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Show ,rr v or itv rr AP ttt "TrTTnrirrrTTTrTTTrrT ITI Dow Jones Xew York Times New York Stock Exchange Salt ak fEfibtntr 3tiint Mines Markets and Down the Street IVimvufcMmrtMk Furnished by J A Moo A Co. Member ot the New York Stock Exchange Volume Indus. It alls 456000 58e68 117 $4 Number securities traded roooo 564 92 117 79 Advenes 1090 000 564 50 117 95 Declines 1 310 000 564 61 11793 Unchanged 1,630 000 New higns New lows 2,0000 544 47 11104 Vetoma High Lew Close 181 000 589 02 $82 83 586 47 unch 40 bonds 16 47 31100 UI 37 117 50 118 04 0 14 HI hioh oradt rails 10 52 23 300 170 9$ 120 09 120 59 8.38 10 2nd grade rails 83 21 242 400 205 97 204 It 205 21 - 0 11 10 public utils. 88 76 futures index l4l 74 0 42 10 industrials 93 32 Ham. Noon i a m. I3 pm. pm. I Total Farms, Mines Basie To Areas Industry Ind Rails Utils Comp Commodity Farming Vital Base of Processing Industry But it also would be false to assume that this industry came into being or could be sustained without the prior and continued existence of a healthy potato farming industry. You can say the same thing for sugar beets, vegetable canning, livestock slaughtering, etc. Dow Jones Service Korvettt McCrory Polaroid General Tel 1 saw ' Vv ... A great E. C. Quinn year ahead for auto sales. steel-makin- g NO ONE WOULD SHIP IN gypsum to make into board. Theyd ship in the board. Granted that the important missile industry of the area is not related intimately to the presence of some raw material in the area, although reasons Hercules Powder Co. established its facility at Bacchus included availability of land and a material going into stages of Mmuteman and Polaris. HOWEVER, IT IS ASSUMED that in tljis particular type of defense industry, other factors such as available land, strategic location, military needs dictated plant placement. Labor productivity is an important element in the location of apparel firms in small towns of southern Utah. Here, factor. Singling Out Industries Distorts Picture Today in Business Gains Buoy Imperial Sales Mode York Time Service 36 11 29 - 16 25 53 - 121 12 107--- 50 20 -- 51-36) 29 43 34 26 22 4 2 15i 14 41 22l 43 12- -- - 2i -- 324l-- 4! 9 0 02 0 06 0 06 100s fCloset Chg Sales to 100s ( 2 Wi 241 311 9 t- - 33 7 ,U 5si Bunkhitl CaiEiPwe CadnHusky ChiatConxMn ClaryCorp CreotePet EdoCorp ElecMissile EquityCp EurekaCp Total American 26k BntPet 97-- 111 21 1lif $ Vt 121 27 1561 37 521 35 191 37 13135! Hi 3! 21 7i I44 51 U f nJt 161 23 19 24 22 21 251, lisi wv,i 3 11 191- - til! H ' ' Lake City Friday to address area dealers and salesmen, also predicted a good sales year for the entire industry. WITHIN 10 days of the new model showings, he said, Chrysler sales were well ahead of the previous period in all models. Eighty per cent of Chryslers November production already has been sold, he added. And dealers are demanding cars for the first time since the war. 1 3i 4 31 4 15 23'- 344k 51 3 6i 12i m 71 4l MmPL Mission MissRFI MoKanTex Monsanto MontDaU MontWard Motorola i 3 38 9 41 131 33 11 4 2 54i 43 4 4 3144 16! 27 281 4 56!- - 28!4 3! 19! 25 20) INatChR 66 76 NatDist 22 18 52 41 151 NYCent NYShlpb NiagMoh I NcrfiW r SALES Clayton Silver 500 at 27c at 2,500 V4 Vk 3! 251 121 72 30 4 If 12 19 88 f 7! 141 171 3W- - 4rr,: i, PacTiT PackBI PanAmSul PanAWA Ij 131 ParkDav 11 4 17l-1- 3! 