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Show The Enterprise Review, October 6, 1976 Page 7b Utah Tools 3240 South 1 1th East Salt Lake City, Utah 84106 Phone (801) 486-355- 1 SPECIALS Lathes: Pond post. Enterprise tooling. 30 x 9', Taper Attachment, four-wa- tool v 15 x 60. inch American 20 x 60 heavy duty, taper, apron controls. Mills: Cinci 4hp vertical. Ac 21 metric threads, complete x 113 travel. XLO 9" Brown x & Drills: d 48" Turret Ram. 2hp head. Sharp Horz. 3. Table swivel 45. vari-spee- Solberga 26 Saws: Table. 27" vertical Peerless 13" x 13 downfeed. Summit 10" x 16 4MT 1974. Sliding gearhead. Power Hack Saw, hyd. Horz.. 1" blade, coolent new. Shears: Canton Alligator Shear. 3 cap. 40' conveyor. Hercules Hyd. 12' x B.G.. squaring arm. 34, Brakes: Chicago Apron 12' x 38, Model 227. Area Home Construction Soars to Record Value The value of area residential construction has reached a record SI 69.6 million for the first 8 months of 1976. according to the Home Builders Association of Greater Salt report prepared by the builders shows that of the new single family units are less than 1400 square feet and cost between 41 530,000 to $41,000. Romney reported that the primary growth area is in Sandy City where 1000 of the 5,180 units are being built or have been This represents about $40 completed. million in new residences in Sandy alone. He added that there is still a shortage of multiple family units being constructed and attributed this to the cost of development, government regulation over rental property and inflation. The 7000 plus units for this year keeps about 14,000 workers employed in the construction trades and supports an additional in related business occupa- Lake. Steve Featherstone, executive vice said that even though there has president, been a leveling off in new starts, the 5,180 new dwelling units tops last year by over 750 units. He added that at the present rate of construction the Home Builders will reach the 7000 unit mark for 1976 a record since 1973 when 7,170 new units were built. Keith Romney, association president, added that the current level of production places this year's construction at an in- creased rate of 16. At this rate, total dollar value this year will exceed that of any previous year he said. The last automated 00 tions Featherstone said. Miscellaneous: Plate Rolls 38" x 7', drop hammer. Rebar Bender 34", Bulldozer 100 ton and 300 ton. Gi&L Surface Grinder 8 x 18 hyd.. Forklift 15,000 lb. 1 Complete warehouse full of machine tools - phone for a stock list All sizes and types. NEW AND USED Sell Buy Liquidate Condos on Auction Block Condominiums at Park West, a ski resort west of Park City, are scheduled to be sold at a sheriffs auction October 18. AT JV AIRFREIGHT CORPORATION Although the 130 units have not been priced, said Donald Henager, real estate loan officer of Commercial Security Bank (holding receivership for the property), a great deal of interest has been expressed. Most of the condominiums in Park City have been sold, Henager explained, and a housing shortage in Park City has developed. Also, he added, the Park City area has become a inplace where people are terested in living. The units, located in two major parcels, plus a lagoon and a sewer treatment plant and additional land are subject of an auction after two years of lying vacant during a foreclosure process. Originally developed by a group of Californians called Ski Park West, Inc., the area became victim of the energy crisis and recession two years ago. Since then. Ford Motor Credit Company, holder of the trust deed, has been paying claims. It took two years to pay the claims because there were so many, and it was very complicated,, explained Jim Clegg of Worsley, Snow & Christensen, attorney for Ford. The sale is scheduled to be held at Summit County Courthouse in Coalville, Utah. Option Market News by Warren M. hetchimi. Ph.l). Prince. Langbeinricli X ( Ireer The stock market moved lower last week, with especially heavy selling on Tuesday and Friday. The net loss for the week was about 30 points on the Dow Industrials. The recent recovery high of about 1020 looks supcrstitiously like a false breakout. The important point on the Dow is 975. If the market falls through 975 further selling is likely above this totally new computerized system that assures complete control of your inbound or outbound air shipments and e deliveries. Backed by guarantees dthis specialized communications network, we can put our fingers on your shipment AIRTRAC-NOV- O's on-tim- anywhere and anytime. NOVO offers exceptional speed. For small packages up to 50 pounds, we put them on the next flight, with same day service available to many desinations. Door to door service. Packages are picked up by our own trucks at the vendor's plant, and delivered to the consignees door. No airport baggage counter hassle. I never got it! Not with NOVO. We provide a signed, dated, and time noted proof of delivery. Check into NOVO. Were one of the largest air forwarding companies in the nation. And for good reason. Novo Airfreight Corporation SLC International Airport Salt Lake City, UT 84122 (801) 532-420- 8 point, the bullish technical trend remains intact. This week some upward correction in the market is likely. Therefore, profitable bear spread should be closed out. Continue to buy options on the Technically strong glamour stock like Polaroid, IBM and Teledyne. As reported a few weeks ago, the holding period for long term gains will increase from six to nine months in 1977 and one year in 1978. This has prompted the option exchange to look into establishing options with up to 15 months life. The CBOE is also looking into a program for trading debt security options. Likely trading will start in the first quarter of 1977. |