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Show Up and Down the Street, Markets in Brief NEW YORK UP) Stock sMIxed; active trading. Bonds Steady. Cotton Quiet. Chicago: Wbt$treng? moderate demand. Coen Lower; liquidation. Oats Mostly tower; liquidation. Soybeans Steady to firm; late rally. 5 Hogs higher; top 21.15. Slaughter steers Strong to 50 higher; 29.50. top Financing Demand Off, Says Mortgage Banker r By Douglas L. Parker presi-'- The Range: Open High Lew ' AP PW. Local Asso- Show me once more what I was doing wrong with the mimeograph machine. ciation of America. He was in Salt Lake City Monday to speak to mem- - be a little breathing spell in the next 12 to 18 months to absorb the many housing units available. Pvmtshod by AcmeMk 2g Adresso 1.40 Admiral Cp Air Prd .20g Senior Group Continues to Expand With people living longer, the senior citizen age group continues to expand and absorb apartments, he said. Savings by Americans have continued to grow in institutions ranging from life insurance companies to banks. This creates the ample funds now available, he said. Sav: ings from the federal income tax cut also has gone partially into savings rather than being spent outright. The function of the mortgage banker is to convey funds from the capital surplus areas, such as the financial center of New York, to the rapid growing area of the West, Mr. Cameron explained. With the ieskened demand for long-terfinancing, the mortgage banker is in a growing area of competition with Ihe local banks and savings associations also trying to invest primarily local savings, he said. As a result, interest rites are lessening in contrast to predictions of increases made last year, he said. Generally, when the economy is strong or growing, interest rates climb, he explained. Banker Praises Urban Renewal Passage of a bill enabling Utah communities to organize Urban Renewal agencies is a step in the right direction, Raymond G. Willie, vice president of First Security Bank of Utah, N.A., told the Utah Mortgage Bankers Assn., Monday. He was one of several speakers at the afternoon spring A large 33; medium B 31; large Cheese 50 lb rindless block 42; 5 lb sandwich loaf 44; mild longhorn 46. Butter 93 score 73; 92 score 71? 90 score 69. Mondays Quotations 2 New York (UPI)i Gth HGr National Association of Securities1 Inc Dealers, Inc. App Bid Asked LPr 2.80 3.061 Inti Aberdn Affil Fd 9.34 10.10 Knikr 4.27 4.62!Krk Gth Am Bus 7.57 8.18 Lazard Am Grth Atom Ph 5.85 6.39 Lexing Life Stk AXE HOUGHTON AxeH J B AxeH Bost Fd Broad St 16 Bullck Can Gen Cdn Fd Cap Life CHANNIt Balan Com St Grwth Incom In Grth Sped Cwth Diver Divid Sh Dow 6.40 27.61 15.15 19.05 5.84 15.53 7.42 8.05 18.15 11.05 7.04 6.99 30.12 16.53 20.79 6.37 16.80 8.14 8.82 18.75 12.08 7.67 American Stock Exchange Mondays Quotations NEW YORK (UPO ZlO 5 27 14 )1 161 2 124 57 49 1016 133 US'! 10 8'i tl5 17 8 M2 37 145 10 145 8l4 t1$ 12 10V 8 t!5 12 8 0 32 19 327 20 201 421 411 411 291 287i 28 62 .25b 4.90b 64 564 614 6 6 Th UtahlaS Westate .60 Pet Salt Lake Stock Exchange Mondays Quotations 'I Babcok 1.10 Bald L H .40 7! BaltGE 1.32 1 Bait A Ohio Bangor Sug Basiclnc .80 Bath Ir ,60b Beat Fd 1.35 in Beckman BeechAc .60 BeechL 1.20 BLL 2.40 Bendix Betti Stl I'd BIwKx 1.40 BlissEW .60 Boeing Co 2 Borden 2.22 BorgWr 2.20 Bost Ed Mfg Briggs BristIM 1.20 Brunswick Bucyrus E 2 Budd Co .60 BuffFrg 1.40 ButlardC .60 Bulova Watch Burllnd 1.60 Burroughs 1 56; 57; 1.16 1.60 Carrier 1.30 CarterPr .40 Case(JI) Co Caterpl Tr Celanes 1.80 CerroC Bristol Silver. 