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Show m tyre ip It filler , , ... UySj: tribune r . lv J Markets Finance .v ' , - - 21, 1975 -- -- f H- Sunday Morning, September "" f? J '"7 I y iV - w 1 7- : ' -- ' I f v ; ' ' ' rM ' i y v . u - W. tZ i7,'3 Gala Due T5777A'.;., MVMtdbUrrAt&mSA. , jtwhKtjv& iVx,4i - D: t - ' , C 17 t: More than four years after construction started, tne ZCMI Center one of 1' Inr.ee'.f pnvatp mhan development piojeets ever undertaken in the United will celebrate its official States, opening next we-y Beginning Mondaj , a long ai ray of special events have been lined up to commemorate the official opening of the huge shopping mall Man stores m the mall an investment of about $50 million excluding furnishings and merchandise JT,7 73be'V G , - ' - :" '- - ",!tr s ' f pu X' il tV'VsK 'st yii V yTlfcxy 4 ,$ yhW .lv.v; 7y t,-- ' - . - v v r X 7 , ' ' a sy S T s .n yp - -s , x yw,., ,'N1 y x f x.xV p' v ... X v J4 - ' Sy f - '- v.s yVy, s yy. 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'A 'v v y v. s W - .Ml r . -, 7- - " , ; j i - y 4 P " - " ' .?r-- v , v A' r5 ? x X zpt-:z:- : y iI f P.; sr- - x J!t I v- - v 4 yv''1 xT-- XX, - - t A S V vxis; ' x y 4 T? i. v ? t- - . jt!P I s' ' w ' - J iI "l'4r V , i s 4V 4 v' v Staff Photo by Lynn R Johnsof sy.wwstM.4iM. grand opening Monday through Satur- - Mall took more than four years to office tower, the center covers 2.5 million square feet, cost 7.0 million. day with many special activities.! build. Including adjacent I 27-sto- ry Uranium Demand Soaring Reserves Tight 9 U Robert H. Woody Tribune Business Editor Last week. Federal Resources President Nels W. Stalheim was fairly beaming as he reported on the income uranium prnper- - ties. 4 ly'-Cx s ft - V City-base- The spot price pound of cake has more than tripled from tS a pound a for a yellow J .2 ,, 4 year . y A ago to around $27 now. It was vindication of his long-hel- d belief that uranium would its 1-- j th. m and should have At the annual meeting of stockholders, he pointed out some of the implications of uranium energy: The capital and fuel life cycle costs for a uranium pow er plant have been holding at 18 cents a million BTUs while plants have escalated to 70 cents and gas fired plants to $1 per coal-fire- ar d million BTUs. Energy Punch And in terms of scale alone, uranium packs a big energy punch One truck load of uranium oxide has the Big latent energy of KReully Activity 20,000 of truck-load- s coal One pound of uranium oxide is equal in potential energy to 10 tons of coal and 40 barrels of oil. Gains .Federal Resources happy. But the utilities are not. is On the heels of a big week in real estate activity, members of the Salt Lake Board of Realtors achieved another good week 111 real estate sales The reason: All of a sudden, theyre finding out theres not enough uranium around to Casivccj assure them of enough fuel for the 35 to years of expected life of their nuclear power stations. It came as a shock to buyers of Westinghouse Electric reactors when they learned that Westinghouse which had said it would provide the fuel with the power package was was filwj --through the boards multiple sting JJ'rvice neared $6 million 40 ?; ; 4nc(u(ed in the transactions were 127 niidSoCJal sales for $4,851,309, 19 four commercial properties and niit apartment-duple- x properties. 