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Show 'Cy" 2C Business Portrait: Richard A. Poynter Fait Lake Tribune, Sunday, February 9, 19 In Fight Oil E( ;onomy Honey production in Utah year totaled 1,050 000 pounds, according to the Utah Crop and Livestock Reporting Service. The crop was less than half the 1967 production and was the lowest In recent years, the last service reported. Poor condition of bees at the start of the season, a cool wet spring and a series of killing frosts were named for the dropping yie from 44 pounds to 21 pounds. Particularly damaging was the widespread frost on June 30 and 31 which affected Millard County, where many of the states hives are located. 1941. 1 He served first at Camp Roberson, Aik., then was assigned to Fort Warren, Wyo.. where he was retained after giaduating fiom Officer Candidate School. A member of the quartermaster corps, he was discharged in December 1945 with the rank of captain. Family Moves to Arizona During this period he had married Virginia Lee of Columbia, Mo., and In time the couple had wo children. Their oldest, Richard, Is now a senior at University of Arizona. Their daughter Susan Is a freshman at the same university. About 17 years ago their son developed bronchial problems and it was recommended the family move to the warm, dry climate of Arizona. Mr. Poynter served with several banks, including the Saguaro Bank in Tempe, which he helped organize. This bank merged with three others to create the United Bank of Arizona, a $100 million institution. Mr. Poynter was with United for only a month before he accepted an offer to join Tracy Collins as executive vice president. He assumed leadership of the bank in January this year, after being with the institution about 13 months. Utah is somewhat of a change for the banker. In booming Arizona the growth rate is extremely vigorous and somewhat chaotic. Tempe, where I was located, was the fastest growing area in what we called the Valley of the Sun. Fast growth is the kind of problem you like to deal with, he says. S.L.s Charming, Needs Tourists Stocks of honey on hand for sale were only 304,000 pounds on Dec. 15, about one third the volume of a year earlier, the service reported. Average price for honey was about 14.7 cents a pound, only 1.6 cents higher than in 1967. Auto News OH AU Floe. SIC - 0631 ? FHoff Sales manager for the Jeep department will be Steve Hayes has had the Jeep franchise since 1956. Vaughn A. Funk of Petty Ford, 909 E. 21st South, recently graduated from the service management course y. n, U'oh )? 0301 P. Reed Kawasaki conducted by the San Francisco Marketing Institute at Burlingame, Calif. Last Week in Business Members of the winning student advertising agencies are Val Kendall, Tom Matte-soSmoot, Michael and Herbert NEW YORK AP) of Business and Finance week and a year ago: The following table lists operating results tn maior lines the latest week, with comparisons with the preceding In McLean, Provo; Elena Johnson, Salt Lake City; Reed Bartlett, Springville; Robert Moss, Idaho; Montepelier, and Howard Rainer, Taos, N. Hill, club vice president Introduced members of the BYU department of who develcommunications, oped an advertising campaign Duane fchrg 10 Idg., Hayes said. non-fici- for Sunkist Growers. ,TOt KESKO & CO. Aid Ncwtouft The showroom was created after extensive remodeling of an existing building, Mr. STOCKS Nine advertising students front Brigham Young University were honored last week by the Salt Lake City Advertising Club during a meeting at Hotel Utah. fXECUTfO square - foot showroom for display of Jeep products has been added to Hayes Bros. Buick, 2280 S. State, announced Jerry Hayes, president. A 1,400 says in support of current efforts to draw more business here. Like many others, Mr. Poynter says the state needs a pool of risk capital to finance fledging firms with great ideas and low bankrolls. He serves as treasurer of the recently formed Utah Business Development Corp. (Gene Donovan is president), which seeks to do just that. For recreation, he likes to do a lot of reading, both works on