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Show 2D J. A. Livingston The Salt La he Tribune, Sunday, October 10, 1971 V. v i, " v x , ' ' ' f ' y Keep Up With Comially Get to Kno w the Words y w kjy.ytyy ?': y w " Continued From Page , favorable balance D-- l of trade will become a . . . TRADE DEFICIT ("unfa- U.S. projections presented to the Group of Ten indicated that a substantial swing in trade will be required in 1972 if the U.S. balance of payments is to be brought into equilibrium. The U.S. has also urged . . . BURDEN SHARING -Shouldering by European nations and Japan of more of the cost of U.S. military outlays for their defense and of more aid to less developed countries (LDCs). The negotiations are referred to as the . . . INTERNATIONAL POKER ,,g GAME in which the stakes are trade balances among nations, .j an(j t!le (.jjj.fjj are assumptions and assertions fortified and rebutted by statistics and projections. Each negotiator, at some juncture, will be expected to disclose what his country is willing to contribute s?4 toward a reduction in trade barriers and a realignment of currencies. This is a new deal. Never before have so many exchange rates been on the table in a multilateral negotiation. Immediately prior to the October meeting of the 0 dep- vorable balance) $tyr , , w. vKi"' f '' ' It.i. hi 'fl,, 4' . By Frank Hewlett Tribune Washington Bureau WASHINGTON Utah has more than 4.5 million acres of land which have at least prospective value for the development of geothermal steam. - Of these there are 13,521 acres which the U.S. Geologi- cal Survey gives the much higher classification of being within known geothermal resources areas. now Geothermal steam looks like an early new source of electrical power for the Western States. Its long been under consideration but the of a federally possibility helped program didnt gain much momentum until this year when President Nixor in his June 4 clean energy message to the Congress called for development by the Interi- - 1 133D UTAH'S mm mm o HD SAVINGS '$ or Department of a geothermal leasing program beginning this fall. Used Elsewhere Italy, New Zealand and other countries have long been harnessing geothermal steam to produce not only electrical power but also to heat homes and offices but in the United States the use of this promising power source has been small and up to now mainly in California and on private lands. Now the Interior Department is taking positive steps to implement the Geothermal Steam Act of 1970 which gave its Bureau of land Management responsibility for the leasing of public lands for the development and utilization of geothermal steam and associated geothermal resources. In addition, its geological survey has been given the responsibility of supervising the development and production of xhe steam geothermal which is on the public lands of the West. A few days ago Interior Secretary Rogers C. B. Morton started the ball rolling by making public a draft envi- ronmental impact statement on the environmental effects of adopting leasing and operating regulations which have been proposed to cover the development and production of geothermal resources on the public domain. ONE-YEA- R CERTIFICATES California Areas Compounded $500 OR MORE H CERTIFICATES At South) for $69,950. Salt Lake Board of Realtors reports 84 properties were sold for $2,259,050. It also holds that environmental standards now in existence or established in the future by interested state and federal agen-cjereasonable any af s. Gives Breakdown The report also includes a of breakdown the 1.8 million acres of western lands which the geological survey regards as potentially attractive for geothermal development. California leads by far, particularly in lands classified as "being within known geothermal resources areas. Second in this category is Nevada with 344,027. Idaho has 21,844 acres of known areas and Wyoming has none. But when it comes to areas listed as having prospective value for