1,000 Certn-t- at ICftt; 2,000 at 5lt 27 53 041 03 231 24 Mi 13 13V Vi Vi 6 It 29 29 75 22 77 751 GambS 221 671 d 1.60 ..70 47 69V1 27 '4 274 1971 62 W 161 62 3471 289 - G 1.20 16 35 '4 17 38 214 341 85 66 441 9 194 614 161 614 34 Vl 344 211 8il 44 1054 1041 84V1 61VI 37 69 27 el 16W 46 654 66V4 43 431 39 67 43 PhelpD 261 414 401 27! 267 4L V4 Vi '4 4. W H 22 214 52 74- - Vl 524 211 5274 641 371 571 654 551 64 64V1 37 57V1 H H 55'4 54H 364 574 551 55 Vl Vl 6541 641 5471 RCA H Ranco 42 27 32 434 654 2 234 H '4 I Va Schtrng l 394 39 39 36 18 35 17 17 9 9 49 38 49 H 35 35 18 74 92 51 384 18 73 46 '4 4 82 '26 24 10 30 73 16 49 43 76 59 6 IBM inti Harvest 46 46 83'4lV14 45 V4 17 35 17 22 23 216 214 22 71 70 35 346 23 70 35 29 20 24 35 -c254 IdahoP 1.20 Ideal Cem 1 HlCentlnd 2 '4 III Pwr 1.40 Ing Rand 2 Inland Sll 2 InspCpr 1.80 9'a 9 45 73 48 26 9 2S 6042 IntMng .40a IntNick Int Pap 1.20 Int Shoe IntT&T 1.20 ITECrB .80 2a Jewel T JohnsMan 2 Jones&L 2 JoyMfg Co 2 k 286 474 46 87 42 41 18 41 18 . 604 536 36 39 60 52 17 17 17 176 884 194 73 14 52 4i 25 39 20 81 367', 41V, 36'6 36 Vi 41V. 41' 42'i 41. 41 55T 55' 55 53 66 48 63 52 52 65 42 42 46 47 42 t, 4245-- . it62 no mi 62 63 94 12 33 35 9 801' ' 47 62 ... ... 'h m V, ' L Natiorvl indu 1.64b Mondays Quotations 2 ed .60 G M 1.50 Monsto 1.40 MontDk 1.40 Ford, GM Hit New Records As 65 Cars Roll Off Line Generali Auto production rolled along DETROIT (AP) about 39,000 a day, with the Motors two millionth car of the auto companies hopeful of stepasmodel run rolled off an ping that pace up a bit before sembly line Monday, just a day the Memorial Day holiday weekahead of Fords one millionth end cuts into production. car. Final checks of April producBoth figures were new re- tion showed 862,416 cars were! cords. GMs previous mark for built, the third highest month in was hitting the two million figure U.Sautomotive history. It was May 28 of last year. Fords topped only by the record 963,-- j old one million mark was the 101 of March and the 866,632 June 8 date set in 1955 and cars built in December, 1964. 23 GM had 15 cj its assembly matched last year. The lour U.S. auto firms set plants on overtime operations theiir signts on an 847,000 output Saturday, while Ford had 14 of for May, which would be a new 16 on similar operation. Chrysrecord for the month. The old ler and American Motors conmark of 726,007 was set in May, fined their activities to a five-da' workweek. 1964. 15 AA large A (consumers) AA medium A medium A small smell Roasters Poultry Fryers wtd avg type hens (delivered) wtd avg 3.52? young 4.70, (ranch) tom turkeys 22. large 135,094,966.00 34,210,164.00 All Life PRESIDENTIAL EXCHANGE FUND, INC Initial Portfolio Limited to Securities of 100 Companies of High Investment Quality I A. G. Becker & Co., Incorporated DEALER MANAGER New York, N. Y. 10004 60 Broad Street Name Prospectus, including acceptable list, may be obtained free from ' your investment dealer. City State. y - - . . 1 - ... .. 