Show ''-- spasiewmio4voikVoi16pooipae ' - - ‘k 1' 1 - 0 The Salt Lake Tribune Thursday April IL 6C 1561 Here and There in Busines I 0 1 - I I 1143 NO leammMini C I ' I 010n 0 ' - lit ‘‘1-i- ci 1 First I Over 1966 Gain- ( i DETROIT (AP) — Sales of new cars in the first 10 days of April soared beyond those of the corresponding 10 days of 196 It I US-bui- 1 1 Chrysler was up 7244 cars 25 per cent gain GenAmerieral Motors up can Motors up 411 and Ford down 5986 The net gain: 7697 Chevrolet division of General Motors was the only one other than Ford's Ford division to run behind a year ago and Chevrolet was off only 2316 compared with Ford division's 6209 The improvement continued one noted in the last 10 days of March but which still was below the 1936 rate of sales a steep -- rt Interior secretary for mineral resourcee stated the adminletration position at a Senate Interior Committee hearing: Remedies Available President Johnson's proposes to stimulate trade with the European Communist nations "Our opposition is based in large measure on the belief that adequate remedies are available to the lead and zinc industries as well as to other industries threatened by increased imports resulting from trade concessions Measures for relief should be taken only after a finding of serious injury or threat of Inventory Rise Halts WASHINGTON (AP) — The 1r"MMPMRtrrqwIrrey business of accumulation inventories came to a virtual standstill during February fol lowing an uninterrupted rise each month since the fall of 1964 the Commerce Depart ment reported Wednesday 'it''' '!)!0(' ! 90:41 iriti:In ''H ' The bill would impose automatic Import quotas on ores metals and finished products when domestic stocks reached certain levels or when produeer shipments dropped below those for a base period J 'Cordell Moore assistant '— (AP) e on prohearings Bank fiposed Export-Impoof equipment for a nancing automobile Soviet factory were won Wednesday by insurgents in the House Banking Committee The hearings will amount to an early round in the coming congressional dispute over Donald of the president Frey Ford Motor Co Ford Division of W811 named vice president pmduct development for the entire firm Wednesday Clairman Henry Ford II announced the appointment at a board meeting Matthew S a McLaughlin was named vice president and general manager of the Ford Division as Frey's successor WASHINGTON (UPI) — The Johnson Administration went on record Wednesday as unalterably opposed to a lead and zinc import quota bill written by Sen Clinton P Anand backed derson ) by a bipartisan group of 27 other senators Pull-scal- 0017g:" XX' V 4 le ?:f-- ' ' ':' -- - "Pr- '' - p'"'4 :" 1 f '0' C r7'7 1' (:' i Vi' i c ! 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'' "i : "'4117111Psoa60 ' ) 4r : As for national defense Moore said there was no need at all for the bill He said the national stockpile contained more than one million tons of ' ' '' '' s t - ::- :: "f14 k : '- k' 'N' i -- ::11 1 is 'I 4i' 54 s'r:)0- " c'' -- 4 "t 4 44414' '‘: i'' 7: z I 0"4 lil ' e' ' I e 4 °"k 1 ' 4 I Ifti: - 1of f g- -- i I - if 1 : 14'-- 1 i:I r- - ' ' - 0 t' t ' 7 E 0 — ' ')" el - 7' il i vz"--:-- It rtt - I4 tf : 1 o at 9 it 1 0 ! ni ''4 t v ' ''- ' 11) L 0 'N t 'ha ' 0 0 T if e t- ' C° A" ' 1 ''' N '' -- fr - 1 ' I I " 1 t 44 1 maices ttat - tOttIVI ettlbgtaSS - ilos ----- s tail0 tatitiet4 moltql - ----- - I ''''- - - Stp fl ' ''' awes - ' i 4 sales DENVER (UPI) — Pro posed merger of the Great Western Sugar Co and the Colorado Milling & Elevator Co was approved Wednesday by boards of directors of the two firms Plans for the consolidation called for the business of each company to be operated as a subsidiary of the merged firm Great 'Western United Corp The merger still must be voted upon by stockholders of both companies William M White Jr chair man of the board of Colorado Milling would be chairman and chief executive of Great Western United and Earl F Cross president of Great Western Sugar would be president and chief operating 4 ri ' AA um Chem " !Yeitir local a lot of '67 Chevrolet dealer's new car Bonanza Sale moved Cheviot ot g '''''' : 'The result? ' tots Chevy OK Used Ca—r Lotto ew his OK used car Bonanza means your Chevy dealer Is offerlrii a bigger selection than ever at prices you'll be emberrassett to bargain over 3o stop In Corral yourself some fresh horsepower:t of next-to-- t' trade-IrTio- n P Look for your Salt tuL - 1I trea Chevy OK Dealer's Bonanza 4 It - e - ' Buys in today 's ciaisified section - r 101Vd- 795 - L 10” 