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Show 4F Tb Slt Lake Tribune, Sunday, October 6, 1985 Insider Trading Monitor Oil Investors Bucking Bad News and Climbing Wall of Worry By Bob Gabele FCI InvestNet It's beginning to look like some of the leadership weve been searching for is coming from the oils. We have mentioned before. This group has seen little significant insider selling for more than a year now. In fact, industries involved in the energy area have seen insiders accumulating shares steadily in the past six months. The top 15 industries showing accumulation for the past six months include the Gas Utilities, Oil Refineries & Marketers, Gas & Oil Pipelines, and Oil & Gas Field Services. We like situations where stocks buck the general bad news and climb the proverbial Wall of Worry and the oils fit the bill here. The energy area is not the only industry to show a general accumulative trend by insiders. Regional banks CEOs have shown a persistent trend for the six month period. Banking regions including South Atlantic, East North Central, Middle Atlantic, West South Central, and West North Central all remain in the top 15 industry rankings (each banking region is considered a separate industry). U.S. SHOE Our top 15 industry ranking includes the Real Estate Investment Trust group also. These "bad guys of the early 70s have had quite a turnaround in regards to investor confidence these days. The top companies for insider accumulation in this group are: Realty Income Trust, Hotel Properties Inc., Mission West Properties, Saul (B.F.) REIT, and Gould Investors Trust. We MARKET MOMENTUM continue to post the green light as we feel the markets upward momentum has further to go. Newsday Writer The chief executives getting the biggest raises in 1985 have a few things m common: They run a high-teccompany, live in a metropolitan area on a coast and, most important, make a profit. Those are a few of the conclusions of Growth Resources Report, an annual salary survey of the chief executives of small- - and medium-sizebusinesses. Drawing from the responses of about 3,200 officers of 1,000 companies, the report said executive compensation in all industrial sectors was up 10.1 percent over last year. In the high-tec- h sector, executive pay was up 11.5 percent. Service executives trailed at 9.1 percent and manufacturing bosses received 8.7 percent more this year. In all cases, the rate of growth was two or three times the 3.5 percent rate of inflation. Technology and service are still ahead, but not as far ahead as they have been, says Bradford S. Singer, vice president of Growth Resources h d Report of Peabody, Mass., publisher e report. The recovery that began in 1984, when executive pay was up 12.5 percent overall, helped the profitability and salary manoutlook in the capital-intensiv- e ufacturing sector. execAmong the reasons high-tecutives expected larger increases, Singer says, is high-tec- h companies tend to be clustered on the coasts, where the cost of living and compensation levels are higher. In addition, high-tec- h companies are paying for the specialized training required of many executives in that sector. of the 210-pag- h Cutting across all the sectors, however, was profitability. Companies making money reflected that in "A high profit CEO might be earning two, three or even more times what a CEO in the same type and same size company was making if he was in a situation . . If the company is doing well, the executives are rewarding themselves in the small business sector with handsome salaries. pay-check- low-prof- it . INDUSTRY - CumTO BUY CADEC SYSTEMS mins Engine now holds 2,920,000 shares of Cadec Systems. The most recent purchase was a private transaction where Cummins picked up 600,000 shares of Cadec for $3.70. LOYAL AMERICAN LIFE UPS STAKE IN NORTH AMERICAN NA TIONAL Loyal American purchased 27,400 shares of North American National in August, paying between $12.31 and $12 94. This brings their total holdings up to 335,024 shares since they purchased an initial block of 193,259 shares from South-mar- k Corp on Aug 9. Loyal American stated investment purposes as its motives in the accumulation. s Singer said more than of the companies surveyed expected profit levels to remain steady or increase. "The strong 10.1 percent increase was justified by the outlook and the performance of these companies." California leads the nation in employment and information technology jobs, and New York rates a disthree-fourth- tant second, according to the American Electronics Association. The association's figures for 1984 show New York with 230,000 workers in those industries, far below the 592,000 of California. The other states in the top 10 were Massachusetts, 214,000; Texas, 146,000; Illinois, 114,000; New Jersey, 112,000; Florida, 96,000, Pennsylvania, 88,000; Minnesota, 81,000; and Arizona, 61,000. - James H. Evons, director, purchased 2,000 shares at $20 25 per shat e on Aug ( He now has 3,000 shares , Ttioco Inc. Richard R. Dickinson, vice president, Indirectly acquired 500 shares at