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Show Tuesday, May 8. -- O USlTt(8SS fr eareh New York (UPI) Unless a commercial oil or gas discovery is made off the coast of China by 1987, many foreign oil companies will abandon the search in what is believed to be one of the world's most promising areas, a U.S. energy expert said Monday. Dr. Kim Woodard, president of China Energy Ventures, Inc., said 12 U.S. oil companies currently are involved in exploration in the China Oil Entering Crucial Stage British Petroleum has com pleted three wells in the Pearl River sector south of Hong Kong and now is drilling a fourth well amid intense speculation that it may turn out to be a significant oil discovery, he said. "If there are no commercial discoveries in Pearl River between now and 1987, there will be an avalanche of foreign oil companies out of China," Woodard said. "The psychology of massive potential will be reversed." But in the event of a big oil or Auction Utah Livestock Mutton Ewes pound. Breeding Ewes Market report prices at Utah Livestock Auction, Spanish Fork for May 5, 1984: Horses: Good riding horses from 300.00 to 600.00. Lighter horses from 150.00 to 350 00 Shetland Ponies: 50.00 to 155.00. Pigs: 25.00 to 35.00 per head. Weaners 35.00 to 45.00 per head. Feeders 0 lbs. 0.45.00 to 0.47.50 Top Hogs per pound. 0.36.00 to 0.39.00 per poound. Sows 0 26.00 to 0.32.00 per pound. Boars Sheep: 0.43.00 to 0.46.00 per pound. Lambs Albertsons Am Exp American Stores AT&T (Mtn. Bell) Avent Boise Case. Commodore Intl. Eastman Kodak Gen. Tel. & Elec. Hercules Inc. 25 -- - Clow 244 16 16V. 37 36 38 38 35 "4 35 65 66 33 33 41 42 SV'i 30 30 67 21 21 3 3 6 6 22 16 16 3 3 THE COUNTER Ask .34 Bid .35 Utility Cows pound. Cutter Cows - 0 - 0.30.00 37.00 Mass Emerg Gr Mass Intr Bond Mass Inv Gr Mass Inv Trust Mass Fin Spec. Fund Aim. Oppenheimer: Direc. Special 10. World 3 3 28 5 4 20 19 1 1 30 .05 29 per to 0 36.00 per 1268 H. Yield 316 13 26 26 50 to -- 10 31 13 27 to 0.39 00 None. Pregnant Cows 430.00 to 460.00 per pair. Pairs 0 46 00 to 0.54 00 per pound. Bulls Quotes provided by J. Brent Kelly, Utah Livestock Auction. Auction time: Every Saturdav 10 a.m., Palmyra Road, Spanish Fork. 13 gas find in Pearl River, Woodard said, the foreign drilling program could escalate to $1.5 billion annually by 1990 from tha present pace of about half a billion dollars annually. Woodard said China requires all foreign participants to put up 100 percent of the risk capital, which is estimated at $50 million to $100 million dollars per well. After taxes, this leaves the foreign oil company with only 15 to 20 barrels out of every 100 barrels produced from the field, Woodard said. The China state oil company has the right to the remaining The China National Oil Corp. has the right to invest in 51 percent of the developed field. the investment. He pointed out that China is charging "outrageous" rig rates 10.71 11.01 11 00 698 1187 