| Show v ynnnnnnrr v rrnrr rrr v ry y y v 4 11 Th® ’Tyrmnr jonrv1 r rrrrw Salt Lake Tribune Thursday December 5 1963 Today in Business Mines— Markets — Finance ‘Sell’ Freeport Idea Executive Says f iibunt altialvu Ynr ' AP — UP I —Nevr York Times — Chicago Daily News— Chicago Tribune—New York New Here and There in Business y By Associated ’res the brothers were far away BALTIMORE Dec 4 (AP- )- looking after other financial inAllan P Kirby took charge terests in their native Dallas — again Wednesday of Alleghany Fiber-Glas- s Corp recovering power lost 30 months ago in one of the counChicago Dally New Servlc try’s biggest proxy fights MUNICH GERMANY Dec 4 KIRBY eastern —A Czechoslovak factory has financier headed an unopposed turned out the world’s first accordlocomotives slate of 13 directors elected at to news official the agency ing ‘Alleghany’s long delayed 1903 Ceteka as reported by Radio - ' Engine fib- ' er-glass J stockholders meeting Free Europe He will bS installed Thursday BUILT AT TIIE former Skoda fas board chairman Works in Pilsen the engine will “IT IS MY sincere hope that start to operate on the state the destructive quarreling of the next year Another 21 railways I past Is "completely behind us” will be produced In 1964 ‘ he said It Is claimed that the engine In May 1961 Kirby lost a bit-- ’ weighs only half as much as ter struggle with the conventional locomotive It also Murchison brothers of Texas took only half as long to build for control of the vast railroad and investment company em To Consolidate pire ruled by Alleghany ST LOUIS MO Dec 4 (UPI) oil-ric- h BUT HE CLUNG stubbornly to the largest single block of stock and corporate affairs were deadlocked The Murchi-- j sons John D and Clint W Jr ' ' Industries Inc talking He spoke Wednesday with Gov George D Clyde Dilworth S Woolley head of Redman Van A Storage Co and chairman of the Salt Lake Chamber of Commerce’s “freeport committee” Russell and Kern Schumacher developers and owners of Freeport Center Inc Clearfield as well as other business civic and government leaders Financier Regains Alleghany Control : started relaxing their manage-- 1 ment hold—such as it was— in August of last year ’ when Wednesday off- they icially bowed out as directors The Texas A Missouri Pacific is a newly organized company and was incorporated in Dela ware Tuesday The Missouri Pacific now com trols the Texas A Pacific through ownership of 8286 per cent of its stock Stockholders Sue TULSA bank Dec 4 (AP) a national because it was OKLA — Stockholders closed of swamped with business filed suit Wednesday challenging a reorganization and sale under federal conservatorship “UTAH IS competing with the world In freeport competing within the distributive revolution which is affecting transportation warehousing and distribution of goods and products” Mr Lamb said “It will be upon the skill of the people of the state to sell Edward Lamb left confers with Gov George D Clyde on the this important concept to busiproblems of “freeport” use and urged use of trained workmen ness elsewhere in the United States Why should business pick Utah and the greater Salt Lake area for its distribution centers serving the western states— ' j over say El Paso or St Louis Mo?” he asked ATTORNEY S Paul Hazen a director and stockholder la the original Southern Hills National Bank filed the suit in State District Court for himself and about 300 other stockholders The suit asks that sale of the bank’s assets under a federally-appointe—Directors of the Missouri Paconservator be set © New York Time Service cific Railroad Wednesday ap- aside on grounds the sale NEW YORK Dec consolidation for a was obtained under plan agreement proved c and the Texas A duress of the prices rose Wednesday as Invesinto Texas the tors took note of prospects for a Pacific Railway THE SUIT ALSO asks apA Missouri Pacific Railroad reduction in income taxes early pointment of a receiver for the next year THE TAP BOARD approved bank and award of any damTHE MARKET opened the plan Tuesday it was an- ages the original stockholders nounced New York Stock Exchange might have suffered in the sale ‘Word’ on Tax Cut Chances Boosts Sluggish Market 1 d 4-- Stock Mo-Pa- Performance champions from Riverside Daytona to i “INCREASE the skills of workers become more comprices remained depressed until petitive” said-MLamb after the noon “Technology is advancing at a rallied in rate these days that it is beafter President Lyndon B Johncoming a question of whether son received assurances from man is controlling the technology Sen Republican Everett M or the technology man Some 80 Dirksen of Illinois that the Sencent of the scientists de- per ate will approve the jtax measure early next year tax cuts retroactive to Jan 1 1964 hour--Price- General Telephone rode high on several market letter The Issue closed at Vincent A Gilhool president of Citizens Finance Co and Citd izens Loan Co East St 140-2n- 3114 up 1963 high industrial and after trading at its ’ small loan comof 31 panies ' respec Liggett A Myers a strong toannounced bacco issue in an Irregular tively sale' of the firms 4 closed group at 73 up to 1 Wednesday Credit shares compared with 1330-00- 0 shares yesterday There were 258 advances an equal number of declines and 208 issues unchanged On the market banks and insurance issues were quiet and steady INDUSTRIALS were moderately active and a little higher - V " “ 1 - V WWi - V & Ai Jt- v V iW' t durability champion The new Comet is one of the hottest toughest cars in America today This is not just a claim It’s a statement of fact At Daytona Florida a team of ’64 Comets specially equipped