2141-12' 4 14 B Crain Futures 17 h. CHICAGO, Oct. 12 (AP) Whea- t- 57, Drilling Contractors. esti- mates no more than 46,000 new wells will 1e completed this year, lowest since 1952. Protests SEC Plans WASHINGTON The seIf You Haven't Used curities industry is protesting the Securities and Exchange Commissions proposal for nerve Borrowings from affiliated bank, incurbing fradulent boiler cluding acceptances executed by affiliated room stock selling. bank for account of affiliate and securi-jsold to affiliated bank under repurnone agreement THE GROUP contends added You have not used the Best, chase C her obligations of the affiliate to, or Most Economical Safest, to known be held by affiliated bank restrictions wduld do more none Cleaner. I harm than good. Included In C. PAUL HULTEN Vice President ed Treasurer of Western Bancorpore-tion- , the hefty pileup of complaints 50 Per Gallon $3 do toerrmly swear that the7 above statement is true, to the best of my SEC is receiving are those F", knowledge and belief. EF from the New York Stock Ex C PAUL HULTEN Sworn to and subscribed before me this change and thd Investment 10th day of October, 1962 Mutual Enterprises Bankers Association of HELEN MAXINE BOYCE Notary Public America. ODD Ca Mr commission expires Fab. 7 1966. panes, POWER FOR PEANUTS . GAS ANGELES, Oct 12 (UPI FSMNSI Eggs prices to retailers fob distrlbu tor plants (delivered higher) l'j Acent! AA extra large extra large 43'2 46Y, AA large A large 35' i 363, B large 31 Vj 32' j, AA medium 31' a 35'XJ, A medium 30 , 3ILa. AA small 24' , 28'3, A small 23Va 24 , consumers AA large A large AA medium 49 52, A medium AA small A smaH Poultry Fryers (at ranch) 15 5 19, roast-ar- t 21 25, light type hens 5 wtd avg 5 24, hens cross i wtd avg 6 27, turkeys young hens , 22 22, young toms WilsonCo Woolwth Worthngtn XtroxCp YaieA- IYgsMSt Zenith Ca. Manufacturing 1 19 15 1961 $17,638 402 2 41 (me chin-ery- $5,313 804 06 HU 18 20 Butter 66 Tesla prove that LP Gag delivers more power for lesg en. money on heavy-dutginss. We'U prove it If you 11 us dial at 71, prices to retailers grade A 66 9 a grada AA REPORT OF Rasarva District No. 12 CONDITION OF WALKER BANK & TRUST COMPANY ot the close of business Srptombor 1962, o state bonking Institution organiz'd ond operating under the bonking lows of this Stoto and e mambar of the Foderel koservo System Published in accordance with a coll mada by fho Slate lankina Authorities and by tho federal Reserve Bonk of tht, District. 2, Dairy Market Eggs AA 45 33 55 (prices A Cheese sandwlctv Butter score 68 (area 40 loaf-4- 93 by loose dozen) 43 medium 36 B Grade (area lbs rindless block 31; S tbs mild longhorn 42 score 71 92 score 69 90 ASSETS Coh, balances with other banks ond cash items in process of collection United States Government- - ebbooffene, direct ond guaranteed Obligations of States ond political subdivisions Other bonds, notes, ond debentures (including $215 322 50 securities of federal agencies and corporations not guaranteed by U $ ) Corporate stocks (including $360,000 00 stock of federal Reserve Bank) Loans and discounts (including $226 850 82 overdrafts) Bank premises owned $1,425,775 36 furmtuie and fixtures $382,612 08 Investments and other assets indirectly representing bank premises or other real estate Other assets . - $ 42,038 263 24 36 609 198 36 9,858,911 95 215,322 50 376 200 00 111,382,097 04 1,808,387 44 200 ... TOTAL PROGRESS visionary, ambitious people accepted this challenge and hava mada Intormoantain Gas Company, the nations newest natural gas utility, tho success that it it today. Another significant in tho company's swift, dramatic growth hat now boaa reached. t TOTAL ti Kalph F. Gibson, President LIABILITIES LIABILITIES $189,150,755 77 CAPITAL 4 ACCOUNTS Copitol a) Common stock, total par value Surplus Undivided profits CAPITAL TOTAL LIABILITIES Board of Director! of lntermountatn Gas Company on October 10, 1962, declared a quarterly dividend of 75 cent! per bare on the companys Cumulative Preferred Stock, peyable November-1- , 1962, to shareholdert of record October 19, 1962. . ACCOUNTS AND INTERMOUNTAIN GAS COMPANY BOISE, IDAHO Serving 41 Southern Idaho Communities ACCOUNTS . 