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Show Wall Street Reflects New Confidence, Recovery Quickens economists now heading r r Tieasury and the Federal Reserve Boaid at the same time, tleie may be bettei understanding and coordination of ro Geoice oidination of economic poluv Shultz ad Anhui Bums have had long inn p rt ns q 1y thmnrrh ao'1 00 of the National Bui can of Economic Rp scanh Thev should be able to read eo h othei quite well (Copyright) With Ri Thomas E Mullanev New York Times Witter LW YORK The queastness that infiltrated Wall Street almost two months ago with the intensification of the Viet- t limit . t illicit subsided late this week as mves-tot- s once again paid attention to fundamental the m the xtiengths nation's economy 1) To r born Jack Klliott has become a major contractor after founding business in IfltlfL Chartering of planes from supplemental airlines has become growing business Scottish- - Kestrictio.is on charter of supplemental carrier are being relaxed with inn ease in use. .Up and Don n the Street i Charier Flights-Ta- ke By Robert II irported n had had 4 000 chatter passengers surveyed Of these, more than 74 percent said dry National Wood) Tribune Business Editor dollars. He is the found- Elliott Silt Lake City, a contractor of Inter-mtiona- l, -- i'll rat ners aie con-- t a ' - Thev of time. nf vacation travel-- n wig to outnumber the ahead 11 ,ie tiaditionnlly flow on chaiier nf (tpee paid fares that up eSortuled - , j same ccvtily. The a ood, but we u nio,e jammed up . io . d ni-'- ci (torn certain cud The pm ,o h indie your a 3 : 0 4 accom-- i id - ' very cup in the U S But over therp ,t was an East Glasgow accent" wlinh Britain firmlv shut in doors to him (or any management post class-ronscto- Rv Edwin Daibv Chicago Learned One Lesson matter, he developed a talent for turning a dollar, he says By the time he was 23 he owned nearly every juke box in Glasgow and was worth about $250,000 He had learned how to make a dollar, hut hadnt learned how to keep it. Case in point: The local tax author ity asked to see Ins books so they could makp an assessment What books? He had none! Thev took everything 1 had One Janet Cam eron helped him set up a bookkeeping system. He married her "The best move 1 ever made " She keeps the honks for Elliott International. Burns in v baggage tic savings the puce ot (convenience is veiy small, indeed 'e of the supplemental, Chciseas of Hie (AP) budget ptieed superstoie which offets the consumer everything from soda pop to an automobile may he dawning, with 'ome supei market chains moving into the area of genetal merchandise catalogue showrooms Supermaikets General Cotp, which had sales of almost SI billion in 1971 now is testing the idea of running a catalogue showroom opeiation which offeis genetal merchandise items like home appliances, radios, provisions, spotting goods, gift waie and jewelry at one of its Pathmark Supermaikets m East Brunswick. YJ Supei mat kets Gcneial owns Pathmaiks House showionms Value catalogue Rickie Home Immovemen' Centet and did not gn all the wav lie spoke during the concluding session of the Intel national monetary (onfeicnce onlv of a return to ' some form of dollar ronveitibilitv' at some time in thp Movp to America three difctent e chains drpartment-sro- t The kev to the whole thing is conven lence and ms'ant gtatif'cation." says Maxwell Morton, vice president of Value Consumers can look at our cataHouse logue at home and select whai they want, go to the showrooms and actually see and pick up the items, then complete an older blank which is instantly filled fiotn the warehouse at the showroom " Grand Union Co abo has enteted the field of catalogue showrooms and is oj'emng its firs Craod Dixtrihmois stole in South Hackensack, N' J on June 15 For the piesent howevet, Gtaml Union intrrnl in operate m shew rooms sepa-riirin unused upeinntket buildings Grand Un on ' emphasis Particulai lmpoitance was attached here to both the Burns and Volcker speeches The monetary confcterce has acquired a reputation as a platform for the launching of major trial balloons Last year, in Munich, Connally fust laid tv )Fj tj n have i passec safety glazing' laws it is legal to install ordinary win dow glass in storm doors and other hazardous areas where injuries are likely to occur from broken g'ass m$. 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SAME LOCATION: ns RENT CO HAUL-MOVE-- West Coast States Financial And Site Location Assistance BRADEN Youde aKo made a point that rot cl spokesman themselves admit: The chain stores hate to change their prices either was w'as the case way, and sometimes last February they hang on too long See Page D-Column 4 details Turnkey Building Setvice Wide Selection Of Economical Braden Building Sysfpm Faster Occupancy Reduced Const) uction Time 4612 1 - e (801) t Fattening heef rattle w as a pietty good business early this year hut thats ancient history now Two major feed-lo- t spokesmen neat! here admit they were making more prof its than they really needed at the peak of the beef price surge in February. Today ranchers, feedprs, packers and retailers all say theyre fighthing narrow profit margins, squeezed by rising costs including higher wages. Ranchers and others now tend to bldme retailers for let, ul heef prices whirh some believe still lentain higher than they should he "1 know darn well theres nobody gel ting wealthy in the cattle industry tod, iv says Prof. James Youde, visiting professor nf agricultural economics at Diversity nf California at Davis. Youde, visiting at Davis from Oregon State Lmveisitv says his exearch con firms that tetailers are taking a bmer share of the total price tags on their counters Im not saying the chain stores havp I made exorbitant profits, he savs think it (the wider margin over whole sale costs) has been due to mci eased labor costs " DENVER t & 262-291- " Wnter FOR CONTRACTS! cost-savin- & Los Angels Times ' J By John A Ones SERVICE TRANSFER i Industry Claim Don't wait for an accident to happen at your house Pro tect your family now with Plexiglas'- happy because as your newly authorized Braden Buiidpr we can offer you more advantages mdudinci McDowell All Phases of b In Utah! Single-Sourc- Beef Profits Dip, con-tiol- DELIVERY Meet The Happiest Builder McDowell was the moderate e states that age 4 Section I) v down his mugh line and the groundvvoik for President Nixons decision to devalue the dollar and divorce it from gold In Miy 21. 