Show r-- o-i ' 'y w m’w-m-- 't w-r- t "hr t--w trre vntr Ty Demands Up This Fall alt f ab g f limn BwSitwsS w Salt Lake City Utah — Sunday Morning — September 8 1963 Section C Page One For Melals By Aisoclated Pres NEW YORK Sept 7— Metal producers continue to watch the marketplace for new signs where prices can be expected to move THE SUMMER s e a s o n passed without the kind of slump that is usually expected and first fall at vacation-timdemand indications appear encouraging The metals industry has been the most conspicuous price booster this year with lead zinc and fabricated aluminum products all gaining e Cutaway sketch shows space simulation facility on which Idaho Falls firm Industrial Contractors Inc won a contract for work at Clear Lake Business Rockets Stock Market Pushes to Record High 'IF Firm Climbs High With Space Contracts By Carl £ Hayden Tribune Staff Writer IDAHO FALLS IDAHQr-- An Idaho Falls contracting company organized in 1951 with limited financing has just won a 10 million dollar space contract at Clear Lake Tex training center for astronauts THE PUMPS will pull a vacuum to simulate the weightlessness of outer space as well as heat to represent far out Intensity of the sun Before advancing further In the Apollo (moon shot) Program astronauts must train in the Clear Lake chambers one of which Is 117 feet high and 66 feet in diameter H W BEASLEY company president formerly of Washington DC and 0 J Hendrickson vice president who was born at Driggs only 80 miles northeast of Idaho Falls are In Texas Industrial Contractors has demonstrated its ability and progressiveness in smaller Utah Idaho and Nevada con- tracts -V" IN JUNE I960’ It completed Installation of equipment at the Atomic Energy Commission’s experimental breeder reactor on the desert west of Idaho Falls Service © New York Tlme THESE RISES have lifted zinc at 12 cents a pound for prime western grades In St Louis above recent average cents in levels Lead at 11 New York is still below the 1952-6average Aluminum Ingot remains unlow changed at a seven-yea- r (22 cents) and most hikes in fabricated prices have failed to restore last year’s cuts 2 NEW YORK Sept 7—Withvember 1961 on the test cell out any lengthy pause the ALUMINUM with the con“A" at Mercury Nev stock market continued its up- struction industry one 'of its And in June It finished a hill race this week pushing two biggest customers may run AEC contract on the of the popular averages to new into demand weakness this fall ' high pressure nuclear ramjet peaks- and winter test facility at Mercury however Lead and zinc WALL STREET’S mood was WORK ON the ramjet test to stand seasonal from gain ebullient as both the volatile facility embraced Installation s and Standard & factors auto production and of 26 miles of piping and a Poor’s stock indexes roared winter battery demand aiding furnace to heat ahead Jo historic highs and both two million pounds of the New York Times average diameter balls ONE industry spokes— - trailed close by T BUT Under a $750000 'contract "How high will It go?" asked man was quoted as warning with the H K Ferguson Co stock analysts Thursday against zinc price rises sayMr Beazley’s company is fab- many s industrial ing further increase might the after ricating and installing stainless component of 30 stocks had causerusers to switch to comsteel storage vessels for conpierced its 1961 closing record petitive materials such as plastaminated materials at the Ida-h- of tics and aluminum 73491 AEC site Copper orders continue satisTHE GUESSES ran over a at the steady price of factory wide range but some were 31 cents a pound August detempered by the observation liveries were believed to be that the boisterous upturn about 125000 tons up from might be muffled If the now July’s 113621 tons partly belagging railroad index does not cause of stockpiling against a join the parade or wave of possible rail strike last profit taking engulfs the mar- Aug 29 ' ket SILVER’S price rose slightA note of caution on another point was raised by one brok- ly closing the week at $1292 er who said: “A tax cut will per troy ounce - — - By Associated Press — be needed to sustain any furMajor metals prices: HOUSTON Sept 7— Crude ther rise” Copper 31 cents a pound deoil is being produced in the cents nomilivered Foreign 29 WHILE SOME of the aver- nal New York United States at a record rate are at new highs and conLEAD 11 cents a pound New A dally average in excess ages might go higher this York: 113 cents St Louis ceivably of 7J5 million barrels the first cents a pound East Zinc 12 buoyancy in the averages tends eight weeks of 1963 was well to cloak the fact that many in- St Louis 13 cents New York cents a pound Aluminum 22 above last year’s- record dividual stock prices and in- unalloyed Ingots delivered level beare still far dustry groups cents a pound ANTIMONY 36 A late August daily average low their historic peaks cased (less than carload lots) cents 32 on Bulk new York New After scaling heights of 7660000 barrels also was producer’s plant aver-agthe Thursday 3525-3- 