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Show mpr PiTOVIl By STAN BENJAMIN Associated Press Writer WASHINGTON (AP)-Sec- uriiy said has a cost, the U S. petroleum experts, troleum experts. Of course somebody had to go and ask how much. In 130 pages, reluctantly made public last week, the Interior Department tried to a answer that question dozen different ways for a task force presidential the struggling to of U.S. oil complexities import policy. Now the task force will have to unravel the Interior esi mates as well. John Ricca, deputy director of Interior's Office of Oil and Gas, told the task force the unravel came analyses straight our from the experts and are editors professional blameless for any lack of clarity.' Oil Import policy is an area where national big ity, business public interest 6C secur- the and intertwine and often collide. But its basic elements are clear enough: Foreign oil than is cheaper oil in the United Image Themes Industrial Meet States market. Interiors experts estimated that in a oil free market foreign would drive about half of Mercedes Tests Rotary Piston Car U.S. production out of competition. At the same time, the national economy and defense on a heavily depends reliable supply of oil. Foreign supplies might be interrupted by international tensions such as the 1967 mid-Eawar. 1959 the United Since nid of o You Clost Corporotion. For Inform-t- oi on how to buy th kty xcu tivo'i stock through fift iniuronc. Wt'Tt CAU, fSJJl Kiitii visit MEL . RIDGES, C.L.U. iEJ :f 4iH Floer 405 Sovh Mein ciled. 322-054- 1 tod NEW CAR LOANS NATIONAL. SANK )Put 4(6-210- Banksr Is Your Family Highland Driva A 1 Could you be a stockbroker with DeanWitter & Co.7. Saturday, October 4, were conducting a seminar about you-a- nd about your possible career in the securities industry. Account Executive openings for college graduates are available at the Salt Lake City office of Dean Witter & Co. at 15 East First South. Representatives will conduct a seminar at 10 a.m. at the Salt Lake City office. A movie will be shown, tui aptitude test given, and an informative discussion about the investment business held. Were interested in mature men with executive ability! Evidence of such ability may be: advanced degree in business, four or more years management experience in a major corporation, or a superior sales record of sophisticated products and concepts. You must also have satisfied your military obligation. Acceptance standards are high... because those selected will be representing one of the leading brokerage firms in the country. You will enter our Account Executive Program ... an extensive course that prepares j ou as an investment specialist, eaoable of maintaining the highest standards of service to our clients. Dean Witter spends thousands of dollars on this training, which gives you the foundation for an unlimited future. Heres how it looks: Your earning potential is limited only by your ability. (Within five years, the average Dean Witter Account Executive is earning at a level which places him in the top 2 income bracket for all incomes.) Guaranteed salary during training. The prestige of working in one of Americas most exciting growth industries. The significance of helping hundreds of people detenm.ie their financial future. Outstanding support sendees. ..including a recognized aggressive advertising icscarch department... latest electronic equipment . . . membciship in principal securities and commodity