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Show ey: 12 Sunday Herald SUNDAY, JULY 2, 1967 Wien,County, ish ‘Talk of Tax Boo sts Have _ Negative Effect on Mart Zions Savings to Open; Manager Chosen ed Rod L.-Reppe, executive vice president of Zions Savings and Loan Association announced today the appantment of. Chalmers Bayless as branch manager for Zions Savings’ new office in Provo. The office, logated at—47 North University Avenue, is scheduled to open Wednesday, July 5. Mr. Bayless,.a native of San Diego, has an Calif., office of Central Federal Savings and Loan Association of San Diego. Prior to his joining the. savings and loan industry he was active for a numberof years.as_a_general building contractor in Southern California. He has been very actice in the Chula Vista, Calfornia Chamber of Commerce and Kiwanis Club. Mr. investors. ment, a two year course at the University of Washington. Johnson to Succeed Nelson at Reilly Tar The management of Reilly Tar and Chemical Corp. has an‘hounced the appointment of Ronald A, Johnson, of Spanish Fork, to the position of plant manager of the refinery at Tronton, effective July 1. Mr. Johnson has been employed yew g there since 1949, in the laboratory andas plant | chemist, more recently as assistant super- intendent, } Mr. Johnson will succeed Robert K, “Russ” | ORSON J. BROWN, center, president of Utah Safety Council, presents Award of Honor Nelson, who has been the plant manager the for safety, earned by Geneva Works, to two high company officials — George A. Jedpast 30 years, with a ttotal of “43 years at| enoff, right, outgoing general superintendent, and Ray Sundquist, left, who succeeds 4 Ironton having been there at the start of Mr. Jedenoff at the plant. The award recognized a new Geneva safety record of i—~ *) operations in 1924, Mr. Nelson is the last man)| 9,213,000 man hours worked without an injury keeping a man from his job during the | ; i , 360-dayPek injury-free ta period actively ee bates sae aan of) i ait pt‘ marie withtha | j | = Mr. Nelson es0 Reilly organization goes back nearly 50) | Utah | aecialsaleassignmentforReily| tar development, 2 =; Reid Bird, ~ roper 1es V | Li g ht | ° | ncrease in Valuation Pl ane Inde- visorstold = congressionst and in personalcum increases mittee pst ler wre a Crashes: tion's prosperity. : Marin td Ace hag Kill d Wall Street a. one-two punch. e Pyinetbinetees roperties «may result in mill} A stud leted tly | wile aeibhingr’ $0 (etirao |aeesion. fovyolectes in city, county owe vintageaie ie oe Mr. Johnson land school taxing districts. . Stein ein Heads Meads Utah Uta! Realty ty Examiner Board long k h C oil, gas ‘and public utilities have all of the figures.” -- a tral and Pennsylvania, possible |A $22-million increase in. tax|equalization meeting are still) CARSON CITY, Nev. (UPI)—|and lost again. Volume also devaluations on all Utah mining,/being held, so we still don’t|A light plane crashed ‘gutarday clined forthe fifth ccascitvel sepity eeeee a Position y Richard =wester- for ley. The chairman of the Presi-|expected a 27 per cent decline| above the level of a year eardent's Council of Economic Ad-| in first half earnings compared lier. Fa i : SALT LAKE CITY (UPI) —) Quinn said, “County board of| sretirement of Russell W. Olson, Springville, “who has been the plant foreman since 17 welle, Springville, and J. e May 15, 1967. Four ‘Announcement was also made of the © Springville. t aN nkoit al . I nIng a years, fo 1919, when he ae to ee the company at ‘Minneapolis, Minn, He will remain in off earlier, according to Dun & Martin called for a prompt,™erger partners, also gained. rise in income taxes to cool in-| Thursday was a black day. A | Bradstreet. flationary pressures. Since the) waveoflate trading handed the 1 Government economists also stock market thrives on infla-|market one of its broadest set- said the nation’s gross national tion—commonstocks serve as a/backs of the month. It was the product probably had grown by hedge against rising prices —| sharpest decline since June 5, the Martin. statement had a de-|when the brief war between Is- $10 billion during the second