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Show Page THE HERALD. Provo, Utah. Sunday. August 18 22. 1982 Busin tOQQ What is happening and the business world Ufahns Invited To World Meet Chamber Topics The Used Car Business Ey NEVIN LIMBURG Executive Vice President Provo Area Chamber of Commerce (This week's article is a guest editorial while Nevin Limburg is vacationing. It is written by Wayne Weston, a Chamber member and owner of Autocraft, Inc.) The used car market is alive and well in Utah County. The economic slump has been inflicting some casualties on the car market, but the dealer in used cars at least can roll with the punches when changes in supply and demand occur. The market has seen some in- developments over the teresting past few years. Variations in demand and supply which used to be seasonal now occur over the course of several weeks. Certain models can become "cold" overnight, i.e. domestic passenger cars with diesel engines. More recently the "used car" has enjoyed an increase in value - especially those getting reasonable gas mile?.ge. People are "making do" - spending more on repairs and generally becoming more aware of the need for good transportation, not just cheap transportation. The new downsized models beginning in 1978 are now popular as used cars teen months ago people could afford Utah's Lieutenant Governor David S. Monson sits? At a minimum of 500 miles per month divided by miles per gallon the savings is exposed: 500 miles at 15 miles per gallon equals 33.5 gallons at $1.25 costing $41.87. The same formula at 25 mpg equals 20 gallons or $35 spent: a comparative savings of $6.87 dollars per month. Not very impressive, is it. to buy "new" and get mileage. Now the new car prices are sufficiently high to cause those same buyers into the "used" market. The fallacy of economy is being tested and found wanting. Just because a car gets good mileage does not mean that it is cheap to own. There are payments to be made, interest piling up and gasoline to buy. When the average new car approaches $10 000 things get serious. When a customer buys a car for economy the idea is to save money. But in order for a fuel efficient car to be economical it has to be driven. Where is the efficiency if the car sixth Theory On Interest Rates By United Press International SALT LAKE-CITSome Utah brokers (UPI) - !and securities dealers believe that a decline in inrates was the key factor in Tuesday's record terest I stock market performance. "I would say that with interest rates down to 14 short-terU.S. Treasury bills auctioned t percent, low tnd other factors led to .Monday at a ; bargain hunting on the marktt," said Jim McClelland, of Foster and Marshall, Inc. '. "There were a lot of very good companies with J good earnings selling at very depressed prices," he noted. "I personally Jon't foresee a sustained rally. I think it is a technical rally, based on lower interest ; rates and bargain hunting." Richard Lee, of the Salt Lake office of Merrill, ', Lynch, Pierce, Fenner & Smith, said he had noted J economist Henry Kaufman's forecast for a continued decline in interest rates. David Pickett, of Dean Witter Reynolds, also noted Kaufman's comments, and concluded the stock market had reacted to them, as well as to the oversold position it has been in the past few weeks. 9-- being sought. Those wishing to participate should write to Lt. Governor David S. Monson 203 State Capitol Building Salt Lake City There are families and businesses thriving in the present economy while others are faltering. Car dealers must follow economic principles if they are to thrive: Planning ahead, avoiding false economy and using good judgment when choosing inventory. - : SPRtNGVILLE, Utah (UPI) W.W. Clyde Construction Co. was the low bidder and received the contract to construct the southeast portion of the freeway from 300 East to 1100 East in Salt Lake City. Clyde's bid of $19.5 million was above the engineer's estimate of $18.8 million, but officials said the work is highly complicated and will take a year to complete. . The freeway will be depressed from surrounding neighborhoods, as required by the environmental impact statement, which involved removal of almost one million cubic yards of dirt. Much of the fill will be used to build the new interchange at 10600 South on PROPOSAL TYPE Of SPACE: AMOUNT Of SPACE: LOCATION: LENGTH MISCELLANEOUS: F.G. Ferre Sales Up ; rWe - F.G. Ferre