The Ogden Standard-Examiner from Ogden, Utah on October 3, 1971 · Page 58
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The Ogden Standard-Examiner from Ogden, Utah · Page 58

Ogden, Utah
Issue Date:
Sunday, October 3, 1971
Page 58
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BUSINESS & FINANCE TAKING STOCK Mortgage Loans Hit New Peak By CLIFF THOMPSON Utah savings and loan associations have set new annual records in both savings and mortgage loan volumes with three months still to go in the year. At the end of August, the associations had approved mortgage loans totaling $136,675,796 for the year. This was more than $11 million more than the! $125.2 million for the entire year of 1963 which was the previous annual record. The associations also recorded net havings increase of $69,306,073 through August which far exceeded any previous year's total savings gain. -While the total mortgage) volume surpassed the previous! annual record in 'August, there were' fewer loans, reported Emerson L. Hardy of Salt Lake City, chairman of the Utah Savings & Loan League public information committee. Mr. Hardy reported the $136-6 ' million volume through August represented 4,729 loans. The §125.2 million for 1963 included 7,743 loans. • He pointed out both the number and volume of loans through August of this year were more than double that of the similar period of last year. •Through August 1870, the associations made 2,098 loans totaling $52,590,012. Mr.- Hardy also noted the "rapid growth in savings' is continuing. "Savings growth , during August was ?5J80,403," he reported. "This brought the net savings gain for the year to 589,306,073, far exceeding the Ogden Standard-Examiner,' Sunday, October -3, 1971 performance of any previous year. "Insured savings certificates appear to be more popular in Salt Lake City than passbook savings accounts," he said. '•The opposite is true in other T ,._, •^•-- wnere insured Bountiful Firm Buys Ogden Retail Store Purchase of the Buehler Bingham Inc. retail store in downtown , Ogden by Mac's Clothes Tree Inc. of Bountiful was announced Saturday. •Mac's is a subsidiary of Smith Management Corp. which .also operates 58 supermarkets in the West including Smith's Food King markets in Northern Utah. The sale of the retail store at 2407 Washington is effective Monday, said Mac Christensen, "THOMAS b. DEE n Succeeds Father Elected to Board Ogden banker Thomas D. Dee II has been elected a director of the Utah Construction & Mining Co. Utah cities savings and loan have office." • In Salt Lake City the increase in the amount He succeeds his father, Lawrence T.' Dee- who retired after more than 25 years as a director of the San Francisco based firm.. Mr. Dee is a vice president associations ! ->nd member of the advisory { board of the First Security net of Bank of Utah. He also is vice president and secretary of LEWIS CRAFT and Decorating has moved into this new 10,000-square-foot retail store at 3545 Washington. "~ CRAFT CENTER U N EMPLOYMENT DROPS Jobs Reach 1971 High The tomato harvest and the during the month while con- start .of .another school year, struct^ _ ^portatto^and pushed.Ogden area employment to its highest level in 12 months during September. Total Ogden area employment at the end of September is reported at 71,310, an increase of 860 over August and the highest since the • previous September. At the same time, the area's unemployment rolls dropped to the lowest level in a year as the new school year pulled a large 'segments slight declines. number of students labor market. out of the The Ogden Employment Security Office reports non-farm employment in the area climbed by 640 during September while agricultural jobs increased by ^. w _____ in the Ogden area employment report are Weber, Morgan and North Davis counties, including Hill Air Force Base and the Clearfield Freeport Center. 460. Included increase in uie amuum uj. r- —— — (.