The Daily Herald from Provo, Utah on April 10, 1975 · Page 15
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The Daily Herald from Provo, Utah · Page 15

Provo, Utah
Issue Date:
Thursday, April 10, 1975
Page 15
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Page 15 article text (OCR)

Exchange President In Profile NEW YORK (UPI) - Working as a clothing salesman hardly qualifies anyone as president of anything, but in Lee H. Berendt's case, it helped. It was while working as a clothing salesman that Berendt made a friendship with a customer that led him to the Commodity Exchange Inc., which he now serves as president. The Comex hasn't the visibility of larger exchanges in trie overall auction market, such as the New York Stock Exchange, but it serves as a center for the buying and selling of contracts in silver, copper and gold. Gold is a newcomer to the list, since trading in the metal has been legal only since Dec. 31. Still in his early 30s, Berendt has been exchange president since last August, a post to which he succeeded after several years as an aide to former president MatthewS. Fox. Berendt's association with the exchange, as it sometimes happens, came about by accident. Already a law school graduate and pondering what to do the rest of his life, Berendt chanced to strike up a conversation in the clothes store with a customer who happened to be connected with the exchange. Impressed with Berendt's quickness of mind, the customer suggested the exchange as a possible outlet for his talents. He was hired as assistant to Fox, then president and executive director, after interviews with the board of governors. With Fox's retirement in January, 1973, the governors chose Berendt as his successor, not without misgivings stemming from his youth and short tenure with the exchange. They gave him the title of "acting" executive director, removed the qualifying adjective four months later and then little more than a year later made him president. Berendt takes the honor lightly. "I'm not the youngest fellow who ever became president of a major enterprise. I'll try not to disappoint." Berendt is that rarity of "top- of-the-heap" figures whose home base is New York —a product of the city itself. He was raised in a middle-class section until the beginning of high school, when his family moved to Scarsdale, north of the city. He was graduated from Long Island University in 1965. He went on to Brooklyn Law School for a postgraduate degree. During his school days he picked up a job as a clothing store salesman to help finance his education. He worked there —briefly, as it developed — after he got his law degree. TEN-MONTH-OLD SCOOTER, a Terrier from Castro Valley, Calif., can't wait until the paperboy arrives each day. She's not especially interested in the news, but the rubber band around the paper fascinates her. Whenever she is given a rubber band she stretches It to a comfortable length and ftret it into the air. She then bounds after the trajectory, attempting to catch it before it lands. Classic Communist Takeover Begun in Portuguese Cabinet ByPHILNEWSOM UPI Foreign News Analyst Portugal's new cabinet is in the dassic pattern of communist take-over. It is the first time for western Europe but old hat among the small nations of eastern Europe who began falling into the Soviet orbit after World War II. The pattern never varried, and in the beginning the communists always were in the minority. First came what then were called popular front governments made up of a coalition of parties, including the communists. The next move was a communist take-over of key ministries, especially of the interior because that post controlled the police. Others included education, foreign and important posts in the economy. Then came the outlawing of all opposition parties. The new Portuguese 20-man cabinet has communists or their allies in the ministries of economy, finance, industry and transportation plus two ministers without portfolio. The new minister of the interior is Maj. Antonio Metelo, an army associate of Premier Vasco dos Santos Concalves, who is a sympathizer of the far left, if not a communist himself. The Socialist secretary general, Mario Scares, lost the foreign ministry to another army man, Maj. Ernesto Melo Antunes, considered a moderate in the left-leaning Armed Forces Movement. First job of the new cabinet will be to carry out policy decisions of the High Council of the Revolution which was set up right after the abortive rightwing military coup of March 11. The military leaders already have announced decisions to nationalize banking and insurance and to set the country firmly on the road to socialism. While Soares and some others persist in the public hope that the army eventually will carry out its original intention to bring democracy to Portugal, others are less than sanguine, including Portugal's fellowmembers in NATO. BOOTS FOR RUGGED! COMFORT Sixes 6-14 Widths AA-EE 38.95 Sears Drum Brakes Sim 7Vi-13 Widths B,0,i 39.99 Disc Brakes 69 89 Most American Cars Most American Care IN OREM HOURS: 9:30 