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Show 1 .'4 t V fZ V' v w -- v 10 V V V D DESERET NEWS, Wednesday, August 6, 1969 CORNER ON COMMERCE V V- - f air Building - W The industry got the news July 30 that prices would be $6 to $8 a ton higher for most of the steel products it uses. DETROIT (AP) The 1970 models will hardly have gone on display before the cost of building autos takes three more fast jumps. ear t s, v V Cost oilrig Up, Up, Up V- - i Next comes a series hikes in labor costs. Industry sources who decline to le named view a inevitaprice increase as ble," with some forecasting $100 to $150 as the range. of current contracts Under with the United Auto Workers Union, a new fringe benefit is effective Oct. 1 for hourly rated workers at General Motors, Ford and Chrysler: The companies assume the cost of prescription drugs and refills beyond a charge of $2 each. This new fringe benefit, es- NEW ISSUE 300,000 Shares Capital Stock STANDARD PHARMACEUTICAL t t company-pai- - hospita- d COMPANY semi-privat- e A escalator, on which wages rLe or descend with the index of the Bureau of Labor Statistics, will add nine cents an hour on Oct. 27. Nuv. 24 an automatic annual improvement factor increase of three per cent takes effect. The current hourly straight-tim- e wage in Big Three factories is $3.83. the nine-cen- t increase and the three per cent annual improvement factor the straight-tim- e hourly wage will go to the final year of cur- $4.04 for three-yea- r contracts. (Par Value 10c Per Share) V 4 $1.00 Per Share OFFERING PRICE: i Drawing of Humble's S.S. Manhattan shows how Mans latest assault on the legendary Northwest Passage, ar. water route acmss the top of Canada, will begin Monday, when Humble. Oil Co.s S.S. Manhattan tanker begins its historic voyage. Described as a $30 million calculated risk by its financiers, the project is one of two alternatives for transporting an estimated two million barrels of oil a day from the northern regions to the United States. AX ALTERNATIVE The second alternative. a solicitation of an offer ta s This onnouncement i neither an offer to teli nor I buy any of there securities Copies of the Offering Circular moy be ob. tained from the Undersigned authorized agent for tale of shares. case the tanker In Standard Pharmaceutical Company co Alan Coombs 70 South 9th East Salt Lake City, Utah ? Telephone 322-090- al 60 cents per barrel. Not since an Englishman, John Cabot, attempted it in 1497, has there been a large-scal- e attempt to open the Passage, which connects the Atlantic and Pacific Oceans, to I this table was offered for sale in the Classified ads. Today two one with the table . . the other with families are happy . sea-goin- commercial vessels. g SPECIAL BOW The S. S. Manhattan, largest ship flying the U.S. flag, has a specially designed bow which moves up and over the ice, causing it to break through. After the ship leaves the CASHI west west it will Passage) and continue into the Bering Sea. Plans call for it to return to the East Coast this fall with a symbolic barrel of Prudhoe Bay crude oil.. Benefits of an open Polar sea route include increased United States break through ice. Philadelphia, Pa., shipyards, it will sail to Prudhoe Bay, conduct tests in the Parry Channel (the actual North - AnaNEW YORK (UPI) conda Co. Tuesday announced a 24 per cent reduction in the quarterly dividend rate to conserve funds for future of its domestic expansion operations and ore reserves. The company which recently consented to sell the bulk of its copper operations in Chile to the Chilean government, also reported higher profits for the second quarter and first half of 1968, reflecting in large part the effects of the 1967-6- 8 copper strike on its domestic operations in the early months of 1968. The board trimmed the quarterly dividend to 47.5 cents from 62.5 cents per with a share, beginning payout Sept. 16 to holders of record Sept. 5.. C. Jay Parkinson, president, - two loads at latter price choice mixed good and lb utilchoice good few ity and commercial cows canner high dressing utility comand and cutter utility mercial bulls 100. Spring lambs staughter Sheep lot small choice and good steady; lb b.r-- , 31.00; Idaho, Utah, eastern Nevada feedlot and range sales: weekend trade fairly achigher; slaughter steers slaughter heifers steady to 50 higher; report continued good inquiry for choice steers; feeder catile about steady; other classes unstested; slaughter steers 