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Show r nflation Curbs y tji "Hi my "igi 'u tfrTqpuni r i' By DON WOODWARD Deseret News Business Editor - Las VEGAS President Nixons Administration has already shown progress in conmost urgent trolling the domestic matter in America inflation, which has today been pricing the U.S. out of world markets, Utah bankers were told today. Rocco C. Siciliano, under- - $ MILLIONS Available for financing, refinancing real estate, shopping centers, apart- ment houses, business needs, farm and ranch loans, equipment financing and leasing. Write or Call ING, Lake Ph. FUNDFINANCIAL P.0. BOX 2406, Salt City, Utah 84110. 487-239- wmmtmummmmmma j j m rA, "tr gjfijF "gyfl'nr program now would be to bareliminate riers which other countries have erected against U.S. monetary policies to brsg inflation under control. Siciliano, a Utah native, spoke at the annual meeting of the Utah Bankers Association here at the Stardust Hotel. lie said one of the major problems of the Commerce Department under the Nixon Administration would be to expand this countrys world trade, which this year faces a threat of a deficit. For this reason, he said, it was imperative to control inflation because the trading world depends on the strength and of the American dollar those with whom we deal understand, as we do, a grave threat posed by inflation in the U.S. Siciliano also said a major products. non-tari- . These include border taxes, technical restrictions and restrictions on U.S. Investments. There Is a temptation for the U.S. to erect similar barriers to foreign imports in this country, but the administration does not believe that such protectionism is the answer. an open Instead it favors table principle. Siciliano also said there are freedom? economic which describe the tone of the the Administration: Nixon freedom to travel, freedom to trade, freedom to invest and freedom to exchange technolo- four gy- The speaker, a former president of the Pacific Maritime Association, said the department expected to announce OMEGA department plan to eliminate federal support for the market news offices is getting little sympathy in Congress. The House, in voting last week on the agricultural appropriation bill for the year starting July 1, upheld its A Come in and see the watch our N.A.S.A. Apollo astronauts wear in space, orbit-- ; ing at ,17, 000 miles per hour or taking their walks in outer space! It's the Omega Speed-- ! 2 master ton chronograph with tachymeter dial. Stain-les- s steel, $185.00 - push-but-- stop-watc- committees appropriations decision to continue federal financing for the 21 coopera- Christensen HUBBARD-DEN- tive federal-stat- e news offices. Now the Issue goes before the Senate. Congressional sources said odds there ap- - N JEWELERS 230 So. Main - Sfwswsa- o 15 Y- - YYfY,,'': v ' "C' s o v'V', rAASOMR ' Jr-- -- idscyt f uTs jege (333 Another speaker today, E. Parry Thomas, president of the Bank of Las Vegas, deof scribed the problems Vegas resort investing hotels and said they were quite similar to running a good bank. nrUMC iiflaU ( :D' Gary Garff and dtey ansi oitKiB Gt:2iE2;ii'Cn!3 untra-moder- peared to favor a derision in favor of the House stand and against the administrations economy proposal. offices involved are part of a network of nearly 200 market news centers, most financed cooperatively by the federal government and the states. Replacing him will be William H. Whalen, general freight and passenger agent in Denver for the past 11 years. Salt Lake general traffic agent Nicholas J. Meis will move to Denver to succeed Whalen there. John B. Dela-powill become general traf- lie agent in Salt Lake City. A native of Omaha Haut- - - Plan Postponed United CHICAGO (UPI) Air Lines, Inc., has postponed establishment of a new holding company for diversification purposes until next month because a federal ruling on tax aspects of the plan has not been obtained. E. (Bill) Myrick, president of Valley Bank and Trust Co., was chosen to be a new vice president of the organization. He almost certainly will become president next year since the vice president usually moves up. Nominated for terms as directors were Rob- W. two-ye- ert H. Bischoff, Ogden; A. L. Higgins Jr., Salt Lake City, and Robert B. White, Cedar City. The outgoing president is Frank A. Nelson Jr., president of Murray State Bank. Nelson has presided over the convention which has drawn 450 Utahns to this desert resort for a three-daseries Cash Grain CHICAGO Wheat 1.29 !N. Cas hgrain sales: No. 2 soft red (UPI) unchanged. one cent higher. No. i yellow yellow .34' 2; t'o. 3 yellow Corn No. 2 .34 ?; 1.3G1 2. Oats unchanged. No. 2 extra white .64' 2N. Rve unchanged. No. 2 plump Malting Barley; By Stocks trading. Bcnos No. 1 heavy 1.16.V feed yellow United Press international Lower in moderately active Irregular. bonds Unchanged to U S. government higher in Quiet trading. American stocks Lower In moderately active trading. London stocks Closed lower. Cotton futures Lower. oats off to M cent; corn off Mi to 7a to up 3a; rye unchanged to up off 3 to unchanged. 