| Show Bit smess (allt Pike Ztibunt Monday Morning—February 27 1989 Section D Page 5 - iid Lt A 4''' ' ' '" I I ' RAP T t i to - 1 p 1 i - "! Er 't IV 4- i L (:1 4- I' --- uy a I 1fi 4 1' ril '' ' 0g A -: ' rti 7 t 41- oh 100 1- r a"'''':771 -- - 4: 1: ttr 011 ' 1 741' ' '4t' i fr F 4 ' i 1 lalL6" ---- 7 ' : ii y : 1"1144400A:- d: 910- - 1 - 4 1 :ate — l'4' k 7 1 41 tt At -T "''' II '"'r- : - 7 - '‘4 - - y ' j Intermountain Area Business Tradetvinds '! Mr White ' V mai Mr Stone Mr CC White has joined the sales staff at SpartanJeep Eagle in Murray Mr White previously was affiliated for more than 5 years with Rick Warner Ford Glenn T Stone has also joined the sales staff at Spartan-Jee- p Eagle in Murray Mr Stone a native of Salt Lake City was previously manager of the Baker Shoe store in the Valley Fair Mall Brent M Feulner has been named general manager of STS Productions Mr Feulner joined STS after 10 years with Video West in Salt Lake City where he was most recently general manager He also has been a producerdirector and production Glenn manager for Video West 1 :11 Alma Feulner :161:tvill" it J'a Mr Mitchell L 41004: 41- 41111 Mitchell was recently named branch manager of First Interstate Bank of Utah's ZCMI office Mr Mitchell who has been with the company for nine years was previously a training officer responsible for training branch personnel in the firms poli- The Utah cies and procedures Health Care Association which rep- care facilities resents long-terthroughout the state recently an- nounced the selection of Sara Sinclair as chairman of the 1989 Consumer Relations Committee Mrs Sinclair administrator of Sunshine Terrace Foundation Inc a 172-be- d skilled-nursin- g facility in Logan has an extensive background in both long term care administration and Ivan Smart of Sandy a nursing field representative for Schaeffer Manufacturing Co a producer of specialized lubricants has been recognized as a leading salesman by the company during the celebration of its 150th anniversary Douglas Eyre CPA has been promoted to the position of tax manager at the Salt Lake office of Coopers and Lybrand Mr Eyre is a member of the American Institute of Certified Public Accountants and serves on the State Taxation Committee of the Utah Association of Certified Public Accountants Mr Eyre received both his bachelor's degree in accounting and by Bruce Hammond Duffy °I WISH THERE tAERE A taL4 TO PRIYERW I OH MO RELOARI7 IS THAT FEN17145 F OFF (400 NECESSAV rm!"1 HOSTILE TAKEOVER ATTErPt POFFV GOOD I d pi (r o c- "C r e4 - - ant - 0 tit -- 1114 17-' 1 Property Sales Up 37 Percent at Coldwell Banker largest increase 118 percent with 394 sales in 1988 "It's incredible how much interest there is in Park City" Mr Webber said "A serious shortage of available properties has surfaced a condition we haven't seen in a long Coldwell Banker Residential Real Estate has reported a 37 percent increase in sales last year closing 2042 residential transactions totaling $2095 million through its six offices in northern corporate-owne- d Utah "We're proud and excited about our growth and progress" said Scott Webber senior vice president The Park City area showed the time" The company is consolidating its two suburban Salt Lake operations expanding its Fort Union office to Gil liam to Produce 'Olympic Bid Book' chure to be distributed to the general public All funds for the projects are privately donated Gillham said Gil lham Advertising Inc has won a color contract to produce a "Olympic Bid Book" and other support materials for the Salt Lake City Winter Games Organizing Committee The publication — a minimum of 500 copies of which will be printed — will highlight Utah's accessibility facilities and expertise in the arena of winter sports with an eye on the city's selection as America's candidate for the 1998 Winter Olympic Games Additionl publications include a 50- - to data documentation book and 25000 copies of a bro 32-pa- (1!) : 0 ( - - - J:LJ 44 :i:-- A- - - New 1989 Audi '::' lease 4 with 324 At this price the amount of points charged by a mortgage banker to an individual selling a home to a veteran registers at 3 points — a level at which loan rates and secondary market yields are still equivalent Pedigo said A lower current coupon price