and accessories firm has SALT LAKE CITY (UPI) automotive OCCUPANCY, lubmit p,0po,l, , Mgnkor INHERITANCE AND ESTATE PROBLEMS. cluding TAXES WHO WILL GET YOUR MONEY FAMILY HELD BUSINESS JOINT 250 top TENANCY-M- AY CREATE ESTATE TAX ' PLEASE CALL 375-618- TO RESERVE 4 A SEAT THERE WILL BE NO CHARGE govern- ment and business officials from Taiwan," Monson said. A WlJ ail ESTATE & RNAMCIAL PLATTERS Roll Back The dock S On luxuriously loomed, Ultramar Oriental Design all-wo- ol deep-pil- e, c rugs from... OURISTAN CREATIVE ELEGANCE IN ORIENTAL DESIGN RUGS AND FINE BROAOLOOM- -A TRUSTED NAME SINCE 2 THE ULTRAMAR COLLECTION 3 hi 'VP from 149.o 2299 tttt rrx) ol Uliromor hmvy pit rug rifhltn your homt Iht ultimo in dotign wintry powor toomod by Cournton hi lolg.um. ChooM from a ott array ol ntpiring color, dmgnt and thopt (hot will likt mogw. trontlorm a room into on orao ol tnchontmont Modtlt ihown ort opulontly dotailod Wonding groctlully with modtrn. clonic or traditional furniture Mttingt wiiti orntol 1201 I,, Mr. FocilrtiH STEPS TO REDUCE "At our last meeting in Taipei there were about 1.000 people in attendance and in Atlanta last fall there were over 800: in- ly Uhromor hot Common i paKntod lockad In Wtav with cloorly cWinootod clutiv Cryttol Point Finith and iht rich tlogonco ol Iringn (mot-to- drngnt plut Count ion i Approiimottly 540 to 423 iq. ft With,, tht City lliMH of Pro0. Utoh thrt ytor Itoi with automatic rtntwol option tor ooch of two, ptriodt. 7 parking ttolli. focdiiin mutt b occMbblt to tht handicapptd. Octobtr I, 19(2 PARKING: 15. (I STEPS TO AVOID PROBATE Hotel. OHkt Of LEASE. 110 So. 500 West Provo WHAT WILL HAPPEN TO YOUR MINOR CHILDREN WHAT WILL A WILL DO HOW CAN A TRUST HELP Siott Toi Commimofl Dtnuon Auditing DfCM. PJ. H & R BLOCK BUILDING developments projected over the next ten years and will highlight the needs for specific imports and exports. Private meetings will be arranged in an effort to provide American and Taiwanese businessmen the opportunity to mutual concerns in some detail. As a part of the conference, a catalog show will be held in the C and The State of Utah request! all perioni, interested in leasing space to the State to submit a proposal by 2.30 p.m., September 7, 1982. Specifications are available upon request at this office or contact Mr. Don R. Bosch, State Tax Commission, at 533-594IDENTIFICATION: Wednesday, Aug. 25th 7:00 to 9:00 -- fast-foo- STATE OF UTAH ADVERTISEMENT FOR SPACE SEMINAR dis-cus- - :Clyde Firm Gets Contract registration is urged. ESTATE PLANNING nference will cover lt - upon provided registration. Early m The conference will consist of highly substantive meetings, seminars, and panel discussions as well as the presentation of papers covering a wide variety of business and industrial subjects of interest to businessmen in both countries. The co- Utah-Nevad- - be 84114. - The president of Bechtel By United Press International ; PROVO. Utah (UPI) SALT LAKE CITY (UPI) An major Idaho bankInvestments Inc.. Steven White, was honored durFMA Thrift ing company has purchased Utah-base- d ing the Brigham Young University School of Manageand Loan and FMA Trust Co. ment commencement Friday. Moore Financial Group Inc. of Boise has acquired . White, who will be the convocation speaker, will receive the Jesse Knight Industrial Citizenship the loan and trust operations from FMA Financial Award. School of Management Dean William Cyer Corp. Moore Financial Group is a regional bank holding said White was selected for the honor because he has been a strong supporter of the school and is active in company which operates the Idaho First National Bank. The bank has assets of $2.2 billion and 71 civic and religious service. in Idaho. The award is given people who make a significant branch offices Thomas Frye. chairman of Idaho First National, Contribution to the BYU community and who represaid the acquisition of FMA Thrift would give the sent the high ideals of Knight, a wealthy businessman who helped BYU in its early days. company a strong base for expanding into Utah. FMA has eight offices in Utah and $105 million in : White is a graduate of the University of California at Berkely and joined Bechtel in 1961. He has worked assets. FMA President John H. Firmage said the afBr the California Research and Development Co., filiation with the Moore group provides a strong and the Atomic Energy Commission. He was elected capital base