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Show d DESERET NEWS, WEEKEND OF MAY 31, 1975 W7 s Ballet West worth $80,000 to Utahns? IjilhistrtMD j;v jttst-p- tabu.-- interested enough in L to menu. and euilural ts.i weil-o- f state to spend save a iwllion-dolia- r then-- t mi vi w .tut me that much short right -- aid .lames Kee, Ballet West ,dn rector of de. elopment. Hi is. how o er, optimistic that ,,t money u ill be raised We'ie raised all but 0.000 of i""1 so !ar 1 believe it can In' line he added I'jdet West will not. of course, an out of business if the $00,000 is mil i cased But Us atm hies w ill tx aipii reduced if the Ford grant N net matched In addition, the Ballet Company hepis to go back to the Ford auiidation and garner an endow wui! mini that vuii put tiieuigun-'.i!- . en a permanent firm finan We Because io i dunu.il to nullum Utahs M.ci i( seeks al! oi the ol Ireco Corporation a i ,n t,j-o- d manulactui mg and distributing firm of explosives has been made by 1 Resources and Chemical .mration. M Garlield Cook, pre-i-i- ii it ol lieeo confirmed '.av that the offer was made m oi M ellrct. Gull will end up iw tier of the explosive its oiler is accepted Burt pircent ol Ireco is o i m id by RioTmtic Zini of 'ii1 nden through its Rio iv Holding sub-l- i Corp has made an after for ,t i percent pm chase pi ice of $17 per re has been agreed upon. i'i -s eek suptxrt trum the and proies-iotn- d in Utah "Ballet West - not just a great cultural asset, but has brought millions of dollars to the Utah ec niomy ov or the past years." said In order to continue to Kee tunc lion, however, we have to have Ihc continued and increased sup addition, approval must obtained trom the Cana-iiaForeign Investment Re-'fAgency for the transfer i control of a Canadian .U'ldiary of Ireco. Ireco ol uiada Ltd i tan aie to complete the In n w oisditions mid-Jul- aid ook Ivtu Chemicals is engaged business of maiiufae tuiing and marketmg exolo-sivi- s and providing mar-ruiservice. for th" mining m the ti g Pim-uni- The firm has locations throughout the vvoGd and einp'ovs moie than 4i0 Vhout 2ixi are employed It . ior s,,;, said the aieenu'nt Oi the slot k mtludcs piousmn that local management and plant location and ojiei ation will remain the same a iM, business community." lie added mm in the Balled West (c'd it Dance Depart moot of 'ho I mv er.si-tof Utah, which Ix'g.m m 1951, when Wiliam Christensen created ation. In 19s8, the name w as changed to Ballet West and funds weie re cened from the Federation of Rocky Mountain States The ballet leg-icm- explained Picsident Tanner He said one mi'mher of the First Piesidency will remain on the board- - of the com panic's with a few President Tanner Co and ZCMI President Romney will head the boards of Be nefinal Life Insurance Co and Zions Securities Corp in addition to Hotel Utah Co Salt Lake Dayton. businessman Kimball and President President Tanner had been -t i v uvg as chairman and v ice cnairman ol the board "Membership on the Imarcis Marion G Romney, counselor in the First Presidency, who pieviou.sly w as a v ice chairman Hher new hoard members ne John Dahlstrom, Salt Like attorney and businessman Ellis R Ivory, presist corn dent of Ivory and Co , and J Howard Dunn, vice president 7ion- Hid manager, 1 said the First Presidency will continue as board nu in hers of Deseret Management Corp , (he holding com pany lor mo- -t of the Church-uwneAll President Marion G. Romney, chairman of Hotel Utah Co. three ol d corporations, Chuich Board of the Education board ol -- Industries The hoard of Alta Industries Corp has declared a quarterly cash dividend of five tents per share payutuc July i to shareholders of l ei of d J ui'it 20 directois Inter- Pope YORK il'PD -Reopening of the Suez Canal could help reduce the U S balance of payments deficit by cutting transportation charges and making American goods much more competitive in the Arab world and in some Asian countries Oiiicial spokesmen for sev-eiof the Arab countries recently have uiged Euro pean and American exporters to make extensive use oi the canal