OCR Text |
Show 'if - r7S23"1 ' ; 1 4 ' 'f ' il I i I : f i-- Jt le ' t Nixon Step May Call For More I 1' wf n By Thomas F Mullanev New York Times Writer - NEW AORK President Nixon took a giant step toward restoring stability in the American economy last Wednesday night with the ot a freeze on most addition-abut l prices, moves will be necessary if the na lion is to make any f iNt 4SS NAx'l k' v fc : 1 . s '? U 4 t;: ,- i" I ' 1 't 4 J, (,x' .cr- - -n Wo , - ? ,- 1 VV ,V, ' y sr;,. y? eepart The Sheldon Olson family from Minnesota takes ning meal at Salt Lakes United Campground. The I One Country Cant Win J - A Liv As modern as tomorrow Smith's master work, The Wealth of Nations, was not on the agenda of two important here oodv V financing to build campgrounds of a hundred units or more and costing upwards of $100,090 These will not exactly be wilderness camps They will be catering to individuals and families in campeis tieileis and motor homes Theie will be a cential store with laundry facilities, souvenn shop and leueation room with a televi sum set and peihnps pinball machines It is such Seven Percent that pleasantries For the pnvileges and services of the franchise, the tianchisee will be paying United seven percent ot its gate admissions. Whatever it earns above that on store whether services, pinball machines, etc , will belong to the franchisee get people to go and camping also to get into the camping business This week four franchisees of United Campgrounds USA confessed m a Tnb-- ' une interview that it was a love of camping that got them to consider mixing pleasure with business by getting into the campground business in Pans the 20th annual international confermonetary ence of the American Bankers Assn Mr. Livingston and the gathering ot ministers of the Organization for Economic Cooperation and Development. But what he wrote in 1776 lives on it has been travel- In international , it s this transactions, no nation can continuously win all the marbles,-- rake in all the chips, ir pile up excessive amounts of gold or ither international assets it does, the the basis for system monetary breaks exchanging goods ana services down 11 Down Again Conversely, no major nation can continuously lose its marbles and try to live on IOUs, as the United Staves has been doing for a year and a halt If it does, again the system breaks down a'ong with the marble-loser- s credit standing Smith, as was brought forth at a symposium m his home town of Kirkcaldy, Scotland, on the 250th anniversary of his birthday on June 5, 1973, reasoned that the object of trade among nations was not treasure but the swapping gold of goods to the mutual advantage of the Nations would populations respective sell the surpluses of goods they produced most efficiently and buy the surpluses other nations produced more efficiently. Not at Another's Expense But, accoiding to Mr. Olsen, since ns founding in Salt Lake City in 1909 United They were a former U.S postal official from Texas, a Forest Service workUtah er and his wife, a policeman and his wife. The fourth franchisee was an Illinois concrete contracI drove a tor It was not pleasure rented recreation vehicle to Mexico last but year and hated every minute of it pure business reasons alone that got him to. consider operating campgrounds larger Liquor Decanter Uncorks Storm A liquor compaHONOLULU (AP) ny, responding to criticism from a Hawaiian organization, has agreed to share the profits of a controversial decanter depicting a revered Hawaiian king The business that all expect, regardless of their motives, is the boom in recreation travel And that boom already is manifest in the shortage of or rationing of campsites in the national and state forests and parks Jim Beam Distilling Co said it would donate $3,000 to a scholarship fund after the Congress of the Hawaiian People objected to the bottle in the form of King Kamehameha I Modest Building Each has purchased a $10 0C0 franchise from United Campgrounds, whose national headquarters are in a modern but modest building at 1420 N West Temple Here they have gathered for instruction in how to opeiate a campground and to consider purchase ot complementary service equipment oftered through a United subsidiary Their instructor is John Olsen, a former Utah State University tootball player and wrestler Mr Olsen, who formerly was vice president of Royal Executives Inns of America, tells the franchisees how to get along with them communities and the public Be involved Join the local service cluos, he urges them barrel-cheste- Secretary of the Treasury George P Shultz put Smith in modern language in a statement to the Organization for Economic , Cooperation and Development. We are not engaged m a zero-su,arae One nations gain need not be at 'he expense of another By working together, we can make available greater benefits than if each were o go his separate way. We should not so concentrate on the division of the pie that we lose sight of the fact that the pie itself can be John Olsen, United Campgrcuxds executive v!ce president, ' Were sorry it offended anyone, said Charles Witlwer, vice president of the But our intent was distilling company the highest Were proud of the bottle "It , is most debasing, said Sidney Leong, public relations chairman of the Congress Warns Businesses d - W ASH1NGTON The Securities ( AP) and Exchange Commission