— .CU rv certificates was $1.835,575 while Thomas D, Dee Investment Co. passbook savings increased by | and a director of Utah Packers LOSING GROUND "The tomato harvest Respite the sizeable increase in school employment, overall government payrolls recorded only a 180 job gain over, the previous month. "This reflects a downward adjustment in federal government jobs centered in the local military bases," Mr. Rich said. NORMAL DROPS Unemployment took its normal September drop as students returned to school. The current jobless total of 4,660 is an 860 decline for the past 30 days and 70 under a year ago. Local unemployment now stands at 6.1 per cent of the labor force, compared with 7.3 per cent for August and 6.2 per cent for September -1970. Mr. Rich reported employers have placed 5,476 job openings w.ith his office thus far. this year. This is a 20 per cent increase over the similar period of last year. "This could . reflect _ a somewhat market," Mr. b' noted there also are indications that firms are making increased City and one each in Ogden, Clearfield, Bountiful, Logan, Pocatello and Boise. It became a subsidiary of Smith Management Corp. two months ago. Headquartered in Riverdale. Smith Management Corp. operates 32 supermarkets in Utah and Idaho under the names of Smith's Food King, Warshaw's, Shelby Foods and Mark-It Foods. president of Mac's Clothes Tree] Smith's also recently acquired Inc. Ad Ferguson, one of the founder.? of Mac's will manage the store with Kent Brown, another 26 supermarkets in the Los Angeles area from Vernodo Inc. Smith Management Corp. is the outgrowth of a food store as Mac's employe, manager.' NO CHANGES Mr. Christensen said , changes are planned in store's 30-plus workforce. improving Rich said UIC 3 JU-(ylU5 Yt\SlI\L\JLH.. I . f . He said the name of the store Associaaon : Retail Firm Moves Into New Store A 25-year old retail firm has , , „,-.,, Mr. ana ivirs. iwinieui a. om%- moved into new quarters at 3545 j ham am j R H Wagner. Mr. Washington. Wagner is expected to remain Lewis Craft- & Decorating with * e store ' Mr - Christens*. 'assistantj operation that originated in I Brigham City at the end of | World War II. no | President of the corporation is {he (Dee Glen Smith, former presi- j dent of the Utah Retail Grocers will be changed to Mac's Clothes Tree in the near future. Buehler Bingham Inc opened the store Dec. 8, 1947 with 14 employes. It was founded by Mr. and Mrs. L. Clyde Buehler, Mr. and Mrs. Norman B. Bing use j.11. j,iii3 ^ii. ^ ijii^ii"-^ ~-,— _^_ - — of the job placement ser-| moved into the 10,000 square said. vices of his office. The outlook for the next 30 to S9 days will be closely linked to | feet facility from 325 24th where it had .been located for the past weather conditions. Construction and manufacturing jobs will decline as cold weather restricts outside activity season, and ends the Mr. Rich said. harvest 18 years. Formerly Lewis Hobby Cen- Donates Equipment Almost $31,000 worth of automotive equipment has been donated to 11 Salt Lake City area schools by Ford. Lincoln- Mercury and Ford tractor dealers. Included are 13 engines, five In 1953, the store size was automatic transmissions, eight doubled in_an expansion that | standard transrniss i ons and four conditioners for use in' and boys'-clothing. automotive technician courses On the other hand, retail trade will begin its holiday season expansion, building to a peak in mid-December. "Also bolstering trade employment will be the opening of a new retail food store in Clearfield which will add about 50 people to the job total," he said. was! ;j57S,566 during August. Passbook savings increased Inc. He also is • second vice 1 aSSOvOK Setvmys iinjicdocu --- —'- — , ~ j bv S2 332 572 in other Utah cities I president of the Greater Ogden While' savings in certificates!Chamber of ^Comnierce, Climbed by $1,033,690. Approved Dividend i^^-^ ^McKay-Dee Amalgamated Sugar Co. I Hospital governing board and directors have approved a 40-jpssl president of the Ogden cent per share dividend on|Kotary Club. to Stockholders P of record Oct. j Ogdenite Elected 15 j Ogdpn construction executive The board also set the annual i William E. Eccles has been stockholders meeting for Jan. j elected to membership in the largely responsible for the bulkj of the increase in farm em- ! ployment and a 430-job gain the manufacturing segment inj . of | of C o m m e"rce, j non-farm -employment" saidj treasurer of the Bonneville | Harvey N. Rich, manager of the I j chapter of the Boy Scouts of j employment office. j jA._< erica, treasurer and! "However, it is evident that! FIRST IN MONTH Stocks Make Gains In Mild Turnover ter, the firm was founded by Ernest Lewis following his cMs- :harge from military service in 1946. Mr. Lewis said' the new store, about three times the size of the former- one, was necessitated by continual -expanding sales volume. He has expanded his merchandise line to include craft materials', novelty items and other merchandise for Mac's also purchased Wickles Store in Logan in mid-September. EIGHT STORES Organized Aug. 1. 