Show iTiTyW rwriwn 6B The Salt Lake Tribune Wednesday January 21 1987 by Bruce Hammond Huffy You can always count on Your Newscarrier NOW YOUR NEWSCARRIER IS COUNTING ON YOU! 'Jf'v ¥- - Mr Jenson Mr Sandborn Ms Peterson Ms- - Mackintosh Ms Duffin Intermountain Tradewinds Sterling K Jenson has joined the Salt Lake City office of Moore Trust Co as a vice president Mr Jenson who was previously employed as a senior securities analyst for the in- vestment management firm of Smoot Miller Cheney Co will be responsible for security investments for individual trust customers and for corporate employee benefit portfolios David McMurray has been promoted to manager of reseller accounts at Novell Inc a computer networking company headquartered in Provo Mr McMurray who received an MBA from Brigham Young University in 1980 worked for six years for AT&T in account management and support before joining Novell in November 1985 as manager of communications products Savings has announced that Richard B Sandborn has joined the company’s ZCMI Branch office staff as a financial advisor Mr Sandborn willJhe responsible for the sale of securities insurance and savings the branch A NASD securities representative and a licensed insurance agent Mr Sandborn graduated from the University of Utah with bachelor of science and master of science degrees Prior to joining MountainWest he was a private business owner Utah public official Carolyn S McNeil powder has been elected president of the Colorado River Energy Distributors Association a regional organization Moun-tainWe- st d It transportation gathering exchange supply activities She joined Northwest Pipeline as an attorney in 1980 as was promoted to manager market developmenttransportation and exchange in 1984 In addition the company has indicated that Joe Fields has been named director-marketin- g In his new assignment Mr Fields will have responsibility for all natural gas sales for Northwest Pipeline and Northwest Marketing Co as well as market research activities He joined Northwest in 1981 as a senior gas purchase representative and was promoted to manager gas procurement in 1982 He was formerly manager marketing Also Marc S Centner has been named manager of gas salestran-sportatio- n and exchange accounting for Northwest Pipeline Corp Mr Gentner joined the company as a gas settlement accountant in 1979 He has served as a supervisor in gas settlement and transportation and exchange accounting and as a lead accountant Ken R Olson legal counsel for the Utah Biomedical Test Laboratory Drugs of Abuse Division was recently elected to the advisory board of directors of the American Drug Use Testing Association The ADUTA’s purpose is to promote establishment and maintenance of scientifically and legally supportable test programs for detecting drug use He received a juris doctor degree from the University of Utah College and representing 120 consumer-owne- d electric utilities in Utah Colorado Arizona New Mexico Wyoming and Nevada She is the general manager of the Intermountain Consumer Power Association and Utah Associated Municipal Power Systems She also sits on the board of directors of the American Public Power Association Guardian State Bank has announced that Leslie Petersen and Susan Mackintosh have joined the staff of its mortgage department Ms Petersen will serve as a mortgage loan repiesentative She has 14 years experience in mortgage loan origination in the Salt Lake City area Ms Mackintosh a production loan specialist has 16 years experience in Northwest mortgage lending Pipeline Corp a subsidiary of The Williams Companies has announced that Mary Duffin has been named director of gas transportation and supply In her new assignment Ms Duffin will be responsible for all contract negotiations relating to gas of Law Would Pump Billions Into FSLIC Plan May Rescue Troubled S&Ls in Utah By Thomas H Gorey Tribune Washington Bureau The US League WASHINGTON of Savings Institutions announced a plan Tuesday to save distressed savings and loans in "economically depressed" states including Utah " The group’s proposal is aimed at solving the financial problems of the Federal Savings and Loan - “self-help- Insurance Corp and easing future pressures on the FSLIC’s insurance fund — without using taxpayer mon- patterned after one proposed last year by the Treasury Department and the Federal Home Loan Bank ey Board The Reagan administration has offered a four-yea- r $96 billion bill to help troubled savings institutions At a news conference at the National Press Club the savings league described its plan as “a series of regulatory and supervisory actions to allow basically sound institutions in Funding for the plan would come institutions from the FSLIC-insure- d and the Federal Home Loan Bank Board which is owned and funded by the nation's savings institutions The two-yea- $89 billion r plan is lucky 13? Tiny Gain Nudges poiv to Record Win String - NEW YORK (AP) The stock market finished mixed Tuesday in heavy trading after being whipsawed through the session and by bouts of profit-takinamid disappointment with IBM's earnings for the fourth quarter The Dow Jones average of 30 industrial