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Show Outlook The Salt Lake Tribune, Sunday, September 5, Anxieties at Labor Day Continued From Page labor and shape n business, economic circle-- . This was dearly reflected in the performance of the securities markets this week, where some of the bloom has already begun to fade. Both the stock and bond markets settled back into more familial, slower-pace- d patterns after two weeks of hectic activity and sharp price gains. The markets did, however, end the week on a strong note on Friday. This weeks economic statistics from Washington on wholesale prices and unemployment in August gave confirmation that the economic situation was not very healthy before the President outlined his new economic program on Aug. 15. On the basis of data gathered mostly in the early part of last month, wholesale prices for August rose 0.7 percent, or 8.4 percent on an annual basis. And the jobless rate to 6.1 percent from 5.8 percent in July, partly as a result of an increase m the labor force ; and laj ffs at B-- 8 lion in Internationa ball "jeir g ime. scores the team the game goes Y rn h hone Windows in- the rul(S Stay 016 Mr. Livingston same. But when President Nixon Yet, severed convertibility Ofdoilars into gold at $35 an ounce, he threw away the rule book. Prior to Aug. 15, it could be The dollar is ,aid jocularly: without reserve currency g reserves. Outstanding liabilities of the United States to foreigners far U.S. reserves of exceeded about $13 billions, comprising $10 billions in gold, $1 billion gold 'Special in paper Drawing Rights) and $1.5 bil- certain. In June By Clark Lobb Tribune Staff Writer Real estate sales are up and so Is the number of men and women taking broker and H. Paulsen, director, Real Estate Division, Department of Busithere has ness Regulation, been nearly a 100 percent in- crease since last year. He said between 160 and 180 are taking the monthly examinations, compared with an average of about 80 during the same period last year. Increase in Sales that during the first six of 1970 there were sales for $46,794,681. 1,792 During the same period this vear sales jumped to 2,492 for not And July $61,176,765. officially broken down as yet was even better, the board ported months reported. jobs in otht lines of business unquestionably has led to more real es- Upgrade Exams Mr. Paulsen said plans are being laid to upgrade the examination for both brokers and salesmen to make it tougher and to stiffen rules persistent There have been some reports that those sponsoring such classes have been telling applicants, 'take our class and well see you pass the exthe director amination, said. Necessary Qualifications To qualify for the salesman (theres one the first Tuesday of each month at 9 a.'m. at 330 E. 4th South), an applicant currently needs examination SUGAR HOUSE j mini-busine- along 11th East will gain other office building with struction experience in selling. He said the division Is v considering allowing credit for experience In lieu of high schssl credits and giving credit for special class work seri-um.- completed. of Test The test for salesmen is for finer hours; for brokers, four hours.' Hie' bright boys and girls hmsli in about two hours," " Ford Predicts Record Sales a of two-leve- con- at McDermott & J. Bruce is Associates. $500,000. financing Long-ter- is being provided by Tracy-Colli- Bank & Trust Co. Leasing is being handled by Bernard C. Fallentine, presi- dent of Tracy Co. realtors. Entry to the building is through a central foyer. Park Sales Boom on Cam ping Gear VANCOUVER, B.C. (AP) -The environmental movement is making itself felt in government and industrial circles, and according to traders in and backpacking camping equipment, its also having an impact on the cash register. Retailers and manufacturers report huge increases in sales of goose-dow-n sleeping bags, aluminum and nylon hack packs and lightweight tents, especially in the West. I dont know if it was sparked by opportunities for youth-bits turned into opportunities for camping equip- ut sales, W. says Truck Lines Select Sales The Increase Scottish century-ol- d outfitter of hikers, canoeists and mountaineers several Everest expeditions used Blacks gear says Canadian sales have been up percent a year in the lart five years. Brown says lightweight gear is the fastest-growin-g side of the trade and attributes it to the fact that campsites in provincial and national parks are crammed with car campers. Ten years ago sales were mainly in heavy tents and camper trailers. Now the parks are full, and people who like the outdoors are going in for sports like hiking, canoeing and cycling. 20-2- 5 New Chief Jay Williams, an Ohio native and a graduate of Kent State University, has been elected of F-president Truck Line, a Salt Lake company. He has been serving as executive vice president and general manager. He succeeds Merlin Norton, x.ho becomes chairman of the board of diCity-bas- AVI., Co- uncil. Sessions begin at 10:30 n a.m. R. Likely Outcome? Cox, ex- ecutive director, announced. Speakers include John H. Ferry, vice president of the United Bank of Denver, who will speak on Financing Environmental Costs in the Natural Resources Industries. Preston P. Nibley, a Utah native and now vice president of the Alyeska Pipeline Service Co., will give an illustrated talk on "The Trans-Alask- a Pipeline System." And C. Howard Hardesty Jr., senior vice president of Continental Oil Co., will be luncheon speaker. ' What is the likely outcome of NEP ihe Nixon Economic Program? A better line