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Show (Fluctuations BUSINESS Lumber Prices Dn TABLOIDS Threaten Utah Mill Operators By ARNOLD IRVLNE Deseret News Business Writer ' Extreme fluctuations in the price of lumber over the past six months have created a situation that threatens to close some Utah sawmills. Inflated appraised stump-agprices of National Forest, timber are forcing small sawmill operators out of the timber market and into eventual mill closures unless immediate corrective action Is taken, two Uintah County operators warned this week. Stumpage is the lumber Industry term for standing '', ' ' 'f ; ' U ' 'w 5 ' s s ' ' s' ft s i ' ' s ft, , ' ' ' vv' I ' . v' " ' SS ' i' W , - ftV ' ''O' '' s v' ' , , s' ' Akv ' s v .v'v - 't . An unusually bad winter m the Pacific Northwest also has been blamed for a timber shortage. The export of logs to Japan added to the problem. Whatever the cause or causes of the price increase, the prime rate hike solved the at least temporarilproblem - e - ' Vftftv sft ' " , ' Lumber industry and buildleaders are ing industry saying that the lumber price inflation could return. If the situation improves, I think we will see frightening increases in wood said Ernest product prices, J. Hodges, president of the American Forest Institute. PRICES DROP Forest prices in the Ashley, National Forest are based on high lumber prices occurring in the first quarter of this year which since have collapsed, they said. The operators pointed out that dimension lumber prices have decreased over 40 per cent since the end of February from $120 per thousand board feet to $67. Service-appraise- e Some plywood items The lumber people are concerned about inflated prices such prices drive because builders to seek substitute steel studs, for materials example, instead of wood. Builders fear that price increases will discourage many prospective buyers. Eugene A. Gulledge, president of the NAHB, has warned that no one should become complacent merely because the price of lumber has e meacome down. sures to correct the causes of the price bulge should be taken because the conditions that brought about the price increase still exist. have of Home Builders journal. FACTORS G TED Jim Nisbet moves load of lu mber increase some sales recently which is very rare. This would Indicate that the operators are refusing to cut been lumber prices plummeted to e about their level. vice. pre-bulg- The problem stems back to last fall when lumber prices started a skyrocketing climb I would think that the lumber market is going to stabilize now, e recthat reached an ord peak in February of this year. The NAHB w'as predicting that about 1.7 million new homes w'ould be started this year, an increase of about 13 per cent over 1968, and a boom seemed imminent. Then came the prime rate all-tim- on complex formulas that taae into consideration the various price and cost factors. When an appraisal is set, operators bid for the right to cut the timber using the Forest Service appraisal as the base price. He noted that there have based interest rate comes the down. Reasons for the sudden price Increase during the