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Show V1yy' k r. 1 If S x iiF k V I' 1 if- f V . , ' Mines '-- ly v ?, r r -- .. r j. t - - (y , i - k k. r .. rrrr;; , Nf .I. i -v 3, Ji . v.-"- "G , v if, v - V-o- r r "l Market-Finan- ce Srnidaj Morning, April 2, 1972 Section B Page 5 U. S. Economy v Moves Up At Slow Pace Bv Thomas Dick Fassio shows how droppings from laying hen cages at Ilerriman operation are icmoved through K. Mullanrv Up and Down ike Streel New York Times Writer - t At the end of the YORK first quarter, it appears that the phited States economy is closely fol-- f' "FTSS lowing the track r,'&' t ij projected for it by offi- 'A1' government rials and most pri- years Egg Surplus Depresses Prices if vate it but And Producers Sing the Blues forecasters, is hardly setting the world on fire. Neither has the recent activity o? the stock market. For the last few weeks, ihe market Mr. Mulianey has seemed tired and By Frank Brunsman Tribune estimated that the gross national product increased by about $28 billion to $30 billion in the latest three months, putting in which real two quarters growth ran around a highly satisfactory 6 percent. Had it not been for the drag of sluggish consumer spending in the first two months of the latest quarter and a performance, thp poor foreign-trad- e economys gain would have been even more impressive. Although the economys achievements have been generally satisfactory, they have not been powerful enough to assure the administrations two other basic goals so far: A significant reduction in and a markedly lower unemployment rate of inflation. Because of those factors particularly the rising cost of food, utilities and the mood of the public and services political analysts has not matched the favorable numbers that have been flowing out from Washington lately on the state of the economy. Apparently public sentiment has also take-hom- take-hom- Chester, Dick Fassio, Fassio Egg Farms, Hunter, check flats 1 of eggs before processing. The firm sells a million eggs a week. Auto Market in U.S. Enters New Phase By Jerry M. Flint New York Times Writer DETROIT The billion-dollbattle for the American automobile market has entered a new phase. When it is over, the course of the world's auto industry may be altered. 'Opening the new phase, Detioit and Washington fired their artillery, in the form of new domestic minicars and a devaluation of the American dollar, but the invading imports still came. The foreign cars were hurt, and the )ace of their advance was slowed. However, they are still capturing one out of seven new-ca- r sales in the United States. ar Last year, Americans bought 760,000 Chevrolet Vegas, Ford Pir.tos and American Motors Gremlins, all minicars. About 1.5 million more Americans bought imports. While the pace of import growth from under 700,000 sales and 7 percent of the market in 1966 to 1.5 million and 15 has been slowed, the percent in 1971 import sales totals seem stabilized at last years high Iveel, Volkswagen Hurt Volkswagen, the king of the import- ers, is hurt. The West German manufacturer sold 522,000 cars in the United States in 1971, but since October, monthly VW sales have trailed the year before. On the other hand, the Japanese Toyota and Datsun, which, with Volkswagen represent the big three imports, are thriving. So are Japanese cars from Honda, the motorcycle king, and Mazda, which offers the revolutionary rotary engine. Japan was second to Germany in RAILROAD TIES For Retaining Walls, Garden Steps, Raised Flower Beds, Curbing, Car Stops, Fence Posts, Corrals and Loading Chutes. DEUVtRY AVAILABLE Yards at Freeport Center, Clearfield, Utah A & K Railroad Materials, Inc. Econo-Ca- r International has car rental and or leasinq franchise available in Salt Lake City. Start your diversification endeavor or retirement business now, Eeono-Ca- r provides training, guidance, fleet purchasfcioncinq ing, insurance, assistance, national advertising and free reservation system backed by 350 locations. 8? 5 April 3 4 5 INTERNATIONAL INC. Cete, Csytona Ssach, Florida 31919 Glenn E. Casey, agricultural statistician, USDAs Statistical Reporting Service, said eggs are such a fluid commodity that they are both exported and imported in Utah but more eggs are con-- r sumed in the state than are produced here. Surplus eggs from Southern Cali- fornia are shipped to Utah. The tep year in Utah egg production' was 1944 when 2,658,000 layers produced 439 million eggs. The production figure for 1971 was 270 million eggs from 1,207,000 layers. figures have been relatively stable during the past six " ' years. Mr. Casey said, "The name of the game has been automation and big pro1 duction to cut costs to the bone because1 of the horribly low income." Th-'s- Reserves of Crude Oil Drop 2.3 in Year New' York Times Service NEW YORK Proved recoverable reserves of crude oil fell 2.3 percent in 1971, the American Petroleum Institute, the oil industrys major trade association, reported Saturday. The announcement follows the report of a 4 percent decline in the proved reserves of natural gas by the American Gas Assn. Both figures added fuel to the fire of deba. raging over whether the nakon is facing an energy shortage. It is a debate that touches on many other major areas of political contention such as foreign policy, national defense, consumerism and ecology. (Copyright) r Highly Automated The Fassios, who retail at Hunter and' pack about 3,000 cases a week 360 eggs to a case for Salt Lake area supee- markets, are representive of the huge' volume and ultra automation in all phas-- ' es of the operation. e Their laying operation is on a 122-acr- ranch near Herriman, where 218,000 ' chickens are producing. Within a short ume expansion will raise the laying capacity there to 268,000 birds. Chester Fasrio, 58, started with a few, hundred chickens