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Show 6F The Salt Lake Tribune, Sunday, January 19,1966 Insider Trading Monitor Investors Should Ileed Yellow Flashing Lights on Stock Market Bob Gabtle PCI Invest Net tors in our markets, we would like to take awhile to determine any further effects of this action, if any For now, with regards to market performance, we will be turning those caution lights on DOES CUMMINS ENGINE PLAN TO SEEK CONTROL OF CADEC SYSTEMS? Cummins made its first move for Cadec back in December 1984. when it picked up two million shares of common from Textron in a private placement Cadec manufactures computers for commercial trucking applications. The computers monitor the activities of the drivers, keeping expense, inventory and time records Jim Johnston, Cadecs director of finance, tells us that Cummins, who along with diesel engines also makes computers that monitor engine performance, was anxious to market the Cadec product They apparently felt that the two computers were a good pair to market through their existing distributers They may have been right, for after six years of R&D, Cadec's sales are beginning to accelerate. For the financial year ending June 30, Cadec racked up $12 million m reverses. Are the caution lights on9 A lot of people are thinking that way since the big drop was registered Jan 8 Insiders have not provided with us with any negative clues since the sell buy ratio remains only a touch to the bearish side of the neutral range, hardly enough to raise any red lights Headers may notice the drop correlated with the announcement of the freeze of Libyan assets. If we jog our memories, we will remember a similar freeze announced on Iranian assets a few years back. That event also caused a big selloff in the market. It's no secret there are plenty of foreign funds invested in this country These assets are owned by just about any entity looking for a safe haven for capital. It stands to reason that actions by our government which hold up the flow of capital to its owners tend to be looked at across the borders as precedent setting Investors in countries other than Libya could conceivably have thrown in the towels on this announcement, removing capital to places they may have more confidence in As then are a lot of foreign inves snares between $27 75 and on 23 to Dec pr ce per share from Dec 31 Tne institution now nos 5 577,714 shares of py Day id R Taoe, president disposed on Dec gift 2,333 snores at $29 6 9 per snore 5 He now nos 37,230 snares unre-porte- 60,175 The first quarter produced sales at and was followed the $466 by a solid second quarter perfor- mance of $1 2 million Cummins cials must like what they see offi- prior to the first the company bought report, quarter 600 000 shares at $3 70 per In front of the second quarter report another In shares were purchased Cummins now owns all of Textron's block of 18 percent and has been chipping away at Venture Capital Funds shares. The fund still holds 371.070 shares of Cadec's 7 15 million shares Cummins has installed two directors on Cadecs board, but so far has stated that it has "no intention of buying all the shares of the company. For the record, Cummins presently holds 3.363,930 shares, or 47 percent of the company ALEXANDER'S SEES INTERSTATE PROPERTIES ACQUIRING SHARES AGAIN It has been since November 1984 since Interstate has bought any Alexander's shires. P on Dec 12, Interstate boueht 113.900 shares of 'he northeast L department store chain, pr mg $32 per share in the process Interstate, a New Jer-ebased real estate part 443 930 nership, now holds 917 798 of Alexan- der 5 s 4 million TWO SMITH KLINE BECKMON SOLD IN DECEMBER -Bryce Douglas sold 7,000 shares on Dec. 16 at $78 63 per Douglas now shares plus the VPS equivalent of another 67,850 shares assuming conversion of debentures it holds The bonds were also purchased in December GIBSON GREETINGS CONTIN-- t ES TO BE A TOP INSIDER SELL With no buyers versus 15 sellers in the past six months. Gibson Greetings ranks high on our insider selling lists In fact, for all companies in the L'.S., only two have shown more sellers for the period In December, officer and director Ward A Cavanaugh sold 5 000 shares at $20 per, leaving him with 15.000 Officer and director Donald R Taub also sold 5,000 at $20 50. Taub reports still holding 19,008 shares reports holding 7,960 shares A second VP, Harry Groome, sold 500 shares on Dec. 9 Groome received between $75 88 and $76 88 per share and holding a total of 84 shares. - Abbon