Show V IOC 4 "— 3 - - " ' f a The Salt Lake Tribnne Wednesday April 27 1955 BUSINESS BRIEFS the Office At GM Dealers m Julien Dedman 60 1 THAT HAPPENED SOEET CeABWELL-6UEER&mEi6- N£&! VOPNSBy WAS IN CUM&B OF THAT I'M 6HO XEP MOU KMaV HE DIDN'T TAKE OEH OP IT — Briefed on Firm Gains - im sembles — r in li HOCNSBY QUIT LAST AND HAS BEEN mm 6CAPCOOAT THE EOf? EVERYTHING THA'TS CONE WRONG SINCE- - JULElA E Frank Eardley Oakland director of traffic Pacific Express ' Co is relinquishing his position due to HERE AND THERE 111 health the company announced MrEardleyworked in the traffic department of ZCMI in Salt ' Lake City while still in school and subsequently was first Joint traffic manager for Garrett Freight Lines and InterSorvlea state Motor Lines in Salt Lake NEW YORK— Industrial deCity before Joining PIE ' mand for molybdenum In this country and abroad continues “Open New Office Waldo L Littlefield Co hear-in- better than expected Arthur M aid firm announced open- Bunker president of Climax ing of new offices on the same Molybdenum Co told the firm's floor of the Ilarver Building 43 E Broadway The new quar- annual meeting ters comprise nearly double the Mr Bunker said Increased space the firm previously oc- use of molybdenum in steel outside the US was gratifying cupied since European and other nations are far behind American President Returns Charles A Kimball president industry in use of this metal of Kimball Distributing Co In reply to a question as to has recently returned from a possibility of a Stock dividend management conference at Los Mr Bunker said “The subject Angeles attended by Servel ap- is not being very actively conpliance dealers from 10 western sidered” states He said 1933 model SerMr Bunker stated that Clivel refrigerators would be about max Molybdenum activity n (20 less than corresponding the search for uranium proper1934 models ties is being stepped up both directly and by its subsidiary Climax Uranium Co v-- ixmkr tf Inter-mounta- in Con waa - Vy a Finn Reports Continuing Molybdenum Demand like 1034 period Edward Staley president told the annual meet-in- g Dow-Jon- ti Profits were “slightly down” because of opening In the quar-te- n of 14 new stores Mr Staley said Sales the first quarter were about 69V4 million dollars vs $82400000 in the corresponding 1954 period Mr Staley reported five of the 14 new stores were units in shopping centers He said Grant plans to open a total of 32 such stores this year plus between 10 and 13 in downtown locations 4 park-and-sh- -- LOS ANGELES-Curr- dif- ent e ficulties in production of alumina at Filtrol Corp’s new Yprnon chemical plant here should be remedied by end of this year Myron A Bantrcll president said at the annual lie added the company Grant Sales Gaining' i ismeeting finding a “substantial” marNEW YORK— Sales of W ket for its alumina as quality Grant Co the first quarter of is gradually Improved It is the current fiscal year will be sold for use as a catalyst base about 11 per cent ahead of a and a desiccant ADDING MACHINES tUY OR RENT SCKaEYER'S Filtrol Improving Plant gel-typ- t typewriters 7JT South State nt Servlet ei JERSEY CITY of American Smelting & Refining Co for first quarter were equal to about $137 a common share K C Brownell president told the annual NJ-Earn- -ings 5 f N s i K X ' ! 1 J What’s the best place to save for Cowboys Indians and Space Cadets? Savings and Loan Insurance Corporation— an agency of the U S Government THREE— These Associations are local organizations They offer friendly helpful and con-venie- nt t And where’s the best place to build up your ? Right now 14 million Americans think the best place is air insured Savings and Loan Association! Here’s why I service ONE— You get excellent returns That’s because insured Savings and Loan Associations invest tnostpf their funds vin sound steadypaying home mortgages TWO—Your savings are safe— protected by good management and substantial reserves They are insured up to $10000 by the Federal tiucour SAIKrUVS team Kate Market Prices Hit Peaks In Slow Day New York that tool M iwhi jJi si i 26-Act- iv-Ity but -- forces retained command and prices advanced to new peaks of the upward movement Volume was 2720000 shares The advance was not especially broad for of the 1217 issues traded there were advances for 593 and losses for 387 while 235 closed unchanged MOST CLOSING prices were below the best levels of the day United States Steel erased its early gain of 1 and closed unchanged Youngstown Sheet and Tube dropped its 2 point gain losing a fraction Bethlehem kept 144 of a 3 point early gain Du Font made a new high and gained 544' Other sharp advances were made by Penn-Dixi- e Cement up 244 Alpha Portland up 34 International Business Machines Zenith up 6 to 428 the stock to pay expenses and fees Some of these he said — The give andExchangeCom-missio- 1 n is-n-ot Norge Introduces New Models To SJL Dealers arvtini profit-sharin- ROCHESTER Rf e m m a h Borg-Warn- p er g profit-sharin- O Tkit announetment it not nn offtr to toll or a tolicitalion of en off or to hujf thoto tteu rititt Tko offtring it made only by tht Protptetm APRIL 27 192S I23UI 2000000 Service NY — Sales quarter Thomas J Hargrkve