OCR Text |
Show -- , yW 1 -- y g , ,- -, -- ,. ITt-rf- t" n' V . nTf Qf The State Depository Board has increased the interest rates which banks must pay on time deposits of public funds. J. Alma Bifrrows, board member, said the increase was made to channel pioremoney nto local banks where it .will be loaned out, $169,000 ert -- the states economy. No interest ispaid for. deposits of less than ree months. The new rate for three to 12 'rnohthswiII be'three percent: This pomprfres with 2Vi per cent previously paid for three to eent-for-- six to !2 and 2 contract to econoftnc consultants R. - D C. timulating - YOUR per -- (Wg8Id(B)g v 5B v fen. Frank E. Moss, DUtah, said the tract is for a study appraising potential mark- ts for coal produced-it- i stateswest of the MiS- sissippi River. A report is due within 13 months. U.P. Starts Reconstruction -- IPliiL'nion Pacific Railroad has embarked on a 2,000-ca- r reconstruction program supplement lng Its carbutlding schedule for 1964. it was nounced Wednesday. The program is aimed at alleviating the seasonal grain car shortage throughout the Salt hake City7Utah Wednesday, October 14, 1964 cradle-to-grav- 'Mr. Utah' Dinner y Private ToHonor Backman - n -- sJmply - -- hJiavebeen thertitillating;sto- - banker ..Thunholm strongly spurmore eiqjansion and nes out of Sweden in recent' sents the governments control profits-a- nd so forth. As long! years, and adrmttedlyJstatis- - over, credit, but, for" V;tics.roniLSwedens economic. There is Tar Jess difference' expansion ourcountryspolicy re-t- between your government and ours than you thin! Yet, as we in the U.S. grope our way toward the forms of - Busines- s- taxes fyy Swedens the our own wars on poverty and- - tax - structure gives many ,- the facts on more breaks unemploymentstructure will be less so. Mr.-Uta- i -- Produce Market Personal Matter. Over-The-Count- CHICAGO, Od 14 (UPI Produce Total U S shipments 256 arrj Potatoes Irve poultry heavy hen hen vals 25, track 70, supplies light demand turkeys 24, young turkeys J3, breeder good, market firm to. slightly stronger 19W, turkeys 25; Track sales (100 lb US 1A unless othwhite rock fryers 18'a, barred rock fryers erwise stated) Idaho russets 5 60, Wash22, special fed white rock fryer bakers 5 75-- 65 ington 23 26 roaster Street sales Washington russets 5 50-5 75 1 Cheese brick 75, bakers 5 75-- 6 25, Idahg russet procesed loaf 41 Cheddars Wisconsin round reds 4 00-- 50 russets 41464, Muenster- 41Vj 4 65, Colorado russets bakers. 4.50, Mv single daisies longhorns r 46 Ib blocks Swiss (wheelst too nesota North Dakota Red River Valley few to report, Swiss lb blocks) round reds 4.50 4 75 tb W tebort? Swiss blocksT - OnionsArrivals B, track 23 supplies Grade A 47rGrade B 4?50TGrade C 45 moderate, demand good, market slightly 46 with experienced agents . and people you know. Butter- - steady score 59?; 92 score ported by Chicago Mercantile Exchange Butter steady 93 score 92 socre 59 W, 90 58', 89 score 5&l4 carlots Industrials, - stronger Track sales Idaho and Oregon yellow large 2 65. Washington yellow large 2 60 Idaho Street sales Oregon yellow lanae 9.7S 2,90. whit mnriinm anri urgp. 2 65-75, Utah yellow large 2 75, Wash Eggs steady White large extras 36 At mg ton white medium 2 50 large 2 75, mixed targe extras 36't. mediums 29, midwest Illinois 2 00, yellow medium Standards MW, checks 22'. Michigan 2.00-- 25 NSURANCE sre S0JEMPlE-r-pHr355-4- 65t 93 w and not busines' 