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Show 8B -- Fencing Lakeside Review South, Wednesday, July 20, 1983 FINCINO-To- Prffessr ScsysJnflation. BUSINESS SERVICE chain link, financing available. Call for free .stimat., Roylanc Fence Co. 100 N, Main, Lay. 1 ton DIRECTORY AAay Mcoke . Prices may seem to be going down, but Dr. Dale R. Hawkins, a professor of finance at Weber State College, said that double digit inflation could be back within the year. Hawkins said, Prices bottomed out sometime in April 1983 and have since then been slowly climbing back up. Hawkins said that the government has reduced inflation and brought interest rates under control, but in a monetarist sense, the cure may be worse than the disease. Hawkins explained that the problem lies with the Federal Reserve Boards decision to increase the money supply in July of 1982. That move triggered a response in the stock market e that brought highs in stock market volume and prices because of a tremendously increased money supply, Hawall-tim- kins explained. He said, Money supply has been expanding at an unprecedented rate of 15 percent since July 1982. This explosive rate of money expansion cannot continue without sowing seeds for violent inflation. According to the Weber State professor the additional money supply means consumers are likely to spend more. That, in a Comebaek He pointed out that the those countries declare banal reserve board increases kruptcy, he said, it will start a money supply by buying U.S. domino effect that could close marketable bonds which allows many major U.S. banks and in-- , banks to make more loans. itiate a financial collapse. He noted that banking sysOn the international finantems are required to keep a cial level we are sitting on a keg certain percentage of the of dynamite. Only the thinnest amount they loan in a reserve amount of confidence keeps us required deposit with the feder- afloat, he said. al reserve. If the banking sysr The federal deficit is another tem were to loan $100,000 they critical area in the economy, would need $10,000 on deposit. If Hawkins said. He pointed out they had $11,000 on deposit, that in order to function with a however, the bank could simply deficit the government must create an additional $10,000. absorb savings which are Thus, with the stroke of a pen then not available for industry $10,000 is created, he said. or private needs. The net effect He noted that our monetary is a rise in interest rates and the system has become very comcurtailing of any economic plex in its organization and is growth. He noted that deficits have dependent on many variables, the real powder keg being been doubling every year since international finance. Reagan took office. If this Hawkins said that over 20 trend continues the absorption countries owe U.S. banks large of all savings, 100 percent of it, sums of money, but cant make could be required to finance the payments on their loans. If. deficit by 1985. - All Call Construction feder- 'Addition. Remodel, Deck. We Dp ft All, We Do It Right. CaN Now 6 HUGE LEVOLOR DISCOUNTS Guaranteed Lowed Pricei on All Window Covering! Our low overhead .mean unbeat-bl- e pricei. Shop by phone. Free Delivery, Meaiure and call.for ncec(teT479"-363-7 KIRKMAN CONSTRUCTION" custom residential framing contractors. Spec and pre-sol- d houses. Wood sidings, wood decks, custom Interior finish, remodeling and repairs. Free ' xPerince- 825m7446 BIOORST levoTor-bT- s7 COUNTS Our regular lei than off 50 price, other advertlied, Shop by Free pkone. delivery Ogden 479-303- 'ar Electrical Work Hobb SLc Cabinets Oak cabinet, formed or flat counter top, flooring. kitchen deiign and 9958d We ,n8' Mik' Ma'on 544' Ceiling dean iprayed or blown-o- Farm & Garden Plowing and Tilling n ceiling including glitter ceilings, Restore your ceilnas to their original beauty and prightneii. Call 7 Yard and Garden Tilling Del Kearl & Son 8 Lawrence Look Fencing Cement PIANO TUNING Professional tuning, repairs and restorations. Full service technician for all models nduding Ceramic Tile ASSOCIATED CERAMIC TILE Specialists, free estimates Daren Howard, Co. 1 773-029- 1 Michael players. Mann Music Services. Piano Tuning and Repair. Experienced Technician for all makes serving Brand and County and vicinity. Take care of your life time invest merits by BURTON tuning now. Call F WINTER AND SONS 5 Remodeling SANTERRA CONSTRUCTION AND DRYWALL Complete Remodeling Service, All fypes of remodeling and new construction. Large or Small. Free Estimates. Very Competitive Prices. Call Bob Mike 1 Steve Dennis Falk Comtruction, new construction, small commerical. All carpentry work, basements finished, addition, kitchens, decks, concrete and aluminum siding. remodeling, residential, WOOD FENCING Specializing in cedar fencing and restoration of oldweather damaged fences. Installation of your own materials available. Guaranteed A- -l Work. 10 years experience, also available chainlink fences. Contact Will tervicei available 7 after 4 pm, Piono Tuning "Electric Handyman" Repair! gat and electric dryers, electric stoves, lamps, light fixtures, vacuums, electric edgert, trimmers, air conditioners, swamp coolers, let me check It out. If I can't fix it, there's NoChargel Call now 6 LOCKSMITH Got a job to do? Call on someone who knows how! Blind Squeaky Claan Window or Locksmith s and Screen Cleaning Window quality wood or p Bannock Fence Anytime Roofing SMITH ROOFING CO Licensed Contractor All types of roofing Build-u- p and shingles 782-225- 6 392-953- Count On Classified For Fast Sales. 