exchanges... and much more. If such an opportunity appeals to you, come in to the Dear Witter Salt Lake City office at 10 a.m. Saturday, October 4. If you are unable to attend the seminar, write and send a copy of your resume to: Mr. Calvin P. Gaddis, Vice President, Dean Witter & Co. Incorporated, 15 East First South, Salt Lake City, UT 84111. ... Dean Witter r Co, INCORPORATED Member New York w.ock Exchange The Interior Department, last July 15, offered its opinion that security and savings simply could not be reconthe Bluntly," it said, United States is not endowed with sufficient petroleum resources, producible at low enough cost, to compete in world markets and at the same time assure adequate secure supplies . . . Security has a cost. By 1975, the report said, this deliberate preference for domestic oil would be consumers U.S. costing about $2.2 billion a year, by 1980 the extra cost would be $3.5 billion a year. The report failed to show how this stacked up against the cost of any other ways of assuring an oil supply for emergencies. On Sept. 19, Interior experts sent over a series of studies comparing costs of alternative problems. The papers were released to newsmen last Tuesday, then withdrawn and stamped Confidential,' and after protests, finally were released again Wednesday night. ll five-spee- er d BOISE (UPI) SeUing Idaho as something other than that cold state was the general theme running through a meeting of Idaho and Utah industrial Requests Firm Estimates Reserves Antitrusts Fine Hike On Alaskan Oil Property NEW YORK (AP) Corp. says -WASHINGTON (UPI) The Justice Department Monday asked Coogiess to increase the maximum fine for corporations convicted of violation of federal antitrust laws from the present trivial $50,000 to $500,000. Atty. Gen John N. Mitchell wrote House and Senate leaders a $50,000 fine is too small sometimes to deter violations. The additional profits available through prolonged violation of the law can far exceed the penalty which may Mitchell said. be imposed, under the Most violations Sherman Antitrust Act concern agreement made to restrain trade, such as price fixing; for monopolizing trade, or boycotting. The $50,000 statutory maximum makes fines in criminal antitrust cases trivial for major corporate defendants, its - BP Oil original 96,000-acr- e tract on Alaskas North Slope is estimated to contain 4.8 billion barrels of oil, which would make it one of the biggest petroleum finds. BP, the U.S. subsidiary of British Petroleum Co., said the estimate was made by the firm of De Golyer and of Houston, Tex., on the basis of information from eight wells drilled on BPs property in the Prudhoe Bay area. It was the first report on Alaskan oil reserves made public by an oil company. DeGolyer and MacNaughton earlier had estimated tnat the entire North Slope contained 50 to 10 billion barrels of oil. Standard Oil Co. of Ohio said in Cleveland Sunday that the estimate of BPs reserves more than satisfies the conditions regarding requisite reserves in connection with the proposed merger of BP and Standard of Ohio. another development, rePhillips Petroleum Co ported on eight exploratory wells drilled on the North In with Slope in association Mobil Oil Corp. and Standard Oil Co. of California. Five of the eight exploratory wells are indicated to be capable of producing oil from the main pay sand pf the Prudhoe Bay field at depths of around 9,000 feet, said W. W. Keeler, chairman of Phillips, and another appears