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Show Serials. order Department University of Utah salt Lake City, Utah 8112 I UWARIS 7 19 W sains and AUG r 1 t HUM VOLUME 1, NUMBER 17 - SALT LAKE CITY Consolidated net income of Mountain. Fuel Supply Company and its subsidiary, Entrada Industries, Inc.; was higher for both the first period of 1974 and the period ended June 30, 1974, than in the comparable periods a year ago, it was reported Thursday by B. Z. Kastler, president. Net income for the first six months six-mon- th th of 1974 was $7,377,628 compared with $6,541,005 for the same period of 1973, and for the 12 months ended June 30, 1974, was $11,083,603 compared with $9,856,336 for the same period ended June 30, 1973. After payment of preferred dividends, net income per share of common was $2.76 for the first half of 1974 compared with $2.43 in 1973, and was $4.08 for the 12 months ended June 30, 1974, compared with $3.59 for the same period ended June 30, 1973. Mr. Kastler said improved earnings for the first six months were attributable to higher earnings from nonutility operations. Although utility earnings showed some improvement in the second quarter as a result of the March 1 increase in Utah natural gas rates, they were lower for the first half of the year than in the same period of 1973 due primarily to rapidly escalating costs of natural gas supplies purchased from other producers and pipelines. Consolidated revenues (utility and nonutility) were $60,710,069 for. the first half of 1974 compared with $52,451,352 for the same period of the prior year, and were $101,443,763 for the period ended June 30, 1974, compared with $88,200,671 for the same period ended in 1973. (Mountain Fuel Supply Company is an investor-ownecorporation that is primarily engaged in natural gas utility operations but also is involved in certain nonutility operations as well. Nonutility operations include the production and sale of oil, and, through a subsidiary, the manufacture and sale of a variety of chemical, agricultural, and ceramic products.) Supreme Court Decisions th d SEE DETAILS PAGE 11 Names New Director 100-un- wide, Inc. Blaine Whipple is Board of Directors Community TV and Community TV of OMI officials. According to Mr. Perkins, the new Director of Food Services will be Divorces Bankruptcies 5 5 Births 6 Building Permits Business Licenses Marriages Water Service . .t. Trust Deeds Quit Claim Deeds Liens Warranty Deeds Mortgages 7 7 7 7 8 ..8 8 8 Decisions Murray City Power Murray City Court New Corporations Uniform Commercial Code Filings Probate Court .... 9 10 H 17 17 17 19 20 Alta Adds Year Round Facility be presented by the Utah Association of Counties. A panel discussion on "Utah Energy Resources" will complete the afternoon agenda. Claude Heiner, President of Heiner Coal Company, will talk about the coal situation, Ray Work, Vice President Consumer and Public Affairs, Mt. Fuel Supply Company, will discuss petroleum, gas and oil, John Whitmire, Phillips Petroleum Co., will speak about oil shale, Robert Lowe, Soiho Petroleum Co., will discuss tar sands, and Dr. Val Findlayson, Research Engineer for Utah Power and Light Company, will describe the Geothermal and nuclear energy situation. The Conference is free and open to the public. The luncheon charge is $4.75. Reservations for luncheon should be made by August 10. Contact Warwick C. Palfreyman, Utah Department of Employment Security. will Outstanding Achievement Award Given By The U of U has elected Dean C. Draw, loft, desk supervisor at Rustler Lodge in Aha, looks over blueprints of the lodge's new swimming pool with Steve Olsen, gun its foreman for Intermountain Aquatech Pools. a member of the of North Utah a member of the Utah Board 'of Guests at Alta's Rustler Lodge will .be able to swim in a new heated outdoor pool and watch skiers speeding down Little Cottonwood Canyon's slopes in the midst of winter. Workmen Monday completed the swimgunite stage of the ming pool spraying the pool with a layer of sand and cement and expect to finish the pool before September. Allan "Al" Geibel, manager of the Rustler Lodge, said the 18 by pool would be open all year, even in the coldest weather. "The only thing that will close the pool is a heavy snowstorm," said Mr. , Directors. A graduate of the University of Utah, with a BS degree in banking, he then entered Harvard and graduated in the Advanced Management Program. In This Issue 4 introduce Dr. Kimball. Awards will be presented to the Outstanding Small Business and to the county which has made major accomplishments in the industrial development field. The latter award Tracy Mortgage Blaine W. Whipple as a member of the Board of Directors, they, announced today. He is presently serving as Financial Vice President of Bonneville International Corp. Mr. Whipple