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Show V ? I W s Action Ads DESERET NEWS, MONDAY, APRIL 16, 1973 r yin D Deoths A 1 I Trade wizard hasnt lost fouch ties with Russia W ASHINGTON' in 1921, Arntand (IPI) After he met V. year, his business ties with the Soviet Unions At age 74, he apparently hasn't lost his touch. Occidental, which has grown to the 36th largest industrial company in the United States and 10th largest oil company in the world since Hammer took control in 1957, signed an $S billion $4 billion agreement with the Soviet Union last week to going each way trade chemicals and machinery for chemical fertilizers over the next 20 years. Before the equipment arrived. Hammer visited the mines in the Ural mountains area of Russia to get a view of what a famine is like. -, ! It was the first-han- private firm and, by far, the biggest trade agreement in history. The agreement took nearly 10 months to negotiate and was signed in Moscow by Hammer and Soviet officials. d long-fibe- pencil-importin- g pencil-exportin- g Hammer then decided to use the $1 million from his father's business to purchase 1 million bushels of American wheat to help feed Russians starving in the Urals. That decision touched off his extraordinary business career. The Soviet gov eminent w as w ary of buying Ameri- Soviet-Amenca- n g The deal was the latest in the series of business coups that Hammer has pulled off since taking oer his father's floundering pharmaceutical laboratory at age 23, turning it into a thriving business and selling it for more than $1 million. "1 said, Well, I've got a million dollars. I'll buy a Ford plans Ski areas generally improved their profits lasfryear, but still one in three reported season. a loss for the ported. David N. Anderson, geo- thermal officer for the state division of oil and gas, said Sen. Alan Cranston, said he had been informed by the State Department of Japan's move, but he had no other details. made the disclo- Cranston sure at the start of a third day of hearings by a Senate ance for an area to be successful. Of those that are not successful, the bank said, most The figures were released ski areas that are losing money are either not adeqby United Bank of Denver, uately managing their controlfinancer of most of Colorado's ski areas, in its second annual lable expenses or they are utilizing acceleiated depreciation economic ski survey of Nationschedules to liquidate their al Ski Area Association meminvestments as rapdilv as posbers. sible. According to the study, avBut perhaps more imporwere up tant, many areas are not u i profits erage pre-ta25 percent last year to izing their resources efficient1$155,000 or 15 percent on m ly, particularly during the gross income. That compared said the bank. with $88,000, or 11 percent on In the geographic breakgross income the year before. downs. the bank found ski r All profitability measures, esorts in me Rocky Mountain that is, retuin on equity, fixed area had income of $1,459,090 and total direct expenses of assets and capital, approxias $646,090, leaving a gross marmately doubled in 1971-7compared with the previous gin of $813,909. Subtracting other expenses, this left an avyear, the bank said. pre-taprofit AWhere it is clear that the erage or 14.9 percent of financial performindustrys ance is improving, it is also income. apparent that the economics of the industry are very complex, added the bank. Groundbreaking ceremonies No single factor, such as for the new $2.5 million Canlocation, investment or capacyon Racquet Club will be April ity, is predictive of an area s 25th at 10 a.m., said Samuel pro itability. Rather, the deliPark, president of Canyon Decate econmomics of the ski velopment Inc. The club is industry require that located at 7300 South and Waall critical elements be in bal satch Blvd. 1971-197- 2 x A foam sandwich Chevy Chevrolet's XP898 "idea" cor is built with a frameless, fiberglass foam sandwich body and chassis. The outer shell is four sections bonded into a single structure. Reinforcing plates hold the drive train, hood ond door. Chevy thinks the car will be able to "crash" at speeds up to 50 miles an hour without failure to the structure. light-weig- ht Expert to discuss mining technique Dr. Arthur E. Lewis of the Lawrence Livermore Laboratories will talk on nuclear solution mining at an April 19 meeting of the Utah Section, American Institute of Mining Engineers. Dr. Lewis will discuss some of the methods being investigated to mine