fall and winter are not clear and accusing fingers have been pointed in several directions. One lumber company official blamed West Coast wholesale speculators for pushing up the price of lumber and plywood. Nortz pointed to restrictive policies of the U.S. Forest Service which have, he said, prevented the harvest of an adequate supply of timber. We were not cutting the amount of timber that was maturing on government land. The bombshells. NAHB changed its forecast from a 13 per cent increase to a three per cent decrease and timber at even the minimum price set by the Forest Ser- lumber prices. Carl W. Hickerson, deputy supervisor of the Vasatch National Forest, explained that are stumpage approvals at Boise Cascade yard. said C. W. Nortz, executive secretary of the Mountain States Lumber Dealers Association. I dont look for any significant change on the upside for the next seven months, beyond that, he declines to make any all predictions except that bets are off if the war ends or The future house TODAY'S STOCK MARKET TODAY 3:00 AmCan 2 20 AmCyan 1'4 AmElec 1.58 Am Export A Home 1.40 ArnHosS .22 A W F .'0 AMetCI 1 90 Amer Motor AmNIGas APhOtO A Smelt 09b 1.90 Am Stand ASuoar 2 1 1.60 AmT&T 2.40 A Tobacco 2 .60 Atnetek Cp Ampex Anacond 2 Vi ArmcoS 1 60 Arms Ck .80 Ashl Oil 1.20 AssoTrn .40 1 80 AilRich Atlas Corp AvcoCp 1.20 Avnetlnc .40 High Low Clou Chg. 28 84 216 128 4J- 74' 732 16J2 161 a 41 40'4 V 21 29V4 28 '4 72 4 158 45 58 20 554 142 344 51 65 290 507 48320H 29 29 274 2744 714- 72'- Gulf&W 34'4 3- 4- i 63 50 63' 33' 232 137 35 56 35 63 138 202 224 444 9 2144 43' 9s 52 91 151 354 33 32 578 38'4 44 34. Vi 4 V4 35 1044 V 33 44 3- 7- V4 54'i 2544 54 26 544 4- 34 27 33'4 33- 27 27'- 264 i 4P4 4 32'j 36 1511 68 29V, 36 4644 27 430 73 14- 16 121 45. 36 45 14' 6 154 15 26'4 27L 25, 68- '- 5 Va '4 ' vi '2 ' v 60 29 Vk A Vi 23 19 50 35 Co Cudahy Curtiss Wr 1 Cyprus 1.40 Va DanRiv Dana Cp Dart In .30g DaycoC 160 DayPLt 1.60 Deere &Co 2 Del Mnt MO 16 20 48 15 197a 45 24 22 19 24 78 46 19 24 45 6 41 28 43 27 40 24 25 47- 36 26 70 OelFdls 1.40 ,, DiaShm 1 40 .48g a) Diebold Diner Cl 50 ''a 30q Disney 1,. DomlUn ti , 29 77 . 37"- .- 'J I 67 23H 51 62 37 44 34 56 35 89 47 44 45 52 27 19 43 46 31 41 21 180 39 ch Dresser 2 60 1.40 56 52 13 , NEW active The IS most YORK (UPI) stocks traded on the New York IBM In'Harv Itek 97 41 19 24 45' 4171 a1 42' 'a 26 39 24' a 25 Vs 4 90 EascoCo East Air .50 East Kodk 1 Eaton Y 1 40 26 28 51 6?ra 37' s 45' a 39 24 25 '- . on.-- , 5, 74 73 63 74' 68 30 67 20 65 S3 34 V 677a 30 33 130 30 27 30 3 1 Farah 'A Ferro Cp x. F irrstn sl 641i 30 21 64 17B t 32 111 241 38 42 276 345 358 .87 ,50d 56 13 IMer 167 Fairmont i . FaircC Fairc I FstNtSt 80q o 1.60 ,50b 8 18 X5 2 69 25 56 35 68 24 55 35j4 1 26 26 9 207 286 85 224 20 75 35 22 19 21 19 73 34 74 35 1 1 4)1 16,000 SQ. FT. Classes 42 June 30, July 1, 2, 3 56l 314 2?4 88 84 72 290 30 90 22 2644 36 & 3 PARKING FOR apparel stores. Richard P. advanced from Ph. 359-436- 3 Jack Ainnaa, iiat. 266-719- 1 394 27 334 84'-- 373 24 28 21 39 2434 28'4 26, 32' J 24 41' 30'A 128'. 33 37'4 V ... 30v4 30 14 14 53 53 34 34 14 53 34 14 14 14 49. - 44 44 44 4 . . V4 ... 