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Show The Salt Lake Tribune BUSINESS/WEATHER Saturday, August 3, 1996 B12- Strawboard Firm Needs Start-Up Cash Students Learn Business Skills THE ASSOCIATED PRESS TREMONTON — Lastyear, a group of From Selling Jelly to attract just 35 farmers or farm organizations who have pledged only 5,700 tons. Subscribers agree to pay a $1,000 membership fee and $50 for each ton of Box Elder County farmers pledged to in- vest thousands of tons of straw — tens of thousands of dollars — in a venture to make building boards from straw. Now,the organizers want farmers’ dollars, and soon, to kick the idling enter- @ Continued from B-9 grease, while money from regional vocational programs and the Garfield County SchoolDistrict helped themgetstarted. to packagethejellies in plastic jars. Thestudents (including a fewgirls who joined the class in the third and fourth ment. Theymetwith a local banker about financing a business start-up, discussed marketing with a pro and hawked their wares at basketball games The class adopted the name Moqui Products after their school mascot and ancientinhabitants of their area eir jars of homemade jelly — such as t elderberry, strawberry-rhubarb, s and cactus-peach — sold whole- for $2.50 apiece. Only a fewjars in of the 1,200 jars produced, and will be sold later this month at the ‘ield County Fair in Panguitch. Their ings are given back to the school. e innovativeclass is the second en- Escalante High Schoo! home-economics students this year produced, canned and sold line of fruit and cactus jellies under The Moquis label. ship program hasgiventhe students skills they can use throughout their lives, ei- , and their Bryce Mist is still stocked e shelves of local businesses. yron Cottam, principal of Escalante h last year, encouraged Bernardo to give the entrepreneurship idea a try when she raised it last year. “We thought it would be something that would catch their attention,” said Cottam, who has switched to being parttime principal at Escalante Elementary this year and part-time vocational program director for the county school district. “It ended up being a fun project.” Besides being fun, the entrepreneur- be flying again in three weeks unless a federal agency decides to hold hearings on a complaint bythe flight attendants’ union, the carrier's presidentsaid. President Lewis Jordan and other com- been ‘yews that a Rupert, Idaho-based called Stramtech is moving ahead of Western Ag in getting a strawboard plantyp and running. Stramtech wants to become partners with Western and capture the entire western United States as a market, said Western Ag President Eldon Petersen, but that will happen‘only if Box Elder's strawboard project makes a commitment. “Westill believein this very strongly,” ‘THE ASSOCIATED PRESS The Utah Supreme Court on Friday overturned the dis- Leslie Campbell, director of secondary education for Junior Achievement of Utah, shares that view missal of a class-action suit brought by several thousand depositors wholost millions of dollars in defunct thrift insti- Supported bylocal businesses, her non- tutions 10 years ago. The ruling sends the depositors’ claims against several accounting firms and former thrift owners back to 3rd District Judge David Young. Hehad ruled three years ago that the deadline had expired for depositors to file suit. profit agency has helped put economics/business curricula into more than half of mentor-professionais, up-to-date eco- But a split 3-2 high court sided with depositors, saying a state law enacted exclusively for the depositors’ lawsuit had nomics texts, teacher lesson plans and companiesstarted by students. extended the deadtine and their