OCR Text |
Show I Ift Wf ipacarsr iji onsumer Has Chin Up' - if you NEW YORK (AP) are a typical consumer you are fairly confident about the - present state of the economy, i perhaps a bit less so about the next few months, and strongly feel President Nixon will improve economic matters. ;, r j ' Y'ou are worried about infla-- ; lion but apparently not so concerned about taxes. You are not about to go un a spending spree in the next few months, which is just as well since you have lots of installment bills to pay. You neednt ask yourself whether ou agree with this. The surveys say this is the composite you, and the surveyors say they should know. They have, theyll remind you, recently finished thou sands of interviews with consumers. be felt strongly. Only 61 per cent of those who reported making more money than a year ago said that they are financially better off. Some of the findings are Survey The perplexing. Center Research at Ann Arbor, Mich., found that increasingly aware that inflation is a strength-sappinmalady. It reported : are Prict increases continue THU aanvuneetmot if wet a oftr The to tel! nnr tjtriry if to 'A e ttauf This is a revelation. Sometimes, the psychologists tell us, people have a tendency to kid themselves about inflation. But todays consumer apparently does not suffer this illusion. However, the same survey, which pioneered many of the consumer testing methods during the past three decades, shows a curious attitude toward the If) per cent surcharge on income taxes. tn'intahon only by the of on offer In b f of all than heads to . . . continue family that the surcharge report makes practically no difference to either the amounts they spend or the amounts they save. Few respondents scy the surcharge matters greatly. One explanation for the attitude: The survey was conducted from January 15 to March 10 when, presumably, a good many people still had not made out their 1938 taxes which generally were higher because of the surtax. ly an y uj Into . More one-hal- tuia'Uua. Prvtpecta. NEWTSSfR April 11,1969 3,3(W,ooo Shares Competitive Associates Inc. Common Stock t Investment Company with Lndepenuem Competitive Multiple Management An Competitive Associates Inc. combines two relatively new concepts in the management and operation of an investment company: independent competitive multiple management and the use of investment techniques involving greater than ordinary risk in an attempt to achieve high reward. This Fund is not intended as a complete investment program nor is it designed for investors seeking dividend income. It is designed primarily for investors who desire to participate in a supervised program of possible capital appreciation through leveraging, short selling, buying ami selling put and cal! options, hedging and investing in special situations. An investment in the Fund would not he suitable for investors unable or unwilling to undertake ths risks inherent in such transactions. Offering Price $20 Per Shrs (The minimum number of hare wayirtHrr fYTfcW aawMMiyaewyitfttiwahi iriyin y imb ai(wJl Profiteers Theft Soars Credit Card Field Copley News Service Growth of the cashless sois costing American ciety firms at least $30 million a and the slakes are year rising. Fraudulent use of credit more than 16,000 cards cases per year reported by major oil companies alone is becoming a major problem in the United States. Banks and other issuing agencies rean ported equal nearly amount, according lo Coleman J. Graham, exceoutivp vice president of Pinkertons Inc. Oigani.ed theft rings have entered the business, Graham said in an interview, forcing issuing companies to take fast action to notify outlets and investigate fraudulent use. One major oil company reported an 80 per cent increase in credit card frauds last year. The stakes are too high to let problems lingpr," Graham said. "Some $3 billion in credit card purchases are recorded each year and there are 400 million credit cards in in the circulation. Cards wrong bands represent devastating losses to firms issuing them as a customer convenience. Credit card holders are liable for any purchases on the cards until written notice of theft or loss is received by the issuing company. 'Defying' Slowdown n Adrian DeBruin, left, and Lloyd Gardner inspect a core sample of Hi - land's new cheese. Cache Dairy Begins Market Expansion Cheddar from cheese Richmond plant in Cache County began to move to western markets recently, it was announced by Ixtuis R. Curtis, general manager. acquired the Richmond plant from Pet. Inc. In May 1968, which was then processing evaporated milk. Curtis said, "With our Richmond plant now in full operation. we expect to expand our cheese markets in the months, and years ahead. We plan to tight-mone- y begin processing Swiss cheese in Richmond in the near Dairys future." has been process- d ing cheese since 1952. d at its Beaver plant Lloyd Gardner, plant manager at Richmond, said the cheese is being processed in blocks, and Lsj being shipped generally in loads. The cheese will be available in Utah, Idaho, Wyoming. Colorado, Nevada and Arizona as well as West Coast markets. n semi-trail- U.S. Is Big Customer, Utahns Told American Insurance - BilNEW YORK (NANA) in hard cash are being used for stock market and plant equipment purchases that say President