Show ' L 44- - - - ''- - " '''2'''-:- - 'H ' — 11144tk 4---- t - 4 :w"" LAP - - ' - - '' - ' - — :i1: ' 0 ' ' i i - s i'''''''''A'f'''''''''''''''if ' '' -- Up ' rrk - - NN-- : - Utah Home Sales Rise Builders Exude Hope ' ' 1 ::t 44 ire - ' -- ' - - ' ' Ck'''' I 4 $ -0 :i :1 :3 & - - (e'-- : r - - tl ' ''f':"''''''1"'""-:-- : : - 4- ' - ' ' - : t --r 446 4z i 1 pw1— i ivi4-?“t7' 4P '7' ' st t - ' t : 4 -- 4tia : "V 00-2- - I -r :'1 ' 4- - 0 k 11 1 4 tt ili '0 I iri'4 4'4' t1 7 tg-- t t : -4 -- : ' so4 fz l'''is' e J -- d l'! r -- ' i"- 1 4 : No7v-7- t :'''''''1'At:‘:s'" f :17''? g- ' - t''4' 1 4-- t l''' - I - t' ' A '11' 'ji 1 4 :: 4: ': 'e:---- t fl :'44 ti? f tt' Cl'- 1 ' ''' ' l' ' ' k ti e' 1-- '''H 'N - : : !i: - ':'" ''' l'"?'':::':' 4':- s::: : ' ' ': ' ' ' Settiol'i C Expansion Takes Shape - ' :Y$5 - 44 Y pl c ' k '!'' 1'' i"i15 H'''' '::: '' ''''' '" ': xi I - 4 ' ' 'At 4:s-:- -- k i:10-- ': : ''' 4-' t Builders Forecast End of 'Recession' -- All bode a welcome spring for Utah homebuilding severely nipped by the "winter" of recession now three years - 1 ''''''''- 7 p' ''''" ' A ' 4'' '' 'i '" :: - ' '?t' '''' ":::' " t " f' i '11 4 :t 1 0' : 'tkti-L'111'-A- 't' - ' ' ':"::tg-'''-'''''- ''s !- - ::' 'Wt:':': " - ''' ' T '" i:!-"-''''- 0- J ' 411L'''''41 ::: ''''':' "1'4 '' ' ' '1:Ail : ' "to i ' '' 4 1114 9 4 '''''' 8- 4" - 7 5070 Vary - I I l$$$ r - Nation Waits ' Resultsof : Lake 'City Utah—Sunday Morning—March J ' ' Tile Week in Finance - - investors i Crop Survey - ' (AP) '' The period- - '' " ' '2- - ' ' 25-ye- ar WASHINGTON ' 1 ' 0illi0iitfic3:41jiltioilQ0H(ii00 d - :: Their forecasts range from a gain back in recent years Mr Bowles is president and 110 to 50 per cent in starts chief stoCkholder of family building enterprise Says R C Duvall Ogden president of the league: "While 60 days ago it was difficult to find a savings and loan association in Utah looking for mortgage loans virtually all of them now not only have money to lend but are ' : seeking borrowers" rates conventional interest for financing are Prevailing down toward six and a half percent compared to seven per '19 1967 rage One cent just three months ago While a half per tent drop may seem like small potatoes a Salt Lake bank executives notes that it is equivalend ' : to a gross savings of $1893 on a $20000 loan over a 2 drop and mortgage Money increases Area and home building has been severely cut 1' national 21 4 - being poured for expansioi of G McDonald Choco- ii 1 4 ire Footings i 41 and perhaps With interest rates coming down also coming down is government more imp6rtantly:consurners — the 4iscount on PHAloant ThSt's the charge assigned to 'may' learn Monday hew much the seller of a home by the loantr to Make up for the differ- the Mrs J farrriers' ere willing to increase ence between the FlIA intereat rate—now six per dent 2250-3rNeal R CO East late production this year in the face and the open market rate McDonald president and poard In the bond market later‘ this of measure further to ease credit and By Thomas E Mullaney declining prices (FHA also affixes an additional half per cent interest Said 'chairman Friday In various sectors The administration's prompt yeiw with interest rates rising New York Times Writer Future food supplies — and' as an insurance charge) Jake expansion program 'will ' of the domestic economy and forceful action to counter- again retail food prices — may be NEW are y and partial htclude Slows affected slowthis act economic the Economy Imminent Cuts greatly by grower year's Discount Rate Now About Three Per Cent —dent that the Paree' basement additions tothe Plant decisions down contrasts with its stand-pa- t As the first section for of- United Cuts in:the 'discount rate find' quarter nears its The and a single-stor- y States ':econoy ' Agrieulttwe tkpakment posture early last year end it has become obvious that Currently the discount is now about three per cent fice: use Edward E Gaebler right itsell'this year and resutne in the 'prime lending rate of of a compared to six to eight and a half per cent last fall said it should results when have critics releases Monday the someslowed has economy vice president and general man- Its progress stimulated by a va- banks' may be imminent Adon farmers' plans for been taking fiscal steps to offset what faster than The Utah Real Estate Research Committee — bank and ministration mutes continue to expected three survey ager ' added riety of federal aCtions The important crops planting inflationary pressures and loan housing research group -- wilt issue a remonths savings ago Mt' qaehler estimated cost of ' Street believes that the present an optimistic front on survey made anntially ahead of port in April on the status of housing in the state ' Contrast Shows the Economists economic that a the 'agree situation although the ' expanded building being administration's 6 per cent tax crop season serves as an Says Raymond G Willie chairman of the committee: constructed by powers & Con- surcharge is a dead issue de- 'their actions seem to Indicate Meanwhile bond prices con--1 major worry is the heavy vol- important guide for the govern"We have every reason to believe that the drop in unsold of ume inventories And concern' the J struction Co Salt Lake City at spite Washington's dogged pub-li- e firmed to rise' and yields dement for food processors for housing was Inventory willbe substantial" so far disappiaintinent biggest $165000 to $175000 with cost of The evidence latest the clined to further adherence the proposal the despite exporters and even for consumA M McDonald past chairman bf the committee and on Friday of an"addi- heavy volume of new financing has been the failure' of retail ers new equipmen to the total of That' at least is the release interprehead of the mortgage loan department for Walker Bank dollars sales to offset the drag of Because of about a ana- tional 791 million dollars in fro: The bond market's action also tation iht inany-mark- et increasing domestthe that He expressed hope zen federal spending authority was linked to the accumulating declining industrial production ic and world demands for food & Trust Co notes that while increased monei is available marthe on stock lysts 'placed addition designed by E D ltet's: buoyant performance in for highways mortgage assist- evidence of sloWdown in the It will take increased COTISIM- — and because American stocks applications for loans have hot yet picked up in the same proance flood projects farm home econom y an d' government Ier confidence to get sales roll- of vital Fotheringharn could be in Use trading last week grains have been great- portion sUmetime in July IL M Calvert senior vice chairman of the Utah Real moves to cope with it: And some econo- ly reduced -- - the Agriculture ing again Stack averages reached new loans and education grants :Installation of new 'equipment highs for 1967 then eascct President 'Johnson has now If the economic picture does mists such as Pierre Itinfret Department has urged farmers Estate Research Committee and senior vice president in Is': expected to Increase the reactivated about of brighten and