Show "rrr "rTfyrrxorYYinnnr irt"0"yrmry y rr rrnnr r"fnryyYirTvy t HI if limit gttin -- Stocks Slump C New York Tlmei Servlet AP —UPI — New York Times — Chicago Daily News —Chicago Tribune— New York News Today in Area Business change Tuesday seven western do manager of production control at Sperry Utah Co Secretary-treasurer Is R H Sheperd-so- n production control department Hercules Powder Co L Brown foreman of Carlyle stock control at production Car Firm Cuts Back Eimco Corp has been named president qf the ?(— SOUTH BEND Salt Lake Chap-- t Corp Tuesday announced American er a program elimiProduction and nating 2000 jobs in an effort to Control Inventory reduce the firm’a automotive Society division break-eve- n point He and other of- Heads Society announced Tues- day Mr a Thorpe native of Sait Lake City IND-Stude-- baker suc--c e e d s Vincent Ord who is re- n after service years with the 35 tiring -- retailing Mr Thorpe organization The new manager at Bounti- ficers pro-tewill be installed ful formerly operated the Lay-to- n at a 6:30 pm store for J C Penney & Co Thursday m e e of the group MR TIIORPE WAS a 7 Brown at Deseret Inn in the Air in Force pilot Eighth Bion- is Vice James president World War II and a graduate in - of of the Universitymarketing - B-1- Utah The Bountiful) store recently underwent interior modernization the firm reported Named Executive LARRY DECKER VICE PRESIDENT FOR traffic said e that for file first nine months of 1963 the carrier serving Utah California Nevada and Arizona recorded a cent increase in passenger revenues He and other officials spoke to a group of Salt Lake business and civic leaders at a luncheon at Hotel Utah local-servic- broker put it individual investors waited on the sidelines “confident but not flamboyantly so” as they watched for President Johnson’s next moves -" x MR DECKER ADDED THAT BOARDINGS at Salt Lake City were 19061 for all of 1962 but In the first nine months of this year they already had hit 16742 Arthur Taylor the line’s general counsel and secretary said earnings for 1963 including subsidy would hit between 90 and 95 cents a share compared with 65 cents a share in 1961 “I expect similar increases to prevail next year” he said n f In the absence of the public traders sold each other shares Prices moved crabwise all day At the close the tape revealed more declines than advances the first time this has happened in five days There were 482 advances 572 declines and 255 Issues unchanged FOR THE FIRST NINE MONTHS OF 1963 the earnings were 68 cents a share as against 64 cents a share for the like 1963 earnings were 20 cents a period last year Third-quartshare he said Mr Decker said Bonanza was first in development of singlesystem fares and youth fares contrary to claims of others in the local-servic- TRADING totaled 477 million shares compared with 452 A TOTAL OF 1737 hourly workers’ jobs and 325 salaried million on Monday There was more tax loss positions are being eliminated The program was announced by selling in depressed stocks and Byers A Burlingame new presi- 18 stocks hit their 1963 lows dent and chief executive officer There were 22 new 1963 highs of Studebaker New Jersey Finn Declared Bankrupt dent and organized and must be Crude troller refused NJ the dated testify time ft a f Ben Roteilo compto for planes Larry Decker left vice president traffic Bonanza Air Lines talks with James D Moyle Salt Lake City company director d e CHICAGO stock Hogs 11500 gilts opened 25 50 lower US No ‘ Expansion in Works SYLVAN WITH 20 million dollars in life insurance in force NEW YORK Socony-Mobexpects th complete the year Oil Co said Tuesday it would with $800000 in premium inspend 475 million dollars in capicome Mr Bacon said The firm tal expansions and exploration in 1964 - il Tuesday Thereupon the federal bankruptcy referee made the decision the firm was bankrupt rejecting a plea by attorneys for Allied that two more weeks be Later DeAngelis issued a statement asserting the company’s predicament was caused by a government cutback in “foreign aid” resulting in reallowed duced exports of vegetable oils In 1961 and 1962 THE REFEREE’S decision means the firm cannot be re- - He said this cutback was a result of the “arbitrary action taken by an officer of the US Department of Agriculture Raymond Ioanes chief of the forservice” A dividend of 30 cents a share eign agricultural —as against the WHEN ALLIED filed for represent quarterly rate— will be organization under bankruptcy paid Feb 19 to stockholders of laws this occasioned a money record Jan 29 crisis at Ira Haupt & Co which firm is now being liquidated IF THE SPLIT is approved Reinstated was J R Williston directors said they planned to & Beane Inc now merging with pay 15 cents quarterly Walston & Co Under the liquidation plan for Ira Haupt its customers receiving some of their funds Tuesday ' INCLUDED IS completion of a pipeline in which it has a majority interest and which will bring 160000 barrels a day of crude oil from Lybian fields to Mediterranean ports for world sales 1 Live- ANGELES Dec J —Livestock trading In Los Angelss srta feed lots' ARTESIA "Slaughter steers and hslfers poorly represented steady to weak cows open firm to 20 higher closed steady bulls steady feeders held for Wednesday auction load steers slaughter goof 1131 lb pert 20 00 smell lot standard 5 lb 19 0 50 helferi few head good 750 lb 20 00 cows utility Holstein 13 5 00 cutter 12 4 00 canner 11 2 00 1 bulls Holstein 20 00 21 00 200 Calves about slaughter prices steady most feeders held for Wednesday sale slaughter high standard and good 225 325 lb 24 4 00 utility to avaraga Asks Easier Loans - WASHINGTON Eugene P Foley chief of the Small Busi- standard lb 0 18 25 1 Mutual Funds 00d Wllty Tuesday’s Quotations woli New York (UPI) National Association of Securities Dealer! Inc Bid Asked Aberdn NEW YORK Dec 3 (AP)-W- ool tops Adv Fd 4 98 7 69 and wool futures wars hlghar Tuesday Affll Fd 8 07 1 73 Prices wtrs about unchanged at Au- Am Bus 4 03 4 37 stralian wool auctions with demand Am Grth actlvs Am Inv Wool futures dosed unchsnged to 4 Am Mut 9 40 10 49 cent higher Dec 151 0 Mar 149 4 Asso Fd of 1 54 1 49 May 1444B Jul 143 9B ) Oct 1430B Dec Atom Ph 4 79 5 23 OWTA — Wool Market 2B 142 Certificated wool spot 150 SN Wool topa futures closed hither Mar 114 0B Certificated spot wool tops 113 bid J ifa AxH A AxH B cant AxH St “A WORTHY applicant should not be turned away simply because he cannot offer an adeGreater Salt Lake Area Doug- quate amount of collateral prolas is planning a fifth store in vided the other credit aspects are satisfactory” Mr Foley Logan said BANK TRACY-COL- (prices by A large Cheese 41 J lbs sandwich horn 44 Buttor: 13 AA 44 large 7 scort 90 40 Cw Cw Bank Gearings Tuesday’s Quotations Monday's Bank Debits Same Day Last Year Tuesday's Clearings Same Day Last Year 50502774 00 840712197 00 33104400 47 (3142112571 BUILDING PERMITS Salt Lake City John Rasmussen carports 1517 W block house with two 1300 