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Show i. Interest Rates styew-wyi- w jnv opsxiwuy ' 4 !p VaA it News Service Best bet is that rates will remain generally firm. ProbaInleie.st rate';. Where from bly higher at times. Almost cerhere in the next five veal's? tainly never much lower, !n other words, virtually no likelihood of interest rates reYOUR BUSINESS turning by 1973 to the relatively low levels of the late thirties, the forties and the early fifties. Speaking out on interest rates are Sidney Homer, general partner of the New York Stock Exchange member firm, SalomSEE YOUR on Brothers Hutzler; Dr. Paul SAFECO W. McCracken, professor of SAFECO EXPERT business administration, Umver-- j INSURANCE Graduate aity of Michigan Dule Josephson Co. School of Business; Dr. James 2 Dr. Na. 3061 Highland J. O'Leary, chairman and chief 1 Phene economist, Lionel D. Edie & j Is no place for "Do It Yourself " Insurance 417-36)- Harry Hamm ships faster when lie sends important shipments straight thru, via frequent, urdelayed bus express schedules , . . handles more orders, more economically via Continental railways it X Wili inlaid Line' Copley t z , .;- - ' "r'Ttr iiiiw n yfinfiM n Ice Skating Rink is Now New Provo Bargain Store J VJ! PROVO Reams Food BarWarehouse opened for gain Monday, November 4, 1968 business under the "big top today. Lniversily, The new food outlet is located They make their separate .s at 1350 North 200 West in what in a new book, "The r was formerly an ice skating Outlook for Interest rink. The building features unRates" (Rand, McNallv & Co., usual architecture with a comChicago). The following are a few of the, pletely rounded top design. i the Paul Ream purchased points they make: Homer The overriding deter- property from Leon Frazier in minant of the setular trend of1 order to provide facilities for a interest rates will be more war retail outlet. WASHTNGTON The a problem if one firm is high large (AP) or mce peace. Of special interest to the shop- While credit Interior Department may have! bidder on two or more tracts. McCracken cool js a newly installed crunches and $20 billion federal to award an oil shale lease to In that case, the department room" which keeps fruit and deficits in the mid 1960s have1 the lowest bidder next month, if said the government! vegetables cool yet is comforta- today, interest rates above or pushed shopper, will to what it takes the those thats bring accept high bidsie what will be par for the course, totall Customers are able to view in the which result its largest maximum we are in an era of interest rate government their beef hanging in halves bonus." levels that will be high by stan- profit. through a large glass window. dards of this century. This seeming paradox emer- - A legal officer said this meant hpj. meat department haj 125 would award feet 0f meats on both sides, Mr. After the Vietnam O'Leary ges from rules of the game'16 government whichever combination of leases War, during the next five years, saidannounced today ny the depart . WOu!(j bring it the most total the American economy may be A in the anticipation of the konus m0nev three1 on the expected to expand vigorously, ment ... opened in the near future, Mr. based upon government fiscal opening of field competitive tracts. 'Ream said 20. Dec. next and monetary policy and such' bids "We can sell by the can. case agreed tins opened the forces as a strong increase in! Cloy L. Johnson, The department Ls inviting possibility of the lowest bidder of carload, of the rate family formation, of-- l if that happens manager, said of the new scrv- a to compete lease, industry by getting t e c hr.olegical and change combi- - ice. fermg bonus payments to the to fit into the expanding private investment One of the fea'ures of the for the right to'nation. government spending. in the store is door-to- servue locked in oil to the extract try It is easy to imagine combina- car spending. These forces will keep Mr. Ream said. A delivery, interest rates high. tions favoring a low bidder, for number is given to the shopping Wallich There seems to be example when he bids on only customer who then drives to the a strong probability" that, five one tract while his higher service entrance for his groare bidding on others ceries. years from now, rates