4C The Salt Lake Tribune Tuesday, November 6, Market Gains in NEW YORK The stock (AP) market, inspired by falling interest rates, posted a strong gain Monday in moderate trading. Takeover developments touched off brisk activity in several individual stocks. The Dow Jones average of 30 industrials, up 11.70 points last week, rose another 12.59 to 1,229.24. Volume on the New Yr rk Stock Exchange tailed off to 84.73 million shares from 96.81 million Friday. Analysts noted that the polls still ranked President Reagan a strong favorite to win a second term in Tuesdays election. Thus, they said, investors were not greatly concerned with the possibility of any political surprises. Many Wall Streeters were looking beyond the election to this week's setting meeting of the Federal Reserves Open Market Committee. Expectations are widespread that the Fed will decide to loosen credit further, in order to cushion the recent slowdown of economic and money-supplgrowth. That would presumably mean new declines in interest rates, which have already experienced a substantial drop since last summer. In the credit markets Monday, rates on short-terTreasury bills fell 15 to 30 basis points, or hundreths of a percentage point. Prices of longterm government bonds, which move inversely with interest rates, rose about $5 for every $1,000 in face val- monthly survey of corporate purchasing executives found that A York Stock New Exchange Nov. 5, 1984 UP VOLUME 1,076 84,730,000 0 SHARES 0 ISSUES UNCHANGED TRADED 418 2,052 DOWN 558 N 0.63 97.14 Index Y S E S. & P - three-hundret- U.S.-ma- U.S.-mad- mC Comp 1.16 - 12.59 1,229.24 production, new hiring and new orders all continued to slow last month. On a more upbeat note, the National Association of Purchasing Management said the signs still pointed to a favorable Inflation outlook, with few price increases for supplies and raw materials. Prentice-Hal- l, traded on the American Stock Exchange, soared I8V4 to 70. The company said it received an unsolicited acquisition bid from Gulf 4 Western Industries, which later announced it would make a tender offer of $70 a share. stock The buying in Prentice-Hal- l spilled over to several other publishing issues listed on the Big Board. Harcourt Brace Jovanovich, up 1 at 42 ; Harper 4 Row, up 2 at 25; MOURE. 3TIU- - &IWsV ' LEAST or-- - NEW YORK (AP) Gulf & Western Industries Inc. announced plans Monday for a cash tender offer that would be worth nearly $700 million for Prentice Hall Inc., a leading publisher of college, business and professional texts. d Gulf 4 Western, which has recently completed a major divestment program and liquidated a sizable stock portfolio, said it presented its buyout proposal to Prentice Hall management earlier in the day. 500-stoc- k TtNVUK. WEXPOfl AND for Prentice Hall lo luaive Prentice Hall, which is based in Englewood Cliffs, N.J., described the tender offer as unsolicited. Donald Schaefer, president and chief executive, said the Prentice-Hal- l board would meet later this week to discuss the offer and had hired the investment firm of Dillon Read 4 Co. and the law firm of Shame 4 Moore to help evaluate the proposal. He also cautioned shareholders not to act hastily with respect to their investment in the company. Cra-vet- Gulf 4 Western said it planned to offer $70 for each of Prentice Hall's 9.9 million shares outstanding. Martin Davis, chairman and chief executive of Gulf 4 Western, said in a letter sent to Schaefer after the meeting that the acquisition would oe in the best interests of the shareholders of both companies as well as the employees, authors and customers. FOR EXECUTIVES AND MANAGERS ONLY A COACH'S WORKSHOP IMMEDIATE Conducted by the author of THE GAME OF WORK 01 AIK Charles A. Coonradt 6:30 p.m. Wednesday, November 14, 1984 HILTON Salt Lake City Hilton ,, ... u Ijparn how lo achieve in business the same kind of motivation and striving found in athletics. WESTERN LEADERSHIP GROUP presents on Wednesday, November 14, 1984, 6:30 p.m., an evening of practical application of the principles found in the book THE GAME OF WORK. Examples from years of experience will lie cited by the author as he presents and lends the two and half hours of workshop sessions. Chuck will present a way of looking at performance and productivity that has helped hundreds of companies and individuals become more profitable and successful. Enrollment is limited to "coaches only , in other words managers, executives, business owners, and decision makers. Space is limited so call today in order to enroll. Visa and MasterOharge are accepted. Or send a check for fifty dollars along with your business letterhead indicating your position to: WESTERN LEADERSHIP GROUP, 108 East 2100 South, Suite 103, Salt Lake City, Utah 84115. You have been reading his book and now is your chance to meet the author and learn first hand how to apply the principles in your business. Chuck will be available to autograph copies, so bring your copy of THE GAME OF WORK or purchase one there. life U.S.