1967 Mac's operates two stores in Salt Lake in the schools. the Gets Sales Award Eugene . Gizinski, manager of Zales Jewelers at 2431 Washington, has received a top sales award by his company for the fourth consecutive year. Mr. Gizinski, who has been , ,, , ,,-,-.. with Zales for 17 years, was "hobby and craft do-it-your- comrn ended ' for excellence in the canning industry is consistently losing ground in the Ogden area," Mr. Rich said. " "For example, the September 20. 1972. National Asphalt ' Pavement Association. Mr. Eccles is vice president of Gibbons & Reed Co. With more than 800 members the association represents the hot-mix asphalt industry in the United .States, "The association finances an independent research program' , to improve the quality of hot- i mix used in highways, airports, NEW YORK (UPI) — stock market weathered a bar rage of unpleasant news as it posted its 'first weekly gain in a month. Turnover was moder- peak of five years ago was atg _ more than 800 higher in the, A " side from bargain hunting canning industry "" * 1 "" year," he reported. The second major industry that this cause for September's employment increase was the beginning of the new school year. MINOR CHANGES Mr. Rich reported school districts in Weber, Morgan and North Davis called back or newly hired 750 employes. Elsewhere, employment fluctuations in the area were of a minor nature. Trade employment climbed MRS. CARLOS LITSTER Heads New Endeavor Opens Gift Store A Kaysville couple has opened a branch office of World Gift Imports Inc. in that city. Mr. and Mrs. Carlos Litster will operate the business at 1007 j Manchester featuring imported 1 interior decorating items. Mrs. Litster said the store will offer decorating items and services imported from countries throughout the world. rrTeational areas and other j Trade employment climDea facilities," Mr. Eccles said. 'by 110 and finance by 10 jobs NEW BUILDING RISING AS CREDIT UNION HOME Construction is under way on a new office .building for the Ogden Government Employes Credit Union. . The 5,600 square foot, two-story structure is being erected at 2780 Adams at a cost of $142,' Union President George Pederson said the building is expected to be ready for occupancy by mid-December. . ' Chartered March 6,1931, the union' has about 4,000 members and assets of $3.5 million. Its membership is comprised of Ogden area 'federal workers exclusive of those at military installations. and long term optimism about the economy, there was little to encourage buying of stocks. Traders worried about the chaotic world monetary situation, ths unanswered questions about phase two of President Nixon's economic program, and a drop in the government's - index of leading economic indicators in August, A strike by east and gulf coast longshoremen at the week end also made traders a little nervous, although there was widespread belief Nixon would invoke the Taft-Hartley Act before things got out of hand. For the week, the NYSE common stock index registered a | gain of 0.40 to 54.66. Standard seller." , j diamond marketing and , Mr. Lewis operates the store! achievement of sales goals. The award was presented by Zales President Selwyn Leeds at with his wife and son. Hours are 10 a.m. to 6 p.m. piijt ^ Mondays through Saturdays, j Dallas, Tex. "The ''company The store is closed Sundays. ' operates 519 stores in 49 states. the firm's managers meeting in Dial Finance The one for the money 2958 Washington Blvd. 39«-2601 2542 Washington Blvd. 394-4S93 The & Poor's 500 stock index rose 0.78 to 98.93, while the- Dow Jones industrial average climbed 4.67 to 893.98. Advances top-i ped -declines, 851 to 788 among | 1.851 issues crossing the tape. NOW... Volume for the five days aggregated 56,965,120 shares, down from 61,173,880 shares a week earlier, and also well below the 72,245,038 shares traded during the year ago period. A University of Michigan survey on consumer buying intentions also had bearish implications for Wall Street, but like everything else it, too, had little impact on stocks, as bargain hunters bid up the recently depressed stock market. According