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Show na promic of the world thought was lacking in the days of Charles de devalued French money. They werent willing to pay 20 cents for a franc. big pay Increases, something they had been denied for years pieviously. The reality was, that despite the official value of the was recognition of a reality, a franc as stated by the French ' of government, speculators and bowing to the course events, something that much currency traders already had The weakness in the French financial situation was evident as long ago as May 1968, when workers and students rioted and the workers won Many experts predicted then that France couldnt absorb such increases in the costs of its goods that inevitably French goods would become too expensive to compete in world markets. Especially when Germany was so By JOHN CUNNIFF AP Business Analyst 4 f - Gaulle. Fran- NEW YORK (UPI) devaluation of the franc ces OrapoDD S BiX'QG MGiaQAOO OFFER GOOD TO THE FIRST 13 PERSONS WHO CALL f ;r4 This appraisal of Frontiers need for immediate financial relief was made by E. Paul Burke, the lines president, before members of the Gvil Aeronautics Board (CAB) in They f , I ' 'J '' ... r J Negotiations between Air West and Hughes began more than a year ago. to our now f 11 v ' -- I i P T M a day move off this assembly line at S.L Cabinet and Fixture, Automation has come to one Utahs oldest woodworking ' firms. Marking Its 60th year of business, Salt Lake Cabinet and Fixture Co., 133 S. West Temple, is operating a large conveyor assembly line starting with a machine which automatically squares and glues together cabinet components. Over 90 employees work along the 300-f- t. assembly line sanding the cabinets, placing drawers in the cabinets, adding metal hardware and spraying the finished products with a fine lacquer. This combination of tha latest in precision woodworking machinery with traditionenables us to al hand-skill- s produce in volume while retaining the highest standards- of quality, Percy Fet-ze- r, president of toe firm said. The operations moderniza- of Monday, August 11, 1969 10B tion is toe result of an order for more than 3,000 cabinets for a new Life Science Building at Brigham Young cabinet The automatic press machine squares and glues together components of two cabinets every five minutes. The machine can join desks, cabinets or similar -equipment up to feet It' holds the glued joints under 30 pounds of air pressure until they are securely 0 fastened. this Producing large number of cabinets is an interesting project because of toe tremendous quantity of parts such as sides, tops, bottoms, shelves and braces which much be cut, fitted and joined, Fetzer said. Founded in 1909 by Kasper J. Fetzer, 'a German immigrant, toe firm is now headed by his two sons, Percy and John K., vice president and general manager. .... Insurance Agents New officers lead the Utah Association of Independent Insurance Agents for the fiscal Mr. Hadley There have been reports recently that Hughes may have had second thoughts about the purchase because of the deficiency existing on June 30. Wins Route A new jet route between Worth and Las via Albuquerque was Vegas awarded Frontier Airlines by the Ovil Aeronautics Board. The award, announced by E. Paul Burke, president of Dallas-F- t the carrier, came as a conclusion to toe Albuquerque serv- Mr. Weinert U.P. Promotes i Continued of Railroads expansion Pacific industrial development ties in the Intermounta i n activi- area was in reflected changes an- nounced today by John W. Godfrey, Omaha, chief executive officer of the railroads land division. year. Elected at the fiftieth annual convention at Park Gty were: Charles L. Archer, Salt Lake Gty, a partner in the Archer-Ackerlin- Insurance d president; Stewart Radmail, Ogden, of Buckner Insurance Counselors, Inc., vice president; Don Bradshaw, Salt Lake Gly, of the American ' Insurance and Investment Co., treasurer; and Lyle Gaskill, Ogden, of GaskUl Insurance Agency, state national director. Archer has served as director and treasurer of toe state association and a director of toe Salt Lake Gty chapter. He is a veteran of toe in-- s n r a n c e business, having started in 1947. Agency, Personnel Union . 1'- Ck - I ar Charles L. Archer . . . insurance partner - ice investigation. at Mr. Roberts He announce ed that Ronald L Roberts has been appointed assistant to the director of land and industrial development at Salt Lake Gty and that Dale R. Hadley has been named industrial agent at Boise to head a industrial development office there. He also announced the promotion of George J. Weinert, industrial agent in Salt Lake City, to toe position of indus- tidal agent at Portland, Ore. Phone Company Sets Expanison GROUSE CREEK (AP) -The telephone company now has competition from The Telephone Company. The Telephone Co. Inc., is toe new corporate npme of Silver Beehive Telephone Co. The firm serves about 60 customers in remote Northwestern Utah. d XftVOlKSWAGRI IHTIRf.'