| OCR Text |
Show t.ti'.crve,ato64r.; ts4,, . 0 , ress soon to decide rl 117 Elder Witt from waste products, often referred to as biomass. Most of the technology for producing these fuels already eyists. But large-scal- e production of them has not been undertaken in the United States, chiefly because of economic risks involved and also because of questions about the environmental and social impact of synthetic fuel development. Concerned about the nation's need to increase its domestic production of fuel, the Ford adniinistrtion hopes that its synthetic fuel proposals will result in the production, by 1985, of the equivalent of 350,00d barrels of oil a day. About of this amount would be produced by two oil shale plants; d would be another gas produced by three coal gasification plants. Approval of the loan guarantee program is "essential" to get the new industry under way, argued Sen. Henry M. Jackson one of the, provision's sponsors, just before the Senate approved the proposal late in July. The Senate included the program in a bill the House already had without the loan guarantee approved provisions. The bill in which the measure is contained ia a major one, authorizing billions for energy research and development by the federal government in the current fiscal year. House and Senate conferees were to go to work in September to iron out the differences between the two versions of the bill. But some House members, alarmed by this new provision, called for hearings to explore its implications. Two subcommittees responded, which delayed conference sessions and held up congressional action on the energy research bill. Congressional Quarterly Congress will soon decide whether to pledge billions of taxpayers' dollars to encourage creation of a new fuels industry. At issue is a program Under which the federal government would guarantee loans for the construction of plants to produce "synthetic" tuels from coal, rock, wood and waste as substitutes for oil and natural gas. President Ford backs the program, which the Senate approved in July. Administration officials say that the United States will need at least five million barrels a day of these new fuels by 1995 to supplement oil and gas supplies. The nation must begin now to develop the capability to produce such quantities, they urge. Advocates of the program argue that such guarantees. and other economic incentives proposed by the Ford administration, are necessary to take the risk out of starting up such an expensive new industry on a commercial scale. , 0 extracted from oil shale. Oil and gas of varying quality produced from coal. Liquid and gaseous fuels made TIOAER D , pESERET NEWS, FRIDAY, 00 Ci NOVEMBER 14, 1975 B "This is not a time to be timid," says Sen. Jennings Randolph sponsor of the loan guarantee program. "It is a time for commitment to the future." The nation must do more than merely talk about developing new energy sources, he says; it must set timetables for commercial production of synthetic Weis. The proposed loan guarantee program already is "the single approved by the Senate in July most important action that can be taken by the federal government to expedite the commercial development of a domestic synthetic fuels industry," Randolph states. "This kind of federal assistance is absolutely essential to launch a synthetic fuels industry," "The agrees Sen. Henry M. Jackeon exists today and is ready for technology commercial demonstration. The' barrier is an economic one Production by 1985 of the synthetic fuels equivalent of one million barrels of oil a day will require a capital investment of about The marketplace does not now provide sufficient incentives for this kind of outlay for a pioneer industry. It is up to the government to provide that incentive." ''':'' ::''. our to