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Show The National Enterprise , March 23, 1977 Page six First Security Faults Carter Plans First Security Bank has reported a 14.4 percent increase in earnings for 1976 compared to the previous year. According to its annual report published last week, the bank recorded earnings per share of $4.28 compared Total to $3.74 in 1975. resources exceeded $2.25 billion, and loans increased 27 percent. In a joint statement written by George S. Eccles, chairman and chief executive officer and Spencer F. Eccles, president, the two men criticized President Carter's plans to cut funds for the construction of water distribution systems and his proposals for fiscal stimulation. They urged adoption of an energy policy that would encourage energy independence for the country. "In the second half of 1976, the national economy lost its zip and seemed to rest comfortably in the doldrums for about five months," they wrote, blaming a reduced pace of inventory continued weakness in business spending, labor stoppages in strategic industries and a shortfall in federal government spending for the lull. They point to increased precipitation as the most critical need and to inflation as the greatest fear in 1977. "Should the lack of moisture persist, the economic and social impact could be very serious," they "The availability of moisture and supply of wrote. water. . .will be a critical factor in maintaining favorable business activity in the regional economy served by First Security Corporation." About Carters pro- posed cuts for federally-funde- d water distribution systems in the West, they If this deletion is wrote. sustained by Congress, the future capacity for orderly, urbanized growth in Utah and many other western states will be significantly reduced. WHAT PRICE COFFEE? They predicted 1977 continue to show strong automobile and housing volume, a surge in retail buying, "some gain" in would industrial production, As if you didnt know, coffee prices are up. For that mat- in- ter, cocoa is too. During the last year, coffee rose on the commodity markets from 550 a pound to $2.50. In the same period of time, cocoa jumped from 900 to $1.85 a pound. Although speculation involves a certain amount of risk, many people just like you have turned these increases into profits while limiting their risks through the use of options. If you want to know how they did it, call us. Were the option people. creased employment, reduction in the rate of inflation, increase in demand for loans and a nominal increase in short term interest rates. Intermountain Labs is Gearing up for FDA Device Testing Intermountain Laboratories, (OTC 2.625, 3.125) one of the largest veterinary laboratories in the U.S., has appointed Laurie Hartwig, a former cytotechnologist with Intermountain, the supervisor of the Cytology Department. Hartwig' s promotion is the first executive advancement at the laboratory this year, although the company earlier hired Dr. Lawrence McGill, a former professor of veterinary science at the University of Nebraska, as a veterinary pathologist. Neither the hiring of McGill nor the promotion of Intermountain will make new additions to its staff in order to keep up with testing demands. Beers said, and also construct a complete testing laboratory. PHONE (801) denote major changes within the Intermountain company, but vice president and general 84115 1 you Covered manager Bill Beers said the company will soon instigate changes to ready itself for a new influx of testing business created by the Food and Drug Administration new With over 1600 stock quotations, news articles, earnings reports, corporate profiles, market columns and feature stories, the National Enterprise covers the OTC securitiesmarket from coast to coast. We make it our business to know what's going on in the behind closed doors of securities and laws board We'll rooms to changing regulations. corporate keep you posted on the abreast of trends. and current latest developments medical device testing law. That law, signed by former President Ford last May, will require some 1,100 medical device manufacturers to test 1978. 486-358- LAKE CITY, UTAH NOW WITH OFFICES IN SALT LAKE, NEW YORK, NEW JERSEY. OKLAHOMA CITY, MIAMI, HOUSTON, DALLAS, HONOLULU AND MOLINE, ILLINOIS Hartwig any new or amended products for toxicology and bio compatability. The law is set to go into effect sometime in 210 - SALT 1341 SO. STATE ST., industry-fro- m The National Enterprise gives your investments the kind of coverage they deserve. Please send me a one-yea- r subscription to the National Enterprise. Enclosed is $24.00. NAME. ADDRESS. I CITY. STATE. ZIP- - Mail to: THE NATIONAL ENTERPRISE P.O. BOX 11778 SALT LAKE CITY, UTAH 84147 |