32'. 30 30. Corp 32" 83'4 834 57i 56 42' 414. 69 33 33'. 3 46 '4 45', 417 334' 2 329' 30 203 169 2414 23' J 111 36V. 35', 191 38' 383, 49 637 162 64H 62 4 W 22l'4'! 26 "1 Na1'4isc2 20 Ni Cash 1.20 NatDistil .90 Nat Gen .20 NatGyp 1 05 NtLead .420 NatSteel 2' Nev Pw 1.08 1 Newberry NEnqEl 1.48 NiasMo 1.10 Norf&Wst 6 No Am RK 2 NoNtGs 2.60 No Pac 2 60 NoStPw 1 60 28 146 9 80 67 61 110 45 120 8 4 189 213 33H 46', 1m 331A1J, 30', . 24'4 36 ' 38'A . 1.20 OcckttlPet 1 OgdenCp .80 Ohio Ed 1 OklaGE 1 08 OkiaNG M2 Olid Mat 68 Orrwkln 4K 40 2 OrRock 1 Otis El Co Outbord M 1 OwensC 1 40 Owenlll 1 J5 V 49S4 112 115 40 5 23 29i 904i1 80 23 81 34 31 34 77 27 19 37 20 36 39 65 33 76 26 19 37 20 36 38 63 St9 Si! 32 39 31 29 32 23 44 28 29 9 59 48 29 3i5 24 33 46 31 1 13 --K- 4 a 30 2934 38 29 32 22 43 27 58 47 23 on AVAIIABLI 33 23 60 33 41 41 41 19 41 American Stocks 61 20 19 41 41 Va a All sales In hundreds (00) omitted except for those designated U which ire traded In 10 share lots and earned In full DIVIDENDS: (a) plus extra; td) paid last year; (c) payment on accumulated dividends; (b) declared or paid so far this year, noreguiar rate; (e) cash g) annual rate plus stock plus stock; latest dividend; (h) paid this year dividend omitted; k) per cent In stock; last cent stock (r) in year; paid (i) per capital distribution; (x) followlna FRACTIONS: (f) Indicates figure is fraction in 32nds; (i) indicates following figure is fraction In 64ths; (t) indicates following figure Is fraction a ... 90 2.20 Roy'D - 1.60 Cp 80 104b )7'a 'A 1.10 Safewy l'u St Jos Ld 1 294 23V 28 25 39H 39 'A 517 69 57 202 57 18 17 30 29 33 47 45 30 30 34 47 45 31 31 25 25 18 18 91 29 12 21 31 161 47 45 32 25 19 29 92 123 89 30 47 48 26 32 30 47 38 12 13 6 49 27 32 o 628 56 3? . 1253i 30 34 38 23' V9 12 55 8 2 11 63 19 22 .P 25 21 21 ?8 26 28 43 36 81 66 '4 38 23 25' 21 21 21 21 27 28 43 43 36 80 65 ... n NEW YORK (UPI) Selected stock the American Stock Exchange. Sales(hds) High Low Last Chg. 18 18 18 19 Aerojet .50a 16 1- 66 16 AlldCont 30 30 10 30 Am Pet .40b 30 30 --? 44 30 ArkLaG 1.70 1- 919 203 20 Brascan la 19 19 19 672 .28b BritPet 17 26 18 Circle K .32 14 ' 14 44 15 Clary Corp 1 177 17 18 Comoutest 2 49 43 11 58 24 723 54 102 20 64 53 36 45 20 18 95 67 119 64 387 77 299 101 66 34 5 35 97 39 52 61 155 16 3 187 66 26 12 2.80q 49 11 24 53 204 52 44 17'4 66 62 77 100 33 34 37 61 15 186 26 49 )1 24 53 20 52 45 17 67 62 77 6 GCACp .. . 4 Teledyne Tennec Texaco TexETr TxGasT TxGuSul Texlnstr Tx PLT TexUtil Textron Thiokol Timken TraneCO ,Trnsam 438 68 265 28 3.20 40 1 48 .60 80 .45b 1.68 .80 .30b 1.00 .80 .50g 101 31 30 26 75 25 29 153 26 239 119 30 26 75 25 28 25 117 4 100l 34 34 382 61 Va V4 . 28 2534 1187t 12 18 10 1 33 12 17 22 5 7 16 25 23 5 7 16 25 33 12 17 22V 5 7 16 25 2k .30 ....Kirbylnd 30 26 75 25 35 9 Gen Battery HuskyOl .30 Kaiser In 2k V S 186 26 38 32 20 62 46 Equ Cp .05d Fed Resour Felmont Oil FinCSB .20g Ford Can 10 Frontier Air 1.40 SouthCo 1.14 SoNatG 1.40 Sou Pac 1 80 So Rwy 2.80 SowstPS .64 Spartan Ind 35b ISpRand SquareD .80 Squibb B .75b StBrand 1 Std Kollsmn T 661 Lee Natl Cp Means FW 1 Mohwk Airl Molybdn Cp New parkM PacNwTel 1 Pneum Dyn PubcoP .15b Reeves Inds Shattuck Dn Solitron .16 Std Metals Statham Ins .40 Syntex Teccolor 40 UnvCon .07e Utah Sgr .80 Wst Nuclear V -- v- Transitron TranUn 1.08 W A 1 2.90b W Inc 'A 20thCnFox 31 V, 84 T I3--. 