OCR Text |
Show Chicago Bank Hikes Rate - NEW YORK (AP) Leading bankers say the seu'nth general rise this year tn the prune lending rate appears imminent following a Chicago banks decision to increase its prime from 7 to 7 per cent effective Tuesday. No other banks followed suit immediately after First National Bank of Chicago, among the nation's largest, anounced its intentions Monday. But several others said they were the move. studying Money market observers said fmlf nht Efibmu Others to Follow? Bank L Trust Co, Philadelphia, the response of several when he said he bankers expected the increase to 7 percent to be fairly general before the week is out. of First it appeared likely the boost would spread throughout the industry within the next few intervention days, barring from Washington. 2 reasons why the price of SILVER a The prime rate Is the minimum lending fee charged by banks to their most creditworthy corporate customers. F. Bodine, president OTSfMSS may rise steeply 1 wo powerful fortes are at work today which make a steep rite in the price of Mlver seem inevitable. F ust, the demand for silver surpassed new production for each of the last 20 years. And for each of the last 1 years the demand for silver surpassed new production by more than 100 million ounces. This excess of demand over supply is exerting a strong, steady upward pressure on the price of silver. During the 19h(ls the price of silver rose VS'c. beauty. Sunday Brunch: 9.30 a m. to 2:30 p.m. Only 40 minutes from downtown Salt Lake City, RUSTLER LODGE offers gourmpt dining and is ideal for bridal breakfasts, sales meetings and civic group luncheons. RUSTLER LODGE looks forward to seeing you... again. RUSTLER LODGE Telephone Alta Rebervatiors, please Closed Mondays silver more than tripled. Our new booklet. The Case for Silver - How to Protect A our Assets Against Inflation, by Louis E. Cnrubini, President of the Pacific Coast Coin Exchange, shows you: reasons why the dollar must be devalued ag un Account May we send you a FREE copy of The Case for Silver? Simply rush the coupon below to the Pacific Coast Coin Fxchangc, University Club Building, Suite 2210, 136 East South Temple, Salt Lake City, Utah 84111, or call (801) 363-271Please do not delay the price of silver coins is now in an uptrend. Your opportunity to invest in them so cheaply may not last LEASING long. i I Member of the New York Mercantile henge Depositories In California, Florida. New York. Texas, Viah and Canada. individual business i i i It's potilbla ter yon ta ba confident that vtrtn- m natter what tiaa- Iaily you and your family will not only weather a the coming storms, but even prosper." loule t. Ceteblnl The Case ter Stiver I I Lo....... & fleet i industrial equipment SALT LAKE CITY University Club Cuilding, Suite 2210 136 East South Temple SLC-2Sill Lake City, Utah 84111 Gentlemen: Please rush me a FREE copy of your new silver booklet. The Case for Silver. 1 understand there a no cost and no obligations i I local - regional - national cars trucks Pacific Coasl Coin Exchange rr is one of 7 regional offices assuring you the lull benefits of an All Car Lease . . . structured on the professional application of 14 years leas- ing experience. Wherever. . .whatever your vehicle orequipmeqt requirements, call: Name AUdretkh 322-58- 51 t tty State O ALL CAR LEASING SERVICE CO. home Phone business Phone l7l Pullr Cm t New York fiscal consultant and the controller of Mountain Fuel Supply Co. Both testified seekon behalf of the utility across-the-boar- 424 SOUTH MAIN Mi Bidtwit, Ik. Gains x Another aspect of Mr Merwas that after-taMountain Fuel's should be at least earnings three times the interest it pays on borrowed capital. And he conceded that most x vice in Utah hearing began last March. Eugene S. Merrill, senior vice president of Stone & Webster Management Consultants, reiterated his earlier opinion Mountain that Fuel now 9 percent at least a requires overall minimum rate. Iagc 2 1973 are currently companies below the three times interest coverage" figure and Prudential Names , Manager James R. Heitz has been named market research and business promotions manager of Prudential fw Second Witness Federal Mountain E. J. Johnson. Fuel controller, was the day's second witness. He was questioned at length on the makeup of its several accounts including its utility and ledgers, and transfers between the two. ' y Responds to Question