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Show 14C The Salt Lake Tribune Friday, January 18, 1 (85 prfMr-?- BViiiJ'liVia V Today in Business nn ninrl P ut&70 11U11U1 lU 1U1 V7 T-- T JL T M. lifes OvUiiunai uuUtcIliUll president of the Home Builders ciation of Utah. He also has been chairman of the Utah Advisory Coun A multiple purpose commercial complex planned for Sandy was one of the largest projects in the country to enter the planning stages last week. $100-millio- work. The announcement Engineering was made by a News-Recor- l weekly construction magazine. The Sandy development, planned by joint venture of Turnmar Develop McGraw-Hil- He has served as a manpower mittee chairman of the National Association of Home Builders and as com- EMI Fiscal Losses Down From Last Year For its second quarter, however, EMI recorded a net income of $30,676. Burnett, Stevenson & Associates and MartinWilliams. He also has worked on a wide variety of accounts, such as Procter & Gamble, United Airlines, Union Oil, Arbys, 3M Company and Ralston Purina Co. Mr. Fallon is a past member of the board of directors of the Minnesota Chapter of the American of the Northwest Council of Advertising Agencies Media Task Force; Advertising Age media faculty member. He also has served on the faculty of the University of Minnesota Graduate School of Business. or 68 ment Group, Denver, and Collier Management & Development, Salt Lake City, helped place the value of the projects that went to the drawing boards of architects and engineers during the second week of the year, at $3 1 billion. That figure, added to Engineering backlog of construction planning, amounts to $6 4 billion, leading the same two weeks of 1984 by 12 News-Recor- AMAX Hopes to Improve Other Facets Continued From Page opment in 1985 of new proprietary magnesium products and increased sale of salt, calcium chloride and magnesium chloride, all of the magnesium-makin- g process. He said AMAX is already working on a new magnesium product for the iron steel industry. I dont think well have any trouble this year trying to maintain sales. The sales department, though, has a real challenge to meet the sales price because of the strong dollar, said Dr. Toomey. A stronger dollar gives AMAX a lower return on the magnesium it exports, he added. Notes Small Profit Mr. Schultz began his review of 1984 by noting AMAX Magnesium made a small profit for the first time in its history. However, he said, "this result should be tempered with the understanding that over 70 percent of this profit came from an insurance claim that was paid as a result of the breach of our dikes. The breach he was talking about occurred in May 1983 and damaged AMAXs north dike. The cause was lake flooding as a result of heavy rain, which began pelting the Was-tac- h Front in September 1982. Dr. Toomey said between 10 and 15 million cubic yards of dirt was required to repair the dike. He said the cost was about $15 to $20 million, some of which was covered by insurance. In Excellent Shape C-- ll " , $33,780,755 or 54 cents a share the same time the year before. The companys 12 month operating revenues amounted to $968,269,379 compared to $854,898,018 the same time the year before. Outstanding common shares for the 12 month period amounted to 53,193,658, compared to 51,681,716 the same time a year ago. Light Co. announced Friday its earnings per share increased the yeair ended Dec. 31 to $2.42 from $2.39 the year before. The increase translates into net of $149,779,572 up from $144,471,773 the year before. For the quarter ended Dec. 31, the utilitys net earnings increased to $41,983,951 Utah Technical College at Salt Lake Marketing Association; past UP&L Share Earnings Up From Last Year & Educal tion and the Institutional Council of home-buildin- chairman H Utah Power L NEW YORK (AP) Airline issues . jld off sharply in an UAL fell 27i to 45Vi; Delta Air Lines 2V4 to 43; USAir session Thurs- Group l4 to 35; Piedmont Aviation l34 to 337k; NWA 1W otherwise mixed and drifting stock-markto 43, and Trans World Airlines to 117. day. The Dow Jones average of 30 industrials, down about 7 Among aircraft manufacturers, Boeing dropped 1 to points at its midday low, closed with a loss of 1.99 at 524 and McDonnell Douglas 7i to 727k amid some conjee 1,228.69. ture that new problems for the carriers might slow orders Volume on the New York Stock Exchange came to for new planes. 113.55 million shares, against 135.52 million Wednesday. The weakness in the airline issues sent the Dow Jones The airline stocks hit a downdraft after American Air- average of 20 transportation stocks down 10.52 points to lines announced a broad discount-far- e plan, raising the 584.70. Before the market opened, the government reported in the new of industry. Many prospect price competition of Americans competitors said they would match its new that housing starts rcse 2.1 percent in December to a seasonally adjusted annual rate of nearly 1.6 million. fares. Shares of Americans parent company, AMR, tumbled Lower interest rates are beginning to revive g 17k to 354 after a delayed opening, and led the active list activity, said Malcolm Baldrige, the secretary on turnover of nearly 4 million shares. of Commerce. Advertising Federation Meets Friday Patrick Fallon, president of Fallon McElligott Rice Advertising Agency, Minneapolis, will address the Utah Advertising Federation at a noon luncheon Friday at Westin Hotel Utah. His topic is, The Big Issue. Cost of the luncheon is $7.50 for federation members and $8.50 for guests. The agency Mr. Fallon works for was named Advertising Agency of the Year in 1983 by Advertising Age magazine. Before joining that firm, he worked with several other advertising agencies, including Leo PRE-SCHOO- Vocational-Technica- Airline Issues Fall in Mixed Session $262,222. er VALUE OF A MOTHER OF TWO CHILDREN Stocks