A.M. TO 6:00 P.M. MOM. & FRI. 9:30 A.M. TO 7:30 P.M. RED WING SHOE STORE 62 W, CiNTBR - ORiM Next to Orem Pot t Office PHONI 224-2S5Q WHERE FIT COMES FIRST! Prices Effective Through Saturday, April 12 We fit brand new brake shoes, on disc pads. We carefully rebuild hydraulic wheel cylinder or front calipers, resurface brake drums or reface rotor, bleed all lines and add fluid. Install new brake springs and inspect grease seals. Inspect master cylinder, and hoses. On disc repack front wheel bearings. Disc brakes for front wheel drive, trucks, and some foreign and sports cars excepted. Use Sears Easy Payment Plan SHOP AT SEARS AND SAVE SEAKS. KOKBUCK ANP CO. Sears-Salt Lake 754 So. State Sears-Murray 6400 So. State In Japan Thursday, April 10, 1975, THE HERALD, Provo, Utah-Page!! Shoplifting Problems Increasing TOKYO (UPI) - Tokyo is a city where parents generally need not worry, although many probably do, if their children are not home by dark. This, the largest city in the world, is probably the safest city, in the world. Crime in some categories is actually decreasing. But some shadows, if not deep clouds, lie ahead. Many Japanese parents were shocked and perhaps hurt to learn that one in three of every Japanese male school students is a shoplifter —either a onetime offender or a habitual lightfinger. The report was made public by the Metropolitan Police Department, which was clearly more interested in the portents for the future than in the enormity of the crime. The MPD said shoplifting by juveniles shows that today's youngsters are losing their "crime consciousness," their sense of right and wrong. A noted critic on educational problems warned that the trend probably would spread. The department said 8,331 minors were picked up for stealing goods from stores last year. This reflects an increase of nearly 200 per cent in the past five years, and it is nationwide. One band of 10 junior high school boys stole merchandise worth more than $1,700 in one month alone. Shoplifting accounted for half the juvenile cases police handled last year, and there has been a marked increase among primary school pupils. According to a questionnaire, most students seemed to look upon this pilfering as a sport or a game. The situation has become so serious that the MPD has asked the Department of Education to take urgent steps. With the start of the new school year in April, the department promises to distribute a new manual on the students' responsibility in ending shoplifting. Compared with the United States, Japan's crime figures are impressive even though its population is half of America's. For the latest year's reporting period, Japan had 2,048 cases of manslaughter, 4,179 rapes and 2,000 cases of armed robbery; the U.S., 19,509 cases of manslaughter, 51,002 rapes and 382,683 cases of armed robbery. "EARLY I BIRD" -\ TENNIS SALE • See Pg. 13 -'Today's Paper The Soviets also are acting as if they have found a new friend in the west. Portugal and the Soviet Union re-established relations shortly after last year's April 25 coup. A Soviet mission with a listed staff of 35 was opened in the summer. The actual number of the staff is believed to be about double the listed number. Early this year it was disclosed the Russians had made an urgent request for port facilities in Portugal for ts Atlantic fishing fleet. Besides catching fish, these fleets long have been assumed to supply the Russians with reconnaisance information gathered by the most modern intelligence equipment. Portuguese port facilities would place the Soviets at both ends of the Mediterranean and would supplement intelligence already being gathered in the Atlantic from facilities in Guinea in Africa and from Cuba. mates MEN'S JAYMAR SAHSABELT SLACKS You get a great fit from these slacks. Styled with stretch waist band in ban roll. Made of easv to care for 100% polyester. All with unfinished cuffs. Available in assorted solids and patterns in waist sizes 29 to 41 From .37 50 MEN'S MUNSINGWEAR GOLF SHIRTS Great for golf. Made of lightweight knit polyester cotton blends tab front and collar. Available in assorted pastels, white, navy and brown in sizes S- M-L-XL From To 16 00 SUMMER SHORTS crease. By The Red Eye 10°° Great for golfing or any summer activity. Made of easy to care for 85% polyester 15% cotton knit Styled with zipper front with button waist band with decorative stitching along the CASUAL TOPS by SKUPRA Cool casual tops for golfing. Styled with scoop neck and top stitching to accent seamlines. Made of 55% acrylic and 45% rayon. For the person on the go. ARNOLD PALMER "GOLD CUP" GOLF SHOES LADIES'FOOT EASE GOLF SHOES tni built eidvtNlf l«r («H|ri. Pdwre mteW b n««*y Mtt m* wtltari Id <*Ht> But top iw fiffl «Hfc to vm t* Mb W win fert i Itth tMlw. MM* in litter UK! I iMtt w tow I »«(i. 29 Mtde l9f DM Wj {««« JtiW lift ml w»*art al* fv (nit* cwfot KM MI rtwM fcW t* «rf MMN dMtt t« k«f> IW *! t» «M Wn*| jnl i jjtfe Wttor «i»W* in kw» * !*»« «r «MI i 27* NUMBER 1290 SOUTH STATE, OREM IN SPORTS! PHONE 225.9500

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