Show flt0At MeV 'POWSiVeitp p ) V44 ikt q 1 ) t b t1:7 1 II o r 'r F71 - (Vr-- '" ' ) A t 0 i I ' A I ' f - I niiMft 0 tie St ( S kg ' f 14 r " 41kir tA' s 1 dskd V:!! t! et 41 1: 1:1 1$1f 1':4 4 'N c T vir ' a - '4 It 11rtt - 4'4-b- e Ve""i i 4: 47' 4 46 gefitt e :0iikablambadakitttaliahiibubminti4 aPitt Early morning light etches the buildings of down-lown Salt Lake City against the backdrop of the i Oquirrh Mountains The downtown is in the fifth year of a renovation project Realization has come gibilmT for slowly painfully However groundbreaking major new stores and the long dreamed of county Dry Weather Slowdown in the Economy Prompts Action From Washington E Irate It current weakness in the alto Private State Programs Threatens 39 per kroduction are the 'gain Times Writer appropriate aggregate Perhaps textiles paper a year against last year's Wheat Crop cent bacco federal reserve's construction per has and Revive II Century Plan recognize als rate and prime Physical Times among widespread respond i L" - t By Thomas New York - - By Robert H Woody Tribune Business Editor Once upon a time there wat a cat named Sir Harry ' t 1 1 ' I Cholmondeley i He was owned by bookstore owner Sam Weller 1 Sir Harry used to pad around an r -k alley in back of Alt Weller's store at ' 1? 254 S Main It was great place for cats but not ' I very great for humans 'IJ The alley was a squalid place — not 'i"'''' unlike other alleys in other blocks of the L downtown area That was five years ago 441044b 1 t Now Sir Harry is gone — stolen ''''s"-'''ast'ra- y or dead I Mr Woody And so is the alley gone replaced by the Main Parking Mall a landscaped canopied parke busing area that gives access to the rear entries t- pesses along that section of Main ' Sam Weller yet laments Sir Harry Cholmondeley But he does not lament his share of the investment that gave birth to the Main Parking Mall l It has provided a large and attractive parking area with easy access to the adjacent shops And no question - but that investment will amortize itself in short order through increased business says Mr Weller '1" of-th- s i A Bright The Main Parking Mall is the II Century Plan — unveiled downtown redevelopment Salt Lake City like many tion was wracked by physical Spot one of the bright spots of five years ago as a guide to other cities across the nagangrene in the downtown Area many There was the migration of people to the suburbs There was born of a historic monopoly as hearttrade Vowed to Donate Time The causes were capital business and downtown indifference land of commerce and ' I The Utah Chapter of the American Institute of Architects decided to launch a renaissance Their promise: Several thousand donated hours of professional design time to draft a guide for downtown development I The Downtown Planning Association — made up of businessmen tradesmen media executives and others — See Page C--2 C011111111 Mullaney NEW YORK — Washington — begun to New York Service conto — KANSAS crrY — cern in the business MO community Drought is threatening much over the rapid and sharp slowof the nation's winter wheat down in the United States econcrop omy wheat The most significant counterIn producing regions of Kansas offensive so far was President and Oklahoma the topsoil is Johnson's call on Thursday for dry and powdery exposing immediate restoration of the 7 poorly rooted plants to the per cent investment tax credit that was suspended last fall as March winds measure from an Although damage Economists Applaud blowing has been scattered so far E H McHvain superinThat move In the wake of tendent of the agricultural ex- repeated efforts to ease money perimental station at Wood conditions and steps to pump ward in northwestern Okla- funds into housing and highway homa declared gloomily: was warmly "If we have 50 or 60 mile applauded by economists and winds for seven or eight hours businessmen It won particular out of the north which we get endorsement hi the stock marhere sometimes that could be ket which celebrated the news the end of the wheat crop with a rousing rally in heavy Fields that are holding now trading Friday In the first hour couldn't hold through one of alone turnover on the NY Stock Exchange topped 5 milthose" The United States Weather lion shares Investors were impressed and Bureau says Kansas and Oklahoma are in the grip