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Show tipi Down the Street , i "$307 f alt f ttfct f ibrnt 'Business Real Estate Loans Increase in Utah . ti Longer Day Suggested For Market The Salt Lake Tribune, Wednesday, November If real estate lending is a measure, there; no indication that the construction boom in Utahs Wasatch Front counties is lending activity in Salt Lake, Summit, Utah, Wasatch and Weber counties totaled $517 million compared to $378 million for the same period a year ago, Mark Eggert- sc president of Security Title Co., said. h f MFS Seeking Boost In All Patron Rate r Biggest Share By far the biggest increment of the loans was made for condominiums. Lending in Salt Lake Countv was up to $356,419,727 compared to $268,105000 the year The big activity at Park City Resort was evident in the Summit County tally of Mr. Woody $14,160,699, more than double the $5,820,374 of a year ago. across-the-boar- about 5.36 cubic feet of natural gas. of The rate would apply to all customers residential, comA mercial and industrial. spokesman said the rate would be equal to about a 7.75 percent increase for residential Utah County was up to $78,257,702, compared to $60,705,513. Wasatch County was more than double at $7,524,653 compared to $3,208,153. Weber Figures Weber County totaled $60,824,021, compared to $49,438,369. Over the state, the total was $615,133,305, compared to nine months. $475,900,057 for the year-ag- of Robert F. L. Crosland and Theo K. Dunham as trust " officers was announced by 't Roy W. Simmons, president of Zions First National Bank. Mr. Barnes is a native of ! Salt Lake City and joined the The company said the son for the application was increased costs. It said it had not had a general rate adjustment for about four years. rea- Trust Officers bank In 1962. Mr. Crosland is a native of Scipio, Millard Coun- Appointment Barnes, Emerle Okayed Last May The company received authority to increase rates last May to cover the increased cost of pipeline gas the company must purchase and to provide additional money for exploration and development of new gas supplies. That increase ranged from 5.6 percent to general service users like residences to a high of 17.7 percent for industrial interruptible users. The latter are firms that agree to accept gas on condition they shut it off when cold Weather necessitates diverting all gas to homes or commercial estab- ty, and joined the firm in 1946. He is a former president of the Trust Division of the Utah Bankers Assn. Mr. Dunham, a native of Salt Lake City, Joined the firm in 1956. i Surety Finance Earns More Surety Financial Corp., 1935 S. Main, an insurance holding company, reported consolidated adjusted net income for the first nine months of 1972 of $733,458. J 5 This compares with $555,970 for the same period in 1971, an increase of 32 percent. ' Adjusted earning per share reached 41 cents per common share compared with 30 cents In 1971. Ciinada Okays 3 U.S. Airlines L n - lishments. air carriers are Air Taxi International Inc., West The Commission OTTAWA (AP) The Cana-dia- n Transport has approved applications tor international air charter censes by three U.S. air car-.riers. Z. Kastler, MFS president, said the present application seeks a general review of company rates, revenues and the first sought expenses since 1968. B. Chicago; St. Cloud Aviation Inc., St. Cloud, Minn., and Viking Aviation Inc., La Crosse, Wis. a, storage facilities, higher cost of raising capital and other increased costs such as taxes, wages and materials. ground users. o Zitfns Taps Three rate increase cents a thousand d Mr. Kastler said a general rate increase had been forestalled through inner economies. These included automating much of MFSs gathering, transmission and distribution facilities, and the closing of some branch offices. Despite these economies, the rates and charges under the current schedules do not now, and will not in the future, yield a fair, just and reasonable rate of return to the company. 