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Show CORNER riels m Wildcat By DOUG CHRISTENSEN and features to be included in the Salt Lake center. Plans are awaiting approval by the Board of Governors and it is expected the official announcement of the new complex will be made in the next few weeks. Rex Jennings, executive secretary for the Denver Chamber, described the center, stating, This center was originally envisioned to general presentations on what the Denver area could ofer industrialists from around the country. It has since been directly credited with attracting many major to industries metropolitan Denver. Deseret News Business Writer - A briefDENVER, COLO ing center designed to sell the state' to potential industries is expected to be incorporated in a new Chamber of Commerce building which is in the planning Stages for Salt Lake City. A group of 31 Salt Lake businessmen, headed by Max E. Rich, executive vice president of the Salt Lake Area Chamber of Commerce, visited Denvers yi. n iii; . c ' I . i., i r 'j t offer center Friday. Gen. Rich suggested the visit for the purpose of gaining ideas 1' Garbage Goes To ff The Denver facility is the only one of its kind in the nation and is used for nearly 300 briefings a year. The amphitheatre-typ- e center is equipped with a complete sound system, remote controlled aids and lighting, concealed All equiptotal ment is operated from a master console by a person hidden from the audience by a glass. Mr. Jennings that the center briefing room cost $65,000. However, much of the material and electronic equipment was donated to the Chamber. Pending final approvals, the sound-proofin- one-wa- y stated new Salt Lake facility should be under construction in the near future and will include a similar briefing hall to be used by oty and state agencies for the purpose of presenting major briefings designed to attract industry to Utah. The briefing complex portion of our new building will mc'ude similar equipment hut ideas as compar'd to thu Denver facility . nd should be constructed at considerably less cost, Gen. Rich said. This is primarily due to ti e fact that the Denver center was' completed after major remodeling of the present structure. May Come In A wildcat well being drilled in San Juan County has given indications of being a commercial oil producer, Mountain Fuel Supply Co. president M. M. Fidlar announced Friday. The well, Northwest Bluff No. I, on a drill stem test for approximately 15 hours produced 12 barrels of 39 degree API gravity oil per hour and 100,000 cubi.- feet of gas per day. Mr. Fidlar said. The well is in the Desert Creek zone, and is located about 15 miles south - Work-Bu- ilds of Blanding. Naturally we are pleased with the initial results of this test," Mr. Fidlar said. Howev er, further coring and testing must be done to fully evaluate ! Houses, Ski Hills . .. . its potential as a producer. Deseret News Special aWiu ''garbage! t, Thats right compressed garbage. In Japan, a crowded ,country with little land It can .h.fford to devote to the luxury Ot dumping waste, mountains of refuse are now being pressed into building blocks. The re-- ,r "stilt is handsome buildings '"whose durability remains to be Remonstrated. ;rThe problem of finding ways .(tof using what has long been regarded as useless matter is . not exclusive to consumer-commercia- announced recently. Mr. Sorensen joined the company in Salt Lake City in in Los 1948. After service Angeles and with the American International Oil Co. in London, England he was suit brought by a small Dallas transferred to the Chicago ofelectronics firm against AT&T fice where he has been head and the General Telephone Co. engineer in the marketing deof the Southwest. partment. Thomas F Carter, owner of Carter Electronic Corp., sought to overthrow the rule which proPromotion by American hibited use of a device called the Carterfone manufactured by National Insurance Co. of M. the company. The Carterfone J. Klekas, 45, from a training interconnects regular telephone consultant position in the y mobile Rocky Mountain division office systems with in Denver, Colo., to district radio systems. Since the device does not have supervisor of the Salt Lake any material adverse effects on City branch office No. 2 was the telephone system, the com- announced recently by W. W. mission ruled unanimously it Cherry, senior vice president unreasonable and and director of Combination would be unduly discriminatory to bar Agencies, at the home office in Galveston, Texas. its use. Telephone Ruling - WASHINGTON (UPI) The Federal Communications Commission (FCC) has struck down a rule which until now has lim-- Garbage has become new building material Japan. Countries all over the globe are finding an abundance of gar- - ed to continue to rise with the bage and a shortage of land population. suitable for its disposal to be a What are some of file other and smelly