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Show ymmym'Vi Eii 1 rad a Division Sold Ml of its chemical business iu agricultural lines of insecticides Pu tili7ers and weed killers and its plop rietary information have been sold to Hctner Investment Co The price will be between $600 odd and $700,000 depending upon final inventory, according to Mr Crawfoi d subsidiary of Entrada, the Mountain Fuel Supply Co earlier sold Wasatch's plant and land for $2 ?i million to Huntsmen Chemical and Oil Co Salt Lake City It sold its industrial chemical inven tory to Great Western and proprietary information to Great Western Chenuc al Co Portland, Oie Homer Investment President and General Manager Keith P Heinet Jr said the firm will change its name to Morgro Chemical and Energy Co Mr Homer will continue as president Salt Lake building contractor Fran Stangl HI will lie vice president He said the firm expects to remain on the old Wasatc h property forc'd. ivs new manufacturing plan' will he coo st meted Inc Entiada lndusim-John Craufntd .lr Kiul n announcer) of Fntiad.i's completion of the Wasatch Division s Pre'-idon- sell-of- Monopoly End In Telegraph Service Asked Inflation Bluest American Dream? ht'clinji U, oosls Steel Pi ices In Martin R own, in Angi les Times Writer S N FRANCISCO There is evidence that the American di cam is shi inking that "a new tar, a bigger house, a college ('duration for the children all seem to le out of reach" for a glowing number of families a ipseai rhet said here - non-utilit- PITTSBIPOH AP -theeling Pittsburg Steel Friday followed Corp , A other steelmakers , Other com (AP) should lx Union Western panics allowed to provide telegraph service, a Commerce Department agenc; said Friday The National Telecommunications and Information Administration said competition should he allowed in domestic public telegraph services ' now provided on a monopoly basis by the Western Union Telegraph Co The agency made the iceommenda tion to the Federal Comumeations Commission, which is considering whether to penult competition "We believe thal the natuie of telegraph serviee today, when viewed in the context of the rapidly evolving telecommunications industry generally, should not only he competitive hut should he substantially, if not totally deregulated," the agency said New technology and rising labor costs have outmoded the telegraph service as it was known in the 1940s, when Western Union was given all telegraph service, the agency said "Decades of regulation of this service have not succeeded in making it either profitable to Western Union or affordable to the public generally," it said WASHINGTON s Profit Gain Iborl Dv Edwards & Son V Special to The Tribune LOUI- S- A G Edwards ST Inr announced first-quart- $2, 911, 90'i or $1 42 revenues of $28,276,106 of a & Sons earnings share, on That compares with $1,634,850. or 80 cents a share, on revenues of $20,080 871 for the year-agperiod Earnings per share for the year-agperiod have been restated to reflect a 15 pel cpnt 'lock dividend in October 1077 o o Jerry Ohlsten vice piesident and director of research for Cunningham and Walsh, told the annual convention of the American Advertising Fedeia-tioof a survey conducted bv his advertising agency to learn how middle-clasfamilies are roping with spiraling inflation in laisuig puces of ni.il products and Chairman Dennis Carnev criticized thegovernment for tiv ing to influence steel pru uig n - . s Second tanked Bethlehem Steel led the wav parly last week with increases averaging about 8 percent effective July Sobering Attitudes the "sohenng Among in- Steel line fell quickly itudes t Other producers cluding the nation's hugest steelmaker US 511 three dnv families In announcing the in creases, Bethlehem of lered a limited pledge to fteeze prices through the lest of 1078 in deference to President Carter s anti inflation etloi ts Saturday Morning, .Junp c H. 5CHAAT BERTRAM DILWORTH C. 5TRA55ER OBrien mm Kidder, Peabody CO 01 INCORPORATED Fnutidi(fjfl65 Members Vcu York and American Stock Exchange Suite 1620, Beneficial Life Tower, Salt Lake City, Utah 84110 Telephone (801) 521-747- 4 Resources Culp announced