6 65 cents a within striking distance of the extended its upturn on Magnesium pound pig tob Velasco Tex week a for and single high cents a Friday but then eased Ferromanganese 8 carload lots A healthy demand for' pe- closed at 73537 a net advance pound standard troleum products hi the' early of 605 points for the week tob shipping point NICKEL 79 cents a pound elecwinter - months - could - push It has now climbed more trolytic cathodes Port Colborne crude output to its highest than 200 points since the Ontario US382-8-duty Included level In history before the end market break In the an ounce Platinum spring Silver $1292 an ounce New of the year 1962 of York 11 pence London New York a Tin $115 LOUISIANA Is! pacing the In bearers Standard this QUICKSILVER pound $183-18a flask current upward trend having week's upturn accompanied by New York already broken Its own produc- heavy trading were again the (76 pounds) ore $8 a ton Tungsten tion record 11 times this year motors steels and electronics unit (20 pounds) duty extra Domestic production averages a record 7332000 barrels a day as demand for products increased four and three-tenth- s per cent The January-AugusBy Associated Press climb to 75 million barrels daily has kept pace with another 2 per cent increase in demand e one-inc- " Oil Producers Pump at Record Rate car-lo- ts Pow-Jone- s e 5 6 The Week in Business Crude output in the United States has exceeded the last August average of 7660000 barrels daily only once Up and Down the Slreet Probe Planned Loan League! Oil Treasury Bills Utahn Refund Record 18-Bloc- Industry Park k Balloons on West Side for 0 restored “banker’s Trust banking ‘ Co SINCE THAT DATE Wagner Bag has become a division of St Regis Paper Co one of the largest such firms in the nation and the ownership of the tract served by Denver & Rio Grande Western Railroad Co is vested in Keystone Insurance and Investment Co v The original developers of -- the tract-ar- e all important share holders of this firm along with banker Leland B Flint attorney Louis H Callister and others Keystone also controls Lockhart Corpj with its many financial affiliates a big stockholder in Zions First National Bank 180-acr- HOW DID THIS HAPPEN? Well that desire of the Wagner Bag Co to find a location for a new plant grew into consultation with the Denver & Rio Grande on what that railroad was going to do with the tract It was bought origi‘ nally to attract freight on the Rio Grande But- - its development had lagged Now there are some 15 modern structuresr-coveri- ng 150000 square feet Outside of a branch of ?ions First National Bank and a fire station all are served with trackage of the D&RGW one-hal- East-Wes- PRESENTLY LOCATED in the park area are the General Electric Co Supreme Bakers Mosaic Tile Co Acme Lime 'Co Huish Distributing Co H and S Building Supply Co Safeway Stores Inc warehouse Lynx Products Co Norton Inc California Ink Co Armstrong Supply— and St Regis Paper i Downtown 6 Sugar Housa 8:30 am to 6 pm (till 9 pm Mondgy downtown) Far from the normal 9 to 5 this hank’s accounting employees were working hours that stretched into the night A daily bookkeeping overload occasioned by an unusually rapid expansion was the cause- - Weariness went up Efficiency went down Overtime and the addition of temporary personnel was costly Worst of all these measures only met the problem they did not resolve it But electronic computing did like this The BMA data processing specialists recommended and installed an automated bookkeeping system complete with data preparation equipment BMA skilled technicians tested and trained bank personnel and effected a smooth transition from the old manual system Finally BMA’s own computing facilities dealt the coup de grace to this bank’s daily accounting overload Results? Slightly phenomenal No more over time” No more need- help'"'M'i3‘fe''ihTdr-matio- n now - available 'daily facilitated - tighter management controls Customer relations already good were made even better Costs were cut in daily despite an inrrease of more than 50 volume since the BMA automated demand deposit accounting system was installed Morale? Never better Efficiency? Never higher e for-extr- f “WE’RE GOING TO BE only about two and t minutes from downtown when the new Freeway is completed ”Mr Wagner adds Latest plant to be built Is that of Westco Products Co makers of bakery equipment and related bakery materials It’s a deal arranged by realtor A Kyle Bettilyon of Bettil-yon’- s ' Inc " 1 Movitz The family wholesale jewelers also has purchased a tract at the industrial park - year - NEW YORK — M L Dye WASHINGTON Sept 7— Salt Lake City Immediate past The House Banking Comof the United States will mittee president the investigate By Robert W Bernick 32 billion Loan League will record and Treasury’s Savings Tribune Business Editor dollars refunding operation be featured speaker at the anto see whether it tends to It took only five years to do it -nual convention of the New But in that period a “nominal Investment” by a few Salt raise interest rates generally