1 gj price delivery contracts With costs of exploration and mining development escalating, they found their uranium commitment was a monkey on the back On the front end of getting the ore out of the earth are not only the problems Of politics m Canada and Australia, bui the United States as well. Congress already has wrenched tiie depletion allowance from the oil Given that propensity, the same Congress could well change the century-old mining law from claim location and patent to one of conipctitiie leasing and limited tenure When and How Much? That specter looms over any decisions on when and how much to commit to an exploration program. Says one exploration vice president, if the uranium industry is to meet its needs, there will have to be discovered the equal of several new prospects the Uravan Belt of the Colorado Plateau, Ambrosia Lake, N M , and the Shirley and Powder River Basins of unable to guarantee a fuel supply In building coal fired plants, utilities made sure they first had a certain supply of coal and water. But, for whatever reason, this was not the case m the planning for nuelear reactors A. Payne 'Kibbe, Lead of a Salt Lake d nuclear consulting firm, and chairman of a nuclear property and ore brokerage, notes that nuclear power station builders did not worry over long-tersupply as the coal-fire- d station builders did. The reason: The coal stations were looked into their locations by the high cost of coal transport. It was essential they have a long-terproximate supply. Prohibitively Costly The reactor buyers reasoned they could get a supply of uranium from anywhere in the world. And to develop a supply would have been prohibitively costly. After all, the oil industry had long lived with reserves. Only two, a Japanese consortium of utilities, and the Arizona Nuclear involving three Project stations outside of Phoenix have their fuel cinched up for the critical penod of 1990 to 2000. There now is under way a flurry of exploration activity m the United States as major energy and mining companies look for the elusive element Canadians Wary While Canada may well honor the presence of grandfather U.S. and Crown entrepreneurs, it will probably maintain a tight hold on new efforts to relieve it of its reserves. Australia, with rich reserves, is sitting tight until it can be certain that it optimizes returns to itself. Westinghouses problem was guaranteeing buyers of its equipment a supply of fuel. It was like a car dealer guaranteeing a buyer a year's supply of gasoline just before the OPEC cartel quadrupled the pnee of oil. prospects fromt sales of the firm's! ul proper-Oji- ri; -1 . y : " " - 25-to- n on 159 f - - "SutJftP5ijiSiSM?!S t ry : . , Brightly lit ZCMI Center, boasting stores already open, celebrates (law an to be exact !- i Jr'."Si"t -- . ve - Ir x vl- s 30 sLx-da- Thursday through Sunday More than $8,000 m pnzes will be fl given away periodically during the keck Grand prize is a trip for two to - t .. $! - s . v-rtr"- W, 'v y f U 7 4) l 5 y 1 ""-i- fujs y,S f m Other activities will include a fashion $how Wednesday, and musical presen-'kition- s 'V " it r - : v X - , . A , 4 '"' v s I , i 4rt v t x ,5i rfc j. , 1 S " r - ' ' 4. r !T - "t j Li.l- - " Yf ' 7 rr- - t- ' t ,7 77 J j 14 a .vS7.. . K- t r Y ? r--x f U 15 fc .? .,rc- '- - v W t A sj- ' -- -- -- rwrfAT , lr ? n -- --Vv f 1 -- V . dvV'iP'AK. have already opened Steadily Increasing Stream Since the middle of July, a steadily five or increasing stream of stores have opened their six each week doors for business. nd although work remains to be done completing the South Temple entrance and final touches on a dozen or so stores managers of the 31 stores ilread open report lavorahle public response More stoics will be opening thioughout the remainder of 1975 Killudin six stores that will take over tfart of what is now being used by ZCMI. ! Work on the new ZCMI store, mclud-ni- g the 'reappearance of the famous iluin Street facade, should be com-pted m the next few months. a c All the space planned for 55 stores has already been leased, according 8 Zions Securities Corp assistant .w f numagerO Claron Alldredgey.