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Show J 3B The Salt Lake Tribune, Friday, January in 2-- 8 Utah. The Utah Division of Business & Economic Development, the Travel Council, the Utah Technical Finance Corp., the Office of Job Training and the governors office are sponsoring the conference, offering speakers and presentations on economic development issues facing the state. Among the nationally recognized business leaders scheduled to parti-cat- e in the conference are J. Peter Grace, chief executive officer of W.R. Grace & Co. and chairman of the Grace Commission, and Dr. Beryl Sprinkle, chairman of the Presidents Council of Economic Advisors. Mr. Grace, who will speak on improving government efficiency and the findings of the Presidents private sector survey, will be a breakfast speaker. Mr. Sprinkle, will address the conference at lunch on the state of the nations economy. J. Peter Grace Dr. Beryl Sprinkle Salt Lake attorney Max Farbman is general chairman of Economic Development Week. He also serves as chairman of the Utah Business and Economic Development Division board of directors. The division will take advantage of the weeks activities by unveiling a new promotional campaign for the state highlighted by the statement Utah, Of Course. That statement, the focal point of the states new promotional efforts, will be on advertisements in national and international publications, on brochures and television commercials. The Salt Lake Area Chamber of Commerce has also scheduled several activities in observance of the week. The chambers Committee of One Hundred, comprised of local business leaders who have donated time and money to help bring new business to the Salt Lake area, will join with Met ro Utah Inc., an organization of all of the economic development groups from the counties and cities along the a GovWasatch Front, to ernor's Conference reception Thursday, at 7 p.m. at Westin Hotel Utah. Gary Birdsall, chairman of the Committee of One Hundred, noted there will be a Committee of One Hundred meeting Monday, at 7:30 a m. and a general Economic Development Committee meeting on Thursday, at 3:30 p.m. at the Sheraton Triad. The Committee of One Hundred meeting is only open to those with invitations. The chamber also will sponsor tours for high school students of several area businesses Tuesday. The businesses include Young Electric Sign Co., Mountain Fuel Supply Co., Western Airlines and the Deseret News. Gov. Bangerter will appear on a televison program special Monday on the economic future of Utah. The show will be broadcast to approximately 102,000 high school students state wide at 9 a.m. on KUED, Channel 7. The governor will respond to student's questions about the economic development of the state and explain what his administration is doing to try to make jobs available to the students when they leave school. The Utah Travel Council will also sponsor a working session at the Governors conference, according to UTC Director Jay C. Woolley. Blue Cross Forms Three New Utah Companies In a major reorganization of Blue Cross and Blue Shield of Utah, the board of directors has formed three new corporations, including one to serve as a holding company. BCSU Corp. the holding compawill control the operations of all ny Blue Cross and Blue Shield of Utah subsidiaries. The other new corporations are BCSU Management and Development Corp., formed to provide management and consulting services to the health-car- e industry on an inter and intrastate basis, and BCSU Professional Services Corp., which will allow the company to own or to manfacilities. age health-car- e Jed H. Pitcher, president and chief executive officer of Blue Cross and Blue Shield, said the reorganization aims to position the company for anticipated future growth. We anticipate not only future growth, but increased competition in the insurance industry." Mr. Pitcher said Blue Cross and Blue Shields board also reorganized its senior management to better adapt to its future size and lv Bruce Hammond Diiffv 31, 1M6 Economic Development Week Events To Stress Need for Utahs Growth Internationally prominent leaders business and government will team up with state and local business boosters as participants in a week of activities designed to promote appreciation of the need for economic growth in Utah. Gov. Norm Bangerter has proas Economic Declaimed Feb. velopment Week. The weeks activities, which are expected to attract 1,000 business and government leaders, will culminate in the Governors Annual Conference on Economic Development Feb. 7, at Westin Hotel WVrr The board elected its chairman, J. Ralph Macfar-lanposition on the newboard of directors, chairman of BCSU Management and Development Corp. and to president of BCSU Professional Services Corp. Mr. Pitcher will continue as president and chief executive officer of Blue Cross and Blue Shield of Utah. He also is chairman of the Blue Cross and Blue Shield board and president and a director of BCSU Corp. Ronald A. Carnago, a consultant to the board of Sandy State Bank, has been named chairman of the board of BCSU Professional Services Corp. He has been a member of the Blue Cross and Blue Shield board since 1978. In other action, W.L. Houghton, executive vice president of First Security Bank was named chairman of the board of ValueCare, the companys preferred provider organization subsidiary. He has been a member of the Blue Cross and Blue Shield of Utah board since 1975. C. David Kikumoto was promoted to executive vice president and chief operating officer of Blue Cross and Ogden physician to the same ly created BCSU to president and e, Blue