chairman and Albert K Chapman president reported Tuesday Consolidated sales for the 12 weeks ended March 20 were $149174688 an increase of 13 per cent over $131898664 in a like period in 1934 - SIIARES Electronics investment Corporation and earnings of Eastman Kodak Co were highest ever for a first “There b very little actual building involved in this program" an AMC spokesman stated No new financing is planned for the expansion program The money will come from existing capital the spokesman said 22-45- g NEW n Sale Crackdown ck a CAPITAL STOCK fI PAR A MUTUAL INVISTM1NT YAIUl rUNB POX INVISTMZNT PARTICIPATION IN THI OP KLZCTRONICS APPLICATION PRICE tan lm n or ttaaea e al DZVZLOPMINT 8500 PER mom is moss TO INDUSTRY SHARE fully srr forth im thi Mespieruaf Copt of tko Protptetut may bt obtaintd from any of tkt ttvtral unitrwrittr only in Statu in which tueh undtrwriten art quaUftd to act at italtrt in ttcuritiu and in which tho Protptetut may legally dittributtd t William R Staats & Co Hayden Stone H M Cruttenden & Co Byllesby & Company Dem&sey-Tegel- Rotan Mosle & Co & Co er Brush Slocumb & Co Hooker & Fay & Co Davis Skaggs & Co: First of Michigan Corporation j McAndrew & Co Mewteiitn Reynolds & Co ' lMiwwm ' Inc Mitchum Jones & Templeton ' t The Marshall Company Shearson Hammill & Co ) J ' A Hoge & Cot 8 com-pany- s’ We Wish to Thank the Public D SHARES 3 for its Generous Support in Purchasing the Stock Issued by DIVIDEND SEMI- - ii I brMtiMot food ianatoMl in a dmrnfied tat OIMIOH t Oil EDSSI -- Trading of this issue will commence Thursday April 23 offwieg of eon-aw- n itockl (looted f iovestmoct and mmo pots kili Leg tr I bee copy of the bookM-pra- a pctui by noting tlaia adwtuonont to tW ar - M r4 COMPOUNDED ANNUALLY mu’i Tlmn Service NEW YORK April on the New York Stock Exremained relatively change bullish small Tuesday COMBINED PRODUCTION of Hudson and Nash cars in March and April Will be about 48600 or triple that of the like period a year ago Mr Romney " ’ said tion He said the 1933 Nash cars ALTHOUGH the company were only 50 per cent new tn gave no further details of its design while the Hudson series plans Informed sources said was completely changed It is American Motors Corp is ex- expected that some oft the 60 million dollars will go for body pected to develop its own V-engine changes for 1956 Nash models Most of the money is expected to go for this new engine and modernizing of the Wisconsin facilities Why not come in and open savings accounts for yourself and for your children today And if you need a home mortgage loan let’s talk about - themselves a profit— with may have followed the practice — little -- or - nothing - left - over for condemned by the SEC: Is planning a crack- digging uranium-bearin- g ore LYMAN L CROMER head down on uranium stock proof the Cromer Brokerage Co A Securities and Exchange motion and president of the Salt Lake Commission suggestion for It might require promoters Stock Exchange said he would rules the tightening' to refund stock purchasers their covering a rule requiring that welcome’ money If aU of an unregistered pale of unregistered uranium be held in escrow proceeds was stock issues stock issue sold greeted Tuesis completed until the sale a M as JL idea” “good day by THE COMMISSION it was Love director of the Utah Se“Such a policy" he said “is learned might change its rules curities brokers of Salt Lake only fair to the public We do not handle issues unless that is governing unregistered stock City issues to provide that money the policy” A major rule change under obtained from promotional consideration S Brothers head of Harrison reSEC a is by stock sales shall be placed in S Harrison Brothers & Co from returns that escrow until the entire issue is quirement stock sales be said he knew of no abuses inpromotional sold placed in escrow until the en- volving Incomplete sales but exSEC is known to be con- tire issue is sold pressed no opposition to the cerned about what happens to suggested rule change Mr Love said a few if any funds obtained from uranium Edward N Bagley manager stock sales when an issue is not companies registered with the of the Salt Lake City office of Utah commission had failed completely sold to complete the sale of of- the J A Hogle & Co said he was not aware of any companies THERE ARE indications that fered issues in JJtah that had not completed in some cases promoters of an the But he said the proposed a sale of their issues within unregistered stock issue get reasonable time would in his change opinion enough money from the sale of be a The active market for uranigood one He pointed out that the Utah commission now um stocks he pointed out has facilitated complete sale of the requires proceeds from promotions to go issues But with a large numinto escrow until the specified ber being brought out he capital is raised When the added the rule may be needed money has been raised it is re- in the future leased to the firm organized Introduction of three new re- to acquire or develop uranium APACHE M0TEI of M0AB frigerator lines and announce- claims ment of several new merchan- --Mr Love added that some UTAH’S FINISH dising plans for automatic companies