of mod- encouraged by the administration's recurrent applications erate to se vere drought this year of its Keynesian phi(Copyright) losophy — active government the major anti-inflati- programs intervention stimulate the economy to demand Abandoned Not Surcharge There was however disapbusinessmen pointment and others that the President did not couple his investment-cred- it announcement with abandonment of the administration's January proposal for a 6 per cent surcharge on corporate arid personal income taxes Adherence to the surcharge rec-1- : '4:' li 0 710 nev bel a II - th--- A 41 and investigate the Tax Advantage of R II a n I A A A Auto Leasing III Inc 1225 South Main II email Model 1112D Phone - Main Sountiful - Ph 292-04Member of Cheyway Corporotion 1M7T:77'N CITY - 4:v CALL 4St t I 14' 24' X HOMES FOR 21 YEARS DESIGNED HAS AV "I: Eat p4 ‘'$dh THE N 4 FINANCIALLY COMFORTABLE TOO! NOW YOU CAN atg ON EASY MONTHLY Since 1924 HOSPITAL BED with mattress WHEEL CHAIR PATIENT LIFT Buy low as $1022 Buy low as Buy low as $ 766 $1213 HEALTH LAMP Buy low as $ 842 WALKER Buy low as $ 633 WHIRLPOOL BATH Buy low as $1597 At ABBEY you tan TERMS (1) Rent It ma ma mo ma ma ma (2) Buy outright ABBEY RENTS MONE try thin bey with sot montt's rentil applyil to No Red Tape identia1 486-715- 1 1811 SOUTH STATE mo e 115 South Won E ings Salt t ako City Utah State Shoot 33rd South 2h61 Winhington tilad Orkan Utah Ave Prowl Utah 214 North Unaterady Pawn jod Broadway Butte Montana INSURED SAVINGS HOME LOANS monlommounimmu 1C5Cgr A it I 4 1111 FOR A GUARANTEED AT THE ON YOUR IN THE BUILDING LOT INDUSTRY WE FURNISH ALL PRICE QUOTED 9 NE DO AND PRIC5 AND AT BIG SAVINGS! ten else get 100 financing with ea money down et yet to ply reek Welker's( mg end clear erithie li yews st isee ter pla let gee decide gm me won your own home Me leterim linancingl And gee VIM hackles templets Noble& Nesting Luba Cabinets I p: end Electric Packages il'ic Our tatcentsto oe the ewe Revlon right la sem lot We fureish all Perishing materiels Inside nod sot let the prim queted 11 — MATHIS COUPON TODA- Y-- (I Yoe l'4 :d Your Capp-No- m :g 1st William t(11:4 Holders and Supplies cella OUT LOWEST BATE it Colors Full Sheets or Cut Pieces To Your Order ( ERECTION RIGHT AND COVERS EVERYTHING OUR FINANCING FURN1SH-- - DO THE HEAVY FINISHING MAIERIALS INSIDE WMPI All rnIMMMMlit OUR CARPENTERS 1 Formica and Flexible LYNNPLY Shoat Batt takt City Utah &matt Other' terms ?victim ' to Buy Build Modernize Fast Service Your Home Feeral on easy monthly Engraving Stock SIMPLE INTEREST FINANCING ( YOUR OWN XT"' 4:! 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Office Building 445 East lnd South a a DAMN CEEB PLAZA TERRACE rill do WATCH Copy—use what you wont but only when you need it and the savings In a year will be downright pleas ant You've got to is it to be lieve it — Plaza Terrace "packages" office and services to lit you your tastes and requirements Drop by or give us a ring 363-61- Open Evenings A-- LEASING A 1967 CHEVROLET 2651 A n TRACT° LOAD711 $7400 Call Clem Turville ROY PRICE CHEVROLET CO i you'll see complete secretarial stir ice personalized telephone answer ing TWX Desk Fax Mimeo Photo It - DAY you want lust the size — offices Competitive Rates Minimum Cash Outlay Straight or Equity Trades Accepted rote 141110 ITAIMMET 0 tic S n ormation 010131 4Taltx 11114 4Illittatik2P4tritaD 41(0 all till 4111staw)6111 Mmomimml 1 111 fi 1426 N Logan Mon 1720 CAPP HOMES vier um 5201 W t ol -- 1 4eth Avs Mom Station last Denver NAME Utah Phono 801 To ADDRESS 752-63- TOWN ON Itt0 1ktait Plticirlli714 1 liP---- ---- STATE n own s to t 0 I don't own e lot but I could est ons ' !' ) 4 ' '' L 2 Sex 12174 Colo 10211 Please send rno more Information Fullmer I 1 1 7tiL-410- 4 from NM ALL MAKES : 1 $ -- I which smothers the forces of is expansion will lead to lesser tax in revenues than no tax increase lli - N fourth-quarter- tizk:6:iiA—ii4:-:- bo in $Tbilli-o-n-Thir- In mon n si sons 1W 7 z L:7:: -- ii l ! 