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Show Y W e 9 V 9 f V ' "y v 9 vt t t vae-?-t wrorTo vrrw ? 1 LDS Official Named to y wm$ 4-44- 16 INLAND WWW, Stocks Stave Off Holiday Selling O New York Time 468 South Main r DA 18-St- ocks staved off preholiday selling Wednesday and closed with another solid gain on the New York Stock Exchange. NATIONAL LEASING AUTO, TRUCK. Service NEW YORK. April BEfJfJETTS IQUIPMINT, AU TTMS V i ilmnr Markets Mines Dow Jones Averages 1 1 im-- Chemicals, aircraft, rubbers and electronics showed rather general strength. IN THE fiscal term, the company had a gain on sale of its Main Street store to Zlons Securities Corp. and a gain on sale of an industrial center purchase option of $3,315,943, adjusted for applicable taxes. Net sales and other income, not including the extraordinary items, was $17,343,851 versus $16,911,802 in the previous year. 1961 COST OF SALES and other expenses last year was $16,283, 138, against $15,946,328 the year earlier. Mr. Bennett told shareholders in the annual report that sales of three and per cent was experienced by ZCMI in the term Just ended. Income The merchandising from the department store operations was higher, as was investment income. five-tenth- s THIS WAS offset by opera tions of the smaller school and office supply division, which showed a loss. During 1961 the firm decided to terminate the operations of the school supply and office division because manu facturers formerly represented by this group had started selling direct to customers. THIS LIQUIDATION is 75 per cent complete. Factors affecting company income in 1961 were an exceptionally large Utah corpora tion franchise tax resulting from the large capital gains reported for year 1960; changes resulting from establishment of a retirement program, into which $200,000 was paid, and expenses attendant on opening of the Cottonwood Mail subur ban shopping center. Turnover on the New York Stock Exchange was 3,350,000 shares against 2,940,000 Tuesday. Of the 1,289 issues traded, 766 rose, 296 fell and 227 closed MR. BENNETT termed this unchanged. There were 29 new the most exciting event in 1962 highs, including 11 pre- the firms recent history, addferred stocks, and 45 new lows. ing that sales so far have ex ft 'Egg Market large i, 2 A large 32W33W, j, AA medium A AA small A consumers AA large 4755, AA medium A meAA small A small Poultry Fryers (et ranch) 15 roasters light type hens wtd avg 5 74 hens cross 6W-77 07 turkeys young hens hens young toms Butter Prices at retailers. 7 425 25 IB SOB .. ; President Ray Twelves of area credit Ray Twelves, credit manager of Arnold Machinery Co., Wednesday was elected president of Inter Mountain Association of Credit Men. HE SUCCEEDS Fred B. Evans, treasurer of Archer Tractor and Machinery Co. New Ifirst vice president is W. Stanford Durrant, vice president, Zions First National Bank, and second vice president is Herbert J. Gustafson assistant vice president of Continental Bank & Trust Co. WALLACE F. ANDERSON, credit manager of Wasatch Plumbing Supply Co. was named third vice president Treasurer is Wayne L. Ander son, credit manager of Oscar E. Chytrus Co. D. Iv. Porter was renamed secretary-manager- . Ned directors elected were Richard K. Winters, credit manager of Bennetts and Lewis N. Tracy, secretary of Burton-Walker Lumber Co., 00, Grain Futures CHICAGO, April A II (AP- I- 11,754,000 44 57XM9.047 AA 37 $24,011,656 00 00 75 $24731,446 47 $26517,880 A large medium 31 large 4B lbs rindless block 31; S loaf 42; mild longhorn 42 Butter: 93 score 70, 92 score 61 score 67. Cheese: sandwich AIR CONDITION NOW! CLASSIC THE DAY IT WAS BORN 'ARE TIMELESS. GOOD DESIGN LASTS THROUGH THE YEARS. These are the two principles upon which the Lincoln Continental was created. It is the ultimate expression of master creative