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Show isf? Hfrwwtfriiiiaii'iKii nrrr rinigtfn tiyinmflr'npn iffntpiT iiniHiiniiimiiiiiiiiiiitinuiiitiiiniuiiiiiitiiiniiiiiiiiinitiiiiiiiiiiiiiiiiitinninm 'me Tips By CARL W. RITTER Copley News Service saw in the year behind. An additional 32 per cent said they expect roughly the same amount of increase. That leaves just 23 per cent of the about the consumers optimistic trend in living costs in the period to next July. What financial strategy meanwhile then? Following are some possibilities: Cut down on credit buying. Save to purchase for cash, accumulating interest while so doing and eliminate carrying charges. Credit buyers tend to buy more, to buy more often and to buy higher-pricegoods. True ficosts nancing ranging from 18 to 20 per cent and higher are not uncommon. As a guideline to spacing out big If you havent gotten around to mapping a strategy to cope with inflation, maybe youd better get with it. The wholesale price index is up again and this traditionally means the consumer will be nailed in a followup somewhere along the line at the retail level. Further relating to the consumer, a University of Michigan survey of families indicates 1,500 American relatively few families see inflation knocked askew within the next 12 d months. Forty-fiv- e per cent of respondents said they expect larger price increases in the year ahead than they years ag", three brothers and a brother-in-lancorporated a business they felt had great opportunity for Some Another industrial giant has Jumped into the Great Salt Lake mineral rush. A spokesman for Aluminum Company of America in Pittsburgh, Pa., confirmed Friday an announcement of the Morgan - Justheim group in Salt Lake City, that ALCOA has acquired an option on 73,000 acres of lake shoreland. The option includes the rights to extract minerals from the lake. There are no immediate plans for any construction on We the optioned lands. decided, on a long range basis, to see what chem'cals were in the water that might be commercially usable in the future, the spokesman said. The option agreement calls for substantial bonus payments and royalties to the Morgan - Justheim group, said John H. Morgan Jr. His father and Justheim Petroleum Co. are included in the group. ALCOA is the worlds largof aluminum. est producer Already under construction on the lake are facilities for extracting Lithium and other minerals by the Great Salt Lake Minerals and Chemical Corp., a joint venture of Gulf Resources and Salzdetfurth A. G. National Lead Co. has announced plans to begin construction of a magnesium extraction plant this year and Kaiser Aluminum has land holdings near the lake on which it has been operating a chemicals extracting project. Mine Claims Sold - The purchase of 245 mining claims in Marysvale, Utah, from Rex Uraniu m Co. has been by Bullion Monarch Co. The Marysvale area pro- announced duced substantial qurntities of uranium ore during the 1950's. Axel J. Andresen, East, president of the Norwegian Mission of The Church of Christ Jesus h Latter-da- y Saints from died this morning in a Salt Lake 1952-195- hospital of a heart ailment. growth. The president was then the dean of the University of Utah Law School, the general manager was a salesman and the secretary - treasurer quit law school to join the firm. One remained a silent partner. From an initial $11,000 Co. investment, Porter-Walto- n of Salt Lake City, dealing in seeds, blossomed. Today, with a yearly gross income of $1.5 million and assets of $500,000, For Western Andresen Mr. Amlresen South Salt Lake Stake presi- dent, a position he held from He filled a Church mission to the Eastern States and was a from temple sealer at the time of his death. Andresen was the retired assistant general manager of Deseret Book Store and a member of the Salt Lake Lions Club. One of Utahs foremost ski jumpers, Andresen was an initiator and promoter of the Utah Ski Club. He was born July 1, 1896, in Trondhjem, Norway, a son of Gerhard M. and Julie Birgitte Nilsen Andresen. He married Sign'd Hyrum in the Salt Lake Temple. Board. Frontier Airlines was awarded a Dallas, Tex., to Las Vegas, Nev., route via Albuquerque, N.M. United Airlines was given authority to inaugurate s Ala.-Lo- service Ala.