il had asked for loan guarantees of up to $12 million for development of geothermal resources at the Roosevelt Hot Springs field near Milford Funds would be used for field development on a offices worldwide 58 additional . Funds for Energy Plan Sales Staff state-owne- tract d leased by OBrien, Amax and Exploration, Inc Thermal Power Co A successful test well was completed in the Canadian , spring of funds wou'd be for additional drilling and testing to dev elop a field capable Honest Values In Cur Mens Dept. of supporting a power plant Were Long On Shorts Harvest Sweet In Cuba MIAMI 50-5- 8.95 0 11.99 Monte Tipton, Prudential's Dividend Set Gene Donovan, president and chairman of Prudential Federal Savings & Loan Association, announced directors have 1970 figures from a story m the Communist Party daily newspaper, "Granma," the broadcast said that, for the first time in 50 years, there also has been a sustained increase m sugar production for seven consecutive harvests with an average yearly increase of 9 percent Using front-pag- e declared a quarterly cash dividend of 10 cents a share payable Aug 25 to holders of record July 31 The dividend is the same as the previous 1978 declarations, and is a 25 percent increase over the 8 cents a share quarterly dividends paid throughout 1977 Notched Stripe. Leg y previous record harvest was an estimated 8 million tons in Barak Shorts, 100 Cotton Fine Twill, Triple - Double Royal Blue-Whi- e WhiteRoyBlue al White- - 7.00 Rpd SAVE Double Knit Stretch Nylon trasting Piping Red, Royai Blue Orange & Grcen XL Req 3.95 80 Navy Xc o Navy, XS to XL. B. Jockey, Mao 5.95 In Motion, 65 Dacron-3- 5 Cotton Nylon Liner, Tnple Color Stripe Rear Pocket, Navy. Red. Yellow Straw S to XL 9.00 C. Shorts, 50 Poly. 50 Eiastiozeo Band, 8 Colors XS to g 78 Sony TV iol Cotton, 95 9 250 South State 62nd So. & Highland Drive. U.S. Dollar Declines In European Market rates after The a one-da- y dollar, rally Thursday, uent back into decline Friday on currency exchanges across Europe. Gold prices rose A Frankfurt dealer said the dollars slump against the West German mark was a technical reaction to the dollars recent drubbing at the hands of the Japanese yen In Tokyo Friday, the dollar closed at 209 00 yen, against the previous days late price of 209 85 yen The pound rose in London to end the day at 1 84 $1 84735, against Thursday. Late dollar rates in major European finan- LONDON (AP) U S i ZENITH PANASONIC m vema 2nd block motrtx picture tuba gun exclutiv Trimofic color tuning lyttum, which outomoticolly oJjuft coiortmt end bright 9 9 line m. Frankfurt 2 0785 marks, down from 2 0885. 1 86325 Swiss Zurich francs, down from 1 8815. 4 5620 French Pans down from francs, 4 58125 Amsterdam down 2.2285 from guilders, 2.2370. Milan from at 857 lire, up 856 90 Gold closed in London $186 25 per ounce against days the previous $184 75, while in Europe's other major bullion market, the price was $185 875, Zurich, against the previous $185 1 25. Public lo Get SlKk Offer So. Sq. Feet Lease s nesconlrott Auto Fine Tuning 2 cial centers, with previous late B Z Kastler, chairman and president of Mountain Fuel Supply Co , announced Friday company plans to offer between 600,000 and 700,000 shares of common stock to the public in August Mr. Kastler said the sale of the stock will be subject to registration of the issue with the Securities and Fxchangp Commission NEW in tin Sonyo years parts, labor, picture tube warranty l , HOMS ENTERTAINMENT CENTER AMfM l.dlo, CnuHi PtayrRordr t Turntable iONY .n MM Check Our Great Selection Of Coordinate Shirts, Too! J 582-567- 2 Prices start at $783 XL 3 D. Stubbies, Coiduroy 4 Pocket Bone or Navy 16.00 2 Pocket Bone or Lt Blue 13.50. Brushed Cotton Tan or White 13.50 livelihood TEDE5CO REALTY New 1978 Electronic Touch Tuning System. tjax Jaguar Shorts, Double Side Stripe, At the height of its glory, the company employed 20,000 Today, 11,000 jobs are m danger Boussac told the tribunal his gesture was intended both to preserve his lifes work and to save those who depended on it for their For VIDEO CASSETTE RECORDER Stretch Nylon. Elasticized Wast Boussacs proposal was contained