designers who sought simplicity with drama, style with character. What emerged is America's first classic automobile in a A classic the day it was born. Underneath this enduring beauty, is enduring engineering to match. The Lincoln Continental for 1962 is put through 189 separate and rigorous tests on the engine test blocks, and on a special test driving course. Skilled specialists probe deep to make sure that every mechanical component quartef-of-a-centur- ; ' ' 4 AmAirl AmBosch AmBrtfPar AmCwt AmCvM AmDrst AmFP AmHomg AmMFdy AmMttCI AmMofors 'y beauty and its value through the years ahead. America's finest automobile, and as such it is warranted for twice as long as any other American car (24,000 miles or 2 full years). 6 easy-to-insta- ' 7 See and drive the LINCOLN CONTINENTAL: The First American Classic in Twenty-FivT-- - e Years. JOHNSON MOTOR CO. 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OhloOil OlinMam OtisEI OutbdM Owen II IG 111 4M- I44 711414 I Bat. $tlf-stori- ng Free Information -- Call Today! PAY NOTHING TILL FAIL TODAY 1 or fill in balow and mail this ad NAT'l BUILDERS ASSn! 13S South 2nd East Solt Laka City, Utah Noma . ' Address City State 1 (CUT) o- M 3S4.$4$.MCL PATIO ROOAl Phone 4 aI Va jEa. 26at SunOH MGM iMIdSoUt EM3-390- a 20HI4 7a 11 14 13 56'a 17 507$ 12 36W NatDairy 14 I3taif Va NatOisf 42 27Ht 7a NatGypsm 45 57HP- 7a Nattead 42 2B 4 7a Natsteel 1 1074 4 va NewmtM SB 237 NewpNSh 4 jv, - va NYAIrB 151 31 NYCent Ms 2 NYCBSL 4 24fcl4 V4 4H1IW NYShipb 4 384 4 NlagMoh 74 aivalNorf&w 54 Va NoAmAy CALL $ 20 3ml- - (CU pre-summ- er a W i4 te Campftft rtsirftnfiaf tfr conrfiffoitmg k 26k Marouardl la. - 157t- S5a f4 Va 24W MoKanTex Monsanto MontPw Va MontWard va Motorola MtFuel 1 iva Murray NAFI NatAvia NatBisct NatChR NatCLs Dresser Dupian DuPont DuoLf EagleP EastAkL Eastman EetonM Edison Br ElAutoL EISargB 4 534 h 13 ElginNWat EIPaNG 23a EmrsnEI 38a EmrsnRd ErieLack 37414 EvansP I2l4r4 ExCeltO .4147m 11 FairbWhy 7H Tot.l Nw Yort atodi 7 Va 37 Ta-t- Mission W 5 7$ lavah 'MissRFI smk 19 1 247ai4 43V SB va a as Va 227at4 IiMmPL ' v a SlVah 6 K (Marsh Fid iMartlnMar 'MayDS Me Donned McGrwEd McGrwHI u McIntyre v McKesa Mead Va Merck 71 (4 7e H b H MnnHw mmm WJ 7a 1 llaf4 k i 7a Va Va 1b 51 33 4 ItVal 3$ 39Vat4 13 14 2274(4 StdBrand StdKoitsnt StdOCal Taj StdOInd StdONJ va stdoon H StdPack Va Stautter Va StariDg Stoneweb StudePacfc 14 4 r 35 35H44 la 40Sh Seegel t 7a 77 W B7Vsk SoRv Korvettt -- 44 ami- - SoerryR 12 7 35 3BHI6 ton Crucible CudahyPk CurtissW 90 CutlerHm DanaCp DeccaR Deere DellHud DenvRG DetEdis DiaAik DiaNat Disney DomeM DougiasA 36 3BH IntTAT IstCrCoel JohnsMan JohnsAJ 14WH 41! 23Vaf4 4Si 47 BUfT9hS IntHanr IntNkkel 7k 561 34ak ReyMef RcyTob RichMarf RichPd RorelDuf RoyiMcB Safeway StjoLead a StSLFre !3Ht- StRegis 45H- SanOiege SanOimper Schenley ScherMg 7a f ScrewlBolt SaabFIn a a SearaRb Servel ShamO SharonS Sha ttuck -- 1 - fntsilver - 146 364 RexaM IntPack k km 36ak iBj 34 lol va va 4m Revlon m 1 BHI&H v 54 W - 1 IV 54HI4 12W4 Vn 94vak v If'at- - Ve 444ak 22H 15 60f BtotFd Beckman 7e BSW14 .GenTetE GenTAR Genesee 25 45 25 Vs v 4lVa ... W. H. BINTZ CO. 433 V Ve 47Vat4 56 517a SBet33W round family fun cantor . . . tha wall tlidas open into a cool, scraanad pat o by fmgar-touc- h control in on minute Now with Typhoon's money-savinoffer, there's no reason to get caught with your profits down during these hot days ahead! Let Typhoon air condisales and production, pick-u- p tioning units perk-u- p wilted employees. And you can trust Typhoon to keep your merchandise as salable as the day you bought it. And cyjr new tax deductible lease plan enables you to air condition without tieing up capital! Or, choose from one of our many finance plpns. Call today for full details and a free estimate. . j ll, 7a 1t 14sk Sofood, 35Va-l16 V4 10 36a Yor and Factories g, It is Ttte m 7a H Gcninstr ib AmRtsMrch 34HH 444t4 7a 32 H DenMills THfi Vs SenMotors Vs Gen Preen 7a GenPbO ... AmOptfcal AmPhofo AmPtsh 4fvat4 44) OenBk la GenDynem El 47Vf 44W AmNGs 241 W 157afe 25 32 2mk 24 76f6 la ia j 2C 35Hh IM For Stores, result is a true luxury car built to retain its I Flint le FlaPwC 2( imff 16 FoodFai r ITHh H FMCcp Ford 25HH 6m hU la ForemstO 2 FreeptS r AIR Offices k Filtrof-- k 57H 2m J Z Firestone FlrstChFd 47 CONDITIONING of every Lincoln Continental performs Its function properly for today and for tomorrow. 