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Show ifti'ryrtMVtiBfr'iiii-rfi-r- i im Mipp iiairnfi'ilhiia ji1ttrriigpfintirnTi fif r IJ.S. Autos Sales Better Than Expected autos in the Sales of DETROIT (AP) lirst 10 days of the year fell only 4.4 percent from last year's opening, a better performance than expected by some industry analysts. General Motors Corp. carried the industry to the relatively strong showing, reporting Tuesday a sales decline of only seven cars from the opening period of U.S.-mad- e 1079. the Big Three, sales at Ford Motor In the rest Co. fell 17 percent and at Chrysler Corp. 18 percent, performances typical of the fall doldrums. Small-caspecialist American Motors Corp. saw sales jump an estimated 88 percent and Volkswagen of America sold 64 ereent more Pennsylvania-buil- t Rabbits than it did in early January last year. The five U S. producers delivered 100, (K)0 cars from Jan. through Jan. 10 compared with 167,415 in the same period last year. Always optimistic GM, whose president on Monday said he hoja-- for the recall of laid-of- f workers within a month, said it expected sales to of 17 18 Employees of Airline Stage Wildcat Protest 'Business Ford said it detected an improvement from November and December, but Gordon B, Mackenzie, vice president for sales operations, said, "It's too early to call it a trend." Eleven ground workers at the American Airlines terminal at Salt Lake City International Airport walked off their jobs Tuesday for about an hour in connection with a wildcat protest staged by the Transportation Workers Wednesday Morning Here are the company results: GM, 98,883 versus 98,890, even; Ford, 37,271, down percent from 44,775; Chrysler Corp., 15,458, down percent from 18,945; AMC, an estimated 4,000, up percent from 2,125; VW, 4,388, up 64 percent from 16, 1980 Union. Section 88 2,080. t I'age 6 r 1 improve. Some of the people who have been sitting on the sidelines are now returning to the marketplace, said Koliert D. Burger, GMs vice president in charge of the marketing staff. Toledo Drilling in Texas Toledo Mining Co. has started drilling an oil and gas well in Jack County, Texas, Anthony G. Hatsis, president of the Salt Lake company, announced. It is the first involvement of Toledo in that state. The primary target Strawn formation at 3,600 production from the is oil feet. Toledo will own a 25 percent carried interest in any production from the well until recovery of the investing group's drilling costs. After recovery, Toledo would share interest on a 0 basis. in the working 50-5- Pivncli Self-Deni- al Leaders Claim Inflations Beatable WASHINGTON (UP1) Administration leaders Tuesday told 2,000 representatives of small business that inflation can be conquered only if America tightens its belt., suffers some economic austerity and reduces dependence on foreign oil. By and large, the message was well received by White House conference on delegates to a week-lonsmall business. Treasury Secretary G. William Miller was warmly applauded when he told a luncheon attended by half the delegates that the government must return to a period of fiscal discipline and hold down its deficit. "If we are willing to accept and to share fairly some austerity now, Miller said, all of us will be able to reap the greater rewards of our nations bounty as we return to the period of balanced economic growth, price stability and full employment that is the goal of our economic policy. Across town, President Carters n chieftain Alfred Kahn told a luncheon attended by the other half of the delegates, I wish I coul$ tell you that well soon be seeing inflation rates of 4 or 5 percent. I cant see it. Theres no point trying to fool you or ourselves. This is one hell of a problem, and its solution calls for some basic changes in our society, in our national psychology. And they are changes that are not going to come easy. But they are going to come. WTien we finally understand the nature of this problem we will buckle down, we will tighten our belts. We will do the saving and the investing and the worker who they felt was being harassed," He said the local workers were off the job from ubout 12:30 to 1:40 p.m. Things are back to normal now," Mr. Pyke said. y January YTyrTy i16 11 iakf tribune .Salt 11 ttvntft'jfrT(mixmm and the conservation and the hard work that its going to take to lick this problem. There is no other solution. A Miller also was applauded when he called for reducing regulatory burdens on business self-deni- Nonstop Service Salt Lake City American Airlines General Manager Cliff Pyke said airline services at. the airport were not interrupted, as supervisory