80 Cents a Month market settled-Feede- r unhMfressed estab cattle ond sheep not vet 740, confirmed steers Slaughter lbs yield grades 3 0 Choice selves ond 4 34 00 35 00 confirmed 350 Slaughter heifers lbs yield grades 2 ond 0 Choice 3, 33.75-3- 00. Dairy Market SALT nchanged ered to stores, in cartons, cases exchanged; Grade AA extra large Grade AA meGrade AA large Grade AA small dium Prices to producers: Grade AA large 29 32, Grade AA medium 26 29; Grade AA small 8 40-lrmdles block 67'i; Cheese sandwich loaf 67' 2; mild longhorn V'i. 93 score Wi; 92 score 84. Butter ders. NOV, 16 PUBLIC AUCTION Egos -Udeliv- Closing Future Use h,k 00; THURSDAY . prices to retailers, CITY LAK.E Ch 43. 36 Replacements two loads choice voung stock cows, pregnancy 367 50 per head. Sheep confirmed 1,600 Jthoice t. lb wooled slauahtor prime 00, latter price guaron. lambs 28 teed high dressing percentage Slaughter cattle FOB feediot 4s percent shrink, feeder cattle fob weighing boint equivalent 4 percent shrink, sheep FOB feediot 4 percent shrink, all Immediate delfiferv. NO RESERVE NO LIMIT Needham coupled his proposal with the suggestion that the nations of the world encourage the free flow of investment funds across bor- He said the rate application was brought on by a combination of factors. These include higher gas costs not covered by the recent increase, the we substantial investments are having to make in under- Mountain Fuel Supply Co. Tuesday asked the Utah Public Service Comission for an t before. ' York Stock Exchange, proposed Tuesday that the exchange lengthen its trading day to help investors m other time zones who want to do business through the New York Stock Market. Page 30 Second Section on the wane. Nine-mont- James J. Needham, chairman of the New 8, 1972 steady but steers and heiters about 1 LONDON By Robert H. Woody Tribune Business Editor Feeder cattle confirmed4i. few prime 635 lb steers good choice 500 lb heifers Police report that two suspects fleeing in a car with two sports coats stolen from Keith OBrien, 2108-- th East, collided with another car in a rear alley behind the store. Both suspects fled after the accident, leaving the coats worth $39.98 behind. New York Times Service I Livestock Markets -- a?- Suspects Ram Car in Escape 10:0CA.M, (MSD Facility at Mvale. UWt lor Premises tor lumber Distributing Door Mfe ol Kaibab Industries 375 No. Man St. MIDVALE UTAH (Salt Lake City) $250,000.00 Evaluation who is here to attend the dedication Wednesday of the London Stock Exchanges new building, said one of the benefits of automation in the securities industry was that it permitted the operation of markets 24 hours a day. He pointed out that the New York Exchange now operated from 10 a.m. to 3.30 p.m. Eastern Standard Time. These trading hours correspond to 3 p.m. to 8:30 p.m. in London and 7 a.m. to 12:30 p.m. on the west coast of the United Needham, Go First Cabin DOOR MANUFACTURING Go Classified EQUIPMENT RJl Auto p(2) RuSw4lIHB Bed w H Belt 30). Com 54 LINE 9' Endless Bell w30 Bed UniP Sms Industrial Mod 500R 4(2) Testate Chop Sans OWK (2) Irvircton 4 (1 Pistoudus KVA TRIMMB1 8, OOOR EDKRKVAL 48 kin CORE E0GtR,Wi DOOR KNOB IWIl, Automatic Mod Military CORE TOWER, Challuner 4b X 6 8 (2) COLD PRESSES 5 X 0 X8 X2 Opening Opening Door, 33DTon, 46 X X ran corimAcrs! If youve sold your home on a real estate contract, you can convert that contract equity into cash. For full details visit or phone any mortgage loan counselor at Prudential Federal Savings, 155 East 33rd South. Salt Such time differences impose hardships on brokers who want to trade through the New York Exchange, Needham said. The solution would be to extend the New York trading day a half hour at either end on an