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Show yy w r f y rnnmr fry yy t ,rr--y r"rrro nr yr wg gp "N$r y gg rp srrrgqp -g m X The Salt .Lake Tribune, Wednesday, December 20 Mines SO, 1964 alt ak Smelter Process Thomas N. Walthier has been appointed special projects manager, a new post at Bear Creek Mining Co., .Paul A- - Bailey, president, announced Tuesday. Bear Creek is the domestic exploration subsidiary of Kenne-co- tt d tals Corp., uranium, lead and zinc mining firm, said Tuesday the firm Had acquired Utah-base- Got $1B,000 for Doozy of a Car? an INDIANAPOLIS Here is one of the designs under consideration for the new Duesenberg Corp. four-doluxury sedan Copper r" Corp.-- The Area Redevelopment Administration last week recom-- . mended creation of a metal ref- complex in Colorado as' an economic boost for that state, Utah,. New Mexico and Arizona. Chief recommendation of the report is a smelting process blast furnace to be located in one of the following cities by or- of 1962. der of preference: Glen wood Production Gilman, Ridgeway, Springs, Grand Junction, Leadville and illing Chain e NEW YORK (AP) The BVD Co., Inc., will acquire a chain of shirt shops and four men'? wear apparel compa- 160-rfo- re nies. Of Secrecies WASHINGTON House ' Banking countries raised TAP)- -A Committee re- claimed Tuesday many rose port banks keep their stockholders in the dark and the public about their operations. The report was based on a study prepared for the commitSTAUNTON, VA.. V(AP) tee by Prof. Gilbert R. Whitaker Electric Corp. Jr., Northwestern University, Westinghouse Tuesday announced price in- from answers to a Questioncreases of from two to six per naire sent to about 3,000 comcent on product lines at its air mercial banks. conditioning division. Chairman Wright Patman The increases apply to air made it public. conditioning and heating equipment for residential commercial Utility Income Up and industrial applications. SAN FRANCISCO (AP) -CaJn a statement, Westinghouse Utilities Co, said, Continuing increases in lifornia-Pacific labor rates and sharp upward Tuesday reported net income of trends in the prices of nonfer-rou-s $1,516,492 or $1.51 a share from metals, which constitute a operations in the 12 months endlarge part of air conditioning ed Nov. 30. The 1963 figures were $1,295,-24- 0 equipment, compel these upward price adjustments. and $1.28. Improved designs and the The company distributes elecvery best of tooling and methods tricity in California, Nevada, have not made it possible to Oregon, Idaho, Wyoming, Utah maintain former price levels in and Arizona; natural gas In the face of continuing increases California, Oregon and Nevada; in the cost of labor and liquid gas in California and Oregon, and has water and telephone systems. Revenue from ail sources was up 13 per cent this year. in Arizona To Hike Prices Pueblo. 160-Stor- Banks Accused i . Sol Kittayr-BVpresident, said contracts havebeen signed with the National Shirt Shops chain and the Fordham-Bardel- l Shirt Corp., Isabella Vieques Corp.. Livingston Shirt Corp. and the Janville Manufacturing D Co., Inc. BVD, which reported sales of $30,280,000 during the six months ended Sept. 30, is a diversified apparel manufacturing concern. Kittay said the acquisitions would boost BVD sales by about 40 million dollars a year. PN FLAT CAR) PlM2,3,4s5 Personalized one of many LOS ANGELES (AP)-F- red L. Hartley Tuesday was named chief executive officer of Union Oil Co. of California. Hartley, president since last Aitgust, suc- ceeds A. C. Rubel, still board chairman. shipper-oriente- d services now available on your Rio Grande Vol. 1,030 000 1,880 000 2,550 000 3,050,000 3,840 000 4,450,000 Hourly n 00 a.m. Vol. Histi Ind. New York Times Service easiNEW YORK-Fur- ther ness developed in the stock market Tuesday. Prices on the New York Stock Exchange closed generally lower, with losses of a point or more scattered throughout the list. r- -, 862 203 was dominated by and .yearend adjustments. Once again the gold shares stood out. Some, investment grade issues also resisted the downward trend. Stocks showing the largest losses included "the copper, g steel and airlines issues. Trading was orderly throughout the session, but a bit more brisk than on Mon Soerry Rd Mart Eases Buys Firms Office Shuffle 17 No Sms. Traded Advances Declines Unchanged New