geothermal steam, Idaho has 14,845,000 acres; state-by-stat- e Nevada acres ; 13,468,000 and Utah, 4,511,000 acres Wyoming, 824,000 acres. ZCMI Appoints Promotion Sales Manager Richard former vice president of the New York agency, advertising Marsteller, Inc., has been sales appointed promotion D. Monson, manager at ZCMI. Mr. Monson worked in the advertising department during his senior year at the University of Utah and after graduation enrolled at New York University where he a masters degree in retailing. During his 18 years in marketing and sales promotion in New York City he has held positions with Charles Pfizer & Co., Cunningham and Walsh and Marsteller. His wife is the former Joy Elaine Heckman. executive G-1- uties, the Continuing THREE Brisk.in S.L. G-1- the boards Multiple Listing Service sold 84 properties during the week for $2,259,050. There were 60 homes sold for $1,785,100; 17 pieces of vacant property, $173,450; six multiple housing units, $186,250 and a farm for of 3 analysis of trends and developments so that representatives of involved nations observe firsthand what is happening. The ultimate object-tiv- e is the restructuring of . . . Largest sale was a farm in Xamas, Wasatch 154-ac- County, for $111,250. Seller was Waldor. Lambert, British Columbia, and the buyers were Robert Hansen and Robert Ure, Kamas. The farm was listed by Barry Johnson, Heartland Realty, and was handled by Mr. Johnson and Ken Bowthorpe, also of Heart- December 27, 1945 after ratification by the participating nations. It established the . . . land. MONEINTERNATIONAL TARY FUND (IMF), which now has a membership of 118 nations, to promote interna- One of the larger home sales of the week was at 6319 S. Vancott Rd. (6200 South) which scd for $69,950. Seller was Thornton W. Craig. The property was listed by Metco Realty and sale was handled by Gisela Conley, LaMar Staker, Inc., Realtor. The home features 11 rooms, four bedrooms, two atfireplaces and a three-ca- r tached garage. The home is of brick and cedar and is on one acre of wooded land. tional monetary coopera- tion . . . facilitate the expansion and balanced growth of international trade . . . promote exchange stability . . . eliminate foreign exchange restrictions . . . and shorten the duration and lessen the degree of disequilibrium in the international balances of payments. To discharge its the IMF beresponsibilites, came the guardian of the parities of currencies which were to be . . . Reports Acquisition Reuters News Agency - OR MORE Demand CERTIFICATES Too Jalrv cow SMITHFIELD Good to choice dairy cows and 00 Smaller common heifers 425 00. High yielding dairy cows 300 35. Utility and comheiferettes 21.5-2Canner and mercial cows 21 cutler cows 16 00 20 75. Bt 11s 25 25 28 90 stock steer 33 10 Hereford stock heifer calves lb 28 25 Holstein steers lb 26 60 33 75; Holstein steers 500 00 Slaughter cows: Two loads cutter and Utility 20 00. Feeder cattle: Confirmed 3,250 (Idaho 700, Utah; 400, Nevada 2,150). For immediate good ana choice delivery 50, few choice lb stesrs, 32 lb 50. Choice lb 33.00-3NoLate October heifers, 30 lb steer vember delivery choice calves 38 0042 50. Choice 350425 lb heifer calves, 33 7 00. 24 50. Sheep: Confirmed 5,200 (Utah 4 000, 25; choica Choice fed steers 28 Idaho 1,200). Choice including prime 24 fed Holstem 50; fed heifers 5 lb lambs wool 25 heifers 50; Ho$tem steers 25 mostly 25.50 iate. Choice and 300 500 60; Holstein heifers lb 36 5 lb 24 0025 50. fancy feeder lambs lb 27 9 50; lambs 21 3 80; 800 head choice yearly ewes for breedbull calves 25; newborn hoqs 16 500 head mixed age ing purposes, 40 50 per head ewes, 15.00 per head. A)l for Immediate Meat cows 25 to 50 cents lower. delivery. 00 per head lower Dairy cows 10 pet Slaughter cattle fob feedlot, with poor quality cows in poor demand. shrink, Immediate to two week delivFeeder cattle selling 50 cents higher ery. Feeders fob weighing point 3 4 pet and in good demand. shrink; sheep equivalent 4 pet shrink. Confirmed last week: 3,600 slaughter Eastern Nevada Feed Idaho - Utah for the week endLot and Range le steers, 1,100 slaughter heifers, 1,600 feeder 1971. 