OCR Text |
Show Juab downs Moab in Friday football action 13-- 7 1 : s The Juab High School Sperry, and Bart Wasps defeated the Feaman, directed by Moab High School Red Vance Gadd, took their Devils 13-- 7 in football ac- turn at marching down tion Sept. 3 at Moab, Moab pressure on defense, but held. ,3 i: early Moab came back with a second quarter drive that resulted in a score. Juab then came back strong in the second half. The Wasps first score was on a pass from Vance Gadd to Lance Osborne. Gadd kicked the point after. 27-ya- rd Juabs next touch- down came at the end of a drive that controlled the ball for over 10 minutes. Dave Garrett, Curg 90-yar- d the field, and Garrett scored from one yard out. Garrett and Sperry Bradshaw takes city league golf crown The Bradshaw Auto Colonial Manor team. Members of the BradParts team beat the TJs Drive Inn team to take shaw team are Bill the championship in city league golf play Aug. 31. Ostler, and Tony Cowan. Bradshaws got into the finals by defeating Trophies will be awardthe Utah Foam Products ed to both the Bradshaw team for the division B and TJs teams at the an the nual closing banquet of championship while week, the Nephi Mens Golf previous TJs won the division A Association held Oct. 15 title with a win over the at the Sunset Inn Cafe. Corporation. in- dicating that repos are backed by U.S. govern ment securities might by misleading. Actually, the securities set aside as collateral to secure the investment will likely be treasury bills or issues of various agencies of government, Snyder said. He notes that the Federal Reserve Bank of San Francisco has notified its member institutions that customers should be told whether they have a perfected lien such collateral against underlying under state law, and whether it is being held by an independent trustee or custodian. The legal consequences of not having such a lien should be described. Customers buying repos should also be told that the collateral's ket value could ciate before the mardepreagree- The 4 Times-New- s Nephi, Utah Sept. 9,1982 Broadhead said. The Wasps next game will be against North Sanpete in Mt. Pleasant at 7:30 p.m. Friday, Sept. 10. Wilson golf tQ . Q0 pl3V0Q ' . . Sept. .11, local golfers will hold a tournament dedicated to the memory of former city councilman Ernest Saturday, which reduces and risk, speculation, which is risk taking. Most farmers and greens Prizes based on a maximum of 40 teams will range from $300 for first place, to $40 for tenth place. Additional prizes will include a $300 gift certificate for anyone a making a golf bag for the longest drive, steak dinners for those getting closest ranchers who have lost money using futures were speculating rather than hedging. For example, if a cattle producer sells a futures contract for more cattle than he has, or buys back his on No. 2, contract (lifts his hedge) and a dozen golf balls for before his cattle are the shot ready for market, he is No. 5. no longer hedging, he is Interested golfers may speculating. Speculation is one of the pitfalls that sign up for the tournacan bring financial ment by calling Jack Lomento at disaster, he says. Since a hedge offers . Entrants must have a protection from heavy current handicap card. Please turn to page 6 hole-in-on- e, closest-to-the-holeo- 623-993- . to notice that potential building on or changes in property should be approved by the proper city authorizes before any work is begum Bookcraft L.D.S. j BOOKS AT ! ; Kimos Kamera 123 S. Main Nephi, Utah; Greenhalgh s description of the boards limitations, however, Watts 623-037- 6 HAWAIIAN LUAU Saturday, Sept. 11th at the Mona First Ward Last call to get in the phone book! Its almost time for your new telephone directory to go to press. And that means that time is getting short to change or get a new listing to us for your home or business. So if you have any changes to make in either the White or Yellow Pages, call our Residence or Business Service Center now. Well be happy to help and to provide information about any changes which maybe involved. . The final closing date for the Provo Directory White and Yellow Pages is September 20th. (g) Mountain Bel Dinner, 6 p.m. featur-- : ing barbequed pork and prime rib. $20 per family or $5 per person. Program at 7:30 p.m. For Tickets, call Linn Heyborne, Bryce Lynn, or Ken Beardall. 0. Thought By Russ Farrer Flavor plus for beef stew simmer with the juice of a whole orange and half the grated rind. i Brush hot pie crust with lightly beaten egg It wont get soggy when filled. white. If homemade soup is a little blah, add a dash of soy sauce If you grate a large quantity of cheese at one time (in your processor, for instance), freeze what you dont need right away in a moisture-proo- f container. Hard cheeses such as parmesan and romano even Cheddar and swiss will freeze well. Expert chefs make stock without salt. That way, it can be reduced to a glaze without making sauces too salty. Its easy to when preparing finished dish. salt-to-tas- te Are you an expert cook? Then youll recognize the skilliful touch of our chef at Russ Farter's Sunset Cafe, 1025 South Main, Nephi. Call Treat yourself to a wonderful meal with us. 623-087- 5. is: fr Qualified fr Capable i'j4 According which is in violation. All citizens are also put on Food For BECAUSE He rJ . down the structure j? Epperson for Justice of the Peace in the September 14th Primary! - n quires front yards for residential housing. Instead of the yards approved in the original building plans, covered automobile parking has been erected without city approval. Watts contends that since the parking was built in ignorance of the ordinance and as it would cause a special hardship to tear it down, the the board of adjustments should grant him a