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Show Hage 30 - THE HERALD, Prow, Utah, Sunday, March 20, OPE C Price - LONDON (UPI) As financial markets closed for the week, the price and production agreement so painfully cobbled together by OPEC oil exporting nations appeared increasingly unlikely to hold. It took ministers from the 13 Organization of Petroleum Exporting Countries 12 days to come g agreement up with a to cut the benchmark price of a barrel of oil by $5 to $29. face-savin- 1983 Agreement May Be Close to Collapse It was the first such reduction since oil prices started going through the roof in 1973. The ministers also set a lower production ceiling of 17.5 million barrels a day for the rest of 1983 in the hope of making the price stick. It was a huge comedown from the 30 million barrels a day produced in 1979. But with actual production now pushed down as far as 13.5 million barrels a day by slack market Black Gold Fever dominoes: The pound fell to a record low of 1.48 against the dollar on the expectation of a further cut in the price of North Sea oil, which at $29.50 a barrel is outpriced by crude from Niequivalent-qualit- y conditions, the new ceiling looked too high to be effective. It also was uncertain whether some of the more belligerent OPEC members would respect their individual quotas under the ceiling, thus making it yet more difficult for OPEC to regain any semblance of control over a plum- geria. Iran, while attacking the OPEC price reduction as illegal, was preparing to undercut the new meting market. Developments following the agreement indicated prices could come tumbling like a row of The Soviet Union, the world's largest oil producer although not a large exporter to the West, posted a price of $27.50, below OPEC's. Saudi Arabian and Nigerian oil already was trading in London at slightly less than the OPEC reference price. tween 120 and S25 a barrel. The reduction could help nations emerge from the recession by bringing down budget deficits and interest rates and cutting production costs. On the other hand, economists fcar fluctuations could do more On the Rotterdam spot marharm than good, if only because ket, where one barrel in five cf the oil has become the commodity on world's oil is traded, some ship- which the world's financial stabilments were reported trading be ity rests so precariously. benchmark by as much as $2 a barrel, independent analysts said. Legal Notices Legal Notices Legal Notices Legal Notices Legal Notices Legal Notices Route I, Box 338, Spanish Fork, Utah, intends to sell at Public Auction, by Paul J. Merrill, auctioneer, residing at 291 South 7th East, Spanish Fork Utah for an area that has produced cuss 84660, the following the following Hunt of H.L. millions for Dallas, proposed Master Plan described property Colt Dark Bay or Brown and others. The well is about 50 Amendments: 1. Amendment ot Master colt, white thoroughbred of of site miles northeast Kilgore, around cornet band, right Street Plan. White around cornet the Oct. 3, 1930, discovery that Deleting 180 West and front. left rear by Oiccoout band, 1880 North from the Master eventually made Hunt wealthy. Plan and adding 600 of Lola M. Libby; Colt 2 That well was brought in by Street North between 400 West Chestnut colt. White Columbus Marion "Dad" Joiner and Orem Blvd. to the irregular star slightly above eye level. White and A.D. "Doc" Lloyd on a farm Master Street Plan. 2. Geneva Neighborhood slightly above right rear Bradowned by the widow Daisy ankle. City Host, 1981 Foal. Amendment 500 North to 800 North Thoroughbred colt by Die-c- o ford. The strike triggered black out of Farley's Flash, on between Orem Blvd. and gold fever, transforming small 400 West. This request is to the 6th day of April, 1983, at dirt-stretowns such as 10:00 o'clock A.M. at 10SS to change from in two locations and to East 100 North, Payson, and Kilgore into bustling Utah 84651. The terms and change form PC-- to PC-cities. conditions of sale: Cash in 3. Vineyard This amendment request lawful money of the United Hunt, an Arkansas gambler, met Joiner and soon gained control of modification of the Master States. The lienholder retains in the Vineyard Area the Daisy Bradford lease and toPlan residential the right to bid his lien at permit other oil properties. He estab- zoning in the county island said public sale. Dated this 2nd day of lished Hunt Oil Co., the firm that area which is completely March, 1983. surrounded by the City. wo'ild make him one of the naMike Fish Phillip Goodrich Lienholder tion's wealthiest men. City Recorder 8469 No. Published In The It remains to be seen whether No. 8493 Published in The Daily Herald, March 20, Daily Herald March 6, 13, NOTICE OF PUBLIC HEARING A Public Hearing will be held Tuesday, April 5, 1983 at 7:30 p.m. in the Orem Council Chambers to dis- Texas Oil Strike - A new LINDEN, Texas (UPI) oil strike in northeast Texas has prompted a mad dash to lease mineral rights, put land owners in a position to become millionaires and may force a of exploration in portions of three states. The well, owned by Cities Service of Tulsa, Okla., produced 906 barrels of oil and 1.396 million cubic feet of natural gas in a test and industry spokesmen say it is now producing more than 1,000 barrels a day. Although other wells produce that much, Cities Service No. 1 Pruitt struck oil at a depth previously written off in the area by the industry. The well, expected to return its $4 million drilling cost in three months, is in the Eagle Mills formation near Kildare, Texas, and will be designated as a new field. If a substantial reservoir is found, it could be the next "boom" 24-ho- t: Lo-ngvi- et 2 8 the new find will prove as rich as the East Texas Field, which has produced