4,736,700 00 7,263 300 00 2,145,765 46 $203,296,521.23 MEMORANDA Assets pledged or assigned o secure (tab lities and for other purposes $10,790,040 64s (a) loam as shown above ore after deduction of reserves of 1,504,067 89 (b) Securities os shown above are after deduction of voluotion reserves of 445,973 83 I, Reed E. Holt, President- - of the obove-namebonk do berkby declare that this report of condition is true end correct to the best of my knowledge and belief REcD E. We, the undersigned directors attest the correctness of this report of condition ft has been examined by us ond to the bast of our knowledge ond belief li true and correct. J HAMILTON CALDER and declare that Get Directors . State of Utoh. County of Salt Lake ss Sworn to and subscribed before me this 11th day of October, 1962 MICHAEL J PAPANIKOLA5, Notary Public My Commission expires July 12, 1966 STATE Of UTAH. Office of the Bank Commissioner. I C. 8 Guinn Chief Ex aminer. Banking Deportment, do hereby certify that tho foregoing is a true ond correct copy of the statement of the above nomad company filod m this office on Dctobor 12 1962. C QUINhC Chief Examiner t 41 $ $14,145,765.44 CAPITAL CLARENCE 8AMBE. FRED A. MORETON 3 se 70 8203,296,521 23 Demand deposits of indrviduols partnerships, and corporations $ 16 834,410 23 Time ond savings deposits of individuals, partnerships ond corporations 63 136,787 79 Deposits of United States Government 6 087,235 IB 19 210,922 68 Deposits of States ond political subdivisions Deposits of bonks 7,994,685 76 Other deposits (certified end officers' checks, etc) 1,652,192 90 TOTAL DEPOSITS $184,916 234 54 Total demand deposits . 113,200,155 45 Total time deposits 71,716,079 09 Other Liabilities , 4,234,521 23 TOTAL Tbt 1,008,131 ASSETS REPORT Six yoort ego now company wat coatod . . , whli no im-pin-y, no mongy, no customers, no plant facilities. A group of , 92V, a London. GET BRUTE Egg Market $5,726,000 tl no 102'-- , 85 LOS REPORT OF A HOLDING COMPANY AFFILIATE aral Reserve System, published In ac cordance with fha provisions of tht Federal Rescrvt Act. Report as of September 2$, 1962, of Western Bancor poratton, Wilmington, Delaware, which is affiliated with Walker Bank 4 Trust Company, Salt Laka City, Utah Kind of busmen of fhf affiliate Bank Holding Company Manner In which above-name- d organization is affiliated with member bank, and degree of control Western owns directly 90 5409 of the outstanding capital stock of the above named member bank. Financial relations with bank: Stock of affiliated bank owned by the affiliate (par value) $4,288 650. Loan by the affiliate to affiliated bank none Stock of affiliate registered In name of e'fUiated bank or known to be owned by bank directly or indirectly (par value), ounce. New York; 7 1962 $19,200,000 2 41 Rockwell 00 00 00 00 65 35 54 01 Silver By Associated Press NEW YORK Price of silver, 51 Cattle 5,500, calve, none Slaughter steers and heifers active, steers strong to 50 higher; heifers fully steady; cows steady to strong, bulls Korea, steady, veslers bulk feeders virtually absent; consigned to special