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Show wywyyaytywynaBWyi tgpiiir "i "'f" " ip" n Tiripny)nyT',miTn tappriyiij' ynrTrTT iTW Tgi W" lortrai"in"' tflf't" if!1 W V gjgy " 48 ! salt fall (Tribune Dusiiiiss GM to Alter Pattern of Mines Page Tuesday, November 5, 1968 Second Section Operations Markets Finance - On Market New York Times ServirP NEW YORK Stock prices dosed slightly lower Monday after a late rally trimmed losses posted in earlier trading. Price declines on the New York Stock Exchange outnumbered advances by a ratio at but the downside margin was cut to less than 100 issues in ihe final tally of 712 losers and 614 winners. - USSR&M Appoints Traffic Manager , Francis Webb has been named traffic manager for United States Smelting Refin- At the same time, the comits yearend dividend on common stock and disclosed a number of pany increased high-leve- ing and Mining Co., it was a nnounced Monday by J. management l Vhanges, some of them related to the manufacturing reorganization. The manufacturing changes, GMs Clievrolet, Involving Fisher Body, assembly and Ternstedt divisions, are the most significant in years for the nation's largest industrial enterprise. The result will be a substantial increase in the operating responsibility of the assembly division. Twelve assembly plants "previously operated by the frlsher Body and Chevrolet divisions will be consolidated Into six planls operated by the expanded assembly division. The Ternstedt Division will be consolidated into the Fisher Body division. The company declared a yearend dividend of $1.50 a share, payable Dec. 10 to stockholders of record Nov. 14. A year ago, the company "declared a yearend payment 0$ $1.25 a share. GM has paid yparend dividends of as much as $2.25 a share in previous PARTLY I CLOUDY CLOUDY' SNOW snow FLURRIES J rsri m-- WIND FRONTaa STATIC V SHOWERS WARM FRONT COLD FRONT vice president of mining and oil operations. M r. Webb succeeds Omar O. Victor, who has re- Jr., XHIICKCU nj HIOM TIMPUATUIII FOtFCMT skies in the northern part of Intermountain Area; fair skies in the south. The weather forecast map for Tuesday indicates from cloudy to partly cloudy From U.$. Weather Bureau Partly cloudy to cloudy skies will ba over the northern and central portions of the Intermountain Region Tuesday, with generally fair skies in the souih and east. Some shower activity can be expected In the cloudy regions. It will bn cooler at night, but otherwise little temperature change is expect! Data TEMPERATURI Considerable Eastern Nevada With few snow cloudiness Tuesday f u ries mountains. Fair Tuesthrough day night and Wednesday. Cooler Tuesday night. Lows 26 to 36a hign Tuesday in 60s. Idaho Southeast Partly cloudy Tuesday and early Tuesday night with few snow flurries through mountains. Wednesday, fair. Lows 25 to 36 highs Tuesday 45 to 55. CHART Southwest Considerable Idaho clouds Tuesday with few snow flurries southern mountains Tuesday. Fair Tuesday night end Wednesday.30s Cooler night. highs TuesLows In upper 20s and day In 50s. Cloudiness diminishing Wyoming Tuesday. Partly cloudy Tuesday night end Wednesday 4ltt a chance of snow cr howers mosiiy in mountain areas. Colder central and test Tuesday. Lows Tuesday night 25 to 35 southeast, 20 to 30 north and west and 10 to 20 In the meu iams. H ghs Tuesday 40 to 50 at lower evelvations and 35 to 45 in the (Copyright) mcuntains. the trough that was over Summary the erea of western Nevada, central Washington and central Oregon Sunday moved eastward into the central por- BismarcK Chicago Detroit Duluth Kansas City Minneapolis Oklahoma City Omaha St. Louis tions of the intermountain region Mon. day. Showers occured over southeastern Nevada, northern Idaho, Northeastern Utah, Montana and Wyoming. Some areas in Montana experienced some snow with two Inches on the ground at Butte end three inches at West Yellowstone. Skies were generally cloudy to partly cloudy over the entire west under the influence of the trough. The cold front Monday afternoon was from the Grand Junction area of western Coioiado to the Cedar City area of Utah and became very southwestern weak. Winds were gusty in some places, especially In the Snake River valley of southeastern Idaho. Lows were generally in the 30s and 40s with tha coldest In Utah at Bryce Canyon with 21. Afternoon readings were tln the 30s In the a d snow areas Into the 40s and 50b elsewhere and into the 70s in the southern portion of the area. 44 jj JJ 47 ft 50 4 jt M Bast Boston New York City Pittsburgh Washington, D.C. Make more $ IheVWSquarebacle. ,f uf your luggage in the front Trunk ond your worries behind you. ... to 51 South HavtmoriS Atlanta Birmingham Louisvilia Miami New Orleans with THE BETTER WAY. VOLKSWAGEN INTERMOUNTAIN PH.486-211- 1 ..j) M ... 