11-0uoym- sp' 4 PICKER -- lonormmt "i 4p1 tille I 0 oaaimkooft i boom' Nionlmararefewommwwwwwormanor 1 imomob vemowritittomil I r the ing fror ible tail( One well Roc dril the proposed hya proc desi of p ! men i 1 ' of ''' qI 1 1 ' ':: 4 the bank's Into ' Hoytsville Summit Court- ty Mr Gtmn 1I' was elected to V uati erat 1 i ' s - board of directors in 1955 Mr Gtmn Dr William I West a nafive of Pleasant Grove has No been named head of the Autonetics Division of North American Aviation Inc He formerly was vice president of In the Research and Engineering Di vision Douglas T Simpson state director of the Farmers Home Administration in Utah has been named head of the Department of Min In hyd engineering Cop full the vele Agriculture's "Outreach" program in the state Its mission is to aid rural communities in development programs and to designate all available sources of support W H Brown and Gars S Tolistnm salesmen for Freed Motor Co have been cited for outstanding sales records during Lewis F Martin has 1960 been named resident sales representative for the Chica- laye Veni the coal mer seat at go Burlington & Quincy Railroad in Boise He has been traveling freight and passenger agent in Salt Lake City : Devere M Watkins has been appointed assistant vice president of American National Bank He joined the firm as assistant cashier --1 alte Mill tion Min in 1965 ' f? --- -- I i À ( ' 4r?' Penner BristolS Bullionf 111 ' rr ' ''7:-''''''1 ijIIlon A Cardiff ChamoS CnietCo ChirtfCa Clayton: 'C' CoioCon Mr Watkins CombM CornetC Cons Eui CresEai CrownP Dragon E:Utah Mr Lynch Don D Lynch 1R10 S Main has been named Congo learn Env Mil Nairn salesman of the year for the San Francisco Los Angeles districts which in dude Utah Idaho Wyoming and Nevada Owen Chia 423 Clarti Crowr Brisk Euro Fore Go ico Gram Horn K041114 keyst fir'11:4 4 CABANA 04 -qt CHIC 754 'flow d 41nialoktrro ' 'iko REMODELED NIWL ' 1 NP4 -- 6ve SERVING 4541 N Saybv World's Pinsei Porfotmemee Al Mothine veal oiiminate :tit reek goeillems A motild for foodition end b:dRos rrNN ffova DM111$0flueN I Dal At 6 PETE KINDSTATHER 411 NO fre4-11- 232 1 native A 1 I ticj 41" ' "I ''—' F-- 371711"r411 per NOW OPEN ' REG Unil : — Egos: LOS ANGLES prices to retaliers for distribotion plants (delivered Ws cents higher) AA extra A extra large 3Sys-7- t large 3717424 AA ier9e A large AA A mertlem medium 9749111s AA smell 7r415V A erase 7942112 8 taroe franstrtwt AA woe 3054 A Wrote 400 AA medium 3343 ll PA 4 ‘ 79 ROCK li ""1 ri store i velc jt Medium A Small A 40 lb similes§ block atlas 5 lb loet 501ss fliid foreshoro 54 IFS score 001 92 boor 799s 90 ANDERSON ' ‘ 00- - mal soh ': Egg Market Sutter AL WOr Everett Gunn Salt Lake City has been named president of the First National Bank of Coal-- p4 ' ---1 i little to suc- 14 ceed Floyd D ' Williams who I z died in March ki: telt Lake City eott mericet ureters:sat Prices to retalters delivered to stores In cartons cases xthanoed Grade Lee tk oil 44: x i aba Trade Winds National Defense Transportation Assn Thursday at 6:30 pm in the Officers' Cub of Defense Depot Ogden I ' 803 merger Dies Eye-Idaho- an under address the Utah Chapter ovd stVictiPa ------ officer Rear Adm Edward P Metzger commanding officer of the Oakland Naval Supply Center and Twelfth Naval District supply officer will COVERAGE $34 Sugar Milling Merger Proposed Admiral to Spènk F'It $451 Saints y - cribtrss s ista(' rtP at kttg 11": GIVIA la 1" iillefte t'RP4 0101 tr3aa 6attlriSt 4 2 one-tent- (AP) — Merger of R C Can Co with Boise Cascede Corp has been approved by directors of the two firms Boise Cascade Corp reported Plans for the Wednesday merger were announced earl Der The proposal will go before of both comstockholders panies on June 14 at meetings in Boise for Boise Cascade and in St Louis Mo for R C Can 2500 It tes 4 ' -- LikfBIALDIR - f— 1 atd 1 1II9 1 torligneS 1 4 s' r - r-- i plm riel Area procurement and production directorate contract for Largest went to the Weber $517795 Central Dairy Assn Ogden for dairy products BOLSE Combines SCOTTS Halts the leading crabgrass contra amd Turf Builder America's favorite lawn fertilizer Prevents grub damage too water in Will not harm grass seed lets you seed any time you wish i'' " 7:: :1 : '' ' In Washington the President's Council of Economic Ad visers had no comment on US Steel's action US Steel said the items Involved accotmt for about of one per cent of its He joined Bunker Bill as a chemist in 1917 was appointed general superintendent of the smelter in 1940 and was promoted to general