and prepared each travelled 100000 miles each at over 105 miles per hour It was the toughest test of stamina and staying power a new car ever faced Each Comet was driven day and night for approximately 950 hours For the lead car only 6 hours were spent in pit stops for such items as maintenance and driver changes forhigh-speecfdtivin- Promote Manager Special to The Tribune DALLAS TEX— J F Ogden former district manager here for- - Westinghouse Appliance Sales has been promoted to southwest regional manger of the firm at Dallas MR OGDEN was recently succeeded at Salt Lake City by John P Adams Mr Ogden is a graduate of University of Utah and has done graduate work at Harvard University and University of California - Banker to Speak Howard Robinson cashier of the Bank pf American Fork will discuss procedures in opening of new accounts at the Monday 6 pm dinner meeting of Utah Conference of the Association for Bank Audit and Control Lamb’s Grill Cafe 169 S Main fect example of what I mean Instead of prattling slogans on ‘free enterprise’ businessmen should determine who is going to be the survivor And that will be the one with tower costs employs fewer human hands” Mr Lamb said THIS WEEK he meets in Salt Lake City with dealers for White Products division of Lamb Industries of which Walter R Bills Salt Lake City is regional manager and with an area group of Seiberling Rubber Co employes He then travels to Beverly Hills to chairman the “Convocation for Study of Democratic Institutions” at which US Supreme Court Justice William O Douglas Secretary of Agriculture Orv 11161 Freeman and former FCC Chairman Newton Minow will appear “ Joins Monsanto Fred C Fushimi Salt Lake City a holder of doctor pf philosophy degree in chemistry from University of Utah has joined Monsanto Chemical fo as a senior research chemist it was announced Wednesday MR FUSHIMI will be with the Mound Laboratory operated for the Atomic Energy Commission at Miamisburg by Monsanto Ohio Declare Dividend Directors of John Wiley A Sons publishers of - scientific Falls SD and a graduate in textbooks with western distribufrom Unaccounting Creighton tion facilities at Salt Lake City iversity Omaha Neb He was with the US Department of have declared a semiannual diJustice when he located in Salt vidend of 15 cents a share payable Dec 18 to shareholders of Lake City in 1929 record Dec 4 David A Waldinger Des Moines president of Cash Credit Aide Transferred Corp said the firm would lease Special to The Tribune from Mr Gilhool James Burke who haw held OGDEN— Robert F Campbell vice president and manager here managerial roles in the industrial loan field in Utah for 15 for P I Steel Corp has been years was named Cash Credit transferred to Los Angeles home offices of the firm In his new manager here assignment he will he over THE CASH Credit organizaof both the Ogden management tion also announced plans to and Los Angeles steel making open another office at 3240 S facilities of the concern State St upon completion of NAMED PLANT manager for acquisition of Western Loan Co an affiliate of Western States P I Steel at Ogden was asThrift Co Salt Lake City sistant manager J F Vollmerf quarters Consideration was not disclosed Mr Gilhool estab- lished the com- - MrGilhool panies about 12 years ago He continues as head of Theaters Inc- - with moving picture theaters in Payson Orem and Springville- Huish-Gil-ho- HE IS A NATIVE OF Sioux h? ' i 100000-mil- 'COMET-worl- d’s 7 J lUSrtW - r? v lksXvfcW& and businessman “It will be necessary to retire or pension off the incompetent in terms of the technological revolution Perhaps they can get into the recrea-tio- n industry" he suggested the answer is not “Anyway towering working hours Jbut of upgrading the skills of those working” he said Iowans Buy Loan Firms VOLUME ON THE American Cash D e Stock Exchange totaled 1370-00- 0 Co r p Moines Iowa - - — jiTf !!I feel I’m much more en- - veloped in numbers In human I “EDUCATION standards must thusiastle about Utah than some history are living today— making be improved facilities ex- of its natives are who may be contributions” he said panded skills and technical too close to things to see great “WORKERS of the future will levels of the entire populktion inpossibilities” not be laborers but thinkers In creased autoThe mechanization THIS IS Edward Lamb Tole- creased mechanization and autodo Ohio chairman of Seiberllng mation will displace the worker mation and computer - conRubber Co and head of Lamb as we know him” said the attor-ne- trolled warehouse is the per- g MERCURY— proved performanca champion of the medium price held Wherever the big cars run it’s the hefty husky Mercury that takes over Eleven times in eight months and specially equipped like their field topped aH comers in the medium-pric-- in open in events from Pikes Peak to Rivercompetition side The same basic engineering excellence that has helped establish both Comet and Mercury as performance champions is yours in every new Comet and Mercury See for yourself at your Mercury dealer's 1612 SOUTH MAIN ST BOOOTSFUL (5 POINT SHOPPING CENTER) Mercurys-modif- ied Boys' OXFORDS e v y L’ A v 1! 4 Ladies' Fleece-line- d Men's Dress HOUSE SLIPPERS sze a: ' x JOHNSON 951 E 21 it 1 T0 Wellington 10 'k 4 at n27 Mercury 4 MOTOR SOUTH SAIT CO LAKE INC CITY UTAH 633 SOUTH LAKE MOTORS MAIN SAIT LAKE fc! fe u m BOUNTIFUL MOTOR SALES INC 6580 SO US HIGHWAY 91 BOUNTIFUL UTAH LINCOLN-MERCUR- DIVISION ' CITY UTAH THESE SPECIALS AVAILABLE SALT LAKE CITY: 75 E AT ALL OF THESE KARL'S BROADWAY BOUNTIFUL: 1612 SO MAIN 1 1197 SIMPSON AVE KEARNS: '4075 W STORES SUGAR HOUSE 5415 SOUTH MOTOR COMPANY x |
