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Show Utah County Sees mn Increasing Wemand In Mousing STOCK OF THE WEEK r'r' V'x' U.S. Shoe Firm Takes Honors ' I4 Already BYU houses about 6,000 students in its various complexes and dormitories. The students give the valley an economic shot in the arm. It is estimated that they provide about $24 million to the economy each year, or about $1,000 a student since the enrollment at BYU is 23,950. By DOUG CHRISTENSEN Deseret News Business Writer ; The building and realty business booming in Utah County, mainly because of tjie growth of Brigham Young University and tjie development of new and expanded industry. . I During the past year Realtors were busy selling 705 homes, compared with 525 in 3907, besides commercial property, while builders held permits for 182 new houses, 30 duplexes and 16 apartment dwellings in Provo alone. These statistics may seem low in comparison with some larger cities but in a city of 43,800 population it means progress. , PROVO IS long time. The growth of the area is especially obvious in the number of new apartment buildings that have been constructed to house about students attending BYU. 15,500 MORE HOUSING The university continues its building program also in trying to provide more student housing. Two new high rise units are planned for completion by the fall semester. kite-grate- . A report by Provo City Building Inspector Arvil S. Conk shows that since 1962 there have been 2,500 new living units built in the housing units at BYU. This includes 225 apartments and 1,659 units, or living space for 10,000. The biggest year for apartment construction was 1965 when 37 apartment buildings and 259 units were constructed. Lasi year 29 apartments were built having 280 units. TOTAL VALUATION STOCKS FOR POTENTIAL CAPITAL GAINS city-excl- uding BYU LTD. (23) MSE is the leading in Canada and holds a strong of farm equipment producer position in foreign countries. The promising onfiook for the construction field, expanding foreign markets and introduction of new products should benefit revenues and earnings in 1969. Earnings for the 12 months ended October, 1958, were $1.57 per share verses $1.47 per share for the previous 12 months. ESE estimates earnings of $2 per share for the next 12 months. An annual dividend of $1 per share is paid. Chart-A-Mati- and Plastic Fabricating & Engineering Co. Increased market and greater effidemands from the prospects. Earnings for the 12 ciency enhance long-termonths ended November, 1968, were $2.91 per share versus 92 cents per share for the previous 12 months. ESE estimates earnings of $3.25 per share for the next 12 months. An annual dividend of $1.20 per share is paid. c, home-buildin- g Homes Publisher Buys Utah Interest BOISE Perkins, (UPI) former - of open-ende- Mr. Cheney Mr. Cheney is also a graduate of the U. of U. and began work with Zions four years ago. He has been a collector and bookkeeping supervisor in the installment loan department. , Chief Named Bert L. executive Morrison-Knudse- n Co., Inc., was elected president of the construc-tioorganization at a meeting 'of the companys board of n directors Thursday. lt Perkins replaces Chairman I the Board J. B. Bonny, who Withdrew as president. Bonny will continue as chairman and will serve as the companys jchjef executive officer. Bonny said Election of Mr. Perkins as president brings to a full circle a carefully planned p.ogram of advancement of relatively young executives during the last two years. The infusion of younger men into key managerial positions is vital to the longevity of any business organization, and, with Mr. Perkins energy and proven ability as a leader. our continued success is well assured. NEXT SAT. OM.Yi KSOP PRESENTS IN PERSON O HANK THOMPSON MARY TAYLOR CANDY MARTIN TWO BANDS Credir Union League Calls Meet The Utah Credit Union I League has called a meeting of 95 Utah federally chartered v credit unions at 7 p.m., Mon-- ; day at the Ramada Ir.n, Salt .Lake City, to solicit their about recodification of . It DANCE 9 PJM. THE TERRACE $3.00 ADV. $3.50 DOOR SHOW the federal Credit Union Act, according to J. Paul White, League general manager. The Utah discussion is part review of of a nation-wid- e 3634451 Concert 7:20 V AUIY MUSIC MALL TABLE RES. recodification being conducted by Cuna International. Sears, Roebuck Sales Gain ' ' - 'NEW YORK (BW) Sears, Koebuck & Co.'s net sales are expected to approach $8.2 bil-- I lien in the fiscal year ending - Jan.. 31, Arthur M. Wood, president, said recently. Speaking to a group of se-curity analysts, Wood noted that this would