Salt Lake Tribune | 1969-08-10 | Page 51

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Business Portrait: Howard L Edwards Oil Industry Faces US Stir Dreams Milk—Blend Success Illerger Ban Justice liked out of doors but I just hated milking cows" r 1: 1 '1:i: ''' NZ The uncompromising regimen of chores was the compelling reason Howard L Edwards ached to get off 1 i?: :: 04''''''' the farm ' ' -:In later years when a student at T-Ns::: Brighant Young University he sized up his dreams and reckoned that the practice of law came as close as any to fulfilling his idea of profession and service Sometime next month the former farm boy will move into offices at 25 Broadway in Now York City there to be the assistant tu C Jay Parkinson board chairman of The Anaconda Co one of the world's leading producers of copper Born in Oregon Town - I Department continues He was born in 1931 and raised in the small farm community of Enterprise Ore the son of Elmer L and Bernice Stringhani Edwards Enterprise in eastern Oregon had been passed over by the pioneers on their way to tit coastal piedmonts around Portland A substantial Mormon group from Sanpete County Utah homesteaded the area about the turn of the century Among them were How- down through s s Hign School had a total of 175 students — freshmen sophomores juniors and seniors There was plenty of activity from debate to football to playing the trumpet for local dances the chemicals Provides Services 3 s t L I I I He hasn't played the trumpet for years but he still weighs in at 170 — exactly what he did as an Enterprise "Savage" lineman At Brighant University Young (Class of 1955) he studied banking and finance and also made a point to introduce himself to coed Carolyn Bagley of Koosharem Sevier County The introduction ended up in marriage in 1954 He went on to study law at Stanford University then switched to George Washington University in Washington DC to earn his juris doctor While studying for his degree he also joined the Bureau of Lan' Management under a management training program ended up as legal assistant on mining matters to director Edward Woozley Biggest Merger conmpeletbediggl i merger to be i 1969 involved the merging of Sinclair Oil Corp into Atlantic Richfield to form a company with assets of about $35 billion 3 ! ':- t :' I 0 0 ' - Favors El :::::::-:4 '': 'r '::'' k:'''''ii!::"':::5:::::iq:::::' well-bein- 4r::':::':r:s 10 rpt:::::e:: :y::4::::4:i::t: i 7:tr ::'::::' i ?:: :? :::c: was ting or 1 Oil Log JOHNSON There URIAL VAULT tri (The Tribune prints reports of wildcat wells or wells Of special interest only according to the designation of the a :w! Developers Garfield County Houton Tex Austral Austral located 1150 ft from east rederal line south from ft 1400 line location Austral Oil Co Houston Austral Fed871 ft from west line 1413 ft eral locafrom north line tion Romex Corp Denver Bullfrog No 1 1574 ft from north line 1626 ft from below west line 011 ' ki Construction is under way on a $1 million apartment complex at 115475 N Canyon Road (about 120 East) Energy secret Co of the it project are Boyd J Brown and Jerry Mooney who said the first phase would be completed by September and the entire complex finished by Christmas "This will put us over the Federal Co Escalante Oil ft from south line 990 ft from field wildcat o Proposed depth 4000 ft formation WHY JOHNSON? Over 35 years of experience guarantees a completely reliable Heavy Steel reinproduct tonguein-groforced ove plastic asphalt seal unites cover securely with vault The ultimate in protection and durability Call or Write for FREE INFORMATION 09ohnOon erol CEMENT VAULT CO 1726 Jefferson-485-34- Delivery Any Moro — Kane County Tibbet Tenneco Oil Co Denver Colo Canyon Federal No 1 1200 ft from 680 ft north line from east line 8121 ft and 8141 ft and to 8196 ft ECE07 SALVAGE There is volue in your building — Coll us IN-fo- re 42 the wreckers to Any Contotory Mr MooMooney described it as a marney By next year the partnerriage of Meditennanean and ship hopes to have 500 units in contemporary architecture their name Apartments will be one- - and They have developed the units In three-stor- y Victoria successful highly structures Rents will Bouse chain which features range from $115 to $175 the sloping Mansard roof and Mr Brown who originated old brick in its architecture Victoria House is a homebuildThe Canyon Road development on the west side of the er who several years ago street will a1S6 include a new decided to concentrate exclufeature Elizabeth House Mr sively on apartments 