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Show jpri ryrr iy Wjjriwryi "rTt ryn t 'H1 f "t1" nnrn ,ri tnymnji yy try T qp"VyiiM if y y fcT'yl"fr'Jyyifyiip y pi -- y nnnip-i- Mining Industry Slowly Embraces If ill U.S. Say This Js the Place High-- T echnology for Efficien cy I and I)ou p n the Slrtl For Another Money Factory? OK W g.vc it vnui bcM jin i hut d A soli, dign.ticd building dbout juii uod 'iju.irt (cut. worth tin' pm (ioscv ( untamed thi'mn A W dii-j- t Ini knows1' pjinin re Mtu There mas bo an i I M o suincd ( tsoiioss to Salt Lake City irpurt No moro than in miles dist.mt lrt ferably within live miles ,md in or so minutes dl IV mu tune the rency foils good and worss will w lure in the world No mistak mg it Cool go s face moans one dollar Abes is a five And its bet n iht wav for a lung time In other parts of the world people cov et American i urrenev as the best lodge against raging inflation that far exceeds that of the Cnited States even in those double-digi- t days Hut lemomber there are othoi i Phoenix. Denver. Las Veios gas Houston. Seattle. Dallas, Pt Worth. Los Angeles, San Diego and now qualified to make Oakland the final pitch to the bureau, notes Luifienco K Goldsmith, urban program director for Ctahs Division of Business and Economic Business and Economic Development But that s still far better than being in the first round of 80 cities considered when the bureau first started looking for a western location last July, he noted The proposals have to reach the bureau by March 7. he said Developers can call him at the state of- .my ho proposed ion, ml or owner is Bui o,i u of Kngrav mu and Print- ing For inure than a century, it has only boon engraving and printing in Washington DC Now it wants to establish a branch The bureau makes the best i m the woild None of that crinkly, tattered and torn tissue that some other countries turn out featuring a profile of the latest dictator, queen, or a people's hero of the revolution Tough, enduring. American cur buieju ih ii lilt-- - tl He attributed this year's projected decline to the Holiday Inn at the Salt Palace. 235 W. South Temple, having been in operation for its first full year, and the opening of the Embassy Suites at 6(10 South West Temple The occupancy rate is not expected to dip below 60 percent, however, and therefore shouldn't adversely effect the hotels financially, said Mr Hire The occupancy level at which hotels can break even is between 62 and 65 percent, depending on the age of the property and other considerations, such as terms of financing, he added According to Pannell Kerr Forster's statistics, hotels in the two downtown Salt Lake City areas posted the highest occupancy rates in 1985 of 66 4 percent in district 1 and 65 9 in district 2. That compares with 67 5 percent and 68 5 percent, respectively, in 1984 Hotels in downtown district include the Westin Hotel Utah. Little America Motel, Hilton Hotel. Sheraton Triad Hotel & Towers. Marriott Hotel, Holiday Inn at the Salt Palace and Residence Inn Downtown district 2 hotels include Temple Square Hotel. Salt Lake City Radisson Hotel. Holiday Inn Downtown. Howard Johnson's. Shilo Inn. Salt Palace Travelodge and Quality-InCity Center. But the occupancy levels at hotels near the airport dropped from 67 percent in 1984 to 59 9 percent in 1985. Mr. Hire said he feels the decline occurred mostly because of an increase in supply of hotel rooms rather than a dwindling market. "The air 1 I Help-Pudge 1 t III attractive proposal is -- 'ritii Sri bnnr Business Saturday Morning 19SH Fein mu the mining industr y how iver say it has not been aggiessive in einbrai irg tci hnoiogy espcciallv high-tecmethods - to operate moi e The payoff Two hundred high-skihigh-paing jobs The average per woi $35 900 yearly Or total yearly payroll of $7 million Count the multiplier effects, and you are talking about a bundle And. oh yes. think of what it will mean to air service since new currency will be flown to the various ( ll s ut elfineiitly at the mines themselves The mining industry, said George Ansell. president of the Colorado Si bool of Mines tus hem slow to look to itself for technological gams Section 13 Page 13 's been a leader in the technology." Dr Ansell said, "in developing pumps, diesel engines and so forth, but it has not been a technological leader in the last 50 years The kind of high-tecdevelopment that Ansell is talking about includes remote sensing and robotics, most of it yet to be tried in the rough terrain where mining is conducted "If there is a tug change in mining technology," said Call Peterson professor of met hanieal engineering at the Massachusetts Institute of Technology, "it will be toward re l systems It mjv have 19th century in federal reserve bank branches One other value The bureau also intends to have a curieney museum at the site Another tourist attraction for Ptah port has the fastest demand growth in the area Rut the supply has come on faster than the demand " To turn that trend in favor of the hoteliers there. Mr Hire said lie would recommend the affected hotels mute-contro- T he diffu tilt env ironmenl he said one reason why high tech lias Lggul in the mining industry Autois - undertake some marketing plan or make some improvements that would make a "competitive difference" m their properties. For example, he said the "competitive difference" at Westin Hotel Utah is the large chandelier in the lobby. Regardless, Mr Hire said he doesn't think any hotels in the Salt Lake Valley will receive so little of business that they'll have to stop operating "You have to remember that a hotel represents a very major investment. An investment in hotels like the Sheraton the advertised price on the sale of the Sheraton was about $88,000 per room "You're not going to let the thing sit without operating it If you're the lender and the operator went broke, you've got to do something, you can't just let it sit. Property taxes go on. So is the interest on that loan. You're going to operate it even if its loosing money." Total revenues for Salt Lake Valley hotels in 1985 according to Pannell Kerr Forster's survey include: $41,494,421 for downtown, district 1. $12,538,687 for downtown, district 2; $7,164,928 for those at the airport; and $6,589 127 for the remaining hotels Medical Center Produces Synthetic Skin New York Times News Service - WASHINGTON Synthetic skin, regarded as useful in the treatment of burns ami ulcerations. has been invented at the Chicago Medical Center of the University of Illinois Abe Widra. professor of microbiology, was granted patent 4.570.629 this week, assigning it to the university The cellophane-lik- e material, which is made from sugar and animal proteins, can be applied like a bandage to exposed tissue, it keeps the tissue moist while offering a barrier to bacteria University Patents Inc., of West-por- into a suivival mode, shutting rmnev and slashing cost-- . One company that has turned tu automation is lnoo Ltd based in To runto lneo has developed "bulk tmn " ing a system that has reduced man power in its nu kel mines Instead of having miners attack small sections of rock. Inco drills big holes into the ore body and blasts chunks loose over a wide area A ci ew some 300 feet below the Orillers then loads the loose material and sends it to the surface for processing lneo s cost improvements have im pressed analysts The company has turned a profit despite the weak nick el market But in general, according to Ansell the impetus for technological change is unlikely to come from the mining industry "I think you have to drive it from the university." he said Professor Peterson of MIT says t hi American Society of Mechanical En gineers is creating the Institute for Innovative Excavation Equipment and Systems to do research and will seek financing from industry Ansell's Colorado School of Mines has set up a center for advanced mining technology. "Once you start looking at mining from different technologies, you probably would not do it the same way as it's done today," Ansell said , i pH system optimizes the mine epilation jivuiding to I eenard J Judd senior v ice pi i sident m i Luge of mining The system developed in loneeit with the UnveiMlv ol Ano n.i also has f een lli el.sed and sold to six mint s elst w liei e AA'e're on the leading edge ut a lot of this technologv, Judd dei lured Occupancy Levels of S.L. Hotels Fair, But Lower Rates Hold Down Profits By Jue Rolando Tribune Business Writer Occupancy levels at Salt Lake Valley hotels in 1985 generally were fair but room rates were stiil not high enough for operators to turn the kind of profit they'd like - In giving that assessment this Week. James W. Hire, a Denver hotel consultant and former Utah hotelier, added that the average daily room rate for Salt Lake Valley' hotels amounted to $45 56. about $12 below those in markets of comparable size - such as Denver. Mr. Hire explained. "The competition is very aware of each other here in Salt Lake City j. much more than some of the other markets. And they tend to be very rate competitive " He said the low rates which area hotels are commanding is probably the main reason one major chain, noted for its luxuriant decor, hasn't come to Salt Lake City. Mr Hire directs management advisory services in the Denver office of Pannell Kerr Forster, an international Certified Public Accounting, hospitality and real estate consulting company. Pannell Kerr Forster has done consulting work for most of Salt Lake Pity's major hotels. During the interview with The Tribune. Mr. Hire based his observations on the Salt Lake Valley hotel industry on statistics his firm gathered. Pannell Kerr Forster divided the industry into four areas: downtown district 1. including hotels charging more than $50 average rate per night; downtown district 2, including hotels charging less than a $50 average rate per night; hotels at the airport, and other hotels in the valley. Mr. Hire noted for the last seven or eight years, there has been a healthy 5 to 8 percent increase in hotel demand in the Salt Lake Valley. Also during that time, occupancy has remained fairly level, ranging between 65 and 70 percent, he said However, in 1985, the occupancy rate for the 7.098 hotel rooms in the Salt Lake Valley dipped to 64.12 percent. Mr. Hire said. "The increase in the number of rooms in the last year cOused our occupancy level to decrease a little. And this year we're " looking for a further decrease the At opei, i h- -, T now will be most (RK tltii upper muu one NM. a i omputer d. drivers