1 The . ; WQsiOoeetChBM 44) 34 H 24) 577414 W 35 14 tstok 14 Utah V DowCh Qum$ieni(Miki GOOD TASTE AND ELEGANCE 4 Con Con Bank Clearings $25,504361 AltoLSt Coiof-l- r 1761 Sake In MtatCtamOw. FerroCp 7M lt CBS CotGas ComCrdlt ComSolv CorrtwEd ConEdis ConsNatO ConsuPw Container ContBak ContC an Conti ns ContMof for six Wednesday's Quotations Tuesday's bank' debits Same day last yaar Wednesday's clearings Same day last yaar 20 Carrier Earnings net Income share sales M 4) ALCOA Credit Group Elects in S.L. $! I 77f- - M FchtdStra f 7TH . H Famnyfn AbbottL ACFInd Admiral Airftctfue AfcoProd AhjmLW U3 0N. 1762 114.447 000 1 91 724.132,92 M.71 Arrwrtf 54 Inn 7714 8.11 A AMisChgl association. I North American Aviation, months ended March 31 APfl II (AP- T- Industrie Railroad gtilltiM Stocks AHttdCh AMtedStr 159 0B fops I Gan Tl GanCMctric Stand OH NJ Wednesdays Quotations NEW YORK, April II (AP) Wool futur wr hlghar Wadmsday an commission hous short covering and Hslr buying Wool lops futures war mixtd Wool futures closed 2 to .7 of a cent higher. May 175 0; July 723 5; Oct 177 4B; Dec. 177 0; March t 22B; May 120 IB; July 1W 48. Certificated wool spot 175 I Wool top futures closed .2 at a cent lower to 3 of a cent higher May 102 5B. July 141 5B; Oct. 10 3B; Dec spot wool MusirlM $ 22.0S w 71 !l J BdhSM SaMt in WhtCIOMlCh. Wool Market Certificated n MM 4 Standard & Poor's Closing 500 Stock Index wfd avp yearling Grade hieMtMi Mohasce Ind Tex ace 4IEW YORK A 67W-7- 3 0 a Bwfcocfc ANGELES April II JUPGFSMNS) Epos: Prices to retailers FOB distribu tor plants (delivered IV cents higher) AA A axtra large extra larga 41W-427W-28- 334.14 H 7M M Tnd r H Public UHtt. US Steel Brunswick Txl Oil Roypl Dutch if NEW YORK April II (AP) earhf point cut. Stocks High Bonds Mixed; government advenes and Cotton Irregular; liquidation commission house dtmend. Chics pot Whost Higher; short covering. v Corn Higher; late demand. Oats Higher; following corn. increased Soybeans Mostly higher; demand. Hogs Higher; top 17 50. Cattle Mixed; top 31.75. AA 170 - 4f Ten Leading Stocks El Markets In Brief lerge medium small A large dium W 14.11 17. 13 no 07 134.03 139 M XMJ1 Utils. IN REFERENCE to the ex pansion of the downtown store, Mr. Bennett said that Lorenzo (Bing) Young had been engaged as architect for the new store as a result of an agreement with Zions Securities, lessor. First phase construction on the south end of the properties should start in 1963, he said in response to shareholder questions. IT IS contemplated that con struction will include doubling of the parking terrace in ex pensions east to State Street and that there would be two floors of parking over the store, he told a shareholder. The parking features would not be started until first phase of construction is completed. All officers and directors were reelected. B 0 1H4 15.10 141 Dow Jones Servlet ceeded LOS 77 IO J NM Hu" Nf L imaa m .M xoi HIM to, CIO 94M MS Ml ,1 MJt M 4S M Com. Daciinaa . OttcMnw 91 tuooo, pm. IS TradaC M. Sacs MMK J N vts8 tan 1. IMM ,m. Rain expectations' and Institution (ZCMI) they continue at present rates Wednesday reported ordinary should assure a profitable opnet income of $519,085 for the era tion. fiscal year ended Jam 31, 1962. Establishment of Car Care