Show 4A The Salt Lake Tribune Saturday January Maureen Reagan Elected to 24 1987 :The Dow Takes A Wild Ride - Drops 44 Points Continued F rom A-- l computerized strategy in which professionals try to profit from price disfucrepancies between stock-inde- x tures and options and the actual stocks The technique enables them to trade huge baskets of stocks on short not ice Program trading has produced sharp swings in the past This time the effect was more pronounced because of the market's astonishing run up since the year began which also induced many investors to sell and lake profits The wild ride also confirmed the one thing on which most Wall Street experts had agreed: once the market ran into trouble the pullback could be as dramatic as the rally Otherwise the analysts although able to cite reasons why stocks should to fc rising had been explain how the market could climb so high so fast Even the people in the best position io know — the professionals actually moving the market — grappled to explain the rally's intensity “I am absolutely baffled by the whole thing" said Robert Kirby chairman of Capital Guardian Trust Co in Los Angeles which manages $10 billion for clients Before Friday the Dow Jones industrial average had skyrocketed 2(il)02 points or 132 percent since a drive that included a record Jan 13 consecutive gains Unlike many rallies the surge has not been limited to the Dow Jones 30 industrials and the market's "glamhard-presse- d 1 our" issues lirir I Maureen Reagan Some CriticLe Her Election WASHINGTON (UFI) Despite conservative misgivings Maureen Reagan was elected the Republican Party’s Friday — a party former Sen Paul Laxalt said has “way too much money” and professionals and too few volunteers Some party regulars disagreeing with Maureen Reagan's election said the No 2 job should have gone to a woman who has worked longer in the party Conservatives also dislike the fact she supports ERA and comparable-worth pay for women — positions President Reagan opposes But those who have grumbled behind the scenes in the past kept silent in the public meeting and her election was unanimous Answering her critics in the past Maureen Reagan said she has been a Republican longer than her father and has worked seven days a week and campaigned in all 50 states since becoming a consultant to the RNC following her father’s election “There was one person against me on the RNCJ and he voted yes" she said Meanwhile without debate or a dissenting vote the Republicans adopted a resolution designating New Orleans as the site of their 1988 national convention That meeting scheduled for Aug will nominate the party's candidate to succeed President Reagan Since the Republican site selection committee recommended New Orleans on Tuesday the Republicans and Democrats have been sniping at each other over whether the GOP can claim exclusive rights to the city The contract the Republicans 15-1- 8 GOP Co-Ch- air signed with New Orleans requires the city to withdraw from competition to also hold the Democratic National Convention July The Republicans contended they would need six weeks' unlimited access to the Super-dom- e to prepare for their convention Maureen Reagan's election and of party chairman the Frank Fahrenkopf to a third term came at the RNC's winter meeting Laxalt the former Nevada senator and GOP general chairman told a luncheon group the Republicans have "way too much money and we’ve got too many political operatives" and not enough grass-root- s volunteers "There is no substitute for the volunteer route” said Laxalt who did and is now not run for practicing law in Washington 18-2- 1 Calling for more participation by ordinary people in the political process Laxalt said political action committees “can contribute millions of dollars that is going to be translated into television spots mainly negative mainly corrosive” Laxalt also said the Iran arms affair will not hurt the Republicans or the president "How can one problem in a remote area of foreign policy affect the record of Ronald Reagan — one of the truly great president of our time?" he said mag-nifica- nt After her election to the No 2 party post Maureen Reagan said she wants to attract more young people to the GOP "to leave our mark on this party and the American political process well into the next decade" Georgia Governor Calls Out Guard to Protect Civil Rights March - CUMMING Ga (UPI) Gov Joe Frank Harris fearing racial violence ordered 1500 National Guardsmen into Forsyth County Friday to protect Saturday’s civil rights march that may become the biggest since the 1960s “The Guard is here to provide a safe and secure march” Georgia Bureau of Investigation Director Robbie Hanrick told a news conference in Cumming As Hamrick and Adjutant General Joseph Griffin made the announcement National Guard trucks loaded with camouflage-clatroops were north Georrolling into d snow-covere- d gia Griffin said the 1500 Guardsmen would not be armed but would carry riot sticks and wear bullet-proo- f ' vests "We will do whatever it takes — we will have enough people" Hamrick said A rank of the Guard will be in front and behind the 2500 marchers expected for the demonstration Saturday Other troops will stand between barricades separating the marchers from the Ku Klux Klan and its sympathizers “This is a cordon a human chain around the marchers” Griffin said Hamrick would not reveal how many federal state and local law officers will be on duty but said the state asked the Federal Aviation Administration to stop