-.-y- . A Antique Car Entourage ' y .The long celebration begins a m. Monday with an entourage at of. ahiLiue cars carrying dignitaries on aa5ttTour of the six level, $6- - million parking facihtiy : There will be three presentations by the Promised Valley Play house Co. and in II 15a m. performance hy Repertory Dance Theatre. ;'Othefi: activities during the week ;uiclude a noon, Tuesday presentation 'hy thu iSah Symphony Orchestra and a p performance by the $righanT Young University jazz ij w - I- W'' six-da- $5,99 "' v x - 7... :;L5ri-''-- ; . Vft , w e , !?. 34 sj7. I k 1 , , V' M, ' t - r fW . ,.-- - P, V .4 i v, Jv - If fSfcjSif A rf?f - --- fwTy.,r ? t , 7 ii'-ii- . Sl Opening !. ffv '. J ,. ;i:'iS!,i'i;, ,rr h - . ' : 5 ZGMI . 'N" y ' .v ' ,, I - x Y ' -- - j. : ' ' ' H-- ' . - f - yy XZZ 4 A : ?' iI' Page 9 a--- -. K Jgf UpSTt section y y rrri ' ' . . 'Business Minos " On the supply side, found themselves highly toxic nature of fuel he said their plutonium as a fuel To produce plutonium, the is banked around the reactor. The reaction is accelerated Ni utron intensity i. increased The fission process is sUv tamed, the water is heated, and the I IIS is turm d into plutonium U Z35 Breeder Reactors realtors would eftectively the power potential of or uranium supplies by w fold enough to last more than 1,700 years at Ihe 1974 rate of consumption Breedei increase First at Arco Ironically, the first reactor to proat Arco, Idaho, in 1951 duce power was a breeder reactor, Dr Finlay son notes A conv entional reactor uses an isotope of uranium that can sustain tission In the reaction, the liberated neutrons keep the fission going. Some also bombard the surrounding oolant water, giving up their heat to the tv ater The heat is conv erted iro energy. j, not breeder reactors now'' The control engineering is exacting Uxe aliasing cylinder and expensive heads and installing double carbs or fuel mjpction on a car engine. Costly, dangerous and for experts only ' VVhv U 238 is another form of uranium There is 60 or more times as much But in raw uranium as U 238 is a sluggish compared to form of uranium, incapable of sustained fission 5 8 But engineering has come along way since 1951, he says The French, for example, now have a 10 y ear leg up on the U S Theyll be starting up their first breeder reactor shortly, he said Sooner or later the U S has got to make a choice Converted Into Plutonium But when it is zapped by neutrons, it is converted into plutonium Terribly toxic though it is, plutonium, which does not occur naturally, works like Wyoming Making a decision to build a nuclear plant now is about like making a e decision to make a nighttime drive across the desert and hoping en route there will be a filling station !r long-distanc- DIAMONDS FOR INVESTMENT Low Cycle Supply Utah Power & Light Co.s dir.etor of research, Dr Vai A Finlayson, noting that UP&L has begun to search for its uranium supplies, says an important consideration was certifying a life cycle supply before undertaking any nuclear plant rate At the present DIAMOND VALUES HAVE INCREASED 4 TIMES SINCE 1969 struction 111 the nanon, uranium de mand will equal supply in or about 1978. After that, private and federal stockpiles will have to meet the demand But after 1981, demand will exceed supply to meet the needs of the currently 55 licensed