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Show - CORNER ON COMMERCE Drug Firm Notes Rise Buys A.M. By LEROY POPE phlted pres International September. He is Robert W. Haack, president of the National Association of Securi- . panies reporting lower profits in bigger revenues. But, like the big New York City banks, Mora sign NEW YORK ties Dealers. most of the oil companies and President Johnson nominatIs some major industrial corpoof a spring upturn appeared ed William J. Sherrill, former American1 in had DETROIT rations better (AP) earnings In, the business news this banker and a director of the the first quarter than a year Motors reportedly has taken a) Sales and earnings of Skaggs1 March 31, week. Federal Deposit Insurance go. giant step towards solving its center lnC- in the first' 527,779, 692 Stocks moved up in fairly . Corp., to aucceed Charles N. 322,6116,714 for the same time in The threat of both a coun- .nancial problems by selling its er brisk trading, retail trade harply 1966,' an increase of 22.8 son on the Federal Shepard i?urler Redisco, .financing and a susidiary. strike per! trywide railrtjad gained 3 to 7 per cent over Reserve Board. m than the c10ire'Cent. higher 'Inc. to Chrysler Corp. countrywide trucking stride last year's pace acroee the The higher scheduled auto f'nod 'ear aR- rs Higher sales, a greater num-'da- y The sale was confirmed reappeared but leaders of the Saturday, April 29, 1967 country and automobile sales 8A for the second production L. Elwell, president, iber of stores Iff operation and. E. and and the unions industries ported by unimpeachable sources, improved sufficiently to enquarter still is 11 per rent at the annual stockhold- - increased volume were factors mediators told the Associated government kept Press.Friday They the to Three raise below last courage Big named for the rise in sales and years pace. The working to avert the walk- that formal announcement of ers meeting The Supreme Court continscheduled second-quarte- r outagainst severeral baking con- outs. gain in retail auto sales in the In the three months ended earnings. the deal is for next scheduled about cars. 80,000 put by ued to hand down decisions of cerns. middle third of April was only Eastman Kodak Co. became Tuesday. Dun ft Bradstreet noted the 1 per cent over a earnings reyear ago a landmark nature on antithe American Motors board of target of a nationwide proretail sales Improved and Ford had a 4 6 per cent trust matters. The latest is ports of major corporations test movement by Negroes directors meets Monday and is In spit of unfavorable drop. George S Ecvles, piesident Holding Companies, that national companies which' reflected profit squeezes for over its hiring policies. Negro expected to announce a 330 milweather, tornadoes in some Consumer prices were disand cut prices selectively or regthe most part, and in some geneial manager of the He was named to the position organizations said they would lion loss for the first six months sections and raw, rainy days closed to have inched up in First Security Corp was elected ,a'onJ wl,h U other men at the can be sued and found cases falling revenues. The stage a monster demonstra- of its current fiscal ionally in others. The Midwest had March to record 115 year, company's annual stockholder! jxt cent liable for triple damages by New York Central Railroad tion July 24 m front of There was no official confir-- l this week as a sales gains for the week of 8 of the 1957-52 of f almost o but loss meeting in Houston, Tex. a small companies under some average reported Kodaks in to 12 per cent over last year. mation from either American Texas Gulf wholesale prices fell slightly circumstances even if the million tor the quarter. . to Rochester, N.Y., protest Motors or Chrysler s The New York Stock in the month. small company retains a domphur Co. General Motors, U S. Steel, the companys recent cancel- the sale. MORGAN Browning Arms found new a Mr. Ecdes is Construction contracts inant share of the regional Bethlehem Steel, Republic lation of a program to hire finally CiS. sales