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Show '&u&rtate.dfki&&KtlhKi f v Ff-l-lf- !WWy Fannie Mae Hits Mortgage Gouging - WASHINGTON (AP) The practice of some mortgage lenders who charge cxiessive discounts to home solkrs was a tacked fhuisdav bv Ray- - THINK Lapin reported a 9 per cent gam in Fannie Mae's debt operating earning? last year. On a per share basis of common stock, earnings were tntiy VOLKSWAGFN INTERMOUNTAIN QAOO AVijj PH. i ; ' $y OLD INACTIVE URANIUM STOCK WANTED FOR CASH South Main SEND II ST WITH AMOUNTS TO JERSHON, BOX 11245, SAIT IAKE CITY UTAH 486-211- 1 f 2?v$yh U y & w V !( 46,. '" 4' ' " 9 r ' 4 s ' 6D POWER FIRM SWITCH OJI Plans Revived For Coal Use A t ' I V Friday, r tv rt'Tt.-tp- rr 'f fA f I rr, 9 yWw'J , ' 9 shares. Noting that "the biggest single investment most Amen-ca- n families make is the purchase of their home, Lapin told the gathering of stock To learn that ome holders: families selling their homes tired. SMALL ie&sbiA 17, Treasury-hel- i ' A delivered Ins criticism t the first annual meet-- I mg of stockholders of the gov-- i ernment - sponsored, privately owned mortgage banking institution known throughout the house Industry as FNMA, or Fannie Mae. Fannie Mae went private" last September when d stock previously held by the U.S. Treasury was reLapin ' , $f47, compared With 53 37 in ihe gain reflected m part the retirement of the ym ym sw wmy & fyWVrrW ft niond H. Lapin, president ot tiie Federal National Mort-- g ige Association. pre-feire- Drive the New VW W V"i tfe il Mm May r v& At : ,A 1969 16 with federal housing financing being charged eight points, Is shocking. "This price of 92 means that they are receiving only 92 cents for each dollar of value of their home Points represent the discount taken by the lender from the face value of a mortgage. Frequently the amount is simply added to the cost of the home when it is sold, theieby raising the price. Fewer than 150 of Fannie M a es stockholders 7,000 at' ended the first annual meeting are Utahns Optimistic About UnivacTrip Utah industrial development officials, headed by Gov. Calvin L Rampton. said they were pleased with results of a visit to the world headquarters of Lnvac in Blue Bell, Pa , Wednesday. The governui and other top aides visited with executives of the Sperry Rand division in an effort to secure a new assignment for the Univac operations in Utah. It was understood that the assignment would involve manufacturing of Die computers and could v lead to 2 000 jobs Howevei, no decision has yet been reached by the firm Univdo piesently operate-tw- o plants employing about 3 000 persons in the Salt Lake area which is a major engineering and production center for Univac computer systems. ha- The also cnmpanv announced plans to locate a S. L. Banker C. Richard Wright, assistant vice president of State Bank, has been installed as president of the Salt Lake Chapter, American Institute of Banking. Other office elected were Don. W. Sheets, Federal Reserve Bank, first vice president, and Jerald D. Holyoak, Zions First National, second vice president. computer ptogiarnming facility m the utea, hiring as many as 50 of the people a year The governor was accompanied by Walter Smith director of the Utah Industrial Promotion Board; Maxwell E Rich, executive vice president of the Salt Lake Area Chamber of Commerce, and Lee higiilv-tiaine- d Jorgensen, manager of industrial development for the Chamber. Security plants may oe taker o the shelf Jack K Hoiton, chamnaii board and clues of the eej tne officer pulling out SCRIBS PLANS He nted that Nevada had sci ubbed plans for new plants at Moapa and at Alton near Kanab when the Navajo Project was announced. The new plants would have taken Utah coal as do the present two Nevada Pov er Co. plants at Moapa. If Nevada pulls out of the Navajo proiect, there is hope that the plans for the Heads A.I.B. First two The withdiawal ot Southern California Edison Co fiom the studv of the 520 million Navajo Electrical Generating Project was seen as good opus for Utah's coal mines on Commenting Thursday the ju- -t announced withdrawal, a 'ora' con! industry see spokesman said, "I cant Nevada Power staying in with Edison Southern California d of S. C, Edisoi , said the company was step-pinout of the Navajo pioji t because its share would ha' e been half a billion dollars CITES REASONS lie also cited uncertainties in the project with at least paitneis and a lack of control of the portion of the