York Savings and Loan League million dollar industrial park Chairman Wright Patman Lakers has grown to a $4 in Ottawa Canada Sept 17 ) on Salt Lake City’s west side said Saturday His subject: “The Challenge of It is "Wagner Industrial Park” PATMAN said he expects Change” named after I J (Izzy) Wagner and the Wagner family whose Ini- to call Undersecretary of the MR DYE IS president of tial location of a new plant for the Treasury Robert V Roosa First Federal Savings and Loan is in direct of the who charge Wagner Bag Co spurred developAssn Salt Lake City and a ment of an tract bounded refunding to testify at a member of the advisory counsometime after by 21st South on the north Mill hearing cil of the Federal Home Loan 23 Greek stream on the south 7th West Sept Bank board Washington DC on the east and 9th West on the west The early Incorporators were Mr Bernick Mr Wagner Roy W Simmons How BMA president of Lockhart Corp Salt Lake builder W P Harlin and Weston E Hamilton vice president Walker Bank and Hours ” to MR SIMMONS SAYS THAT sales of land long term leases and financing of construction all are part of services offered by Keystone But architectural control limits developments to distribution or light manufacturing operations not producing smoke excessive noise or odor So is the type of structure set back from street And tenants or owners must provide for adequate parking approved landscaping and minimum outdoor storage We're Biggest Because We're Betterl Special to The Tribune By Associated Press ' Production ranged from to a record 7818400 barrels a day In March 1957 the final month of a sharp upward swing prompted by efforts by the US industry to supply western Europe with oil during the Suez Canal emergency We're Not Better Becouso We're Biggest a' If you think BMA can help you" phone (collect) or write for further information A request on your business letterhead will bring you our monthly data processing newsletter the “BMA COMPILER” 328-472- 1 BMA Data Processing Inc 340 East Fourth South Salt Lake City ttNIUlTMtjsmtMS 0ESISN PK0C SIM MIN0 J B(nMTI0 Jtltl MOCUSIHCjcOK WM Puts Okeh On Loan for ARA IT S CLEARANCE SALE ganizers five years ago has grown Into a 4 million dollar site Park is served by Denver & Rio Grande Railroad Dow-Jone- 5 THE 2 MILLION dollar AEC contract Included Installation of a 20000 kilowatt high pressure turbine generator and a 200-tosuperstructure of steel It called for fabrication and installation " of heavy walls of special metals and for Installation of stainless steel piping THE CONTRACT also called for installation of all instrumentation systems for remote operation of the facility In August 1960 the Idaho Falls firm completed a contract on the Borax-- reactor In Idaho Special piping was fabrt cated and Installed instruments placed and other work accomplished UNDER A$l200 000 NASA-- ' AEC contract the company completed assignments in No Wagner Industrial Park nouth of 21st South along 8th West Is shown from the air Nominal Investment by or- - Dow-Jone- 1250-degre- INDUSTRIAL Contractors Inc will place lunar planes In the space chambers at the manned spacecraft center and Install a cryogenic (meaning Ice cold) system which involves liquid helium and nitrogen to simulate the surface of the moon and atmospheric cold Under its contract with the National Aeronautics and Space Administration the Idaho Falls company also will provide and ' place 26 diffusion pumps Tex TIME Firm in Sanpete COME IN NOW Tribune Washington Bureau FOR THE BEST DEAL PICK A YOU'LL EVER AT EITHER LOT SALESMAN-SH- OP AT BENNETT FORD 6th SOUTH AND MAIN Ken Clark Reed Johnston Ray Glaittli Glen Christensen Bob Kiser Ferris Timothy 1 SEE Keith Bennett Dee Roderick Art Shearer AT BENNETT TRUCKLAND SEE DOODLE PAD DESK Protect your desk with this handiest possible note pad 22 by 17 inches 75 with perforated gray cloth corners $220 sheets "Cec" Lloyd "Al" Ziska J ftt' 4d 9M Hstbr m Ore Shipments 3th SOUTH r AT 3rd WEST 406-017- 4 Pembroke' Offlco Y "THE PROJECT will add substantially to the economy of this area” said Sen Moss “it will provide the permanent type of industry that will most benefit Sanpete County' This project will help create 21 new jobs in the plant and some 100 jobs in logging trucking and associated services” - L 1 WASHINGTON—Sen Frank E Moss has announced Area Redevelopment Administration approved of a $79000 industrial loan to Sanpete Forest Products Co Ephraim to establish a sawmill and a plant to use sawmill waste for the production of charcoal MAKE ON A TRUCK Outfitters Write 14 I Brood way BUR6K- A- Fillrot Corp 102 tow of Helloysite day PARK CITY— United Park City Mines 20 05 tons Hecle Minin Co 220 tons BINGHAM— Kennecott Coppar Corp 101 cars daily average: US Ce S000 tana Smelting and Refmln D4 With Hydraulic Angle Dozer GOOD WORKING CONDITION $99500 ye have a big selection of bonded with rebuilt guaranteed ” at equipment dependa- bility prices terms you can “afford 7 7r and REBUILT equipment Cat and Caterpillar art Register ad Trademarks of the Caterpillar Tractor Co |