operating or ruction reactors The promise may lie m breeder realtors widely feared because of the locked into fixed CORP. 800 South E. 531-025- 2 Accepted State 338-881- tntefmountan Afeas Only Cicluvve Dnvt lx btup 1 Established 1933 UTAH STATE The Utah State AFL-CI- SUSHIS will ORIVf NfW PKPTS lEfcGIHfN YOURS O OF LINE STOCK tARGf AFL-CI- O ANNOUNCEMENT st several companies 975 F. C. DAHNKEN SS South 5 repurchase at market OrcUrt from Jowolry Trad of reactor con- 1 AMOUNTS SECURED $10,00 MINIMUM ALPHA RNANC1AL Direct Import Shipments $5,000 MINIMUM TRANSACTION We EARN ALL USfO fit A R SMORTl BAUttCl 8cC 4ftHEi CAOKlAC ORiVE SPEC & AoSTS NIGHTS NOT 486-076- be sponsoring an annual 5 940 W, 278-162- 2 2)9 Sautk SolUokt LABOR BALL ; :::;3fyOu don't update your skills, Zm you may outdate yourself. :::? 9 k 1Z t - r,rv? F 7To IB .v L r B. iir 4- - P O. BOX 450, I FOR i.Ol SOUTH STATF 84110 SLT TELEPHONE a Utah PROGRAM UcfU. DCE" 4b 801486-937- r ta J. PATRIZI. CLU 7 $ OF CONTINUING (JNIVfchbm rOUCATIQN OF UTAH il s Yale 1900 t if f s s -- ft " -- LEASE BANKjrflb L.FL COMPANY DEJMOINF3 ft r- gt $ A IMMEDIATE OCCUPANCY CAPITOL INDUSTRIES, INC. BbllCHS-USSOt- 2380 SO. MAIN St S., ; IOWA L k (l eTft, R - Instrument Repair C .aix.l- -; - X JS f,izZaq y use a part-Mauditor whoa tho e demands o PH. 486-840- 9 or Stob'o 278-500- 6 nb & Calibration lf TRAFFIC AUDIT SYSTEMS freight traffic expetts JUsiaest cmieeil imWitiiul Frwleht bill Mditinv TmntferMrtlaw Camullaili hJllOlldl 0JIC4U vi UWIlUatUl LABOkA1 CRIES t service? Ik have or 16 year provided quality instrume it service and calibrohons m the fiefds of Aerospace Analytical Chemts try Industrial Electron c Mochomcal Metf. cal Electronics Pressure & Te'evis Service Controcts1 Lobs, 466-222-3 2480 486-208- 5 -- 3. m S MAY WE HELP YOU? LaKUETL'syterm aM S 72 full-tim- J3W ROAD 2300 South Mam JS9 Why SPECIAL $30,295 This 2 Vz cu yd articulated loader has fully enclosed ROPS cob In near new condition this diesel 1973 machine is powered by a GMC 3 engine eiJTKS F'HONC LOCATIONS IN FOUR NEW INDUSTRIAL PARKS - ' " j. - INC lit I -- HATCH WAREHOUSE &MFG. SPACE TfSCCdUIC to THE BANKERS LIFE DIVISION EASTMAN PRIME OFFICE SPACE 200 TO 3,000 sa. TT. LE CITY, UTAH fei Aijonty Unit Managor 36 East Broadway Salt LaXe City 84111 Phone (801) 363-394Proud, indeed, is the individual who hjs earned the cow ted CLU key The Initials stand for Chaaered Lilt Uvitv writer , a designation awarded to the expeupnced life underwriter who successfully completes a comprehensive course of study and meets the professional standards of the American College of Life Undcrwi iters Normally, It takes several years of hard work to pass the nerissary examinations to 1 irn this truly The Bmkers Life of Dis professional recognition Moines a 'ompany donated to the advancement of professionalism in our industry, congratulates all our new Chartered Life Underwrhers up..n reaching tins impoilant mileaune in their care, is with emphases in "'Supervisory Management" or "Marketing Sales" .Call Dr. Ian Griggs, 58T792n, for complete information "An educational updating alternative from the A DO NOT hove the endorsement of the Utah State AFl CIO Dependable Service at Reasonable Rates t PROFESSIONAL i LABOR BALL TIVI EXCELLENT - 'TV University of persons who ore opproochd to boy odvertismemts for a INSURANCE 1 I Tho should be aware that such solicitors Repossessions I Tj'H W t7777 CERTIFICATE - Collections j A (975 1975 ALL TYPES U u dunnq ASSOCIATES -v if' I W wrmp ;- s CREDIT , Congratulations to this New C.L.U. 1 So. 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