The Ogden Standard-Examiner from Ogden, Utah • 14

1 4 A THE OGOEN (UTAH) STANDARD-EXAMINER FRIDAY EVENN1G APRIL 13 1981 College Instructor Offers Depot Class Ejected Government Bond Market Points Way CLEARFIELD Dr "Dello Dy-perlods of four weeks' duration ten me that it is going to be "dlf-hold a sizable reserve in cash and Bv Hoger Babhon NEW YORK CITY April It ferent this time!" They point out high-grade short-t bonds It Happened in 20 Years Ago 50 Years Ago "unexpected" shift in against an the trend each The first part of the course will deal mainly with the technique of efficient production The second part will explain what the government installations in this state mean to the economy of Utah New issues of corporate bonds tearing the hlghtt interest rates Since the late WW have just made the financial headlines Business is paying more for its monjsy as well as for its wages and materials ust as the old belled ram leads tjse rest of the flock so does the ton of Weber college began recently to teach a course in basic economic principles and factors of production to all officers and civilian supervisors at the naval supply depot Clearfield This course was arranged through the lntrest of Commander Gray executive officer who explained that it was the policy of the depot to inform all its personnel how the work at Clearfield fits into the social and economic organization of Utah This course is divided into two tnat tne spread between stock and bond yields even after the recent rise in the latter is much greater than usually exists Therefore they say the return on bonds could rise quite a bit higher without greatly disturbing stock prices They also cite the fact that very few stocks are being carried on borrowed money and that-higher interest rates will not usf i amount of selling on that score These objectors may of course The task of widening Harrison near the Ogden canyon dugway had been completed and city trucks working with state road equipment had been released Joseph Ballantyne was preparing a rare musical treat for Ogden giving a concert with 400 children in chorus work assisted by a number of leading vocalists of Utah Advke OB Bonds My father told me years ago "never send a boy on a man's errand!" This advice fits today's bond buyer" Whatever you do don't build an investment reserve of all long-maturity bonds no matter how high the quality A one-percent rise in interest rates can wine out A foist Leaves Bail For allegedly parking in a restricted zone Norman Watkins city forfeited $2 bail in city court government bond market point the Railroad officials of the Southern Pacific and the Denver Rio Grande Western railroad were making inspection of company properties here De rtgnt But I should life to a number of years' income in the leave this thought with you: Wen shape of a price fall in your long Hon Archie McFarland was in Ogden with the report that the committee would obtain the site for the depot wished-for by the railroad company If the railroad company would accept the land wished-for all on the north side of the proposed cut-off that owners would sell it for $300 for the 12 $25 per acre This is the same amount offered by the railroad for a site in the Green-well pasture 8 Wlse s5P- term Donas TMs is a risk you pers need them Likewise glen should avoid at all costs In bond old-time financial warnings ap- buying stick to short-term gov-pear wise investors will diversify ernments good convertible corpor-their funds carefully among sound ation bonds and tax exempts that well-selected common stocks and! you can hold to maturity Wrestling fans of Ogden and northern Utah turned out en masse for the opening of Charles Revell's new athletic arena at El Monte Springs A near-capacity crowd saw Ira Dern famous Utah heavyweight wrestler capture the main event from Yankee Jack Rogers of New Work way for corporate bond prices About a month ago it was announced that the feud between the treasury and the federal reserve had been ended Both parties to the long disagreement had "reached full accord" Now the thing upon which they had agreed was that a new issue of long-term government bonds should bear 2 interest instead of the 2 figure that had been the going rate for similar issues Bonds Begin Decline Immediately a tremor ran through the financial world As it became clear that the federal reserve had really "won the argument" over raising interest rates government bond prices softened At the same time corporation bonds began a price decline that is still in progress Commercial bankers became Mrs Carrie Davenport wife of ex-Chief of Police Davenport who was operated on for appendicitis had died 76 Years as Wright and Sons 34th Taylor -Wright Anniversary Jubilee! We Invite Nothing But Good Values and Reductions in All Departments! Dates for the annual Utah state trap shoot which was to be staged at the Ogden Gun club were announced by President A Bige-low of the state association Shooters planned to honor Becker and Mr