.OUNTAM Compute Farts, Salts ,s Infem'dl 3711 So. State Xuf 'W ' ... ( s iv V ft Ninety cabinets The Gvil Aeronautics Board approved the tentative arrangements July 22. White House approval also would be necessary. The directors believe that arrangements can be made to cut the deficiency but no assurance to that effect can be given at this time. W,.r I Frontier has attempted to live with the present grossly inadequate subsidy formula over a period of more than 18 months. Recent developments, including sharply increased operating costs and declining traffic levels, have placed the company in a position where it can no longer support such losses, he continued. Burke emphasized that Frontiers long haul, high density jet services are operating at a small profit despite inflation. These profits are not sufficient, however, to offset reductions in subsidy payments which help to support service to smaller communities. Air West directors, meeting here in special session, said they were advised by a letter dated Aug. 4 that Hughes intends to honor its commitand expects Air ments West to do the same. ...... SAi. '',s s' i ' $16 million deficiency. f - r v' RECENT CHANGES SAN FRANCISCO (AP) -Air West said Friday that it expects Hughes Tool Co. to complete the purchase of the airline, if the line makes up a locution t Servlet - PL 262-640- 1 I EXCLUSIVE Depends . . . on How You AILEftS&rc&RS' federal heights, ON Ml WESTS NEW Look Without It GET JVOTI SUPER BC-9- 's LEGKCOM TE4AN ON ANY OTHER ATRUNE IN THE UNITED STATES. CAN YOU AFFORD 75c PER VISIT TO HAVE A NEW, VIGOROUS, STRONGER, HEALTHIER BODY? THAT'S ALL ITTAKES! WE GUARANTEE RESULTS NO MATTER WHAT YOUR BODY REQUIRES TO GET INTO GOOD PHYSICAL SHAPE. m OJW LOSS , We've Moved MOUMi 10 10 p.m. Daily - A f v y r Mb S, I r I i 'pf ', I f ? . tijfc.i Pointing to a more than $4 million net loss in the first six months of 1969, Burke said: The only alternative is suspension of service to some of Frontiers cities."' Most of the loss can be attributed, to the operation of costly daily service to small communities where the airline is little used, Burke added. In the past year, subsidy payments to Frontier have decreased over $1 million. Burke charged that the present . subsidy formula is based on 1966 operating costs which do not provide nearly enough subsidy to support the large volume of service which Frontier is required to provide over low passenger density. short haul routes. Hughes was said to have offered to buy the line for $22 a share, or about $96.4 million. 4 " $ Washington, D.C. NET fv Sr unless substantial additional subsidy is provided by the federal government. ... A A, Airlines cannot serve many of the Sale Of Air West Still On Docket How You Look in Your Business .WC - i Zm.A8G4357GG Suit V.5 continue to smaller communities were tiring of the old man, and by springtime De Gaulle has resigned over an unrelated issue. In the view of many observers of international monetary affairs, De Gaulles stance had been unrealistic. Although he, himself, might have had an iron will to endure a severe life in quest of a goal, other Frenchmen were not In making the devaluation the French announcement, government in effect conceded that these realities would have to be faced: First, that the franc already was being traded at a discount below its official value; second, that the fight to maintain the francs strength when francs were being cashed in was becoming unbearable. CJry 3 ... Frontier De Gaulle was urged to devalue in order once again to make francs attractive and to make French goods more competitively priced abroad. And in fad he was fully, expected to make such an announcemnt De Gaulle refused. He stood before an astonished world in late November ' and declared that the value of the franc would be maintained. How? By a return to austerity. French workers would be asked to work harder. It was a courageous stance, but it didnt work. Frenchmen had, seemingly, too much ot austerity, and now DeGaulle was ordering budget cuts and freeze. A;' -- !! y A .. In Subsidy that many currency investors believed the mark to be one of the safest currencies around. They felt it was undervalued. wage-pric- e K1- - i Adjoining France, Germany was enjoying a hardy economy. So strong was it in fad a rv-.- r v competitive. Closing Out Our f7irrF'ir7TiT-i,pmrjl Frontier Asks Hike lots available Owned O & Sold Exclusively By HOGLE SHY. CO. 322-- 1 7er 373 aaa Oatf praMrtpftaa r a PfOtfCT PlOUtr MS. t Saturday u dial 1033 P OR COME 484-87- 1 21st Soft FREE PARKING r J We call these newr So call your TVavel planes Space-ship- s. West or cost you extra. -tAir wont extra he Agent space 1 T |