auction, couple loads prime 1,250 lb steers 32 2 50, part-loahigh choice and prime 1,125 lb heifers 29 25, utility and commercial cows 14 25 16 50, canners and cutter 12 4 75, few cutters 15 00, utility and commercial bulls 16 00 400 Sheep Moderately active; all classes steady; good end choice native wooled slaughter lambs 17 9 00; tew choice end prime 20 00, cull and utility 11 00, package good 15 lb pelts shorn lambs-- 18 00, cull to teal shorn and wooled slaughter awes 4 00-- 5 75 Muen-ste- grade 8?l,494,340 21,781,546 159 215,962 29,749,952 21,151,212 21,342,164 124,556.468 112,105,213 CHICAGO, Oct 12 (UPD USDA) Hogs a, 500 Moderately active, butchers steady to weak; sows mostly 25 lower; around 80 per cent salable supply went to shippers; U i. No 1 3 230 lb. butchers 4 blocks)-ored- Steady, 93 icorg 57',; 92 score score 5 'd; 19 score 55',, score 89 score 57 Eggs Steady White targe extras mixed large etxres 40'd,- - mediums 41'; 32, standards 38; dirties 32VS; checks 289 Potatoes Total U S shipments 313, arrivals 92; track 127; supplies moderate, demand moderate; market firm. Track sales (100 lb U S unless otherwise stated)1 Minnesota-NortDakota Red River Valley round reds 2 25, Wisconsin round reds 2 00, Russets 2 15 Street sales- - Idaho Russets 4 00, Washington Russets 3 25--3 50 Onion1 Arrivals 3, track 10; supplies light; demand moderate, market steady Track tales1 Idaho yellow large 1 65 etFeet sales1 Colorado yellow large 1 75-90, white medium end large 1 75-85. midwest globe medium 1 50 Fridays Quotations Thursday i bank debits Sam day last year Week s bank debits Same week last year Friday's clearings Same day last year Week's clearings Same week last year Hog, 5 500; Bar rows, gilts and sows steady to 75 lower, 190 380 3 16 mixed lbs sows 00, 2 H lbs 15 5 75, 14 75 , lbs 14 00 Cattle 2 500, calves 25, steers and heifers to strong, cows strong, high steady choice 1 249 lb steers 29 50, average to high choice 1,170 lbs 29 00, high choice 900 950 lbs heifers 27 50, utility and commercial cows 800, few slaughter lambs about steady; small lots choice 88 95 lbs, 19 00 WstnAIrL WstnBanCp WitnPac i7Mi " JJ WstnUn WstnAlrB 71 78 WstaFI 24! 29 WheelStl 6' 57i Whirlpool 14' 29 WhiteMot 10' 9 If WhlteSM J? Bank Gearings 26c, Markets J! jf SS Jt S ! iOlInHMattt OtisEI OutbdM OwenlllG PacGEI PacLt 48 52, stock Index OMAHA UtdAirc UtdAirL UtdBisc UtdFcICp UtdFrult UtdGasCp UtdPkCM UtdShoe US Borax USGypsm 'i'S at Lheslock - f 2,000 26c Crown Point 2,000 at 10c 000 at 4c Empire Mines Eureka Lilly 500 at 6c Eureka Standard 500 at 46c General Cdn 1,000 at 24, 1,000 at 24 Mt 003 at 2 zc. States Dev Moumain View 1,000 at 6C Royston Coal n 1,000 at 4c Swansea Con 500 at 23 United Park City 100 at 1 10 37 43 ?H NoArnAy NoPac North rp NwstAir A 500 V-4- 68 srede and Poor's dosing 474 HI 29 NewpNSh (wheels) Standard (AP) 51l4 25j41 4) 41 28 0. 50 10 29 01 - 40-- Butter- 57V,; 90 90 40 43 52714 43i-Penney GardOen visiting its dealer showrooms. Genfik PennSalt 30l 1fti And everywhere he goes, GenDvnam 37! whether in Chrysler or comstock sales Friday, 2,020,000 shares; 1962 to date, 132,166,000 petition showrooms, he said, Total New people- - are talking buying. Produre Market MR. QUINN will rise early Earnings NEW YORK (AP) Oct IS (U PI) Produce1 Saturday to join Charles and CHICAGO, Live poultry Too few receipts to report tigrsph Corp. reports itAidmtotraphMu. earned $13,150,883, Richard Freed, president and prices equal to $2 8 share, in the year ended Sl"9le daislee 4 31, compared t lonuhorn, July with $12,176,613, or vice president of Freed Motor Chse: processed loaf Cheddars $1 85 a share, in the previous year l'2Ui, block 38'', 391k; brick r Ell Lilly A Co. (pharmaceuticals) Co., for a favorite pursuit for Swiss (0100 lb nine months ended Sept. 30. A duck hunting. grade B 42 48, grade C nery). 