The Salt Lake Tribune from Salt Lake City, Utah • 26

jj. frrA Ttfriii'WiTTriff ujji 11111" r-jr QT -r -flU'njfjfriirgij-ii fTTfil Tjlifi n.r Tiy-ig- riyfy. iij gyr pa p-mv ft The Salt l-rtke Tntmne, Tuesday, April 18, 1978 Ad rics MIIIPP SI 5 1. lV S' Expansion Fin islwd At Printing Finn Market rading Explodes Ford Hikes Price of Compacts By fieiald Connoi New Yoi New NEW YOKKIn a frenzy of trading that SdM ti record 03 5 million shares change hands on the New A ork Exchange Monday stotk prices adv anted sharply with the Dow Jones industrials up 1 1 99 to MO 12, the highest close suit the 813 .78 of Jan 4 A i'WO IH remixMing program Press has tx'in compieieii ai liie ficm 1900 23rd Smith The six mouth piojeet was under rout i net with Tillaeo Constitution Company of Salt I-akt itv Work m(lved remodeling the existing building along with a new 26 IKXl square foot waiehmise addition gi me a tiital ssu of square feet In addition to the warehooee and oftiee work other changes im hided a larger luiuhioom, linker and restroom facilities The press facilities were also expanded Publishers Press cm plus 77 of it and pr odu ion personnel Manager Paul (it ecu said the expansion will allow growth in output and in the miinlier of employ ecs Puhlixhei business ill Mr. Larabee Tradewinds Mr.

The action, heaviest in the 186-year history Big Board, smashed the mark set Friday, shares moved Bids for big blocks of stock hit the Big Board trading flixir with machinge-gun rapidity, forcing the highspeed ticker tape to lag by as much as 11 minutes The tape ran late for the first 3 hours and 19 minutes of the six hour session First hour turnover of 17 480, (XX) shares also set a record, up from the previous peak of 14,970, (XX) reached las! Friday As was the case Friday, institutional and loretgrt buyers did most of the trading, with blue-chip and glamor issues snapped up at rapidly ascending if the hen pines In the final 'XI minutes however there wa some selling of blue-chip items as the Dow Jones peaked with a plus 22 18 at 2 50 One analy st said that the mat ket feeding on itself stressing that the nation's economic fundamentals have not changed Baehes chief market appraiser, Larry Wachtel, pointed out that the action is in the big blue-chips "which have been shunmxi and ignored for 14 months Strengthening of tne dollar also heartened investors, he said In the Ituying forefront. Wachtel noted, are foreign inv estors mutual funds and hank trust departments Professionals seeking to cover short positions were also in evidence However, a note of caution amid the general euphoria The Dow Jones index of 13 utilities unteiest rate sensitive issues) lost 0 37 Of the 1,937 NYSE issues drawing bids, 1,050 moved higher versus declining in value Standard Poor's average of 4(H' manufacturing stoi ks gamed 1 80 to 104 1 1. a new 1978 high New York Stock Exchange Chairman William Batten called the action "great, just great," pointing out that many who missed the sudden turnaround Finlay were busily stuffing portfolios so as not to he shut out Nevertheless, the "bandwagon" effect seemed to he wholly professional in nature as broke! noted the absent of major participation by the small mv cstor The massive volume drew attention to biokerage shaies that improved markedly, much as they did Friday Merrill Lynch chmlied 1 4 to 1XV while F. Hutton tumped 1G to ION Baehe Shearson and Paine Webber tacked on fractions Seafood Place Opens brothers Muhael and Mark Weilenmann will open a seafood te staurant and maiket May 4 at 1118 Fort I mon Bhd GJ1' t-u to ho called James Bartley Seaman The 6,700 square loot restaurant will se.it 220 The Market In Brief New York Stock Exchange Monday, April 17, 1978 DETROIT (API -Pru iik i asi on small cats to another manufacturer Monday as Koid Motoi Co an nounced an immediate I 9 percent increase on the Ford Pinto, Mustang II and Meriury Bohc at cars The price increase av el aging $'4 jer model, is the second on Fold small tars in three months and puts its bottom line Pinto Pony oer the $3,000 mark for the fn st time In Step Kurd's action keep1, it in step with General Motors Corp which lias twite txxisted pi ices on Its 1978 Mibcompait Chevrolet Chevctte and the two smaller tar manufacture! Tht increases by domestic automakers are smaller than those posted over the last 18 months by Japanese and German manufacturers the dollar fell again the Japanese yen and West German mark Sixth Increase Toyota, for instant e. last week increased prices lor the sixth time in 12 months, for a total average meiease of 21 7 percent II.