warned businesses that have failed to file required reports with the com minion that it will consider temporarily suspending trading li their securities unless the reports are filed Clean Pool said "a sigA commission spokesman nificant number oi the approximately 10.000 companies which tile reports with the commission are delinquent in submitting their quarterly and annual reports Keep the swimming pool clean the camp store swept and supplied Keep The franchisees are m the process of or have yet to acquire acreage and Colls & Doubles Puts Over the years many systems have been devised to take advantage of the sometimes erratic movements in the commodity futures markets. The only method of knowing your full commitment is by the use of options. The outstanding attraction of commodity options is that the profit potential is unlimited while the possible loss is limited to the initial investment. As any sophisticated investor knows, when the risk is limited and the profit potential is unlimited, his ability to make money is greatly enhanced. MIC trades through the London Commodity Exchanges. Each Commodity and Option Contract is Registered and Guaranteed for Delivery by the London Produce Clearing House for Commodities such as; Cocoa, Sugar, Coffee, Rubber, etc. All metals such as: Copper, Silver, etc. ore backed by the physical commodity. All Options purchased by Marketing Investment Carp, are Registered and backed by the London Exchanges, or backed by the actual physical commodity. Military G.M.C. 6x6 Automatic Allison 302 G.M.C. Engine covered with beds as well as Some transmission. 100x20 900x20 tires tires or uncovered. 1 Wheels Truck Beds Parts For Most Military Vehicles Winches The founder is L J Lambiou, a native of Pocatello, and a former school tacher. Dons M Johnson has been To United Campgrounds appended a new division called United Hostels It too, sells franchises for the use of its services and concept The concept is a union of the American motel and the traditional European youth hostel The program dirtctoi is Fiench businessman Claude Massa, who s has joined the firm as Charge of the hostel division. CUnFOQSOD Suit Lake City, Utah 84110 4 Phone: 801 Serving the Intermouatain West TGCLS IGUIPM2NT TRUCK PARTS I hove I hove no! 485-843- 5 487-647- - !. I H u i msrarm cosrouroon Wi jnstKirw S1 tl m SUe 501 Scih fcty Utah 1 84105 two-mont- h y The second level will consist of 52 double the size of those on bedrooms and will be a mite the third level plusher and more comfortable The mdustnal average, a barometer of stock market activity, lost more than 31 points to approach its low for the year. Other indicators of stock market behavior suffered similarly steep Dow-Jon- Common Bath common bath facilities on the will provide a long established European hygienic convenience the bidet. The room price would be $6 50 for one person, and $1.50 for each additional person up to four per room The womens side teOT) 48S Businessmen fretted over the possibility of pnce recessions, delays in installing intended price increases, the absence of wages and some other costs from the controls structure and a potential profits squeeze Labor officials criticized the omission of agricultural products at the farm level, rents, interest rates and dividends from the freeze list declines Generates Criticisms The Presidents freeze generated more criticism than plaudits, said Robert Stovall of Reynolds Secunti s. Foreign expectations of new measures o bolster the dollar and domestic hopes of he easing credit all were unfulfilled, added The ground level would be more like two douthe typical American motel ble beds with bathroom and television set A typical charge would be $9 50 for the first person and $1 50 for additional persons up to four All hostel guests wouid have the use of tiie swimming pool, putting green, tennis courts, etc Investors and foieign sources weie dubious about the efficacy of the latest coqtrol arrangement m reducing inflationary pressures and were disappointed over the lack of any concrete proposals to help U.S. trade and payments and the international status of the dollar. The most pervasive complaint, however, centered on one subject: the need tor further initiatives in Washington to demapen total demand in the economy for goods, services and credit lrom government, business and the public The Dow fell 14 37 points more to close at 888.55, a net loss of 31.45 points for the week. The steep decline brought the average close to its yearly low of imled has sold tour tranchises to ate at $20,000 each, Mr. Olsen said, and nas started to build its own flagship hostel in Midvale. Mr. Massa, a former hotelier in southern France, will have a 25 percent interest in the Midvale hostel 885,91, reached June 4 Dismal Week It was a dismal w'eek for stocks listed on the New York Stock Exchange. There were 986 declines vs 715 advances among the 1,944 issues exchanged on the Big Board and will be manager. SIZEABLE m DnAZILIATJ ACREAGE it H i , l (Copyright) r ,v ilftl . Farming FG3 CONTRACTS! you've sold your home on estate contract, you can converf that contract equity into cash. For lull details visit or phone any mortgage loan counselor at Prudential Federal Savings, 155 East 33rd South, Salt SWimm DRIVELINES 3 f I It Jin 943 a real Titles will std.id scrutiirzing American citizen ownership Brazilian