on that should be available in a month or so after domestic economic data for the month of September are available and Congress has Indicated Its Intentions in respect to the Presidents fiscal suggestions. The program seems likely to achieve highly favorable results in bringing inflation under control, expanding business activity, reducing unemployment and strengthening the confidence of the ration and the world in the viability of the American economy unless the adminstration wa ible inflation-contro- l machinto ery replace the wage-pric- e freeze at the end of 90 days. The obvious answer seems to be a Wage-Pric- e Review Board that could establish guidelines for judging what would be acceptable in the way of price and wage increases after the freeze ends. Offers Guidelines Arthur M. Okun, former economic adviser to President Johnson also put foi th his suggestion this week for wage-pric- e guidelines. Essentially, his plan would allow wage Increases of a little above 5 percent and industrial price increases on the average of 1 or 2 percent. The wage figure takes into account the normal annual increase In productivity (about 3 percent) plus half the Increase in consumer prices chief over the last year. While the impact of the new economic policies has been limited so far on the domestic scene, results have already begun to appear in the International area, and they have been highly significant (Copyright) through Wasnington, Oregon and California. None of the retailers or distributors see the current upsurge as a passing fad. Its really a basic change in thinking that will be with us for some time, said C. M. Lundsten, marketing director for Camp Trails, Phoenix, Ariz. back-packin- g Truck Line is an F-- B ir- regular route common ' carsen-inthe western rier states with offices alsj in ? Ci.npton, San Fontana Caf.; Leandro and Clackamas, Ore., and I.indon, Utah. Mr. Norton purchased the company in 1968 and has increased its gross income from less than $1 million to more than $6 million. He Is former executive vice president of Little Audreys Transportation Co. A Utah native, he attended Utah State Univrrsitv. Mr. Williams served as rice niwi(tppf pf operations for a subsidiary of Mhftvpct T'-t- v,',fnrn C" ft OinWF-- in fFS. Ore Shipments 9,908 Bingham 9,152 Ely Need more people? Try an automated offset instead. Th 369 offset duplicator can handle 100 masters all by itself. Vour operator just programs it for the number of copies, then spends h's time doing other Jobs. Let us show you how much more productive your shop can be with an automated olfsaL car. cart. SJ UKI 48011 Fallick & Company is pleased to announce the opening of its fourth office... the new office will be M. L. M. L. FALLICK & COMPANY OF NEVADA , INC. Phone (702) 385-114- 6 SEPTEMBER 1971 M. L. FALLICK & COMPANY, INC. 169 WIST VIC NO. TIMPII Utah THI COMPLETE Suite 1016 Newhouse Building Salt Lake City, Utah 84111 0 PHONE (801) MUTUAL FUNDS - BONDS STOCKS 521-758- SOURCI in CvplKltii CALIOOATION 7 No Minimum Deposit No Time Limit 200 Las Vegas Blvd., Las Vegas, Nevada 89101 INC. LABORATORIES, a INOTSSUSSINT SSAIHTtHANCt KfNSINGTON Petroleum percent. It is also widely felt, ar economists such as James J. O'Leary of the United States Trust Co. have long been advocating, that the nation must have ready some flex- rectors. ' U Trail attracts several thousand hikers each summer, and the Cape Scott Wilderness on Vancouver Island is gaining international fame. The Pacific Crest Trail, 2,000 miles of paths along mountain ridges, starts in Manning Park 150 miles east of Vancouver, and runs south Three hundred fifty petroleum executives will gather Friday at Hotel Utah for the annual meeting of the Utah recent goods. Its been discussed in the sporting goods industry for some years. The major areas, such as the Sierra Mountains in California and in the eastern Appalachia rtson S&dt United States, have the heaviest concentration of sales, industry spokesmen said. The Rocky Mountain national parks in Canada offer hundreds of miles of mountain West Coast trails. The steel mills. One bright aspect, however, has been the continued gain in retail business, with the latest weeks store figures up 6 percent from a year ago and auto sales alsc up in the last third of August. But there was certainly no resounding boom under way in either case. Must Watch Deficit In the view of many economic ' observers. Congress must resist any actions that would enlarge the federal deficit beyond its already huge dimensions and the Federal Reserve must persist in efforts to lower tire rate of monetary expansion from its excessively high in the area of 10 advance rt W provide molntenonce and calibration (with traceability to tho Notional Ruraau of Stonde Ut) tor tho following categoric of olactrank Inttrvmontation. Industrial (OrcilloKopo, Multi mo ton, VTVM'i ott.) Modical (Cardiology, and Surgical oloctronici) Chemical (Recording Titroton. Chromatography, f h Melon, etc ) Cloied Circuit TV System Mechanical Meoiuring Devices n R. Brown, manager of Canadian headquarters in Ottawa of Blacks of Greenock. ( vers In executing Gw tough program or the government resorts to inflationary fiscal and monetary actions. Lightweight Equipment Jones Tent and Awning Ltd., in the wholesale canvas business in Vancouver since 1885, says sales of a recently introduced line of lightweight camping equipment have doubled in the past 24 months. Stan Bennett, owner of Arl-beSki Hut and Sporting Goods Co. here, says the industry saw the boom coming four or five ears ago and put money into lightweight