1B1 StdOInd 2 30 SldNJ 1.80b StdOhio 2 70 STerlDrg .70 StwrtW 1.65 Vk Studewort 1 SunOil Co 1 SunshMn .52 Sup Oil 1 40 8041 1 SCaiEd StOICI 25 20 35 Va 30 . 47 48 26v 32' '4 37 23 25 27 25 Vi 7 17 30 Va Vs ... 39' 51 51 128''4 125 91 115 55' 25V. R 1 UnCarbide 3 Un Elec 1.20 UnOCal 1.40 UnPac RR 2 Uniroyal .70 U Aircr 1.80 UnAirLlne US US Gypsm 3 Indst 45 USPipe 1.20 USPIy 1 20b USPIyCh 84 USSmlt .75e USSteel 2 40 US Tob Co 1 Un Util .88 Upjohn 160 341 34 77 26 - 19 37 20 - Kopper l.oO 1 2 Kroger 1 30 Va . 36 39 Everyone LOVES . . . 64 LearSie 11 32 Va 39Vs . 29 .. V2 s 32 22 .45 CehPCm 60 Leh Vat Ind 54b Lehm LOF Gl 2 80 Taka It Out of lli Altitl ANTIQUING MADt MAST WITH MARTIN SIN OUR 44 59 48 24 aa "paint, glaia, wipe" to turn a marrad, acarrtd attic ralic into a handaoma antiqua. You don't avan ramova varnish or old atain. Eaay 27 ; 3, 4- - Get Your Distinctive d SUIT NOW weight fabrics in the newest patterns and colors. Tailored to your own individual measurement. SPECIAL PRICED FOR 8950 Utah Woolen Mills CHARDS STREET k 1 Rey ReyTob leva 22 60 33 23 58 3 138 347 5 35 2'? S,? "I Met 16 58 R .60 .60 Tricon 30 7 60 H 33 112'. and states 8s 214s 24 Custom-Tailore- 266-165- 31 1 sl RonmH Ve 36 27 Kaiser Ag 1 Kan CS In 2 Kan GE 1 36 1,000 CARS IN CENTER 266-082- rJd T 18 33'A 32'A 25 11214 111' 31 55' 56 20 25 25', in summer, Roarf'se Tr 27-- 4 23' 28 28 IB - 2 29V4 12 --X. PurolBt Ralston 'A Rayette a, 36' management StRegis 1.60 25 .30 24s 2- 4- W Sanders Vi Sang Ele .40 28xb 29 29' V2 334 . . SaF In s 1.60 334 33 33' 't 333 34 Schnley 1.30 42V4 43s . Schering .80 26 2634 26 Schlumbgr 1'2!SCM Cp .60 82 82H 807-St Scott Papr 1 94'4 92 7 927 27Va 28 2 27' 'a Sear R ) .20a SheHOil 2.40 23 22H 23 101 2 101W 99' SierrPw .72 2V'i 21 ''4 21, SignalC 1.20 77'-77' Simmns 1.40 77'- 41 59 597a 59 SmgerC 2.40 45l74 H SmithK&F 2 45H 45 382 58 44 ' 44 36 53 Odiorne, of Utah colwill present Odiorne will deliver the seminars to members of the Pacific Northwest Personnel Management Association in Z 3534 Boise, Idaho; Seattle and Walla Walla, Wash.; Portland and Eugene, Ore., and Nanaiand B.C., Victoria, mo Canada. The dean, a pioneer in managerial leadership theory and application, has consulted for General Motors, Ford, Detroit Edison, Aetna Life, Honeywell and the Dayton Co. S. Dr. George dean, Univers iy lege of business, eight one-da-y seminars this three western Canada. Va 27's 21H 21 17's 1634 36 34H 27'x 2634 15 H Nw P.an ..V4 41'. 