S. Steel Production Up UP 1,061 and employ 80 affording to Michael Weiletimann It ill he deem at Oil It nautical Hems Legend has it, says Mi 1 1 ii a that Seaman Bartley was swallowed by a whale lied in its stomach and was disgorged alne am! Sleel Institute xrted Monday The industry's produe tion amounted to 88 2 percent of its capacity during the week compared with 84 2 percent in the previous week John Buck 2547 NEW YOhK i APi -Steel production rose to 2 679 million net tons in the week ended April 15, an increase of 4 6 percent from the proceding week's 2 560 million net tons, the American Iron Douglas Larabee has been named an assistant vice piesident in the document processing department of Zions First National Bank Dick Bradshaw h-s been named head of the new Salt Fake division if the American Computing Center at 1864 State Joan Becker has Ix'en named opera turns officer at the Eighth South office of First Sec urity Bank of Cl. ill A Albert Burrow has been promoted to regional business de velopment administrator for Person to-Person Fi II.IIH ill Center's von sunier sales finance of fu Stephen Crawford has been prom oted to opiTtitions officer at the Central Operations Building of First Security Bank of Utah NA George S. Diumenti II, Alan Murdo and Barry (rough have applied to the Utah Department of Financial Institutions for IH-rmission to establish a unit hank, Rocky Moun tain Bank of Bountiful at 18 571. Mam in Bountiful David 0 8- 2-YEAR CERTIF.

V2 1-YEAR CERTIF. 60 0 PASSBOOK Station Receives FCC License Crawford Ms Rat ker and Associates has lxcn selected to do on site development and beautification for the le-nodeling of the Hansen Building on Post Office Place CIO South' he tween Mam and West Temple St Rocky Mountain Machinery Co Salt Lake City ha. lx in named "Mining Distributor of the YeaC for the Pittsburgh Pa based AICO Firm Air Ijks in Incomu ST PAUL Minn Burlington Northern Inc on Monday reported a shall) decline in first quarter net income from a year carle Net income foi the three months ended March 31 fell to $31 9 million, or $2 29 a share from $13 7 million, or $3 45 XT share, foi the first quarter last year Louis chairman and chief ex ecutive officer, said eon solidated revenues for the transportation and natural resources firm rose 1 3 percent to $562 2 million from $-198 million in last years first quarter NOTICE OF UNCHANGED 345 'TOIkQesfle DUsur VOLUME 63,510,000 SHARES ISSUES TRADED 1,948 52.69 .75 94.45 1.53 810.1214.99 Associated Press Chart mg System (ITS) began pilot operations at noon Monday, linking the New York and Philadelphia exchanges. They will be joined by the Boston and Pacific exchanges wifhm the next several weeks, and the American and Midwest exchanges will become part of the network the near future Initially, 11 issues will be available for trading through the system Up to 200 more stocks are expected to be added by the end of the summer, and by year end all dually or multiply listed stocks are to be included Prospectors Gear For Pro or Fun Gold Pans Slucies Picks Metal Detectors Mineral Lights Compasses Geiger Counters How-to-Books GallenscrVs 220 So Suite 328 2016 iar Save on these Used 1974 1975 DOWN 542 N.Y.S.E. Index Comp.

