| Show m THE SALT LAKE TRIBUNE Sunday October 24 1948 10S BUT STILL GOOD Grants Brews SAVINGS 1A Buyers’ Market Returns To S L Index Reveals Business activity in Salt Lake City continued strong during the third quarter of 1948 though more businessmen found during that period that a buyers’ market had fetumed an index of trade and finance compiled by The Salt Lake Tribune showed Saturday There were some deviations from the high level of business which has obtained since the end of World War XL These were not widespread enough to constitute however s trendmore merchants seemed to But be staging sales to move merchandise They had to the break even point is at a high level cur - rently Crimp Viewed exchange generally was slow especially when compared with the second quarter of 1948 when ore strike reports from the Alta mining district gave the exchange a Oil well major boom The Equity completion gave the! local exchange a shot! in the arm which had a temporary effect Passengers carried by Salt Lake City Lines declined a condition officials attributed to the continuing purchase of automobiles by former bus riders Retail meat prices dropped just after the quarter ended a development which could haVe been due either to slackening of consumer demand or to anticipation of the fall hog and cattle runs and probably should be attributed to a combination of those two factors Butter Drops a Butter prices dropped sharply during the quarter This definitely was the result of slackened consumer demand-- j Looking over the quarter and looking ahead to the rest of the year businessmen felt uncertain about the future They felt that uneasiness which comes with War talk knowing that war would upset the whole economic picture only recently becoming stabilized to some extent Then there is the undeniable fact that a buyers’ market has returned in most lines — with the f MONDAY EASEMENT VALUES! t BE SURE TO SEE THE BEAUTIFUL HEW 1000-WAT- 1 steel exception of automobiles past few months and some brands of appliDepartment store officials gen- goods erally believe that whereas dollar ances More Sales will have to volume has been up unit volume be staged inventories watched has been off a bit in numerous and credit extensions guarded lines Slipping Sales There is a hesitancy on the part Real estate men view the posof buyers these days They feel sibility of slipping sales but home prices will come down Industrial firms are having the prices still remain so high the same problems High prices un- average wage earner can purchase doubtedly are impedmg many con- one eonly with the assistance of financing struction projects But those The Christmas sales boom prices may be kept high during should give a little more life jto the immediate future by the fedbusiness generally But after that eral defense program comes the seating of a new conIndustry Gains gress and quite likely the taking Industrial expansion has con- of office by a new president So tinued during the quarter Equity the future is a little more uncerOil Co brought in the state’s first tain But businessmenj who have commercial oil well Ashley Val- kept a firm control on j operations during the boom still may look ley No 1 eight miles east of forward to a good future Vernal and the California Co struck commercial quantities of oil at Widtsoe Trading on the Salt Lake stock long-rang- Wire Mesh Guard Highly Polished Reflector 520 Get set for a treat! The new Weetingbouae Ranges are beauties! They cook on with new the double-quic- k cleanliness and results are New Plant Marks Milestone In Expansion by U S Steel Tribuna Special PITTSBURGH Cal Oct 23 — Official opening of Columbia Steel company’s new $30000000 sheet and tin plate mill here during the past Iweek marks an important milestone in parent United States Steel (corporation’s postwar expansion program The' plant will add more than 300000 net tons annually to the supply of steel products made on the west coast The! program of additions and by United improvements launched States steel after V-- J day involves an expenditure program of more than $130000000 in the west and in excess of $850000000 by U S Third Quarter 1948 Production has been stepped up Shares Traded S L Exchange at the Bristol Silver Mines Co Value property during the past few Market S L Stocks months C M Christensen secre- 1947 1948 2606339 3638483 628054 $ J 74233 Steel throughout the whole country The Geneva Utah plant purchased by U S Steel from the government on June 19 1946 will play an important part in present and future growth of Columbia Steel company's facilities on the west coast Upon completion of the current conversion of the Geneva plant to peacetime