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Show The Salt Lake Tribune, Sunday, D Q Jaly 27, 19' Regulation Periling Basie Industries? ing and mortgage tunas? Government regulatory practices appear to be forcing drastic changes in the By LeRoy Pope United Press Internationa! NEW The de- YORK mand for ever more regulation of business is an underlyand ing cause of capital equipment shortfalls that threaten the future of basic entire transportation in the United the world's largest industries States, marine insurance company contends. The industries threatened are energy, construction and transportation, says a report just published by Marine Office-Appleto- Mike Derbidge, left, and Delbert Hall, both IS, Bennion, stride along Thin Mill Newspapers, Inc., have signed an agreement to study the feasibility of a joint project to construct a newsprint mill in the southeast United States. The mill under consideration would have a capacity of approximately 130.W0 tons a year and would use waste mixed with paper virgin fiber. of as it evolves Redwood . Road Total cost of the project would be in the neighborhood of $80 million.'' said a spokesman for Media General. Media General would manage the mill, which is targeted to begin production in early 1978. Conversion of waste paper in the fiber mix would utilize otfie patented recycling progress of Media General's sub-- sidiary, the Garden State Paper Co., which now produces through this process about 10 percent of all newsprint produced in the United States. D-- 9 made generally working southward from North Temple, says Mr. Kay. It apparently is the intent of Salt Lake City and County planning offices that Redwood will not become another Main Street in the process. Jerold Barnes, principal planner in the Salt Lake County planning office, notes that the Redwood Road area was among the last to be zoned. Signs nearly overhanging Redwood and buildings abutting it are there by grandfather rights. The hope is to work out some y comodation that might involve planting of shade trees in those areas, he said. Allen Johnson, the city planning setbacks and landoffice, said scaping are now required of any building in the citys jurisdiction. of 30-fo- For Industrial Parks The area between 13th South and North Temple has been zoned to encourage industrial park type of development. The Glendale Golf Course was sited along the east side between 17th and 21st South to soften effects of industrial use in an area that also has extensive residential use. by state. is on Redwood Road Zoning on North Redwood Road is primarily for residential development. The zoning accomodates planned unit development, that is apartments or other clusters that provide open space as well as other amenities. Nowhere in the Valiev are industrial, commercial and residential uses in such dose proximity. Larry Perry, a truck company foreman, and manager of a private club, the just off Redwood at North Temple, was born in the area. Nor-Woo- . Close to their work, the people of the west side are also closer to reality than the people of the east side of Salt Lake City, he says. They live within their means." West side member cheeks are generally good. Bad checks fir more fre- quently come from the eastside, he Leasing Hits 80 Special to The Tribune OREM Some 80 percent of the S3 million Orem Plaza shopping center at 150 N. State St. has been leased, said the developer John Price Associates, Inc., Salt Lake City. Tenants include Skaggs, the Golden Apple Restaurant, Montgomery Ward, Hailstones Pets, Ottleys Drapery, Arctic Meats, Pioneeer Auto Supply, Murdock Music, the Orangegrove, Pizza Hut, McDonalds, and Century Management. ings were $13.7 million or 08 cents a rough-saw- n With share in the second quarter compared wooden high, store fronts, the with $50.0 million or $1.37 a share in the the look of second quarter of 1974. Sales declined plaza integrates the Old West in a contemfrom $1 49 billion to $1.39 billion. porary design. For the first half of the year. Occidental earned $117.5 million or $1.93 a share on sales of $2.80 billion. In the period last year the firm earned $139 million or $2.74 a share on sales of $2.74 suvs. substantially lower second quarter earnings. Occidental Petroleum Corp. said its earnings were down nearly 50 percent, while Amerada Hess's dropped about 25 percent. The decline in profits from last years record levels throughout the industry has been laid to higher taxes because of repeal of the tax depletion