Dow Jones Ind. Astro, Titan, Pete and Mack Tractors, pis many new units. USED (18) 1974 1975 Astro. Titan and Pete, all PRE-121 Low mileage, 350 engine. 13 speed transmission, 38 000 rear, 10 00 22 on Budd Price $16,500 on 1974 s.

$21 500 on 1975 Slock Link Unveiled (1)1975 Mack 375 MAXIDYNE newonqm, COF 250 10 00 22 radials Price $21 500 Call Collect (206) 623 NEW YORK (API-An electronics network that eventually will link six major stock exchanges was unveiled Monday, marking a major step toward the national market system mandated by Congress in 1973 The Intermarket Trad- HEARING 1MMERCE FIRST THRI 1735 So 3rd West Salt Lake City 486 5141 Listeners Community Radio of Utah, a non profit corporation, has an a FCC construction mt-nut for a FM station at Westminster College, Stephen Ho! brook, project director, announced Wednesay Mr Holbrook said the station may be in operation by September T'ne station would pro-vtde a forum for minorities, communities, senior citizens and others Parker Nielson, a Salt Lake attorney who is chairman of the board, said the station also would broadcast meetings of governmental units suih as the Salt Lake city and county commissions Mr Holbrook, who also is a Democratic state representative, said work on the station has Ix'en under way for two years Initial funding or in lieu services have been provided by a number of individuals and organizations including Bonneville International, KSL, the Salt Lake City and Salt Lake County Community Development Depart Livestock Loans tpr your production oeeds-. feed stock. equipment Le talk' Och Phiiiip Mgr Utah livestock PCA SLC Q01 322 5b03 Ws PARAGON TRANSLATIONS W-O. BOX SALT LAKE CITY, UT. (801)466-0130 Alt languages All types of translations Prompt, professional confidential, reliable Most competitive rates ments, and the ABC Foundation, an affiliate of the Episcopal Church Mr Holbrook said Directors include James Barker, a Salt Lake attorney.

Dr Virginia Krobes, retired University of Lltah vice president, Ms Zelma Brundage, Utah COPE director for the AFL-CIO, Salt Lake City Commissioner Glen Greener; Dr Patricia Atkins, Westminster College faculty member, Ron Arimaki, of the Japanese American Citi zens League, Eileen Hansen, of the Central City Neighborhmxl Council, Stephen Harm sen, Salt Lake attorney, Wayne Hurrocks, chairman of the West Side Community Council Catherine Hoskins, of the Northwest Neighborhixtd Council; Hermoine Jex, of the Capitol Hill Community Council; Robert Mareri, of the Peoples Freeway Council, Jim Nelson, director of the Redwood Community Council; Diane Orr, KUTV film producer and director for KUTV, Juanita Robison, of the NAACP, the Rev Harry Swciter a pastor of the First Presbyterian Church, Paul Whar-ton. University of LTah law student, and Raymond Briscoe, of Wasatch Opinion Research, based at Westminster College frt Hour Recorded Quotes Call 363-2202 Daily Market Commentary and Trading Stiategy Sponsored by Smith-Barney NOTICE IS HEREBY GIVEN that on Thursday, April 27, 1978 ot 10 00 a in Room 301 City and County Building, Salt Lake City, Utah a public heormg will be held before the Board of City Comm ssioners to give the reside its of Salt lake City an opportunity tor in put egoiding Downtown traffic circulation including the proposed relocation of the Brigham Young Monument from its present site at Mam ond South Temple Streets to one-haH block north on Ma-n Street, between South Temple and North Temple Streets All persons interested ana present at this meeting will be given an opportunity to be heard in this matter By order of the Board of Commiss'oners of Salt Lake City, Utoh, this 1 'th day of April 1978 MILDRED V. HIGHAM City Recorder (Sbvgiry (go where you can earn up to 972. It till done bv m.ul Chixise anv of our suv mgs. plans and umdiivt the whole Uansactmn from vour lixal m.ulimx At 'Commercial 'milt you e.in get ler interest on shorter ma tun ties And you can withdraw early still earn our regul.ir saving rate.

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