experimental "' 253 6 XaOCap Removal bander Dbl Enoless BeltStock & Snetco 125 h p Dr Mtrs : Trepe! G Mod p States. SANTGl AUTOMATIC INVENTORY PARTIAL Myrtleson 44' 44" X 88", SURE ACER, Buss 8 Miser h p ; PAKTICU , Door PRESS, ... X - OEPT 88 HOI Pedicle Board X50',Mod 44w40 8 17A-- Stetson-Ros- s PURER, KnTe 6 4' X3 HOB Fitchtwi SPtitUERBIack Bros 50" X30VDM BOM) SAW, KVAL sfel BELT 4 REFUSE ALL IRS, 5 to hp CONVEYORS (7) 40hjp, Const1 Dust 4 Shaw Ea DeVilbiss, SHOP EQUIP i (2) 2,500 Pull, . Pneu ; VAN TRAILER, ETC , ETC. 15', Fruehauf 2 Axle OF SALE UNDER SUPERVISION Milton J. WERSHOW Co. Auctioneers In Lake City, Utah, Phone Cal Brea Ave. WERSHOW-ASH-LEWI- S 629 forma In The Northwest N. La 900 S W. Fifth Los Angeles, Cal.f. 90036 (213) Auctioneers Ave , Portland, Ore. 97204 (503) 328-466- basis. ' He said the proposed new rates will increase the the average residential users yearly bill by about $9 59, or an average of 80 cents a month. Total revenues are expected to be increased by about $7,373,000, if the application is approved. substantial part would go to increased income taxes. The previous rate increase was calculated to bring in an additional revenue of $4,844,833 for the company, ac- cording to a Public Service Commission spokesman. Airwest Meet Garbage, Huh? Yeah! Directors of Hughes Airwest will hold a business meeting Nov. 17 in Salt Lake City. They will meet with public officials and area businessmen at a Hotel Utah dinner the Rubbish Making New Barons field that have developed by acquiring existing companies within the same industry. Since Waters, a Harvard Business School graduate, and his colleagues took control of By John Henry Newsday Writer NEW YORK Would you want your daughter to marry someone in the garbage busi- - ness? Dont hold your nose. The Browning-Ferri- s groom could be on his way to making a fortune as a rubbish baron. Small-scal- e garbage empires are being built as a handful of held, publicly professionally managed firms gobble up scores of largely family owned which until the companies, late 1960s were the backbone of the trash business. This clearly is one of the glamor industries, says Harold executive 3 rectorGershowitz, of the National di- Solid Assn. Waste Management (The term garbage conjures up yesterdays version of an immigrant, he says as he explains the industrys preference for calling the field solid waste management. Romance of IBM Youve got the romance of Xerox or IBM in this business right now, adds Mike Ober-maeditor of Waste Age, a trade publication. As befits a glamor industry, the type of person entering it has changed also. This has clearly become a young mans industry in the past six Gershowitz says. years,' Even in the small, family-ru- n companies, sons are going into business after completing n, f6 Cl 4 I W r. 2 2rr 4 m w I 9 V I A. college. Although links between organized crime and segments of the industry have appeared from time to time, he insists his business is as clean as any other. In fact, Gershowitz says, a recent study released by the Commissioners of Internal Revenue listed the 15 types of businesses most favored by underworld entrepreneurs, and garbage wasn't among them. New Breed Example n example of the new breed of garbageman is Louis A. Waters, board chairman of Houston-base- in 1969, DICK WATSON PLAN Explained Growth The companys ambitious 63 garacquisition program bage companies were absorbed since the new management took over enabled it to achieve such a rapid growth rate. What worked for Browning-Ferri- s has worked for others. Waste Management Inc. of Chicago has acquired 32 firms during 1972 and boosted its revenues from $16 million in 1969 to $28 million last year. SCA Services, Boston, more than doubled its revenues. Stock splits are common, and stock prices rising. Many small operators have sold out to the agglomerates in recent years