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Show ytmrr ilnryii"y' yyy"'y y "Orlf TTTT Building Points to June Rise second the during quarter of 1964 prob- ably the big dropoff felt in the first three months o( this year. As a result, the Mr. Bernick firs half of 1964 will see the construction picture, totally, down about five to eight pec cent from 1963s first six months. This is the estimate of the Bureau of Economic and Business Research of the University of Utahs College of Business. wont-overco- me " f June, Salt Lake City, Utah June 28, 1964 Sunday Morning Firm Attains Stature in Just 2 Years Page One Engineering Technology, Inc., a firm founded by four Utah engineers, has gained national acceptance in the missile industry with production of filament winding machines. (En-Tec- ), i IF THESE FIGURES ARE dravyn out for the it is projected that some 3,561 new six months, residential units will be built, under construction, or permitted, for the remainder of 1964. And this, in turn, would compare with some 4,974 such units actually permitted during the first half of last year. IT ADDS UP TO ABOUT $55,212,700 in new residential .construction for the first half of 1963 versus an estimated $44,184,000 worth of dwelling unit building for the like term of 1964. , However, nonresidential (Le. commercial construction) is expected to hit nearly 39 million dollars in the first six months of this year, compared with actual construction in this category of $35,428,700 in the first six months of 1963. THE COMMERCIAL FIGURES do not include public works, highways, dams, utilities, etc.. Should the trends established during the first half of this year in total construction continue through 1964, then it Is apparent the total build" ing bill will be below 1963 levels. AS A RESULT, the company, located at 45 W. Louise Ave., projects sales of around a million dollars tm machlnes which" also may find wide application in construction, metallurgical, . chemical process and petroleum refining Industries. Larry J. r Ashton, a mechanical engineer-ingraduate of the University, of Utah, is president of founded two years ago with an investment of only $6,000. ; The four engineers got the idea while working in the tool and case design department of the Bacchus Works of Hercules Powder Co., originators of special type case or housing for solid-fue- l rocket engines. THE UTAHNS foresaw a day when - different types of machines would be required for the weaving of the filament Within a resin coating to form matrix which is the wall of the engine. While the missile and rocket industry has been the main Customer to date for the young Salt, Lake firm, Larry Ashton and his associates look to use of the filament process in constructing pipes where corrosion, strength (up to 200,000 pounds per square Inch stress), heat and electrical properties are important Thirty-two-year-o- ld En-Te- c, -- OBVIOUSLY, THERE HAS been a major expansion on conventional apartment house construction, a big leap in development of cond- Jan.-Jun- e 1964 1964, ominium. And there is a slack-of- f total construction is estimat- in develo- ed at between 17 to 18 million dollars, up from the Section C Halt fab g filming During the first five months of this year, contractors started construction of 2,849 new dwelling units, off 34 per cent from the like period a year ago. HOWEVER, GARY WELLS, who prepares the figures for the Bureaus Construction Report issues this cautionary note:, . "Seasonal and migrational factors could contribute to a better June construction picture than indicated, although' very Construction probably the six & months will be lower than last year. 1963 TT VJ Up and Down the Street By Robert W. Bemlck Tribune Business Editor Construction activity one of the kingpins of is expected to end this the Utah economy month on a higher note than in June a year ago. However, the major improvements shown in the total building of the private sector of the economy a y -r-- pment of low-cos- t, as well as luxury type, single-- $16,871,700 resi- family of June a year ago, the Bureau dential construction. says. Any importDuring May, ant changes 1 1 FEB. JAN. MAR.' APR. JUNE MAY the construction upward in the was at $19,012,-00Utah employment picture would greatly change the number, against $18,858,000 in May a year ago. and probably some of the patterns, in residenAnd April showed a big increase $23, 0 over the $20,153,900 of April, 1963. , . tial construction. Totally, it is estimated that first six months - SUCH EMPLOYMENT changes in the construction in Utah will be In the range of would add greatly to also segment 92 million dollars, compared with slightly the nonresidential construction bill. more than 100 million