output the Pittsburg Cal plant will receive hot rolled coils of steel from Utah for processing into cold rolled sheet and tin plate The Geneva plant was built by U S Steel for the government wtihout fee or charge to produce ship plates and structural shapes during the war It makes steel from Utah ores Addition of this new rolling capacity on the west coast will in fact make a substantial amount of California-mad- e steel formerly utilized in hot rolling operations available for increased production of numerous other products such as nails wire rope barbed wire and other wire mill products for merchant bars reinforcing bars and bar shapes urday north-sout- h on OTHER WESTINGHOUSE I LM R Heavy Chrome Finish 1 Year Guarantee -- RANGES PRICED TO Complete with 3 Roaster Pans and Temperature Control 18-- Qt Capacity 3895 EMERSON CONSOLE TYRE RADIO-PHON- O COMBINATION be Plays 12 Automatic Stop Records 10-In- ch 10995 $22 Down— $9 Per Mo 1 and AM COMBINATION be Automatic Record Stop Highly Polished Mahogany Cabinet 17995 a Marvel to to aee a Great uee a Real Freezer Refrigerator 2 in One Truly the most versatile refrigerator you’ve ever seen The giant Freeze Chest freezes and stores frozen foods the general food compartment has big A Beauty $36 Down— $12 Per Mo ADMIRAL RADIO-PHON- O A Washfast fabrics! $19 43 OF FOOD LBS $7600 DOWN $2300 Per Mo Down— $8 PER MONTH OTHER WESTINGHOUSE REFRIGERATORS the difference between these world famous California Diamond Reproductions and fiej genuine product of the Kinhberley Mines GOLD-FILLE- D PRICE! 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LIFETIME WRITTEN GUARANTEE! 1295 31995 j COMBINATION I 11 TOASTER RADIO-PHON- O Nevada 0 1 p ROASTER OVEN EMERSON FM 7059897 7484315 SLC Lines (a) Shipments now average from 600 to 800 tons per month com- Clearings SLC Banks $744576?41 $60760f683 pared with about 400 tons earlier in the year he said There still is Building a shortage of help Production inSLC Permits (b) $ 3738731t $ 3715231 crease was at least partially at- Electric Customers tributed to the fact that some men 50623 51968 In S L C Sept 30 were taken from dead work and Electricity Used 66438 235 In S L C (KWH) 62004390 placed on the production end of the operation Loans Outstanding Some exploration is being done SLC Banks (c) $ 85000 )00 $ 74000000 on two development heads Demand Deposits Copper lead and a little zinc are SLC Banks (c) $172000 000 $176000000 off 23 $169000000 the chief products of the com(a) Net passengers fares minus transfers (b) including repairs pany’s mines in Lincoln county (c) as of Sept 30 Pop-U- Westinghouse Elec Passengers tary reported Saturday Only $4000 DOWN $1200 PER MONTH fissures Ellsworth show said Dr the surface directly ahead Lead silver and gold will be sought in these fissures which 295 ELECTRIC RANGE pleted The upper tunnel is being utilized as part of the ventilating system while the lower tunnel is being driven ahead Objective is to crosscut HOT PLATE WESTINGHOUSE The company recently purchased a diamond drill which is now in operation at the Ophir district properties Both the upper ahd lower tunnels closed since 1938 have been reopened and rehabilitated A new compressor house bunkhouse and blacksmith shop have been com- at too beginning T SINGLE-BURNE- R re economically priced Mine Company Lists Cost Of Expansion Silver Standard Mining Cd has spent approximately $30000 in development work since acquiring the old Lakes of Killarney mine in the spring of 1946 Dr L N Ellsworth president announced Sat- 550-WAT- improved You can even cook automatically by adding an electric tuner at small additional cost The new W eetinghouae Electric Ranges ground is galvanizing pot into which sheets are fed for the special coating process They then cool on wire mesh conveyor and are washed Control station Is shown for one of the galvanizCoing lines in the new sheet andCaltin Inmill ofback left lumbia Steel Co in Pittsburgh Tribune Quarterly Index Production Hikes At Bristol Mine T BOWL HEATER 1 Reinstatement of a modified federal reregulation “W” by the some serve board may crimp retail sales it appeared though the long-ru- n effect should be beneficial Appliances furniture and automobiles will be the items covered By the new credit regulation Meanwhile department store Bales have been satisfactory but They were nothing sensational Off 2 in Salt Lake City in July and off 2 in August The fact that transactions for the calendar year through Sept 25 still are up over a like 1947 period shows 4 the slump has come during the w 298 Only 1098 ? Use Grant's Credit Coupons Like Cash — ’ 77 if (?Ty!T7Tr 0& 241 SOUTH MAIN 241 SOUTH MAIN J r |
