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Show popod their sptax heads, for these are the same stocks that By JOHN CUNNIFF AP Business AnalW smelled like the counter m 19(i. The housewtle has called off her bouxitls, and consumers for some reason aie spending with abandon, regardless of tne tax increase. P.etail prices haxe been keeping ahead of puces the grocers must pay for the pioduee they sell. And so profits hue risen this jear, especially fm some of the regional claims. NO l ltll.I.N - NEW YOPvK (AP) Tiling are looking up toi tho c1i.mii food stores, like pi ol its and stock prices and tlie outlook. A couple of years ago the' same things loosed terrible. Piofits were down, once placid housewives weie making ominous gestures with their handbags, and stamps and promotional games were being ked from all directions. No wonder supermarket stock prices weie depressed. Kveis-on- e was unhappy and gium-blinThe eustonieis aigueil and boycotted; the eashieis and manageis ueip edgy; profit margins shnvrlrd to near yeto. The whole pictme was sad. at-t- a MOW the inoie piof-Itnb- look aie lessons in efli-- e i e n e v a ii d management le, lined dui mg the troubles of 1'iMi. Some sices have icluined In migmal methods ol roi)ixLi-liv- e few set vices, no pt i fulls, no stamps and even fewer pioducts fin shoppers lo choose ODOR liotn. Now, just a couple of eais later, Wall Street anahsis delect a new odoi about stocks. Its as if the air fresheners on the shelves had Mipn-maik- neate Helping g To broaden pro! if, new nonfood products continue to be added to the items found in many large supernal kets. Sev- - et utSok iriglhter Store hcairo eial laige national chains aKo opeiate drugstores, wheie markups generally aie higher than on food. promote 1966, esecialiy for food, the housewife grew less sporting and more serious. She boy-- i oiled stores. She demanded an pnd to games. Let the gasoline stations play games," she said. SOME THRIVE Stamp companies have by no means gone out of business as a result. Some, in fact, are thriving, but hardly booming as they were a coupie of years ago. A good deal of the hullabaloo and from is missing carnivality shopping centers. it the troubles, Examining must be conceded that the supeimaikets weie to some extent caught in the mddle. Their costs were rising, and net of one. two their after-taor three per cent left little room or them to absorb the increases. MORE TO STORES But that doesn't tell the entite The gross profits of Mury. supermarket chains generally exceed 20 per tent. That figure In name Diversilication of a sort has been introduced also. Some operators of discount department stores are operating nearby suei markets in order to the human traffic promote needed in their operations. The infaltionarj atmosphere, Ironically, may be helping also. The housewife has become used to rising prices, if anything she now exacts less rather than nice for her nicies, ft wasn't that wav two years ago. DOING STRONG Stamps and games wcip and 1966, going strong in and everyone was amused and happy so long as it appealed that everyone was a winner. Then came inflation, and with it came more attention to pence-- , nickels and dimes. As price increases accelerated x 13 computers. SHOW G IN Already, however, profits are improving. For the first half of the year, and very likely thtough the thiid quarter as well, the majority of large chains showed greater net income than in 1SG7 Analysts sav the future also looks good. As a result, the Standard and Poor's index of food chain stock prices is up more than 30 per tent in the past year. It still has a long way to go before reaching the pretrouble high of 19C5, which is one reason why stock analysts are recommending lected chains. Of C Unit Reorganizes C. is then whittled down to a small net by payrolls, rent, promotions, taxes and so forth. It is unlikely that payrolls, taxes or rents can be reduced by an exertion ol will or legerdemain. But some analysts believe that efficiences can be insome of troduced elsewhere, them through use of electronic se- T. Simons, Mountain Fuel Supply Co.; W. P. Blanchard, Blanchard Metal Processing Blair Bradshaw, Co.; G. American Savings and Loan S. Harrison Association; the to council advisory of the Salt Lake Area Chamber of Commerce were named Friday at the organizational meeting in the Alta Club. Appointments Brothers, American