in. one building in 1937. His son, Dick, 24, is a 1969 graduate of Michigan State University with an M.S. degree in poultry science. KIMBALL ELECTRONICS INC. Beautiful and Calculating. DRIVELINES U JOINTS 940 W. 21st SO. 4860785 On Novembers, 1971 traded Need A New Sport Coal? 310,460 shares of stock, MAC'S CLOTHES TREE but he doesnt have any customers. At the TERRACE BALLROOM OPEN 7 A.M. MONDAY Purdy, Holiday Inn Airport 322-104- fronchite Popertmant Oielamatic Rarely Break Even Eggs From California George Littley SALE GROWING INDUSTRY R the time of year that bands gaily strike up Easter Parade, egg producers are singing the blues. Several remedies have been proposed improve egg prices for producers, even the drastic measure of henocide the killing of a certain percentage of layers under the direction of the secretary of agriculture. This proposal was defeated by the U. S. Senate March 24. to or Calls 7734234 JOIN A ICONO-CA- eggs- And Remedies Suggested Another proposal with an uncertain future is establishing federal marketing, orders for eggs similar to the complex price stabilization in effect for many years for the dairy industry. New Battle Phase In the new phase of the import battle, Detroits strategy appears to be 1o avoid another frontal attack, which would mean spending millions to introduce more minicars such as the Vega and Pinto and Gremin. Versions of the Vega and Pinto rqay eventually spread to other divisions within General Motors ar.d Ford, and a new small Mustang will be on the market soon. Plans for smaller commuter rars, however, have apparently been shelved. Detroit expects safety and pollution rules to wipe out some of the competition. The heart of Detroit's evolving strategy in the import war may involve a combination of the American and overseas automobile industries. (Copyright ) WAREHOUSE (801) The Egg and I people in the Intermountain Region have had a quest many months for higher prices about Utah is a state of chickens 1,207,000 laying fowl at latest count and nationally chickens outnumber people two to one. Therein lies a problem: a superfluity of busy chickens has led to a surplus of dium fiom 39 to 42 cents and small from 25 to 35 cents. One big reason for thp egg glut is that high prices in 1969 and early 1970 led many farmers to overorder new' laying hens. Since high prices meant high profits, many outside investors looking for the tax advantages (hat farming can offer put their money into eggs. (SOI) Freeport Center Ciearfield, Utah R. only at Chester and Dick Fassio, father and son team who run Fassio Egg Farms, 3664 S. 5200 West, Hunter, said Saturday there have been only two months out of shipments to the United States last year, the last 17 that they have broken even or made a little money. 703,719 cars to 773,043, but this year The U. S. Department of Agriculture seems likely to wrest the title away from the Germans. reported this week that prices paid to Utah producers are the lowest in 30 The other importing countries Britare less years. The average wholesale prices per ain, France, Sweden and Italy of a factor in the battle with Detroit, for dozen were 30 to 33 cents fon large eggs, reasons ranging from lack of desire to 26 to 29 cents for medium eggs and 20 to do big business in the United States to an 23 cents for small eggs. And supermarket shoppers in the Salt inability to feel the pulse of the American car buyer. Still, they represent a Lake area, faced with higher prices in many areas, had a real bargain this healthy chunk of the imports. weekend on eggs. American exports are miniscule. ForThe popularity of advertising eggs as eigners may not like the bigger American models; they have little chance to leaders was shown in the fact that all 14 find out because of a variety of nontariff grocery ads in The Tribune Thursday for barriers overseas, which push up the weekend shoppers featured eggs. Advertised prices for large eggs price of an American car thousands of ranged from 39 to 43 cents a dozen, me dollars around the world. 90 FOR SALE Call. Mr. G. isnt Easter. back-to-bac- k been dampened by the unexpectedly ree duced level of pay this year as the result of higher federal tax withholding. It is estimated that at least 40 million American families have been so to the extent of perhaps $8 affected billion, depriving the economy of considerable potential Ihrust. Administration sources have been pondering various programs to induce more people to increase e their exemptions so that pay is raised. The conference boards latest (onsum-e- r survey among 10,000 families across the country found a more optimistic view of current business' and en ployment conditions but considerable hesitancy on buying plans for automobile, homes and major appliances. Such intentions are about where they were late last year. In an interview this week, Harold V. Passer, assistant secretary of commerce for economic affairs, acknowledged that consumer spending hasnt had much snap to it, but said he felt retail sales have had a little more sparkle the last couple of weeks. (Copyright) Staff Writer The biggest egg hunt in need of some new stimulus to propel it upward again after its vigorous surge. It has been undergoing a normal consolidation, preparatory, perhaps, to a new assault on its historic highs. Meanwhile, however, the economy has been gaining momentum. It is generally Write. water which flows to a pond. Manure is dissolved chemically and clean water is recycled in system. Sco Page D-I- SCHREYERS me. EQUIDYNE O for eur Ad Kri (f Arrow Press Square Rm'ding No 2, Suite 389 Salt ake City. Utah 84-0- 1 sits beautifully on your desk. Purring out numbers and calculating faster than you. The Commodore 89 Adder. Credit balance. Regularly $109. Now an intelligent $75. Carrying case $6.95. It 521-s3- " 28 West First South Cottonwood Mali Valley Fair Mall ; |