manager in 1954 to Iry''' J - I I - $53 ovel HILL AIR FORCE BASE — contracts have been awarded to Utah business firms by the Ogden Air Mate- pital here ) Fre Lah issu Forty-tw- o Merger Approved e and up Business in Utah odd-size- day — " Latter-da- and biggest US producer d prices on structural steel sections and sheet piling effective Satz r----- 1'4' P' prrsBurou boosted Wel role and training of youth Concluding speaker will be N Eldon Tanner first counselor in the First Presidency of the Church of Jesus Quist of (AP) — US Steel Corp hiked prices Wednesday on a tiny piece of the steel market the second Increase of 1967 The industry price leader LONG ISLAND NY (AP) Paul C Feddersen 77 for mer general manager of the Bunker Hill Co at Kellogg Idaho died Tuesday at a hos- - - t 1 r ?e:J-- - r--- k — ' ''' 45 r-- - '" : '$ rl 1 P: ir it) 7 8teP-P'- ' Price — -1- I Steel Leader UPS thai symposium on "Bringing Successful Industry to Utah" be conducted Thursday from 7:30 to 9:30 pm at the new Utah Technical College auditorium 4600 S Redwood Road Four speakers will explore the subject from diverse points of view Los O'Green Fred W Angeles senior vice president of Litton Industries Inc will talk on the performance of Utah's "high quality" work force F Felice general manager of the newly estab lished West Jordan plant of Electronic Memories Inc Hawthorne Calif will discuss the role of the Utah Technical College as a training institution Col Albert Knudson chief of personnel at Hill Air Force Ease will speak on the base's (Copyright) FRIv AT ALL GRANO CENTRAL GAR DEN SHOPS ' 4k 11 ) WIC 111L8 - 1: I '41411'44-VAT- d Act" tion Prevent crabgrass while yoq fertilize ' 4- -- greiTil 1 ' :d ' teed debt securities as a supplement to private financing Mr Broussard noted The balance of 293 cooperatives Group C could not sustain a 4 per cent interest Tate on existing debt and maintain a level of etunings after payment of interest Mr Bromsard pointed out although he noted that many of these could support a large portiottof their debt at competitive rates with only the remaining needs supplied by federal ftmds "There eitould be no doubt that there lane need for the extensive banking system provided for in HR 1400" Mr Broussard- said 'It is equally obvious that there is a need for a change from the present conditions which provide loans without regard for financial need under the Rural Electrifica- PRICES EFIECTIVI TH SAT il 11 - r 111111111 -- T1 - '' r ' sP44z- bl II '° ‘ li Yi o 1:Al'''i 4i ri:kic '1? -' -- - :: - AVE - Ns - II ' These could Obtain all outside debt money front the competitive market with only modest assistance by the federal government possibly in the form of Insured or guaran- power to rural America and the inability of rural electric cooperatives to pay the going rate of interest for capital funds" Mr Broussard said "but the fact is the average rate paid by REA residential and farm customis 11 per cent below ers the rate paid by investor utili- ' 1814t''- -- a' NS 16 ? co-o- ty customers "The greatest number of these cooperatives can pay the competitive interest ratea and not disturb existing rates for service" be declared Mr Broussard pointed out that although all rural electric cooperatives began as federally financed and subsidized power supply agencies the erroneous assumption should not be made- - that the - t v eV' - e' 0 0 rl ' y 1 operatives "could pay 4 per cent interest on vdsting debt capital and still have Some earnings on equity but less than 8 per cent" Modest Assistance t411)4 '''''' 1:':"00000e These could obtain all of their financing from competitive market sources the witness said Group B including 481 co- of providing - Groups ry E capital" Rate Low S For comparison purposes Mr Broussard separated the coop eratives into three groups Group A comprising 16T of the fiancially strongest "could pay an average interest rate of 414 per cent on all debt capital and existing earn after interest a margin of 8 per cent on equity 'Much has been said tothis committee about the high cost " '' '' ' sit' 00) ': ' — - ' ::::A' 4 40 :t':: 4::' lc ig 7':iT h ' ! 