Show 4 ''''''''''-itee:-' - 7 "!1''''-'1r1"4- ee'lSSITf7 eFoT IV' V s810loweitelVel ci”Ace ce 9C The Salt Lake Tribune November Sunday ' ' ''' ' ' : tt 1 '' i -- - '' '''' ' 1 P -- ' i 4 1 ': 1 1— I I: - ' Aolod : S '—' ti (t )47 tc' r ff : ' ? ti i -- OfWIrlei c'''f- ' - '' t ti I 1 ' - 'Ate ' s TEX — The epresident of the 196rican7 troleum Institute has been a year of test and response for the industry Frank N Ikard a former Texas Congressman believes the industry has turned in an excellent performance during a year in which international and domestic events have subjected its operations to frequent exposure and publicity In his annual report to the Institute that represents all segments of the domestic oil and gas Industry Ikard said five points summarize that performance Demand Increase HOUSTON ''' ''' " t L ' I s 40 e -' ” 1' r I I 1: — :Virgil Adamson Salt Lake Turkey l1 ' ' " - L 4 rrocessing plant superintendent checks processing line equipment t i - a I ' Turkey Industry Eyes Woe - g Of High Costs Low Prices Continued From rage C-- pie birds be continued ' For the turkey grower life Is a job with ' explained Soon after the first of the year the poults' will be transferred to brooders but the Intensive care won't stop there he pointed out C glint of optimism Then several large bond Issues were offered publicly on Tuesday and Wednesday some with the most attractive terms In history For example a issue that may not be triple-redeemed for 10 years was sold at a yield a little higher than 64 per cent These bonds and some others sold out and bond men quickly breathed more easily Most of the week's economic statistics would have been brighter had they not been affected by strikes particularly In the automotive and copper Industries strike at The seven-weeFord has been responsible for bolding back the US output of goods and services by two billion dollars in the third quarter and will have a fur- 0 i Moroni-Gunniso- consumer period in 34- Savant Asks By the end of the decade WASHINGTON (AP) — A the young adult group (20 to 34 Harvard University economist 45 years) will have increased per cent said Saturday the government To appeal to this young should encourage marginal adult market it is necessary to seek jobs elseto look beyond the numbers to where by giving them a subsidetermine what these people the to farm leave dy are like what kind of Ideas Hendrik S Houthakker said under his plan farmers would but about the way they want be the transitional reed comprises about 1 g LA growers are eyeing the vast California market where 15 to 16 million birds each are produced year at mostly for consumption home And the high cost of labor land and feed In California is some of that prompting state's turkey producers to consider Utah as a possible base of operations "The moves are already taking place" Mr Morgan DI Building? OFFICE—PLANT—WAREHOUSE WE PROVIDE For Loose or Solo Sit Plans Financing Construction lildUStrieuS6411114C0 9 r la-'1-- ' 74 Iris t ' - -- Ps eie F 't 4'11 k 7 1:--:-- 71 --- -- - 11- I t-- 1 1 ti ' J tl11) r04rf ' - - 4 "I'm not one to say what an employee can or cannot do but I'm sure you and that ridiculous beard would be - --- happier elsewhere" r ' '''s 1 I Hi i I ' r 7 '' atiltL' Ii ill 1 11 I l i t 'PI —T"---- I Pri:—40 I ' 64 s ili i: ! ' N - I 1 t" 4' tLittsAresl' IP ' 1''-' p4‘ 4 "'" ' ' ' ' ''i "- - 4 re I 3 ''':'1-1-If- f 6 — ' - '':ItIl it- F 144r114 44kfl: A i :: c1 - 1 TR'UCIC RENTAL 441 ! t 'CENTER I 342 W13th So '' 4 486-202- 8 SUNDAY PHONE - fir vow A' 41-- I -r7 -- I ---- - 321-41- 00 I: I 4- - rLritizTh I - Refinery stacks tower above Frank K Webb at American Oil Co facility In City - ' A second later a huge mushroom boiled skyward Mr Webb and his associates