Show ' THE OGDEN SB OGDEN STANDAKD-EXAMINE- UTAH' SUNDAY MORNING JULY zo Ik M 2-Milfi- ' Business And Industry The Commercial Seeurity Reports Growth n The Commercial Security Bank r has just completed period of notably rapid growth with the greatest acceleration coming during the past period This report from Bank President Robert G Hemingway is one of several received last week showing the strong economic base of the Ogden area and excellent indications for continued growth A slight slowing down tenago dency noticed a few months ecoin the wake of the national nomic situation is disappearing A renewed vigor and enthusiasm is found in all segments of Ogden business and industrial activity executives business Several who returned from business and vacation trips last week report finding added strength and optimism in local business circles hat wa nnt there when they left two or three weeks ago MEET r At the meeting of the Commercial Security Bank directors last week Mr Hemingway was enthusiastic when he discussed Ogden's economic future He pointed to several major business expansions and other construction projects that have started or will start soon in the Ogden vicinity One of the more important of these was the recent awarding of a contract for doubling the local Marquardt production facilities Mr Hemingway also mentioned the establishment of several new engineering firms here as a result of Marquardt and Thiokol activities His report on the bank's growth shows a better than 50 per cent increase in total assets since June 30 1953 Assets now are $41568000 an increase of almost 14 million dollars in the past five years DEPOSIT GAIN Mr Hemingway reported a $4274000 gain in deposits during the period ending June five-yea- 12-mon- th MID-YEA- R mid-yea- 12-mon- th 30 bringing the bank's total de- posits to $37301000 During the same period capital funds increased by $461000 to $2674000 and the bank loaned almost 34 million dollars This included $17778603 in business and farm loans $8032-52- 9 in real estate home loans and conventional loans and $7862 716 in auto home improvement and other loans Plans Grand Opening cusindividual stalls for drive-itomers with direct telephone service from each to the kitchen Trays are attached to the stalls instead of the car so the customer can leave when he has finished his meal A large "big top" type canopy was installed to shade each stall "This is the only installation of its type in the state" Mr Stone said "It is patterned after one in Washington that has gained national recognition" Mr Stone employes 25 people with a payroll of $22000 for the first half of 1958 He reports sales volume running considerably ahead of last year -- 1 After the Broom Hotel demoli tion ceremony attracted some 4000 to 5000 people downtown a few davs ago this column went to the Chamber of Commerce in search of a formula that would give a reliable estimate of how i im nP'iwiiwftr''" I A V- c- - They Like Ogden column two-million- th telephone was installed during the week by the Mountain States Telephone Company The event took place at the home of Luis Gonzales Indian Governor of the San Ildefonso X Pueblo near Santa Fe N M It was the first telephone to be installed in an Indian pueblo in New Mexico and provided an in' teresting link between ancient and today's ex""I Indian culture panding economy of Rocky Moun- V mm much money such a crowd would j mey The best estimate is tnaiAil would spend an average of $3 per person or a total of between $12000 and $15000 Ma y I ©si onsumer inions tain region The first call from the historic telephone in the home of the tribal Governor was placed July 15 to Roger C Ernst assistant secretary of the interior in Washington D C The Indian governor talked with Ernest as did Glen Emmons commissioner of Indian affairs who was' present at the - ' -- I i - " " It' THE MOUNTAIN STATES TELEPHONE Company l"T-tl- l in- stalled its 2000000th telephone at San Ildefonso Pueblo near Santa Fe N M Luis Gonzales left governor of the Pueblo places a call to Washington DC along For years this with several thousand other peothat ple has expressed the belief with can no- - other city compare By DAVID J WILKIE Ogden as a place to live We exbusiness two were visited by DETROIT (AP)— Dealer new who week Newspaper Honored expressed ecutives last car inventories no longer are the same belief very strongly much of a problem for the auto The Ogden Standard-Examine- r Until about a year ago both industry has been selected as one of the respective The auto makers took another key newspapers in the West to represented Deiore here firms attepuug big bite out of the stock of unrarrv a maior Prudential Insur rather sig- sold cars last month