m the tier! of 25 huge lo w h.it, v i r shov el I' ,u)v to id tl now consid- Bank Their considers' ion ji h ers its final choices as being prettv even in terms of woik force oil mate, and convenient air transport to get new currency to the various branches of the Fedeial Reserve who makes the .me-- - At w t ol p tucs icgarding where to gel basic details of the bureaus requirements He said the F Cull B-- Ni NEW t. Conn., which represents the University of Illinois, has granted rights under the patent to the Kendall Co. in Boston, which is developing the technology further mating a factory floor seems much easier Nevertheless, the mining industry needs some technological breakthroughs not only to minimize hazards but also to curb labor costs to help it compete with producers abioad Mining in the United States has fallen on hard times Low metal prices have foued the companies Another Record Topples; Dow Is Just Shy of 1,700 NEW YORK i The stuck A maiket soared to new heights Friday with its strongest showing this year, lifting the Dow Jones industrial average to the threshold of the 1,700 level Analysts said renewed declines in interest rates helped keep stock prices rising at a runaway pace. Dow Jones's average of 30 blue chips jumped 24 89 to a record 1.697.71, bringing its gain for the week to 33 36 points Since Jan. 22. the average has risen 195 points Volume on the New York Stock Exchange reached 177 59 million shares, the ninth largest total on record, against 139 74 million Thursday i The market actually began the ge late Thursday, and the renewed buying interest spilled over into Friday's session Analysts said stock traders took their cue from declining interest rates in the bond market. Prices of long-tergovernment bonds, which move in the opposite direction from interest rates, chalked up gains of more than $15 for every $1,000 in face value in Friday's activity. Brokers also said investors were impressed by how rapidly both the bond and stock markets bounced back from a brief setback at mid- The Market In Brief New York Stock Exchange Feb. 21, 1986 up-su- week. There has been much talk on Wall Street that the securities markets might be due for a pause after their recent advances. But to date, any pullbacks have quickly attracted . With all the market's recent fireworks, Fridays gain was the strongest single-sessioshowing for the Dow Jones industrial average since it rose 25.34 points last Dec. 4. n Pushes Oil Below $ 1 4 a Barrel Sell-O- ff - A late afterNEW YORK (AP) noon crush of selling Friday drove futures prices of crude oil and gasoline to significant new lows since the cur- rent slide began late last year. Trading in contracts for April delivery of West Texas Intermediate, the benchmark U.S. crude, was listless for most of the day, then plunged to close at $13.53 a barrel, down 64 cents from Thursday on the New York Mercantile Exchange. The breakthrough below the psychologically important $14 level was the first in more than six years. Late in November, when the current slide began, the same grade sold for nearly barrel $32 per Gasoline prices dipped below 40 cents a gallon for the first time in recent memory. Contracts for March delivery of unleaded fuel closed nearly 1 97 cents cheaper than Thursday, at 39 80 cents a gallon. Regular gasoline closed at 39 80 cents a gallon, 2 40 cents cheaper than Thursday's close. Contracts for March delivery of healing oil edged up slightly to 50.25 cents a gallon from Thursday's 50.22-cen- t close on the Analysts blamed the sell-of- f market's general bearish mood and said no particular news provoked it. Richard Redoglia, an analyst at Merrill Lynch Energy Futures, said "everyones hand was forced" as the late trading picked up momentum "We have had support a lot of times at different psychological levels." he said. "First it was $25 a barrel, then $20. then $15 "When you go through them, jou pick up selling Sellers who don't want to sell hold back on the sidelines until they're forced, then they join the fr3y." he said "You can only wait so HAWKE'S ATTEMPT AT HELPING A YOUNG BOY LANDS HIM IN PRISON! long" Spot contracts for immediate delivery of the benchmark U.S. crude also traded at $13 95, while contracts for delivery in May and June closed at $13 73 and $13 90, respectively. 7PM A" STUDENT. STAR ATHLETE. THE PERFECT SON. HOMOSEXUAL? ONE DAY ONLY MARCH 1st 'Oa. Inventory Reduction Sale Everyones sure Join our Annual Inventory Reduction Bobby is gay. Everyone . , except Bobby. SALE 9.00 AM - 6:00 . PM Welcome Home, Bobbv Selected IBM, Compaq, AMIGA, ITT Computers, Plus Printers, parts etc. Sold at or near cost. We will stack it DEEP for 1 day only Dealers Welcome. Location only! MURRAY CCflO Murriw I mutpfl IPtV TONY 10 BIANCO as tV I, itvr TIMOTHY WILLIAMS as Booty WORLD PRf MURE CBS SATURDAY NIGHT MOVTS 8PM THE 1986 INTERNATIONAL BRITISH RECORD INDUSTRY AWARDS! by Scan-Styl- e i with file drawerjo ttersizerpull-- o pedeeta --sea eneertop 1 I - SADE SAT. (, InternatlonallBusInessilnteriors ti F j--i 6 SouUT9Q0 EasflLSatl Hake OtyX2684000; A Tears for Fears Phil Collins Dire Straits Eurythmics Madonna Stevie Wonder Bruce Springsteen t 1 k I FEB. 22, 1986 PM 8:00 STARRING: fF t TINA TURNfcH i KOOG-T- V Prjvw 'SAir IMF kWE!YE GOTJHE JOUCH cm 1 4 I |
