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Show k. Recession imminent center says 6E DESERET NEWS, TUESDAY. JANUARY 1. 1974 Oil profits huge? Guess again energy crisis in an effort to get higher pnees and bigger profits. ''en. Vance Hartke, tugs at the heartstrings: While Americans are getting ready to weather a winter with colder homes and fewer car miles, it is inconceivable that fellow Americans (oil companies) would reenergy export the nations sources." Such caterwauling leads other Washington officials to call for an excess profits tax on the oil industry. The question is, What excess profits?" The facts are that the oil industry in recent years has not been as profitable as other industries. A study by First National City Bank of New York shows that from 1963 to 1972, the petroleum industrys profits as a percentage of net worth were 11.8 percent, compared to 12.2 percent for all manufacturing By Donald C. Bander Copley News Service Many years ago, Mark Twain defined a gold mine as a hole in the ground with a Lar on the top. Today an increasing number of influential citizens, m and out of Washington, describe the domestic oil industry in similar terms. Three states Florida, have Connecticut and New York hauled the major companies into com t to face charges of illegal collu-an- d price manipulation. Sen. Vi (titer Mondale, castigates the industry for runaway further claiming that it is profits. profiting from the entrgy shortage." Rep. Les Aspin, flaying declares, Big Oils dirty tricks, The giant oil companies are displaying an absolute and total contempt for the public by fueling the U Bl 424 4.63 7 40 8 0 Aetna In 13.2714.50 A Mure 8 58 458 FU 4 64 476 AGE Aildatt 11 ( ron Co ShTr Bi Sped Ctwm ft) CNA MN6 Ubrtv Mnnlrt Schus F Schu Sp 87 2 35 4 72 TMR A 10 75 08 COLONIAL 04 11 Aloha Fd II 30 Arman F 432 78 Am Birth Am Dvrs 8 31 53 Am Caty AM EXPRESS FUNDS: 4 70 Coptal 1! Incom 74 Invstm 47 5 23 7 79 42 4 87 68 10 58 7 13 FDS: ill 4 68 3 48 3 80 7 40 8 Of 7 80 7.44 413 7i FUNDS: 03 87 Conver 2 93 3 20 Eauitv 7 32 Fund in It II 13 562 614 85 Grwth 301016 Incnm 1 2 73 2 98 7 12 7 78 Ventur Sped 693 7 57 Colum G II 88 II 88 Stock Am Grift 646 5 97 COMMON1NLTN Am Insln 4 53 495 TRUST: 1 09 1 18 A & B 10 Am Invst MiO 141 152 C 8 0S 683 Am Mu! 12 6 69 AmNI Gr ,19 2 ! 7 Comp or ANCHOR Comp Bd 7 77 8 45 , GROUP: i Comp Fd 667 7 25 8 64 664 Grwth 2 7 04 7 71 Concrd 7 00 7 67 Cons Inv 10 50 11 05 Incom 10 4211 42 Cnsln ow 5 35 685 Reserv 400 438 ConMt In 7 25 7 25 Sped Fnd Inv 664 7 28 Contry C 12 04 13 02 Wo Natl 1691204 Cwn Doll 670 623 Cwn Div 633 683 340 Aslron 310 . Auden 618 673 Dallas . 