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Show KJ .ri Itke The Salt Tribune. Tuesday. September ''7 5, 1972 T '.? I;!1-1'- fcW. - f '... " Isn V Fly j c f & ;ur , Used to Be f - 4T Tn. i$zwpx I ; ! .8 , : .i -- t The first passenger airline flight 45 years ago was unioue by todays coat-to-coas- r : t. standards :.r V the passengers clutched a mad bag in one hand, a sack lunch in the other and each wore a There is no record of the number of passengers taking the flight, but the trip was made on Sept 1 at an altitute ef abou' 8,000 feet Fare for a ticket was more than 1 .. v; Rate Forecast 10 Stores Open Today What It -- Soaring Bond Single Stop Chain Single Slop a chain of 10 qu 'k service retailing operations offering a variety of goods and services opens uesday in the Salt Lake area. 1 Owners Stephen Rosenblatt and II Ross Brown say the stores are bent on relieving the consumer of anything more Hun shopping for services that are needed almost dailv." one-sto- p Among thmi repairing lammat-lrand ticket sale . Notaries public will also be available The two said other services will be added later li g watch 1 g will All 10 locations uesday, they said open They are- TroLey Square. n State. 9th South and State, 3rd South and 13th East, 33rd South and Highland Drive. 3119 E 33rd South. 80 523 are film sales and processing, shoe repairs, laundry and cleaning, printing copy- - Olvmpus Shopping Center, E 4th South, 6150 Van Winkle 4122 S 40th Expressway and West New Yoik Times Service The NEW YORK of the credit market has undergone a major change in the last few weeks, but nobody paying even casual attention could fail to recognize ui it a familiar visage today For the pattern of interest for many rates predicted months last winter and spnng soaring money rate; that would put some upward pressure on bond rates began abruptly in early August arid continued through most of L,t week. (Copyrightl - one-wa- v Fort) five years ago this Boeing Air Transport stopped in Salt Lake lit) en route to New Jersey on the first was one Business Outlook the W y la r ke Is y I i lies 2 5, 1972 Second Section 1 5 journey. Later, m 1934, these twm companies jomed with Pacific Air Transport, flying between Seattl'' and Los Angeles, and Varney Air Lines, pioneer air mail carrier, to form United. las:e 3 million uni's 19118-7- 0 Tiny Airline Sees Nixon Only Hope for Survival Yet. though more homes are being built, theyre less commodious. The explanation is as youd surmise price Higher construction costs (labor and materials) and higher land values combined to boost the median price of new homes sold in the U S from $18,000 m 1903 to $25,200 last year By Robert J. Samuelson Washington Post Writer WASHINGTON "Weve got to see the President, Jose Bloise said. - Consequence: Compromise Mr. Livingston Consequence: compromise. Families had to choose between what they aspired to and what they could afford They economized on bathrooms, air conditioning, and other additives to the good life. e Yet, per capita income advanced to an high. So, a natural question arises: flow come? The home is the single biggest lifetime purchase of most families It entails substantial monthly payments interest on the mortgage, reduction of the mortgage and taxes. This decrease lays for expenses liability (which increases if taxes go up and doesn't till the mortgage is paid) competes with family outfood, clothing, transportation, recreation medical and so on Those costs kept going up too. So.neth'ng Gives Something had to give Most householders wont cut back on food and clothing if they can help it. That reduces living standards In contrast, moving into a new home usually impioves the quality of family life, insofar as the shift is from an older home to one that's more modern, or from one thats too small to a larger one. Stinting on the new home is a recent phenomenon Until people bought more house every year at higher prices. Then in 1869 and 1970, size floor area contracted abruptly. Yet, price per home didnt drop until 1970. and rose again last the latter slightly year, as did floor area Indeed, he does. Bloise is a pilot for Canbbean-Atlanti- c Airlines better known as and President Caribair Nixon may be all that stands between Canbair and bankruptcy. lias Only 5 Planes Canbair is not exactly one of the titans of the airline industry. It connects Puerto Rico with more than a dozen Caribbean Islands, has a fleet of five planes (3 DC9s and 2 Convairs) and is a virtual shredding machine for money It has lost money in huge quantities since 1967 (m 1969 alone, the loss was $5 million), and by the end of 1970, its net worth (the excess of its assets over habdities was a negative $14 7 million The sole salvation for Canb- 19(18, Construction Costs air appearently hes in a merger with Eastern Airlines, but the minors emanating last week from the Civil Aeronau- costs never declined. tics Board, which must approve the union, have the To combat rising prices and maintain sales volume, builders cut down