banking, management and finance, and the latest novels. I also spend a lot of time outdoors working on the lawn and garden and I do a little fishing." A1 Club Cites BYU Students OOtKS Jeep Dealer Adds Space Utah needs more promotion," says Richard A. Poynter, president, Tracy Collins Bank & Trust. As for Salt Lake City, Mr. Poynter believes the city has which we noted the first time we got off the plane at the airport. It has a beautiful natural setting. Utah needs to piomote tourism because we have a beautiful state with lots to offer," Mr. Poynter says. He also thinks electronics is a natural growth industry for the area. Arizona promoted itself by advertising its climate and by building up the idea that Arizona is one of the last frontiers, where everybody can come and stake a claim worth a million dollars. There is a similar need for Utah to promote itself as a haven for Industrial and business endeavors, Mr. Poynter a certain charm leken-and-eg- g MININO Utah Totals Richard Poynter, president of Tiacy Collins Bank & Is a banker by birth and breeding. Both his father and grandfather weie bankers in the Midwest. And it was only natural for Mr. Poynter to follow in their footsteps as he progressed to his present position. Born in Bigelow, Mo., in 1914, he was raised in Mound City, Mo. After graduating from high school, he attended Northwest Missouri State College at Maryville. During the early years of the Depression Mr. Poynter returned to Mound City to work in the Exchange Bank. He couldnt work in his father bank, which had been closed by economic repercussions. Starting as a teller, he worked his way up to assistant cashier, then vice president. He was groomed to assume eventual control of the bank, but was drafted in February, five-mont- A C. We taltehahaa a4 an affar ta kvy m iperfvi (a the Stata Utah W wh ta Ht ef these mvrtia. lha ertacwitla ka NEW Of HR erd That $10 per mo. will buy a new telephone answering machine that will 1,1969 FEBRUARY answer your phono and record sages. Phone or write: mes- lk A UTAH CORPORATION 0EAUR. BE SALESMAN ANY MAKE TERING IZED DISCUSS HAVING THE PERSONS ANY PROSPtCTUS THE IMPLICATION THIDAIf HfRFOf ANY CONTAINED THOSE TO GIVE IN THE INFORMATION ANY PROSPECTUS AN0 NOR ANY THERE OR 0ISPIAY RESIDENT TIDE BEEN ANY PROSPECTUS DT THE THEREUNDER SALE HAS THE STATE IN THE ANY CREATE CIRCUMSTANCES ANY AFFAIRS OF THE COMPANY SINCE prica and 6 call . . . 29S-6S1- S, 39S-410- CAT TRAXCAVATOR Copy of below. Prospectus No far may be Value Preferred Nonassessable participatin' obtained from the Underwriter by Volin Stock completing and returning the eoupon OFFERING LIMITED TO BONA FIDE RESIDENTS DELGIRCORP. 136 East So. T.mpl. Salt lake City, Utah 141 OF STATE OF UTAH Gentlemen: Pleat tend me, without obligation, a copy of tho OK Motor., Inc. 2300 SO. MAIN, SALT ADDRESS .... CITY LAKE CALL 444 CITY, UTAH I ZIP. STATE Open Ives. Till 9:00 end electrical peril gee can be included nt ur financing. The Morning Star 24'x 4T with V We offer convenience, Aek ce 14 other e, Scare AND STATE Llv CAREFREE with flamalaui ELECTRIC HEAT LIFE CO. Delightful to live with . . . Gives you all these options place of business is cleanbecause er, other things being equal of flameless electric heat. It's pure as sunshine, and more comfortable too. in An America' largest Tax Service with Over 3000 Office j with ic Your customers will soon discover the difference. building qualifies you for the new, reduced rate on electricity. TODAY Dept. U-M E. tth South, Silt Lake City, Uleh Mill Serna, a C. Noronj me m0l9 mtormation peJit 949 E. 8th South I all-electr- Your Step up with the leaders. The. number of all -- electric commercial and industrial buildings in this area is growing. HR L MAIL THIS COUWN To Sail lake City, Utah 41 IU Phone: (801) BOTH FEDERAL CUARANTiE We guarantee accurate preparation of every tax return If we make any error that coat you any penalty or interest, we will poy the penalty or interest. Pia and about ear help yeu. 344-2- 3 All Electric! quick service, courtesy, guaranteed accuracy, and low cost. That combina. tion has made millions of