363-761- 4 y NORTH SALT LAKE Monday auction: Producer Livestock Market lb barrows and 1'8; Hoqs lb Silts 50. iscws 16. Cattle: Slaugmer cows fully steady; some strength shewn on high commercial and standard 25 to 50 higher; feeder steers fully steady; slaughter bulls 25 higher; fed steers 25 to 50 higher; most advance on gcod to low coice. Cows: Canners and cutters sold mostly i18.5C 21.70; few head of low canners and commerical utility standard cows to 24.60; slaughter bulls steers Fed cattle: fed Choice good to low choice good to goed Holstein steers low coice fed heifers standard 0 to low good lb choice feeder steers good ib feeder steers choice lb steers feeder fleshy Holstein feederlb steers steers choice 26 choice good lb feeder heifers good choice lb heifers CHAIRS BOOKCASES DESK . BIG DISCOUNTS OMAHA 25; calves to 25 stronq; prime Cattle 7.509; heifers 25 higher; cows steady bulls steady; feeders higher; slauqhter steers high choice and WRONG COLOR ITEMS Carload of Special Stock CONCRETE 3895 LETTER FILES 2815 60x30 TsnMasWylarticularfyapphpabltJtJ sUtutiqnalbiHldLngMberewearanda Whalen joined the railroad Omaha accounting de- in the partment in 1936. Allen, Phil D. Jensen, Preston G. Adams, H. Austin Belnap, Ralph D. Brinton, Reed V. Brinton Allen C. Brown, Max S. Caldwell. Wayne B. Freck-letoRobert Wight Harper, Ronald W. Haslam, Don R. Horrocks, Clifton I. Johnson, Fallas M. Kelly, Kenneth E. Lake, Blair R. Morris, Joseph M. Newey, M. Darrel Nllson, Norman W. Olsen, Hugh W. Pinnock, Thomas B. Redford, Melvin H. Ridges, Myron K. Rigby, Lamonte Sant, J. Gary Sheets, Hugh A. Snyder, Keith C. Wallace and Vernon Rex Waltman. CHICAGO Chejcse: Produce: (UPI) processed loaf Muenster 56':-63Cheddars: single daisies 4; lonohorns '3; blocks 53'i-SSi. Swiss too few to report; blocks (wheels): Ib.): Grade A Grade B 2. Grade C Wholesale prices as reported by the Chicago Mercantile Exchange: Butter steady: 93 score 674; 92 score 67'4; 90 score 64' j; 39 score 60'Y 90 score 89 score 62. Eggs steady: white large extras 33':; mediums 25; standards 30; checks 23. Potatoes: total shipments 461; old and new arrivals 80; track 271; supplies moderate to light; demand fair; market weaker to dull. U.S. Track sales (100-lunless othwhite erwise noted: Calfiornia long Arizona round reds 4.50; Idaho Russet Burbanks 5.50. Onion: arrivals 4; track 56; supplies liberal; demand slow; market dull. Track sales: California yellow grano large 2.15; Texas yellow grano large yellow grano medium 1.40. brick 562-64- ; prime slaughter 36.00; Ib. 0 heifers Ib. ; Ib. LOS ANGELES Livestock market Artesia June 2. Cattle 400, calves 400; slaughter cows bulk of supply Holsteins. very active mostly steady; beet breeds rather slew steady to 50 lower; bulls mostly steady, some weakness on beef breeds; other classes and calves held for auction; slauqhter cows Individual commercial Holsteins most util50; cutterity 21.00-2high utility commercial beef breeds 21.50-725; other utility bulls High utility and commercial Holsteins mostly individual 28.4); scattering utility and commercial beef breeds So Carefree... Can You stand 60 Days Over 90 Degrees EXECUTIVE DESKS 11700 72x36 CONFERENCE DESKS How would you like a dividend 141 check 60x30 LEG STYLE TABLES W DRAWER MORE INFORMATION? GIVE US A CALL 013005 Ib 5 high, choice and utility and commercial cows utility, commercial and good bulls choice Ib. feeder steers Ib. heifers Choice 8,000; barrows and gilts Hogs tb. steady to 25 lower; heavier weights to 50 higher; Ib. steady Ib. sows 25 to Ib. steady higher; 35.75; 1,500; spring slaughter lambs Sheep and shorn slaugter ewes steady; shorn lambs steady; spring slaughter lambs bulk choice and lb. prime shorn slaughter lambs choice 105 Ib. No. pelts 29.25; shorn slaughter ewes cull to good LETTER FILES zinger joined Union Pacific in 1946 in the mechanical department at Omaha. He was traveling freight and passenger agent at Butte, Mont., prior to coming to Utah. - 0 C I Mr. Hautzingcr good Sait lake Eggs GOOD SELECTION OF Ob. ' s Produce Market OGDEN 500 Cattle and calves 100; slaughter steers and! heifers firm, slaughter cows about steady, feeder cattle active, strong to 50 high- er, calves 1.00 higher. steers and heifers: Slaughter cattle Ib steers high gTOd and choice; i ether qood steers Ib Holstein 'standard and good individual choice pteers Ib heifers couple head 30.00-2Ib heifers good cows: utility and commercial canner and cutter to mostly Prices Egg market unchanged. other classes: utility and com- retailers delivered to stores In cartons; mercial bulls 5 Ib choice cases exchanged: Grade AA extra large .vealers and calves 35.50-38738 grade AA large 34 to 39; grade steers: Feeaer cattle individual AA m 39 to 33; grade AA small 22 choice Ib sever- to proaucers: Grade A A a! lots Qcod andcalves to . choice lb bull large 25 .o kNc; grade AA medium )9 to calves few individual choice 22v 3; grade AA small 11 to 14vi. 