Shield of Utah. He has been senior vice president of private market and chief financial officer. He continues as president of HealthWise, the companys health-maintenan- orga- nization subsidiary. Michael E. Tobin was named senior vice president, health-car- e services and general counsel. He has been a practicing attorney for 15 years and joined the company in 1979. YAH... ONE OFTHC5E NEW "ART FICI ONES. ANEW COdPUTER PUFFY? Stock Market Is Mixed Dows 5 Day Winning Streak Ends -- NEW YORK (AP) - The stock market was mixed Thursday in the face of some selling that ended a winning streak for the Dow five-sessio- n Jones industrial average. Property and casualty insurance stocks recorded some of the most notable losses. The Dow Jones average of 30 industrials, up more than 5 points in early trading, was off 6.76 at 1,552.18 by the close. The averages record closing peak of 1,565.71 was reached on Jan. 7. Volume on the New York Stock Exchange slowed to 125.34 million shares from Wednesdays high of 193.80 million. Before the market opened, the Commerce Department reported that the index of leading economic indicators rose 0.9 percent in Decem- ber. The increase in the index, which is designed to detect future economic trends, provided new evidence that growth of business activity remained on track. At the same time, the figure came in below most advance estimates on Wall Street. Therefore, it was interpreted in some quarters as a favorable portent for the Federal Reserves credit policy and interest rates. Despite those positive influences, however, brokers said the market was meeting with resistance from selling by traders looking to cash in on the advance that had carried the Dow Jones industrial average up more than 56 points since the middle of last week. and multiIn the property-casualt- y line insurance group, Cigna fell 4 Vi to 65. The company said it would take a charge of $1.2 billion against its r earnings as a result of an addition to its property and casu-- . ally reserves. Among other insurance stocks, Travelers fell lVi to 48 V2; American International Group 2 to 1 15 V2, and to 21V4. Torchmark, Torchmark 1 which is primarily a life and health insurer, reported lower operating fourth-quarte- Dal-Til- Involved in the transaction are sale of the Interstate outlet at 3037 S. 300 West, Salt Lake City, and lease of another outlet at 860 Wall Ave. in Ogden. Interstate Brick President Harvey Cahoon said the company decided to sell its ceramic tile business because it wanted to focus more completely on the production and sale of brick, its core product. Mr. Cahoon said NEW (AP) basic money supply jumped $3.7 lion in the Federal Dal-Til- e has been Dal-Til- products and believes sale of the ceramic businesses to the Texas company will be mutually advantageous 62. Sara Lee Corp., which reported plans to buy back as many as 2 million of its common shares, rose 2 to 52. $621.3 bil- Re- serve Board said Thursday, but the increase fell within financial analysts expectations and had no effect on the credit markets. The Fed said the measure, known as Ml, rose to a seasonally adjusted $626.3 billion in the week ended Jan. 20 from $622.6 billion the previous week. Ml includes cash in circulation, deposits in checking accounts and travelers checks. For the latest 13 weeks, Ml aver- non-ban- k to both companies, customers and employees. Interstate Bricks largest supplier of ceramic tile for years. He said Intere state has been proud to carry the plus side, Xerox gained U4 The company reported a fourth-quartprofit, against a loss in the comparable period a year earlier, and said it expected "solid results in 1986 and beyond. On to Money Supply Up $3.7 Billion YORK - The nations aged billion, an percent annual rate Interstate Brick Sells Business Operations of Two Tile Outlets Interstate Brick Co. has sold the business operations of its ceramic tile outlets in Ogden and Salt Lake City to e Corp. of Dallas for an undisclosed price, the company announced Wednesday. earnings for the fourth quarter. Elsewhere, International Business Machines lost 1 to 149. The Wall Street Journal reported that a prominent technology research firm expects the company to cut personal-computprices sharply this year. e Bill Cox, vice chairman of reof customer said Corp., continuity lations will be maintained at the two also tile businesses. He said Dal-Til- e looks forward to working with the Dal-Til- employees at the two tile outlets. 11.5 of seasonally adjusted gain from the previous 13 weeks. The Fed has said it would like to see Ml grow between 4 percent and 7 percent from the fourth quarter of 1985 through this year. Analysts said the latest weekly increase, which they generally had estimated would fall between $3.5 billion and $4 billion, was no surprise. Some analysts said the increase compensated for a large drop in Ml during the previous week. This data suggests no shift in Fed policy, said William Sullivan, director of money market research for Dean Witter Reynolds Inc., a New York investment firm. A large increase in Ml over several weeks is considered inflationary and could lead the Fed to make it more difficult to borrow money, thereby raising interest rates, some economists argue. Others say the Fed pays little attention to Ml and concentrates more on broader measures of money, M2 and M3. Now at ZCMI . . . the New Epson Equity I OGceOd ooDiOkOaO Now on Sale at ZCMI POWERFUL PERFORMANCE. UNDER 1000! Epson Equity I is a powerfully productive personal computer at a price thats right. compatible KITCHENAIDS EXCLUSIVE SURE SCRUB DISHWASHER. 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