South 121000 NS LI Thoughtful Gift For the "Lady of the House" HER OWN JOHN vt 3 Processed Muenster 2 sot A OM 40- -2 -- 20 525 9 95 5 73 24 30 1 3 02 Puritan 1152 12 45 15 45 15 65 1775 17 75 12 64 13 84 13 42 14 48 16 54 18 08 18 07 18 07 7 95 8 71 11981313 11 74 11 9 19 10 15 91 16 4 24 4 8 68 9 15 20 Putnam Put Grth 0 79 7 10 Qtly DIs Resch In 10 95 Revere J2 38 Scud Can 14 27 Scud SC 18 68 Scud Stk 10 50 10 08 Sel Am Sh 74 04 07 69 30 16 41 9 61 7 76 11 97 13 44 14 67 18 68 10 50 10 90 11 11 12 14 14 66 15 99 8 50 9 19 15 05 16 4 40 25 43 00 38 43 38 43 32 80 32 80 12 12 13 10 7 62 8 31 9 64 10 54 12 08 13 20 4 44 4 85 5 14 5 62 10 71 1170 Boa Shs Am Swst Inv Sovr In State St Stein RF Stein Stk Sterl Inv Telev El Templtn Tex Fd TwnC G Twn Cl UBS Fd UNITED FUNDS: 15 07 16 49 Accu 12 44 13 81 Incom 9 86 10 61 Inti 7 04 749 Sclen Un F Cn 18 28 Val Line 7 41 110 Val Line 5 28 5 72 3 23 3 32 Val LSpI 5 34 5 86 Vangrd Walls In 9 74 10 64 Wsh Mut 10 69 11 68 Well Fd 14 23 15 51 West Ind 5 23 5 71 13 56 14 64 Whlthl 14 22 15 46 Wndsor BOO 174 Winfld 7 01 7 5 Wiscon loaf Cheddars 5 5 brick Single longhorns Swiss 75 bakers Red 3 75-- 4 River 00 Minnesota-Nort- h Valiev round 45 00-- 3 reds 25 low Colorado-Idaho Spanish large 3 00-- 3 25 white large 3 75-- 4 00 Colorado me3 75-- 4 00 reds Washington large 3 50-75 medium 2 50-- 3 25 llllnois-MIcYellow Globe mediums gen Wisconsin COMPANY ' t!TY UTAH dium 200-- 2 This telephone improves your most important channel of communication: the one to your customers I 8 Onions- - Arrivals 6 track 16 supplies moderete demand slow market dull Track teles: None reported Street tales Yel- tANKM TRUST 4 AW 50-- 3 Russets 3 pouaxs r 12 22 28 1 2 64 Nat Wst New Eng New Hor NY Caplt Neast IT NCE Sh Ona Wm Opph Penn Sq Peoples Phlla Fd Pine St Pioneer Price TR Provldt brick blocks 41VT-4- 5 Dakols to ' 9 (wheels) Grade A 52 55 Grade B 50 54 Swiss lb blocks) Grade A 49 52 0 Grade B 8 Grade C Butter end egg wholesale prices as reported by Chicago Mercantile Exchange Butter: Steady 93 score 57H 92 score 90 score 57 5744 89 score 56 carlots: 90 score 5744 9 score 57V4 Eggs: Steady to firm Whitt large extras 34 W mixed large extras 34 Vi mediums 28Vi standards 33 dlrtlt 29 checks 29 Potatoes' Total U S shipments 370 arrivals 78: track 257 supplies moderate demand slow market for Russets dull for round reds slightly weaker Track sales (100 lbs U S 1A unless otherwise slated) Idaho Russets 3 25 Minnesota-Nort- h Dakota Rad Rivar Valley round reds 1 75 2 05 Street sales Idaho Russets 3 85 4 10 bakers 4 25-- 4 50 Russets Washington T&PkOf-COUA- US S 75 10161109 Produce Market 40 lb A 4 3 DIs Inc K 1 Gth HGr SInc S 2 CHICAGO Dec J (UPI)— Produce: Live poultry Heavy hens 18 19 special fed White Rock fryart MV4-1roast daisies V 'Mi O LPr A&B CAD 23 24 heese- - COt 4 MOWXor KEYSTONE 24 50 25 50 Inv BMed B 2 23 31 25 43 5 79 4 29 9 07 9 84 4 14 452 Cwth Inc Cw Int Cw Inv Cw Stk Comp Bd Comp Fd Co cord Cons Inv Cont Gth Corp Ld 20 24 22 08 Crown W 4 44 7 28 deVgh M 43 34 43 98 Dela Fd 11 24 12 31 Dela Inc 10 14 11 10 Over Gr x9 0! 