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Show The National Enterprise , March 23, 1977 Option Market News by Warren M. Ketcham, Ph.D. Prince, Langheinrich & Greer Metal prices continue to move sharply higher. Copper is now 72 centslb, lead 32 centslb, silver $5oz, and gold $152oz, compared to one year ago prices of 65 cents, 21 cents, $4.20 and $130 respectively. Look for further gains as industrial demand picks up and inflation fears push prices higher. Beneficiaries of higher metal prices include the option stocks ASARCO, Kennecott, Phelps Dodge, ASA and Homestake. Of this group I like ASARCO best. Up from 18 a month ago and now 22, ASARCO is still undervalued. Buy in weakness. With put trading in listed options scheduled for the first of June, the CBOE and Amex have put together a booklet detailing the advantages, disadvantages, and strategies of put trading. You can get one from your broker or by writing to the CBOE or Amex. J Bank v Page thirteen TODAYS TIP: Deposits Show SBA LOAN MA TURITIES NOW AVAILABLE TO 20 YEARS. Decline for more information Although the amount of money deposited in Salt Lake County banks fell slightly in February compared to January, it was nearly 17 percent more than that for February, 1976. Salt Lake Clearing House reported a total of about $1.87 billion deposited in Salt Lake banks, compared to about $1.89 billion in contact your hanker or call SHELDONHANSEN specialist in SBA loan applications 328-885- 6 r January and $1.60 billion in February, 1976. The Lady Sports a New Hat Copper has become a symbol in Utah. Although, hundreds of years ago it was used as a predominant roofing material, it has since been replaced by cheaper metals. On modem buildings copper has been relegated to use as an adornment - an occasional gutter, a sign or a decorative sculpture. But, in defiance of recent history, the Cathedral of the Madeline in. Salt Lake City is sporting a new roof made of copper. Copper is three or four times more expensive than an alternative roofing material, said John Leete, president of Devcon and director of the Cathedral restoration project. He estimated the copper for the roof presently being installed will cost about $100,000. But it will probably last 200 years, he added. We tried to use a synthetic slate called made by Johns Man-villBut they stopped making it, so we had to use copper, Leete continued. Copper is about three times more expensive than durability and Utah history. Unless a building is a monument, there is no reason to use copper, he said. The cost is just too prohibitive. A spokesman at Western Sheet Metal estimated the price of copper is about 20 percent lower now than it was five years ago. He said it now costs about $1.20 a square foot. Aluminum of a similar gauge would cost $.90 a square foot. He added an aluminum roof is expected to last about 20-3- 0 years, but the average copper roof would last about 60 years. Its possible the Cathedral roof would last 200 beyears, he continued, cause it is sloped, and doesnt have a lot of traffic He added water on it. sitting on a roof, or people walking on it, would tend to decrease a roofs life span. f , i Total Recreation for $50 Per Month? Yes, for less than the yearly interest on one small boat, you can have access to 13 planes, four boats, Our snowmobiles, a motorhome, and more. multi-us- e recreational program offers all this for a membership fee of $250.00 and a minimum equipment rental fee of $50.00 per month. Special company rates are also available. . . e staff schedules And we handle it all. Our the use of and maintains all of our equipment. full-tim- Call or write us for more information. RECRE-AIR-IN- C 220 N. 2200 West (801532-194- 0 color-besto- s, e. color-besto- s. He described the copper being used as a batten seam design. It means a lot more work in the fabrication shop, he said, but we didnt want any nails showing. The roofers install two layers of felt underlayment, then nail wood strips on top of that, and fit copper sheets over the wood, nailing it from underneath. The copper is bent in the shop, making a channel on the exterior over which the next sheet of copper is laid. Coincidentally another building, the Deseret News Building, is using copper as But, a roofing material. explained the architect. Bill Richardson of Richardson, Richardson Associates, it is being used more as an adornment than as a functional roof. It is a symbol, he said, to promote an image of Illllii! Free. Good news for gold and silver investors and speculators because Gold News is filled with coverage of mining and exploration, mining stock quotes, metal market information and feature articles by experts. Gold News has been a leading gold newspaper since 1933 and provides the most thorough coverage of any publication in its field. Subscribe now and receive your choice of two popular books, Gold! The Ultimate Hedge" or Hedge Yourself Against Disaster." $10 per year - Issued Monthly Sample Copy $1 Money refunded if not delighted AMERICAN GOLD NEWS P.O. BOX 457, Dept. NE lone, California 95640 |