Show a4Ottaindlillimoromonemmilmiatim ' t 1444 1 ZhtiigattfakeZtihnnt I 1 4 4 USN fpA i 1 4 - I ' 1 Business: Desk: 237-205- I 1 mono ighs & Lows ' ) rls A ANIIMENNIMIi Thiokol Says 300 More To Lose Jobs eclipses the previous mark of is- - 5 Advancing Dow Jones Index sues outnumbered declines by about al stocka 3501 3 to 1 on the New York Stock Ex- 3451 change Volume on the floor of the 3401 to came Board million 27456 Big NMI 335 shares at the closing bell up from 3301 Inr 24713 million in the previous ses- r 3251 sion Continued firmness in the bond 3201 market encouraged Monday's buy- 315' interest rates ing With long-ter3101 well below 7 investors moved out 3051 346942 of bonds and into stocks analysts 3001 Up 6484 Fri2said Adding to the pluses was 951 day's strong February unemploy23 10 22 1 ment report The jump in nonfarm Mar Feb Jan Press SOURCE payrolls was more than twice what economists had expected Early on the market received impetus from gains abroad Sprint rose 1 to 3078 in heavy trading ahead of the telecommunication company's merger with Centel Corp today AT&T rose 214 to 583A while Compaq rose 37i to 48 after the company cut prices and unveiled new merchandise Philip Morris fell 1 to 63 Index I I industrial Er - ' ' - - 1 Assocualed ' Around the Nation FARE SALE STILL FLYING: Major airlines extended a leisure fare sale Monday giving travelers until Wednesday to buy tickets It was the second extension of the discounted as much as 40 sale originally set to end March 3 Travelers have until June 30 to finish their trips Tickets have to be bought at least 14 days before the trip and a Saturday night or Friday night stay is required ' ' ! l''' CI CREDIT FIRM COULD USE THE CASH: American Express Co plans to raise as much as $12 billion by selling more than half of its 54 stake in First Data Corp its credit-car- d processing arm travel and finanthe company announced The New York-base- d cial services company said it will sell 32 million of its First Data shares Underwriters have an option to sell an additional 32 million shares American Express said it will use the $11 billion to $12 billion in proceeds for general corporate purposes Around the Region LOOKING GOOD FOR MURRAY: Good Looks Skin and Hair Care a beauty salon and supply outlet opens its first Utah store at 5979 S State Murray on March 22 The shop is owned by Bruce Palenske former owner of 42 Little Caesars Pizza franchises in Utah Good Looks opened in northern California last year with plans to open three outlets in Utah 2200-square-fo- ot Around the Area MAGAZINE TO CHANGE FORMAT: Utah Business magazine a Salt Lake bimonthly publication is changing its cover and format in its March issue There has been a delay in producing the March issue because of the changes and it will replace the issue The new cover was designed by Ranusual February-Marcdall M Moore of The Graphic Solution Inc West Jordan City-base-d i I ' 4 i 2 1 —s 4 - - : Your President Clinton's proposed energy tax — expected to raise $72 billion over five years — will make it more costly for Utahns to heat homes turn on lights and drive to work Under the Clinton plan coal natural gas electricity and other forms of energy would be taxed at a rate of 277 cents per million British thermal units (Btu) That amounts to a tax of about 4 cents a gallon of gasoline A Btu roughly is the amount of energy found in a wooden match After a year the tax on crude oil and refined petroleum products would be raised to 599 cents a million Btu or $347 a barrel Gasoline would go up about 75 cents a gallon This impact affects more folks than just those at the corner gasoline station Ardell Brown Recreational Vehicles 9200 S State Sandy sells motor homes with fuel tanks of up to 80 gallons at 11 miles per gallon or less "When gasoline was $130 a gallon our business dropped way off Who wants to pay that for gasoline?" said Angie Christensen office manager at Ardell Brown However John Ashby owner of Intermountain Sports RV dealership Murray is optimistic "If it is 5 cents or 10 cents it won't