OCR Text |
Show Page 2 THE UTAH STATESMAN "A Weekly Newspaper Devoted to Good Covenant" Edwin W. Kain, Advertising Manager Phone EM 421 Church Street 49 Entered as 2nd Class matter at the Post Office at Salt Lake City, Utah, under the act of March 3, 1879. Subscription rate 61.00 per year Published weekly at 421 Church Street, Salt Lake City, Utah. NATIONAL EDITORIAL ASSOCIATION, 1956 December 7, 1956 Vol. 10, Ho. 48 Business In 11 Western States Up 10 Per Cent In 3rd Quarter activity in the 11 Western states rose sharply during the third quarter of 1956, percent showing an increase over the same period a year ago, according to a seasonally-adjusteindex just published in the Insurance companys West in Review. A gain of more than four percent was shown over the prece-inthree months. Business of-1- tional pattern. The number of housing starts on a national basis are currently at a rate of about 1.1 million units, about 200,000 fewer than last year at this time. d Pru-denti- ol g Highest Level Yet The third quarter increase marks the highest level ever attained by companys index. It also is the tenth successive gain in western business activity since the first quarter of 1954, when a slight decline was recorded. The seasonally-adjustefigures reveal that engineering construction contracts, manufacturing, service and government employment, and retail trade helped spark the advance. Dampening influences were lowered copper production, a reduced number of mortgages, and a slight decrease in the amount of railroad freight car loadings. The volume in new construction activity in the West was well above the national upward trend. Engineering construction contracts awarded in the West showed an Increase of 14 percent over the preceding quarter. Roads Significant Factor Major gains were listed in highway building, dams and flood control construction and sewer an pipeline projects. Military projects were generally lower. Prudentials West in Review points out that preliminary reports of residential dwelling permits in the West showed a general decline following the na d non-far- Friday, Decembez 7, 1956 THE UTAH STATESMAN m Pentagon Seeks To Challenge Right of Press WASHINGTON Rep. John E. branded as shockMoss a Pentagon proposal that ing newsmen be taken before grand juries if they refused to disclose the sources of military leaks. Such a course will never be permitted in this country and never should be, Rep. Moss told (D.-Cal- .) reporters.' chairman of the government operations subcommittee investigating the suppression of public information, said Defense Secretary Charles E. Wilson should publicily disavow the proposal. Rep. House Moss, A Defense Department advisory committee headed by Charles A. made the proposal Coolidge as earlier part of a program to clamp down on leaks of military secrets. Mr. Wilson said he had serious Tighter Money Seen By Top Economists An overwhelming majority of a panel of 16 top economists predict a further tightening of money and credit market, according to a report released by the National Industrial Conference Board. Only one of the authorities participating in an economic forum sponsored by the board felt the present money market was too tight, while three said it was not tight enough, the report showed. A few of the economists expect some relaxing in the second quarter of 1957, when they foresee a lessening in the demand for some types of capital. The consensus of the economists was that despite fight money, credit extension in the pasft year has 'been extremely liberal. Taking the long view, the economists stressed that expanded investment requirements in the future will have to come out of a higher rate of national savings if we are to hold back inflation. One economist was quoted as saying that he expects money to remain at something like the present levels for an indefinite time ahead. He also said he expects the demand for funds from business capital outlays and construction to remain not far from the present level, perhaps a little higher, and the demand for consumer credit to rise.. Ford To Unveil New Gar Line, Edsel Next Fall DETROIT Ford Motor Co. confirmed Its new car line will be named Edsel in honor of auto pioneer Henry Fords only son. Edsel Bryant Ford served as president of the company from 1919 until his death in 1943. He was succeeded by his eldest son, saaMi no QDSoeadss Gfe. tSIliaSRi iSQCEEO C It is quite possible that in the heaviest recipients of the In foreign aid exnew Congress there will be quite a different attitude toward for- tracted