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Show Min i nyinTii yrv- inii y The Salt Lake Tribune, Sunday, February CP - T I)" Iijjf" qi y V'l' y V1 y y iimi iry J g 18, 1975 tontinued From Page recent storms because & ,'- Vr,i 1 I , ,M" ,& ., .. tav''..,," fl V jr J WKSr W'v& ? FT- - ft Toll Far From Minor ,W I ''nmy,, 1 'JC 4 4 "4'X Zl'"ytr With the exception of many big money speculators foreign banks, multinational companies, wealthy enterpre-neur- s and prosperous Middle East oil naalmost everyone else arcunu the tions globe came out a loser, the United States as well as its closest Western partners. Real estate sales continued at a brisk pace as Salt Lake realtors sold 156 properties for $4.2 million-plu- s rea real estate sales continued at a brisk pace last week, with 178 transactions totaling $4,232,110, according to George K Irothero, president of the Salt Lake Hoard of Realtors. Cox Last week, he said. homes sold for $3,645,310, 134 13 300th Missile Delivered Before Date - The SEATTLE (AP) Boeing Co said it has delivS Air Force its ered to the 300th short range attack missile (SRAM) completing ahead contract of time a that staited March 1, 1972. one-ye- Boeing has been the prime mover m the production of the missupersonic sile. Col. H. C. Garner, Air Force plant representative in Ogden, Utah, received the 300 missile at Hill AF Base where Boeing conducts its final assembly. The last SRAM is destined lor Grtffiss AF Base in Rome, N.Y 1 - In SAC Since August The weapon syztem has with the been operational Strategic Air Command since last August Deployment to 17 SC B52 squadrons and two FBI 11 squadrons is on or ahead of schedule Wi watch will Salt ' Real Estate Sales Continue Brisk Timepieces crystal be marketed by firm. 74 V7f V- Lake sent "a major adv ancement m the for personal timekeeping devices." The pieces will be marketed under the trade name Cox a Quanta " They include siandard wristwatch; an engraved pocketwatch. a lady's pendant watch, and a desk set with wooden base. Retail price w ill be less than $ 00 Boeing Manager H C. said production rate of 40 SRAMS a month w'as reached as planned last DeTo date, the Air cember. Force has authorized production of more than 1,000 units multiple-housin- for two business properties for $42,500, six pieces of vacant property for $42,300 and a farm for $35,000 $467,01(0 Largest single sale was a pair of fourplex units at E. Lambourne Ave. (3140 South) which sold for $76,000. Carpeted and draped, all are units, with ranges and refrigerators. Seller was D. T Flynn and buyer was L. M Wilding. The transaction was handled by Michael R. Kucha, salesman for Ramada Realtors, with Mane Davis as broker. 334-4- 0 one-bat- h single-bedroo- The largest home sold last week was an old brick iesidence at 683 W Gentile St , Layton The $65,000 transaction included 15 acres of surrounding property, sheds and a barn. for Imperial Realty Co. Buyer was Gary Nelson In other real estate activities, Scott A Taggart, president of Scott A Taggart Co. of Salt Lake City, has assumed duties as regional vice president of the National Asof Real sociation Estate Boards. His region encompasses Utah, Colorado and New Mexico. NAREB, which this year convert its name to the National Association of Realtors, also is adding a new category which it hopes will expand membership from the current 108,000 to more than will 500,000 A two-stor- y The property was listed and sold by Kay Nelson, salesman conducted operational test and evauation flights last month to learn how the new SRAMS can be used most effectively. Simulated Missions firm was founded in and now employs 35 at its plant at 444 S. 2nd U est The company began operations with the development and production of electronic sport timing devices Cox timers were used as the official for the timing instruments 1972 Canadian and l.S. Olympic trials The nml-197- 1 The flights simulate actual missions, such as those flown over Vietnam, and have included three out of strategic of 23 Mr years in the Taggart is of both the profession, past president Utah Association of Real Estate Boards and Salt Lake Board of Realtors In 1969, he was named Utah Realtor of the Year. lltimate - The (AP) following list shows the stocks that have gone up the most and down the most based on percent of change on the New NEW YORK York and American Stock Ex- changes regardless of volume Net and pel centage changes are the difference between last weeks closing price and this week's closing price. WmnersNew York Stock Exchange 4 5 1J4 Ktlemb Cop DeRose Ind 6 Nat Alt Deh 7 Ernst EC A 8 Flock Ind 9 Scottex Cp 10 Pandl Bradf 11 Fst N Real 12 13 14 15 5 7 V'? 88 4 I'? 