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Show The Salt Lake Tribune, Thursday, November S, I960 2D Here and There in Business Utah Solon Britains Gold Reserve Shows Increase Dow Jones Service LONDON Britains gold re-- . serves rose by 11 million pounds (Sterling) ($30,800,000) during October to 1,120,000,-000,00pounds. The reserve is now $3,130,000,000, the treasury announced. 0 IN OCTOBER A year ago, Britains ' gold - reserves - declined 93 million pounds, or 26 million dollars. gain Jastmontlufr mained after Britain had repaid international debts totaling 98 million dollars, mostly to the International Monetary Fund in. completion ot repayment of some 561 million dollars borrowed at the time of the 1956 Suez invasion. THE LOAN DID NT have to be repaid until 1961. But Britain accelerated the payments when Its gold reserves showed improvement Meanwhile on the bullion jnarket in London, gold was firm in more active trading with demand at the opening official" prince appreciably larger than on Tuesday. Prices later- - edged up to $36.18 Wednesday, although available offerings were sufficient to satisfy only half the demand and supplies were rationed out to buyers- .- AP Striliesat U.S. Stand , Finance Markets Mines AISO UNDER STUDY is a convertible dollars are now over 2 billion dollar. They reduction in supply purchases were increased during Octo- abroach . ber alone by 25.8 million dolare these two Estimates that Rep. David S. King, (D, lars, the ministry announced. moves alone would Utah) took Issue Wednesday prevent with a U.S. Interior Departof several hundreds Idaho Power Stock spending ment decision making the fedof millions of dollars of U.S. NEW YORK The New York currency abroad. eral government a party to M. D. Lockwood, acting manStock Exchange has approved hearings on mining' claims In member participation in a the Reservation of ager of the Sperry Utah LabNavajo $10,000 GoldTheft San Juan on secondary distribution being oil which County at Salt Lake City, has REDDING, CALIF., Nov. 2 made by Kidder, Peabody & and gas leases have been filed. oratory a vice president of been named Theft worth of $10,000 (JP) Co. and Merrill Lynch, Pieree,-tdthferiOT SperryH3yroseope jot' -- gold "concentratefrom-thFenner1 & Smith ef T of Secy. Fred A. Seaton, Mr. Sperry Rand Corp. 000 shares of Idaho Power Co. Yankee John Mine, four miles was west of reported Redding, King said the "Federal governcommon at fixed price of MR. LOCKWOOD RESIDES to the sheriffs office Wednesment has no business taking $50.38, net. in New York City, but also has the position of fighting Its day. considerable time In Salt own title on the U.S. public spent Ban Families? THE OLD mine is owned by domain. This Is exactly what Lake. City where Sperry pror To help the Esperanza Corp. of Salt WASHINGTON It Is doing by setting itself up duces the Sergeant ground-to-aimissile the ballistics for cure the nations balance of Lake City, in the role of plaintiff In this U.S. Army. Paul Contini, general manpayments deficit and ease its case." - , Mr. Lockwood is a native of gold problems, the administra- ager of the mine, told Sheriffs Rep. King said that In an- Virginia and a graduate in tion is studying a ban against Investigator Dick Hart the nouncing a hearing on the electrical engineering from VirU.S. troops taking families to concentrate, a very high grade Logan E. Davis . , . Heads case the department first said ginia Polytechnic Institute. overseas bases. ore, weighed 500 pounds. precipitator sales for Joy. that the Navajo tribe would the oil HR - JOINED SPERRY" IN and gas applicants the de- 1945, following artillery servfendants. It has now reversed ice in World War n where he Itself for the second time on achieved the rank of lieutenthe Issue, Rep. King said. ant colonel During the war, Mr. Lock-wooHE SAID THE hearing was technical adviser to should be postponed until a HE SAID THE trucking InAmerican Trucking Assn, is the electronics training cennew administration in Washdriving to make members more dustry, with IVt million memter at Massachusetts Institute ington can decide whether the aware of community obliga- bers, was second, only to agriof Technology. federal should, or - He tions, according to Donald L. culture in employment In the Logan Et Davis, graduate-o- f should government Is a member of the Amerbe adnot, the formal OConnor, special assistant for U.S.; that trucks with 16 per the Montana School of Mines, ican Institute of Electrical Enin s. cent of registration experience has been named mining in- versary ATA at Washington, D.C. . and of the Institute of If the oil and gas leases are gineers He said that sometimes this only 