all air traffic over the area so police helicopters can fly over the march Griffin said the last time the National Guard was called out in Georgia was during the civil rights riots in Augusta in 1968 "There’s been noth- - ing of note in Georgia like that since then” he said Klan members and supporters broke up a civil rights march in Forsyth County last Saturday in honor of Martin Luther King Jr’s birthday About 300 Klan members and supporters overran 100 law officers by hurling bottles and rocks at the walkers Organizers of the march vowed to demonstrate again in the county Thursday night a group of Guardian Angels all but one of them black was ordered out of the area after marching 40 miles from Atlanta The state had arranged for the civilian street patrol to spend the night in an empty house trailer in a trailer park alongside State Highway 9 But white residents complained to the woman who owns the park and she asked them to leave Justice Official to Monitor Rights March in Georgia - WASHINGTON (AP) William Bradford Reynolds the head of the s Justice Department’s division said Friday that he will be in Forsyth County Ga on Saturday in an effort to avoid a repeat vioof the Ku Klux s lence that marred a march a week ago “There is nothing more repugnant to Americans than racial violence” Reynolds an assistant attorney general said "The violence is wholly unof last weekend acceptable behavior that will not be countenanced by this adminis- tration” The chief federal law enforcer civil-right- Klan-inspir- civil-right- for civil rights said he will join lo- cal law enforcement authorities Saturday along the route of anoths march in er planned Cummings Last Saturday hundreds of Klansmen and supporters hurled rocks and bottles and mud at a smaller group of people conductmarch" ing an to Cummings through Forsyth civil-right- n County Committee Dispatches Lottery Vote to Early Grave Douglas L Parker Tribune Political Editor In no nore than a half hour a legislative committee dispatched to an early grave Friday a resolution proposing a statewide vote on a constitutional amendment to permit a Utah lottery A split voice-vot- e in the House Revenue and Taxation Committee supported a motion to table the measure by Lake City Rep Ralph R Tate Jr characterized the action Rep Craig M Call as "basically killing the bill" however dirt still wasn't By lt thrown over the deceased since moves to recall the measure could still be forthcoming in the remaining five weeks of the legislative session At the outset the lottery resolution sponsor Rep Arlo D James said he was gratified to at least get the committee's attention since last year a similar proposal went directly to a House floor vote where it was soundly defeated "I’m pleased to get this far" he said But Rep James tried to stave off a tabling vote He contended the committee isn’t asked to actually approve a lottery but only to give people the right to vote on the ral Resources and Agricultural Standing Committee Friday Senate Bill 4 sponsored by LeRay was tabled after McAllister not to apthe committee voted prove the bill Sen McAllister's bill would have prevented the Public Service Commission from establishing special rates for customers eligible for public assistance programs The Lifeline Service was implemented by Mountain Bell Janl The program reduces monthly phone bills waives deposit requirements in most cases and reduces the hookup fee for customers who are eligible Mountain Bell projects 30000 to 50000 customers will apply for Lifeline a company spokeswoman said The company has received 9000 applications for Lifeline since January 3-- 2 The program is being subsidized by an monthly surcharge on business and residential telephone lines Sen McAllister contended the PSC was dappling in social service issues and overstepping its bounds "The proper place to consider this is before the Social Services Appropriation Committee" he said The bill would have left untouched special rates that exist for other classes of customers such as agricultural and large industrial customers "So we are saying we can subsidize a group of customers unless they are poor" said Sen Karl G Swan But PSC Chairman Ted Stewart said "It is not a welfare program It is a legitimate pricing mechanism and we do it all the time " The price of a business telephone for example is more than twice the cost of a residential telephone Mr Stewart said although the cost of providing the two types of service is the same In addition the Lifeline rate will e customers from prevent leaving the telephone network as residential rates increase Customers dropping off the network leaves Mountain Bell saddled with unnecessary equipment which must be paid for by Mountain Bell's remaining customers Low income customers will make at least some contribution to Mountain Bell's revenues albeit at a lower rate — with a Lifeline rate University of Utah law protessor John F'lynn warned the provision specifically singling out one special class customof customers ers is discriminatory Mr Flynn also note telephones are essjitial in emer encies - - - e ‘wo-third- "Consider" Rep James said “it's the people that put us these positions If the committee’s disapproval of a lottery is reflected in the public’s attitude they will kill it Do you want to be the only people in the Legislature to challenge the people?” in The sponsor cited the Utah Poll carried by The Stilt Lake Tribune which last October indicated almost of voters favored a public vote on estab three-quarte- and about