represent an more than 11 per Increase cent over net sales of $7.3 bil-- ; lion in the previous year. ' From 1962 through 1967. he added, sales increased from $4.6 billion to $7.3 billion for a compound increase of 9.8 per cent. Illllllll a UNIVERSITY CLUB BUILDING Hift m Yatu house" CONTINENTAL CUISINE NOW OVEN TKURV FRt. fc SAT. NtTE WILL K UY OLD URANIUM STOCK Phong S7H341 or wrifo W.K. 2040 I. Terro Undo Dr. S.L.C., UtcS mmw0fm 44117 HAPPY HOUR. NJTCLY NO CHARGE FOR SETUPS 521-36- 09 nh r iUdji call ro reservation Vi ii i mcw M KttFWt Bridge Is Proposed By Bureau Bureau Reclamation has Tri-Sta- te over-crowde- d pro-tnUe- IN 8U&-I3- 6 E.SQ.TEW1I RYDER SYSTEM (68) RDR is engaged in leasing vehicles. Acquisitions of New Amsterdam Transportation Corp. and M & G Convoy should significantly expand operation. programs should enhance prospects for 1969. Earnings for the 12 months ended September, 1968, were $2.48 per share compared with $1.83 per share for the previous 12 months. EF3 estimates earnings of $3. per share for the next 12 months. An annual dividend of 80 cents per share is paid. Cost-contr- 0 d Jfoall Bennett has been to commercial loan officer and Robert H. Cheney to Morrison-Knudse- n Orem area to meet housing demand. Tri-Sta- te ILoanTrustAides y rising Tom Anderson, publisher of Southern Farm Publications, WASHINGTON (AP) The of recNashville, Tenn., has bought a The DALLAS, TEX. (AP) stock interest in the ommended construction of a bulk air fare, a new concept in $12.2 million publishing Co., publishers of highway bridge commercial flying, may be the The Title of a Utah : over the Colorado River, one Liberty, only significant change the av- weekly. mile downstream from Hoover erage person will find forthcomMr. Anderson met Friday In Dam, the Department of Interiing from the current meeting the office of Elder Ezra Taft or announced. here of the International Air Benson with Myrlan G. Brawn, The bureaus recommendation Association. Transport Hurricane, publisher of the was contained in a report stemThe IATA has brought 95 rep- weekly, formerly known as the ming from an investigation into resentatives from 41 carriers in News Advertiser, alternate traffic crossings of the 33 countries together to estab- and Milt Allen, Hurricane, a Colorado River to relieve what lish North Atlantic fares for file stockholder. The only other it called the increasingly dan1969-7stockholder of the newspaper is period. traffic gerous and Predictions that super airlin- Ben Brown, also of Hurricane. conditions at Hoover Dam. ers soon can fly the Atlantic Presently the weekly serves The report recommended that cheaper than ever before has five counties with a circulation new crossing be undertaken the led to speculation that fares of 10,000 and is mailed throughsoon as funds could be obas the United could be reduced sharply. This out States. tained. For Mr. Anderson, this is his appears unlikely now, IATA ofThe report recommended confirst newspaper venture in the ficials say. struction of a 1,200-folong Tom Anderson What they are talking about is West. He publishes farm magasteel arch bridge across the Colfiie bulk fare, a kind of d zines and a newspaper syndicat. newspaper venutre orado River . , wide with a travel agent operation. ed feature for 11 southern deck to accommodate one lane Under the plan, agents would states. Phoe- of traffic in each direction. He said fiie Utah newspaper The publisher will fly to buy a block of seats on a flight commuand sell them any way he will continue carrying local and nix today to meet with Additionally, the report recwishes. regional news with objective nity leaders and negotiate for ommended providing a viewing It would not be necessary that features and conservative edito- an Arizona weekly publication point on the Nevada side of the the purchasers of the tickets be rial comment. river. there. a group or organization. The bulk air fare would j average air travelers along with the more familiar plans such as family, excursion, tourist and others whid have evolved in recent years. IATA officials said they can make no prediction how much of a fare reduction might be possible under the bulk plan. Zions Promotes X MASONITE CORP. (63) MNC is the foremost producer of hardboard. The company has purchased Chemwood Corp. j assistant trust officer - investments, it was announced recently by Roy Simmons, president of Zions First National Bank. Mr. Bennett, a native of Kaysville, is a graduate of the He of Utah. University worked briefly for Zions in 1960 then resumed his banking career in 1964 following a mission for The Church of Jesus