4 'B 4 '8 17 2 3 Losers Name 2 3 4 5 6 7 8 9 10 11 12 13 14 trade-weighte- d It is rather ironic that the current international currency crisis and attack on the dollar should have emerged at a time when the giant American economy was and upward rather moving forward vigorously and on a broad front, with the nations inflation rate and productivity gains much more impressive Ilian in most of the developed world This week's ration of economic news, apart from Hie currency developments, H 4 - 2 7 34 2b 1e 17 84 4b8 ?8 234 4 Vs 24 V4 21 20 0 19 4 17 9 6 9 16 7 18 18 16 7 16 7 Up 16 3 Up 16 2 Up 158 Up 15 6 Up 15 5 Up 15 4 American Stock Exchange Last Pet. Net MPS Inti Cp Eauity Nat Comput Inv Edgingt Oil Sikes Co A Astrex Inc Diversf I wt Valles Stk H Lafav Rodto Toichm Ins Twin Fair In BangPun wt Lubv Corp Pit De Moin 15 Superscop 18 P&F Indust Rikr Maxn Action Ind 19 20 Logistic In Creativ Mgt 21 Binev Smith Mouldings 22 23 24 25 4 78 W 16 17 P3 4 8 134 Chadw Mill Mich Genl Admirl In ITI Corp 16 7 1 4 54 Simplex up 4 741. 18 22 23 24 25 Vs 5e 17 21 V? 1 5V? Am Bk Stra Con Oil Gas Rest Assoc 19 UnNatCp wt 20 AVC Corp 16 27.3 25 8 25.0 24 4 24 2 24 0 4 34 Richton Inf Fab Ind Uns Bid wt Laiglon Up Up Up Up Up Up Up Up Up Up Up UP UP UP Up Vb s 4 3 23,8 4s 3 --1-1- 1 4l2 Vi -1- 038 -1- 0 7 10 2 74 7 -- ----3-2- 2jb -12 -12 11 v 38 -7H -2134 -22 -- k. j Prod Labs Forest Resortlntl A 5 6J4 3 - He Off 34 Off 1 Off 3 Off 3 Off 1 Off Off 4 29 Off 28 Off 14 Off 1 Off 2 Off 14 Off 6 Off 3J4 Off 4 Off 4 Off Off 2 Off Oft 34 Oft Off Off 1 Oft 2 Off 25 0 24 0 22 9 22 21 4 18 2 18 2 17 0 16 3 15 2 14 14 7 14 5 14 4 14 3 14 NEW YORK (AP) The took a roller coaster nde this past week, soaring and plunging repeatedly but ending up close to w'here it started. Analysts called it a nervous, uncertain market, apparently-perplexeby a complicated international monetary picture There was continued anxiety as well about domestic economic inflation Investors were faced, said William Nelson of Moody's Investors Service, with a lot of questions and few answers " Jones average 30 industrial stocks bounced upward more than 12 points Monday, and swept a dizzying 21 60 higher in the first half hour of trading Tuesday in a euphoric response to news of the U.S dollar devaluation The Dow 3 0 13 8 132 0 13 0 13 0 12 9 12 9 13 OVER three successful SRAM 1200 VAN R Available in the Salt lake Area KenGarff FOR SALE OR RENT Oldsmobile LEASING HAVE YOU HEARD? of Then, amid apparent second thoughts about that development, it retreated to a small gain Tuesday plunged more than 16 points Wednesday and SEMI-TRAILE- launches over the White Sands missile range in New Mexico Most prominently, the output of the nation's mines and factories showed a strong gam in January, as did retail sales and housing around the country. And the Commerce Department forecast that most U S. industries would experience "higher levels of activities" during 1973, with sales gains expected in some 205 industries, or 97.6 percent of the total Except for the continuing rise ner trol. if inflation can be kept under con- The greatest impetus is continuing to come from the consumer sector, with the a wide array of public confidently buying and savings fattened of purses goods out (Copyright) m food Will Nixon Devaluation of Dollar Send U.S. Floating to Solvency? tariffs and quotas. doesn't This second devaluation mean that the Smithsonian Agreement was a gross error. No one could foretell that the December, 1971, realignment of currencies against the dollar would not do the job. Monetary experts felt it had President a good chance to succeed Nixon hailed it as "the most significant agreement m the history of the Continued from Page l And American young or unskilled exports have tended to be technologically sophisticated products computers, automatic controls, and so on Will demand for such items rise and will the United States be able to satisfy the quickly demand After all, computers aren't "price elasic in the sense that a 5 to 10 percent drop will boost demand. Moreover, foreign nations wont compliantly accept the consequences of devaluation. It imposes economic problems If effective, devaluation will reduce the physical quantity of goods sold to the United States, even though the dollar total remains the same or increases This implies that "export employment m foreign countries would contract. trade restraints F-- monetary world Then, month rfter month, the trade deficit widened. U.S. prosperity "invited" exuberance But economic imports. abroad diminished, this didn't help U S. exports Further, the higher price for marks, yen, francs, etc . didn't dampen for foreign the ardor of Americans travel. This will be resisted The United States is the laigest purchaser of products