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Show DESERET NEWS, WEDNESDAY, JULY Freeing prices viewed as way to recover MASHIN'GTON (APi Con-ures- The OTA studv if correct means it w ill be harder than e er to achiev uoals of reduc mg imports of foreign oil elS The OTA study said the removal of T S pru e controls fi om oil produced b so called 'enhanced oil recovery O'.OIO techniques mav be the most Hold on, would otherwise be left behind by the usuj! product! in methods, but it goner ally costs more Studies by the National Petroleum Council, the Federal Energy Administ ration and he Gulf I mversities Re- effective wav of stimulating extra production the OTA reported Currently, the United States is consuming about 17 million barrels a day , of which some nine nullum barrels a day are now being imported " The Carter administration has aimed to reduce oil imports to some six or sev en million barrels a day by 1985 Advanced techniques can squeeze more oil out of existing f'elds, but prob.iblv not as muth as some have estimated s otfu e of Tec hnologj Assessment said Mondav search Consortium, have estim. ted that at approximately cui rent wot Id oil prices or higher, anywhere from about sue) dot) to 2 3 million additional barrels of oil per day could be produced by EOR techniques The OTA study estimated that, allowing the current woild oil pine of Enhanced recovery techniques, in eluding the use of steam or chemicals, can increase the production of oil that 13 7t enhanced lecovery per barrel could add some 500 000 to one million bairels a dav bv ll,s5 and TOO 000 to 7 nullum bands daily bv Ht'Hi If a pi ice of about $22 per band weie allowed the OTA said enhanced rex o ei v midit y idd some 900 000 to and 1 8 million bands per dav by million to 2 8 million bv 1.00 15 As happens so often they overdid it They pushed up the prnes of a favorite 50 to loo giowth stocks far beyond what arc now felt to have been realistic prices Just as these stocks reached their peaks, business began to get tougher, and growth stocks proved they were lust as unglamorous as anv other stocks When the economy slowed, they slowed with it Investors phase began current income, or high dividend return They played safe, they took their money rather than waiting for future capital gams, which were becemnng less and less certain Itilities, which paid relatively high dividends, became attractive to the new , conserv ative investor And growth stocks, which paid very low dividends, were dumped Now , just as they were ov ervalued in 1973 growth stocks are felt by some investors to be badly undervalued, a consequence of the market's tendency A new sought The OTA figuied a 22 puce tor a bairel of oil would Ik- - enough to encourage production fiont other high cost soul c os such as ml shale and tar sands th Bristol Cnylnds 06 ChiefCon 3 62l 2 82 Clivton OS CombMet 57 Comet 50 Comstock ComTellnc 07 85 ConsEur 19 Croft 45 Crown 18 Ol) CrstiOil 4? Dragon 20 EastOtah ConsEur 000 one of many additions to Shakespeare dinner menu in is er new location. Restaurant also features salad bar and cafeteria for breakfast and lunch. People on the move Over the counter M. John Ashton, partner m the law firm of Ray , Quinnty & Nebektr, has been elected president of the Business Industry - Community Wednesday s Quotations Education Ti 50 Partnership 50 25 19 PetroSitver 1,000 at Bank clearings 10 Today's clearings Same day last year Quotations 36 00 400 lb lb 27 0029 00 1 100-- Trailer Sales has announced plans to Itihty construct a r chouse' $900 000 and set v u e a houdquurtcrs at 1070 W 21st South The building, which is to be comsc hcdulcd pleted by November, will contain 22 working bays lor true k trailer scrv ice, a drive through steam cleaning faiilitv and a Hi square foot parts center and warehouse, said company president CLOSET Open th8 Law Wheat MM to, ear bu Can Jly Sep Dec Mar May Jly 2 2.33 2147 2 53 2 57 2 60 2.544 2 58 2 62 08t 209 212 218 bu, t 314s 2.36 2 2 29 2Jb 2 445 2 524. 