277-2E- 48 ummmonw — 23500 Hogs: Estimated salable this week 80 compared to 155 last wreN and 120 last Barrows and gilts steady to year strong on small tci ) lb 25704610 couple US 3 9 Sows scarce lb lots slims ad salable this week Sheep o 625 last week and 55 4)5 compared lest year Slav hter lambs steady to 25 Announcing a new mutual fund ' 7 tWrtat''' e- ENV I iii 44 - INVESTMENT r -- 1 01)110g1 J S Lind I II I 328-989- August in PLEASE PAINT Address -11:3 r31City ---- -rs11:31 LI ra IrA x2 tzt rzt r State r 1546-1- Zip i sun I I Phone: [phone] Investment Securities Schooi Mr AK Woe liptr Ramada 11111 1000 South Main Salt Lake City Utah Because it is expensive anti parts 04 NY would use the new system which Mr Hunt predicts would mean immediate improvements in efficiency It would not however result in noticeable economies for sev- sary eral years Hints of Importance "We wouldn't really save until it otherwise would be time to hire more empllyes With the computer we wouldn't need them" he explained "But the real beauty will be in the fiscal control ir gives us" For example the commission continued computerization of assessment rolls would provide listings for use in reassessment City Too? Although he has not discussed the proposed program with Salt Lake City which also is considering a computer operation Mr Hunt said he has "noised it around" that th z equipment would be available to other governmental Why? There are only hints of its nature There is talk of plutonium parts "decontamination" (which means that something could be contaminated) and guarded reports that failure to meet the construction deadline could affect money America's warhead testing Rocky Flats operations and construction are so secret that there is much shielding" Which means that even some business agents are not permitted to see the full sweep of or intended proproduction duction There is considerable name checking Well you get the idea As explained to me the baffuncSo the prime civilian cona fle has tion They are being attached tractor rushed to the National Joint Board for Settlement of abbuoiludtinag tu(inwcoalnsls truinctithoen nfeowr Jurisdictional Disputes in the finished and Construction Building year) which when will produce strategic parts Industry here it Washington for devetailing into some kind This the Labor Management of new bomb Other parts are Council Everybody got into made in plantS scattered the act across the nation On June 19 Told by Everyone the prime contractor The national Joint Board on and Walbert Co astold the Rocky Flat strikers to signed the baffle work to the go back to work The Internacarpenters tional Union told the local to four Immediately three or to work The AEC told return refused workers metal sheet to go back The Pentathem the to continue fabricating told them baffle They were fired Then gon to What refused 40 others happened? some work They were laid off "In effect the strikers told Then about 120 other metal us to go to hell That's what handlers went out — which happened" said one Sheet meant a strike of 160 sheet Metal International Assn ofmetal workers by June 27 — ficial I met at the big labor farewell banquet for the forsnarling but not ending conAFL-CIsecretary-treasurmer struction SchnitWilliam Year of zler This had followed a year of Then the mediation service There had been got into it and that's where it coffee breaks over arguments stood when I last checked in rancor over quitting time and disputes over what some DeReports Gas Taxes fense Department officers referred to as the "pettiest CARSON CITY NEV kind of grievances for grown (UPI) — The State Tax Commen" mission reported it collected Now mind you this is a $18 million in gas tax during July an increase of about highly classified construction contract When (if) finished in $125000 over the same month last year 1970 it vdll enlarge the pro anti-missi- units Aos--‘ Was Trait Cabinet Opt ional Baldwin hoot to maintain even though "We feel Salt Lake County is the logical place for an electronic data processing operation because of the variety of services we render" the commissioner said If the program is adopted Mr Hunt said he would recommend it be directed by the whole commission to insure that no favoritism Is shown certain departments State Purchasers Slate Utah Meet More than 42 states will be 0 as the represented Aug 24th annual meeting of the National Assn of State Purchasing Officials convenes at the Rodeway Inn 'Utah State Purchasirg 26-3- J Douglas to be chief host for the y convention Gov Calvin L Rampton will speak