Saints. Christ of Latter-daHe has held positions as after-hou- r teller, note teller, credit analyst and commercial loan interviewer. structure to Deseret Towers. MASSEY-FERGUSO- Through the work of the Utah Valley Industrial Development Association and six city development corporations Utah County has mad a home for such new industries as King Window Co. and Astro Brakes while Signetics has expanded its operations at a new plant in Orem. These industries and the many which preceded them in 1968 have brought into the county a larger work force which found a poor housing market. Builders have taken advantage of the opportunity and are now trying to meet the growing demand. Saturday, January 11, 1969 -- d MADE HOME CORNER ON COMMERCE ; seven-storie- 4 Eye Bulk Fare Plan j; add another COPPER RANGE COMPANY (49) CPX accounts for about 5 per cent of copper output in the United States and most of its output (mainly brass) is sold to U.S. and foreign fabricators. Plans to double mining capacity in the next few years should importantly widen the earnings base. As a result of the strike, earnings for the 12 months ended September, 1968, were $1.75 per share versus $3.05 per share for the previous 12 months. ESE estimates earnings of $4 per share for the next 12 months. An annual dividend of 50 cents per share is paid. 8 Airlines :$OA will Total valuation of building permits in Provo during the 1967-6year reached $9,419,555, the when total valuation was highest since 1963-6$14,820,456. These figures Include the valuation ol all construction. Industry is getting a stronger foothold In the county and the cities a: opening their doors wider with each new business that moves into the area. at several , Orem has showed tremendous growth," said Earl B. Craythom of Kolob Realty in Provo. Throughout the valley its been a big epr in sales . . . the best we have had in a d SHOE CORP. OF AMERICA (46y4) SOA is a leading several and States operates United shoe firm in the chains of department and applicance stores. Increased volume, expanding store chains and expected additions to propotentials. Earnings duction capacity should aid long-terfor the 12 months ended October, 1968, were $2.56 pfr share versus $1.59 per share for the previous 12 months. ESE estimates earnings of $2.60 per share for the next twelve months. An annual dividend of $1 per share is paid. 2,500 UNITS Orem has joined Provo in providing housing for BYU students and is trying to meet housing demands of families who have moved into the area seeking employment new and expanded industries. BIG YEAR of the week Shoe Corp. of America has been named stock Following are five by the Elictroi.ic Stock Evaluator Corp. selected securities and Fridays closing prices: Tht Electronic Stock Evoluotor Corp. (ESE), Rockvill Contor, N.Y., hot e elected Hit five securities ebove for outstanding fundamental value and market interest. ESE uses computers to psrlorm tasks commonly done by Individual research analysts. However, the computer has the advantage of speed, tnablina 2,300 securities each week. ESE to analyze approximately In forecasting the prilct action of a security, ESE obtains estimates of earnings, dividends end sales from several sources, programming a consensus of these estimates into the computer. The computer, in turn, assigns a rating to the security to serve as a guide for ESE recommendations. Since the assigned rating Is largely dependent on estimate obtained, the accuracy of a recommendation is dependent upon the accuracy of the estimates. In this respect, the research analyst end the computer are subject to the same limitation. General economic conditions, national crises, or unpredictable news events ado may have influence an recommended securities. Your broker will be pleased to furnish you with additional information regarding the above securities. C The Electronic block Evaluator Corp. Air West Directors Okay Sale To Hughes Air Wests jCo. after Hughes had put a SEATTLE (AP) deadline on his offer to board of directors has firmed and ratified sale of the pay $22 a share for the lines airline to Las Vegas financier 3,792,988 shares. The directors confirmed FriHoward Hughes at a price estimated at $94 million. day that cash value to stockhold- After a special meeting here ers will be aboout $22 a share. Friday, the directors said the;The companys $94 million esti-sal- e was in the best interests mate includes Hughes assum- of the corporation. The sale is ing about $40 million in the subject to approval by the Civil firms debts. Aeronautics Board. The board originally approved the sale Dec. 31 to Hughes Tool |