personnel helped move baggage and unload planes during the walkout. The 11 employees were joined by nine off duty workers during the protest, he said. The walkout was called by TWU officials to protest the treatment of a n worker who was suspended without pay at another airport. Union members in Salt Lake City were joined by workers at four other airports throughout the country. Mr. Pyke said the union apparently n wanted to take the side of this Special to The Tribune Frontier Airlines will DENVER between Salt service begin nonstop Lake City and Helena, Mont., beginning Feb. 1. The flight leaves Salt Lake City at 8:52 and arrives in Helena at 10:06p.m. At 10:26 p.m., it continues to Kalispell, arriving at 11:09 p.m. The return flight leaves Kalispell and Helena respectively at 5:10 and 6:11 a m., arriving in Salt Lake City at 7:18 a.m. Frontier will operate Boeing 737s on the route. non-unio- non-unio- g Flights Returning to Airlines Family-Far- e Los Angeles Times Service Five airlines have joined a mad scramble to shore up their lagging wintertime traffic by resurrecting a popular promotion from another time the family fare. And one of the five, Trans World Airlines, Monday heightened the already intense competition by reintroducing last winters but sometimes unprofitable popular "kids fly free promotion. Good grief! exclaimed one airline official Monday afternoon. 1 don't know what it all means." Its meaning to passengers, however, is clear. Families who can arrange travel to begin by March 27 and end by May 31 will realize substantial savings in air fare. TWA, for example is promising that its new discounts will allow a family of four to fly for less than the price of two. Its meaning to airlines isnt so clear. Industry analysts observed that in their search for ways to oltset airlines' traditional wintertime slump, some carriers could incur losses by offering excessively liberal discounts. What started out as a reasonable discount from a profits standpoint could said turn out to be not so profitable, Michael Derchin, an analyst, for the New York brokerage of Oppenheimer A Co. Only time will tell. The scramble started last week, when American Airlines asked the Civil Aeronautics Board for permission to offer a family-far- e plan. The CAB quickly gave its blessing and the plan went into effect Saturday. Since then, four other airlines have matched Americans promotion. Under the plan, when one adult family member pays the full day or night coach fare, a second family member receives a 50 percent discount from the day coach fare and all other accompanying family members travel at 60 percent discounts. There is no limit on the number of family members who can receive discounts, but children must be under age 18 to be eligible. There are a couple of catches. Travel must begin by March 27, meaning some families wont be able to take advantage of the discount for Easter, which falls on April 6 this year. Travel must end by midnight May 31, and reservations must be made and tickets purchased 24 hours before the flights departure. Utah FirnvReveals Gas Discovery Well REPORT OF CONDITION of "Brighton Bank" of Salt Lake City, In of Utah at the close of busings on December 31. 1979. ASSETS $ 2,409.000.00 Cash and doe from banks State Government Obligations of other agencies and corporations Federal funds sold and securities purchased under agreements to resell in domestic offices a. Loans Total (excluding unearned Income) b. Less: Reserve for possible loan losses C. Loans, net Bank premises, furniture and fixtures, and DELUXE OFFICE AND LIGHT INDUSTRIAL SPACE 150,000 00 1,050.000.00 ALL OR PART FOR LEASE 9, 330, 000. 00 92,000 00 9,238,000 00 other assets representing bank premises 785 000 00 600 000 00 14,232.000 00 Other assets TOTAL ASSETS LIABILITIES Demand deposits of individuals, partnerships, and corporations Time and savings deposits of individuals. Exceptional location. 330 580 :q e loading dock, adequate parking, 4,144,000 1,200,000 296.000 . . . fur light industry computer and similar walk-i- i level. gupbios Immediate occupancy 8000 sq. ft. basement storage witk elevator and conveyor TOTAL DEPOSITS IN 12.520.000 00 DOMESTIC OFFICES 7.176,000 00 a. Total demand deposits b. Total time and savings deposits 5,344,000 00 TOTAL DEPOSITS IN DOMESTIC AND 12.520.000 00 FOREIGN OFFICES 573, 000 00 Other liaoiiities TOTAL LIA6LlTlES (excluding subordinated note CONTACT 2880 South .Main Salt Lake City. SAM GUSTAFSON FOR THIS & OTHER Utah 84115 CAPITOL INDUSTRIES. INC. (801)486-840- FINE 9 OFFICE SPACE M-1- 00 13.093.0f EQUITY CAPITAL Common stock a. no. shares authorized. 200,000 b. No. shares outstanding. 