6 72 672 Davido AXE , DELAWARE HOUGHTON; ' Fund A 4 31 466 GROUP: Decat 7 51 9281614 Fund B 61 8 7 5 36 6 85 Delw F Slock 1 88 622 Della T 478 5 22 Axe Sd 57 72 57 72 BLC Glh 16211 22 deVeoh 165 10 5 Dred Cp 4 06 445 Babson 652 7.13 DodaCx 1474 14 74 Goyroc Drexel E 184 3.84 Boyrk or 633 Beacn HI 7 67 7 67 DREYFUS GRP 61 61 Beacon Dry! Fd 165711 56 344 376 Eqtv Fd 3 80 4 08 Berkshr 640 4 81 Dry! Lv 145315 92 Bonds! Bast Fdn V 09 5 3 Sp I ncm 7 16 7 85 8810 81 2 94 3 21 3rd Cent Brawn 88 .86 E6E Mu 310 310 Brnhm CALVIN FUNDS: Eagle Gr 7 03 7.70 Bull Fd II 113 04 EATON ft Can Fd 21 4 23 54 HOWARD: 50 10 38 1 28 1 5 Bain Fd Div Shr 2510 14 Gwth F 11 70 12 7 Natwd 606 6 62 NY Ven 10 55 11 55 Incme 33 10 0 CG Fund Speed F 696 7 61 84 165 Sick Fd 11 7 12 8 Cop Trill EDIE So 17 65 1 7 65 Cental 133163 CHANNiNG Egret Cl 11651368 Elfun Tii 14 40 FUNDS: 3 02 330 85 10 77 Ernero Bolncd1 62 Enerov 1161167 Bnd Fd 8 80 8 04 6 127 1 3 Fairfld Com Si Eaty Gr 7 51 621 Fm Bure 647 647 325 Fed RRs 70 ... Ealy Pr FIDELITY Fnd Am 7 62 Grwth ! 470 5 14 GROUP: 77 665 7 27 Bnd deb Incom 10 71 11 TO 1 96 1.7 Coptal sped 620 698 Contra Ventur 61 ... CHASE Cv 5Sec ... , 618 ... Dest BOSTON: 61 ... Fnd Bos 7.54 624 Essex ' 49 ' f 61 82 37 Itt 64 60 0 : E verst 11 O .4 52 Fund 30 Purlin Salem F 157 21 20 Trend FINANCIAL PROGRAMS: Fin Dvn 42 Tin Ind 3 8 Fin Inc 5 83 3 93 Vent ldFdVa Inv indie 2 24 Inv Bos 10 38 11 34 INVEST COUNSEL 7 02 7 6 Cooam Copit 17 2 60 2 85 Caoit Sh 5 36 5 87 476 INVEST GROUP: 3 98 IDS Gth 60 5 83 3 93 10.40 11.37 IDS NO S 33 S 80 tZ 69 4 01 lOSPr 8 99 9 77 Mutuol 18 16 19 73 Stock 9 26 9 96 Select Vor Pay 7 42 8 07 476 120 Inv Res I S I Mony Fd 10101104 Fd 13 03 13 03 MM BnG 9u8 99$ MIF Fd 7 65 8 27 MIF Gr 368 419 4 35 4 73 MuOmot MuOm in 8 53 9 27 Mut Shrs 1481 14 81 Mull Trs 1 84 1 84 Nat Indu 9 55 9 55 NAT SEC FOS: Bolonc x7 49 8.1? Bond Sr 454 496 3 30 3.61 Dividn Pref Stk 5 84 6 36 4 41 4.87 Incom Stock Sr 6 39 6.98 5 82 6.42 Grwth MSB sion. A significant est survey report f Collier-Hein- e, The price of the building, located near the Fresno Convention Center, was not disclosed. Collier-Hein- z owns and operates 23 shopping centers and office complexes in the West Del Webb Corp,, former owner of the property, closed the hotel portion of the building in August, claiming the facility had lost money each year since opening in 1964. Part of the 130,500 square feet of office space has remained in use by tenants. A year ago, the purchased Anaconda W. North Tem- Building, 1849 ple, for use as company headquarters. The firm has been in business in Salt Lake City for 10 years. 20th CG 20th Cl 2 69 195 4 35 477 7 96 8 70 6.46 7 06 1271 89 13 Natl Jnv 7 39 8 08 Un Copt 7 78 6 50 WMhol 119213.03 FUNDS: UNITED 6 62 7 25 Accum Bnd Fd 7 75 8.49 Coot gw 91710 05 Coot Inc 912 9 99 12.18 13 28 Incom 6 34 6.95 Scienc 5 45 5 97 Vongd USAA Co 8.81 8.81 dosed for today commERce All stock and commodity markets were closed today for the New Years Cay holiday. IML controller Trading will resume as usual Dennis R. Clark, a certified on Wednesday and the Deseret the complete public accountant, has been News will carry New York, appointed controller for IML reports of the a Intermountain and American r?