-mad- The industrywide seasonally adjusted annual rate of sales was 7 million, below the rates that have prevailed for most of the year. Sales of imported cars in October totaled 211,450, up an adjusted 3.8 For the year, U.S. carmakers have made 6,790,153 deliveries to dealers, up 20 percent from 5,637,026 at the same point a year ago. Import sales for the year were an adjusted 1.7 percent 2,035,364, ahead of 1,994,422 last year. sorVE&OTAr ONE.' PCN'T . ruuiiip cn t7 western percent. VW has discontinued its e Rabbit but will not have the replacement car, the Golf, ready for showrooms until later this month. 1983. U&KTV AHEAP OF 'rOO 43.5 percent from 196,103 a year earlier. Imports grabbed 23.5 percent of the U.S. market in October compared with 22.8 percent a year ago. In October, Detroit sold 689,563 cars, or 25,539 a day in 27 official selling days. That was 0.03 percent below the 25,546 a day sold in 26 selling days a year earlier, for a total of 664,194. It was the first year-to-yemonthly sales drop since February ONLY mnwiucz- - Houghton Mifflin, up 1 at 35, and at 44, all MacMillan, up 2 reached new highs for at least the past 52 weeks. Separately, Donaldson, Lufkin 4 Jenrette climbed 2 to 29. The securities firm is the subject of a takeover plan by the Equitable Life Assurance Society. Let z Furniture gained 1 to 35 before a trading halt on the NYSE. The company said a management group plans a buyout offer. American Sterilizer, which agreed to be acquired by an investor group for $22.50 a share, rose 1 to 22 Advancing issues outnumbered dein the daily clines by nearly tally on the Big Board. The exchange's composite common-stocindex added .63 to 97.14. Nationwide turnover in NYSE-listeissues, including trades in those stocks on regional exchanges and in the market, came to 101.54 million shares. Standard & Poors index of 400 industrials gained 1.26 to 189.37, and SAPs composite index was up 1.16 at 168.58. Auto Industry Notes Sales Dip The U.S. auto inDETROIT (AP) its first monthly dustry registered sales drop in 20 months because of the 12 days of strikes in Canada against General Motors Corp., the companies reported Monday. Sales were down of 1 percent in October compared with October 1983. Neverthless, the domestic industrys total for the year so far surpassed the 6.78 million cars sold in all of 1983, a year of record profits for Detroit. The strike in Canada, which ended Oct. 29, cost GM upwards of 70,000 cars from plants on both sides of the border and caused an October sales slide for GM of 11.9 percent. GM s market share fell from 61.8 percent of all cars a year ago to 54.4 percent. Ford Motor Co. sales for October were up 23 percent, while Chrysler Corp.s were up 15.2 percent. American Motors Corp. suffered an 11.5 percent sales decline. Volkswagen of American Inc. said e cars were down sales of its Ntofll.som. k 76a.sa Dow Jones Ind policy-- ue. Trading Pre-Electi- on The Market In Brief pre-electi- y Duffs J984 484-886- 6 TWfcstem leadershiD 8 C X, R O t P l I If you have sold a residential or commercial property on Contract, you carl now sell that Contract or Trust Deed to Home Credit for immediate cash. ..or, if you prefer, borrow money on it. We Pay Highest Prices for information Call John Sorensen 487-081- 1 Unlock that cash equity out of your home with a SECOND MORTGAGE at our low rates HOME CREDIT 180 East 2100 South, Suite 103 Salt Lake City, Utah 84115 Phone 484-886- 6 JL ) FOR REAL ESTATE CONTRACTS THRIFTS LOAN 1 455 East 21 $t South Serving the people of Utah since 1961 REPORT OF CONDITION Consolidated Reooct of Condition of TRACY COLL I NS BANK AND TRUST COMPANY of Salt Lake Ctv. Utah and Demesne Subsidiaries, at tte close of business September 30. 1904. a state banking institution organized and operating under the banking laws of this state and a member of the Federal Reserve System. Published in accordance with a call made by the State Banking Auttwlty and by the Federal Reserve Bank of this District. ASSETS Cash and balances due from depository Institutions: S 22.333,000 00 Nonlnterest-bearlnbalances and currency and coin 100.000 00 66.&55.000 00 Interest-bearinbalances Securities Federal funds sold and securities purchased under agreements to resell 6.000,000.00 169.987,000 00 1,026,000.00 Loans, net LESS Allowance for loan losses Loans, net of allowance Premises and fixed assets Other real estate owned Other assets TOTAL ASSETS 168,961.000.00 13,548,000 00 5,1 75,000 00 ,969,000 00 $292,941,000.00 LIABILITIES $257,942,000.00 Deposits 00 00 52.910,000 Noninterest bearing 205.032,000 Interest bearing Federal turvls purchased and securities sold under agreements to repurchase Demand notes issued to the US. T reasury Other borrowed money Mortgage Indebtedness and liability for capitalized leases Notes and debentures subordinated to deposits Other liabilities TOTAL LIABILITIES 654,000 2. 