government guarantees title Will joint venture Mr. Davis 610 Judge Building 328-929- ti Jr-- ; TACAN lake City, Utah, Phone 2 328-466- 1 1-D- 1 AY -- PRICE TRANSMISSION SERVICE IS A PROMISE AT 25350 y transmission service is a sure thing at Rick Warner Ford-- in tact cars in by 10 00 a m will be out by 6 00 p m the sanre day service tor most domestic Ford p'oducts includes all parts and labor except torque One-da- 433-078- Great opporluuilv foi the right man safari open, bonus and stdik options eoininensurate with performance. Me are a ol a subsidiary lop 5tH illi a .50 ."0 split of coiium rciul and oinpany military work. We are a company that offers opportunity and an informal, d working environment. Mid-tc- sl solid-gro- Mi South Freeway Exit West Temple to Mam w Now. dont you owe il to yourself to complete what you just started i ( all collect before 6 (Ml P.M. H)l trom 6:20 to 10 P.M. ED r and ask for Jeiry Leath, or if you prefer, --cud your name, address and telephone niuiihcr (no resume or io: J.L. Lcath, knin Systems, fitment odm ill must have diretl The suet applicant experience in T VCA related products, Ik- superb teiuiiirallv. -- ood organizer, and support marketing and proposal efforts. Call ff WAn TACAN We want a kev eimineer for d velopinent in T V(.' related products. required) 0 3 Project Engineer price sopitcsbte to rebuild cost 521-385- 21st SO. resiills-orientc- against your transmission needs only minor price adjustment you pay only the tune-u- p shown peiow if M XL - RICK WARNER FORD Automatic Transmission Rebuilt TRANSMISSION TUNE-U- P and INSPECTION semet for most domestic $ f C95 8 Ford products V Traded Commodity Options Although the President did little mme than order a tranquilizer for the economy while deciding the proper strategy for the .orthcoming Phase IV of the stabilization ettort, his action should help to restore a largp measure of confidence m the economy, despite the surprising misgivings that arose so widely. Businessmen Fret NEW YORK (AP) The slock market reacted with dismay this past week to President Nixons pnce freeze Wall Street fell the plan did not go far enough toward combatting inflation, analysts said. all defects: in parts or workmansh.p Zip Page One Freeze Leaves Market Cold Though small, the bedrooms would be carpeted and draped and would accommodate two persons. The pnce? Cheap, cheap' Three and a half dollars for the tnst body and $1 for the second AUTOMATIC State 17, 197J Section II Bedrooms The hostel is conceived as a three-leve- l structure with 102 bedrooms on the upper level served by European style common bath and toilet facilities and Additional Information Call or Write City Phone Res. 1563 South 300 West June convene', if needed guaranteed 4 000 miles or Address The reaction of the financial markets was lather sthiopln emc block prices, which had been rising m anticipation of the Presidents control actions, reversed course and the averages dropped dunng the linal two sessions ot the week Bond market interest rates rose instead of declining, while the dollar showed renewed weakness m the foreign exchange markets Initially, al least, all of them apparently took a dim view' of the new standstill on prices ordered by the President Meanwhile, the commodity markets, fearful of the forthcoming limitation on exports, saw some sharp price declines Sunday Morning, dAf-faire- 24 hr. Commodity Slews Semico A Quotes For Brochure Less Enthusiasm Elsewhere There was less enthusiasm over I he latest turn in the controls eftort among business executives, labor leaders, investors and the international community tor various reasons, Phase 3 has raised a considerable amount of new economic and political uncertainty both here and abroad Pocatello Native Name J e 185 Timber COf.lf.ICBITY GPTIOriS Heavy Duty v explains new concept of combin-USed motel and youth hostels plan. franchises over the countiv About 40 campgrounds are now in opera tion Others are being built principally in the Western states has sold lc::3o:j S - j otli-ciall- y Crazing O Mr. Mullanev ing this year The Presidents action was dramatic, decisive and tougher than some cutics of his economic politics had expected, though it did fall somewhat short of some of the haid-hnrecommendations put forth bv the hawks on anti inflation policies So tai so good and now let s get said along with the necessary follow-up,- " one leading banker who ty pitied much of the sentiment in the banking community alter the President hud firmly and scuttled the discredited Phase III of his economic stabilization program. 5- -: j 102 United is neither the first nor largest of the franchise campground chains Postal Otficial Put simply Breaks By Robert H Tribune Business Editor That can be said of Adam Smith's ideas on international trade meetings of 50 like 'Operations in the West, is planunit, type of a concept. ning conversion to motel-hot- The lure of camping is compelling Peace, babbling brooks, the rush of the wind m the trees, the smell of steak over a the woodtire, crisp night air caressing the face of one tucked into the of his warmth sleepi ig bag mgsto" Pulitzer Prize Business Writer PARIS J&iy? Camping Joys Open Firm All the Chips Bv X substantial prog- - jf less against the inflationary treadmill M', Li4irri: : ' 1771 Spriuglkld M. Dayton, Ohio 45 R)3. 4n Equal Opportunity tmplm, lic., uv & . t i |