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Show THURSDAY, DECEMBER 11, 1969 PLEASANT GROVE REVIEW, PLEASANT GROVE, UTAH THURSDAY, DECEMBER 11, 1969 Pleasant (Urmi? SUntunu Published every Thursday at 1 1 South Main, Pleasant Grov Utah 84062 (Mailing address P.O. Box 278) and second class postaae paid at the post office, Pleasant Grove, Utah 84062 Subscription Rate in advince: S3.00 yearly; 10c tingle copy. A. B. Gibson Editor-Publish- er Jack S. Pace Manager Karl Banks News Editor Husband Honored at Birthday Openhouse Mrs. Lewis Ray Allred honor-ed her husband with an open house held at their home, 30 Alpine Drive, Pleasant Grove, last Sunday. About 40 relatives friends and neighbors called to extend greetings and best wish-es, between the hours of 1:00 and 6:00 p.m. The affair was in recognition of Mr. Allred' s birthday.. He was 71, December 9, 1969. Mr. Allred was born in Fer-ro- Utah and is the father of 12 children by a previous mar-riage. Of his nine living child-ren, two attended last Sunday's open house. He married the present Mrs. Allred of California about 18 months ago. She was the for-mer Mrs. Lyda Riess... were reported at $2,281 for the month of November. 25 Years Ago Mr. and Mrs. Reed Warnick of Denver were honored with a family at the H. W. Swenson home last Fri-day. ' 25 Years Ago The First Ward Reunion will be held next Friday evening. A dinner and the ward play, "Spy Me This One," will be featured. Play director is Bliss Jarvis and the players include Beth Stott, Donna Ash, Louise Armitstead, Doris Wadley, Bon-nie Ivers, Earlene Loader and Mary Lou Gardiner. 25 Years Ago Servicemen mentioned in the Review this week were Robert Walker, Julian West, Frank Newman, Wayne Bastian, Clyde Green, Howard Pierce, Cecil Huntsman and Eldredge Warn-ick. "AGO From the Files of the Review Friday, December 1, 1944 ' Election for the Pleasant Grove area representatives on the Alpine District Board of Education will be held next Wednesday. Candidates are C. A. Fugal, Leo P. Harvey and Junius A. West. 25 Years Ago Timpanogos Stake Sunday Schools will present programs at all ward sacrament meetings next Sunday night. Subject of special speakers will be "Val-ues of Sunday School." 25 Years Ago The annual PGHS school play "Girl Shy," will be presented Dec. 6, 1944. Players will be Dick Paulson, Jack Schaub, Marcia Wadley, Marion Homer, Joye Freeman, Grant Ander-son, Geniel Adams, Geniel e, June Adamson, Bar-bara West, George Dalton and Paul Croft. 25 Years Ago A special assembly, "Beat the Japs and Germans" was held at PGHS last Wednesday. Speakers were returned World War II Veterans. Bond sales SADDLE HOUSE 777 North State Orem 225-343- 4 Headquarters for Riding Equipment One of the Finest and Largest in all the West BIG HORN AND SIMCO SADDLES Also the Finest Mexican Saddles All at Low, Low Prices. LIST ON ONE OF THE BEST SADDLES $248.10 Our Price $189.00 The Medium Priced, List $171.40 Our Price $105.00 Around 75 Other Saddles priced accordingly DOZENS of Large and Pony Bridles Dozens of Pads, and Chaps Heavy Leather Gun Scabbards, for scope $12.00 Without Scope $10.00 WONDERFUL CHRISTMAS GIFTS Nice selection of men's and women's boots. Come see us before you decide on the Christmas present. U.S. Savings Stamp! teach children thrift and good citizenship RENEW YOUR SUBSCRIPTION Don't delay Renew yours right now! PLEASANT GROVE REVIEW WbWP- - -- MWmW HP AMP W mm$ Christmas r - i - ; 0'- - ':, ' W1?fi ;- - - ;' mm , v el . mm $$MM$Mmm' " f" fllffl ll thing from ties to tricycles. Even a great gift for hard- - ijpjgt v e Aunt Harriet. , . It doesn't cost anything to get a Master Charge card. f fj ' ; Just drop in at our bank for an application. You don't fui i even have to have an account with us. $ Come in soon, and make your Christmas snopping mer- - rier with Master Charge! W,,,,,,, ,,,,,, y;,,;,, Your Problem Solver (Si BANK OF M ..fpll mtsMB mm. gig!!