for the first quarter of chairman board, Chrysler also president of presidenl to aucceed 0, Keith gained in March for the sec-on- d market. The decision came Steel, and Youngstown Sheet and train 6(X) Rochester Ne1967 set another first quarter Lynn A. Townsend told news- First In who retire Funston, month in succession. out of a suit by Utah Pio Co. Security ft Tuba were among the com groes, high, John V. Browning, presimen April 18, We are continu- Investment Co. dent, reported Saturday. Sales ing to look at Redisco but no de- and currentlv for the three months ended cision has been made yet. , senes as presl- March 31. 1967, were 35,334,562, whose annual Redisco, profit dent of thp A!S0. nearly eight per cent higher than 33 was estimated at between ciation of R the 34,943.782 reported for the million and 34 million, reported- first quarter of 1966. Bank of over ly carried a price tag 330 million. The decision to sell the profitable Redisco division was made DENVER, COLO. Kae carrier, announced Friday. by Americans board chairman Buigon, son of Mr. and Mrs,' During the past three years, r Roy D. Chapin Jr. and President Harold A. Burgon, Salt Lake Mr. Burgon worked as the William V. Luneburg, who took is Frontier Airlines new lines city sales manager in El e over the firm's top two places district sales manager in Salt Paso, Texas. He began his Jan. 9 City. Paul L. Benscoter.i line career with Frontier in 1963 Datarat Now Washmaten suraau a sales representative in Salt It apparently is based on two vice president of sales and serv-'a- s Denver-baseLake the TEX. for PetroThe factors: air ice HOUSTON, City, big FOUR STOCKS OF INTERTha Electronia Stock Evalualeum Industry Electrical Assn. American Motors has 395 tor Corporation of Rockville EST FOR POTENTIAL CAPIwas told that Federal Cormm.ni- - million in short term bank loans. Centra, New York, has selected TAL GAINS: cations Commission study of the'eoming due May 31 and needed the five securities listed below HOLIDAY INNS 7 HIA and lt II The Prudential Insuiance piesident in charge cf western to make payments on time WIN toon b present division of the electro-jeas- h locatad In rvirv for outstanding fundamental I wtowN Alaafca need-'anCompany broke ground Friday operations, par cant a to the is renegotia-emagnetic spectrum way pave rauanua la oblaantd tram raiaiod manmarvalue and to begin construction of a new The new building at 433 S 5th examination of the present tion of, .further loans and aarvica activitiaa ufacturing HIA ket interest. ana ta add about 17,000 room a vaar y will serve a district offire the for district East building of use of one strat-- i our most valuable! tor tha naxt flv yaara. Salt and Die ESE uses computer to perhgvw Salt Lak? City Northern D.s-- er.ng Salt Lake City. Bountiful, Irawaaad avary yaar atnea natural resources. of rid to to be get appears 12. and win ba Imaravtd by Holiday form task commonly dona by Inna' Magna-Keain- s and announce(i Mr. Frederick Granger mava Infa erai'uaaij forargn Sen. Frank E. Moss, a Redisco and the Kelvinatortrirt' tor ttia goat Earning AU Individual research analysts. countrlaa. vice- - area. Schnell, sen'or CLU, merit andad Daoambar laaa wara member of the Senate commu-- Appliance divisions, and devote However, tha computer ha tha varaua (1 W par an art lor tha praviouatill12 mcations mon tha. Earnlnpa lor tha naat II month subcommittee, said all time, money and energy advantage of speedy enabling ahauld roach 2 a par thara It la d FCC the dlvidanr study "will attempt towards gaining a substantial will confirm at 12V ESE to analyze approximately Panfi guartarly. to analyze the present alloca-- i foothold in the auto market, 1600 securities each week. SIMeUCITY PATTERN IVi) SYP la tion of radio and television Both Redisoo and Kelvinator tha laadlna male ar of papor drtaa In forecasting tha price action 8ala and aarnlnoa hay locraaaad are money makers while the frequencies. yaar alnca ItoO. Growth ahould on of a security, ESE obtain esti- avary tlnua and anil ba halaad by SYf auto division is in the red, Here the is recognition