1 .a ZenithR , CARS-TRUCK- 3lL AGE AGE AGE 30 40 50 INDUSTRIAL 15 96 446 44 36 32 31 834 82 S MACHINERY-EQUIPME- NT FURNITURE Call us for ALL types of leasing equipment umm licemoo 449 .1 aa r-r r - r -- - i 86 Va 1376 1344 1376116 9 366 - To age 65 $335.00 $496.00 $ 828.00 For 20 years $217.00 $430.00 $1,045.00 n 1.40 94 72 NOW LEASING FOR EXAMPLE: 3 - 2 m&m .Zip Code , 4546- 1 ZAL Ct nancia a 456 W XYZ Eii Address 44 30 37 2.20 Texaco TexEsTr .90 TexGTr 1.90 .40 TexGifS Texas Inet 1 Tex PL .35b TexUtil 1JJ6 Textron ThiokolCh 41 Tidewtr Oil Timken 3.60 TraneCo .60 Transm .80s Transitroo Trans W A TriCont .37b TRW Inc 1 20th CF .60g XeroxCp .50 YongST 1.80 YgtSD 1.40O Insurance Company rates are not the same. Decreasing Term 444 AA DO YOU Qualify? 37H TennGat Ig Wilson&Co NoPac--2.40- Bank Clearings 37 WinnDx 1.20 Woolworth 1 Worthington WrigleyC 3 NStPwr 1.44 NorthropC 1 NwstAirl .80 NwBanc 1 LOS ANGELES Eggs Prices to retailers for distributor plants 1 (delivered higher) AA extra large A AA extra large 3638. A large B large large AA medium A medi2223. um AA small A small 36 Weyerh 1.20 Wheel Steel Whirlpl 2.40 Whfrlpl wi WhiteM 1.40 White Strs 1 2.80 Ohio Ed 2.12 OkG&E .84g 36 . 6 1.4 NAmCar .90 NoNatGas 2 Egg Market 41 Walgrn 1.20 Walworth C Ward Foods WarnLm .90 WashPr 1.08 WVaPu 1.30 WstAir L .80 WsBanc 1.10 NatBisc 1.80 NtCshR 1.20 NtCltvL 1.40 N Dairy 2.60 NstDist 1.40 NatGyps 2g NtLead .75b Noll Steel 2 Nat Tea .80 ' Nev Pwr .76 Newberry J N EngE 1.20 1 N J Zinc Newmt 1.40 NYCnt 1.30a NiagMohk 2 NiagMoh wi Norf&Ws 6a NoAmA 41 VanASt 1.60 .60 Vanadm Varian Asso ViCtorCp .25 VaEPw 1.12 VulcanM .10 1 lb 4 296 226 226 Utd Fruit Co UtdGas 1.70 UGasIp 1.08 Utd Pk Cm UdShoe 2.50 US Gyps 3i USIndust In USPipe 1.20 USPlay 1.20 US Rub 2.20 U S Smelt 3 U S Steel 1b USSteelpf 7 Utd Utils US Tob 1.40 1.20 Upiohn UtahPL 1.44 8V?c. no calves; trading Cattle 9,000; on slaughter steers and heifers fairly active; steers strong to 50 higher strong with ear0 ly Friday or higher than late Friday; heifers steady to 25 higher; cows and bulls steady to strong; load of prime around 1,375 lb slaughter steers 29.50, the 28 37 29 1.60 UtdAirL CHICAGO Hogs 7,000; active; barrows and gilts mostly 50, higher; sows strong to 25 higher; 250 lb barrows and gilts head 21.00; 75 head 21.15; mixed lb lb couple loads around 300 lb 16.75; lb sows load 325 lb 17.40; 3 lb lb 5P4 7- 3- Udvllte 1.40 UnCarbide 4 Un Elec 1.12 Un Pac 1.80 Thtr Livestock Markets 43 43 : 37 45 38 63 42 199 13 37 37'4 - - 35 KaiserAt .90 Kan CS In 2 KotseyHa 2 ' 1 59Kennecott 4 KernCL 2.40 444 6 Kerr McGee 604 KlmbCIrk 2 53341 17 Kopprs 2.40 174 '4 Korvette EJ 47 4 Kreseg 1.40 Kroger 1.20 36 39 60 45 - 37 42 42 57 23 28 - - 78V41 224 35 4 17V 78 29 256 V 171 58 46 .. Sage Oil, 200 at 1.50. Sioux Mines, 500 at 21c. Stwt sales: Texas yellow granex or- - So. Standard, 100 at 1.20; 300 at 1.10. eo; vellrw ms Tintic Lead, 500 at 26c. larqe ? Un. Park City, 5T0 at 2.87M; 400 at no large 3.50.375; white medium 3.253.00 50 2.87V3; 100 at 3.00; 100 at 3.12'. lar9e 2 tionally. Lack of audits lends to embezzlement In some cases, he said. Persons wo do not take vacations may not be. interested in their work but do not want to leave their job open for in overtime inspection, he added. Also, a permissiveness work by employers can lead to