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Show if.:- - RN AMERICANA t . ' ' , i c p f f T . 1 " a v r- - :lc THENATIONAL - V V'. Business news and commentary 50 cents Volume 6 Number 42 Utahs counting on business for energy conservation Two Cs, Conservation and Coal, make up the backbone of Utahs new energy policy, according to two of its authors. Assuming the state, as well as the nation, faces a serious energy shortage, the plan prescribes immediate action to stimulate development and encourage conservation. Industrial users are the largest consumers of energy, states Cliff Codings, state Thereenergy coordinator. fore, the greatest potential for energy conservation lies with business. Large companies can obtain the capital to finance conserhe con- vation measures, Pointing to President Carters apparent willingness to help find a solution to the sugar industrys present price dilemma, Cannon said that although the market is strengthening, prices are still not where they should be. Few people realize the current retail price of sugar, in terms of constant dollars, is less than it was in 1940, he said. That doesnt offer much incentive to sugarbeet growers, whose operating costs have escalated almost every year. Sugarbeets are grown on a participating-typ- e contract, he explained. The payment, or the price the grower receives for sugarbeets, is directly related to the market sugar price. The grower and the processor participate in the net returns from the sale of sugar made from the growers beets. Under market conditions of the past year, those and they arc in a good position to reap the long term economic benefits that result. It is a cost benefit quotient and business has the most to gain, he says. Regarding coal, Judd Key, state planning director, says coal should meet a major portion of the state's and the returns were less than the cost of production. The industry has weathered some pretty bleak times in the past, Cannon said, and Im sure it will weather this one. Cannon cited imported sugar and drought as two of the industry's most immediate problems. Sugar has long been a political commodity as well as an he agricultural commodity, Our country still imsaid. ports about 45 percent of its sugar needs, and this trade traditionally has been mingled with international politics. Regarding the drought, he said many of the nation's sugarbeet growing areas are starting their growing season with soil moisture and irrigation prospects far below nor- demand. He points to increased coal production as a key element in the newly published energy policy. The economy will be strengthened by attracting various energy consuming industries, Key notes. He adds high wages paid to coal mines could stimulate the economy in Utah's historically Coal depressed counties. mining will be one way of leveling out the bust or boom' phenomenon Utah has been plagued with, Key says. Energy Corridors conserve the as well as energy, the plan addresses the subject of energy corridors. Energy corridors should be studied to determine their economic feasibility, Key states. He says energy development should be sited in areas that do not conflict with known scenic, historic He says the plan values. seeks a balance between economic and environmental conIn order to environment mal. cerns. Water conditions in our beet growing areas of Utah, Idaho, Washington and Oregon vary considerably from one area to another, Cannon said, even from one locality to another. (See SUGAR, page 9) Since Utahs mountains are but the majority energy-ricare owned by the Federal h, government, the plan states Utahs industry should be guaranteed access to the min- (See BUSINESS, page 5) Banki Nevw;;;V;;.;,t;5W;iv:ai'vS.Page,,2 sS?. Mortgage Rat es. .. . . . .. . .. . . , Page 15 ' t a political gag, Marriott says Aw- W'Vv s , . & ' t ; A;!',r- V ; t. ' - ; 1 ' ' v .X.X.V 'Sj. ... w f jtf ... ",, C'v. A ivlsv , 'f " ; AlA. : X , X ' 22-2- 3 Page r.. " r a .S? v .''A. jf ' ' s J'v f . f . r ''" A'. ' Howard Clarks construction deadline bumped a year City commissioners have ex- tended the construction date for one redevelopment project and postponed making a decision about another proposed development. The commissioners have given exHoward Clark a one-yetension on his agreement to begin construction of an office ar building at the northwest corner of 2nd South and West Temple. And they decided to wait until May 13 to accept one of two bids they received for developing property at the south- east corner streets. of the same Clark purchased property from the city under the condition he would begin building by June, 1977. Recently, during a meeting of the Redevelopment Board (Salt Lake City Commissioners), the construction date was extended to .June, 1978. In April, 1976, Commissioners extended the date after hearing Clark present evidence the property is needed for parking space. Located next to Arrow Press Square (of which Clark is managing partner), the prop Rep. Dan Marriott told a Chamber of Commerce meeting last week the Central Utah Project funding is a political gag. Its a move by the Administration : v .4 In his first address to the business community, CUP funding is a. V s 'Nwpofift tinues, nations increasing energy Sugar prices are still too low Recent weeks have seen a significant improvement in the sugar market, according to Rowland M. Cannon, president of U and I Inc. i" to appease the environmentalists who are running the the junior- - Republican conWhite House, gressman charged. Marriott told his luncheon audience the water project would be funded, but in a modified The Interior, Budget and Appropriaform. tions committees are in support. In fact, too many powers are in support. Even the House Democratic leader is behind the funding, Marriott said. erty is now used as a parking Clark points to the lot. number of new restaurants being established at the Square, saying customers of the entertainment complex need to park nearby. The decision extends by four years the original construction deadline. The property was razed in 1969 and in 1970 was sold to West Temple Associates, a partnership of Gark, George Learning and Skaggs Drug Centers, Inc. At that time the construction deadline was set at June, 1975, with the understanding Skaggs would build its corporate headquarters oh the site. In April, 1976, Clark assumed ownership of the property himself, after commissioners dissolved the former agreement with West Temple Associates, due to failure to build. Having heard proposals two weeks ago from two newly formed groups, wanting to purchase and develop property on the southeast comer, commissioners decided they would announce their choice on May 13. The two proposed (See CONSTRUCTION, page Marriott appeared before the Chamber group to review with them national legislation impacting private enterprise. A member of the Interior and Insular Affairs Committee, Subcommittees of mines and mining, energy and environment, water and power, and the Small Business committee, Marriott said his voting record, to date, is 100 percent. Thats more than other senior congressmen, he said, adding he thinks their record to be less than adequate. But he moved quickly to an overview of federal legislation aimed at businesspeople and their pocket books. (See MARRIOTT, page 4) 1- - |