-Memphi- into bankruptcy. Seed stocks hoarded by speculators during the war were the major cause. Wartime seed scarcity sent the prices upward and speculators were waiting to unload their supplies, he said. And when they did, the bottom fell out of the market. We lost $100,000 in Invento- ry and another $100,000 in future contracts, plus we had $120,000 in accounts payable. Most firms would have thrown in the spunge and Juvenile Court Training Grant federal grant for training Utah Juvenile Court staff members was announced today. The grant will finance programs aimed at develskills, interviewing oping group counseling, volunteer training, probation aides and public relations. The need for properly trained probation officers and supervisors in juvenile court has never been greater," said Arthur G. Christean, juvenile This court administrator. grant should be of real benefit to the state. A $26,100 2nd Silver Star Capt. Leo B. Hunt, son of Mr. and Mrs. Horace A. SteFlorence Dr., vens, 8086 Magna, has been presented his second award of the Silver Star and Distinguished Flying Cross at Reese Air Force Base, Tex. s , Oct. 27. 4 Other airlines receiving awards in the southern tier decision are American, Bran-if- f, Continental, Delta, East-erNational, Northeast, Northwest, Texas International and Airlift International. n, , Utah Construction Mrs. H. W. Meyerhoffer carefully weighs seeds for shipment taken out added. ration for next seasons growing season late in July. Seeds are brought in and packaged by three machines that take the place of nearly 40 girls doing the work by hand. The packages are filled, weighed he bankruptcy, Porter-Waltodid manage We didnt have to survive. enough sense to know we were licked," he laughed. We thought bankruptcy was dirty skunk. We just told creditors that if theyd leave us alone theyd get their money back. And they did every penny." n sealed and automatically. Over two million packets are handled annually. Porter-Waltoprovides each retail outlet with seeds and a display case. Both are contained in a compact wooden box that handles and stores easily. The company has been a wholesale distributor for 10 years. It sold its retail holdings, Porter said, Because you cant do two things and be successful. They are actuif you go ally into it as thoroughly as you should. n Although little more than 10 per cent of the companys income is derived from seeds, Porter-Waltowas and is still widely known for its high n quality seeds. We only buy seeds from the highest quality dealers, Porter said. The seeds are before tested for viability packaging them for sale. Porter-Waltobegins prepa- - cross-purpose- n Assets Are Sold to retailers. Porter, started the business with his brothers. N. T. and John F. Porter and brother-in-laF. W. Walton. Porter is the only survivor of the original founders. The company now operates under the direction of five nephews. Co. mainly deals in the needs of the gardener. It is the exclusive jobber of Ortho products in the area and Intermountain handles everything from fertilizer to snow remover. Porter is optimistic about the future of the business he helped nurture into maturity. When you sell to friends and relatives, you know youve has succeeded. Porter-Waltorenewed its charter for another 50 years. We have construction plans for a $30,000 building. We will be here. n UTECH GIVEN LOAN FOR STUDENT CENTER $987,000 loan from the outside her bedroom window, but when a skunk takes over, its a different story. She stepped out in the yard one night this Wc'k to investigate loud digging noises and came face to face with the striped skunk. Included in phase one will be a bookstore, cafeteria, snack service, private dining areas, game areas and offices. believe her until he turned on the patio light and saw the animal turn tail in a familiar salute. Fortunately, the skunk held Tobacco Panel Not finished his fire. But the Charliers feel theyre living too dangerously for comfort. The Fish and Game Department has supplied a trap and baited it with fish. In the morning the fish is gone and the trap may be batted all over the yard, but theres nothing inside. Its a real sneaky little Mrs. Charlier said. We havent smelled anything yet, but that hole is only a foot and a half from our bedroom window and if anything happens we'll probably have to redecorate. skunk," The skunk apparently took the over squirrel holes, enlarged them and ran the other animals away. at Salt Lake has received a Department of Housing and Urban Development for construction of a student center. The school also received a $9,549 grant for library materials under the college library resources programs, according to Jay L. Nelson, Utah Tech president. Construction of the student centers first phase will begin before September 1970, with estimated construction time not to exceed 12 months. More than $150,000 has been raised by student fees, with this money to pay for construction of a theater and furnishings for