9 07 Dlvar In 1 87 972 Dlvld Sh DowTh In 5 05 5 44 18 55 20 14 Dreyfus Eatn Bl X12 34 13 35 Etn Stk X14 03 15 14 Elec Inv 4 97 5 43 22 38 22 38 Energy Equity Fed Grth 10 2511 21 Fid Cap 9 97 10 84 Fid Fund 17 07 18 45 Fid Trnd 14 73 18 18 Fid Mut 9 59 10 48 F IF 4 35 4 74 Fla Grth Fla Mut Fnd Mut Foursq F 111912 23 Fnk Bd Fnk Ut Fnk Com Fnk pf Fund Am Fnd Inv X101411 13 7 00 7 61 Gen Inv GROUP SEC 7 01 7 69 Aerosp Com St 13 04 14 28 Ful Ad 9 41 10 31 Grth Ind Guard Ham hda Imp Cap Imp Fd Inc Fd Inc Bost Incrp Inc Incrp Inv INSTIT (HRS: Found 11 03 12 05 Orth Incom 7 27 7 95 Int Resur 4 70 5 22 InvC Am 10 77 11 77 11 9313 04 Inv Bos INVEST GROUP Mut 115112 45 10 84 20 39 Stock 10 34 11 08 Select Var Pay 4 72 7 27 Intcn 6 24 4 79 Inv Res 13 37 14 61 an ' 42 2 22 Axe Scl 11191214 Blue Rid II 9213 03 Bnd Stk 4 82 5 27 Bot Fd 9 74 10 47 Broad St 141215 24 Bullock 13 44 14 73 7 81 8 54 Cellf Fd Can Gen 14 99 18 57 Cdn 16 Fd 48 18 05 loose down): Grade Cdn Grth 11 13 12 14 B 5 9 medium 11 59 12 70 Cep Ufa 40 lbs rlndlets block lost 43 W mild Long- Cnt Shr X151014 50 Chase Fd 6 45 7 27 scoro 72 92 scorg 70 Chem Fd 12 54 13 73 Colon En 12 29 13 43 Colon Fd 1129 12 34 Salt Lake County THE SUGAR House outlet of the optical chain is the fourth such operation in the 35 90 34 7 43 8 14 22 14 ON Hogs 25 not established Sheep: None CITY OF INDUSTRY: Slaughter cows fairly active fully steady Palmer's Builders two brick houses to strong other classes poorly tested with carports Ktwanaa Dr 22000 Slaughter cows high utility and commercial beef type 15 00 mosf utility dairy LaRoy P Dyson brick house with car bred 14 50 cutter 12 4 00 canner port 2044 E Robldoux Rd 30000 11 2 00 bulls utility Holstein 19 00 dward Jeter brick house with gaCalves 25 nominal lot high gnd choice S 20000 Ledgemont Dr 441 lb mixed steer and helfar feedars rage 4494 1 h r 24 00 Meridian Canstructlon a block houses with carports S Hogs 25 nominal 5450 West 430000 Sheep None B brick house with Filrbeurne Joseph OMAHA s Hogs 12000 2320 W 5400 South 22000 gilts and sows stsady to 25 hlghar garage two frame 190 250 lb Harvey O Dalton 0 lb sows S and 10 2 25 52000 Cattle 4500 calves SO steers stsady 3375 West heifers steady to strong cows strong to Jack Wills masonry business building 25 higher high choice and prim 1150 lb 4070 Highland Dr (1970 East) (24000 23 00 steers most cholco 21 2 25 A C Avery three masonry houses with high choice with end prime 1030 lb heifVista Village No 2 carports lots ers 22 25 choice 21 00 utility and 34000 commercial cows 12 4 25 two masonry houses Construction New Sheep 2800 wooled and shorn limbs strong to 25 hlghtr owes steady choice with carports 45354525 ( 2400 East 22000 with few prime 5 lb wooled lambs 19 75 house with choice with few prime Bushier masonry Kent J lb shorn lambs No 1 and fall shorn pelts garage 4097 Walmeg Way 20000 ness Administration said he favors establishing a more liberal policy for making loans of $15000 or less to firms Istel Fd Ins & Bk Jhnstn Dairy Market Eggs LOS started Douglas Optical Co has opened a new store in Salt Lake City at 21st S and 11th East it was announced Tuesday Dec Fairly active barrows and weak to 25 lower closed sows steady to 25 lower 5 lb barrows and gilts 14 5 00 250 need at 15 00 mixed No 190 230 lb 14 25 14 75 220 240 lb 13 75 14 25 lb 13 3 75 No 2 3 lb 12 50 13 00 No I 3 400 450 lb sows 1075- 11 25 No 2 3 450 400 lb 10 0 75 Cattle 2500 calves 40 Slaughter steers and halters moderately active steady bulls fully cows slow steady to weak load prime 1290 lb slaughter steady 0 steers 23 75 most choice lb 22 3 00 load high choice 1150 lb 23 25 load choice 1400 lb 21 00 good 0 lb 21 2 00 standard and low good 19 0 00 part load high choice 1000 lb heifers 22 00 other choice 1 75 good 20 25 utillb 21 ity and commercial cows 12 4 00 can-neand cutters 11 3 00 utility --and ’ commercial bulls 17 8 50 Fairly active slaughter Sheep 