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Show tion By DON C. Des-ere- WOODWARD News Bumiicss Kditor t "I can you that inflation will bo hi ought to heel,'' said the chan man of the Federal Home Loan Bunk Board today, but until it is, hoiL-mwill be short ol lands. " i Piesto Martin, in Salt Lake City to participate in the Dr. annual con ention of the Utah Savings i nd Loan league, said the country has a housing and it's becoming shoitage, worse. Were not producing enough homes for our JOIN if be expected holding action Neverthi loss, he said at a press conference at the Hotel Utah, a major domestic policy of flip Nixon Administration is and m tc counter inflation the meantime the housing industry and the savines and will be loan organizations fighting .1 holding action." Howpvpi, EXPLOSION with "SPSIDY COPY CINTIRi" 'INSTANT Business leaps and bounds. Speedy Copy Centers otters many to favorable its advantages Franchisees 1. . ir He compared mortgage rates ef about 7.7 per cent to federal now' borrowing ce.its which Die at 9 pier cent, Eurodollars at 9.5 per cent and AAA Corpora'e bonds at 7.5 per cent. 16 is growing by WORKS CLOSELY said, in NEW PROGRAM To help avoid a repetition of the 196 experience, Martin said the boa id would soon release details on a new, longterm advance program which would provide funds to savings and loans for up to fivp years in advance, thus assur He said starts housing would be at least 300,000 units short of where they would be if the country were in more normal times. Many ltpms have contributed to the shortage, he added including high rates, high labor costs and the spiraling costs of materials. But when interest rates come to heel, he said, the board will be twice as active as it is now. Martin said his organization working more closely with the Department of Housing and Urban Development than it had in the past in an effort to provide more Wus relationship to other rates. There are funds available a1 bargain rates. Martin said the FHLBB was doing evoiytliing it could to avoid a repetition of the credit crunch which he said for brought on a "depression both home builders and savings and loan industry PRINTING" wm classic , The he rates are not DOES ITS BEST PROFIT v Money is a lot tighter. he said. Thpne's a good deal of pressure on intes oig.i-niza'io- n THE still putting around building the same number ol homes we built in the early 60's. was more of possibility now than it was just five months ago. A LOT T1GIIIER Martin wax appointed bv Picsidcnt Nixon earlier tins year (o bead the federal which governs Ihe S1F4 billion savings and borne financing industry. The nidus try in turn is by far the iaig-es- t single source of funds for he new home construction, were but anoth- er increase ir, the ptime lending i ale. Key sione to all other interest rates which is expected by many bankers and fiexecutnes to rise nancial above its piesent historic high I can't point, Martin said comment on that. But he that another increase people or lor our minorities.' as'-u'- e g roes allege .,gc kids, foi our older ''Firm iumds Dr. Preston Martin . . . housing suffers low-co- st ing them of a source of money to be reloaned as mortgages. The board has also expanded the authority of savings and loans to participate in loans outside their regular lending territory, so that those in areas can assist associations where growth is taster. STILE PITTING ALONG Demand for new housing has mushroomed, he added, g housing. I thing the private sector is ready and able to provide funds all we need is a slackening of rates, he said. And as for inter loans, intended to promote housing for gioups. he said, Let Congress produce ;he subsidy money and every unit possible will be financed, without and it will be so exception if we have to make advances to the industry to do it. Multi Billion $ Depression-Proo- f business Investment Clubs Thrive 2. You work on profits of up to 75 per sile 3. Your customers repeat 2 to 200 times per year Investment clubs are burgeoning in Europe as well as in tlie U.S., Tom OHara told a 4. Above average earning poten- tial of the Utah Council National Association of Investment Clubs (NAIC) Thursday night. O'Hara is chairman of the board of trustees of the NAIC with headquarters in Detroit. He is the only full time officer of the organization. On behalf of the Utah Counmeeting of the operate under our proven success program and attractive You image. give you all the training and supervision necessary to assure We nn Kill Ul USII your SUCCESS. "TURN KEY Our complete franchise is 529,500 and requires an initial cash investment of 515,000 CITY & cil, O'Hara presented awards to M. M. Fidlar, president of STATE AREA FRANCHISES Mountain Fuel Supply Co.; Dr. David R. Pingree Jr., professor of finance, University of Utah, and Duane Carr, council chairman. He told the Salt Lake group at its first annual awards din ALSO AVAILABLE If you are sincerely looking for a good legitimate business and feel you are qualified both financially and otherwise, write Box this paper (inriude phone number) Our Regional Mgr., Mr. Wm. Bentley, will be in Salt Lake City to corduct persona! interviews. Speedy Copy Centers are a subsidManagement iary of Automated Systems, Inc., a publicly held co Count yourself in on royal eating with a different menu every day. Sure to please and Jill! every Jack ... 