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Show u '1191111 V "' 9r - VWV H " " V V rvr W-w-- T 'T'.--r-- r rK' " CORNER ON COMMERCE wri Zambia Takes" LAS VEGAS, NEV. accepted, said an announcement Monday from Kerkorians office. The full extent of the shares acquired was still 1.325 million shares of MGM st $35 a share. The tender (UPI) Financier Kirk Kergorian acquired more than 22 per offer, made by Kerkorians wholly owned Tracy Investment Co., expired at midnight Aug. 8. It was not extended. Mr. Kerkorian expressed full satisfaction with the resets of the tender offer and noted that the number of shares received will result in all tenders and shares being cent of the stock in Metro-Golwyn - Mayer studios in a tender offer which the studio's management opposed, it was announced Monday. d Kerkorian, who owns two Las Vegas gambling resorts and is a 30 per cent owner of Western Airline,, acquired being reviewed. The financier, who has been running industrialist Howard Hughes a close financial race in acqu'ring southern Nevada property, said he would not comment on plans he might have for MGM. comment on that would be subject premature at this time, said Kerkorian. When the tender offar was made, a Kerkorian spokesman said it was purely for fiAny Mining Control SB 12, August Tuesday, 1969 - nancial investment There have been rumors for more than a year in this gambling resort that a major Hollywood studio was moving into the area. Kerkorians purchase of MGM only increased the rumors. Kerkorian extended the offer to buy one million shares of MGM stock on July 22, when the stock closed at about $27. Later the tender offer was expanded to 1.74 million shares. The management of MGM filed several court actions in an attempt to block the surprise maneuver by Kerkorian. Kerkorian failed receive .the number of shares he sought in his revised offer, It may be he obtained the working control he Although to sought. A final determination of the total number of shares tendered to Kerkorian will be not available until depository banks review all transmittal letters and guaranteed tenders have been received from brokers. . Earnings Up For Kennebec's Spas $1,164,639 for of 1968. Kennebec Consolidated Mining Co., operators of the Euro- pean Health Spas across the country, has reported an increase in earnings for the seven months ending April 30. earnings were compared with the same period in Robert L. Rice, were president. Revenues with $8,938,894. compared $5,760,442, and per share earnings were 14.3 cents compared with 10.7 cents. After-ta- x $1,222,553, $847,236 for 1968, said Rice said he projected earnings for the year of at least $1.8 million, compared with Kennebec has headquarters in Salt Lake City and operates 54 health spas throughout the U.S. It has not been involved in mining ventures since Its acquisition by the Spa Interests about a year ago. said the company Rice plans to add a minimum of six new health spas a year in the country. Moreover, there is a possibility of additional profitable mergers on a pooling of interest basis. The has five company health spas under construction now at various sites in the country. S.L.-HAW- Dillon, who received an MBA from Harvard Graduate School this past June, will assist in the acquisition of new business and will consult on state. Kaunda held no the companies, Anglo American Corp., Central Africa Limited and Roan Selection Trust Limited, if they refused, he made it quite clear he did not envisage a refusal. Kaunda said this change met the demands of the min-in- g companies "100 per cent that the royalty system be changed and related to the of individual profitability mines. Although threat over Buys Helicopter Key Aviation, one of the Intermountain Wests pioneers In helicopter usage, announced this week the service of a second The Salt Lake City agency of New England Mutual Life Insurance Co. will soon employ one of the electronics United Air Lines has asked the Civil Aeronautics k Board for permission to introduce new coach fare between Hawaii and Salt Lake City. If authorized, the fare, which would apply Monday through Friday, will become effective Sept. 9. y coach fare between Under the proposal, the Salt Lake City and Honolulu-Hil- o would be reduced $14 to off-pea- advanced systems in its most industrys audio-visu- al agent training program. one-wa- Electronic Video Recording (EVR) is a devise which $138. plays back management problems. tape into any television set after just one wire is connected to the sets according to audio-visu- al anten-terminal- s, AJAX PRESSES BORN plus $1.79 Fed. Ex. Tax, sire 6.50 x 13 tubeless GUARANTEED ADJUSTMENT Generals Performance Guarantee is baaed on your eriinel coat oApinst Blowouts Aismt Inina Breaks eAnst Workmanship N Pin state endor local taxaa. Priced aa shown at General Tire stores. Competitively priced at General Tire dealers displaying the General sin. limit hfalit on Agutst Cuts Against Pynctunt Mettriil Defects Agaifat n aw aw Carnal u rain V Mf. rc Wilt tuber reteer tttfMtt cherts tr retiKt It with ww Gteel tkt tl Me 'unity at a prct test tw the ttrthMir'a cm! at the rwwrtted tire (attar detuetmt tuta-tautwanm er ttKownt in ttata tM Iteel Urn) tauivaiMt ta the percentage ft tread depth vied, ptos state and tecsl tarn. Defects CISHWS must he avhMmed ta Tire Oeaiar er Stare with the No Limit on Months MW MIX SMTVMK Honored by VIA Generel Ttae ew Surviving the depression years, the infant firm moved steadily ahead and acquired