for the company to better serve the Utah market. a vice president at Behctel in 1971. for each attendee and spouse. Details for airline flight arrangements will Taipei. Taiwan Republic of China and participants for that conference are Plans to be Submitted Boi$e Firm Buy$ Company of China Business Conference will in be held Nov. million during last year an increase of 23 percent over the previous year. Company President Bud Ferre announced the sales SALT LAKE CITY (UPI) The Utah Public Sertotal, and noted last year sales were $7.25 million. He vice Commission told has Beehive Telephone Co. to said eight new employees have been hired in the past submit plans for establishing service in the remote six months, making a work force of 65 at the comwestern Utah town of Ibapah. pany's plant at 3750 West 2100 South. The company is a wholly-owne- d of subsidiary Beehive already serves small towns up and down AADCO Warehousing Co., and its operations reach a the border and is seeking permission to into seven states, including the recently expanded ficials Red dedicated the newlv-rebuirecently of Colorado. territory SALT LAKE CITY (UPI) A second Omega The commission told Beehive President Art Drive-I- n has opened in Salt lake City, and owners are Brothers to prepare a statement of readiness to predicting sales of $500,000 the first year. serve that should include a description of the Jim Sifantonakis. who owns the first Omega at 3490 serviceIbapah and potential customers. The public will have So. State, said his new outlet is located at 1499 So. 30 days to comment. State. The building was previously occupied by Taco Fiesta. The commission also ordered Beehive to submit Sifantonakis said the name of the restaurant comes monthly reports on its efforts to upgrade service to d from a similar chain operated by his father other communities in western Utah. in southern California. The first Omega has been in business about four years, and Sifantonakis said he is considering franchising. The new restuarant will employ about 16 people, and includes space for seating 88 customers. Head of Bechtel Honored cnast tn TarvM and return The lieutenant governor said that people in business and industry are urged to attend. There will be a 30 percent reduction on China Airlines from the west announces the annual U.S.- Republic Business Briefs Throughout Utah : markets on stock ontiroly by hand Suptr quality tooturot mot typify Cournion t mora Ihon hoH cntury ol loodorthip m Iht induttry. SHAPED PATTERNS lor INNOVATIVE BEAUTY t Conitruttion MonoatmOftt 4U0 Slot. Offx tu.ld.no Soil lok. Cry. Utah 14114 Sons' reported sales of $9 an : In Business ; In California The Personal Computer for People Who Take Success Personally. Raymond Gurule. a former resident of Provo lor many years recently a Icquired nd new dealership repair garage in Yucaipa; Calif. - The new business is in Addition to the similar he has operated in Anaheim Cahf. since 1968. He has had 18 years of services and Mrs. Martin turule of Provo. ADventures MJLt- --, I ii AM dJ I 1795 (Price Includes software valued at M 500) The Improved OSBORNE l"" Includes two drives, a complete computer with communlci' Hons capabilities, a business keyboard with numeric keypad, and CRT Display. PLUS five productivity software packages, Including WORDSTAR m word processing, with a retail value of over $ 500. All for a total price of $ 1 793. Kwmont kpohM Tokru KMhant . J Wool. i elm by itwll. I Mrtiarw SII'J Stl 5 i 41 VI 10 I II I" " IJ to Som parttrni in Hock. All OAD I SPOTTED TCoRfEST 224-260- 8 IUNNIII in ,w lohlK j, (Antiqv ltd, Soul-h- i loyal Soiouli All Ovtr (ltd) Impxial Ktimon Ail Ovtr (Ivory) Hi) ir.ti ""' OCTAOONAl im Hut. vm 1319 Ol ICHJNO' iMAm'J1 Oitootnal ihopti (rtiiobit m Polar Pftn I i lo't. iut, Cwdmal ltd poti.rni it I Til l r ii it r ovoiloblt through tptcial ordtr. 4 V 10" ll'ill I" 1119 1799 $119 saw 1799 Oval and Itvnd thaatt availabl Antiawt lvt.r and Itlart ltd SOUTH TO 55 SOUTH PROVO UTAH (801) VI 2600 F AST 1 Opifl: 9 o" o 3 30 pm Mon. thru Sot. O'MtvW ( fcttot availabt, a parihaM nMtwary and Gld OVAl IMAFIS CARTWRIGHT FURNITURE Orem, Utah 84057 MALI iUVi :) l ir ii 1 287 East 1300 South larowli SI Wi FOI LO.V NINTH u If VL LI Aoilobl I in engines and transmission. He also builds dune buggies. ; P.ymond is the son of Volkswagen M. hm : Tremendous SAVINGS Volkswagen experience. His shop offers com-plet- e ; Jim 1 STATL In |
