| Show I'rry jFi - j— -- -r jp yj — ypw Mfl" Business 01r gall Calic Sribunc Saturday p j)iy'faiiggryl"iMBTi Thrift Plan 2 Utah Firms in Race for Space - Motor Pacts The space race not only has en-aged the great powers but an assortment of corporate contractors in the Brigham Wasatch City-base- Divi- sion will shortly top 7000 employees a record - mted Slates Those include two in Utah that 'vauld be the suppliers of the goliath olid propellant motors that will lift i Hercules world leader in lightweight filament wound motor cases was to have seen its filament cases with Thiokol propellant for fuel used as boosters in an unprecedented military polar orbit launeh last July from Vandenburg Air Force Base But the death of Challenger put the polar launch on the back shelf And no new launch schedule has been set But as for and other competitions "We are ready" says Hercules Aerospace Division president Ernest Mettenet The Titan IV - as well as the Della strap-o- booster program — could mean "thousands of new jobs added over four to five years" at Bacchus where 4800 are currently employed he said The Titan IV involves a single modiameter weighing in at tor of about 500000 pounds but with 15 percent more thrust than its predecessor The heavy lift vehicle motors -conceivably 18 to 20 feet in diameter would be used to orbit space stations and in the proposed Strategic Defense "Star Wars'' Initiative Bacchus West on land owned by Hercules and leased from Kenneeott lias sufficient cushion from residential encroachment that should protect it for several years said Mr Mettenet Nut so with Us older facilities where western valley suburbs have slowly engulfed former wheat fields that had long provided Bacchus a safety shield against public harm in (he eventuality of explosive mishap if continued The encroachment says Mr Mettenet could force Hercules to move some of its East Bacchus programs and jobs to other Hercules plants in Texas and West Virginia large-diamet- n large-diamet- -- nd NASA is now considering of Morion Thiokol as well as four other conlractors for improved ersions of the present boosters or new model designs March 31 it will makes its recommendations- That could inledjidti entirely different booster a refinement of the present booster a ornbination of both the recommendation of another contractor for a new booster or as second source for current boosters Though battered by the determma-wo- n that failure of its own booster uiint caused the Challenger disaster And on - - after 24 previous successful launches — Morton Thiokol could till end up as the ongoing and only booster contractor for the launches — After three years of construction Hercules Bacchus West facilities stand ready to are tentatively to resume in February 15)88 But quietly and with little fanfare Hercules Inc which 30 years ago was producing dynamite at a plant at Bacchus in the west side of Salt Lake Valley — is making the grand plunge into the motor competition This month after three years of construction it will begin operations n at its “Bacchus West” facilities on 4500 acres on the flank of the Oquirrh Mountains Hercules is not only competing to produce the big shuttle booster motors but motors for the Titan IV and for the Heavy Lift Vehicles where di which - then-isolate- d $140-millio- ameters of - sub--idiar- y -- He said they and the employees of other Borden business units were honored for devising and implementing ideas that showed the greatest improvement on return of stockholders' equity and profitibility "We think this had a very positive impact on morale” said Mr Riss It's one thing to give a handshake but quite another to say ‘Great job " jrid heres our way of showing it‘ 12 The winning business units 13 are located at 35 plant locations across the U S and Canada Borden operates more than 100 business units Mr Riss said Borden allocated $1 million to be divided equally among 992 employees at the 13 winning business units He added “We asked people in distributions manufacturing and sales to come up with ways they could do We their jobs more efficiently also ran our own internal contest to TABLES to tc X c CHAflS STOOLS feet are hypothe- Hercules has long been in solid propellant motors since it turned the dynamite works into a major plant to produce second stage and first stage Minuteman motors in the late 1950s But it has yet to produce any motor the size of Morton Thiokol’s 12 foot 1 pound seg- mented booster motor — still the world's largest is the Titan Motor which at diameter weighs half as much and has half the thrust Assuming all goes well: NASA will fly five shuttle flights in 1988 10 in 1989 11 in 1990 and 15 in 1991 It ten Next-large- st 10-fe- New Stock Exchange York Feb 27 1987 UP tatively has eight committed lor 1992 A set of new boosters runs about $25 