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Show Yr'y y',1fif,"y ' ,1'j,i",r. ,.' y Vy IE' Oifwial Says Congress May Lengthen Patents Life By Stacy V. Jones New York Times Writer 'WASHINGTON The more than 65,000 inventions patented in the year just ended were on mechanical, engineering and chemical products and processes. Unusual items among them the Supreme are microorganisms; Court had decided that forms of life were patentable. Besides such energy sources as nuclear reactors, coal and oil, many inventors drew on the sun, patenting solar collectors. A few robots were also introduced. Aslted for general comment, Gerald commissioner of pa-- , tents and trademarks, expressed admiration for the quality of modem inventions, but concern at the volume of patent applications. Although we are pleased that we , . were able to process and issue 65,000 patents during 1961, he said, we are greatly concerned that another 20,000 applications were entered to the already huge backlog of 200,000 cases. We have taken some steps to turn things around, and 1982 will prove to be a critical year. Patent Term Act In the coming year, we expect that Congress will enact r patent term restoration act and a bill to establish a smgle court of appeals for all patent cases nationwide. Congress will also act on the proposals for higher fees, which I believe are critically important to the vitality of the office. The patent term act would extend the life of a patent to make up for regulatory delays by federal agencies. Four patents on space equipment are being issued in the name of the late William B. McLean, inventor of the Sidewinder missile, widely used by the military. Patent 4,307,856, granted this Gyro, is week, entitled Target-Seekinassigned to Walter G. Finch, the Baltimore patent attorney handling the cases. Half the rights are owned by Finch and the other half by members of the McLean family. The government holds licenses, and commercial rights are available. Two of the three patents to be issued next week cover orientation control of craft and an automatic scanning and tracking system for them. The third concerns the gyroscopic telescope and a clock for use in outer space. Patent 4,308,327 was granted this week to Dr. George Bird and Peter A. Custer, partners in Digital Fluorescent Sound, a Princeton, N.J., concern. Dr. Bird is also a professor at Rutgers University. McLean, a former director of the Naval Test Station in China Lake, Calif., died in 1976. According to Finch, the senes of patents whose issuance is now ending included 25 separate Detecting Apparatus This week's patent, which is related to the basic one granted in 1980, covers a scanning and detecting apparatus for aerial and space vehicles, as well as a device for controlling the orientation and velocity of the missile. Two specialists in photography have patented a motion picture film coated with an invisible sound track that is activated by ultraviolet light. They hope their method of recording image and sound over the same area will become standard in the industry. The general practice has been to place an analog sound track in the limited space on the edge of a film. In the new method, a transparent overlayer contains digitally recorded sound that is released whc-r- . ultraviolet light causes it to fluroesce. The inventors arc discussing their method with motion picture studios. g g, spin-stabiliz- spin-stabiliz- A patent for a fluid to be used in treating kidney failure was granted this week to two Connecticut physicians who have served on college faculties. Patent 4,308,255 went to Dr. Charles L. Fox Jr. of Sherman, a professor emeritus at Columbia University Medical School, and Dr. Ghen M. G. Raj of Wilton, who did research at the New York Medical College. Used in Dialysis Dr. Fox said in a telephone interview that the fluid, a concentrated solution of body salts and an added colloid, is to be used in dialysis and should be impor-.- . tant in removing body waste from the abdomen. He expects it to undergo clinical studies before being distributed. Dr. Fox has three earlier patents on a treatment of bums. To get a copy of a patent, send the number and 50 cents to the Patent and Trademark Office, Washington. D C, 20231. - - W Wmm jialt akr iftitraiw ' Monday Morning, January New York Times Service Idaho (AP) Molybdenum wasnt much more than a mouthful of syllables to CHALLIS, many before Cyprus Mines Corp. started work last year on its Thomp- son Creek project. Ask almost anyone in Challis today about it and theyll be able at least to tell you its the ore that Cyprus plans to dig out of the ground by the middle of next year. It is responsible for new trailers, houses and most importantly new jobs. It has changed the character of this mountain town. But despite all this ''local growth, the molyb Rates restricted by state usury laws. . 