dollars for the first half An employe of the Rocketdyne division of North American AviaThis is likely to happen either this year or tion Co., Canoga Park, Calif., places glass filament on of last year. early in 1965 when some of the actual conCONTRIBUTING TO declines in 1964s first exstruction attendant to the quarter was a serioufc winter and a late spring of Division Utah Copper pansion program at that delayed start of building.. effected. is Kennecott in For example, March of this year, building1 Copper Corp. permits amounting to only $11,107,300 were isSIMILARLY, THERE should be an expansued in the state. This compared with $18,005,-40- 0 sion in construction in the financial sector, with in March last year. And March and April and branch banks contributing someare the big months for the start of spring con- new unit what to the commercial building bilL struction. H. A. Ensign, maintenance And there is built into the economy major at Kennecott Copin the building improvements including new buildings resultsuperintendent HOWEVER, THE DROP-OFBy Associated Press bill is more directly related to the changed pace ing from development of the downtown area. Utah Copper DiviCorp.s per 27 civic auditorium for Salt HOUSTON, TEX., June of construction of dwelling units single family, The Independent oil operators ate Lake County is an example. apartments, etc. becoming alarmed over the Crude oil production boom on federal leases off the Louisiana 0, 110,-90- man-ifacturi- WITH ADEQUATE Joining," I the filament structures would" pose competition to stainless steel and plastic lined or covered regular steel pipe. Associated with Mr. Ashton In c are vice president John E. Anderson, former resident of spool of rocket case weaving machine designed and manufactured by En-TeSalt Lake firm grossing $1 million annually. Fairview and a tool engineer ing graduate of Utah St at a University; chief tool engineer Joseph U- - Barlow, tool en- gineering graduate of Westmin ster College; Darrell Q. John-- ; Security-Bison, chief electronics engineer-an- d electrical engineering grad-- 1 uate of the U. of U., and Mark En-Te- c, Independents KCC Promotes Officer Office Approves First Alarmed by Of Division for Branch Refinery Coast Leases refinery, has been named F - fJ If VA-- I I fr - er. ? J :T Key Averages Top Record -- f ' New YOrk Time Servlo June 27 -A NEWJ YORK, file1 damper was slammed stock markets Incipient. summer rally early this week by series of uninspiring economic statistics, but the market- - easily marshalled strength to overcome the adverse elements of n -- economic news. HEED IKTRfl I1ELP TODAY? Men from Manpower are available immediately to help temporarily with plant, warehouse, shipping or outside work. Our famous Work Gloves mean were bonded, insured, and the very besf in temporary help. MANPOWER THE VERY SEST IN TEMPORARY HELP 170 Sob 7fh East EM TEFLON ' The key stock averages then proceeded to new highs In the weeks final sessions. . historic ar mid-Jun- rulon tiflon spray Dry lubricant A mold release. In spray cans. High thermal Sarving Induitry and Hi Individual Call or wntf for Uttratur or information PLASTIC PRODUCTS CO. OF UTAH 3340 S. W. Temple, P.O. Bex Snch . production . now t ex--e e e ds 500,000 barrels a day and recent discoveries indicate even brighter prospect for the near future. 141 S, HU than a year that an investor could buy a share of telephone for less than $100. LIKE RAILROAD shares, airline stocks found strong investor interest this week for some of the same reasons f The bulge in the industry's traffic and higher earnings. If1 fCdLA- Capacity, 7 Lift, Sid Shift Apron, Overhead Guard, Re- de-cli- APPOINTMENT was Tie comptroller of currency has approved an application by the First Security Bank of Utah for a branch bank In Roy, Sen. Wallace F. Bennett reported Saturday. It will be located In the vicinity of 5600 South and 6000 South announced Saturday by W. H. Burt, general superintendent of smelting and refining. Mr. Ensign joined Kennecott in 1943 and has held posts in milling and refining operations. These include supervisory, main- on tenance and industrial engineering positions. threat 1900 West. 8 . A.M.- -I P.M. 3370 U. - r ,v5 Ai CENTER- n. RENT-1- . g i mm gut T Mats HU aim znv oraifl SAVE YOUR CASH " vehicle or a fleet. - , Leas ono We specialize in Ford Econoline pickup or 5 . , ' truck, including! . Van. Ford pickup or ton with F250 model ton camper, 8 Ford heavy duty Five-yar- d water level single or 10z foot length. Transit 1 axle dump. dumps. mix trucks. Other. Ten-whe- 1 rd YOUR CHOICE ' Ll Straight lease or lease purchase. We buy your present longer car or truck. 