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Show i The Sitit t r114y, Inbune, Sid) 9, I !bilk A, Worker, to Go 20'1( of Salaried by 1990 here Tre Ford Plans 10,000 bEIRGIT Ford Motor Co told shareholders Thursday that it planned td eliminate it Wog 10 000 jobs in the United States about 20 percent of its salaried workforre by the end Of the decade Ford Chairman bonald Petersen also expressed in grim terms the company efforts to save 425 jobs at one of its oldest factories, a radiator and heatercore plant 6n the banks of the Hudson River in Green Island, N which once employed 1,500 r whote-colla- , people e have informed the plant that it does not look promising Peter,en said Founded in 1923 by pioneer Henry Ford the plant tenta auto-mak- er Job Cuts ar vs Is sc tic luled to close in 15;i8 tively because of a switch from copper and brass radiators and heater cores to aluminum ones and consolidation of work at a plant in Plymouth, Mich Petersen also announced, as expected. that a 3ubcompact car Ford is to begin exporting early next year from Hermosillo, Mexico, will be sold dealers, through Lincoln-Mercurpresumably as a replacement for the IMercury Lynx, currently a twin Of the Ford Escort The Mexican car was designed by Mazda Motor Corp of Japan, in which Ford holds a 25 percent interest Ford division dealers, according to current plans, will continue offer; ing the U.S made Escort as their car -level The Dow Jones average of 30 industrials, which had fallen more than 18 points in the two previous sessions, gained 10 91 to 178621. I Volume on the New York Stock Worries about the Treasury tion were caed as a contributing tor Many Wall Streeters began clude late Wednesday that the Treasale of bonds and sury's record-sizenotes this week was going better than had been expected earlier. to con- week from the suddenly increased chances bill this year. As a result, the belief spread that tJ.t financing, which wound up Thursday, could be completed without any significant upward move in interest rates. After the close, the Treasury said it sold a little more than $9 billion in 30- year bonds at an average yield of 7.37 percent. The average yield for the 10- year notes auctioned Wednesday had been 7 47 percent. at ISSUES 1,996 592 N S V S E. Index & P. Comp Dow Jones Ind 3731 0.64 116.75 237.13 1386 - 21 1.05 10.91 Firm Reorganizes Management SIP . tit 4' . PP sciPVI. ft. 6' ) Includes: 17s" Line Poles, Top Rails, Eye tops and Tie Wire Ends, Corners, Extra . 17-11:1ES- Full MCI ClIABL1 s1 7-1- - - BETTILYON REALTY 972-250- 0 S running foot running foot , 1112 30' 4' HIGH DIAMETER X Department sold 71M. Thr.ti ce,,,ficates passnook NOW accounts otner Accrued .rterest on tnr.tt and oMer norrowalgs Mortgages pavanie interest taxes and otner expenses accrued and unpald $74889 TOTAL LIABILITIES S77 883 403 $ 200 000 840 000 952 881 5A9 4428.14 669 42S - 5 991 8 031 952 $85 9 15 355 ANC EQUITY CAPITAL bank do hereby declare Mat this Report of Condition ot the above-narneAt Harold Dooson of the has been prepared rn conformance with the instructions issued by the Board of Governors Federai Reserve System and the State Banking Authority and is true to the best of my knowledge and belief VV HAROLD DOBSON We the undersigned directors attest to the correctness Of this Report of Condition and declare has been prepared in conthat it has been examined by us to the best ot our knowledge and belief formance od,th ttSe nstruct,ons ,ssued by the Board of Governors ot ne Federal Reserve System and Me State Banking Author.ty and is true and correct DALE W WESTEROAPO HARRIS hf SIMMONS W HAROLD DOBSON V State of Ufa!, County of Salt Lake Ss Sworn to and s,itscrOed oefore me tims 30M day of Apni 1986 -- 71 JANET L GATES No!ary Public Commission Expires May 9. 1987 8' 7-7- FIELD FENCE 47" 330' .i ,,,;;.,;11111. : :14; W, z. it ',.' pi. .. PMVACIT PICKET s.;,,, 4. 'ro ''X" 14 FEMCIMG - WOODEN FENCING .E. : :. 1.:( 4 Its ,:.., ATTACHES TO t EXISTING CHAIN LINK FENCING 6 7 T 7 .r.'''''(:,':.1.::4 tyyt:g.r.k(:1, cg.)