Show t Bn PILOTLESS INTERCEPTOR Banner Year Looms for Closes on Low Note Travel Trade Mullaney Tuesday the Here’s Glance at Product In Hoped-Fo- r SL Plant By Robert W Bernick Tribune Business Editor What is this Bomarc guided missile which Boeing Co may manufacture at No 2 airport in Salt Lake City Utah" According to aviatlop writers the “1M 99 Bomarc’Ms y a ‘‘pilotless interceptor'’ which will seek out and knock down long range headed against the United Statesenemy bombers The Bomarc program is US Air Force missile projects says And development is spearheading "an entirely new air defense weapons system" the firm says in information releases Primarily a ground-to-aidefense weapon ?ainst bom! attack the pilotless interceptor eighs more than four tons according to By Steven V David Associated 1’ress Writer KV YORK July 9 Airliners essen-vmall- -- and steamships on the Atlantic run are jammed these days as what promises to be a record tom ist season hits its peak netting a ticket on a plush Atlantic liner Is next to impossible It's only a little easier It was the first weekly on the ait lines which have! decline in eight weeks added extia planes to take care The New York Times comof the rccoid demand bined average of 50 stocks "KICHT NOW over the At closed at 31479 down only 002 lsntic were going through the point for the period In the first ? days of trading a gain of heaviest passenger-haulinpe0 38 points had been registered riod we've ever known" says The automotive company's Willis (1 Lipscomb sales vice dramatic announcement on its president for Pan American sor sPht failed to provide the market with any general or Wot Id Airways ''Our flights out of New York sustained stimulus It did howand Los Angeles for Europe are ever create sympathetic interest in a few other issues that per cent filled" reports Warren K Kraemcr vice presi- might be likely candidates for dent traffic and sales for Scan- split-updinavian Airlines System Till: PROPOSED spilt In i"U fchlP °uld increase its Indus- ’'ado“rh?r United States total of 92894 500 in service this year we’d be able shares to 278683 to keep her full for the balance 500 if outstanding stockholders approve the of the year" comrticnts United action in September Stales Linos When stock trading resumed Pan American says Us c business is running S3 per cent ahead of last year 1 g r Th ro Magazine says the Bomarc speed of sound which means the interceptor sea level would travel at more than 1500 m h p ' J1' ° MarC!l 11 g Climbing rate is at better than 20000 feet a the projectile can reach at least 60000 feet theminute and magatine reports William Schulze aviation writer for the Seattle Post- Intelligencer said in a recent article that "Two gasoline-burninramjet engines slung under the Romanes stubby triangular wings are said to power the missile The ramjet is a flying stove pipe a tube with no working parts Compressed air is required for combustion of fuel and this compressed air is provided by g the pilotless plane's teriffic-forwar- Bomarc pilotless Interceptor climbs at rate of 20000 feet a minute carrying explosive war head in nose for purpose of destroying enemy long range bombers headed toward the I'SA s r speed” Mines Markets Business News 'NO INFORMATION IS GIVEN as to how the missile Is powered at takeoff but some missiles are fired into the air with a small rocket engine which drops off after the fuel is Mr Schulze reports An article published in a Boeing employe magazine last year said the Bomarc stands upright on its tail before being fired from a launching pad the said Mr Schulze writes that: "Range of the Bomarc is not But it can be determined from Boeing’s account of howgiven performance reports are radioed back automatically to base firing " He says the current flights cover 225 miles" Present Bomarc’s made at Seattfe Wash in the Boeing research division are being tested at the Air Force's Missile Test Center near Cocoa Ha The test range extends out over the Atlantic for 1000 miles The Boeing Magaxine says that a flight test “costs several hundreds of thousands of dollars" By Thomas E New York Times Writer NEW YORK July 9— The stock market propelled chiefly by the General Motors announcement of plans for a 3 for-- stock split soared to new highs early this week Other favored issues also scored sharp gains then heavy profit-takindeveloped and the (market showed a tiny loss for the week Dow-Jones—AP- UP— INS—New — Investors Eye Forthcoming Genevh Meet Pres By Associated NEW YORK July the Rig Four