Daily News from New York, New York • 38

33 DAILY NEWS March, 3Tt; 1989 sote Dons SDgte Sato Worthwhile to look into lost fund JTi acauaintance going through familv flips rp- of the deal being negotiated by real estate broker Kenneth Laub. The buildings would become the headquarters of News America, a subsidiary of Murdoch's News which publishes New York, Seventeen, TV Guide, Premiere, New Woman and other magazines. The group currently is in offices around New York. Murdoch had considered New Jersey locations for the new headquarters specifically the Secaucus area, where his group of trade publications is located. By ROXANNE TAMARK1N Daily News Business Writer Media mogul Rupert Murdoch is getting ready to sign a deal that would create a News America publishing headquarters at two neighboring midtown towers, according to real estate sources.

The deal would nearly fill the two buildings, 750 Seventh Ave. and 1585 Broadway, which now are under construction by architectsdevelopers David and Jean Solomon. News America would be the sole tenant of 750 Seventh a 29-story building at 49th and would join the law firm Cravath Swaine Moore in occupying a portion of 1585 Broadway, a 47-floor tower at 48th St After using city as-of-right tax incentives, Murdoch would be paying about $27 per square foot, a big discount on the going rate of $45 per square foot, sources said. Murdoch also would become part-owner of the towers as part ZJ cently found two savings account passbooks, Jkeach more than 20 years old and long forgotten. Each account showed a balance of several hundred dollars.

She wrote a letter to the bank, which was in a state from which she had moved nearly two 'decades ago. The bank had undergone several name changes, had been bought and sold, and wrote back that it had no record of the accounts. What was she to do? She was certain she had de posited the money and had simply i lie joice is Eooss III SYLVIA PORTER Factory Orders Total MW OfdttS In Won dollars, seasonally adjusted By ALEX MICKEIINI left it in the accounts. Now it seemed there was no way of getting back her principal, not to mention interest that would have greatly increased the balance. After a number of letters back and forth, she found out that the money Doily News Staff Writer ST EST T53" 89 Feb.

'89 Feb. '88 Jan. FV2ILKEN FROM PAGE THIRTY-FIVE Lawyers for the Milkens and Newberg were to meet with government prosecutors yesterday to discuss posting a bond to assure assets could be seized if the trio is found guilty. But the meeting was postponed until today. Kenneth Schacter, a former assistant U.S.

Attorney now in private law practice at Solin Breindel, predicted the trial of the trio would not begin before the end of the year, and that it would take a year. According to Schacter, the gov- ernment case is far stronger than indicated by Arthur Liman, Milken's lawyer. Liman said "the charges against Mr. Milken are essentially a repetition of the accusations made by Ivan Boesky and others as they bargained for leniency or immunity from prosecution." Jailed insider trader Boesky will be the government's star witness against Milken and his alleged co-conspirators. But Schacter said juries convict an overwhelming number of defendants in federal trials even though 95 of the cases are largely based on testimony from an admitted crook or witnesses granted immunity.

Also, Schacter said the government has other witnesses who can back up the Boesky-related allegations in the indictment. Another factor in the government's favor: many of the charges are not related to Boesky. 211.3 A federal appeals court yesterday reversed the conviction of Neils Hoyvald, the former president of the Beech-Nut Nutrition in connection with the sale of adulterated apple juice. In a 2-1 vote, the 2nd Circuit U.S. Court of Appeals also dismissed some charges against another former executive, vice president John Lavery, but affirmed conspiracy and mail fraud counts.

The company itself pleaded guilty in the case and was fined $2 million. Five suppliers also admitted providing the adulterated and misbranded apple juice products. The case was tried in Brooklyn Federal Court The appeals court made its ruling on jurisdictional grounds. It said Hoyvald and Lavery were convicted of hundreds of counts of introducing the juice into interstate commerce, although the offenses were not committed in the Eastern District, covering Brooklyn. Brooklyn U.S.

