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Show Page - THE HERALD. Provo. Utah. 28 14. 1985 Sunday, July T What is happening on stock markets and the business world Ul&lLUiL'd&b 1LD 3 V ; Press International By United i '(. V - It rates if1.? -t ' ? ' sorts Will Raise i EC I Utah's major ski resorts all are their lift prices for the 1985-8season, primarily because of dramatic increases in liability insurance premium rates. Park City had planned only a SI hike in its adult daily chair lift f raising 6 charged during the past season But resort spokesman Ed Bowers said Friday that Park City was forced to double the hike to a price of S26 because of increases in insurance premiums it must pay Llovds of London. Not Fashionable ( touting gold to your friends and neighbors. Gold? Sure, everyone remembers gold. It was a hot item back in the 1970s, before inflation died down and all the savvy people switched to more sensible investments like n bonds and real estate limited partnerships. Since it peaked out at the start of this decade, the price of gold has fallen about 65 percent. It was last seen limping along in the low $300s per troy ounce. According to Lipper Analytical Services, the average mutual fund d investspecializing in ments dropped more than 22 percent in the 12 months through the end of June. Lots of people now are talking about deflation, rather than revived inflation, as a primary potential problem in the economic outlook. Everyone seems to agree that oil prices, which often closely parallel the ups and downs of gold, are under heavy downward pressure. In its respected ranking system of 91 stock groups, the Value Line Investment Survey currently has zero-coupo- ... J . No Italian Food Today other major components of an Technician Rose Matheny conbundles of wiring to a printed circuit board which will later connect with nects gold-relate- NCR spaghetti-lik- e communications computer system. The NCR plant is at Cambridge, Ohio. Memmott Elected As APICS President Ramona Memmott, production planner at WICAT Manufacturing, North national APICS is a organization committed to education of manufacturers and other industries in state of the art techniques of production and inventory control. Currently 12 companies in the valley are represented by 110 non-prof- it was recently installed as 1985-8- 6 president of the Sundance Chapter of the American Production and Inventory Control Society. Board members include Lil Shepherd, Nature's Sunshine Products; Richard Daily, Powder River Enterprises; Terry Lee, BYU; Theresa Rostron, Nature's Sunshine members. The Sundance Chapter sponsors a monthly luncheon or dinner meeting with a guest speaker presenting material on production and inventory control. The chapter also sponsors seminars, workshops and other educational review courses throughout the year. For more information on APICS call Ramona Memmott. ext. 430 or write APICS, P.O. Box 183, Provo 84603-018- Products; John grout, Signetics Corp.; Jo Pfunder, Valtek and Jerry Sermersheim, Pittsburgh-Des Moines Corporation. Past president is Bill Burleigh, Valtek and outgoing board members are Dale Sue McDowell, WICAT Manufacturing and Bill BYU. SALT LAKE CITY (UPI) -Western Airlines has requested permission from federal regulators to provide direct service from Salt Lake City and Phoenix to the Mexican resort towns of Mazatlan and Puerto Vallarta beginning Oct. 27. The flights will originate in Salt Lake City and stop in Phoenix before going on to Mexico, the airline said Thursday. The airline has asked the Department of Transportation for a decision on the proposal by Aug. 1. Chief Executive Officer Gerald Grinstein said the airline initially wants to provide the service to Puerto Vallarta four days a week and to Mazatlan three days a week. Chevron Chemical to Close Utah Plant - Chevron MAGNA, Utah (LTD Chemical Co. next year will shut for phosphate fertilizer production. Sulfuric acid supplies to replace the Kennecott source have been secured, said Osmundson. "but as down its phosphate fertilizer plant in western Salt Lake County, shifting the Utah production to a plant now being built in Rock Springs. substantially higher delivered cost." a The plant has produced up to fertons of phosphate-basetilizers annually for independent dealers in the West and in the upper Great Plains states. Stauffer Chemical Co. built the e site. plant in 1954 on the Chevron purchased the facility in Wyo. The closure of Kennecott's Utah Copper Division forced the decision. Chevron Chemical spokesman R.J. Osmundson said Thursday. He said the Magna plant has been dependent on Kennecott for its enrire supply of sulfuric acid, which is an essential raw material 130,000 d 700-acr- 1981. Mickelson to Head P3J Nephi Chamber IDENTIFICATION: AMOUNT LENGTH Office OF SPACE: Approximately 4,700 Sq. Ft. Provo, Utah Area between 800 Weil to 800 alt and 2200 North to 500 South Two yean with automotic renewal for on additional year 35 llolli Facilit'M mull b occeuibl to th handicapped Facility mutt meet all local loning requirement!, Hate itandardi. Hate code! and locol codei. Augutt 1. 1985 deiired OF LEASE: nmna MSCtLUNEOUS: OCCUPANCY: Tlphon: "IJ-1- ' ",-L- v 4 7 Ti) l! f ' j fcrannounce$ J- )1 the " Penin9 ACDCKI -, ;:.MoaoM69ow... v&WMOMMMOC :.sMK40MeV :mwe&wiaK. h -- Based en 36 month Momma WBlrVdMMC vmmo: ml ., RK ... - SHK m .j8mk A .... k. You .JBHH WW A .... mr. inmn MK j. r BUSINESS PRODUCTS latpurchai a j. . jl jk.