8, cattle, 4,70 sheep. Confirmed ing Oct. last year: end steers heifers, Slaughter SAUNA Salable receipts at auccents lower, except good anC tion Friday 755 head compared to 900 steady. Trade moderately achead week last and 873 a year aoo week tive early, later in inquiries Buk of suppl primarily feeder cattle on somewhat particularly improved and calves wltti these classes composcunent feediots Most remain neiters. ing nearly 70 percent of total supoly. with fimsned cattle In strong hands Trading active with Increased showing Many teed lots report tney will not of local interest, particularly In feeder have finished cattle to otter tor the cattle trading. Feeder cattle 25 to 50 next 30 days. Feeder cattle trading tents higher with calves 1 00 higher. moderately active on limited evailabit Slauqhter steers and heifers cashed for ad supply wih good demand Cows about steady. steady. mostly sales confirmed Few fully classes. Instances 25 cents lower on commerlambs stead. Slaughter and 50feeder cials Bulls steady. lower. cents to mostly trading steady Feeder steers: Choice 550750 lbs 4,600 Comirmed steers: Slaughter 0 Few 80. rom 31.50-3ranged (Idaho 4 050, Utah 550). Choice yield 30 0032 90, lbs. Choice 300550 tbs 31 0 00, lb grade 43 00 Few 0041 lbs 75. 35 Few couple loads early In week 32 25 delivmostly good 300500 lbs. 33 0035 00 Few ered. Load choice 1,400 tb, 30 CO. Choice feeders standard and good Holstein 50. Good and with end of good, 31.00-3300 550 tbs. 27.0030 00. Few 650850 lbs. Hereford calves slaughter Compounded $500 OR MORE PASSBOOK SAVINGS Daily Interest No Minimum Deposit No Time Limit iff sSSmSSS THE PROGRAM THAT . MEETSYOUQiNEEDS NTERIMB choice00. 27 lb Holstein 1,830 Confirmed heifers: Slaughter (Idaho 1,500. Utah :,00). Choice yield 5u, couple lb 29 grade loads reputation high yielding 900 lb 30 75. Few toads good end mostly low 50. choice, 29 WOLVERINE I waeHlwr'g m 26 0028 10. Feeder 29 5032 00. he fers: Choice Few mostly choice lbs. Continued From Page CONVERTIBLE Time - Ex- changeable or transferrable at a fixed price, or rate, of exchange with other currencies. Industries, Inc., said Saturday it has acquired Laminating and Coating Corp., a Chicago converter in the flexible packaging field. Terms call for an Such convertibility would be confined to a . . . RANGE OR BAND of 2 perexchange of Laminating and cent. That is a 1 percent marstock for Time Coating Industries stock on a basis to gin on either side of parity. be determined by future earnAs a practical matter, most ings of Laminating and Coatgovernments have confined ing. currency fluctuation to plus or minus 0.75 percent or a range of 1.5 percent. Under consideration now is a . . . W IDER BAND, OR WIDER RANGE. This could be as much as 6 percent, or a marlbs. 50. Choice 300500 lb. htiftr calves gin of 3 percent. Purpose: To Slaughter steers and heifers: Few lb. steers choice dividual provide leeway for nations to 50. Good IbS. Few standard and gnod 11001150 lb. readjust parities. If a currenHoistems 27.6028 20. Few mostly good cy consistently were to rise lb. heifers mostly 27 in the market to the upper Slaughter cow and bulls: Utility and limit of the band, the parity commercial cows 22 6023.50. Cutter and low utility 18.0023 00. Utility commerwould be i jised ; if it were to 80. cial and few cutter bulls 26 Producers NORTH SALT LAKE fall consistently to the lower Livestock Auction summary for week limit, parity could e reduced. ending Friday: Cattle salable, 1,796; slaughter cows a country govHeretofore, sold fully steady Monday early, closing lower in late afternoon; Wednesday erned the fluctuation of its cows sold weak, mostly 50 to 75 cents lower; bulls steady; some weakness kept it within the currency noted on slaughter steers with weighing 2 percent cr 1.5 percent band conditions responsible for price