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Show The Salt Lake Tribune, Sunday, March Metals Mart Economic Turmoil at Home and Abroad Favorable s I'01' Copper eek Keeps Finaneial Marls Tense NEW YORK -D(AP) emand for copper remained strong this past week, with U S. producers unable to meet tiie needs of users at the producer price of 44 44,j cents a pound. As a result, copper consumers have been forced to continue to buy in nonproducer markets, where conditions were on the firm side. On the fabricator sector, trade reports indicated that for copper and brass oi dei-mill products have been at a to good level, according American Metal Market, daily newspaper of the metal induss try. These baby chicks are part of the $8 million poultry industry in Utah, which 1 Only Way to Customer buying, including the automobile industry, continued good. One of the largest copper producers, Phelps Dodge Corp., expressed optimism on the outlook for the industry, saying that 1969 ought to be a seasonal climate and heavy competition from the South has hampered. a satisfactory year. The Bureau of Mines reported this past w'eek that zinc consumption in the Unit- Go-- Up Utah Poultry Industry Battles Bach As a poultry center for the Intermountain West, Utah once exported 90 percent of all its poultry and poultry products. But today some 75 to 80 percent of all fryers consumed in the state are imported, states Ross Taylor, president of Beehive Poultry, a leading poultry processor. Many factors are responsible for the reverse Salt Laker Wins In Sales Contest R. Boyd Openshaw, parts department manager at Fred Carleson A. Pontiac, was named parts of manager the year in Pontiac's Denver zone. Grant Lee, statistician in charge, there were 1,711,000 chickens in Utah. Of these, some 1,326,000 were hens and against imports. He noted that poultry retails at prices usually below that of beef, an important factor in inflationary times. The Utah Crop and Livestock Reporting Service says about 2,600 Utah farms keep chickdns totaled 1,779,000 and sold for $1,195,000. Mr. Le noted that in January of this year monthly egg production was 24.2 million. This was 1.1 million more than in January, 1967. Though it has fallen beind, the state may strengthen Its poultry production in the fu- chickens. These range from a few dozen hens for home use to factory-typ- e operalarger tions. On Jan. 1, according to W. re- - He will One is the influx of fryers grown in southern states then packed in ice and shipped to Utah. Another is the higher cost of production in Utah due to its seasonal climate. Consumption meanwhile has increased significantly. Per capita consumption has doubled since 1941 to 40 pounds, Mr. Taylor noted. Mr. Taylor also believes that higher meat prices will push per capita consumption of chicken even higher and that Utah poultry products in the future will hold their ou n c e i v e his award and a to v a cation Puerto Rico in Of the 127 deal- - M . Openshaw region, Mr. chamachieved Openshaw pionship status by increasing total sales by 7.5 percent. Wholesale business Increased by 28.5 six-stat- e percent. who has Mr. Openshaw, been parts manager four years, oversees six employes. Estimates for OGDEN 500; week ended March 7: Cattle 125; compared 460 last week, calves 955 last year; tew slaughter steers and heifers about steady, but this class cows active, hardly tested; slaughter bulls 0 higher; Instances strong. 25 50 higher; feeder cattle strong to 50 higher good and Slaughter steers Individual 00; stanlb 25.00-2- 7 low choice lb Holstems dard and good heifers: Individual 22 20 24 60. Slaughter 6 00, good and choice 70(M,030 lb 22 20. few standard and low good 20 commerand cows: Utility Slaughter cial 17 0 60; canners and cutters 50. 15 Other slaughter classes 23 bulls commercial Utility and choice 00; choice 50; vealers lb slaughter calves 27 0 Couple lots choice Feeder steers lb calves and few prime 0 lb 4 14 othr choice27 tew 8u, 29 80; good calves 245 25 32 lb 1 lb 27 0 00; individual choice lb 25 CO 27 35, good 550900 choice and standard mixed 29 20 10; lb 24 good 50; lb Holstems 24 0 03, including sever,b Holstems 22 lb 24 70; utility and al lots lb Holstems 0 standard 20 60. 