Highs New Lows 51 4 83 04 0 20 18 51 154 19 302 40 136 45 127 0 30 10 10 10 1,362 383 491 268 28 U 2nd Grade Rails Public Utils. Industrials Am Mfdv Am Tel Tel US Steel Survsh Min Pan Am 32H'H Fair Cam 13k un. Am Photos NORTH SALT LAKE, Dec. cents lowwxChoice top hogs, No 1, 25 to IftOOrNo 2, 16 50 to 17 25 Light sows 300 lbs and under 13 25 to 14 00, heavy sows 1150 to 12 50. Estimated 50 head. OGDEN (AP'USDA) Cattla and calves none. and gilts Hops 125; barrows higher than closa of, fast waak: Not enough sows sold to test prices; barrows and gilts several lots U S. 5 lb 8 18 90, 9 head 18 90; mixed 0 lb 17.40-1few 20; lb 15 6 sows individual 0 60; 3 50 Unch 92 69 88 60 94 37 0 05 0 06 44,700 44,100 43,400 34,600 33,500 31,000 184 66 51 25H 2r . 27H-1- 29,600' VS 6 VS Tuesday's Quotations l 8 10. Sheep None. LOS ANGELES (UPD Livestock trading In Los Angeles area feed lots- Producers stockyard at Artesla dairy H valley: VS Cattla selabla 800; slaughtar steers and heifers acnominal. Cows moderately tive. Steady to 2S cants more; bulls fully vs steady; feeders held for Wednesday's auction. Slaughter cows high utility and VS low standard 14 5 40; bulk utility 13 00 and cutter canner 9.00-1- 1 50; bulls utility and few commercial 18 high yielding 22.50; few cutters 14.75-100. Calves salable 100; slaughter classes a dollar more Good end Individual low choice lb 18 0 few standard lb 18 25; hogs and sheep none. Loa Angelas livestock. City of industry Cattla salable 450; slaughter cows moderately active Steady; other classes nominal; slaughter steers part load nominal ; steers a a r t load standard 10 80 lb 20 00; cows 50, high utility and low standard 14 bulk utility 13 4 00; cutter 11.50-100; a few canner 9 bulls; few utility calves none; hogs salable 60 held for later showing. ' Sheep none. slaughtar , total transportation operation, Rio Grande has a RailRoad combination to fit your physical distribution system. Customized train and truck schedules, too, equipment and high-speCali the Rio Grande "Answer Man near you for fast facts. Hes ready, willing and able to serve youl Banner, 25 at 45 00. Bullion, 1,000 at 6c Bullion Monarch, 500 Bf IVSc; ed - Jack Key, Traffic Manager, SALT LAKE CITY 322-574- 1 to. RioGranJe lJuMI'W RAILROAD Bank Clearings i 141371,777 00 43,593,081 82 498,997 45 28,160,344.02 at 42c., 1,500 COMPUTI INSURANCI COVRAOI INSURANCE AGENCY 1348 ft Iltb last at 40c ; 3,000 at 40c. Horn Silver, 3,000 at Vtc 200 at 12e; 500 at 9c. at Mammoth, 100 at 9 25; 100 at 9 12. Kashmir Oil, 200 at 5c. Norm Lilly, 1,200 at 80c. 2S0 at 3e. Park City Con., 1000 at Prince Con , 1,000 at V'jc Rico Argentine. 300 at Tmtlc Lead, 500 at 7c. Tintic Standard, 100 at 4 50 Water Wonderland, 4,000 at 9c. CHICAGO (UPD Livestock Hogs 6,000, rather slow; barrows and gilts fully 25, some 50 tower; sows about lb barrows and steady; No 75; 14 head at 18 00; mixed gilts 17 lb 16 7 50; lb 16.00-1- 6 75; No 3 lb 15 6 00; No. 0 lb sows 13 4 25; No 3 0 lb 12 500600 lb 12.00-1- 2 75. Cattle 1,200, calves 10; trading on slaughtar steers only moderately active, about steady; not enough slaughter heifers for market test; few sales steady, cows and bulls fairly active strong to 50 higher; two loads high (tiolcg and prlma around 1,250 lb slaughter steers 24 35; choice lb 23 75; good and choice 22 3 00; good 2yX- 22 00; standard and low good 17 two loads choice 1,000 lb slaughter 'nelf- - ars 1 4 Savings grow faster at STATE! Vi to' 1V4 faster! Get the higher rate Sci fte. several lots good 20 00; commercial cows 12 11 3 50; cutter to commercial bulls 14 50. Sheep 1,100; moderately active wool slaughter lambs fully steady; shorn lambs steady to strong; wool slaughter ewes steady; choice and prime around 100 lb wool slaughter lamb 22 00; choice 75 good and and prime lb 21 choice 20 1 25; good 19 00; cufl WASHINGTON (AP) The cash position of tha Tree jury compared with cor to good slaughter ewes 5.50-- 50. responding flats a year ago, s OMAHA Hogs 15,000; Dec. 13. 1961 Dac. 13, 1,64 5 0 and gilts lower; sows 1,024,326,579 31 f 688069,025 32 lb 16 0 25; Balancs Spots 75 lower; 52,119,652,566 71 53,006,558,608 16 5 lb 16 ib sows Deposits fiscal year July 1 60,408,430,312.79 fiscal year 61.543,988,145 86 Withdrawals 12 50. 