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Show , Financ6'-o-Industry-o-- Oil 1 , Hercules Poi:Ito:ler Hits Ilecori In Sales, Earnings During '63 -- 11eret News Special crease of 4.8 per cent above WILMINCT011, DEL.Record year's $454,829,000. $kles- - and earnlngswere,4iik EarLingstifter-----taxeswe- re nounceci ,Thursday by Hercules $31,935,000, its19elly.,annual record report to stockholders. i last dends of 75 cents Again In NEW YORK (UPI) Possibilities of another seven million plus car year in 1964 which then would become the unprecedented per share in! were the same as in the preceding yearCapitaLexpendi, an increase of 2.2 tures dming 1963 amounted to1963 1 1 F11 vious high of 7,470,600 reached in 1955. Shows Effect What this has meant to steel G. Wayne Clark, 5855 Brenthas been said repeatedly. Latest wood D Wednesday afterconcrete illustration was the noon Was elected-lus- t president of the new Salt Lake U.S. Steel Corporation's statement of 1963 profits, which were Better Business Bureau. up $39 million over 1962; earnAuerA controller for the bach Co., Mr. Clark was ings per Share were $123 for elected at,,a noon meeting at 1963, $2.66 for 1963, and sales to the Alta Club, 100 E. South the auto industry were credited for part of the increase; typi, Temple. Herbert L. Price was presi- cal of those shown by most other dent pro tern of the former major producers for the year. Other metalS, and some plasBusiness Men's Alliance. Other officers thclude How- tics, have made inroads into ard A. Oliphant, - vice presi- - the use of steel in- - the nation's dent , W. Harold Dobson trees automobiles over a period of urerrand Hendrick Romeyn, years, but the automobile indus- New President - - 1144 capital improvement this year, the largest annual capital, out- , railroad in an American lay by 'recent years, it was announced . -- -,, -- - Donald J. Russell, president, Said the amount will be corn- bined with the accelerated 1963 program of about 1135 million, bringing the company:s two , i ... year ,capital expenditures ,- taxes, equivalent to of "compares qrqmon total with a share in a 12.09 stock. This of 155,170,705 1962.- -- ---- , 6,181 In Utah - i . i - , ' AppIFór , . - - -- FHA-mortgage- ' I s- . - flames IManager -- Utrlims filed 6,782 aAplications secretary-managetry still is steels largest cusConsisting of 192 member tomer. Took 21.5 Pet. firms, Better Business Bureau will maintain offices at Further, this source says, steel the Salt Lake Chamber, of comprises about Commerce headquarters, 207 of the total weight of the stand& Main St ard automobile. The bask' industry, whose leaders constandy emphasize the need for continual and ado tion to hold their position in comfurnishes galvanized petition, steel, alloy steel, stainless, steel 20 wireInto the finished automobile e when the auto is product , junked, the scrap steel goes back R into ultimate use VI Stabilizing Element? ' now is made wheth-WitA 20 Pet CettgrOwthn tin..sec.,. Conjecture é ' twO3e atlfse Tinian-alonti highest 'among all Utah above the 7 million mark, and savings and loan associations, year has been achieved during the the possibilityof past year by the Deseret Federal despite the loss of domestic auto production through Studebaker's Savings and Loan Assn. to produce from Can. This was reported to the asso- decision elation's annual meeting by ada, means that a new stabilizClarence 11. 