11.86 7.53 19 18 20 96 1671 21.11 17.58 1971 1507 1458 20.45 7.22 9.63 9.56 1201 1045 13.13 MUTUAL Comes Ready to Use! 42 43 42 43 INTERMOUNTAIN STOCK EXCHANGE Bid Asked Bristol Silver .65 .75 Bullion Monarch .45 .35 Chief Consolidated Mines 9.37 9 .62 4 37 4.00 Clayton Silver Mines Comstock Tunnel 1.37 1.87 Com. Tel. Inc. 1.80 1.95 Co. Oil .32 .42 Croff Crown Point Cons. Mining .12 .37 .85 .75 Dragon Cons. Mining Excalibur .12 .06 Gold Chain Mining .20 .15 .25 .62 Great Western Mines Oil & Minerals .50 .37 .87 1.12 Justheim Petroleum Louisiana Pacific Res. 1 37 1.25 Mammoth Mining Co. 1.62 1.25 .25 New Quincy Mining .35 North Lily Mining 1.50 1.75 Park City Cons. Mines .60 .75 Park Premier Mining .10 .15 .07 .11 Cons. Prince Mining 7.12 7.37 Rego South Standard Mining 3.12 3.50 United Park City Mines 2.50 2.75 .15 Utah Cons. Mining Mill .09 2.50 MAIN 8K Model 100 TRS-8- 0 AS LOW AS 14 13 15 19 1632 For current 1 3.00 12 1 1.37 .16 .25 31 .11 Argus Aurora Big Piney Billings Energy Crested Butte Crown Emery Ewmg Games Network Genetic Dyn. Golden Age Hiko Bell Magma Magnum Mtn. Sis. Overthrust Paiute Ramex Universal Fuels U.S. Energy Valtek Vertx Wicat Westamerica .15 .25 .31 4.87 1.31 .035 .50 .31 5.00 1.44 .045 .75 .03 1.75 .34 .06 .37 .06 .20 2.81 .28 .19 .44 3 00 325 6.00 1.67 3.37 .05 6.75 1.81 3.50 .08 .02 1.62 .31 .03 .25 .05 .16 2.67 .25 .14 (26-380- only Dick Nelson i MONTH Model 100 for Reg. $999.00) 2, d battery-operate- ?rS s35 PER SM Don't be misled! The recommendations of; Penny Stocks, OTC Stocks or New Issues, Call or Write. .09 .75 AMSI 1 Rea. 799.00 Get the 24K TRS-8- 0 21.77 .07 1 al Only $799 Amer. Cons. Amer. Tech. could not Appointment Scheduler BASIC Programming Language 32 84 Global Provided to The Dailv Herald By Shearson American Express Inc. STREET SECURITIES, INC. production begin before the 1990's. AddressPhone Directory Ask Bid 1293 1992 13.09 1493 Cap Comstock Gen Pace Fund Gen Venture lnlern'1 Inv. Inc. mercial Personal Word Processor Telecommunications Auto-Di- FUNDS Am Am Am Woodard said a field off China must contain reserves of at least 15 million barrels or production to yield of 10,000 barrels a day a rate of return of 25 percent on Model 100 TRS-8- 0 30V 31 The Chinese labor costs underwrite China's side of the venture with the foreign oil companies, he said. Woodard said even if there is a big oil or gas hit in Pearl River within the next year or so, com- barrels. SAVE 200 ON AMERICA'S 1 PORTABLE COMPUTER! 23 07 1875 21.54 16.47 1593 1082 7.89 10.52 and salaries for Chinese workers who, under the contracts with foreign oil companies, must constitute 90 percent of the work force on a particular project. (mm Arfgfen 67 993 990 Counter Trading Cons. Oil to 900 lbs. 0.46 600 pound. Pioneer Fund Pioneer II Putnam Voyg Slrat Inv. Fund Seligiman Comun. Seligiman Cap. Templeton: Growth 31 Zion's First Nat l. Mtn. States Res. 65 29 29 W'icat U3V4 64 4 4 American Resources Mgmt