heads of govern9--When York Time g trans-Atlanti- Last Week in Finance Hv "The - The NEW YORK following teble give nperetinc mult In nietor luifd of hiinmru July and fmeme m the latnat week toxether with compel loom with Iha preceding waah and a ai ago lata at Wk HI Freight carlnadinga MIm freight Auto prod lunitai Soft roal prod (Iona Crude oil prod itilila Ei Paper prod noaid oroi Stork aalaa lanaieai Horn! aalaa (par valor Bua failtirei (number) Wholeaale prleea (HI s Index! Elec power prod (kwhi Bank clrarlnga Tiemand depoalt Buemeu loan Fxcee reeervee Treaeurv gold atook Broken loam tto 7 714 77 616 SIR 77 175 OHO 341424 106 16R 1 171000 H 110710 176851 IKK) 1 474 000 6342 WOO 1000 I2WH51 July 4 holiday Du Pont and GM paced a generally higher and ' active market Du Pont which had advanced 17 points the week before Jumped 10 Gen eral Motors rose 3 Steels' chemicals and bils also were in : demand About an hour after the mar-ket closed the reason for these strong moves became apparent when GM announced Its stock-spl-it ' plan $x i j Nf Wednesday Saw atrong demand for both GM and its biggest stockholder Da Pont' It was nearly two hours after-thopening before trading could get under way in GM The opening block was 83000 1 1 1 t I shares at 128 up 14 The price later dipped to 123 but closed at 127 Du Pont had net ? 4 gain of 2 These advances together with gains in other selected issues put the combined average up 213 points for the day following Tuesday’s gain of 423 points i f r - ALTHOUGH the "averages" advanced on Wednesday more issues declined than showed gains (636 against 361) and prices were easier late In the day The downtown was ae celerated on Thursday the combined average dropping J24 points Du Pont which is weighted heavily in the indus- Agency Takes trial average because of Action in ous stock splits dropped and GM declined It was the market’s widest decline Car Shortage since March with motors O chemicals coppers and ateela timetable shows 112 flights a week in both directions during July” says Lipscomb "but it has been necessary to add extra sections to meet the demand Our peak of peaks will come next Week when we fly 16 additional flights across the Atlantic pM l Amm-ieter- following :n previ11 2 14 Dow-Jon- r ' weakest Servlc On Friday the trading pace WASHINGTON -- The Inter-slat- e an o Commerce Commission slowed perceptibly and the mar11 MS 4‘0 R211W46 117012000 ment gather at the conference 16180000 “IN SIX WEEKS this season has moved to ease the acute ket eased The Times index The 211 says that “special equipment for 112 non able ln Genev 110 0 and week from easthound we will send 750 shortage of freight cara in all dipped 015 point translating analyzing telemetered reports from the missile in l in oooooo 6H21 000000 noo in flight is manufactured by the Tally Register across the ocean and parts of the country 17170164 tlH1R(Ml 000 planes Corp near Monday their deliberations will 10 Ido 0O00O0 THE STRENGTH in the steel 53318000 £00 Seattle 111 4H1 21 000000 AH 000 000 roughly the same amount can 6H40OC 000 be watched with more than Issues THE AGENCY 1117 temI4H0 ordered arly in the week was 000000 000000 An explosive warhead in the Bomarc’s nose be expected to work the other 111 87 000000 21 677000000 destroys Its ordinary interest by one seg21627 CoOOOO to the in dui try’s attributed porary for regulations railroad HH2000Obo II I II 621000000 71)(100 000 direction target automatically the newspaper reports late this summer 30298000000 30 021 000000 IIQOAHOOOOOO ment of this country’s investors Money In rlmilatlnn wage-priccar settlement United movement aimed at when vacations have run out freight States Should the airplane company locate Its facility In Utah ’ more Steel advanced its price4 cars into rushing service These are the folks who and travelers come back to the the missiles would not of course be test flown from the an average of $733 a ton followThe rules are like those of the Russtates" Lipscomb adds bought up Association of American Rail- ing the airport wage sian imperial bonds at a Kraemer says that SAS flights roads for and car movement the agreement in Industry from New York to Europe have The first two letters Bo stands for Boeing while the “marc" steady clip during the past followed suit general week BUT been ICC’S rules carry teeth filled to capacity since atand for the Michigan Aeronautical Center of the University This means a Jump of about ICC and AAR officials' exof Michigan early May In just three days one and