complaint was “clearly “The kids learn firsthand; they apply timely. The court also overturned Young on severalotherissues on appeal, ruling that depositors could bring conspiracy their knowledge [so] theywill retain their learning much longer,” she said. “It opens their eyes to different options.” straw to provideall 8,000 tons a year 07 more to the company. The problem,they said, is the required investment. But Wilson said a few “city folks’ could invest in the company and coverthe shortfall, or Western Ag couldstretchits dollars by leasing a building and equipment. Or he mayset up a pooled fund ofper- sonal loans for farmers, so they could more easily take out loans to pay for moretons of straw, he said. Petersen said nearly everything is in place to get the plant going by spring 1997. Neither the fun nor the learning escaped Mrs. B’s class at Escalante High claims against Utah Jazz owner Larry Miller, a formerthrift owner,andthestate could join depositors as plaintiffs in the suit. ‘The court, which upheld Young's dismissel of securities claims, had considered the appeal since December 1994. “This is the answer we've been waiting for and what we knew in our hearts would happen because it’s the right thing,” said Sheila Bohard, a plaintiff in the suit and board member of the depositor group Depositors of Insured Thrifts. Anestimated 15,000 depositors had some $103 million in five troubled thrift and loans. They were faced with losing their money whenthe state shut down theinstitutions on July 31, 1986. School, according to one Moqui Products developer. Duo Charged With Bilking Investors of $2 Million “It teaches you a lot,” said Doug Olsen, a soon-to-be sophomoreand oneof Bernardo’s students last year. “I wish we could doit again.” THE ASSOCIATED PRESS A father and son from Mapleton have been charged with defrauding more than geld mine in Montana,butinstead went to pay off previous investors and to support “their lavish lifestyle.” The Holkers allegedly promised investors high returns in a short time with no risk. Griffin said the investors were not 100 investors in their bankrupt H&H ValuJet May Be Backin the Air in 3 Weeks THE ASSOCIATED PRESS ATLANTA — ValuJet Airlines could board-making machine and get things rolling. ding to subscribers’ concerns has Court Gives New Life to S&L Depositors ther working for another's business or starting their own. Said Cottam: “It's teaching kids, using the real world.” the state’s 107 high schools. Junior Achievement provides weekly visits from ents started up a bottled-water busi- they need to build a facility, buy a straw- “We haveto have the chicken before we can get the eggs,” said Randon Wilson, the Salt Lake-based attorney for Western Ag Technologies, the strawboard project’s parent company. The strawboard project was born in August 1995 as a farmer-owned co-op. Under the original plan, Western Ag would recruit enough farmers to supply 8,000 tons of straw to the company each year. With that straw, about 160,000 pieces of compressed-straw building board could be made. Butto date, the company has managed bushes and trees of local residents. They froze the fruit juices until they had time mits from the Bureau of Land Manage- But even if every subscriber pays now, the shortage of straw means the company's officials don’t have all the money prise into gear again. They collected prickly pear cactus from the desert and diversified their product offerings with fruit from the terms) also participated in each phase of establishing their business. They acquired cactus-collecting per- straw they plan to contribute annually. Peterson said. “We're trying every way we can to putit together.” Farmers at a meeting this week said they were