prob- novel uses being developed for sticky lem. garbage in addition to building In fills land of plenty, there is blocks? Skiers who can never little more plentiful than gar- seem to find enough mountains bage. A year ago some for their favorite sport, are now e down 175,000,000 tons of solid waste skimming e were generated in the United slopes covered with com States, and this figure is expect- - snow. Under the snow man-mad- man-mad- r Robert W. Sorensen, a native of Salt Lake City, has been appointed chief engineer for the l, American Oil Co., it was FCC Reverses . ;V-- Chief Engineer nWfaitflulfll-- Saturday, June 29, 1968 8A Imagine moving into an cottage honeymoon made of that wondrous new building material compressed '" SiTi pressed garbage. In Europe power company engineers have discovered that garbage can be used profitably a fuel for the generation of steam or electricity. New York City Is currently working out an steam generating! which will make it one of the first American cities to harness garb-.g- e power. ited the potential multimillion-dolla- r accessories telephone market to industry giants like American Telephone and Telegraph Co. In a unanimous ruling which could open the profitable market to smaller companies, the FCC rejected its rule that a per-a-s son could not attach to his telephone any device not furnished by his telephone company less he first proved the attach-programent would not impede over-al- l phone service, The decision grew out of a ra I Wins Promotion two-wa- ri i . i. nut ;1 Mr. t t,, -- Projected Sales Up For Snowmobiles - PARK CITY Despite the " tremendous of acceleration ' sales of snowmobiles in recent ' years, only two per cent of the '' states snow population now "'owns snowmobiles. This was pointed out Friday rear mounted, streamlined gas tank with gauge; an improved air scoop for engine breathing and cooling emphasized chrome grill. by a ndustrialist Polaris dealers were also in' traduced to the new insurance 10, 'at a meeting of 65 Polaris deal-xi- s and financing program which ers from six western states will be available to Polaris '"meeting at the Cest Bon Hotel buyers on a uniform basis hbre. throughout the United States. is a told there that were cTfsihey 'btential of 24 per cent of the Pan Am ''population who could buy the machines. The projected sales 250 for file entire Industry in 1968-6- 9 ''"fire 200,000 units compared to r actual sales of 125,000 units in WASHINGTON (UPD-La- bor 1967-6Polaris controls about Secretary Willard Wirtz announced that Pan recently - 20 per cent of this market -- To Train Unemployed World Airways will train 250 hard-cor- e jobless persons in New York, Miami and San Francisco under the Presi-- i dents jobs program. The federal government will contribute $865,000 for the training period program. The airline will train disadvanCJointed out taged persons for permanent Sweeten, marketing jobs in 10 occioations. HHHugh rector of the firm, unveiled Te National Aliiance of Busi-thnew machines andjnessmen took part in setting up that much of the the contract with Pan Amieri-basi- c n,s explained design remains, however, can under the JOBS (JobOppor-functiont restyling is highly !tuni ties in the Business Secotr) i This includes a new program. evident t convention, hosted by 'ARRCO Industries, Inc., of Salt ! Lake City, manufacturers of j Solaris snowmobiles, Included Jfisplays of new machines, j lilt Many of fire major changes in J 'Aka machines for 1969, are a -direct outgrowth of racing a spokesman for AARCO The Antitrust Probe Of Hughes Set LAS VEGAS, NEV. (UPI) -IHoward Hughes was told by the Department of Justice to delay his takeover of the Stardust Hotel pending an investigation of possible antitrust violations. U.S. Atty. Joseph Ward said the Hughes Tool Co. agreed, within hours of the notification, to delay the transaction involving the Stardust Hotel and Country Club feu an additional 90 days. Hughes purchased the sprawling Strip resort for $30.5 million earlier this year and won approval of the Nevada Gaming Commission to take over the American - expe-Lijenc- e, e Navajo is popular plane with large airliner features. Piper Navajo Is Answer For Pilots V Passengers vote, resort by a narrow The Stardust purchase gave Hughes control of about 14 per By KEITH BURRIS cent of the gambling volume in News Staff Writer Deseret Nevada. His six gambling Several scheduled airlines resorts including the Stardust account for 25.8 per cent of! have been purchasing the Piper the gross gambling revenue in Navaio for use as a commuter Qark County and 361percentof d J have been b the revenue from the Las Vegas 3-- 2 Strip. Ward said that the Justice Department asked the Hughes Tool Co. to delay the Stardust transaction through Sept. 30. i! I N STOCK OF THE reading lights are provided, and the quietness of the cabin is ex- WEEK Ccnmcdta ceptional. Canada Dry Corp. has been selected as the