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Show itia,W"inw n nnnw -- y jj "'1 -i RATON, FLA. (A?) acute cmDer shortage In the next five years, accompanied by a new upsurge of lumber prices and a shift to substitutes, was predicted ute.-, Director November Wednesday, 12, 1969 1973 may be f to 8 billion board feet above the current output of 50 billion a year, Mayo estimated. To meet this major challenge," the budget chief said, the federal government may be able to increase the timber harvest from national forests by more than 2 billion board feet, and the increase in production from state and pri by El vately owned forests might match that total Much greater private output is needed, he said. That still leaves a gap of several billion board feet a portion of which would have to be filled by substitutes and imports," Mayo said. The upward pressure of this residual gap on prices for softwood products is likely to repre-ente- - NEW YORK (AP) There Is a strong likelihood that the prime rate will be reduced from 8L per cent to 8 oer cent before the year ends and to T1 per cent in the early part of 1970, predicts the Alexander Hamilton Institute. In view of the markets recent action, the institute also does not see any critical selloffs in the near future. NO ELABORATION The institute did not elaborate on its prediction about the prime rate, which represents the price a bank chargfor bores its best rowing money. However, the Institute said there were signs of market vigor, since in recent weeks, stock-prichighs have been exceeding new lows by a hefty margin. This is evidenre. the investment group conand tinues, the institutions foreign investors are in a buying mood. From a technical standpoint, the increase in volume on rallies also is a sign of health it adds. UNKNOWNS S. B. Lurie of Josephthal & Co. sees a number of serious unknowns that represent a formidable barrier to a new major upswing in prices at this time. One, for example, is file question whether investor psychology will remain conditioned to the actuality of the first-hal- f 1970 decline in earnings indicated by the consensus view of the added business outlook, Lurie. Another is the fact that there are no signs of an early reversal in the Administrations policy of fiscal and -YORK (UPI) and Northeast airreached a tentative to merge in a deal link a wealthy carrier with one of the poorest. The proposed merger is subject to approval of the Civi! Aeronautics Board and stockhcers of both airlines. Donald W. Nyrop, Northwest president, and George B. Stor-e- r, NEW Northwest lines have agreement that would Rex Whifaker Allen . . . S.L speaker Northeast chairman, announced the plans Tuesday. Storer is chairman of Co., u'hich owns 86 per cent of Northeast. There was speculation that if this action was approved, several other major airlines would be involved in mergers in the near future. Terms of the tentative agreement call for an exchange of one share of Northwest common stock for five g Architects Gather In S.L Monday e The national president of the American of Architects will be file speaker at the annual award luncheon Monday Inn. Whitaker Rex of at merit Rodeway Allen who beads his own San Francisco architectural firm is scheduled to speak at the luncheon which is sponsored by Producers Council and the American Institute of Architects. A Utah architect will be honored at the luncheon with the award security of merit Allen was first vice president of the ALA last year and served as national secretary 1 fW'O iivm iju iu He is a graduate of Harvard and has studied at Columbia, the Harvard graduate school of design and the University of California. credit restraints. t,.e If the housing needs of our people are to be satisfied, it would be desirable from a standpoint to encourage the use of substitutes for softwood products, at least until an adequate supply of lumber is available. he said. PRICES EFFECTIVE NOV. BROADMOOR PORTABLE Leasa Your CADILLAC BOISE Passenger traffic on Air West planes showed increases at four Idaho cities during October and set record at one, sales manager Don Cooper reported Tuesday. He said 1,881 persons boarded Air West planes ai the Moscow-Puilma- n airport, sete an monthly ting record. Traffic was up 10 percent at all-tim- COLOR G. Raymond vice Willie, men Twelve PROVO Geneva Works have been named to the U.S. Steel western area college recruiting team by IS. O. Brigham, coordinator of college relations and personnel. These men will contact students at collebes in Utah, Wyoming, Idaho, Colorado, Arizona and New Mexico on U.S. Steel employment oppor- -- 2-I- POCKET ti;e 35. Northwest reported net Income of S50 million last year, while Northeast dosed with a deficit of $2.7 million. Northeast, formerly owned by Howard Hughes, has lost money 13 of the last 14 years. Hughes who also controlled TWA at one time, tried to merge the two airlines, but faied. He then sold his Northeast stock. POCKET THE SAVINGS POCKET THF SAVINGS POCKET THE SAVINGS 71 and rentals. Rented mittee, Willie serves with 11 other mortgages experts throughout the country. Chairman of the committee Is Charles W. Robertson, vice president. The Indiana National