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Show Firms Get Business Okay Sales Jump (AP) 11 Percent MANILA The Board of Investments has approved seven of 32 foreign firms and individuals who applied in June to do business in the Philippines, a spokesman announced Bamenca!, the fifth foreign investment house in the country. is capitalized at about $1 5 million. Soc-Cwhich will export woodcraft, sheik raft and fibercraft o the Lmted Canada and other States, countries, has an authorized capital about $150, 000 Philsav-ings- , whnh is finamed by American International Bank and two European banks in London, has authorized capital of about $3 million At Safeway Special to The Tribune OAKLAND, CALIF Safeway Stores Inc. Mnnduv reported sales of $2,988 700 000 for the 24 weeks ended June 16, an increase of 11 percent over the sales of $2,700,430,000 for the same period of 1072 Net income for the first 24 weeks of 1973 was $19.900, 000, 55 per share of common or stock This compares with net income of $38,790,000, or $1 51 per share of common stock, fur the same period of 1972 During the period, Safeway opened 04 new stores and closed 47. As of June 16 the company operated a total of 2,438 stores, compared with 2,3.31 on Dec 30, 1972, and 2,30.3 a vear ago - ELECTRONIC PRINTING CALCULATOR Memory Add Mode Automatic Motor Shut-of- f Percentage Key Automatic Punctuation Buffered Keyboard 626 WHISPERING PINES 3100 ACRES of MOUNTAIN UNO For SALE $300.. $950 fI v f fiiignyy 4 iJh per (Kre - 363-379- 1 J V Ml Boi SIC 157 l fir T"t , fc s' - i ' i If: - h . t T r "4 A 4 ' i 4 A U 1 A V j j . ' , T V IL4fov4v.A j V. p Anaconda Will Dig New Nevada Mine makes processing feasible, he Spcv ml to The Tribune - NEW YORK The Anaconda Co. will excavate a new open pit copper mine and construct concentrator facilities, beginning late this summer, in eastern Nevada. Site of the Victoria Mine is 80 miles northeast of Ely, im the Antelope mountains just west of the Utah border. J FiA-i.- - - .4 t ' ' ' ' 4 - r i 4 .r L,, w; uy;i held Anaconda's dev elop-meof the Arbiter now method mature public relations professional is available to assist companies or government agencies with public re'alions and community relations protects Please address inquiries lo Box oo this newspaper RETORM8 said Concentrates from the Victoria mine will be shipped bv rail and truck to AnaconArbiter da, Mont, where equipment will be added to its Expected to go into production by early 1975, the concentrator will have a daily ore capacity of 1,000 tons, said Robert C. Weed, president of Anaconda's Primary Meta's Di lsiun, Tucson. Anz. The Victoria propertys initial production will be about 9,000 tons of finished copper annually, expeded fo gradually decrease to about 6,000 tons a year by 19s4. Mr. Weed said. Call us for your chemicals Tuesday Morning, July yy ' A-- 'ss er w- - rs "S I, SJ " if! Oilier research reporti, indudirg ' Managd List of Investment Recommendations" and "We't Coa't lmc'iment Rcommuidations,' are ako available for varying investment obj.aives. DeanINCORPORATED Witter r Co. Member New Salt lake City V ork Stovk Exchange, Inc. 15 East First South Calvin P. Gaddis, VP & Manager Page 2 I Soviet Eyes Change In Foreign Trade New York Times Service - INDUSTRIAL AGRICULTURAL laioratorv Soviet a reorganization of its cumbersome foreign trade administration. wuh a view to stimulating exports ami giving industry a more direct voice in foreign economic relations THATCHER CHEMICAL CO. 1300 Fortune toid So )900Wt) Phor 10, 1973 Neconil Section The changes under discussion. which would not alter the basic principle of state monopoly, appear to have given rise to a debate within the government. Foreign trade of- - TRAVEL APAirniEMS A close in, grossing $9,500 o year. Excellent terms. 8 units, 4 years old, 2 bedrooms Prime southeast area I FUTURE INC. I7-22I- 1 $IMM IHq poOV' Wiktviietl WilRtfaH'ml Anyibtl It might surprise vou to know that Ambassador Travel can help tor any purpose you anywhere (U S or abroad), at any time and we won t cost yr via cent more than if you went to all the trouble xp Mr Sirotta based Ins conPower tention on Federal Commission statistics, obtain fiom a nationwide survey of utilities In 41 cases, the average return on rate base was 7 53 percent, he smd. while in 49 cases, the return on com- - alt ak fnbtra? send s' Not Justified' Aug $riei! to arrange the trip yoursuf W! ats more, v.e help you get back, too Oder still holds Wnetheryou re traveling for Lusines; or pleasure, what we seek is the chance to prove tbeie really is a anterence in travel services. Ca9 us and test us , frie Estimates! fu ials. jealous of their traditional centraized control, are in contention with innovative planners who are eager to introduce greater efficiency and flexibility into the foreign trade system Mill Unclear The final outcome of the instill is discussion unclear. But the question of ternal assumes reform particular significance at a time when both the Soviet Union and the United States aie seeking to bnng about a major expansion in trade after decades of insignificant exchanges Sov One problem in trade has been Moscow's seeming inability to generate exports high-quaht- v to balance the growing volume of imports from the United States. Easier Access Another has been Soviet reluctance to let foreign companies deal more directly with industry. businessSome American men have already noted easier access to the users of advanced technology being acquired by Soviet industry. (Copyright) SPEED QUEEN COIN OPERATIO WASHERS & DRYERS FURNISHED Suite 970 O Kennecott Bldg. O Salt Lake Phone 532-- 1 F The rates of return sought bv Mountain Fuel nine percent on its rate base and 12 5 pci cent on its common-stocare exlraoidmanh equilv