on extras Bathrooms, for example. Until 1969, the percentage of homes with more than one bathroom increased In 1970, the percentage dropped noticeably. Last y r it increased slightly, yet remained well below the previous peak. agency voting against the or, according to proposal another version, conditioning approval with so many restne-tion- s that Eastern will never But construction United Air Lines spokes- man said the flight was made by one of Umteds four predecessor companies. Boeing Air Transport at San Francisco linked with National Air Transport to complete that first Fi na nee Tuesday Morning, September That characterizes housing boom. New residential construction jumped from to more than two annually from million last year And that level will be exceeded this year 1971-7- Beginning in San Francisco, the journey proceeded to New Brunsw ick, N J , with 15 stops in between, including one at Salt Lake City Total flight time was more than 32 hours Predecessor Company nter reed a new home, but less house. $4')0 A Housing Boom I three of passenger flight. The airline precursors of United line. alt gal it pilmttt Less Space Marks J. A. Livingston Pulitzer Prize Business eoaxt-to-coa- Similarly, the proportion of new homes with an- condition1969 to 1970. but then diverged from the bathfrom dropped ing room pattern. Air conditioning installations in new homes reached new highs in 1971 numerically and proportionally. Economic Slowdown The economic slowdown in 1969 and the recession m 1970 made consumers less venturesome m their home buying Undoalso ubtedly. high intei est rates mortgage costs went up were a factor Additionally, the federal government embarked on a massive program to stimulate housing These subsidized homes wore more modest than those usually bought by persons who get FHA or conventional (savings institution) financing The production of a large number of smaller homes brought m size, down the national average price and quality low-co- And now. with incomes rising rapiuly. it would be natural to assume that homes once again would get bigger. 2 accept. Big Losers Certain That leaves President Nixon, who could reverse the ruling because it involves "forissues. But, policy eign of how the Presiregardless dent decides, the Canbair merger will almost inevitably leave some big losers: If there's no merger, canbair seems almost certain to go out of business, leaving Bloise and an estimated 600 to S00 other employees out of for work. It also means that whatever it's worth there wont be a U.S. flag First Stop Uniteds predecessor carrier Tying to a number of Caribbean Islands. Rejection of the merger will result m a loss of about $4.5 million for Eastern, which has had an interim management agreement with Canbair to keep the airline afloat. If the merger goes through, the temporary advances will be deducted from the purchase pnee of $10 4 million. Pan Am Problem Approval of the merger could compound the already-seriou- s problem of Pan Amen-can World Airways, which lost $48 million last year and $45 million the year before. Bloise and his fellow Canbair workers have branded Pan Am as the v dlain in the piece. Theyve already made anti-PaAm signs for a demonstration they plan in front of the White House when the President returns from cross-countr- Seattle-Tacom- real problems when its eyes got bigger than its stomach. It leased three expensive DC9 jets in anticipation of new route awards from the CAB, but the awards werent made until 1969; m the interim, the jets high operating costs and expensive lease payments had a balloon effect on the airlines expenses. began in the nud-60- s New Competition At the same time, it collided with new competition. Pan Am inaugurated jet service to St. Thomas in the Virgin Islands. That meant that passengers who had made the connection from Puerto Rico via Canbair could fly directly from either New York or Miami which many of them, naturally, preferred to do But the San Juan-to-S- t Thomas route had long provided much of Carib-am- s profit It was, as C B examiner Ross New maun found, the airline's bread and butter a, Show Goes On, To Rely on Battle Plans n Canbair's compa- ny, Varney Air Lines, made its first stop in Salt Lake City on Oct. 1, 1926, a year before y the flight. The Post Office Department had authorized a change of the terminal point from Elko to Salt Lake City. United now offers 203 passenger flights a week in and out of Salt Lake City, the spokesman said. Principal destinations include Boise, Sacramento, San Francisco. PortDenver, land, Chicago and New York. New York Times Service - NEW YORK The war room back in Cincinnati has been disbanded. The battle is about to begin. How successful has been the planning will come out over the next 11 days, the duration of the 1972 International Machine Tool Show in Chicago which opens Tuesday. '''VA'xAf mm' nA'Vl V THE STATION WAGON OVER Last year Cmcinnati Inc., the nation's largest machine tool maker, began planmng for the giant exposition. Because of past