4 mi J WILL PAY $2,500 Finders Fee For controlling interest in on acceptable SEC Approved Ce. Nevada Party ' by Write Box co of this newspaper at the University Club that the investment club ner movement is growing in Brit- ain; that French banks are using full page newspaper ads to encourage the formation of dubs and that there are over investment clubs in Stockholm. Uuiiug me lutn tour liiOiiuiiN, clubs have been joining the NAIC at the rate of 500 a month. The organizatiqn now has 13,004 clubs and 215.000 members in the U.S., he said. O'Hara cautioned investors against buying at too high a price and you dont buy a 2,000 stock just because the price comes down. The ratio (price divided by earnings) is the standard used by professionals for determining whether or not to buy. He cited a study made covering a price-earning- s period showing that the greatest profits are made on stocks with the lowest ratio. The ratio should be considered along with such factors as earnings before taxes, current buying fads, and effect of economic cycles on a firm, he said. price-earniii- Livestock ' &$' To Serve Utah Area '' - s 'V , , - A new corporation that will offer a variety of airplane and services w as Wrdnwsday as Inter-WesInc. James B. Burr announced the establishment of the new firm in connection with a tour of the corporations facilities by the Greater Salt Lake Area Chamber of Commerce. Burr is chairman of tne hoard and piesident of the new corporation and will continue as president of Air Utah Airlines which now will be a subsidiary. Othr operations of the coiporation will include aircraft sales, fixed base operations, airline operations and rotary wing operations. Every conceivable service that a third-levor air taxi airline can provide is offered, Burr said fighting fires, rescues and ambulance service, plus the airline service of Air Utah between Salt Lake City; Jackson Hole. Wvo.; and the Idaho points of Burley, Sun Valley and Twin r . - 1 v. , ; . $ vs 6 vvVv ' J - ' M - ' " , gV ' ,, ICvX z",s ' X 1969 23, Friday, May D - helicopter launched t, Falls. Rotary wing opeiaMons ate based at Salt Lake Citv; Van Nuvs, Calif.; Durango. Colo.; Alaska rnd Lewiston, Idaho. Assets of the new corporation amount to $1.750 000. according to Burr. Provo: Slow Down - Co. Greenwald based his conclusions on a survey conducted by the companys economics indicating in? sHid. Hn noted that TWA also offers connections Irnm Chicago with several oilier Midwest and eastern cities. Don L. Caudle, TWA senior oflairs, held out this hope to a group of civic and business leaders in a Friday morning meeting. He outlined TWAs interest in the pending service to Salt Lake routn investigation. told the group. -- IDEALLY SUITED cross-contine- We aie ideally suited to meet your service needs. he director, civic The recently approved Los Angeles Hong Kong link will the TWA complete loute. Caudle said. round-the-worl- d TWA serves 35 major cities in the U S. and 24 major cities ah'oad he said. "TWA is Ihe Meanwhile, attorney.' representing the Utah Agencies in Northwest the Northwest-ceivethe Pacific a vote of confidence tod ly in a meeting held in Attorney Gen. Vernon B. Romneys offices. IN THE MEETING only applicant that can meet a n ti c Salt Lakp's tiansa needs. Pacific 1 1 d P rrticipating resentatives He pledged that the ail line would do all possible to provide riiipcl, single plane seiv-ie- e to Europe, but even if this were not provided, as some have intimated, competitors travelers to or from Europe on TWA would he spaied the confusion of transferring from one airline terminal to another at Chicago or New Yoik. were repthe Industrial of Dl) MOST GOOD Smith, director of the Industrial Promotion Division, said it is inevitable that new airlines must be induced to serve Utah if the state is to become something other than Walter G. AmerNEW YORK (AP) ican businessmen expect a slowdown in sales during the second half of 1969, according to Douglas Greenwald, chief economist for McGraw Hill department Dnert single plane enne to Eurojie liom Salt Lake City would be possible if Trans World An lines (TWA) were allowed