It accounts for 15 percent of world imports Foreign vendors are likely to try to hold on to American markets by cutting prices and profits At the same time, if American products compete more effectively abroad, foreign governments may be tempted to impose Events have now forced recognition tliai international instability is an inevitaof ble persistent U S. companion The balance-of-paments disequilibrium only remedy is mutual cooperation so that over time the surpluses and deficits of nations cancel out This is economic common sense othe-natio- v Dollar Crisis Throws Stock Market Into Tizzy "Inside tor s'oek market Friday 9 14 8 14 Goal Intold W hat the admimstra'ion's ultimate devaluation goal is has not been disclosed devaluBut, by the weekend, an over-al- l ation of 5 62 percent, on a basis, had been achieved against other currencies Since June, 1970, the dollar has been devalued by about 16'4 percent on the same basis. Stock Tables Rm-goe- n SAC veteran In this country, intensification of inflation may well be one serious aftermath, with prices rising on many important foreign products for both the American consumer and business and with the cost of much foreign travel now more expensive for this country's ambitious tourists the pnees, which has been exaggerating econoin the ovei-aprice performance been achieving my the United States has notable improvement in virtually every measure of economic progress. And indications are that the domestic economy manwill continue to expand in a healthy was almost universally appetizing. There were some rather tasty morsels in the industrial and consumer areas. toll was minor 81 .2 Million in Week Markets Liquid iitrtm 'm , , These two fourplex units at E. Lambourne Ae. (3140 South) were sold last week for $76,000. The pieces went on display at the International Jewelry and Gift Show in New York City. David L. Cox, president, said the new products repre- - nrfirlffnffi V yry!' Electronics Systems, Inc , Salt Lake City, will market four new personal timepieces that provide for a continuous electronic digital readout of the time of day in hours and minutes. fn 1B '4 fy&f wV Concern that the fifth severe monetary crisis in five years has expended its force, the nations that bore the brunt of the latest turmoil have begun to survey the wreckage, and few can say that the Now 334-4- 0 i l V' A IS.L. ' "' V "eyaMttfri? ' '&X4 ril ,fi j l it won t be a dollar crisis. Pierre-Pau- l Schweitzer, head of the International Monetary Fund, perceptively pointed out last week that the point has now been reached where the dollar is actually an undervalued currency. i , F-- 111 Patient Quite Dollar Crisis Storage, City Delivery, Long Haul Trailers Available. 24-f- t. Sentry Thrift Corp. in Salt Lake City, Utah has raised their interest rates on passbook savings and special certificates. through 40-f- t. lengths. STRICKC0RP. 521-61- 11 1 60S WEST NORTH TEMPLE SAIT LAKE C'TY STATE AT FIFTH SOUTH 328-32- 5 HAFERS INC. S continued to slip Thursday before a and early mild rally in the closing hours. The industrial average closed at 979.23, just .23 lower than the previous weeks close Volume on the New ork Stock Exchange fluctuated be25 32 miltween the frantic lion shares Tuesday and 13.33 million Frithe fngid witn both figures repday resenting 1973 extremes The week's total turnover of 85 25 million compared with 85 99 the week before. "When you get investors stepping back and forth from the sidelines you have these wide swings, Kelson said a month the inveshas had to swallow an armistice that accompanied a something hes nonvictory and a never had before second dollar devaluation in 14 months, which comes as another blow to his morale, said Robert Stovall of Reynolds Securities Thus, lie said, it was a market tuat "substituted emotion for logic The selling we saw was based on poor psychology ELECTRONIC TEST EQUIPMENT FOR LEASE reasonable rates. Sampling, TDR Oscillators, Most DVM'S, Counters, Scopes, Pulsers, Etc. and confusion The market chose to magnify every cautious news headline and to virtually ignore such things as the firming of the dollar, good earnings reports and positive programs out of Washington mm ffisnaa 910 CONTINENTAL BANK PHONE Mr.WAGSTAFF 278-642- 4 BLDG. 359-773- 7 Traders International Limited PUBLIC ANNOUNCEMENT This a is General Notice that Traders International is no longer associated with or n underwrites Commodity Options for Parker-Jackso- & Co. Doing business as American International Commodity Options, S.L.C. 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Salt Uke City, Utah 41 10 . 486-843- 6 fflARKETinG inVESTmEAT CORPORATIOA 501 East 17th South T Sait Lake City, Utah 84105 (801) 486-843- 6 7 I I |