Show 24 — The Herald Journal Logan Utah Sunday May 3 1981 Sandall elected to board Wayne Sandall has been elected to the Board of Directors of Commercial Security Bancorporation and Commercial Security Bank He has been the Chairman of the Board and President of Bear River State Bank since its inception Sandall has been involved in community affairs Education included a five-yeterm as president The Boy Scouts have benefited from Sandail’s service over many years Honors include the Distinguished Service Award from the Tremonton Chamber of Commerce and the ar Housing recovery not likely in 1981 WASHINGTON -The production of new homes will not im- prove significantly during the remainder of 1981 from last SALT LAKE CITY — Thirty-on- e directors including one new board member were elected here this week to the First Security Corporation board during the firm’s annual stockholder’s meeting The newest director is Robert T Heiner a member of the corporation’s executive committee who will become president of First Security Bank of Utah NA effective May 1 Other directors elected were George S Ec-dchairman and chief executive officer Spencer F Eccles president and chief operating officer Oakley S Evans president Distinguished Service Award from the local Jaycees church n He is for his support of local businessmen and farmers and has been instrumental in the success of several local enterwell-know- responsibilities and his own businesses He served as Mayor of Tremonton during the 1970s His service to the Box Elder Board of Wayne Sandall Heiner becomes bank president es Robert T Heiner prises Albertsons' vi y Zions Cooperative Mercantile Institution Dr David P Gardner president University of Utah G Frank JokUk president Kennecott Minerals Company James L Sorenson president and chief executive officer Sorenson Research Company E Allan Hunter chairman Utah Power and Light Company Kendall D Garff president Garff Enterprises Inc Dee Glen Smith president Smith’s Management Corporation B Z Kastler chairman and chief executive officer Mountain Fuel Supply Company R H Burton Investments Harold J Steele president First Security Bank : & h year’s depressed levels to according economists meeting here this week Panelists at the National Association of Home Builder's Residential Construction Forecast Conference predicted that high mortgage rates 1 Born® would hold 1981 housing starts between 12 and 14 million units Chuck Roast compared to just under lJ million units last year NAHB is forecasting 13 million starts in 1981 and 158 Lean in 1982 All panelists agreed that housing Picnic & Delicious Flavor Tender af- fordability would continue to plague the industry until inflation was brought under control which would permit a decline in long term rates The next interest 90-12- 0 days are among the most critical in the economic history of this country" said Frederick Schultx vice chairman Board of Governors of the Federal Reserve System He predicted that by keeping a tight rein on the growth of the money supply and reducing federal spending and the deficit the government had a real opportunity for reversing the direction of the economy iWbertsonls Pershings ' Savers Russet Potatoes "Mortgage rates will have a stickiness m to them” said Leonard Santow senior vice president J Henry Schroder Bank and Trust Company Santow said that in his most op- it For Cinnamon Freshly Fried L mortgage rates would recede no lower this year than to 135-1- 4 during the summer For the general MTHROOfll — TISSUC — Santow economy predicted that differences between this year and last would be like "night and day" wife less volatility in Grade interest rates monetary policy and housing starts as the gross national product moves into a flat quarter-to-quart- Tissue 5 Doz Salad Tomatoes I A US No 1 Ripe And Ready For Salads V er situation with a real 2 percent — 3 percent growth for the year Santow was optimistic that inflation would decline from 10 percent today to an annual rate of 9 per- Baby Food cent by the 4th in to a worldwide recessionary reduction in quarter of 1981 response Gerber Strained demand for raw materials and consumer goods On the home front federal spending during the first half of 1980 is out of control running 16 percent higher than the comparable ® 12 O Pack Cans If 'mui mm s i (I Kemp-Rot- h Frost Free us No i "V £ Green Peppers $ us Mii For No rilFor i Washington Apples?£r 0 Green Peas in 0 Avocados 0 Tropical Plantssr: 0 Prices Effective May In Utah --- 49 49 3 1 398 3rd-5t- li Stores Only f AVAILABILITY Each of these Advertised items is required to be readily avalabie tor sale it or below the idvertised price m each Albertson s store except as specifically noted in this ad RAIN CHECK We strive to have on hand sufficient stock of advertised merchandise for any reaof stock a RAIN CHECK wHl be issued enabling you to buy the item at the advertised price as soon as it becomes available If son we are out - Disposable Diapers ® 60 Ct Ex Abs 48 Ct Toddler ar in- dividual tax cut Santow said that the rate of increase in deficit Artichokes For Lbs $ e Assuming that the Reagan administration achieves a good part of its proposed expenditure reductions but loses the fight over a three-ye- x': Pampers na comgKE billion For 15 Oz ' period last year said Santow He cautioned that the FY 1981 deficit will amount to 365 Lb Bag a Generic 1 Sen Bath sometime percent Idaho US No ”'0 Not AvafliMoln CodwPtyj timistic forecast o o o I ' rfl©©§telan spending could be reduced to 10 percent next year f i ww "WiW-P- sr' : bwwlWii s'- |