38 44; 46 mi S 900,449,174 24,753,641 995 30 $55,599 909 293,833 348 088 17,350,277,465 $ 4 4 107l i 524 b Oct. f$ -- 133 131 MR. QUINN, who occasionally slips behind the wheel of a competitors car (in the line of duty), noted that he often assesses the opposition by FruerTr with compared 4 f4 UnOCal MMM EaonM Treasury I6'c4 12 29- TdieWO McKess Mead Merck Merritt EdisonBr EloinNWaf EiPaNG EmrsnEI EmrsnRd EvansP . ExCellO FairbWhy FchldStret FamilvFn FerrcCp Flreston FlrstChFcl Flmtkte FlaPwL FoodFalr FMCCp Ford ForemostD FreeptS ' Friday1 Quotations TimkRB Tram W A Transam Transitron TnCont TriCont 20thCentF Underwd UnBagC OnCarbide Mclntyrt DuPont DuqLt EagleP EastAIrL Eastman - Poors Closing 500 Stock Index & 12 4 17 31 10 41 30 4' 30 4 Oct 69 33 33 $41100!- Salt Lake Stock Exchange 10! 17i-1- 7 4 TennGs Texaco TcxGlfSI Tex Inst TexUt Textron Thiokol ThompRW MartinMar MayDS McDonnell McGrwEd McGrwHI DowCh YORK, 343 3! StncOcv4s 60qif Industrials 25 Railroads 50 Utilities 500 Stocks Tennp CitieSv ColGas ComCrdit ComSolv ComwEd ConEdis ConsuPW Container ContCan Cortina CorjtMot ContOil CooperT CornPd CorninqG CraneCo CrownZI CurtlssW DanaCp OelAHud DentistSup DiaAlk Disney DomeM DougiasAc 59i 17 110i- - 19 425 9 6 38 5 2441 31 Standard NEW S Aflft Magnavov CBS 4 4 40,- 4437 40 - SunravDX SunshnM MackTrks ColoR-l- r 51 4 SunOil Lorillard Lou&Nash Lukens ClarkEq Colgate CollinsAk CollinsR 4 StdONJ StdPack Stauffer SterlDg StoneWeb StudePack Link Bit Ltontl i V, Litton Lockheed i, Cessna ChadGoth ChmpPap ChesAOh ChMSPAP ChRl&p ChYelCb Chrysler CITF.n 56) - 2! 73 15l 59 NYCtntSs PhilltpsP2 StdOCal "TilvTuI d Erie'? SperryR LlegiMy 301 151 MoP5s do4 Seles in 1.000s Close' Chg. SoRy Kress Kroger' Lear Lehmann LOFGIs LlmMcN - 6 191 81 SmithC Skelly SmithKF Soony Mrt SoPorRS SoCalEd SothnCo KaisCrAI KanCtvSou KelsevH Kenncott KerMcG 19' ,29141, 31i.- 3214- 1- 171 41 Korvettt Krege 10! 29 SeabFin SearRb Servel ShamO ShamO SharonS Shattuck Sr $1I 474)4 10111'- 55 58xl4 511 71 WASHINGTON, Oct 12 (AP) The cash position of thp treasury corresponding data a year ago, Oct t, mi a $170117 009 91 Deposits fiscal year July 1 28 593,245 296 2$ Withdrawals fiscal year 33,756.002 171 31 Total debt (x) 302,313,788 195 25 Gold assets 16 067,178 844 31 (x) Includes $373,176 720 90 debt not subiect to statutory limit. 4 38,- - S! 4 31 15 v.1 V. 7! Jfj' Sheraton Simmns Sinclair Chi&N W4 U.S. - 3134 X .JJewelT JohnsAAan , Johns. J 94' 94 - - Sales In 1,000s Close! Chg i Total New York bond sales Friday, 51,210 000, 1982 to date, 81,140,340,000, Total American bond sales Friday, 1170 000, 1982 to date, 5359.448.000 If 8 41 17 5 15 9 16 - IsICrCoal Chg 264- 24(30- ShellOH Shell Tran H 2i BA04S 15- iRepAvn ,n,Shoe 9 do2s 4 23' 31 48 49 al (ntStlvcr IntTiT H ATT3s 4 - Quotations Friday 4 120 15 63 31 31 9 2P41- - H ReoStl 2 Revert IntRectlf i 246 Revlon Rexail RevMet a- iRevTob 7 RIchMerl 4 Richfld 52! RovalDuf 9 386 RovlMcB 1 11 Safeway 43!- - t, StJoLead StSLF'rV StRes.s , SanDiego SanOImper Schenlav kt ischerin 10' 29 55! 23 OOoT stock sales Frjdv, $600,000 shares; 1962 to data, 242,350. 1A 46 6 Raymond Rayonier ( 5 I AMiedChS'is 67 44 21 24 4 39 LReedRB V, Idosei Chg. ,kl Sales in l.MOsICIosel 17! RCA 4 27 Sales tn 100s AnkenCAF AtiasCW If 20 Polaroid ProcterG PugetSP Pullman PureOil 35!