| Show E23 January 18 1958 The Rait Lake Tribune Wednesday r- - Uiah'i Insured Savings and Loan Associations Tofal Savings Million 100 $92000000 to Nations' Interna tional Conference on Peaceful Uses of Atomic Energy last August In Geneva Switzerland the Atomic Energy Commission's National Reactor Testing Station In Idaho's Arco desert Is assuming new Importance Here was born the prototype of the reactor for America's first atomic submarine Here too problems con- 0 TO M $0 40 " 0 421305000 10 1950 1955 "grand-daddy- water-moderate- REACTOR will fill an need for large ex- TIE spaces perimental in high neutron fields In which to perform tests furthering the nation's military and civilian nuclear power development programs Experiments for which this reactor will be used include atom-powere- archi- tect-engineering " d reactor operated at kilowatts until late in September when the power level was increased to 40)00 kilowatts by technicians of Phillips Petroleum Co This verified preliminary calculations that such an Increase In power level eould be accomplished without an Increased safety haiard No ehange In reactor design was required — The Increase enablet the n C (y) x Li vX Impact mid-194- 1 IT Li t Ci - During the past five years - ship Total savings In Utah's savings and loan institutions in 1950 were At the end of 1955 savings had passed 90 million dollars Net gains in savings In these Institutions during 1950 were $6500000 Savings gains during 1955 were more than double that figure: A total of approxinew savings ac17000 mately counts were opened by Utah's savings and loan associations during 1955 and home MORTGAGE loans by a remie n r p rieia Vital Business Thrives $13-6360- and loan institutions of the state totaled approximately 42 mil-- lion dollars during 1950 The past year's total was approximately 58 million dollars This home loan activity has helped keep Utah among the nation's leaders in home ownership According to the 1950 survey of the US Census of Housing home ownership In Utah was 65 3 per cent The rational average was 55 per cent i"A fast-growin- g role" if lc¥t thi ESTIMATES PURINA DOG CHOW t4 ft t4tm Twr Dry f m m "m m THE FIRST NATIONAL BANK ' " i Of Loyton CONSULTATIONS SESSIONS & SONS INC ASPHALT PAYING CONTRACTORS INDUSTRIAL IT f I VII I DO YOU KNOW THA- T- BARNES BANKING CO ! 0 j k DAVIS County it the onlf county nd iniiuitry gricultur Uuh which k otirtly toned protKiinf bring millioni of dol!n to Dvli County AIR forct tnj oivl instll(kM 15750000000 the largest ptyroll ia i it offered Big nmt wtterfowl phetwnu world lmoui VARIETY of recrntioo ia moit tommunitiM lummer progrmi mi tr O IL compiniei U a miot rtpidly uklng Dvli plcD f r-f- CUarfUld n M§mb9rt of ioduiuy to Dvle ffrn C of DitIi 1 C ' County fian enywhere elie in die Kite Devil County "life blood" County ere ibe 1 1 itflHTf u evidenced by populwioa emdiet: 1940— 1S784 1935—45000 P- beiutiful homei ere itellible in the numeroui well pUnned mbdWUioni throughout il4 eounty TrAINED tituem Y k " i FJiffflpl refine more petroleum In URBANIZATION Ne tgtble -- frit TRRJGAT10M inJunrinl pd culintry prohlftni in Dtvii County will U Bum Project Aquedua-Wel- f the lolved Dvu by virtuilly nder wf the Uteit feeing tie well ere end itorm dreine projecti SEWER Dvii Sewer Diitrict cotin 120000000 rown fruia tod Farmlngten tvbdMtltnt CLEARFIELD STATE BANK if J t: rreion pt Our ill lik - Z1 - rJ of Induitry it - cu should Invtstlgott the advontagei of locating In Dovls County COMMERCIAL North Salt Lnka Phone IX AVA' NOW! TWO LOCATIONS Better Serve You To f dairy product! ready to irv buiineii eitabliihmenti ond homei of Salt lok ond Dovli tountiei with "All Jerwy Milk" ond products of fin Clyde B Adams T Amby Drifgs Chairman Eugene Tolraan Consumer Preference With our Utah Stott milk ond buttorfot championi we won 17 blu rlbbom ot th 1955 Utah State Poir W olio had both Grand Chdmploni ond both Junior Crtamplom end won th Premier Breeder ond Ixhlbllor We Uvlte y VILLAGE DRUG loyton Utah Ph 341 SmOOt BrOtCrS Utah' largett Producer Ditribulor DAVIS COUNTY COMMISSION RESIDENTIAL WAIREN VILIAGI-NOR- TH SALT UKI iZsV WCODSjCCCtOSS UTAH MAIN BOUNTlfUl at Horn 1 892-- 1 Sundries— Jolhtrhs Drug WOODS CROSS CANNING COMPANY tJkCTOftllt AT Jy" fit CtlASfinB NO HIIII UTAH ! — tmfrn Fhon ert OwmJ mni AXtt! 12211 OprmtJ AVIS COUNTY 956 Both Stores Prompt Prescription Strvc A0 CtnUrvllU ltoh TlirouIi lie Years Complcto Modern Cafe Service r awardi SMOOT BROTHERS DAIRY UB0R DRUG SERV-U- S try WTAH OWNED i:M'JA Open Every Day of the Year i Wcodi Croti DAVIS COUNTY BANK BANNING