supported passage at that time crystallizing objecRep Franklin C Prante tions to a lottery referred to a speech earlier this month by Dallin H Oaks that was expressive of hostility toward such activity by the Church of Jesus Christ of Latter-daSaints He is a member of the church’s Council of Twelve Apostles Rep Prante said he was convinced by the speaker not because he is an apostle but because of his background as a former Utah Supreme Court justice lishing a state lottery two-thir- y House Rejects Bill to Reduce Mandatory School Age to 16 Phone Aid For Poor Is Tabled A bill that would have killed the new Lifeline Service a lower telee customphone rate for ers was tabled by the Energy Natu- s question It takes legislative approval to propose a constitutional amendment for public voting Itlli Day SENATE Bills Bills Introduced SB51 (Cornaby) Amends the ludoes retirement system to Increase the benefit formula per year of service By Senate 22-- BiMs Introduced SB141 (Hillyord) Clarifies reckless driving sales tax exemptions for meats served by schools HB 159 (Hunter) Sales made bv colleges and universities are considered taxable soles HB160 (Knowiton) Appropriate J150000 for a museum at Hill Air Force Base HB161 (Lewis) Include community service workers within the scope of wot kers' compensation Insurance coverage HB16? (Walker) Community service workers are employees of state and local government entities for purposes iof receiving workers’ compensation benefits HB163 (Atkinson) Require creditors to provide consumers with notice of a negative credit report HB164 (Bradford) Real estate division HB158 (Hunter) Revises Passed penalties for HOUSE Bills Passed HB48 (Free) Changes several aspects of unemployment compensation Including contribution rates of new employers By House 62-1- 0 Bills Killed HB11 (Bishop) Lowers the top age for compulsory education from Killed by House (Need 18 38 to 16 votes to pass) Resolutions Killed C Moody) Drops the need to "second" motions on the House floor or In committees Killed By House (Needs 50 votes to pass) HR3 (Wharton amendments Resolutions Introduced (Free) Reauest Congress to amend the Pledge of Allegiance to Include the word "responsibility" HCR6 By Dan Bates Tribune Staff Writer The Utah House narrowly rejected a bill Friday to spring disinterested teens from high school Minutes later Republican majority leaders said they had little inter- est in supporting an "overloaded" education program Both budget cuts and higher taxes are likely to come but any hard decisions precluding final 1987-8- 8 spending proposals are still two weeks away they said Meanwhile GOP Gov Norm said at an afternoon news conference that he sees no rush in having Ban-gert- e his $200 million-plu- s legislation formally introduced until the Legislature "flat out waits for the budgetary) process" to fully kick in "I think we re way premature on tax bills” he said noting it was too tax-hik- early to talk compromise until tax postures lake shape After winning clear House support for four straight years a bill to reduce Utah's maximum compulsory school age from 18 to 16 was defeated Friday by failing to garner another vote The margin was one shy of House majority needed the for passage But sponsoring Rep Rob Bishop was expected try to have House Bill 11 reconsidered later On the House floor he acknowledged that the Utah Senate had kept the bill at bay in the years representatives approved it Yet he portrayed the age reduction as an asset to the student who wants to pursue a diploma in a heightened "academic" setting and the student who prefers outside 37-3- 5 high-scho- House Panel Told It Could Reduce Number Available Bill Expanding Teaching Scholarships Is Tabled By Peter Scarlet Tribune Education Editor A bill opening Utah teaching scholarships to private schools was tabled Friday by the House Education Standing Committee when lawmakers were told the bill could dilute the number of scholarships available Committee members decided to table House Bill 95 and refer it to the Legislature's Interim Education Study Committee for study before the 1988 session The bill s sponsor Rep Donald R LeBaron agreed to this course Utah’s Career Teaching Scholarships designed to attract academi cally talented students into teaching careers in Utah are now confined to higher education institutions HB95 called for including private teacher training institutions as well something higher and public education officials said it recognized the fact that 43 percent of Utah's teachers are educated at Brigham Young University (41 percent) and Westminster College of Salt Lake City (2 percent) The bill also provided for some increases in the number of scholarships and created 75 supplementary stipends But committee members ear- state-supporte- d lier in the week amended it to reduce the number of scholarships back to current levels and slash the stipends on a motion of Rep G LaMoni Rich- ards Lake This amendment created new problems for the bill said Rep LeBaron and higher education officials Cecelia Foxley associate commissioner for academic affairs in the Utah System of Higher Education said the measure would erode the number of scholarships now provided by the program She said 316 teaching scholarships are now awarded by institutions at a tuition cost of lt state-supporte- d But if the bill passed the Legislature without additional funding Dr Foxley said the same tuition budget would provide for only 259 scholarships Wm Rolfe Kerr Utah's higher education commissioner proposed