1030; choice 1,150 lb yield grades mostly 3 30.50 lb yeiid grades choice 400 head at 30.00; load qood and mostly choice 1,100 lb 99.50; lb slaughter heifers 315; choice 28.00-2- 8 50; all slaughter yield grades 5 cattle f.o.b. feedlots, percent shrink, immediate to delWerv, feeder cattle 1610 for immediate delivery; choice steers and few Prime near 50 cents (alter price delivered freight included, choice 625 lb heifers 2775; couple loads mostly good 900 lb Holsteins feeders f.o.b. weighing point, equivalent 4 percent shrink; sheep confirmed 200: choice and mostlv fancy selected whiteface yearling ewes 37.00 per head immediate delivery. ac- celerate its exploration activities to boost its ore reserves and that it has important properties in Montana available for immediate development. One is in the Heddles-to- n District north of Helena and the other is irt the Stillwater District near Nye. Anacondas second quarter profits rose to $32,605,000, or from per share, 67 cents or per 1968 period. First were $58,431,000, half profits or $2.67 per share, in $31,432,000, or $1.44 Midwest, Inc., in Chicago. will and per share, 1969 in 1968. A dividend of 27j4 cents attributed He the six-- ., months increase in earnings ' to the higher rates for natural. gas service in Utah which went into effect on Sept. 1, 1968. He joined Standard Oil Division of American Oil in 1966 as an analyst in the Billings sales district, became a mar-k- ' et representative at Denvety' and in 1968 was made an ' account executive with Tempo at Salt Lake City. TeleMation Midwest TeleMation liates. share in the Tempo Designs, Inc., producer of map guides and subsidiary of American Oil Co., and will headquarter in Salt Lake City. City, television manufacturer, today announced the formation of a new corporation, TeleMation I n c., Midwest, which will have headquarters said the company plans to combine the orderly reduction of its participation in Chilean substantial operations with diversification and expansion of domestic and foreign affi- $1.49 $14,746,000, Robert L. Tou'nsend, Ogden, Utah, has been apointed regional field sales1 manager of Lyle O. Keys, president and general manager of the firm, also announced for plans opening an eastern regional office to represent the compaUnited ny in the States. north-easter- n r Boyles Promotions Two new corporate positions involving finance, safety and customer relations have been created by Boyles Bros. Drilling Co., it was announced today by Ira K. Hearn, president. William C. Allen, Jr., former director of budget planning and control, becomes director of finance, and Richard F. Durfee, former manag-e- r of special assumes the position projects, of direc-- Mr. Allen tor of , Mr. Durfee safety and customer relations. S&L's Reach High at Utahs insured savings, and loan reached an e high during the first six months of 1969 despite tight money, reported Gerald R. Christensen, president Savings Safeway Dividend Livestock Hoss 80; OGDEN rows and gilts steady to strong o nsmall lb couple lots test; sows scarce. 177199 lb ' Sheep: 405; slaughter lambs steady to 25 tower on small test; feeders irregular, higher; ewes steady, some higher; slaughter spring lambs, choice, lb slaughter few prime feederambs ewes, cull to good lb small lots choice and fancy in mostly some including flesh packat choice slaughter age choice near 65 lb 24.10; small lots choice and fancy ewe lambs for replacement purposes In oil; a U.S. flag tanker fleet several times its jresent size; added U.S. capability to come to the aid of Western allies in a fuel emergency; opening of other mineral resources of northern Alaska and Canada; and many other known advantages. He said Anaconda He explained that the difference in the number of shares outstanding is accounted for' by an issue of 42,544 shares of. ' capital stock made by Moun- tain Fuel on June 14, 1968 to . Wasatch Chemical Co., Salt . . Lake, in exchange for stock that company. Regional Manager Anaconda Trims Dividend Rate method proves inoperable, would be to construct a pipeline from Alaska to the East Coast. Company officials estimate the cost of shipping the oil by pipeline would be an addition- Just Recently were 1969 or $1.86 a share on shares outstanding, compared with earnings of $3,141,356, or $1.30 a share on 2,411,450 average number of shares for the same period in 1968, Fidlar said. Ship Will Seek Oil Route On V i months of $4,542,459, 2,450,320 g rent (A Utah Corporation) A 19 insur- surgical ance plan good for up to 365 accomdays of modations for an employe and l-medical With NEW ISSUE a on top of Mountain Fuel Supply Co. showed a marked Increase in earnings for the first sL months of compared with the same period a year ago. it was reported Tuesday by M. M. Fidlar, president. Earnings for the first six his dependents. timated to cost a cent and a half hourly per worker, goes !' Mountain Fuel Earnings Gain per share payable on Sept. 30, 1969, was declared today by the board of directors of Safeway Stores, Inc. of the Utah Savings and Loan r League. 