- 39 !OosJ Chg Aeroiet Close! Chg 37' i PRICES WERE slightly lower, trading was slower and a general feeling of dullness prevailed. Volume on the New York Stock Exchange dipped to 2.019,670 shares from 2,460,-00- 0 on Thursday. - 2 3 24 4' 46 14 28 48191- - W.PittsPQi PittsSN 34t- Plopgh GulfOil HercPwd Hershey Hilton , HoffElectr Y? HolIndF ' 1 Homestk HouseF HoweSd HudBavM IdahoPw IdealCm IliCent IngRand InlandSt i4 InspirCop iu Intlake IBM IntMarv IntNickel u IntPack ,A i ' m 100 PetMilk PfUer PheJpsD PhiiaEI PhilMor PhillipsP U PiperAir PltneyB IntPaper ci CampSp CanPac CarpSt CaterpilT Celanest CerroCp Oil-we- c New 166 -- 13i 1841 121 34 01 33 61 9 GtNOre GtNorRy V, Greyhound Cal&H activity NEW YORK, Oct 12' The stock market ended the week Friday the same way it - Vg'GrersnR 7- -- 31 51 GenTAR Sene sco GaPac Gillette GlenAld iGltdden - H Goodrich Goodyear 494 iGraceWR 19l 2- Bendix Benguet Best&Co Bestwall Betht BtgiwSan BlkADk BlissEW BomgA BookMn Borden BorgWrnr BriggsMfg Brunswick BucvErie BuddCo Burllnd Burrghs CaIPckg CallahanM Dow Jonei Service than 30 contractors have aucOil well drill- tioned off more than 100 roHOUSTON continues to tary drilling rigs while others ing shrink, accelerating the attri- have disposed of equipment in tion rate among drilling con- private sales, according to the American Association ,of tractors. Mart Story 24 unch unch In New York Bond. Market Cha Sale, 45 8 70 2 25 51 26 4, 5441-135! 1 2 16 221 tQo-- n loo, 62'-- BellAH Bell Int Contractors Selling Out Yawns Tell H, 19 in V,l Gen El 4i 651-- fj GenFoods 12 iGenlnstr -4 50 y GenMills 2 17 GenMotor 41 Gen Preen 4 37VW GeoPbU Vi'GenRetcrt371 13, Belco-P- Oil Well Drilling Shrinks, ASSOCIATION - 27 22' 1201 Chg . wUrt Ck 4 Ampex Anaconda ArizonaPub ArmcoStl Armour Atchison AtiRef AtlasCp AvcoCp Babcock BaldLHm BaltAO Bathlr BeatFd Beckman Here and There in Business THET 2 Y-- But to hold up missile making and garment production as constituting the bulk of manufacturing effort is to distort greatly the economic facts of life within the region. It is necessary at all times to look at the whole, and interrelated .picture and not just the end product. A FAVORABLE CLIMATE FOR the expansion of the raw materials industries whether they be farming 'or mixing is essential to the progress of any manufacturing, regardless of definition of manufacturing. IN RECENT months, more 77,100 $4 700 38 500 29 900 Tl AmWWk uct. Mr. Quinn, who was in Salt coke and limestone supplies, within economic distances, there would be no Integrated steel production in Utah. And without the in the area, it is safe to say umbrella of basic steel fabricating would be at very low rate. Obviously, there wouldn't be able copper smelting or refining in the state without the Bingham Open Cut Mine. m 100. AbbottL AC Find Admiral AirReduc AtcoProd AileoLSt AlitedCh AllisChal AiumLtd Amerada AmAirl AmBosch AmBrdPar AmC an AmCyan AmDist AmHoma AmMFdv AmMetCt AmMotors AmNGas Am Photo AmPtsh AmResrch AmSeet Amar Smelt AmStd AmTAT AmTob AmViscosa mine-reductio- n It is patent that without area iron ore, 372 505 271 Brunswick General Dynamics Texas Inst General Motors U S Steel Litton Vot. Cteee. Clips. Friday! Quotations Sates Fridays Quotations SIMILARLY IN UTAH, it is fashionable, and doubtlessly correct for economic researchers to point up as manufacturing Chrysler Corp.s executive everything in an integrated plant phase past salesman program has been an the point of milling, or concentration. outstanding success. E. C. Called