Bank, Indianapolis, Indiana. Argule. M. R. Curtis. H. W. Edwards, L. S. HiUs. P. E. Jones, E. D. Larson, H. D. McTague. A. E. Payne, J. J. Pinegar, D. A. Strong. Superior lnsurp.net Protection ot Lowest Costs ... COMPANY NSURANCE Pk 1 ad Is not an offer to sel Such offer rnoyb mod only by the official prospectus. TWa Established INC 1961 A MUTUAL FUND builders are altering streambeds without any from the state. The problem of the financial drain of search and rescue team from Geneva are: R. B. Hardy, M. J. Slack, L. A. Ttnplt inter-ferren- the m carftiltr same the. missions on public lands also was brought up and State t, Rep. Manon Davidson, said the federal government should provide aid for them. Carleson Cadillac Co San-poin- Uks City, Utah CONCRETE GETTING YOU D0YN? This sHo it scitntificolly designed for men walking on concrete. investing In stocks carefully selected for long term growth possibilities. Persons wishing to obtain copy of the free prospectus describing the company may do so merely by writing or calling our office. The Estate Fund Management Corporation 20i) Utah Savings Building Salt Lake City, Utah 84111 3 Phone: (801) 328-159- lightweight AH Day sizes 20 Comfort Also Dress Name AAA-EEE- 6 E Address She. Casuals and Boots RED WINS SHOE STORE 1 4371 S. Stef. Ph... 233-414- -- $ City, Slate BEST BET KUNNER MACARONI TOMATO SAUCE 4 Hfc u sj COLEMAN TWO BURNER COLEMAN STOVE 6-l-B. 00 DACRON SLEEPING BAG with mattress pockets 42S E 499 jTOI Boise, 8 percent at Twin Falls 7 percent at Lewiston, Cooper said. Boise airport manager Don Duvall reported Air West has agreed to make monthly payments on bade bills It owes the Boise Air Terminal and to clear up all back debts by next March 31. He said Air West owes the airport approximately S35.000 in various fees INDUSTRY FUND OF AMERICA, BAD SPORTING GOODS and S45 L So. STEAKS GROCERY Fur East i itiZ b. POCKET THE SAVINGS Northeast links major eastern cities with Florida while Northwest links the Pacific Northwest, Middle West and East Coast. Northwest also has Important routes to the L 2 10) SAVINGS 13-s- . 3 TV Highlights City, Regional Comics TV MEAT York Tuesday at B&W FRANKS SAYINGS E Financial PORTABLE DIAG. HOFFMAN POCKET THE Stock Exchange while Norththe day on the east clo.-e-d American Stock Exchange at New tunities. Named to the recuriting SECTION THRU NOV. 15tb $ TV siiares of Northeast common stock. Northwest closed on the National ConunuiCeman president, real estate loan division, First Security Bank of Utah, N.A., has been reappointed to the mortgage finance committee of the American Bankers Association. As a member of the com lltt-INC- H 12:h na-ion- al Air West Gains from at fiie commission meeting here, persons urged better coordination among federal and state agencies in granting permits for building lake facilities with greater return of revenue to counties for federal and state land, possibly with payments in Keu erf taxes on an acreage basis. Lake property owners and conservationists urged strong action against persons who fill in the state's lakes and change shorelines and streams. Gordon Trombely, state and land commissioner, said his department is aware of such incidents but that the cases have been turned over to the state attorney general's office and no action has been taken. Landowners told the commission that persons are purchasing property on lakes, filling in part of the lakes and building houses on the newly created shoreline. Others at the meeting complained that (UPD Surely a private landowner would never consider allowing mining on his land without any payment for the privilege, State Sen. Art Manley, Coeur D'Alene, said Monday night Why, then, should the United States? Manley made the statement at a hearing here before file state Commission on Federal Land Law' as part of his recommendation that mining companies be required to lease federal and stafe lands and pay for the minerals in the same manner that lumber companies purchase timber in national forests. He also claimed prospecting and mining on public lands should be allowed only by special permit. In other recommendations Sell H? expected soor. in the tasl force report, Mayo hinted that the government would encourage a shift to substitutes if nece-a- rv to meet the materials needs of the housing industry at reasonable costs. Geneva Picks Tsum Land Law Panel Airs Mine Gripes k '" whether d Airlines Try For Merger Lowering Predicted tms yy and CORNER ON COMMERCE Prime Rate SaNDPOINT (j wi conclusions substantially increase the available supply of softwood timber, Mayo said. i institutional his remarks With housing construction expected to expand rapidly as socn as financial conditions ease, it is necessary that we -- and Without indicating softwood W legal barriers to their use, can be overcome." Mayo is chairman of President Nixon's special task force on lumber. His speech, prepared for the fall meeting of the National Forest Products Association, was considered to reflect the views of the White House body. for Ui be significant the during years immediately ahead unless limitations on the availability of satisfactory .substit- An Demand . 00BD BOCA today by Budget c Robert P. Mayo. rs ""H1 hB .lumber k , Zip. Open Friday Kites I |