instead of shipping around Ahiea or overland through the Balkans and Tur Key They said they favored the Suez route for their imports because Egypt desperately would need a rapid buildup of the canal revenues Egypt's financial conduinn is a matter of deep concern to its Arab partners as w ell as to President A nw ar Sadat Sadat disclosed recently he would k Piesident Ford fur American help in paying off Egy pi's enormous debt to the By Leroy national Corp board They serve as chairman and vice chairmen of these boards Piesident Tanner noted the church does riot own I'teh-IdahSugar nor ZCMI, both ol w huh me publicly held, but has substantial stock positions in both firms Hotel Utah Co operates Ihe Hut . i 1 a h . To m p! a Sq u a re lloti! and the Hotel I tali o 1 Motot Lodge U.P. to pay a dividend - NEW YORK The board of directors of Union Pacific Corporation Friday declared a quarterly dividend on common stoc k of 70 cents a share, payable July 1, 1975 to stockholders of record June 9, 1973 Union Pacific has paid on its common stx'k for 73 consecutive years NEW a-- PROBLEM? located at Schreyer's 241 Se. Stti E. Salt lake City 533-C49- 9 Ml at iinivemfy Uttth) Ml Ot'Vth Park Place family condominiums qualify for the full $2,000 housing tax credit (if the condom, nium you buy becomes your principal residence). Well explain exactly how the new tax credit benefits you And we'li give you an informative handout, too. U PARK PLACE Family Condominiums 5600 South Van Winkle Models open: 11 Expr fo7 daily Arnold In inf Deseret New s business ed'tor By There's nothing that cun immobilize your car faster hoce than a ruptured cooling a a hose he can Replacing relatively easy task you're in your dnvew ay w ith the necessary tools and equipment at hand Out on the road between towns and no service station m sight, replacement on the spot may be out of the , v t ,v question An could he the only solution. and Best not wait for the break that surprises dismays With the summer driving season coming up this - a good time to cheek the hoses under the tiood to make sure they re m -- nape lor long trips and hot temperatures The engineers at Goodyear Tire and Rubber Co. tell us hoses should be replaced every two years or 25,000 null's They, of course, are taking the suixr-carefpesition that would just about eliminate any possibility ol unexpected breaks vlany oi Us live udu,-- 1 uuol) and let things ride tor a much longer time. For such, a periodic check under (he hood is even more important m fluto World ill-j- Replace spongy hoses It the hoses are spongy or cracked, replace them 11 thev leak, tighten the damps II the leak persists, replace Ihe hu.se Some hose and licit replacements are major jobs that novices may not want to tackle. You may want to turn these jobs over to professionals. A service station attendant and I struggled for a gxxl hour one lime on the replacement of a small hose. It was a "bear. Here are some tips should you decide to install a hose yourse'f Di am radiator Save coolant if it's still good Install new hose, first dipping ends m coolant to help them slip easily onto spouts Tighten damps snugly Replace coolant - Start engine to check lor leak- "" - 7 New tire available J Brewer Tire v has become distributor for a new tire developed by International Rubber Industries, Louisville, Kv Trie radial tire has steel tire cord to protect all three sides of the tire rather than just one W Co Americans will profit HAVE A HIMLOF'S cooling hoses Suez Canai opens We leel we can get suita t oi . longer serve us chairman and vice chairmen ol the boards el some companies the Chuich owns or has substantia! mtere-- t in briefing at the White H W hov a calculator Huuse on industry problems to answer Itlllll will take Robert E Halhday, j of t D Hewlett Packards executive vice president the Utah Manufacturers 6 Nlcvus to Washington, I te nos Instrument June 10. I Rockwell He is chairman of the state litronix asouiiaiicn group of the Na9 MANY, MANY MORE tional Industrial Council. President I1 ora and mem- - ij Need a special type bers of the White House staff