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Show H xmm Up, Down Street 4 Utah Keeps Its Appeal To Montek Robert By H. Woody Tribune Business Editor 4 v-v--" fZ - ' 0 i I 1. i, 4 $ J S4'v,' AJ -i -'' ,- -- Not even one at Arlington, Tex', was happy when LTV Electrosystems, Ine , announced its machine operations would be moved to Mon- - f tek operations li r"; Salt Lake City. Arlington, midway between Dallas and Ft. Worth, A 4 was a grow ing and bustling city. But Salt Lake j City? , ' , Desert R' t xL SH' 4 ?, 1 gulls? fl gton Mr. Woody "Were had been move IslinMontek that stroi.g urgings -instead of vice versa. ReaWhatever, there were compelling Synergism of merger. kind some sons for was one. That is the complementary maenmes and capacity of Arlingtons The strength , of Monteks electronics. of both each would amplify the strength u lie is one of 72 brought from Texas last summer Roy Douglas. Montek macliine shop foreman, automatic drilling, milling machine. in merger of machine and electronic operations. bv affinity By Thomas E. Mullaney With business and NEW YORK labor both skeptical about the success of the Nixon administrations economic sta- - bilization . pro- s gram, the stock market continued to display a deeply bearish mood last week as it sank to a level within an eyelash of its low - point for the year. After 11 consecutive sessions of generally declinMr. Mullaney ing prices, howev- a mild technical market staged the er, rebound in the week's two closing sesto sions that was not at all convincing Wall Streets pessimists. There was nothing particularly uplifting in the political or economic spheres .to resuscitate the low spirits of investors. The only consoling factor was the absence of heavy selling pressure as stock Institutionprices worked steadily lower. al and public investors were prone to extreme caution while awaiting clarification of the mammoth uncertainties in both the domestic and international economic areas. Pessiniissnf Returns It was clear that the same sumpessimism that existed last mer before President Nixon unveiled Phase 1 of his new economic progiam has returned in full force just befoie the start of Phase 2 The investment community seems to be expressing its fears that that the eco- jiomic problems at home and abroad will not be resolved in the foreseeable future - through policies being pursued in Washington. Some analysts and economists feel, however, that Wall Street is overdrawing the gloofn, particularly with respect to prospects for the domestic .economy. But the queasiness about inter-- I 'iiational trade and monetary problems I'seems more justified in lew of the ada-- I inant positions being taken by the L'nited $tates and its trading paitners on changes and trade libeiahzation. At home, the major worry is the deep-seate- d -- uir--enc- y f afcf Vton John Boucher, left, is Montek Division head. R. II. Mitchell Sfibtnw Fear of Despite Todays Economic State Sunday Morning, October 31, 1971 there is a Despite Shuffle In view of the extensive skepticism about the efficacy of the program, it was hardly surprising that the stock market sagged as it has the last four weeks. After the puphoric response to the fust pait of the administrations program freez3 instituted the wage-pric- e the stock market plunged Aug. 15 more than 9 percent in terms of the barometric Dow Jones Industrial Stock Av- for Lucky Distributing said the Salt Lake continue to pur-- , will City distributors chase Lucky and Fisher cans and bottles for recycling. A spokesman v Co., 160 S. 10th West, erage. This week's decline amounted to 13.37 points, carrying the Dow down close to tiie j ear's low of 830.57 which was sent at the beginning of 1971. The index row However, the new owner of the firm has not indicated what plans he has for the company and its brewing plants in Vancouver, Wash., and San Francisco or for the company's recyling piogram. 