2 Feeder heifeers: several lots choice, 396-4lb fleshy calves few prime, lb 26 other choice 40; calves35, 26choice 00; 23.75-2- package mixed 0 good to calves 25, 24 6 good 531 lb 24 90; other good 21 4 20; good and choice stock cows age 00 a head; few other stock lb calvy 145 OFFICE FERMTEKE. & Reupholstery Refinishing Desk. $44G0 (metal) .File Cab . $2000 (metal) Wood Desk Refin!shing Reasonable Rates furniture IRbyal t 7 347 1 363-772- 7 Interiors Eamt 2nd South or Upholstery 363-295- 3 Rehnishtng (.arpet The Brunton Cadet Pocket Transit and Compass for ENGINEERING & GEOLOGY STUDENTS SNSTRUCTORS & SPORTSMEN Applications include basic mapping procedures, plotting, clinometer, alidade, prismatic compass, com- -' pass directions, and inclination of objects. '0 FOR ONLY aW PRINT A SUPPLY CO. 4 SOUTH STAIR STBfCT egg-typ- Meat-typ- (broiler) e ture because little poultry processing is being done in surrounding states, according to Mr. Taylor. in 1967. zinc of Consumption in brass and bronze mill products rose to 157,965 tons in from 131,537 tons in 1967 and in alloy to 549,457 tons from 535,118 tons 1968 zinc-bas- e a year earlier. Msior metals prices: 4 cants 4 Copper delivered; foreign 54 99 cants, Nw York pound, nominal, Lad 14 cents a pound, New York 80 cents. St. Louis Zinc U cents a pound, East St. Louis; 14' cants. New York. 77 cents a pound, unalAluminum loyed ingots, delivered. 45 75 cants pound, Antimony bulk, 99 5 percent, canots, producer's plant cants a pound 35 Magnesium Inoot. 58 62 cants par ton Manganese ora unit of 45 50 percent. SI 30 a pound, electrolytic Nickel cathodes Pott Colbotne, Ont Platinum $120125 an olrtco $1 885 e ounce, New York; Silver pence, London. a pound, Nw York Tin $1.43 a flask (74 $532 Quicksilver pounds), New York a ton unit, short $43 ora Tungsten duly extra. 13 Intermountain Livestock Markets May. Pontiac ers in the pullets of laying age. Lest year some 280 million eggs were produced in Utah, same as the year before. In 1967 274 million eggs were sold for about $6,667,000, Mr. Lee said. In 1967, the last year for which the service has completed records, some 809,000 e (cull hens) chickens also sold for $174,000. ed States increased in 1968 to 1,338 608 tons from 1,236,808 tons in 1967. Slab zinc use in galvanizing operations edged up to 459.077 tons from 458,605 tons a year earlier. Declines in consumption of galvanizing wire and rope, ube and pipe and structural shapes were more than offset by an increase In slab zinc used in sheet and strip. Slab zinc used in coating sheet and strip increased to 255,885 tons from 236,135 tons MM CUSTOMER PARKIN IAR Of STORI 17.80-2- 0 COWS 80 CWT. 160; compared 45 last week year. Barrows and gilts: About steady with last test i vo weeks ago; couple lots 0 to 2 21.00; lb Hogs 125 last 20 0 90. Sows: Scarce; 0 3 to 13 last week, 130; compared Sheep last year; all classes about steady with last test two weeks age. Pooled slaughter lambs; few small lots choice ewes: 50. Slaughter lb 27 Cull to good wooled 3 package fresh shorn utility and good 6.50. Feedlb er lambs: Choice, few fancy, 25 120 27.50-2- 50. UTAH EASTERN NEVADA Feed lot and range sales for week ended March 7: Cattle Slaughier steers and heifers active strong to mostly higher; west coast interests continue to be good rrvxt (ARrilnU vary furrnt feeder cattle moderately active, strong on small supply available for immedino new contracts coo ate delivery; firmed. No confirmed sales of old crop slaughter iambs, contracting for summer and fait delivery of slaughter and feeder lambs active, fully steady with first contracts confirmed last week; wool sales firm on small volume; mud continues to be a problem with cattle being adiusted accordingly. steers: Confirmed 3,225? Slaughter Idaho 3,185, Utah 40; choice lb, yield grades 24 28 0029 00; fully 2,000 head at latter price in western and south central Idaho, contracted for March and April delivery; mixed good lb 27.50-2and choice 00; nood 5 50. 1,1801 300 lb Holstems 25 865; Confirmed heifers: Slaughter 5 lb Idaho 775, Uah 90; choice loads few 7 00? 