wf machiiwt will participate in the Just call and wa'II help all we can briefing. txrard - f Utahn to attend briefing in D.C. Alta ha- - required some time and the Piesidency has felt its time could he better utilized m building the King dom " Piesident Tanner Reelected to the board and named chairman was President will serve as chairman oi two boards Utah Idaho Sugar y and on the Bonneville ;i Relief Society building which the company rents for a modest fee Kee. who is from New Yoik City, where lu met his wife, who was daiui.ig with the New ork City Ballet, and now stars with Ballet West under hei stage name, Suanne Erlon. was highly complimentary of the team work which marks Ballet West "Competition is keen here, hut it is not vicious and brutal like it other parts of the country Here, the dancers woik together m a united etloit to bring great dance to the public It makes working loi ilic Ballet a real pleasure." he aid nd the Biigbam Young Lm vei-it- lu m an old LDS chape! (19th Ward) -band adjacent in the IKflOs the first dance department at a major university m the United States. From that came annual perforIn mances of the "Nutcracker. 19U3, the Utah Civic Ballet was incorporated and the first grant was received From the Ford Found company became the oflicial company of the federation ! uilt y a-- y per-on- Lui-r- iciit of the ble and capable men to '. lioard members and give ho First Presidency more Ume to devote to Church aflaiis " directors of (resident Spencer V Kimball ot The Church ol Jesus Saints, Clnist ot Latter-daresident his Inst eoun-elo- r, N Eldon Tanner. Elder Hindi H Brow n of ihe Count il oi the Twelve and Newell B I bv eom-miiniti- One theme expressed to u has been the importance cl Ballet West as a eulunal and tmanesal a et to the state en Coip The (hange is in ac outdance with a newly established policy ot the first under which Presidency D t f (i. t P. J lilt I iII i icomuuv. in year to -- 27 5 ' short "A ma)or cilort was made tins the Hotel Utah Co was reorganized at a Friday meeting, aiuudmg to an ai.nouiK made today Four members of the board did not stand tor reelection r to buy mic al $tii),0uo 11 lie boui d ol Ireco stock 'Iv Ballet West is more than cultural asset to Utah. Dance group does $1 million business annually. In addition, the ballet conducts an annua! spring drive fund drive to match Fend grants Tins year the goal has been X27H.OOO still We-,- trustees serving without pay The hoard is presently without a chairman Mrs .John iGleiuu Wal lace has seiu-- as duuiman lor a number ol yeais. hut recent Iv l etired "The hoard has been a gieat la In ;n meeting our annual ol uga tioiis," Kee said. Ballet West is housed at present Hotel Utah reorganizes board Gulf it It !, diet and corporate souiccs Each fall. Ballet We- -t Guild sponsors a "Telebash" auction ol goods donated by Sal! Lake Last lull's alFur mi ted more than $3o.ho hallo coni'Uiny lias xt; employ eb who live m because oi liallt t West Their n UTivZuii one-linr- T,e ill nt of the d The remaining budget must come from private ccti'ioiny hdl-tii.- Such toms are a "breakeven ' operation, according to Kee What they teally help u.s do is gel national recognition and, natuial Utah in these othei Iv, icpre-estales About one sixth of the income is denvisl from Utah Division ot Fine Arts and Education Department and the National Endowment of Arts These fund- - are earmai kod loi -pei the engagements and prelects such as Utah school umr-th- c fcatnm ol new ballets, and tuppoit ol Ballet Wests annual May 31 ot on avtiViut-- s ha-a!