Show roeer them to remove the ads but is conducting a review of the praciMMbfnnr tice Keay said OGDEN — Dozens of NortCounty health departments are hern Uuh businesses are being il- on a 1923 Uuh statute health relying harassed by county legally prohibiting tobacco billboards to '''bffiriah who insist that ask stores to uke down signs rebe lobacco idvertisements moved the Utah Retail Grocers clocks placards merchandise racks and other promotional maAssociation said Thursday terials that mention tobacco Ol- The trade organization will seek a restraining order against health sen said The grocers association has officials if they continue to write concluded that the prohibition to orders verbal letters or make ' remove the advertisements said should be voided because it is unreasonably vague and violates President James Olsen the US Constitution and federal increases advertising the risk that teenagers will take law Olsen advises grocery and up smoking and is being ad- convenience store owners not to advertising dressed by the Salt Lake County remove the Health Department as a way of Specifically the organization arcurbing disease said Diane Kea y gues that a federal law calling for I supervisor in the Bureau of placement of warning labels on states from cigarettes Sanitation and Safety ‘ v on restrictions further been Lake has enforcing Salt r County sending letters to retailers asking advertising Attorney General Paul Van Dam addressed the issue of in- store advertising last year in a letter written to State Health De- KRISTINE M LOOSLEY °By partment Director Suzanne Dan-do- y He says in the letter that health officials have no jurisdiction over enforcement of tobacco advertising restrictions He did cot give an opinion oa the issue advertisof whether state’s the prohibiviolates ing tion on billboard advertising Before the opinion health officials in Salt Lake Davis Tooele -- in-sto- re ‘ point-of-sa- le and other Uuh counties had threatened to withhold health li- censes or to issue citations about the legal violations Olsen said The grocers felt they’d laid the matter to rest when Van Dam issued his opinion saying violations are the purview of the criminal legal system In-sto- re in-st- pre-emp- ts “But they’re still up to their old ‘ tricks" Olsen told a group of 15 grocery and convenience store owners at a regional meeting of members of the Utah Retail Gro- cers Association and the Uuh Association of Convenience Stores Salt Lake County legal advisers consider Health Department enforcement of the sutute to be proper Keay said The grocers’ problem is most acute now in Salt Lake County and many have been intimidated into removing the advertisements Olsen said He and attorneys for the grocers met with Salt Lake County health officials recently and asked them to stop health officials from bothering tobacco adgrocers about vertisements “We told them we’d seek a in-sto- re restraining order if necessary" Olsen said Tobacco ad tactics i bother health officials ATLANTA (AP) — Federal children to try smoking and health officials say tobacco sponsorship of sports events companies are using snappy such as televised tennis and promotions to target young racing increases children's recpeople in marketing campaigns ognition of cigarette brands far afield of their traditional - But an official of The Tobacco Institute insisted that techniques - The national i Centers for promotion is the best way to Disease Control said Thursday target a shrinking smokery more than of the to- market and said accusations bacco industry’s record $33 that the industry is targeting -- two-thir- ds billion advertising and promo- tion budget in 1988 went to such things as event sponsorships and free sample giveaways “Promotional efforts differ in important ways from traditional advertising" the CDC said The health agency contended free samples may encourage SMTOSACCOonSS ftandarcl Business m children are “dead Wrong" '" The CDCs accusations arp "a judgment call based on 'the preconceived notion that the industry is attempting to recruit underage smokers” said Thomas Lauria assistant to the president of The Tobacco i Institute i "The industry will fire any 'i lays 'M:i workers ? C? Q t jt : OGDEN — In the face of sagan Indthat reflect ging reyenues is layfiigoff and freezing hiring employees e employees and Eight have been laid off one three full-tiemployees have had their hours cut in half an has been eliminated and three existing vacancies will not be filled said Publisher Randall C Hatch The layoffs constitute about 3 percent of the Standard’s total work force - 1 “A reduction in staff has been put into effect ensuring that the newspaper will meet its finanfcaal Standard-Examin- LbeaiStatc FAIR HOUSING: Although part-tim- by the 1989 Legislature