and higher point levels would indicate market yields will have surpassed loan rates 115 percent The boost in the bank rate now is at its highest since November 1984 will increase costs of some adjustablhome-equite-rate mortgages loans auto dealer inventory loans and other forms of borrowing tied to the prime The Fed's squeeze on credit will drive up lending rates across the board Auto loans already have gotten more expensive — they range from 11 percent to 135 percent nationally excluding special incentive y c4 1) 028 cap cost and nt down 1 C o MONTH CD $20000 Mininum 19 payment 2 PORSCHE AUDI YEAR CD $20000 Minimum D The national average on mortgage loans is likely to s of a perrise another centage point in coming months to the 1125 percent to 1175 percent range before trending downward as the Fed gets a grip on inflation predicted John Tuccillo economist for the National Association of Realtors Unfortunately for borrowers high interest rates are the only tool the Fed has to control inflation If the increases aren't painful economists say people and businesses will continue tq borrow freely the economy will grow too quickly and shortages of labor and materials will drive prices higher In January strong economic growth produced annual consumer price inflation of 72 percent the highest in two years the Labor Department reported Wednesday Oddly in the past year the Fed's very success in establishing its credibility as an inflation fighter undermined its ability to fight inflation Investors were so confident of the Fed's ability to whip inflation that they aggressively bought long-tergovernment and corporate bonds which are sensitive to inflation 30-ye- fixed-rat- e three-quarter- (11) I 1 t! We'Y !she idly 50 United's Certificate of Deposit Li2 There are no two ways about it Invest in a United Savings One-Wa- y Certificate now ANNUAL YIELD and during the next full year your interest rate will never drop below today's high rate we wo )2 0050c 0 060 to ® 0 ©3 Americity Federal Savings Bank is one of the nation's safest financial institutions Over 75 of our assets are guaranteed by United States government agencies We do not invest in speculative real estate Our operating expenses are among the lowest in the nation We do not spend our money on expensive brass vaults or fancy marble lobbies We prefer to pass the savings on to you our customers by offering the highest CD rates possible Of course all our deposits are federally insured up to S100000 A t vo '40v:zo In order to demonstrate our commitment to savers we are offering our CD's at Jumbo Rates These rates will be available for a limited time only In order to learn more about our CD's and other products please call Mini-Jumb- fT111' z Mini-Jumb- o ow' GUARANTEE it At renewal time if our Certificates are offering a lower interest rate your certificate stays at the higher original rate If rates go up your rate will also go up to the new higher rate Our "One-Way- " Certificate is your one-wa- y ticket to financial Six-Mon- 0 - t e of i - 531-990- Fixed-ratmortgages probably are least affected by the Fed tightening but they too have risen about 1 percentage point over the past year Six-Mon-th ANNUAL RATE 1045 South State Salt Lake City (801) — because of the rising cost of funds for loan issuers Any further Fed tightening could push auto loans still higher said John Andrews a spokesman for General Motors Acceptance Corp rates from automakers cw:i x Sao419:1 Dave Altsti'lti id) rates Daa) o 100E Loaded $375 per mo! closed-en- 14) n y A That's right! Lease this brand new Audi 100E—with automatic transmission sunroof stereo and power everything—for only $375 per month plus tax & license Stock ao 63230 id) Knight-Ridde- r Financial News NEW YORK — The Veterans Administration did not raise the rate on mortgages it insures Friday but Keith Pedigo director of the VA loan guaranty services told Knight-Ridde- r Financial News the rate may be raised as early as this week if the price of Ginnie Mae 10 percent coupons falls to 95 The VA currently charges 10 1i percent on mortgages it insures and typically raises the rate by 50 basis points FinanPedigo told Knight-Ridde- r cial News the price of Ginnie Mae current-coupomortgage securities — 10 percent issues trading around 97 