million According to NASA news chief Dave Garrett NASA assumes Morton Thiokol boosters will be used in the launches at least through 1990 or 1991 Reason No one can do the design and performance testing of an alternate version in less than three years In the meantime gearing up on a variety of programs — including resumed booster production Trident II first stage the Peacekeeper first stage Trident second the Navy standard missile and the Navy Air Force HARM missile — Morton Thiokol s - VOLUME 863 - er Dow Continues 1987 Surge Ending Month on Upswing The Market In Brief reward employees for creativity and ingenuity" Clover Club one of the eight regional companies comprising the Borden Snacks Group manufactures a full line of what is referred to in that business as "salty snacks" They include potatoe corn and tortilla chips cheese curls pretzels and dips Clover Club was sold to New York-base- d Borden by the Hod and Clover Sanders family in 1983 Mr Riss said Borden Snacks Group claims 80 percent of the US market Borden Inc whose sales topped $5 billion in 1986 is a diversified company which also markets pasta glue and even wallpaper NEW YORK (AP) The stock market struggled to a small gain in quiet trading Friday capping its second straight advancing 142800000 0 month IUNCHAGtO ISSUES The Dow Jones average of 30 industrials rose 731 to 222399 reducing its loss for the week to 1125 points For February the average recorded a 6595-poigain on top of its 262 upsurge in January Analysts said investors were encouraged by the continued strength of smaller “secondary” stocks lately even as many of the TRADED O 1986 DOWN 682 blue chips have bogged e down But they also noted cause for pause in some of the recent economic news On Thursday the Commerce Department reported a large drop in new orders for durable goods during January Friday morning the Labor Department said its revamped consumer price index rose 07 percent in the same month for its biggest increase since June of 1982 Wall Streeters had been expecting a pickup in the reported inflation rate given the rise in energy prices that occurred early in the year American Airlines Scraps an Attempt to Cut Discounts it NEW YORK (AP) - American in Air- lines historically a leader setting fares has scrapped an attempt to reduce the industry’s deepest discounts because Texas Air Corp and other competitors refused to go along Airline executives and analysts said Friday that American’s retraction reflected the enormous market strength of Texas Air the biggest US airline operator as the parent of Continental and Eastern They were the first to implement the “MaxSaver” 80 percent discounts good from Feb 1 until May 20 TABLES CHAIRS STOOLS TABLES Texas Air’s effectiveness in influencing the fare structure also raised the possibility that the bargains may persist into the summer months historically the busiest season for airlines "Continental and Eastern deserve credit for being the innovators” said David Sylvester airline analyst for Montgomery Securities Inc in San Francisco “American gets the party-spoilaward for trying to keep the experiment from taking place” Under the discounts passengers er can fly almost anywhere in the continental United States for prices ranging from $19 to $109 but they must purchase roundtrip tickets at least two days in advance and stay over one Saturday night Also the tickets are and availability varies widely depending on how traveled the route The restrictions make it difficult for business travelers the airline industry’s most important customers to benefit from the bargains Major US carriers immediately copied Texas Air’s discounts But in American said mid-Februa- planned to increase the cheapest fare by $20 each way starting March 2 and raise the advance purchase requirement to 30 days United Trans World and Delta initially indicated they would follow American’s lead hoping to pressure Texas Air When Texas Air refused others said they were compelled to keep the deep discounts or face losing business American said late Thursg day it would abandon the effort fare-raisin- Still Dp In the Air By Steven Oberbeck Tribune Staff Writer When legislators last November appropriated $5 million for use in bailing out the state's five failed thrift companies they indicated the money could be used in liquidation of the companies And those millions aio still avail able despite the failure of state lawmakers Wednesday 'o consider legislation that would have defined in greater detail how the $5 million eould have been used "It would have been mee if the Legislature had passed the new legislation dealing with the thrifts and the $ a million before it adjourned" said Elaine Weis commissioner of the Utah Department of Financial Institutions That legislation she said would hjvt simplified procedures that the