fell to the ground as the shock wave tore over refinery smashing them windows bris anchor As boss man of rain of the including de- thhip' s Five hundred and ' sixty many who persons died Texas — City — recovered from the disaster During the next 11 years Mr Webb watched it grow as industry after industry moved into the area In 1958 he was on special assignment to New York City In 1959 he was named assistant plant manager at American's Yorktown Va refinery a post he held for three years '— ! He invites dissent by his staffers as a means - tt of get- ting the best solutions to problems "I dent want 'yesses' I want their ideas" -- 1 i -— 1 He also believes in training programs to improve the competence of the work force The sense of competence adds to a man's happiness on the job and to his performance Mr and Mrs Webb reside at the Three Fountains condominium Their only child — a daughter — died some years ago of leukemia i' ' AGSSAL41104 ''' 1 ' i ! i - ' COMMON STOCK COM1ON TRUST FUND ANNUAL FINANCIAL REPORT As of October 31 1967 Market Value est Investments: Bonds US Government Agency 9911500 $ 134333624 141594600 3592792 3373188 - $147837916 $154876788 1119266 1119266 $148957182 $155996054 Income Cash on licind and Income earned but uncollected MrHenryldwards 486-010- I' $ I o its lia 4 --'"NI 411F'7 - ' :::'-'- Ot ANNUAL FINANCIAL REPORT As of October 311967 I Cost Market Value $130426243 $118933504 Investments: N -' 1416664 FIXED INCOME COLIIVION TRUST FUND rr rn-----P- A 9909000 $ 'Bonds L Corporate - 4111-4 Stocks Preferred Co-o- 9744906 Total Invested ' Total Principal of the Fund hand and Income ii 3243141 $143896778 ' earned but uncollected nMdilmleariISTaoldesayl141gr $140653637 32 43141 $157822423 Income Cosh on 355-293- 8 14410133 $154581282 Principal Cash 84101 7310000 144161-3- Mortgages p Salt LakeCity Utah ' $ 21450:694 These funds are operated under Section 918 (a) (1) of issued by the Comptroller of the Currency I Trust Department - State i Lj--------- Zin MI - i t t 4 I I National Association Salt Lake City Utah (Convertible) - - em- 1 1 - a Invites Dissent come close watch the - 325 - ployes Mr Webb believes in getting employes to think of the company as their company and to believe that each makes a contribution Debris of " ' In 1962 he headed an American Oil task force to Paris to investigate marketing opportunities in France then was assigned to Chicago as operations manager in the manufacturing department He returned to Texas City as assistant plant manager and was named Salt Lake refinery manager this July ward from the Texas City harbor three miles distant A plant safety goer rushed up to say a ship with a load of ammonium sulphate fertilizer was burning in the harbor and an explosion was feared Stocks Common 6666666666666666666666 - - - Si Preferred M Miller Beaver Owners 853 West 2nd South Salt Lake City Utah 81101 Please send me without obligation literature on opportuni ties in beaver raising Answers to many questions on how to raise beaver the tax advantages and other pertinent Address 1 i : : CONTACT: Melvicni:la information Name i ' 4 865 Sq Feet 1 TIP'Tir-l' f t iJLitALJLJALLi r Melvin te' t 3 Large Private Offices Total Invested Reception area Cround Floor l 1 PrincipaCash Plenty of door-sid- e palling Total Principal 9911C1QMPTITSA 7th EAST of the Fund r -- - Fl Phone Jo'y F Pinyon President '' ( - It i by curiosity had to the dock to burning ship -- - 0 ' FOR LEASE i' 353 West 2nd South -' - d k' 41Q17-L- 4 - — ' ' - We need more beaver producers now Your return on invested capital in this exciting new industry can grow substantially Enjoy many tax advantages Join over 1600 member beaver owners and ranchers across the nation Especially interesting