embezzlement, Mr. Molitor warned. , 58 37 232 43 148 43 150 584 90 23 14 20 7 38 48 29 10 22 99 41 15 366 Schlum 1.60 ScottPap .90 SbrdAL 1.60 SearsR Co 1 ShamOii 1 Sharon JOb ShellOii 1.70 ShellTr .84d ShellerMfg 1 Sheratn .40a SinclairOil 2 Singer Mfg SmlthK 1.60 Socony 2.80 SoestPS 1.08 SCalEd 1.20 SthnCo 1.80 SoNtGs 2.20 SoFbC Ismn Ry 2.80 . !4 kperry 39 39 9 39 Rod 20 20 9 20 Spiegel 1.50 51 30 51 4 50 1.60 SquarD V4 47 53 47 47'4 St Brnd 2.40 48 48 '4 122- - 49 StdOCal 2.20 43 44 43 431 StdO Ind 1 42 42 24 43 StOINJ 1 479 478 49 487 StdObio 1.80 38 39 73 39 Std Packing 12 13 211 13 StanWr 1.20 91 91 61 90 1A Stauffer 35 35 276 35 .60 Stanray 37 7 37 371 4 Sterlinq .75 57 57 86 57 Stew Wn 1 47- -14 24 466 474 Stone & W 3 Studebakr JSuburbG .64 11 4 SrayDX 1.40 64 634 644 70 62 604 61V4 Sun OH 4 SunshMn .40 68' 68 49 69 57 53 58 5741 Swift I. Co 2 2311 Over the Counter lb net 2I.C0 t.o.b. lot; feeds steers- -? 50 0) prime 1,225.1,325 lb 29 00; high choice 4C0 lb mostly arKj prime choice t 0 lb choice 600 lb 23.00, for delivery May 15 to in9 OTd of 1,150 b 28.50; choice 1, June 1 and t.o.b. ranch with 1 per cent !b couple of loa jjj shrink. 0 lb mxied good and choice s OMAHA Hos 12,000; standard and low good and gilts under 250 lb higher; good load of high choice and sows 25 heavier strong to strong higher; 1 1b to 50 higher; lb lb sows 26.25; package of high choice and prime Cattle 12,500; calves 400; steers and hei- 26.50; mixed good and choice fers higher; sows 25 higher; choice good utility and commercial lb steers 27.00; cows with few prime canners and 0 lb choice high few shelly canners 10.00-1.00; lb heifers choice and prime to commercial bulls utility and 26.00; most choice utility commercial cows Sheep 400; moderately active slaughter Sheep 1,500; old crop wooied'and shorn lambs and shorn slaughter ewes steady; lambs about steady; spring lambs weak double deck mostly good 101 lb shorn May 18, to 50 lower; ewes steady; choice wooled slaughter lambs with No 3 pelts 22.50; lb Friday's bank debits lambs 23.50; choice old crop shorn 24.00; few packages choice and prime cull to good shorn Same day last year choice some with end prime soring lambs spring few to 7.00. slaughter ewes utility shorn ewes Monday's clearings Same day last year 1 SafewaySt 1 StJosLead 2 St Reg 1.40g SanDgo 1.52 Sangamo El Scnenley I 1 - SumLOS ANGELES mary feedlot and ranch sles for week ended May 8. Slaughter steers and heifers were moderately active, firm to 50 higher; feeder steers were 50 higher in an active trade; reports include 1,050 slaughter steers, 150 slaughter heifers, 55 slaughter calves and 1,525 feeder steers for delivery for within 10 days to two weeks unless otherwise stated; slaughter steers 325 choice lb included 240 at 26.00; lb 360 mostly choice lb 200 good and choice 80 choice heifers slaughter lb 24.00, sales f.o.b. lot net weight at 5 per cent or a 4 per cent shrink with one .60g .80 RoylD 1.72d Rubrirtd 1.60 2 the better. In Rohr-Cor- 27 32 65 2 38 18 ... 