a larger plant in 1935. Louis Strikes sons eventually took over the company and devell, oped several new, and highly-successfu- product lines. In 1956, the entire Ajax operation, through a series of transactions, was acquired by McGraw-Edisoone of the largest manufacturers of elec- trical products. Ajaxs new $2 million, ft plant i3 a far cry from the old garage and in q. Dr. Loren E. Morey, for the past four years manager of dicates the rapid growth this Salt Lake firm is experiencing. Currently, Ajax produces more than fifty per cent of the laundry presses on the American market, and foreign exports account for thirty-fiv- e per cent of the Ajax productions. Recently, the employees and company won the Presidents E flag for their outstanding contributions to the American Export Expansion program. advanced programs, Chemical Propulsion Divison, Hercules, Inc., has been appointed manager of advanced programs at the companys Bacchus Works near Salt Lake City. Mountain Fuel Supply Co. today boosted its dividend to 45 cents a share from its former level of 42 cents a share. Cenaral perchaair's Deelere and Stone eerese the netton. (Hsjgshsi orfi2 THE FORD DRAG TEAM WILL HOLD A PERFORMANCE-SAFET- Front End Alignment ut mountain West. Key Aviation was the first to receive the Hughes jet helicopters and will be using them to fulfill government and local business contracts in the intermountain area. Raymond S. Volkman, general agent in charge of the companys Salt Lake City agency. New England Life is one of the first insurance companies to adopt EVR, which is being marketed in this country, by the CBS Electronic Video Recording Division. The insurer has reached an agreement with CBS and Motorola, Inc., the EVR player licenseer'to supply a total of 125 of the devices through 1970, with call on 25 more. Morey was relieved of the home office assignment in Del. This is Wilmington, Moreys second assignment to Bacchus. He first was reassigned to the home office in 1965, he was serving as manager of advanced studies and proposals. The company's directors said the new dividend would be paid Sept. 15 to shareholders of record Aug. 22. This is the first increase since the second quarter of 1965. It will also be the companys 99th consecutive dividend since its organization in 1935. SPECIAL Our specialists correct caster, camber, toe-i- n, toe-oand inspect and adjust steering. owned MFS Boosts Dividend avthonnd eriinal the largest locally and operated jet helicopter service in the InterAviation Hercules Names Manager A Man With An Idea Forty years ago Louis Find Strike had an idea: out what tha market place needs and build it. He built a laundry press, by hand, in his garage and Salt Lake Citys Ajax Presses was born. Nearly 500 employees and officers marked the companys 40th anniversary at an awards banquet earlier this month. te Electronics In Insurance FARE AII Manager I do not think the nation ran achieve economic without acquiring full control of the existing mines, he said. Perpetual rights to operate existing and new mines will be replaced by leases. A new mineral tax at 51 per cent of gross profits before taxation will replace the old mineral royalties and export tax which ran at something like 44 per cent of gross prof-it- s. a Hughes 500 helicopter, Model. The addition of the Hughes jet helicopter now makes Key UNITED ASKS LOWER Name Safes John F. Dillon has been appointed sales manager of Climate Control, Inc. the same period Zambian LUSAKA (AP) Kaunda Kenneth President intenhis announced Monday of the control take to tion countrys vast copper mining industry. Kaunda told the National Council of his ruling United National Independence party here: I am asking the owners of the mines to give 51 per cent of their shares to the Y SEMINAR 47 West 6th South THURSDAY, AUGUST 14th 7:30 P.M. Front VhacI Balance Our specialists precision balance both front wheels, dynamically and statically. Blue Cross President Robert L. Johnson, Chicago, has been named president of Blue Cross and Blue Shield Plans for Utah. He is cursenior rently vice president in charge of administrativ e services for the Blue Cress Association in and Chicago will come to Utah in Sep- tember. was announcement The made jointly by Lewis G. Her-sepresident; Gene Donovan, chairman of the Blue Cross Board of Trustees, and Wallace S. Brooke, M.D., chairman of the Blue Shield Board of Directors. Johnson, a native of Detroit, first became associated with Blue Cross and Blue Shield in 1954 as a member of the ServicO Hospital Michigan and Michigan Medical Service. ;; y, f Front Wheels Packed Experts grease and repack front wheel bearings. THE PUBLIC IS INVITED Only mout American cars , i'l iivY.i j. N"ssS.S O' 'rotate tires for JATO GOLF BALLS SUPER-10- 0 MAXIMUM MILEAGE Duralon cover for e life long, e Energized PB center gives great distance winding 3 I33 TIRE Jj OPEN Tire rotation assures even tread wear and longer mileage. Experts safety-chec- k for cuts, bruises, Imbedded foreign objects. DOOR PRIZES REFRESHMENTS! GENERAL TIRE SERVICE GENERAL MONDAY-SATURDA- 1383 S. 2nd West, Salt Lake City 1 Block Off 13th South Y MEMBER AUTO INDUSTRIES 7:30 o.m. A it cut-fre- 46S-8S- 46 Freeway Exit - (:00 p.m. SEE ED TERRY & RICHARD WOOD DRIVE THEIR FORDS IN COMPETITION BONNEVILLE RACEWAY FRIDAY & SATURDAY the 'Ul Lunch & Dinner , . j Superb Seafood end Steek Ff st, Courttout Service iCicUm&I BUS i MS So Bountiful, lli.m 10 9 SttWtit 2164 Cloud Sufl. 2SS t) HIGHWAY SAFETY COMMITTEE ik T |