7 . br tti h Syndicate IrK )r Rrohts Reseea) (Distribute-i(All prfts m J American Exchange Oils, Utilities Bid 59, Asked 1KT $30 00 10 0 1000 In hundreds (00 sales omitted) for those designated (z) which in lots end earned m full 'DIVIDENDS (a) plus extra, (b) paid test year, (c) payment on accumulated dividends, (d) declared or paid so far this year, no regular rata, (e) cash plus stock, ig) annual rate plus stock, dividend, (h) capital distribution, (i) per cent in stock, (k) per cent in stock paid. TRACTIONS, ,as!ryafT (xr (f) indicates following figure is fraction in 32rtds; (l indicates following figure is fraction in 64th$, (r) indicates followis fraction in 128ths, (s) ing figure indicates following figure is fraction in 2S6ths, (t) indicates following figure It fraction in 16ths NEW YORK (UPI) Selected stocks on the American Stock Exchange today Saias(hds) High Low Close Chg. Aeroiet JO Add Con 40 Alt except are traded Amalgamated Sugar Pfd Aztec Oil A Gas 21 50 23 00 Boise Cascade 43 00 45 50 Bonanz Airlines 77 700 Browning Arms 9 62Vi 10 50 15U Brunswig Drugs TTir-- 18 50 AmPet BaldS 09d Consolidated Freight 19 00 20 25 BrltPet 22d Deseret Pharm 23 50 25 06 Brown 45d Denver Real Estate 8 50 925 60d BunkrH Eauity Oil 17 00 HOO Mm Federal Resources.. 2 75 - 100 ChiefC Clary "Cp Frontier Rfg 97 00 103 00 Cont Tel Frontier Refining 7 00 7 75 Creole 95d Garrett Freight 16 75 -- 17 75 Day M 15d Intermountain Gas 25 50 27 00 Eitel McCul IML Freight 17 00 18 ro EquityCp 5i 3 75 Magna Inv A Dev -- Otis 415. o qqZ 4030- 0- Fargo Magna Imr Fel Pet TSt- rMorrison 28 75 30 25 Firth Stg 3k Northwest Natural Gas 41 00 43 50 FlyTiger 5k Oil incorporated 2 25 75 Ford Can 5 Ore Ida Foods T1 4? 25 Frontier Air 41 00 Natural Gas 43 50. HecJaMn-- L Pubco Petroleum 5 50 6 25 Holly Corp 17 00 18 0- 0Rogers Bros Co Husky OilC -Salt Lake Hardware 19 50 21 00 Kaiser Ind Scientific Data 75 35 37ftKay Jwtry S hwst Res 61 Gen Inv. 7 00 6 25 KlrbyP ,25d Texota Oit 2SJ"9 00 MeadJn r Livestock - SALT LAKE, Oct 14 Market 75 cents higher Choice top hogs. No 1, 16 00'to 16757 No 2, 15 25TO 16 00 Light sows 300 lbs and under 13 25 to 14 25, heavy sows 12 00 to 1300 Estimated NORTH js t0 pr,rn,irap0 meddle Tnucti operates. er Octobor It, 1963 These bid end a sued prices from the National Association ot Securities Deal ers Inc do not represent actual transactions They are a ouide to the range withjn which these securities could have been sold (Indicated by the "bid") or boushlUndlcated by the "asked)at the time of compilation 46, A COMPANY - s Pro-Uta- h - -- ar asso-ciatio- . " JnSweden- - how and why private entermen than ours does and this remains so despite the great STOCKHOLM Because of prise flourishes in this wejfarp State e Ber welfare- on unusual significance to us. tion tax laws and regulations s-s t em - and enterpnse: By in 1962 and this year. A Swed- the longtime number of employes, private ish businessman can write of political domienterprise accounts for 90 per - 51 per cent of his investment nance of her cent of Swedish jndustry,. and in equipment within two ... Social Demonly in the transportation and years, write off 100 per eent of ocrat party, communications Industries is the investment within five Sweden is public ownership Jn the ma- - years and make whatever With the exception of jority. adjustment he wants within alist society by there has been no im- - these liberal1 limits. Any U.S. mining, Americans. most