National Bank; J. Edward Flynn, Rodeuay, Inc. ; Russell B. Jex, People's Finance and Thrift Co.; Dr. Harold B. Lamb, Salt Lake City physician; Dennis McCarthy, Van Cott, Bagley. Cornwall and McCarthy; James D. Morre, Anaconda Co.; Ray J. Thomas, Commercial Shearing and Stamping Co., and Jack E. Wilson, Lauren E. Burt, Inc. Another member will be appointed later. Members whose terms expire in August 1969, are Raymond B. Holbrook, U.S. Smelting, Relining and Mining Co., was elected chairman, succeeding Edward R. Spilzer, ZCMI. Hyrum E. Biadley, Mountain States Telephone and Telegraph Co., was named vice chairman, with William D. Oswald of the chamber staff, secretary, and Mary Drake, recording secretary. The board's function is to provide policy decisions for the board of governors. It will Max I. Beers, Univac Division of Sperry Rand Coip. ; George F. Bishop, Phillips Petroleum Co ; Glen A. Cunningham, Union Pacific Railroad Co.; Paul K. Hawk, Hercules, Inc.;. William F. Homer, First Security Bank of Utah, N.A.; Harry H. Jeffries Jr., Western Air Lines; H. E. Miller, William Vo'ker and Co.; Allan D. Musgrove, 1ML Freight, Inc.; H. J. Riggert, 1780 Millbrook Rd. (3610 South); Robert F. Rohlfing, Gillham Advertising Agency; Clifton A. 1'olboe, Tolboe Construction Co., and B. A. Weight, Salt Lake Board of Realtors. concentrate during the coming year on studying local rr issues. Three-yea- members r are Mr. Holbrook, Mr. Bradley, Mr. Spilzer, Dr. M. Lynn Ben-nio- Salt superintendent. Lake City Schools; Frank Dis-tos Bank and Trust Co.; Ken u. Garff, Ken Garff Co.; Henry R. Pearson, Utah Foundation; J. C. Taylor, Utah Power and Light Co.; E. Scott Wetzel Jr., Scott rp Tracy-Collin- "V L h &&&& i; sf- , - .' , V ' 4' , ' y Saturday, October 8 A; CORNERON COMMERCE I 1968 12, Wetzel Co. ; Harold Wooley, KCPX, and Lewis Flinders, Parade Car Firms Pursue Oil Co. membeis are J. Two-vta- r Professional Secretary Certified Pollution Control Geraldine Kehi, vice prcci e dent of Chapter, National Secretaries Association, will receive certification as a Idaho. Miss Kehls employer, Mr. George Pulver, Utah Sal-Ut- marketing manager, Mounare motor that will effectively! He said researchers tain States Telephone Co., will educe the automobiles contri-- ! improving upon exhaust control professional secretary at a speak following the presentahl for the gasoline dinner Thursday at the tion. bution to the air pollution prob equipment fueled internal combustion enRamada Inn. A Certified Professional loth is the object gine now in use. the award to is one w'ho has sucPresenting Secretary of cons tant Mr. Jensen listed the various Miss Kehi will be Mrs. Ina cessfully completed a Industry retypes of motors being developed Adler, president, examination search, a Ford and tested and briefly noted Division, National Secretaries administered by the Institute Motor Co. offitheir strong and weak points. from Caldwell, Association, for Certifying Secretaries. cial told a Salt These included fuel injection ' Lake group. of Le record this week. world des for sold Pont Renoir's painting, a $1,550,000 Paris," Arts, stratified charge systems, 'The automoengines, gas turbines, diesels, Use Insurance Computer bile industry is the Wankel engine, the free pisexto continuing moton engine, battery-driveThe processing of Utahns Each day, a paper tape is amine all potentors, steam engines, tlie Stirling insurance benefit applications prepared in the Toohey office tial sources of Cycle engine, fuel cells and has been cut from seven or containing basic information S.L. power that atomic engines. on benefit applications. The more days to 24 hours or less in might prove practical for motor all these Drawbacks tape is loaded into the transS. been elected Duane Carr vehicle application while cur- - enrines al their has present stages1 by Mutual of Omaha and mission unit which feeds the taking or eliminating uwlesir-- 0f development are preventing to the national boaid of directors! United of Omaha. The Wildata to the home offi- e com- .1 . . . . . in aide or harmful emissions." 