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Show 1 trials Order City okllZ University of portent I AMERlCf WESTERN 40 v9 J VOLUME 17, NUMBER 244 i The Utah Population Work Committee has completed its July 1, 1973 estimates for the state and each county. The Committee met several times during the year to prepare tentative and final preliminary estimates. As the preliminary population estimates were prepared, the Committee noted that the components of population change indicated a consimilar to the tinued large identified with the past two years. This large was later substantiated when final employment, school enrollment, and L.D.S. Church membership data were obtained and compared with the natural increase statistics. - The NEW YORK (UPI) Conference Board, an independent business and economic research institution, said in a New Year's The preliminary July 1, 1973 state population estimate of 1,157,000 as agreed upon by the Utah Population Work Committee, shows an increase of 39,000 persons over the 1972 estimate of 1,128,000. This preliminary estimate is the same as the recently released Bureau of the Census preliminary estimate (unpublished) of 1,157,000 population for Utah as of July 1,1973. As in previous years the bulk of the population increase was centered in the four Wasatch Front counties Davis, Salt Lake, Utah, and Weber with "Salt Lake County gaining 8,000 persons, Utah 5,000 and Davis and Weber Counties gaining 4,000 and 2,000 persons respectively. Changes in Utah's Population by County July 1, 1972 to July 1,1973 HU WEDNESDAY. JANUARY 9, 1974 Research Board Says Shortage Overestimated - County Population Estimates for Utah July 1,1973 By John E. Brockert, Chairman SALT LAKE CITY, UTAH Increase No Change report, January 2, that the have may government overestimated the petroleum shortage in the United States by as much as 1.3 million barrels per day. The Board's Energy Information Center said it estimates a shortage of 2.4 million barrels daily, provided the economy is strong. If it is not strong, the shortage will be about 2.2 million barrels daily, it Ombudsman Helps Senior Citizens These figures compare with a shortage of 3.5 million barrels daily that President Nixon forecast for the first quarter of 1974 in his energy message last November 25. The Board analysis said all forecasters have been handicapped by the inadequacy of data on the energy shortage and by the possibility of the Arab oil producers changing their policies on quick notice. The Persian Gulf states, for instance, at year end eased their embargo on oil production and sales to Western Europe and Japan. V. Lucille Hutchings, a legislative cojomissioner is available for the investigation of Senior Citizen complaints of bureaucratic abuse as an independent spokesman and advocate between government and the individual. If you need Mrs. Hutchings' help, call her at or come to her office at room 406 City & County Building. - WASHINGTON (UPI) Rep. has asked the Les Aspin,' Supreme Court to block the Federal Power Commission (FPC) from deregulating the price of natural gas. In a brief filed December 26, Aspin charged that the FPC and the s., natural gas industry were using the energy shortage "as a phony excuse" to attempt to raise prices. The Circuit Court of Appeals here already has ordered a stay of a commission order that frees interstate gas prices for up to six months. The Commission has asked Chief Justice Warren Burger to overturn the appeals court decision. said the Commission's deregulation order would cause a huge price increase in wellhead gas prices, which could be passed along Aspin consumer. "The energy shortage is being used by the federal power commission and the industry as a phony excuse to attempt to raise gas prices 300 per cent," Aspin said. Natural gas currently sells for 20 to 40 cents a thousand cubic feet. Deregulation would boost the price to more than $1 a thousand, according to Aspin. said the price of natural gas should include cost plus a "reasonable profit." But the giant gas companies are determined to use the current energy crisis as a vehicle to gouge the consumer.' He In his brief, Aspin asked Chief Justice Burger not to overturn the stay of the Commission order, so that a full hearing on the matter might be held. He said the Conference Board undertook its analysis not to challenge the government's estimate of the shortage but to enhance its perspective. Percent Nonagricultural Wage & Salaried Employment Change Building Permit Change ( Moving Average) Overall Sales Change (Weighted) Overall Postal Receipts Overall Demand Deposits Overall Time Deposits Consumer Price Index ( 1967 Base) 137.6 Nov. 1973 Lou 5.7 35.6 15.3 32.3 13.7 - 28.8 126.9 Nov. 1972 - NEW YORK Estimates indicate holiday spending seven averaged only per cent ahead of last year a disappointing showing. Retailing economists say consumers didn't buy as many items as last year; that the increase in dollar volume can be traced to the sharp increase in prices. As one bank economist put it: We get reports that shoppers this year looked for bargains and quality, whereas last year they - SALT LAKE CITY N. Eldon Tanner, a member of the First Presidency, Church of Jesus Christ of Latter-daSaints, whose background also includes a long-terinvolvement ' in oil and gas development in Canada, was named Thursday as a director of Mountain Fuel Supply Company by unanimous action of the Company's board. He fills a vacancy created by the resignation on October 23, 1973, of J. C. Donnell II, Findlay, Ohio, who served as a member of the Mountain Fuel board for more than 36 years. Mr. Donnell is chairman of the board of Marathon Oil Company, also of Find-lay m y. Arrangements for President Tanner to become a director were made in early December, said Mountain Fuel executives M. M. Fidlar, chairman, and B. Z. Kastler, president, but were not formalized until Thursday's meeting of the board. The board is composed of 11 members. President Tanner was born in Salt Lake City but spent much of his life in western Canada where he held a variety of positions in his church, government and industry. He was prominently associated with ofl and gas operations in Canada, first as president of Merrill Petroleums, Ltd., and later as a president of the Pipe Line and of the Canadian Gas Trans-Canad- dwifa CHRISTMAS SALES IP PER CENT HIGHER MF Announces New Board to the and phasized. . Member -- president 328-704- 3, " Gas Controls Board the former U.S. secretary of commerce, said that despite differences in the forecast of the degree of shortages there is no question about its reality. "No one should turn their (sic) thermostat back up after reading our report," Trowbridge em- (1973 compared to 1972) (See details page 4) Lawmaker Sues To Keep Natural Trowunuge, Provo Economic Summary Utah Supreme Court Decisions 'm Alexander added. splurged on "big ticket" items. This year there was more phasis on necessities. em- The word from Washington is that when Congress reconvenes January it will give immediate attention to a bill raising the maximum insurance on individual savings accounts from the present $20,000 to $50,000, and provide 100 per cent insurance on funds of state and local governments. The bill has the support of the Federal Deposit Insurance Corporation and the Federal Home Loan Bank Board. That makes its enactment a near, certainty. in Not much is said about it in the news media but the collapse of the United States National Bank of San Diego, Calif., in mid-Octob- er has created a major transatlantic financial dispute, part of which is already in the hands of the Federal Court in San ' Francisco.' European and British banks are anxious to recover close to $100 million in loans made to or through the San Diego bank! These weren't included in liabilities assumed by the Crocker National Bank of San Francisco and the Federal .Deposit Insurance Corp. The loans in dispute were made to businesses associated with California financier CA. Smith, who then controlled the San Diego bank. The foreign bankers claim these were "interbank" leans and the FDIC should cover them. FDIC is expected to reply the loans were made to the Smith a firms, using the San Diego bank merely as a r f Eiiropeatf bankers are pressing their claims in Washington, afany arertready cutting their credit lines to smaller banks. ' One thing is certain, say New York bankm, hereafter fter will be tougher scrutiny of foreign bank lending to smaller and medium-W- . VS. banks when ttiey get application loVloftt -- |