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Show 9 THE NATIONAL ENTERPRISE. SEPTEMBER 14, 1977 Take a friend to lunch. Interest in bonds spurs brokerage house growth growing interest individual investors in e munieipal bonds has prompted Foster & Marshall. Salt Lake City, to seriously consider doubling its staff by A ng tax-fre- December, 1978. According to David Wilson, vice president, the brokerage Firm has added six brokers and one institutional salesperson since January, and plans to have hired 18 by the end of next year. Of the six brokers hired this year, he said, three moved to Foster from other local brokerage companies. 'As demands for municipal services increase, so does their need for capital, and they turn to long term debt financing to provide it, Wilson said, citing Jordan School District as an example of a bonding district in dire need of funds. 510 SO. STATE of new issues has increased steadily during the last 8 years, Wilson said, adding during the last couple years it has flattened slightly. During the last ten years the base of municipal bond The volume 7-- buyers has broadened, changing from a purely institutional market to an investment attractive to individuals. The upturn in interest rates is the reason for the change, he said. Ten years ago these bonds offered only three or four percent interest. Now they offer between six and eight percent, and that becomes attractive to individuals in a tax bracket over 40 Wilson said. He percent, mentioned last year was the first time individuals outnumbered institutions as municipal bond investors. A.K. Utah denied funds Utah Properties, Inc., has been denied a A.K. We can turn $125,000 grant from the Energy Research and Development Administration (ERDA) to monitor energy consumption at its Lindbergh Plaza in the Salt Lake International Center. The plaza uses water from underground wells in its heating and cooling facilities. A.K. claims a 50 percent energy savings of normal air conditioning costs and 75 percent of heating costs by using the subsurface water. The company said it expects to reapply for another ERDA grant next month. Terra Tck, Inc. developer of the new water-base- d 1 i- t us turn that run down office furniture into new again. We strip off old paint and varnish and refinish to the texture and gloss you want. For several years weve been stripping desks, chairs and tables for your home. Removing stains .and finishes fast and inexpensively. Now we will do the same for your office furniture plus refinish it. This benefits you in two ways. First it means you can recycle scratched, stained furniture you have now. Second, it means you can pick up beautiful older furniture and have it refinished more inexpensively than buying new. Call today for an estimate. Let Why you should buy the only lamp guaranteed to last two years Two years! That's 17,500 hours of continuous burning. This dampened, heavy-dut- y tungsten filament lamp is used in the ARCO Twin Towers in L. A., by Standard Oil, Neiman-Marcu- s, in signs, parking lots, fast food operations, department stores, factories and warehouses because they last 26 times longer than conventional 750 hour lamps and eight times longer than our competitors extended service lamp at no more than twice the per bulb price. That plus less trips up the ladder is part of the money savings reason. Well be happy to tell you more. BRUCE Lighting 275 East 200 West 533-806- 5 UUb Maintenance 3300 South at 142 West Salt Lake City, Utah 841 15 (801)487-469- 4 sy- stem is pioneering geothermal ventilation in Utah. |