Loborotones Robert A Scnoeilhorn, chairman, disposed of br gift 600 shares at an unreported price per snare on Dec. 12 He now has 44,267 Schoelinorn shares indirectly acquired 600 shares at an unreported price per share that same day He now indirectly holds 4,600 snares American Can Co. Charles R. Pedersen, yiee president, exercised an option for 9,836 and disposed of by gift 200 shares between an unreported price and $30 50 per share from Dec. 3 to Dec. 17. He now has 10,718 shares. Ballard Medical Products John i. Bloomberg, director, disposed of by gift 100 shares at an unreported price per share on Nov 13. He now has 33,800 shares Du Pont (E I.) De Nemours &. Co. James E. Landers, vice president, old 447 snores at $64 75 per share on Dec. 9 He no longer owns shares in the company. H. Rodney Sharp III, shareholder, disposed of by gift 1,091 shares at an unreported price per share on Dec 23. He now has 32,983 third director, Leo R. Jalnak sold 20,000 of his shares in mid month between $19 50 and $20 25. Jalnak continues to hold 131.467 shares. The fourth seller in the month was officer James Johnsen who pared 10,000 from his ho.dmgi at $19 25 leaving him with 4 ... Perhap.- u s valuable to note hen. tnat one of the two com-pai'lets than show'ng more Gibson Greetings for the past six months is American Greetings. A shares Inc. Employee Stock Owner Plan, beneficial owner, purchased 2,674 and disposed of First $ecurity Corp Gory R Jance, vice president sold ana Otnerwise disposed of 1,092 snares between 7 to Nor. $22 and $22 75 Per snore from Nor 15 Curren holdings were not reported General Motors Corp Alexander A Cunmngnam, rce president, ocquired 727 and sold 1,305 snares between $73 and on unreported price per snare from Dec 5 to Dec 30 He now has 727 shares Rooert j Schultz, nee president, indirectly acquired 280 shewes at on unreporfed price per snare on Aug 31 He now indirectly holds 27 snares Robert C. Stempel, vice president, acquired 152 snores at on unreported price per share on Dec 30 He now has 152 shares. Stempel indirectly acquired 8 shores at on unreporfed price per share that same day. 8 snores He now indirectly ho-dInternational Harvester Co. Robert C Lannert, vice president, sold 2,279 shares at $8 38 per shore on Dec. 10. He now has 15,333 shares Minnesota Mining &. Robert M. Adams, option for 102 shares per share on Dec. Manufacturing Co. director, exercised an at an unreported price 2. He now has 7,115 snares. Charlton H Dietz, ofticer and director, disposed of by gift 234 shares at an unreporfed pnee per share on Dec. 6. He now has 1,428 shares. Dietz indirectly acquired 22 snares ot an unreported price per share that same day He now indirectly holds 32 shares. Ernest B. Moffet Jr, vice president, exercised an option for 661 shores at $57 43 per share on Dec. 1 1. He now has 1,853 shares. James A. Thwaits, officer and director, exercised an option for 1,770 shares at $56 35 per share on Dec. 20. He now has 4,729 shares. Merck & Co. Albert D. Angel, vice president, exercised See Page Column F-- rVALLEY JAGUAtU FACTORY TRAINED JAGUAR SPECIALISTS "LUBRICATION UNITED STATES POSTAL SERVICE NEEDS LAND OR A BUILDING IN NORTH SALT LAKE, UTAH POSTw Oil, filter lube with Valvoline Turbo 5 & 3995 4295 xj6 XJS Offer Expires Feb 28, 1986 With This Coupr-- i SITE SIZE DESIRED IS APPROXIMATELY 140' x 175' (24,500 sq. ft.) or AN EXISTING BUILDING of 2,730 sq. ft. on a suitable site. PREFERRED AREA: Bounded on the north by 350 North Street, on the south by intersection of Orchard Drive and U.S. Highway 89, on the east by city limits and Orchard Drive and on the west by Main Street. DETAILS, CALL OR WRITE: A A. Perez, Real Estate Specialist, FOR ADDITIONAL Seottle Field Office Real Estate & Bldgs. Dept., USPS P O. Box 2000, Kent, WA 98032-020Telephone: 206395 353 Sr. Rates effective through January 21 TUNE-U- P Convenient Validated parking at Exchange Place or 4th South & Mam Downtown Salt Lake City at 359 South Mam 364-840- 0 Spark plugs, set 0 tme adjustments XJ6 as necessary Service air filter Reg 95 00 1 Formal advertisement Branch Post Offices 120.00 Offer Expires Feb. 28. 1986 With This Coupon notice may be obtained at the Bountiful or North Salt Lake OFFERS TO SELL or LEASE PROPERTY will be considered 1, 1986, through January 30. 1986. 82 00 7200 s during the period 5500 January SOUTH STATE 262-26- 1 1 didnt know called that paying off my credit until I cards with a home equity loan made good financial sense! 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