-- jHgc. MIL M jam w M. , jk moh m .... imam. JRKUeX AM ... M .... " &, ., jMdW iSoM ?:' ""jS ft S 3 3 S S W " && . - ft .... Lotus Ashton Tate AAA Haled Property "Th Inn-Plat- e K 40 wlla Diablo AST SSI Power Base Systems Microsoft IBM Breakthrough Software Star Micronics Ventel CDC Texas Instruments EFI O'Sullivan and many others! j l beautiful EASY FINANCING GOOD AT COMPUTERLAND OF OREM ONIY V .1 Vc"T - visit our new facilities. LECTURES BANQUETS REUNIONS i f' Cyma nAAU MEETINGS v r 1 Choose from a wide selection of popular hardware, software & furniture options. - i' 1JU( ft & w 1 on a MM Compyf er Systems ..WW PARTIES PRODUCT DISPLAYS V - I BS Compare our value and quality before you make a decision. WEDDING RECEPTIONS CONFERENCES ft jf 1 wm E are invited to - JBeVMt.. jJJWJK sift ' ' ,ne KL 420 NORTH 200 WEST, PROVO xL. .s, CENTER along the quiet banks of the Provo River. RECEPT,0N-C0NFERENC- - AMERICAN svS& WWWOK ' TCr &w.JUi- Mention this ads when you call and receive a FREE digital desk calendar set with your demonstration. W&SSSWibtfSo 9MJK!LlJCf 1 sonic very smart things tor you. So you wont have to. For the lull storv and a tree demonstration ot "loshikis new BI) tftfll just c;ive us a call. But please hurrv. At this low price our BO-Si2- s could be Kne in no time. in 1986. Facilitiei Comtruction A Management 4110 State Office Building Salt loli City, Utah 84114 secretary for the organization. 5' SEE9'" y Joyce H. Milne Pleaie tubmit proposals to: - ia- PacEiage! SPICfc as remain I' DFCM8506-- Of lOUTKHt u'pir every minute. Which m.ikes i! the t.islest copier Tishib,i h.is ever made. et tor ail its peeci. the Toshiba BD-8ako comes with a loiv list ol computer-automate- d features that lan do iili'-tii-iAl- i' are many investing institutions The new Toshiba cm v you 40 HI Department of Social Service! TYPt Mickelson graduated from Juab Hi,n School in 1980 and served a mission for the LDS Church. He is also owner and operator of a business which provides taped music and laser light shows tor dances and other activities. Boswell will a lot more than time. OUVi $230 mo. selling or shying away from the stocks of South African gold mining companies. "Some of these institutions are seeking to obtain representation in precious metals to offset the drop in South and thus African gold equities are being forced to bid for a handful of institutional-qualitNorth American precious metals firms," he says. Among those few candidates are llomestake Mining, Newmont Mining, and Freeport McMoran Inc. Even in his relatively lonely optimism. Morrison isn't projecting anything like the roaring bull market for gold that occurred in the 1970s. He predicts an average price of $340 an ounce this vear and $425 STATE OF UTAH ADVERTISEMENT FOE! SPACE PWfOStt insurance fees. Both Alta and Deer Valley plan only a $1 hike. Deer Valley, the most expensive northern Utah resort, will charge $29 next year. will save you published the other day. the dollar is still strong, inflation is being held in check, interest rates and oil prices are both declining, and there aren't any excesses in the Free World economies." Nevertheless, Morrison says several forces may be combining to push up the price of gold, and the stocks of North American gold producers, in the next year or two. If the dollar declines in foreign exchange, he argues, interest in gold as a haven from currency fluctuations could increase. That view got some support this past Monday, when the dollar took a tumble and the price of gold jumped $5.30 an ounce on the Commodity Exchange in New York. Furthermore, Morrison contends, inflationary expectations in this country could well revive as a result of rapid growth in the money supply prompted by a stimulative Federal Reserve credit policy. For political reasons, he notes, The Stale of Utah request! all penont iniereited In leafing space to th Stat to tubmit a propoial by 2:00 p.m., July 16, 198S. Specifications or available upon request at thil office or contact William 0. Jonei, Department of Social Service! at Jens Mickelson, owner NEPHI of Mickelson's Cafe in Nephi. has been selected as president of the Nephi Chamber of Commerce. Mickelson. 23. will replace Stephen Boswell who has been president for the past 24 years. Vema gold mining Western Seeks Route to Mexico 374-584- a, American stocks rated 88th for likely performance over the next year. But in the view of at least one analyst, those North American companies offer some intriguing prospects. "Economic and monetary conditions would suggest that, at first glance, neither gold bullion nor gold share investments are attractive at this time," concedes Clarence Morrison, first vice president at Dean Witter Reynolds Inc. "After all," he said in a report forced to hike the chair lift charge even more due to higher At our price Toshiba's fastest copier old Investing NEW YORK AP) If you want be a maverick on matters of personal finance right now, go around be Skiers who use Snowbird Resort will see the largest dollar increase, a $3 jump to $25 next season. Park West Resort will increase its rates by at least $2. from S18 last year to $20 next season. But Park West officials said thev mav lioni toi the coming season, $24 Lift P rices v7, jtlJM tor holding meeting$ & fecepfoni in Provo" 2230 No. at Univertity Parkway, Provo WORLD'S LARGEST AUTHORIZED DEALER OT IBM PERSONAL COMPUTERS If 373-704- 4 V . -- N oj unil uy y Carillon Square 287 East 1300 South Orem, Utah 224-260- 8 i |