-- torn ed die midwest it '! he annual budget lor the next tomorrow Msial ycai. $1 222 Vioia me-haoi the company budget comes fr..ni carned revenue, (arformmg lees, ticket -- aleand advertising, said Kee ic niitmumg through r t vear, will approach an! have a direct eflect Wild ptivi'ull o ' phis the The summer seaNutcracker son is spent in Aspen, Cola, where the company pet forms tor a month and conducts a school Performances are also hold in Ogden. Provo and oilier parts of Utah on a tour basis Each year, also, the company tours the west coast fm two iiuk-an- d lor the past several years winter and spring, " jobs and millions of dollars annua! ly to the state's economy," Kee said In addition to Ford Foundation money, what other sources of income does the ballet have'1 im-t- did s Thousands of out of city resi dents journey to Stilt Lake City to "see the annual (. form am. es id the and other Ballet "Nutcracker, West productions, bringing moie money to restaurants and hotels and motels "Even by the most conscn ative economic' multiphei. Ballet West s the community doesn't sup-)it the Ballet in a meaningful w ay namely, money," said Kee fund diivt-ba. ik .an! the cuin-n- t iwn diB.cult lx'cause, "This h.is been a most difficult year tor hind KUsing The poor economy h. i curtailed donations However, mu inends are coming through uin and we are close to our .eal Ballet West, recognized as one d ihe w.. i Id's major ballet com iM.iie- -, has become an important m Utah, even though its " m non profit and ar ie il West, enson three Ballet West seasons in Salt Lake City , la!!, students are enrolled e mg But that would bo Ballet tew apprentices, The administrative staif (if a genera! manager, com pany manager, publicist, ward-mimistress and assistant, four technical crew niemk'is, a I allot no stive? and assistant, seven al -- ei n lanes, and, of course, Christ- m the dance department of the University of Utah, which brings to the state and additional rev dollars to local businesses -- ! i of a few on scholarship. The majority of dancers' salaries range from $5,000 to $10,000 a and In addition, the company is a major buyer m Salt Lake. Local distributers of dance shoes received $2:5 000 from the company, and $ti,0oo was spent in costume material shops Another S2S,OuO was spent for stage and electrical supplies and $53. (UK went to print mg shops and for advertising bu-aiu- it dancers include st ecks will tell is Ballet West It !U HUitt-- . neatly $1 million annu ni -- alai ie" and purchases But the compaity mud raise .ihi'I'ht s(j iKHi m the next two , . k' to match a Ford Foundation next two riH- The company has between 33 and 40 tullt ; me dancers, administrative statf of between 15 and 20 The annu-d- wmch is put right hack into the state's economy Ballet West is the largest -- ingle "customer of the Utah Symphony Whue the symphony provided Udow-eoservices, it received $122,100 from Ballet West this lisi al year writer .",vs n payroll la Keep an eye on your car's Soviet Union This debt, estimated at $1 billion to $7 billion, was piled up from Sov let credits for the building of Ihe Asw an Dam and for the huge deliveries of Soviet weapons and munitions to Egypt for the wars with Israel If Sadat gets the American help he hopes for. that ostensibly could put the United Stales in the position of 'helping finance both sides in the middle east struggle while, at the same time, Secretary ot State Henry Kissinger is striving to bring about prolonged peace in the legion Yet, the chance to replace the Communists in the economic scheme of things in the Arab world certainly is not without its atti actions to Washington Strange as it may seem to those Americans who were so jiessimistic only a year ago about the United Slates' economic chances m the trade there greatly despite and royalties lev led on U S dominated international oil companies and the longer range threat of ultimate nationalization of the oil industry m the Arab lands In 1974, the Initod States had an unfavorable trade balance with the Arab countries and Iran for the first time in many years. Exports to that region were $4.3 billion Imports of oil, the price of which had been laised so dramatically, and other products were $4 5 billMiddle East, and Imancial has improved bigger taxes ion the U S. position a S2hu million U.S deficit But this year the United States exports to the Middle East were running towards the end of the first quarter at an annual rate of $6 7 billion and imports at a rate of only $5 5 billion The reopening of the Suez Canal definitely could accelerate American exports to the region |