stock erf the week by tSs Electronics Stock Evaluator Corp. The selected securities and Fridays closing prices follow. CANADA DRY CORP. (37) CD makes and distributes line of carbonated beverages and mixers as well as extracts and syrups sold to other distributors and bottlers, company also imports and distributes wines and liquors. On June 25 and June 26, 1968 special shareholders meeting were to be held on the proposed merger of Canada Dry Corp., McCall Corp. and Hunt Foods into a rew company. Canada Drys earnings for the twelve months ended March, 1968 were $1.27 ..per share up from 85 cents per share for the previous twelve ..months. ESE estimates earning of $1.75 per share for the next twelve months. A quarterly dividend of 12 cents is a full paid. STOCKS FOR POTENTIAL CAPITAL GAINS 9 ASSOCIATED BREWING CC. (13) ABW has grown rapidly due to a series of acquisitions. During the past year unfavorable weather, competitive price cutting and civil disorders limited sales and restricted margins. Cost control efforts, improved market conditions and continued promotional efforts should reverse the earnings downtrend. Earnings for the twelve months ended March, 1968 were 73 cents per share down from $1.07 per share for the previous twelve months. ESE estimates earnings of $1 per share for the next twelve months. No cash dividend is paid. i S1 Heeds List iry CUMMINS ENGINE CO. (42) CUM is a leading manufacturer of diesel engines for trucking, buses, ships, construed, n and Industrial machinery. Earnings for the past year were depressed as a result of deferred buying by truckers. Lower inventories, improved demand, new facilities and other cost cutting steps are expected to lift results from their depressed levels. Earnings for the twelve months ended March, 1968 were $1.04 per share down from $2.80 per share for the previous twelve months. ESE estimates earnings of per share for the next twelve months. An annual 80 cents per share dividend is paid. $1.75 MOORE t McCORMACK CO. (28) MCL, a holding company, derives most of its revenues and earnings from a Lines. City Investsubsidized subsidiary, ing Co. has reached an agreement to acquire MCL subject to stockholders approval. For the twelve months ended March, 1968, MCL reported a deficit of 22 cents per share down from 99 cents per share for the previous twelve months. ESE estimates earnings of $1 per share for the next twelve months. A quarterly dividend of 25 cents per share is paid. Moore-McCorma- ROHR CORP. ($0) RHR is a leading manufacturer of jet and prop-je-t engine pod assemblies. Company supplies these assemblies for large commercial and military aircraft Margins are benefiting from a high order backlog and internal efficiencies Future results should reflect edditional business from the 747, SST and Airbus programs. Earnings for the twelve months ended April, 1968 were $2.14 per share up from $1.11 per share for the previous twelve months. ESE estimates earnings of $3 per share for the nexi twelve months. An annual 80 cents per share dividend is paid. Th Elactronlc Stock Evaluator Corporation of Roekvlll Contro, Now York, selected tha fivt securities listed abova for outstanding fundamental voiuo market Interest. F3E use compjter to perform task commonly done by Individual re search analysts. However, the computer has tht advantage of speed, enabling ESE to analyte approximately 7.300 securities each week. In forecasting the price action of a security, ESE obtains estimates of earnings, dividends and ales from several dlfferant sources, and program a consensus of tnese esti mates Into the computer. The computer then assigns e rating to tha security which serves at a guide fer the recommendations mode by ESE. Since the reting assigned to a security I largely dependent on tha obtained by ESE, the accuracy of a 'ecommendatbn is dependent upon the accuracy of the estimates obtained. In this respect, the Individual eneiyt and the computer are subject to the same limitation. Central eonomlc conditions, national cr'sls, or naw events which are unpredictable Iso may have Influence on the securities that are recommeded. Your broker will be pleased to furnish you win addition! Information regarding the Above securities. The Electronic Stock Eveluator Corporation. (C) 19 tat nd Seats recline to near level to permit taking a nap. Air circulation on the ground provides comfort not found In some more costly aircraft. Up front, the professional pilot would feel right at home. The flight instruments present a ready picture of the business at hand, and engine instruments are readily visible In the panels center section. Starting, magneto, fuel and light switches are located on an OPPORTUNITY f i'i Bursar ChlktPrto Ico't PIiii i gty tO'i Pin nar Wbr Sllt camput thu 111. Opportunity will aptn tor monogor or Investor mrioger. Must bo presently omploysO. Sond about yourself to ISIS Fleet-wooDr., loll Lakt city 14 ICS. Oil