decline; feeder steers strong to 50 certs higher; by using the dollar as an . . . feeder heifers 50 cents to dollar highdoheifer calves fuliy INTERVENTION CURRENer; steer llar higher th quality Improved over IMF members would CY past few weexs. commercial and standard Cows own currencies with their buy 90; cows, utility cows, 26.25-2- 8 in- 30.35-3- 1 1 23.70-2- canner and cutter cows, 75; with shelly low yieldmostly 18.10-220; slaughter ing canner cows, 15. bulls, 26 tb choice Fed Cattle steers, 31 2 20; good to slaughter 1 low choice lb. 29 30; standard to good Holstein slaughter steers, D-- established machinery 30. 26 choice Steers Feeder 35 lb, 28 30 80; 35; lb, 0 33 0 10; 28 60. lb, 1b, good good and choice ; 5401,050 lb mixed 31 feeder steers, Feeder Heifers lb. 28 7 25 ; lb, 33 35; 9 26.10-2- 60. choice lb, 31.60-3- lb. 75; lb, good 1b choice Calves 40 041 25; choice calves, 75. pound heifer calves, 34 Service m Calibration Problems? W provid mainteiMnc and calibration ('ith tracaaSility to tba National Bureau of Standard)) for tha following categoric of electronic Inctrurentation. 0 Industrial (Oscilloscopes, Multimeters, VTVM's etc.) 0 Medical (Cardiology, and Surgical electronks) 0 Chemical (Recording Titrotors, Chromatography, Ph Meters, etc.) , 0 Closed Circuit TV Systems 0 Mechanical Measuring Devices tion. Greet Decisions Warily The financial markets anticipated the new administration program rather warmly before Nixons discussion of it on Thursday night, and then greeted his decisions quite warily the next day. The stock market closed on a downtrend, still wondering about specific prodetails of the wage-pric- e gram. It was clear that businessmen, economists and investors were pleased with the administrations general outlines for reducing inflation without the placing iNeTstuneH i 2! KENSINGTON AVI. SAIT a in economy straitjacket of severe restrictions on wages, prices, credit, profits and dividends. They liked the form and the flexible nature of phase two. They also endorsed the ad- ministrations pledge not to make controls a permanent feature of American life. In a Intermountain steer !b USED maintcnancc LAKE 0 447-101- 1 caliikation 0 464-214- EURO-DOLLA- R dollar A deposited in a foreign bank, such as Barclays in England, or the Dresdner Bank, in Germany. Normally, a person in free economy, any kind of England would have deposits in pounds; in Germany, in direct intervention by governmultinational ment is difficult to manage marks. But over any sustained period. corporations, which do business around the world, found Extend Benefits it useful to keep dollars on Given the acceptance and deposit in banks outside the for U.S. The U.S. bank, voluntary cooperation holding which the President asked, the original deposit of dollars, economic-contrhis program doesnt know the ultimate is likely to produce at least owner. On its books is only resome important short-terthe name of the foreign bank. sults, extending the benetits Such dollars are not readily gained during the current to regulation or consubject on and freeze wages prices. trol by either the Federal Reof The most important, serve Board in the U.S. or the course, was the weakening of central banks in Europe. They inflationary pressures and excan be shunted rapidly when the persistpectations. It was interest rates change, or when ence of these forces that finalfears of devaluation cause ly induced the Nixon adminisholders of dollars to rush into tration to adopt measures on marks or yen or pounds. Aug. 15 that it had long The wider band is expected abhorred and resisted. to moderate such currency There was encouraging evimovements. Instead of a maxdence this week that the back imum 2 percent loss from the of the inflation problem was bottom of a band to the top, a cracked during decisively pe. iator could suffer a 6 the first full September, percent loss. Despite its unimonth of the new economic versal use, the dollars status ol program. as a Turn Downward . . . RESERVE