experience, management actually formulated a battle plan and went over the tiniest details. . WITH 60 SO. FT. STORAGE AREA Mila-cro- INCLUDING RADIAL TIRES & LUGGAGE RACK REDUCED TO 4 activities were coordinated around the wai room in Cincinnati where the scale model for the exhibit was located. Placement of everything, including furniture, air, water and electrical lines, machines, displays, etc., were worked out in scale and even the line of sight for a laser beam as a feature of the display was sited on the model Sponsors of the show estimate there will be some 71 companies displaying their products All .48 (Copyright) Great Area to Live, Work Cnll vs Newport Beach Gains Business , Industry But now Newport Center backyards. y gives the working wealthy and the meie-laffluent a way of dealing with lifes routines. By Robert A. Wright New York Times nter NEWPORT BEACH. CALIF. - Tom olff lives and works and plays and in Newport Center, a business shops complex situated on a bluff overlooking A The bulk of the people who work here, afford Newport Beach and most commute from other communities in Orange County, driving an average of about 1) minutes. of course, cannot the Pacific where cattle once grazed His office is across the street from the first tee of the golf course, and from there he can see the ocean His home is But this kind of working environment can produce some very unbusinesslike ebullience not typical of rats m a race I sometimes wonder why I get paid. blurted out an executive who moved here from the East so recently that he is still unreconstructed. tw o blocks aw ay People like Thomas C Wolff Jr live m spacious $76,000 to $112 000 condominium townhouses lining the fairways of a country club They can walk to one of Newport Center's high nse office buildings in about the time it takes to reach the average golfer's drive without an electric cart Not all of the center s 7,500 toilers Wallace O Laub. who runs his own advertising agency here, chortles: "Ini the only guy I know of who lives on a golf course and works in a high rise." He obviously has not met Wolff, who frequently gets in a round of golf with his wife before supper. are that fortunate 10 Minutes From Work More typical is Claire Connell, vice president of the Avco Financial Services, subsidiary of the Avco Corp. He must drive almost 10 minutes from his home to Avco Tower. his office In the From there he can keep an eye on his yawl at its slip in Newport Harter, clearly visible from his office w mdow. A visitor wonders how anybody gets any work done. Perhaps it is the fear that they will be transferred to New York But executives here say the environment does not detract from their efficiency. You just do more of everything work and play when you live here," says Alex Bow ie, a partner in a law firm with offices here Bowie, who grew up in Colorado and whose previous home in Southern California had enough land for I probably play more, horses, says, 37-fo- of lots of Acceptable applications on in Newhave beh display lung money port Beach, where many residents like actor John Wayne literally tie up their boats In the sea that borders their t .! f e PMi n J ' ft: 4 1 work harder and feel happier here. Inland. y ou tend to work five days and play two Here you dont have those sharp distinctions. Now a Saturday morning meeting is fine with me. for our chemicals 1 INDUSTRIAL AGRICULTURAL LABORATORY THATCHER CHEMICAL CO. Time for Cruise After Work Connell, who until two years ago commuted 45 minutes to work when he lived in Cleveland, says he regularly arrives at his office here at 7 a m. necessary because m New York its 10 and the stock market is open. By 4 30 youve got a goed work day in most of the time and plenty of time for cocktails and a quiet cruise in the boat. was not envisioned by James Irvine who in 1864 founded his catile ranch here, later adding two contingent Mexican ranches to expand the property to 83,000 acres. 1973 FURY III tour door hardtop TorqueMe power Veering power d v cakes ujnd toning Voted gUsS 'dd'O win, 36 360 'OO tron'rs rv r WAGONS 8850 vi je which he pined for the wide open spaces of San Fernando Valley. That was an accurate description of the area then, but by the .ime of the Korean War the valley's ranches had been transformed into a criss-cros- s of (leeways and homes just feet apart as Los Angeles' largest bedroom community. ! V DOORS 1- DOOR -4 REDUCED TO VX"1 $1 SOU WE WILL RENT I JUK LAUNDRY ROOM SPEED QUEEN ' 'SEMIS rr CO'N OPERATED WASHERS & DRYERS FURNISHED PQGlI FOR APARTMENTS, PARKS TRAILER MOTELS, IKST'TUTIONS 7i , UlA- l- single-famil- (Copyright) 2- -2 If All of this, of course ine property was formed into the Irvine Co. by James Irvine Jr., in 1694, buf remained intact as a cattle and crop ranch for many more years. Even with the influx of World War II defense workers into the Los Angeles area, Roy Rogers in those years Lad a hit record in n 434-254- COIN METES 4 WASHES U50 So"h Wtst i:i SERVICE Tfr-pi-f A i h. fc ut P ; ss i, juiie t y |