Hit Downdraft The company said its revenues for the half declined to $170,946 from first half revenues one year earlier of EMI Energy Corp. has reported a loss of $49,085 for the first half of its 1985 fiscal year. One year earlier the company posted a first half loss of $108,828. cil for by Brendan Boyd Sandy Project Among Nations Largest The association, a national organization of more than 47,000 professional vocational educators, also cited Mr. Prows for his work in developing programs to improve the image of vocational education. years, he has V Asso- Among the points Mr. Prows emphasized was that the first priority of the total education system should be helping students prepare for their He accepted the award at the associations an . al convention in New t Orleans, La. The association recognized Mr. Prows for his long history of being an advocate of vocational education. 20 ovlr ir VI 11 ill spoken often about the subject to business people, legislators, educators, students and parents. Richard S. Prows, president of The Prowswood Corp., has received the American Vocational Associations Award of Merit for outstanding contributions to vocational education. During the past 7 cents a share from Diamond West Joins With Pyro power Diamond West Energy Corp. to obtain any construction contracts. Diamond West claims it is in negotiations with five utility companies, contract engineering firms and financing sources. Under the agreement with Pyropower, Diamond West will be provided with technology for a circulating fluid bed boiler, the company said. Pyropower is a U.S. based subsidiary of A. Ahlstrom Corp., a Helsinki, Finland company. through its Diamond West Energy-Sagamojoint venture, said it has entered into a five-yeagreement with Pyropower Corp. under which it will receive technical support for the planned construction of up to 80 small power plants on the East Coast. The joint venture announced in December it was planning to construct power plants for utility companies in the e iSL Though it admits it has yet re ar Auto Dealers Honor Retired Director Don Morgan, president of the Special to The Tribune John A. Burt, who BOUNTIFUL retired after 30 years as director of the Utah Motor Vehicle Business Administration Wednesday, was honored by the Utah Independent Auto Dealers at the Utah Auto Auction, - er state association, presented this time, said Dr. dikes are in excellent shape and will be able to withstand the increased lake level this year. AMAXs management also feels the Rowley operations will be able to harvest enough brine with a 5.8 percent level of magnesium through at least 1986, said Dr. Toomey. The plant previously was equipped to process brine with 7.2 percent magnesium. But last fall, because the Great Salt Lake had risen so much and dilluted the mineral content. At a plaque to Mr. Burt, who oversaw the licensing and regulation of dealers in the auto industry. Following the Thursday presentation, Mr. Burt was the luncheon guest of Leon Jarrett, general manager of the auto auction. 1650 W. 500 South. Hercules Shares Go on Londons Stock Exchange The London Exchange Council admitted all of Hercules 60,218,233 shares of common stock of no par value to the official list. Hercules Incorporated, whose aerospace division is headquartered in Murray, has obtained a listing on The Stock Exchange in London. Too-mey,o- AMAX decided to alter the plant to of process brine with 5.8 percent magnesium. To extract magnesium, AMAX has ponds which use solar evaporation to remove impurities and increase the mineral concentration in the lakes brine. The brine is then dehydrated and turned into powder, which is then of Operation melted and further purified to remove more water and some magnesium oxide. Reduced to molten magnesium chloride, the material is then transferred to electrolytic cells where it is separated into magnesium metal, a liquid, and chlorine gas. Dr. Toomey called the Aug breaching of the Southern Pacific causeway a positive occurrence for AMAX. For 25 years, the causeway divided the lake into a north and south section and was the subject of intense legal discussion and court battles. Mr. Thomas Intermountain Area Tradewinds Zions First National Bank has promoted Mark D. Thomas as underwriter in the municipal finance department, F. Dwight Marchant as second vice president and Michelle Spence as operations officer in the 700 East branch. Mr. Thomas joined Zions David R. Burgin to assistant vice president. Regina E. Thomassen hasioined the collection division as collection supervisor. Thomas J. Quinlan has moted joined the company as corporate counsel for each of the after two years companys respective divisions, subsidiaries and Securities as a financial analyst. with Prudential-Bach- e Mr. Marchant joined Zions in 1969 and has served in various capacities. Ms. Spence has previously served the bank as teller and head teller. She was assistant operations supervisor just before her recent promotion . . . Tanner, Brunson Company has announced that Margaret s. Wickens and Bryce Olson have become Kent Christensen has been promoted to supervisor of the companys Ogden office . . . The ConsoTdated Companies, Salt Lake City, has pro officers-stockholder- affili- ates. Consolidated recently relocated its administrative offices to 141 E. 100 South. Robert R. Norton has been appointed vice president, investment manager of American Savings. He will manage Americans portfolio and hedge liabilities in the futures market . . . John Patrick Longfellow, a former resident of Park City, has been named western regional sales manager for Rockresorts, Inc., the hotel management company of Laurance S. Rockefeller . . . WINTER CLEARANCE ( FIREPLACE ACCESSORIES' Firebacks, steamer, tongs, rugs, pokers, trivets, crains, pots, bellows, brassware and gloves. 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