allowance, drop in demand because of the recession and conservation measures. Occidental said first quarter earn a year or more old was off nine percent to 558,000 The late spring has had an apparent impact on ewe and lamb surv ival in Utah. The Department of Ag- Lower Quarterly Earnings have reported Coal Mining Lags Despite the obvious need Late Spring Hurts Sheep Yields 2 More Oil Companies Report NEW YORK (AP) Following the industry trend, two more oil companies all-ou- for a great deal more coal, the study says the United States really is mining no more coal now than 25 years ago. The obstacles to increasing output are largely regulatory. The regulatory climate has affected equipment production; equipment for strip mining may take four years to get. And the rigid standards of the Clean Air Act soon could bar the continued use of some 200 million tons of coal now being burned yearly by electric utilities. Thomas E. Paine president of MAPCO Inc., a substantial coal producer, is quoted as saying mining of Equipment shortages deep coal in the Western that are seriously delaying states is not economical at the opening up of new present. offshore oil and gas fields and But MOAC says the regdeveloping new coal mines. ulatory climate is the main Uncertainties in the con- reason the coal industry is struction field. How will ris- having so much trouble raising labor costs affect building ing the $25 billion in new technology? How will govern- capital it needs to meet its ment regulation and govern- production goals under the ment expenditure affect the program to make the nation in energy 1985. availability of funds for build residential and commercial for plans calls Long-ter- widening MO AC says the expanding regulatory climate threatens these industries both by imon posing complex burdens them and by clouding the future economic outlook so that it is difficult, or impossible m some circumstances, for the companies to raise capital or develop or obtain needed new equipment. Depressing Effect Conceding that often the aims, ecological or economic, of the regulators are highly plausible, nevertheless, the vast body of new regulatory' laws and the complex bureaucracy set tip to administer the laws is having a seriously depressing effect on the overall economy, the study says. The MO AC study lists the most serious of these depressing impacts of regulation as: Orem Plaza rs Are Moving From Page Continued RICHMOND. Va. (API Media General. Inc., and Knight-Ridde- r istics. Future Looks Good Groups Eye Southeast Paper Redwood Road near 70th South, an area that still has rural character & Cox Corp. n in- dustry. The shortage of. offshore drilling rigs is listed in the study as one of the worst problems. If 30 new rigs are built annually, only about 600 would be in operation by 1985, whereas 800 are needed. But the report says uncertainties over how much the American public is willing to pay for oil and the ecological conflicts over offshore drilling disecurage a rapid increase in the building of rigs. It is the regulatory clilmate that puts brakes on an t effort. riculture estimated year's lamb crop at head, down 13 ewes head. production in Utah is at 5.941,000 pounds, an 18 percent drop. The number of sheep shorn or to be shorn totaled 575,000, down 153,000 from last year. Wool this estimated 502,000 percent from a year ago. The number of breeding billion. Amerada Hess Corp. reported secquarter earnings of $33.5 million or 87 cents a share compared with last war's $10 million or $1.19 a share. ond ROOF MOUNT AIR-CONDITION- RECEIVE 11 Stock Table - NEW YORK (AP; The following list shows the stocks that have gone up the most and down the most based on percent of change on the New York and American stock exchanges regardless of volume. and Net last week's closing price and this week's closing Sarirti Why put your mensy in or Loan at 6 I FOR 7V Raci I IN on your monoy Securod by a first moitgas on was) sip homa. $10,000 or mot. For additional information Call 272-- 5 i TRUCKS 67 Thrift & Loan ...pays you highest price. wmnerv New York Hock Exchange TUB ENC105URE interest on passbook percentage 1. Iutermouiilain Livestock salt lake Uwn. and vip$ for rror, ju v 25 Trading wax du't rnroogn bu? modeMfty active i cioxc. Omarxj fair. Compared to tax? wen 5 uoe. NOkTN he.4r sMugnter SO 2 I VM 0 a? feedictv f,r mets 3 iryjiry was ower price 01. and current aTmet CWtf' to tnng ortcn ,v.e carcavs reaitjaf.oni Sevwraf .".CKkers buying .".KHrtf v. s a,.gfier y wtoA on JP98 and lAxj hcte'i Av,vage pr.ee n nne o. t"b we. a' 166 .a l $' wa ?ux was 5u b las 66 51 itS awy 43 er ? 