OCR Text |
Show Stocks in Modest Rally Market | Quotations Following Sharp Decline | YORK (UPI} bleak, however, as steel produc —The mounting tensions for a while Stock Market got # much/and concentrated on bargain tion rose to another record level and auto sales for the first needed breather this holiday bunting. showed 4) SALT LAKE STOCK EXCHANGE shortened week as investors Traders sold last week despite third of Februai Bic Asked mounted a modest rally in the encouraging economic vnews sizeable increase. mm 68 wake of rtcents harp declines, This week they bought in the Motors chairman James Roche Sm Je Said the auto industry is in aj auiion Exp ” But the news picture showed face of some disrral news ten Ss 2 no signs of clearing and prices) The administraton pressed profits squeeze 1) 10 began to ease again toward hard for passage of President Of the 1,666 issues crossing ye tm week's end. Johnson's proposed tax hike. the tape, 808 declined, 660 ad. TT 2 Trading continued heavy and'saying the economy is in grave vanced and 145 remained unN.Y. Stock Exchange governors| danger because of inflationary changed. There were 125 issues (2,60 joo gH tumbling to new 1967-68 lows|<omeCoal ee decided Thursday to extend the pressures. | cam*'akTune! ay ew 3. p.m., closings indefinitely. fhe Federal Reserve Board Chair- and only 28 new highs set, a eee exchangefirst cut the trading man William McChesney Martin The United Press International) tres, Eee “ 4 day by 90 minutes on Jan. 22)hinted that -rore economic con- Stock Market Indicator lost 0.42| crown Point _ gal to help brokerage houses catch trols may b. necessary while to 110.37 while the New York OregonCons a & oe with the huge backlog of President Johnson and Treasury Stock Exchang: Index dipped Emeire Minas stemming from Secretary Henry Fowler each) 0.01 to 50.21 Eureka Bullion ‘ Boos not to exceed twenty (20) years from the date of said bonds, be issued and sold for the purpose of defraying the cost of constructing and acquiring a city center to consist of a public building to house administrative offices, ¢ council room, city court facilities, city police depart- ment, « library ond other related city functions, including all necessary appurtenant equip- ment and furnishings therefor for said city? 4 ae) eco 2 » | - ae | 1S = 200 IBM Vice Presidsnt to Address Meet WASHINGTON (UPI) — The Department of Health, EducaCharles E. McKittrick Jr., vice president of IBM,will be} tion and Welfare (HEW) said featured speaker at the Feb. 19 meeting of the Salt Lake Area Saturday all 50 states shared during 1967 in surplus properChapter of the National Association of Accountants. His speech will be, “New Dimensions in Data Processing.” ty it made available for educa-| All County members are invited to attend the meeting, tion, public health and Civil| élated at 7 p.m. at Holiday Inn, 230 W. 600 S., Salt Lake City. Defense. Mr, McKittrick directs IBM’s marketing activities in the In a reportreleased Saturday wwestern United States from the company’s regional head- covering the last six months of the year, HEW Undersecretary quarters in Los Angeles. Wilbur J. Cohen said the feder-| al government received $177,Mountain Fuel Posts New Dividend 975,451 for the property, Directors of Mountain Fuel Supply Company declared a He said real property accountquarterly dividend of 42 cents a share on the Company’s capi- ed for $66,944,356 and personal property totaled $111,031,085. tal stock at a meeting Tuesday in Salt Lake City. This is equivalent to an annual dividend of $1.68 a share, ‘The current dividend is payable March 18 to shareholders Kennecott Copper of record on March 1, It is the 98rd consecutive dividend the Announces Dividend Company has paid since it was organized in 1935. 