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Show Page :8—-THE HERALD,Provo, Utah Sunday, June 27,1971 Interior to Announce Plan For Test Oil Shale Leases WASHINGTON (UPI) — The The Utah Republican said he be operating by 1976 or 1977. Interior Department is ex- —s the test lease program Lloyd said environmental conpected to announce a program will “prove . be a major siderations could slow developfor giving test leases to indus- br eakthrough for nt ment as more knowledge is try to develop oil shale re- of the oil shale lands, which gained of the reduction p>osources in Wyoming, Utah and have been closed for over 40 cess. He said environmental Colorado, aoe to Rep. years due to lack of federal impact statements have been drawn up by the departmentin Loyd. policy.” cooperation with the states inLloyd et the announcement should come next week. Presi- Lloyd said twotest leases of volved. dent Nixon earlier this month 10,000 acres each would be of- He added that based on curfered in each of the three rent consumption rates there is delivered an energy message to Congress urging the department states. Actual sale of the lea- enough oil locked in the shale to move ahead on oil shale de- ses would come in December to last the United States about of 1972 and pilot plants could 150 years. velopment. Provo Man Receives High Award ARCHITECT'S SKETCH office to be built at Riverside Plaza in north Provo. Groundbreaking for the new building is set for Monday at 10 a.m. Uncertaint ies Seen Martin Will At Riverside Plaza Mobile Homes On Stock Exchange Retire Fram Central Bank & Trust to Break Ground for New Branch Building Grow Wider Mountain Bell index fell 0.53 to 54.10. Standard Albert C. Martin, Mountain & Poor's 50i stock index Bell central office repairman in dropped 0.96 to 97.99, and the Provo,will retire June 29, after Dow Jones industrial average 30 yearsof service. his telephone career lost 12.48 to 876.68. Declines led He in 1941 with the Southern Telephone Company pe. Turnover for the five days ag- in Los Angeles. In 194/, he was gregated 66,278,040 shares, down transferred to Mountain Bell in from 68,433,250 shares traded a Provo where he worked until his week earlier, but well above the retirement. 49,469,440 shares traded during Mr. Martin has served as chairman of the Orem Safety Council. He is a member of the is to the very sharp rise of = Telephone Pioneers of America, Elks Lodge No. 849, and Story last six or seven months,” loge No. 4. He was president of marked Harry Laubscaer “O Walston & Co. Although the the Communications Worker of America (CWA) Union, Local Walston executive was opiimistic about the market's long term 8306,for eight years. prospects, he said that the next few weeks are likely to be slop- Buffalo Roam py, and “I would not be sur- WASHINGTON (UPI)—The prised is to see the Dow lose buffalo still roam over four another 25 to 30 points,” national preserves. A‘ i However, Laubscher said he to the American Automobile still believed the market would Association, “‘substantial herds hit a new high late in the year of American bison” are to be car sale. or early next year. He based his found at Theodore Roosevelt For the week, the New York optimism on a belief the econo- National Memorial Park in Exchange common stock my will show marked improve- North Dakota, Wind Cave mentlater in the year. National Park and Badlands National Monumentin South Dakota, and Yellowstone National Park in Wyoming and Montana, NEW YORK (UPI) — Few people believe this week's slide on Wail Street will turn into a full fledged bear market, but many of the experts are not quite as optirnistic as they were a few months ago, when almost everyone was predicting an historic high for the market by summer, or year-end at the latest. To be sure, some analysts ee aie ae perched at a new ae ee now even they talk of late this year or early 1972. Among the items weighing on the list this week were interest rate uncertainties; continued disappointment over the recent that reexceeded sales for the first time in fund history; worry about the pace of economic recovery; indications that Washington having difficulty containing inflation; and a drop in mid-June Publication Chatter On Features WallStreet H.Rising Groundbreaking ceremonies ora nex ove Cons) Bank and Trust Company to be constructed in the Riverside Maza at 1230 North and Fifth West in Mayflower Farms, Portland, Ore., 1970-72 president of the International Consumer Credit Association. Recipients of the Distinguished Service Award are nominated by their fellow credit executives and selected by a special awards committee of the ICCA. Open to all members of the Longer and wider are the words for mobile homes. A striking developmentin this Provowill be held Monday at 10 1891, Since its merger with booming market so far in 1971 am. Springville Banking Company has beert the increase in sales of Central Bank and Trust is a and State Bank of Provo, the very wide models, according to ICCA, the award annually locally owned and operated bank bank has established branch an authority on financing of all recognizes distinguished service which has been in Provo since offices in Spanish Fork and styles of such homes. for outstanding efforts on behalf Springville. Harold Henry, vice president of the consumer credit industry Manager of the new Riverside — sales of CJ.T. Financial a i for individual leadership Services, said 14-foot--wide within the association itself. branch will be John E. Beal, homes, which were an in- The ICCA, which has more assistant vice-president and an significant part of the market in than 55,000 members in the eight-year employee of Central thepast, now accountfor one out United States, Canada and of every ten sales. Models of this several foriegn countries. The industry invested Bank. width were not manufactured, $556,559,000 in environmental “Our newoffice will enable us until 1969. quality control equipment to provide more convenient Dering thefirst three months} the beginning of 1966 service to our customers in the this year manufacturers shipped be' andthe end of 1970 alone. northern part of the county.” 