the bill be put off for a year for further study and the possibility of an improved economy that could finance the additional funding needed for its success "The bill s obviously lost its value it's hanging over a cliff by its fingernails" said Rep LeBaron who recommended following Dr Kerr's $380500 Without an age release "the system is just ripping apart” the would-b- e “drop-out- " and turning "those kids and their parents into enemies of education" argued Rep Bishop a high school teacher He said an unconditional age reduction would lift the "drop-out- " stigma from youth whom the system cannot help For the education establishment he stressed "social and financial incentives are still there” to keep pupils in school But Rep Ronald Stephens said he knows of no “hoodlums" l system and clogging the advocated allowing alternative programs to work "in encouraging them to stay " "If you send out a signal out that high school's not important that signal is going out in a lot of different directions" warned Rep Stephens superintendent of the Murray School District said Rep Dale Warner lowering the compulsory age was bound to hike Utah’s 21 percent "duodng school" rate in spite of Rep Bishop's statistical rebuke Claiming HB11 was unnecessary cenRep Warner an ter director noted that Utah law "already give schools the right to remove students from school for continued negative behavior" At a following news conference on "education" GOP Senate and House leaders said lawmakers are gradually examining scores of reforms — fiscal and the systematic varieties — affecting public schools Still major postures on the state's overall budget are some two weeks away about the time subcommittees will yield to the Legislature's Executive Appropriations Committee high-schoo- adult-educatio- n Senate Revives Bill to Move Primary Back to September Date By Paul Roily Tribune Staff Writer The Utah Senate on Friday revived a bill to move primary elections back to their old date in September after Republican officials spread the word in the Legislature that the party is softening its stand against the idea The Senate killed Senate Bill 11 earlier in the week after the Republican-dominate- d group was told during a noon caucus the party officially opposed the concept of moving the primary back from the third Tuesday in August to the second Tuesday in September But the bill's sponsor Sen Karl Swan has been waving the results of recent fapublic opinion polls showing respondents in vor of a September primary 54 percent to 18 percent Sen Swan successfully brought the bill back for another vote Friday and the Senate gave it vote A bill needs 15 a nod of approval on a votes in the Senate for approval Friday's vote simply Itj’Pt the bill alive for 16-1- 1 one more tally If it passes on Monday it will move to the House of Representatives for that body's consideration The Friday vote came after Republican officers moved through the Senate advising the lawmakers that the party is reconsidering its stand on the issue said Greg McDonough executive director of the State Republican Party But it was not the poll results that caused the Republican Party to wobble on the issue said Mr McDonough "It was just a matter of continued discussions within the party ranks" he said "It was a close vote of the executive committee earlier when we voted to oppose the bill And we have had a number of dissenting opinions from legislators saying they just can t go along with the party line on this" He said the Salt Lake County Republican executive committee met Thursday night "and they voted to support the bill” The Legislature toted in 1983 to move the primary electioif date from Sptember to Au gust At the time Democrats charged that the Republicans changed the primary to August because they thought former Democratic Gcv Scott Matheson would run for a third term and they wanted their final GOP candidate to have another month to campaign against the incumbent Republicans have denied that charge and have cited various reasons for the change to August including the claim that it is better to have a longer time for the two final candidates to debate the-- issues than to give the preliminary-candidatelonger to debate the issues Mr Matheson did not run for a third term in 1984 and now the incumbent is Republican Gov Norm Bangerter Although he voted for the August primary when in the House Gov Bangerter told reporters Friday that he had no objection to switching back to September conceding that month "may be better because more people are in town " Mr McDonough said the party affiliation of the officeholder is not and never was the driv ing force behind the party and the Legislature's position on the issue But he did say Friday that the proposal to move the primary to September is a bill" while the move back to August was One political consideration that would argue against moving the primary back to September is "it's tough on the Congressional races” Mr McDonough said "Especially in the 2nd District where it’s always so close it is hard to get PAC Political Action Committee money when you don't have your final candidate until Septem- ber "Congressional candidates all over the country are competing for PAC money and it’s usually all gone by September” Mr McDonough added "That's a consideration” He said Republican Party Chairman Larry Lunt is expected back from Washington over the weekend "and we ll meet again on this issue before the bill comes up on Monday Hopefully by then we 11 have a more clep cut position” j |