2 57 2 60 2 46W 2 53 2 2 61 -. - S7':2 54 2 57 aer bu 2 13V. 2 14 2 2J 210)4 2 12 2 13 2I92172'64 2 2 26 2 28 231 233 2 35 2 36 1 U I 16. Sep 1 21 Dec 1 27 28 s War 1 31'S 131 May SMO bu, Soybeans 6 47 6 28 Jly 6 42 6 13 Aug 6 00 6 23 4 Sep 6 07 5.82 Hoy 590 6 11 Jan 6 17 Mar 6 01 605 624 May 6 27 6 17 Jty i 2 27 2 31 2 42- 207), 2 10,: 2 16 2 26 25 2 244 2304 238 : 229 : 234 2334 2J4 g 1 4v, 1 I I 12 16 25 UBs 1.304 1JIW 127 i 6per YOU GET A BETTER DEAL FROM and Box 9 r, 590 6 01 60S 581: 6 13 19 6 23 5 605 6 6 12 5 93 5 7 4 Big Sky, Mont. 59714 (404) A GRADE TO BUY NOTHING ELSE GUARANTEED SPECIAL CLOSET 1 Tank & Bowl with Special Seal eor $39.95 OTHER STYLES IN OUR LARGE STOCK 8 KETCHUMS 400 S 800 W , Salt lake 2470 Wail Ave , Ogden 8 SAVE ENERGY with THERMAL INSULATED WINDOWS Weather Master Conversion Units convert your windows to insulated glas least expensive way. Installs in existing frames easily. Saves up to 45 on heating and cooling bills. diminishes noise and drafts. Eliminates condensation No removal or storage and wont fog up Permanent or get dirty between glass. will Guarantee 5-Y- ear FREE ESTIMATES 973-688- TfiTj office AM 8 2676 SOUTH 2700 WEST, Salt Lake City tot i offices operates ii 1T0W IH UTAH RENT THE FIRST DEGRADABLE PLASTIC BAG B WEEK, YEAR, or LONGER DAY, d Fast, efficient service Costs No More Super Strong 8 Bf ISO OFF k i Introductory Coupon International judges rate The Roof as the finest restaurant in Utah! sh and 1 he. Blue I ox I taut isc o Sunt I'fiJ thewuild xx ti iMin liv magazine ol mg IhLtin, h d ompile a (uide to I mi Dining m .North rc lc (1 c to find out for v nurse If w In rhcRemf m itc d c mc i ic a Its Inglii vv.ucl meliv iiliial ox sc Ui el (Ik cle i ratoi who v ic i ' honor-ti- t ill (jiialitv-mmil- n nit d c ltmns c on tubules to thi eommunitv a lanelmaik known lot eje k nel ible e xce lie tie line ejimoe al hone st Limit ss I his vt ai I he. II h e , h uik h Rexifamom. its new disc oc i ie s tanking it with the line si re stau ants m the I mu d Stale s ( anatla anti lie 21 Me xito UK hi' ling w N oi mu (Inb 1 ( ! 1 restaurant 1'tah to rccc ixe the waitl el m tin his 1! the onlv st tali gorv an i oi di.illv 'l ou ts m San is 1 lejli-da- life RLSTAUR VVI' in v 1 nib UcMtr I lend I tali lating r f t ms ) ) -- K H n Lay ton Ogden Prov 0 and Boise HI B t HOURS: -- 5 P M 8 Monday thru Friday WEATHER MASTER OF UTAH bud Approval has been given the application of Beehive Thrift and Loan Corp to opeiate an industrial loan office in Salt Lake City Ltah Commissioner of fl fl stakes, vans, drive units s, Thermal Insulated Windows and Tempered Sliding Doors Double glass & air space insulates your home to reduce heating and cooling costs U S Patent No. 3,889,434. Exclusive Feature1 Insulated unit fits where old glass was v gage said that the location was picked to service many realtors lo cated nearby Ronald D Holmes is office manager and nine others are employed there Western Mortgage also Beehive Thrift granted license 6 00 COMPltTt 995-484- Goddard, pres Nothing tops The Roof for dining excellence! 89v: 596 : AT 428-754- B of Western Mort 128: TRIPLE CREEK REALTY 843 ulus and refrigerated John ident 7212202 617 at Big Colo. 80221 (303) Salt Lake bu RADCUFFE AUCTION CO. taWrol-Danva- - Ml RR AY Western gage Loan C'oi p has opened a new office at 51 5 K 45th South . 