stocks closed 197 points higher at 210447 its 13th straight gain The closely watched indicator had dropped by around 10 points at one time during the afternoon Although only a minor gain Tuesday’s increase lengthened the Dow Jones industrial average's string of consecutive increases to its longest On Monday tne popular Wall Street barometer tied the record by rising for the 12th straight session g The Market In Brief New York Stock Exchange Jan 20 1987 UP VOLUME 847 224790000 0T 0 DOWN SHAPES rtANGED 380 ISSUES TRADED 2037 810 Bennett Leasing Will Pursue Thrifts Despite State’s Plan Continued From can to try to come up with an alternative to the bankruptcy court” Mr Sutton said He said the state was working on preparing the Chapter 11 petitions in case they become necessary "There are a lot of complications that have to be overcome if we do put the thrifts into bankruptcy such as determining who the 20 largest unsecured creditors are for each thrift We have to determine who those creditors are from our list of 15000 to Si'OOO depositors And that is further implicated because many depositors have interests in more than one Hccount" Mr Sutton said Under Chapter 11 each thrift's B-- 3 largest unsecured creditors would serve on a committee that would advise and oversee the bankruptcy court's proceedings while the thrifts are reorganized Should the thrifts be placed into Chapter 11 Mr Sutton said the ILGC’s $3 million will be available for any court approved reorganization effort “I’m sure all that will happen is that the bankruptcy trustee will make demand upon the ILGC for the $3 million and it will pay over its reserves" But Mr Sutton said the $5 million appropriated by the Legislature for a thrift reorganization effort might not be available for use if the thrifts are placed into Chapter 11 court-appointe- d economically depressed areas adequate time to work out their difficulties rather than force them to fail” Among other things the plan would permit federal regulators “to treat problem assets in accordance with generally accepted accounting principles which would avoid some of the of assets which abrupt write-down- s regulatory accounting procedures have called for in the past two years” league President Joe C Morris said "Two separate and unequal economies affect today’s business operations We see unprecedented prosperity in some regions and terrible depression in others "The league’s program takes its d cue from this economy” Morris said federal regulatory authorities should review local economic conditions and decide which states or communities should qualify for special regulatory treatment ” Whert a prudently managed institution has been hard hit by setbacks in such sectors as agriculture energy timber and mining and where a failure can be avoided we believe it makes sense to allow that institution time to work its way out of problems resulting from a temporarily depressed local or regional economy” Morris said The league listed Utah and 13 other states where it said savings institutions on average lost money in the first half of 1986 Imagine touring this spectacular country of vivid contrasts It’s German French Italian and really four cultures in one Romansch Attend the Sechselauten Festival of Zurich travel by cable car for lunch atop Engleberg’s Mount Titlis sample authentic Swiss chocolate made right before your eyes It’s a dream come true for two of our newscarriers who win Young Columbus XXXI an all expense paid trip to Switzerland Sponsored by Parade Magazine and its distributing newspapers the Young Columbus trip is designed to recognize and reward youngsters with outstanding qualities of dedication spirit and pride in themselves and in their work Our Young Columbus XXXI winners will be on their dream vacation from April 22 1 987 through May 1 1 987 The memories however last forever How can you help? If you know a newscarrier who deserves to be a Young Columbus winner please complete the coupon below and mail it to us immediately or bring it to Newspaper Agency Corporation 143 South Main It can give special youngsters a chance to experience Young Columbus XXXI the adventure of a lifetime ballots must be received by the Circulation Department no later than February 6 1 987 All A VOTE FOR YOUNG COLUMBUS XXXI Bring or Mail to: NEWSPAPER AGENCY CORP — Circulation Department PO Box 45838 Salt Lake City Utah 84145 (143 South Main St) two-tiere- Brokerage to Open New SL Office will Our Nomination For Young Columbus XXXI is: NAME Our carrier is Has initiative Delivers papers on time Polite Dependable also from NAME PHONE ADDRESS ZIP DO YOU WANT TO BECOME A NEWSPAPER CARRIER? IF YOU ARE 12 YEARS OR OLDER JUST CALL 0 237-290- Piper Jaffray Minneapolis-base- d regional brokerage will have a ceremony Wednesday at 11:30 a m at its new Salt Lake City office 215 S State St Bill Ellis president of the firm which has 55 offices in 26 states will attend The Salt Lake City office the first in Utah employs 11 account executives and expects to expand to 28 The public opening will be at 3 pm ribbon- -cutting Sponsored by Newspaper Agency Corporation AND PARADE If SWITZERLAND APRIL 22-- AY I IV87 I S |