62 Odiorne Schedules Seminars lv 527a 36' 27j4 13 .... '4 39'4 574 5714 24 4 24 424 41'4 30'A 29' 127'A 130 33s 6 33 181 374 37' 129 3344 32' 1 31 38 53' anThe new president nounced plans to open a fur department in the downtown store at the end of July, and t, mens clothing department about Sept. 1. Mr. Makoff Sam- uel E. Makoff. Richard P. Makoff was formerly president of the firm but stepped down to vice president in 19 46'i ler. by the death of - 57"i 564 174 3464 39 36 presi- dent to president to fill the vacancy creat-e- d 27?: 36 264 137 39 was Makoff 19'A 160 46?i 4SU order to study law. He recently graduated from the University of Utah college of lawi Other new officers are Mr Curtis T. Ellsworth, secretary and assistant to the president; Lyle D. Franks, vice president and merchandising manager; Alden R. Wignall, vice president and operations manager, and Lawrence F. Shaw, vice president and comptrol- were named Makoff Corp., Thursday by operator of downtown and C o 1 1 o nwood Mall womens 30 81 24 Access from 3 main highways Call today for more information Room 308 Boston Bldg. VH Names Officers New otficers 474) 27'. 6- 2- 89' 4 100 multi-milli- 1 3? W 75 18 36 62 29 at tha crossroads of Salt Laka county. This will make a dollar location prime outlet. Registered Rep, and State Securities Lie. - 22a 39 44 114 3 97 156 95 Located NASD. 2 s Gen 25H 36 62 for Vs - a 2144 26' SUPERMARKET FOR LEASE 47 ft 7 22 A EXAMINATIONS 69 45 52 2ft 19 43 48 34 Va a Tire lg Oenese 1 60 4 Ga Pac 80q V GettyOl 38b 35 15 Gillette ) 40 Glen ?a Aiden Global Mar 46341 27 Goodrh 1.72 23 . GoodyrT .8o Va Grace W 47 .8U Va Grand U 29 20 GrantW 1.40 GrlA&P 1 30 34 GtNPap 1.40 iGtNorRwy 3 S44 Gt West Fin 69 25 19ty 38as 25- 428'-- 31 1 20 JohnJn .80a JonUogn 80 Jones L 1.35 Jostens I .60 JoyMfg 1.40 13 14 Va 4 'a 56 36 44 n 87 JohnMv ElPasoNG 1 20 EltraCp EnJohn .1 2h ESB In 1.20 1 20 Essxlnt Ethyl Cp .72 Eversharp ExCellO FactorM 19. subject conda spokesman added. Frei said the government would buy 51 per cent of the stock of Anacondas Chilean subsidiaries, making biannual payments during the next 12 years at 6 per cent interest beginning in September. He said the agreement included an option to buy the remaining 49 per cent beginning Dec,-31- . On r rn gw 274. -J- 28 27 42 26 54 27Vj 31H 38H 31 80 IntMnq .20b IntNick 1.20 Int Pap 1W Inti T&T .95 Poor's Indexes E 34' ,40g Idaho P 1 60 IdealBasic III Cenln 1W IllPowr 1.80 Imperial Cp ing Rand 2 inland Stl 2 InspCoppr 3 97.?$ 417 40 24 37 16 65 ?1 35 149 41 Dow '. gJPt j,fb 166 I? 24 26 15 Most Active Stocks 9.j 97.18 D 28 ' & the mixed steels generally were fractional. 1.20 20 6634 33V. M75,032,4Tl 1,234, 398, 8J) . 39 ' 12,041,520 7,860,950 1,396,494,922 nKiHiimiiHnnHniuiHiHiniiimniHiMnmnminmuinniininiiiiintiiiiiiiiiiniiiiimHiiiiiiiniiiiiiitimiimtiiiiniiiiiiitmuiiiij 611 37 Holiday 2 417 627 29 27 14 51 14 51 60 39 20 22 19 49 35 9,020,000 10,310,000 11,371,880 NEW YORK (UPI) Standard 8. Poor's - 43 hourly indexes for Friday. (194) equals 10). 500Mlf 97.45 4 444 SS Standard ... 45'- 37 68 - BU6IWE66. 'n 26' 37 4444 - li 25 J 4 45 - - 1 111 6 111 ?5 1 NfcU 6JJCULP BE ABLE TO TELL ME WHICH STOCK WILL bO UP. AFTER ALL, THIS 16 YOUR 214 4 4 29H 29'4 351 B 32 - V 4 Vi 33, - 144 256 113 103 6's 149 26' : 42'4 424 298 Approx final total Previous day Week ago Month ago Year ago Two y.ars ago Jan. 1 to data 1968 to date 1967 to data -1 10' J 324 374 10 334. 64 158 429 346 HammPap 1 HeclaMn .70 1 Hercules Hershy M0 Heubieln ,75 Hewitt P .20 HiltonHotl 1 Hoff Electn Holiday Inn Homestk .40 Honywl 1.20 Hoover 1 20 HousLR 1.12 Howmet .70 New York Stock Sales 'A 57 35'22 434 94 28 20 H- ... 