OCR Text |
Show r IMUUlfPfMJ , v v $ 'a , t yt'i ('rt''f1'' ,.' BERGSTROM FURNITURE - 4't - ,, - z ' z K ' .1 V-- ' , 'V 6-P- BEDROOM GROUP c. . i SPOKANE. WASH. (UPD-Golc- onda Mining Carp, has asked superior court to permanently restrain Hecla Mining Co. from proceeding with n development of a dollar Arizona copper discovery. Golconda asked the court to prevent Hecla from issuing one million shares of common stock to El Paso Natural Gas Co. for a half interest in the proposed $100 million copper project. The suit was filed Tuesday. Under Heclas articles of incorporation, Golconda contended, any director could block issuances of new shares. H. F. Magnuson, Golconda vice president and out multi-millio- IK BEAUTIFUL going Hecla director, opposed development of the copper find. Magnuson said in the com- plaint that because of die dissenting vote the shares could not be issued without amending Heclas articles of incorporation. Such action would require approval of of all outstanding stockholders. The suit also asked that actions taken at Heclas last board meeting in Phoenix be two-thir- aside. Magnuson was dropped at that time from a slate of directors offered for election at the annual meeting scheduled in Spokane May 29. The suit alleged Hecla was attempting to deprive Gol- - set conda and other shareholders opposed to the copper project from representation on the Heda board by straight line voting and denying shareholders the right to cumulate their votes for election of directors. It asked lor a declaratory judgment that Hecla shareholders Mve the righ t to vote cumulatively for a di- - MEDITERRANEAN Mirror FSvkoc IwIUIWkI Qkinnorc Dcjble Dresser Full Size Bed Chest Utahs small shippers are happy over the suspension of the rate increases posted last year by the Rocky Mountain Box Springs & Mattress j fctniL .cO CM Famous Jcn:o WASHINGTON - The mission announced this week that on April 29 it would lift its ban on the trading of the common stock of Mountain States Development Company of El Paso, Texas and Salt Many od4 sizes to choose from PRICES START AT.. mRMmmmmwm SAMPLE DINETTES FLOOR - 26 FIOOH SAMPLES D - ALL REDUCED HIGH STYLE YOUR TRADE WORTH Se- Com- Lake Gty. The Salt Lake Gty Stock Exchange, however, will not permit trading in the stock until the company files required financial statements, SEC says. In announcing that over- - duction during was fore- trading may be resumed in MS DC stock on April 29, the commission cautioned that present stockholders, prospective purchasers should be and broker-dealer- s mindful of the fact that no current financial information is available concerning the company. The commission on April 1 filed an action in the federal court in Salt Lake Gty, charging that MSDC, two other and 14 indicorporations, vidual defendants had offered Mr. Elliott was in Salt Lake City Wednesday to conduct sales meetings with Utah dealers. His visit here was part of a nationwide series of dealer conferences. K , f' A ''.w 1 y 131,000,000 this year in the U.S., be estimated. Emphasis will be on attractive appearance and stronger d tires for freeway high-spee- driving. He noted that Seiberling soon will introduce a d tire with the tread design carrying around the side-wa- ll for a more luxurious apDyna-Guar- pearance. Wide tires, give a better, firmer grip for steering and are gaining in popularity, particularly among the younger crowd, he said S.L Building Upswing Salt Lake area building construction this year is topping 1968, according to George A. chief economist, Christie, F.W. Dodge Division, McGraw-Hil- l Information Sys- tem Named Director Cb. Total contracts in February of this year were $6,387,000 which is more than a 100 per cent improvement over the total of Feb. 1968. Jal contracts in February cf this year came to $4,602,000, also 100 per cent greater than in 1968. Residential contracts gained only 2 $1,785,000 comper cent pared with $1,749,000 last year. $2,913,000 Non-resid- er The election of Don W. Willey, Bountiful Ford Representative Named dealer, as a director of the Davis County Bank, The Alan F. Wells Co., 160 tana for Blazon, Inc., its Shep-cS. 4th West, has been named division and Rempel subFarmington, has been announced by Ezra T. sales representative in Utah, sidiary. Wells maintains a Clark, bank president. Colorado, Wyoming and Mon branch office in Denver. Wiley is past president Predicts Copper Gains of the Bountiful Chamber of Commerce. A continued growth rate in Safety Tucson, Congress, . o and told MSDC stock in violation of the registration and provision of the federal securities laws. MSDC and certain of its officers have consented to a court order of permanent injunction (but without admitting or denying the allegations of the commissions complaint). copper consumption of about four per cent per year was predicted by Herman H. Kremer, president of Kenne-co- tt Sales Corp. He was a Speaker at the Southwest of Robert The appointment E. Morris as exclusive fran- chised dealer for Dahlbert Miracle Ear Hearing Aids in On Jan. 2. 