Show Gf 4F — ‘r a Forbes Is Frugal NEW YORK (AP) — Million- Sunday December 6 1987 The Salt Lake Tribune Economic Viewpoint aire publisher Malcolm Forbes says he's a frugal man But then there is his $5 million 151-foyacht with its Teetering Dollar Puts US on Tightrope uous about the value of their currencies Otherwise the international currency speculators might make billions driving the foreign exchange markets on wild swings that would be devastating to the stability of the world trading system and to blameless people and companies who exchange currencies for more whole- By Robert Reno Newsday Writer The dollar took an awful beating and the stock market had apoplexy Monday ’But everybody of substance in the Reagan administration was busy leaking even Tuesday the news that it wants a lower dollar This contradicts President Reagan’s statement three weeks ago that the dollar was fftie right were it was J“I don’t want a further decline” the president said Nov 10 Now it is extremely important that governments be publicly ambig r some economically productive purposes W'ith the Reagan administration however it’s probably a tossup as to whether it’s trying to confuse the currency speculators or merely confuse itself Marlin Fitzwater the president’s master suite outfitted with green marble and the sumptuous parties he holds there ‘‘Some of my expenditures shall we say minimize the savings I’ve accomplished” Forbes told US magazine in the Dec 14 issue Happy Rockefeller one of the many recognizable guests at a “no occasion” party on the Highlander sums up Forbes’ philosophy “The wonderful thing about Malcolm is that he thinks of money as manure You can put it all in one room and let it stink Or you can spread it around and make things grow — which is what Malcolm does” she said spokesman commented masterfully on the situation as the dollar was collapsing Anyway the European central banks moving in the inscrutable way central banks so often do stepped in with massive dollar purchases This caused the dollar to stabilize in European markets and punished the speculators who’d been selling it down the river This could mean one of several things — Reagan really doesn’t want the dollar to decline and the European central banks were acting in coordination with Washington Continued From F-- l the early 1970s they were allowed to be their own boss “There was no centralization and none of the salesmen were required to tell anyone in the company where they were going who they were seeing or what they were doing” Mr LeVitre said Today the sales force of five outside and six inside representatives has been consolidated to be more productive “The company provides weekly updates to the salesmen on their accounts and customers But we require them to tell us who they saw and where they went They’re also required to track their individual sales levels every week so they know where they are and how they are per- forming” for The Salt Lake Stamp Co in addition has firmed up its credit policy and collection procedures a move that Mr LeVitre said was vital for Holiday Giving AUTO PARTS Company Has Left Its Stamp On SL Business Community operating in a tough economic envi- ronment “We’re now watching our cash flow very carefully" he said “In some ways its like walking a tightrope trying to balance your need to keep and support customers with your own cash needs” The company was originally founded by Jacob Schaub who opened shop at 63Vi W 200 South in downtown Salt Lake City in 1897 In 1910 the Cannon family whose patriarch was the polygamist and Mormon Church leader George Q Cannon acquired majority ownership of the company The Salt Lake Stamp Co has been in the control of the Cannon family ever since Mr Cannon and Mr LeVitre who married into the Cannon family now own the majority of the company’s stock well-know- n GRANDFATHER CLOCK an Independent Businessman and Find the Success You've Wanted with BIG A Always If own successful business wanted to own Be Dep mors on our m $ 10000 orMndwt—Eem $&! ¥ TURBO XT 'COMPLETE SYSTEM 8 Money each war lawraw eflecS anew PUiSJhfc steoeni Cfctefc inewoao FREE Thomas List PriceSetb 41276 th now you've always your is the time to da it Big A one of the nation's fastest growing euto parts store programs for independent businessmen is rapidly expanding in Utah Idaho Wyoming & Nevada We're looking for people who don't mind working herd to reap the rewards as a profitable Big A Auto Parts Store Owner 'Perhaps you already own an auto parts store but your supplier 'is not helping you get your share of your market We'll help you be ? 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