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Show rrrrrr rrr ? ? v- fljc jlalt -- - Cake (Eribnnf Thursday Morning. August I) sM-io- id and Down the Street By Hubert H prompted bv (omplamts - seme from competent sources and some apparently from people with their ov er selection procedures and own mt rest m mind about the candidates and occupants of the post In addition to omplamts about inkrnal prove-duies- , theie wen accusations, he said, that the office had made had loans ever a period of years t nder llie circumstances, he said, he felt to maintain offn e standing and credibility, that a ev lew w as net essary Woody Tribune Business Editor It's back to square one for the Small Business Administration in selection of a director for the Salt Lake City district office On Wednesday, SBA administrator James C Sanders said he was reopening competition for the district director's position He blamed "technical errors in procedures applied during selection of the present ,u. director, R Kent Moon, for the problem The Mr Moon has held the post just three months It has been a center of controversy ever since the 1930 retirement of Clair K Hopkins, who held the post for more than a decade Acted After Request Mr Sanders said he acted after I tah Republican Congressman Dan Marriott asked for a review of procedures in hiring the present director Rep. Marriott told The Tribune that his action was Sharp Earnings Drop Northwest Energy By Earnings of Northwest Energy Corp. City fell sharply in the second quarter of Salt Lake However, the company's full year earnings should be only slightly lower than those for the previous year, John G. McMillian, chairman, said firm reported $1 8 million in the second on operating income of $302 f million, compared to $11.2 million in earnings on operating income $287 2 million for the year-agquarter The quarter Mr McMillian said second quarter income was hit changes in assumptions applied to the mterim-penotax allocation method, higher interest costs and reduced allowance for funds used during construction A FI 'DC and for investment tax credits by lie said the trend will continue lor third quarter However, the fourth quarter will benefit from tax assumptions, from new rates for the Northwest Pipeline subsidiary and from operating improve merits for other subsidiaries Those factors should result in fourth quarter earnings substantially exceeding those of the 1981 fourth quarter. He said there were benefits from increased investment tax credits and related to the companys investment in the Northern Border Pipeline Project But in 1982, those factors were more than offset In reductions in those items for the Northesl Pipeline because of completion of a major const action project in 1981 and discontinuance of record AFlTX-relateearnings because of the previously announced delay in the Alaska Natural (las Trails purl a lion System Northwest and its partners announced the postponement on the Alaskan project on May 1, riling high cost of finance and slippage in energy fuel prices Hirer Plead lAPi Three nun connected with the giant Japanese firm Mitsui and Go. pleaded innocent Wed nesday to charges of conspiring to dump bargain priced see m the Cmted Slates Iwo-yea- r Uliilm to Visit JiijKin The arraignment before a I S magistrate came two weeks after the Amerii an arm of the Clinton I. Mott, president of Clinlon P Mott & Associates, Salt Iaikc industrial engineering consul taut s, will be one of 17 American engineers who visit Japan in Scptemlier under auspices of the American Institute of Industrial Engineers and the Japan Production Institute Japanese company pleaded guilty to a 21 count indictment and paid the C.S Treasury Department $11 million in civil fraud penalties and $210.0ou m i rimmal fines The group will visit auto and camera m.mulactur-mplants and also will review Japanese advances m robotology Editors brokers consensus subiect to change Credit Cards Suspended Program Boosts Firms Profits Cash-for-G- as homas C Hayes Times Writer By LOS ANGELES to know what this the analyst said. This business is based on volume and on capacity utilization. And its still not clear what Arcos numbers are Arco said last spring that by eliminating