to the delegates Aug 29 at a formal dinner which will be one of the meetMr Chrising's highlights Agent sen Times Service — The Treasury announced that the holders of about 133 percent of its notes maturing Aug 15 have elected to cash them in rather than exchange them for a new 7 percent treasury note like Now $795 $1800 $799 lirtellwit ti An n cnos r Lowrey lets Model Welmot3111 i Thomas 5 riL1:::t2:er P -- w 1" -- tt Via fitt 4111 I its 314-da- tiansen said I - ma: tio neodme FiC7Ir- Gulbransen Theatre Cost $520 Organ SALE $2 700 - "1:-:h-- r ' -Z ii JA Lowrey Theatre Organ with Rhythm e - 04 ' $700 SAVE 1 t''f Lowrey Theatre Organ Discontinued Model ) MAKE OFFER $345 SAVE :06 I Others as low as $295 V re 0' JUST SAY "CHARGE IT" Nil M 5 fi S RAUSE 2233 Open Daily to 6 pm Monday to 9 pm ono S 7i11 East 4 1' Block South of 21st South 7mIwvrtr- REEUME2 'i- I Used Niteecwondi li 1( Arc Id - (Copyright) - It Christian- Now $1980 Worlitzer (Copyright' NY Some Some - Beautiful Tone Organs at Outstanding Low Prices Hammond enables the Bond Holders Shun Swap ason DRASTIC CLEARANCE nications Satellite Consortium which fi(I N 'rELESAT) nanced the research space satellite communication its own rotation ceases Patent 3460148 was granted to Emeric L Podraczky manager of the COMSAT Systems in Integration Laboratory Washington A Rn Ird Re — basis time-sharin- g 001 orwvio The ComMunications Satellite Corp (COMSAT) received its first US patent this week COMSAT explained that the invention is actually the property of the International Telecommu- The invention antenna on a a said er O on A few changes by trained personnel would make it pos sible for other governmental units to use the equipment he Swiv-nt- Times Service WASHMIGTON I because technology is cthanging rapidly MR1t Hunt be- heves leasing computer equipment would be most economical than buying or renting time The study released in January 1968 placed operating costs between $88000 and $283000 over a four-yeperiod but predicted that "reductions in other areas" would reach $210000 a year by the fourth year All Departments All departments from the assessor's office to zoning US Patent WASHINGTON - eopOkuipk 7 pm daily For Informations 5 or Write: Gentlemen: I would like to receive a free Prospectus Name Aug 29-30-- Classes held from 9 am-111 1 Principals Representatives Ito Mutual Funds Phone Outstanding Securities Training which assists in meeting requirements for NASD Principal AND Registered Representative SECO and STATE exams) 'Registered that objective ISO So toth bast Ambassador Plaza SLC 84102 Saito IOC SOELCURITIES Classes for: The Dreyfus Leverage Fund is g speculative fund in which management hopes to make your money grow and uses sophisticated market techniques toward achieving hifers Comsat Given Ore Siupments - DERifil ' Sheep: Confirmed 1100— all Idaho Two loads choice few prime 106 lb slaughter lamb r 2750 200 choice and mostly fancy selected whiteface yearling ewes 3700 per head all Immediate delivery slaughter lambs 4 pct shrink Confirmed last week 1615 slaughter steers 800 slaughter heifers no cowl 500 feeder cattle and 6000 sheep Confirmed last year 1130 — 1775 — 300 7715 — 7785 Nevada feed lot — SMITHFIELD Top dairy cow and range sales week ended Friday: 1452 good to choice dairy cows and steers and heifers active 0 Slaughter heifers smaller common 100 steers to midweek through helsteady dairy cows 52254275 on choice heifers feretts 2175-243higher advance utility and commercial cows 20002260 steady to 50 higher nothing done after canner and cutter cows 15501920 bulls 2250-258- 0 Slaughter cattle Prices rose Heresharply following upturn In live and ford stock steer calves 2800-322-5 Herewholesale dressed beef prices but the ford stock heifer calves 25003025 Holstein as Midsteers 300 to lbs 500 upturn reversed at west dressed beef prices reacted down2300263012 Holstein steers 500 to 503 lbs 0 Some movement ward of slaughter choice fed steers steers to Colorado and the Midwest was 26002875 choice fed confirmed Feeder cattle sales slow 74502750 fed in steers 24002625 Holstein heifers 300 to 500 generally steady for Immediate delivery too much uncertainty 5 lbs exists at this Holstein heifers 500 to 000 lbs 24002850 time for any contracting Slaughter lambs 2625-271- 0 lambs 50 lower hogs none Newborn bull calves 2260 steers confirmed 3425 4500 Slaughter (Idaho 3300 Utah 125) Choce 10004175 2900-305lb yield grades 35 loads at latter price In full weight range with moderate number moving East mixed 0 !b good and mostly choice 2850-295lb Holsteins