an unreported price per share on July 29 He now Indirectly holds 2,300 shares. James M. Seamans, vice president, acquired 300 shares at on unreported pr Ice per shore on Aug. 31. Wesnngnouse Eieclnc Carp. Willlom G. Carlsen, vice president, exercised on option for 6,000 shor es at $14.04 per shore on Sep. 20. He now has 6,000 shares. David L. U ten, vice president, exercised an option tor 2,000 shares at $14.04 per share on Aug. 26. He now has 2,296 shares. American Stores Co. Aline W. Skaggs, director. Indirectly acquired 7,500 and disposed ot by gift 3,306 shares between S59 88 and S57 44 per share from Aug. 15 to Aug. 27. Indirect holdings were not reported. Du Pont (E.l.) De Nemours A. Co. Anthony J. Cardinal, vice president, sold 1,272 shares at S56.25 per share on Sept. 17. He now has 4,900 shares. General Motors Corp. James H Evans, director, purchased 2,220 shares between $43.25 and $39 88 per shor e from Aug. 8 to Aug 15. Current holdings were not reported. American Telephone &. Telegraph Co. Other points emphasized in Bolkas address included that infringements remain licensing's number one problem, siphoning more than $20 billion annually from rightful property owners, their agents, licensees and distributors. Apparel and accessories plus toys and games, combined, will continue to generate sales accounting for about a 60 percent share of the increasing licensed products market, he said. Insider Trodirig Six Month Activity Summary NOTICE TO JANITORIAL CONTRACTORS The State of Utah is receiving proposals for the following janitorial contracts for facilities located in Salt Lake City, Utah: State Office Building D. U. P. Museum Council Hall Inspection will be held h REDWOOD 9:00 a.m. on October 9, 1985. 132054 Health Building Wildlife Resources Building REQUISITION NUMBER ROAD COMPLEX Agriculture Building Natural Resources & Energy Wildlife Law Enforcement H M 132053 REQUISITION NUMBER CAPITOL HILl COMPLEX State Capitol Building Archives Building Carriage House Decker take Archives Inspection will be held "Licensed Product Sales Expected to Hise NEW YORK (UPI) Sales of licensed products will more than double in the next four or five years, putting annual retail sales of such items in the $80 billion to $100 billion range, predicts Arnold Bolka, publisher of The Licensing Letter. Speaking recently at an industry meeting at New York Citys Pierre Hotel, Bolka said the two product catand compuegories of ter-video programs will experience their greatest expansion in the next five years. rumor that RCA will acquire MCA Inc.s film library is responsible for today's jump in MCA's stock price." One insider at MCA wJio probably didn't believe the rumor was VP Albert Dorskind who sold MCA in five separate transactions that day. He managed to unload 30,000 shares between $44 83 and $45 17 to pare his holdings down to 129,027 shares. CONTINENTAL BANCORPS PENSION TRUST BUYING THEIR OWN SHARES We like situations where a pension trust persistently buys its own shares. This situation exists with Continental Bancorp, whose pension trust purchased 8,250 shares in August between $37.25 and $37.63 and now holds 672,111 shares. MCA VP QUICK TO THE EXIT DOOR ON DAY OF RUMOR On Sept. 6, a story broke that RCA may acquire MCA. The Dow Jones story that day reported that the "ongoing Firms Get Top Raises of Successful High-Tec- h By Paul Schreiber BUCKS The TREND, SHOWS BUYERS footwear industry has about as many insider sellers in it these days as Cuba has cigars. Yet, in spite of this, two insiders have recently bought shares in U S. Shoe. In late July and August, director Gilbert Hahm purchased, in the open market, 10,690 shares of common between f 34 88 and $36 63 bringing his total holdings up to 170,643. Chairman Philip Barachs holdings rose to 49,621 shares as he exercised an option on Sept. 5 to acquire 5,000 pieces at $31 .50 per. CUMMINS ENGINE CONTINUES 9.00 a.m. on October 10, 1985. WELLSCONNOR COMPLEX M. Wells Building 132055 REQUISITION NUMBER Connor Street Facility Inspection will be held at 9:00 a.m. on October Heber Walk-Throug- h 1 1, 1985. Specifications and proposal forms may be obtained from: STATE OF UTAH DIVISION OF PURCHASING, ROOM STATE OFFICE BUILDING SALT LAKE CITY, UTAH 84114 TELEPHONE (801) 533-462- 0 2112 Completed proposals must be received ot the above mentioned office no later 3:00 p.m. on October 29, 1983. Only one Proposal per envelope ond Number must be on the outside of each proposal envelope. State Lthan the right to reject any and all proposals. STATE OF UTAH ADVERTISEMENT FOR SPACE The State of Utah requests all persons interested in leasing space to the State to submit a proposal by 2:00 p.m., October 23, 1 985. Specifications are available upon request at this office or contact Mr. Michael McDonald, Division of Rehabilitation Services at 533 5991. PROPOSAL IDENTIFICATION TYPE OF SPACE: AMOUNT OF SPACE: LXATION: LENGTH OF LEASE: PARKING: MISCELLANEOUS: OCCUPANCY: Please submit proposals DFCM8510 Office Approximately 1,150 sq. ft. 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