discrimination complaints still are not be- ing investigated because lawmakers failed to fond the program “Until the State of Utah puts money into the Fair Housing Act I can guarantee we won’t en- force law in Utah” said John Medina State -' Industrial Commission crimination division director ’ obligation during the National nell Douglas Corp- - will cut 3000 jobs this summer mainly admin- istrators and p non-producti- on workers to stem losses at its Douglas Aircraft unit the company said Thursday In its first quarter report last week the St Louis-base- d aerospace company said it had an operating loss of $84 million at Douglas Aircraft twice as big a deficit as in first- quarter 1989 ar and to continue trimming Jay 'Bill 2-- n 1 CREDIT: Standard Poor’s Corp on Thursday downgraded about $30 billion in credit of Citicorp the nation’s largest banking company because of concerns over troubled loans involving real estate and corporate takeovers The move comes one week after Citicorp reported a 56 percent drop in earnings in large part because of domestic real estate loan difficulties in slumping regions that are expected to worsen this year ‘ CITICORP first-quart- AUTO EARNINGS: er First-quart- er earnings for the nation’s Big Three automakers will be more below last year’s than profits analysts said Thursday The companies are expected to jeport next week that the drop in earnings was caused mainly by drastic production cuts in the :United States and economic troubles in Brazil two-thir- -- ds 441 AMES BANKRUPTCY: Ames Department Stores Inc the giant 'discount retailer that stumbled af-purchasing the Zayre chain two years ago has filed for bankruptcy court protection the company said Thursday MILKEN LAWSUITS: As if his criminal plea wasn’t enough Michael Milken faces an avalanche of civil litigation filed by shareholder lawyers who assert a $400 million fond to compensate defrauded investors won’t be enough Lawyers said Thursday n lawabout a dozen suits already have been filed against the former junk bond financier on top of some 30 still pending over his relationship with speculator Ivan er class-actio- ex-sto- ck Boeskyr More lawsuits planned V are August MiHerLakestds Review Jones owner of Wild Pitcli Baseball Card Shop hi© been good to him T GNP: The US economy which ended last year on a weak note rebounded during the first quarter of 1990 at a surprisingly ' healthy annual rate of per cerL The Commerce Department said the gross national product — lithe total output of goods and ser- - ' I 'vices — grew nearly twice as fast as the feeble 11 percent gain Jrom October through December yea“ - r ' 1 Hatch said Last year the Hatch famjly bought the outstanding stock of the Glasmann family The repurchase was to be made over a five-yeperiod Hatch said “Even though the staff worked diligently to improve revenues DOUGLAS LAYOFFS: McDon- - ! er ee -- anti-dis- - er full-tim- a measure was enacted ' fair-housi- ng ! 'the 1 slump ustry-wide EDITOR’S NOTE: Shop Talk is a regular tolumh profiling Ip- -' from the cal businesspeople line worker to the chief execu- tive Suggestions for future sub- -' ' 4 jects are welcome Q What exactly is your job and how do you view it? A I do all the ordering I’m here all day for sales 13 hours a day six days a week Like last night I closed at 7 pm but I didn’t get the door locked until 7:30 1 do everything Q What are the best and worst things about your job? A The best part of my job is working inside I use to be a brick mason I had to get out of that and into this The worst part is I have no life no more This is it (gesturing around the store) 1 don’t have weekends But I’m soon going to hire somebody for the summer to free up my hours Q If you could have any job Shop Talk -- 1 ‘ of ‘ WOlk? A Paying the bills I guess That’s the only reason anybody goes to work I have two kids now $o I have to think of them J Q Was education or experience more important to yotuwaaL I could care less about rec-- wouldn’t do job? ) 5 ognition It really A Experience is the most im- - you much good by itself B Nam: Jay “Bill" William Jones B Company: Wild Pitch Baseball Q Can you give us an idea of portant The job would not Card Shop have been possible had I not 'what your average day is like? B Address: 530 S State) St A I wake up and have just a made enough investments be' Clearfield few hours in the morning before fore I’ve learned along the way B TitleposRion: Ownermanager I come to work I come here the Q What is your view of the - whole da y and half the night employee-employrelationBHeld how long: December ‘ - - shfpT By the" time I do get home my 1989 ' A Having honesty is the kids are either in bed or screamB Age: 28 most crucial I’m honest so I ing I use to enjoy life but I B Salary range: $20000 to t would