its credit card system, it would save $73 million and thereby would reduce the price of gasoline sold to dealers by about 3 cents a gallon, representing the cost of running the credit operation. Arco also has maintained that its four large refineries, which process an average of 105,000 barrels daily, compared with an industry average of 05.000 barrels a day, heighten its cost advantage against other major refiners Volume Nearly Doubled Morrison, speaking at a news conference here at Atlantic Richfields headquarters, said that the 3,000 Arco stations increased their average monthly volume nearly 50 percent, to 100.000 gallons, compared with a national average of about 50,000 gallons a station The rise m demand helped spur a GO percent boost in profits before taxes within Atlantic Richfields marketing and refining operations in the second quarter, he stated. The divisions reported pretax profits of $153 million in the quarter ended June 30, up from $92 million a year ago It s too early means, New York With many of the nations major gasoline marketers in- troducing discounts this summer to i ustomers who pay in cash, a company with one of the earliest and most ambitious programs, reported that its plan has been a success The Atlantic Richfield Co, which suspended credit cards sales on April 15, said that its total gasoline sales increased 15 percent through the end of July Moreover, purchases at Arco serv ice stations rose nearly 50 percent. "The customers responded more said quickly than we anticipated, James S Morrison, president of the Areo Petroleum Products Co., a division of Atlantic Richfield. He went on to say that w'hile Arco stations attracted thousands of new customers shopping for lower prices, "we would not have been able to enjoy the gams we've made if we had lost a majority of buyers who had used credit Analyst Voices Caution One energy analyst, however, voiced caution at the Atlantic Richfield statement The analyst, who asked not to be identified, said that Arco might have benefited initially from extensive publicity regarding its move toward the low end of the retail gasoline spectrum Australian Television Bureau was entirely unamused'' by the attack The TV Bureau filed a complaint with the nations media council, which quickly ordered a halt to the campaign Although .it's doubtful that the NAB would utilize such a stinging strategy against its broadcasting ompetitors, the battle for ad revenues remains fierce. NAB President Craig Stunden recently told the International Newspaper Advertising & Marketing Executives convention in San Diego that the industry expects advertising gams during the remainder of thoyear. Standen predicted 1982 will end with newspapers realizing a 9 percent increase in ad revenues from last year's $17 41G billion Foreign Carmakers Net Third of July Sales By Michelme Maynard United Press International Writer DETROIT Foreign automakers grabbed their second highest share ever of the US market in July while domestic manufacturers logged their worst sales rate in 21 years, figures showed Wednesday Total industry sales for the month were G55.980 cars, down GG percent from last year and the worsi for the month since July I9G1 Imports accounted for nearly a third - 31 3 of those sales, their highest percent market share since a record 31 9 percent in December 1981 Sales per day were Hie worst for the industry since I9G4 Domestic ears sold at the worst rate since Domestic ears in July sold at an animal rate of 5 2 million vehicles, while imports sold at a rate 2 3 million Domestic automakers' sales in Julv ii What is were 429,908 ars. down 13 5 percent from July 1981 Sales in the final 10 day s of the month dropped more than 8 3 percent The daily selling rate m the final 10 days of the month was the worst since I9G1 So far this year, 3,304, 730 American made ears have been sold compared to 3,805,180 in the first seven months of 1981 - an It G percent decrease Automakers had hoped the July personal income tax cut would boos! sales and to lure prospective buyers, incentive programs were reinstiiuted Despite General Motors Corp 's drive to move vehicles, Ms sales dropped IG percent for the fund in days of the month, with sales of 107.3'nl