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Show I I It Th Salt I. ke Tribune. Sunday. April 19. ' i Western S laris Flying From Salt Lake to London Friday Nevada, Arizona and I tah markets In addition, he said, it is the dream destination for United Kingdom travel ers infatuated with the American West wear Ixmdon is full of western shops, and cowboy hats are breaking out among the bowlers Western also has diverting attention of U, K. skiers traditionally to the powder accustomed to the Alps of the Hockies and the Wasatch. Further, there is a growing business-energlink between the North Sea petroleum developments and the Denver centered Kocky Mountain jiet rnleum play, he added. nations Earlier this year, it was promoting the Salt Igike Imdon route at an APEX fare of $5!'H with a mere $'9 more for a spouse The same $'W applied to the F rankfurt fare. Ix-e- Loss in Quarter And while it exHcts to show a loss the first quarter of 19H1, it will In Ihe continent from Suit Lake City, Trans World Airliru s tiegan service via St Ixiuis amt New Yolk Kennedy nearly two years ago ami includes Frankfurt. Madrid and Paris as desti- single arncr service For example, Denver has good ba k up for Western out of its California, Continued From Page B 12 which had viewed Minneaimlis-S- t Paul as near a direct route to Indon as it could ask Western also received other disappointments. Its efforts to merjje with Continental Airlines were rejected, and in WHO it lost $29 million due to high fuel costs and a sharp drop in leisure market travel. It has since furloughed staff and rut hack in operations, thus improving load factors in the first quarter. While the $00 fare was good only through March 31, TWA will match Western fare for fare on the Salt Lake City Iaindon schedule, the carrier told The Tribune. Further, it said, it offers daily flights and landing in Heathrow with its advantageous connections to other y for he considerably less than the year-agquarter, Arthur K. Kelly, chairman, told The Tribune. In addition, while its renewed efforts to merge with Continental have lieen complicated by Texas International's acquisition of more than 4.T ercent of Continental stock, the merger has been approved by the CAB. presidential approval is expected in Ml to (50 days, and the deal still looks gixxl from Westerns point of view, he said And the disapiminlmeut of the Min nenpoliN St Paul gateway rejection has lorn! since been salved by the fact that the Denver gateway has turned out to lx better for Western Long Range IC 10-3- Western will fly the route with long range IXMOJOs. leaving Itenvernn Tuesdays, Wednesdays and Fridays at H 30 p m arid arriving at london s Gatwiek airjxirt the following day at 20 p m iGreenwieh timei fitter eight hours and 50 nunulos in the air 150 4 tion. 100-yea- Not in the Market? free public seminar on real estate and financing will be held Thursday from 7 to 9 p.m. in the Salt Palace Little Theater. The seminar is sponsored by the Salt Lake Board of Realtors, the Salt Lake Tribune and Utah Mortgage and Loan. It will feature four experts in real estate and financing who will answer questions about creative financing, home ownership and property rights. Gov. Scott M. Matheson has Private proclaimed April Property Week in Utah. This years theme is Your Private Property Rights , . .Know and Protect Them. A 19-2- Gov. Matheson supported the theme by saying, Through sustaining the land and perpetuating our constitutional rights to it, each of us can continue to enjoy its bounty and ensure the same privilege for future generations. total of 128 properties for $8,488,559 last week over the Salt Lake Board of Realtors' Multiple Listing Service, said David S. Hooper, president. These included 105 residential properties for A sold con 9 $7,132,559; dominiums for $641,850; TAX FREE bed residential unit. d Quantity of land SIX (6) ACRES. e. Improvements; The land sholl be clear of buildings ond have available to the site for connection utilities, water and sewer. f. by an average of two independent certified fee appraisals (one of which shall be paid for by the State and the other by the offeror). (b) Purchase price established 3 apartments and duplexes for $2.56,400; cial commer- 3 (c) for properties 8 lots for $228,750; and The average cost of a residential property was $67,929. There were 620 new listings last week compared with 559 in the CAPITOL