310,866,161,997 92 318,941,182,212 47 (x) Cattle 5,500; calves 25; steers and Total debt 15,388,060,882-515,511,829449.97 6 heifers steady to 25 higher; cows higher; Gold assets (x) Includes 5286,233.290 55 debt not subject to statutory limit. high choice with end prime 1,175 Ib 00; steers 23 25; most choice 2? high choice with end prime 971 Ib heifers 2 22 65; most choice 21 50; utility and 75. cows 12 commercial Sheep 2,500; represented classes steady; NEW YORK (AP) John Worrell A Co., choice some with end prime wooled lambs 20 1 00; choice with end prime a meat packsr, reported a big Increase in sales and earnings In tha year ended to fall full wool 20.50, shorn shorn pelts Oct. 31. cull to good wooled ewes 4 0000. Profits totaled 54,694,216, er 53 84 a or 52.01 a share, against 52,453,778, share. In the previous yeerl Sales rosa to from 5613,393,591. 5655,678,682 U.S. Earnings Markets in Brief NEW YORK (AP) Stocks Lower; moderate trading Bonds Slightly lower; slow trading. Cotton Irregular; some liquidation. CHICAGO Wheat Lower; liquidation Com Mixed; export buying. Oats Lower; light trade Soybeans Lower; pessimism 50 cents to Instances Hogs Weak lower; top $18 00 Cattla Slaughter steers about steady; 824 35, Egg Market LOS ANGELES to retailers for distribution plants IVs higher), AA extra large (deiiverad A extra large 42'Vsr, AA 4 AA meA large large AA A medium dium 31'4-34- AA small A small roasters egg Poultry fryers wtd avg 15, type hens (delivered) (at ranch) 4 wtd avg 3 07. at Freed Rental Lease Co. FG3EED RENTAL LEASE COMPANY 4. M X., 2nd East 328-493- 1 Treasury t A NEW '65 CAR 47 South 500 Stock Index and : J Poors losing canner and cutter For Pleasure Or Business, FOLLOW THE TREND 1? & (AP) 23 50; utility 8c; BONOS Shields DKNVKR A RIO ORANOI WKSTKRN RAILROAD at Cardiff, 2,000 at 15c. Combined Metals, 1,000 at 16c. Comet Coal'n, 500 at 29c. t Cons. Eureka, 900 at 15c East Utah, 99 at 40c; 2,000 at 42c; 1000 Grand Deposit ,1 000 at 34c; 1000 at 34c; 300 at 34c? 5,000 at 36c ; 500 at 39c; SURITY total transportation 500 ,1VSC. Tuesdays Quotations Monday's bank debits Same dev last year Tuesday's clearings Same day last year Standard Quotations Salt Lake Stock'Exchange A Ne-SW- NEW YORK Ten Leading Stocks 49,500 47,200 Mr. Bailey also announced the division of Bear' Creeks southwest district into two new exploration areas: the Arizona district, covering Arizona and Livestock-Marke- ts NEW TORK (API- - Sales, dosing price and net change of the most active stocks Tuesday. Vol. Close Chs. Bronswk 167 50p 6 H RCA trict. T .Trading 204 25 203 74 203 62 203.67 86218 203 Low Clost r. Lehner Dow-Jone- Rails 865 53 863 24 863 14 162.52 868 78 858 26 Ind 140,200 56 500 204 96 202 88 Rails 154 81 153 03 59,800 Utils. 465 500 304 47 300 97 Comp. Commodity Futures Index is just Piggy-bac- k I Furnished by Oeodbodv A Co. Member of fht New Yerk stock Exchange Noon K00 p n 2 00 p m. 3.00 P TO Totol tronics line. Paul W. Huish, president of Huish Distributing Co.,' announced a new lineup in the exy ecutive team Tuesday. Alan E. Huish, currently vice president of the company takes over the additional job as manager of marketing for the com- Tire Sales Up Dow Jones Averages Tuesday president Since pany. S southern California, and the For - many vada distrief, inyears he was ascluding Nevada to Split Stock sociated with the and northern and central Calisenior Huish in YORK NEW (AP) The fornia. To Armstrong Thomas N. Walthier apPittston Co. directors voted a Robert E. Leh-- n new mission with Kenneeott. Co. Arm- ply split Tuesday, raised the e r (Arizona) which strong, current quarterly " dividend 10 and Robert E. handles heating cents to 50 cents a share and deHolt (Nevada) and air condi clared a 2 per cent stock divibeen have tioning lines, redend. The stock split, subject to named exploracently was made i s t r i c t NEW YORK (AP) The rubtion stockholders approval, is to be part of Huish Mr. Holt distributed May 28, 1965. managers for ber Industry experienced its Distributing. the two areas. best year in 1964, HarvejM S. Joe Carstensen, '1' Currently Mr. Lehner, who joined Bear Firestone Jr. 7 chairman of Fire- RCA Whirlpool sales manager, Creek in 1959,' has been senior stone Tire and Rubber Co. said becomes as. general sales manager. geologist in Utah, Alaska arid in a yearend statement. with Flint Distributing Formerly Arizona. Mr. Holt, a 1953 geoloSales reached new highs, he Co. as district manager he day. The turnover