good heifers confirmed 2090 Slaughter 0 lb (Idaho 200 Utah 90) choice 2800-28lYield bulk grades load 925 lb to specialty outLoad mixed good and choice let 2900 lb steers and heifers 2850 ' Slaughter cows confirmed 100 — all 5 lb Idaho Choice some prime sieers 29703050 latter price delivered 50 freight and choice good mostly 0 lb steers 2650-290two loads BINGHAM - Kennacott Copper Corp 9000 cam ELY good 900 lb Holsteins 2500 delivered Utah Copper Divisinn — KCC haul short choice few prime 625 lb Nevida Mines Division NEV PARK heifers 2770 all Immediate delivery cars 2562 (85ton aveiage) CITY—United Park City Mines 38 cars fob weighing Point equivalent 4 pct shrink EUREKA—Filtrol Corp 12 cars ' ' lower on small test feeder lambs irregular steady some 2550 higher ewes 100450 higher Slaughter spring lambs 5 lb choice few prime slaughter ewes cull to good 650-96- 0 Feeder lambs small lots choice and lb fancy including se 4e In mostly choice slaughter flesh 2600-265package choice near 65 lb 2410 Small lots choice and fancy ewe lambs for purposes replacement Hoists T171 tion job because carpenters (union carpenters of course) were assigned the task of handling baffles There's far less baffling about baffles than there is about the local sheet metal workers A baffle is a sort of metal curtain reaching from the top of a partition into the concrete The baffles are fabricated right on the site by the union sheet metal workers and not exactly at starvation wages either Assigned Baffle Work Intermountain Livestock Market — Cattle OGDEN and calves Estimated saiabel at auction this week $05 including 50 calves compared to 550 last week and 610 last year Slaughter steers mostly 50c lower on small test slaughter heifers sLarce cows lower bulls slaughter weak to 50C lower feeder cattle about steady Slaughter sters and heifers Individulb al high good and low choice steers 2700-287- 0 other good 261101700 0 standard and good lb Ho2400-263lsteins Individual good lb heifers 2375-265-0 Slaughter cows utility end commercanner and cutters dal 1835-220-0 0 Other slaughter classes still 0 tY bulls and commercial lb vealers Few good and choice and slaughter calves 27503100 0 lb calves Feeder steers choice 0 lot 388 lb at latter price lb good calves 26503025 choice 2550-2760 standard good lb Holsteins and good Feeder heifers choice 85 good calves 0 lb calves 2800-2choice 500750 lb few standard and good good 2320-261- 0 choice pair feeding cows l? nsta Grand County Shell Shell Oil Co Bakersfield Calif 1602 ft from west Quintana Federal line south from ft line 1566 field wildcat Proposed depth and other information confidential I weaponry new defense In systems May an AEC Mr Riesel llation i was hit by a $50 million fire In June it was hit by a sheet metal workers local — which struck a $76 million construc- 450 4 Operations should start in 1970 financed by a full budget nearly $100000 to cover equip- ductive facilities of the weaponry section of AEC This is not a research installation This is not atomic energy production This is part of the defense posture of the US This is so vital that both the Defense Department and the AEC have agreed that under no circumstances could this construction be permitted to lag This Rocky Flat project is the only installation in America into which the Pentagon would throw the Army Corps of Engineers if neces for Skyline east line ' for secret matter he recalled of putconvictions where one's o4 Start 1970 ment leasing and personnel he added f ft lit Corn- - mission makes mark" said 400-un- it ' near Golden Colo t h e Atomic Work Progresses on Canyon Apartment Intermountain explained Royal K Hunt is the hiring of For the Defense Department these have been black days at Flath Rocky IN TIME OF NEED DEMAND A The first step in the program being outlined by County Finance Commissioner WASHINGTON — g It Marwick Mitchell & Co — help us determine just what our needs are then select the hardware to fill them" Commissioner Hunt year By Victor Riesel Putting One's Convictions llovvard L Edwards: From farm to NY executive suite "He'd build on that study by Peat Work on AEC Facility A measure of his own social conscience is such that when a Negro family moved into a home in his neighborhood he and a group of Mormon elders (he was assistant to the ward bishop) went as a delegation to bid them web come - er's salary Feud of 2 Unions Stalls set-asid- Y7'C't: study of Salt County government's eCectronic data processiog needs may be updated in preparation for A change to next computer operations A Lake Inside