71 61 j6 'in gj 60 Southwest 3 Albuquerque El Paso 77 Fl, Worth 67 Phoenix ? San Antonio 70 BO Tucson Salt Lake Weather Data! tlon tor period ended Monday at J p.m., .07; precipitation for November, .07; accumulative deficiency. .13; precipitation since Oct. 1, i960, 1.71; accumulative excess, .36; sunrise Tues day, 7:03 MST; sunset, 5:20 MST. SPAN AMERICA ENTERPRISES, INC. S 754 West 1700 South SalUake City, Utah 04104 Phone 4071613 Salt Lake City, Ogden end Prove Qaairo dMB WB mils WHEN APPEARANCE COUMTSW, Computer Firm Names New Marketing Aide Richard J. Benson, former manager of the Utah Valley Industrial Development Assn., has joined International Computer Sys--t e m s, I nc., fmVaAUY from YiW -- Salt Lake :. City, A Woman's it BEST Accessory is A was announced Monday. ICSI, incor- Well Dressed MAN For the Coming Social Season, Formal the West's Finest Selection of Party Attire. Qivilliii G3EB CHID I and Semi - formal. King's Row has qiSIB Rental and Sales Department TRUCK RENTAL CENTER time-sharin- g Calif. vision. ARRCO Industries executive vice president Huch Aold said the subsidiary will dis- tribute, service and maintain Toyota fork lifts and other Implements of the Toyota franchise lines. ARRCO Industries, 1859 S. 8th West, also is marketing and distribution headquarters for the western U.S. for the Polaris snowmobile and other Polaris tracked vehicles. Polaris recently opened its third tracked vehicle manufacturing plant at Afton, 322-025- mii-lio- mil-lio- "a"al Special to The Tribune POCATELLO Ralph A. Watson has been named manager of FMC Corp.s Mineral Develop m e n t - Department, it was announced here Monday. Mr. Watson succeeds O. A. who Power, retired in June. Mr. Watson will supervise the work of 20 Mr. Watson Amer-lea-n mem- new struc- approved To Close Nov. 11 The exchanges also will close Nov. 11 Veterans Day. Ordinarily they have operated on this date. So, too, will they be closed on Nov. 20 a Wednesday. The middle day of the business week generally has been a closed catch up day for the exchanges ever since early summer. Nothing on December The exchanges also will be closed on Thanksgiving, Nov. 28, as is custom. Nov. 20 will mark the only Wednesday closing pf the month. No announcements have been made concerning the possibility of additional closings in December. brokerage ture. - commission The new program is effective Dec. 5. New York Stock Exchange members earlier approved a similar plan. The plan basically provides for a discount on transactions of more than 1,000 shares; " in abolition of which a customer tells his broker to share his commission with other brokers, and changes in commissions that one member broker charges give-ups- another. for the Great Northern Railway at St. Paul, Minn. FMCs Mineral Development Department serves as consultant to FMCs processing plants. It also has responsibility for developing new mining techniques, the provision of geologic information, the location and definition of reserves and discovery ani. acquisition of new minerals and metals for future product South Vietnams refusal to participate in the Paris nego-- .' tiations with representatives of the Viet Cong was another unsettling factor. The WASHINGTON (AP) treasaverage yield on ury bills rose for the sixth straight week at Monday's the Treasury reauction, ported. It was the longest uphill bill run in rates since late 1965. y The yield on $1.6 billion of bills averaged 5.554 percent, compared with 5.471 percent last week. It was the highest rate since the sale of June 17, when the discount averaged 5.578 percent. y 2 Suits Seek $4 Million COLUMBUS, OHIO (AP) -Damage suits totaling $4.2 million were filed in U.S. District Court here Monday. Ranco Motors Ltd. of Glasgow, Scotland, and Ranco Italiana of Como, Italy, filed a joint action seeking $3.6 million from Emerson Electric Co. of St. Louis, Mo. for breach of contract. The petition claimed Emerson had failed to provide specifications and designs of new electric motors in keeping with a $544,615 contract. Peabody Coal Co. and two other