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Show v. Salt take City, Wedne'sclaY, April IS, 1,939 DESERET NEWS AND TELEGRAM, - DLISLvvr2517,NLISYS Italt gakt Tettgrtan Street Chatter -- BUSINESS NEWS - tINANCE - INDUSTRY -.- 0IL -- - MARKETS B Worth Opinion Oullavisi Your Money's - MINING - rs 1Re4uced Car 1 Inflation Psychic:logy FRB-Fea- - ,.;1 IRepair Charges on a boying splurge, no signs It is this psychology which that business will boost -- its has been behind much of Oa spending on new plantS and iindiscriminate buying in the 3,11.0...0012 Va,i.. vrs.!!!, .. equipment for some time. The stock market in recent Discrimination in granting months. credit screws ' industry is hardly boom- - In a 1,... custo reduced sense, this buying has repair charges I, in. a runisn't housing again. . tomers of automobile insur- . represented a flight from the 664 advance. The Federal ahce companies, where it tends dollar, and it is unreasoning, it '' Reserve , System , High Employment to create monopoly, violates IS dangerous, it is destructive. Iauto by then there is unerrtploy- It is this psychology which hag the Utah Unfair Practices Act. did this 3 ,. I boosting the I I & dismayingly high in caused investors to be indiffer. Atty. Gen. E. R. Canister terest rate itL; e' r to t is key areas. And even in ent to new U.S. government opinion Tuesday gak,e na-- t 1 the I which are prospering, ecuritieg--eve- n NEW YORK (tJM) those bearing "At F Parley 1W. Hale, executive sec-- charges , tion's banks, for!' IN there is proper worry about boupons giving the buyer 4 per retary State Trade Commis- - 'loans from present, we see little reason N the general economic impact cent interest a year, a whop. sion. J . for an attitude of bearishness ,, -. Therebyt1 as well as simple human' pingly big return on U.S. goy. "As a result of this opinion, toward the general market. the it millions. of job - ernment securities by all hig inelaning-Lo- f I ask for a cease and de- - nalgave Prices, in most cases, are not Porter to its mem-Sylviat this less of a business tortes' precedents of the past sist . rder against any repair her banks to stage far out of line, taking into for chuge more no prospect quarter-centurand of insurance or advance, company 'Lis this psyaccount earnings and dividend shop wammatigai loans they in turn make to you 'ilikAkvao.exammoomememekseatil in the totals un- g or asking for special as a businessman which sober analysts chology or as an in- - for a big drop improvement, growth pros-- , provided I receive dividual consumer and it set til the7Mtionly is consider- - fear may lead to unsound .in.. PAGE SPACE SQUEEZEBob Dun. Bob CROWDED MEN'S STORE pects for the next few years,' boomier. Mr. Hale ne creases in wages, prices, wild can the longer-terof business. threat of is typical and Page, Ariz., Jorgensen, Page :shopkeeper, asslits the stage for another round ably No. Regardless of what you buying. I, men - needing more merchandising . inflation,"Standard & Poor's.' Ed Green, Glen Canyon darn worker, of borrowingyate increases up think the White House is the ay Thus Action Court tightening of the to In some coveralls the his for do work the line. "Against the somewhat omiand space rapidly growing supply fitting saying about inflation or how credit screws. It is a signal nous movements of the leadtown at Glen Canyon Dam. on the huge river project If such practices then are Why? you iqterpret the repeated that the Reserve System incontinued after a desist order ing group stock averages, This is a. strong warnings of leding Washing- tends to light aggressively the volume indications have been is issued, Mr. Hale said he move att a ton policy-makeractual in-i- s psychology of Inflation. step. , Why.this favorable. There has been a action take . court , would when our is nation time not unemployment 6 problem offenders. the tendency for turnover to , against . uncomfortably close to 5,000,- day. shrink with lower prices and A The trade commission secretais the explanaa- A 000 and a governor of the Red: then, What, YOUR hi to expand with higher quotin that ary-said opinion d- tion for the tightening of the Reserve Board GARAGE there 'is no question but that eral the high level openly ations,"Francis I. Du Pont Sz of jobless- credit screws at this date? such discounts "lessen compeROOFED rt is "a social, political and The answer is that the Fed-ness : moincreate tend. to "There is good supp-o-and tition ' is eral Reserve economic IF YOU ROOF trying System today? problem" REED lots MADSEN are 14 nod five ,available, nopoly." By dicated in the years, according building plus area; to fight a PSYCHOLOGY OF YOUR HOUSE No Serious Inflation to Howard Ness, city planner. parking space Will be required-base- News Staff Writer and, on the whole, the market Raymond W. Gee, assistant a 4 spreading 3 INFLATION is APRIL answer the immense wrote The Two other stipulations have DURING generally- on a of, has acted well in the face of attorney general, Page ratio. That is, four times opinion. He heldhat granting Importance and it is knpera- conviction among increasing the .barrage of attacks on businessmen are feeling a caused hesitancy on the part numbers of businessmen and r f businessmen to build. One the space neMed for a build- such special discounts in itself five, for your own