41 4 — all" - N4tti --- I A! 0 ' the six-ye- NEW YORK (AP)—The following table lists operating results In maior lines of business and finance in the latest week with comparisons with the preceding at week and a year 890: Other economists are even n latest sea Year II90 Prey wk for new excise tax cuts iii Steel prod (net tons) 2528000 2512000 2693000 calling Freight carloadings 533970 504271 544836 as the next governmental step III 141 Freight (billions) 131 139 in an Auto production (units) effort to bolster consumer 19336f 130459 239118 Soft coal prod (tons) 10415000 10240000 10110000 demand for durable goods This Crude oil prod (bbis) 1685010 1751210 8318260 !could Paper prod (pct of cats) 955 inject an additional $3 bil-- I 955 961 Paper board prod (Pct of cop) 920 930 960 lion of spending power into the Bond Bales (Dar value) 1751614003 172209000 826650000 Bus failures (number) 289 301 291 Elec power prod (KWH) 21209000000 71403000000 21399000000 Bank clearings 954786471000 957723526000 846493509000 1 a Demand deposits 1109435000000 9106162000000 81 05991 ctoo000 Business loans 160691003000 960404000000 $538e7000000 1958 Excess mervas 9367000000 S115000000 8360000000 113109000000 113108000000 Treasury gold stock $13733000000 Brokers loans 11457000000 11620000000 $1929000000 Money in circulation 143571000000 113540000000 841319000000 Member bank borrowings 1202000000 1167000000 8614000000 f1NOW4 so 001 of only now also would be slight reduction in full discount booming 167 the in the Not lending rate at major banks to work Even a 1 Last Week in Bustness also indicated cent for the in 1966 economy index applianto-ces lumber ‘ increase and materiindustries Gain Up to this point though there of 35 per cent rise against any further major slip- - however would not 'present a lis no cause for great alarm The recent business slide may well page in the economy physical gain since prices of turn out to be no more than a Could Restore Spending capital equipment have pmbapause in the nation's than more that bly jumped If Congress approved restore- 1 ec onomic expansion even since last year tion of the investment credit 9 of the 12 leading eco-though in But further the upturn and accelerated depreciation as now point these expenditures should help Immic Indicators Idownward promptly as many expect the to offset the declines further ff ect might well be thP sthat still loom in another sector t The optimists are still con linked to the belief that infla- 'Wiles "n it) vinced that the arrival of spring specifically tonally dangers may still con- - year to business spending plans Of the economy will restore consumer confiindustrial front the US in the second half production for new plant and equipment It With automobile sales still de- - dence and spark a brisk upturn of the year even if the business In effect restore the in sales of cars appliances investment area is no longer pressed and steel output lagging spending previously pruned by from last other durables and general year's pace the indusbusiness because of the 7 per retail that will help proactivity index well trial been have economists production may Many cent credit suspension the economy pel upward again advocating disavowal of the sur- - The President's proposal sud- - suffer a decline of 5 per cent or (Copyright) more from last record recommendation on the year's charge den and unexpected was doubt- before an expected upturn ground that deteriorating eco-- - by a new gov- - Ilevel in triggered lessly uuSINESSMilil nomic conditions now make( during the second half of ernment survey that found busi- - isets s u c h action inappropriate ness Your customers are capital spending intentions:' Washington may also be moti- - even lower than the reduced Other elements contributing valuable Reach them every —1 vated :by fears of an excessively month for only a few cents rate generally expected for this r I YOUR AD COPY ON 3 a 5 large federal deficit this year DE LUXE a result of heavy spending CARD INCLUDED The survey pointed to an actuSurcharge Hazard al downturn in capital spending OFFICE SERVICE r On this point Dr A ? William in the first and second quarters1 ! Freund economist for the Pru- - of 1967 from the 0 dential Insurance Company obTINY 1111 11111 115 Il II 0 II served this week: "The federal E 1 MONTHLY COST budget might well suffer a larg-- 1 i' LEASE '67 CARS is "Come er deficit with a tax surcharge All Terrace Plaza says s : EVERY than without one A tax increase la Prompt Courteous Service 76 and take a look" You'll sett de luxe ' ft are bases for new surge forward plan is to be unveiled shortly civic auditorium A beautifleatima ' Up anti Down the Street 04) 4'4 |