Chrysler vice president, Smelting, Refining Manufacturing Quinn, said in Friday. value added Thus, computing through manufacturing and in developing manufacturing payrolls and contributions UNDER THE program, of the manufacturing element of the economy, all smelting of concentrates and refining of impure metals is regarded Chrysler recruited executive types to sell its Imperial cars. as manufacturing. Theyre salaried men only THERE IS NO ARGUMENT that in terms of value paid half by the company and added, the price of copper concentrates at Magna is less than half by the dealer. the price of electrolytic copper at the Kennecott refinery at They . were tried out in 17 Garfield. key markets (including Salt Likewise, the processing of crude oil into .refinech petro- Lake City). And Imperial sales leum products and production of butane and propane gases went .well ahead of the preis totally a manufacturing effort. vious year. WHETHER OTHER factors Gypsum, Iron Processing Fit Same Pattern conditioned the sales increases When gypsum is processed into board, thats manufac- is not known, Mr. Quinn said. In any case, Chrysler will exturing. When iron ore, coke and limestone are combined to make pand the program in the comiron, that may be a manufacturing step. Certainly the open ing year. hearth preparation of steel, the output of carbon steels and Initial advertising by Chrystructural shapes, rolling of pipe and the fabrication of sheet sler for executive - salesmen steel is manufacturing. brought an interesting reBUT IT IS EQUALLY ridiculous to assume that there sponse, Mr. Quinn said. Among would be any oil refining in the Intermountain West if there the applicants were lawyers were not crude oil within economic, transportable distances and brokers as well as former from population centers. The development in this case doubt- automobile dealers. IT HAS DONE much to imlessly would have been along the pattern of supply of manufactured products via petroleum products pipelines. prove the image of the prod- Basic Materials Underlie Steel Industry m 11 (AP) trading Bonds Mostly unchanged little trading Cotton Higher; distant strong. CHICAGO Wheel Higher, commercial buying Corn Higher commission house buying Oats Higher; light offerings. Mixed scattered tong Soybeans . selling V Hogs Steady to wek, too $17 IS Slaughter steers Strong to 50 cents 50 $32 tap higher 31 American. Stock Exchange NEW Oct - Stocks YORK, Mixed, slow Ten Leading Stocks By RoberJ W. Berrdck TECHNICALLY, AN ECONOMIST could prove that manufacturing has boomed in Idaho as a result of new facilities for production of frozen potato mixtures, potato chips and dry mashed potato production. This would be true. Markets In Brief Fridays Quotations Finance Tribune Business Editor Greater research is needed by the raw materials industry on contributions to the economy of the Intermountain Area. This is an obvious need, if only to counteract the state- ment often made by some econo . mi mists that manufacturing" has now passed up agriculture and min I ing in Importance-t- o the region. Such comparisons like all comparisons tend to be "odious to those in farming and mining. Theyre particularly so when taken out of context. As one wit remarked: All generalizations are false, including this one. And this idea about manufac-- , Mr. Bemick facturlng passing up something or somone is false. The Idaho potato farmer is a big contributor to the new Idaho processed potato industry. The Salt Lake Tribune, Saturday, October 13, 19G2 Dow Jones Averages Hourly Up ' |