Aiple Computer Baily Mfg. Con Cap Inc. Con. Cap. Spec. Kngv Resv Group First Sec. Intergem Prud Fed. S&L 38 15 15 OVER 31!i 38V Squibb Svntex 00 to 0.17.00 per pound. to 50.00 per pail - 3m 112 35 00 Telesciences Tosco U.S. Steel Uian P&L Wash Wat & Pwr West. Air. 32 Mach. Marriott McDonalds Mtn. Fuel Supp. Occidental Pet. Pub Serv N. Mex Republic Air. Savin Bus. Mach. 0.11 Pairs - Holstein Steers 0 50 00 per pound. Market Quotes JO1 Hoi. Inns Intl. Bus. 0.23.00 to 0.28 00 per 0.51.00 to 0.58 00 per Heifers Feeder pound. Goats: 18 00 to 33.00 per head. Nannv Goats 15 00 to 21.00 per head. Billy Goats Kid Goats 8 00 to 15 00 per head. Cattle: Newborn Calves 25.00 to 57.50 per head. 0.63 00 to 0.67.50 per Feeder Steers pound. - DOW JONES AVERAGES VOLUME 72.921.100 Industrials 1166 55 (1251 Transportation 508 84 11.241 Utilities 127.01 ( 521 NEW YORK STOCK EXCHANGE Open to 0.21.00 per 0.15.00 pound. Bucks 19 and the business world South China Sea. He told Piatt's Oilgram's seminar on crude oil and refining that the Chinese government has exacted tough terms from foreign oil companies engaged in the search for oil and gas. So far, Atlantic Richfield Co. has drilled two wells off China's Hainan Island, the second of which "appears to be a significant gas field," Woodard said. - - Page THE HERALD, Prove, Utah, "nltock market! Pearl River Basin south of Hong Kong, in the Yellow Sea, and the By ROZ LISTON UP! Business Writer 1984 Enroll Now! Summer Computer Camps for Ages 5 Model 100 is the computer with five man- TRS-8- 0 8-1- agement programs and a telephone modem built in. Communicate by phone with other computers or access national information services. Fits easily in your briefcase. by typewriter-styl- e keyboard. display and full-siz- 10 Hours of Learning and Fun Only $49.95 e EDWARD BROWN SECURITIES, INC. 17 East 200 North, Suit 210 PROVO, UTAH 84601 WEEKDAY 374-122- CHECK YOUR PHONE BOOK FOR THE PARTICIPATING RadM HOURS: 8 to 2:30 haek STORE, COMPUTER CENTER OR DEALER NEAREST YOU CitiLme 1 A DIVISION PRICES APPLY OF TANDY CORPORATION a service mark of Citicorp is AT PARTICIPATING STORES AND DEALERS Closing Stocks AbbottL 1.20 AdamsM .28 43 2 16 8 up off 28 AlcanAl 1.20 34 off AllegCp 1.08 69 2 off 2 52 Alhd Cp 2.40 up Allis Chalm 11 4 8 1 8 up Alcoa 1.20 34 8 up 8 AMAX .20 25 off 2 Amrd H 1.10 31 8 up 8 AMR 34 8 Am Can 2.90 44 8 up A Cyan 1.75 48 8 up 4 off Ameritech 6 66 Am Motors 4 8 up ANtRes 3.16 31 8 up A Stand 1.60 29 off AT&T 1.20 16 AMF .50 Xl7 up 8 ARA Sv 2.10 45 4 up 4 Ariz PS 2.60 16 8 up Armco .40 xl8 4 off 8 ArmWI 1.10 x24 8 off 8 Asarco .40 29 8 off 8 AshlnOl 1.60 27 8 off AtlRichfld 3 x46 2 up 2 Avco 1.20 27 8 up 2 Bell Atl 6.40 69 4 off 8 BellHowl .50 26 8 up 4 Bellsth 7.80 91 8 BethlStl .60 23 34 up 8 Boeing 1.40 x39 8 up 1 Borden 2.72 56 up 2 BorgWrn .84 21 2 up 1 8 off 34 Bris My 1.60 44 Brunswk .60 27 34 up 14 8 up 4 Burrgh 2.60 52 CdnPac 1.40 33 34 off CatplTrl.50 46 2 up 2 CBS 2.80 72 8 