we As struggle regain economic strength without reigniting disastrous, double-digi- inflation, t Americans are, in mounting numbers, leaning toward the view that pollution control is a luxury we cannot now afford. And this well may include you, consumer activist along with businessman. Under the circumstances, it's imperative to ask: just what do environmental protection investments cost? Must we sacrifice jobs for clean air or bite into our paycheck's buying power for safe drinking water? The answers: concerns about our environment and concerns about our economic health are not mutually exclusive. (1), Pollution control makes jobs, rather than destroys them. This is a multi-billiodollar, labor intensive industry. A $I billion investment in a sewer ..:and treatment plant, for instance t generates as many as 25,000 This tally climbs to 85,000, with the inclusion of engineers who design the facility and workers who transport the equipment and materials. Of the 69 plants that were closed or curtailed from 1971 through 1974, partly because of pollution control requirem ents,Inost were small, old, unprofitable factories which probably would have been shut down anyway. A study of plant closings and environmental factors by the Oil, Chemical and Atomic International Unions, in fact, concluded that in these industries: -It is apparent that environmental planet-preservin- g n , 40 - ?VP lilt-411)- graduate. He joined green's in 1972 as a food manager trainee. He was an assistant food man- LO tkv.,,: .,,,..z,...,... i,,,,,n,:. iii. ,.. ,, '91 :' t, ..,,: NAM tS- I 1 .': , ager prior to his appointment as manager. is the operator of the new facility. Help wipe out bunco schemes ' con An elderly person is contacted by a person claiming to be a bank examiner trying to trap a' dishonest batik employe. isti, Mr. Halltnan man, manager. Open from 7:30 a.m. to 9 p.m. Monday through Friday and from 7:30 a.m. to 6 p.m. Saturdays, socio-econom- Not until the phony examiner is long gone does the depositor realize he has been defrauded. . lit I Thursday's debits Same day last year Week's debits Same week last year Today's crearings 5.1me day last year Week's cibatings Same week last year An award of excellence tor the company's annual report has been given to the Surety Financial Corporation of Salt Lake Nov. 4:: ''''' 1 themselves I 1, Fridoys Quotations Thursday's quotations Ask Bristol Cnylnds Chief Cons Clayton Comb Met Comet ' Comstock ComTetinc ConsEur Croft Crown CrstiOil Dragon Eastlitan. Empire .15 .05 1.10 1.00 .12 .04 1.00 .92i .05', .06-'- 2 ,7212 .35 .75 .45 .0612 .18 .18 .30 8.50 .31 .25 .05 .0512 .1712 .17 .25 8.00 .32 .20 .03 EurBull EurStand Golconda GoioChain tir West Justheim Love Oil Bid Ask .02,'3 .23 3.00 .12 .23 .5712 .90 .55 1.50 .03,5 .27 3.3712 LaPac Mmoth MdwstEgy 50 MveMatic .15 NewPark 2.25 NQuincy .10 NoLily ParkCity 1.00 .10 14 .26 .60 25 .80 2.00 .75 .25 2.75 .13 1.05 .12 I eletrans .: TinticMin .25 Triton UnPkCtv 1.60 UtahCons .05I,4 .18 LAI Inc 15.o2V2 litWyoCns 1.00 .08 WestGeo WoriCom .07 ' Sow 3.411k 3.4714 356 may 3.67 33 04 3.65 3.10 3.68 3.7312 3.62 3.60ii 3.66 3.60;v, 3.654 2.66 2.72 2.67 2.63V4 2.7414 2.74i 2.784 2.804 2.70 2.70 2.74 CORN ciac Mar May My SeP OATS Dec Mar May 2.76 2.6844 1.561,1 1.5415 ..'... 1.50 1.47 SOYBEANS Nov 4.84 1.5614 13,04 .',..-.1 47 Jan 4.87 ASA 4.91 May May 4.96 5.05 5,07 5.00 5.07 5.12 5.4544 5 13c.! 5 IS 5.17 Jty Aug Sao No 5,10 5.125i ..;:,.'' I Ask Bid ;Wind Alto( Arnatsgb Arnexor 0,4 .4 .78 70 37'4 Arns&I 544 Ardmay Arocal Beetvried Bensict66 Brwngca Chitir rr, Crstsn Mc 2,1 2,4 3 34. 