the building, areas not covered by the HUD loan. Utah Technical College Mrs. Tel Charlier, 2817 Glen Oaks Dr., had learned to live with squirrel holes in the yard didnt , SAN FRANCISCO (BW) The sale of substantially all of the heavy construction assets and business of Utah & Mining Co. Construction was closed Friday. Fluor Utah Engineers & Constructors, Inc., a wholly owned subsidiary of Fluor Corp., was the purchaser. Not Included in the transaction w'ere Utahs dredging assets and business, its interests in Haas & Haynie Corp. and in joint ventures, its sand and gravel business and its equipment and storage yards in South San Francisco and Murray, Utah. The purchase price of $10,753,000 was paid by Fluor Utah in cash at the time of dosing. . -The Electronic Stock Evaluator Corporation of Rockvilla Centre, New York has selected the live securities listed above for outstanding fundamental market Interest. ESE uses computers to perform value and tasks commonly done by individual research analysts. . the However, computer has the advantage of speed, enabling ESE' 1 analyze approximately 5.500 securities each week. In forecasting the price , kale and dividends action of e security ESE obtain? estimates of earnings, from several different sources, and programs a consensus of these estimates Into the computer. The computer then assigns e rating to the security whicti , ' made by ESE. serves as a guide for the recommendations Since the rating assigned to a security Is largely dependent on the is recommendation a upon obtained by ESE, the accuracy of dependant Itia accuracy of tha estimates obtained. In this respect, the Individual research analyst and the computer are aubiect to the same limitation. General economic conditions, natural crisis, or news events which are unpredictable also- may have Influence on tha securities that are recommended. ...f ,, banks to change ; - Banks Must Change System WASHINGTON - (UPI) -The administrator of National Banks Thursday ordered , Banks now report income from operations, exclusive of securities gains and losses. The rule apparently settlesra dispute in i&e accounting profession , the proper wav to ? evaluate bank income. their accounting methods to include profits and losses on the sale of securities in net income fig- g ures. m e1 Big Problem Her husband - w Porter-Walto- n . nmnprrrinrinnnnrmrm-ir- Salt Laker survivors Include his widow; a son and daughter, Bruce R., Suhnyvale, N.J., and Mrs. Clifton (Mildred) Hedgepeth, Salt Lake City; a sister and brother, Mrs. L. W. (Valburg) Johnson, Salt Lake City; Nephi, Los Angeles, Calif.; two nieces who made their home with him, and Vigdis Toft, both Los Angeles. Tenn.-Lo- route. the Frontier Regarding award, Kaye H. Burgon, regional sales manager for the We anticipate firm, said, that well start s vicing that route prior o or at least by Skunk Gives HLs Huntsville, Angeles, nonstop and a Birmingham, s, Angeles N J. J. Porter, the companys retired president, who maintains his position as chairman of the board of directors, reminisced about the companys hard times. 1941-195- 1920-192- WASHINGTON Two airlines serving Salt Lake City are among those receiving approval for new routes Friday from the Civil Aeronautics It has weathered fire, flood, depression and near bankruptcy to gain status. The firm has an expanding sale of lawn and garden supplies that is the bulk of sales income. The Centerville greenhouse complex accounts for the remaining income. Ornamental trees and shrubs are the principal products. weathered the money but because panic of 1908-0of rapid expansion, we ran into trouble after World War I, he said. Most seeds firms doing an active and ambitions busness found themselves against the wall or pushed ' sxsT r : Pueblo Supermarkets, Inc., a Puerto Rican firm that has expanded into the U.S., has been selected as the stock of the ' ' week by the Electronic Stock Evaluator Corp. PUEBLO SUPERMARKETS INC. PSI, (23) formerly; centered in Puerto Rico, has expanded in the supermarket field in the United States. Sales and volume sho"!,t be aided' by the 1968 acquisition of the Hills Company Chain, better merchandising methods, and greater penetration of the market. As U.S. operations become more efficient, margins should be well maintained. Earnings for the 12 months ended April, 1969 were $1.55 per share compared with $1 per shaie for the previous 12 months. ESE estimates eamingsof ! $1.60 per share for the next 12 months. An annual dividend of 28 cents per share is paid. STOCKS FOR POTENTIAL CAPITAL GAINS ASSOCIATED BREWING (11) ABW, through acquisitions has become the tenth