4t4 1 --:-- ? -' 1 fl 1' 1 :ir - N10--1 4" 'r' 7' -: ales F '11 A ' - '''' REA In-Indust- outnumbered declines by 811 to 555 but leading market indicators finished with slight losses ' The American Stock Exchange also faltered after a promising start and wound up slightly lower The exchange's Index was ahead 10 cents at 11 am but closed one cent lower at $1729 Of 889 issues traded 349 lost ground and 311 held narrow again& 47Z-'- '' we- - Notes Mr Broussard noted that only 293 show the need at this time for help with 2 per cent federal loan funds the rest having accumulated enough equity (capital or ownership accumulated from surplus revenue) to acquire all or most of their investment funds from private institutions at competitive interest rates each metal — a level in excess of requirements Anderson asked Moore to cite him an instance when the State Department had ever done anything for the lead and zinc industry Moore couldn't do it bat he did say the administration was not unmindful of the industry's problems He noted at the same time however that the industry currently was "in a very healthy condition" e " 44146 939 distrihution o -- : stoaplie and fifth in zinc production Re also reported three recent important additions by Utah in lead-zinproduction s 6) retaliatory Wallace analysis pointed out by accumulating equity the cooperatives obtained financial and bargaining power to operate retain a fair independently rate of return on invested capital and leave untouched their present rate structure for consumer Mr Broussard was a utilities' witmestt in opposition to the measure Basing his conclusions on a comprehensive analysis of all Bennett warned that any further delay would cause "a repetition of the excusable conditions and intolerable caused by excessive imports" Sen Frank E Moss noted that last year his state ranked third in lead 1 e t kk z-- ' : '' ielt 7 I 1 it adopt measures" His 11 Prospects Eachange that - York News - cooperatives would all centime to need federal assist Opposes' Measure - exports as other US countries gen Al'It t i yr ''''((7to'Fit'! - tA '''l'' '' "'41:01P""'':'''r t ! A ' ment "Further we believe that unilateral action of this kind would encounter serious rein our foreign percussions relations and adversely affect nabs Testifies 4 4: b' el ' 41 P' -- ' '' r Special to The Tribune WkSHING'rON More than half of the Rural Electri939 fication Administration's distribution cooperatives are now financially strong enough to beccrne independent of fedlow- eral subsidizing by Interest loans a congressional was informed committee Wednesday by D L Broussard financial vice president of Utah Power and Light Co Mr Broussard presented his views to the House Agriculture Committee which has been holding hearings during the past month on a measure (HR 1400) which would create an extensive federal banking system under REA control and giving REA disbursement authority for loans of funds estimated between 750 million and one billion dollars Panel oAir New Twit Times Service NEW YORK -- The stock market closed "on the fence" Wednesday after a morning advance faded Price advances on the New York Stock emonroulL Sen Gordon Allott said the lead-zinproblem has been taken to the Tariff Commission several times with no beneficial results ' 1 ' ig v4 r)4 (( ' 44 4' 1:''$ i g ':''' '1 iviAl Alia "We question the wisdom of tingling out these two corn- modities for special teat : 4 P700 ''''' 0tr" ! boho 11061 injuly by the Tariff Commis- - ' ''''''''CkeWs ' magma c 4"'4 '''''''' Foam Import Quotas Opposed by Interior Aide 50 WASIILNGTON "monvice (Al') N 4 Federal REA Subsidies Lead-Zin- c Win Hearing Bid Ford Advances Aide I 1 year — (AP) Foreign textile imports have produced a shattering impact on American industry and House labor a employment subc ommittee was told Wednesday Mr R Buford Brandis director of the International Trade Division of the American Textile Manufacturers Institute said it has been estimated that 200000 jobs have been lost in the industry At present he said imports are taking more than 10 per cent of the domestic market Brandis said reasonable contmls are needed on import volume 1? Int -- A Stocks Advance The n Stumble UR Officer Opposes - "There's one thing I DO like about your work It's so neatly typed that I'm transferring your typist to more important duties" totaled 207357 compared with 199660 in the same span last WASIIINGTON ir era 1-- Imports Cut Jobs s CA''t"ioktas----:--::---:' was the first 104lay period this year that sales have run ahead of the comparable year-ag- o period sales this year April lt P- 0 - i s ) - York Ilmes—Chleingo Daily News—Chicago Tribune—New 0 41MMEMEINO Ul Today in Business 5alt falit ''g?ifibunt 13u$ino$ 1 - New Auto Sales Climb - Mines—Markets—Finance 1'1)117Kai:1 1 MAIN PH HAMCITY itcloc DINNERS until I 4 1 trIAIH-- Nolen Ihroughout bite:mountain Area 11141 sac) s rdd d ' I - obd" 1)414dM '111011061 a" p" Isommumou ) I 1 ' '" |