to have possibilities in several sands. oil producing de- - tmilliilltlliimnilllifiiin and plant locators vlopers in Boise imports and relied mainly DO YOU KNOW? C-l- two-seat- . on domestic oil, forcing consumers to pay the price difference to stimulate development of a national petroleum supply. President Nixon appointed the Cabinet task force to review this policy. - research and development sports car being tested by Mercedes-Ben- z features a rotary piston engine and a top speed of 162 miles per hour. The fiberglass-bodie- d has a transaxle with a limited-sli- p endifferential to transfer the 330 horsepower from midships-mounte- d gine to rear wheels. Gullwing doors improve access. The States has resticted j con stay on th September 30, 196? Tuesday, Vrnr On Mon- - Commerce work- Th shop( hosted iiiiiiiiiiiiiiminnmiiinu by K. C. Baird, area development director fo Intermoun-tai- n Cas Co., proposed to get diversified opinions on goals and resources from professional industrial developers and the Department of Commerce and Development Gov. Don Samuelsou briefly outlined a program planned to light a fire in dollar growth for the Gem State. Relating his findings from his last governors session in Denver, Colo., Samuelson expressed the thought that the country depends on Idaho industry and raw resources, though the other states seem to have been taking us for granted but no more. Idaho is ahead of Utah and other states in percentage of personal income for manufac-- t u r i n g, c 1 a i med Omon Brown, Salt Lake City, vice president of markebng .for First Security Bank of Idaho. Development Loans To Salt Lake Loans totaling $553,800 to fi- nance real estate development in the Salt Lake City metropolitan area were disbursed during the first eight months of 1969 by the western home office of the Prudential Insurance Company, it was re ported Monday by John' E. Edwards, the firms Utah , investment manager. Of that total, $28,800 was loaned to finance residential as properties and $525,000 for commercial and industrial projects. Pollution To Be Discussed Dr. Grant S. Winn, a Utah State Division of Health official will be one of the participants in a regional meeting of die National Petroleum Refiners Association which will Winn, chief of the divisions air quality section, will participate in a panel discussion on state air pollution laws and cunvene in this week. Rocky Billings, Mont., at standards the Mountain NPRAs regional meeting, Thursday. Declare Dividend - Mutual Funds Monday's QuotatiMS NEW YORK (UPI) Following Is a Ihtot bid and asked prlcoa on Mutual Funds a quoted bv tbo NASD Inc. Aid Asked Bid Askaa Bid Asked Bid Asknd The DENVER, COLO. board of directors of Husky Oil Monday declared a divi- - Livestock dend of 15 cents (Canadian funds) per share on the com- common shares. The dividend is payable on Nov, 28 to shareholders of record Oct. 31. Husky shares are traded on the American, Toronto, llv-Montreal and Amsterdam stock exchanges. strong to panys 11 83 12 93 4 76 5 18 Planned 6 18 6 77 IDSPr 2 34 2 58 Downt Aberdn 1040 11 JO Price TR 25 00 25 00 16 31 16 31 Mut Drexel 7 42 t.11 Adv Fd 10 81 10 81 13 1414 40 20 28 22 04 Pro Fd Stock Mitchell said. 7.71 141 Dreyfus Atfil Fd CHICAGO (UPI) 9 (USDA) 8 93 9 61 Providt 4.65 5K Select A Future 10 77 10.77 Dryfs Lv 12.5713.78 tock: 71 01 Puirtan 8 86 10.78 8 Var A EATON Pay His proposal would make no Alpha 11.1413.05 5 02 5 49 PUTNAM Inv HOWARD: Res Barrow 3)500. and 5 94 49 Ho9$ gilt Amcap 10 65 11 54 Istel Fd 22 57 23.27 FUNDS: Bat 25 3 24 3.50 change in the present maxi- Am BUS fairly active; No 12 205230 lb 10 63 11 62 15.01 16 40 Equity 12 90 14 10 I vest Am Div 10 34 11.30 Grwth mum punishment of a $5,000 Am 78 Geo 14.27 15 60 8.78 6 05 6 61 IvyFd Income 10 09 . . Ex 11 47 27 8 8 12 99 54 11 Grth Hanck Fd J 04 0212 4 22 4 74 Spec 0 N03-- t lb J5J545 75; tow jteady Am Grth line, imprisonment up to one Am 1.58 21.58 Inc 111 194 to 25 higher; Stock Fd 14 54 15 89 Jhnstn 0 30 1 38 FRANCISCO (UPI) Inv fairly active; No 13 325400 7.37 8 05 Jb Inv 13 4114.66 KEYSTONE: 9 30 10.14 Eberst 4 Mut 23 3 50; No 13 400500 lb 22 75; year or both for individuals Am 18 B1 19 75 10 92 Toledo Mining Co. of Salt Vista 53 Cust 13 3414.50 5511 Egret 0 3 Am Nat 22 No lb boars 8 69 9 50 8 15 8.91 Cust B2 20 04 21 87 Goyg convicted of criminal viola- Am Pac 7.41 132 Emerg 20 0020.75. Lake City and San Francisco 9 29 10.14 Rep Tech 5 08 5 55 13.10 13.10 Cust B4 Energy ANCHOR Cattle 800. Calves none. Trading on tions. 13 93 15 22 Cust K1 788 8 60 Revere Ent Fd GROUP: Monday announced th? suc5 38 5 08 Rose LM 7 70 8.42 slaughter steers and heifers moderately K2 Cust 9,94 09 9 Fnd Equity Cap 15 64 17.12 active; steady; cows and bulls steady; Cust SI 17.98 19.61 Schustr cessful completion of a new Fnd Inv i 87 10 82 Eqt Gr loads choice and high couple Cust $2 1U1 1112 SCUDDER FDS prime 12 9014 14 Essex Grwth lb slaughter steers Cust $3 8 44 9 22 Int Inv 15.58 15.83 gas well in the Trail Canyon 8.77 9 61 E verst Inc 28 choice (b mixed 9501,200 5 7530.00; 5.76 27 S4 good Cust 1 1 28 Spec 40'Expl Fd Asso Fd Colo. The 4 37 4.78 and choice 28 8 75; standard and low Field at Rangely, Bal Polaris Tairfld 6.95 36 6 Astron 7 35 8 06 Com Kmkr lb 6,140-fogood 25 0026 00; high choice Fm Bur well calculated has AXE 27.00-28 cows 00; utility and commercial Fed Grth 13.71 14.98 Knk Gth 11.28 12.35 Sec Div 112512.16 HOUGHTON 9 9010.82 Sec Eq 3 77 4.12 19 0020 50; canner and cutter 170019.50; recoverable reserves of more 4 94 7 54 Fid Cap 11.5912.67 6LX Inc Fnd A 36 8 24.00-265 7 15 InP 301e.72 6 Lex Res 1 Sec 00. bulls utility and commercial 0 71 9 47 Fid Fund 16.73 8 28 Fnd B than 18 billion cubic feet of 10 0710 90 6 23 6 81 Sel Am lambs 43 0 4 09 Fid Trnd 25 57 27.95 Librty Sheep 200. Wooied slaughter Stk Fnd 16 0217.51 Life Gr. 5.42 5 93 Sel Spc few lots choice and prim 95105 5 05 5.49 FINANCIAL steady; Axa Sci the company said. gas, 22 8 34 22 7.63 57 57 Sh Dean Life Int lb 28 9 00; mixed good and choke 8 78 I 70 PROGRAM5: Babson 6 04 6 60 9 91 10 83 80100 lb 6 69 7 32 Ling Fd Dyn Berger K 9 59 9 59 10 96 LOOMIS SAYLES: 0310 I 413 4 53 Sgam Cp rtf Blair Fd 10 0711 00 6 35 6 95 Can Int 38 45 38 45 Sgma In 11 68 12 77 LiveInc 4 47 7 29 LOS ANGELES Bnd Stk 8 69 9 51 Cap DV 11 47 11 47 Sgma Tr 9 6510 55 stock market for arte. a for Sept. 29: 74 9 1 19 Vent Bost St 14 9 68 9 68 14 72 72l$mith B 200; slaughter cows Cattle calves 115 8 91 1st P Vi 10 84 11.85 Mut 400, Bost Fd 7 52 8 22jSwstn Inv 8 92 944 Salt Lake egg market unchanged. Broad St 14 33 15 49 1st In G 9 68 10 61 Manhtn fully 50 lower, instances 75 lower; bulls Swlnv GW 7 91 8 55 fully 151314 57 1st In S 171 9 55 Mass Fd 10 9011.91 Bullock trading moderateyl active; Prices to retailers delivered to stores in U1215 46 feedersteady; 45 9 60 Mass Gr 12 30 13 44Lovr In Multi 9 Fst 34 1010 9 auccases exchanged: Grade AA Fund for G held cartons, cattle Wednesday's ,C 15 32 16 74 St Farm 5 52 S 