from American taxpayers, they refused to heed the reeign relations. quests of Washington not to start The foreign aid programs for a shooting fracas. It is probably one thing, which have soaked up a tribute to American integrity billions in American taxes, will that they started shooting withbe subjected to a long hard look. out letting this country know in the knowledge that if America had known their intentions in advance, a protest would have been registered. It Is also quitejT possible that a close scrutiny I will be given! the United Na-- i tions. The nationwide membership of National Federation of Independent Business has on several occasions voted to curtail for- Action byl England and! France in eign aid expenditures. ceeding withl While perhaps some have armed might I taken this to mean that the naagainst Egypt businessmen without UN sanction could well tions independent or are isolationist, against spendhave great reverberations on the for promotion of money ing Capitol Hill. peace, these opinions have been In fact, it rankles in many grossly in error. quarters that these two nations, Independent businessmen, opsupposedly standing shoulder to erating at the grass roots level, shoulder with the U. S. in hold- have a sense of direction often ing down uprisings, pulled a lost in the rarified atmosphere sneak punch. of bureaucracy. Thus, they know is accomplished by that Two of the nations most in- bribesnothing or blackmail, whether it fluential senators have already be securing new customers, or expressed doubt over continu the peace. ance of foreign relations on the securing same old basis. And it is ironical that arms bought with American gifts to Sen. William George (D., Ga.) preserve the peace were used to action will breach the peace. feels Anglo-Britls- h cause the end of NATO. Sen. William Knowland (R., Cal.) Thus, many bureaucrats feel feels it means the end of the that England and France played a dirty trick on the U. S. . . . United Nations. kind of a biting the hand that Neither of these Senators, it feeds them on a scale. should be said, look with favor on Egypts Nasser. But the reBut along the Main Streets of sort by individual nations to armed force perils the peace of America it was expected. This Main Street sentiment, long igthe entire world. nored by Congress, will be hard Yet, despite the fact that Eng- to shunt aside in the coming land and France have been the session. multi-billion-doll- IE) National Federation of Independent ar Ru.tnrn . reservations about grand jury Henry Ford H. questioning of reporters. Rep. The Edsel line, referred to as Moss said Mr. Wilson should go the during its long defurther and flatly reject the will be introduced velopment Coolidge committee proposal. next fall. It is expected to sell Rep. Moss said his subcommit- somewhere between Ford's Mertee planned to study the Collidge cury and Lincoln lines. committee recommendations careWhen the Edsels make their fully before resuming hearings appearance, it will mark the first in January.' time the big three automakers have come up with a completely new line of cars since Mercury was introduced in 1939. IS E-C- GOOD GOVERNMENT EVERYBODY'S JOB! aa Greetings from anschdlz DRILLING CO. me. o s' AMherst 08 1411 Mile High Center 6-23- Denver 2, Colo. 67 ps Oi Ford Board Chairman Ernest R. Breech said the name Edsel was one of 18,000 names consid- Subscribe bow to THE UTU STATESMAN A weekly levspepei devoted to good govenunent" and keep pace with local itate and national government news. ered for the new line. After the list was trimmed to 40, he said the final selection was made unanimously by Fords administrative Richard E. Krafve, who heads ask for committee. SUBSCRIBE NOW! year $1.00 3 years $2.00 CIRCULATION OFFICE 421 Chuck Street - Salt Lake City. Utah ganization. Krafve said the division had a goal of 1,200 new dealerships employing about 30,000 persons by next fall. Ultimately, he said, we hope to create 50,000 new jobs. NAME ADDRESS CITY Remittance the Edsel division which came into existence last week, said the Edsels will be built in about six or seven of the companys 19 assembly plants. The new division will have its own dealer or- STATE Bill me later Although design and engineering data of the new line were not disclosed, the company said the Edsels would embody bold, new styling themes never before seen on the Streets and highways. PRIDE OF KENTUaff STRAISHT BOURBOI whisht NELSON COUNTY, KENTUCKY 6 Proof SNIVHIN DISTILLERY C0MPIIT IIIIST0WN. NELSON C0INTV, NENT0CIV |