project which wouin have provided service lor Ediiv son customers. El Paso Electric Co and New Mexico Public Sen u Co, had previously withdrawn from the project which proposes Six coal fired unit- -, three at Page, Anz , and three in the Four Corncis Area in New Mexico S.L. Firm Purchased Purcha.se of the assets of Corp., Lifferth International Sail Lake City, has been announced by James Robertson, president of New Products Corp , (NPC) Ogden With the purchase, NPC has and all foreign acquired domestic rights to a patented UTAH WOOLEN MILLS' vehicle developed by Lifferth. A working model of the vehicle has been tested by the Aimy and construction equipment manufacturers, acIt is cording to Robertson. adaptable for use in recreation, construction, agriculture and military applications Utah, Florida Firms Merge Be merger of Silver Age Mining Co. which operates m Utah, Nevada and California, and of Standard Mechanical, air condiInc., Florida-base- d contrac and plumbing tioning A Best-Dress- ed for Graduation Grand Opening At 'Willows' Buy the young mans traditionally styled suit in 100 Worsted Wool and Dacron and Wool Blend Public grand "The Willows, opening of an $850 000 apartment development along Cottonwood Creek in Murray, is scheduled SaturLittle day and Sunday. Developer contractor David Adams said -- CiKOUND IVY HLAL-AL- L Herringbone, Sharkskin and Hopsack fabrics CLOVbR in your low n, dont try digging slaughter slaughter 31 75 33 31 00 32 21 00 33 bulls $50 PARK FREE TEMPLE SQUARE TERRACE OR GRANT LOTS credo plan (with America's favorite lawn or your Master Charge fertilizer) to greener, thicker beauty and helps fill in the bare spots where the weeds used to be. Does Plus 2 really do all that? It has to or y our money will be refunded. Whens the best time to use it? Right now, them out. Theres an easier, more effective way of getting rid of them. Its called Turf Builder Plus 2. You can spread Plus 2 in a few minutes. It penetrates the weeds and clears them out, roots and all. At the same time, it leeds the grass - Cattle heifers - Over The Counter 1 steady, Choice 975-- 1 175 ,b nd cl?0,ce U e?00 choice 825 1.025 50, heifers cows 50, utility and commercial 75 utility, commercial ano good 24 00 25 50 BankAmericard or Walker Bankard Thursday's Quoti'ions Ouotatons from tM NASD er. ree-e- r ntativ prices as of approx r markets (mately I p m change throughout the dey Prices do not ,nCuda retail markup markdown or cony mission securities I BID 75 21 50 slaughter lambs choice Aibertsonlnc Sheep 1 000 lb shorn AmalSugarBonds 3150, end prime 00-50 slaughter ewes cull and utility AmericanSavIngsLoeri NW Makegood ag bit add livestock lAmericanWestarn CHICAGO Hog receipts ArdenMaylair (AP USDA) 4 were butchers were 500, Thursday AztecOlliGas higher, lata fully 75 hightri active, 1 2 BenefiCialStdLlfe 200 225 lb butchers 25 00 over 500 head BonnevilleSvivan 75, tew 'ots Brown, ngArms at 25 00 1 3 200 240 lb 24 2 4 lb 23 75 2 25 at 25 00, 2 3 CommercialShearlrig 23 lb ContlnentalBenk 75 , 3 3 4 lb 25 22 34 lb 20 75 22 25 Sows Da.aCoro on over lull advance weights OataDes an higher, 450 lb active, 1 3 330 400 lb 20 25 21 80, 'DelphiTaylorOil 50 , 3 lb DenverRealEstete lb 20 00 19 2 3 lb 19 50, boars Emdekolntl under 400 lb 18 00 18 50, over 404 lb EguityOil 18 50 FirstSecCorp 300; calves Cattle none; not FirstSec Inv enough steers or heifers on ottei for a FirstWesternFIn price test, cows moderate!, active, weak GarrettFreiqht to 50 lower, utility and commercial cowslHydroFlemeCora 20 50 22 00 few high dressing utility idesINational 72 25 2 2 75. cutters 18 50- - IntermcuntamGas 21 25 Maonal nvestment 100 package choice end prime Maonalnvect Sheep 95 lb spring slaughter lambs steady at 1C tmlC 32 w MorrisonKnudsen NatlAmerLlfe Nat (Securities Nat'iWesternLlfg NorthAmer Resources NorlhwestNatGas PiorveerNat Gas Researchlndustnes RoyalExednnsAmer - ASKED 12 62 92 00 18 00 8 00 12 87a i 13 12 a 95 00 19 00 6 75 13 25 18 CO ?2 50 3 25 17 6?1 22 00 2 75 30 Q 35 00 16 00 39 25 37 00 18 00 40 25 2) 00 2209 I v 1750 40 25 8 25 7 6?i 33 50 14 00 6 25 1162V 3 50 95 CO 10 25 25 25 2 25 1 50 9 3?L 6 25 w Schrtttlrvt SentmelSecunty SHverKmgMn Nev 9 87' 15 00 14 87V 17 00 SMCInv 'oufhwtResearch 700 SuretyLife Tracv CollmsBank UtahCnerefrp pe ValleyBankATrust ''alleyNM'IBank Wa1kerBankATrust 53 00 4 50 20 50 V 7ionsFirstNat ZionsUtahBancorp 7 11 21 5 3 25 75 00 25 25 23 00 17 75 7 08 16 50 15 25 18 00 7 75 56 00 6 TO 21 50 200 H) 33 00 17 00 15 95 16 ?5 28 00 16 00 14 75 16 00 7CM! t 175 20 622 4 75 2 75 72 00 17 25 SaltlakeHardware V 7 87 34 50 15 00 6 75 12 12 4 50 100 00 10 75 26 00 2 75 2 00 37'a 11 50 62 14 00 6 37 IB SO 41 25 37Vs 25 6 00 13 cannersind lien w eeds are grow ingactive-lv.Whei- e to buv it? See below. vv 500, 7 500, barrows and gilts steaoy Hogs lb 25 00, sows to 25 higher. 