lower grades of ore and less accessible ores of metals such as copper. The meeting will be held at the Rodeway Inn, 154 W. 690 South, beginning at 6 p.m. Household tax burden expected to rise - NEW YORK (UPI) The total tax burden on each of the nation's households will jump anout $341 on average to an estimated $5,070 in fiscal 1973 compared with $4,729 last year, the Tax Foundation, Inc. said Sunday. In its 17th edition of Facts and Figures on Government Finance, the private, nonprofit research organization said the nation will pay a total of about $339 billion in taxes in 1973, with $125 billion of the total taxes. going toward state-locThe studv estimated the rate use of the boiling waters provided a source of heat for a greenhouse where the tomatoes were grown, offsetting the damage normally expect-- ' ed from extreme cold at high elevation. Tile tomatoes were grown by Philip W. Gutman, president of Hobo Wells Inc., at his greenhouse at the t level Hvdro-phonic- 4,090-foo- about miles east of Calif. 28 Susan-ville- , $34 1 taxaof increase in state-loction (9 percent) will exceed slightly the rate of increase in federal tax payments (8 percent). Among the more dramatic increases accounting for the tax burden the householder has shouldered in the past dec- Larry D. Saling has been named market analyst for Truckline, said John C. Williams, president. Salir.g will also handle advertising and public relations for the $52 of logs, purchase billion board amounting feet in 1972 and running at a billion board feet rate of 4 this year, have been blamed for skyrocketing Frices of state lumber. Wasnmgton provides 82 percent of the logs for export and the remainder comes from other Pacific Coast states. to 2.7 Harry Bridges, president of the International Longshoremens and Warehousemens Union, strongly opposed the proposed ban. Before Marketing variety of Transport Saling held a joining Co., advertising positions and media in with agencies the area. He is a graduate of Brigham Young University. Agents win honor Williams move John Henry Smith, Roger Smith and Boyd Mordue. all affiliated with the John Henry Smith Insurance Agency, have been given special commemorative plaques from the SAFECO Insurance Co. The event also noted the achievement of one million automobiles now covered by the firm thorugh its independent agents. Williams Equipment and new Controls Companys location is 378 W. Lawndale Dr. (2590 South). The firm also announced the appointment of Robert L. Dunaway as a sales engineer. 1973 CADILLAC Calais COUPE $6,587.40Power LINOLEUM RUGS x 13.25 17.25 12x12 12x15 Air conditioning. Windows, Power Seats, Power Power WE LEASE ALL MODELS LINOLEUM REMNANTS RUG RUNNERS TABLE TOPPING Groundbreaking Buy & Save 4th So. 7th W. Steering, Brakes, AM,(FM Radio, Tilt & Tele. Wheel, Power Door Locks, Bumper Impact Strips, Radial Tires. 9.25 9x12 UM at 355-465- 521-444- 6 4 mm ade, spending for social wel$171 billion, up 1960-197- 1 Japans names market analyst B fare tripled to from billion during the period, the founda- tion said. 14 POPLAR BLACK & DECKER LAWN TRIMMER (Also Edges) Trims grass and weeds that regular mower can't get to. Adjustable side handle; instant release trigger switch. Converts to an edger tor light edging jobs. each $9 95 each SILVER MAPLE CLUMP & WHITE BIRCH Gutman said Anderson pumps the geothermal water into the greenhouses and uses a fan to circulate the warmth from the water throughout the greenhouse, lie then cools the water in takns, adds it and nutirnts pumps containing troughs through the plants and gravel. 8' to 10' In containers one year $095 each 40 10' to 12' $495 75 GREEN ASH 3' to 4' $1 SAVE ON FRESH DUG OO each TREES BEFORE WE CAN THEM ODDS NEW - SAVE 'n USED - CRIMSON KING MAPLE NORWAY MAPLE BLUE ASH ENDS CLEARANCE And many others MALE GREEN ASH LINDEN at bargain prices DEMONSTRATORS 50 LARGE FLOWERING SHRUBS AND MORE Bare Root BRIDAL WREATH HONEYSUCKLE PERSIAN LILAC WE'RE CLEANING UP OUR STORES OF DEMONSTRATORS, FLOOR SAMPLES, USED EQUIPMENT. WE ARE MOVING THEM AT BELOW COST. ONLY A FEW CAN BE LISTED HERE. COME EARLY FOR BEST SELECTION. IT NEW ACDC WITH CARRYING CASE WAS $1 89.00 NEW DESKTOP RED BARBERRY WITH ONE MEMORY WAS ELECTRONIC PRINTER WITH MEMORY WAS $345.00 ADDING MACHINES- -A FEW DEMONSTRATORS FROM $49.00 $59.00 MANUAL TYPEWRITERS AS LOW AS EBHSTTDEEQ IW II I lLLu ysupputsWUMirti) PLENTY OF FREE PARKING STORE FRONT PARK1NG AND i SERVICE . LET 241 SOUTH 5TH EAST COTTONWOOD MALI 328-972- 6 278-445- 3 VALLEY FAIR MALL 299-630- 3 $25 each US HELP YOU! . 