speculation.",--- - merchandising earners that prices and wage -as underpLD AMERICAN'. be that is but is & will an for not for welfare, you unlawful, only parkStaff. required ing important factor, Spear as demands for materials and soon are going into an- Wages to it. lessen stand will This. tends somewhat leases to review ing. United Alr Lines is an 'in- services increase. nr,rie vary thiq practice , , and other They are upswing leapfrog ' The first key point is that the dollar is doomed to lose SO SO. 1ST WEST teresting speculation on the caught in an apparent mass of each five years and lease rates upon the type of building, competition and create monop can vary. At the present time type ,of businesS and location. oly. the Federal Reserve System buying ' power rapidly and FREE 'ESTIIMATES EM4-411- 6 promise of increased earnings government red tape. . is NOT FIGHTING ACTUAL in 1959 as well as 1960 Automotive Group they are set at 10c per square lock of property for open For more than a year now foot Harbison-Walker, the figure could be sale has definitely placed a SERIOUS INFLATION in our sk(adily. a company but rethe cases both such In in been have operating which earned its 81.80 dividend they raised. tamper on the city's construc- pair shop granting discounts economy today. establish-merits- , anY there isn't For rate when the steel, industry small, makeihift cTearance actual, apA tion insuranCe Housing progress. company Misunderstanding and 'the waiting for inflation in our econwas operating at 50 per cent The other point is probably praisals have finally been com- seeking 'such discounts would seriousnow. to purchase business sites. Inflation implies of apacity, has I omy sell Gee Mr. from will lots and the be law, pleted violating one of misunderstanding More rises in a short Major oil companies and price competition and should earn sharp to said. $2,250. $1,500 than anything else. Permits on materials pressures $4 per share this year, with some businesses with plenty Autoperiod, Atemberi Utah of the bustthree-yea-r - But in the meantime, ; more in prospect of financial backing have lo- milst be renewed on a and manpower, and these several Assn.. Trades to motive must continue nessmen Is this basis but nothing cated permaneRtly. Nevi build& Co. trends have not been dominant more than a city license re- work under a handicap with months ago asked the insur- for some time. now well ings are springing up throughto Etrice commissioner require overcrowded conditions More specifically, the prices entrenched in growth fields of out the city, but for those who quired in any community. no other alternative. an insurance company to cease have when said Mr. Ness that 'they to cash not the had We pay'at retail for food, most electric controls and 'electron- have on spot discounts special obtaining have been ics, appears attractive for ap- lay on the line the road has glass and other repair work major products,in a compara' more one been for with likelihood of holding ,steady preciation for it insured customers. extra dividend in 1959 than a year now. Carl A. Hulbert, insurance tively narrow range and there United Carbon possesses Don't Like Lease commissioner, then said that have been few big upswings In price areas. There's growth prospects Businessmen who have. nothing in the state insurance lotsother of excess capacity in many Mergenthaler Linotype can found it necasary to put their laws prohibits granting such corbe expected to increase earn- entire life's earnings into their discounts. He said the matter lines of industry and most more out turn could By attendance of a free public lecture here scheduled for in porations second the covered A few by ings considerably NEW YORK (UPI)There's in the steel picture. properly ,be stores are hesitant to build bemight goods if the demands were delivery by Paul K. Wavro, of Jacksonville, Florida, you , half of 1959 and more so in cause of the type of lease that to the stee- - boom than fense contracts, the magazine the Unfair Practices Act, There are no signs present 1960Investors Advisory In- has been available can learn bow to listen for His guidance to EFFECTIVE Ofto date. are insisting that their strike- hedging, Iron Age ' sante. PRAYER and TRUE SECURITY. demand for that consumers are taking off is up firming ficials believe the situation will ready lpriorities be honored. Wednesday. these products. be ironed out soon, however. authoritative trade Some mills report the As an The , for Subject of Lecture indication of strength To date only leased ground Looking said the llusiness reto magazine auto said used been in business, Iron Age priorities have has been available. The small covery has been stronger than g t better CHRIST124L SCIENCE: .THEREVE: businessman Who has needed delivery on light companies have started to line and more steel is e expected Modeli 1960 their for Wottnutogi steel installa- up to borrow money has found it LATION OF TRUE SECURITYing used than anticipated. This plate for government Scattered orders in hew sizes Impossible to find a loaner. has impeded somewhat the''non& Bars, too, have been put startcars are , next for year's One explained it this way: drive to build under priority, particularly for up stocks. Place mills. "Without a clear deed to the Iron Age said the next two West Coast construction work. ing tp hit the