18, 1982 - Section D Page 7 Molybdenum Steel Alloy Industry Slumping CONSUMER RATES denum industry is in a slump. A Bureau of Mines official said producers are not going to make as much money as they anticipated two or three years ago. The worlds largest molybdenum company, Amax Inc., layed off 800 workers Wednesday at its two giant mines in Central Colorado. Nelson Hugate, info- rmation officer Amaxs molybdenum for di- vision, said the molybdenum market, which had been growing steadily since 1973, took a downturn in mid-1980. The company instituted hiring freezes at its Climax and Henderson mines 13 months ago. Through attrition it lost 500 employees, before the layoffs were announced last month. Amax produced 120 to 125 tons of molybdenum-disulfit- e concentrate per day in 1981, Hugate said. The concentrate contains about 55 to 57 percent pure molybdenum, which is refined and used mainly as an alloy for steel. After these recent layoffs, Amax will employ 4,950 people at its molybdenum facilities. The Climax Mine is the oldest molybdenum mine in the United States. The Henderson Mine was started in 1976. Hugate sees no long term problem for the molybdenum industry. Moly does not tend to be nearly as cyclic as the base metals, he said. Once the market stabilizes, were looking at 5 percent annual growth. Hugate said Amax expects the market to stabilize this year plans to produce about 50 tons of molybdenum-disulfit- e concentrate per day, which will be shipped to consumers by rail either from Arco or Mackay. 1970s, between 5 and 10 he percent annually, said. Like Amax, Cyprus is planning on 5 percent growth annually, he said. latest Intend Rates CJ HOUR H0TUNE - 24 Richard DeCesare, sales representative for Amoco Inc., Cyprus parent company, said Cyprus will rank as one of the worlds largest molyb- denum producers once mining starts. DeCesare said he expects Cyprus to market its ore competitively Cyprus Thompson 8 gainst other new mines. Creek project will be The industry experiIdahos largest open pit enced substantial growth mine. The company and production in the PHONE 531-561- 4 Money Market Certified e Certificate I" Variable Rat Certjfkf Investment Plan Tax-Fre- t IRA Programs Vv 4 Aapfeai Four Corners Report Small Businesses Need Capital to Grow By Robert A. Bryson Tribune Staff Writer Utahs economy is overwhelmingly small business, -oriented, yet lacks some of the larger sources oi capital that other states use to help such firms grow, says a report by the Four Corners Regional Commission. And the report says, even though high interest rates and the recession have slowed the states economy for the last 18 months, it will again grow rapidly because of energy development. The report on Development Finance in the Four Comers Region includes an analysis of Utahs economy and financial markets and recommendations. Alan Henderson, managing consultant, Financial Funding Group Inc., Salt Lake City corporate financial consultants, served as Utahs liaisoti for Belden Hull Daniels, whose firm did the study. These rapid localized booms from utility siting, or drilling are mixed blessings both to existing local small businesses and local communities, the study says. Boom brings new market opportunities for local small business, but it also brings dramatically increased outside competition. Brings Competition It not only brings competition for markets, it brings competiton for labor and land and other key production factors. And, in turn, these supply and demand pressures put a heavy pressure on the management capabilities of the small firm, it says. The report notes that growth brings opportunities, but these opportunities are all mixed blessings. The Utah lifestyle and independent Western spirit are best embodied by the states small businesses. Utah is a home-groweconomy facing growth levels which characteristically attract market challenges from larger firms outside the state. Helping existing residents take advantage of growing economic opportunities through the establishment and expansion of small firms is one way to help assure that the states essential character will retain some of its quality despite outside pressures, the report says. The report notes that in Utah, 66 percent of all firms have less than 20 employees, 77 percent have less than 50. And it say3 about half of all employment can be found in business, retail and service sectors. Utah lacks some of the larger pools of capital that have been used creatively in other states to further small business growth. For example, there