ears versus 128, 04G last year GM's July sales dropped 18 G peri cut Its sales for the year are down II I percent from last year Ford Motor Go reported a surprising 21 7 in the percent increase final 19 percent Its sales for the year are down 4 percent, however. Chrysler Corp said its saies in the final 19 days of July dropped 7 percent from a year ago Chrysler, which is offering five years free maintenance on its domestically produced cars, sold 22,537 models versus 24,234 last year. days of July G Analysts credited the increase to the company's offer of 5 percent rebates pbn two years free maintenance on its fionl wheel drive subeom pacts Foi d s sales for the month were up 8 I Msaasaasffisri slow-sellin- l, 1 IJI&L to OffW APPLE PLUS II 64K Model TRS-80- " Accounts Receivable ($299) Accounts Payable ($299) Line Printer VI and Cable Payroll ($399) lower cove V0 doy v SALES SERVICE nrmnty COMPUTER CENTER oil Apple & irlli (or 100 i Set file UfTiCJinq Ace 100 o! the romputer speciolilf C The Ace A 1700 N. Sondy Slot, 10, Provo jr.iu'iut fu i f t )Mf'( lit A It ' trH -- LEASING TRAINING fdruJy ,f, OGDEN Kmarl '.hopping Canter Wall Ave ib (BUD JU4 Lbb Mon Fri. 9 a rn 7 p rn Sat. 9 a m. 6pm Expanded Computer Di;4 ; SALT LAKE CITY, Valley Fair Mall 377-996- 4 i (; SAIT LAKE CITY 4 I 3 bill Axe (BUD CV 4HU i COMPUTERS MADS EASY 3 Stock Utah Power & IJglit Co. will offer 5 million shares of new common stock to the public Thursday at $18 50 each Underwriters are Merrill Lynch White Weld Capital Markets Group, Goldman, Saehs & Co., Kidder Peabody & Co and Dean Witter Reynold Inc 'Hie firms current annual dividend on common stock is $2.28 per share. Verl Topham, vice president and chief financial officer, said the offering brought the utility net proceeds of $89,8 million and will lie applied to payment of short-terborrowings used to finance const ruction. Ttie last common stock offering was December, 1981 when 4.1 million shares were sold. Airline Will Cut S.L. Leg Cascade Airways POCATELLO, Idaho (AR) plans to discontinue service from Pocatello to Salt Lake City in order to remove Salt Lake City and Twin Falls entirely from its route on Sept. 1, officials of the Spokane-baseregional airline have announced. Cascade will continue to operate between Pocatello, Idaho Falls and Boise, connecting the Idaho cities with Lewiston, Moscow, Pullman, Wash., and Spokane, Wash., said Cascade marketing vice president Mark Nillson d SATURDAY Yes I LL see You at 8:00 sharp BB AUG, 1982 OUR ANNUAL PARKING 8thouth LOT SALE STATE I'vv sample: Adler Satellite $198.00 port. T.W. new Adler Office Machine, new from $245.00 Recon. IBM Typewriter from $175.00 Casio Watches, new, $4.00 ail at 4 bargain prices. Add Our Software for: General Ledger ($199) II Business Computer RAM K 10 key numeric pod Auto repecil keyv Built-icoolinq tun 00 duy wcrrrooly Now Reg. Separate Items 4698.00 Plus Software 00 profes- ot r, feyxxvwj'ailiRl 132-Co!u- 255-681- Moody's said U.S. Steel's debt remains a good investment but the ratings were cut because of the steadily worsening condition of the domestic steel industry. two-leve- r, Tables, Video Flecorders 48 90th South debt securities Wednesday lowered its ratings on certain borrowings of U.S. Steel Corp., the largest U.S steelmaker million-dolla- sional building is to lie completed by principals announced Project owners and managers are Marc Nick Mascaro and Lewis B. Quigley, partners in the Midvale law firm of Mascaro and Quigley. The brick and glass building was designed by Salt Lake architect Ronald L. Molen and is being built by CM C. Inc. Construction financing was arranged through First Security Bank of Utah, N.A. The project represents the first use of industrial revenue bonds by the city of Midvale. The long-terfinancing was arranged by the Bradford Group West through Idaho State Bank and Trust Co., acting as trustee for the Idaho State Employes Pension plan. stereos, Speakers. Turn RAM PIUS -- YORK Moody's Investors Service Inc., which judges the quality, of corporate Special to The Tribune Willowbrook Professional Plaza, a MIDVALE! Brother, manual T.W, from $39.00 Television color 13 inch $259.00 Radios, stereos, Car System Includes: I Reuter News