3.40 Rayetto .48 Raynier 1.40 Raython .60 Reading Co ' Republic Av RepublStl 2 Revlon 1.30 RexaH JOg Roy Met .60 ReyTob 1.80 Richfld 1.80 Riegel P .80 Robertshw 1 Roch GE Ig Rockwii 1.20 1 73 22 ... t 'I 437a-73-4 22'm 32 15 564 554 564 1174 116 1)7 Vl 91 3Vb 601 601 331 391 37 56 16 309 117 24 29 297 6 65 114 37 Vt Vl 1 671 49- 4- W t 108 67 VI V4 39 4 26m 4 2 -s16 46 15 . Parke Dvs 1 Peabody C 1 Penney IVla PennDxCt 1 PennPL 1.44 Penn RR la PeopGs 1.60 Pepsi C 1.60 Pet Milk Pfizer&Co 1 a Vl 67 21 26 49 37 15 97 32 PhilaEI 1.40 PhilMr 3.60 61H- -1 Phillips Pt V4 164 Piper Air la Vl 62 PittPIG 2.40 34H Vl Polaroid .10 Proc&G 1.15 PSE6G 1.36 344 2 21 H Pullman '4 PureOH 1.60 441 H W 1054 194 1071 1074 324 33V4 39 '4 394 IS4 174 177 X283 71!!'! 53!l 22 227' 464 6 17 ! 22 224 471 325 130 GnAccp 110 Gen Baking 224 Gn Dyn .50b 77' VI Genl El 2.20 521 52 Gen Food 2 67 681 GenMili 1.40 1 561 57 Gen Mot 2' 47 47i 47 G Preen 1.20 35 34 G PubU 1.36 4 Gen Fefrac Co 184 184 VI 811 82 Gen Stl 1.20 GenTelAE 1 .60 Sf HiiT W GenTire Gene sc l.i V4 171 18 GeorgiaP Ig 70'4 Giliett 1.10a 18 I .18 V4 GliddenCo 2 54'4 52 2.20 1212 - '4 Goodrh Goodyr 1.15 V4 47 461 GraceWR 1 59i 594 22 23 7 l 46 291 Bullion, 3,000 at 6c; 2,000 at 6Cs Champion Silver, 100 at 3.87'j; 20 at 4,25; 200 at 3.87V1; 100 at 4.00. Quotations National Association Chief Con. pfd., 50 at 3.37M; 600 at of Securities from Dealers, Inc. at approximate3.62V2; 400 at 3.50; 50 at 3.37Vi; 4,000 at ly 1 p.m. All bids are interdealer bids, 3.50. asked prices In national list are interClayton Silver, 1,500 at 39c. dealer prices. Interdealer quotations do Colorado Con., 500 at 20c. not include retail or Combined Metals, 2,000 at 22c; 500 at commission. The markup, markdown, asked prices In local list 22c. have been adjusted upward to include apComet Co., 600 at 72'2C. proximate markup. Cr. Eagle Oil, 500 at 4,jc. East Utah, 1,000 at 67'2c; 1,000 67ViC; National Securities 2,000 at 70c; 600 at 67'c; 10 at 60c. Bid Asked Eureka Bullion, 1,000 at 10c. Albertsons Inc. 41.50 42.25 General Con., 1,000 at 25c. American Savings A Loan 4.75 5.00 Gold Chain, 1,000 at 43c. 17.00 17.50 Grand Deposit, 500 at 80c; 100 at 77V2C; Azec Oil & Gas 58.25 59.00 600 at 75c; 300 at 77Vac; 700 at 77Vic; 700 Boise Cascade Bonanza Airline 7.37 7.75 at 75c. 10.00 9.50 Browning Arms Great Western, 1,000 at 4c. 21.50 22.00 Brunswig Drug Horn Silver, 1,000 at 25c; 3,000 at 25c. 8 75 9.00 Ind. Coal & Coke, 500 at 1.40; 1,000 t Denver Real Estate 18.50 19.00 Equity Oil 1.40. 37.75 38.25 First Sec. Corp. Kashmir Oil, 3,000 at 8c. Frontier Refining 669 97.00 101.00 Park Premier, 1,500 at 4'jc. Inlermountain Gas 26.50 27.00 Rovston Coal, 6, COO at 9c; 4,000 at 9c; at 39 42 26 46 1 1.20 1.20 63i Vi FMCCp FdFairS .90 1041 .80 FoodMrt 461 2 2991 KH Ford Motr .40 ForemD 53 H 1.60 FreeptS 1 45 IVl Frghauf 10 24 FlintkoteC H FlaPwr 62s 63 29 . 51 27 62 1 1 CaroTel 11c. Paramont V4 CaIPck .80g CaiHecIa .80 CampISp .90 CanDryCp Cn Pac 'la SALES 20 ,8 1.60 1.40 1.60 2.40 CarlPLt CHICAGO (UPI) Live poultry: Roasters special fed white rock fryers 18W21. brick 40 Cheese: Processed loaf 5 V4; Cheddars: 45V4; Muensfer single 40 lb daisies 42!