3 turn, will bring price increases much earlier in the business cycle. . He said, The price index of Industrial Raw Material, a very sensitive scale, is showing that prices have been rising very rapidly. Hawkins continued, Weve got to do something. We cant continue to expand at this rate. No way have we solved the problem of inflation. This could be a very short lived recovery. Bountiful Officials Reach Cable TV Agreement In exchange BOUNTIFUL y elecfor an exclusive tronic information handling (EIH) downstream channel and an EIH upstream channel, Bountiful City will allow two-wa- Wasatch Community TV, Inc. to place cable television facilities on or within the Citys easements and The City also anticipates entering into an agreement wherein the City will use its own personnel to install the cable. Wasatch Community TV will pay the City $1.20 per foot of conduit use. It is anticipated that the City will benefit to the tune of $200,000. y The communication capabilities of the cable TV system will be utilized for data acquisition in the primary areas of load management, remote metering, security, and other functions designated for health, ; welfare, and public safety. Mike Robinson of Wasatch : Community TV, Inc. said, We : have the financing available ; in fact, the money is in the bank. ..We can proceed as quickly as "the City is willing to gear up to provide the personnel. It is anticipated that installation of the underground cable will provide cable capabilities to the 15 percent of the city that is not currently covered by aerial cable lines. The City, with rights-of-wa- HaedilfomMini Now get cash in 2,000 locations across the country wherever you see this symbol . . . y. two-wa- mm rui n ; ; : -- -- current personnel, could install the underground cable within two years. If additional personnel were contracted to assist with the job, the time could be cut to one year. Eagle Given To Bountiful Junior High This past BOUNTIFUL school year was a special one for the students at Bountiful Junior High. Each year a gift is presented to the school by the Parent, Teacher and Student Association. This year under the direction Its HandiBank the new Plus System! The first true nationwide electronic banking automated teller service network. Easy-to-umachines let you make withdrawals, transfer funds, get a cash advance with your VISA Credit Card or check your account balance, day at over 2,000 convenient or night, in minutes locations nationwide! se , logo wherever you go! Your First Security VISA Credit, VISA banking or HandiBank card will provide access to the HandiBankPlus System Network. If you dont have an access card and Personal Identification Number for using HandiBank apply for one now! in 1976. ht in the Intermountain area than anyone! And the new Plus System links you to thousands of other Automated Teller Machines (ATMs) throughout the country. Just look for the Plus the sign of convenience System symbol recognized nationwide. Its easy to apply. Just ask the person at the new accounts desk to complete an application for an access card and Personal Identification Number for HandiBank and the Plus System. All you need is a First Security savings or checking account to get your card! then, wherever you go your hometown bank is as close as your access card! Preliminary work for this gift was begun in December of 1982, when an artist by the name of Dee Jorgenson, an alumnus of Bountiful Junior High, was asked to sculpt the Eagle. self-taug- Become a current HandiBanker and youll now have access to more automated teller machines Join HandiBank and the Plus System Network now Eagle. Jorgenson who resides in Kaysville, spent many hours researching, sculpturing, casting and painting the eagle. arJorgenson is a tist who began drawing early in his life, sketching and competing with his two older brothers. He became a professional artist . . . Just look for the HandiBank and Plus System schools mascot, the Bald ' .... ", If youre already a HandiBanker of Betty Woodall, president, PTSA was privileged to present to the school a sculpture of the ; More than twice the number of Intermountain locations than before! and FditsG: SecouirOEy DSaunCss , First Security Bank of Utah, N.A. Members FDIC First Security Bank of Idaho, N.A. First Security Bank of Rock Springs First Security State Bank |