1072 Poised for Jump the U S. Treasury, made a speech before a luncheon session of the eonfeience in which he continued the tough line of his absent boss, Treasury Sect etui y John Connally. What the United Stiles wants, Vnkker stressed, is not so much an agreement on the mechanics of exchanging world cm tencies" hut concessions from the Finn pea ns. the Japanese anti thp test that will allow the Initecl States to nnkp mote money ta world tiade and cuie thp "festering sote" of its persistent deficit in world trade and pavments In his speech Volcker rp affirmed the treasury's detei mutation to woik toward ' i re oriel tie the toward Pinforcing of gold " He wotked as a mechanic, eventually owned and operated five service stations A Scotch origins group asked him if he would arrange an air tour for them I He did didnt know anything about airplanes " Much to his surpiise the con tract catner sent him a $' 3 500 Tomniis ' Tint was the start moii biuuht Morning. The market is ohviouslv poised to move significantly higher spurred bv satisfactory sales, profits and eredit conditions and piobably would have already done so if it did not have so many outside xoiries to cope with, such as the ei cut uncertainty over Vietnam and the international dispute over persistent These monetary and trade problems have contributed to the recent bteak-ou- t in Euioprs free gold matknt that has earned the price of the metal to new neaks siren World War II near the level Uonnalhs departure from thp Trees mv is not nkelv 'o rher, n anv subs m tial way the ultimate recommendations bv the Uni ed States for reform of the Internationa monetary system or for settlement tf outstanding trade issues The replscement of Connally wuh George P Shultz at the Treasury is like-lto exert a fnore important influence on domestic economic affairs Unlike Connolly, the new sccietaiy of the treasury is s not a firm acvocate of wage-pricIn fact, he strongly resisted the adoption of sich controls last summer before the fieere but has since apparent-derided that the f'limate has been for controls e vears ago Mines Marke- t- Finanee rarlv tn the week Burns suggested this concession to the conference only a matter of minutes Paul A Volcker, undersecretary of The two decided to come to America on the flip of a coin. He was on his wav to California when he ran out of money 'Business v fUiUtP With Catalogue Showrooms - Die age Abo encouiaging fab Salt rate of increase (0 2 peicent) in consumer prices during Apnl and the big reduction in the United States mternation cl payments deficit in the first quarter to $3 4i billion still large and worrisome but abou half the red ink that flowed in the f llth quaiter of 1971. These upbeat reports offset the rauttonary effects on investor psychology that wete induced by the hooting of Alabamas Gov. George C Wallace dunng his presidential campaign m Marx land and by the abrupt resignation 0 Treasury Seeretarv John B Conn-all- lats Age of Budget Superstore Conte NEW YORK days MONTREAL Arthur F Burns, chairman of the U S Federal Reserve System, has shaken up the financial world by suggesting that Euiopcnn money men should get what they wint most an agiecment on the part of the United States to give them gold for dol N'o 10 Writer Sun-Tim- lesser Principal Propellants The principal propellants behind the market's surge were the favorable retail on industrial pioduction sales new oidets foi durables, housing activity corpoiate profits, personal in come the Gross National Ptoduet and business spending that surfaced in recent Idea Shakes Finance World used pptil , Easing are now commonplace in European countries Mi Elliott is probahty the largest of the contractors in the Intel mountain Area. He was born Jb years ago in Glasgow, which he recalls ns a dingy, shipyards city of three million He grew up in the Scottish equivalent of the Blackbouid Jungle, winch honed an instinct foi suivtval. It was worth a million to me " His Scottish burr' he savs snunds the business now of er flights of 'he charter flights he A ipuca and Europe has mips sinre 1963. s "client of the 10 million A the paid there have been as many loopholes as restrictions. And indications aie that the DAB will further loosen the restrictions Chatter flights minis i have On the other hand, Vacation Travelers me not Restrictions for supplemental air earner flights to and from the Continent The diffetence between the scheduled cat rters is not one of equipment. But it is . a difference of method, perhaps even comfort, accommodations, etc. The scheduled carriers are ust that , "'hoy denart and arnve, accouling to e,nt posted times And they fly wheth-- r " ' of full or nearly empty -- An ways scheduled service fare if chartei service nad not been available. Hence, the supplemental carriers aie not cutting mto the business of the scheduled carriers. There have been a variety of restrictions sui rounding the supplemental carriers. Among them is the requirement that groups using the supplemental carthat is, be memriers show affinity bers of the same singing or soccer club, union or student group would Ten years ago, Jack Elliott was sleeping on a bpnch in the old Greyhound Bus terminal with $1 47 to his name This year, he says, he will moe several thousand persons to and from fun places in Europe to the tune of several million er Gold for Dollars Off to Success a extent, tne stock m a ruets sharp rise in the final two sessions of thp week was also wot iv about a Soviet Lnion and China over the Vietnam situation and bv heightened confidence over the outcome of Piesident Nixons impending visit 10 Moscow. There was no doubt, however, that the decitnujoi reason for the market's first sive upturn in five weeks was the con vtnctrg evidence in economic data horn Washington and in business repoits fiom mound the country that the pace of the economic recovery was quickening WAFER'S' BMG.tU3 ' ' ch 2nd Phone 80M87-647Went, S I C Serving The Intcrmountain West THICK PARTS - TOOLS - EQUIPMENT - |