will be at In principle, the highest bidcould historically high levels. They der would get the lease on a a3 well. The government could be higher than todays particular tract. But the Min- find it more advantageous to rates if inflation continues at its eral Leasing Act of 1920 bans award this single tract bidder present speed, or if balance of any bidder from receiving more the lease, rather than lose his than one oil shale lease, posing1 bonus money entirely. payments pressure worsens. Co., and Dr. Henry C. Wallich, professor of economics, Yale Low Bid May Get ca-e- Five-Yea- j Oil Shale Lease , - , Ice rink becomes grocery store. I I ESCADKE IHPM TTOitt: KIDDWAtPy Lease The threat of consumer lawsuits is expected to be a powerful stimulus for stores, banks and other sources of consumer credit to live up to the new Truth in Lending Act when it takes effect next July 1. While there are criminal penalties for creditors who ignore the rules, they will also be open to suits from customers who stand to collect up to twice the amount of the finance charges plus costs and legal fees. INVESTMENT (Have the use of a your money REQUIRED car without tying up ) as well LEASING IS IDEAL for personal as business use. WE'LL PAY CASH for ' the car you now drive.' ' , CONVENIENCE YOUR FOR OPEN EVENINGS The nations toy industry is expected to score a 10 per cent sales gain this year over 1967, and its expected to continue growing at that rate in coming years. Moodys Investors Service, Inc., said "the two major factors in the Unit-- i d States working to the benefit of the toymakers are increasing disposable income and family formations. GO OLDS! GO FIRST CLASS ' it coifs no moro Making home movies is growing in popularity among a leasing plan just right for you. Let's discuss it. FLEXIBLE-The- re's KenGarff O Oldsmobile STATE AT FIFTH SOUTH SALT LAKE CITY , UTAH TELEPHONE (801' 328 8541 . ' , In Deseret News Special AdeBERKELEY, CALIF. quate credit for farmers and NEW YORK (UPI) Prof their cooperatives has played its of American Corporations a vital role in maintaining the nishings Daily, is based on of the family farm in surged 12 per cent from a year estimates and indications the strength the United States, according to ago in t the third quarter of feature is spreading into addi- R. B. Tootell, governor of the 1968, F'rst National City Bank tional models. Farm Credit Administration. reports. every ...Toys up 10 pet. at Christmas . . . Home movies more . . . Ice-make- rs refrig-erato- rs . . . Color H sales gain . . . o u sing demand "Without a constant flow of television set sales to agriculture to mechancredit hit six million are expected to ize, to modernize and to expand this year, a gain of about 15 individual operatioi s, farming per cent from 1967, according could easily have become domito Standard & Poors Corp. nated by industrial corporations "Dealer and distributor inven- in the last 15 years, he said tories are up some, it said, during a meeting with directors out of balance, and and "hut of the Federal demand consumer remains Land employes Bank of Berkeley, the strong, despite the surtax. Federal Intermediate Credit The demand for housing is Bank of Berkeley and Berkeley' expected to be very strong Bank for Cooperatives. next year, according to the He said "the cooperative, United States Savings and farm credit system has kept Loan League. The league said funds flowing from city inves-- i "all the data on vacancies, tors to our farm communities. foreclosures, rentals and sales Without this flow of money, t prices on new and existing even more farmers would have homes point to a bullish trend, in the sponge and head- with potential buyers and ed toward the large cities and renters outnumbering the thus, added to urban poverty units available. Mr. Tootell said. problems, gain for the quarter was 15 per cent. Citibank says the sharp upturn in corporate profits was totally unexpected, that most a profit experts expected squeeze because of the 10 per cent federal income tax surcharge and otlipr factors. The gain was a stiff rise from the 9 per cent increase in corporate profits rackpd up in the first half over a year earlier. Sustained high sales' volumes the principal cause of the earnings gains, the bank said. Manufacturers' sales for the quarter