to city residents Inquire now Beaver Owners ) IV ' t its— arty owlI I all ' 1m - FINISHED OFFICESPACE I : ' I l' - Ao-- — - An Agricultural "CO c - ' -- - 41 t FIRST SECURITY BANK OF UTAH 11 1 filtfV - ' '' t - IkV ' t - ' ' 41 c PP —1 ' ) ' ' I I II 1 ' : from K IA F 1 1 1 ' The reports government that Nov 1 stocks of foods in public warehouse cooler space took 64 per cent of the total capacity compared with 51 per cent a year earlier tioo Nago-re-- ii -- 4- -i rrITVIr ' L 't J IN 't) '1 I' I - Tt 1 lip ' i ' P ' : " :4'4' storage 41r1 - t 6 e " tilt iã -- ti 1 - ilk pro- lu : LICENSEE A ---1 ' 11YtZ - 'I 1 1 L 1 ' -- ' 1 ai("I' u 7 '111) - ' t ''' r1n iia'r r lir I - '''''''11 L t II 11 - t" g - ' if K I I I i 1 reeturet Svnellcatc Inc 1967 World rights reserved Kin1 I I - 4 i WASHINGTON (AP) pro Agriculture's bountiful duction of food this year is reflected in heavy storage of perishable products in cold -- non-bran- d 4 - crietepdresheentssaldm ducers in all 50 states Mr Ure said The organization controlled and financed entirely b"y"" farmers has a program that includes consumer advertising merchandising product develmarket opment research research and public relations Robert L Nelson ADA of Utah manager is in charge of the annual cmePting f ' wiAllDblei t :441 1i ord- - Plentiful Food 1 L i - - Ite ' membership meeting Satur- day at 2 pm in Hotel Utah Utah's Dairy Dairy scholarship winners for FFA and clubs also r-- 1 : c'is 04 ci J 4"--' - 4 ik- it ! Neu ca will be honored during the session said J Edwin Ure Kamas Summit County ADA of Utah president &' r! - - -- 1 1 '1 Year chosen yearly by the future Farm-M- r ers of Ameri- ' ' ''' Field Mass In 1945 he was on board a troop ship headed for Cal- cutta when the Japanese capitulated lie commanded an ordnance battalion north of Calcutta then returned to the states in April 1946 and to his wife the former Lorelle Joiner whom he had married in 1942 Ile returned to Texas City to become a labor relations negotiator for the company The memory of April 17 1947 will never lose its sharpness It was 9:30 am He and other staffers were watching columns of thick Orange smoke drifting sky- - man of the i No subsidies of any kind would be paid to new farmers or land owners 4-4 I ''':: of remaining farmers" wrote -) ) 0 't part he 1 f OP rf i a basis by the departure of producers who can do better in other sectors of the economy and by more effident use of resources on the on 1: 1 he was Frank R Neu Am erican Dairy Association public relations director will be the lea- tured speaker at the annual 1 ADA of Utah be permanent main purpose is to farming put 117' 191 P !?1110 to "Their meant L111:41 ' ' 04 Iin - rejected llouthakker said the trans! tional acreage payments — as the gradually ending subsidy would bP railed — are not 1- r I the Idea rr said tt nor Utah (Copyright) H W or- - - - '''' itt Bay Ordnance Depot in Bal-- Dairy Group Prepares Annual Meet t i ‘ In those war years he was In charge of ammunition - Insd- - : n Corp Capitol 70 Loading Ammunition endorsed The retail price of regular' grade gasoline before taxes per cent of the cost of raising Utah's turkey crop Mr Morgan said And Dr Draper noted local growers start with a built-idisadvantage of two cents a pound because of freight costs But both are optimistic about the industry's future California Market llars increase in GNP that Ynany forecast for the fourth quarter the rise may be closer to the 811400000000 estimated by the Argus Research I the - and they are a far cry not only from their fathers' generation but from young adults of just 10 years ago" he said gPaillicYzatnelonsearnechither Detail Price Draper said Feed Costs Now instead of the 18 billion dollars to 20 billion