BLOCK clients happyl We want to make you happy tool Coma in today. MATERIALS FOR INSIDE AND OUT AT A FIRM PRICE. Do the easy finishing work yoursalf OR subcontract for completion. Either wav you SAVE! Customer Parking R,ar of Stor 328-011- 7 Go afcnpt FURNISH AU FINISHING STREET 335 West 1st South Salt Lake City, Utah Phone 7, An template plumbing. e Heating. Mchn 245 SOUTH STATE Competitors -- DO YOUR financing WC DELIVER AND ERECT ON YOUR FOUNDATION. ENCLOSE YOUR HOME. AND Writ. P.O. Box 1415, Salt laic. City 84110 PRINT & SUPPLY CO. Mtg 13 6V4 job for qualified gal over 35. Take charge of bookkeeping sys terns, accounts receivable, etc. Coordinate with data processing. Salary commensurate with ability. Send brief resume. Confidential. Our em ployees know of this ad. Featuring Hamilton Furniture Vemco Drafting Machines Post Drawing Equipment Clearprint Papers David White & Gurley Transits-Lev- els Pickett Slide Rule Lufkin Tapes ... BLOCK capp Homes Wanted Top Cal. Acct. Bookkeeper Top level Carrier ducted heating and cooling IS LETTING THE HOME TEAM THAT GIVES YOU THE MOST FOR YOUR MONEY - DETROIT The (AP) Dodge division of Chrysler Is 20,306 recalling Corp. of trucks for replacement front wheel Parts at1(J inspection for brake possible defects the firm announced Called in for replacement mf the front wheel hub and drum assemblies were 15,605 1969 trucks. Dodge 0 CORPORATION Agent. HAPPINFSS . . AW Recalls Trucks Uil c .. NAME COMPANY WESTERN ROAD MACHINERY Prospec-tui.e- f casinos. But, of course, you have to have the cards. In a tax case, this means the facts. If the doctors lease had provided for applying 100 percent of the rent to the purchase, and the rent over five years equalled the purchase price, he would have bombed out. HEADQUARTERS FOR ENGINEERS & ARCHITECTS Model 933 Series "I" Crawler loader, sn with Diesel Engine with 1 alactric starling auxiliary gas engine hydraulic siJa dump bucket. Good Operating Condition If you play your cards right, you can win in Tax Court as well as in the --Moral? too much, so Ah, so, solly, said the Internal Revenue Service. The 25 percent that could apply against the purchase price was not a tax deductible item. That $1,050 a year was part of the cost of tho property. purchasing TTiat Is the law, said IRS. The law Is what we, not you, say it is, said the Tax Court. An amount paid as rental of a property under a contract giving the lessee an option to purchase will not be considered not to be a rental merely because the amount of $6,200 II $4,200. IRS So Solly' 11A-345- 5 . THE rental payments. So the Tax Court allowed the boctor to deduct the entire chase price. In the meantime, he deducted the $350 a month of rent on his income tax return. For the year, this came to $4,200. SHARES $1.00 Per Share Class o tourists nfean business. And adjacent prop-- e r t y owners ate in a position to prosper. A physician leased property along U.S. 50, not far from the state line. He paid $350 a month for & small resident unit, a real estate shack and a substandard dwelling. It was near his office, and he had a hope that maybe he could buy the property housing his office, combine it with the other property, and have a parcel big enough to put up a good-siz- e the motel. Therefore, property lease provided that he could purchase the property at any time within five years. If the property were purchased, 25 percent of the rent would apply against the pur- Go 100 Shara Blocks ONLY A t UTAH PIONEER intarait, 2SS-907- 9, individual, firm or c&fpouLon has guaranteed the purchase ot any securities desalted theiem and ottered thereby, and no assurance can be given that all or any number of the said securities will be sold. The Company is engaged in a very competitive field. The nature ot this business venturi it relatively ocw and the ottering most therefore be regarded as speculative securities. No 1,000,000 OFFERING PRICE: Ca-sln- estimate for any noise or space problem .th ... OffERS THE DELIVERY NEITHER OF UTAH UNDER SHALL CHANGE OR SOLICIT TO. NOW! Play Cards Right The Tax Court then looked at what happened. There was no