Import Curb Asked - WASHINGTON (AP) The Independent Petroleum Association of America called on Congress to limit Imports and en- courage the domestic industry to remain capable of supplying our oil requirements at all times. The association president, Har- old M. McClure Jr., Alma, Mich., commented in testimony prepared for House Ways Means Committee. Our margin of safety in oil supplies is unnecessarily and artificially dwindling and our security is thereby threatened, McClure said. He said oil imports have increased since World War II from less than 400,000 barrels daily to almost 3 million, despite a voluntary oil import program. pipe organ! mph at 20,000 feet. Top speed is 2G0 mph. At this speed and power setting, the Turbo Nava-- : jo burns about 36 gallons of fuel an hour. Figures indicate that seat, cost per mile (six seats installed for 1,000 nours annual operation) is about 2.8 cents which would make the Navajo a for the airlines, money-make- r and an extremely economical aircraft for industry and air taxi operators. facturers claims. g Urban renewal should be done on a private basis, not government, and to show that this can be done, Estate Realty, has renovated a apartment building and made it look like a modern office building. Located at 316 S. 4th East, the building needed $65,000 worth of repairs, but the investment is paying off, according to Gary Riddle, president of the firm. Before Estate Realty, which in home building, specializes remodeling and sale of real estate along with apartment rentals, took the building over, only three apartments in the four- renewal a person begins to lose his civil rights . . . especially in property ownership. The government might be able to build a nice looking area but it isn't worth the improvement if the government takes over and people lose their property. Private enterprise can accomplish urban renewal . . . weve done it anu it has been profitable. The aircraft we flew is a turbocharged machine, with a true airspeed in excess of 240 Cost of the Turbo Navajo, Including weather avoidance radar is under $159,000. The Navajo is available through Thunder-bir- d Aviation, Salt Lake City . Government figures indicate the popularity of this airplane. overhead console with fuel Between October 1967 and May 1968, Piper sold 154 units, comquantity and other gauges. to 19 of another similar But what sells this airplane to pared aircraft. the pilot is In some cases, it exceeds manuIn single engine configurations, little rudder Is needed to maintain straight - and level flight, and the aircraft continues to handle amazingly well. The aircraft used in our fl'ght test is owned by Kelsey-Elli- s Airservice, for air taxi and charter operations. It is fully airline equipped, including heated windshield and equipment. By DOUG CHRISTENSEN Deseret News Business Writer Now your church can have art electronic organ that disperses sound like a Airservice to fly the Navajo, we The autopilot has directional, took it, and we found out why navigation and approach coupler the airlines buy the airplane. capabilities, freeing the pilot to They can catch up with general monitor radio and radar instrucaviation in passenger comfort. tions under instrument flight Whas more, the Navajo is a conditions. pilot's airplane. For the passenger, huge picture windows permit a panoramic view of the countryside below. Individual air outlets and Private Urban Project Works storied structure were rentable. Now the top two floors are divided into eight bachelor apartments and they are completely rented. The two bottom floors have been turned into offices and they are nearly full. Mr. Riddle said the building now has another 40 to 50 years of life. Windows were changed, a new front was built on to give more openness to the entrance and all functional obsolescence was removed. The building is the new home of Estate Realty and the Apartment Data Center which is conveniently located in the heart of Salt Lakes apartment district. Mr. Riddle expressed his philosophy about urban renewal when he said, If government performs in the field of urban i r.2 vua : v. lo Old apartment building becomes modern structure. -- p 6f Today . . . With AUTOMATIC similar in appearance end results to the n pipes of a pipo organ. It's a new development in tonal dispersion another Conn exclusive! Unlike convention al speakers that "aim" the music, the Conn Pipes are completely They project music through the pipes to gently envelop the entire congregation. In stallation problems? Practically none as they are sur prising ly compact ar.d will conveniently fit most any wind-blow- whore. The cost? Even will be Impressed. budget-minde- music committees d see and hear for yoursolf . guarantee you'll bo Improssod. Com o in soon w Stick Shift!!! Drive thg New '61's Today 3096 Highland Drive to Villa Next VOLKSWAGEN Phene 486-810- 4 Ttigntre INTERMOUNTAIN 2033 PHONI HU South Main PIANOS |