4 'O A to 0 se.aoY veOv .rtKv no ire h iii gcrt Qh y ;nc' ycnrtiv Load K 4b 0C r F .H lb rg f dav ?J 4 nj.:e mos-- I N S F0rfl5cat' ur,me OS lb 0 b ' oeod a ve$ lb h ' men'-cbo. :e Si). V JO High y; 2 gr.-y- $ tv.vv goo d y 5 ctv.r.e SO 4& end sever a toad? ro--Jc Sepert Orf oe 'vry e end inn frx f c re Load September ID J X ) for Current ot'd Pin' 4 load mixed good ar-- cj'-- e dive sevt-- a. 00. Vevo .'.me r. current SC r be load ' ougtr ;hd a eno thri-.- Cuer. tor s;a,. abler end or, me. (htj, X Auy. Pry September Oe !") 'ider j.:yrv SiAugmer .0 45X46JU '10 Acyuv IX- 4C 'very ;rKe (.,vrv cart:e fob iltnnx r.$ Feeder catie etjuivaieti? ne kvr.n. dr iver a riottsi Jitor 4 Si de.iyery as iueU. ye'jcbtef u'ynt ii. SAL'SA ProriiF.efS livestcvit it,- a es or Friday. Juy 2x S.t atj'e 4 ae ws and 4tj compared with 11 r Pnceipl!, sfyf teTWKj d ,e to pfeviX.S dav fo varrg t 0 i 0C qf Ccter bu'is S'ano-.eZb C5 rv4S V v $feers Vi J9 V,. 44 yf: 7 4: tvde- - n,),- - S Vii1 H) i'd and t Vf .ndivdc-a'- aivv.t rcoreverdativ Wafers asout and and Ltter fj . i U' u? uty ri. rw good $td O rtvmc tr 4 77 t 47 .0 4nr. yS riH ?x 4D, ' e ?i i.1 ib ;( f sxf. 7 Utsic 2 , XH-i- i so ,h J r ;s 0 saS y.vvi a, c S r ed Lannei and X JI .'S is . xteer caves Heretvd feeder Sty'., rtx,,re gyaty SVA M0 b X1 ' o id l.N.vce t?eder srera over 700 t A V SO. Hereford $nv x ca'ves 27.75, year rm W.vyi?7Stj, steers Yn) ry; 'b ?0 00 24 SO. Vear'-r-i- lb ho,c so. Tt 2n ( J. x 1.. X IS X Over 'C a mi a ma'we vfees ted re tjrs 47 A; 4 v K'nii.r X Vv '0 X ?S ' yf vea-t- w nts' p s. 41 Sij ax.wT' heders, .ars VI.. n 4.' X tvr e va- XX- SI t 'O X Jj y.:T 2 DOOR TRI DOOR 1H $33.95 $41.60 -- mam 400 So. 800 W. xO.id "V Special to The Tribune Provo-buse- Inc. manufacturer of Valtek, industrial automatic control valves, had a record gain in sales and earnings during the fiscal year ending April 30. Audited net earnings were $2;nj,34t), or It! cents a share, on sales of $4,655,187. Compared with earnings of $119, 297, or nine cents a share, on sales of $2,611,52 for the year-ag- A- rt 0 T' '?' vanVJ C in. r.A 7 O rertiflcale per ..nrunn. c.iniiOimi!cd 9.46 !1 certificate 8b p r .mourn. uinipourtijfi 3S X iinnuiijlv 8.49 We Can (i'9 per Your Shoes Longer 16,000 BTU Air Conditioner with Compressor j6.. f annum. i.ompeunifed I .j.x iwwaSurfA-Tasi- KYSOR certlllcalc Mnmannii.illy Jl I OKI - ff. l at VaKe ('mianv Aniumnuus lU'uord Gains PROVO -- tr 07 w- 7.64 LESS PULLEY AND MOUNTING BRACKETS I year certlflcalc -- TMt'o pur .innim. r.ouipoumiufl st h. ...m. vJ.i Or Vider vs IMA Tlirifl Reg. to 2.25 stretching process turns tight, pinching shoes into thoroughly comfortable A I.o.tn is a ef he linlustr,,ii Loan tliirtfriii-- t v (J 1rpt1r.it ion of l't.ih,,whn !i vour sav mgs are pro-l-- i 9'(i up to $10,110. With this special price, it would be simple to provide your own special mounting brackets footwear. ZCMI Shoe Clinic, Lake downtown and Suit !n period Vrady. H JO t'S Ju, SO Tt jr t J. t- lower. 0 s uitt-- .r 1 aug'ier cow dressing Slauynter lower C SO y.nly .tir$ sfwrs 5'rariy . S evceot few uwer, Svi Os. Si;rr-- cov rr.ost-- v pur iinnuin rl.i'lv micrcst. omjHiunrii'cl qu.irl'T'.; niui pani daily. ad (ax ary rrar PASSBOOK SAVINGS cw'ev. Aoaus w jr current $etrs oil r h'vffr JO Av?f.iie Annij.il FMei.tivi Vtrid h,gh lvi eeoef ca e centred verv s'nw i.gh t estitcisb rend lomparnd ciov?. spr.ng siaognttvr - Farm or Over Ihe Road Vehicle ACT NOW YOUR OPPORTUNITY 7'4, ,k' NrvSd SNer TRACTORS savings and thrift certificates in Utah! changes are the difference t VANS .Votimls pmlected tip to u in ionium ot SiO.illill hv Victim liqmrls S 12 Cash Theft Norman Jackson, who resides on the 1390 East block of 2nd South, told police burg lars stole $12 cash from bis home. Mr. Jackson-saithe money was removed from a wallet in wline was as- jaiM-- l.nun (lU.iianly Corporation of Cl, ill. a private utrporalion which is not .in t v of the State rtf 1; sti u ri ,f n ,i I .'I, ill or the federal ovenmeiil. 2669 F.ast 21st South Sail Lake City, Utah 81 til) Phone: 137-547- V5 O IVl I 550 21th Street Ogden, Utah 8441' Phone: 3m$3l nnn rznmrcx 1563 South Third West nrP Salt Lcke City, Utah 84110 SFRVING THE INTEPMOUNTAIN WEST "AREA S MOST COMPLETE TRUCK PARTS AND EQUIPMENT Open 8 a,m.-- 5 p.m. Monday thru Friday . . . SUPPLIER" Cteted Saturday CLUTCHES, AXLES, DSIVELIMES, TRANSMISSIONS |