18 — is not low enough to push yields higher than underlying loan 0-1126c3tU- ::'':::::::-::::3- r Winkk:::A:'4: - -- VA's Mortgage Rate range of borrowing from car loans to mortgages because of the Federal Reserve's intensified war on inflation economists believe The Fed is ratcheting up rates because its steps to tighten credit so far have failed to prevent inflation from taking hold experts say The central bank's interest-rat- e steering wheel has gotten looser in recent years So it now may have to oversteer to get the results it wants — and hope it doesn't cause a crash Indeed rooting out inflation now that it has become established will take measures so tough that there is a chance they unintentionally could produce a recession economists say "In the entire last year the Fed acted with so much discretion that it was almost painful to see Now people know that they mean business" said Francis Schott chief economist for Equitable Life Assurance Society in New York Schott said there was about a 50- reces50 chance of a sion although most other economists have said a downturn this year is unlikely Friday the Federal Reserve sigcommitment to a naled its long-terinflation fight by raising stepped-u- p its discount rate on loans to member banks by half a percentage point to 7 percent its highest level since April 1986 Major banks which have been squeezed by Fed pressure on other short-terinterest rates already had begun raising their prime lending rate half a percentage point to buier6 1 ''::::!::Li::':i:$:::::: WI- his master's degree in accounting with an emphasis on taxation from Brigham Young University it Shane Brough CPA has been promoted to the position of general practice manager He has been with the Salt Lake City office of Coopers & Lybrand for six years and has specialized in improving accounting controls and procedures for small to medium businesses Mr Brough graduated from Brigham Young University with a bachelor's degree in accounting and a master's in accounting and finance He has presented topics regarding accounting services to various community and student groups By Peter Coy AP Business Writer NEW YORK — Consumers and businesses will pay more for a wide Nii) E spEcIAL! tk Mr Brough A u Shuttle 60-pa- LI accommodate the sales associates from its Midvalley Family Center office Mr Webber has been named senior vice president and chief operating officer of the new Rocky Mountain Region overseeing 14 offices in Utah and Denver organized at the first of the year Dick Webber who has completed a national assignment with Coldwell Banker's Expansion Division in Southern California has assumed duties as Utah District vice president and will manage the South Davis office in Bountiful 41) — Holds Its Ground 1 REWAR17 ' 1111i- Mr Eyre Mr Smart Mrs Sinclair Fed's Tight Rein Ups Costs Now Blocks Rtmaway Binge Later ' r L1 amt - - - 3 1:1"-1 444tt- - 4 i :) i A o-d- )- : ::77 ' - ' : '4'' '- ':: r 1 - 1- 4y ' Toll Free th success 00 o 90 Rate good through 41 Suhstantsal penalty for early utthdrattal Ar March Rates subject to change ti ithout nonce 1 1989 o ro '88 AUDI 80's A & 90's FSLIC Drtve drive Audi Quattro from Steve Clifford Motors at ordinary car prices four-whe- a P p i Call tor orSce quicken on our Meted reenber ai 'SS's still avallablo LI --- k or 500 CASH $2 G REBATES corrosion protection Roadside Assistance - It-1 or cF' :fg a ' 4 4 O'' n 0 0 11 IV w !! ' - - 257 EAST 200 SOUTH SUITE 150 SALT LAKE CITY UTAH 84111 (801) 1 CALL SALT LAKE DIRECT: ) 14 596-100- 3 BANKTM 88 90 UNITED SAVINGS BANK NETWMIK Ent Substantial interest penatty for early withdrawal Nerd Swath Olice 376 East 400 South C4 1owsed 1845 Fort Umoo 5304850 Ihnotolat 319 South Main 5 West Jelin 7991 South Redwood Road 1Plirr Attla:140114 G isiVONWIDE AMERICITY FEDERAL SAVINGS Excluctos teams Some restriction apply Soo us tag details Landed warranty against corrosion concretion Provided by tho Untied Pates Au SO Club Motoring DOVIttOn Inc S i9S1 Audi SutOect to prim sato - - Ll "AUDI ADVANTAGE" No charge for scheduled maintenance for 3 years50000 miles Guaranteed Resale index certifying trade-i- n RATE DEPOSIT 11000 to $9999 $10000 or more - P17:6171 355-227- 7 A WSXbSWoimi-4116401&og114M!!m- nit olkaft4PC0s00mOPPU M406g7k1-cgMoM04k- |