'ringey, president ing element has entered the national economy. and manager. Although traffic problems In The firm's assets, Mr. Tingey . renn neu total more than- $26.8 major metropolitan centers have or million with reserves bf more built up with the rising use than $2 million. It serves ruore,, of automobiles, there are few inthan 16,000 rustomeri. deed who foresee any sudden or of The financial structure e decline in the Deseret Federal is sound, And even the future is very bright," Mr". use of the auto. These quarters admit that Tingey said. Elected to the boardof direc- even if use is maintained or even tors at the meeting were Joseph increased it does not necessarily demand will E. Kjar, chairman; George M. follow that new-cCannon, Mr. Tingey, Mark B, go with it year by year; an Garff, T. William Cockayne and economic decline,- - however Hugh B. Brown. Officers re- small, often is quickly reflected elected besides Mr. Kjar and at the consumer level by the Mr. Tingey were Mark B. Garff, desire to make the old car -- de vice president; Emerson -- L. for just one more year. Hardy, vice president and manager of the Provo branch; FlorMarkets in Brief ence E. Olsen, secretary; Ralph BY United Press International A. Barnes, treasurer; Harold W. Stocks lower in moderate trading. Bonds irregular. , assistant secretary, and U.S. government bonds easier in quiet Max A. Garrett, comptroller. trading. American stocks lower. three-quarte- , Wrrirrlefetal ii TABLOIDS' ,, lJnit, Q rresS - hand-in-han- Consumer Prices Rise Oil (N.J.) Tops Record 1 rental housing projects - NEW Y0131CStandard Oil Co. (New Jersey) reported rec with 389 units were insured for ord earnings of $1.015 billion or $6,0$,700 and two nursing home - World Airlines reported it turm insured ;672,were for pmjects into a 119.69 million profit last 300.' - for in $32,545,75G I . buses- - costing dustiiesclue.T a Greyboimd 100 new Motor- Coachln-- - l- tel At Continental CHICAGOGreyhound Corp. said it has ordered single-leve- The promotion of two bank officers was announced Wednes.. J. Sullivan, president day by-K- oftheContinentaLB - , . - Trust ' a nittmd Co. I Glen - assistant - ----L- : 0.0- I 4, ft your, , - JA-11.11All'- e -- , A ,:::, - - . 111110 r,i , , P-stn- t1",r1T,, ? 1 ' 1 f ItTJT7t.! I TA Vei 7,7 to4d Stit::::.- Setv'ol Ovett4. , IF :YOU SAVE Skillet $250.to $499 e i" , :::,::. t iJfl.r !..sq-ff-1) (tp 1M : . ' NW z bb "Zz:11; tttttttttttttt EleOrit:::: :Electrit bufft ::,:.::. :1:::.:::::!::::;:::,:' ,,, 'Penguin ke Buckefj ti9KP1015110.4V,:,,,,1 ::.:,::.:,:.:::: .;f)4 $500 to $999 IF YOU SAVE , 1 ST.r.11,.:;,.:;.:;:::;;;k,,.::,7: ;::;$g..,:,:;:,:k..,;::;;;SCt9PMel.n6.,v:.;:,::::e;;;;;:,,.:,......,;',.ip.:::::;,,,.1::,,r0i9: qtv cm ,,,.. .,.., APO' (ith.).44 ....,..,: :.4,:;...,,, --- ' az 11'14 Ivy .....g.,p4.,, Ji 11111 ' - :p Nsitt ,f '!k 11110, v Forfoble 5114 ,Autómotk Coffee Service Toostef4rolter Ettl9 - 7.141w.d0ro-fc- , :; ,: Stoinie Steel Cook Amos Set. - $1000 to $2499 SAVE 1 O. 44.411, (air;TIT? ' I WANTED REGISTERED PHARMACISTS SALT LAKE t , 44; 14'F4.7) ,Vtome ' .. ' ' --- -- ..:. .....:-. :' (,,,offet ' t 1 - ,' Lit-1141"..- " :. . - --- .. , ' Po. Pt ::::' ii3O,244,4:6 ;34.1p At.ttc,ma;;K ." 1 ) ": CPjt)...) epe- SAVINGS! 91 ... Coffee Forty , ..c9:Pck wScroltentseetst ::.. ,,,. 11 ::;:.: 10,1:Wt4r ,,:aAk,c $5000 and OVER .: -- Portable Etreciric Hand Muter '-'- ''''''''''' IF YOU SAVE DE KtSPECIALS: -6- ;: sst , - M: I ., .:: W,k'ndt; : , $2500 to $4999 IF YOU SAVE CITY Pp Up Toosiet 1 ' ' A6tornotic Suffet-Skitl- Top Company. High Wages. Good Benefits: Hospitalization, Christmas liberal vacs. bonus, lions. Write to Box Ills, v :: - 0 . ' GIFT T- Opdn a new accoullt or add to your present savings account in January and earn a special bonus gift item. Choose your gift from our fine selection of quality West Bend Kitchen appliances and accessories, according to the amount you place in your saytable below.) - ings account; (See-th- - Wool NEW YORK, Jan. 30 (UPI) tops futures on the New York Cotton opened unchanged Thursday Exchange to 13 points lower. Opening. prices follow: March (1984 182.5 bid; May 177.9 bid; Joh, 176.5 bid; Oct. 178.0 bid; Dec. 176.5 bid; March (1965) 175.4 bid; May 174.3 bid. Wool