a 600 million dollars a year ln the “Californians and other west- plained that the commission cost of (The center has since been renamed the Willow Run quarter million dollars “face steel to consumers But By Joe Fitzpatrick erners are going to Europe In regulations carry a penalty of homes are Center of the University of Michigan thg furcity pushing value" of the issues changed has there been no clear Indies-a fine for violation whereas Tribune Staff Writer and further away from the record numbers too" he adds ther as hands climbed to their tlon of the extent to which the they IT IS REPORTED THE BOMARC PROJECT Involves more “Our polar route flights have AAR rules are voluntary Salt Lake City is creeping downtown area steel increase will be passed than just design and development of the missile itself Also highest levels in more than nine The freight car shortage as of This is also true of the west- been carrying 100 per cent loads over the mountains years to the public by automoeast along Involved are all allied control ground handling and logistic ern part of the city Nor has for the past 13 weeks" July 2 reached 10685 cara com- tive and appliance makers The imperial of 1919 and northeast and southeast equipment of “the complete defense system” the southwest been neglected Kraemer notes that a lot of pared with a shortage of 1947 Another important develop ‘ of 1921 worth 73 mil“Successful firings" have in the last 12 months been the the It is stabbing into the in this expansion In fact the people who went to Europe for the like week in 1934 ac- ment of the week was the treasmain part of the development program the Air Force an- lion dollars when originally sold to the west and It is entire area is in 1916 started this year at 4 outward last year are going back again cording to Arthur II Gass ury’s announcement of plans lot nounced earlier in 1955 filling) in places 4t previously in almost everypushing chairman of the car service dithis year direction raising $2750000000 in cash as ' As recently as the middle of overlooked vision AAR slack period in tax collec- the “Instead of May they were at 3 ONE Then the NOTABLE aspect of making one franThe city and its surroundFreight car loadings mean- tlons begins the tremendous homebuildintf tic trip to see all of Europe Big Four leaders agreed to — suburbs in ing fact while the for the week ended summer meeting and the RusMr Staten said is the they’re going to a different area THE BORROWING is to comwhole el Salt Lake County— activity sian bonds began a gradua July were U 616 per eent bine “ long-tereach year" he says marked swing to is financing out" experiencing its greatest houses It used to be that the Trans World Airlines reports sebovt the aarne week last climb until this week when they side banks with a short-terbuilding boom in history rose sharply vast majority of new homes that passenger loadings for )rer loan on tax anticipation certifiwere in June totaled nearly Europe Passage of the Senate bill to while therp Is little chance of MR structures GASS Houses are cates maturing next March The like that the explained THE ISSUES which the Sospringing up he said but this year it is esti- 10000— up” 114 per cent over repeal the Silver Purchase Act the bill s passing both houses viet In dandelions terms were In keeping with gentoIs a rapid land business at upsurge government has repudiated of 1934 would be another seri- this session a favorable comand so relentlessly mated that more than half 'of last year gether with trucker strikes in eral expectations In the finanmore than doubled their price ous blow to the already de- mittee report would be damag- of the city moves out In search of the houses being built have Advance bookings for July on the West and New England cial district and caused hardly seven weeks ago ddinj lead-zinTWA were 30 per cent greater have three bedrooms new breathing space pressed industry the ing for the future diverted a heap of traffic a ripple in the market A sucthree points in as many days As a A hearing and a favorable reUtah Mining Assn told Sen consequence the homes than a year ago to the railroads C W Taylor cessful outcome for the financP Earl Staten vice executive Marks Wallace F Bennett port the letter stated “can & A spokesman president and counsel for the being built are somewhat larger THAT QUEEN of the seas director of ICC’s bureau of ing is expected r Co which forin specializes Saturday in a letter outlining only serve as evidence to the Utah Home Builders Assn said —averaging between 1000 and the SS United States ran The economy is still moving safety and service adds "We’ra atprac1200 aid: securities “We’d lead-zinfeet’ Mr Staten the relationship between silver square now getting Into a heavy that between 4500 and 8000 that our eign industry grain strongly The government retically full the first quarter of production-xdPlead-zin- c cause has fallen on deaf ears" tribute 90 per cent of the rise new homes will be built in the said harvest in the Midwest and ported that totaL civilian em- this and in full to the forthcoming Big Four confbletcly "Actually" the' Home Build- the year West which will bring heavy ployment reached a record high area this year The letter was signed by talks and the recent aecond quarter ers executive added friendly “the is This city the numeasily U Miles P largest S Llnea predicta that both loadings until about October" of more than 64 million persons THE LETTER was sent to Romney manager of gestures In Moscow” is growing faster than most peober ever n June Labor Secretary James in constructed the association the any United States and the SS Sen Bennett as chairman of the There is a theory among some AT A 8PECIAL AAR meet- P Mitchell ple imagine single said construction year America will be booked Conference of Western Senators close ing in Chicago last month the "Just drive out to what used It stated that while the de- investors that If Russia and the a new peak last month reached to 93 of cent and urged that group to make pressed plight of the lead-zinper for to be United States ever got together the outskirts of town It PREVIOUS HIGH was in capacity railroad! pledged a minimum of and that these and other develevery possible effort to prevent industry has been recognized Russia would make a settlement 1950 Mr Staten said when ap Isn’t- the outskirts any more” the entire year 38000 new freight cara to help “all seem to point to a opments "We’ve to had turn away hun- relieve the the bill from coming up before by the executive branch of gov- on the defaulted bonds so she proximately 4000 homes were shorlkge 1955 aa a record year for the dreds of the Senate Banking and Cur- ernment and promises of relief could get a big loan from Wash built However the average for requests for passage American Some of worker” them are Million and these space Bond expected rency Committee for Scheduled have been made those promises ington people have the past several years has been either had to find their way to be delivered‘ by the end hearings on July 13 about 2500 are still only “carrots dangling — SACRAMENTO The bonds rode up and The over on other lines or go by air” of this year The current boom also is reThe letter points out that out of reach" Toll Bridge Authority down on the shifting currents The ICC regulations take flected In the increased value plans to market 43 million dob says a US Lines spokesman SHAD S3 & t of relations “Tourist class on the United 25 and expire Dec 31 of building permits ln the area lars in revenue July TRADES bonds this fall States is booked to Stalin’s death and Malenkov’i For the' first six months of this for a capacity his year The commission said new Carquinez Strait through September cabin class “An acute ahortage of ouster were interpreted as year permits for $18454179 In V Wmlter Van tlarkam t bullish signs and sent the quo- construction were issued in Salt bridge near the entrance to through August and first class cars exists in all sections freight Comldur— bi on Inspiring RxompU of the San Pablo Bay to the end of tations surging upward for a Lake County of th typltol tmoll mining company July" country” —IL DOIAOO— orithf time This is a whopping 30 per The obligations traded on the cent increase over the same 1 Aiictti HI S 64 0 -- i t W58fX-000- 0 e rr History’s Biggest Hoiiic Boom Fills Ont Salt Lake Valley long-defaulte- Re-aear- 5s 8s 1 flat-lan- v Prevent Repeal of Silver Act Mining Group Asks Bennett ' - - t three-bedroo- m J two-bedroo- pre-miun- v c for-Ca- rl -- c c - $43 Cal-iforn- ia ef-e- East-Wes- IF is American Stock Exchange period last year reached a high of 22 ($220 for a $1000 bond) in the 1945 post Primarily the construction bonanza is centered in the war 'era of friendship It was about that southeast section of the city time that Moscow expressed in- and on into that part of the terest in obtaining a hefty loan county from States which Below (and on) the mountains never materialized etween Parleys and Big THE COLD WAR later drove canyons Is the area