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Show oks ill o A banker today urged public bodies and treasure's to look again at the need for keeping their funds on deposit in local banks, where they can be used to meet local demands ior credit. problem facing banks, which are limited by Federal regulations from paying an interest rate competitive with the rates that big depositors can get on other invectments such as Treasury Bills. Dr. ElRoy Nelson, vice president and economist of First Security Corp.. told a meeting of Utahs school superintendents that the banks would like to increase their loans to meet the demand for credit, but We can not do so an increase in deposits. Dr. Nelson described the As a result, deposits in the banks have been drooping. Dr. Nelson said public depo-it- s are down by $34 million from a year ago. At the call date of Oct. 21. total public of state, county, deposits school districts and all other local units of government in Utah were only 8.6 per cent of all deposits, he said. without LIVE CHRISTMAS CLOSED SUNDAY o loans might be available in larger centers. he explained. The banks have also decreased their investments in ordm to accommodate local demand for loans and have sold a considerable also amount of mortgages to institutions in monetary centers, he added. Dr. Nelson said it was all part of the government's fight against inflation, and added, To date, there are no signs of easing of monetary policies or a lowering of interest This is the lowest percentin a decade, he said. age Dr. Nelson said the impact of the Federal Reserve's regulations is primarily a limiting factor m getting deposits both public and private. Tms limitation which bmits deposits also bmits loans, he said. The banks are still attempting to satisfy local demand for credit and ir. doing so have turned down requests for loans for major national accounts where such rates. More Mexico Flights Air West will increase its service into Mexico from Utah next month to accommodate winter season passenger traffic. Norman Har.sen, Utah sales manager, announced that beginning December 5, Air Wert will provide four weekly DC-jet round trips from Salt Lake Citv via Phoenix, to La Paz, Mazatlan and Puerto Vallarta instead of three. The flights win depart at 11:35 a.m. each Monday, dis-tri- ct VllitoM Welcome Thursday, Friday and day, with northbound rptum flights on Tuesday, Friday, Saturday and Sunday. 9 XU? MS.' 1. Can be planted (access fully after ase. Net thrown away. 2. Cuts fire hazard. 3. Smells fresher. a lasts for year 5, Satur- W instead of 2 weeks.' A Needs n water, A Need ao eland. j Nice Christ- - . uf v mas present. ies . 8 less expensive for Home Grown fresh Dug Kester Blue Spruce Colorado Blue Spruce Colorado Green Spruce Douglas Fir Norway Spruce Sizes 2 ft. to 9 ft. SUBSET HURSERY 8110 S. 7th East, Sandy, Phone 255-071Closed Sunday, but Visiters ere Welcome. 1 1, 1969 Utah Now Leads In Milk Exports Utah is now shipping more than 4.2 million pounds of grade A milk to its neighboring states each month making it the areas leading exporter of the dairy products. Wilbur C. Parkinson, chief sanitarian of the Salt Lake Health Department, said the export figure represents an increase of about three million pounds over that of five years ago. Nevada, Arizona, Colorado, Wyoming and even Idaho are supplied in part with Utah he said. Weve almilk, if ways been an exporter we didn't we would have a big surplus. Why the whopping increase over the past five years? A local dairy official credited it to better hghways and improved transportation vehicles. y milk changing more than two degrees. Dairy officials talk of uie Salt Lake milk shed, which takes in the territory from Vernal in the east to Vernon on the West, and from Kays-vill- e on the north to Beaver in the South. About 15 percent of the milk produced in this area is exported to cities such as Denver, Phoenix, Las Vegas and Reno. Milk shipped to Denver is picked up in Roosevelt and milk shipped to Arizona and Las Vegas is picked up at f"jz December Monday, B trucks tank Refrigerated carry both raw and bottled milk to bordering states without the temperature of the J J L. " ;&, v i in 'O o " Japan, China " u Iw . -- -- 5 '' '' 'v"- Step Up Trade TOKYO (LTD Japans trade with Communist China this year has been proceeding at such a brisk pace it promises to set a new record, according to the Japan External Trade Organization (JETRO). JETRO said it appears certain that it will surpass the record $620 miiilon for both-wa- y trade set in 1966. It said Japans export to China for the first 10 months of this year has already topped $300 million Heaviest Bowling Bail This student leans his full 175 pounds on the but it wont budge the bowling ball fabricated from tungsten powder. The ball was made in a massive isostatic press by the Chemical and Metallurgical Division of Sylvania Electric. see-sa- 88-pou- CORNER ON COMMERCE Apprentice Plan Renewed Pact Laxity Is Costly, GAO Reports WASHINGTON (UPI) -The General Accounting Office (GAO) says poor contract scrutiny by the government allowed a California firm to make profits of up to 1,403 per cent of costs on aircraft parts. The GAO revealed the report in a letter to Sen. William who said Proxmire, taxpayers were being bilked in small purchase contracts, like the GAO has investigated here, to the tune of millions of MUP? i i Monroe and Beaver, he said. Another, less obvious export is to the airlines. Salt Lake City is a major milk depot for the airlines serving the city. The milk s shipped to the various flight kitchens. Utah has become the milk center of the Mountain West because of the fine dairy herds in the state, he said.States like Nevada and Arizona don't have the animals to furnish a sufficient milk supply. Some 462 dairy farms in