( ';'' :':'!,' 1 otx4Fx6' DOG 95 I. ':";":1, . ,', 4 " x ' . '. g .1; g g so g',o'-'- o'o:ro Pre-hun- g ET1 PITIM C - N,;(sc:,x,A 4.4 - tY'4,04Q!:- 3310 S. W. Temple Salt Lake City, Ut 84115 OGDEN 800 Wall Ave. Ogden, lit 84404 224-539- 1 487-743- 399-557- 1 thru Fri. 8:00 to 5:00. Sot. 8:00 to , - rt-1) 2-- F11111111C111G 00 MASTER CARD AND VISA WELCOME o OR EM 1440 W. Center Orem, Ut 84057 OURS: Mon. - " ow 411p . -- M7 ad brought in our office on comparable items. SALT LAKE CITY Vt. ,r Tixtvl L:n E1UM o 0 Fee: x 7. -' NOW & SAVE! 'no.ir : '41:e0:4 , BUY lit;yNa40.1 '1:2( 'f . : d: . .;N:X:., .'. X:. clopl t Quick and easy to Panels. install "Pre-Fab- " gates. PER ROLL . '"4":.'(: Y'61'.4 EASY TO INSTALL ' )( ,l' y.x),K '',,,e'mr::,.:..t:g silt, 116 7 al0 of these Cadillacs are not affected by the recent GM price increases, so true savings are immediately available to you. All cars are nicely equipped. $29.95 ..,, r DILLACS LEFT OT AFFECTED A7i RICE NCREASE . All 4 PT. DOMESTIC 6' n 20' 1 STOCK DARDED WIRE APb 7 CAGES Z A 00,1E ROLL 24 NEW 1986 C $7395 ."1100111 : !. $2.30 $2.75 (OTHER SIZES AVAILABLE) ,...1 :: We will honor any The Treasury $9.02 billion of the bonds, with the average yield down from 9.28 percent at the last auction on Feb. 5. Directors :,........... - ROLL -92.95 P ', 217:-- running foot , ,) TOMATO CAGE VIRE 2:::0 Yields on (AP) Treasury notes fell to an 11- year low of 7.37 percent Thursday as the government finished three auctions in which it raised a record $27 billion. Common stock SurpiuS Of,t5 UnC,vuled Total stock tio,Cers equrni di - Iiikt24, N WASHINGTON 30-ye-ar STOCKHOLDERS EQUITY e 112 GA. 1 1 :: -- 11-Ye- Yields Fall ar Low Consolidated Report of Condition of The LOCkrlart Co of Salt LaKe Cry, Utah Arid Foreign and Domestic Sucsidianes at the close of business March 31 1986 a state banwing institution organized and ooeratng under the banking laws of this state and a member Of the Federal Reserve System Publisned in accordance wth a call made by tre State Bank,n9 A,Anorty and cy the Federal Reserite Bank of MS D.SinCt ASSETS 516 330 833 Casn ard due from depos,tory ,nSt,tut,OnS 160 984 261 a Lcars and contracts net) S28 6 948 p Leases ,net inciudirg residual ,,aiuesi, 280 622 C Mel receivanies !net) I 116 545 ct Less aiowances for loss $67 097 266 e TOtat net rece,an,eis 6 200 Other investments Institution s premises furniture and fixtures and other assets 274 120 s institution Me premises representing 211 315 Real estate owned other than institution s premises 77 520 Deterred charges and prepaid expenses 863 101 Other assets S85 915 365 TOTAL ASSETS TOTAL LIABILiT,ES flit 111 ,e ill To FAtun FELICE SPECIALS , 6' $2.00 .. $2 900 21" T-B- LIABILITIES ...41JPPP,.- . MAKES 5 n HEAVY ROLL HIGH S B. 1739 iii & 58" HIGH 48" about the negative implications to them as consumers. He said the coalition hopes those constituents will voice their objections about the bill to the senator, who then may be more likely to push for its defeat in the senate Subcommitee of Patents, Copyrights and Trademarks of which he is a member. Blevins' Utah plans also call for him to meet with the top official of the League of Utah Consumers and then go to Ogden. Logan and Brigham City to meet with the media, retailers and government. The statistic Mr. Blevins is using to show the impact &B. 1739 will have on consumers and companies selling blank tapes and tape recoders is ironically based on the same one provided by the chief proponent of the legirecord slation, the major-labe- l industry. It claims the taxes collected from consumers would amount to $200 million a year. Mr. Blevins said the coalition be of THE LOCKHART CO. service janitonal and a DO 165' by record buffs. Mr. Blevins explained the coalition dispatched him to Utah to inform constituents of Sen. Orrin Hatch, without compensation REPORT OF CONDITION utilitites included. Near Decker Lake Business Park. Just off 2100 So Freeway at Redwood Road. CALL and allow our principal officers to focus on their areas of greatest individual strengths." 