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Show The National Enterprise, June 8, 1977 Page five Average home price tops year's record; sales dip Foreign steel hurts Utah jobs The average home price jumped last week to the highest weekly figure reported so far this year. S43.818, According to figures compiled by the Salt Lake Board of Realtors, the average home price last week was 544,504, up from $43,057 reported the previous week, and higher estate properties last week, down six percent from the previous week. The realtors 150 sold houses for 1 1 $6,675,625; multiple family for 5684,050 and 13 dwellings vacant lots for $611,598. than the previous record, reported in mid-Marc- h. The board members sold a total of 57.9 million in real Firms declare dividends Grand Central, Inc and Albertsons Inc., both declared quarterly dividends last week. Grand Central said its board of directors declared a regular quarterly cash dividend of cents per share, payable 15, 1977, to stockholders July of record July 1, 1977. 7-- 12 Albertsons Inc. board of dir- ectors, at its quarterly meeting May 27, 1977, declared a regular quarterly cash dividend of 20 cents per share. The dividend will be payable in Sept. 1, 1977 to shareholders of record on Aug. 5, 1977. 1977, which places a quota on Rising steel imports, mainly from Japan, have erased a growth potential for the Utah Steel industry equal to more than 2,000 jobs and annual Japanese 1 week. "These imports have not come in because foreign pro- ducers are more efficient, lower-cos- t suppliers for our customers in the west or anywhere else in this country, Roderick said. They have come in as "the result of trade Your image is important... to Europe. This agreement last year caused a diversion of at least .5 million tons of Japanese steel from European markets to the Untied States, much of it landing on the West coast. earnings in wages and benefits estimated at $60 million. U.S. Steel president David M. Roderick said in Salt Lake last Foreign steel accounted for an estimated 34 percent of the total western market last year, Roderick said, and for i978. he predicts imports will claim 36 percent of the market share. shipments "U.S. Steel is not asking for protectionism of any form such as quotas or stiff tariff increases," Roderick emphasized. "What it is asking for David M. Roderick is equalization of the laws passed by the U.S. govern- practices by foreign governments which seek deliberately to export their own unemployment to the largest free and open market in the world the United States," he charged. Calling for strict enforcement of federal trade laws to insure fair competition, Roderick cited export subsidies, tax rebates, credit allocation, accelerated depreciation and marketing cartels as unfair trade practices he hopes to ment," he added. The Fed- eral Trade Laws of 1975 prohibit practices like subsidizing and "dumping." "We can compete with Nippon Steel," Roderick asserted, "but we cant compete with the sovereign Japanese government." He called on the U.S. government to put an end to unfair practices im- mediately. If present trends continue Roderick said growth of the domestic steel industry, and U.S. Steels Geneva Works in particular, would cither become static or be reduced to lower levels. "And when our production is down, units costs climb and prices increase." abolish. Most notably, Roderick criticized a bilateral agreement between the European Commission and the government of Japan, negotiated in and subsequently extended through the end of 1975 Billings predicts profit was tinned Con from page two methanol and hydrogen from coal gasification, over two hundred stockholders crowded into the auditorium of Billings' new 37.000 sq. ft. building for the firms annual meeting. Outside, construction of a Hy drogen Village underway where a subdivision is planned. Within a few years, part or all of the homes will be powered by hydrogen and by fall, president Roger Billings' own home, construction, will operate entirely on the abundant, 38-ho- now-unde- pollution-fre- e r fuel. MOTOR HOME RENTALS V MIDAS EXECUTIVE SPORTCOACH TRANSCOACH 22, 25-- , i i i 26, 2T, 2ff We are now reserving rental units from June 10 thru Sept. 30. For Information Call. 1 I Bill McNair ...we specialize in business backgrounds space planning remodeling carpeting drapery wall coverings accessories furniture interior design Lyngle Bros. Commercial Interiors Chuck Scholmeyer Lynn Christianson D.L. Newby SPARTAN AMCJEEP 3950 South 500 West Salt Lake Citv. Utah 84107 (801)266-281- 1 4355 So. State 262-545- 6 |