huh ' and not lusltfied. the engineer declared lie! Mountain Fuel, he said, ts in as a unique portion result of its potential oil and and the gas . discoveries resulting effect upon MVS s stock common puces price has spiraled from $31 25 per share lo a high of $104 7 or percent of the vield" the stock price paid as divihas been as low as dends ... a 7 1 percent. Only 3.4 Percent Thus, even if the percentage of 7 is doubled to compensate for taxes the cost for capital . . . would only have 3 4 he been percent." explained While not recommending the company sell stock, rather than bunds, to raise future capital, lie said Mountain Fuel's request to raise its which it rates of return claims is vital in selling longterm debt bonds may be " premature and unnecessary 1 MOSCOW The Union is considering you dont pay extra for! send me, w itliout obligation, a cui rent copy of your Yield Plus." pk-.i'- Milton Sirotta consultant in gas utility contracts for the U S. Air Force, testified that government intervention was essential in the case Air explained ating some five million tuns of ore and waste. travel service pxibcscsss zzjzzszzzszzzzttsxi&ixiu pio-pos- v Anaconda is reviewing sep- Extra Now's the lime to set jour sights on more income. e Air Force arate bids for construction of the concentrator, plus excav- J coupon below. Critics of the rale-hikput their last witness m the chair Monday ntotnmg Remainder of the cUy was their spent earlier witnesses hydrometallur gical plant e I But wrapup of the session or at least its first phase appeared in sight with only two more das of remaining on the Utah Public Seivue Commission's calendar there. IHS0 Yield Plus is published by our National Research Department for investors seeking primarily high current income with capital gains as a secondary objective. Common stocks and convertible securities are selected which we believe are capable of generating a I0fc total return or more ( 'current yield plus expected price appreciation over the next 12 months). Current information including value targets, estimated earnings, dividends and yields are listed for recommended issues alone" with comments about individual common stocks and convertible secuiities. Yield Plus", fill in and mail For a current copy of our four-pag- mizui d men equitv was 1151 percent He al'O cited figures from Fubhc Ltihtic's Fortmghtlv a lournal of regulatory comactions, mission indicating that authorized rates of return are substantially lower than those sought by Mountain at both Hill Base and Defense Depot Ogden pimhase substantial amounts of gas. most-lon interruptible schedules" he ftmn Mountain Fuel, Forte activities nnd-1940- Experienced, V : "I didnt have the luck tinkering with the computer that I have tinkering with my beat-u1937 car. PUBLIC AHMKb, COMMUMIY RLL riONS EXPERT j ' I eld I: ;-'- a f f? 4', ; i f Supplv on MounCo 's n But V Fuel v rate increase and refineries, said John B M Place, president and chief executive oificer. ys- , teti-mon- protracted heating tain h its ore could not be acceptably treated m conventional smelters WJ S'' two-wee- While Anaconda has the property since the mRSEirs ' After a lull, resumed Monday in the - Cheik These Exclusive Features Model MFS Rate Hearing Resumes ration. He said that the corporations whose applications have been approved included the Bamerieal Investment Financial C'orp of The Bank of Plastic CoalAmerica, Snc-Cing Co of Calilomia, and the Philsaungs invest mem corpo n RateIIike Opponent Heard OFRCEWOURS FBEG 722 FOR V aquatech 3 SWIMMING Phone Firm Names New Aide Louis C. Golm has been appointed district manager of Amencan Telephone and Telegraph Companys long lines department in Salt Lake City. s The Bell sys-tem- long lines unit is refor sponsible interstate and international communica-1 1 o n s Mr. Golm Golm will be responsible for maintenance and operation of long distance facilities in the largest long lines district in the United States. Territory of the district extends throughout LtMi, Wyoming, Idaho and Montana Mr. Golm was formerly a personnel department supervisor m western area lung lines headquarters in San Francisco APARTMENTS, TRAILER Livestock Loans tor ttigpt r 48q-2fla- i 4 Main St.f Salt Lake City, Utah 8411S M50 South W$t Tmple yoi prooucticn needs oner vgJF-,'- , COIN METER MASHER SERVICE S. ! Mr. . INSTITUTIONS POOLS 3C75 Cross examination resumes Tuesday morning at the P.xC hearing room. 330 E. 4th South. PARKS, MOTELS, 2 1 If the company's recent oil materialiand gas discoveries Mr. Sirotta continued, ze, expenses will deuease. gas from the wells should result m a much lower gas cost than that procured from pipeline suppliers Mountain Fuel, he concluded. should be allowed a rule of return on rate base m the vicinity of 7 5 to 8 percent and on common equity "m the area of 11 5 percent." X' fr ed, stock equ Let s ta k Stanley Pers, Mgr Ci.pstork PC4 SIC v801)jx2 5b03 CVI Utah 5SSS Classified Ads Get the Point Across for You Classified ads really are the peoples own market place. Every day persons just like yourself sell scores of items with a simple, classified ad. Look ads yourself. Almost the through everything you can think of is for sale. If they get results, why not you? You can . . . and will. low-co- Leas a Compact Car and $ave. st iPxr w $ MONEY $ GASOLINE $ TIME $ OPERATING COSTS Takes no time at all to put in an ad. Tell the girl who Just dial to sell. Shell want answers what you word it for you. Say, "Charge it." That is all. Call any time between 8 a.m. and 5 p.m, 521-333- Vega Pinto Valiant Nova Maverick Duster VW Datsun Toyota Mazda Malibu Grand Torino Phone 1 3. 328-038- O N t t i r f o N y T H M r, A n y w m f o r BEiXHMETT LEASING . 468 South Main Street, next to the Terrace Ballroom I |