6 47 6 42 6 18 5 99 16 S.L. office M01 I tdh 84101 fl 1 14 28 6 13 6 00 S 82 6 331 opens 20 12S-- Sky, Montana SUNDAY, JULY 24th, 1:00 P.M. Call or Write For Brochure" BEAUTIFUL UNITS 632S Manufacturing City B B B B hMU I II Hill & Deer Lodge Condominiums Does yocr office space reflect your professionalism 7 which pi oduies Utility true k trailers flat bed de-sii- S 2 244Ui 13 a Co wav Suite Mortgage firm Hertz , Oats S4M bu, per bu 112 U3 I 12 Jly AUCTION LOCATIONS .Inn F.ike I tilitv Trailer Sales is the Salt Lake City ser vie e fianclnse for Itility ans Fake said the project e sy mbolizes his firm s to be part of the Salt Lake aicas growth Altei the building is finished the company will expand its pavroll oiti la to 70 he said Architect for the de velopment is Holland and Pask.n Fckman and Mid, lev is the genet al 2 29W 2 33 Jiy Sep Dec Mar May Jly Pm. Clot Public We said Persons w anting to ex pi ess views on the two applications mav submit them in wilting to the Dopdi tment of Fmam tal Institutions 10W Broad COMBINATION print? office suites for lease STRATEGIC 24 tint the state ott.clal D diesels, 161 147 90 PRICED t H and dry freight 773 319 00 28 vealers steady to strong cbo.ce and prime 00 choice 5 lb 48 0055 00 few 56 90 150 lb 35 0048 00 good 25 00 35 00 150300 lb slaitftiter good calves 30 0045 00 200 and 3 barrows gilts Hogs steady to strong U S 3 200250 lbs 00 6 46 0046 50 2 3 250260 lb 45 260280 lb 44 5045 50 24 280300 lb. 1 3 43 0044 50, sows 501 00 higher 0 lb 38 0039 00 boars 29 00 30 OO 200300 lb 32 0037 00 Sheep 400 slaughter lambs steady to weak slaughter ewes and feeder choice and prime iambs steady 100120 lb spring slaughter lambs 50 0052 00 90100 1b 48 0050 00 cull to choice slaughter ewes 5 0012 00 lb spring 0 choice and fancy feeder lambs 46 8 00 5060 lb 47 0 050 00 feeder bucks 50 80 lbs 38 0042 00 486-840- Trailer firm to expand 123 SI 20 k F 01 Q Pick-up- SALES Croft 8 000 at 18 3,000 at 85 an Hawkes and Alatlbews 01 n e d Richard J Hanson t lesunei Rov and Alai k 1) Bowen in an application to estahlisn a unit state b oik to be known as Fust Socuiitv State Bank of Richfield in that c it x s (initial ills D 50 CAPITOL INDUSTRIES m A A n Douglas Bolton, left, of Shakespeare Dinner House at 1 1 5 S. Main St., carves prime rib for Chef Ossie L. Walker and partner Gary B. Riddle. Entree 11 Financial Institutions W Bnmhall issued the approval which will poi nut the firm to estab iisb an office on South Temple between Main Street and Ninth East, 01 between South Temple ard Fourth South on Mam or State streets Oigamzets of the cor as pc u at ion aie listed Giant C Affleck Carvel R Shaffei Robert M Budge and William L Pulsipher Smoot VV Bnmhall said that an application has been re cened from Thomas F Hawkes, Calvin W Jepp-soMorgan J Evans, Kelly F Matthews and Robert Lnderwood for permission to establish a branch bank in the Ameman Fork business distuct, to be known as First Seoul lty State Bank The prime of life (BICEP), an organization involved in ontroducing high school students to the work world Slaughter steers 1,07$ lb 42 00 heifers 925 lb 40 00 slaugh ter cattle soldf 00 feedoM per cent shrink current dellYery 0 lb feeder cattle Choice 0 tb steers 39 50 4100 choke 00 heifers Sheer Trade slow few new sales firm load choice and prime 113 lb feeder lambs 55 00 choice slaughter lambs 53 75 choice and fancy feeder lambs 48 50 SOUTH ST PAUL Minn (USDA Cattle and calves 200 AP) sluuuhter steers 50 lower heifers seadv to 50 lower cows active firm bulls steady to firm choice 2 4 1,050 250 lb slaughter steers 36 50 shipment around U)75 lb 900-- 1 35 75 050 lb 38 00 39 00 good and choice 2 3 950 300 lb 37 8 50 36 00 choice 2 3 1 200-good 50 500 lb Holstems 35 good 100-1 600 lb 34 50 36 00 choice and choice 2 4 900 100 lb slaughter 0 2 3 lb 50 heifers 37 100 Vi (Vt 17 50 good and choice 800 32 50 utlh lb 35 50 37 00 good ty and commercial 2 4 slaughter 00 few 28 50 cutter 3 cows 26 OO 72 yield grade 2 400 2 100 00 few lb slaughter bulls 31 (Mill of Amei Security State-Bantec civ od pcnnis-sio- n to build a branch bank in the vicimtv of 20th East and 9tth South in Sandy , he added -- slauger ( OS talk First