to the university's survey research center, Ameri-i can people generally back Nixon's wage-price freeze but are quite pessimistic about its achieving any early success in slowing inflation unemployment. or reducing Earn More in Real Estate Economists predict heavy real estate activity j n the years just ahead. Scores of Utah men and women have found a place in this profitable profession through the nationally known Weaver Real Estate Course taught exclusively in this area at Stevens Henagcr College, which has been conducting courses for over ten years. T.ach« Practical Subj«!i. Prepares you to obtain an'exccllent position •with an established firm, operate your own business, or to handle your own personal real estate investments. Sublets inelod.: Real Estate Sales • Appraisals • Rentals • Property Management - Loans • Mortgages - Real Estate Law - Insurance. Mr. Ben VanDeGraff, Executive Secretary, Ogden Board-of Realtors, is the -instructor. Phone, call or write for-reservations at once. New class begins Wednesday, October 13, in Ogden and Tuesday, October 12 in Salt Lake City. FREE DEMONSTRATJON on that evening, 7:00 p.m. Classes continue that evening for 17 weeks. Approved for Veterans Training. ["""CLIP AND MAIL TODAY Yes, s«nd me a copy of your ( 1 real estat* catalog, without obligation. | SUNDAY TV LOG •cifT taX« City—370 So. 7th f. 364-6361 OgcUn—2540 Ogd«n Av». 39973715 Equal Opportunity Employer I Name «- -••I • -•• : • ' • I Address -•- - - • I City - - v -Phone.......... ! STEVENS HENAGER COLLEGE I A Junior Col!tgt_of_Businfss___^ .OGMH: 2M1 Wg.h. |I«L- 3M-77?! • JAIT1AKI: MO S». J»»»»lk lait - JM-7711 •Denotes Color . . SUNDAY, OCT. 3 MORNING 7:00 O Science in Agriculture '@ There Shall Be Heard Again* 7:30 0 Faith for Today 3:00 O Sacred Heart 8 O Reluctant Dragon* @ The Rex Humbard ' Show* 8:15 'O From the Cathedral* 8:30 Q Herald of Truth* 0 Here Come the' Double Deckers'* 9:00 Q The Answer* GJ Bullwinkle El Day of Discovery* 9:30 O Notre Dame Football— " ' Michigan State O Make a Wish* 0 Tabernacle Choir 10:00 O Oral Roberts" €J LDS Conference* 10:30 0 Meet the Press" • Q This Is Your Life* 11:00 0 Pro- Football, • San Diego and Pittsburgh* Q Directions* 11:30 0 Issues and Answers* AFTERNOON 12:00 Q College Football '71* .0 Face the Nation* • 12:30 0 Sunday Matinee Theater, "Tammy and the Doctor"* with Sandra Dee, Peter Fonda Camera 4* Baseball, National, Eastern and. Western Divisional Playoffs*, v TEA •••'• ':'.' ; ; ;;• LDS Conference* Untamed World* , 3:00 O Sunday Family Theater, "Trouble in; Journey" with '\ .''"'.-/ - Scott Brady • 4:00 <0'-NFL, Chicago Bears vs. 'Los Angeles. Rams* (In Progress) 1:00 2:00 .. ;O <0 2:30 5:00 O Wild Kingdom* 'Q Nanny and the Professor* 0 Cougar Football with Tom Hudspeth 5:30 O Wonderful World of Disney 1 ? O Weekend Movie, "4-D Man"* with Robert Lansing >0 CBS Sunday. Night ' Movies, "To Sir With Love"* with Sidney Poitier EVENING 6:30 O Jimmy Stewart Show* 7:00 O Bonanza* O The FBI* 7:30 0 Cade's County* 8:00 Q Neighborhood Theater, "The Battle of the Villa Fiorita"* with Maureen O'Hara, Rossano Brazzi ig| ABC Sunday Night Movie, "Von Ryan's • Express"" with Frank Sinatra, Trevor Howard 8:30 0 All in the Family* 9:00 0 Gunsmoke* 9:55 '0 Scene Tonight* 10:00 0 Channel 5 Eyewitness News* 10:30 Q Weekend News* 10:25- 0 Sunday Night at the . Movies, "Young Man With a Horn" with Kirk Douglas, Doris Day 10:35 0 Football With Meek* 10:45 Q Weekend News* 11:05 0 Channel-5 ', Eyewitness Report* 11:15 O.; Sunday Night Movie, ' • . "Experiment in' • Terror", with • Glenn Ford,Lee Remick 11:35:0- Sundav: Night . . -- Theater, "The Big . - ^Beat"* with , William Reynolds, Jeffery Stone R&GUUR $21.99 NOW, II iadudes tascasd 200-WATT BULB * packed -free with iarqp Wonderful for Hie student in your home Offer for limited time oniy * Helps avoW eye fatigue • High level, even lighting glare-free Durable, washable polypropyterw shade- Approved' by Better Light, Better Sight Bureau To order your'LumWon II Better Light, for Better Sight Desk Lamp, mail or bring this coupon tec Century Lighting Center 259 31st Street Ogden, Utah 844O1 Century Lighting Center Name ^ Address 1....'..'.......: City J -,,.,, State.... .... Zip Make check for $11.99 payable to Century Lighting Center 259 31st Street Ogden, Utah 84401 Telephone 621-1632

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