make that much difference 0Jzattet Demonstration§ Welds: 09 Your Animation Titling and Graphics -- ! New ultra-higmultisam high-outp- SVOITMPAS tell ha $25 Call ($0!) worthwhile need these unsecured loans offer flexibility and competitive rates with no collateral needed justyour e - III oraineocan L Salt Lake City Office 6985 Union Park Center - It I p - 1 MiOvale Utah 84047 Express cornoTi D' Member FDIC s ILZURKIN a ashisems liMtEZ111 ar 1 I 111M111143011111111112141111111311111 0 405 395 385 414 $l 0000 40430 $9999 - $2499 394 I I Months trrittlekli acv -' " 6 51re 523 I CD Nktiosstu I 400 408 Months -- — Call or come by Great Western Thrift and Loan for information or to establish your account today Rates are subject to change without notice A M® Great Western Financial Company 12 - Member FDIC 81 West 3300 South Salt Lake City 467-70- 29 Highland Dr Holladay 272-01- 50 2417 Grant Ave Ogden 394-42- 24 011 FDIC 7 -- IMP a 0thl C7et ittetirellt 4 5 5 70 4 6 5 A Annual Rate 6 - months or longer you can receive monthly quarterly semi- annual or annual interest - 1 -- I 1 1 II: 0 ( IF 20-olitnoveart- Annual Yield tiro too i 4360 t115 A Annual Yield' Annual Rate - L ' - ''' 4 a eoi checks Colonial National Financial Corp is a subsidiary of ADVANTA Corp a $17 billion financial services organization with over two million customers nationwide --- a IL 41 - Customer Service Representatives today to find competitive CD's Or stop by any weekday from Call one of our knowledgeable I 1 ki t a and Also compare the return on our FDIC insured certificates of deposit Cali us for other attractive CD rates daily Also on - saw? 111 so A Great Western Thrift and Loan Money Market Account offers a high return instant access flexibility and is insured by the FDIC at full value up to $100000 competitive and they're insured up to $100000 by the FDIC We offer a 4 y4 I TM vo 1 :614 aall - 7- I II Compare our Money Market Accounts They are currently paying a higher return than many other financial institutions' to CD's Our CD's are highly t Deposit Corp I interest is compounded good credit For nzorr information call IDS I - Soli - IT MONEY MARKET ACCOUNTS certificates of 11 a NMI annuliila11 111W 4659 065757 - t -- via— m MI 11111 more to 7 NC If w II IF riz gt - 71rIt iv 112111 II I variety of terms from to 36 months and I Mr on MEM III 11f I 1 ttttt MON ttttt comt wimp ou 01 svanza iv I GREAT WESTERN 1 For debt consolidation emergency funds or any nes resolution and projectors FROM SHARP I - Oh OW QICTii Full AB roll desktop video with digital effects and alpha channel aiiiimmor li 137500 -- gag CD fulkolor full-screen video recording to and s and opticals from A A Ragittratlea Requirol Ronlotratiso - --- - collateral 1ILI75APR"" Igg $ Digital SHARP 44PN TV Specialistsinc woe° noway Advaaae we need Ogg Great Western Thrift and Loan NILOCIDAENA --a- Nationally the US Department of Energy estimates a family of four earning $40000 a year would pay an extra $120 a year above the $2600 it pays for heating lights and gasoline All this talk of an energy tax is the last blow for one recreational-vehicl- e dealer Owner Dick Ever-il- l of Hillside RV sales St George is leaving the business "With the price of gas increasing there is nothing left there anymore" he said 2500- - firet-hothe Pew toehaelegles ter: Tralog Morkation eppertuoity to Iwo aoi lee Sales Promotion flostroolo Prom:MIK lisostios sod 2 otortsiomoot AND a:a Now for 1993: A Ala displays for IDTV and HDTV Non-lineEditing for videotape Digital Quicklime movies and Video for Windows is all the I HMI MN maINI i'MULT1MED1A P $140 million or 5 on monthly bills II II & a 1 MEM mituarion a IN r Oil a I to tiaaaa11111111 fI I I II I MIMI II Own aI II WNW II I I I II i g a IN I NNW amyl I I w AliMI I SOWN g — g a Is I IIg IN EOM Ii a MN AIII III - Visienim '93 Desktop Video Systems and Recorders 3-- - 03004—( s L-- s If it is 75 cents or $1 a gallon then it will" he said Utah ranks second in per capita ownership of recreational vehicles behind California On the home front Mountain Fuel's Utah customers could pay an additional $2956 a year for natural-ga- s service That would wipe out the benefits of two Mountain Fuel rate decreases last year averaging $3011 At Utah Power spokesman David Eskelsen said the utility expects an increase for retail customers of from $110 million to Thursday March 25th Salt Lcdte City Red Lion 2D 0 1gra 1 - 11:4''''?' SEIVITITAIZ A A A A f — By Robert Bryson DEsKToraviofosAN lel ! 