futures opened two to nine points lower. Opening prices follow: March (1964) 149.2; May 144.5; July 141.1 Oct. 141.5; Dec. 140.6 bid; March (1965) 139.5 bid; May 138.1 bid. take-hom- .., - , When you open your savings' account at Murray First-Thriyou may of course have your interest credited and compounded if the average balance in your account is - -to -MOO or more you May elect to receive an interest check mailedto you each quarter. ' W 001 E. Steffensen, former vice, president has been promoted to second Vice ' . , president. George E. Diener -- -- in- a year. We are saving at- a rate- - ofarouni bas been promoted -f-roirtiTrei, By SYLVIA -- PORTER, $30 billion, spending the balance. sistant cashier to assistant vice Tens of millions of you will have more . Our incomes will soar by billions president billions of dollars to spend in 1964,thart evermn ore personal due this year lo"wage and salary hikes,- - - Mr. Steffensen- - manages the before-a- nd you will spend most ofwhatyou increases in other sources of income bank's installment loan deparIn additron, the tax cuts, if they become ef- - ment. Mr. Diener presently is ..,,,' .' ,,, -' , get Row 't t.,. share fective March 1, will add another $8 billion or adapting the bank's procedures You'll spend f 4 . e of your income for travel within so to our 1964 4 ,.. pay. . to computer operation. - 4 ) , , itlas and air vacation trips, for edu- Assuming we follow the recent pattern, we'll , cation, for medical, dental and , about 93 cents of each after-ta- x dollar, ...spend , hospital care Jsave around 7 cents-a- nd the extra billions 'T7, a You'll shrinking spend - nnot ca our w.,. into . pour economy help but share of your ,income . ; - FANTASTIC , our growth . I ' ' mobiles, for food and clothing, industriesand services will Nearlyall for travel by rail, bus, the lift of our expanding spending, of cours- eYou'll earmark a bigger per- some will feel it much more than others Porter Sylvia centage of each spending dollar the variations will be of profound impor, and for interest on your debts, for gas and elec- - tance to individual companies. Even a shift ticity, for telephones and air conditioning of a fraction of a penny in our spending can , Amount to Drop motnt into tens of millions of dollars for an You'll earmark a smaller percentage of industry or service We'll almost surely spend an each dollamlortobacco, for- spectator sports, ord total of dollars on - automobiles, for the , for domestic help at home. auto sales year is here and . seven million-plu- s . Our spending patterns have been changing auto ,sales year is on the the eight million-plu- s War II; and as our - significantly since World way -- ' -4 011 -- QUARTERLY INTEREST OPTION bus-buildi- Your Motlgy's Worth . bumper-to-bu- Midwest stocks lower. London stocks higher. Cotton futures slightly higher. wheat closed Ire Grains in Chicago: lowen-co- rrr unchanged to off 34 cent; oats unchanged to V, cent lower; 331e to 2 rye off cenle; soybeans closed lower. W to 2tio cents a Greyhound - Orders 100 Buses 1963 compared with 1,782 mortgages - for 424,460,200 in 1962, Mr. Rom-ney said- .-- ly - - -2-El-evated T semi-annual- ar . , I Standisrd nt long-rang- applicalons for 264 nursing' , home beds- - were processed.- -WASHINGTONRunning contrarily to normal,- - consumer The FHA insured 3,284 home prices rose a little in December from November, the governmortgiges in 1963 for $48,676,- - ment index shows.