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Show Page 12b The 3, 1976 Enterprise Review, November .New Corporations Continued from page lib owning & managing real estate. Enterprises, Inc. 377-Marri- ott E. 3080 S.t SLC, Ut. 84106, DIR, Kenneth D. Mar 1961 riott, 1961 E. 3080 S., SLC, Ut. 84106; June R. Marriott, same add.; Dennis C. Marriott, same add.; Diana L. Marriott, same add. To engage in the business of real estate. Rockwell, Inc., 220 S. 200 E.. SLC, Ut. 84111, DIR, F. McKay Smith, 1698 Creek Rd., Sandy, Ut. 84070; Ray G. Tibbitts. 379 E. 6865 S., Mdvl. Ut. 84047. To deal 378-Univers- al Several Factors Contribute to Improved MFS Earnings A major increase in oil production, use of investment tax credits, and some improvement in utility earnings during the first nine months of 1976 resulted in Mountain Fuel Supply Co. posting increased earnings over the same period last year. The figure for 1976 is $16,876,203 as compared to $9,472,002 for the first nine months of 1975. For the 12 months ending September 30, 1976, earnings were $24,486,123 compared to $14,580,455 one year ago. B.Z. Kastler, Mountain Fuel president, said that while utility income showed some improvement, the earnings increase is due y oil producprincipally to greater tion and utilization of investment tax credits. . After payment of preferred dividends, the earnings of $16,371,303 were equal to $2.67 per share on 6,120,624 common shares outstanding. This compares to $8,954,802 or $1.51 per share on 5,933,957 average common shares outstanding one year ago. non-utilit- h Kastler said this was the first period for which revenues from oil nine-mont- production from the Brady Units Weber formation were included in the companys reports. He said the report also includes $1,130,000 of revenues for oil produced in prior periods, but for which payment from outside operators was not received until the first quarter of 1976. Results for the first nine months of 1976 also included utilization of $3,250,000 of the projected $5,153,000 of investment tax credits the company expects to be available in natural resources development. Design, Inc., 4800 S. Viewmont St., SLC, Ut. 84117, DIR, Alan R. Tuttle, 4800 S. Viewmont St., SLC, Ut. 84117; Kathy R. Tuttle, same add.; Lee R. Childs, 87' S. 400 W., Bntfl, Ut. 84010; Judith J. Childs, same add. To engage in the drywall 379-Artist- ic business. and Erickson, Inc., 3727 S. 900 E., SLC, Ut. 84106, DIR, Leon P. Chirsten-sen- , 5610 Jesse O Way, SLC, Ut. 84107; Susan C. Chirstensen, same add.; K. Duane Erickson, 1170 Elgin Ave., SLC, Ut. 84106; Engela Erickson, same add. To enter into any & all types of recrea- 380-Chirstens- en tional & commercial business. types Inc., 851 S. 1400 Enterprises, E., SLC, Ut. 84105, DIR, John H. Cook, 851 S. 1400 E., SLC, Ut. 84105; Barbara R. Cook, same add.; Elaine Cook, same add. In the business of owning & manag- ing real estate. Distributing Co., 3582 Dover Hill Dr., SLC, Ut. 382-Builde- rs 84121, DIR: Byron L. Bracken, 3582 Dover Hill Dr., SLC, Ut. 84121; Dlorah Jean Bracken, same add.; Roland Anderson, same add.; Robert L. Moller-up- , same add. To deal in the sale & distribution of building materials. 383-Bi- g Hole Mining, Inc., Box 788, Roosevelt, Ut. 84066, DIR: Gene Gagon, Box 123, Roosevelt, Ut. 84066; Walter Tappe, Box 1407, Roosevelt, Continued on page 13b in 1976. FREE PICKUP The Board of Directors of Mountain Fuel Supply last week declared a dividend of 50 cents per share on the companys common stock and $2.00 a share on the preferred stock. The common stock dividend is payable on Dec. 6, 1976, to shareholders of record at the close of business Nov. 12, 1976. The preferred stock dividend is payable on Jan. 3, 1977, to stockholders of record at the close of business Dec. 3, 1976. & DELIVERY Paper Banners Screen Process . Graphic Design Magnetics & Decals Convention Signage Machine Showcards 2365 So. Main Mountain Accommodations Will Rent at a Premium Where are the seasonal employees in Park City going to live this winter? Since the beginning of October, little at any price, housing has been available says Patti Wells, Gump & Ayers real estate agent in Park City. Even