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Show Kaiser Steel Reports SI. 8 Million Loss Spfual to The Tribune FONTANA, Calif Kaiser Steel Corp reported a net loss of $1 8 million for the first quarter Monday and blamed it on a continuation of intense for its of 1984 The first quarter results Kaiser just released include a $3 7 million gain from the cumulative effect of a t hange in accounting for certain coal mine inventories and development costs It also includes a $3 5 million gain on the sales of the company's fabricated product group's leasehold interest in its Oakland Yard Net sales amounted to $36 5 million compared to $27 2 quarter Yn Id' tt ASHING ION (AC shoitUim Ticdsury m i.n ties turned down ugiiii m M.m lavs auctions jftei a vt jump The Treasury Depuiiment Mild $7 billion in three month Dills at ,in av 1 age Jim ei nt r a'e of 7 76 pel cent doari tiom 7 8' percent last wetk Another $7 billion was sold in six month including the cumulative effect of the accounting change 2 million for the first quarter of iy85 compared to $1 2 million pretax earnings m the 1584 period of $2 aveiage idle dills at an WASHINGTON - (AP) The na- to climb last year despite falling prices for the fuel and a decline m drilling, the American Gas Association said Monday Michael German, an AGA vice president and the association's chief economist, said the unexpected re- - serve additions indicate that consumers will continue to have a surplus of gas until 1990 unless there is a sudden upsurge in demand for the fuel "We dont see it disappearing German said of the gas bubble that has kept consumer rates flat the past two years w hile spot pro- g New Development Croup Tribune Clears Up Triad Story Transposition of paragraphs rendered unreadable a story in Sundays Tribune announcing the formation by Triad America, the Saudi Arabian Khashoggi familys holding company, of Triad Hotel and Development Group to direct hospitably business. Russell R. MacQuiddy, who has about 40 years of experience in property development and management, has been named president of the group. Mr. MacQuiddy also is senior vice president of Triad America and pres- - ident of Triad Development Company Emanuel A Floor, executive vice president of Triad America, said duties of the new hotel and development in the Salt group, headquartered Lake International Center, will include purchasing, constructing and managing hotels The hotel and development group is the fourth major area into which Triad has diversified. Triads other major groups include real estate, energy and services. ducer prices have tallen by almost Were a whole lot more comfortable that the bubble wont end until the end of the decade In the decade before the government began partially decontrolling natural gas prices in 1979 the nation was replacing through reserves less than half as much gas as it was using every year In the past five years, according to an preliminary findings in an AGA study, reserve additions have averaged more than 96 percent of producone-thir- d of 7 93 h h h 1 y VV h - have about equaled or exceeded production, said AGA President George Lawrence IF YOU HAVEN'T SHOPPED US, YOU HAVEN'T FOUND THE LOWEST PRICES The association, which represents pipeline companies and local utilities, has opposed the Reagan administration's efforts to also remove old gas price controls on produced before 1978 Prices for that gas, now slightly less than half the nations supply, avto one-haof prices erage for new gas drilled since 1978 one-tent- h D5 1965 A May 31 WASHINGTON tAP) deadline has been set for interested parties to ask the Federal Communications Commission to deny Turner Broadcasting Systems applications to ac quire ( BS Inc ormal petitions to deny must normally be filed within 30 days of the initial application Because Turner requested consolidated consideration of his various applications includradio ing those to take over two-waand other channels used by CBS as part of its business the due date has been set for 30 days after the last in Jan 17 1983 dsshoit teimTrea surv bills have been a general downward trend since early last September, when they reached peaks of 10 63 percent for three-montbills and 10 75 percent for bills The new discount rates understate the actual return to inves tors 8 03 percent for three-montbills and 8 38 percent for bills This is the fourth consecutive year U S natural gas reserve additions T, Deadline for Petition In Network Takemer California It became a public company in the 1950s when the old Bellaiua Aircraft i orp then a shell eompanv and no longer active in airiraft manufai ture was acquired lu become a trad ing vehicle The Bellanca name w as changed to Olson Farms Inc Shares now trade on the national over the i ounler mai ket (N ASAD) The Olsun brothers lontinue as members of the boaid Olson chairman John Buffing ton, the transaction will provide sub- weeks ago Those two April 22 idles, in turn had been the lowest since tion May capital to faulidlaU umtmued expansion and develop merit of the i ompany Fifteen veais ago in 0 50 joint v eritui e w Uh the 'A iMnlwar d Brothers, Franklin Idaho the firm oened a majoi egg production plant at River ton I tab The plant vunently nil ploss 15 and at optimum production has 280 IKK) laving hens Olsun ami memkis ot his familv of SRI iHKl new 'hales of Olson 'Uh k at $13 s0 per shau This will UK rease the Olson fain til y s ownership to appioximatelv per cent of the company The firm s origins dale to the 1930s when Mr Olson and his brother 11 Olenn Olson both from Fairview Sanpete County, left Itah tieiause of lav k of job opportunity and founded the business as Olson Brothers Fggs pet ml percent dow n f i orn 8 The rates on three month bills were the lowest vinte 7 62 per cent in the April 22 auction The six month rate was the lowest sinie 7 87 percent also two Natural Gas Reserves Continue to Climb Tuesday stalHldl equity approved a definitive agreement i ailing for the pun base bv G lean 1 1 tions natural gas reserves continued SHi lal to The I nbunc MILKMAN OAKS Cjl.f Olson anils Inc anuoututd its boatd has h w.-i- ccmpanys coal group reported pretax earnings 1 nbune Family Increasing Shares In Olson Farms Ine. Slock ui Itah The salt Lake lls . ' ty, T-lh- Decline inin ifter Sinn t Jump million irestatedi the same time last tai kaisci attnb uled the increase to the diamati inert ase in toai 'ales during the quarter In a prepared release the company 'd.d despite the continued soft domestic ai.J foreign markets ioal sales increased from $118 million in the 1984 lust quarter to $20 6 million the same time inis vtar 1 tie company at tributed the increase to mtcrMiitd m.nkt ting efforts Kaiser operates a coal mine m Sunn .side Car bon t'oen competition coal, fabricated steel products and large diameter pipe The loss compares to net eai nmgs of $351 000 in the first he Short- - I'vrin Come in and shop our complete tine of office products and and discover the overall lowest prices in town. furniture, QUALITY CHAIRS AT BIG DISCOUNTS lf No Vinyl, French ChromeAII Fabric Seams, 5 Fabric Selections BELIEVE IT! 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