725 000 150.000 136.000 8 00 00 00 00 00 5.520.000 1252 !5 $278,078,000 00 EQUITY CAPITAL Common stock ' Surplus Undivided profits and capital reserves Total Equity Capital TOTAL LIABILITIES AND EQUITY CAPITAL bank do hereby declare that this Report of I, Duane Thurber, Controller, of the above-nameCondition has been prepared in conformance with the instructions Issued by the Board Of the and State Banking Authority and is true to the best Reserve System Federal Governors of the of my knowledge and belief. DUANE THURBER. Controller We. the undersigned directors, attest the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledqe and belief has been prepared in conformance with the Instructions issued bv the Board of Governors of the Federal Reserve System and the State Banking Authority and is true and correct Directors A DAHLSTROM C R N F ARMSTRONG JOHN BE Directors State of Utah. County of Salt Lake ss Sworn to and subscribed before me this .Yah day of October, CANFIELD 1984 NiNAC Notary Public BERRY, REPORT OF CONDITION. CONSOl DOMESTIC AND OR E DATING IGN SUBSIDIARIES Of- ZIONS FIRST NATIONAL BANK .n the state of Utah, at the dose of business on Ions first National Bank of Salt Lake to call made bv Comptroller cf the Currency coder published In responv Septemtnr TO, IM I 12. h.v ter Number 4341. C omptr oiler of the Current v 2h Title United States Code. Section District STATEMENT OF RESOURCES ASSETS AND LIABILITIES Cash and due from depository institutions Noninterest bearing balances and currency and toln inter est bear Ing baiarx e 177 9 59 000 00 718 000 000 00 228.350 000 00 $ Securities f ederal hinds sold and securities purchavM under agreements to resell m domestic offices of hank and of its I due .vvf Agr eemont vrbsidlar ies. and m iBf s Loam and lease financing receivables $ 1.258 707 I pans and leases, net ot unearned incom !3.890 t SS Allowance for loan and lease los-'- v I oans and leases, net ot unearned inciwno allowance and reserve Assets, held tn tr ailing a ountt Premises and tied assets t including apda nsl leases! Other Real estate ownd Other assets 000 00 519,733 ono 00 000 00 ?44fli2 WOO TO 4. 0A4 W W 00 no iXK) 00 1J4V00OOO 47.144 dto 00 Total Assets 57 445.691 LIABILITIES Good news for your business phones: AT&T introduces Service-Plu- s, If youre too busy with business to make all the calls necesis sary for business phone service these days, Service-Plu- s good news. With one call does it all. No matter what kind of service your phones need, we stay with it from start to finish. One ol our nearby small business specialists will always be on call. Service-Plu- s takes care of all your phone business, so you can take care of your own business. Find out more about Service-PluCall our specialists at the Small Business Connection of AT&T Information Systems. When youve got to be right. Service-Plu- s s. Deposits In domestic offices Noninterest bear Ing interest boar Ing In foreign offices. F due and Age oerrent subsUJMr les. arxj iBFs $1.489 051000 00 000 OO 181.251 0u0 00 TD7 NX1 717,01 217 017 0U0 Interest txar Ing ederal furxls purchased and securities ld invler aoieensentt to repurchase m domestic offices ot bank and ot Its t due and Agreement snbsidtar ies, and In BF S Ottier borrowed miwwy Mortgage irwVbtedrxs avl oOt igations uniter r.uutalled leases Notes arvl detrentur es subordinated to deposits .. Ottvr liabilities otal liabilities 2 (XV 00 00 f 546.565 iXV 00 00 4.N1? 6 Tv 01X1 no 16.200 000 00 19 ? U 000 00 1?9 06 000 00 ASK ABOUT SERVICE-PLU- S CALL1 800 247-70- W $ 2 EQUITY CAPITAL 5 onn noo no nmnum stick 1R 15 ono no Surplus ftj 4 M 000 00 Undi vided pr of its and c Apdal reserves 6 6 V 000 no Total equity t spital $2 445 6V1 000 00 Total liabilities, limited life preferred stm k and equity i apdal rd the named bank do hereby I, tale W Westergard, Vice Cbairnvtn of he Board and tteiief dec lare that this Report of Condition Is tm and nrrm t to the test ot my knowie-toDAi W WFSTfe RGAMP. Vke t hair m,n Of the Board Dated 0tubr?5 19H4 We, the unrterlgtted due tors attest the or redness of this statement of resources and ot our know ledge and tel lot liabilities We dec lure that it has been eiarnniid tty us, and to the f has ben prepared in confor mtiy r with ffte mstr ik lions axl is true attd i or SC JOHNSON ( NOW. 00 I In-- . "800" iiiiniN i i oiimvts vi hi .nit, im.it ir.illy In mir nlVu i1 in vmii .him A .k fnr l t 118 at,e !. I ( KTl.il L TOM Pf WRY AS H SMITH Dir e tgr ZIONS FIRST NATIONAL BANK here PEOPLE mean everything! AT&T 1'W t AI&I I iif i fi.u ion S struts