26 4 yield grades and Idaho western In at latter price high dressing PTntage; guaranteed 0 lb mixed good and choice cattle F O B. 25 5026.50; most slaughter pet shrink, plus mod dock, feedlot, delivery unless for Immediate to otherwise stated; some on oeilvered freight. basis included Idaho Feeder cattle Confirmed 1.520; Utah 400; all for InwNkfi 1,120; lb delivery; choice and prime mixed good steers 29 2 00; part load choice, and choice 610 lb steers 28 00; 750 800 lb steers, 27 7528 00; few prim haul; few latter price delivered. to heifers lots choice and prime, lot choice mixed 00; calves 77 steers end helpers 475 lb 28 00; standard and mostly good 950 lb Holstein steers J 25 00; 350 choice end few prime calve stock cows, some with year-olCO heed or calves on ground, CIO FOB weighing point, pair; all feeders 4 pet shrink. equivalent Idaho Confirmed 81,750; Sheep 46.750, Utah 35,000; In Idaho, for choice and prime slaughter lambs out of lead bands for late June and early July delivery, 28 00; other mixed slaughter y,nd feeder lambs for late Julv ana Au25 00, gust straight delivery across; some at tatter price slaughter lambs only, in Utah, to Septembe and feeder mixed slaughter delivery; lambs 29 00; ail FOB. weighing point, overnight stand or equivalent 4 pet shrink; 1,750 first lambing In April and May; . .olee and fanch yearling and whltefare ewes in the wool 36 00 e head, Immediate delivery. Wool: Confirmed 6,000 fleeces; spin count, staple, 44 mostly grease, FOB. shearing pens. Confirmed la.t week: 3,385 slaughter 300 heifers, 1,380 steers, slaughter slauahter cows, 6,465 feeder cattle, 16,10 sheep, 19,500 fleeces Lest year: 4,610 1,253 3.030 1,200 26,500. IDAHO )!, NORTH SALT LAKE Summery of Producers Livestock Market for week ended Friday: Hogs: 178. Fully steady with last week. Sheep: 70. Slaughter lambs 25 to 50 higher. Good and choice 27.00 to 28 40. All slaughter desses were Cattle 25 or more higher. Feeder steers 50 higher. Steer calves not as attractive as in past weeks and fell in favor of the seller. So.d mostly from 17.00 to Cows 21.25 with high yielding standard cows to 22.40. Slaughter bulls 21.25 to 24 50. Fed Cattle Good and choice fed steers 25 50 to 27 20 Standard to low good 22 75 to 24 70. Good to low choice fed heifers 25 00 to 26 40. Feeder Cal i It Choice 550 to 800 pound fed steers 27 25 to X 50 Hoi. feeder steers 22.30 to 23.65. SMITHFIELD Livestock auction p Ia CrMav Hjiry CCW $375 iC, iood to choict dairy cows and heifers 00; smaller common dairy heifer-ett- s cows 220 18 75; utility and commercial cows 19 canner and cutter 75; cows 14 5018 75; bulls 21 40; Hereford stock steer calves 28 60; Hereford stock heifer calves 24 50 - 27.50 n 00; yearling stock steers 23 steers 300 to 500 lbs 24 5; Holstein steers 5C9 to 900 lbs 21.50-260; fed Holstein steers 21 3 60; choice fed steers 23.25-2- 5 40; Holstein heifers 300 to 500 lbs 25 lambs 21 hogs 19 0 50; new bom 00. Market bull calves 22 active and strong. Prices held steady with last week. continued from Page an agreement with tiie Justice Meanwhile, the bond buyer bond Department. index of Tiie slight (0.2 peieent) yields jumped 15100ths of a percentage point, reflecting easing in steel production for the shat pest decline in municthe latest eek to 2.75 million ipal bond prices in seven tons, 5.000 tons below tiie months. The index was posted week befoie, wlten output at 5.19 percent, its highest real hed an high. level since January, 1934. The 28 percent jump in In tiie corporate bond marconstruction contract awards ket, a new utility issue rated for January to $4 8 billion as A by Moody's was priced to reported by the F. V. Dodge yield 7.7 percent, a new top Corp. mark in American financial First National City Bank's history. survey that found profits last year of 2,820 corporations to Speeding be 10 percent over 1967 earnConsumer spending, hobbled ings. by higher income and social The warning against tiie security taxes has not accelercurrent high level of securiated in recent months. Conties speculation by tiie Investsumer credit showed a slower ment Bankers Association of rate of growth in tiie first America. month of 1959, continuing the The $19 2 million rise ir, trend