of locelly J Coun AND MIXING NEW o FARMERS STATE BANK KayivllL - FREE I 5 53 NORTH Dogs ' - - - economy State More FEED MILL T0H Ibw mt lountiful fasesf 9rown9 County in Uf ah — in the Beehive people too realize that they obtain higher earnings on their savings with insured safety at insured savings and loan institutions In recent years major savings and loan associations in the state have conducted extensive remodeling programs bringing many new conveniences to the public Then we feel our associations have been leaders in encouraging more aavlngs through aggressive advertising In which newspapers as a medium have played a major H o BOUNTIFUL STATE BANK " - JAMES MORGAN & SONS R0LLIHG-GRIKD1NQ-CUS- IIP Mfvs Mr Jones listed several contributing factors "In the first place they W-"- V JOS Um St PAID ON SAVINGS 1940 CONTINUING "i"UR I I gains in savings make V the prospects for home financing in Utah bright for 1956" according to Robert H Jones president Utah Savings and Loan League "This Is true notwithstanding recent federal credit restrictions" The leader pointed out that ' approximately 90 per cent of all savings and loan funds for home loans made in Utah and the nation generally during J955 came from resources of these institutions themselves principally through new savings and loan repayments DAVIS COUNTY now 50 per cent higher than they were in 195Q and more than four times the total In show a ihiI vunere 1 Serving tht Interests of the Peoplo of NOTING that savings In TNUtah's insured savings and loan institutions are' ' I Independent Banks ing" $66-8050- 00 Tcfctlng Rrutlor Detail Cutaway $hows Material Six Good "There has been a heavy surge in new savings In our institutions during the last three months of 1955" Mr Jones noted "We expect these savings gains to continue In 1956 All of this means that there will be approximately the same amount of funds available for home financing as there were In 1955 When you consider 1955 wag a record building year the outlook for 1956 Is especially hearten- aavings in these Utah Institutions have- soared nearly 50 per cent There has been a ilmllar growth In the mortgage and home improvement loans of these savings and loan associations—for the upbuilding of Utah home owner- " T m 9 r 0 4 - - 3J Hi Up ONE fi ' £ i rVHU Jmifinrrnj of the most growth stories across Utah's scene during the first half of the 1950's Is told In the state's Insured sav- lngs and loan associations A i '' on the economy of the ln- termountain West especially Idaho Since establishment of the National Reactor Testing Stathe capital tion in Investment will approximate $150 million at the completion of construction of currently assigned projects according V Allan C Johnson manager Idaho Operations Office y yM x n n t ATOMIC one-thir- d In Tune With the Times w re-qui- re TITS performance of fuel assemblies and other reactor components with some of the projects expected to be the responsibility of private industrial groups under contract to toe AEC It was revealed In Geneva that many of the research reaotora which the' US la rufikirii available - to ether countriea will be the Materi from the harnessed atom Newest facility under construction at the testing station Is the $15 million Engineering Test ReHclut the contract experimental load by nuking more high flux space available and In some cases shortening the Irrigation time In terms of heat It would 4000 tons of coal a month to produce the same amount generated by the MTR at the 40000 kilowatt level The amount of Uranium 235 consumed In maintaining this level Is less than four pounds a month energy has had a Ar-gon- ne tank with flight and propulsion for surface ships are bing worked out And from here the first US community to operate entirely on nuclear power was served fur a brief test period giving the world at least an inkling of things to comt nected to J94Q Atc reactor to handle a greater als Testing Reactor which w as built at the Idaho Testing Station as a Joint enterprise of the Oak Ridge and National Laboratories This is the and of all cooled research reactors according to a paper prepared by Alvin M Weinberg and Thomas E Cole Oak Ridge and Marvin M Mann Savannah River Project A cutaway model of the reactor was a feature of the US display at the Geneva conference going to Henry J Kaiser Co Completion Is scheduled for spring 1957 The A to ml a Power Equipment Dept General Electric Co is handling nuclear design of the reactor core and facilities within the for peace! Since the first Unit- - o ADY MIX CO UTAH BOUNTIFUL 501 East 6430 South Phono AX 47 |