-45- ; longhorns blocks Swiss: wheels too few to lb block Grade A 492-52- ; report; Grade B Grade C Wholesale selling prices as reported by Chicago Mercantile Exchange: Butter: Steady; 93 icore SS'a; 9? score 58V2; 90 Score 564; 89 score 89 score 57 90 score j. Eggs: Steady; white large extras 29; mix 1 large extras 272; mediums 25; standards 26; checks 22. Potatoes: To al U.S. shipments 696; arrivals 33; track 49; supplies light; demand good; mark-- ! slighty stronger. Track sales (100 lb U.S. 1A unless otherwise indicated': Idaho Russets 10.15; bakers 9.00; Maine Wisconsin Russet Russet bakers 8.50. Street sales: Idaho Russets bakers 12.00 12.50; Maine Mussets 8. CO; bakers 10.00; Minnesota' North Dakota round reds Michigan and WisNorth Dakota consin Russets Russets 8.50; Oreccn Russet bakers 11.00. Onions: Arrivals 60; track 92; supplies liberal; demand good; market slightly stronger. les: Texas vellow sranex ,ars J0r5Ck 52 8 142 193 PacGas 1.20 Pac Lt 1.30 Pac Petr PcT6T 1.20 Pan Am .60 Panhdl 2.60 - AshidOl i4 lAssolnv Atchisn . Att Ref Corp V4 Atlas 1 AvcoCorp ' Produce Urban Renewal is as essential to Utah as any other state," Mr. Willie said. Cities are going to change for bet- ter or worse and Urban Renewal can mak the change for A stocks on Ford Can S FronlAirl 5k Gen Baty 2k Corp Holly Husky Oil C Kaiser Ind Kirby Ptr .30 MeadJns' .48 Moiybdn Cp MtStsT&T N Video ,12b New ParkM Ookiep Perf Photo ShattDn .20 So notone Cp Std Met .10b .30d Syntex Tectmico .75 Tri Cont wt Dreyfus Eatn Bal Fid Cap Fid Fund 18.82 Fid Trnd 21.66 23.54! Sein In 17.24 17.24 Fid Mut 10.18 11. 13; Stein St 38.87 38.87 8.95 9.75 5.38 5.89 Tetev El F.I.F. 5.10 5.57 2.87 TwnC G Fla Mut 2.63 I TwnC 5.60 6.12 GROUP SEC Com St 15.68 17.16 UNITED FUNDS: 17.77 19.42 Ham hda 5.84 6.38i Accu 13.98 15.28 14.69 16.C5 Inv Bos Incom 8.52 9.31 INVEST GROUP: Scien 12.65 13.75! UnF Cn 5.81 6.35 Mut 21.83 23.73, VALUE LINE FDS: Stock 10.45 11.24! val Lne 6.84 7.50 Select Var Pay 7.99 8.69! Val Inc 6.08 6.66 6.77 7.31 Val SpI 4.01 Intcn 5.24 5.73 Inv Res 11.92 13.03 Vargrd Istel Fd 38.79 39.57 .Walls In 11.2112.25 iWsh Mut 12.53 13.80 KEYSTONE: 11.20 12.231 WeH Fd Dis 15.54 16.93 Inc Kpl 10.06 10.98 Wndsor 17.33 18.84 p'linjr x Selected OfldenC medi- Besides the opening of the legal gate by the state, Mr. Willie noted that savings and loan associations have been cleared to invest in redevelopment areas. Another speaker, Dr. Frank Stuart, University of Utah economist, said freeport tax exemptions, along with other factors, will have a direct relationship to increasing the economic benefit of the minerals in the Great Salt Lake. He said if Utah can provide favorable labor and freight rates and cheap power along' with freeport exemptions, could well situate mineral processing plants in the state rather than shipping the minerals outside to processing plants. Harold Molitor, representative of the Continental Agency Co., told mortgage bankers that proven losses from embezzlement have zoomed to 20 billion dollars a year na- Ten Leading Stocks Mutual Funds Competition Creates One Bad Aspect The competition has created one bad aspect in financing, Mr. Cameron agreed. With plentiful funds, the mortgage banker tends to become relaxed and looser financing is arranged, he pointed out. A person who couldnt obtain mortgage money two years ago, may now"get it under this situation. However, the increase in foreclosures has been mainly attributable to the leveling off of an inflationary rise, in the past four years. The delinquency on mortgage payments has continually declined so far this yqar, he added. Weve come to the conclusion that it is more