Attorney Andrew Maloney said the ruling, based on "a very technical part of the case," was "wrong" and that he would seek permission to ask the entire 12-judge appeals court to review the case. was turned over to the state as unclaimed property. In time, she was able to track it down and recover her deposits plus some interest though not all that she would have earned had the money remained in the account. Each state has some sort of abandoned or unclaimed property division, usually as part of the state treasurer's office. After a period of time, which varies from state to state, accounts in which there has been no activity and whose owners cannot be easily located are turned over to the state.

More than $3 billion sits in these state repositories. If a relative has died recently and especially if you are executor of the estate it's wise to check with the state to see if it has unclaimed funds in his or her name. The process is remarkably simple. In fact, the most difficult part is finding out who to contact The best thing to do is write to the state treasurer's office, requesting the unclaimed or abandoned property division. The majority of states accept telephone inquiries about abandoned funds.

(Be sure to ask if there is a toll-free number.) Once you know who to contact, go for it. Inquire to see if you, your children or other relatives have money in their names. The accounts are listed on a computer, so it's easy for the state to run a check. If your given name is different from the name you use, have them run a check on both this is where mixups often take place. If you own a company or are a financial officer with a company it's worthwhile to check periodically to see if company money might have found its way into the unclaimed property file.

This frequently happens. Avoid having companies conduct the search for you. It's easy to make the search yourself, so you Savm U.S. DvL al Camrmm AP SMOKESTACK SLIGHTNING: Orders to U.S. factories for manufactured goods dropped 2.3 in February, the second straight monthly decline, the government said yesterday in a report offering more evidence the economy may be slowing.

"This confirms that February was a very weak month," said economist David Wyss of Data Resources Inc. in Lexington, Mass. "It leaves unanswered the question of whether this is the start of the slowdown we're expecting." The decline would have been even bigger were it not for a 22.4 surge last month in defense orders, which are subject to wide swings depending on when government contracts are signed. ire for heir life ml off Sears By RICKI FULMAN begun to add brand names to its merchandise. Revenues last year were $50.2 billion, up 9.5 from $45.9 billion in 1987.

Meanwhile, at Penney J.C. Penney Inc. said yesterday it was discontinuing its Teleac-tion television shopping service, taking a $20 million writeoff and laying off 164 employes in another blow for a retailing concept once considered the wave of the future. The Dallas-based retailer said it would take the charge in its first quarter ending April 29, adding it had invested $106 million to develop the at-home shopping service. Most of the losses have already been absorbed.

ery two weeks and focus more on their areas of expertise, reporting to regional managers," said Houde. "Previously the stores were visited by regional managers somewhat infrequently." Yesterday's announcement is part of a major restructuring announced by Sears in October, in an effort to become more competitive and more profitable. It kicked off the new strategy with a new everyday low pricing policy that was initiated on March 1. "We are very pleased with the results," said Houde. "But we won't know exactly how well we did until we get the sales figures on April 6." Sears, which has 29 stores in the metropolitan area, has also Daily News Business Writer Sears, Roebuck the nation's largest retailer, said yesterday it plans to offer 2,500 employes early retirement and to restructure the company to streamline its chain of command so that there is more "hands on" management in each store.

"We will have 800 fewer management positions effective Aug. we expect it to save us $75 million annually," said Mary Jean lloude, a Sears spokeswoman. She added that under the new structure, district managers will now oversee broad merchandise categories at as many as 12 of the company's 824 stores. "They will visit each store ev uon i need any neip. Ana mose companies usually take a large percentage of whatever you recover as bounty.

Once you have determined that the state is holding money that belongs to you, find out what you need to do to recover it. In some cases, you may have to provide proof that the money is really yours but not always. In the case of my acquaintance, the bank books were proof, so there was no problem. But in any case, you will be asked to fill out a form and provide evidence of your identity. You may be asked to provide proof that you lived at the address of record connected with the money, and you will need to give your social security number.

If you are making an inquiry regarding a deceased person, you will have to prove your interest in the case. It's worthwhile, also, to run a check in other states where you've lived even if you lived there many years ago. It's easy to forget small accounts that were opened, deposits paid but never refunded, and the like..