willing to pay, but want assurances it will be protected. They also worty that outside investors will have to be brought in, diluting farmer control and profits. Manysaid they had more than enough Gold Inc. of more than $2 million. Robert L. Holker and his son, Martin J. Holker, surrendered themselves this week on arrest warrants alleging multipie pany officials urged the employees to sign petitions opposing the complaint. “The time has come to fight for your told of Robert Holker’s previous bank- ruptey, the true financial condition of the gold-mining operations near Sheridan, Mont., or that Robert Holker had been ordered not to sell securities in other staies. “We continue to see these ‘low risk, high-return’ scams cropping up in Utah,” counts of securities violations, including fraud, over a three-year period. Mark J. Griffin, director of the state Division of Securities, said Friday the Holkers allegedly told investors that jobs,” said company lawyer Joe Manson. But union officials said Jordan and Chairman Robert Priddy are the real roadblocksto the resumption ofservice. their money was to be used to operate a Griffin said. “Anyone who mixes the two promising low risk with high returns,you mayset it down thatheis either ignoran — or worse,a liar and a thief. “There is no such thing as a low risk high return. Unicorns grazing on State Street are more common.” Neither of the Holkers waslicensed tc sell securities in Utah, and the securitie: themselves were unregistered. A scheduling hearing on the 11 felony charges is scheduled Aug. 27-28 in 3rc District Court. THESALT LAKE TRIBUNE WEATHER REPORT Today’s Utah forecast . Statistics recorded through 6 p.m. yesterday Utah high 103 at St.George Utah 42 at Randolph Utah highest precip, 0.48" at Atta} Northern Utah Most of the region will have partly to mostly sunny skies today: some clouds ‘Statistics recorded at the Utah Division of Air Quality through 6 p.m. yesterday Ca Monoxide Particulates Ozone Salt Lake City 18 OS1ONA SL. &DavisCounty 18 51 81 Provo will develop overthe higher elevations Sat Lake high later in the day. Readings will reach into the middie 80s, providing a pleasant 9g_| &: ah ae be Precipitation afternoon. Tonightwill be clearto parily 70 trace Precipitation this month cloudy and cool. Departure from normal Precipitation since Oct 1, 1995 Departure fromnormal dgden NA NA 17 51 51 2 7 a7 NA a 7* 02 0-50, Good, 51-100, Moderate 101-200. 0.03 13.96 ‘Unhealthtul; 201-200, Very Unhestintut TodaySait Lake City, Davis and Weber 0.13 Normal high foreax Salt Laie Lake Nomaliocior 17 Utah County Weber County 93 Ge Record high for Salt Lake 103 in 1992 Record lowfor Salt Lake 45 in 1928 counties - i Lake & Utah countiesOgdervProvo; Salt Good Ldeh CCAS oecicsecores ateroan The Ray-Ban index shows the relative amount of Southern Utah Today will feature sunshine Grass Highest...7 EE Today Tom. andpassing clouds; tempera tures in the valleys will reach from the 908 to around 100, A stray late-day thunderstorm will ‘occur over the mountains. Tomorrow will posier be mostly sunny Wace sist ane 7) :'ioe 5.ee 2 27 Sam Moderate; 10+.Ve Redstea ants A aey teen 9088 ons 864-6000 or Wasatch Front 5-day forecast TODAY SUNDAY MONDAY ae i 2i Mostly sunny ‘nd cooler Unlimited sun shine and pleasant Plenty of sunshine and nice. 86/56 82/56 86/60 city Aa nding TUESDAY 2 ~, | ; Mostly sunny. Partly to moatly sunny; nice. buss oma ‘@tew clouds. Plenty of ‘Unlimited sunshine and nice, sunshine, 90/58 86/54 88/56 (102/76) (96/70) (98/72) TODAY SUNDAY vg <a) rs he Partly sunny atteyien Mostly sunny. 98/64 94/60 MONDAY A good dea! of wis 96/62 porte ARfrog Penyot sunshine. 