'tlleir widespread use in B. Tooliey Agency in Salt pviter. liam Dijuald A. Jensen told a meet- automotive field, Lake City, is now connected NEW YORK (UPI) A average of $374,500 per paintAngeles industrialist Morton ing of the Salt Lake group of Complexity and high cost are directly with the company's Detroit. in recwent for for Simon 1 Renoirs bettered the of Renoir Automotive Ungi-- hampering the fuel injection, queered the Society previous ing paid central computer center in a was ord average of $312,000 for a HEAT TRANSFER Bridge of the Arts 'stratified charge and gas tur-- j Ilp wiU pave next week to at- - $1.33 million this week at an ,Htrs Inc- network. the times of of sale auctio.i five more than French French preImpression, Impressionist bine engines. The gas turbine is Mr. Jensen is executive engiEQUIPMENT . . tend a board meeting and tne ist paintings which shatteied vious record price of $299,600 woiks by more than $60,000. nerr, vehicle emissions and considered the lowest pollutant, REPRESENTATIVE national convention, both being world records right and left. for one of the artists works. Seven of the paintings, regulations engineering staff, for emitter of the tuel burning Hert is an opportunity for an estabLos The in Louis. St. held Heads Committee price Pissarros View of the engines. lished manufacturer's representative including the Renoir and the to represent a leading manufacturer Gardens, also brought Pissarro, were offered for W. Arthur Carlson, presiof heat transfer equipment in the una record price. An unidentisale by New York actor Cliftapped Salt Lake City area. Basco fied private collector paid ford Klenk and his wife, an dent, A & R Meats, Inc., 3585 has been a leader in the field of heat OF THE WEEK S. 4th West, Salt Lake City, has $260,000 for the painting, topheiress to Thomas Fortune transfer equipment for years, and is been of chairman appointed record by ping the previous now marketing a new line of fin tubed Ryans railroad, coal, tobacthe of committee the sausage $06,210. co, insurance fortune. The products. other three were put on sale Western States Meat Packers A 1906 landscape by Picasso Heat transfer background is helpful. Association, L. Blaine Liljen-quisIf you know the chemical and petrowas knocked down to an uniby Brandeis University. association president, leum industries, you will have a head dentified Swiss collector for A representative of the uniannounced today. start Liberal commissions, sales $430,000, only $102,000 less versity paid $500,000 to buy aids, advertising. Inc. Mdls as choose Fieldorest A computer has helped ; than the auction record. The committee is one of the back one of its paintings, a Write: ihe Stock of the Week for potential buyers. Auctioneer John Marion Monet jortrait of his first 26 committees which assist Ragtr P) Kmtjtr ! F1ELDCRF.ST MILLS, INC. (44) i) FLD is a quality proMarketing sold 10 paintings in all for a wife, rather than see it go for the officers and directors of tNDUStftlAa I IASCO DIVISION ducer of household textile products and is heavily dependent total of $3,745 million in the less. Informed sources said the association in guiding the A'wIcm PrtcbiM Indwilrits fafe 2777 WaldM Avi on consumer spendings. Earnings have been depressed. How25 minute auction at the Brandeis had hoped to get Western Buffalo, Now Yrfr 1422S ever, the improved rate of spending which began early this r call calltcf, Arw Cod Parke-BereGalleries. The $750,000 for the painting. line ami are expected higher prices year, expanded product to lift earnings to new' high levels. Earnings for the 12 months ended June 1968 were $2.69 per share up from $1.78 12 months. ESK estimates earnjkh" share for the previous next 12 months. The quartet ly for $3.23 share the of ings icr dividend has been raised to .33 cents per share, j l'.S. STEEL CORF. (42') X is the largest integrated steel company and is undergoing a major capital improvement program. Emphasis on more profitable products is expected to improve margins which have been deteriorating for some NOVTdEC JAN FEBiMAR; APRj MAY) JUN JUL AUG jSEPlj ( time. Selective price increases and good demand should 12 tor costs. the Earnings prove beneficial despite higher months ended June, 1968 were $4 per share up from $3.80 per fclrare for the previous 12 months. ESE estimates earnings of $4.10 per share for tlie next 12 months. A 60 cents per share dividend is paid quarterly. A Utah-Idah- n o r, Auction Topples Records For Impressionist Art Investment Club Man Names 1 - I Tui-leri- STOCK Textile Producer Tops t, BHTowtjones: .V -- ii : INC. UNITED MERCHANTS & MANUFACTURERS, (40) UMM is a major producer of textiles which include synthetic fibers. The