In response to questioning, Mr. Meirill said he included both Mountain Fuels nonutility and subsidiary earnings in computing the indicated rate of return. G. Blaine Davis, assistant Utah attorney general and PSC counsel, noted that a majority of U.S. companies including many in the Blue Chip category show lower rates of return than that recommended by Mr. Merrill. Utilities like MFS, the witness responded, arent comparable. Common stock of most SALT LAKE CITY FLTIRFS FEATURE PROPERTY Almost one acre C2 Own FUTURE INC. Now it can be told: Realtors 1X7-23- n an- - Mr. Heitz, a' native of a of Mr. Heitz the University of Utah with a master's degree in business administration. is Adds Flight Frontier Airlines will add a fifth daily nonslop jet flight between Salt Lake City and Denver beginning July J,. Ka Burgon, regional sales manager, announced. Would you believe that up until an hour ago that office a neatly was dressed, v manager d Natural Gas Galore , Special Study Says Special to The Tribune AlGOLDEN" COLO. though there is a shortage of natural gas for some customers, an industry study shows there is still plenty in the ground waiting for the wild- - catter's dnil. Basically, that is the contention of a study released by the Colorado School of Mmes, based upon research of the Potential Gas Committee. The committee is comprised of 150 natural gas experts from industry, universities and government. Chairman is Edgar Rassinier, director of resource planning for Trunkline Gas Co., Houston. 487-582-8 (TTY-ASCI- I) 7LOGIN; AMS,SURVEY: (Ret.) 3UCC : and He will assist Gordon J.f Bluth, senior vice president m charge of customer service and accounting division. TIME SHARING USER Dial Donovan, chairman president, nounced. graduate Lists Potential The study indicated an undiscovered natural gas resource in the United States equal to more than 0 times current annual marketed production. In spite of spot shortages and s Sav-j- f' Loan $ Gene f mgs & Assn., Ogden, Risks Increase HoUaday americm Utah computer center caused by current supply-deman- d future imbalances, discoveries of this gas, coupled with proven reserves, could meet the nation's present level of consumption for more than 60 years, it said. It estimates the future potential supply of natural gas in the United States at 1,146 trillion cubic feet. Costly to Find It says, however, that this undiscovered gas will be costly to find. Sixty percent is offshore under the ocean, deeper than 15,000 feet, or in Alaska. The PG(J publishes its estimates every two years. The 1973 report shows that the or undiscovered, potential, supply of natural gas is down 32 trillion cubic feet from the last report. There are two factors in the difference. Some 19 million cubic feet of gas has been disto hence covered. added, proven reserves. And changes in the committees total estimate account for the remaining 13 billion. Mr. Rassinier said the exand ploration production efforts for potential discovery will be a product of adequate but reasonable prices and normal developments in technology. COIN OPERATED Uowers Q'jsJfty at a Fcir Price The new flight will leae Salt Lake City International Airport at 7:20 p.m. and arrive in Denver at 8:24 p m. The new Denver-to-Sal- t Lake City flight leaves at 5:40 p.m. and arrives at 6:49 p.m. Agency Chief SPEED QUEEN Clair E. Larson has been named agency manager in Salt Lake City for the Equitable Life Assur- . ance Society of the U.s, the firm announced. - Mr. FURNISHED bLlbb FOR APARTMENTS. TRAILER PARKS. MOTELS, joined the firm in 1960 as an agent. He was promoted - to district CowniMioM COIN METER 1450 South West Tampie TRADEWINDS Don Busath, formerly account relates his personal experiences as he tells of conditions in the prison camps, the treatment the POWs received, including the tortures: the means by which they frustrated their captcrs design of breaking their spirit, and the educational, patriotic and religious activities by which they helped to sustain faitn and courage and keep morate high. Fma'y he describes the moving experience of the POWs' release from captivty and their warm and Capt. Larry Chesley at 22 North Photography State. . .Eldon D. Sloan, product assurance supplier representative for Lockheed Missile & Space Co., has been named chairman of the Salt Lake Section of the American Society for Quality Control. . . Gordon H. Madsen, administrative assistant in the division