400 lambs about steady wooled slaughter ewes fully steady choice and prime lb wooled slaugnter lambs 20 50 00 good and choice 80 105 lb II 00 cull and utilutility and good 14 00 cull to good woolsd slaughity 12 ter ewes 4 second Optical Concern Adds to Stores JOHN D LINDSAY FORMER SALT LAKER who is vice president of advertising for the firm outlined the worldwide promotion the company’s Bonanzaland films have received Utah plays a major role in the color films which were shown at the meeting Livestock Markets liqui- Pan Am Doubles Stock Dividend - field e MR TAYLOR ANNOUNCED THAT BONANZA had offered merger with Pacific Airways on the basis of two shares of Bonanza stock for three of Pacific The offer expires Dec 31 He said Bonanza has refiled for Salt Lake-La-s Vegas service in the southern Rocky Mountain service case appeal and is “hopeful” of positive action by the Civil Aeronautics Board The company is placing two DC9s twin jets Into nonstop service to Phoenix in 1965 and has an option to acquire three more such Here and There in Business George M Condie has been By Aiaoclattd Pr named executive vice president Allied of AAA Auto Leasing Inc 836 NEWARK S Main it was Vegetable Oil and Refining Co announced Tues- whose inability to meet 18 million dollars in margin calls day Other principals brought on the liquidation of one ?in the firm are New York brokerage house and Russ Ballard and suspension of a second was deNate Wade clared bankrupt Tuesday The auto and TWO OFFICERS of Allied 'ruck leasing op-- I iration plans to Anthony DeAngelis its presi expand Into the of all Mr Condie types of equipment including furniture fixBy Aiaoclated Pre tures and machinery Mr Con-di- e NEW YORK Directors of said Pan American World Airways Lists Stock Split Tuesday boosted the common Fred J Bacon Jr president stock dividend by 50 per cent of the split Sylvan and recommended a Life Insurance Co Tuesday an- in shares effective next year nounced that stock THEY ALSO disclosed details split increasing outstanding shares of the company was now of a 60 million dollar offering of effective The split hikes the convertible debentures to Pan shares to 219245 outstanding he Am’s holders of common stock in January said Ilf t Bonanza Air Lines Inc Las Vegas Nev looks to 1964 to produce the same sort of increased traffic and revenues as 1963 is was reported Tuesday AS ONE Utahn to Manage J C Penney Store operates in Thorpe states has been named manager of the Bountiful store of JC Penney & Co it was Bonanza Aii Lines Sees Traffic Income Boost : Traders Step In NEW YORK Dec S- -It was a day of professional trading on the New York Stock Ex- Special to The Trlb'hi BOUNTIFUL— W Hal TVYVTrmnr y ryYxrnryrTnrrTvyvY yyy y y y 4 1963' Alines —Markets— -- Finance i y J K Ihe Salt Lake Tribune Wednesday December JMt f ak y 25 Cash Crain CHICAGO Dec 3 (AP) — Nd wheat oat or soybean sales Corn No 3 yellow 1 16 No 4 yellow 4 No 5 yellow 107W1 0 Soybean oil With Name and Address Printed Free Speakerphone lets you talk and listen without lifting the receiver It leaves both hands free to copy figures make notes or check records To get the Speakerphone story call our Business Office and ask for a Communications Consultant No obligation of course ' AHE & MOUNTAIN STATES TELEPHONE Member I iqhj ffflct o federal DAILY on your savings D YOUR DEPARTMENT-STOR- E OF TRUST company CONTINENTAL AGENCY COMPANY Insurance Corporation Deposit (toimifm-ifiv- INSURANCE D o 30 qqimihi i last 4th South DA Ml IT |