companies were named in a $600,000 wrongful death action filed by Benjamin C. Lahna of near Coshocton. He charged Peabody, its Kennecott Copper Corp., and Texas Eastern parent Transmission Co. were negligent in a gas explosion last June 1 in Coshocton County which claimed his sons life. $1.1 billion of bills, also moving upward for the sixth straight week, the yield was 5.616 per5.633 cent, highest since percent of June 17 and up from last week's 5.473 percent. The rate on the bills is the equivalent of 5.71 percent on securities, that of the longer issue y g coupon-bearin- 5.86 percent. County Studies Golf Fence Bid 182-da- y 2 GAL Construction Co., Salt Lake City, Monday submitted a $13,512 bid for 6,772 feet of t high fencing and eight gates for Mountain View Golf Course, 8860 S. 2400 West. The lone bid was turned over to the Salt Lake County contracts office and recreatfive-foo- 00 The late rally appeared off some of these fears. s The Industrial Av-erage, down almost 6 points at its lowest reading, finished with a loss of 2.18 points, at Dow-Jone- 946.23. ended lower in dull trading. At the final bell, 530 issues had lost ground and 316 The advanced. exchange's ; index closed off 8 cents at (Copyright) Companies Tell Profits Hike After Surcharge NEW YORK (AP) This week only . . . of our new high quality wishes to thank our many customers and friends who were so patient with us during our recent three-wee- k I7FEB DD3TTQl2)ll!l(STKY 30"x66" its November economic letter i that the third quarter increase was an even than the 9 percent rise reported in the first half, better-showin- . Many observers had expected profits to be hard hit by a slowdown in the economy predicted to follow imposition of the surtax and settlement of the steel wage negotiations, the letter said. However, an unexpected in consumer and upsurge business demand was instrumental in helping firms to offset rising costs of labor and materials. inThe largest creases in profits occurred among industries which were hit by strikes a year ago autos, rubber and nonferrous metals. Strong gains also were reported by the aerospace, computer and paper industries, retail trade, railroads and trucking. The major discordant note in the profit picture was sounded by the steel industry. Forty-eigh- t steel companies reported after-taearnings down 63 percent ' from the strong second quarter. year-to-ye- x Chairman of Fund Special to The Tribune R. I. TROVIDENCE, Compare to $350-$42- Desks. With 229.95. Also available: Secretarial return and Executive return desks; Matching files end credenzas. MUST SEE TO APPRElocks Mill-cree- to serve as fund chairmen. ... a little better and worlds apart. 9 9 1436 South West Tempi Sail Lake City, Utah 9 9 9 extension drawer slide! Triple coaled chrome leg units and matching hardware Decorative groining an all units High pressure laminated tops Full pedestal locks an all drawer unlit leveling glides Front one! side medeuty screens Vertically channeled front modesty screen Full progressive suspension Ella drawer CIATE. MSY FIRMS Open Monday and friday Till 9 p.m. Iliimr mill Oilin' l itiitiluic Sait Lake City and Surrounding Areas si the lertsst csrpsrsttsni et Its kind Is see llcenslnt iiclsilvs ifinUsM le ill eriecels irin. First tins ettered ts sss rsrpohiitls athicst psrsoc Is iris. Ns HMritnci scctssary ts see as spirals tils Saimiii. One tried is! sad This is Its salt cueists s rat rim si its kind in its mirkst today. Onr tyss lirvtdi ire at ill butmtutl. selling toads sr itrvicii of tried. Ifottn snd Itidsd. toar mirkst Is 13 any kind ts Iks ratall pubtre. ton do nol have imilgyu irdltmt snd svartitad Is ml. Thu IS I Sine llvt dsy esik operation and knips you married in ynur will nil ynm Sniinntl. Tna mm thus ditlsrent ticnptlonally high mcomn entkly. monthly nnd eeerterty whick In product esrnings in residual kills II hours n dsy. sum dsys I eiih. Wd In IlniKini iccpunti rncinihli lor sl lypss g busintiini selling nds er innlcil to thn riUH public ehtrahy 30 dny Pi rauolulnt chntis miy hi trtundsd In their cnitomors and as do ill the tlninciat. billmi snd coiliclng with hgh ipsud computers swd ee credit reports art rsgislred. Purs Ip an Initial Inuastminl only (priced sccardlot It terrlltry) and ne Nsrlher monlai art rntilrad by On clip, tr pure him. Far ptnonil isttryln call I A. IMP F.M. I mid S OS 355-533- 6 SO. STATI Plenty el Fill Parking South sF Stare DON