by tha tor a, on marktt. In alt mate of earnings, dividends, probabilityInat htohar vofuma and racant of the necessity of doing! servers said, and sales from several different erica Inoraaaaa will ottMt rising lacer Motors oosta. tor tha pool 12 month something to alleviate the sen- - Nobody at American sources, and program! a con- andad Eaminga Dacambar. ItM wara 12 M oar rethe discuss would myriad of ous and critical shortage il f par harw tor tha sensus of these estimates into darg 12Varsus months. EGE sstlmatas 12.70 par about the company's inradio the ports in frequency space ahara tor tha naxt 12 month. An annual the computer, Tha computer dlvldand at II 10 Is tha minimum land mobile radio field, Sen.iternal reassessment. then assigns a rating to the sehad 1 Moss said. hope that FCCl Redisco and Kelvinator HI la tha curity which serves as a guide laadlna manutadurw at aft tat praaaas block sales on the been conducted and reported studies, privately for the recommendations made and athar at, typsastllng, seval months. Chapin said hat printing aquamant. studies, will show that unused by ESE. Since the rating as- Ihnougn acaulsltiont, dlvartlllad Into Iha 3 that he had been should be .April TV and broadctttlng taulpmant, signed to a security is largely radio micro ava toot anuipmant and tha com, to a lot of people about the hundred Three panar oantamar Industry with now dependent on the estimates ob- ggtad sale to streamline row B and FM channels are possible product daualepmant and a eantlnulna pc tained by ESE, the accuracy of ouintion program tha company's growth Motors operations so American to in able the frequency rata will undoubtedly ba hlghar than It! operate a recommendation is dependent camoahtorak Earnings for tha past 121 it could become more aggres-- 1 one te television, assigned space 77 months andad Dacambar ItM Wara t? upon the accuracy of the esti- par thara vanua 218 par thara tor Na sive In auto sales. channel. mates obtained. for tha, " A new 3100,900 building to Today the business has grown-hous- s pravtous 22 month. Earning 12 months will apprailmata II J part In ftis respect, the individual par aharg. marine and camping to ever 31 million in annua j" SCIENTIFIC DATA SYSTEMS (llOM) research analyst and the com- IDS has been added to sales and occupies two buildings! Is a fabricator at small cemputara equipment Indutlrial and tcttnllflc puter are subject to tha same uaad primarily In SDS Duce the raaoarcti fMd alto producra pw Sportirg Goods facility facing state strpet- From the! eoonomlo rtpharal General limitation. aquMmant and prayldaa tarvlcaa 3650 at S. state. Ita hava cuatomar. Salsa and aarninq conditions, national crisis, or ta beginning ..billiards were part of , grown rapidly alnoa lt2 principally news events which are unpre- causa mott at thair product hav boom George Malouf, la37 Millcreek the operation but according to dictable aim may have influence Way, owner, opened the new the owner the sporting goods NWwr nwna itiouid OTtinut iha aarm shOWroom on the securities that are Friday and will con- - business grew so well that bil- MfVV DIM pvsQ Western Airline MHN tfWm, LOS ANGELES (UPI) flV WVIOROfl Inc., shareEvmino r4 nor tlnue rus grand opening mebra hards were eliminated. rvBnfkipeted to merge with Pacific voted have holders overwhelmingly staff of 20 persons handle The securities and the closing waraTi i parU1htracu 1 to per tion through Sunday, offering aNorthern Airlines subject to approval by PNA shareholders "d gra,ld Prlzp' the selling, buying and aocount- SiJS? tar tSTmit i? prices, as of Friday are; and the Civil Aeronautics Board. MalCENCO .INSTRUMENTS fTVprarartuTirMpar dwrator Duce Sporting Goods began in ing operations with Mr. PNA shareholders are scheduled to vote on the merger at m ese's aravioua 12 month Leon Allen, as- as a fishing and hunting oufs (5614) CNC is a major producer tha wj"';'1948 o their annual meeting May 18. More than 72 per cent of vmlnvt for 1tv next 12 mortti will (retail outlet with $100,000 m sistant manager. The Malouf and distributor of acientific nfiwirrRMy $iw fir WALs shareholders approved the plan. the rst year- Mr- Malouf family has always been active th? 