Mr. Norton Mr. Williams ment Service or Calibration Problem? - lounge-meetin- l, East. 1760 S. 11th Designer ing space will accommodate include a 55 g room on lunch the lower level for tenant use. The design accommodates flexible partitioning for units of 1,0C0 square feet upward. Yearly lease rates are $5.73 a square foot for the ground level and $4.75 for the upper level. Thee include all services. to bid on connow out. The building will represent investment an of about Invitations Ittstrumnt Ford dealers will sell about 2,035.000 cars in 1972 a ree-0r'-l. O. F. Yando, western fcgional sales manager for die Flrd Division of Ford Marketing Corp., predicted. He also predicted a record Mr ie truck sales, He i iii Sait Lake City for preview of the 1972 Ford models at the Salt P'davel More than 500 dealers, sales Managers and salesmen attended th preview. ! an- office plaza. is Owner and developer Chris Demiris, Salt Lake City advertising executive. The building will be located Thus does an era end. The United States powered postwar prosperity in two ways: industrial By rebuilding the and social structures oi nations and by openits markets to wide ing of imports. As U.S. purchases degoods, increased, world mand flourrished. In Its Immediate effect, he Nixon policy Is nationalistic and defensive. The U.S market is now less inviting to fortrade eigners. could stagnate or even contract temporarily. The President has changed his game plan and introduced a game without an umpire, in which each participant is free to make his own rules. World trade is in the hands of improvisers. Will they coimprovise operate war-ravag- older) qualuication, Mr. Paulsen said. A broker applicant must la iso have three years Sugar' pay- markets. only high school diploma and the necessary age (18 or Paulsen said. balance-of- - Sessions Call New Offices to Rise in Sugar House Petroleum Aides to S.L. cars. Facilities district struction are Houses ments deficit. Toward this end, the President has: 1. Imposed a 10 pet. tariff surcharge, designed to slow the rate of growth of imports. 2. the dollar's Severed direct link to gold. This has of in revaluation resulted currencies of other countries. It should tend to stimulate U.S. exports and slow down U.S. imports; of growth prices of goods coming into the1 U.S. will go up, prices of U.S. exports should drop. y a Introduced 3. freeze, so that wage-pric- e U.S. prices wll not rise. Thus, U.S. goods will become more competitive, not only in the U.S market, but also in world and regulations for applicants. He said he will meet Sept. 14, for example, with those teaching real estate classes in various schools and real estate firms to discover v.hat promises, if any, are being made. Mr. I The President long-ru- n is to reinstate the dollar as a currency as good ov better than gold. This calls for ending, believably, Americas tate license applications. square feet of space. Architect is Bruce J. McDermott. The contractor will be announced later. Plaza Two-Lev- el In Tokyo, when Central banks, which hold dollars, are not bereft of reserves. True, the dollar no longer has a fixed value. Bpt Its still an active asset. In this one respect, its preferable to gold, which is inert. Dollars can be invested in U.S. Treasury obligations or deposited In U.S. banks to earn interest. And the Wall Street market is broad enough to permit quick sale for cash, dollars. The dollars then can be resold for marks, guilders, yen or some other currency. But at a fluctuating price. Americas Stand One reason, of course, is the Increase in sales. The Salt Lake Board of Realtors re- length This half million dollar office will be built at 1760 South 1100 East. Two levels offer 27,000 At that time, central banks were legally entitled to exchange dollars for gold, even though the U.S. Treasury discouraged such requests. Fiction satisfied the rules of the game. If the Netherlands Bank owed money to the Bundesbank of the Bank of Japan, it could offer dollars. But now Greshams Law is at work. Dollars, as legal tender among central banks, no longer rank with gold or SDRs. Yet dollars are still usable. A holder can sell them In the money markets of the world in London, Amsterdam, or for marks, guilders, Paris pounds or yen. His dollars will go at a discount. But theyre negotiable, salable. Active Asset Real Estate fewer Nixons saw Gov. Tadashi Sasaki, of the Bank of Japan, he praised the dollar as the only currency which carries a government promise of convertibility Into gold. This gives It a unique status. Fiction Preserved )Iore Taking Exams in Also, President announcement on Aug. 15 caused consternation. Coming events cast their shadows before, but people rarely take shadows for substance. Whether the dollar, as an international reserve, will ever be the same, is now un- legally salesman examinations. In fact, said Wendell Barred The U.S. Treasury was like a bank whiun hadnt adequate liquid assets to meet a run. So it decided to put bars on tellers windows. Any economist or statistician, looking at the figures, knew this couldnt go on. ng run in the ninth and t j, e baseball into extra ti i n g s Monetary Fund net credits. But central banks, such as the Bundesbank, Bank of Japan, Bank of France, Bank of Italy, and so on, could put in claims of nearly three times that amount. Pulitzer Prize Writer p's a mistake to describe what's going on in the money r.arkets of the world as a B9 New Economics Intensify Nixons Dollar Defense Imperils Global Trade By J. A. Livingston 1971 J 200 Las Vegas Blvd. Ls Vegas, Nevada 89101 TERLAK |