1374 23 it OvpaAmer EastPete Equitoli F LE) Truck EstsecCo .25 S 29 a 3744 Bid FstsecOld FstOistFnc Ga 'emit Ask 7T2 )41 158 251 3 Hpoilthgrd Healthin 64 Hdroil 210 ItiealNil Interrntex 31 intmtrigs 4'4 Intmtlabs 341 iBbigboy 61 Kenlrut MedDevco 1444, McruCp 14 Mothmatn Natwlif .35 leas Nwgas 6 NviotPhrrn 30 PacEngPd .33 114 314 .40 PA 258 2,6 1234 1214 2 2,, 134 9,6 214 10 AU 5,4 1.31 1.44 314 414 258 Pro 4,,1 2'4 Zte P. Sid Peru lb Pl strnCr Pro Svs lac Psrch Ind Skingmns SkYlinte Sorry F in Telecom Telmatn Tionery ToledoMns Transco (JtBncp Va Work Val tek W Pease Wkrbk M1 1.t Zialcro IOW Ask 109s V 112 3,k I V2 pi Va ,,"'" S12 7v 246 214 234 1.2 7 .30 Sk, IA Bi 2,k 24 PA .40 15,3 18,1 212 2,s 28 33 10 19 , tit , kb I "olF ''''';'..''..''''' . t., . ...,,c..);: ':'''''''''''''''"'" Aiivon: KEE .4 .i. , ..:' i ; : 1.565 411 4.174 4.86 4.93 4.70i &DI - p t 599 5.13 otrioxists , 00:0400.1t1te haligikt;N....,5,:m, ,.,,,:,.,....mi,i,..i,...,.. 1:irtti,ti :: ,.; ;,: : '', L. :: ;i ::: :: ' ,F? IDiS '. '',, , ,i: : b, .... ,,,.. al k t ,,,,,: I ).. tik,:,.... ; a r i ,() 4 '11,,19.''1,40 : ,. : P . A 0 FEL L I 0W A- ,,, k''I , - ,i; 113, 0) ..., :"," ., - Alt It i . h, iiii v 3 i i Calbl -- V) , - V. , ,,, ,,,iiti,r.:"' I I i writs fr lerar.1ms,st,,, 4 ' ''''' , 1 Ef ,,,.,L4-3IM:- di. 47.iii; ' I Li ', .. . ,...,..., iiili 4 ? ,., 7 , : ' V k.,,,,,,,,,,,i, '' ; .i.r:...: .ii4: '1" tt ')44'':..,i$ ti g:: ... ,, ,, ..,,,.., .i. ..,,r:'!;'7,..' 7'77.:,7.7: :.::,,,,'.KR,M.;..:'..?,:.::,.il,. I '..'. V. kil,,,PT::'17ri, Li 7: :: :,'..: ..7...: :.::: ......,. v i,1 ::',.:;.:...... ',... ' - 1 ,I,V,--- ::,'L,; -- pi :.: ...2 IN. 1, .;:!!...,!':: , ,',,, ': !.." ..... ,: "'i' .. ,,' '.. , .' ,, '' k :t .; .4 "::. ,,,,,i , ,, ,, ,: " s -, V.'''' 2 , , ,t '- (1 ., - 1 1 - , 'WI , ',. ,, RUILDIna." a ., i.19 , i ,A U AT E it I A I. S ,,, , 1 Isynt t,',. ,, I -: 11-'I . , ' ,,., I ''' t , , " .'', ' ,! -- , ' .,oz -' ,,- , ,,,: , , It , a , , , , I : - .i'.4. , iI 1 tl,) W tj SOMETHING; WE'VE GOT THE ' 7,", !......,,,:, 1,1-;,- - . ,. - ,: 1 , r, , 11271(111M1, ' . ! :.'?,,.,144.4.t, ,,, ',..: 11 : "" ,t, rt- i' ., C Lfr n , '''' ':' 1; I 1j; funnamaallmitniul tu ' - ".............,:. ,..' Vie !:1': ..,1-:,,,- 4 ls ' - , :. r-,,Ir- il FIRST GO TO ALLWOODS , - ., , , l' 1 E , , - 4,444 r, r ,,,,,,.,::!?:,,,;:,,;,J..,,:,:t,,i.,).4ra,10.:A244t ' - - - ::,--- ; :.::.tl..iiiit:::...11, ' . -- I .- Li' I.:. Fil ''' .. :",',..'''''. r, 7 ,,,q Tivt..1.'tifiraCt4 ki.,,.,:,..:".,"' iii it i1 . ,C1,,i , A lilt ...It!' .114 , - ,;i:.',..:Z: 1 A:41,:..igit!i:i.lili,:::':.4. ce. Irtit'v'tte,'- - ,,f, , 111l,,,.,,,Ilt 11(N II '- ::4.L'4 LAST, . vottAstait Ail, 0, I. ' ;,. ii.,..ft.'' 1:: 3, .r.il..iiii::: ',.,:',i.:,,'.:..1:..:,,ill 1,,:: ,!?' ?A I:: i if " .q. .1. .,,,,,-,- ,. - SI::::,II,,10".V.,.-4- ) 'reek. y: itli V.l.,t .' ..,.,,a..,,&WS'''''; 4..,,,,,, ''..,,,......,..;. .,,,,,,,:,,...,,,,..;:,,,,.;,,4- 11.Y... 4.., kle...,1 t ' t,. QUANTITIES (! - ' SALE GOOD VIRILE - e .1 t,J1110", Yi ...,c;t4 i 4iflt.: - .!i -I- ' ., i'"ar r,..x.1 1 .r '',. i alltOlt) 11 (t()A ,,,:, ,L'i, ; 1 Awl 6 .0..1:: ' '!,,,' ;; I) , '7114:i;ticrot 7;, II( .'it.6,,K- ) 14 - latjiot: , - ( - III,, ti,,,... .. ;.$ 0,,., 'ff.if, it ' 'Irtir',::f:')',' , ii''',;,:' ,elii ,7,11 ' 4gI.1 '(' , . , . ,'; T4n '''. ,o ,,"' 7 I 54116,t,..d.g. .... of., ' c OA . I ,4..., .73 , ;, - 41'S irm-1,,-I- - l ,,- V,,,,, '',., ' f, I' , ';' i "'1.....,:'.' A.,',,:s;:liit,,',:.,'',41.;.t...'k,.'0 i ail Quotations for KANSAS C11 Y (AP ) Friday: Cattle 100, Not enough any class on otter to establish a trice test. Earlier in the week: Salaughter steers mostly choke and few grime 9501320 lb. lb. Slaughter heifers choice and including lb. 40044.00 some win flogs 1,300. Barrows and gilts under 250 lb. 25 to mostly SO higher, 250 lb and 2152e) heavier steady to IS higher; 50; ; lb. 51.00-5lb. lb. 240.250 lb. 4 lb, 4350-43couple lots 295 lb. 45.50. Sows scarce. Sheeg: Earlier in the week: Saiguther lambs choice and prime 95 lb. shorn wilt No. gets 45.50. Choice and grime ib. lb. wooled 44.00, choice 42.50.43.50. Ewes cull. utility and good 1.009.50. Feeder lambs choice 604)0 lb. ..,,;,: ,. ' Friday'S (WON:bons n 10.0 itot''' , .,. , : 4 , : ,l'? - AZ( ' ( . .t littl till in---- 1 14 1- 0 kG IRISIA I 5.11 Eslimates for Morday: cattle 1,800; sheep 200. ': VANN Q10) .,, V ( '' Livestock market hogs 3,000; ":,. . ' ON 5.03 5.05 .'