1 h Topic - -- - VL THE SALT LAKE TRIBUNE air-ba- g LCD and CRT Large-screVGA Mac Sun NTSC '- t -1 - Utahns Will Feel Impact of Proposed Energy Tax x crop-protectio- n - 424' rt Steve Grafi& The Salt Lake Tribune same number of motors required for seven to eight flights a year Mr Lawson said Further layoffs are likely "until such time as our work on the Peacekeeper program is completed which will be by June 30" He said it is too early to tell the exact number Brigham City businesses are bracing for this latest round of Thiokol layoffs "We have not seen much impact on our sales-tareceipts from the earlier layoffs but we know the impact is coming" said City Administrator Roger Handy On a brighter note Thiokol on Thursday demonstrated a new rocket motor that eventually may be used for civilian satellite launches Byron Hansen of the Hansen Motor Company in Brigham City speculated that much of the adverse impact from Thiokol's layoffs are being offset by workers finding employment at Morton International's growing automobile operations in northern Utah products has delayed introduction of compatible its new bioinsecticide Azatin The product rollout will be postponed until later this year to ensure that there is enough azadirachtin the active ingredient to meet demand t -x 1 i it Ardell Brown knows sales of Recreational Vehicles at his Sandy lot could fall if energy taxes rise But l :ti -A w-- s NASA has asked Thiokol to cut costs while still delivering the i-ta- - 'notionmommonommanwomatmmomoonommommimemo 1111161061 11101) el Di I ' A 11111131 tv(rvuo -- - ilsrstisam first-stag- FIRM DELAYS PRODUCTS INTRODUCTION: AgriDyne Technologies Inc a Salt Lake City firm that develops enviromentally Eirgartt747ow& t 111 - t x r'11 4womo to -1 4F Tit - t I 14 4r1 I '' ii - y l Peace has its price Three hundred employees at Thiokol Corp's Utah operations face layoffs at the end of this month when their jobs are cut The layoffs will bring to 1500 the number of jobs lost at Thiokol since January 1992 "Most of the layoffs are related to work completed on the Peacekeeper missile program" said Thiokol spokesman Steve Lawson "That and cutbacks at the National Aeronautics and Space Administration" e rockThiokol builds et motors for the Peacekeeper an intercontinental ballistic missile Now that the Cold War is over that program is being eliminated by the Department of Defense The Utah company at its facilities some 20 miles outside Brigham City also builds solid-furocket motors used to launch ODD 7 s 4411 l NASA's space shuttles - I 4'' '400100NOW""1"4"" f" THE SALT LAKE TRIBUNE DOW JUMPS 64 POINTS: Lifted by low interest rates optimism about the economy and higher stock prices abroad the Dow Jones industrial average surged 6484 points Monday to new closing high of 346942 Broader market averages also rose sharply That 344214 set on Feb OBITUARIES LOCAL NEWS B1 By Steven Oberbeck Monday's Dow Jones i 0 0 TUESDAY March 9 1993 5 i i ss I e' ' o2a64pm 2us9a2ndoour clfacliatiolilnlgfroetel!slidseotolif7S8a:21a63k2e Colonial National City area Interest compounded daily if held Substantial penalty for to maturity early withdrawal Minimum deposit to open account S2500 4011:01004404"1116111608CIMINIataattittbstamo r ' Rana are Fixed for tenn (ikon and set monthly 6 Variable rate (prime plus 575) sublect to change mccithiy Annual fiar S20 FINANCIAL CORP MEMBER FDIC 448 East 6400 South - Suite 150 - Salt Lake City Utah 84107 t Sourct Code ir 2AHXXC you finish reading your newspaper recycle It! t v 1 4 — 0 1 rgtoathavvi qx o 0 47 ie 0414"A1AMMILOWOMbegablagsli0W10110P041494kKEMLIA04600400P : I |