CURRENCY has been impaired. During the fifties and the forepart of the sixties, the dollar rivaled gold as a reserve asset It could be exchanged for other currencies at parity. Many governments preferred the dollar to gold as a reserve. It could be invested to earn interest. Wholesale prices turned sharply downward for the first time in 10 months, and further improvement seems the Presialthough goal of cutting the rate of inflation in half by the end of next year may be overly ambitious. likely, dents Editor's Note: The Tribune publishes Information on wells of special Interest only, according to designation of the operators. Duchesne County Diamond Shamrock Corp., Amarillo, Wildcat. Located Tex., Gulf-Ut- e 1.980 feet from the south line, 1,981 feet from the east line, Testing. Gulf Oil Corp , Chidester Springs located 1,873 feet from the Tribal north line, 1,929 feet from the west line 28-- 1 Wildcat. Elevation, 6,942. ProGreen 15,300. posed depth, Brlnkerhoff Drilling Co. Ute Tribal located 1,918 feet from the noith line, 1,830 feet from the east line, Pro5,731. Wildcat. Elevation, posed depth, 10,000 Wasatch. Drilling. Co. Ute Indian Phillips Petroleum "A" No. 1, located 1,825 feet from the north line, 553 feet from the west line, Wildcat. Elevation, 6,882. Proposed depth, 14,000, Mesa Verde. Tight hole. Brlnkerhoff Drilling Co., Ute Tribal , located 724 feet from the south line, 1,693 feet from the east line. Wildcat. Elevation, 5,723. Proposed depth, 8,900, Wasatch. Brlnkerhoff Drilling Co., Ute THbal 34-located 1,650 feet from the north line, 1,977 feet from the west line, Wildcat. Elevation 5,677, proposed depth, 9,300 feet, Wasatch. Grand County Texaco Inc. Government "Y" NCT-located 1,980 feet from the south and Wildcat. Elevaeast lines. tion 5,165. Proposed depth, 6,725. Drilling. located Anschutz Corp. Federal 773-1,487 feet from the south line, 2,160 feet Wildcat. from the east line, Elevation, 5,240, proposed depth, 5,000. Morrison. et al, Ferguson Oil Co., located 660 feet from the north line, line. west the from 1.980 feet 4,408. Wildcat. Elevation, Proposed depth, 6,685, Paradox. Drilling at 2,000 feet. Garfield County Amoco Production Co., "G" No. 1, located 660 feet from the south line, 1.980 feet from the west line, Wildcat. Tight hole. Collette Co., Petroleum Champlain located 687 feet United State from the north line, 2,100 feet from the Wildcat Elevation, east line, Cedar 3,000 5,732. depth, Proposed Mesa. San Juan County G. E. Kadane & Sons, Rustler Dome No. 1, located 330 feet from the north Wildcat. Eleand west line, vation, 4,594, proposed depth, 4,500. Mississlppian. Drilling. Amerada Hess Corp. Federal Connel-le- y No. 1, located 330 feet from the north line, 1,190 feet from the east line. Wildcat. Elevation, 6,097. Proposed depth, 6,800. Drilling Chevron Oil Co. Behind the Rocks No. 1, located 660 feet from the nortn Wildcat. Eleand east lines, vation, 5,479. Proposed depth, 7,300, Drilling. Mississippiar Waiter Duncan, Navalo 121. Located 2 140 feet from the south and east lines, Wildcat. Elevation, 5,050. Depth, 6,100 AKAH formation. Sanpete County r Phillips Petroleum Co. 1,980 feet from the No 1, north line, 662 feet from the east line, Wildcat. 7,535. Elevation, Tight hole Phillips Petroleum Co. Price "N" No. 1, located 671 feet from the south and east lines, Tight hole. Uintah County Continental Oil Co Conoco Federal No located 810 feet from the south line, 600 feet from the west line. 4,833. Wildcat Elevation, Proposed depth, below 20,000 taet Tight hole. Wasatch CourTf Texaco Inc. M A. Smith, Oil investment Inc. Fee No. 1, ocated 1,820 feet frum the north line, 2,130 feet rom the east line, New field wildcat, fight hole. 33-- Rio Algom Rio Tinto PERSONNEL ADMINISTRATOR FUNCTION: Our new uranium mine near Moab, Utah requires an Individual for a year assignment to develop and implement personnel programs. 