for the day gy graduate of the University of said. Profits continued to in- joined Huish in 1961 when the amounted to 4,450,000 shares, Utah, joined Bear Creek as field crease. I see no indication that firm took on the RCA Victor and with 3,990,000 compared geologist in the Eastern States, the shares the previous day. upturn the indusfry has en- RCA Whirlpool lines. Montana and Alaska. Losses in the key market joyed the past several years will not continue. Zion Park High averages were the largest in s several weeks. The sales tire Replacement Special to The Tribune industrial average dropped jumped by almost 11 million ZION NATIONAL PARK Su- 4.83 to 862.18, with no stock in units over 1963 to a now high of intendent Frank R 0berhan. NEW the group closing with a gain YORK (AP) The about 103 million units. With It,... sley reports a record has been or more than three-eightof Carborundum Co., Niagara retread sales included, the figure a point. . Falls, N.Y., said Tuesday it was almost 145 million tires. set for visitors at Zion National Park this year with more than Standard and Poors Index has completed acquisition of The original equipment ship- 700,000 visitors' recorded. of 500 stocks finished 0.26 lowBasic Carbon Corp., Sanborn, ments are to remain expected er at 83.97, or only slightly N.Y., and Falls Industries, strong. ' . above the low for the day at Inc., Solon, Ohio. Sulfur Use Jumps 83.79. The acquired companies The market was a bit narwere subsidiaries of Basic, A sharp NEW YORK (AP) rower than on Monday, with Inc., Cleveland, Ohio. increase in world consumption issues being traded declining The amount of money inA major change in distribution of sulfur occurred in 1964, end- -' to 1,362 from 1,370. volved was not disclosed. ing a decadqof oversupply. profile of the Intermountain - Declines Spot List -- of Huish DistriCo., is buting of Wells Distributing Co., and now becomes a competitor of Huish' in the elec- ... Directs Union Oil (D-Te- Tore CTRAILER world 1964 formerly general manager 1959 he has been exploration district manager for Bear Creek's southwest d 1 Arizona Top U.S. Copper Producer in 65; Utahs No. 2 four per cent, to a new record, Imained in second place with 16 copper production to a new reas the state supplied 55 per cent per cent. Montana, took third cord high. of the national total. Utah re-- place with production exceeding Imports of unmanufactured 105,000 tons, the highest in two copper into the United States bureau attributed italed 478,000 tons if the first 10 decades, declines of eight per cent in months, indicating a seven per Michigan and 15 per cent in Ne- cent increase for the year. vada to work stoppages. , Production gains in many Vote RichardW. Wells, Bear Creek in 1954 as senior geologist in the eastern w Distribut- Well Walthier district execu- ing Co. joined' due for Introduction in fall of 65. The descendant of the famed cars of the 20s and 30s will cost about $18,006. Here and There in Business U.S. WASHINGTON (AP) copper production, despite labor strikes in some" mines in July and August, set a new record this year. The Interior Department's Bureau of Mines Tuesday estimated mine 'production for the year at 1,244,000 tons, an increase of three per cent over 1963 and one per cent above the previous high 'Area has occurred lyith tive changes in Huish Distribut-- i n g Co. and creation of the i Mr. c said. New York News KCC Unit Fills New Managerial Office Special to The Tribune 'William R. McCorMOAB mick, president of Standard Me- Imoption on the ' perial Smelting process. in The process, developed England, anticipates possibility of the construction of a lead-zinsmelting plant at some location in the United States, he said. Among matters yet to be determined, he said, are location and a source of smelter feed. The process is now used by seven facilities in Europe, he Chicago Daily News Chicago Tribune Today in Area Business tj v Finance gfibtmr$tiiitt AP UP I New York Times Minin" Firm "From Utah Wins Option Markets UcensM CtiryslH Leasing Corp. - A - - Northwest endsd Nov. Net Income A share Seles A 30. Hines, Inc., for It months 1S64 523,716,796 5 19 192,985,723 Outlet Ce. (department store) months endsd Oct. 31. Net Income 5529,242 A shara Sales 1 06 19,501,285 196 9,326,107 2 56 154,786.359 iGEEIH for nine 577,164 76 cents 15,182,353 if: -- .'(jjiM;., |