loan won't property they just months will be critical as steel May' Grow Critical SECOND CHURCH OF, CHRIST, any money." A lease has been users strive to build Alp stocks .Prioritlei may 'lave a more DENVER (UPI) Six offi- available but can be revoked before 'the June contract exEAsTmAN SCIENTIST, 566 EAST SO. TEMPLE cers and directors of Western should a businessman break piration date. Mills already are critical effect in the months and in stainless ahead, notably Oil Fields, Inc., have asked the any federal regulations that falling behind in their delivery Salt Lake City high - alloys for' aircraft and Colorado Supreme Court to have been set. . promises for some products., missile work, the magazine L prevent the Denver District 17 Forced To Sell Allocation Common 8 13.11., FRIDAY,--APRIsaid. Strike hedge buying al Court from hearing a case and ecompan.y Some of the small businessnoted that The magazine Its haireinrait., all em dealing with the - company's men were forced to sell busi- allocation of steel to service ".""""..'...V..".". ALL ARE INVITED TO ATTEND Aug sized price r !' READY FOR SUMMER localities to fi- center customers is becoming nesses in other INSURANCE Estimates The petition was filed for R. nance Pee , their business at Page. increasingly common. This is M. Barnholt, president of the ErLYStill5iNN Lecturer is a member of the Christian Science Some are still waiting for something that hasn't haptank luit4iit - Ctntinentat M. Barnholt R. his DR(VEMON son, firm; of Lectureship- of The Mother Church, the First Board -clearances-san- d since warehouses to the the pened -property, CO. et PABBOCKIP001, Jr., and W7 B. Middleton, all of list of approved businesses he steel shortage of 1955. Church of Christ, Scientist, in Boston, Massachusetts. Phone Elgin 97737 Denver, and Howard K. Hee, was released HU S. meanwhile Defense months NEW 3075 priorities Main, many (AR! I Frank Serrao and Edwin M. are becoming more of a factor ago. Kidani, all of Honolulu. Others came here to move The six asked the court to into temporary buildings. They E. Edward District bar Judge are still in them, working Et."!CA I Pringl,from hearing any under a handicap of space limiFU more proceedings in a suit rrk makewooden floors, ei filed against 'them In Decem- tation, itte Zisk,out,3A-74fizittshift shelves and nonsandproof ber. N 7 , buildings. And anyone who tA,2 has been here can testify the sand is really a problem, especially when the wind blows SPECIAL frequently. L. P. Wiley, project construction engineer for the Bureau of Reclamation, and Tom 0,0 Bearish Signs By SYLVIA PORTER A couple of days, ago, the of the powerful Central-flan- k the United States-tighten- ,..,c.z. ed f Absent From . i tlirket ,Stock x the-syste- a , Ian - ' Growing Pains In Page, Ariz. - FREE Red Tape hes Businessmen's Hands 1 585-60- 7,1 d four-toon- al e , ; bread-and-butte- space-squeez- e are,-subje- iwwr ct , ; " , ' later.--Josepth- al o Cutler-Hamme- enjoy true security? Recovery, Not Hedging, Held Basic Cause Of Steel Boom 50-ce- well-define- - said--said- wcaiii. - , a Oil Company be-r-- Seéks Ban On Suit Hearing s , N rpoi3 - iIf HAINH ar (iAt i -- 5t4irab LOOK WHAT YOU CAN DO PURCHASE steel FILING CABINETS "A" Grade-Wit- Thumb h 60" high,. 28" and IS" wide. deep Regular $143.25 Latch, SALE $69" PRICE SKYLINE OFFICE SUPPLY 1537 South Main Salt Lake City HU Steele.2Pagecity-administra- -- tor, have both realized the difficulty placed on businessmen. They have made trips to Washington in an effort to enof courage early appraisals property. Clearance ExpectA1 Recently there appeared hope for the businessmen. Property was appraised - andBud Rusho, information- spe cialist,'said a clearance is an-ticipated within a couple or three weeks. After that local officials can begin planning for sale of lots. Those already permanently located have built on property leased without a deed or title. Under the lease the duration depends upon the time needed for financing. Leases have usually been made for the pe lob PAY-AWA- rie.14 CHECK-CREDIT.- .. Y .1111 1 I! Check-Cred- it y With you can "charge it" any. where for anything you need, without question., Just write a check. Check-CredYou can repay your loan as fast as you care to, or as little as 120th of 31our maximum "line of credit" per month. You pay bank interest only on the money you use. Pay-Awa- i VI it ,iw f; I ,42. Ask for complete information and application blank ;, t.socriumi - 0, sotti.lwtt ,,,, 11 3( A,ntiouncement . ., I - ., - . We are pleased to announce that we have moved into larger offices at 409 Kearns Building and invite our customers and friends to call at their earliest opportunity. -- h Una p r- -- C LI i . Dial EL-9-378- - N N South Main -102 South Main , 1 ithimikilik;411Pageocombh,tol , ?35outit ,t01 FUEE ILIRRIN,TED CHECK .. Ft , el --- Mail to: It Zions First National Bank P. 0 Box 1709 Salt Lake City, Please send me full 'details'and CHECK. CREDIT. . 1 tQffices: Mrs. R. Hornr Bastow 1330 Iola Street Salt Lake City, Utah ---- - -' - ' TWX; SU 394 tor i otmorrutt- 409 ...Xeqrni euttleng irs ' kg, Y--4 1 oo 11ey Co. J1nvei I ,ent Securitte3 poled UP A,100 I - MainlAc I 1 1 - ,. e 0 Name P Address. - s I ' I -- 0' , --I 4-- i ; licatio,n blank lot !AY AWAY s,- --- - , I Member federal Depnift Insurance Com 1..Tt inj 4 ori p71 io...aao 7 |