ELLINGSON 638 MINIMUM tff m t carpereMe eftMtet) preterite eri reperifo (801) $5000 J -H- k G. Wagner, has Way (3495 South), been named Utah chairman of the Brown University Fund. The school has selected about 100 alumni around the nation 1779 BUSINESS OPPORTUNITY Without locks 2 only to come. We are ready to serve you as usual with our quality LAKE CABINET AND FIXTURE COMPANY Corpo- cynimuF EXECUTIVE DESK strike our first in 48 years and, hopefully, our last for many years FETZER'S SALT tional Association of Counties. OFFICE FURNITURE strike. We sincerely regret any inconvenience caused you because of this products Salt Lake County commissioners Monday approved payment of $1,557 to cover a 1969 membership in the Na- - rate profits in the third quarter of 1968 were 12 percent over the level reported in the, same period last year despite the 10 percent tax surcharge. The First National City Bank of New York reported in-- ' owell County Okays Fee SALT LAKE CABINET & FIXTURE COMPANY : $30.26. ion department for study. $8,500. Indicators dosed with small gains. Most prices on the Ameri-- j can Stock Exchange also; The preliminary estimate was Quality at a Fair Pricel Loss 2.18-Poi- Broader-base- d Treasury Bill Yields Rise - average the On ,T Uncertainty about the of Tuesdays presidential election appeared to be the major factor in the weak-nes- s that affected the market for most of the session. Francis Webb development persons at FMCs Mineral Development Department here. Prior to joining FMC, Mr. Watson was director of mineral research and development .1 out-co- FMC Names Minerals Manager NEW YORK (AP) Stock exstock will be closed Tueselection day. day While it is a traditional closing day for the exchanges, many brokerage offices will probably use the time to catch up on the backlog of paper work that still hangs over the securities industry. Doors will be locked, however, to the public. close. To new HSSE&M post. Mart 0ka s Election Day Fee S'slem Closes All Stock Marts bers Exchange have a nations half-hou- ecutive committee of the Na 1 Industry Traffic League. He served two years as regional vice president, two years as vice c..ain. an and two years as chairman of 01 n shares against 14.48 n on Friday. However, activity picked up in the final when prices were meving toward their highest readings of the day. The exchanges ticker tape was running three minutes late at the atl o n Wyo., which now employs 200. FORMAL WEAR 486-20- 28 521-41- porated at the first of the year, markets its products through its Datacap Systems cencomputer ters. Centers have been franchised in Salt Lake City, Las Vegas, Nev., and Pasadena, KING'S ROW 342 W. 13th So. SUNDAY PHONE as vice ARRCO Industries Inc., Salt Lake City, wholly owned subsidiary of Textron Division of Polaris Industries, Roseau, named has been Minn., Idaho-Uta- h distributor for Toyota Motor Sales, U.S.A. Inc. Industrial Equipment Di- The changes Volume Light Volume was comparatively light, amounting to 10.93 ganizations. For severa1 years Mr. Victor was a member of the ex- A rea Distributor clouds Tuesday becoming Considerable fair Tuesday n9ht and Wednesday. Lows 30 1o 35. Highs Tuesday in the . Probibilhv of rain 10 percent Tuesday and Tuesday night. Utah Ccmiderable clouds Tuesday with few snew flurries through mountains. Wednesday, fair. Lowi in upper 20s end 30s, highs Tuesday in 60s. mid-sessio- n During his many years with the firm, he was active in lr.ral and national traffic or- Mr. Webb joined USSR&M in Salt Lake City as a traffic clerk in 1936. He was named chief traffic clerk in 1943 and assistant traffic manager in OF Sun Wont Win Any Election Today He is a native of Salt Lake City and was rate clerk for eight years for the old Salt Lake and Utah Railway prior to joining USSR&M. manager. tired. But Hes Got Our Vote 1946. Mr. Victor joined the firm in 1930 and was named traffic manager in 1940. In 1943 he was named general traffic Neuman V. years. .The total payment for 1968 will be $4.30 a share, including this years quarterly dividends, compared with $3.80 a share in 1967. GM paid a record $5.25 a share in 1965 and $f55 a share in 1966. 2033 Declines Today in Business NEW YORK The General Motors Corp. announred Monday a sweeping reorganization and truck o( its passenger-ca- r manufacturing operations. ' Eases 20 New York TimPs Service , Ra .. 328-430- 1 INVESTMENT hr a Aeff jelfffe defta I f 4 rfhhti fA |