11 per cent of traffic acci- dustry sales manager for the Radio Engineers. costs the" truckers thousands dents on highways that the western precipitation division valid, the federal as well as state government would, share of dollars in accident fees. trucking industry pays 35 per 0f j0 yjdamif actumg In oiT and gas production from How? WellTa prime TaclorIn cent o f all highway user taxes. the campaign is to have truck- Mr. OConhor addressed the MR. DAVIS has gained inter- the disputed area of the Heber C. Brimley, Salt Lake Salt Lake Advertising Club at national recognition for his Greater Aneth Field In San City, who started his career ers help stranded motorists. a noon luncheon Wednesday at work in dust and fume control Juan County, Rep. King said. with U.S. Steel Corp. in 1930, AND SOMETIMES, these, Hotel"Utahr also .jajpegetii l!Hiis..Js....whythefederal. fWednesday w; truckers are smacked into by ations for the firm in interna- government - is -- fighting - its honored by the somecars while other helping own interests in putting ittional transactions. on corporation one else. Then they get sued, Fuel Imports Down Before his appointment, he self in the role of contesting of 30 Li- was completion WASHINGTON, D.C. to boot of manager ventilation, the validity of the claims on years service. But, Mr. O'Connor said, de- censed imports of residual dust collection and air condi- which the leases were filed, Mr. Brimley, a on the east and gulf tioning for Joy, which main- he spite these bleak results in a fuels explained senior sales rep- few cases, our members get coasts were reported to have tains a mining and construcin the literally thousands of letters totaled ,23,014,334 barrels dur- tion division office here. tions a year from grateful motorists ing the three months ended THE SALT LAKE western for their assistance. - Sept 30. precipitation office will handle the such areas as Butte, Mont.; Mr. Brimley corporation at Utah; Denver, Colo, and El Salt "Lake City as an order Paso, Tex. clerk in the sales department Mr. Davis appointment was announced by P. W. Zilliacus, Special to The Tribuna TO SELECT YOUR HAMMOND ORGAN HE IS A MEMBER of AmerPROVO D. Spencer Grow, ican general sales manager of the Society for Metals; AmeriFOR CHRISTMAS of Utah precipitation division. president Savings and can Institute of Mining and Loan Assn, Provo, Wednesday Metallurgical Engineers, Amerdown will buy any model with no announced of ican Gas Assn, and the Salt appointment For Sale other payments until 1961. Robert Gammell as vice presi- Lake City Chamber of Comdent of the association. 80 SHARES merce. Call Now EM WESTERN EMPIRE MR. GAMMELL is former 44 SO. INSURANCE CO. assistant GLEN -manager of the Orem Grand County Prospect MAIN STOCK Branch of First Security Bank B. W. Hancock, Los Gatos, II YIARS or HAMMOND LIADIRSHIP-RHONI DA 1 111 of Utah. N.A. Calif, independent has re-- New York Times Dow Jones up Today in Business Sperry Rand Promotes S.L. Leader . mines plant superlntendenf at Ruth. He was succeeded as pit operations superintendent at Ruth by Joseph D. McBeth. ' DALE J. BROWN was ad vanced to shovel general for, man, succeeding "Mr. McBeth. Richard Hughes, Industrial engineer trainee, was named truck and shovel foreman at Ruth. Mike Zigich was appointed mines plant maintenance superintendent and A. G. Moulton succeeds him as shop support general foreman. Mr. Moulton was an electrical fore man. Max M. Blackham was named director of industrial relations while Marvin L. senior Industrial engineer, was appointed wage and salary administrator. John Smith, industrial relations representative, was transferred to industrial engineering department . vwt , emar e American Trucking Drives Joy Appoints To Advance Cooperation Manager of Mining Sales n, d -- Pure Oil Sets Test these-hearing- France Pays Up -F- PARIS France wlH pay 131 million dollars therest of her outstanding debt to the International Monetary Fund within' the next lew days, the inance-Ministry announced. DESPITE THIS payment. French reserves in gold and FIRST Local plastic bag manufacturing company In Salt lake Sheets Rolls FAST SERVICE PHONE, EM or 4-05- Loan Firm Taps Kresentative Orem Banker For Provo Job NOW IS THE TIME POLYETHYLENE CELLOPHANE Bags Honor Service 89 , $2500 BAG 34 Utah r.Fir tH Ukt City BROS. MUSIC CO. 3-- October 20, I960 To: Utah State Road Employee Ip the interest of promoting sound goverrment, the undersigned accepting voluntary contribution for the purpose of purchasing advertising and services to further the political campaign cf George Dewey Clyde for Governor. M. D. Lockwood . . . Sperry Gyroscope Pure Oil Co. Wednesday anpresident