-Freight Inc., stock exchange nationwide motor carrier headquartered in Salt City. Lake A native of Salt Lake City, Clark graduated from the of University UttaS a"!j Mr. Clark Computer Center of Health Industries, Inc., and Coopers and Lybrand. He attended Army Finance School and completed six years obligation in the U.S. Army Reserve Finance Corp. Hi! I'm Lennie Unified Unffund UNION SERVICE GROUP: BrdSlv CORNER ON with the EXECUTIVE MODEL SHOP US GvtS 9971012 Whilst gr 688 7 52 USLIFE FUNOS: Wash Mu 11 23 127 Apex F 453 496 Wemg eq.J0.63 10 68 7 36 8 0S Boi Fnd Com Stk 10 67 11.67 WELLINGTON VALUE LINE FDS: GROUP: 19 83 21 67 Vol Lne 491 5 38 Explor 8 39 9 17 Ivest Vol Inc 408 447 10 68 11 67 Lev Gth 5 29 5 53 Morgn 10 5911 57 Trust Vol Spc 2.60 2.69 1140 12.46 WeKly VANCE 10 26 11 21 WrHtn SANDERS: 10 03 10 96 Wshnn 6.77 748 Invest 6.67 7 26 Wmdsr 7 53 6.89 VS Com 2.67 2.93 X6.19 6.77 Wes Ind Sped 7 03 7 64 Gr Wsfld Z Vndrbtt (2) 5 26 575 Wiscons 116 1.27 Vangrd 10 1911.13 Vonf 1090 5 97 .. Ziegler Varied I 3 37 3.66 Viknp Gr SIS 5.15 you need me or my friends as n a Model, PR Girl, TV for Receptionist, Typist or Radio call me at the or Spots, If Fill-I- EXECUTIVE MODEL SHOP 4 3000 Highland Drive 487-492- 1 PRODUCT OR SERVICE WANTED IN GRAND JUNCTION Responsible, well financed individual desires to es&biisti wholesale distributorship or affiliation as Manuf. Rep. of Jobber. R your product or service has potential in rapidl expanding oil shale area of Western Colorado, please reply. Have exhaustive experience in business and sales mgL Years of sell employment with high annual earnings quality me to represent you. Will invest commensurate with potential. REPLY-B- PLEASE Shar Malouf, Mgr. . THIS (Training Available) OX S-- 5 NEWSPAPER f1,6?!80,?5:. !!?!?& MiS M).. a , RAN Ilf! B You are entitled to and should have something for those 2,000 hours you work each year. Thats why we offer FREE our Perpetual Money Wheel. Peoples mmmm Perpetual Money Wheel shows how you, at age 25, can by saving $50 a month have $98,094 at age 65. During this time you would have deposited in savings $24,000 (thats $600 each year for 40 years) and well have added a whopping $74,094 in compounded interest. Thereafter well send you a check for $476 each month... month after month... indefinitely... and the $98,094 will remain intact. .Vi WILL BE ' k A This is only one of 296 fascinating ideas on our exclusive Perpetual Money Wheel. Where can you get cne? Only at Peoples First Thrift. How much will it cost? Nothing. ..Its FREE! Just come in and ask! t', 1 MW ftj! , 7 ! Collier-Hein- z hotel Stock market Associates, z Lake futancial consultants, have announced the purchase of the Del Webb Tawne-housFresno, Calif., and plan to reopen the hotel by May I Salt December 31. 