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Show 2Senderord Ss =| Market Builders Supply Firm | Opens Orem Business Dodge. b coe ese days, even aie = eeS. ae Ends With OREM — Gain Small \ of Commerce, open the brand ew er in @ ceremony From One Store to Seven Grocer Notes 25th ms, owner of ushered his Business Anniversary juding all d with a gain of 007 to change countIndex, ay he may have sucfm 2% ceeded in changing the buying habits of a nation. re pric common share price cents The Dow Jones average of 2th anniversaryin the grocery gave up 0.52 to 969.76. The DJ plans will be released a’ alaterdate, — then called 's oe wa ry . . i E! Bank; Eldon tive of € Orem StateState Bank; Adams, owner of Builders Warehouse; Dean Adams, mam- > 2ration “We've geared formally observed in memory ager of Builders Warehouse; Gilbert M. Jensen, director of the chamber of commerce, or the woman shopper here be- of the Union dead of the Civil and Robert Dove, representing Orem City, cause mest of the buying is done Warin 1868, ‘ ee z |. =" ee -* 3 r i rails moved 0.56 lower to 212.62; the utilities gained 0.06 to 120.4. “J could be wrong,” he said, “But as far as I can tell we Volume totaled 9,020,000 down from the shares traded Thurs10,310,000 day. were the first company to sell true discountto the public.” for him break came The hebig decided to convert a shares, when basement frozen food locker F area in his West Center Street Market, Provo, into a bargain © basement annex. He sold sur- Institutional activity dipped. There were 54 blocks of 10,000 . ge shares or more traded, 18 fewer than Thursday. Of the 15 most active issues eight were lower and six higher PAUL REAM It was the first time that women ever came into a store Ream children, Marian Kathand took their groceries out Of joon Robert Griffith, Daniel Paul, and Lance Jackson, made People Liked It ‘0 the hardwarefacility. BUILDERS WAREHOUSE SUPPLY of Orem was officially opened to the public in a rib- , in hardware See : Dignitaries are, from left, Arvid S. Dodge, president of merchandising,” said Dean Ad- Memorial Day this week.Marvin ceremony bor cutting Orem Chamber of Commerce; H. Bur gon, member of the chamber and representaSaal manager of the|Decoration Day th m: ams, reflecting t! industrial blue chips, however, business. the bexes . n PW alls were paneled. This week hecelebrates his plus foods there by just stack- | ing up cases. mber vered a was carpeted These By JERRY M, YOUNG Paul Ream brought his fami c om Califorcol iy oeoie ae wae wy aad “3year with one unchanged. Most acgive issue was Massey-Ferguson. It finished at 17%, up 4. Second most active with Xerox. It ¢losed ai “We found that people liked contributions to the familybusi- 98%4 , up %, ‘Third Was | Anaconda, closing at 33%, off that way of doing business, ” he |ness, said, recalling the immediate Thus, he expanded from the 2%, | jumpin business of 30 per cent modest $5,000 weekly operation On the whole the market was! So, in 1952, when he was get- to a chain with seven stores, generally dull, with few fea- ting ready to open his second two in Provo, two in Salt Lake tures. “annex” in Salt Lake City, he City, and one each in American | The steel group turned mixed madethe decision tostart sell- Fork, Taylorsville and a despite reports that July steel jing shipments will match the basi on a cost plus 10 per cent I. is. | Career Highlight | expected June total “We were operating on a cost) Dowgave up %4 to 67% in the One of the highlights of his lus 10, anyway. So we thought career came in the fall of 1948 lower chemicals. Oils were it would be just as well to mark |when mixed. he broke ground for his the merchandise at cost and add j West Center Street Store | Motors eased, with Ford ‘our profit at the checkstand.”” down '4 to 47 and Chrysler off Again the idea caught on and “We dug the foundation of | Ys to 45's. retail marketing has never been that store by hand,”he states. | Rails and airlines also were the same since. | And he recalls watching over ixed, Aircrafts were on the) ‘The Wall Street Journal wrote | the construction of the building upside, with General Dynamics} Ream operation in an|With such concern that when hip % fo 30, Boeing up % to 41%) the wrtics, July 16, 1954, And in re-|the steel workers were setting and Lockheed up '% to 27%. sponse to the article, operators the girders in place they found In the electronics, General of markets all over the country |the walls and fittings so true \Electric rose 1 to 90%, IBM 1% began visiting the Provo and |to specificationsthat they didn’t \to 331%, Burroughs gave up 1%4 Salt Lake operation to find out |have to cut anyextra holes as jto 137, Zenith I's to 48%, they usually do. just how Ream could do it. Prices were irregularly highGives Motto | Perhaps that is a key to the\er in moderate trading on the He was invited to speak at|success of Paul Ream. He has|American Stock Exchange. the annual convention of the| watched over the way his mar-|Volume was 3,665,620 shares, National Retail Grocers Associ-|kets are performing. And even |down from Thursday's 4,048,165. ation, once in Chicago, 1959,|today, when he sees that some-|Of the 1,037 issues traded,| and again San Francisco, 1962.| thing is not quite right, he will advances outnumbered declines, ‘And his message to the mer-|roll up his sleeves and show|497 to 419. The Amex Index chnts—stack ‘em high, sell ‘em his men how he wants it done, |gained 3 cents to $27.75, cheap, and keep busy! “T suppese I succeeded in busiHe attributes much of his/ness from the fear that I was success to his wife, Cleo, who|going to fail,” he claims. has been right with him every That seems to be a signifiStep of the way. Even during |cant admission coming from a the years he worked in southern |man whose company now does | PFS invites you to enjoy high earnings on your savings andto Heavy-woven Tartan plaid travel case, reinforced.at ai points of wear. Pleaty of room for everything. 