are only about 13 companies providing life, accident or health insurance that are headquartered within the state. Together, these firms have only $627 million in assets with 78 percent of all assets concentrated in the two largest insurers, the report notes. It notes that venture capital is in particularly short supply, or, at best, fluctuating availability. There are no Small Business Investment Companies (SBICs) operating anywhere within the slate, the report says. Report recommendations include suggestions that Utahs severance tax on minerals, oil and gas be revamped, that mortgages be better coordinated, suggestions on housing and chi how Utah communities might expand public services to meet population growth as well as small business financing proposals. Significant amounts of oil, gas, metaliferous minerals, and other nonrenewabie resource deposits make Utah ore of the wealthiest states in the nation, the report says. Nurturing Growth Mineral production currently taking place (in the state) is turning those hard rock assets into hard dollar assets that could be of enormous importance in financing small businesses and thereby nurturing the sound growth of Utahs economy, it says. All minerals amount to $2.5 billion in annual production in the state, it says, while the gross yield to the state in 1979 from what amounts to its severance tax was less than $10 million or $6 per capita. We believe that it is absolutely essential that state like Utah should resource-ric- h a world-clasenact world-clas- s taxation policies, the report says. No mineral tax strategy should be considered without having a fairly specific idea of how mineral revenues will be spent. The report notes that there are taxation methods that acknowledge differences between coal, copper and other minerals, between the same mineral in diferent locations and between different mines in the same state. If Utahs taxes on oil production were changed to the approaches used in Alaska, Louisiana and North Dakota, the state could increase its net tax collections by about $100 million annually. Used to Paying Taxes ' If taxes were raised to levels common in other parts of the world, tax collections would increase by more than $300 million each year. If multinational G.l. SURPLUS COMPUTER AREA AND small-busine- n, R I JEEPS TRUCKS PARTS TRUCK TIRES SERVICE WORK ON TRUCKS 298-340- TRAILERS t EQUIPMENT 1 BOYCE EQUIPMENT 51 So. Hy. 89 No. Salt Lake s, resource-wealth-shari- Business Balance Sheet Cwwn (tenntcl the week ended Jan. IS, 10(2. Ronald and Bonnie B. Holt, Brati Buckle, debt not specified. South Village Inc., debt not specified. Noreftien Engineering, Inc., debt not specified. Morris Beecher Myers debt not specified. Todd Gilbert Chatterton, debt not specified. i nomas Montgomery and Joyce Matson Davis Sanford, debt not specified. J. Raid Hoggan (Involuntary), debt not specified. Patrick R. Hoggan (involuntary), uebt not specified. Kent A. Hoggan (Involuntary), debt not specified. Bradley R. Hoggan (involuntary), debt not specified. Gregory John and Clara Ann Radmall, debt not specified. Barry Dehlln, Northrup Construction, debt not specified. Inc, debt not specified. Wildcat Drill! eg Intentions New Wildcat Filings Ouches. County Bow Valley Petroleum Inc., Roosevelt, Powell feet. 11,700 Inc , Bow Valley Petroleum 12,200 Hansen dba ll, Diamond Shamrock, Cedar Rim Fee 12-14,000 feet. Vernal, Lomax Exploration Tex, State Co., Houston, feet. Lomax Exploration Co., State -4- .400. Lomax Exploration Co, State ,353 feet. SHI Lake County Utex Oil Co., Salt Lake City, County feet. Emery County L Energy Coro., Salt Lake City, Santa Fe Federal 2,500 feet. Energy Corp., Santa Fe Federal 2,5uu teet. Maoadcn Enterprises, Salt Lake City, Geyser Dome SE Corporal bankrupted filed In US Dutrlrt Court tor Un during 4J25fet. OerfleM County South Louisiana Production Co., Denver, Clay Creek Federal 14,000 feet. Orend County TE.OG. Corp., New Orleans, Federal 10,000 feet. San Jean C aunty General American Oil of Texas, Seminole, Okie , White Mesa Fed194S-22E-200 feet. eral UnltahCeunty Bearlooth Oil 1 Gas Co., Bil1 IS 24E 6,296 lings. ENI feet. Coseke Resources, Denver, Federal 10,233 feet. BuntHag Permits The following building permits were filed In Salt Lake County and its municipalities during the week ended Jan. IS, 1902. Commercial permits are listed only If valuation exceeds (5004)00. Salt Lake City Stangl Construction for R. and G. Petersen, 445 E. 4500 South, (6044)00 Office building. West Jordan 10 single family residences. one Sandy single family residence. New Intrastate Registration Approvals Utah Securities Commission Industrial Tech Inc., Salt Lake City, acquisition of one or more natural resource properties, shares, one cent, (254)00. Tlbbaron Inc., Salt Lake City, general Investments. 