to add Utahs capital to its routes. Promotion Division. Salt Lake City, the Salt Lake Area Chamber of Commerce and the State Aeronautics Division. Sales May Publications TWA Could Aid Utah Air Service busi- nessmen expect a sizable decline in the rate of inventory buildup. a satellite of I would urge you to select the carrier that can do th most lor Salt Lake City and Utah, and support that carriers application to the hilt, Caudle said. Denver. TWA is one of the airlines will enter bids to give Salt Lake City additional tran- This added competition will hurt lires now serving the state, he added. TWA would provide direct connections with San Francisco, Chicago. New York and Washington, if granted permission by the Civil Aeronautics Board, to serve Utah, Caudle, at the breakfast meet- - that scontinental service. Exhibits must be submitted to the CAB by June 5, and hearings will be held in August. Utah agencies. a combination of government and civic groups has asked the CAB to consider the matter. Grain Futures OMAHA (API C 1.J00, calvtsjend commercial beef-bre)0 hmhJ Hilly e 200; slaughter steers end er, other cows steady; other slaughter 25; classes scarce; prime 1.125 lb 3X75; choice 33 feeders mostly betler-- i heifers choice and prime 33 25; oood and slauqhter classes steers small lot oood 27 00 31 50. and com-- end of choice 920 lb 3130; cows uiilnv 00. and commercial 50; buMs 24 mercial cows 20 beef bred 21 19 6.000, barrows and jilts moder utility 400 50, ctrler 11 stems sca-cactive, steady to 50 higher. U S feeder classes steer calves lb 25 25. 00. cho.ce lb 24 lb steers and bulls 0 lb 40 Sows steady to strong 50; 300 440 lb 36 75; standard 21 lb 20 25;21 25 and oood lb 39 OC, 300 400 lb 100; cull to good shorn slaugh- - 34 Sheep steers 00; 600 S00 lb good 27 24 50; 6 standard ,.(U) 00, he.lrr , v , LOS calves good and choice lb 400; calves 300; Utility 40 slock: Catt'e 1 75- 00, lb 34 good heifers good 550 750 lb 24 40. Onions: arrivals 15; track 103 supplies The Range: Open WHEAT heavy; demand Stow; steady. Track sales: None. market NEW Goof-Pro- of Answering ,erW'SJ,'JiLd.Vj CODE-A-PHO- SERVICE Exclusive Feotures about The new CHICAGO Livestock: H09S 4.500. Barrows and gilts open 25 to SO lower; closed 50 lower; early moderately active; later slow; No lb 25 5026.00; ?50 head 26 00; No 0 5 lb 24 200250 25; No lb 24 00 24.75; No 50; mostly 24 No lb 23 lb 22 4 No 5 lb 22.25-275; sews uneven; 25 to 75 lower; weights over 503 lb off most; fairly active; no 0 lb 21 lb 00; No 20 No 0 lb 19.5020.25; No lb 19 boars 18.50-1- 9 ' . TVS break-throug- in Telephone Answering Service h Features 3 different greeting messages: Push a button ond you're out to lunch. or "Closed for the day" Unbelievable Call (or low cost at "Back in 5 minutes." $13 00 per month. Free Brochure 75. Cattle 4,000. Calves none Tradinq on steers slaughter moderately active; steady to 25 lower; instances 50 lower on htgh choice, prime; heifers fairly active; to strong; cows and bulls scarce steady and steady; T. W. PETERSEN CO. 2455 So. Main 486-930- 7 Salt lake City, Utah 84115 sons sofa SALE . . . More than 100 elegant new pieces included at reduced prices Thoia are soma of the most outstanding lofat wa hava aver altered at any price. Never have you seen luch styles, such coven, such downright savings as you will see during this sale. Contemporary, traditional, French, Mediterranean, Spanish, transitional all ara spectacular. Decorotor selected covers, a whole spectrum of col immaculately tailored, wear tested ara. Deep outline quilting enhances the beauty at many. Wa doubt that there is as largo a selection at tine sofas in this entire area, to say nothing at comparable values. All prices have been reduced, those shown art typical. Save more then MOO on these fer any sofa in this group you would oxpct to pay $400 to $00 and they art worth H. Count on being pleasantly surpiised and you won't bo disappoint d. Many beautiful styles included in this group Big selection in this group You will soy thoo would bs excellent valuos of naor $400 ond you will bo right. Probably tha biggest assortment of oil will bo found in this prico grup. You will proudly telox in truly daop luxury. These ore very unusual values You will sava $50 to $75 on any of tho lovoly sofos in this group, ovon mart on some. Pricos liko thoso aro most unusual thaso days ond actually nonoxiitanf on furnituro of this high quality. Many floor samples reduced Thai oro lor tho bargain huntar wh& is vary conscious of styling ond dapandobility. Mony of thaso ora floor samples that have been priced for below the normal reductions for vwilor quality open evenings until 9 4545 South 9th tost except Saturday m 1 dC easy terms for a full year 262-297- 1 sons Easy Parking |