Labor He favors multiple use of public lands He finds that its administration however has often been unyielding and arbitrary And while he acknowledges the reed for wilderness he perceives a dilemma in that only the very few — those with money and with tale — ale able to enjoy it He believes too that the business community — in recent years beginning to acquire a social conscience — will lead the way in solving the problems of pullution jobs for the disadvan4 taged and the distribution of material e art EDP manager for the rest of this year He said $6000 is in the budget for the manag- Multiple 'Use ')'' 7 By Jack Fenton Tribune Staff Writer y derness as backpacker c--- ::4 —: covered Officer Pat Beatie Police Intelligence Division said he was walking near an apartment house at 1244 E South Temple when he noticed what appeared to be a marijuana plant growing in a flower pot on a second-storwindow sill A man inside led the officer to the kitchen window where Officer Beatie found 14 marijuana plants growing in pots on the window sill The occupant of the apartment was arrested for possession of marijuana mouth was The Edwards have four sons: Bryand manages thousands of square 14 McKay 12 Mitchell 10 and Miles of public lands in the western Paul 5 He keeps his physical trim by United States Deseret Gyni workouts golf and At his own request he took a cut In skiing His mental trim is honed in a grade to be assigned to the bureau's variety of publications ranging from Salt Lake office so he could concenBusines Week to Harpers and membertrate on mining matters ship — with Carolyn — in a Great A year after his return he quit the Books discussion group bureau to join the firm of Van Cott He is a member of the Public Lands Committee of the American Mining Bagley Cornwall & McCarthy Gains Valuable Insight former Salt Laker C Congress a director of United Park Incidentally The experience gave him valuable Jay Parkinson had also been a memCity Mines Co and a member of the ber of the same firm many years Western Governors Mining Advisory insignt into the philosophy and methoCouncil dology of the bureau which administers before) of outlets 1 :( hN::':'1::it:'?'irrt'tr Still Weighs the Same In addition to these industrial firms there are some very large and little known firms connected with the petroleum industry For example the Halliburton Co provides oil field services for the oil industry Some large oil firms have been engaged in mergers recently designed to join needed oil reserves with production facilities increase and create diversification firms with a broader system ) ::'1: C3 1960 County Continues Study Of Computer Systems Putting your favorite houseplant on display in a window can be a embarrassing gait Lake man dis- coal-fire- 7 ' 11?it Good old Enterprise 50 petroleum - c' ''' ard's grandparents firms nearly half of which are oil firms or firms making products that require first '' ss4z basis of assets Largest industrial corporation on this basis is Standard Oil (New Jersey) with Tenco Gulf Mobil d Standard Oil of California further down in the top 10 This oil industry domination - ‘' 'S:l1 :p The oil industry's concern is understandable Fortune magazine's compilation of leading US industrial corporations shows oils Itaking five of the top 10 spots when rated on the A - ' ' 10 What He Sows Mr Edwards' work at the Salt Lake law firm ranged from a major utilities group's proposal to install a d power station on the Kaiparowits Plateau to take the final resolution of o heated contest between The Anaconda Co and Ranchers Exploration Co over beryllium claims in the Stors Mountain area of Juab County In later years his work almost totally involved handling of land and milting problems for Anaconda A year and a half ago Anaconda recruited him as assistant general counsel in Salt Lake City His sense of the land has been — as by a variety of an employe of the Bureau of Land Management as an attorney as execuwith a natural tources company as well as on who has savored the wil- -- ' guidelines on mergers Atty Gen John N Mitchell said recently his department will automatically scrutinize proposed mergers involving any of the nation's 200 larvst corporations or mergers tendlower ing to substantially competition Take 5 Top Spots : rirr7 "I TULSA (UPI) — The big petroleum and chemical firms have been quiet about it but theiT industry is the one most likely to be cramped by the new Gardener Reaps The Salt Lake Tribune Sunday August Just Exactly Electronic by '70? 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