pressing effect on-the stock lists. jrael and the Arab states broke |1967 quarter, which meant the | businsss downturn which got unPrices had advanced on t he) Ut. stock market early Monday, and} Once again, Xerox wobbled derway last fall was ending later that day Martin delivered and fell—the dip was 10% points | Supporting Martin’s and Ackhis anti-inflation speech in Tole-|—and took many of the glamors \ley’s calls for anti - inflation do, Ohio, By the closing, de-| with it, Xerox even got on the |taxes was a report from the clines far outnumbered advanc-| most active list ‘With 120,200 government that the consumer es to give the market its most| shares being turned over, a rare |price index in May rose to a severe setback in three weeks. | event for the high-priced stock. new record, up 0.3 per cent On Tuesday, along came Ack-| Word from: Du Pont that it from April and 2.7 per cent Bayless i8 a recent graduate of the Savings and Loan Institute's School for Executive Develop: “he were Johnsons chief economic advis-| due soon, maynot be favorable pendence Day holiday weekend er—dipped his oar in the eco-| Once again the glamors were Advances outnumbered declines nomics pond later and similar) nit hard. Xerox tumbled 10%, reverberations echoed on th e|IBM 4% and Teledyne 3%2, Mc- overall but blue chips and rails floor of the stock exchanges. Graw Hill slipped 34. fell Martin and Ackley basically} One oright spot was Chicago Retail trade continued to imspoke the same piece and & North Western, which climbed prove, climbing 4 to 8 per cent it was not music to the ears of 6 in the rails. New York Cen- head of the same week a year He has been serving as an assistant vice president and branch manager of the Chula Vista, Mr. Bayless close, the list was mixed to year-ago results shook some The indecisive price patterns of the blue chips were attributed to continued un- On Friday the market flitted certainty over possible tax in creases, further signs of an up- in aimless ‘seesaw «fashion. and traders had among investors and traders.~ |ward move in interest rates Manyinvestors Another administration figure 4nd widespread feelings that packed their grips Thursday and —Gardner Ackley, President second quarter earnings reports outstanding record in the savings and loam industry and in community actvties. NEW YORK (UPI) — Federal Reserve Board Chairman Wil liam McChesney Martin Jr. influenced the stock market this week but failed to win friends; creased in valuation over last|were killed. roy " : ‘ by Mort Reed Boas See i ‘ Some of the wide swinging) Gold has’a tendency to vapor-|bullding formerly used to house jaan aes zeal oe’ me Rae ZA ee # the San liperire emi Tea A contained 5 ounces Rgnsom, Quinn, by increased $18.3 million. Manager Norman degrees, and (Commission chairmanState said Tax|year lastlutilities about Public) fiV€'sonora Aviation said Poteet witnesses| of/IBM 6% 6% and Corning Glass|9,000 San Frock ; whenbein the|andthe30.56 ounces of oa wasdiscovered ‘tage kell in Francisco. mint was being ee Wednesday, d d the Be tural gas valuations dropped rites - = seated ar ove sday; the ae zy ith moved to-a new site the direc-|during an investigation into the 4, Edwin Stein of Provo has been reappointed to the week that the reductions may|million dollars, and oil-and na- ~ = Utah Board of Real Estate Examiners for|come later, this year. a The new three-year term was beginning July 31.by-erty. | He noted state-assessed prop-|slightly, from the$50.8 million to = ae market € Seeveal state, mov-|for with tor ordered theft of 12,000 50-cent and reappointment announced tax valuations increased|$49.6 million, study indicateastea of theRe airport. eee The plane/leading indicators any of the the furnaces precioussearch-| metal} 8,000 quarters by fivepieces employes J. T. Elders, director of the Real Estate!this year from $479.5 million to ed: . was enroute from Hayward,|ing in narrow ranges At the fat could be recovered. Em-|last fall. z ~ ma Mr. Stein H Division of the Department of Business $501.6 million. He said that an-| ‘Thus*would be a wonderful Cats Say Lake Gly, Utah. Regulation. other $60 million increase may|opportunity for local taxing dis-| Poteet and the Federal AviaMr, Stein has served three terms on the be felt in county-assessed prop-|tricts to set their mill levies|tion Agency at Renoidentified) ‘examiners board, He was sworn in for erties if projections are i lower in Au-|the pilot as Willard N. Doudna, his new term Thursday and at that time ate. was unanimously chosen as chairman | gust,” Quinn said. Bank Slates Open House for Mrs. Bentley | Livestock Price Trends Dorothy M. Bentley, who is‘retiring after nearly 48 years of. service with the First Security Bank and the Knight] : a % x ‘Trust and Savings Bank, will be honored at an open house} Are Stead to Hi her = Thursday from to 6 p.m, y g a The event will be held at ithe First Se- Bes Outhentyveel eeeae ox mint the furnaces alone fire. not always the wane“ The Treasury D | theft ys newest problem in the U.S,| When Secretary of the Trea T Ik Betw TOIKS Between i reef aacacd Kennecott, ‘Air Statiga, : . Assay Office in San Francisco|sury F. 8. Spinner resigned i: will»nolbe solved tat easily. 1675 it was necessaryto inven- The passengerswere not im- Union Recessed |mediately identified. ; ing 314.047 ounces Saleae for on Th SALT LAKE CITY (UPI) —|&t $9,960.88 is missing from the|abrasion in handling the bars Poteet said they included a|Kermecott Copper Corp. and a|pile. This means that someone|fror weighing and counting re- man, @ teen-age boy and @lioint bargaining committee of| literally walked off with a brick/duced the total weight by 25 teen-age girl. the International Union of Mine,|it his lunch bucket weighing pounds. Poteet quoted witnesses as|Mill and Smelter workers has| Vet 26 pounds. The a theft in 30 years, curity Bank, with friends and business as-| Price trends were steady to higher. saying the plane rose slowly on|recessed negotiations until]. / ing to an article in| prior to latest » Was sociates invited. higher for all major classes of| Prices for bulls and vealers)takeoff, “useq a lot of runway /Tuesday. Coin World, the gold bar was| the theft of bag of valued Mrs. Bentley began Sept. 25, 1918, as secre-|,, 7 showed litt Dowdna! Kenneco' tt has been negotiaja-| Stolen on or about Feb. 14 from at $8,000 from the Philadelphia showed change, while and never got got high.” high tary to the late R. E. Allen, «manager of| livestock skate this.at Midwest week terminal| feeder cattlelittleprices were stady then lowered his landing gears|ting economic issues with the| te assay office located in the!mint in 1997, Knight Trust and Savings Bank. She. left) markets, nis : to strong at most markets. and began returning to the air-|two unions, now merged, for the . ~ ~ / prs epanagarer » = ~ the company for a short time after her| Slaughter steers and heifers In wholesale carlot trading, port when the crash occurred. marriage, but sry in 1923 and has re:'sold steady to 25 cents higher. steer and heifer beef was Poteet said the four-passenger | mained with the bank sinee; continuing with| ere steady to 75 cents steady to % cent a pound aircraft was heavily loaded. It First Security when it replaced Knight Trust| ONS ae at Peieka ee higher. Cow beef declined % to had refueled here and carried in 1932. » J “a lot of baggage,” he said, ‘one cent. She was made assistant manager in 1952, |they_were steady, to 25 cents Receipts of 171,000 cattle were The accident happened ,at Mrs. Bentley served as Utah Group Chairman of the) reported at 12 markets. At about 11:35 a.m. (MDT). ~ National Association of Bank Women in 1958-59, She worked Chicago the average price for Sheriff Robert Humphrey saw &s closing officer in the real estate department of the bank| choice slaughter steers aver- the crash through a window of from 1946 to the present. .aged $25.85 per. hundredweight. his house. She has been associated with the American Legion Aux-) “I was sitting in the house iliary and National Association of Retired Civil Employees. | Prices for barrows, gilts and having coffee and I heard a Her husband, Edward W. Bentley, died a-numberof years ago. sows were steady $1.00 plane with no power heading higher, although at Indianapolis overhead,” he said. “Then I X-Froyoan Now fig icial of Bani and East St. Louis some prices heard the power going on. It * Don W. Prows, former Provoan, has been| SALT LAKE CITY (UPI) — of re $1.25-§1.75 higher were probably stalled, and then I elevated. to executive vice president of the|City Commissioner Conrad B. reported. saw: it nose straight to the) Ogden Mutual Savings Bank in Portland. |Harrison charged Friday that The primary factor in the! ground,” Mr. Prows, son of the late Mr. and Mrs.