also is the Treasurer of Deseret Management Corp.; Secretary-Treasurer of KSL, Inc.; and Treasurer of Radio New York World- recently-purchase- d Suits ment of Development Services, will one-da- y Co. it Sandarosa Motor Inns. The facilities, located in Livingston, Montana and Green River, Utah are valued at an estimated $3 million by 2 The 25th Annual State Economic Development Conference will take place at the Hotel Utah on August 14. The meeting is sponsored Promotion Industrial Utah the by Division and the Utah Department of Economic Security. are John H. Rencher, Director of U.I.P.D. and Warwick C. Palfreyman. The conference will be keynoted at 10 a.m. in the Empire Room when Governor Calvin L. Rampton delivers an address assessing the current economic climate in Utah. Morning sessions will feature Malcolm R. Myers, President of Cloyes Gear and Products Company, Cleveland, Ohio, who will discuss the plant at Heber City, R. Rhayne Robson, Director of the University of Utah Bureau of Economic and Business Research, who will talk about the SAFE project, and Curtis P. Harding, Administrator of the Utah Department of Employment Security, who will outline Utah's employment picture. Luncheon will be served in the Lafayette Ballroom. The speaker will be Dr. Charles N. Kimball, President of the Midwest Research Institute, Kansas City, Missouri. Dr. Kimball will speak on the subject of research and economic development. Milton L. Weilenmann, Director of the Depart- - aN-ye- ar OMI Corporation, a Salt Lake City based hospitality firm has announced the appointment of Mr. Frank M. Passey to Director of Food Services. The announcement came from Mr. Richard T. Perkins, President of OMI Corporation. OMI has varied holdings in the hospitality business, Legals State Economic Development Conference Slated August 14 Tracy Mortgage Co. Names New Director Salt Lake hospitality Firm Third District Court.... Supreme Court' 1! SALT LAKE CITY, UTAH Consolidated Net Income Of Mountain Fuel Higher including two " .... year-roun- d 36-fo- ot Geibel. M. Passey, mwty appointed Director of Food Services for OMI Corporation. directly responsible to the president for over-al- l cost controls and profitability of all restaurant operations. Mr. Passey will establish the guidelines to maintain profitable operations by establishing margins within which individual restaurant managers can function for maximum efficiency. With over 10 years experience in the restaurant management field, Mr. Passey came to OMI from the Little America Motel and Restaurant, where he was General Manager of Food and Beverage, for the Little America Restaurant. Prior to that, Mr. Passey was responsible for setting up the first pizza house delivery in Salt Lake City with two-wa- y radio. During that time, Mr. Passey manufactured his own frozen pizza which he distributed throughout the 1 Frank 24-ho- state. ur "A special reinforced vinyl and nylon pool cover can be automatically rolled over the pool during bad weather or in the early morning hours when the pool is not in use. "Even in the coldest weather, as long as there is heated water in the pool about 90 to 95 degrees Fahrenand as long as the huge deck heit is area heated, by running a heated liquid underneath it, swimmers will be comfortable," said Mr. Geibel. Huge decks, from 12 to 20 feet wide, surround the pool and rise up from the floor of the canyon side next to the lodge. Thick reinforced concrete sides of the pool slope down, giving the impression that the pool rises out of the ground and is part of the landscape. Salt Lake City architect John N. Clawson designed the pool. It is being built by Intermountain Aquatech Pools of Salt Lake City. One of the few pools in Alta, the swimming facility is at an altitude of about 8,697 feet. all-ye- ar all-ye- ar BLAINE W. WHIPPLE WILLIAM E. MYRICK William E. Myrick, Chairman of the Board, Utah Bancorporation and Vice Chairman of the Board, Valley Bank & Trust Co., has been presented the 1974 Outstanding Achievement Award by the University of Utah College of Business. Mr, Myrick was born in Marion, Summit County, and attended the University of Utah, and the University of Chicago School of Business Administration. When Valley State Bank was organized on June 1, 1948, Mr. Myrick was its first employee. He served as President from 1959 to 1972, and guided the Bank from 'one location with total resources of $75,000 to an organization with 14 banking offices, assets of S140 million, and several affiliated companies. The Outstanding Achievement Award is presented annually by the College of Business to a prominent businessman who is chosen by the College of Business faculty. Among the recipients who received the award in past years arc George Romney, J. Willard Marriott, Fred A. Carle-soNathan Eldon Tanner and Royden Derrick. n, |