of the bonds down to 1 or $1750 greatest activity New Individfor a $1000 bond Back in 1939 ual houses and new subdivisions the bonds sold for 310 or $187 are thick in this area and ' 'growfor a $1000 bond ing thicker Another factor in this picture Apparently Mr Staten said is a foreign claims settlements he boom is going to continue bill recently approved by the o move south with the next House and now before the Sen- area of concentration being beate Foreign Relations Commit- tween Big Cottonwood Canyon tee This measure includes a and Sandy He said this Is approvision to distribute some parent from the great amount of real estate purchasing and nine million dollars - Jn Russian assets under subdividing being carried out the Litvinoff agreement of 1933 n that section now But while the southeast However other than bondholder claims are known to area is making the most spec exist which would reduce this tacular gains it Is not making amount the only gains Consensus on Wall Street was In the Northcrest area (high that investors now buying the avenues) houses are perching issues tfere' hoping some even- jigher and higher oi) the mountual East-Weaccord might net tains every month And vacant them more on a settlement than ots at lowe elevations are they would ever get on auch a fast being filled in distribution of assets In the northwest section of This Wonderful Booklet Packed Full of Valuable Russian-America- Information— the-Unite- Interesting explosive facts you want to know about tha world's mightiest power and America's greatest boom n d Cot-onwo- ATOMIC ENERGY AND j CRANIUM BOOM brochure b Vel! ter Robert ik published nd copyright 1935 INDEPENDENT ECONOMIC SURVEY BUREAU teSili your aama and oddroM aad wo will mail yaa this valuable piece at ceurteiy litaratara absolutely fraa Writ Dept CSSS All ycete Lavo Mad a" INVESTMENT SERVICE CO FIRST NATIONAL BANK BUILDING DENVER I) st COLORADO I ct MARKET Canada Steps Up Competition in Crude Oils Anoclated Prn TUSLA OKLA July By Crude from Canada already beginning to seriously compete with that produced in the Rocky Mountain and midcontinent areas and Illinois This has resulted from new pipeline systems connecting Canada and the United States The journal said the Current aucfi h Fixed a iMti Ml 12411 3499349 journal said another reason for 2 Froporty— Six now claim acquired the boost In Canadian imports two week ago steadily is becoming a is the availability of refineries fully paid outand large consuming centers in atrong competitor of tl)p United right ot a fraction of the coit northern states States with her export of crude paid for - three T Construction of refineries ind oil into thii country the Oil & ciaime in thof oytlets ln eastern Canada is out Gas Journal reports Immediate area because of the 2000-300miles All former However Jp the long run separation from the western prepertiei Canadian production is expectfields and the cost of moving ’ ' oil import the crude the Journal asserted ed to help meet the demand of situation will be discussed 3 Management by — US consumers who will need policymakers and the result Obviously o t obi and more oil than can be supplied probably will be an Increase in SURVEY STAKE Me Van llrltem the at Canadian-produceof import domestically In the: next 20 over Stockholder! feel they owe a crude BARGAIHSI years the magazine ’predicted vote of thankf to Freiident Whitney Besides the increasing heed MARKISS C Han ten for hie earned end unreCANADIAN CRUDE moved of crude by US customers the mitting effort into this country in April averMARKISS Small wonder then that El Do rof aged 30000 barrels daily and lxJxiS" Mining Company itackhcider ot e w!!ldouble to the next few MINI WIDGISv epecM tneeting held Ihi week r months the journal forecast 2x4x12 eted on attractive offer to merge By 1960 the publication rec hooting to proceed eft their own ported oil production from Canitrengfh end excellent pe'enilet ada’s western provinces is exHUBS There may now be om ’m lliue telling ei low' a they II 3x2x11" pected to be some 400000 bar be— but IS" NAIOWOOD rels per day more than the Ea TINT ITAKII amount sent into the United I iiucttvi wksm vc'j rrr4 ' FOJ Soft lake States W0 Skip Anywkertf And by 1980 the article con'ft tinued America’ northern neighbor likely w ill be- produc-nr 3 2329 million barrels each day f’r t i or more than half the current R'p Cutting Threi“ n YxIvm UJS output fiititj la an-ada 0 In-f- ad k L :a d - $3000 sr - g LOGS 400 c 700 j 4°°'c 6I0C 3‘ u-- me l ‘f i- rt M |