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Show t rnoday, 16 february 20, 1978 ' V- y v v Gulf Oil and Fed optimistic for Utah Silver King Last Overall, the argued that holds considerable continued ink pact mise for the national and the strongest sustain year, U.S. economy to one of and most prolonged expan$2-trilli- Silver King Mines has agreed to give Gulf Oil Corp. a 51 percent interest in its 13,000 acres of silver properties in the Ward Mountain Mining District, 18 miles southeast of Ely, Nev., if Gulf will spend $10.5 million over the next seven years exploring and developing the property. Silver King president K.L. Stoker said Gulf must either spend the $10.5 million or pay $5 million in cash directly to Silver King over the same period of time in order to retain the ownership position. If the properties are placed into production, he added, Gulf would become the operator with Silver King either 9 participating under a percent joint venture agreement, or Silver King accepting a 16.5 percent carried net fine Hang spas for lease 555 Broadway Building ' 555 East 3rd South Before you make any decision to move, see this superbly designed and structured new office building, with underneath parking. Carpeted. Draped. Zone controlled Reinforced refrigerated concrete floors. Lay-i- n acoustical ceilings. Thermopane glass. Sound insulated partitioning. Elevator service. And more. Only five blocks from the center of the city. Your lease includes all services. From 3,000 viuare feet o 1 0,000 square fer i avSI ib!c - r - ,e! 3il i r.J a:, appoint .jc' 1 : one 364-- 945. ry 51-4- profits interest. Stoker said exploratory drilling to date indicates 10 to 12 million tons of ore in the ground with a gross value of about $50 a ton. 1 1 silver-cop-per-zi- KNIGHT READY COl 4h Salt Lflkr ?54 South 6lh Cff. Utah INTEGRAL nc STEEL STRUCTURES P O. Box 1645 Pioneer Station Salt Lake City. Utah 84147 Telephone (801)363-885- 8 1 Authorized dealer Armco Building Systems ARMCO V sions of the past several a continued expansion can be expected in 1978. That was the theme of a speech delivered in Salt Lake last week by John J. Balles, president of the Federal Reserve Bank of San Francisco, at a luncheon attended by directors of the banks Salt Lake Branch and guests from Utahs financial community. Regarding the Utah economy, Balles said it was difficult not to be optimistic because of the several strong regional trends - migration nd -- and Balles on on energy-superimpo- sed the national growth trend. . Strong growth seems likely because of the migration factor, which helped give Utah a 20 percent gain in total population between 1970 and 1977 one of the largest increases in the nation. This helped account for last year's - percent upsurge in new housing permits, and for sub- 30 stantial amounts of work on the drawing board for other construction projects. Again, you should get some benefit from all the oil and natural-ga- s exploration and drilling activity, now taking place in Utah and other parts of the West. Meanwhile, farmers and ski-lioperators alike should welcome 1978's deeper snowpack, after last years poor precipitation recft ord. 1978 ional economy, provided that correct policy decisions arc taken in the year ahead. He admitted that the Project, two story modular 1 .000 each units, sq ft. 1 baths. Address: Moab. Utah Function: Modular, housing for small towns priced under local labor plus fast occupancy Start Date: Jan Key 15. 1978 easy-constru- ct Completion Date: April 1 . 1978 Comments: Modular units go up in six weeks, not six months and I pay lower Salt Lake prices plus get quality construction. I get a much better building than I could afford using conventional methods. AJ Coffman High Desert Development AVAILABLE NOW FOR LEASE earlier stages. Larson Rubber acquired The Larson Rubber Stamp Company, 2284 So. West Temple, has been acquired by Winmark, Inc., in a recently completed transfer of ownership, according to Winmark president Earl Winkelman. During the transitional phase the company has been known as Winmark, Inc., Larson Stamp Division and will continue to use that designation until the Winmark logo is established, he said. As the Larson Rubber Stamp Company, founded in 1960, the firms primary focus was the sale of rubber stamps and engraved name plates. Under the new ownership, the line has been expanded to include commercialindustrial marking systems. These are capable of high production inline marking of a large variety of products utilizing embossing, indenting, etching and printing techniques, Winkcl-ma- n said. U'vntinued from page 15 chased last June. Moore said memberships run $300 per family a year. About 95 acres of the 195 acres American Tierra owns at the country club arc being reserved for 100 condominiums. which the company intends to build and market during 1979. The country club offers members a nine hole golf course, swimming, and camping facilities. The golf course will be open to the public, said Moore. r In addition, Winmark is 1 Specifications: Turn three-yea- expansion is now moving into the realm of middle age. But we should remember that business expansions dont just die of old age, but rather because of riotous living in their Subdivision 3roject: MOAB TOWN HOUSES proreg- offering architectural signage for both interior and exterior applications in a variety of materials including cast bronze, aluminum, and plasnow tics. The firm currently employs 14 and sells its products throughout the Intermountain area. Winklcman, 53, is the former administrative manager for Jas. A. Matthews and Co., a national manufacturer of industrial marking systems. He is a native of Chicago, 111. 15,000 sq.ft. :r-:- . Copies of 1976 Annual Report of CLEAR AIR, INC. are available upon request. jifluyo ; . F. C. STANGL CONST. CO. Send requests to P.O. Box 111 Ogden, Utah 84402 SPECIALISTS IN COMMERCIAL & INDUSTRIAL PLANNING S DEVELOPMENT 4370 South 500 West Phone 20.6csq. ft. month NNN plus C.A.M. will divide & finish to tenant requirements 262-038- 1 j |