had brought issues Pool mint C Swimming washers and ranges were high- out in other states because of Mb Salt laka lights Tuesday of quarterly the restrictions on promotional distribution of promeet- profits “pay-off- ’ f Impir Satvritiai Car motional stock and brokerage ing of Salt Lake area Norge dealers Meeting in Salt Lake Hardware auditorium 72 dealers heard the plans from J C Christiansen who presided and Bob Arnold San Francisco reWHOLESALE DISTRIBUTOR gional Norge manager Salt Lake Hardware Co Is far aatiaaally 4virtlta4 tamplat lia at area distributor for Norge Sales GAS HEATING EQUIPMENT a division of Corp CENTRAL HEATING FLOOR FURNACES During the meeting which also celebrated the' first WALL HEATERS SPACE HEATERS anniversary of the firm’s new CONDITIONING AIR distributor set-ubonuses were paid to dealTMi Nawipapar loit atply t Sax ers attending Securities nest-egg- And here’s another point: When you’re thinking of buying a home remember that insured Savings and Loan Associations make liberal loans They see to it that you get the money quickly— and at moderate talcs DC WASHINGTON lACSAID HUDtOD Dow-Jon- Servlet' KENOSHA WIS— A product development and modernization program has been launched by American Motors Corp George Romney president said Tuesday The program to be completed within the next 18 months includes new engine and production facilities in Kenosha as yell as “extensive” "tooling required to bring new auto and appliance models Into produc- v Of all the reasons for saving money— and there are hundreds— certainly none is bigger or more to take important than building up a nest-eg- g care of your children’s future Servlet Dow-Jon- ei At LAC DASH C U-Sto- Sales ‘Highest Ever’ Dow-Jon- ct l-- DOOGC CIWTHEI DC IOTO ITUDOAKta American Motors Plan Calls For Outlay of $60 Million i 8M SEC Plans Mracuw earnings 4 f " roan e first-quarte- r meeting He noted however that the results included nonrecurring profits equal to about 20 cents a share S D Strauss vice president in charge of metal sales said demand for lead and xinc both here and abroad is much Improved over a year ago t' OLMMOMX Jumped 14i Glenn L Martin was off 14i Ward fell 144 Montgomery New York Central erased a gain of nearly a point and closed V lower following its usual dividend Douglas slipped a point and Boeing was off 214 On lower AS&R Earnings n 1 SL DEALERS APPROVE MOVE ivies up 3 Aluminum up 27 Santa Fe selling up 3T International Paper up 344 United Aircraft and Chrysler up 1 up 2 Union Pacific up 1?4 Note Earnings Hike LOEWS INC led the mar- NEW YORK-Te- xas Co re- ket in volume with 44200 ported earnings of $58021212 shares and gained 44 to 2014 or $204 a share for first quar- Servel which made a new high ter vs $50848438 or $185 in a placed second with 39000 and like 1934 period to 944 United Fruit rose Executive Shows yrt DowJones— AP— UP—INS— New York Times ISS4 nrnovru procedure— the CTO Minds Markets! Business News or cam vnowtAm cumouiM rcwo multiple mining act which cleared up the conflict between uranium claims and gas and oil leases on the public domain When the Forest Service or other land agencies would take action in connection with any claim it would have to notify mining claimants through a notice in a newspaper having general circulation in the county in which the land Involved is situated In addition a copy of the notice must be personally delivered to or be mailed by registered mail to: each person found to be in possession or working on the lands involved to each person who has filed in the county recorder’s office a “suitable” request for such notice and by registered-ma- il to any person who is shown by a title search to have an interest In the lands Following such notices if a mining claimant files a state-mee asserting rights to the resources of a mining claim located on the lands involved a local hearing would be held to determine the validity of such rights If the decision ' upholds his asserted rights no similar proceeding would affect those rights If the decision Is adverse the claim would thereafter have the same status as claims hereafter (under the act) located with the government having the right prior to patent (of the claim) to manage and dispose of the timber and forage on the land Dow-Jon- ( bt Quartet Cm Pua-nq- m Output sur-fac- g TYPE17RITERS CAR OUTPUT TALLY Chevrolet again tope Ford: Plymouth regains 3d spot controversy over illegal mining claims on the national forest re- Y PIE Aide to Quit Dispute’s End Sought in Mining Act f By the Shift Boss As stated last week In this column the proposed legislation ft) put an end to the long r Approximately 123 civic and business leaders and General Motors dealers heard a report on GederalMotors progress In production and employe welfare Tuesdayduring a luncheon in Hotel Utah The program was presented by the General Motors Club of h Salt Lake City headed by A Q Howard president The meeting was featured by a brief address by Mr Howard and colored films providing backgr&und information on GM production and labor relationsf 1 P — ' CALVIN BULLOCK Estsklifhed 1994 OM WALL STRtrr ' v- - NEW TORC S Hi AMnte i SA 2680 South 20h East ' r Salt Lake City Utah Dial 7-15- 63 |