largest brewer in the country. A deficit 4 occurred in the March, 1969 quarter because of intense com- - I petition, increased labor costs and problems in marketing beer. Prospective sales gains, coupled with an announced acquision and diversification program, should help margins..' ; Earnings for the 12 months ended March, 1969 were 36 cents per share versus a deficit of 11 cents per share for the previous 12 months. ESE estimates earnings of 40 cents per share for the next 12 months. No dividend is paid. . . SEATRAIN LINES, INC. (19) SEA, is an unsubsidized shipping company engaged in governmental and commercial charter operations. Earnings for the March, 1969 quarter" were reduced as a result of a dock strike. The rapid expansion of charter shipping, coupled with the companys entry into conversion and shipbuilding, should aid revenues. Earn-- , ings for the 12 months ended March, 1969 were 88 cents per share compared with 96 cents per share for the previous 12 months. ESE estimates earn.ngs of $1.50 per share for the' next 12 months. No dividend is paid. CENTRAL SOYA CO. (21) CSY is the largest domestic producer of soybeans and a leading distributor and manufac- - - . turer of feed for livestock and poultry. Slim margins for soybean processing have been offset by higher prices of poultry products, expanded feed volume, and the reduction in support prices for soybeans, should aid earnings. Earnings for the 12 months ended May, 1969 were $1.61 per share compared with $1.20 per share for the previous 12 months. ESE estimates earnings of $2 per share for the next 12 months. An, annual dividend of 80 cents per share is paid. INTERNATIONAL RECTIFIER CORP. (11) IRF is' a major producer of semiconductor devices with interests in' ) the pharmaceutical field. Losses at Rochelle Laboratories' , have been the cause of poor earnings. However, earnings re-- . ; covery is expected with the increased market for semiconductor products, an active research and development program, and an apparent rising demand for the chloroaro- - , phenicol antibiotic. Earnings for the 12 months ended March,; ( , 1969 were a deficit of 35 cents per share compared with a, deficit of 19 cents per share for the previous 12 months. ESE , estimates earnings of 60 cents per share for the next 12 months. No dividend is paid. I Your broker will be pleased to furnish you with addition- 1 ", " al information regarding the above securities. New Routes V B3 Puerto Rico Firm Tops For Week ), is a success. However, the firm hasnt had an easy field to till. We Saturday, July 26, 1969 And Frontier Porter-Walto- n Ann-Mar- He was 73. was bishop of Burton Ward until called as exceeding as fapidly as possible. Dont necessarily borrow from a place where your credit is already established. Invest to an extent, according to means, in natural resource areas or in stocks of companies with this kind of holding. Many such stocks are around two-yelows, are financially sound and are logical candidates as inflation hedges. If you wonder how your family compares with others in financial outlays, here are government figures on typical spending: housing, 25 per cent; food, 21 per cent; automo-bile(s12 per cent; personal taxes, 9 per cent; clothing, 6 per cent; personal insurance, 5 per cent ; medical care, 5 per cent, all other expenses 15 per cent. Keep a budget! 64 A. And resen Dies At 73 of for sale items. maybe Keep the car for a while quite a while. Depreciation costs will mount fast if one trades too often. Depreciation is greatest in the first year of a car's life. For some models, depreciation in the fiist year amounts to 35 per cent. On a $4,000 car, this is a decline of $1,400 in value. In the first two years, your depreciation loss would be about half of your purchase price. The longer a car is kept, the less the annual depreciation loss. The auto becomes uneconomical to retain when annual repair costs begin annual depreciation losses. If you do insist on using credit, shop around for terms, borrow as little as possible and pay off the loan By MICHAEL PERRY Deseret News Staff Writer Sy ALCOA ELKO, NEV. ticket item purchases, it might be irtied that the average buyer keeps refrigerators and ranges 16 years, living room rugs 14 years, washing machines and TV sets 11 years, clothes dryers 10 years and new cars 6 years. Make a serious attempt to reduce food costs without lowering your living standard. Make out a list before shopping; and stick to it. Half of food purchases in supermarkets are impulse buys, often items one could do without and which might be bought more economically if given some thought. Food bil's also