Richard M. Nixon's program will fail. This buying by mutual fund investment managers and managements of the nation's corporations smacks of direct defiance of the government's program, says the giant First National City Bank of New Y'ork in its economic letter for April. Many mutual fund speculative-minded managers say ilte Federal Reserve Board's tight money policy to curb corporate plans for expansion has already gone too far, and that stock market prices have all discounted moves. decision-maker- s And business doubt whether Washington will risk a recession to slow the inflation. For that reason they continue their plant and equipment exoan-sioestimated for 1969 to show a rise of close to 14 per cent ahead of last year. of the nations A survey purchasing agents shows two out of three optimistic about the course of the economy over the next 12 months and making purchase commitments for more than six months ahead for. building plant and inventories before prices shoot x up a lot more. lions of dollars '68 Profit Is $37,455 Western Life Insurance Co. headquartered in Salt Lake City, reported a $.17,455 1968, profit during stockholders were told today. Willis Wright, chairman of the board, said the company passed major milestones in 1938: reached o'er SlOu million insurance in force and over S3 million premium income. As of Dec. .11. 1968. the firm showed $111,060,820 insurance in force and $2,159,271 premium income. lie added that of the 13 Utah insurance companies, American Western is doing tlie states largest volume of business within the state. He reported a net increase of $24,451,233 insurance in force in Utah while the firm neaiest to Western had $8,235,115. 1 6B Monday, 1969 April '14, The federal government is a big customer for aU types of and Utah businessservices men will be told individually Wednesday how they can get their share. In a series of interviews with businessmen, representatives of the General Services Administrationn will explain the variety of needs fills which their agency through purchases from the private sector. The meetings will be held in the Fedpral Building. 125 S. State St., Perishable Foods Moving By Air Deseret News Special , New exciting challenges lie ahead for those engaged in t h e pioduction, handling, transporting, processing and marketing of perishable agricultural products, stated Joseph H. Francis. Utah agricultural commissioner, upon his return from the "Food by Air convention in San Francisco last week. He said while the public is generally aware of the tremendous strides that have taken place in air passpnger service, little is known of the for experienced Trader and Cashier capable of organizing .and heading Cashiering and Trading of local securities . firm. All responses treated as confidential. Write BOX E-- advancement in cargo transportation. Francis said carrier representatives at the convention said air cargo has more than doubled in volume since 1960 and by 1970 should reach four times its 1960 level. By 1980. air cargo ton miles should exceed passenger ton miles. "There can be no question as to the reality that we are entering into a new area of transportation of a large volume of food by air, he said. "Fresh perishables fruits and vegetable products are pio-- , the incentive and viding needed. Meat, pioneering poultry and dairy products will follow. added, "What potential this new era of air transportation holds in store for the agriculture industry and related businesses of our state cannot be evaluated at this time, but certainly some advantages will be made available to us for the future development of the economy of Utah. It Is up to us to find out what they are and do something about It," 45 g ' Room ' Francis OPPORTUNITY Depts. . great day-lon- 3423. Carl T. I.loyd, regional director of business affairs for the GSA said, through these we individual appointments can he more specific with a person about his potentials for He business. government said interviews can be scheduled with the Utah Manufacturers Association, which is cooperating in the activity. Utah Manufacturers officials pointed out that a huge amount of services are now required by the government in the Rocky Mountain area. Bids On Tank Moines Steel $73,570, was apparent low bidder of four firms on a gallon steel water reservoir for the Mt. Olympus area at 3680 E. 45th South. Bids ranged up to $85,974 on a job estimated to Pittsburgh-De- s Co., with a bid of one-milli- cost $64,500. I Thu tutiMrflwiI u iwither m for to led me 0 ml viMm of m ofee them tkaroo. Thi ( i made ta if by Aa Proof cim, m boy mm of April U.IM 400,000 Shares Beverly Enterprises Common Stock (Pmrolmt.lt MCE For Shan) $ 36.50 PER SHARE pnplrt Il the Protptrhit mm be obtained in any Slot only from tin-- ol the ondermritert Protpertut and other t ao may lauully ofer that tecuritiet in tueh Slot. Onmed in tbe BLALACKV ELLS IASSOCIA TES JT F. HLTTON St CO. loeorpoeoioi B ACHE & CO. BACON, WHIPPLE & CO. I ium ponied CLARK, DODGE & CO. BEAR, STEARNS St CO. DOMINICK St DOMINICK, lurorpaealod FAULKNER . DA WKHSS St SULLIVAN GOODBODT & CO, $rmritie$ Into G.H. SHIELDS & COMPANY J. BARTH BATEMAN EICHLER, IIILL RICHARDS &U). CROW ELL. V EEDON & CO. IRVING LINDBORG WALKER St CO. St CO. LESTER. RYONS St CO. HERRON NORTHWEST fewpemwl ROBERTS, SCOTT CO., INC. 4 |