nearly 5 billion barrels of oil. struction Disposal Santaquin of a Sewage System for the Elementary School, Santaquin, Utah. Bids will be in accordance with the Drawings and Specifications prepared by Dixon & Harris Architects, Provo, Utah and some may be ob- tained from the Architect at 350 East Center Street, Provo, Utah, upon receipt of $20, deposit per set, made payable to the Architect. The deposit will be refunded upon return of such Drawings and Specifications in good condition within ten (10) days of the date set for the bid opening. Prior to any Bidder receiving Drawings and Specifications, It will be necessary that the person or company bidding have on file with the Board of the State of Utah a copy of Utah license current their covertng the type of work to be done and a statement from their Surety Com- and 100 Intermountain contrac Board Room, 350 South must De onPayment Bond tor Plan Room, 444 South tile with the Main Street, Spanish Fork, Owner. 2nd West, Salt Lake City, Utah. Utah The Nebo Bid Security In the reserves the School toDistrict Plan Room, Associated right reject amount of five percent or all bids or to waive General Contractors, 1135 of the bid, made any any formality or South West Temple, Salt payable to the Nebo School technicality In any bid In Lake City, Utah District shall accompany Utah Valley Plan Serthe bid. If certified or the Interest of the Owner. 930 Soutn State Plans vice, and specifications In li used check cashier's Suite No. 40, Orem, lieu of bid bond, a current may be examined at the Street, (5) Utah certificate from an ap- following offices: No. 8517 Published In The & Dixon Harris company surety proved 27, execution of Architects, 350 East Center Daily Herald March 20, r guaranteeing a 100 Performance Bond Street, Provo, Utah net saw CAt nrt 50 InaludMriielctot bttodpetMctrmh Mm, or miirnd poM0M.CtnlM0i toup or dlnrxr Miad, U pany evidencing to the amount of the Contract. 20, 27, 1983. 1983. Bids will be received until the hour of 2:00 p.m. INVITATION NOTICE OF Thursday April 7, 1983 at TO BIO which time they will be PUBLIC SALE be Sealed Bids will and read aloud in Notice is hereby given received by the Nebo opened uisfrici that Mike Fish residing at School District for the con the Nebo School Soviets Block U.S. TV Video 00 -- i April 3, 1983. 84601 UU SUIT! mtiu out onus ChHtfiMtnu Served lo Anyone Anytime Good Thursday Only, March 24, 1983 IMNIIH FOM MS North Main Itrtii Mow IT II La. novo HOURS Mon. - Thurt 1460 NORTH 1 p.m. STATE STREET Fridoy Saturday PIMM 377712ft 11 CM p.m. t AlMIIMMi THE Tapes Leaving From Moscow (UPI) - American networks protested a surprise Soviet demand that news film be screened before being flown out of the country and the U.S. Embassy said the Soviet move constituted censorship. The Soviet regulation became public when NBC videotape cassettes were blocked from leaving the country in a regular shipment headed for New York, Stan Bernard, NBC correspondent, said. Customs officials told NBC Thursday the film could not leave the Soviet Union as air cargo on the scheduled flight. "Then they told us for the very first time that there is a new policy that we have to be there MOSCOW television air-freig- ht HIKV CHANNEL, FANTASY CHANNEL IVIWraRVCHAWWEL, four hours before to permit screening of material for shipment," Bernard said. "We were stunned and surprised." Bernard and another Western correspondent who asked not to be quoted said they knew of no incidents that might have provoked the new rule. "Anytime we do a sensitive story we would hand carry it out to prevent them pulling the p'ug," Bernard said. In New York, a spokeswoman for NBC News said its president, Reuven Frank, had asked the State Department to look into the matter. A spokesman for Van Gordon Sauter, president of CBS News, said Sauter had "strongly protested" the move to Soviet Ambassador Anatoly Dobrynin in Washington, saying it was a "clear case of censorship." The U.S. Embassy wv xjl NATURE CHANNEL, EDlCATXffV CHMMEL,AD1TM1JRE CHANNEL said diplo- matic action would be pursued next week. "We are opposed to any kind of a spokesman said. "That's what this is." In Washington, a State Department spokesman said, "We strongly support the effort of journalists in the Soviet Union to carry out their legitimate" functions. "However, we will not be in a position to decide actions we might take until we have a full report from our embassy," the spokesman said. ABC News President Roone said, "This action- - apparto an imposition of amounts ently censorship. We will vigorously oppose it. We will attempt to convince the Soviet government to Ar-led- reconsider." Bernard noted the only other way to send out news film is by satellite. The Soviets have long required advance booking for any film being transmitted out of the country by satellite relay. Advance screening is not required but "they could pull the plug anytime," Bernard said. He said the Foreign Ministry Press Department did not reply to his telex inquiry about the decision before closing for the weekend. "We think the Foreign Ministry Press Department does not have control (of the decision)," Bernard said. "This is customs control and that is essentially a KGB FAMILY CHANNEL, HEALTH CHANNEL & THE TOMOMOW CHANNEL. Ainu mixing llie Disixy Ch;umd. Tlx ( xily pay T. Y channel where u u and t x.tr children cui join Dumbo tbr his first sob flight. Tumble with Alice intoWonderkuxl. Ihrwl 20,000 Leagues I'nder tlx Sea, millions of miles into Tlx Black 1 lole, or a tew- megabytes into the u imputer - wtxidolTron. And that's just fix- - starters. In addition to classics from the Disixy library, ux.i'11 enjoy tlx finest in family films tit m' around the world. 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