department will now have tw go through to use the $5 million "But just because the bill wasn passed Wednesday doesn't mean the $5 million isn't available The Legislature appropriated the money in J special session and said it eould be used for reorganization or liquidation of the thrifts" Mrs Weis said Stephen Medium Gov Norm administrative assistant fot regulatory agencies said "As I read that legislation the $5 million war made available fur a liquidation " Still there is concern in the gover nor's office whether the Legislature will look kindly on using the $5 million if the possibility of u payback it diminished by liquidation “Were looking very hard at the of the bill When originally presented to the Legislature back in November it was represented a strong possibility existed that" the $5 million would get paid back Mr Medium said He said part of the governor's intention in having the thrift bill submitted at the legislative session was to make clear to the Legislature that repayment of the $5 million is less likely under liquidation The bill centered around recommendations of a governor-appointe- d committee charged with exploring options to the thrift crisis Specifical ly the committee recommended that the $5 million loan wuuld be repaid only after depositors received back 80 percent of their deposits The state has projected that under liquidation depositors would loss anywhere from 60 percent at the weakest thrift companies Charter and Copper State to 36 percent at the strongest Interlake Thrift So under liquidation the possibility that the state would get paid back is rather remote under that scenario But there may be ways for the state to use the $5 million and still have a reasonable chance of getting paid back according to Mrs Weis “One thing that we are considering is turning over assets of the thrift companies that will have little or no value in a liquidation to the state' she said Those assets which for example might be in the form of real estate say 40 acres of land in Orangeville could conceivably be sold by the state in future years when land prices or value improves Mrs W’eis said Proceeds could then offset the $5 million The thrift companies — Interlake Western Heritage Commerce Finan cial Copper State and Charter on hand $13 million in cash The $5 million would significantly affect the amount depositors receive under an initial cash distribution Ban-gerter'- s - now-hav- ARE YOU Good Personable Salesman? A Motivated A Quick L earner? Looking for a Career Opportunity 7 A BAR STOOLS! O O r- CO FROM $5900 to UJ 18 to 20 diameter Tribune btdff Phoo by Pick Ega solid propelcompete for motors US for future lant space missions large-diamet- sized Clover Club Workers Gain Bonus Cash From Borden Special to The Tribune KAYSVILLE Borden Inc has hared its success in 1988 with its Clover Club Foods based here in what its vice president and general manager described as "a meaningful way" Raymond Riss said Friday that Borden is paying $502 to each of Clover Club's full time employees as of lulv 1 1986 1987 Page 9 Section B lip and Down the Street future military and commercial payloads into space In Box Elder County is the Wasatch Division of Morton Thiokol Inc whose pioneering in motors by its former president Harold W Ritchey has made Wasatch Division supreme in the world of big olid motor producers The Challenger shuttle disaster however last year laid waste to ears of Moiton Thiokol dominance 28 Morning-Febru- ary - agency needs tn cover our piumomg water systems proc1 Imev piping with wholesale contractors & industry helpful This is a which will generare growing temto-consideraOle income from the right person s dedicated efforts If you can answer yes to the atxive questions enjoy challenges and are wilting tu work up from a tow initial Dase SI’J0mo ) mfg- s rep SIC salesman Denver-Base- d exceptional & CD — tol oo CALL 303-825-07- 09 sTTs 190 E 190 E 190 D 190 D 260E 300E 300D — TURBO to 23 26 25 25 TURBO m to ac r x o o COMPATIBLE CD 8 mhz Turbo 640 360 TTL oo to SEC Ram Mono Video CD K FD $659 PRINTER'S to ac 560 300TD TURBO Monitor Keyboard DOS Only v— h each: 1 to K sninrv 300 SDL " nuirrrirr? 560 TURBO ? 420 sel SL vifTEJi PANASONIC i080i(io) x 120CPS NLQ 24 CPS o CITIZEN to CPS NLQ 40 CPS 1842 South EVEREX Sat $125 Lake Data Systems 11-6 $429 300 1200 Baud Internal 972-413- 4 io-- MSP15(15") 160 MODEM Redwood Rd Mon Fri $239 We sell repair Cables chairs stools too1 parts tables chairs 22787 5 stools tables 4424 South 700 East ' Sulla 290 266-772- 0 Enjoy The Lowest Prices During Our New Showroom Construction Just Make Us An Offer On Anything In Inventory You’ll Be Delighted You Did IT IS NOT EXPENSIVE TO EXPERIENCE — THE LEGEND OF Find Out Why We Sell More Than 75 All Benz In Utah! 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