nounced It would drill a 10,500-- f vice oat McCracken formation. on the Lisbon Trend, wildcat turned to prospecting for natu- southeast of Lisbon Pool norof area X Bar ral gas in the thern San Juan County. Grand County. LA SAL U.S.A. No. located. PUKES " MR- - HANCOCK v,, located T7 be win his Govt No. 6 wildcat at the North line and 1,890 feet 1,480 feet from the South line from the East line of Section East the and 3285 feet from 29 South and line, Section 30, Township 17 19, Township Range 24 East South and Range 25 East runs apIt will go 4,100 feet to the The Lisbon25 Trend miles southeast proximately Morrison formation. of the Lisbon Pool Into Colo rado. KCC Promotes Special to 'The Tribune Paying Dividend Standard Oil Company of r J. C. MCGILL, NEV. Indiana is paying a dividend Jr, general manager of of Standard Oil Co. of New the Nevada Mines Division of Jersey stock on the basis of 65 Kennecott Copper Corp, has one share of Jersey for Inshares held of Standard of announced the following pro- diana common. This ratio was motions and assignments: in omitted inadvertently Tribune. Wednesdays B. B. SMITH, mines plant maintenance superintendent LAST YEAR at this time, was promoted to reduction Standard of Indiana paid on plant general superintendent share of Jersey stock on a at McGill. basis of 90 shares held of Rush M. Muse was named Standard of Indiana. Kin-nea- CONTRIBUTIONS SOLICITED FROM STATE EMPLOYEES FOR CLYDES CAMPAIGN 1 Governor Clyde has a record of clean honest and efficient administration and is capable of guiding Utah through an Important period of growth and development which we can expect in the next four years. His opponent has mado it clear that if elected the spoils syctem will be operative and State jobs will be filled with friends and supporters. Your support for Governor Clyde is good job insurance. Please place your contribution in this envelope, 6 sal the envelope, and leave it in the basket on the cabinet adjacent to the information desk. Regardless of the amount, we request that you return the envelope sealed co that we will know when our solicitation is completed. The envelopes will he picked up Tuesday A. M. October 24. The amount of the contribution should depend upon The following is a suggested minimum: Monthly income $550. 00 to $650. 00 Monthly income $350.00 to $549.00 Monthly income under $350. 00 Those whose income is over $650.00 ones income to make a much larger contribution in line with contribution of other etate employees with similar incomes. Checks may be made payable to Clyde for Governor Campngh or to David W. Evans Advertisicg Agency or to Cash, whichever you Chairman of the Board of Regents, University of Utah, appointed by Governor Clyde. Lets take a close look at some of the words and phrases in this letter and ask a few questions of the Republican Administration: Paragraph 1. Is this your idea of voluntary contributions? Does it strike you as an implied threat rather than voluntary? THIS WOULDNT HAPPEN WITH WILLIAM A. BILL BARLOCKER! Paragraph 2. Do you think the administrations wasteful spending and a disregard for the growth of the state can be called honest and efficient administration? Does the term good job insurance mean that if you are choose to contribute would lose their jobs? $15. 00 $10.00 $ 5.00 per month will want The following is an exact, unchanged reproduction of a letter that was circulated to State Road Commission Employees." The signature on the letter is that of Royden G. Derrick, choose. Your contribution Is sorely needed at this time and we urge your loyal support. Speaking of the spoils system, with "friends and supporters? those employees who did not doesnt this letter look like the most flagrant attempt to fill jobs THIS WOULDNT HAPPEN WITH WILLIAM A. BILL BARLOCKER! Paragraph 8. Why did this letter ask for all envelopes to be returned? Was it to check employees to see who didnt contribute? Was the administration afraid a copy might get out and be revealed in the press? THIS WOULDNT HAPPEN WITH WILLIAM A. BILL BARLOCKER! 2 Sincere! - - - Post Script. The United States District Court has already upheld a penalty of $42,000 against the state of Utah because of solicitation of funds in the Utah State Road Commission. Will this new solicitation penalize the taxpayer? :: THIS WOULDNT HAPPEN WITH WILLIAM A. BILL BARLOCKER ! . P. S. This procedure is cot in violation of the Hatch Act. The Attorney General hao advised us that it la legal and lawful in every respect. VOTE FOR A RETURN TO SENSIBLE, BUSINESSLIKE GOVERNMENT VOTE JJ William A. "Bill e V A paid political advertisement by Lloyd Born in sham, 295 So. 4th East, Bountiful for Governor -- - |