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Show yjy ymyyif iiMgTnpry.ny r ma&Hfem r woney, $en power Worries uil SAN DIEGO In the industry say the short money supply may bring residential construction to a virtual sit for average and moderate income families. They and otlier home building leaders from throughout the nation are gathering here y for a conference opening to see what they can do to cope with the industrys two pressing problems money and manpower. The event is the annual fall board meeting of the National . attendance of more than 1,590. interAt a view, John A. Stastny of Chicago, vice president treasures, said that in December, we may see an end to the money fttmnlv fnr wo'tvarro unlac nj something is done, and as yet, we have io see any indication that any relief is in sight. -- , i ii ct si m ?, i-- s ( 1 I y Flour mills in DENVER Salt Lake City and Ogden, Utah; Burley, Idaho, and Denver will become part of the second largest milling firm in the U.S. in a $10.3 million sale. A preliminary agreement this week, approved the sale of Colorado Milling and Elevator Co. to the Pea 7 Co. of Minneapolis, Minn. With the Peavy will beacquisition, come second only to Pillsbury in size. Colorado Milling is being sold by Great Western United an- nounced soon, Gov. Calvin L. Rampton said tcday. B 6D Friday, are rapidly running out of money. Right now, said Stastny, the lack of credit is the festering sore in the industrys e side. But the problem goes deeper than that. We are losing skilled workers, and history teaches us they wont come back. long-rang- Stastny and Waranch, both of whom are in the chain of command that eventually will lead to the presidency of the organization, predicted the slowdown in housing starts will bring grave unemployment to the building industry, with a resultant loss in the labor pool. In 1966, we had a similar credit crisis, Stastny recalled, and 50 per cent of 55,090-memb- Stanley Waranch of Norfolk, Va., vice president-secretarpointed out that current building is being sustained on prior commitments, but that the main sources of funds, the savings and loan associations, The appointment of William as chief of the new Utah Office of Local Affairs will be for-G. Bruhn ' DH October 1969 10, r u h n has been region- al administrator for the Small Business A d m i n i the laboring force who lost jobs during this period never returned to the industry. Eoth pointed out that the lack of mortgage financing already has seriously curbed the nations home building. We started out the year producing at the rate of two million units a year, slid Stastny. Right now there is danger that the rate of starts will be under one million by the end of the year. On Oct. 30, more than 2,000 builders were summoned to Washington on a weeks notice to participate in a demonStand Up for stration, Housing, designed to impress the federal government with the seriousness of the situa- (SBA) in Salt Lake City, of $19,149 a year. at a salary In his new post, he will have a grade 32 classificationu with a salary of $1,170 per month. The Office of Local Affairs was created by executive order last week to provide technical assistance to local governments, and to the governor in coordinating state activities and programs, helping communities in cooperasolve tive efforts, helping local problems and in developing a low-cohousing st program. In regard to the housing program, Bruhn will act as housing director. tion. Steel work erected for TeieMation plant. is V. now is in place, Lyle O. Keys, president, reported today. He noted that subcontracts have been awarded for precast panels, $96,000 to Style-Cret- $17,495 to gineers. The $1.8 million TeieMation will include a complex e foot plant for the manufacture of television equipment. This is scheduled for completion next April, Keys said. 60,000-squar- Tire Price Hike CUMBERLAND, MD. (UPI) Tire Co. announced Thursday a gener- al price increase of 2.5 per cent on most of its products, effective Nov, 1. The price hike includes all tires and tubes for passenger, farm and Industrial vehicles and tires on large trucks, the firm said. - NOW 4 AT SlklfC MINv7 Magnavox prior models YlLOIV Color Stereo Theatre family enter- tainment centers, Color TV end Stereo Consoles) offer you tremendous value; for they are as advanced in features and performance as any other make today. However, we can now offer them to you with substantial savings; because some represent discontinsome are layaway cancelued : ylesfinishes (in original cartons) lations or floor samples. AA 1C These If s649 ONLY Utah Wheat Growers Association will be held Monday at 8 p.m. at the Bear River High School in Tremonton, Roy L. of the Holman, president Fanners Union, announced. Utah-Idah- o u.j --- n. The firm operates thr Salt Lake Flour Mills, 425 W. 5th South; Ogden Flour Mills, 220 W. 30th St., Burley Flour Mills and two mills in Denver. AVf All Utah wheat growers are invited, Holman said, Glen Hofer, Washington, D.C., executive secretary of the National Wheat Growers Association and other national officers will be present. There are over 3,000 wheat growers in Utah. W.P. Announces Dividend Despite disappointing earnings for the first three quarters of 1969, which are estimated to be substantially below those of the prior year, the Western Pacific board of directors at its regular meeting declared the regular quarterly dividend of 55 cents per share. The dividend will be paid Nov. 17, 1969 to shareholders of record November 3. Employment Gains Slightly U t a hs non agricultural employment for September, estimated at 188,100 was 1.1 per cent better than the previous month and nearly three per cent above Sept. 1968. The slight gain was reported in the Employment News Letter of the Utah Department of Employment Security. at KING'S MUSIC 295-Sq,-l- meeting to organize a A 1970 MODEL? mSa, 7600 - Color Combination. Natural Walnut Contemporary screen with A i M Stereo Radio. 14. 1969. Wheat Growers To Meet Price-reduce- d Large Selection Corp. which also is selling Pepper Packing Co. to First National Stores, Inc., Mass., for $7.5 million in stock. Selling prices possibly may be adjusted later to reflect future business activities. The Colorado Milling price report-- , edly was $350,000 plus the net worth of the property on Nov. Hermsen was formerly director of compensation for the Univac Division at the companys world headquarters near Philadelphia, Pa. He joined Univac in 1957 in St. Paul, Minn. A native of Laurel, Neb., he received a bachelors degree in business administration from the Mr. Hermsen University of Minnesota in 1949. e, Inc.; structural $91,000 to American Steel; roofing $27,405 to J. E. Steele Co.; ground 1 Paul S. Hermsen has been appointed manager of personnel and general services for Sperry Rand Corporations Univac Salt Lake operations. TeieMation Plant 10 Pet. Complete Work is about 10 percent complete on the new TeieMation, Inc., plant complex at Salt Lake Technology Park, 3600 W. 21st South. The steel framework has been erected and roof decking u Univac Names Manager E. K. Fuller Excavating, Inc.; reinforcing bars, $10,351 to Soule Strel Co Site drainage, water and sewer lines and roads for the industrial park are being installed by Arthur Higgins of Coon, King and Knowlton En- nr-- - linn Flout Mills To Be Sold To Take Utah Post a Fii-da- Association of Homs Builders (NAHB), expected to draw an SBA Aide mr Two leaders home-buildin- g if CORNER ON COMMERCE - - f Unemployment, according to estimates, dropped 23.5 percent from the August figure, according to the report This is normal as hundreds of students return to school. The unemployment figure should continue to decline into October then start its an- nual climb to a February peak. After a decline in October, trade should climb to its annual peak in December, the report said. Building Contracts Show Gain Residential , NEW YORK construction contracts for .fu- ture construction in Utah were 11 per cent higher in August than they were in the same month last year. ' The gain was reported A. 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In nonresidential and nonbuilding construction, 1969 contracts were well below those of 1968, the report SfcA.Jt.JCA. A. |