agreement requiring the doctor to purchase the property. If the doctor did choose to exercise the option to purchase the property, there would be required a substantial down payment over and above the credit from the mean urists, and Call Us for FREE BEAT INFLATION 10 acrat far 1,350 par era. iW fowl ad lau than SS par only 4 portal, laft at thl. SUCH INTORMAIION OR REPRESENTATION MUST NOT AUTHORIZED BY 0 K MOTORS. INCORPORATED NO ONE INOI GROUP Of INDIVIDUALS OR ORGANIZATIONS HAVE BEEN AUTHOR- WITH. A BONA NOT THAN MADE OR BEEN OR OTTER THAT 0IHER IT GIVEN OR 0RGANIZAII0N TO FROM OF AND UPON AS RELIEO VlDUAL PERSON HAS BUN AUTHORIZED OR ANY OTHER REPRtSENlAliON CIRCULAR, J ACT , its value from the casinos located Just across the Nevada state line. Specialize in Hough NO much of Acoustical Catlings South Enclosures Movable Partitions Folding A Portable Partitions Resilient Floors A Carpet. IAC. Armstrong ASSOCIATED ELECTRONICS ENGS. 1044 I. 3rd I m.3717 Salt City, Utah 14 lOt OR Nevada-Californi- Noise But, We Controi It, Not Make It DO YOU KNOW: b oede enjr Ai At Fr flannf legally mof the rental payments or a portion thereof will be credited on the purchase price of the property if the option to pm-chase is exercised. The substance of the transaction will be considered." By William L. Rabv, CPh a Property near the state line at South Lake Tahoe, Cahf., acquires Jerry Hayes, president of Hayes Bros. Buick, will speak at the National Automobile Dealers convention in Houston this week. His subject will be operation of service and parts departments. M. mJI mar To Win in Tax Court, Play the Cards Right TiU'-t- . Continued from Page t'- -l against Inflation. For the current quarter, 57 percent expected prices to 2 percent said no rise; only one percent change; thought a decline was possible. The survey was taken before the election. Same businessmen may have changed their minds. But this is not yet evident in price behavior or inventory trends. Throughout 1968, inventories rose steadily. This was okay so long as sales were rising fast. Stocks on shelves or wholesale! s manufacturers, and retailers dropped from the 1966 high of nearly 1.6 months supply to close to 1.5 months. But a reversal has taken place. Its possible that stockpiling Is persisting after demand has slackened. A slide nas taken place in retail sales (seasonally adjusted). Here are the figures: Month Retail Sales $28 million July 29.04 million August 28.86 million September 28.71 million October 28.78 million November 28.03 million December To be sure, retail sales are still six percent above a year ago. But sales plans were even greater. Orders were placed and pipelines are being filled accordingly. Inference; Inventories will balloon, unless sales turn up. But businessmen are haunted. Can they afford to reduce Inventories in a period of e inflation? Here's ch quanJary: Which comes first, a change in price or a change in OMNIUM Reluctant Taxpayer Honey Crop Declines in The Challenge: Economic Growth Two Factors &rr yiitlilfii'iiifWl Phone or write for free information today: R. M. Pizza Sales and Marketing Dept. Utah Power & Light Company Box 899, Salt Lake City, Utah 84110 There is no obligation. air treatment Cooling and dehumidificatior. HumidificaHigh efficiency air- cleaning air High volume air for tion of winter-dr- y Heat pump for extra low operentertaining costs. ating You also get compact equipment. No flue, no flame and no fuel. Clean, filtered, circulating air to mahe you feel alert and alive. All the benefits of full central air conditioning. Whether you choose electric resistance heat or the versatile heat pump, Carrier has the ideal equipment for your home ... or business. Let us look over your building plans or examine your present home. We are air treatment experts. Heating space-savin- g, I Because ADDRESS, j TOWN OR JTATE. I j D RrD . lot. t own I don't own Phone lot but I could get one. . Its Electric, Its Better UTAH POWER & LIGHT CO. ZIR . I - j WEEKDAYS 9 A.M.-- 9 9.M. SATURDAY 9 5 No Appointment I - PH. 328 2591 UTAH ENGINEERING CO. 50 WEST TRUMAN PHONE 484-451- 1 AVE. |