of engineering at the Ogden regional office, U.S. Forest Service, is retiring following more than 31 years of service. . .Dean assistant station Lindsay, manager for KSL Radio, has been installed as president of the Salt Lake Advertising Club. 1 Coll us for your chemicals industrial CO. Fortune food (1450 So. 1900 1900 tone W0 e, S d wonderful welcome Available at: HIGH-BACK- It will America felt America. do more than interest and inform the measurably recapture the surae of emotion at the POWs homecoming. Re3dmcpthis book reader. in L' X z w 4 will x r. K HOURS. D00KCRAFT, INC. Sait Lake City, Utah 84119 or Your local Bookcraft dealer 1843 West 2300 South Economical Grape Stake Fencing beauty and economy combined with versatility. Can be stained, painted or left raw! Utility, Sturdy, Rustic Split Rail Fence $3.95 w II 9 to 6 Daily 633 Open After S. STATE Noun by 355-533- Ap s poir.fment 6 Rustic charm that provides protection for your yaq as well as that expensive touch. ranch hGme" Sears-Sal- Office Furniture t take Sears-Ptov- FREE PARKING SOUTH Sears-Osde- OF STORE KowerSRo SEARS, ROEBUCK AND CO with another photographic firm for 20 years, has opened Busath ONE OF OUR FINEST Seven Years in Hanoi, Larry Cheslpv unveils the story of day to day POW life in North Vietnam. His absorbing fi r..c The epic account of Larry Chesleys seven years of captivity. In n Before his present appoint-- n ment, Mr. Larson was an agency manager in Sioux City, Iowa. CHEMICAL WASHER SERVICE t Mr. Larson 1963. THATCHER DIM 484-24- 44 SWIVEL CHAIR i 4 in manager 4 rj AGRICULTURAL LABORATORY INSTITUTIONS O rit Larson WASHERS & DRYERS r first-han- 1 Ba iness Todav When capital is exposed to more risk, a higher rate of return is required, he said, referring to earlier testimony that utility business risks have increased significantly in recent years. COMMERCIAL ms June 19, still hold top ratings in the securities market. But if coverage doe-n- t improve as a result of s;m.:.ir rate hearings, I think thei e u :11 eventuMr. ally be lower ratings, Merrill said. rill's computations rate d 2orin4. H.gh Traffic Intersection. needs fast sale. THE After-Ta- a Of Mountain Fuels total capitalization at year end, 47.3 percent was equity, capital. And if the figure were to drop to 35 percent, he testified, a 15 percent rate of return would not be unreasonable. common mistakes in silver investing -- and how to avoid (hem. Pacific Coast Coin ExWhy we believe a new silver invesiment-l- he change Protected Margin Account in silver coms-- is your best, most reliable hedge against inflation in existence. How to open your Pacific Coast Coin Exchange Protected Margin 2 r the witness stand were On percent." of the As a component overall figure, he explained, a 12.5 percent minimum rate of return on common equity now is indicated. How silver projects your assets against inflation and monetary crises. Why the peculiar nature of the supply and demand for silver makes of monetary crises. sharp gains for silver seem inevitablc-ieg.odl- ess i were in the foreground Monof day as witnesses entered its second week in a protracted rate hearing before the Utah Public Service Cornmissicn. of serwhen the PSC Enjoy dinner tonight in a setting of unequaled 2,600 years, since the first silver coinage, knowledgeable investors have turned to silver for financial proiection-hecuu- se silver generally performs well in bad times. F or instance, between 1912 and 1915-l- he depths of the Great Depression-ri- e price oj utilities gas and electric 40 percent or amounts to of total less capital, he explained, while the figure for 80 to 00 Blue Chips is Figures and fiscal formulas an increase for all classes Alta, Utah l or nearly Salt Lake City. Utah Tuesday Morning MFS Rate Hearing Continues In Second Week Before PSC ing Second, soaring federal budget deficits, record balance of payments deficits, and .7 years of inflation have brought the dollar to the brink of collapse. Harry Browne, whose book now you can profit from the coming mvaiuation accurately predicted the first dollar devaluation in 37 years, and tlie record gold prices, warns: "The alternatives are narrowed to either runaway inflation or a full-scal- e depression." 3 Second Section Tvp-efie- d It would be the prune rates fourth genera! 4 percent nse in less than seven weeks. The last one took place some two weeks ago. James lYnn-obam- Iteisiss Sears fashion Piece : |