BUILDING, M2W INCOME Tax free income 1 Portfolio 100 4 Ready liquidity "A' rated or better Reinvestment program FILL IN 6 No ivL . ' of January, 1981 ROBERT McENTlRE Notary Public My commission expires Oct. 4, 1982. STATE OF UTAH Department of Financial Institutions I, Avon T. Francis, Asst Chief Examiner, do hereby certify that the foregoing is a true and correct copy of the statement of the above named bank, filed in this office on January 15, 1981. AVON T. FRANCIS, Asst Chief Examiner ISSUE APRIL 3, 1981 5,600,000 Shares PETRO GENERAL CORPORATION Per Share 479-579- 7 No coupon clipping (801)355-610- Could your securities or insurance business benefit from implementing client recommendations with tax shelters and limited partnerships? If so, you'll want to investigate a new opportunity in the Salt Lake City area with an American Stock Exchange listed financial services company that offers: a wide range of public and private tax shelter products comprehensive financial planning thorough due diligence 100 commission payout 75 0 Please send me a prospectus containing more com-- j s and ex-- j plete information, including all Income Trust, Se-- j penses, on the Kemper riesOO. I will read all material arefulls before invest or send money. j I Name Toll Free: I Stale J Phone Business) I (Home! 1 Zip I I J I - h ' I Represents estimated current return baaed on the distribution option, after estimated expenses. divided by the public offering price per unit as It will vary with change In either amount. . of Income, in the opinion of counsel, is fr ee from Federal Taxes but may be subject to state end local taxes. semi-annu- r management or COUPON NOW! MAIL TODAY! j f redemption fee Crossroads Plaza Salt Lake City, Utah 84144 I Address a OF FINANCE, ROOM 137, STATE SALT LAKE CITY, UTAH 84114, UNTIL State of Utah, County of Salt Lake ss: Sworn to and subscribed before me this Mth day Professional selection broad diversification 5 50 So. Main St., Suite 400 I In I tah: 'P- President 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 knowledge 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. BOYDF. JENSEN LaRELL D. MUIR HELEN S. McENTlRE OFFERED EXCLUSIVELY TO BONAFIDE RESIDENTS OF UTAH This advertisement is nol an ottering to sell or a solu ilalion of an offer lo buy units of the Trust Offering is made onls hv prosper lus and only in those states where units of Ihe Trust mat he legally offered. .State. days (for calendar month) ending with report date: a. Total deposits $5,198,000 00 I, John R. Starlev, President, of the above-namebank do hereby declare that this report of condition has been prepared in conformance with the instructions issued by the Board of Governors of the Federat Reserve System and the State Banking Authority and is true to the best of my knowledge and belief. JOHN R. STARL6Y, 322-340- Wedbush, Noble, Cooke, Inc. j Namt tit 00 S of $100,000 or more Average for 30 calendar 62 West 400 South, Salt Lake City, Utah 84101 1 6 Telephone: (801) Ogden No. Sponsor Kemper Financial Services. Inc., Asset managers for individuals, corporations, institutions and pension funds. o er e0 additional offices vscHdvside BVfntyr SMC 607.000 00 $5,976,000 0) t 2 3 I T t EQUITY CAPITAL Common Stork a No. shares authorized, 200,000 b. No. shares outstanding, 85,314, no par Surplus Undivided profits and reserve for contingencies and other capital reserves TOTAL EQUITY CAP! TAL TOTAL LIABILITIES AND EQUITY CAPITAL MEMORANDA Amounts outstanding as of report date: a Standby letters ot credit, total b. Time certificates of deposit in denominations ISO. 000. 00 COUNT TOO! e ',ri $2,330,000 00 deposits interest bearing demand notes (not balances) issued to the U S Treasoryandotherliabilitiesforborrowedmonev All other liabilities TOTAL LIABU ITIES (excluding subordinated nates and debentures) THESE ADVANTAGES IVCPRT ORATED Or LIABILITIES Howard E. Simmonds Mreet Address ,t TOTAL ASSETS Demand deposits of individuals, partnerships, and corporations Time and savings deposits of Individuals, partnerships. and corporations Deposits of United States Government Deposits of States and political subdivisions in the United States Certified andofficerschecks Total Deposits a Total demand deposits $2,015,000 00 b Total time and savings Sales Agent Based on this current return, here's what tax exemption means: If your joint taxable Your taxable equivalent income is: yield is: 15.51 $25,000 40.000 18.51 60.000 22.93 Kidder, Peabody. t'H Another assets Copies of the Prospectus describing these securities and the business of the Company may be obtained from the undersigned. THAT COUNTS! c r PURCHASING 5C AFTER TAXES re subieit to .jll at par pr.or to maturity rrov dt ire THE week. year-ag- c Loans, Net Bank premises, furniture and fixtures, and other assets .. representing hank premises Real estate owned other than bank premises Directors BY J. DOUGLAS CHRISTIANSEN STATE PURCHASING AGENT cha-ge- Plea-- e RECEIVED 1030 A.M., 5 MAY 1981. IT'S WHAT'S LEFT high-qualit- y k'l BE DEPARTMENT DIVISION, e, Out of Statu: S WILL $229,000. single-famil- Tel: (8011 State Executive approal. PROPOSALS tax-fre- e ( all Special Requirements; 1) Property shall be in dose proximity to community and education resources, including employment opportunities 2) State approval to purchase any land is subject to: 00 OFFERING PRICE tax-fre- South State Street Salt l ake City, L'T 84111 Federal funds sold and securities Purchased under agreements to resell a Loans, Total (excluding unearned income) $3,380,000 b Less Allowancefor S possible loan losses None c. Zoning: Property toning sholl conform to Salt Lata County's Plonning ond toning requirments for construction of a forty QFRIFQ IQ today's volatile marketplace, investors need flexibility to help generate maximum income. A newly developed Option Tender Bond program is an exclusive way to protect your investment principal and to earn today's near e interest rates historically high The unique Option Tender Bond feature lets you purchase bonds now, and have the option to tender them at par in approximately five to six years or any year thereafter until the bonds are redeemed or mature All currently issued option bonds are investment-grady mortgage revenue bonds. Importantly, the option to tender at par is backed by an irrevocable Citibank Letter of Credit, so long as the bonds are not in default. Citibank is one of the world's largest and most respected banking institutions Kidder, Peabody expects to be offering a number of municipal bonds with this newly developed option feature in ensuing weeks. The bonds will be offered on a basis so we suggest you act promptly. Please telephone the office nearest you or use the coupon. D & Co. Want Ads are for buying CARS! This announcement is neither an offer to sell nor a solitication of an offer to buy these securities. The offer is made only by the Prospectus In .EZZZ3 REPORT OP CONDITION Consolidated Report ot Condition of Heritage Bank & Trust of Salt City, Salt Lake County. Utah, and Fore-gand Domestic Subsidiaries, at tte c.ioe ot business March 31. W81, a state banking institution organized and operating under the banking laws of this State and a member of the Federal Reserve System Published in accordant e with a call made bv the State Banking Authorities and bv the Federal Reserve Bank ot this District ASSETS Cash and due from depository institutions take o Proposal Identification: Regional Secure Residential Forility Salt lota County site proposal b Boundary Salt lata County (western boundary restricted up to 3600 West ) ee Bord e The State of Utah, Department of Finance, Division of Purchasing, request site proposals from person or persons interested in SELLING LAND to the State of Utah, under REQUISITION NO 300073. The selected site shall be used to construct a Regional Secure Residential facility in Salt Lake County with a capacity of housing forty juveniles. The site proposals must conform to the following requirements: List WWkly Realty Sales Lock in high tax-frincome of 8 to 9 ...without being locked in. first-com- Lake-Europ- (a) State Public Hearing Process. The company insists it is not in the market for the $134 million in securities that remain outstanding from their original sale in 1H07. It adds that even if it wanted to call in those bonds, the bonds original terms make no provision for an early retirement of the issues The 3 ixTcent bond has surged 44 pereenl higher in price since while the companion 4 percent issue has leaped 20 percent. Trading in the bonds picked up in late January, at about the time Burlington Northerns board authorized its management to take preliminary steps toward forming a holding company, which would he the parent of a reorganized Burlington Northern operation. Stockholders vote on the plan next