1971 Grwth 9 9610 89 Asso Fd 1 09 1 09 7 89 8 62 127 127 Invest Inc 6.99 6 99 Oceon Inv 903 987 Vtsfo F 9 55 10 44 9 93 10.65 STEIN ROC FOS Vovog 19 95 19 95 Revere F 5 55 07 Balanc 1? 87 Rmfrt 9 40 9 40 Copitl afec 6q 7 80 8 5$ Stock 141314)3 2.11 111 Soelflar SIS GROUP: 5CUPOER FDS Grwth $93 6S0 Intr Inv 13 89 13 89 Incom 102 8 79 Baanc IS 01 15 01 6 21 9 00 Smmit Com 9 44 9 44 6.21 6 81 Technl 2416 2416 Specol Survey F 9 15 10 00 Svncre G S59 6.11 ado Tempi G 7 33 803 (I) j (i Tron Cap 7 78 8.46 Trovl Eq 10 21 11 19 l U Tudor H 10.58 10.56 (I I tzl SICURITY FOS; 3 36 153 Equity 5.94 6.51 Invest Ultra F 6.07 6.65 " slowdown in consumer spending, a substantial fall-of- f in two key consumer industries (housing and cars), and therefore probably a recession were indicated by surveys conducted early this year before the fuel crisis became a problem, said the lat- The bank points out that between 1970 and 1985 the petroleum industry needs the astonishing sum of $1.35 trillion dollars to operate at a level necessary to provide the nation with or, it must averadequate energy age annual earnings growth of 13 Grwth Incom HEW ENG LF: Trst Ut . Trst Sh 14 IS IS 46 Eauitv 16918 4? Istel Fnd 21 63 22 30 Grwth 810 72 Ivy Fund 6.93 6 93 Side J P Gwth 9 02 9 60 NEA Mt 662 Neu Cent 4 64 464 Janus Fd 15 47 15 47 Neuwth 8.01 6.01 jHon gth 7 19 7 82 Newton Xl2 53 1170 JHcn Sip 7 60 8.26 22 69 22.69 Nw Pers 14 1115 42 Johnstn KEYSTONE: New Wld 1087 1 88 J24 8 62 8 62 12 27 12 2 7 28 Cust Bl 18 6319 49 NtcMas F MHKri 8.4 $Pl Shrs F Spccli It) It) Cost B2 19 32 21 18 Nest Ivtr U7914.7 8 78 8 40 H2!,ne Foursa F 66 66, Cust B4 7 81 L55 Omega JJJJU2 F H.96 1100 FRANKLIN Cust K1 6 88 7 54 O Neil fd 1251 1251 GROUP: Cust K2 5 59 6.13 One Will 16.1016.10 shAREHLD GRF 7 62 DNTC 6.9$ x Corns Gwth $r 663 727 (z) Entrpr Fr I ncm TtI 195 Flct Fd z) 81 10 75 US Gv $ 9 Ho-(z) 415 455 Ulthtle Legal L (zl Res Cap 4 98 5 46 Pace Fd U Rs Eoty 3 93 431 Fkl LfEq 10 04 10 97 Knkr Gth SHEARSON FDS: Mt 1 30 8.30 so o.v Fd Lndmrk am m a dp 1619 19 88 FUNOS INCP LO Edie 13 67 14 63 pnft 5J! 70 a 70 Incom U 87 18 44 GROUP: Lenx Fd 4 82 482 9 10 9 95 Invest Sr7& C5p? 0.77 9 58 LEX GROUP: Comm Sh Dean 8 35 8 35 7 92 8.66 Cp Ledr 14 651605 Impac 3 03 3 32 raDtai Side Fd 657 7.20 5 46 597 Indus IT 10 56 II 54 Grwth 8 49 9 28 7 77 8 49 Resrch Pilot Pilgrm 5 84 631 Life Inlv Gotewy s Pln P 31 21 Line Cop 637 696 Pm Trtf -- iW 06 t Gen Sec 5 81 581 LOOMIS Trst PIONEER FD: GthFAm 4 0S 443 SAYLES: 11 18 12 69 69 12 Grth Ind 1611 Cop Dv pion En 6 36 695 Ventur 21 99 21 99 1420 14 20 Pion Fd 11 47 12 54 Smith B Guard Mutuol HAMILTON GRP: LORD ABB: Pionr II 9 09 9 93 SB ILGr 10 0910.09 3 65 4 21 6 45 691 Piannd Affitot 9 08 9 92 So GenF 11 06 11 S8 Fjnd Grwth $62 636 Am Bus 283 307 PLI GRO 11 Q3 12.05 Swst Inv 669 723 Sw Inv G S 47 591 10 60 64 08 30 6 6 9 incom Bnd deb 10 53 11 S3 Sovr in 9 88 10 69 PRICE ROWE: 9 34 9 34 Luthern