34'4 35 544 12 21 V2 2 50 2834 li 44 55Z11' 544 2844 75 11 ' - 3344 33 . GtWsUn .90 GreenGt .96 Greyhd Cp 1 1 Grumman Gulf Oil 1 1)1.25. 'A 33s4 35 57 39 4 47'4 206 294 187 'A 'A 27V 17V4 - Closing net price change of all NYSE stocks traded, computed by Quotron Service, was up 0.07 per cent) from previous day's close. Using April 1, 1966 prices as a 100 closed Friday at base, the Indicator '. 2634 17 17H 48 35 10 10V 0 4 I6V2 41 W 26'i 27', 27' 50 106 Market Indicator -- 46 74' 47 Mead Corp Memorex Merck 1.80a M 6 M .601) MidSoUt .68 M M M 1 60 MinnPL 1.20 Mo Pac A 5 Mob Oil 2 20 Monsan 1.80 Motorola I 1 5434m Mt Fuel 1 68 1.24 b MtStTel 274 197 W MurpCo 1.20 47 26 5 Me Don D .40 McGr E 1.40 McGrHIl .60 McLean .80 A- . iis 73 Macy R H 1 Mad F 3.41b Magnav 1 20 Mar Oil 1.60 1 Marcorlnc MarMtd 1.60 MarshF 1.10 Mart Mr 1.10 Massey Fr 1 May DS 1.60 MaytagCo 1 McCror 1.20 Stock Averages talu(hds) 48'-- 36' 3934 in is wotked out negotiations, plan, g 1972. vice )1''4 )1 'i35" 3944 414 17 Issues Finish On Plus Side AcmAW( 2g Adresso 1.40 Admiral Cp Air Prd ,20g Airftedc r.2 AlcanAI 1 10 AllegCp .10b All Lud 2.40 Alla Pw 1 28 All Ch 1 20 Allis Chaim 1 80 Alcoa Amerad Hs Am Airl .80 A Brest 1.60 ll'i 36' . 14 I . xf legal corner to Makof - 76 i . s to corporate, requirements and stockholder approval" of the subsidiaries involved, an Ana- tion. DETROIT (AP) Despite the threat of an antitrust suit. International Telephone and Telegraph Corp. stockholders have voted to merge an TIT subsidiary, New Hartford, with tne Hartford Ins. Co. Co. 183 277 307 2 still Commerce ITT Merger LibbyMc Nl Ligg My 2Va LtngTm 1.33 Littonln 2 ai Lockhd 2.20 LoewsTh .13 LoneSCem 1 LoneSG 1.12 i , , The overn- 'illlllllllllllllllllllllllllllll of Chile through legisla- the ment ing facilities acquired after Feb. 17. Quotations QUOTATIONS CLOSIN iiiiiiiiiiiiiRiiiiiiiiiiiiiiiiiniiiiiiiiiiiiiiiiiiiii!iiiiiiiiiiiiiiiiii!iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiiii'iiinmiimiiiiiiiiiiiiniii)iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiHiiiiiiiiiii All tales in nurwreds (00) eri(tted ex cent tor those designated (z) which are traded In 10 share lots and carried ir full. DIVIDENDS, (a) plus extra; (d) paid last year; (c) payment on accumulated dividends; (b) deciaied or paid so f.ir this year, no regular rate; (e) cash plus stock; (9) annual rate plus stock latest dividend; (h) paid this year dividend omitted; (k) per cent in stock; Dow-on- s (i) per cent in stock paid la? vear; or q) in bankruptcy-receivershi- p (r) capital distribution; (x) By United Press International FRACTIONS: t) indicates following II a m. 870.02 212.81 120.75 295.63 figure is fraction in 32nds; U) indicates Noon 869.51 212.96 120.94 295 68 following figure is fraction In 64tbs; (t) 1 868 15 . 