4] size sal am sal i | O Against The Issuance of Bonds O ee . 2 “ns 725 78 To vote in favor of the above bond issue place a cross (X) in the square after the words “For the issuance of bonds.” To vote against said issue, place a 40 cross (X) in the square after the words “Against the issuance of bonds.” ANNE COOPER, BOND ELECTION Empire Mines, Memmotn Ov FEBRUARY 20, 1968 norm Park bret qi at 825 Twentieth Century, 100 at 1.15 MUTUAL FUNDS io ot gd sae 395 NEW YORK (UPI)—Kenne-|Fieity ey hates oSelie Manhattan Fund 25.| “#5 Of interest to Utah County members is the coming visit of per share payable on March Charles H. Hawkins, vice president of the National Association ‘The company said the divi-| pamI ar” dend would fo mi, Snider Sener ‘ aman ‘of Accountants Portland, Ore., at the technical meeting| Winder the Salt Lake area chapter Feb. 19. He will represent the of record Feb. of directors of the association at the meeting. While in Salt Lake City, he will consult with the local Don Lowe Selected of directors for the chapter and review the operating and activities of the chapter. 1 J. Evans, president of the chapter, said that his discussions with board members “will help them in developing] Abe highest degree of service to members.” To be covered are: ‘Buch areas as technical programs, community service projects, Plant visits, membersnip acquisition, membership retention, nir VOTING PLACES FOR OREM CITY CENTER cons Eurek ° Orem City Recordei 59 SALT LAKE STOCK a SALES ‘cott Corp. Friday announced a|f NAA Vice President to Visit Chapter a v4 “an a wn a Windsor School a =) 19.6 BYU Students to Honor Merchant Each 2 Weeks and authorship. Don Lowe, manager of Kress, has been selected by BYU stu-| Sugar Factory Achieves Good Record dents as the first Provo mer-| chant to be honored in their The sugar factory at Garland has sliced the last beets new students-merchant relations Ford T. Scalley, manager for the North Utah District of ‘Utah-Idaho Sugar Company, said approximaiely 82,400,000 pounds of pure white sugar were produced during the operating ‘season that began last October. This is lower than the 90,100,000 thatsetar. all-time record for the factory two years ago it higher than the 75,000,000 pounds of last year, which was third highest at the time. Second highest production of 88,300,000 Pounds, was in 1963-1964. merchants by acquainting students with the various fie men of the community. pie be continued Grain Market Seoy oieeekme) cicado (PT) — Wheat, dent Relations Office, eoRM = weeks corn and oats were mixed, ry The merchant (ooths store) oes higher and BS will be Publicized to ins irregularly higher this through board displa rer on the Chicago board of sare nest new trade. Wheat was off % to up % Tics Picanto raid Gare cent; corn off % to up 1%; oats Utah Valley Auction Quotespose of the program is to im-|off ¥% to up 2%; pe ise prove students relations with |and soybeans up 3% to ete from Utah Valley hogs, oe ae with last Auction Co., Fork: week. 1 butchers 200-225 CATTLE: 300 head; market) lbs. re‘to 19.00; 225-240 Ibs, very active especially on cows. 18.00 to 18.50; 240-260 Ibs. 18.00; Grain fed cattle steady, no | 260-280 Ibs. 17.00 to 17.50; 280high choice steers sold. Bulls 300 Ibs. 15,00 to 15.50, Pca a Sows under 350 Ibs. 13.50Low choice and high good 14.00; 400 Ibs. 13.00; 450 Ibs, steers 24.50-25.25; good grade 12.75; 500 Ibs, 12.00; 550 Ibs, 23.50-24.50; standard kind in- 11.75; 600 Ibs, and over 10.75; eluding ; boars 8,009.0; stags 9.00-10.00; Ria Pigs offered for Buying A New... ® PONTIAC * BUICK °G.M.C. Shop Our Prices cle se ec ce ese eee crime SHEEP: Very limited supply; ‘type 20.50-21.50; fed Holstein heifers 19.00-20.50. Young grain fed cows 19.00- i 00; ler 9019.50; commercial 18.00-19.00; vtility 16.50-17.50; cutters 15.50sold; . . 