-Th- e rise was"td 107.6 per cent of the 1957-450 ccmpared with 3,150 mort58 average from 107.4 per cent i n November. gages insured,for 45,806,800 in 1962.1 FiNe corn-pound- ed mper, wonlaroma, - .' ird cent. BUSINESSfil of 413 units-o- f rintal boos- ing, twolapplications of 114 mo- bile h m e court units, one cooperapplication for .a ative hbusing project and five , rs a tio In Gro th -- Mr.z-Rornn- - Pct o es eral information manager for sales by industries,. the report IdountAinStateTelephone in shows that paper accounted for Denver; Will become Utah traf- 16 per cent of the company's fic manager Feb. I. gross sales; plastics, '12 Per Mr. Lindblom is a native of cent; 'protective coatings, 11 per Sioux City, Iowa, and a gradu- cent; agricultural chemicals, Rate of ColOrado State University. per cent;- - rubber, 6 per-ce- nt; He begae his telephone career tnining and ' quarrying, 5- per in 1949 and has held various cent; synthetic fibers and petro- leum 4 per cent each; printing 'with Mountain assignments -, States- Telephone lit Texas- New iink, food and construction, 3 per Mexico and Colorado. For two cent each; adhesives, soap and years, lie was assigned to the detergents,- - - and miscellaneous traffic department of American chemicals, 2 per cent each, and and Telegraph in other uses accounted for 19 per Telephone Federal Housing Administration --Ai- ring 1963, according to L. C. ' Rotriney, state director. A total of 6,102 home mortgage applications was filed in 1962, Mr. Romney said, Total living units on tie applications were , 6,923 for 1963 and 6,217 in 1962. " Lastyeat 'rFHA processed two --- rental housing iippricationi-fowith 140 living units, one hous---ing for tte elderly application - with 234 living units and five nursing tome applications with New York. said. .427 beds, ' Duringthe previous year, for construe-tiapplications eight on I - Compounded Quarterly o or add-ttiew a account your present accounC$100, Open receive both the free gift of your clioice and or more and-yoa full 5 daily interest on your savings. Earn this full 5 interest on the daily balancein your acGount from the first day your money iereceived until Ihe date of with- drawal. Add or withdraw nytime - there is no need to wait for speciaLsavingsleriogs. And that interest is credited and - giving more interest on quarterly your savings. Per Annum product-improvemen- t Deseret Federal ' - gen- - LPLUS...LIINTEREST r. long-rang- , - operations." , At Mr. Thouron said that Mr. drumlin Mr. Lindblom noteworthy during the . year have been the continued high, volume of pine and paper MST&T chemical Sales;-- - krowth of agricultural chemicals; 'market ac- ceptance of polyPmpylene fiber for carpeting and apparel; com- Of mercial production of polypropy- lene film, and a..20 per cent in-crease in space and ilefense sales and fees which totaled ,- -- ' . $146 million,'"a level we expect P..T. Grindle has been ap-- to maintain in space and defense work in 1964." pointed to the newly created The Hercules said post Of Utah personnel manager. that "conscientiouspresidentf et orts for Mountain States Telephont. ithroughout, the company hi all Eric C. Aaberg,- vice president areas of cost reduction, coupled and general manager, made the with the high morale and efficiency of 24,000 Hercules peoannouncementThursday. ple, contributed greatly-toth- e veteran-Mr. Grindle, a success of the year's operations employe, began his career )tr despite price declines in many Denver in 1931 as a general product lines which averagea for clerk. Subsequent assignments- about 4per cent over-al- l included accounting results su- - commercial projects." Stockholders werefoldIntile, pervisor, revenue . supervisor, report that the e corn-methods accountant, chief toll pany program for a larger role supervisor andastaccounting man- by Herdules in international eight years markets continues to be mani- ager For the-phe has been Utah traffic man- tested by increased activities In in Salt export sales and ager with headquarters foreign opera- ' . Lake City. tin's Utah Personnel to about 1279 million. ' ', Southern Pacific also reported net income from aU operations for 1963 of 156,605,198 before - ,share