In dealer ance Co advertising program transfers that included in salary and hands on July 1 were 673000 nificant increases titled the "Facts of Life" to the West cars went prestige One "We knew by using the to the East aminer we could get our Coast the other A modest firming of the sales Coast rate messages to the people we were figured to some extent in — At the first opportuntiy interested in reaching" said Har-rreduction But curthe inventory re— week both Gilliland manager of western which was last tailed factory output was the One came back to here turned firm the for reason Car assembles so advertising major complete negotiations for ato new his job that will return him dissolve Partnership — considerable a at home state loss in salary The other said ne and Jones of Thp nartnership like to do the same thing Hodgson architect and associate would has been dissolved Kenneth W Jones purchased the interest of Attending School Fred Hodgson Two Employes Credit Union Mr Hodgson has moved to officials are attending the UniSalt Lake City Mr Jones plans versity of Wisconsin School for to continue the firm as a general Credit Union Personnel which office engaged in the design of ends July 26 in Madison Dis all types of buildings They are Irving L Christensen of the Ogden treasurer-manage- r Construction Hike Railway Employes Federal Credit Union and Ray D Hagen The upturn in western con- the Federal Employes Credit struction started in May in- Union creased its strength in June with dwelling activity particularly out- Dealers Cut New Car Inventories " their Standard-Ex- v ceremony and W K KochJ Moun- tain States Telephone Company president Attending! the celebrafor this year are about H4 tion were directors of the Mounlion units below the total of tain States Company State offi: mil- cials from New Mexico and city comparable 1957 More makers are closing down officials from Santa Fe for a prolonged period of model Telephone service began in the change-over- s That will further Rocky Mountain region in Denver reduce retail inventories There in 1879 It required 69 years be-fis some industry speculation the millionth telephone was in some about possible shortages installed in September 1948 on lines before new models get into a form near Riverton Wyo The second million telephones were production But even if shortages do not added in less than 10 years acdevelop the most thorough clean- cording to Willard H Morton up of outgoing models in the local Telephone Company dist-trimanager postwar period now is assured or ct dpi f Mia-ca- s onth Phone In Area PARADE OF BUSINESS By CLIFF THOMPSON MORE BUYING AHEAD? ' Al'S T Installs R 1 By SAM DAWSON AP Business News Analyst NEW YORK — The Middle East turmoil may bring yet another test of consumer opinion and all that means to business What businessmen would like to know today: Will the new uncertainty chill some of the rewould turning confidence? Or tensions any worsening of world lead the American consumer to rush to buy as he did when U S troops were sent to Korea? Whether the consumer thinks this a good time to buy— or whether he finds himself unable to—that sets the pace for much of the economy Consumer spending is one of the hardest things to forecast Surveys shed some light RECENT POLL The most recent poll taken by the Survey Research Center of the University of Michigan r covinering a period from to June shows that while consumer confidence dipped early this year it was now about back where it had been last December But the survey was made before the lid blew off the political pot in the Middle East Most Americans probably are too concerned about what may be happening over there from hour to hour to have formed any notions yet as to what this might mean to their family budgets their spending plans or to the availability of goods mid-Ma- y Commodity traders have reacted in traditional fashion and bid up prices because world tension can upset world markets and distribution of goods and raw ma- terials: FEW SHORTAGES But for the consumer things are different in than they were at the time of the Korean War Now we have few if any shortages of materials or finished products And more people now have at least the durable goods with which they can make do in a crisis There was little excuse for the war scare buying that- led to runs on stores in the early days of the Korean conflict Today even the most hysterical would have to hunt hard for any excuse What businessmen are more concerned about is any setback now to the growing return of confidence that the Michigan sur vey teams report mid-185- 8 - i -- MORE MONEY Each year for years now Amer- icans have had more money left over after paying for the absolute necessities-o- f