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Show The National Enterprise, August 31, 1977 Page eight Option Market News by Warren M. Ketcham, Ph.D. Prince, Langheinrich & Greer The steady downward trend in the market since e has dramatically increased the odds for a sharp one or two month rally. Although the market could start this rally any day, it is more likely to start the process just before a holiday. My guess would be just before the Labor Day holiday, say Friday September 2nd. The best scenario to set a stage for of perhaps 20 a sharp rally would be a sharp sell-of- f points on the Dow in heavy volume, in effect washing out some of the weak holdings of stock. The rally that I foresee will be a trading market and not of the long-tervariety. As such, I believe the best vehicle w'ould be the options market. The best calls to buy would be of the volatile glamour stocks such as Eastman Kodak, Polaroid, Hewlett Packard, etc. You could also play this rally by selling puts short. This method has the advantage of having the wasting effect of the option in your favor. mid-Jun- m Plant siting is becoming a bear Continued from page five pact in visibility at Capitol Reef as a result of 1PP. He said he would like the government to do a visibility study itself on the park since the findings of IPPs consultant on the matter. Westinghouse Environmental Systems of Pittsburgh, were that visibility would only be reduced five percent for two or three percent of the time. Aside from steam. Anthony said, the only thing visible would be a thin brownish line very ascending from the stack and moving northeast, away from the park. According to Anthony, one of the reasons for choosing the site so close to the park, was to provide more area for the wind to disperse any pollution since meteorological studies had shown the wind would blow it away from the park. Along with Frank Davis. Utah Power and Light Anthony made previce-preside- nt. sentations of detailed criteria the company used in selecting plant sites. Davis said UP&L e had spent $2 million on studies, while Anthony said a study of six possible sites has cost IPP $7 million. Both companies used outside consultants for their studies. The criteria included considerations of coal and water availability, air space where legal air quality standards could be maintained, access and transportation facilities, geology, impact on local water long-rang- quality, noise, aesthetics, ability to accommodate the labor force, availability of a site to dispose of waste pro- ducts (particularly ash), potential flood and earthquake hazards, and political acceptability. IPP studied five sites in area the Hanksville-Cainevill- e and one near Escalante. The Escalante site satisfied most of the criteria, Anthony said, but was rejected due to objections of local environmental groups. The Salt Wash site was then chosen despite the fact it would cost $50 million more to build the plant there than at Escalante. Finally, after three years of study and $7 million in expenses, the air quality classification of the Salt Wash area w'as changed from Class II to the more stringent Class I. Anthony said. The project qualified under Class II, but not Class I. Anthony also said IPPs current problem in getting approval for its site could be partly due. to. the change of administrations in Washington. He said there had been pace setting atmospheres Good design can reflect personality, create moods, build positive customer impressions. Good design can make your work day more productive by organizing and by creating higher comfort levels resulting in increased productivity. TJ Interiors specializes in business and office design that radiates positive impressions about you and your business and promotes effective work. 255-352- 1 Got to go sometime Gerald Magnuson of the Bureau of Land Management listed some concerns his agency has about the IPP proposed site. They included violation of Class I air quality standards, transmission line route problems, and whether the new town for the labor force in the area would materialize in sequence with the project. On the latter point, Anthony said a town planner had not yet been hired because of questions over whether that particular site would be used. UP&Ls Davis, during his presentation, cited the need for plant construction in Utah in the near future. He said 13,000 megawatts of production capability would be needed within 30 years. Davis said his company had been conservative as can be in examining sites, but iveve got to go sometime or none of us will have electricity." At its next meeting this r.v week, the Task Force will discuss threshold level (macrolevel) criteria which .ri sites must meet, receive from its staff a list of sites to study, and hear presentations from i 1 V environmentalists and the U.S. Forest Service. V v !: A THE PRODUCTS. storage systems and misfiles. Coda-Col-or . . Spacesaving moveable filing and File Folders to eliminate costly ? THE CONCEPT. . .To save costly floor space by access aisles. Files can move manually or eleceliminating can be designed to fit specific requirements. trically. Systems THE APPLICATION. . . Anyplace where data must be stored or filed effectively. Banks, hospitals, medical clinics, museums and general office use. Systems can be combined with Coda-ColFile Folders for easy reference. or BUSINESS & SECURITY SYSTEMS, INC. mSMm 7355 so 9th east indicated IPPs engineering staff would be available to aid the Task Force in its work. SPACE SAVER MOBILE FILING AND STORAGE SYSTEMS SYSTEMS AND PROTECTION EQUIPMENT 962 SOUTH 700 WEST INTERIORS extremely heavy dealings with local residents on the site location but officials in Washington werent satisfied. While IPP was willing to look at alternative sites as a result of the political situation it will go ahe&l and seek a variance on air quality standards for its currently proposed site, Anthony said. He m SALT LAKE CITY, UTAH 84104 6 PHONE (801) 973-268- EBk CODACOLOR F ilinq ..SJ Systems ' SFI s; |