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Show The Utah Enterprise Review , January 19, 1977 Page 5b Licensed Clubs Moratorium Continued from page lb prove service because the license would become more valuable. (Idaho law limits the number of licenses at 1 The per 1500 per city.) proposed law would allow for special consideration to a resort enclave or a sparsely populated county. The Utah Licensed Clubs Association is seeking laws to limit the number of clubs licensed in the state and to permit the liquor dispensing gun. According to Beck, in- equities have beset the system. The criteria a club must conform to in order to obtain the license hasnt been applied universally to all clubs. Once the clubs are licensed how they conform to the operating laws also Golf and country varies. clubs, though they have private club status, seem to enjoy many of the advantages of the so called minirestaurant. The mini bottle also compounds the liquor control problem. At present a mini the drink. allow the club Beck feels if an individual can learn to drink in Utah, he can drink anywhere. And as a result, the clubs maintain undue public pressure is exerted on them. The problem, he said, is that we don't want to sell drunks, we want to sell drinks. For example, if a 160 pound person drinks 2 minibottles in an hour, the blood alcohol level exceeds the .085 Utah legal limit. The problem will be compounded further when the metric sized minibottles come into being. They contain approximately 1.7 ounces, Beck added. But that control is not in the clubs hands at the present time. Thedispens-in- g gun legislation would owner to dispense whatever amount the club establishes as its drink quota; for example, the 34 of an ounce most other states use. It is not a cure-a- ll club owners agree, but it is a means to control the rate of consumption. Both the controversey and problems of Utah liquor laws seem to be never ending. Remaining are the questions of the status of the private club vs. the profit status of the non-prof- it mini-restaura- the nt; equity of licensing and bonding fees, and finally the questions of enforcement. The proposed legislation is symptomatic in its approach, but perhaps increased attention devoted to the absurdities of Utah liquor laws will remedy the real problem. Option Market News by ll'arrvn M. Kvtvham . Ph.lK Prinrv. hinghvinrirh (Irver The market closed last week about 10 points lower, on the Down, than the prior week. Selling pressure continues to pervade Wall Street in spite of average daily volume running over 23 million shares. Weakest groups were the semiconductor and drug stocks. While the majority of stocks were declining, the oil and Excellent gas stocks wre burning up the street. were in turned Amerada performances Hess, Mesa by Petroleum, Tesoro, Houston Oil and Minerals, Reserve Oil and Santa Fe Int'l. Record profits, cold weather, squabbles among the opec countries, and probable deregulation of gas prices proviced fuel for the spurt. For speculative accounts, all of the above mentioned stocks are good gamble. Best bet is to buy, just out of the money options on these stock. My pick of those mentioned is Tesoro. Here, however, I would buy either the April or July 15 because the premium is so low. For the more conservative, buy Tesoro common at 17 and sell in April 20 at 916. The dividend on Tesoro is $1 per share per year. Utai What bottle contains approxiof 1.6 ounces mately liquor. Because of the complexity in marking each bottle with the customers name, a drink ordered in a private club is usually mixed with the contents of the entire minibottle. The 1.6 oz. is equivalent to two drinks in most other states that serve liquor by , Utahns like Loan Assn, Files for Branch Federal Building and Loan Association has filed an application with the Dept, of Financial Institutions to establish a branch in the vicinity of 2900 East and 3300 South A public in Salt Lake. hearing is scheduled on Feb. 15, in Room 323, 10 West Broadway to hear any protests to the proposed branch. Federal Building and Loan maintains the proposed Millcreek area is an exceptional area for attracting the savings dollar because of the high income nature of the While the market area. mean family income in Salt Lake Country. Lake is $14,198, 36.4 of the Millcreek residents make over $15,000 and the average is $25,000, their application states. Of the competing sav- ings and loan institutions in the proposed area, Deseret Federal Savings and Loan Association accounts for 7.5 of the total deposits, while American Savings and Loan accounts for Federal Building and Loan projects by 1980 to have 20. in savings deposits. At present they of the total dehave 1.3 posit market. $6,412,009 Great Salt Lake Country is a popular tourist region for fellow Utahns. In 1975 Utah residents spent about $19 million here for recreation purposes. The attractions of Salt Lake City and its surrounding area are of great appeal to Utah travelers. Their expenditures here is new money for our region and its money that benefits all of us directly or indirectly. This year, tell the visitors you meet about everything Utah has to offer. Invite them to stay an extra day. Itll pay! Statistical Source Institute tor ttta Study of Outdoor Rccraabon and Tourism. Utah (A public service Suit University message of this newspaper and the Utah Travel Council.) |