Hartwet 3 65 400 11 9111 91 Spedra Hart Lv 1 24 6 24 Luthn In x9 16 10 01 Grwth 7 09 7 75 MASS CO: Nw Era II 79 11 79 S&P InC 596 596 Hedbeg 7 93 8.69 Nw Hot 8 02 8.02 5 99 Freem Hedge 1 7 08 7 t 9 Indp F 7 95 8.71 Pro Fd STAT6 BND GRP: Hentge 17 44 18 65 Mass F 11 02 12 04 Providt 3.56 3 89 Com Fd Horace (zl Provd Gt Impri Cp 8 48 9 27 MASS FNCL: 11 49 7 74 74 MIT Gr xIO 9.2710.13 685 Prud SIP Imp 4.51 5.93 Progrs 11 66 12 74 IrwfdAm 121813 31 MIG St Fr Gr fz) (M Xl2 53 13 69 Ind FAm 3 19 3 49 MID Inc (1) (11 13 61 913 12.45 8.49 MFD tntegon State Str 13 U 14.40 FUNDS: Iti invest 1434 1572 MCD 40 53 4090 102 11 25 Invern G 7 98 7 98 Mates lv 161 161 Cover 8 11 99 1110 Mother 32 32 fo1" STEAOMAN inv CO A FDS: 14 10 Ii50 Am Ind 903 2.83 Inv Guid 664 664 Mid Am 4.37 i!7 Oeo institutes survey The research 'center, basing its conclusions on the interviews completed Nov. 20, said the consumer sentiment index was 75.7 in November against a basis of 100 points as of February 1966. The index record low was 75.4 in the 1970 reces- facturing. As John G. Winger of the Energy Economics Division of Chase Manhattan Bank points out, For the last decade and a half, the fat income of tne petroleum industry has been too snail relative to its capital needs. MUTUAL FUNDS tn 12 12 15 87 10 16 3 0 23 17 FIRST INVESTORS: r Disc Fd Grih Fd Incom Stock 1st Mutt! Flm Bcr FORUM GROUP: too Fnd 9 98 9 98 101 Fnd 8 13 8 13 65 765 Cotum 25 Fund 610 6.10 404 441 Fdn Gr FOUNDERS GROUP, Grwth It) It) Incom It) (t) f During 1973, industry profits have risen dramatically earnings for the third quarter were up 79 percent and for the year to date 59 percent. Still, 3 study by the Federal Trade Commission shows that in the second quarter, of 1973, the cil companies made 10.7 percent on equity, as opposed to 14 percent for all manu- percent. Mon Mvlter Aetna M ANN ARBOR, Mich. (UPI) Consumer attitudes toward business, the economy and the government suggest that the onset of a general recession in the United States is Imminent, the University of Michigans Institute for Social Research said Monday. S.L. firm buys Fresno W1D., JAN.2N0, 1 974 j FOR 4 : h& '- - PEOPLES UP THRIFT WATCH FOR OUR B B B B AFTER-INVENTOR- 8 6 Savings and Loans Where Thousands Save and Borrow with Confidence SALE Y iS B FIRST IN UTAH 4it WITH SPECIALS WORTH SHOUTING ABOUT! FOR FIFTY YEARS '4 Downtown at 157 South State, Salt Lake City, 3C3-88Sugarhous'i at 2129 South 7th East, Salt Lake City, "The Family Center" at 72Q0 South 9th East, Midvale, 1 2144 Washington Boulevard, Ogden, 3860 Washington Boulevard, So. Ogden, 399-330 950 North University Avenue, Provo, a 486-107- H a 7 561-22- 399-989- B S 375-230- B B S i furniture company B a i 1 CSO EAST 21ST SOUTH - g j SUGAR HOUSE FRIDAY IS GRANITE'S . 1134 NORTH STH WIST PROVO HUE Til ONLY 9 &osisBi3sems.BOBdhBr)9uaDxeoetassMBosGiaiEi i. tjA.,' A. Jt Am. 4. V, j. . |