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Show ' v ' ' - Dealers Automobile tional Assn. In its annual publicaton, Data From NADA, the franchised new car dealer organization said the averge retail inselling price of new cars 1967 the from $40 creased And 67 out of every 100 iffnT '' rrimjii miu lViliariyrirWitMifflty'iliiiiJin'ijfthiiTi-ifirijy-n. verage The NEW YORK (AP) $3,240 average buyer spent last year for the retail purchase of a new car, according to figures released by the Na- price. i' ' - v new cars sold were purchased on credit, the same as in 3967, the report said. Other auto facts in the report include: Americans spent $6.21 of every $100 of disposable personal income on autos and auto parts last year, an increase over 1967!s $5.56. U.S. passenger car production was 8.8 million compared with 7.4 million in 1967 and the high for the last 10 years of 9.3 million set in 1965. Motors had the of new car regislions share 46.7 with trations per cent, General Ford 23.7 per cent, Chrysler per cent and American Motors 2.8 per cent. Imported cars had 10.5 per cent of new car registrations, up from 9.3 per cent in the previous year. The average franchised new car dealer sold 303 new cars last year and 327 used cars and had $1.7 million in 16.2 sales. jil'''iY'"l'limH ry,, y y yvy-f- ia o if n CORNER ON COMMERCE Firm Readies it H' Metropolitan Manager Named There were 99.9 million vehicles on U.S. roads last year, including trucks and buses. Some 11.2 million were in California and 6.1 million in New York. Nuclear Corp. of Denver will soon begin a on $100,000 drilling operation American Corp.s General uranium ore lands in San for companys San Francisco division. Hubert will serve Algom Western Pat- under district manager rick J. Cain in the Salt Lake City district office. As agency manager Hubert will supervise a unit of Metropolitan representatives in the area served by the Salt Lake City District office. Hans G. Hubert has been appointed an agency manager M e t r opolitan Life, announced Edward A. Murphy, regional manager of the Drilling U-O- re Monday, July 7, 1969 12B 1910. n rwwwiv i The average dealer spent $13,430 on advertising, employed 23 persons and paid an annual payroll of $151,000. In 1968 there were 2.43 persons in the country for each registered car, compared with 2.47 in 1967 and 202 persons in ,r Atlas Corp., Amerada Corp., and e Superior Oil Co. Meyer said General American would receive annual cash payments under an option agreement with Western Nuclear. If the options are then General American will receive sizeable royalties and interest,. he said. He said Western Nuclear will begin drilling six holes to a depth of 2,700 feet. Juan County, said Dan Meyer, president of General Ameri- exercised, can. The General American land measures about 4,000 acres and has been leased to Western Nuclear for the discovery. The lands are contiguous to properties owned by the Rio Bank Promotes Officers Tooele and Management promotions in the Grantsville branches of Commercial Security Bank were announced this week by Richard K. Hemingway, president. David K. Schmid formerly manager at Grantsville has been assigned additional duties as manager of the Tooele Branch with over all supervision of both offices. Shirley Worthington formerly Grantsville assistant manager has been elevated to resident manager. Nolan H. Maxfield will continue as assistant manager at Tooele. Mr. Schmid has been employed by Beehive State Bank and Commercial Security Bank since 1962. An Idaho native, he attended the University of Utah. Mr, Schmid Litton Assures Quality Litton Industries Guidance and Control Systems Division General Manager, Robert B. Carabine, announced that Jack D. Lynch was promoted to a quality assurance supervisor with the company. In this capacity, Lynch will be responsible for all line inspection of the product. He will report to Roy D. Estes, quality assurance manager. Lynch, a native of Ogden, Utah, has been with Litton since 1958, aad has held various production and inspection positions. M Mr. Lynch GSL Appoints Two The appointments of Wolfgang Brinkmann and Ulrich Neitzel to new positions were announced by Harold J. Andrews, president of Great Salt Lake Minerals & Chemicals Corp (GSL). Brinkmann is to manage Engineering and Construction, and Dr. Neitzel will head the Resources & Development Department. GSL is a venture to extract, process, and market minerals of the Great Salt Lake. Both men joined the venture in 1965. They originally came to the Great Salt Lake from Salzdetfurth, A.G., a major international chemical concern based in West Germany. Salzdetfurth, A.G. and Gulf Resources & Chemical Corporation of Houston, Texas, are joint participants in Great Salt Lake Minerals & Chemicals Corporation. A0a srs- itV - Wasatch Sales Chief Named John M. Cameron has been named Industrial Sales Manager for Wasatch Chemical Company (a subsidiary of Mountain Fuel Supply Co.), according to John R. Ve I0 oe2V'; . , y. 90' a Anderson, company president. Previously chief chemist ooo & for Stauffer Chemical at Garfield, Utah, and former production supervisor for New Jersey Chemical Processing Plant at Depue, 111., Cameron will supervise industrial chemical marketing in all areas served by Wasatch Chemical. as ves Mr. Cameron Experts Studying efed ASle Job Alternatives NEW YORK (NANA) -G- overnment experts are burning night oil preparing plans to head off an unemployment crisis should there be a sudden Vietnam peace break- oe 0. through. At his last news conference, President Nixon strongly hinted that he expected, progress at the Paris talks within the next two or three months and a 0 ,aVc -- A VS OP -- .1 ve' oCvdS5 .Vfvei,S definite lull in fighting is obvious in Vietnam. Total Defense Department purchases currently run to the tune of around $87 billion. Thats nearly 10 per cent of the Gross National Product (GNP) (goods and services). Thats big in terms of jobs, production and materials. - va&eVe S ' vd coP' It is reliably estimated that more than 3.3 million persons t, v St6' oofc' V: ee4 ,49' toi"ce VkOtf S3(,6 e" moO ve's,e. pese vo one? M in'- iCoO" OP1 Go0pe Cpec SO'' coO o pe ,0 0F CM ,ae .T.ooA rof ,tO n' covoi' SV'"el QMeO S Vo ,0 -SWASHINGTON (UPI) bond redemptions totaled $71 million more than sales last month as savers continued to pull their funds the out of the investment conAdministration .Nixon cedes is not profitable enough. It was the seventh consecuexceeded tive month cash-in- s sales on bonds which arc frozen by law at an uncompetitive 4,25 per cent interest. Treasury officials said earlier this week the administration would ask Congress to raise the ceiling on savings bond interest rates to bring them into line with yields offered by banks, savings and loan institutions and other similar avings O S'v CO ;0C fO? C n Jo'1,n 0 ,iee (vd,C0" Investment. 1 l v;v Hopes to transfer defense workers to nondefense jobs are beclouded even though a large number are skilled workers because the Reserve credit crunch is expected to reduce economic activity where an increase in unemployment isnt unlikely. Nixon-Feder- The Defense Department is the only one who can ease the jobless increase threat. The Pentagon plans no quick cutback of contracts. We must replenish depleted inventories But it will and stockpiles. half million a release quickly men from military service. Bonds Cash-In- s Surpass Sales S rroo' (Fs hold defense jobs. Another 3 million are in military service, of which at least one million could be released on a in Vietnam. cease-fir- e Cash sales of bonds and freedom shares totaled $417 million last month, an In- crease of $9 million over May and $26 million ahead of the total for June, 1968. But milredemptions totaled $489 million from May lion, up $69 and $93 million more than June a year ago. The last time bond sales topped redemptions was last November. Since then, a net of $325 million has been withdrawn from bond holdings. June sales included $34 mil' lion worth of freedom shares, a 5 per cent note which can be purchased only in conjunction with regular 4.25 per cent ' bonds, |