company also operates the Robert Hall ppparel chain and financing operations. Sales are improving from recent depressed levels. Foreign operations are stronger and expansion of manufacturing and retail facilities Should continue earnings uptrend. Earnings for the 12 months ended June, 1968 were $3.56 per share up from $2.56 per (share for the previous 12 months. ESE estimates earnings of $3.70 per share for the next 12 months. A dividend of $1.20 per hsare is paid annually. BOBBIE BROOKS. INCORPORATED (23:'.j) BBK is a j major manufacturer of womens and girls coordinated outerwear. A decline in volume produced losses in the past two fiscal years, however, reversal of this trend now appears jxxssible. Increased volume, an eftective cost reduction jirogram and diversification of uroduce line suppoits our earnings outlook. Earnings for the 12 months ended July, 3968 were a deficit of 66 cents per share as compared whii a jlcficit of $1.12 per share reported for the previous 12 months. ESE estimates earnings of $1 per share for the next 12 months. No cash dividend is paid. ASSOCIATED TRANSPORT INC. (16) ATP operates the largest motor freight system in the East. An acquisition f.rogram has steadily improved revenues. Increased traffic,recently granted rate increases and the prospects of expandsng new business are producing higher revenues and earn lings. Earnings for tlie 12 months ended June, 1968 were 64 (cents per share versus $1.41 per share for the previous 12 months. ESE estimates earnings of $1.35 per share for the 'next 12 months. An annual .40 cent per share dividend is paid. Electronic 5tccc Evaluator Coro Roc. vilie C.nre New Ycrk necld the two $e.ur rt Dsf.--d ebve ird Jo cj r3 uno nteoictl s va LCE poove ave ope had K : mte-em errr I j .s ccrrpuers .p dcMg ak fnonly oone bv tnd victual research analyst'. However, the computet his 4he advan age of sped. enabling ESE 2.J00 stcuri-1-e- s 4o analyze approx mate each week In precasting tne pnee action of lcurdv ESE ob'ams estimates of turnings, dividends and sales from ever! different sources, and pro fama a coeserysu of thest estimates Th At it A .nto the cooikpter. The computer then a rofioq to the security which 5D as a guide for the rccom smv pious fVcde by ESE S ce fh' r?irg a5jurc1 tcon a rCCurriy i he estimates d'P cbt'ined by ELE the arc j'acy of a l aoend.-Ton upon the is reconimercat accutacy of if.e esnmars obtained re the individual in this search anaivst snd he computer ac subieci to th same limitation. General economic conditions, national crisis, or re vs events which are unpredictable also may have influence on the are recommended. securities n rrd i l meat-packir.- g The OakridLge Total 99 Electric Home 71 FRIDAY 52 Dean Wittef & CLOSINGS WEEKS 63 South 2340 East Street H 1967-196- Co Incorporated Research Deoartment The stock market recorded few gains this week. ALBERTA DEPARTMENT OF AGRICULTURE director of economics fHe Economics Division octs os on opplted rtsoorch and resource agency dofo to groups such at tfe in onalyzing and supplying rural community. Divisions of the Deportment of Agriculture, ond ether the Diprovincial Deportments. A progressive progre is mointoined by vision os is reflected in its continued growth methods of research and operation. and use of contemporary planning The man selected will assume responsibitity for provmeo-wid- e ond policy making for program management. He will be a positive, persuasive individual copabie of instilling confidence in ond motivating others. Hts credentials will include a proven administrative background supplemented by university graduation preferably at a pott graduote level to ducimion. So'ary range ,4 to $16,500 with appointment lalary open ol In correspondence, please quoe Competition No 4476 , Deportment riculture, and lorword to PERSONNEL ADMINISTRATION OFFICE ROOM D203, TERRACE BUILDING EDMONTON, ALBERTA, CANADA 1 Youll Love These and Many Other Features flameless electric heating. Flameless electric air conditioning. 3 bedrooms, 2 baths. Dining room, sunken living room with beautiful rock fireplace. Fully carpeted, draped. White brick and stone exterior. Clean-os-lig- ht Attractively landscaped. kitchen includes flameless range, oven, dishwasher, disposer. r 1)11 MiuPruW Open House 1 2 noon to 6 p.m. Saturday and Sunday X, , Builder: Fortune Homes Eagar Realtors 486-137- 3 or 277-168- 8 (Joe VanSeters) " |