present total and Telegram. ' The Balt Lake Stock Ex- Commerce Commission for a dept of 1,790 feet, preparing merger with the Seaboard Air to run intermediate string cf change, banks and other Line Railroad. Pfizer firmed In pipe and deepen," the report instl-tions business and financial the drugs on 1,500 shares. stated. within the state were American Viscose, reporting The Humble Oil and Refinclosed. ...However, markets lower second quarter sales and ing Co. has obtained approval outside the state wore oper- earnings, eased on 1,000 shares of an extension of time on the to 38. American Can also re- Nequoia Arch unit in Wayne ating, A fiilji&chedule of stock ported lower earnings and it County until Aug. 29. 1961 and listingsknLdll be resumed in dropped at 39. American commencement of the - sixth Tuesdays J5dseret News and Motors was unchanged at 22 well on that unit until Nov. on 1,500 shares. 17, I960) the report indicated. .Telegram. e Approval Nevada-Cali-form- Holiday Deadline Cuts Listings , kwfrt DAVIS, RICH, EMERY These four ranchers, are shown on Fish Lake Tour. From left, Frank Robbins, Huntington; Boyd Olsen, Ferron; Allen Adams, Lake-towand Bill Swan, Kaysville. All four are active members of Utah Cattlemens Assn., of range tour. v , a CHICAGO (UPI) Prices of at 22.25 to 25.50.- and prime heifers sold cattle and slaughter lambs up to top prices of 26 00 at several Good to points including Chicago moved in lower a generally heifers brought 21 25 to at direction during the past week ZSS 00 markets Some standard grade heifat midwestmarkets, but hogs ers to sell down to $17. had advanced to new high levels Cow prices ruled steady to 50 cents or more lower, for a higher except since last quoted. trend at Omaha Utility and commerGrain-fe- d steers and heifers cial cows brought 14 25 to 17 25 followed by host canners and cutters at generally sold steady to 5Q $13 to $16 were also Replacement j cattle Chicents lower. However, at steady to 50 cents or more lower at markets Good and choice cago, prime steers along with cornbelt stock steers sold mostly at over yearling $23 to $26 75 and feeder steers from weighing 50 Some to 25 $21 good and choice declined cents 50 1,250 pounds quality stock steer calves turned at to $1. At the satae time, some $23 to 28 50 f Hogs sold 25 to 75 cents higher, exlighter weight steers as well tremes up more as dwindling receipts offset the bearish factor of as kinds grading below average-- more than lower wholesale prices. moved at steady to Twelve marketporkreceipts choice of some 252,000 hogs, which were the small25 cents higher prices. The re- est excluding holiday weeks in two were (nearly 15 per cent besult .was that steers at Chi- years, low last week and 20 per cent short Iowa and ago Interior cago sold in the narrowest of a yearMinnesota direct receipts price spread for the year to southern which totaled some 237,000 for the ' date. period were llkewfev well either last week or last year Twelve market cattle re- below Pork loins declined 1 to 3 cents a in wholesale trading at Chicago ceipts at some 214,000 were pound and as much as 4 cents at eastern more than 10 per cent smaller seaboard markets Other pork cuts little change than last week, but were still showed In the week's closing session, US 3 grade hogs weighing Number slightly larger than a year ago. 180 to 2701 to pounds and heavier mainmost Despite smaller receipts of ly brought 17 25 to 18 75,at with 18 00 and pounds and lighter live cattle, wholesale dressed 240 above. Top prices for number 1 and beef prices were under pres- 2 grade hogs averaging IDO toto 18230 75 were usually limited sure. Beef was reported Ji cent pounds to 19 00. but s few ranged up to to 13 25 sows cleared at 19 Most a pound lowfcr at Chicago and 16 25. 50. declines ranged up jo 2 cents Slaughter lamb prices generally steady to around $1 lower, ala pound at eastern seaboard were though the trend was strong to highof High-choic- e fed A' h loan service when you need money for any purpose So Cuiick . So Simple . So Convenient e cTuTk high-choic- top-notc- e TERMS TO SUIT YOU UNUSUAL FLEXIBILITY five-da- markets. , Prime steers sold up to 28.50 on Monday at Chicago, but the mid week top dropped to 28.25, a new low for the year to date. along with mixed choice and prime steers sold at 25.50 to 27.50, with most at 27.00 and less at later rounds. Sales of good to average-steers .were largely choice High-choic- e er at a couple points Sheep and lamb receipts at some 61 000 were more than 25 per cent below last week and were also below a year ago. However, declines of m to 2 cents s pound in wholesale prices of carcass lamb at Chicago and of as much as 4 cents at eastern seaboard markets served to keep the trade In live lambs under ' rather severe pressure. Some choice and prime spring lambs brought 31 50 at Chicago, but the bulk of the good to prime grades sold at $IT to 20 25 during the week st cornbelt markets Good and choice shorn old crop' iambs and yearlings turned at $13 to $13, EVERYTHING IS PRIVATE oiKHi uava? mm tu tfcuoai iub mas am m mim U.A.C, FINANCE CORPORATION (nXANCI CORPORATION UP TO 00 DISCOUNT COMPANY 0VI1 $400) G.A.C; UONSIJMEIt DISCOUNT COMPANY Formerly Consumer Finance md Discount Corporations TV . r. ' j 368 South State Street - Salt Lake City, Utah Telephone ELgin 5 96 ' . |