do- A tic crude oil probably will approach four per cent "A percentage Increase of this order means we will have produced in this country well over 150 million more barrels of oil than in 1966"he said Ile added that the armed forces procured nearly 390 million barrels of petroleum this year about twice as much as was needed at the height of the Korean War Ikard noted there have been some selective price increases for gasoline In recent months "But the average price for a gallon of gasoline excluding taxes is only a fraction of a cent higher than It was 10 years ago" n Curtis return to a free market system without subsidies— Farm policy should be based on the need for agriculture to adjust to an expanding economy not on nostalgia for the family farm Houthakker said in a paper published by the American Enterprise Institute for Public would Per Cent Increase Bard said the year's Increase in demand for domes- - — hind-quart- GNP Doun !iced imeann sudden I : Itecrultme'n-t- Quick 1970 ' Trioit Graduated from Georgia Tech in 1938 he was promptly recruited by ran American Refining Co — later to become a merged entity of American Oil — at Texas City Tex Mr Webb who also had earned his lieutenant's bars as an ROTC Cadet at Geor- gia Tech was called into the Army on July 1 1941 for a year's active duty with - -- army ordnance It wasn't until five years later that he was disz charged as a lieutenant colonel For his life and the lives of millions of others of Americans were changed by Pearl harbor Harris also urged brewers to appeal to a special target — the growing college populations students of drinking age The college population will total 5600000 students by To Quit ' beer drink more li- quor than beer lie urged work to switch them to beer — Appeal to Students - ' ' Mr Webb was born hi DLO NliSs in 1916 Shortly after his birth his civil engineer father moved to New Orleans and thence to the west coast of Florida to take part of the lush real estate boom of the Twenties In high school Frank found himself a top performer in math and the set the prices Ile considered possibility of being a civil engineer like his dad then- switched to mechanical en- -gineering women : who Pa y Farmer ranch— 816100000000 1 same the 1 Like all agriculture Mr Morgan added turkey n has evolved Into a smaller number of larger operations To make turkey more appealing to American housewives expected to consume 125600000 of the birds this year the industry also makes the meat available in leg and roasts wings cooked uncooked or smoked breasts whole- - smoked turand roll roasts Dr keys walkout at the General Motors Corp The third quarter's gain in the GNP was 5 has 1 highly-automate- year old group is today's fastest expanding seg ment and has only begun to make itself felt Forty-on- e per cent of the beer in this country is consumed by people in this age group said Harris These young adults consume- 359 gallons a year per capita compared with an over-al- l per capita average of 267 gallons Harris also said brewers to young shou1(1applal more prices rose 154 per cent — nearly five times as fast" emergency needs of nations abroad There was no talk in this codntry of gasoline ratinning There were no gyrations in prices" '29 rounding "This Is a far cry from 1929 when the Industry was founed In the area with about 25000 birds" Dr ' Draper declared ther influence in the fourth quarter as will an expected - ' that the marketers - 20 - to - 1957-19C- "And finally all of these activities were carried out with a minimum of dislocation and disruption" he said "Oilman eat" k ii Spiraling Segnieni Harris reminded these the price of gasadvanced slightly is stiP far behind the consumer price index" he over the said "Meanwhile — period — combined state and federal gasoline taxes increased nearly 19 per cent Despite these increases in taxes motorists were paying only 37 per cent more for gasoline last year than they paid in 1957 During brought about by International chopped eggs and green on ions for feed' Modern poults eat mash speckled with brightly colored ground corn to catch their eyes ' the MIT poultryman continued "If it gets too hot or too cold they won't come out to bd- 1 salers Assn convention Hollywood Fla gallon ncrs magain tth Require Good Care "The poults require real good care They have to be and given - adequate feed levels not seen since World War 1 and investors were slow to buy even at those levels The steel company's decision helped bring about a shift in mood in the lug the gloom and spawning a ' ' riAeedvrert‘ishionige tporleasitiditentN "This year oline but it r Md ntinued 'Buck Fever' Worry to Wall Street ' a cents Ile said the industry met another increase in demands for crude oil met increased petroleum demand for the military services and in a rising period of generally prices continued to supply products at relatively stable prices The Nliddle East crisis he said proved once to e ability of next year's crop in the incubators even before this year's crop is delivered Dr Draper I I11000000 'hard said declined 24 per cent between 1957 and 1960 falling from 2211 to 2157 —ated ' Ak '''''' ' soJ MOO $132000o00 1 "1 1 his working life Now be is manager of the Salt Lake refinery of Amert- can Oil Co a Job he was appointed to this summer Lying just within city him its in northern Salt Lake City the refinery has capacity to process 37000 barrels pf crude oil daily Born In Mississippi 1 By Max B Skelton Press Writer ' its 4 i t A - 4"' i l'' 1101114) ' - f is - - ' 114b $162V5200(1 t 4- -- i 1 000 °NI $14161000Aoo S4i783000 000 t207o00I 1ou Ill $1290704600 s Loeumoo Oigt s451Ps onomoo For Year's Flexibility s '' 0011 rft)0 vet) rtra) I Garner Plaudits Oilmen it ' ' 11a 1 compete mere directly with soft drinks and make beer more of a mealtime drink These were BlIggetiti0113 given brewers by a Chicago last advertising executive week Most young people say they don't like the taste of beer Robert N Harris senior vice ' e - 8591 06340100000 S16000911 Chicago Daily News Service Change the tasW of beer : ''''154 '' lir Webb Fuels Industry c 'rite soft easy cadence of Gulf Coast drawl comes out when Frank K Webb talks For it was on the Gulf Coast thatt he was born and where he has spent much of More Beer 34"" $'"6 1"111 tlepWASS Fran 1 cs fi - - ' Loapl Ite'Artves Treosuey Gold SIcKk -- --Brokers 1040S Mönre In Circuistion Momper Bank Borrowings v :7(1 : T Shout: Ie r ataka !II y' c ''' '' ritycis Portrait Business Teach 'Eni Year ' :: :'NE I4 I -- ' ) ' The tollowing Ifibil lists (swiping tolts In melee linta oa Ihnanoost arli tits the Procedfot wova and a financo In the lalest woa With componsons ago T h18 Wk Pros Wit Year Asa 2 fOlC))0 25r)) tie - —27J 1rd Steel Prod fltet Mot) Se5 tot? 568 iL S $i t449 )trioht t eteloaritogi : 9 ot 8 It rrovot Ton miles lbly(us) 719901 11449 l(ott41) 20976 10 9'04 )'00 IC 011000 1080011 l(kot) soff Corot P4ort 1101 460 1264010 $ara ter) (rude Ott P!c ol ltddlt 91 91) 0 0 al 0 Paper ftloatel Pt rid in' of tat') 91 0 90 I r0 140Ol d of P6o6e Ptot loct tap) 411111110 SI1129 C20 399261o0 Stock !owes N V Stock k cc fl 12 Ore) Se9 14061200o0 a1141904) NOMI SAleS NY Slock Extfv 214 7IS 278 Bus Fatiores 7111120r10M00 71170008M T161100000 Elec Power Prod (lewl1) 141 1464114000 0)(1 ss95041aa SetJOSJ7)000 - — Sock Cleartogi ' i ft- SIOSIli y' C Last Week in Business 1967 19 OP i 410'1 r - stle FrA1' '' 1 r ecs'ect lertr '41 71CTi' f:5''''')If')T74 ce2—te-y- er ' LUSAALAI 'i t 1 |