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Show t .1 . The Enterprise Review, Page 6b July-21- , 1976 Pragmatic Dogmatics' THE IMPORTANCE OF BEING DULL by Kent Shearer Democratic strategists probably heaved a collective sigh of relief on July 14. It was then KEEP IT MOVING! If you want to keep your business moving, the Review can help. If you're running a business, you cant afford to be uninformed. The more familiar you are with your total business environment, the better able you'll be to take advantage of its opportunities. Because the Review is a specialized publication, we can provide our readers with the most complete, accurate, and diverse reports about the Utah business scene. Growth centers, sales tips, retailing information, advertising analyses, real estate, finance, investment opportunities, industry trends, legislation, management problems (and solutions) and more. It's all in the Utah Enterprise Review each week. Utah business is on the move. Move with it. SUBSCRIBE TODAY .J . .T . 1. illlL Yes, please send me the Utah Enterprise Review. Enclosed is an $24.00 check to cover my one-yesubscription. P.O. Box 11778, Salt Lake City, Utah 84147. ar they learned that ABCs telecast of the All Star Baseball contest the prior evening had drawn twice the viewers attracted by the National Democratic Convention, carried by NBC and CBS. Little wonder. The New York conclave was dull, duller, dullest. But thats the point. Political history of the past quarter century has demonstrated that the less exciting the convention, the better chance its nominees have of November victory. Consider the record. In 1972 the victorious GOP staged a affair in which the selection of Nixon and Agnew was preordained. The Democratic gathering, on the other hand, was high drama. Mayor Daleys delegates were booted out, Jacksons regulars and Wallaces irregulars made their futile stop McGovern stand, and the parade of freaks in attendance would have excited the envy of P.T. Bamum. The Eagleton affair was frosting on the cake. In 1968, there were elements of Republican excitement as Rockefeller and Reagan unsuccessfully challenged Nixon. The Democrats, however, staged the epic to end epics as demonstrations outside the hall pitted protesters against Chicago police and the tumult within saw McCarthy adherents vituperate ho-hu- m against war and Humphrey. The 1964 shoe was on the other foot. Millions watched on the tube as the Goldwater steamroller churned over liberals who predicted - and later assured - the Arizonans coronation defeat. The Johnson-Humphre- y was as if calculated to make Miltons poetry seem lively. 1960 witnessed both parties with mildly interesting affairs. Nixon quieted the misgivings of liberals like Rockefeller and conservatives like Goldwater. Kennedy salved Democratic apprehensions about Catholicism. Neither party had an edge in dullness, and a very close general election ensued. Adlai Stevenson made a fatal error in He enlivened a drab Democratic conclave by opening the Vice Presidential nomination to the floor. Republicans made no such mistake in their renomination of Eisenhower and Nixon. Only 1952, when the bitter Eisenhower-Taf- t duel stole the scene from Stevenson and Sparkman, departs from the rule, but Ike was a national hero which may account for the 1956. difference. and the Carter-Mondal- e bore completed - the GOP heads to Kansas City n and a real donnybrook is in the offing as the former California Governor and our unelected President wage a close, dramatic contest. Eyes will be glued to TV. Thats why Republicans should worry. Now it is 1976 - Ford-Reaga- Christensen, Inc. Mulls Merger Norton Company, Worcester, Mass., and Christensen, Inc., Salt lake City, have jointly announced their tion to enter into discussions about the possibility of a inten- merger by the two firms. Christensen, Inc., was $9.5 million. The coma pany completed a public stock worldwide manufacturer and issued last September and currently has a stock trading price of approximately $11. Norton Company is a multinational diversified, manufacturer with more than 19,000 employees and 93 plant locations in 21 countries. Nortons 1975 sales were $548 million and net income was supplier of diamond drilling bits for the petroleum industry and diamond coring bits for the mining industry, also provides related products and services for the petroleum, mining, and construction inIt employs about dustries. 3,000 people at manufacturing locations in 11 countries. $20.9 million. It is listed on the New Christensens 1975 sales were $118 million and net income York Stock Exchange at about $35. CAPITOL THRIFT AND LOAN: The Small Company That Makes Big Loans 45 years ago Capitol by Warren M. Ketcliam. fYi.f). Prince . Latif'licinrich A tlreer Thrift and Loan began helping small, independent businessmen and entrepreneurs who often needed more financial assistance than banks would give. During that time we've watched thousands of good friends carve a successful niche in our growing community. Being smaller than a lot of financial institutions, it is easier for us to give you an immediate answer and the kind of helpful service you won't find anywhere else. Come in today and meet one of our knowledgeable financial advisors. Get a good start (or second start) from the company that stays small, loans big, and helps people make money. Capitol is our name... Capital is our business. CAPITOL THRIFT AND LOAN Jiqpnn Option Market News 308 Continental Bank Building Salt Lake City. Utah 84101 (801) 532-654- 5 Except for Monday, the market dropped every day last week. The Dow Jones Industrial average failed to hold above the 1000 level for the umteenth time. The glamor stocks held fairly well most of the week, however, they too stumped on Thursday and Friday in heavy profit taking. Option trading was extremely heavy all week with about 120,000 contracts changing hands each day on the CBOE. On Friday, many expiring options wrere trading less than intrinsic value, providing the nimble arbitrageur with a quick profit. For example, when Polaroid was trading at 41 , the July 35s were trading at 5!2, a fall Vi point from intrinsic. Thus a $50 profit was guaranteed for each 100 shares of Polaroid arbitraged. Advice for this week Continue to take a defensive posture. Good strategies continue to be bear spreads, covered option writing, calender spreads and peanut spreads. Short interest and odd-lo- t short sales continue to warn of a downward correction ahead. |