86/54 (98/70) Cosvte : io Esraiante 86 56 0.07 peace. read ea/54 (96/68) Sl WEONESDAY ma e {a Pientyof oulubane Partly sunny. 92/60 tebe New First A @ a K P| Ke AugS Augié Aug21 Aug 26 Moonset today toiam Moonrise today 41.21 pm Cite Today Hi Lo Prop. Ki Low City Hi Low ARIZONA Amsterdam 70 §3pe 79389008 Athens 90725 BEGETEut $0 Pa OSB100 Tape BeT0 caeaate 8148 79 83-488 7 G24 Colo, Spegs. ete 86 56 050 6 92 80s Bae Grandtet. 93.8594 G38$ Wal Beirut Belgrade Beri Bormuie «82 75ah 82 655 92 64 pc 73 S2pc 82 7c 722 4 pe ‘a Buenos Aires 99 57 68s 46¢ Cairo | Calgary 63 480 Copenhagen 63 ; A whan A Showers andthunderstorms will extend from Alabamato Virginia today. High pres- sure over Indiana will sponsordry, pleasant weatherfrom Kentucky to Maine. Thunderstorms will erupt across Minnesota, lowa and Wisconsin. Heatwit! build across the Plains, while coolerair continues to invade the Northwest x City Hi Lexscd Lo Prep. Hi Lo W Feces && Gua RS 6 779 67t 86 64001 102 76 102 75s a4 62 83 671 Atlantic City Austin Baninore Birmingham! | 90 68 po Tr 88 60 pc ‘Motile Momgomery 8 72 024 G2 a 88 72 © 701 Tr New Ortear New York 87 81 62 67 80 home” ‘Ogden $F93 &88 Gay Ss hme ote 8 Che) Park Cty 85 50 7 Payson fie 90 85 eo Provo Randolph x a atime cong, Srycervle S Jonan Span Fok 8BiGeorge me 97844286 <a een t oe 90 88 95 65 92 85 0.01 103109 8181 7 Zion Park Toronto *s 03 70 Tr 75 Spe Vancouver 85 53¢ Pages tt 72 S28 Warsaw 7 73) 58 Montpelor Nashvie 63 pc 70t 95 59 —— eT & se 83 86 8 Versi 90 4 mes 93 62 89 = 80 0.01 $1 — 79; 77-60 85 60 Tr a184 64 68 7S 87 ‘Milord Janoi $1 Rio Me de& sneio7S i : cee mkae ne Sone. wie. Stockhoim 70 4B pe ae weet rokyo 88 78p0 Milwaukee Minpeapols lami ne Te 68 xe 86 73 094 87 741 ae" ian ae beats wee a 82° 66 83 59 ae ae aay Hi Lo Prop. Hi Lo' 2 fe 84 51 ne 94 68 tT ace: City w @ fee we ae ae Laketown (4. rion W Valley a i Yesterday's Low:: 31 in South Lake Tahoe,California; High: 121 in Death Valley, California Ail maps, forecasts and data provided by AccuWeather,inc. © 1996 ae ae oa Warr eafltecll day. Forecast high/low temperatures are given for Stationary pueeraemen |e, Wi ste esq Barbados 86 74 pc Aspen Bouder COld “=m precipitation. Temperature bands are highsfor the BY: Laet fomre gone wattage Be “sa TUESDAY Ss q a 94/60 90 82 002 a5 552 0.01 wie Flurries Shown are noon positionsof weather systems and Fi tent eat Pes ies ous Agocaewal sunshine. , 81 43 102 80 Cepitol Reet 93 70 Cedar Cy 92 69 ce Southwest 5-day forecast & (St. George area) TUESDAY WEDNESDAY TODAY SUNDAY MONDAY Sunshine and City Brigham City 93 55 0.02 WEDNESDAY = 7 Wo Pi 93 51 046 «98.5 Gressewood Low oa) euretls) Yesterday Today oes Bran Head 78. 40 : a 8:41 p.m. ims Yesterday High ok 8 NOOR?6 6° 8 Aerie figher index numbers: § 5 mm 2-2 presenthigher eye and aise Raynerneemeres = : rea re 3pm, 6:26 a.m, Leetnme ae Temperatures are today’s highs/tonight’s lows. Allergy Clinic for yesterday the sun's UV radiation thatreaches the earth. aSa 8 Bie Ped 31. 81go Tr 88 - rit 82 &2 po ie? eng Orlando ~— Palm Springs 80 $9 Tr 79 61 pe 90 76 Trt00 788 Philadelphia ¥ 81 60 86 68 pe Soe Providence Sat Ri oe ee3 eeCatal BO pe ¥ 5 ‘ 82 87 658 55 49 048 §7 43c 77 Tr 81 615 a3 et Cipe = 63s | 68s Pape «=«73 «54 0.01 74 68 82 86 001 89 68, 74 035 67 O01 939 79 75; 6B: Oe 2 ; —_ 91 73-476 90 72) 102 78 2 «738: 8365 80 68 | 78 5B TRO 42s MRT Bw 1 OR: ERG gl 77 63 001 79 65, % 70 017 B86 68 . borates 4 San Diego San Francisco Savannah Seats, SimeFamy Tome Symcue Tampa genN —_ 5 77 67 72 66 76 52 66 54 8774 0.08 BB 74 | 70 95 69 8b BB. ST BO 2 58 eee 79 54 001 78 61 83 a 78 * 91 * 78 | ‘Weathar(W): &-sunny, pe-partly Cloudy. e-cloudy, st-showens, Mhundersiorms, rnin, wf-snow fluries, sn-snow, Hoe, Prep -precipitation, Tr-trace POOR COPY Slee 3 |