month. Speculators believe the bond contract prohibits the formation of a holding company. Doesnt .See Hurdle But Frank Coyne, Burlington Northerns executive vice president for finance and administration, says, We cannot see any way that this (the provisions of the bonds) can prevent us be an absolute block to the formation of a holding company." About three months ago, the 3 percent bonds were trading for about $360 for each $1,000 in face value, a price that would yield an investor a return of about 8.4 percent. This week, the same bonds traded at $520 for each $1,000, priced to yield about 6 pereent. Parley to Air Real Estate c THE STATE OF UTAH INVITATION TO BID FOR PURCHASE OF LAND Park City Consolidated Mines Co. reported net income of $135,727 on revenues of $1!4,005 for fiscal I oho. compared to a loss of $11,211 on revenues the previous year, Gordon I) Stott, chairman, rejsirted. The 19H0 revenues came from a long term mineral lease of 670 acres to Noranda Mining Co., and a sale and development agreement on Deer Valley lands of the subsidiary Queen Esther Mining Co. The properties are in the Park City resort area, Noranda oeratos the adjacent Ontario mine and mill of United Park City Mines Co , and has reported good progress in reaching the Park City Consolidated mine through workings which have been closed since 1042, Mr. Stott said. Park City Con will participate in any revenues from Norandas operation on its property through a percentage of net smelter returns. The annual meeting of Park City Consolidated Mines has been rescheduled from April 27 to May 27 at 2 p.m. at Hotel Utah, Mr. Stott said. The annual Queen Esther Mining Co. stockholders meeting will follow at 4 p.m, right track toward a quick profit in the bonds, now the obligation of Burlington Northern Inc. that in the near future They the company will be forced to buy back the bonds, and that they will he able to hold out for a premium price. But analysts say there is nothing more than rumor behind the specula- year bond maturing r issue percent 1007 have become hot tickets at a time when obligations of the U S. Treasury are yielding more than 13 percent. Investors who started the buying wave are hoping that they are on the pereent, airlines in 1080. Three years ago, Bramff Airways offered the Salt connection via Dallas, with an optional Concorde connection at Dallas. There were good loadings on the Concorde, but costs exceeded benefits, according to Rod Klassovity, Denver trans-Atlanti- arrangement y Posts Income Return flights leave Mondays, Wed nesdays and Saturdays at 3 25 p m with same day arrival in Denver and Sail Lake City Western is not the first to provide Rail Bonds Soar in Value A 3 pre-Ma- sales manager The Concorde was suspended last summer fare by The Salt Lake Bramff is $i44 APEX through May 14, and $730 afterwards. "We won t try to match Western's fares It doesn't make much sense for us." he said. In the long run. after its promotional offerings, Western will have to ini rease its fares, he said "Then we ll all be in competition. area ings are well ahead of last year, he said In addition, the firm notes that it was ranked by travel critic Egon Ronay as the best in overall service of the 14 City-Ixindo- Park City Mine Who Knows Why? in 2047 and a maturing in It U S Treasury securities AH other securities 1 By Steven P. Rosenfeld Associated Press Writer Once obscure bonds, NEW YORK issued before the turn of the century by what was then the Northern Pacific Railway Co., have soared in price in the past three months while most of the bond market has been on the skids. of Eurojie already has plumbed the European market for fascination with the American West, and also offeis continentals a domestic round trip Fly Anywhere" fare for an additional $208 once they get to the United States. Delta Air Lines, which has been connecting Utah travelers with Imdon and Frankfurt via the Atlanta "gateway since June 1979, does not plan to match Western's fares, Fred Rollins, Salt Lake City marketing manager said. 15 APEX Salt Lake Its round trip fare is $787, and its peak summer APEX is $836. The carrier is doing well with the European market, a spokesman said, with backup from several markets to the new Atlanta airport a proven parts For further information, please send a letter of interest to: Creighton President Lacey-Bak- er, Executive Vice O. Box 3073 Englewood, CO 80155 P. ; |