were up 12 per cent from a year were ct strong. amateur pnotographers, Master Photo Dealers A Finishers Assn. The association said a survey showed that "retailers polled said 18 per cent of their total camera sales are now derived from 8mm movie cameras. The refrigerator industry predicts that next year one of according - Color in TV - will Consumer lawsuits popular Corporation Profits Surge Picture five refrigerators sold be of the automatic-icemake- r type. The prediction, according to Home Fur- By Associated Press Oldsmobile CAPITAL Family Farm BUSINESS TRENDS A 1969 NO CORNER ON COMMERCE Credit Keeps to new highs in the first quarter 0f jj,e Companys current vear Bohm s. Savin, president, informed stockholders in a report released at their annual meeting here Pal today. , VOTE FOR THE MAN WHO TAKES A STAND ON SOCIAL SECURITY Social Security benefits should be mcreosed and tied to the cost of Wing Limits on income should be the three-mont- h period ended Septemto ber 30, 1968 amounted $16,256,411 and net income to $497,545. Both figures repree records for any sent sales for Net !! eliminated all-tim- ROSS SJStsSSsA Agriculture end beginning of the year, Utah stated. Credit Committee has named 251 of the Dairell Fullmer were helping farmers "key bankers to act as county nental Bank & Trust Co. s In- million in loans, 11 per 553 wjtj, stallment Loans Department, is cent more than the Prevl0US the "key banker fir Salt Lake Conti-.ban- Pd R same time 515 million Utah He explained that banks remain the major source in farm loans was held by life s of credit and other financial ser- - insurance companies; $34 to farmers. lion by the Federal Iand Based on the 27th annual farm Banks; $22 million by Produc-lendinsummary of the Agri-tio- n Credit Associations, and $12 of the cultural Committee l estate loans, million in plus $5 million in real estate loans by the Farmers Home At ,he mil-vice- 0 Ad chord T 'Par- County. Pol CKUPS TRUCKS STAKES 03 g FOR CONGRESS by Volunteer tor ledy Chotrmon Pott m mm mm from non-rea- Other "key oankers" named in the state Robert Lee, besides Mr Fullmer are Kenneth Milford State Bank, Beaver, Bank, Tremonton, PcrnM, Fi. st Seru-it- y Albert J Braznick, Helper State Bank, Lee Roy Brcwn, Carbon Emery Bank Trice; Roland R Hancey, First Natmal Bank of Logan, Leon Coleman, Bountiful Slate Bank Ferron Petersen. First Security Bank,, Ducnesne, Robert A Dallon, First Seour-- l ity Bank, Moab; Eldon W Schmultz Stare Rank of Southern Utan. Cedar City; Keni nelh Nman, First Security Bank. Nephi;j Ferral D. Huntsman, First State Bank,, SecurPanqwtch, Ferron A Lovell, ity Bank, Delta, Georg N Francis, First Brent McCalhst National Bank, Morqan. er, First Security Bank, Blandmq Bank, Manti Bart Peterson. City State Sanpete. Angus Belhston, Bank, Salma; Robert A Williams. First j National Bank, Coaivilie; Dave Schmid, Mich Beehive State Bank GrentsvHle Meachur, Vernal State Bank, Mai J t Alien. Bank of Pleasant Grove, Ralph T Carlile, First Security Bank, Heter City; j A Delmont Truman, Bank of St. George. Arthur Brian, State Bank of Enterprise. Wavre. Loa. and Merrill Jnkms, Firs Security Bank, Ogden THE OFFICE OF ATTORNEY GENERAL DEMANDS THE EXPERIENCE AND ABILITY OF A SUCCESSFUL PRACTICING Vote CLYDE MILLER for Secretary THE ONLY WAY TO GET A SUCCESSFUL, EXPERIENCED PRACTICING ATTORNEY FOR THIS JOB IS TO Dedication liVLiUNJ Toxm RJr,4-Si- ll Integrity Experience leadership it State House State Senate Majority whip 4 yrs. Secretary of State 8 yrs. 6 yrs. 1967 1961 PAID POL. BY WIN WITH ROMNEY COMMITTEE, P,4 FSMut Adwtiww. K toy fi'tndi of 8 PHONE 521-410- 0 Laki County 11.9 Mill MILL LEVY CUT For Continued Progress PHIL BLOMQUIST County Commissioner Lsns lundbery D6..SI4 S. Tinfley Frank Springer E. L. Jerry Keilgreen Paid OyM MUs CommittH SUNDAY Re-ele- ct m ill HOMER F. WILKINSON, CH. 486-202- - Budgtt $19,501,677 - 11.7 Mills Vot SECRETARY OF STATE REPUBLICAN 342 W. 13th So. liJgit $23,JIt.1)7 MILL LEVY ItH-Prip- uiJ Re-ele- ct ATTSRtJEY GENERAL CENTER Kepf his Pledge "Or good Form deserves another1 . First PHIL BL0MQUIST State Democrat ELECT VEElttQH TRUCK RENTAL COMMISSIONER of ... Frt Ft M, Mitt by Taxpayers Christian Term enneth A Carlson Button Hin:an A. w Joseph Msureen return) lor Womnuiit, Win. T Soutk, Chiirmsn inerYiCZ |