1968, the market price of the stock was 11 cents bid, 1214 cents asked, and by Aug. 20 it had risen to $2H . $2 I ' Tourists from abroad are sold too, on the To Know SUPPORTED America, See America theme developed by Continental Trailways Bus System for promotion of domestic tours. VINYL large Table One Leaf 4 Chairs Demand for copper in the United States, in Europe, in Aisa and in South America is strong, he said the Mountain West area has been announced by Dahlberg Electronics, Inc. Mr. Morris will be operating from 1769 , Bryan Ave. 'See America Tours Popular asked. COMFORT Ariz. Gains Exclusive Franchise anti-frau- d HIGH BACK 30 $40 $50 1969 cast by Warren IX Elliott, vice president in charge of tires will be produced Stock Trade Ban To Be Lifted curities and Exchange An eight to nine per cent increase in American tire pro- Approximat ager of Sweet Candy Co. Mr. Lund is chairman of a com- mittee which was formed by small shippers In Utah to Motor Bureau. fight the proposed rate Increase. The bureau has announced' In supporting a suspension that It will suspend the tariff the rate, the Industrial of 28. businessmen Utah April raised a strong protest and Promotion Board took the gained support from the Utah position that the problem Industrial Promotion Board should be studied further before the rate was Increased and the states congressional in order to avoid doing sedelegation. rious harm tc the small shipWe feel that the rates as per. proposed would have worked The Utah congressional dela hardship on manufacturers. If the carriers can show a egation worked hard on this in seeing that the shippers definite need for additional revenue, they can work out had an opportunity to be a rate that will be more equitheard by the Interstate Comable, said Wilbur P. Lund, merce Commission, Mr. Lund secretary and traffic man said. ONLY 2 Vanity Lamps Increase Seen In Tire Field . sales for Seiberling Tire Co., Akron, Ohio. Tariff Suspension STYLING April 24, 1969 CORNER ON COMMERCE rector, Golconda has been fighting to stop the copper venture since it was proposed last February. Golconda claims the heavy financing costs of the project, and the expansion of Heclas capitalization from 4.9 million to 5.9 million shares would dilute earnings for many years. Thursday, 12B The idea caught on over- seas. Escorted by multilingual guides, visitors travel via air, then motorcoach to world-famoYellowstone Park, San Franksco, Utah Canyonlands, and other spots from Trail-waOverseas offices in Paris, Frank- Amsterdam, London, furt, Tokyo, Sydney and Mel- bourne. rector for domestic tours, in Dallas. Scott headed a list of company officials conducting a sales meeting for agents of Western states which concluded in Salt Lake Tuesda- yWe also have a substantial new market In combined air and motor coach trips at home, especially popular for those with limited vacation he said. time, Lura Rue, local sales director for Trailways, said new tours showing great interest from Salt Lake Gty are the IDS Pageant and Historic East Tour and a tour through Canada to Nova Scotia and eastern United 26-d- We are experiencing substantial increases in volume of bus tour sales in the United States as well as our oversaid Dan A. seas offices, Scott, Trailways national di States. Best-selle- r year was toe during the past Florida-Baham- a tour. . G00DB0DY INVITES YOU WE BOUGHT THEM ALL TO JOIN THE MONEYED CLASS PRICE TOO LOW TO QUOTE It won't bo easy. For It will require six horn of your utmost attention. Six houri devoted to investment practice! which can help the beginning investor find financial security. 180-square-in- picture ch Slide Rule Tuning for UKF INSTA-COLO- You Have Until R Your Car Inspected COLOR PURIFIER Walnut Woodgrain Finish Private Earphone If you'll pay close heed, you will be more familiar with such subjects as: Procedures of Buying and Selling, Selection ef Investments, Reading the Financial News, Investing Versus Speculot:on, ond Mutual Funds. (lay 15th To Get Ftr prenpt Classifieatica Goodbody market specialists will discuss these topics in classes. They will be held free for four confour 1 secutive Wednesday nights beginning May 7th. The time will be 7:30. The place will be Goodbody & Co 132 South Main Street, Salt lake City. rJ plitj iaspsctica service check "a" ia 8a Classified Scstics ef this rasvspajer. If you would like your name listed with the class, please mail the coupon below. Or call 328-841- PC Call State laspcctica State represKted ia this pke sore rare 9 cdsa I Name I Address Phone No. of reservations i Successful Investors Know Goodbody 521-35- 35 wai,dBri,it! GOODBODY & CO. Over 100 officti throughout tho nation I |