2 RESPONSIBILITIES: recruiting, selection and orientation, employee practices and services, benefits, wage and salary administration, development. INDIVIDUAL: Because of the possible limited duration of the assignment, this position may have particular appeal to retired personnel practitioners and to those in a second level personnel role who would like to broaden their experience. Progressive personnel experience, emphasizing recruiting and selection are essntial. A degree and mining experience are preferred but not required. Resumes, including salary details, may be sent to: RIO ALGOM CORPORATION Box H-1- co This Newspaper located TRUCKS or heavy duly WANTED truck now ! Though we have more used trucks in stock than any other dealer in the entire area, our inventory is down and we need more used trucks to meet the needs of our customers. We're giving exceptionally high trade allowances while we rebuild our stock. 8 acres of sales, service and parts. .... Quick, Positive Identification Cards At Amazingly Low Cost! are willing used medium 1 Mr. Businessman: Looking for an inexpensive, positive means of employe identification? We have one . . . ana Trade your -- 521-285- 0 . - Oil Log SCdStA LABORATORIES, INC. p-pr- " by Pres'dent Nixon. On the tax aspects of the Nixon economic program, labor is apparently maintaining its negative posi- 20 instrument M l labor sources, involves the role and the authority of the Cost of Living Council in the Phase II - The BRETTON WOODS monetary system which was agreed to at Bretton Woods, New Hampshire, on July 22, 1944, and became effective on VEHICLE OR TRANSACThe TION CURRENCY money commonly used in foreign trade and international financial transactions; until prices were frerecently, quently expressed in dollars to establish in contracts prices between businessmen of different countries, say Japan and Australia. The dollars universal acceptability in this regard progenerated the . . . or surrendering dollars for gold at $35 an ounce. Since the U.S. has suspended convertibility of the dollar into gold, its price relationship to other currencies depends on what others are willing to pay for dollars. But the dollar still is an important . . . Nixon Phase II Looms As Good Fiscal Guard G-1- $111,250. CHICAGO NO. A work (WP-3-) force of the Economic Policy Committee of the OrganizCoation for Economic operation and Development (OECD). The OECD compris0 es 23 nations plus AuDenmark, Austria, stralia, Finland, Greece, Iceland, Ireland, Luxembourg, Norway, Portugal, Spain, witzerland, and Turkey. WP-- economists and technical experts include the 0 deputies. This is mulan tilateral surveillance Real estate sales in the week ending Friday continued good, said William D1 Rino, president, Salt Lake Board of Realtors. Members balance-of-paymen- position of the U.S. PARTY WORKING Intermountain Livestock Market Compounded $500 impacts Realty Sales fecting water, air and land and that caused by noise would be controllable within ZCMI includes The statement detailed environmental evaluations of potential geothermal development in three California areas. Impacts on the environment from geothermal steam are generally development local in character since the heat must be utilized in close proximity to the point of pro-- d u c t i o n, the statement stresses. r -- ; Geothermal Steam in Utah? y null, 'A iA?' AIkj&. Real estate sales for the week were led with sale of this home at 6319 South Vancott Road. (62nd 60-Da- wr . r-- SIX-MONT- i' yjL dollars when their currencies threatened to go below the band and sell their currencies in exchange for dollars when they threatened to go above. the United States, Only among IMF members, under--o- k to maintain the parity of currency by acquiring dollars for gold at $35 ai. ounce gUTH WEST to share it with you. These plastic sealed ID cards feature a full color photograph and other vital information including signature. They require only minutes to prepare and the cost is ONLY $1.00 EACH! For group and commercial firms only. for further information, call 524-279- 0 long-lastin- g, |
