The Los Angeles Times from Los Angeles, California • 50

Cos Angelee Sitnea 10 Part IV Wednesday August IS. LAND AUCTION ON: Sale Agreement Near OF TAX KEBS KMcCl BSUH.U PftOMTB ESTATES. kAJWIUrTCIES etc SUNDAY, AUG. 26th, 1984. 10 A HOLIDAY INN HOLLYWOOD 17H HtgMM Ave.

Heetywood, CA LIQUIDATING 222 INEXPENSIVE LOTS ACREAGE NO minimum bids on 36 lotsi 7 INTEREST INVESTMENT OPPORTUNITIES TAX SHELTERS SARGAINS Bnnomi wv Cairn Mi Acnvaji Cafe Mai wamt i A Ca wtwm hi Lata ani inKnn i cn aaa tau Saw im OMtn Co Ztm Ct Cl Li I i Ctw iMt I aacwnt Ml Siiawti.SaA.vi urtgw Ajnuir Cotumou Owyfipt NAxfuj. iWS fOOD i Mti4t Utflfw tone San Bvd'o. Saw lm Obatx i Sfiacuw NY tirgt fMcftot mi tc pleted. ON -TV will be left with only its Chicago system, which has 80,000 subscribers. SelecTV previously owned and operated another system in Milwaukee, but that was shut down last month.

From its launch in 1980 through the first quarter of this year, the Milwaukee system sustained an estimated cumulative loss of $9.8 million. Cole -Ford said. The chief difference between the two systems has been ON -TV's sports programming, including home games of the Dodgers, Angels, Lakers and Kings. SelecTV, on the other hand, is an all -movie channel. "Oak has indicated in the past that as many as 40 of their subscribers for Los Angeles have chosen to remain subscribers because of sports in their schedule," Cole -Ford said.

ban Mod twKtCUrfV o(tns but it 1 market, and consolidation in one direction or the other is absolutely essential." ON -TV. founded in April. 1977. at one time owned and operated systems in five markets with more than 600.000 subscribers at its high point in 1982 Last year, in an effort to stem subscriber losses. ON -TV hired Santa Monica -based Twin Arts, headed by Play girl magazine polisher Ira Ritter.

to manage program the system, but the move has failed to boost the number of subscribers. Oak discontinued its ON -TV services in rioenix and Dallas in the spring of 1983 and last week announced an agreement in principle to sell the TV station that carries its system in the Miami-Ft. Lauderdale market. If the Los Angeles deal is com pened." Oak. nonetheless, has invested $134 million to develop over -the -air pay TV.

In Los Angeles, ON's subscribers have declined from a peak of 386.000 in late 1981 to about 200.000 at present. SelecTV, which had 1 15,000 subscribers at its high point in early 1982, has declined to an estimated 75,000 to 80,000 "What we have seen in Los Angeles is simply a microcosm of the industry at large." said Alan Cole -Ford, a cable and pay -television industry analyst with Car-mel-based Paul Kagan Associates "I think both realize that two systems cannot survive in this Continued from Pag 1 a single channel of programming, while a basic cable customer pays $10 per month, with each premium channel typically costing another $10. The number of over -the -air pay -TV subscribers nationwide has declined from a high of 1.4 million in 1982 to 701.000 in June of this year "We've said all along that we saw (over-the-air pay-TV) as a relatively short-term business," Hartney said. "We could see back in the late 70s iuat cable would continue to grow and become the popular medium outside of regular TV, and that, of course, has hap FREE DRAWING Two valuabl parcals ol land FREE DRAWING CBcc annruiincc SSI WESTERN LAND BANK 1 2131 465 6211 MAIL BIOS write Hollywood. CA 90028 or (714) 739-8137 The Value Line Cash Fund, Inc.

RETAIL: Sales Drop three months, and sales of furniture and home furnishings, which dropped an equal percentage. Automobile dealers have reported difficulty in obtaining popular models, which could account for their sales drop. The sharpest declines in sales of non-durable goods were reported by general-merchandise group stores, which felt a 3.9 drop. Continued from Page 1 The slowing of retail sales was felt in both durable goods (furniture, appliances, cars and other items expected to last more than three years), which fell 1.4, and non-durables, which were 0.6 lower. Among durables, the most significant declines were in auto sales, which fell 2.1 after gaining for 11.49 10.89 Currant Compounded Ettactlv YVald' Currant Annuallnd YkaW 7 CHECK US OUT 71 Qualified for IRA and Keogh plans 71 No Sales Charge 0 Minimum Investment Only $1,000 71 Free Checks Earn Interest 71 Daily Dividends Compound Daily The Fund's current annualized yield is the 7-day annualized nel investment income as ol 73184 when the Fund's average portfolio maturity was 26 days.

Realized and unrealized fains and losses are not included in the yield. The compounded effective yield is determined compounding the same 7-day net investment income on the same date over one year. ields change in response to the Fund's expenses and to fluctuations in interest rates on portfolio investments. Opt Clos Price -Montru- Options Continued from Page 9 I' 24 4 3 3 a 60 P60 57' 57' Value Line Securities, Inc. Value Line, Inc.

Investment Adviser i 1 57' 45 Mannan 20 Opt Got Price Memni- Opt Ooi Prka -MonTM Opt Ctol Pnct MoofM- 26' 070 National Distributor Value Line Securities, Inc. 711 3rd 10017 Od Jan Apr Sep Dec Mar American MMIdxP 220 P40 IVu 14 237.91 225 MM 237.91 P225 1 4 14 2'l For A Prospectus, Call: Aug Nov Ftk 6'-. a a 4 2 2 a 1' 2'i a Vu 1 14 3 a 5' 12' 12 13' Vu '4 I 9' I 1 4V 51 6 14 2 3''. P25 30 P30 20 P20 25 P25 30 P30 26' 26' 26' 26' Merril 32 32 32 32 32 32 32 32 32 MesaPt 164 164 I For a current prospectus, which contains more complete infor- I mation including charges and ex- penses, return this coupon or call I our toll-free numbers. Read all material carefully before you in- vest or send money.

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Rates quoted are on an annual basis. This is a limited offer to California residents only. FIRST UNITED THRIFT LOAN 3928 Wilshire Los Angeles. CA 90010 (213) 480-4200 coed teams of two women and two men. Call 476-1866 and ask to register for the Corporate Challenge.

The Manufacturers Hanover Corporate Challenge Championship will be held in New York City. If your team is among the winners, Pan American World Airways will fly you to New York and your accommodations will be provided by the Sheraton Hotels. So now is your chance to run with The Financial Source.SM Now's the time to sign up your company runners for a 3.5 mile event that's as much fun as it is competitive. This year's Manufacturers Hanover Corporate Challenge will begin at Griffith Park on September 18th, at 5:30 PM. To qualify, you must be employed by a corporation, business or financial institution.

And you can sign up as many runners as you like as long as the number entered can be put into teams of five men, three women or MANUFACTURERS HANOVER The Financial Source5" in Los Angeles. And the world. Manufacturers Hanover sponsors the New York City the Mighty Hamptons Triathlon, the Westchester Classic and Corporate Challenges..