Centers" at both the CottonHAROLD H. BENNETT, wood and downtown store was told the annual noted. president, stockholders meeting this compares with ordinary income of $493,081 in the period ended Jan. 31, 1961. Net income including extraordinary items for the 1962 fiscal term was $471,940, and net on a like basis for the previous year was $3,613,301. Y Vo) Total OAKLAND. CALIF (AP) Kaiser Aluminum Chemical Cer. reported earnings of $7,405,000 for the first auerter, equal to 41 cents a common share Comparative 19,1 figures were 13,534,000 end 14 cents. A 1 k, RaH Mu )(1M I. .! m t$ ii.oo MM In Fiscal Earning Mercan-til- e Quotation Wednesday Finance ZCMI Reports Gain Bank Body for large or small jobs One Hour to 5 Years New York Stock Exchange New York Times VoL Zions '" f ""Y vm yr 1 ). A TRUCK t Today in Business HE SAID THAT by so doing, the S.P. "turned away 935 a prospective . passengers month. S.P. Is now seeking to discontinue service entirely. RENT ""T 'T" r Hourly hearing Wednesday the Southern Pacific Railroad Co. cut the Overland Ltd. service between Ogden and San Francisco to three car trains with a hamburger snack bar. Stands Ground Dow Jones r II am. all-tim- 7 y ry i ? "wy y"iO r w i FREDERICK R. KAPPEL said he "wouldnt be surprised if dropping the box lunch wasnt responsible for the decline in interest in the Ogden Gets Bid Opening annual session. 4 WASHINGTON He fold shareholders the Opening firm will spend $2,800,000,000 of bids for construction of proin construction this year an posed new five million dollar e office building for Ogden will record. be held in Ogden, not Denver, Hugh B. Brown . . . LDS leadOkehs Lead-Zin- c Aid at the request of Rep. David er to Beehive bank board. Bid date WASHINGTON Sen. Alan S. King Bible says the Sen- will be sometime this summer. ate has approved the expenditure of 4L4 million dollars for subsidies to small' lead-zin- c with a firms, concurring Gov. RobPOCATELLO House action. ert E. Smylie refused to back Wednesday on a state3 Cars, Snack Bar down ment that Sens. Frank Church M. E. SAN FRANCISCO (DIdaho) and Frank E. Moss Getchell, senior transportation (DUtah) say "may JeoparHugh B. Brown, a member engineer for the California dize the award of a defense of the First Presidency of the Public Utilities Commission contract to Thiokol Chemical Church of Jesus Christ of Latter-daSaints, Wednesday Carp. was elected a member of the THE REPUBLICAN gover- board of the Beehive State nor said Tuesday private Bank. sources said Thiokol would HIS ELECTION at the reg win the 200 million dollar ular monthly meeting of the Titan II booster rocket con- board was announced by bank The Portable, tract. president Carl W. Buehner. Economical fuel for Gov. Smylie reiterated this Mr. Brown is second counseOrchard Heating prediction Wednesday, adding lor in the LDS First Presithat "it seems to me the two dency. Fruit Ripening Roams He is native of Salt Lake senators are attempting to inFrait Caring ject political considerations City and was reared In Canada, Dehydrators into the awarding of a con- where he spent much of his tract which is governed by life. HU law and our national interest HE MARRIED the former THE SENATORS said the Zina Young Card, daughter of GAS COMPANY governors remarks were "im- Charles O. Card, founder of 301 W. 37rt Snth Cardston, Alta., and a grandpetuous and indiscreet. daughter of Brigham Young. Mr. Brown first practiced law in Canada and later in the United States. He served in World War I as a major in the Canadian Army. 7I rr" r Salt al When Free Luneli Goes, So Do the Stockholders NEW YORK American Telephone & Telegraph Co. dropped its traditional free lunch at Its annual stockholders meeting. Only 3,200 pen sons showed up, compared with 20,100 in 1961. y t At UPI Here and There in Business Combined Wire Service ' - |