portant move toward public businessman knows how favo This is for There decades. rable this is. ownership not Miss Porter is less public, ownership in The envy of any capitalistic-- 4 assum- true Sweden than in West Germany nation well might by. the way ing you accept the traditional or Britain or France (and if Swedens tax laws permit a definition of socialism as apo- - we counted it businessman to write down properly, maybe 1 i t i c a . doctrine less than in the U.S.) the value of his inventories so which aims at state ownership As Lars-Eri- k Rhunholmr he can slash his corporation of means of the production chairman of the Swedish income taxes and plow back and elimination of the profit Bankers Assn, and president of earnings into developing his motive. the Skandmaviska Banken, ... business. On the contrary, in many-way- s told me, This is a The profits of Swedish inpractical this most prosperous government which under even in dustry are Scandinavian nation protects., stands that the best way for thef ace oi impressive the ..cost, ofour so- -, our economy to function is Tin-fprivate enterprise and profits c i a 1 welfare, Thunholm more than, we supposedly ... der pri va te enterprise sys-th- e :stresses,"This is because our; worlds leading private tem, and years ago it shelved' tax laws favor business ex-- " -- ambitions . tefprise economy do. for nationalizing. pansion in order to create nnr economy. "As a Statistics on sex and suicide more business-profi- ts in order j Your Insurance is a H By SYLVIA PORTER r' ' MONEY'S-WORT- Thriving Rob- e tusiness y yii Private Enterprise Is A statewide farewell testimony dinner honoring Gus P. BaCk-maal months. for his long service to Utah 12 18 to months of The new rate for deposits will be held Nov. 4 In the Lafayis W per cent .compared with the 'previous ette Room of the Hotel Utah. . three per cent. For deposits beyond 18 months, railroads territory. Chairman of the event, sponthe rate was increased from 3 14 to 314 per cent. sored by Salt Lake Chamber of Railroad Promotes Utahn ' Commerce, is Marion M. Fidlaf , CB&I Appoints Utahn . DaMD. BALTIMORE, Former Utahn, Dr immediate, past president. vid F. Johnson has been appointed director of Mervin'J, Rasmussen, a native of Bountiful, Twenty-threpast presidents organization planning for the Baltimore & Ohio are serving as a committee in has been appointed manufacturing manager nf Lake' Railroad. Chicago Bridge & Iron Companys Salt charge of arrangements. Were putting this on beplHe succeeds Alfred J. Lar- Flooring Secretary . cause of our appreciation for the Mr. 1961. J son, manager since ' JL H. A. Seiter of Superior Floor Coverings of wonderful job Gus has done for Larson will assume a similar I the past 34 years as secretary of Birmin Lake City was elected secretary of the Salt at a plant position the chamber, said MrTTidlarTT Western Floor Covering Association at its inghamAla, However, : w- e- dont -- expect Rasmussen was a TOntractingrl fourth annual convention in Las -him to "stop doing things for For the past two years. Mr. w VerasTfevUtah as he is now president of engineer In CB&Is Los Angeles -Pro Utah,-- Mr: Mr. Setter will continue W Bistnetr ued: -- serve as a member of the ment he was an assistant shop, Mr. superintendent in the Salt Lake Mr. .BackmatTtonk over the of directors, a board : r - Rasmussen --josition.icL which tie:waselecti reins of plant s Backman : down as chamber secretary m ed