variance to allow the covered parking to stand. has no choice but to tear Enjoy Nephi. VOTE Kenneth 7 Weather building up golf in k Experienced fr Your best choice. ment matures. This would make the investor an unsecured creditor of Overall, says coach Fenton L. Broadhead, the team played well, especially in the second half. Defense has been the teams strong point, grant override an ordinance if it is asked for previous to the action being taken, but it cannot grant a variance after the fact. Greenhalgh was parThe Nephi Mens Golf ticularly adamant about Association will sponsor making the boards puran exhibition by the poses and limitations Brigham Young Univer- clear because of recent sity womens golf team at Canyon Hills Park Friday, Sept. 10 at 6 p.m. NEPHI WEATHER The event is open to the public, .and will E.C. Sherwood, reporter feature Terry Norman, Date High Low Prec. 30 89 60 .00 who recently captured Aug. .00 55 31 88 the Utah state womens Aug. 1 49 .00 89 amateur championship. Sept. A steak dinner will be Sept. 2 86 48 .00 50 .00 held at the park follow- Sept. 3 95 58 4 .00 90 The exhibition. the Sept. ing cost of dinner is $5, and Sept. 5 91 54 .00 those attending should Sept. 6 90 56 .15 Sept. 7 82 54 .00 bring their own dishes. Golf team to hold in expression of their gratitude for help the late councilman gave to hedging, - surance record. that the board cannot act on a case that plained pressure it has received from Dr. Gary Watts, owner of the condominiums at 765 North First is already in violation of West. The building is a city code or ordinance. currently in violation of a a variance to city ordinaance which reIt can The entry fee for the at a future date. three-ma- n scramble is Bond says that there is $30 per team, which ina difference between cludes fees. by Blaine Jones Advertisements The win at Moab gives the team a 2 win, 0 loss Board of adjustments the tournament annually Here are tips on repos, hedging markets with futures : Pexton. From page three I. Wilson. Golfers plan to hold News and views from your county agent the financial institution. USU Extension Agent The investor would owe the difference between REPOS For more than a year, the repurchase price and the actual market value banks, savof the underlying coland ings lateral. loan comInterest paid on inpanies, and vestments in repos is not other financial institunecessarily related to the actual yield on the tions have been encourunderlying collateral, the Federal Reserve Bank aging small B. Jones investors to buy repur- says. The bank will pay a chase agreements, called fixed amount at maturity (including interest) repos. are as regardless of fluctuaRepos promoted sound investment oppor- tions in the market value tunities. They are avail- of the underlying colable for as little as lateral. Usually, general $1,000 at competitive banking assets will be used to satisfy the money market rates. Dr. Don L. Snyder, Ex- banks obligation of the tension economist at investor rather than acUSU, says that repos are tual proceeds from the not money market mu- sale of the underlying " '' tual funds or insured cer- security. The Extension specialtificates of deposit as some investors have as- ist adyised anyone consumed. The repurchase sidering repos to review agreements, also called the printed information money funds and in- on the agreement refervestor funds, may or red to in the prospectus, may not be a good in- offering circular, or other vestment for an in- document. dividual or family, and HEDGE TO so its important to know RISK REDUCE ; what they are and what can lock in Farmers can be expected of them. the selling prices of their Snyder explained that with a futures when a repo is bought, products says Larry K. the purchaser acquires hedge, Extension econoan interest in a group of Bond, USU. mist at government securities Bond says that the held by some financial inmarket is an acfutures stitution. In effect, intool. management vestors make the institu- cepted To make it work for you tion a loan that matures that you learn in 89 days or less. The in- requires how to use it, he said. stitution agrees to repurTrading in futures, chase the share and pay is nothing he says, interest on it. more than buying or sellSince repos are not ing an interest in a proddeposits, they are not uct such as cattle, grain, guaranteed or insured by etc., with transferral of the U.S. government or the product to be made the Federal Deposit In- were the leading rushers with over 130 yards between them. Garrett led the team in tackles, followed by Troy Paid political advertiwnent by candidate Oostom Caikg Mnafckg fin tfflte cafe fct cart msL important calls for Nephi, Mona, and Levan customers wont have to be kept waiting. Thats because our new switching system has now made Custom Calling available. Your phone may ring differently, and may have a new dial tone and busy signal. But these small changes will make it possible for your phone to do more than ever before. With Custom Calling you can get features like Call Waiting. It lets you put one party on hold and talk to another when an incoming call is signaled. With Calling, you can talk to two parties at the same time. Call Forwarding lets you automatically forward your telephone calls to a number where you can be reached. And Speed Calling lets you d dial a number on your phone simply by tapping out one or Now, 3-W- ay pre-code- two digits. For just a few dollars more each month, you can choose any or all of these conveniences for your phone service. If you would like more information on how Custom Calling can work for you, call our Service Center. Residential customers should call) business customers may For service that call, Mountain Bc3 wont keep you waiting. toll-fre- toll-fre- e, fru e, : ! |