12.54 120.85 295.21 p.rn. indicates following figure Is fraction In Close 869.76 212 62 120 94 295.57 )6ths. Net chg 0 52 -0- .50 0 29 0 06 on stocks Selected NEW YORK (UPI) Pet. chg. 0.23 0.09 0.05 0.04 fhe New York Stock Exchange. -- deal - Local Interest - VHs month-lon- r.,ar York it agreed to the The WASHINGTON (AP) Committee House Banking has voted to give banks 7 a extra months of breathing room on the cutoff date for rolling back newly formed holding companies. It okayed a provision requiring banks to divest themselves of nonbank- buyer - B 1 Eduardo Extra Months stands to pay more for his house unless, by some magic, the government can find a solution to the threatening lumber shortage and repeated price inflation. If the interest rate stays up, the buyer will pay more in interest. If the rate comes down, lumber prices threaten to go up. The Nixon administration, as a stopgap, recommended increasing the cut of timber on federal lands by 1.1 billion board feet in the next 14 or 15 months. i Xt-.'';, s CHILE (AP) -Ahuge copper mining interests in Chile will be sold to the Chilean government in an agreed upon n a tionalization, President Frei announced Thursday night. The company said in New tiiiilliiliiiirtiiiiiiiliiinm Romney, secretary of the Department of Housing and Urban Development (HUD), saiu a cut of $100 million in his department's budget voted by the House this week would eliminate 117,000 units of low cost housing this year. The cut would reduce the budget for such purposes to $200 million in the year sorting July 1. FIND SOLUTION? ss SANTIAGO, Long-rang- The operators claim that the Forest Service is refusing to take into consideration in appraisal formulas the difficult sale conditions of small size timber, down timber, wet and rocky ground and other factors. They also want the appraisals to reflect updated ' ' naconda Co.s -WASHINGTON (UPI) George Romney said budget cuts by the House and a proposal under consideration by taxwriters would make it impossible to meet a congressional goal of 26 million new houses by 1978. FEARS NOTED decreased over 50 per cent in price and nearly all classes of lumber have suffered some price decline, according to a recent issue of Homebuilding, the National Association -S- Goal 'Impossible' housing start d s'' '' ' , ' Anaconda Mines In Chile Takeover Thomas J. McIntyre, has introduced a bill to regulate maximum rates of interest on loans charged by federally supervised banks as a step to reduce inflation. y- trees. (UPI) S'"-- ; - , S Friday, June 27, 1969 Regulate Rates WASHINGTON ' y ' x f-f-- ft ft" . f KT i i k Thursday. en. ''X s X -WASHINGTON (UPI) One carrier may go bankrupt and others may have spent millions of dollars without a return if there is further delay in the issuance of certificates tor domestic air routes to the Pacfic, Rep. J. J. Jake contended Pickle. INTER BAD ' v y ' v - ; a Pacific Routes Some legislation has been introduced making it possible to harvest more of the maturing timber, Nortz noted. A?- i ft V. sK'V'' ' ; A ! South of Temple Cate vi.li Stfic&jtavfc, ORNAMENTAL HARDWARE Drota Up that ralic with handaoma, amatt hardware from our hug aa I 9ce6uGro action. a.r WE'RE FAMOUS FOR . Campla Paint OegartMeet .. DELICIOUS MALTS SUPERB SODAS JsSL$Sisc TEMPTING SUNDAES 1384 Foothill Drived HU 1 DOZENS OF FANTASTIC INC. ICE CREAM Americas i finest DISHES jr Ice , Cream Sto' f 21st SOUTH 222 E SO TSuAt OPEN Iltl MIDNIGHT. CLOSED SUNDA'S KiO |