in 1963. Twelve floor cover-m- g h . September CoalResearch retailers' from Salt Lake-Cit- y Thome of the dinner, whiclr and Ogden participated in WASHINGTON The Office of Coal Research will begin Tat T p m , will be describes Mr. Backman, Mr. Utah. of the Department of Interibr has awarded a the convention. And that certainly chairman said. - Mr. Seiter hs Do "r,yll,y 7 DESERET NEWS loimks Pov wioire ..six-mont- y grfd PfMiir.ii.ip 7 CORNER ON COMMERCE -- wr1 irry aITTI'rTT " lower, bulls steady around6loadsprime lb slaughter steers 26 75, high 5 lb 26 50, choice and prime 50, including load of prime 1375 of mixed choice and prime several loads ice tb 25 75 26 25, i24 65 head. 7&,a fewJoads6-0lb 24 00, toad choice choice 1T00 1b 25 50, good all CHICAGO fUSDA) Livestock with few 21prime (UPir 3 50, and low Z110 T654 4654 1 654134 standard weights Wednesday 1 19 few loads 4 50, oL mixed 8H good 6s 8S '4 24 3644 36 lb helpers Xogs 6 000 Fairly' active, barrows and choice and prime 364 4 23 75 24 06, most choice 22 lb 8 tl 3 t!3 t!3 tl to strong, sows steady, gilts steady 14 9110 919 00, utility and com50, gcxxl 20 9110 tl 2 lb. barrow mostly U S No 120 8V cows 11 4 00, canners and mercial 64 418H Vb 1 11 11 and gilt 16 6 75, about 200 head at cutters 9 2 00, cutter to commercial 7 9 15 00 35 34 bulls 3541 16 75 and 20 head at 17 00, mixed No 7Y 16Vb 167 Sheep 500 father slow Wool slaughter 1 3 0 0 lb 16 50, lb 15 28 lambs steady, shorn lambs not estab28s 28 5 00, No 2 3 25, 280 lb 15 0 50, At 27 IT' 27 14 ewes steady, choice lished, slaughter lb J4 5 3 0 00, mixed No lb 144 14 and prime wooled slaughter 4 lb sows 1400-145lb13.50-11405 5 5 OOr good and choice 2000-215fumbs 21 0 lb 13 3 50 , No 2 3 09den 50b fT6 19 00. choice good package nds lb 12 lb 12 CO 1250 end and-Fu1350 96 94 91 1b r shorn Ookiep 6 27d BahRsrTflsurance 94V3 daughter lambs Perf Photo 28 4 4 Tat1ieT 100 calves 50 TradmgOfr No 3prime 4 pelts 2050, double decks still un flaushfer-steerfr-20 ShattDn 52 114 11 5 75 heifers slow, steady sold, cull to good slaughter ewes 5 0 American Savings 61 Loan 6 50 114 1 Sonotone Cp to mostly 50 lower; cows steady to 25 Continental Bank 31 00 4 29 00 4 44 44 20b -193 604 58 Syntex 5 75 Federated Security Life 6 75 58342 Techmco 50 26 16 16 16 45 00 42 50 First Security Corp Textron El 79 4 5 7 25 F irst Security. Inv 6 50 Trl wt Cont 5 75 Ideal National Life 48 50 J9 'Utatrta 10 47 10345 America 565 , lndu3rryFunrbr Webb Knap --422 T5 14 W Y1 44 5- 0- 4550Lockhart Xorp. 20 S 6 6 6 10 50 - 115- 0- WsNuclr National American Life 8 00 8 75 National Securities Inc 29 00 27 50 Reliance Nat'l Life Jns, 4 00 3 50 Security leasing 9'56 Sentinel Security-!- . 441 4406Tuesday's Quotations 9 75 900 New York (UPI) 11 02 12 02 4 DiS 65 00 62 00 Tracy Collins Bank National AssocL Jnc 1 9 58 10 75 34 00 Utai Home Fire Ins ation of 2 Securities 5 89 6 4 Gth 75 00 7100 Valley Nat'l Bank Dealers, Inc. 25 25 27 55 HGr S43 00 Valley State Bank 14 21 15 50 Inc $2 48 00- Walker Bank & Trust Bid Asked App S3 17 05 16 60 6 53 5 98 Western Industrial Shares 2 60 2 84 Aberdn 4 5 16 5 64 LPr 28 00 26 50 Zions First Nat'l Bank Affil 9 30 1010 Fd 15 85 17 14 Inti s Am Bus 4 41 4 77 Knikr 7 31 8 01 7 01 7 58 Lazard Am Grth 19 00 19 87 5 16 563 Lexing Atom Ph 11 20 12 24 AXE HOUGHTON 8 06 8 79 Life Stk AxeH A 6 52 7 09 Mass Gr 9 21 10 07 Stocks mixed moderated trading. AxeH B 9 83 10 68 Mass Tr 17 38 18 99 4fl 67 11 67 Nat WS Bast- - Fd 73 88 2S8T Bonds mixed. Broad St 16 41 17 74 NAT SEC SER: 4ULgoYftcnroent B Ul lock 6 69 Tffc 6 bf afpaT 3 ? 