| Jim Fisher, president of Local upturn was- a higher wholesale. | John W. Prows, previously~was vice presi |645, International Association pork trade, which waspartially | dent of the company. | f Firefight “distortiny the result of curtailed hog ‘A-graduate from the Institute of Bank.|°! Firefighters, was “distorting slaughter. ing at Brown University in Providence,| the facts concerning salaries for In the wholesale carlot meat R. 1, he started with Oregon Mutual’ 21/ firemen.” trade, pork loins advanced 6-9 > years ago when there were only five em- Salt Lake City firemen picket- cents a pound and Boston butts ployees. Today there are 50. He recently’ ed the City-County building 23 cents. “Mr. Prows was in charge of opening a new branch ‘Thursday while a public hearing Hog receipts at 12 markets at Eugene. { were 540,500. . The weekly A veteran of World War II, he married Beverly Bennett on the budget was being held. average price for barrows and| Harrison said the pickets and gilts at Chicago was $22.55 per| of Portland. They have twin boys. |Fisher’s comments were leading hundredweight. Business News Notes .. . {the public to believe their salaHoward .W. Hutchings, estimate assigner for Mountain ries were {oo low when they are States Telephone Company, is celebrating 25 years of service, He began his telephone career in 1942. A luncheon hon- getting over $10,000 added to} Harrison Says Union Distorts ELF ee ee Sor biek Facts on Wages past several months, Contracts covering some 9,600 employes in ‘Utah, Nevada, Arizona and New ‘Mexico were scheduled to expire midnight Friday, but union and management agreeq to a July 15 extension. 5 Kennecott subsequently offer-| ed extensions to all other labor lunions in its western mining division. Workers have agreed to remain on the job with varying extension provisions, IVAN’S DRUG 104 West Center + Ph. 373-2672 OPEN TODAY, $UN DAY 17:00 a.m. ‘ til 8:00 p.m, ‘for subcommittee andlocal issue discussions, “Move your money up to the highest earnings paid in Utah on ring him will be held at which he will receive an emblem|their salary budget for next Insured Savings .. commemorating heis years with firm . . . Utah’s insured! year. savings and loan associations Monday will introduce new! He said the pay raise would| rates in conformity with new regulations, of the Federal|», Home Loan Bank Board. Meantme, the associations have! just distributed over $8,060,000 in earnings to savers, an| . ‘all time dollar record, Under the néw regulations, in-\month for first-grade sured associations cannot pay more than 4.75 per cent on| Mayor J. By passbook savings. However, they have been granted author- Friday that the firemen made ity to issue savings certificates at an earning rate not to| serious. mist ALUABLE FREEcirts at Orem, has been selectel as a first quarter territory|mission and with the people.” ‘or add to a PASSBOOK SAVINGS ACCOUNT in the amount of $250 or when while Bitsoppy oats ‘Your Passbook Savings eam 414% pet year (current sate) exceed 5.25 per cent . . . Vaughn Clegg, Phillips 66 dealer |causé both with the Good Neighbor Program . For the 18th time, First Sec ty Corp. has received the Financial World magazine’s “Merit Award”\ in recognition of tre excellence of its 1966 annual report to shareholdres. es Buying A’ New a * PONTIAC e BUICK °G.M.C. Shop Our Prices Before You Buy! G & M MOTORCO. 570 NorthMA oe Fork COMPACT 20 inch UMBRELLA with handy leatherette St | whi 16” high = Fully adjustable Hi-intensity LAMP Comes equipped with eee ZIONS SAVINGS 125 SOUTH MAIN « 4901 SOUTH STATE + 47 NORTH UNIVERSITY MURRAY id ROVO RNG Cee |