off 8 Celanese 4 74 Chryslr .15d 23 4 up 2 CocaCol 2.76 56 8 up 4 Colgate 1.28 25 14 Col Gas 3.18 35 4 off 8 Comwl Ed 3 23 14 off 8 Comsat 1.20 x23 8 off ConsEd 2.12 24 4 ConsuPl.40 8 Cooperl 1.52 29 34 CPCIntl 2.20 37 up CrownZell 1 34 off CSX 23 14 up 14 Curt Wr 1.20 36 8 up Cyclops 1.10 37 4 off 8 DaytonH .65 28 off 8 DetEdis 1.68 12 2 up 14 Disney 1.20 64 2 up Dow Ch 1.80 32 8 up 34 DuPont 2.80 50 up 14 DuqnLt 2.06 13 14 up 14 Eastern Air 5 34 off EsKodak 3a 65 34 off 14 Esmark 1.04 54 2 off 2 4 Ethy! .85 22 up Evans 10k 7 2 ExCelO 160 35 up Exxon 3.40 42 8 up Firstone .80 17 8 FInstBc 2.24 36 1 4 off 14 FMC 1.80 46 off 14 FordMt 1.60 34 8 off 8 Frehauf .40 36 GATX 1.20 30 off 8 4 8 off 14 8 off 8 GDynamic 1 49 Gen Elec 2 54 8 up 8 Gnl Fds 2.50 52 34 up 34 Gn Motor Id 64 off Ga Pac .60 x21 8 off 8 47 2.44 off 14 Gillette Gdrich 1.56 33 8 up 8 8 26 1.40 off Goodyr Great A&P 15 8 up 8 Gryhnd 1.20 23 8 GTE 3 38 8 up 8 Gulf Oil 3 79 off Holly Sug 1 69 34 off 3 34 Homestk .20 30 8 off 4 Hnywll si. 90 55 8 up 8 Horizon 5k 9 14 off Houstln 2.48 19 8 off IC 2.36 44 up 8 Idaho P 3.08 31 8 up Ideal Basic 20 4 up Inco Ltd .20 12 14 off Ing Rnd 2.60 47 14 off InlandStl .50 23 4 off IBM 3.80 113 up 4 8 2 8 2 off 8 IntPapr 2.40 52 8 off IntlT&T 2.76 36 1 4 up 8 Intnoth 2.32 41 8 up 8 KerrMc 1.10 33 off 14 Kmart 1.24 27 34 up 8 up KnghtR .64 24 Koppers .80 22 4 up Kroger 2 32 34 Lehigh Vail 2 34 off 14 Litton 1.80g 67 4 off 14 Lockheed 35 2 off 2 LTV .25 16 8 off 14 Lukens .40 13 8 up 14 Manvil 10 4 off McDnD 1.62 52 8 up 8 MGM Gr .44 10 8 off Int Harvest 7 2 Mid Sou 1.74 12 Mobil 2.20 30 8 Monsnt 4.20 95 MonDkt 2.44 28 MonPw 2.80 24 8 up 4 Motrola off Mt Fuel 1.44 30 14 off 8 40 2.28 Nabisco up Natl Can 1 37 14 up x27 2.20 34 up NatDist Ntl Gyp 1.76 35 up 1 30 .25 off Nil 8 2 8 NCR 3.20 107 1.92 13 8 up NL .20 16 NoStPw 2.96 36 14 up Northrpl.80 81 8 off NwstAirl .80 39 34 off Norwst 1.80 29 1 4 up Nvnex 6 60 8 off 8 Oiin 1.32 x29 up up 8 8 8 RepSteel .50 30 8 off Revnlds 3.20 63 8 up 3 34 ReynldsM 1 31 8 up 8 Robrtsn 1.60 46 8 off 14 Rockwll 1 26 8 up 14 Ronson 3 34 off 8 Roper .50 14 8 Roy ID 2.82b 51 2 off 8 Safway 1.50 23 8 off 4 StRegis 1.12 36 14 off 34 SnFeSo Pac x23 2 up Sears 1.76 32 off 8 Shell Oil 2 58 8 SmklnB 2.80 54 2 up SoCal E 3.80 38 8 off 8 SouthCo 1.80 14 8 off 14 SwBell 5.60 58 8 off 8 Sperry 1.92 39 8 off 8 StdOCal 2.40 38 4 up 8 StdOillnd 3 54 8 up 2 Sunshine M 12 8 off Sup Oil .20 42 off 8 Tandy 32 2 off 1 Teledyne 153 2 off 8 Tennco 2.80 x41 off 34 off 14 Texaco 3 40 Texas Inst 2 144 up 14 TexPacL .40 35 4 Textron 1.80 29 8 Timken 1.80 57 1 4 off 4 Trnsam 1.56 23 8 off 8 Trans W Cp TriCnt 5.02d 8 8 1.60 118 NiagMo RCA .90 35 8 4.97"?, .97 Collection Wall Frames Assemble Mom's favorite 4 OutbrM 1.28 47 34 up 4 Own CF 1.20 30 4 up 14 Owenlll 1 68 x36 8 off 8 Pac GE 1.60 13 8 off 8 PacP L 2.16 22 P Teles 5.40 58 off 4 Pan Am Air 5 8 up 8 29 22 off 14 - n:mJ IW--S I foreclosing a trust deed executed