1 year canned, 3 year, and bare root trees ar "If you can plant it, we have it." 40 years Nursery Experience PLENTY OF SCHREYERS price of shrubs in cans 1 ALL BANK CARDS ACCEPTED A HOME OF EVERGREENS all kinds and sizes ROSES 50 varieties $159.00 $259.00 $349.00 at and many others $79.00 $1 1 9.00 DESK CALCULATOR . by 1977 1 F-- lands from private and into subcommittee banking legislation he and Sen. Bob have proPackwood, posed. It would bar the export of logs from public lands beginning next Jan. 2 Geothermal spring powers greenhouse SACRAMENTO (UP- D- A in the major innovation' use of boiling water from a geothermal spring has allowed the growing of tomatoes in gravel during temperatures of 24 degrees below zero, a state geologist has re- voluntarily reported ready curb its purchases. F-- DETROIT (UPI- )- The Ford Motor Co. confirmed today reports it will introduce a completely and restyled smaller version of its popular e to Profits 'improved' for Utah ski areas to restyle the Mustang Mustang this fall. Known as the Mustang II, it will mark the first time the car has been completely restyled since it was introduced on April 17, 1964 announcement was The made at the ninth birthday party for the Mustang by Ford president Lee A. Iacoc-ca- , who is regarded as the father of the Mustang because the original sporty car was developed and introduced while he was a Ford division manager. of Since the introduction the original Mustang, it has grown in size and lost ground in sales to smaller cars. The Mustang II will be based on the current Pinto although its styling will be much different. Pointing out that small cars represent the fastest growing segment of the auto market, lacocca said, smallness is a virtue to many Americans. an he said. But, increasing number of them are reluctant to sacrifice the levels of style, comfort and convenience to which they are accustomed in their automobiles, even though they prefer car. a smaller Mustang-typof the Since production the first original Mustang of the American long hood, short deck small sport cars in March of 1964, more than 3 million have been sold worldwide. In the first year, 418,812 were sold, setting a record that still stands. FRANCISCO (UPD-Fa- ced with mounting pressure for a ban on American lumber exports, Japan was SAN . d can grain because it had no diplomatic relations with Washington in 1921, and feared that any shipments of gold, in payment of purchases, might be confiscated. Hammer recognized an opportunity . His first contact with Russia came in the same Japan readies curb on lumber purchases Lenin allowed Hammer to become the first foreign concessionaire under his new economic policies. Hamr asbestos mer later became involved m a mine in the Urals and built a pencil factory which counturned the Soviet Union from a So He to two a in years. country try represented 38 American concerns in Moscow until the Soviet government orgnvzed its own foreign trading organization. The agreement signed last week calls for Occidental, a Los Angeles-basefirm, to supply the Soviet Union until 1993 with more than a million 'oils of super phosphoric acid used in making fertilizers. In return, Occidental will receive ammonia and urea for use m some of its industrial processes. The agreement is a straight barter deal of $4 billion worth of materials each wav. No cash is involved except for some initial Occidental financing. It was terrible, he said in a recent interview. Especially the hungry children. The people were dying at every stop. At ach station they were carrying the dead away and stacking their bodies up behind the stations. And all night long, around our train, little children would cry for bread. largest deal ever between a nation and a CORNER ON million bushels of grain and ship it on credit, providing that every ship that comes loaded with grain, you load with something I can sell in America and pay for the grain. After Hammer signed the contract. Lenin, the founder of the Soviet State, learned of the development and summoned him to the Kremlin. 1921, after he graduated from Columbia I'niver-- '' sitv Medical School. He purchased a World War I army fie'd hospital and shipped it to Russia to help treat famine victims. I. Lenin Hannner, the chief executive officer of the Occidental Petroleum Corp.,' made the most of ( n commERCE - SUNSET NURSERY 8210 South 7th East Phone 255-07- 1 Closed Sundays, but visitors welcome. MS 1 'i-- |