in a letter to the Pans Trade Tribunal, which appointed the official receiving team in May. The son of a draper in Chateauroux, Boussac founded his empire on stocks of British airplane fabric which he purchased at the end of World War I. During the 1930s he bought up businesses in difficulties in northern and eastern France and in the Paris area. 2100 i 100 240-acr- Deluxe Space 12" color Coin personal holdings include Boussacs e stud farm, office and racehorses, a apartment buildings, and the Aurore Paris turf newspaper group and the fashion house of Christian Dior, whose New look" fashion was made possible by Boussac. Both the newspapers and Dior have potential purchasers. The Paris jeweler Cartier has revealed that it was in the market for the fashion house. The surrender of these substantial assets of the tottering textile empire, which has suffered from cheap imports, is designed to supply the guarantees demanded by the banks if running expenses are to be met. Ironically, it is by no means sure that the bankers would accept the arrangement because of doubt as to how it would affect their situation as creditors RETAILOFFICE $34995 Con- See the new A. Daily Telegraph, London Marcel Boussac, 89, founder of the PARIS Boussac textile empire which last month was placed in the hands of a team of official receivers, has renounced virtually all of his still enormous personal fortune to bail out the company The magnate has asked only to retain the income from certain property for the remainder of his life. 1 he debts of the 21 companies account for a sum approaching $190 million. 161 East 100 he said Teople seem to be going off in a'l directions " DOWNTOWN JY Sale 2.83 of said in a statement. Jones said the final decision would be made in mid-Julafter the well reached 14,000 feet and all data is analyzed The fact that we may drill deeper than our original target depth is indicative of neither positive nor negative results thus far," Jones said It is not unusual, drilling m a frontier area where there is little knowledge of the geology, to decide to drill deeper than originally planned " The 8. Crandall offshore exploration, harvest is nearly a percent increase from last years reported harvest that resulted in the manufacture of 5 8 million tons and 21 percent from the 6 million tons predicted by the U S Department of Agriculture The figures do not represent the total production from 25 of the estimated 150 sugar mills in the country, according to the broadcast monitored at Miami 40-ac- re Adidas Mexico Deluxe, 100 Satin Nylon, 50 Poly-5Cotton Liner. Draw String, 3 Stnpes, WhiteRed. WhiteRoyal Blue, Royal BlueWhite XS second exploratory ml well in the Atlantic Ocean off New Jersey, said Fnday it might search deeper than originally planned. But the company said the development should not be interpreted as an optimistic sign. The well nearing completion, located about 95 miles east of Atlantic Jones, manager The first-com- finished drilling the rocarbons, 28 employees, Dissolution of large acreage holding Part of the Wine Cup Ranch located in Northwest Nevada along Highway 93 146,000 acres e to be sold on basis. Starting at $75 per acre in minimum of 2,560 acres (4 sections).- Over 50,000 acres now cleared in crescent wheat grass. Excellent water rights available. Can be subdivided into parcels. Owner will finance with small down payment. Call Adidas Mexico, 50 Poly-5- 0 Cotton Twill, Full 0 Liner, Triple Stripe, Draw String, WhiteRed, WhiteRoyal Blue, RedWhite, Royal BlueWhite Cuba has corded its second-largesugar harvest ever with the manufacture of a reported 7 3 million tons so far in the 1977-7- 8 season, Havana radio said Friday PUBLIC NOTICE Wolfes Has The Largest Selection Of Shorts For All Your Summer Activities, and Your July 4th Holiday (AP) Associated Press Writer NEW YORK Exxon Corp , which is almost There is a high probability that we may drill to a depth of 15,000 feet or possibly deeper provided that the quality of the reservoir rock is adequate, that is that the rock has the potential for possibly deeper provided that the quality of the reservoir rock is adequate, that is that the rock has the