food clothing and shelter There are some who have been deferring spending to save part of their incomes either because of worry about the recession's probable course or because of a belief that prices may come down spectacular new house paint Razing ContractBank standing Western Building light construction 'journal shows June as one of the best comparable months in the past two years The publication cites these comparisons with June of last year: total permits up 78 per cent valuation up 19 per cent dwelling units up 265 per cent valuation up 298 per cent F W Dodge Corp reports contracts totaling $29662000 were let for future construction in Utah during May an increase of 58 per cent over the previous May The cumulative total for the of 1958 first five months amounted to $108106000 up 49 per cent from the same period last year The Commercial Security today awarded a $12890 con-& tract to the General Salvage Welding Co of Boise Idaho for the demolition of the Broom Hotel and adjoining Ross and Crane cafe properties The property is being torn down to make way for a modernistic million dollar home for the Commercial Security Bank Bank President Robert G Hemingway said today demolition will begin from the inside First to be torn down will be the cafe property which will offer working room to tear down the historic hotel Mr Hemingway said it will be several days before evidence of the demolition can be seen from outside the buildings The demolition firm also said Alfred W (Al) Stone has completed a $10000 improvement project at his Al's Green Well How Crowd Spends Cafe 3576 Riverdale Rd and Did you ever wonder what the plans a grand opening Aug 5 economic value it of a crowd 6 and The money was spent to build downtown? that property inside the 3 build- ings will be disposed of at a sale to be held July 25 from 10 am to 6 pm look for 2 years longest Revolptionary new kind of paint for wood ! Gives your home a fresh than the finest paint you've ever used! Holds its colors keeps its gloss for years! Spreads faster easier than the best of them! Dries hours sooner! And costs no more than ordinary honse paint! new-pahite- d THERE'S NEVER BEEN A PAINT LIKE IT BEFORE The original formula was developed in astonishing new kind of paint As the numhomes grew ber of these and today there are hundreds of them Fuller's chemists watched tested compared test-paint- 1951 Fuller chemists through know-ho- w and continuous research found that by combining certain new "miracle" materials they could produce an exterior paint so resistant to wear so amazingly superior in every way that H made even the finest house paint seem by comparison Two of America's largest chemical laboratories tested and confirmed these findings " with old-fashion- ed CHECKMATE FOR MITES FULLER WANTED TO BE SURE Out into the field went Fuller's men Homes The most economical and effective way to keep mites la check is with a thorough spray application of Kelthanb — before the props go up This program will normally keep mite populations low for the rest of the season Kelthaks can be used close to harvest on all fruits And for st mite on cherries control remember to spray with Kelthanb all over the West were' painted with this HERE'S HOW NEW FULLER HOUSE PAINT COMPARES WITH THE FINEST PAINT YOUVE EVER USED ed RESULTS WERE PHENOMENAL Fuller House Paint met every rigorous test of weather and wear it outperformed the finest house paints Today because of this tremendous field experience Fuller can offer you this revolutionary new house paint without qualification as THE FINEST HOUSE PAINT YOU CAN BUY If you're going to paint v get 2 extra years of beauty for your home at no extra cost! Get new Fuller Hoose Faint! 7-ye- ar nmtt tnriHtanai Iwun pant Cm resist rtforous Western weather wrty a tew years tftWfj SSMfc pp VtM - """'" £-- KMSaa - isw miln Keeps fresh new lopwsnct at least 2 years longer than the finest house pa fat ' Starts to tose flossy appearance after first few Keeps flossy tostre for Starts to fade after about Holds color for years 42 Western colors available ReadHy stained with rest from nails screens Cannot be rest stained months 6 months Cutters i— Mar Fulktr Rouse Pint ' " etc ee en feet and M' tost for dost years ftoes on faster and easier than finest house paint easy howy targetran learvos foaj Prtes dust free m mttltae as 2 roots Rain wont bam K post-harve- For ftaceo sorfaees where a flat finish la Exteric preferred use famons Latex Paint 43 bcautifnl coXora Ftd-Col- or 'It Ckemkati for Agrktsltari coripnrjv JtifwiauuriMM KxlthjLK U a net trade-ma- rk prUtipd forvign Reg US eomntrim 3 PaL Off m principal foreign cotmtneu i - PAINTS i MMrwm'ij 1 S f ?! Jf ' in S7aw7v "I hrtuhfuh1 4 nam GLASS |