100.800, 5 00 (par value) i.qf'trfl e Meal conference or executive offices saies or supervisor offices 10 6,680.000 and debentures) 3450 tq. ft ProductionAisembly Storage e Rttngeidled aircond'tionmy wei 500 So. Refrigerated airconditioninii paneled walls ca'petnig 3 partnerships, and corporations Deposits of States and political subdivisions Certified and officers' checks W. It. Office Ambra Oil & Gas Co., a Utah corporation with offices in Salt Lake City, has drilled an apparent new discovery gas well in Grand County. The Tumbleweed No. 1 well, located in the Cisco Dome area, was drilled to a total depth of 2,477 feet. The well was tested in the Dakota formation with a calculated flow of 2.2 million cubic feet of gas a day. The Buckhorn zone, several hundred feet below, was tested and stabilized at 2.15 million cubic feet of gas a day. Another company, Willard Pease Oil & Gas Co., has begun the drilling of three wells on its 20,000-acr- e block in Grand County. Willard H. Pease, president and chief executive officer, also announced that the companys Westwa-te- r 0 natural gas well in Grand County has been placed into production and delivery from the well is scheduled to begin immediately. Another Grand County well; the Anschutz CC No. 5 oil well, has been successfully fractured and swab tested at 35 barrels of oil a day and is being prepared for pumping operations. V'k-'- V, ' 504.000 00 400.000 00 235.000 00 1.I39.0UO OO Surplus Undivided profits TOTAL EQUITY CAPITAL TOTAL LIABILITIES AND EQUITY CAPITAL , Attest: Mr. Mr. Frost Vaughn L. Belnap has announced the opening of the Salt Lake branch office of Thomas L. Trout & Associates Inc., a Los vice president, northern regional manager in Layton. Mr. Frost, a Weber State College graduate, had been branch Angeles- - based management consulting and executive selection firm. Mr. Belnap will be vice president-general manager of the office. . Earl V. Swift has new . X Mr. Belnap ill be responsi-company- s oil throughout the Salt Lake City major refiner and lubricants. American Savings & Loan Association, Salt Lake City, has announced the if promotions of three employees. Bob 15 Ford, manager of the mortgage loan department of the Utah Division, has been named senior vice president. Mr. .1 Ford, a University of Utah graduate, has been with American Savings since fill 1959. Norm Frost has been promoted to - ' ' 6 1--3 1 4 FRASER JAMES DAVID E. WORThF.N CLIFTON E. HEDGEPETH R PA Directors A State of Utah. County of Salt Lake ss Sworn to and subscribed before me this 11th day of Jan. 1980. Lolene M Adams Notary Public STATE OF UTAH manager in Ogden. Jim Nebeker has been named vice president, loan servicing manager at the Brickyard. Mr. Nebeker had been assistant loan servicing manager. . . Stephen L. Morehouse has been appointed manager of passenger and freight sales for American Airlines in the Salt Lake City marketing area. Mr. Morehouse will have responsibility for Utah, Idaho, Colorado, Montana and Wyoming. . . Four Salt Lake City restaurants have been rated among the nation's finest by United Mainliner, the monthly inflight magazine of United Airlines. Balsam Embers, Finn's Restaurant, La Caille At Quail Run and The Roof Restaurant at the Hotel Utah were selected among 187 outstanding dining places in 23 U.S. metropolitan areas. Gold, Silver Seized Reuter News Agency TAIPEI Security authorities said Tuesday they had seized gold and silver worth about $1.4 million and arrested 18 Taiwanese fishermen on charges of illegal trading with Chinese fishermen. -- 1 hpi-- Financial Institutions Department I, Richard L. Burt, Chief Examiner of Financial Institutions, oo correct copy of the e is and true that the foregoing hereby certify statement of the above named bank, filed in ths office on January 11. 19o RICHARD I BURT Chief Examiner of Financial Institutions Mr. Nebeker trea Business Trndewinds been appointed MiiMigi5i.'hii ' , i , ttira nrotirlont rf 14.232,000.00 MEMORANDA Average for 15 or 30 calendar days ending with call date: 1,712,000.00 a. Cash and due from banks b. Federal funds sold and securities purchased under 1.547,000 00 agreements to resell 9,066,000 00 C. Total loans d. Time deposits of $100,000 or more in 1,667,000 00 domestic offices 11,963, 010 00 e Total Deposits 463,000 00 of rredt outstanding Standby letters Time deposits of $100,000 or more in domestic offices: a T i me certificates of deposit in denominations of $100,000 or more 1,725.000 00 two Number of operating branches as of call date I. Phmp Gibson, of the above-namebank, do solemnly swear that this report of condition is true and currect, to the best of my knowledge and belief. PHILIP GIBSON Correct &Mx,Ford Mr. Swift 1 i PRIME of NEW i L.u REPORT OF CONDITION REPORT OF CONDI TION OF "F IR5T SECURITY STATE BANK" of Sait Lake City In the State of Utah at the closeot ousinesson December 3I- - w'ASSETS $10 279.000 00 Cash and due from banks.. uiiwahons of other U S. Government agencies and corporations 3. 