'zr Although increasing atra much slower rate than in 1968, $6,325,237 savings increased for a total of $373,767,221- - in Utah offices. Skyline Drilling Projects Skyline Oil Co., Salt Lake City independent, currently is conducting two exploratory oil well drilling projects, one in Wyoming and the other in Utah. The company has com. menced drilling of the Crazy Woman in Johnson Count),?' Wyo., and is a participant in ' operations on the Bull Frog? : well in Garfield County, Utah. , tive; You invent the cargo.. Well invent the car. OMAHA Why don't you check around? You might find a valuable article that you're not using and get CASH for it. It may be a fine drop leaf table like this, or any one of hundreds of other articles. If you nood Quittance in proparing your od, coll the classified odvortising deportment of. this newspaper, your direct lino to results. This Classified Ad Got Results. (Most of them do) 521-35- 35 6.010; steers Cattle (AP) to 25 higher with some sales on and prime as much as '50 hqher; heifers fu'vl steady, instances 25 higher and high choice and prime; cows steady to 25 hioher; other classes fully steady, slaughter heifers high choice and lb prime utility and commercial cows 21 bulls, utility, 50. commercial and good 24.50-2lambs steady; 800, slaughter Sheep xiarohter ewes steady; spring slaughter lambs choice some lots with end prime 4109 th 28 75. shorn spring slough-te- r lambs choice with end prime 96 lb no horn pelts staughter ewes cull to good 7.C0-- 75. 7.000: barrows and giis steady Hqs to 2S higher, instances higher on Welch's over 240 tb; tb 27. 00-- 77.25. sows fully 25 higher; ed'' lb Jil Say Charge If," fhaf'l al II SPORTSCRAFT boat. V V beam. Approval Coast Guard equipment. registration. Johnson electromatie 40 H. P. motor. Must bo scan to appreciate. Firm $795: Lota of extras. Phono Daily I a.m. to 5 p.m. Saturdry a.m. ta 1 p.m. Sunday 9 a.m. to noon S f Advertiser reported five coils in Just one hour and sold the boot on the second day. Classified is really the boat market place. I boars I 19.rn.20 00. Tradino on modrativ active? on steady to SO lower: decline main choice and better; slauohter heifers fairly active: steady to 25 lower; cows lb and buMs steav: prime 50: several loads slauohter steers 33 at latter price: hioh choice and orime 1.100-400 !h 32 00; choice 9501.350 lb 30 mixed good and choice "0 75: good '8P''-30fl; standard and low good 26 hiqh choice and heifers 30.25- lb slaughter prime 'i,-iht-er - 25. ih 217S.T5.75; 5n.P7,500. Calves Cattle - j CHICAGO Livestock; Hoos 3 000- Barrows and oilts steady to tb1 fairlv active: No 27.75-700; No lb No over lb weights 250 lb scarce; packaoe No 3 270 lb 26.25; nackape No 70 lb 25 50; sows steady tn 25 higher; active; lead No 315 lb 2 00: No Ur lb ?4.25-4.7lb 50: Nn lb 23.75-2No lb 22.50-3.273X23.75 No 1965 Hours: 24.00-2- - I steers none. ' - K at the right time. Cars with special racks The shipper plans the fleet on the Action e for auto parts. Cars with doors Read. Fleet planning on the Grande in and mechanical for Research needs. the unloading. loading shippers parallels Covered hoppers for dry bulk materials. modern materials handling methods has And more. For line on our into service specially put on containers wheels, equipment innovations that can designed to help cut your engineered give your special cargo distribution costs, t, damage-fre- e transportation. But having the cars you need wont do ship the Action Road, if the whole job. Where the Action Road lively link east between in the is with scores logistics really shippers thSTiCTION road and far west. having the right cars in the right place extra-wid- low-cos- UrOnfj& Call tne Rio Grande Action Man In your Thia i til. DENVER & RIO GRANDE WESTERN RAIL ROAD one of a series of sds running In national publications In color to bring new busineu to the economy ot Colorado and Ut!k A V I -- w v- 4 .- -. |