Various bank and broker letters are already cautioning against this eventuality Citibank, for example, comments that the economy has been so impressive over the first two quarters that a slowdown for the remainder of the year shouldnt be cause for alarm trade banks in Sandv Cuinugo ates Get aid Cainago Lew is H Gam null and Lex E Gammill have lex civ ed pci nils sion to establish a unit state bank to be known as Sandy State Bank at 9000 S State St , Bt imhdil said 20 1 I S nat ill al gas production is now ibout is 9 ti ilium cubit feet a veai and lias be en dot it asing steadilv ot the oil enhanced substantial .1 establish to -- Nevada Eastern Idaho, Utah Feediot and Range Sales for Tuesday Trade at area feedtots at a virtual standstill Net enough of any class confirmed for a price test Light inquiry reported Setter inter est high Slightly lower emotes ate dressed bef prices at midwest points on Tuesday causing buyers to back away until settlement of the west coast dressed trade on Wed-- 1. bv has appiovod two appli Ronald 75 Wednesday 1 pioduted involve 111 ot the Fmaiui.il Institutions Gordon H Livestock market Tiailer it tilt have btxn lcccivixl ac cm ding to W S Biimh.ill commissumc'i ot finan ual mstituitions Wednesday s quotations w 41 pc Two mine applu a' ions scx'kmg pci mission to es tablish banks in Ameui can Folk and Richlicld 0 90 at A it would lixovuv cations 06 18 could it lining hi OTA companion studv bv the OTA also it pm ted as mu. h as one trillion cubic teet ot natural gas per year might be piodiutd fioni Dev onion shale deposits the Appalac Ilian region but it would take some 20 vears of development and sonit o' 000 widdv sc atteied wells to do price re gulation add some il britvin,, pioductloil it cut lisks tor produceres hnuiuiul said The State Dopdi tment 65 a umt oil v 1 of tcxieial oil could run Ttit of As k U 08 a 4 00 87 2 Bid 12 ov State gives permission to build 2 Sandy banks The test of the new phase, if indeed it is one, will probably come over the next few weeks, when economic indicators will be turning mixed and scaring a good many ol the more timid investors quotations Wednesday 1 out a total ol some 57 pt ptodut lblo EOR oil it said the economic conditions reflects Once again investors are wondering if they might not be shortchanging themsc lv es by seeking current income rather than future growth Not only might growth companies come back into favor as vehicles for capital gains, but there's the prospect they also might pay better dividends John Wright, chairman of Wnght Investors' Service, which advises individual and institutional accounts worth several hundred million dollars, reasons it this way We believe that this shift reflects not only a broad, if somewhat belated, recognition of the excessively depressed price level of growth issues, but also a realization that postrecovery, future divident growth . . will be much faster and, m the end, moie rewarding than the current high income of less profitable cyclical and utility stocks That's a large sentence to digest, but in effect it means that growth is once more beeominng attractive, at least to some knowledgeable investors Intermountain Stock Exchange s available pc would at cm lent mm Lot c s c peu cut iron to exaggerate it supposedly NEW YORK A new phase mav be beginning in the stock market, say those who study long term trends Nothing unexpected Just a shift of awareness by investors who try to stay ahead of the game The new phase, they sav is growth If that sounds familiar, it is In 1971 growth stocks were in, as investors piled on a relatively small number of companies with high profitability and low divide nd yields 1 1 might be right word John Cunniff AP business analyst nh uh d Removal OR hum 'growth' Rv H pi 1 1 c become 1 estimated about Ol The ill 5 oil hard-to-g- et ot 20, 1977 B ) |