that set in late last Britain's gold and convertible year. And retail inventories currency reserves during Febare said to be getting heavy. ruary to a total of $2.45 bilOffsetting these indicators lion. levels of are the Gas, Oil Prices I p car sales and business capital Tiie spread of the recent spending. Detroit's sales last month spurted 10 percent gasoline and crude oil price above a ypar earlier, thanks tiie to virtually increases to a late nu.iih surge that whole domestic industry. saw unit volume climb almost Tiie 14 percent drop in 20 percent in the final week. sales of imported automobiles during February chiefly as a Other Developments result of the U.S. dock strike, Other major financial, busiwhich was also a factor in the ness and economic developlI.S. overall trade surplus of ments this week included: $115 6 million for January on The Treasury Departa 33.5 percent decline in ments report that redemp- imports while exports were tions of savings bonds and dropping 27.9 ne freedom shares in January exceeded sales by $13 million, SALE marking the third consecutive DOW outflow. monthly Sheets 2"x24"x1 08 $11.50 SEConsummation of a big RIAL S1MJM tor merger in the oil Industry when Atlantic, Richfield and etc 'eclair Oil joined forces after C- -l nomic adviser, sounded a fairly scong note of warning this week to business and labor. Hp said that price and wage decisions in 1969 must be consistent with the economic of the future, environment which will be less inflationary," If business ignores the administration's determination to halt inflation, he added, it would face "uncomfortably soft markets in this newr environment. Other economic policies of the new administration appear to be maintenance of foreign investment conti ols, but with easing of some regulations, and a determination to take a firmer stand on tariff and trade problems. Gold Buyers Active two-tie- far The French government, which faces a general strike on Tuesday, wants to holu wage increases to four percent, while union demands have been running as high as 12 V Special to The Tribune MINN. -MINNEAPOLIS, General Mills, Inc., lias tpred appointed Henry H. Finch headquar-Minueapoii- a corporate vice president. Mr. Finch, a native of Folk, Spanish has Utah, associbeen ated with the company since 1937. He has held a variety of positions, including office manager at Tacoma, Wash., chief accountant and purchasing agent ,n San Fratuisco, and since 1961 director of purchases in the general offices at Minneapolis. For your convenience ve have provided delivery schedules from grating ITHA-FOA- Percent Demand 12 Utahn Gains Higher Post eight-mont- Gold buyers in Paris, London and Zurich were active in bidding up the price of the yellow metal to the highest r leels since the price alestablished was system most a year ago. The quotation went above the $43 an ounce in Britain, above $48 in France and above $44 in Switzerland beyond the official standard. Speculators were betting that France would not be able to control inflation and resist the strong wage demands of labor unions that would weaken the country's balance of payments and perhaps lead to a devaluation of the franc. C3 3, 19G9 Domestic money problems and interest rates were also in the news this week. As the Federal Reserve continued to tighten credit, interest rates climbed to new heights and the two most populous states New York and California found they could not sell bonds. With loan demand strong the the cost of money high, the banks are under pressure to raise their prime lending rate. This pressure will probably continue until the middle when the taxof April, borrowing period ends. Moderating Influences Two moderating influences might prevent a prime rate increase. One is the strong political pressure against it from Washington. The other is the recent steadiness of the treasury bill rate. 1969 LEASE percent. Days to Deliver 10 SLC PONTIAC Fiom Chicago Illinois AS LOW AS from Pittsburgh, . Pennsylvania From Cotton Dale, Alabama . . . $5300 Per Month FREE - 4 - 7 AND WE CHANGE THE OIL SEE John Gibb LEASE MGR. FRED 535 So. Main 2 10 A. 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