52 7 57 1 27 Nat 10 74 19 Fst 20 cows utility nand few Extra Large, 50 to 53; Grade AA Large kdn Fd slaughter 506 506 Stata St 50.00 51.00 tion; 8 25 9 04 Fst S.er 443 66 47.87 20 0021.70, 47 to 50; Grade AA Medium 41 to 44; commercial Cap Inc mostly Holstein 11 8211 82 STEADMAN 4 45 4 88 Fletchr C 7 84 Grade AA small 23 to 26. Prices to pro cutter 10.75-2- 0 75, few cenner 17 Cap Inv 10 2e 36 9 FUNDS: F 41 6 64 7 112 Fletchr and ducers: Grade AA large 36 to 29Vi; bulls utility, commercial Cap $hr 6 67 7 29 Am Ind 11 34 12 39 slaughter 26.00-2Cent Shr 11.6212.70 Fia Grth 7M 7.91 few SO, dressing Grade AA Mediu m30 to 3314; Grade AA high utility 7 35 8 03 good 5 63 6.15 Mdy'l Cp 14 25 15 57 Fidcy Fnd Gr CHANNIKO 'Small 12 to 15VL 4 60 5 03 and commercial Hols t tins Sci Gr 1 24 9 01 Mdy's Fd 13 46147.1 Foundrs FUNDS: STEIN fOE FOS: 119613 03 Forsq F 11.6912.78 Morgan Balan 20 42 20 42 MORTON FDS: Bal 1 91 1 75 FRANKLIN Com St 10 1511.12 15 0615 06 Grwth Cap 6 40 6 99 CUSTODIAN: Grwth 14 33 1 4.33 4 02 4 41 Inc Stock 7 02 7 69 81 8 54 Com 7 Incom Dal Carnegie, Founder 88 90 12 8 7.19 8 Ins Inv 11 27 12 35 Sup 2 83 3 09 DNTC Spec! 9 17 9 91 Sup Insm 9 63 10 55 6 34 6 85 MIF Fd Util CHASE GROUP: 11 35 12 45 5 86 6 34 Syncro MIF Gth 2 51 2 29 Inc 12 11 94 84 Fnd Bos You 8 56 9.36 MuOm Gr 5 12 5 57 TMR Ap 20 74 22 67 95 88 10 14 Freedm Front In 9 95 10 82 Tchrs Chcm Fd 11 52 20 25 Fund Am 9 55 1 0 44 MuOm 31 18 31 Techmc 6.46 7 06 10 Gen Sec 9110.91 Mut Shrs 182 COLONIAL FAMOUS DALE CARNEGIE COURSE 60 2 65 Technlv 13 5413.54 Mut Tr GibrGr FUNDS: 8 08 8 81 NEA Mut 10 8411 06 Tech Fd 11 65 12 73 GROUP SEC: Col 23.12 25 27 10 06 10 88 Tmpltn Nat WS 8 95 9.79 4 70 S 14 Remember Names Aerosp Speak Effectively Eqt 7 02 7 67 11131113 Tower prospectus-bookl- et 13 23 1 4 46 Nat Idn 6 45 7 05 ComSt Grwth 8 10 8.76 7 74 8 41 Control Worry Transm 9 07 9 92 Nat inv Tension 6 86 7 50 Ful Ad Vent 80 88 10 9 SER: NAT Develop Mor Confidence SEC Ed Trav - Grth Ind 22 13 22 79 Com Fd 10 57 11 55 Tudor H 17 21 18 81 Overcome Fear of Balan 16 20 1 7 70 Cm St Fd 5 0? S46 Gryphn 5 54 6 05 Twin CG 439 4 80 Motivate Bond 25.57 25.57 Guard Inspire People COMMONWLTH Audience 4 64 5 07 4 32 4 72 Twin Cl Divid x4 73 5 67 Hamhda FUNDS: 10 22 11 17 6 87 7 51 Unified Pf Stk X9 03 9 87 7? 10 Gr 87 Ham Enthusiasm 9 Develop Cap 5 39 589 Unifund Develop Leadership 9 55 10.4 1 48 1 36 9 69 10 5? Hnovar Inc 8 33 9 08 UNITED FUNDS: 1 92 9.75 ? 55 10 4 Harbor Executive Skills Inv toWiden Your Horizons 8 24 95 9 7.54 918 Accu 16 15 26 68 47 10.35 9 Hartwl Stk 6 42 7 04 141415 45 incom HAC LV 12 2613 25 COMMONWLTH Plus Many More Valuable Skills 9 74 10 59 Scien OH 8 86 06 IN Nd Gr H&G Fnd TRUST: 8 02 8 77 24.74 24 74 Un F Cn 1 44 1 56 Hedge 1J 63 13 BO Nu,"h A & B 9 83 9 A3 VALUE LINE FDS: Er 1 83 HI 3 07lN" A fully managed mutual fund employing aggressive Investment Heritg. CADAs 151 69 New Hot 27 42 27 42 Val Lne 7 61 8 34 13 15 15 For Information CALL 322-012- 3 46 16 94 Send or Hvaca (Salt Lake) Comp Coupon 1 Val Inc 5 23 5 73 7 37 8 05Inw Wld 13 37 14 8 32 9 12 Hubshn Cp Comp policies designed to make your Investment dollars grow. 28 8 7 56 17 2418 90 Val Spc Lowall W. Waits 4 Aiioclclti, Inc. 5 37 SlITH Comp Bd 9 21 10 oi ISI Gr 15 56 17 01 Vrnce 8v5 810 mail this advertisement For your free prospectua-bookle- t, 4 45 1390 Lagan St., Suita 106, Danvar, Cato. 10203 Comp Fd 9 91 10 77 ISI Ine 1 5 30 12 8 8 30 87 15 Vndrbit ,T 9 23 10 09 5 18 5 66 Impact Comstk 5 36 5 84 8 36 9 14 Vangrd tear 10 10 10 131101 IS 15 Concrd Imp Cap CHANNING COMPANY, INC. 366 5th East Soli 208 8 22 8 34 Varied In 5 94 5 39 7 5. I.5S Com Inv 12 25 12.75 Imp Gr 14 31 16 10 Viking Gr 710 7 72 Salt Lake City, Utah (SOI) 363-100- 6 Name 4 78 5 22 Cnsum I 9 63 10 52 Walls in 116112 69 NN Fnd James L Peed, Dm. Mgr. 10 061016 Contrail 13 16 12 42 57 wm Mut 22 Wih 1622 illiSiOno Corp Ld 150616 5$ 11 75 2.77 85 34 16 33 Well Fd 13 70 1 4 97 OMH 13 63 14 74 Cntry 8 54 West Ind Address 7 81 780 852 4 1. 