the proposed tax have been advocating cuts in to return to production more charge of mortgage loans for Prudential Federal Savings & Strong Upturn' the $5200000000 in federal increases are not enacted there excise taxes to prod consumer than 30 million acres of crop- Loan Assn predicts new housing starts in Utah in 1967 will flitn's capability production Omit 30 pu cent Mr' Gadder The market developed a mt spending deferred last fall as an could be a significant tUrnabout spending land which it had been paying reach 4200 compared with 3980 in 1966 prisingly strong and broad upnoted' "Get the corporations' to them to idle Salt Lake County housing starts should hit 2000 coin I lea- - turn in he face of a heavy flow t :"uilding expansion promise that the cut in excise These extra acres —which pared to about 1612 last year on one of adverse news about Indus tales will be passed lamg to represent about 10 per cent of ttre refrigerated storage The mood of opinion Is based upon the increasing 1 I consumers enflre floor Mr ' McDonald trial production housing starts and you cut the the crop land used last year — availability of money and the decline in unsold inventory and ante 'sales: The decline of nitted prices that people pay for dur-- had been kept out of production But another key factor many believe is the change ' h points'in the Members of the Salt Lake Sales last '' week ' totaled able goods by the amount of the because they had not been need- In local psychology' wrought by the Utah Home Investment :Two storage two and See Page 0--3 Column lIedin recent years tanks will be installed in the Federal Reserve production Board of Realtors Multiple List- $1796205 Mr Bromley saicl ' ("BUY Now") Assn basement allowing index last month' was particu- ing service last week recorded breaking down the total into 691' 98 — sales the number disturbing larly house highest sales'23! $1422155 reception of liquid chocolate in '' ' ' tank trucks directly from the The investing ' - ' community in at least three years Dan D vacant lots 200050 three niul- - ' and ritanufacturer the president looking ahead with high hopes Bromley board chairman said tiple dwellings $117000 ' '' "1 )' ' EA!11i The high for last year was 95 one business property $57000 isald Installation of a bulk milk chose to take encouragement II I fof ' ' tat le about:"10000 from the swift congressional ac- sales recorded the week ended holding I tion on restoring the 7 per cent April 9 Mr Bromley said not- week was bandied ' I! pbutids has been 'completed ' by Ace 'Investment tax credit the cut in ing that 97 sales were recorded ID V V 11 Avery Construction Realty Cm' the British Bank rate from 612 during weeks ended Aug 28 who sold two -- : INSURANCE STOCK — to 6 per cent and the conviction 1965 and Sept 5 1964 Laird Ave) fourplexes at ' that the government will move (3600 South) for $67800 9 liierican Western 8 ' The property was sold by! 212 2 Federated Sec— A Need ' Co Bountiful Construction to k Building? 1- 4212 Itonneville Sylvan 2 TELEPHONE ANSWERING i OFFICI—PLANT—WARETIOTISI Robert and Pauline Hanger Salt IhLy6:1117hat"' 634 Ideal Nat'l Life important phone Lake City Mr Brbmley said WI PIOVIDI tall when I will answer your Sentinel 6 5 ' 6 : 1 tS: :1 'r '''s ielibli - ' tktIrA'''''" p: :zi li 1 '' 00''-Nr4ki- ' -- g - ''- '' -- ' 4 :'''':1' ':: :f ks - x home-buildin- 01 i Y''' 4 It f ' -: :"- l ' Es: :- :- - In 'i :!': ' :'' - '''': : 1 S'elt ''' ' :' ' :'''i:!'''1::: '':'!':' - ' - 04 i'i'''' ''t' ''': :::::: a lt :':'::::--:'- - A4- - ' 1"? ' ? $ t ' ''f: ::' ' - '! ''''"' :c: 4 '::'-:V':::- - :: - ' :' ' i rs ' : '' i:- - --- ' ': kr":!" ':'::(: :''''''-- '''': uAaizk' John' T Bowles reflects optimistic mood of the homebuilding industry 'this spring as interest rates - Candy Plant : ?r ki:' :'': i':':'' i:' ' w-"- mt - ' 4 ' : ::- :f 4: lti''''°:44:: '''''':::'''1-''':''-' '' r::''":0?:i' 's:''': 11' litrot444:14411046:124141adool :' ''' I 1' ':: "' '''::' - ' ' duration '''''''''7' '4':''' '''''''::!' '4 ' 4:'':''''':''':' '' ' ' ' ' Increasing availability of money and a decision by pros- ' '''''' '' ' ':'":4C: '' sct '' '' ':k '' "'A-4)5i pective buyers to "buy now" is getting An" :74 :':::k "i' ' r :: ' 2 :? i s started again suggests Arthur C King executive secretary "'ks"-' et 3 ' ' ": 4 'v — t ' 4 4 ' " - ?:: i ''' A' 7 : ''' 4' ''' 1t 1 0' P P' ' of the Home Builders Association of Greater Salt Lake 444 ':! C' ' CA7:::'"'12:'4' 4Vs-'1:NAqh ''''''' it'''§''---)i'''''''The realities are that there is indeed more money In?i"':K 'f :" 1:i 4 ''' ILI! terest rates have dropped and the inventory of unsold hous '::'":" 1 11' 4 L'4:4 :t::irt '''''''' ' :::':' ‘"" ing that once loomed heavily over the market has been cut 4'4: i''''''''s4:::::''41!!‘t'-'':10' ' '''''' ' ''' 't:t 41'':' '' L' i''"': '' '0'' '40'''''i '':::''' '2 ' I' r' Says Ralph B Wright president of First Security State ' ' '11" 'it ' '4'4 "' It' W1 - ' 4 ''''''''''''''4 ' ' 4: vet '' ' ' '' '4 4 Bank: "Now it's changed The Iinvestors are back in the 1 ' 110148' ' '' !'4'' ' ' - '''' lb: '':'' '' " !''' '"4"6- - ' 'i'''It ' ''''s'' V ffiC"'Q' "'Vs4:-1 'N4' b )'es' market looking for loans to make What we need now are )f't:':- '44'Y-ic'i:"some more applications" '''''''! ": '' 6' '": Ats i ::4': :o t ' -1' ii 0 7 '4 11:: 55A I ''''' '''''''''''' ''''''' ''4 ''' 'i '' r Forecasts From 10 to Gain e ' ' :I: :4''''r4 : ! flii'::: ' ' k " '''''''"1::::'-':"-- ' V:::' 1:'t'''' ''':''( ? :::::' '! '' 1 ' ' :: kt: '' to- yrf--': - ''1''!''z'''''''''f'-I'C'''''''-'- ‘ ' 4 : 4 ' '' Ss 2 ?:A r ( ' I 4-!- t 4 I ' - ':'""':::'11 ' : ''' ' 4 6:‘:::i:g-- i 49 s' 4 t - ' 'i Z 1 4 'Q i' - ' t- k : c' t : :7 ' - i j': J -- ? ' I7 : -1 ' :'4I '' 1 - t 7 V'' - L ' j':)7 '''''i ' :f:' - ' I sI: -- 'A ? ir t 41§ V'04 ''1' ' (! t t --- 't- t"'e : -- - ! ' il 1 I John T Bowles is president and principal stockholder of Cranbo Inc a relatively modest homebuilding enterprise Granbo builds about a dozen homes a year The past two years have been hard t Ion Granbo But this spring Mr Bowles ' f ' 0 4 ':x :'4 ' 1 ' ' - I k ill: t ' ' 0-- 13ie tt By Robert H Woody Tribune Business Editor ' ' 1 to: '' 1 - 4 ' ' - I $4ZE4140 - - ' CIZZ:141444' -- 4 - ' I i ' has a pleasurable sense of optimism :' - looser beseems to gl "Money Buyer i-i' ri0 is interest 1 1 picking up" : 3"T:' i ''' :' 4""kk 4 '! '''' t a :' " ' 1 40'''''''''''44414 "v" z 1 i"' 4444 'it :1 And now Mr Bowles hammer In '"' 1 c‘ T:t1!rft iir1$1:l"' 7 14 Ji4-lik 4i ii i V:L7 t--g' r'i hand is busily working with his crews at 11 4 i his Bowling Green subdivision at 4700 S NK 0 ' '''!:''1 '7 ')I t t 0 1 1980 West t :ziLI :'' I' t4 ' ' i' ' :' I 1 :l Certainly no one is launching anytf a 11- L 'VIA6"0Ml44A t - '' ' : r 4 4t---4k- i '''r''' 7 ' 150 to 250 home subdivisions c::2 ' the i ' -' ' tr: 't vst ---t stIOW 't! : : i In the county's agricultural -: rtOks'A4k-- i ' t lre i Mr Woody Isi A '''' A ' Ati"- :'1 ''''' ''''''i 01-A !''''''':" --1'JimtIr-- 7':::'1:: :'''''''''" ''''''4)--:'3': '''1 ''1'' osa''' 4-- late the in lands Fifties Sixties --and -tearly '? '' 74 Arb4-K t! F1 t '' fillti ' ri Mr Bowles' optimism is being shared by many But ''''' 71 ''''''' -4 ' '144441'''''' :14 '''''"""""h"""'""'''''' b fottstp ' ' :' I small builders ' ) ' C1:0 4' ''' I o' ' ' 117 i7"141 f t i Builder Carl Ohran reported sale of 21 homes In cr ' 8:Fw to: ': z- O ' three weeks—or at a rate of one a day Some had been in ' It 'i4'if ' k '7Zt:7k: 1:':'!:4?:'I'1: If rs "' ''''"7 !' gki Of v r fi071 4 ' 4 1' 4': vt:4 9'tf!'''' "Inventory'e' sfor otiterintvo yeas '' ri g04 1: ' ''''''' ' ''' ts' 'V ' i1014-trAt-i old c in one week seven'ho t A: 4''' :7 ': ':'' 4 ''i': ' '''' ' '' 414''" ' '"" '' :'' :: Home builder Arlen Fox reported advance sale of three '7 ' NL ":'--: at his Riviera Heights subdivision at 7000 em41:i tlto ':: A4T ::4::::! i setIS21300n1 Eourrite! " s ''!: ": - 1 ' - -- --":"-- 1 kr k '' ' -- 11 :t p ' - ' :?5 - and Down the Street 4-- - ' ' '' ' ' - ster-derni- 1 ' YOILICI---Investo- two-stor- ' rs -- -- ! ' ! near-recor- - - - 5 d one-four- ' - ' 4 I Real Estate Sales Hit Record - 60000-poun- partial one-tent- d l - - ! ' 1 ' ' ' ! r - Largest ' ' - ' ) III : A 1 ) ' Security Surety Life " 5 ' Johliict to Prior Trod ' ALL STOCKS TRADED $6 W ' 114X 101321-264- 2 For Leas C or Salo l apitondusries H W: Broinhoit ' Inc m rer-'4-'::- r -- - 1 : 5 i 61 1 i r-'-- — l'll"'" z i: 11 - - rl r Also Avoilablet - ' :342 13th So: W SUNDAY PHONE - - RENT niucKs'or ALL SIZES I ' ER T Z 486-202- 8 SERVICE ' ' IN TEMPORARY HELP 370 Soath 7th East 1 ) t 1 364-656- 1 Employer 1 WE WOULDN'T TRY! ' I ' and you wouldn't call a watch repair- man to work on your Caterpillar equipment Our specialized facilities and highly trained men are devoted to one thing - to keep your Caterpillar equipment operating at peak efficiency with -- ' a minimum of downtime ' The best machines deserve the best I Equal Opportunity t annum at 514 par annum Daily Interest is paid on passbook accounts of any amount i avail' basis for EREST 141110 (Uhl Time Murray First Thrift's 6 available in Certificates are Thrift multiples of $500 or $5000 Your interest check will be mailed to you each quarter or it can be credited to your regular 512 Daily Interest account : How co ' 11""1 to :1 specialized service! Loot opwool est end ' Wkildbilt ' ' Wel : 088840 it 1 ''' IN Iowa 08 Maio Utilt Stal knot ovum Plieet 131441 Sewall ImAosoq Supos 1144 I ' bawl Otwiloint CatsvDdist at torstomet ----- MURRAY FIRST THRIFT and Loan Company Orntt km it Ho " a '''' ICHeC1144 with Quarterly Interest Option Manpower"Reliables" are THE 3 5214100 FAST EFFICIENT ::1 MANPOWER m c 111111411) Time Certificates on -- able orta quick-ca- ll loading shipping factory work or general labor I : WATCH MURRAY FIRST THRIFT 4 k -4-44-J - 1 That's Temporary Help From Manpower LOW DAILY AND WEEKLY RATES - l::::4 - li TRUCKi RENTAL CENTER : ''' READY! ton trucks Pickups stokes vans drive units Vi I 1 A 1 c ' 4 2 1 1)c :! ) 11 fi'41 ''' '1'1'' -- ki Qs - 4 ''' ''':a!:' - ''' '' gc NT: 4:'S'-:1-- vf --- -- - pt ERIT I' )'''21i rta "A g - DIESEL TRUCKS S I' ''1 0" BIG ja3S RENT-LEA- c '4164409 4 : 1 T - Construction 7 4 II - 1 Plane Financing ASSOCIATED ELECTRONICS ENGINEERS 1315 So ISA E Solt EakII C'HY Lindquist Securities ' Site - phono 24 hours a day for as No little as $845 per month Installation chorine for Infant's' lien call IN 534 I A single-bedroo- 232-23- 8 - I ' tiw4 I V11110?"" ' 4 ' e AC :Rao sa:1 330 West 21st South Strati i"eneemonamm4 traelortletits 04 revrolhor Trvfor ramp" -40t CATERPILLAR DIESEL INGINTS TRACTORS MOTOR GRADERS IARTHIgemiG Salt Laks City EQUOIRCIIT Utah 4177111 PMM |