the milk shed are now supplying 14 dairies, he added. dollars. The GAO said Lionel Pacific Inc., Anaheim, Calif., received 22 government contracts in 1967 and 1968. It suffered losses on two of the contracts, the GAO said, but on 20 contracts it realized profits ranging from 12.9 per cent to 1,403 cent of costs. Proxmire said the high profits resulted from a provision in the truth in negotiations law which exempts contracts under $100,000 from having to submit cost or pricing data. The GAO said there c was no evidence gave false data to the Defense Department, and Proxmire said it was a case of the government failing to make sure that the prices it agreed to pay were justified. Lionel-Pacifi- Tune Up New! intern itca against wiatar mrritil GAIL F. BYWATER driving Automotive Technicians New at 665 So. State DyaaaioiMfat Phone 3223547 T" Btr Wheel Alifmftt Horsepower b Oar lesieessl J0 The Training Department is covered with leaves. And sweater is spoiling your that bulky game2 You soy last Tuesdays light snowfall canand ruined your whole week? Think celled two-pu- tt For just $40, the two of you will be the gjests of the Bloomington Country Club for LEASE All you have it! Its that new Golf is 1 a year-roun- d par 72 layout that to do is get yourself there. (For 40 bucks, we re not bringing enybedy from Nome, Aloska.) Now that your reg Jo- golf season is ever up north, you end your partner ore invited We want you to see B!oom'ngon (dont worry, it !l be a soft sell), end we wont you to ploy one of the finest new geif courses in Utah. Go checd. Clip the coupon. to pick up the sticks and get in an extra 36 cr so at Bloomington Country Club. Send it to us. Take a golf break. Ee long ball hitter. everyone raes about. - said. Joins Ad Agency duties, Mr. Erskine will assist with public relations accounts. The Price native attended Middlebury College and the University of Utah where he was editor of the Daily Utah Chronicle. Erskine was associated with Western Ski Time Magazine. Associates Advertising, also of Salt Lake City. In addition to his production Administrative Assistant Kem Gardner has been named administrative assistant to the executive vice president at Terracor, a Salt Lake C. City based land development firm. Gardner will graduate from the University of Utah Law School in December. Litton Sales Agent at Paul J. Boyack, 456 Mary-ros- e Dr., has joined Automat- the companys Salt Lake City office. Boyack is a graduate of Carbon College and was previously with the Utah Air ed Business Systems, Div. of Litton Industries, as a McBee systems sale representative Guard here. Named Leasing Agent Robert Muirbrook Is president of Liberty Leasing of Utah, which will provide full leasing services for the state from offices at 3840 Washing- Appointment of CHICAGO Liberty Leasing of Utah, Inc., as franchised representative of Liberty Leasing Co., Inc., Chicago, was announced here todav. NOW Take Advantage of our 24 Month Closed End Lease Rates. Foil Maintenance, 7exes and license included CARS FULLY EQUIPPED LIVING AS IT SHOULD BE lodging, two continental breakfasts, a buffet and perhaps a little liquid refreshment thing at Bloomington, just three miles south of St. George, Utah. Sure, youve heard of it. Dont do OiMINGTON Including Air Conditioning 1970 1970 LINCOLN CONTINENTAL lunch at the Club. The construction Industry is faced with a critical shortage of skilled craftsmen in all the construction trades, Palmer i three days and two rights of great golf and relaxation under the Dixie Sun. That includes iis about time to hang 'em up? write. Jack Shapiro Advertising and Puplic Relations, today announced appointment ol Dennis W. Erskine as production director. Erskine leaves the same position at Nord and low Cost lease Specicls youre just starting fo hit the long ball end now you cant find it because the course has been renewed with the signing of a contract Under the program, a class for 15 apprentices will start Dec. 8, according to Gary Palmer, HBA president. Ben Goden, former assistant director of the Salt Lake County Building Inspection Department, will be the instructor and coordinator. BUSINESS & PROFESSIONAL MEN So The class lasts six weeks. Tuition and books are furnished at no cost. Sessions will be held at the Utah Technical College. Following the school, trainees will be placed on construction jobs. Some will be paid compensation during the school. Educational requirements are the ability to read and carpenter apprenticeship program sponsored jointly by the Home Builders Association and the Manpower Baforo you koM this aor check Johnson's lew monthly payments Bloomington Golf Break 529 East South Tempi Self Lfir C'ify, 81102 Nome Address A State Phone Zip a if Before you lease this Wf cteck Johnson's S.P. Promotions Promotions of Milton A. McIntyre and Carl A. Bail were announced today by Richard D. Spence, Southern Pacifics of operations. the railroad McIntyre, general manager at San Francisco since 1962, was named assistant vice president-personne- l. He is a former superintendent of the Salt Lake Division. Bail, manager of personnel since 1964 was named to assistant vice president of labor relations. low monthly payments LOW CALORIE I'd Site to toe o go'f breolc et Bloomington. P.eose g ve me more information. City MERCURY MARQUIS ton Blvd., Ogden. Muirbrook is also president of Milky Way Stores, Ogden. 1970 COUGAR 1970 MONTEGO COUPE you lease fhi cor check Johnionf low monthly payment! Before Before c you !eoe this cor cck Jehnien's low monthly payment! JOHNSON lincolrt Mercury 951 East 21st So-- Comet 44-173- 1 LUNCHEON SPECIALS CHOPPED SIRLOIN STEAK Cottoge Cheese, Melba Toost, Beverage .77 SIRLOIN STEAK Cottage Cheese, Melbc 1 Toast, Beverage TEMPLE SQUARE COFFEE SHOP 75 W. Se. TEMPLE SALT LAKE CT FREE PARKING IN TERRACE |