14 34 34 22 23 Can Gen-2- 0 Bond 6 53 7 T4 20 22 21 87 Divid Cdn Fd 4 91 5 37: American stocks irregularhr lower. 10 25 11 23 Life 7 56 6 26 Pf Stk Cap , Midwest stocks mixed. CHANNING FDS. 6 40 6 99 Incom London stocks higher. 13 59 14 85 Balan Stock 799 9 83 2 16 2 30 Com St 6 83 964 Cotton futures irregular Grains in Chi Grwth 12 10 P 22 One Wm 14 69 14 69 Grwth cent, cago Wheat closed off 14 to up 8 44 9 22 Opph 18 50 20 2? Incom corn cent In Grth 10 51 11 49 Puritan to 44 cent lower, oats Vfc to 9 72 10 51 lower, rye Vo to 1? renMowerf-soybeans-t- o 35 17 85 Spech 76t 92 er Chem Fd 14 32 15 65 Pytnam16 Put Grth 9 82 10 73 TA centf-hlghper bushel. COMMONWLTH SCUDDER FDS-ScuFUNDS: St 12 60 12 60 Op Inv 10 86 41 87 Sel Am 11 02 11 93 Diver Gr10 2741 25 Sh Bos 11 94 13 05 Dlvid' Sh 3 82 4 20 Shs Am 16 62 16 12 21 34 23 47 Swst tnv 9 70 10 49 Dreyfus Eatn Bal 13 72 14 83 Sovr In 17 07 18 69 Eatn Stk 16 51 17 84' State St 43 62 46 37 ) Fid Cap 11 85 12 88 STEIN ROE Fid Fund R X41 55 41 55 - 13, ' Mutual Funds This intercom system keeps you in shape Markets in Brief Could ACCID l n day ccn give you protection 0mx" EASTMAN ATCH AND COMPANy For Specified Auto, Truck, Plane, Bus, Bicycle, .Train, Pedestrian, Hunting, Golf, Skiing, Drowning, Fishing, Booting, Farm & INSURANCE CONTINENTAL Mina Accidents PHONE EL Dolb-$1,0- 00, incriasing $100 a ywr to $1,500 both hands or foot or ayts pays soma as daath, toss of tithor.poys half. Loss of to $7 a day for lOOdoys, Up : This one .makes money by- savingyour-t- i me!" The Pushbutton Phone and the versatile Call Director can streamline ypuf interoffice communications in at least five ways: You can hold calls while making others, add people to your conversation one at a time, set up a telephone conference, enjoy privacy when you want it, dial any other extension from your own desk. To get the full story on pushbutton phones their flexibility, Economy, and value call our Business Office. " tip to $S0 for modicino, lob , Anasthatk, 1 1 LiTjV 71 STATES TELEPHONE the Company whose business Jsr communications .AAA AA iAAAAAAAAAAAAAAA Up visit up to $12 to $50 Doiorot a month for 6 months Nehenof knwroncs Company Rtsodawt Agaatt Woshmgton Dwfot Ntwv 143 South Mom St , Sob Lako City, Utah hortby apply for Wothmgfdn through CHECK TL $3 Notl Mt. Co Aeodonf Insvraneo Hows ONE Sond chodt n wrth ftw form, for QTerm NA jjFomi NAS33SA prenwum S3 00 d mowdst pronumj SI 30 F I Mut F 10 22 4 92 7 73 11 17 5 39 8 45 T7 52 17 telff-ifT 4 52 Stem St x37 20 37 20 Telev El 6 48 9 24 TwnC G 4 60 5 03 TwnC I 5 40 5 90 UNITED FUNDS -17 27 18 87 Accu 14 21 15 53 Incom7 70 8 42 Scien tin F Cn 22 94 24 93 VALUE LINE FDS Val Lne 6 57 71 Vai Inc 5 90 6 45 Vat Spl 3 64 3 98 6 49 6 49 Vangrd Walls In 10 811181 Well Fd 15 6517 05 Fnd Mut GROUP SEC Com St 15 67 17 35 Ham hda 5 56 6 06 Incrp Inv 7 91 8 64 13 37 14 61 Inv Bos INVEST GROUP 12 34 13 34 Mut 21 74 23 51 Stock 10 45 11 18 Select Var Pay 7 95 8 59 Intcn 6 59 7 13 Inv Res 14 07 15 38 Istel Fd 37 67 38 42 KEYSTONE: Wndsor"TC 95 17 34 '- wmmmm cover for oukide, pordcipoiiog vle Roy, blood, ate. dEStr C fjggjg U All TQ. X Bern war coftWiti teiOng on ovto, yrar, mury of shore a no wound or conhmen her er Orom er wh4e oetitde lewOorwl Ikwoi USA Person over 69 receive 60 of a staled for loss pf fme end prmripat 1 No BANK BLDG 73 Fid Z ' |