important to have a few foreclosures and no inflation rather than the opposite, Mr. Cameron said. Industrials 25 Railroads 50 Utilities 500 Stocks 425 (Prices by loose dozen) Grade Eggs Poors Closing 500 Stock Index NEW YORK (AP- )- Dairy Market 55 156 AllghCp J0d AllegLdStl 2 AllegPr 1.06 AlldCh 1.90o Allied Mill 2 Allied Sirs 3 AllisChl .50 AlphaPC .50 AlumLtd .80 1.40 Alcoa Amai Sug Amerad 2.40 AmAirln 1 ABrake 2.80 ABdcPr 1.40 AmCan Co 2 A Chain 1.40 AmCrySfl 1 Am Cvana 2 AmEiec 1.24 Am Exp Co A ExCo pf 6 AmForPw A Horn 1.56a AMachF .90 AMetCI 1.60 AmMotors 1 AmNtG 1.70 Am Smelt 2 Am Stand 1 AmSugar la Am Tel&T 2 AmTob 1.60 AmZinc 1.40 Crp Ampex Amsted In 2 Anacon .75b AncHG 1.40 ArizPSv .92 Armco Stl 3 Armur 1.60g Arm Ck 1.10 . & OkVftNG vmrF OiinMa 1.40 OrangeR .64 Outbd M .60 OwensC 1.40 Owen III 2.70 OxfdPp MO Hitti Low CIom Chi ' 27 684 67 68 Salt(M) and this year. Standard stock a toadbady 4 Ce. Stock Kxcnmg Mr. Parker Utah, the effects of an oversupply of housing, particularly in apartments, have been felt in the latter part of Jast year AA 35; 30. Final Quotations NEW YORK (UPI) Selected stocks on the New York Stock Exchange Monday: Mondays Quotations Mtmbar af ttig New Interest- 7 Chicago Tribune New York News Chicago Daily News stock dividend; (h) capital distribution; (i) per cent In steak paid last year; (k) per cent in sta&T'ix) FRACTIONS: (f) indicates following figure is fraction in 32nds. Dow Jones Averages ' New York Times ftstmf Bylchwabacher Co,: All salts in hundreds (00 emitted) except for those designated (l) which tots and carried art traded In In full. DIVIDENDS: (a) plus extra; (b) declared or paid so far this year, no regular rate, (c) payment an accumulated dividends; (d) paid last year; (e) cash plus stock; (g) annual rate plus V The age groups that generate new house demand have been in a declining phase and will not increase noticeably until 1967, Mr. Cameron predicted. He pointed out that after 1966 the buying age group . the male population between 25 years and 44 years old will increase at an average rate of 190,000 a year. If everyone of these males entered the housing market, they would add about 10 per cent to the prevailing rate of new house construction, he said. A survey by the F. W. Dodge Co., a marketing and information division of McGraw - Hill, Inc., showed the residential construction in Utah during March was down three per cent, while nonresidential and nonbuilding construction show-- , ed substantial hikes. For the first quarter, nonresidential construction in Utah was measured at 17 per cent below that of last year. There is a trend toward the Mr. Cameron eventual absorbing of apartment units, Mr. Cameron said, with ample evidence of a swing toward apartment living by the extreme ranges in population age groups the senior citizen and the young person with his first job. UPI New York Stock Exchange: Close 25 Mines Markets Finance Crain Futures Tribune Staff Writer Mortgage bankers are out beating the bushes for yt the flat ienal5HW.r-k- t that has ample investment money but not a lot of demand to use it up. This market survey was from . q 0amerorli Raleigh, N.C., 'dent of the Mortgage Bankers The Sait Lake Tribune, Tuesday, May 11, 1965 OFFICE HOURS SO. MAIN 364-641- 1 44 36 311 4 02 t |