expect my employees to don’t have time anymore be I would have to have trust - L What was the first job you $24000 a year in them ever held? - - Ov What do A My first job was a bagger think of the you ‘ what would it be? work climate in Utah and how in a 'grocery store in Oregon A I wouldn't want a job I could it improve? Q Is this what you always would want all day to myself I A I think the opportunity in wanted to do? could play all day No problem A Oh no Not really I had the state is here for work There O What is your philosophy is a lot of large corporations no goals in this business at all 7? er ’ ’ ex- penses the paper was unable’to meet projected revenue figures for the first four months of 1990 This was in line with the experience of the entire newspaper in't dustry" he said The industry has not seen sgch a downturn since the early 1933s Last year advertising was 28 percent from 1988 according 'to Leading National Advertisers an advertising tracking firm J “After a decade of remarkable growth most daily newspaper are getting thinner and less profitable” a report in USA Today i said Nationwide newspaper advertising revenue rose 38 percent last year — its smallest increase 'since 1970 the Newspaper Advertising Bureau reports But that was largely due to rate hikes apd didn’t keep up with inflationJ Local advertising has been esby financial pecially hard-h- it troubles in the retail industry experts say Still Hatch said the Standard anticipates better revenues ifor the rest of 1990 and no other ' f 1 moves are foreseen Hatch said outplacement agencies have been contacted to hlp laid-of- f employees with any problems related to their job search don ’ 8 J& L Utah banks more than double earnings in 1 989 Bank the largest in the state with By KRISTINE M LOOSLEY Standard Examiner Utah banks earned $73 million in 1989 more than double the industry’s earnings in 1988 according to a new report Improvement in the state’s economy and general economy in operations at the institutions is credited with most of the increase Assets at the banks grew by 92 percent to $1215 million according to the report from SheshunofT Information Services an Austin-Texbased bank rating service as In 1988 poor performances were posted by several of the state's largest banks mostly as a result of loan write-off- s Those in have some improved problems cases with better performances in 1989 posted by 12 of 15 of the largest banks Lor example at First Security $34 billion in assets earnings grew by more than $10 million to $275 million in 1989 according to the report First Security’s assets grew by 12 percent last year Zions First National Bank the second-largein the state with assets of $25 billion posted A dramatic turnaround While the bank posted $128 million in losses in 1988 it chalked up earnings of $162 million in 1989 Valley Bank and Trust with assets of $1008 million lost $65 million in 1989 to post the state's biggest loss They’ve blamed their problems on loans and have put cash into s reserves The Phoenix-base- d bank has suspended dividends Ogden's largest bank Bank of st loan-los- Utah posted earnings of $418000 in 1989 up from $355000 in 1988 Loans at Bank of Utah increased 32 percent and the amount of -" ing loans dropped by mbre than 22 percent The amount of capital investment at all the state’s banks is strong with no institution reporting a capital-to-ass- et ratio of less than 65 percent Total assets at the state’s 57 institutions increased 92 percent last year and capital investment also grew The ratio of increased from 824 percent in 1988 to 870 in 1989 Loan volume increased at most capital-to-asse- institutions ts and 96 percent overall At the same time loans dipped 119per-cen- t Only 129 percent of all of the institutions’ total assets are in bad loans Of all outstanding loans there are 198 percent considered 1889 earnings at Utah’s 15 largest banks: “ Company Net Income Assets losses First Security Bank of Utah SLC $341 723000 $27496000 Zions First National Bank $LC X : '$2500694000 : ":$i6239oodr -$6488000 Valley Bank & Trust South Salt Lake $1008133000 First Interstate Bank of Utah $LC X $1008396000" ::$6715CPC( $863660000 Key Bank of Utah SLC $8870000 $609998000' fWeSlOfie Bank SLC $35i5ooo $355877000 $4501000 Peoples First Thrift SLC Citibank SLC Utah $186581000 II$3240000 ( Merrill Lynch National Finance SLC $1352000 $178881000 5480000 American Investment Bank SLQ $134561000 Bank of Utah Ogden $418000 $133318000 $110305000 :l $583000 'Draper Bank & Trust Draper Central Bank & Trust Spring ville $1699000 $108965000 Deseret Bank Pleasant Grova $103130000 ' "$1007000 Barnes Banking Co Kaysville $88963000 $1223000 1 -- State total Boorc $73138000 $12152274000 Sheabunoff Information Sarvlcaa Standard-Examine- r graphic |