'fZ'iut? equipment and laboratory appa- ratim If approved, the merger would add 3,388 miles of Alaskan ratus for use in educational ms toe, of th wook" on juno x iMA immigrated to the United States1 in the selling of sporting goods routes to Western's system. Lebanon in 1928 and decid- - and George Malouf Jr., son of fields, as well as Industry. It In other business, officials reported WALt first quarter now a captain in to fake up the sporting goods the owner and has also entered tha fields of were 32,672,000, or 62 cents a share, compared with man. J business because "Ive always,the U.S. Army, is expected to1 earnings renting and-o-r selling academic ao a isrps laaa in a baafub or 67 cents a share, tor the same period last year. 32,896,000, a sportsman and like the firm in September) gowns and choir robes, and bvTaTiacIrrsi5(,Erauaicorpibeen board of directors voted a quarterly cash dividend of The h0t water pollution treatment TmijJiamlrml" following his rlease. rcm'ing nd fishing. he said. 25 cents to stockholders of record May 10, payable May 29. - Subsidiary - ,7 - Texas Gulf Sulphur Director First-quart- d 9 director headquarters Browning Sales Ex-hang- ESE Radio, TV Channel Spotlight Puts Focus On 5 Securities ,red Frontier District Sales Manager air-Cit- y, Sfudy air-Lak- d w. Ground Breaking ForUiilCeS Twantv-llv- above-averag- d d a oov-eg- Chapin-Lunebur- aarn-Itta- a g 1 antld-pata- (.) fr a frequencies nar-iin- g 1 - WESTERN STOCKHOLDERS OKAY AIRLINE MERGER ba-- ia5viS!iTpJiitai'h "? SR son-in-la- ,m - SSSm3l1pillTtwVaalfrom irm .rrrr Mettoo muchinanAccutrori hunt-'rejoi- n Cycle: idosamiess By MAXINE MARTZ Deseret New Staff Write People are waiting for them to come in. Some grandparents buy them for their visiting grandchildren. Theyre not dangerous. My little boy rides on to Scout meeting. But it not easy Ive tried it, she laughed. In fact, the business earn when first Mrs. William aqd her husRobert band, Th'e N. Williams, formed a part- boagbt House of new multi-spee- d ar just coming into their own in the Salt Lake area, Mrs. William noted. I ride a bicycle, but I dont know how to use all the gear yet, she said. The Williamses, Mr. and Mrs. and two boy 15 and 9 year old. s a often rid together family. GIRL FRIDAY' n. bicycle and the Hop-per- , 138 K. 3rd from South, Mr. Williams fattier In 1959. Mr. William hadn't ridden a bicycle since she waa a giri, but when you're in the business Its almost a necessity. Customer ask what kind of ahe a bike you ride, explained. Now bicycling i one of floor, meeting the public and decorating the windows and the satisfaction of workWhen W lived on the ing. coast, I used to spend my days playing bridge, swimming and playing tennis, she said. I enjoy sports as much as ever, but I think Im getting more out of life than I did then. THE FEMININE TOUCH Bioyoling is not only a hobby for Mr. Doloree R. Williams, It's also a business. nership Hobby Mr. Williams had grown up in the bicycle business, but Mr. Williams had to learn from scratch. She does the book work, sells from the floor, decorates the windows and sometime delivers small I -- wont to "dealers. Item she dewhole bikes, take her - she often favorite sport goes for a spin at 8:30)in th and ahea preparmorning ing a campaign for naora and. better bike trails in the Salt Lake area. Shed Ilk to clared. Liberty Park set aside exclusIf quite involved, she ively for bicyclist on Sunsaid. Thousands of tiny parts days. to learn and so many different The House of Hopper has sizes of tires and tubes, so been Id Salt Lake City tine much equipment, and theres 1912 and originally it included alway something new on the motorcycles and scooters, but market You think you have it al. tha Williams concentrate down pat and something else most entirely m bicycles of come along.1' uni-, and all kind now More adults are taking to ... -cyde. bicycling,- - too, Mrs.