-- . ... 0 ,. bp,.. ( 4.8414 4.9344 5338 ,','.- 4:,,, 04:,,,, 1.5330 1.50 1.47 5 , If or 2,76'4 1.55 1.52 .....,.. 1.4944 1,47 A, ,,:i.,.,1:11,:, , s.x::.''.-,??- TAGS ARE ON SALE. , ,,,, ,,,..,,,.. ,., 2.7144 2.70 i F.',111q.;4114.44: L iiim,,mp.,,: I SPECIAL ,i- '' ,' ,'' 264t 2.684 i ,',RW.:ti',:g'i...:if."..'" FIXTURES MARKED WITH ; 3.6712 2.7741 LOSEEIOT 1:;:s..::.N:;:.:.'g:,:sq.'2'...,8.:g 1 I 1 , 1 4-- 3.62 2154 tri, EtLIZT itAti--, ,, .., Securities 2 4. 1(i ,' ?As , , Pridoy s quotations interdealer prices as of Quotations from the NASD are rePrerantative approximately I p.m. Interdealer markets ch.toGe thrtrJuttot,t the day, Prices do not include markup, markdown or commission. 1 8100 ,, ,, Close 3.65 ity Over the counter High 3.53 Jiy AO 1.75 .07 16.00 1.05 .14 .15 - Grain range: tall"; ittZP. against ONLY LIGHT i WHEAT Dec 3.4e mar 3,o2 seo .05 .20 .02,2 11.1P11 Open .06 Park Pram .03 .03 Petro Silver .02 I42 11 .13 Prince 10.50 10.00 Saoe .6712 .70 SoStand StMetai 'Liii,,a 3. i 2 va SALES Bristol, 1,000 at .13 Covinds, 5,000 at .04 and 5,000 at .04' Croft, 1,000 at .17 I CHICAGO Ask Bid it .,...1., HARDWARE-1)- LIII,MBER .. Grain futures Bid ' , ...1.......L.. ' .,, 1... '',,,.., ...,t4 0 it kA. '.....41gnn II' 111,1 t , ::':,...........................................................................................................................................................,:.,:;:,:.,.:,.,...:,:g,mov::,.:;,::.:?,:wz.,:... ,,,,!- Only two percent of the firms surveyed by the Commerce Department's Bureau of Economic Analysis, reported that pollution control expenditures resulted in reduced investments in expansion or modernization. Many companies reported the positive finding that pollution control spending has a key helped increase productivity force in fighting inflation and fostering prosperity. Says Carl A. Gerstacker, chairman of the board of Dow Chemical Co.: "Solving pollution problems is good business as well as good citizenship. It can be profitable." Gerstacker points to an investment of $2.7 million at one Dow silicon metal factory to recover chemicals previously lost to the atmosphere. The return amounted to a savings of $900,000 per year. Does that mean that cleaning up our air and water and taking precautions against nuclear power plant radiation will not cost us anything? Of course, it doesn't mean that! What it does mean is that environmental expenses may be no more inherently inflationary than the cost of law enforcement or education. Intermountain Stock Exchange d v..trvip41:1::,tit!! . f, a bunco operators. 1 wifoi 1 .,...,.:. 4...:ix:,,,,,,,,,, . 4Sk ,,, completed its first Installation for a Utah firm, Rocky Mountain Contractors. The Denver company specializes in designing systems for the construction business, according to Jack Buckwalter, president. $43785294605 1 , L. .......4maas", - , ... poittri i,Ito i 1)11' " ,,, An.l'il:,:i.:'N , , ,.: ti 1.x11 4 "Anti-Frau- 16-2- 2 Week." The association is planning an education program during the week to help citizens protect L. James City, Ellsworth, president, ' gbi li WA.4 4's'exttfirein t : r. Wit2u;At-- i 9 Fl e ' d $130,445,572.00 S121,36436810 smi A41,247.00 S580,499,638.00 S95,495,948.89 S88,387,93065 W9,367,027.01 ,IMItirig - ,,t, )..41,,,,:.4...1, ....,,..,,,,.,,....,,rLinik".,,, ' 'HOME 1MPROV EMENPCENTER.11. ' Computer System Dynamics, Denver-basemarketer