'h moderate number Ib fleshy choice good anrf rlo'c. lb bulls 550 900 Ib several lots good standard Ib Holsteins and qood stnd- - i and nCod Ib Holsteins heifers: part load mostly choice 474 Ib cavles 31.80; individIb calves ual choice package choice 650 'b 30.10; individual choice Ib and good DAMAGED OR WRONG COLOR lt - Mr. Whalen Livestock Inventory Reduction Sale! ASSORTED ITEMS OF USED, permanency ofJWhite I y Markets In Brief PHONE The luncheon, sponsored by Zions First National Bank, featured Elder Harold B. Lee of the Council of the Twelve, The Church of Jesus Christ of Latter-daSaints, as speaker. He and Roy W. Simmons, bank president presented round table awards to: Hal E. Holmstead, Reese K. of meetings. S FILES iThe Ijtelong , ' Insurance Men Honored Gub. LAS VEGAS Ronald S. a Logan banker, Hanson, Monday was elected the new president of the Utah Bankers Association at the annual convention here. Hanson is vice president .of the First National Bank of Logan. For the past year, he has been vice president of the U3A. Member National AsfctXtiaHon of Securities Dealers, Inc. INSTITUTIONAL ' - Utah insurance Twenty-ninunderwriters who have qualified for the industrys 1969 million-doila- r table round were honored today at a luncheon at the University Bankers In Utah Choose Officers CALL OR WRITE mASONRjr v since 1966 e 37 EAST 1st SO. ''Seji s U.P. Managers Switch Posts The BULLION MONARCH CO. mmm GmDffinUHM n three-quarter- AVAILABLE ON X r.iASONnw ,'- - Tuesday, June 3, 1969 , has been named traffic manager at San Francisco. Miss America, Judiih Anne Ford, drove a new Oldsmo-bil- e through a ribbon today to officially open the Ken Garff Oldsmobile sales facility on State and Fifth South. The revamped complex, which includes an new car showroom with glass walls, cost s of a million dollars, Mr. Garff said. John B. Beltz, Oldsmobile division general manager, praised the new facility Monday during a brief Salt Lake visit. CURRENT RESEARCH CONCRETE ',,S't A s (, .Y' autzinSer commerce traffic mandg- America aim for ribbon. Break For Garff &CO. Gtynan i -- Y iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiier t amj nr rjapl' Miss casino. il1 .Ss : x ' V Salt Lake City was announced today. E. Richard M volume of gambling is done on credit, but the loss ratios can be as little as one per cent In a well-ru- n funds. The other 18 get from 25 to 90 per cent of their budgets from states. If federal support is cut off, state authorities would have to boost if they their contributions wanted to keep the offices open. , s s s'ss A change in the manageof Union Pacific Railroads traffic department in extended. A substantial mi - ibl I Ns ment He said in both banks and gaming, the imoprtant thing is to know when to extend credit and how much can be In the group of 21 small offices involved in the current controversy, three are operated entirely with federal s, v ', -- WILSON-DAVI- sotet ' 'i ' x .vylr .jraqs untarily. f' eis i333j0(o4tr v I .v "v .V 4B Soybeans unchanged. 2.72N; track Chicago. tita-- ' E Y. He appealed for the bankers to support the coming 1970 census so that information will continue to be given on a mandatory basis and not vol- - CONCRETE xV 5 soon an entirely new policy for the Maritime Administration to build a modem merchant marine which is now in a sad state. Solons Save Ogden Office WASHINGTON (UPI) -The Department of Agricultures livestock news office in Ogden, Utah, is one of 21 such offices in 16 states apparently saved from oblivion. w PSTOlO Working secretary of commerce, said t was apparent that President Nixon has put into effect the right mixture of fiscal and iiiii u iprrnnyriig' TjTirtJrlr1yr'iy,lylTy1'jrylr''ifir EACH MONTH? 63 WIDE ASSORTMENT OF OFFICE STATIONERY ITEMS MIDWEST OFFICE SUPPLY CO. TtMFOmV STORE QTM. SO WIST 2ND SO. 364-352- 7 For $3,000 or mor, you con receive a check each month, In varying amounts, from your investment account, Your money will be spread over more han 250 selected American companies. Pleue ten, me jfddrtu. . -i- I ggefted monthly Lake airport temperatures showed last year. Electric room air conditioners now are down in price to about half what they were 10 years ago. S. J. Lind, Ine., 93 20 43rd Road R.00 Park, N.Y.. 11374 come program for a That is what Salt in- Cool it now! inraunent. 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