- William HOT ITEM observed. They have gold to elderly peoUnicycle ar a hot item in the Salt Lake area right now. ple. One grandmother' who 1 think it the novelty of it, had never - ridden before Mrs. Williams said. As a bought a bicycle and train-mattof fact, we are having Ing wheels,. I often wonder If trouble meeting the demand, she eveg took the training Dolores R. Williams . , . talks of bicycles Mrs. Mrs. Williams wheels off, mused. They Lso sell a few tandem bicycles and many people from Europe buy bicycles. OTHER FIELDS . three-wheel- er -- er f Mrs. Williams had been a long distance telephone operator, a secretary and then a housewife before entering the business world again with her husband. She had some doubts about this constant togetherness, but it has jvorked out beautifully. . "Of course, I know whos boss and I let him tell me what to do, he smiled. . . .She enjoy aelling from th 1 . r : OWN BOSS Mrs. Williams likes being her own boss and not having to punch a time clock. My time is my own, she said. If I cant come down I dont have to. Its nice that way with youngsters, especially." Often the boys help out in the tore on Saturdays. About three years ago the Williamses went into wholesaling, selling to dealers all over Utah and parts of Idaho, We Wyoming and Nevada. would like to eventually become a distributor and eliminate the retail end of it, Mrs.. Williams said. It is difficult to manage both of them. SPREAD OUT There are a lot of bicycle dealers in the Salt Lake area, Mrs. William noted, but they are spread out enough so there i not a lot of heavy competition although people do shop. We hav had people in who have been up and down the valley looking for a ' price, she said. toilllamses belong to the National icycle Dealer Association and the Bicycle Institute of America and usually make these convention their vacations. Mi?. William is also active in the Newcomers Club and was president two years ago. The1 Realtors Want Boost In Housing Money Urban (AP) lessened. He The WASHINGTON National Association of Real Estate Boards called recently for broader powers for the agency that buys mortgages to increase the flow of housing funds. The Federal National Mort-- g a g e Association (FNMA) should be allowed to purchase 'conventional mortgages as well as those insured by the Federal Housing Administration and the Veterans Administration, Silas (F. Albert of Grand Rapids, Mich., said, His proposal was In testimony prepared for the House Subcom mittee on housing. Albert also said we believe that FNMA should be an independent government instrumentality with control by the Hous quasi-feder- ing and Development De- said the, partment primary purpose of the association, which uses private as well as government capital, is to provide a secondary market for mortgages, but there has been an increasing tendency to use it housto support special-purpos- e ing programs. He said also FHA and VA interest rates should be increased enough to minimize the point system of discounts hi home Si littirr-r-- n timepiece. And ifyou did, youdbe asking for trouble. H The works In an Accutron timepiece consist of a tuning fork, 11 other moving parts, bittery, a transistor, and a little circuit. ; Theres no mainspring, no hairspring. No balance wheel. No big collection of mechanical watch pans affected by temperature, by humidity, by til and dirt and wear. The tuning fork keeps the time, instead of the balance t wheel. It vibrates Cf to a second. (A standard balance wheel man ages only 5 vibrations to a second.) And the time it guaranteed accurate within one minute a month. About 2 seconds a day. The parts in an Accutron timepiece may not be many But theyrt doing everything right. 1 MTji 360 timet ACCUTRON 221 talnlm oral caw, wbitpaagf.t IMlbtaaaiaJ . Bankamericarq sixmo Want country club living right in the city? Investigate the new ' "Famous for Diamonds' - MAIN AND BROADWAY SALT LAKE CITY 2435 WASHINGTON BOULEVARD OGDEN FREE PARKING stansBtmy Now leasing at 710 East 2nd South See classified -- Apts. Unfurnished or caU ' , 364-757- 1) K - IN ANY GRANT 10T WE ARE AUTHORIZED SERVICE AGENTS FOR BULOVA AND OTHER we . H tvkaaaaaa, analat aa aarn I 3 |