074,000. Obligations of States and political subdivisions Federal funds sold and securities purchased under agreements 15 if iw to jnn rwi ....... a. Loans, Total (excluding 00 $54,201,000 income) unearned b Less: Reserve tor possible 554.000 00 $ loan losses 53,647.000 c Loans, net 394,000 Direct lease financing Ban premises, furniture and fixtures, and other ? 314 W assets representing hank premises 123.000 Real estate owned other than bank premises 2,272-00Other assets $94,530.000 TOTAL ASSETS LIABILITIES Demand deposits of Individuals, partnerships, V' no Annual Interest Rate Effective 00 00 00 00 00 00 11780 through 12380 41.780 000 00 2n8 17.0)8-00- 1,424. 0UQ 00 00 00 TOTAL DEPOSITS IN DOMESTIC AND FOREIGN OFFICES Federal funds purchased and securities sold under agreements to repurchase in domestic offices Other liabilities TOTAL LIABILITIES (excluding subordinated notes and debentures ) Subordinated notes and debentures IGUITY CAPITAL Common stock a No. shares authorized, 100 000 b. No. shares outstanding, 100.000 (par value) $ S $3,471,000 00 $724,000 00 00 total equity capital TOTAL LIABILITIES AND t .1.000 00 ll'tsS'ffio 00 3?.. 00 00 OOP for accidental death for the 6 months the Money Market Certificate is in effect. Limit of one policy pet person. Ask at any bank office. Correct-Att- est CHAMP ROSCOE GROVER M E. ENGEMANi W Dlractors 11th day of January, i960. LORNA CLARK, Notary Public. Department of Financial Inetjtutlons of Financial Institution, rto! I, Richard L. Burt, Chief a true and correct coov of the it tha that foregoing hereby certify statement ot the above named bank, filed in this office on January II, fhi SubstaniMl RICHARD L BURT Chief Examiner of Financial insfifuhon kJIKvIAA. 9 ZIONS FIRST NATIONAL BANK teoeMl rep, alarums p otnlut compounding of interest an nonev matsei iettitnares se.ee a lit AU 1980. Michcal J. Perrero 486-575- 7 Quote of the week: A $10,000 insurance policy 000 00 31 ,929.000 OO oi 100.000 or more ot call dale Number ot ooereflng branches as ot above-namethe do solemnly bank, I D Castver, Knudsen, Jav affirm that this report ot condition is true and correct, to the test ot mv D KNUDSEN, JAY belie) and knowledge Cashier ss State ot Utah, County of Salt Lakeme Sworn end subscribed before , volley .499.000 00 offices 78.3aa.lXj0 Totei deposits l Federal funds purchased A securities sold under 1219,000 00 rewrehese agreements to ot 1100 000 or more in domestic ottices. Time deoosits a Time certiflratet ot deposit in denominations F SPACE FLUS-H- - MEMORANDA calendar day. ending witti call dale Average lor IS or 30 from bank. a. Ca.h and due b. Federal fund, .old and weurltie. purchased under agreements to reell c. Total loans d Tima deposits of S100.000 or mora in domestic - 10,000 minimum deposit Accounts insured to $40,000 by F.D.I C. 1.000 000 00 4,200 CMC 00 SM.53C EQUITY CAPITAL $ 86.431.000 00 600 000 00 ' uXvoad hrhm. t" away from downtown congestion. 180 lost 3100 South Three freeway exits ond entrances within 5 minutes Plenty of parking with below ground level security parking available Building security and fire olorm systems Space available from 750 square feet to 1?, 500 square feet on 2 floor A building you would be proud to have your clients come to all beautifully landscaped Wheel chair ramp for the handicapped on main floor Ready for immediate occupancy Price negotiable, must lease immediately Center of the Ken Bollinger 486-755- 5 $83.471 000 00 $75,528. 000 00 157,943,000 00 OFFICES a. Total demand deoosits b Total time and savings deposits OFFICE a. w Just completed. Newest, most modem office space available for lease in the volley check these features: 00 .000 00 and corporations m""m"0? r OP .... Time end savings deposits of individuals, partnerships. and Corporations Deposits of United States Government Deposits of States and political subdivisions Certified and officers checks .. .. TOTAL DEPOSITS IN DOMESTIC ' A vN, A. , interest peivtlty required (or e.irly withdrawal That's our annual rate of Money Maiket Certificates purchased 23. The minimum January investment is $10, ()()(). Federal law prohibits the compounding of interest during the term of the account. Interest paid only when certificates held to maturity. State Savings Money Market Certificates Meitiitrt M )i |