70 sl 80 10 $2. DO - IT - YOURSELF 5' heves the figure could possibly by higher, however. While most of the record industry's giant labels in Nashville, Tenn., and Hollywood favor passage of S B. 1739, many of the smaller record labels are o posing it since they feel few, if any. tax proceeds would ever trickle down or smaller reto "the little guys" said Mr. Blecording companies vins, Further. those who have rights for songs recorded on lesser-knowrecord labels actually prefer people to record their songs at home since it usually triggers larger sales, said Mr. Blev ins, copy- nghted disks are being duplicated negotiate a good deal. tenant transferred out of city with one year left on lease. $9 50 per sq. Mr. Jacoby said, "I believe this change of responsibilities and realignment of the organization will allow SysteMed to expand its horizons - Major studios claim their Re- Will FoRHoME,FARM&MoRE D 0 ITY 0 URSELF AND sAwg FELICE 5 9 EXECUTIVE OFFICE SPACE Durham has been elected president and chief executive officer. D. , IL James In addition, Mr. Jacoby said In a management reorganization, Jon ELM. Jacoby. the chairman of the board of SysteMed, has announced that Kenneth D. Lame' has become executive vice president of marketing and sales, vice chairman of the board of directors and secretary of the corporation. Mr. Lame' was formerly president and chief executive officer of the company. Audio Washington-base- , TRADED 398 DOWN of a major d 36,030,000 Pf While the markets have been absorbing the new supply of government securities, brokers noted, they also have shown little disruption 258 The VOLUME ,006 g Pc-L- G. ipright Claim, cording Rights Coalition has gone to actually 2,132 miles great lengths to lobby against Senate Bill 1739 And its lobbyist, Michael K. Bleinns. vowed this week in Salt Lake City the coalition would even go to all 50 states if necessary to kill the bill, That probably would not be as difficult as it may seem, especially considering the financial caliber of the coalition's supporters. They include corporations. such as 3M Corp Du Pont (E I.) be Nemours te Co., Tandy Corp. and Sears Roebuck & Co., consumer groups, consumers and even small independent record companies. According to Mr. Blevins' interpretation, SB1739 calls for a tax to wholesalers, likely passed to consumers, of one cent for every minute of blank recording tape they buy. It also would tax wholesalers 5 percent of the price of tape recorders and 25 percent of the price of double- - head tape recorders they purchase. The bill calls for the Copyright Royalty Tribunal, a federal agency already in existence, to collect the tax and distribute it to those with copyright claims. SHARES One stock hurt Thursday by the presumedly increased chances of tax simplification was B&B Block, down Ex- change reached 136 03 million shares, against 129 89 million Wednesday. Ei 1 11, Lobbyist Battles Bill to Tax Recording Tape Exchange up Iknelit It Would May 8, 1986 aucfac- 1 e 1 iLc crcOt ,- -, 4. The Market in Brief York Stock f --- I blue-colla- NeN el , 61::...die blue-colla- the stock market's decline last in f i '--,...----- '615'. N. IC.ST Wet' Pl-rwe :) itnrr5 Ck 1 Gt r hite-colla- '.4, entry- trj -t . It veras to la? Ford executives have alluded to r the reduction in jobs for force abGlit a year The white-colla- r currently numbers 41 70tt a cut of 30 percent since 1979, according to fig- ures supplied by Ford "It is Our intention to reduce it by an additional 20 per( ent or more by the end of the decade," Petersen said "This will improve our ability to weather cyclical downturns in the " economy and to invest for the future r workforce since Ford's 1979 has declined 37 percent, from 153,200 to 56.300. Ford said Petersen, in a brief news conference with reporters after the meeting, declined to r Ford estimate how many jobs would be left by the end of the decade Market Jumps as Traders Adopt Upbeat View on Interest Rates The stock NEW YORK (Al') market put together a moderate rally Thursday as traders took a slightly more sanguine view of the outlook for interest rates. Retail and energy stocks ranked among the leaders of the advance. we,;3i- 6111' cct CAiv? frAtjr White-Coll- Bruce Hammond I) 609 HOW 36 months AVAILABLE -- VISA cOr-Mt' cs;:5 1070 SO. MAIN 4 Ph. SALE GOOD THRU 1:0011au 61486 521-444- OM PM. I r, ISell--.011- s 1, Salt Lake City. Utak te : 4N-8- 1. S.. h,0s..ify,J11.4Plav4A4t, wAt?,,0001,,41,A,4,hJogo,.PI, |