Agency N E W Building Dale Sel sweeter FRANKLIN ACE Upper Moodys Ratings Mithale Plaza as low as The Franklin Ace 100! K Debt Securities "We are very proud of the increased productivity, said Antonio R. Durando, vice president of Western Slope's parent company, Northwest Coal Corp. He noted that the mines longwall operation, the only one in Colorado's Gunnison River North Fork Valley, aided in the production increase. The longwall operation is a $9 million investment and has replaced continuous mining, he said. Operations at Hawks Nest Mine are now limited to the west portal Operations were moved from the east portal which was the source of the mine's entire production Western Slope plans to mine the west portal for three years and then resume production at the east portal where most of the reserves are found Reserves are expected to last 30 years at current mining rates. The mine employes more titan 200 SAVE 361 ON THIS COMPLETE ACCOUNTING SYSTEM than an Apple'? 64 y an-shift By ( lark Bell Chicago Sun Times Writer Maybe the Newspaper Advertising Bureau can learn a few tricks from a counterpart group in Australia as it fights for a logger slice of the advertising pie Dr perhaps the NAB should ignore (tie tactics used by the Aussie Newspaper Bureau, winch recently ignited a media war wdh a promo lion it ran m the Svdnev Morning Herald The controversial message to advertisers slated "On the average Saturday mght, GO percent of the people supposed to be watching your new TV commercial will be drunk Or in the bathroom Or making tea Or making love." The International Advertising & Media newsletter reports that the SAN FRANCISCO Its Production mid-Ma- Ad Tactics Ignite Media War Innocent in Mitsui Case Mine Increases Errors lie said while the SBA has not advised him of the technical errors involved, he understands that Mr Moon had been piocessed by the SBA through a channel other than that which should have normally applied He said, too, Mr Moon's application may have contained an inaecuiaey, not as function of intent bv Mr Mcion, lint because of a misunderstanding bv Mr Moon of what the SBA wanted In a "Job opportunity Announcement effective Wednesday, the SBA did not indicate technical failure of its predecessor announcement It did comment, however, that the original announcement "used an incorrect qualification standard, therefore this entire action must tie reconstructed " Will Continue as Director Mr Moon told The Tribune Wednesday that lie will oat nine as direc tor during the "reconstruction, and it is lus intent to reapply Mr Moon termed himself a career employee of the sB, which tie joined I in 1971 following graduation fiom the University of tall lie said he was well qualified for the job and "1 am the ties! man for the district director's job Others also have felt Notable among them is John N (ialums, Salt Lake City, who claimed that his own business and federal experience, as well as lest results, proved hint the best man for the post Created Controversy Mr (tulaiiis s representations, though unheeded, i rented a cloud of controversy. The SBA m June, 1980, named Thomas Triniholi, formerly a counsel on the House Committee1 of Small Business to become district director Shortly' thereafter, the SBA aborted the assign ment, ami switched Mr Triniholi to Phoenix The office was manned in house by a succession of "interim directors until SBA named Washington, DC staffer Walter Day to the post M r Day held the post for 15 months until what was presumed to have been a more enduring assignment of Mr Moon to the position. a Special to The Tribune Western Slope Carbon s SOMERSET, Colo Hawk's Nest Mine here more than doubled production since June production was 124, IKK) tons. Western Slope is a unit of Northwest Energy Co., Salt Lake City. The tonnage lefleets an increase from 11 to 29 tons penm- i Not Advised of Iad.-- TEN MOST WIDELY FOLLOWED STOCKS IN UTAH SBA Seeks Director Again 5, 1982 ATARI HOME COMPUTERS AKES TYPEWRITER COMPANY III South Slalu (Across Irorri Soars) Phono J2b 4941 rnlay 9 00 a rn lo 5 30 p in Saturday 1U 09 a m to 4 00 p m Crili.ulalors Cash Registers Dictation Equipment Monday through UMk.u F t urriiiuro bupplnr, Vnlno and bound Equipment A |