-- HHsgi rjow! RCAVictor's Brightest Color! A COLOR. fi:;tf, i tv m Aldrich Model' " GJ-72- 9 RCA VICTOR a f&ta COLOR TV WITH SUPER BRIGHT HI UTE COLOR TUBE New RCA Supr Bright Picture Tab delivers tK mosJ vivid color ver from RCA. And to insure C W lAA ttw best possibis picture every time automatic V a ' firtfi tuning on bothVHf and UHF. t$ Mm mr THE MOST TRUSTED NAME IN ELECTRONICS American Fork 'Who Makes Interest Rates?' Subject of Article from Bank The following is one of a series of articles furnished by Bank of Pleasant Grove on the various phases of money and banking in the economics of our country. Interest rates represent the prices charged borrowers by lenders for the use of money and credit. Banks do not make interest rates to suit their own fancies. Interest rates, like oth-er prices in competitive mar-kets, reflect the various imper-sonal forces of supply and de-mand. On the demand side are the requirements of agriculture, commerce, and industry for in-vestment and operating funds; th requirements of federal, state and local governments; and the needs for money to fin-ance real estate mortgages and consumer credit. On the supply side, we have savings corporate and in-dividual and bank credit. There are markets for mon-ey just as there are for com-modities. The New York mon-ey market, where short-ter-loans for a variety of purposes can be readily obtained, is also a clearing center for both na-tional and international finan-cial transactions. Whereas the money market is usually con-cerned with short-ter- loans (of not less than a year), it is closely related to a number of other markets, the most impor-tant of which is the capital market (the market for long-ter-loans). Both money and capital markets bring borrow-ers and lenders together, and the interest rate the price paid for the use of money results from negotiations of large numbers of borrowers and lenders. There are many kinds of in-terest rates, but usually the whole structure of interest rates rises or falls uniformly. Rates on personal and consum-er credit loans vary widely. However, the prime rate the rate charged by banks to the largest borrowers of high credit standing is usually the same all over the country. Changes generally are closely related to broad movements in other short-ter- interest rates. Long-ter- obligations gener-ally carry higher interest rates (except perhaps when short-ter-rates are extremely high) partly because of the increased risk of delayed maturity. The tax exemption of interst paid on state, municipal, and public authority obligations affects in-terest rates here. They may be one percent or more below that of high grade bonds of cor-porations. Rates on long-ter- mortgage loans tend to be uniform, but there are some regional, differ-ences. They generally ar influ-enced by the quantity of funds available for these loans and the volume of financing re-quired for construction activity Rising interest rates norm-ally accompany rising econom-ic activity. As output grows and more credit is used, the cost of financing increases. At the same time, higher interest rates attract more funds to the market as increased sav-ings are encouraged. This dis-courages spending and damp-ens inflationary pressures. When business is slow, increas-ed availability of money and credit at lower rate is intend-ed to spur spending and create jobs. In our booming economy of today, with such vast con-- , sumption of durable goods fin-anced by credit, we should not expect an early return to very-lo- w interest rates. Cheap credit during a boom is a sure-fir- e such an economic environment, rising interest rates are the symbols of or responses to rap-id growth, not a barrier to it. Bronsons Visiting From California Mr. and Mrs. Victor R. Bron-so-former residents of Pleas-ant Grove, will be at their son's home in Lindon between Dec. 20 and Jan. 3. Friends who would like to visit with them can call 785-227- at the home of their son, Van Lynn Bronson. HOSPITAL NEWS Among babies bora at the American Fork Hospital last week, were the following from the Pleasant Grove area: A girl on Dec. 1 to Kenneth M. and LaRae Anderson Ivie. A girl on Dec. 2 to Michael W. and Karen Johnston Ferre. Other patients at the hospital from this area included Faun Fordham, Julie Ann Ault, Mary Webb, Maude Sutton, Kenneth Lynn Carson, Roslyn Iverson, Toni Kay Smith, James Dur-ran- t, Lyman Terry, Mardi Dee Cosgrove, LaPreal Morford, Joseph Hilton, Robert Lund-gre- Sandra Fox, Brent John-son. |