Park West is filled up already. New employees will probably have to find a motel in Heber or Keetley or live in Salt Lake, she speculates. I have no idea where theyll live, Bill of Mountain Realty, Park McCarthy says There arc just no places to rent City. here. In previous years, Greater Park City Company provided employees with clean, modem housing at Snow Country Apartments. But this year those 71 units are being converted to condominiums, selling for between $23,425 and $30,950 each. Wells says have been sold since July. Theyre going like mad! he says. She estimates about half the new owners will become occupants, the other half will be leasing or renting the units on a monthly or yearly basis. If you can sign a year's lease, you are in a better position to find housing. Season employees will be paying a premium for what they can find, Wells says. She estimates employees living in Park City only for the winter will be paying at least $225 a month for a apartment and unit. $350 a month for a The resort operations usually generate seasonal the largest number of employees in the town. This year the Park City Condominium operation expects to hire about 70 new seasonal employees from mainly as housekeepers. Mountain Foods, the corporation operating food and beverage concessions, expects to hire another 70 or so new employees, about 40 percent of which will come from outside Utah. Most of these young people will work two-thir- ds one-bedroo- m two-bedroo- m out-of-sta- te out-of-stat- e, as waiter and cooks. Jim Whitteron of Park City Resort, operating only the mountain activities this year, said the company will be hiring very few non-locresidents. Most of our ski lift operators and mountain people have been with us for a long time and stay here during the summer, he says. He estimates about e 150 out of the 250 employees the firm expects to hire this winter will be hired for the winter, only. We will not hire people who have not found housing, employers for both operaWe try to help them find a tions state. adds Ralph Gamer of place to live, Mountain Foods. He says he tells them to look in the newspaper and check with local realtors. We tell them they are more likely to find reasonable rent in Heber than in Park City, Garner says, but as the demand for housing increases in Heber, the prices will probably go up there, too. The housing shortage really is critical this year, says Garner. Park City's permanent population has been booming at a rapid pace. During the last six years the population has gained by 84 percent, from 1193 to 2200. It grew 14.5 percent between 1970 and 1973, and by 61 percent between 1973 and 1976. The recent development has demonstrated a decisive change from the previous population trend. Between 1966 and 1970 the towns population had diminished by 14.5 percent, from 1366 to 1193. Permanent residents of the town may find a break in the housing shortage this winter as Frank Richards development of 40 housing units nears completion. Residents of the new development will be subsidized by Farmers Home Administration, and must qualify as residents. But, permanent Park to a is a there clerk, City according waiting list a mile long for the project. al full-tim- low-inco- low-inco- low-inco- KEEP IT MOVING! If you want to keep your business moving, the Review can help. If youre running a business, you cant afford to be uninformed. The more familiar you are with your total business environment, the better able youll be to take advantage of its opportunities. Because the Review is a specialized publication, we can provide our readers with the most complete, accurate, and diverse reports about the Utah business scene. Growth centers, sales tips, retailing information, advertising analyses, real estate, finance, investment opportunities, industrv trends, legislation, management problems (and solutions) and more. Its all in the Utah Enterprise Review each week. Utah business is on the move. Move with it. SUBSCRIBE TODAY not tol Yes, please send me the Utah Enterprise Review. Enclosed is an $24.00 check to cover my one-yesubscription. P.O. Box 11778, Salt Lake City, Utah 84147. ar Name Company Name Address City |