839. All other market averages also declined l.tst week Tne Standard & Poor's Index retreated 1.28 to 91.23; and The New York Stock Exchange Com- posite was off 0.75 to 52.07 Balance Capacity Bramffs profitability for the year to date is the result of our program to balLawrence ance capacity to demand, said in issuing his companys operating results. He noted that his line lowered its costs ov er the last year through an overs and all reduction of available still managed to increase its revenue passenger - miles through new scheduling Although Lawrence is chief executive officer of a comparatively small earner Braniff An ways is No. 8 of the 11 trunklines he has one of the most lucrative employment contracts m the airline industry. It provided him not only with a salary of $225,000 last year, but also prov ides for his continued employ l.ient at a salary of not less than $220,000 until June 30, when he will be 60 years old. seat-mde- Mr. right) Kalmonovitz already owned 1980, ' of $80,000 a year. Without defending his contract m so many words, Lawrence in an interview here scrutinized the list of major airline executives. He pointed out that there were several of his peers within the industry who until 15 months or so ago had never seen traffic and revenues go anywhere but up and had never had to cope with an airlines problems during a recession. He noted he had headed Braniff since 1965 and previously had 10 years experience as vice president and general manager of Continental Airlines, after having been with Pioneer Airlines for nine years. With his experience, he observed: ' Perhaps we read the tea leaves better. While the approaches Braniff has taken and the solutions they represent do not necessarily apply to any other anline, we believe Braniff has shown that it is possible for airlines to become profitable m thee times of duress. In a recent speech to the Aviation Space Writers Assn., he referred to the magic formula Braniff had been trying to follow. He defined it as: Being willing to reduce and control costs when the growth rate is on the downside and building conservatively when the growth rate See Page D-- Column 3 3, LINCOLN, MERCURY, COMET, JEEP OR ANY OTHER MAKE AMERICAN OR IMPORTED - 1. Full Factory 2. 3. 4. 5. 6. Wt provide maintenance and calibration (with traceability to the Bureau of Standards) for the following categories of electronic instrumentation Industrial (Oscilloscopes, Multimeters, VTVM't etc ) Medical (Cardiology, and Surgical electronics) Chemical (Recording Titratort, Chromotography, Ph Meters, etc ) Closed Circuit TV Systems 0 Mechanical Measuring Devices Rocky has 29 used sand and cinder spreaders for sale1 Various manufacturers Several sizes Can be converted mixers, feeders andor fertilizers' Statx AVE , I CALIBRATION MAINTENANCE INSTRUMINT 25 KENSINGTON INC. LABORATORIES, senger jets. Lockheed Contract Since coming Crawler DUAGIINE-CRANE- B E s. AF Transponder The biggest is the A tactical air navigation transponder-beacoproduced for the Air Force. The system gives helicopters aizmuth reading, a distance reading and identification of beacon. Last week the Navy gave Montek ay $700,000 contract for like systems to put aboard destroyers for their helicopter Montek an acronym for Mountain activators and actuators for the Minute-ma- n Intercontinental Ballistic Missile. The fnm has hired up to 400, currently at the 350 level even with the Texas contingent. But it will increase to more than 400 by Jan. 1 and is now scouting for precision machinists and component assemblers. Montekk an acronym for Mountain was founded in 1953 by a Technology group of University of Utah professoral Maintenance Program. 3 Yrs. Warranty Program Get a quote from your Clark dealer or 60,000 Miles. Simplify Tax Records. More Capital For Investment. No Trade-i- n Worries i Complete Service Department For Your Needs. HBMI Reefers If PAH 255A ANGLE DOZER, A C hr. . . . . llyd HD-9- 5" Rot ry DRILL, Schramm C42H 8,900 2,500 3,650 29,850 3,900 33,500 $1 22B 247, Near New, 397 TRENCHER, Cleveland A DRILL, 4 Vi" Bore Drifter and 400 CF.M HD-6A Rotary Compressor mounted on Self-Pro4x4 GRADALl, Carrier, 1965 Fo'C ... . Crawler LOADER, Eimce 123, 2 yd Crawler LOADER, GO 450 00 GRADER CAT 12, 550 00 HD6G, lj-y- IT SERIES, Good Condition 1 Cj rryn pOed r p p ,0 o 'j.5hp h At. J rgs t fe g e a WESTERN 41 North Redwood Road Salt Laie City Utah 84 e 4,0 0 0 a 3,950 9,000 7,300 t a e T ' ) j (801)521-366- Da can 2300 SO MAIN j SAIT LAKE CITY UTAH COMPANY 11 84115 0 Doubles vans We offer the full line of Clark-bui- lt Brown Trailers r 1 ROAD MACHINERY o o roroi) for Complete Information Phono. Stew Owen, 5 Noma Phone 4 466-94- r u 486-208- MACHINERY CO. 