16.50; canners 14.50-15.50. soem, Hae pi ‘to.| 570 North Main Spanish Fork No fancy veal calves sold. 6, lacement ewes sold; Phone 489-5634 or 489-5635 Good grade 250-350 Ibs, 27.00- ‘old hicks 5.00-10.00 per head, | 28.50; heavier slaughter calves 26.50, Good quality feeder steers 700-800 Ibs. 24.00-25.00; over 800 Ths. 23.00-23.50; 600-700 Ibs. %.00-25.50; 500-600 Ibs. 26.0027.00; medium quality heavy “feeder steers 22.50-23.50; lighter weights 23.50-24.50. Good quality feeder heifers Provo City dog licenses for the year 1968 are due on 600-700 Ibs. 22.00-23.50; plain kind 21.00-22.00; good 500-600 February 29, 1968. Thelicense fee is $4.00 and afterthis Ibs. 23.00-24.00; medium quality 22.00-23.00. date a $1.00 penalty will be assessed forali licenses sold. No fancy steer or heifer) ealves sold, Good quality steer Licenses can be obtained at the Provo City Office calves 400-500 Ibs. 28.50-30.00; | heifer calves 25,00-27.50. Building, Room 105 between the hours of 8:00 a.m. and Pregnancy tested stock cows, average size and quality 165.005:00 p.m. Monday through Friday. 185.00 per head; Holsteins 200.00-255.00, New-born calves, beef type Provo City Recorder choice fat lambs under 110 Ibs, Before You Buy! 1s, "snaatsn; No ewe G & M MOTOR CO. {8002100 feeder lambaae WHERE TO VOTE IF YOU LIVE iN VOTING DISTRICTS: NOTICE 40.00-45.00; For The Issuance of Bonds | 7 Health, Education ze DepartmentSays |i" c=" POT Tritteter tts AllStates Sharedwilliston he X bearing interest at a rate not to exceed six per cent (6%) per annum and due and payable in ee age work The Dow Jones Industrial!Heereae ae volume made a pitch for the tax in|Average dipped 3.70 on the) Seiconde War Effect crease. The Vietnam War remained) Ontopof this it was learned week to close at 896.34 but the| reneDerost uppermost in investors’ minds| the growth rate of personal in- rail component added 1.03 to) fcva' (tesrern 66. | Independent Com and the dispatch of 10,500 addi-|come slowed considerably in) tionaltroops following a request! January from preceding months| Volume for the four shortened| — American Commander Gen-| and ingustrial production de- sessions totaled 41,061,960 shares| memo’ ii 810 shares] Mm S2'es Oev al William C. Westmoreland) cline for the first time in four compared with 47,ae which changed hands in the)New, avin unsettled traders early in the months. five short sessions last week. It] oT city “cons week. Not All Blesk Later traders overlooked these! The picture wasnot entirely jwas only a bit below the 44,-| parei resree /868,541 shares traded in the) picsarscmine 8 Sunday Herald SUNDAY,,FEBRUARY 18, 1968 | comparable five day week last}1 eeyeten Coat |year when full sessions were in| 32% | effect, PROPOSITION Shall negotiable coupon general obligation bonds of OremCity, Uich, in the sum of $716,000 Holsteins YOU VOTE AT: No. 1, 2, 20, 24 .....0000eee0eee4+. WINDSOR SCHOOL No. 16, 17, 18, 19 ............0....GENEVA SCHOOL O28) A), Gloss cceseecevccecn seme ites) CITY HALL No. 7, 22, 23 ........+++++su..SCERA PARK SCHOOL NGG) 9/10) ea seeeis cose ee HILLCREST SCHOOL No. 11, 12, 13, 21 ....10....+... CHERRY HILL SCHOOL No. 14, 15 0.6.00. 0s eeeeoeease ss WESTMORE SCHOOL _30.00- 40.00. HOGS: Market active, 25 to 0 cents higher oa butcher 5 NEW Official Ballot For Orem City, Utah SPECIAL BOND ELECTION FEBRUARY 20,1968 The Polls at Each Polling Place Will Be Open From 7 A.M. to 7 P.M, {| |