Li 2 Ltek , Bureau Nath- es N, , about - In 1962 and 1963 the auto in, dustry passed the seven million new car sales mark. Some seC. Wayne Clark rious estimates are made that , bureau president the 1964 figure may go as high as 7,500,000, surpassing the pre- - ,, , f ToIREcovEyoua-LEREEGIEr- happy.' ,t- -' Capital Outlay 11017E YOUR caollEV 0011! ' OHLIt 11 DAY LEVI' 4 third biksales year in a row,a tracts the attention. om many economists and makes steel then - s, 1641 Looks Possible (Pared SS. To Eiliand 1964 Thursdayi-limparr'.30,- ., theintsvioUS VG , on comA. Thouron, Hercules 'year. Earnings Henry Net- - sales-an- d mon stock were $1.72 operating president, said in a letter, to of $476,462,000 were an in with $1.69 a share in 1962. Divi stockholders that "continued improvement in the general economy and a lessening in erosion ... of profit margins, evidenced by Increased earnings in the third and fourth quarters, are encouraging factors for the future. Al0.,,,, -though problems of overcapacity and price weakness remain, Her1 cules is in a strong position to SAIst FRANCISCO-0.N- D capitalize on the opportunities that indicate further gains in Southern Pacific Railroad plans most phases of the- - company's million:-O- - os Million-Aut- iti - lir....., , - 200 Sq. in. Automatic 1 P. 15 Automatic Bugfirt ElectricY Chef -- C1;.4""d SAVE BY MAIL ,-- - s - ,i,.....40 1 living ' - -- - As a most dramatic illustration we've never'" spent so manybilliona,of dollars for food, but the Percentage of each dollar we're allocating for food is way down from a decade ago . ' The reason is that our incomes have risen to,the point where we need not spend solarge a share of each dollar on this basic necessity of life.- We have more discretion over our and are using more of them to buy pennies . services, semi luxuries and luxuries. . , Picture Awesome - - dollars But the percentage of our after-ta- x going to automobile purchases is likely to Slip a hit, while the share going to other durable items is likely to rise slightly. We'll surely spend a peak total of dollars gn food, but the share of each dollar that food . . 11,.. 10 ctin Atui,iii,6' ' ' no will be Meanwhile, there interruption in the uptrend in our spending for services Right now services nre absorbing over S155 billion e of our pay, triple what we spend for all durable goods. Right now services are taking nearly 42 cents of each $1 in our pockets, agrainst less than 33 cents in the first years ' - , , . EXECUTIVE aftermistributed Hod Syndicate 1(Aa.pights Reserved) by The 1964 a . -, 4" t CONFERENCE DESK-72x- 1,0 - , , Ph's". Em 34416 '. FIRST 36" 016950 ; SINCI - , 1474 34 East first South 1 - - Inc.) s Tto 2 '111IRIF--T Co.. atld-Loa- " 6 c)- I MUILItAY t15950 - , 154 West 2nd Conti, , &tit Lake City I, Utah - 0 e v. el, .. III0,9 - - 4-014,--;;- D... ! w"Lnat-- . it4 1.r)54' 50 141 ', file drowse emd8" ovorhang id's and hatvr, . Made of genuino walnut and seloctod hard. II .. .. Fidelity bond Salt Lake City, Utah 7Edw. S1,000,000' EM L Vetter, Pres. ' Assots Over $3,400,000 lopervisod by tho Utah State liankini Commistiott - - . t 6 Available with 'typewriter compartment in We or right podium!. Gamine wo ninut 'alerted hardwood construction, with solid brass drawer pulls. ' '' - The Income picture- unfolding for,1961 is awesome . , Our after-ta- x personal incomes are now ap- proaching $403 billion, up more than $18 billion . SECRETARIAL.DESK-40x3- big-tick- , rzt DESK-60x3- Available with file drawer ht. right pedestal. 'mi. tures cylinder lock in center drawer controlling automatic locking device for all dimwits. take-hom- -- ' Send your Check or ononey order to Murray First Thrift now. The gift of your choice will be returned to you with your passbook imniediately. .. . . .... . 4 .&.m,AAA.m.a.,AAkAk , J. x -- -, ..4 c ; - , |