'Mi De,fct DPbei CrrTx s " opv c o u 3 d r to t a rn wevidy dr d uU j con SttjrcaS gMs cu goirg in Mil the Imp Our n gh v bk ed va red echn v, r'ae laget fwar tdr fcs m tie ir e'fTiouna r VesJ-- w eve' s cn oo d dp ere o eq( p nor ( o re .af d e do o it f r trne-Sdon Q,,rd I N ght ne pdfs Duul 9,500 ... ii'1 l: Day and Night Service for Your Industrial Engines and Power Units Tractor "As is -' Whefe is" Priced in groups as follows. $300 ) tr f Off Ir 1 !,! V P( f 40-fo- ot vans, reefers, donbles, flaibeds. Lets talk about tha right one for your haul. Were ready to take trades and handle the financing, too. Call 262-266- or n 318 8 wrr ,th South t wav a '3 V esf r, A uP'7 UJ wt tourrrwtMr kimwootm. V 1 has SAIT LAKE CRANE, Lima 832, Exc. Cond , Montek Tuesday, Montek Division will show off its new as well as its old capacities to customers and civic and state d The old include a variety of communications and air navigation aids On the communicatins side, Motj0& man pack ra'tTW produced for the U.S. Army as well as the ariroes--o- f iVi . several other countries. The man pack radio contracts long' t since have been wrapped up. The firm, however, still is producing a variety of air navigation aids. sused equi 50-T- to Utah, nailed a $7 million conti act to make the spoiler activators for the Lockheed 1011 passenger aircraft. - in the 10 years subsequent to he is guaranteed a consultant's fee And 20 percent. Service or Calibration Problems? STOCKMEN MUNICIPALITIES C 2S Instrument ATTN: FARMERS Fee Consultant's Earlier this month Mr. Kalmanovi'z acquired 64 percent stock control horn John Labatt, Ltd , of Canada. k - shakeup nationally in the manage- ment of Lucky Breweriea, Inc., apparently has not affected the companys highly successful can and bottle recycling program in Salt Lake City, Former Lucky President Peter N. T. Widdrington leads the list of those longer are associated with the firm. The new owner is a former minority Los shareowner, Paul Kalmanovitz. Co. of Maier owner Brewing Angeles, ork. (Copy Bianiff Airways, Inc., is one airline executive who believes the solution to his industry's Loubles is largely in ils own hands. While he would hke a modest in crease in airline fares, he thinks the route to profitability lies more m cutting expenses and getting more mileage out of each airplane and each employe than m asking the Civil Aeionautics Board to do something about resolvir , airline financial problems. ' Lawrence reported Braniff m the first nine months of this year had net income of $6.3 lullion, or 33 cents a share, in contrast to a $2.8 million loss in the like petiod of last yeai. ' S.L. Recycling A In the event Braniff is involved in a merger, which he said it currently is not Lawrences remuneration discussing. would be $250 000 a year until June 30. 1975, and $300,000 a year thereafter to June 30, 1980. NEW YORK Harding L. Lawrence, chairman and chief executive officer of Lucky to Retain Failure lecovery stunted. In the current climate, some observers see the need for new initiatives from the White House to rally public and other support for more dedicated business and labor cooperation and sacrifices to make Phase 2 of the new economic program stands at New Yoik Times Sendee Page 2 Section ii gnawing fear that the new economic progiam might turn out to be a colossal iailure with inflation unchecked, unemployment unabated, consumer and business confidence eioded and the economic w These combined factors won theiaae for Utah, says John Boucher, forme and generArlington, now vice president no longer a al manager of Montek division mere operation but a of LTV Electrosystems. In June, some 72 staffers and employes of Montek moved to Salt Lake City. With them came van loads of machines that are now housed in a separate room at the Montek plant at 2268 S. 3270 West. With them came a surprising amount of new business specifically hydraulic automatic controls for a variety of pasn 2. On all sides, consequently, , Braniff Chief Determined to Profit decisions that will emanate from the administration's newly appointed review panels and the impact they will have on corporate profitability. Reports indicate labor will press hard in the pay boards deliberations to have all pending wage increases in existing contracts honored, no matter what these amounts are, and would accept future increases of at least 5 or G percent, with exceptions for smaller companies. The firm stance being taken by labor representatives has raised questions whether labor will continue to participate in the piogram if its demands are not met. On the price side, business feels it will not be permitted to raise prices sufficiently to compensate for increased costs that seem certain to develop during Phase is vice president of the LTV Electrosystems Inc. of Dallas. Case for Utah d wage-pric- e New York Times Writer u H alt Bearish Stock Market Betrays Deep Pessimism Over Phase 2 . Secondly there was the advantaged dual manageifffinL single rather than ; And there was another factor: the pro-workers. Utah of record ductivity The Week in Finance . Sea- 3636 S. 2nd West ' f, A 4BRtA A m A t AA .A JAAA At A. |