9,387 mobile homes measuring 14-feet wide compared with only: Although the steel industry’s pecta vice-president Philip 3,798 in the same monthslast’ profits in 1970 were the lowest Per! year, Mr, Henry said. they have beensince the Forties, “J. W. Randall, chairman of domestic steelmakers have Not only are they getting authorized an additional the board, and Fay C. Packard, wider; they also are getting $54,638,000 for environmental president, will continue at the longer. Thelatest denslonenat protection facilities slated to go helm of our company,” Mr. Mr.Henry said, is production of Aninto cperation in 1971 and later Perlman continued. nouncementthat the new branch 14-foottowide homes that are 70 years, . This offive would be constructed ‘to feet or more in I Industry experts estimate the coe greater service to you, group now constitutes 3 per cent fig annual cost of maintaining an our customer,” was made by of the market compared with .3 es centin the first quarter of operating pollution control Mr. Perlman Tuesday. ofteori at roughly10percent The new building will be a of 14foot-wides might The one for the money located near 500 West about be expanding even faster, Mr. midway between the north and Henry said,if it were not for the }13€. cae, Rm, 207 south ends of the Riverside fact that some states prohibit }3741 ir Plaza parking lot, and will face movement of such wide homes and water purification facilities east toward the shopping center. over their highways. going. Steelmakers Accelerate Anti-Pollution Spending WASHINGTON The domestic steel industry’s investment in environmental quality control equipment rose sharply in 1970 according to American Iron and Steel Institute. An AISI survey reveals that U.S. firms producing about 98 percentof the nation’s iron and steel placed into operation a record $166,385,000 worth of new air and water quality control facilities during the year. was an increase from the $138,034,000 spent for such equipmentin 1969. The domestic steel industrv’s investment in environmental quality control facilities at the end of 1970 was over $1billion. To Saiduie Pollution NEW YORK (UPI)—Recent market weakness should not be ‘ded as an indication that a Harry N. Rising Jr. of renewal of last year’s bear Wakefield and Rising Insurance market will substitute for a Co. in Provo, was one of our summer rally in 1971, Wright leaders throughout the United Investors’ Service says. The States featured in the June current of stock market WASHINGTON (UPI) — Sen. amendiaent prepared by Sen. issued of SHARING SUCCESS, averages indicates a Frank E, Moss has joined two Jacob Javits, R-N.Y., and the! national publication for life ty, especially for utilipo of his colleagues in co-sponsor- other a bill introduced jointly insurance and mutual funds ties depressed ing legislation aimed at reduc- by Sen. Howard Cannon, DPerlaidee by Elba ieociental ea lamer tia fn ing thepaper pollution problem Nev., and Sen. Paul Fannin, Rby urging the federal governThearticle wets describes Mr. The Javits amendment would mentto use recycled paper and Rising’s activities as a brigadier Stock market be attached to appropriate legother materials. general in charge of the Utah point not only reflects islation to require a certain State Guard and as a member of taking, but also liquidation of “Tt is estimated that amount of recycled materials the Provo Rotary Club and Utah securities to raise money, of paper waste could solve used in federal contracts, as di County United Fund. es Janeway & about 8 per cent of ghe na- rected by the Environmental tion’s trash problems,” the Utah Mentioning that Mr. Research. Also, the bulge in Protection Agency. The FanDemocrat said. values the importance of sai vings is being misinterpreted terpre nin-Cannon bill would require discipline, the article notes that as money “‘ticketed for the The measures Moss is sup- maximum use of recycled paheis a graduate of the U.S. Oeee ae porting are similar. One is an ber. — looks Moss Pushes Pian For Recycling Paper Waste Not one to reston his laurels deenaive aneit after retirement from the ‘The economy will be largely on its own during the months pol ahead—unable to count on help +1969, andin 1971 graduated from from the fiscal sector, and up the LDS Business Coliege and against at least moderately obtained his Utah property and adverse interest-rate and mocasualty license, the article says. He received his Utah life mn health license ‘" January 1971, the bull market is not over yet, intermediate-trend fluctuations are likely to be wider and-or more protracted than earlier anticipated. And Longer John F. Ramey, CCCE, chairman, First Security Bank, Provo, wehonored this week as a leading consumer credit executive when he received the distinguished service award of the International Consumer Cr tion. The presentation was made during the closing session of the 9th Annual International Consumer Credit Conference concluded June 23 in Salt Lake ai ty. The award, in the form of an engraved plaque, was jaesented to Mr. Ramey byAlvin L. Reed, CCCE, general credit manager, . BORROW eae , ee Of the $16,385,000 worth of new pollution fighting units placed on stream last year, $97,263,000 was invested in water cleansing equipment. AIR CONDITIONING | GAS - ELECTRIC EVAPORATIVE Instoll NowBefore TheRush CRAGHEAD PLUMBING-HEATING PRO}vO DIAL 373-1003 56 North 2nd West CONGRATULATIONS TO THE WINNERS! Luae To a THE Power Outage Blamed to Malfunction A transformer malfunction wasblamed for a power outage from one to 40 minutes a averaged 15 minutes, A Utah Power and Light Company spokesman said the transformer malfunction occurred in the firm’s substation west of Salt Lake City, main junction point on the transmission network. The malfunction isolated muchof its grid from generating capa Theutility was forced to drop loads in small portions of Grand, Carbon,Utah,Salt Lake, and toa lesser extent Davis and Weber counties. Only portions of these areas were affected. ‘The outage occurred at 9:03 a.m, and lasted from 1 to 50 oe in someisolated areas, NEW “Whirlpool AIR CONDITIONER WITH FINE-FURNITURE STYLING. 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