mayvbe trimmed by buying in season, cutting down on convenience items, buying in quantity, checking brand prices and above all reading advertisements HmfSotioETi Busiimess Flourishes Lake Option Obtained Living With m Even though , tobacco com- panies have agreed to cease radio and television advertising by September 1970, the subcommittee of Sen. Frank E. Moss, hasnt finished its work. Moss, home for a series of said the Senate meetings, must now deal with the question of whether cigarette ads in magazines and newspapers should carry warnings. now Cigarette packages bear warnings that dgarette smoking may be hazardous to your health. Advertisements for cigarettes do not now include such but Moss has warnings, argued that the Federal Trade Commissions recent ruling in favor of adding these cautions to advertisements. The Supreme Court will probably decide the Issue," Moss said. The senator said the tobacco industry agreed to stop advertising on radio and TV, foreseeing severe restrictions on the horizon otherwise perhaps even bans on the sale of cigarettes. Cooler Day, d j Weekly Calendar Fun And Culture: j But Heat Will Return Slightly cooler temperatures were expected in Utah this afternoon, with highs mostly in the upper and 90s. By they 80s Sunday should warm up again, however, and the out look for Fair Monday is for more sunny, dry weather. Isolated evening thunderstorms will still be threatening the south portion, but otherwise no precipitation is expected. Salt Lake City had its 16th day of 90 or above temperatures Friday with a high of 93. There was a chance the string of hot days could be broken this afternoon. St George again was hot spot in tiie state Friday with a high of 106. Bryce Canyon had the low temperature of 51 this morning. I Music And Dance , ; Mormon TobenucK Choir CBS radio and TV broadcast In tha TabarnacTa, 9 .30 a m July 27; rehaarsal, 7 30 p m , July 31. Free. Naw York Chambar Soloists Brigham Young Unlvarslty da Jong CcnciFt 2B 1. 15 and 30, and Hall, Aug. pm., July Salt Laka Municipal Band Liberty Park bandstand, 7:30 p.m., July 27. t if. ; Theater "Getting Gertie' Garter" Lagoon Opera House, 130 p m July 26, and Aog. and 2. Weber State College Summer Theater Festivil "Stop the World, I Want ; to get Off," July 26 and 30, and Aug. 1, 4 and 9; "Tha Menaechmi," July 21 and 29, and Aug. 6 and 0; "Tha Electra," July 22, and Aug. 2, S and. 7 all pm., WSC Flnp Arts Center, Ogden. East, 1 30 p.m., July 26, and Aug. 1 "Guy and Dolls" Theater 136, and 2. Utah Shakespeare Festival College of Southern Utah outdoor amphitheater. Cedar City, ) 30 pm.; "Love's Labour's Lost," July 20 and 31; "A Midsummer Nights Dream," July 26 end 29, and Aug 1; "Othello," July 30, and Aug.-2- ? University at Utah Afternoon Players Babcock Theater of Pioneer Memorial Theater: "Alice in Wonderland," 2 p.m, July 20 and 31; "Gammer Gurton's Needle." 2 pm. July 29 and Aug. 1; "Tom Sawyer," 1 p.m., July 30. Old Lyric Repertory Company Utah State University Players, Lyric Thgatir, downtown Logan, 0.30 p.m.: "Ring Around tha Moon," July 26; "Servanirof Two Masters," July 31 and Aug. 2; "Poor of London," Aug. 1. "Cot and tha Canary" Silver Wheel Theater, Park City, I p.m., July 16, , pnd Aug. 1 and 2. i "Dastardly Deads of Desmond Dorkhaart" Golden Spike Playhouse, Bfi ham City, I p.m., July 26, Aug. 1 and 2. 1 Other Events Timpanogos Hike Program and bonfire In Aspen Grove amphitheater eve, ning of Aug. 1; hike begins at 6 a m. Aug. 2. Lagoon Patio Gardens Lead Zeppelin end Vanilla Fudge, 7 and 9.30 dj)iL 9 2. 30; Roe, Tommy July nm, Aug. "Promised Valley" LDS pioneer musical-play- . Temple View Theater! 50 North Mam, nightly except Sunday. 9 30 p.m. through July 31, then 9 p.m. beginning Aug. t. Free tickets at Temple Grounds Visitors Center, day of performance only ,i Campfirt Poetry Park City summer concert and lecture series program by Wanda Clayton Thomas, p m , July 27. Free. "The Black Cloud" Star Chamber program, Hansen Planetarium, 15 S. State, daily except Monday; Free admission to museum and exhibit hall. Golden Spike Promontory, 1 to 1:30 p.m. dally. Free. - $ MILLIONS $ Available for financing, refinancing real estate, shopping centers, apartment houses, business needs, farm and ranch loans, equipment financing and leasing. Write or Call FINANCIAL FUNDING, P.O. BOX 2406, Salt Lake City, Utah 84110. Ph. 487-239- r X CLASSES FOR SECURITY SALESMEN To qualify and NASD for Utah State, Securities Test Classes July 28, 29, 30 and 31 Rocm 308 Boston Bldg Ph. 359-438- 3 Classes conducted by ?b Jack Airsman Inst Former director of Utah Stahl Securities Commission - |