by john and JULIE ANN MUSSELMAN, his wife, as In favor of PRUTrustors, FEDERAL DENTIAL SAVINS AND LOAN ASas Benefi- SOCIATION, particciary and more ular described as: Lot 45, Plat "A", HIGH- LAND MEADOW SUBDIVISION, Provo, Utah, according to the official plat 8 982 CER No. 1266 Published In The Dally Herald May 1984. Assortment of colorful art prints attractively framed in solid oak and protected by full strength glass. protective glass. SAVINGS AND LOAN ASSOCIATION, as Trustee By A. BRAD SLACK LOAN SERVICING OFFI- 7, 14, 21, y.iy TV U i XV 1 1 i I vjtycvwx FY T 1ML I 1 1 1 (BmP 5x7" Size Solid Oak Photo Frame GoM color 8x10" insert; vertical or horizontal display $5.47 - I 17.97 . m Each Wide variety of gallery style art prints. Solid oak wood frames with full strength protective glass. 8x10" Size Wall Frames or mJmmZM M YX.r Chuica Gold color metal frames and satin finish gold color mat. shadow-b- o style Solid wood photo frames. Wooden wall frames. Choose scoop reverse style moulding. Darti oak color finish. 11'" Ea. 22x28" Framed Prints R A7 J93 JAssorted Wooden Photo Frames kf KberlOwenCollHon -i 1.77s, Colorful framed art prints in a wide variety of subjects. Solid oak frames; thereof on file In the office of the Recorder, Utah County, Utah. Dated: April 24, 1984. PRUDENTIAL FEDERAL .- 16x20" Framed Prints Art Prints Legal Notices Legal Notices Legal Notices NOTICE OF TRUSTEE'S SALE The following described property will be sold at public auction to the highest bidder, payable In lawful money of the United Statei at the time of sale, at the Utah County Courthouse, Provo, Utah, Utah County, Utah on June S, 19M at 10:00 a.m. of said day, for the purpose of UI ! --- Your Choice UnPac 1.80 47 14 up 8 Uniroyal .12 12 8 up 8 Utd Brands 18 up 14 US Gvp 2.60 58 U S Steel 1 29 2 off 14 USWest 5.40 59 8 up 14 Utd Ten 2.60 65 8 UtdTele 1.84 19 up 14 Unocal 1 38 up 34 Upjohn 2.56 67 8 up 8 Walgren .72 35 up 14 Warner C 1 22 up 2 Wa Wtr 2.48 16 8 off WUnion 1.40 25 up 8 WesthEl 2 45 8 off 8 Wheeling St 31 off Woolwh 1.80 36 up 14 Xerox 3 40 14 off 8 r nith Elec 29 8 off 8 Ml lj"'WJJVWji : Each 2.80 x66 up 1 8 UAL 35 2 up 1 UnCarb 3.40 56 1 4 up 14 Un Elec 1.72 12 34 up 8 fl iii ru mm 4,47 8x10" Oak Framed 4 TRW It Hi ilMi i photos into attractive groupings. Both sizes feature brown mat with assorted openings and accent lines; protective glass; dark oak wood icolor finish. 34 1 up up 8 Penney 2.36 52 8 off 8 PennPL 2.48 21 14 Pennzol 2.20 38 8 up 4 PepsiCo 1.68 40 34 up 1 Pfizer 1.16 33 4 off 14 PhilipM 3.40 67 8 up 1 PhilPet 2.40 41 up Polaroid 1 29 up 4 PPG 1.44 30 up 4 ProctGl 2.40 47 up 8 PSv Col 1.92 16 8 up Ralston .92 27 2 up 2 up 2 Raythn 1.40 39 t T.7 ti.r l!M:.J!IHIHliHf.fTT f law? Ea. 16x20" Framed Prints Large selection ol gallery styled art prints in 2 tone frames. Choose tanbeige or black white 33and 1m7T Metal Certificate Frames nt accent black or oak color finish-golstripe. Protected by fuli 1 |