1 2 3 325 450 lb to 25 higher. steady Use our convenient ezr (AP USDA) and steers 100. 00 MS? If you have any of these weeds OMAHA 20 (and more) fade away - or Scotts will pay! the project will be open Saturday from 2 p.m. to 8 p m. and Sunday from 1 to 6 p m. With 60 units completed, Adams is planning to add another 170 units bringing the total value of the project to $3 5 million. Livestock Complete selection of the most popular colors These lawn weeds tor, has been approved by the of both firms. stockholders The new corporate name is Standard Systems, Inc., Patri-- c i a Elmore, president announced local mutual funds IndustryFundAmer 5,000 sq It bag .V: S!t l r caes exchanged grade 5 grade AA large If crabgrass was a problem in your neighborhood last year, youll want to use turf builder plus 4. It gives all the benefits of plus-- 2 at the same time it prevents crabgrass and foxtail from sprouting. Grub-prooyour lawn for a full year too. All from a single application. fs .v" guaranteed one-co- paints and redwood stain at "Protect" lat&x house and trim paint "Guaranteed One Coat" gloss house and trim paint regularly 9.99 gallon regularly 9 99 gallon Vv5r-- Save $1 N. rffcausirm iniwi i mnwia m. 5.99 Save on latex paint guaranteed to cover ony surface or color in just on coat. Won't blister of peel, dries qu.ckly, brushes rinse clean. In hune shades. dreds of Save $2 -- 5,000 sq ft bag 18.95 , - 2,500 sq ft bag 9.95 non-fad- e "Redwood Stain" regularly Forest Hills Nursery i dealt rs authorized Jordan Nursery 374 7000 So Stall, Brown Floral Co. S'h South end 10th Wait, 364-554- 4 Bud's Village Hardware 2040 East 6200 South, Burton Lumber 2220 & 277-262- 7 Hardware State, 4639 Holladay Blvd , 277-262- 1 3909 West 4700 South, 298-44- 4 S 466-S62- 3 Chris & Dick's Hardware 3525 South Redwood Road, 266-955- 1 277-366- 4 IS North 2nd Wait, Bountiful, Lindgren Garden Center 1 485-00- 1 Keith's Hardware 4BS-063- 4 Millcreek Gardens 3500 So 9th East, 395-231- Redwoed Rood, f )( 9 Ti' Add redwood's rustic charm with the stain that penetrates, colors, and seals in one application. Just brush on any unfinished or previously stained wood, shingles, etc. SOUTH Redwood Nursery So 50 2327 East 33rd South, t. ? Smith Milling Co. 2S5-- 1 3048 Highland Driv, 467-153- MEZZANINE HOUSEWARES NUMUS, INCORPORATED, er Bask Building, carry in 3291 Highland Dr Idaho Falls? (or ictsurci 277-274- 4 wa 414-857- 9 Mulholland Lumber Co. Western Garden Center SSO Seu-- h 6th East, 364-787- 1 306S West 3500 South, 298-471- 1 in Onden Mail and phone orders fnled For delivery, dial in Sait Lake City area, area, 374 2780 in P'010 area. Zenith 737 in outlying areas. Allow 4 days for delivery. There 11 a 50c tax m Utah 4 sales Box 14h5, add 62c postage per gallon plus W charge on anvC OD Mail orders to SHOP MONbAY AND FRIDA Y 10 AM. TO 9 PM. (bit! 825-160- 7 328-118- 8 T 1311 I Walk- on the business owino selling of brokering on forms ot Insurance capital slock S50 00U, J Gary Sheets, Robert C Sloan Jr , Vibert I. Kesler Jr , all ot Salt Lakt City of Flights leave Salt Lake at 7 30am daily 322-342- 6 Wasatch Shadows 4529 Wander lane, New Corporations Business 3 99 gallon 2.89 8onon Pearson Floral 1560 Eo.t 33rd South, AA NEW YORK (AP) Spot nonferrou. e cent-metal prices Friday copper pound Connecticut Valiev; lead 14 1 cents a pound New York, line 14Acents a pound, East St Louis, tin SI .58 pound New York, sold S43 70 per troy ounce New York, silver SI 770 per troy ounce. New York; quicksilver $520 00 nominal per tlask. New York gallon gloss that lasts up to use it on wood, shineight years gles, masonry, metais, any color or surface. In bright titanium white only. The L-- 3736 South Highland Drtvo, grade Metal Market Magicolor paint sale 6.99 8o,," fit AST? 7 medium 29 2 grade AA small 22 25 Prices to producers grade AA larae 23 26 i grade AA medium 18 21V; grade AA small 11 14 - ' Lake Frlre s Thursday's market unchanged to retailers delivered to stores tn cartons AA extra larqe Now you can prevent crabgrass at the same time k 746 6 83 10,000 sq It bag 14.9n Ain UTAH Flune JjS 4Jcl lot naaonS |