of computer hardware and software, has Fridays quotations I 1 ;Jilt( lilt Utah 'first' for computer firm Bank clearings 4 I At the behest of the Utah Bankers Association, Gov. Calvin L. Rampton has proclaimed Firm wins award Summarizing his opposition to the proposed loan guarantee program, liechler describes it as "a big platinum-plate- d caboose" tacked on the end of the federal energy research "train." "It is very heavy. It is very It is like a private car. It is very difficult for the rest of the taxpayers of this nation to pull it along." I The "examiner" persuades the elderly person to withdraw savings from the bank and turn it over to the "examiner." to 2 p.m. and from 5 to 8 p.m. all three days. announced Paul H. Hall- "These things must move forward together or else the impact and the legislation necessary to reduce that impact will certainly fall between the cracks. It's always at the bottom of the scale." - lit I 1.11I I ,, t, i I I I ) g 1 L, i t ' . 0)1 lit ,,, ' A e.:..:,:i.,iiikiiiii:iVi,..:".,, 4r..7. .,.....,,, LT ,,,,m,:f,-:?:' '.'' '' ' - ntMMMMEEMZtE e consideration is not the overriding factor in most plant shutdown. Usually, a number of other, less publicized factors are also involved. (2) Environmental regulations do require firms to invest in expensive but not pollution control equipment to a point contributing significantly either to inflation or to recession. J University, Young 293-se- "When we talk about loan guarantees are talking about subsidizing commercial ventures with the taxpayers' money," warns Rep. Timothy E. Wirth "The entire emphasis of this program has been that industry has risks," adds Rep. Ken Ilechler one of the leading critics of the program. "These risks must be minimized by loan guarantees People have risks, communities have risks, must be taxpayers have risks. These considered at the same time as the other legislation." .4.1111aellitN P clapktytgitaaret .. I er and grand opening festivities will continue through Friday. Waggles the Clown will appear at the eating place from II a.m. 4- ',(''r Z''',:. Pollution controls costbut also pay I new Wag's rewill open Wednesday in the ZCMI Cent- we pro , 17 I. the restaurant will offer a complete breakfast, lunch and dinner menu. Hallman is a Brigham The staurant Opinions differ on development :SI,. I Waa's opening set separate legislation, said today. 1 I 1 's . D L 4 , high-qualit- y one-thir- Oil , talk 'L.ill he argued, pointing out that the hearings had "uncovered a lot of snakes under the rug. Every time we shine the flashlignt in the corner, there are a lot of bugs running around. We want to find out what these things are," If conferees ignored his advice and approved the loan guarantees as part of the final version of the bill, Hechler said, he would try to persuade the whole House to reject the provision when the conference report came up for its approval, The synthetic fuels proposal "was dropped in our lap like a fumble in a football game," said one of the subcommittee chairmen, Rep. Mike McCormack "The ball is bounding around. The question is to pounce on it or not." Their doubts resolved by the hearings. most of the House conferees appeared ready to accept the loan guarantee program as they went to conference in November. But not so Rep. Ken Lechler chairman of the other subcommittee and leader of the opposition to the proposal. It should at least be considered as one-thir- d Critics see these proposals as no more than unnecessary subsidies for big business. They also question the social impact of building these plants. "Synfuels," as they are often called, are simply liquid or gaseous fuels produced by treating or processing other natural resources. Among the more common synfuels are: , synthe ic fuels A , ,,.... ,,,,,,, ! ... trade ,4 , , |