Bigelow owners of the Ogden traps with a ceremony during the classic Last week the regular coach used on the Park City branch of the Union Pacific was being repaired and a caboose was used in its place Save this week on beautiful" dutiful SPECIAL FAVORS For All The Family The barn belonging to William Lund 30 Washington avenue was destroyed and a horse and two cows burned to death along with harnesses wagons tools and a large amount of hay Loss was estimated at $1200 -v NTIONS CHICKEN 1 the brand that brings fjou only the best tuna Career Separate Dick Sale Wife HOLLYWOOD April 13 Screen Writers Richard Sale and Mary Loos have separated They announced today their marital troubles arose out of the pressure of their careers but said no idvorce plans have been made yet She is the niece of Novelist Anita Loos Sale also directs and produces films They were married in 1946 and have a two-year-old son Edward The Utah Light At Power Co reported that more work was necessary to make the pipeline in the tunnel in Ogden canyon serviceable i i I John Brice Will take over new pod effective on Jane 8 Carter Oil Firm Names Texan Board Chairman TULSA Okla April Estab-lishmcnt of a new position of chairman of the board of directors of the Carter Oil company was announced today by Schorp Carter president John Brice has been elected to the new post effective June 8 following the completion of his present term as a member of the board of directors of Standard Oil Co (New Jersey) Schorp who- continues as chief executive officer of the company stated that the new Carter office of chairman of the board was established to aid in the formulation of long range plans and broad corporate policies He said that Carter's expanded operations require a man of Brice's qualifications and experience Brice a former Carter executive vice president and director has had a broad 24-year background of experience in the oil industry with Jersey and its affiliates since he graduated from the University of Texas in 1927 He is a native of Miami Texas Began Work in Texas Frank -Oliver noted evangelist and brother were! in Ogden after a successful work at Butte Montana I 3 pairs $4-15 gouge 15 Ho- er I Tokrodvonlog this once-o-yeof l' opportunity to buy thfe fashionobls 11 stockings ot money-sovti frightened and have since been casting an increasingly wary eye at all applications for loans Even the stock market has lost its pep A glance at the course of the popular stock "averages" will show you that since early March stocks have been reactionary That is why I say Watch government bond prices they are the bellwether for finance in general and for the bond market in particular Possible Effects on Stocks Going back through the years you will firid thai a persistent and drawn-out decline in bond prices is frequently followed by a good-sized slump in stocks Studies show that the time lag between the fall in bonds and the later descent in stock prices varies Widely Sometimes stocks follow bonds down only a few weeks later At other times close to two years have passed before stocks have taken a tumble The reasons for this are not hard to find As bond prices fall the yield therefrom rises and narrows the gap between the return on bonds and the income tram stocks If the Old relationship between the two is to be re-established stock prices must decline Only during periods of feverish: speculative activity are buyers willing to overlook the need for getting a considerably bigger income from stocks as compared to bonds to "pay them back" for the greater risk that stocks carry However some of my friends i i 1 1 mm ew- 'ijmp -v This week only-' during North mont Week HARMONY HOUSE New Spring Shads: He began work in Texas as a field geologist for the Bumble Oil and Refining Co and in 1931 went to Venezuela as a geologist for the Creole Petroleum Corp Eight years later he was named assistant manager of the Venezuelan company Brice first came to Carter an 1942 as a director and vice presi- dent in charge of exploration be coming executive vice president in 1943 In 1945 was ran ef Brawl wispy nud tan 4 Clock Ton Orchid Mist Marigold Beige ARMLESS DAVENO shadow of mauve taupe light honey shade to the Jersey company in New- xorx as assistant coordinator of producing later! becoming coordinator: In 1949 he was elected a member of the Jersey board McKay Will Head Insurance Firm SALT LAKE CITY Agrtl 13 AP) President David McKay of the (Mormon) church has been named Head of the Utah-Idaho Sugar Co and the Beneficial Life Insurance Co I He succeeds the late Gecre Albert Smith president) Directors of Beneficial Life also named Stephen Richards as vice president and director Richards is newly appointed to the first counselor in the first presidency of the church Elder McKay has been a Beneficial Life director since 1922 and was made a vice president some years ago mom FtttUliMINOS sou owr iy SEAHS ROEBUCK AND CO Unusual 34th Specials! 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