14 years leasing experience than any other Utah Ford dealer. For truck leases or purchases see; Ted Newsom, Rulon - Fox, or Howard Newsom. YOU SAVE MORE Ini . m because PETTY JELLS MORE! Lae, lot., en offiliote of with Petty Meter in Week in Business job or adjustment to get It J , operating again LEASE ANY HUMBER OF -- I. imucK n - rpr-vi3 t n J U !! ; CONDITION PHONE DA -- and, OPEN SUNDAY ), AND WHEELER HAS THE TOOLS YOU NEED FOR RENT rppair could be a small one . . . but that machine worth , The thousands of dollars can be worthless to you if you lack fust the right tool. Wheeler's has a rental tool inventory of ever 175 separate pieces waiting for you next time a minor repair is needed. These are specialized tools . . . they elim- inate the need for you to carry an expensive tool Inventory. Tools vary from sprocket pullers to rethreading tools., basis with a $5 minirentals are computed on a daily-us- e mum. They can be shipped to your job or held for pick up. CALL 487-781- 1 ABOUT OUR TOOL RENTAL) For other than minor repairs use our fully equipped shops licensee 330 433 WEST 2nd SOUTH r, It may taka a simple repair : EXCELLENT THE THEY SAID ALU onshore producing areas are losing markets to two sources with relatively unlimited growth potential oil imports and offshore federal lease production. 'The potential of offshore production Is a very real matched only by imports, said Resume Shale Test Earl Turner, executive vice presSinclair Oil & Gas Co., which ident of the Texas Independent H. A. Ensign . . . Advanced says it has an improved method Producers & Royalty Owners at Kennecott Utah refinery. of shale oil extraction, has reAssn.. sumed its experiments in western Colorado. The "technique" is considered important to the future of the shale in Utahs Uintah Basin. built Engine. 3,350 refinery. H. Ashton,- - secretary-treasurewho is studying business engineering at the U. j nt FOR USE ANYWHERE . Tribun Washington Bureau sion June 27-- The WASHINGTON, of the operations superintendent MR. ENSIGN was graduated from ' the University of Utah with a degree in civil engineering. He is a member of the Relations .with Industry Committee of the American Society for Engineering Education and serves on the Industrial Advisory Committee on Education for the Utah Manufacturers Assn. The position previously was held by B. Blain Bradford, formerly division Industrial engineer for the Utah Copper Division. Mr. Bradford is now working for a Provo firm. the independ-er segment of the industry told the Interstate Oil.Compaet Commission this Week at Billings, Mont., oversupply and ' prices are reducing the ranis of the independents through sellouts, mergers and bankruptcy. Spokesmen-fo- HYSTER YT-4- 0 LIFT TRUCK 4,000-lb- ; AMERICAN Telephone and Telegraph Co., the nations most widely held security, moved to the top of the most active list on the New York Stock Exchange on Wednesday after the stock began trading on the split basis. With the split effective, it was the first time in more Pressure sensitive topes, pur Teflon ond Teflon Impregnate ed Fiberglat. High temperature silicon adhesive. Usa for hopper guides. Heat sealwherever ing plates Non Stick A low Friction Is needed. Slickest material known. Rolls to 12" wide to 3S Yards long. adhesive quality. downturn IN ADDITION, the market had to contend with potentially bearish factors such as the increasIssues led ingly serious tenor of the war in Investment-grad- e the parade in the closing ad- Viet Nam; the cold water Secvance. retary of . the Treasury Dillon Economists interview this tried to throw on hopes for excise week by the New York Times tax cuts this year or next, and were unanimous in agreeing that the remarks of Henry Ford n, the present expansionary trend who attacked the contract dewould be sustained for at least mands of the United Auto Workers and implied that a strike in nine months. the industry this summer could A few expect an accelerar not be ruled out tlon of the growth rate in the " IN ITS JUNE survey of current second half of 1964. business, the Commerce DepartThe reports that aroused con- - ment evinced considerable satisfaction with last months spurt in consumer spending and the unexpectedly good drop In the unemployment rate. Can You Use It? 4 cern this .week were the two ami eight-tenth- s per cent dip in Steel production,- - extending the industrys mild through four weeks: the 1 per cent decline In new-csale? in the 12 per cent, drop ' orders in May in machine-too-l the four from Aprils volume and contracts in cent downturn per for future construction recorded last month. coast - d 449 S.iVhin V. Ef-1- 1 Xb WEST 21 SO. SALT LAKE CITY, 487-781- 1 C9 pdCtNrpWtr are CATXSPSLLASt DIESEL ENGINES TRACTORS MOTOR GRADERS EARTHM0VING regteteeed Wediwrfri EQUIPMENT ef to Cetwptor Tmriei Ca. |