20% inches long, 13% inches high and 6 inches<deep. take your choice of these four delightful gifts 36-Piece Patio Dinnerware Set, service for 8. Guaranteed Phone Worker | Retires After California for a chain, she was $22 million per year, and oper- | 38 Years Duty down at his store lending alates a store that boasts the | J. Waldo Villard, foreman in hand, Later she became head ability to produce more sales in the construction department at checker in the Provo store dollars per square feet than Mountain States Telephone in In the same way, all the anyother store in America. Provo, retired June 27, with 38 years of Business Today service. Villard began his long telephone career in as a Yours FREE! Choose any one of these gifts when you open or add to your PFS insured passbook savings account in the amount of $500 or more — or open an insured savings certificate account — any time between dune 30th and duly 11th. (Limit: One gift per account. Offer ends Jay 11th or whenever s ofgifts is exhausted, whichever occurs first) Doors Starting to Open To Hard Core Jobless NEW YORK (UPI)—Business)little jobs but for supervisors. is stating to open its doors to Spencer went into a problem throughout the Mr,Villard hard corc unemployed for the that as been tackled for the years were lineman,section pa. most practical of reasons — it past 20 years by the Board for trolman and foreman. Fundamental Education of In- He is a memberof B.P.O.E. The need is biggest in some jdianapolis, preparing underedu- His plans are to continue his of the cities with the worst cated persons to hold jobs. Ov- hobbies of fishing, hunting and ghetto. problems. William 1 er the years, the BFE, found- traveling following his retireSpencer, an executive vice ed by Dr. Cleo W. Blackburn, a ment. 4s Save where saving pays more! ay % % pe coment 18 needs them. on insured PFS savings certificates president of First National City Negro educator, has given reBank in New York, said 30 per medial education to more than You know yoursavings are safe at PFS — insured up to $15,000 hy an agency of the United States Government. No saver has everJost a single pennyin savings so ins red. And there’s peace of mind in knowing that when you save at PFS you're saving at the Intermountair. West’s largest savings institution and one of the 100 largest savings and loau associations in the United States, with assets over $200,000,000. And you have lots of company, for more people fcver 60,000) save at PFS than at any other savings institution in the Intermountain area. Wall Street Chatter... “once- in-a-lifetime” buying opportunity now exists in the bond Comein to open your passbook or certificate account now, or use ovr oa ae plan. Ail gifts above (except luggage) ave available Mal. workers enormouslyexceeds the supply, said Littlehailes. “Old Sears, Roebuck & industry coming to fashioned educational and train- Large or small, your savings account is most cordially welcomed, etting workers market in view of the sharp ing methods can’t train disIs us to expand advantaged workers and over drop in bond prices during the past year, says Goodbody & Co. our pr training work- come their more acute educaAn investor can consider short-/€rs Is,” explains tional and environmental han-| term tax-exempts now offering Blac In doing so, the BFE \dicaps fast enough. The BFE’s a yield of 5 per cent or more findsit { working with com- |method has been shown to and have his principal intact at|mercia] vocational schools. work. So has ours.” any date he may choose or| choose longer term Caleetioas Ee eeSand neolieetaePa caat with generous income yields, | the firm says. The bond market years, the firm adds, and its|f| recovery from the latest sharp] drop could well come before} one in stocks. | Winslow, Cohu & Stetson continues to see this market “disturbances” as merely a re-run of those in 1967 and 1968—“unpleasant affairs .| . . providing absolutely no rational basis for abandoning a long-term aggressive inyestment policy in performance stocks.” HAWAII July 18-27 and July 30- Aug. 8 10 Days, 4 Islands JULY 1-12 Skagway. Inside passage ship to Juneau, Peters: burg; Wrangell, Ketchikan, Prince Rupert. CHRISTOPHERSON “RED CARPET” TRAVEL SERVICE 292 N. University - al = * a. =, rudential e o INSURED SAVINGS ‘* H 0 M E L 0 A N : MODERNIZATION LOANS Big je! to Anchorage, Nome, White Horse, Tour Director Sez eo HOME 76 panes Merrill Christopherton Patio-Buffet eleetric food server set. A bowl that goes from refrigerator-to-oven-to-table. Complete with dehuxe electric warming cradle that keeps foods piping hot, Fuli one year guaranéee against defects All savings received on or before Thursday,July 10th, will earn from July Ist and will be eligible to participate in the full semi-annual earnings to be credited on December3st, 1969, M $4g4o0 Hotels, jet transportation, sightseeing, fees, special mech, Poly"eon shows, temple session. Round trip from S.L.C. ALASKA on insured PFS passbook savings ($5,000 or more) persons for Pan American cent of his bank's huge staff 80,000 persons so they could World Airways. The BFE itnow is drawn from minority compete in the job market. self is completing a program groups. He told a seminar of neer said First National in Newark, N.J., to help the bank administrators that urban Bank now has abandoned pharmaceutical industry recruit businesses are going to become h school diploma as a {hard core workers increasingly de! endent on hard-| jot irement and is train- | Richard Littlehailes, the core labor market not only for ing 1,00) persons to overcome young Englishman who foundeducational and environmental ed Keyboard Training, Inc. handicaps under a contract with says he hopes to engage in sdriment of Labor. other ventures with the BFE. » the BFE, whose top “The present demand for e Bruce Palmer, head key punch operators, including industrial Con- typists, and other good office NEW YORK (UPI)—A in cut the ribbon tc 375310 | me Reford M. Bevan, Jr, VicePresitientManager 363 Noxth University: Ave,Prova, Stale 186SouthSoeet,City Sard South & StateStreets, ckeCiy,Abtah |