4 75 lOopb Cwn Dal Nem12 12 14 73 16 16 8 8 Whithl 41 7.53 Pnn Cwn Div 8 48 8 48 Wndsor 9 57 10 40 3 14 13 35 42 67 IncV Am 35 67 DEVohM 5 82 6 36 96 16 39 Wmfid 14 12 03 1X15 Inv Guid Decatr 9j4 4 34 7 24 7 91 9 32 10 19 Wiscon Addrest- Dela Fd 13 47 14 72 Inv Ind 12 78 12 7P,l2.m 7 88 8 61 Worth 305 332 1 24 9 3! Inv Bos H 93 13 04 jl Delta 1 10 65 10 65 tpln st iDtvid Sh 3 76 4 1? INVEST GROUP: to PLANO AVAIAMJ 12 98 14 19 stock spilt. 5 02 5.44 Pioneer 6 59 7 20 IDSND Dow Th - - ht,ir; Colorado Gas Well gN - SdFd Depends Upon Your Ability to Deal Successfully With People Salt Lake Eggs ... looking for possible can develop this skill through the and an capital growth? send for your free on channing and and special fund j7HYVm 4MN1n & - 84102noni Ph.... - m Your next calling card can read "President Sure youre succeapfuL But are you luccswiful enough? Owning anl operating jour own business is tne one sure way to advance just as far... just as fast you want. 1 you choose the right bimnros. Today, one of the countrys fastest growing industries is personnel placement. And as one of the big three in our industry, we have the greatest growth record! In just twelve years, our company has grown into an international network of over 100 offices. And ...at almost every ona of them is a locally-owne- d all tied together through an IBM franchise 360, 40 computer which can provide you with immediate access to the applicant files of all of our 100 offices! Our field is booming, and onr growth is based on purs success. Its also based on a that may startle concept of money-makin- g you. And thats what separates us from the rest. Management Recruiters plans to open a franchised office in your city. And you could be the Mr. President of that office! If your forte is people rather than doughnuts or transmissions and if you have be0 tween to invest, then talking to us may be one of the meat significant acts of your bfe. We have the key to success. Its already opened over 104 doors. Our representative will be in your city this week. Call him and set up an appointment. $15,000-$20,00- Mr. Sieve Stavanton will be Interviewing at the Downtown Inn, 230 Wtit Sixth South, Salt taka City, an September 29, 30 and October I. Or call Mr. Den Strata collect at (210) 771-51- 1. Management Recruiters This advertisement is neither an offer to sell nor a solicitation of an offer to buy these securities. The offering is made only by the Prospectus. September 29, 1969. NEW ISSUE 150,000 Shares CMC INDUSTRIES, INC. (A Utah Corporation) CAPITAL STOCK ($1.00 par value) $4.00 per share Copies of the Prospectus may be obtained from the Undarwriter only in states In which such Underwriter is qualified to act as dealers in securities and in which the i Prospectus may be legally ditsributed. Internationa Tht matchmabtra." 1001 Euclid Avenue, Cleveland, Ohio 44115 Telephone: (218) 771-65- T H-DA- & CO., INC. VIS 37 East First South Salt lake City, Utah 14111 Phan: 363-761- 4 f pk |