potential for possihly containing hyd- said cant generalize you By Anne Sington City, originally was targeted at 14,000 feet Hammer production, services and supplies in Husky's Canadian operations Occidental also described its plans for development of the Lloyd-minstheavy oil reserves. including doubling the current drilling Loan 1977 program and investing at least $40 million in a tertiary oil recovery pilot program. Occidental also will and offer Petro-Canad-a the governments of Alberta and Saskatchewan full working interests in ental Corp will exchange offer for all of the common shares of Husky Oil Ltd , the company said Friday In addition to filing notice of the proposed offer with the Canadian Foreign Investment Review Agency, the company was scheduled to file a registration statement with the U S Securities and Exchange Commission "We hope our prompt filing of the FIRA application will make it possible for FIRA to act expeditiously in accordance with earlier public indications of members of the government, said Dr Armand Hammer, Occidentals chairman In its notice, Occidental said it would continue Huskys present policies and practices concerning Finn Seeks have otned our firm's (API-Occid- But about anything," Seeks to Save Textile Empire By Martin Merzer 1 g French Tycoon Drilling Pape Petroleum make a share The steel industry real causes of inflation in this country are excessive government spending and greatly increased energy costs," he added RAY DUFFIN lion ( LOS ANGELES the of 24, 1978 General Mills Inc , people "still want what they want" and to achieve these ends make certain tradeoffs Thus, he said, they make increasing use of supermarket coupons worth only a few cents and yet, paradoxically, eat out more often As far as advertisers are concerned, the most significant factor is the emergence of the working woman, according to Dr Edward Tauber, director of market research for Carnation Co , Los Angeles Both younger and older women are entering the job market, he said, but the latter mostly continue to accept their roles as homemakers e Deepens Ocean Occidental Gives Share Offer Inflation Cause This can onlv prom otc inflation by continuing to delay and postpone bread-wunrun- Exxon 'Business Carney however eriti ci7ed the government s efforts to influence steed pricing In capital hungi steel industry supres sum of profits hv jawboning and controls has not and will not in the future reduce inflation " Cat modernization This attitude is reflected in everyday shopping practices more and resistance to impulse purchases An attitude of deep skepticism toward government, manufacturers and advertising emerged Despite the shrinking of the American dieam, there is still a strong sense of optimism about the future, about enduring values of family life There is a feeling of hanging in and holding on to the host of what they have, but not one of expectations of expansive financial growth and improvement These families Ohlsten said The implications of all this on American family life and business are broad and potentially severe. Ohlsten implied, adding, The stereoty pe of Dad and breadbaking Mom at home with thiee children is shattered forever Ohlsten chaired a panel on ' The Shape of the Future for at which Middle America," William Wedbacher, vice chairman of Inc , pointed oul that Americans are living longer, marrying less and later in life and having few'er children "This portends a decay in the family, it will he a less domin ant force," he predicted Make Certain Tradeoffs Despite inflation, said James S Fish, senior vice president of Salt Calif aritnmr nev said We are pleaded to announce that conference by the with 15 are struggling to make ends meet on salaries of $20 OoO into Limited Pledge 1 There has been a general in terms of pro duets families buy as thev reassess their values and needs as consumers letrenehment CHIEF DRAFTSMAN and STRUCTURAL DRAFTSMAN Permanent job, offering real opportunity to grow with expanding company. Salary commensurate with experience plus and company paid benefits package. cost-of-livin- g Contact: SANYO 1 Chief Engineer m SYRO STEEL CO. Centerville. Utah 292-446- 1 1 |
