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Show f,F The Salt Lake Tribune, SundayL January 19A unre-porte- 31. The Institution now Inilr Trailing Monitor Investors Should Heed Yellow Flashing Lights on Stock Market Bob Gabele 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, Cadecs sales are beginning to accelerate. For the financial year ending June 30, Cadec racked up $1.2 million in revenues. InvestNet FCT snares between 527 75 and an price per share from Dec. 23 to Dec has 5,577,714 shares. David R Tacke, president, disposed of by gift 2,338 snares at 529 69 per share on Dec 5. He now has 37,280 shares. First Security Coro. Gary R. Vunce, vice president, sold and otherwise disposed of 1,092 shares between 522 and 522.75 per shore from Nov. 7 to Nov. 15. Current hoidings were not reported. General 60,175 1986 Are the caution lights on 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 sellbuy ratio remains only a touch to the bearish side of the neutral range, hardly enough to raise any red lights. Readers 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 th market. Its 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 there are a lot of foreign inves The first quarter produced sales at and was followed the $466,000-marby a solid second quarter performance of $1 2 million. Cummins officials must like what they see k prior to the first In quarter report, the company bought 600,000 shares at $3 70 per. In front of the second quarter report another 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 Cadecs 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. ALEXANDERS SEES INTERSTATE PROPERTIES ACQUIRING SHARES AGAIN It has been since November 1984 since Interstate has taught any Alexanders shares. However, on Dec. 12, Interstate bought 113,900 shares of the northeast based department store chain, paying $32 per share in the process. Interstate, a New Jersey-basereal estate part 443.930 d nership, now holds 917,798 of Alexan-der- s 45 million shares plus the equivalent of another 67,850 shares assuming conversion of debentures it holds The bonds were also purchased in December. GIBSON GREETINGS CONTINUES 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 U.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. TWO S.MITHKLINE BECKMON VPS SOLD IN DECEMBER -Bryce Douglas sold 7,000 shares on Dec. 16 at $78 63 per. Douglas now 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 now reports holding a total of 84 shares. Abbott Loborotones Robert A. Sctioelltiorn, chairman, disposed shares at an unreported price per share on Dec. 12. He now has 44,267 shares. Schoellhorn indirectly acquired 600 shares at an unreported price per share that same day. He now indirectly holds 4,600 shares. American Can Co. Charles R. Pedersen, yice president, exercised an option for 9,836 and disposed of by gift 200 shares between an unreported price and 330.50 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 38,800 shares, Du Pont (E.l.) De Nemours &. Co. James E. Landers, vice president, Sold 447 shares at 564.75 per share on Dec. 9. He no longer owns shares in the comp jny. H. Rodney Sharp III, shareholuer, disposed of by gift 1,091 shares at an unieported price per share on Dec. 23. He now has 32,983 of bv gift 600 A third director, Leo R. Jalnak sold 20.000 of his shares in mid month between $19.50 and $20.25. Jalnak con- tinues to hold 131,467 shares. The fourth seller in the month was officer James Johnsen who pared 10,000 from his holdings at $19.25 leaving him with 46, .21. Perhaps its valuable to note here that one of the two companies showing more sellers than Gibson Greetings for the past six months is American Greetings. shares. Inc. Employee Stock Owner Plan, beneficial owner, purchased 2,674 and disposed of Motors Corp. Alexander A. Cunningham, vice president, acquired 727 and sold 1,305 shares between 573 and an unreported price per share from Dec. 5 to Dec. 30. He now has 727 shares. Robert J. Schultz, yice president, indirectly acquired 280 shares at an unreported price per share on Aug. 31. He now indirectly holds 27 shares. Robert C. Stempel, vice president, acquired 152 shares at an unreported price per share on Dec. 30. He now has 152 shares. Stempel Indirectly acquired 8 shares at on unreported price per share that same day. He now Indirectly holds 8 shores. International Harvester Co. Robert C. Lannert, vice president, sold 2,279 shares at 58.38 per share 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 shares. Charlton H. Dietz, officer and director, disposed of by gift 234 shares at an unreported price per shore on Dec. 6. He now has 1,428 shares. Dietz indirectly acquired 22 shares at 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 shares at 557.43 per share on Dec. 1. He now has 1,853 shares. James A. 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