because they lack the borrowing power needed to purchase increasingly sophisticated equipment. Lost Example -' For example, the average garbage truck used for hauling industrial waste costs $30,000 today, more than double the price of a decade ago, an industry official says. Publicly held companies in the field can raise more capital at cheaper cost than privately owned ones. of LEASING Your Next Ci SAVE: Equity, nations Responsibility & Money mounting output of trash. Waste generated per capita has soared from 5.5 pounds in 1967 to an estimated 8.6 pounds a day this year, the 1973 1973 Agency says. And it predicts an annual rate of waste growth of 5 to 10 percent over the next decade. steering, power brakes, air radio, automatic transmission. DeViiie Leather Interior CorbStft Saw Sharpening BmMi I tMliRt tafalm n UTAH 5AWWQRKS 4t? 4 tie It. 4193 I VU OFFICE AT: municipaliby turning of residento the pri- , new00C3 S'ffQCliU V CONDOMINIUMS, ST. GEORGE 157 West 3300 South, S.LC. ..Dick Watson MNkJrl. Collect vate sector. 487-79- 6 487-6- 1 61 fit :ri fiht tis psora ow?::as c? tie de Mo. 1fT3 MARK IV ANY MAKE OR MODEL Continental YEAR LEASES BEAT THE ABOMINABLE O ON THE DIXIE RED HILLS GOLF COURSE i( ,m' SNOWMAN! O LEAVE THE SNOW AND COLD MUD & SNOW DESIGN 600x13 WIDE-TRA- K 700x13 078-1- 3 695x14 C78-1- 685x15 C78-1- 5 855x14 H78-1- 885x14 08-1- 4 825x15 678-1- 5 855x15 H78-1- 5 4 CLUBHOUSE 23,900 v V 9 & POOL TO WITHOUT COSTLY i! 38,500 90 PUS FiT. ONLY A LIMITED NUMBER TIRE RECAPS 735x14 775x14 825x14 735x15 775x15 SLACK Pair for 08-1F78-1- 4 678-1- 4 08-1- 5 08-1- 5 LEFTS Cal 1 "80 1 -- 673-501 5 Col lect for T ransporiation 27?? to St. and an George appointment to see the Sun Stone. thesunstone model and sales office are closed Sur'days 1 BLACK Pair for Pair for 29 FROM 1 LIVE IN THE SUN mtti facapfnble SNOW 25 O HAVE A LUXURIOUS MEMBERSHIPS FBPMR Pair for 650x13 r O ENJOY YEAR 'ROUND GOLFING Too Early For SNOW TIRES? NOT AT me most 190 PUS FU. 885x15 J78-1- 900x15 178-1- 31 90 PUS fit. BLACK BLACK WHITEWALLS Heavy Duty Traction Truck Tire Racaps Available mB i-r Loaded Lincoln Ober-man- nT-- lpL Mo, CADILLAC Sedan For another, these industry observers say, the large garbage companies can expect to continue to profit from the I I I I omen INTHEOM Am 4 4 Power 73 SPEND THE CHEV. CAPRICE d tries Inc., largest of the new s trash agglomerates, word for firms in the JWi FORD LTD hardtop air, power power brakes, radio, automatic transmission, 2 year lease steering Environmenal Protection growing trend of ties to cut costs over at least part tial trash handling mm CONSIDER The ADVANTAGES that. For one thing, they say, growth is virtually assured by the A MASTER LEASE mid-197- they have transformed it from a company primarily engaged in the rental of heavy equipment to one mainly involved in waste collection, recycling and disposal. In the process they have raised sales from $83 million three years ago to $131.4 million last year, and net income from $4.4 million to $7.5 million. Browning-- . Ferris Industries stock, first offered to the public three years ago at $5 a share, now trades after three stock splits in the neighborhood of $33 a share. Indus- Browning-Fern- s previous evening. Although some industry observers expect that virtually all of the good local operators will have been acquired by they foresee great opportunities for internally generated growth for the garempire-builder- s after bage fW Ivwfl 3 4 r .1 Abrasive or Cold Rubber Availably Main & State Please send me more Sun Stone information. ,) Name I Address City TIQE CO. 521-612- Presented by Gentlemen: $2.00 44 last 9rh South America'! Premier Tire Maker 6 8 o.m. to Mon. Sat. thru p.m. Open Mail to: Adams & Company 296 East 100 North St. George, Utah 84770 7ip Rodeal State Adams & Company 296 East 100 North St. George, Utah 84770 801673-540- 0 i't i 1 |