25 million Share, on cent eSMSOS. Rex Restaurants Inc., Salt Lake City, acquisition and operation of restaurants, 4 million shares, two cents. (804)00. December Development Co., Bountiful, oil and gat and mineral acquisitions, on million shares, 5 cants a share, (504X19. 2,5004100 INFORMATION OFFICE The Federal Government will receive bids until computer area and information office, Federal Ogden; Utah. Proiect No. BuildingCourt House, OOO. Bidding cost range $100,000-$25documents available on or after January 15, 1982. Contact GcncTal Ser vices Administration, Contracts Division, Bldg. 41, Denver Federal Center, 80225 Denver, CO. (303) 234-683- Project set aside for small business. VJE7L.JLX T . companies are used to paying the higher tax levies elsewhere, it does not seem that they could claim that Utahs current taxes are confiscatory or that they inhibit oil production, the report says. Through wise use of mineral tax revenues, Utah can help a strong, diverse renewable resource-base- d economy that will thrive beyond depletion of ore. It notes that mineral tax revenues should be used wisely and a portion should help finance communities where the mining takes place. Finally,- the majority of tax revenues should be placed in an- inviolable permanent fund, whose interest can be used to fund current social and economic programs. it says. The report notes that exact tax strategies or expenditures are beyond the scope of the report. The report notes that Utah communities affected will face the need to finance by development additional public services to support population growth. Much of the growth will be cyclical, with municipalities feeling the impacts of a larger but temporary work force during the construction phase of development projects. Low Tax Base d to Rural areas will be particularly meet public service demands because the number and density of past population have been extremely low, resulting in a small tax base; and the demand is such that the timing of growth-relate- d local tax base cannot provide the full revenue needs when demand is highest. . Communities should encourage a greater provision of services by developers as a cost of doing business and should seek state help from the Community Impact Board. ' Other options, the report says, include prepaid property taxes or private sponsorship of public finance and, as a last resort, use of the communitys general obligation and revenue bonding authority. Utah should also create a municipal bond agency, the report says, to extend credit on reasonable terms to smaller communities. Less than 4 percent of Utahs cities have bond credit ratings that are AA or better and 90 percent of the states counties or cities have no bond rating at all. As to housing, the report recommends that the Utah Housing Finance Authority take an active role as packager of local housing mortgages. The authority could issue taxable bonds as - Alaska Housing Finance Corp. has done. hard-presse- This announcement is neither an offer to sell, nor a solicitation of an offer to buy any of these securities The offer is made only by the FVospectus NEW ISSUE Interest when you Open a Continental Bank IRA Account. If your spouse works its worth up to $4,000. Plus well give you $10 Cash if you open your IRA this month. Yes, its worth it to you to open a Continental Bank IRA Account today. Continental Mmb We at iT October 13, 1981 T'V ?r SK- k . ii fT Hobex II, Inc. HOBEX II intends to acquire land in Arizona planted with seed and seedlings of the jojoba plant and to cultivate, harvest and sell the beans produced by the jojoba plant. 9950 Shares of Common Stock (No par value) ... Your job means up to $2,000 in Tax Free i I Price $100.00 per share in units of 10 shares, minimum purchase 5 units. Copies of the Prcpeetus may be obtained from Hobex II, Inc , 1960 Hel- - na Avenue, Reno, Nevada 89512, only by persons in states m which these securities may be lawfully offered :f r WHEN YOURE READY TO GET DOWN TO BUSINESS youre ready for the EDITION Sunday, February 21 st, in i Bank 4 v iitai ... The Salt Lake Tribune! Mj1 This annual edition will take a close look at the Business Community in Utah, and whos new and whos who in industry. But Busings & Industry is just one portion of the EMPIRE EDITION. We will also be making an inspection tour of Retailing, Leisure, and Dining Out. If youd like to advertise your products and services in this section guaranteed to generate increased readership, phone newspaper representative at (801)237-272- 5. FDIC reserve the right to withdraw this $10 offer anytime 4 . |