The Salt Lake Tribune from Salt Lake City, Utah • 24

s.i(',iiwiiW ofe- i pj-aSiwsf VCy 4w4Lji4'xf rv- js (M3rt.iiP'lit.tjBH(B5 -i 'a- i riSLxrr 4 14 I 1 --jv Hfi tV. wl-M- li: jvH' -y y. jt -w, V- 4 v' -fc alt Calif ribttnc 4 Slow Trading i 1 wariie Declines Asam Easiness Tacsday Moritifi, July 20, brought lower prices on the American Stock Echango on a in he over thc-couiuer markets Monday On the Amex the market value utdex at 20, down 82, which is the sharpest decline more than six weeks. (Copyright) S'cgc 2 4 The Market in Brief New York Stock Exchange Mandsy, July 19 Housing Starts Up In Slow Rebound New York Times Service WASHINGTON Housing starts rose mixl-rat'-ij in Jjne as the long sluggish setor of apartment house huildng eontioueH is slow roiamnd, the Commerce Department reported Monday Total starta lat month were at an annual rate of 1,452 000, the highest for any month of the recovery eveept last February, hcn starts were apparently artifielally inflated on a seasonallv adjusted basis because of unusually warm weather. June starts were 4 percent above the May figuie, which was revised upward slightly to an annual i ae of 1,430,000.

However, permits for new construct, on declined slightly to 1,122,000 in June from in May. In general the residential construction sector of the economy continued to show a level of activity far above the recession low's but was far from booming. Starts in muitifarrily buildings were at an annual rate of 275,000 units last month, up from 208,000 in May and the highest since the recovery began. In June a year ago this key sector reached its low of 550,000 units and it has tieen rising irregularly since then, though construction of apartments remains low bv historical standards tygfMiatam or cohort to! 3mIT wmplTV VTATF SAlI LKE CITY, UTAH In ttw Str of Ufh af ttx cloe of butntft on ira. rhff4tifrwnhitc6 US 1 ftwwurv icurtr JjWJ.lAiy.wO 5 Gor rwnt (frsre-.

c-ttpo 4RMtf PP noutfcitf utfv'noa (a) uii ijtl iAClm3ine una ucd income) (b) Rtfer tor poitt loan on 50 00 (c) Loon nat J6, 00 0nfc.f ie financing ft1 orwrtuwa. fu iu no 'Ufure. 4d (7trvr avv-Mi fcsnfc pramliww fl-A-QQ TOTAL ASSETS I iabilITi Obmanc rt posit of indiviooet, partner ntos, Cv r)tiN. 10.4D7.OnO ft) JJiT ana tavinu dapo of aotKorporatJors IT nnn nft p'Mwnirif't nt jnlwf vtm Gnvammrrrr 747 nrg 00 CvvriTs Of SfatiM and political ub1lvlion f.4AJ,(k frinmv ffrsrtcntr i-trtKfct 1 (10 TOTAL DFPOSHS IN OOMTSTIC OFFICES 4,.) (NO 00 ie) Total demand dnoolr iQ ft) 0 00 (b) Total tlnne and avns denocit 00 TOTAi Dt-POSHS in TJOMESTIC ANOFOPEIGNOFFK fcS Farfrai funds, purctatod and cWd undor Arwroi iorajrchasa diKTotk of tlca Other liabilities Total LIABIL mFS (eclixj0 subordinated Subordinated notes and deoenrure eOUITY CAPITAL Common mrn (a) No ahares authoricad t00 0tfl (b) No. shares outstarKlino (par value) Surplus Undivided profirs Kcservt tor contl noertcies atd other capital reserves TOTAL EQUITY CAPITAL TOTAL LIABILITIES ANO feQUfTt CAPlTAl 1,000 000 00 00 00 (19,000 Ernst Chain to Open 2 New Utah Stores New Yw Times Service NEW YORK Gold Issues and a number of prominent technology stocks u-ere wentr Monday a the marc-' turned downward in relatively slow rrhr.g The Daw Jones industrial average, unable to sustain a rally attempt at rrsi-ri ssion, simnd 2 points to close at 890.83.

This indicator, cuniposed of 30 blue-chip issues, has declined steadily since fhualinig one week ago at 1.2! its highest level nearly 34i years A few stalw art performers stood out against a market background that showed declining issues outnumbered the gainers by a 7 to-6 ratio on the New Ywk Stock Exchange. The outstanding stock was Skelly 0:1, which dosed at 10uhi, up 12 v4 points, alter Lading as high as 103 Getty Oil, which owns the bulk of Ekellys stock directly and through a subsidiary, said last Thursday it had begun talks to acquire the Skelly shares now in public hands. Skilly did not open for trading lart Friday. Getty Oil, after falling 74 points lart ek, ro--e to 175 Monday Nationwide trading in all l.sues listed on the exchange dropped to 21 31 million shares from 23 97 million shares A spate of selling on inflation fears DOWN 763 Two Ernst Home Con-tPrs will in Utah this week The Logan store, in the Cache Valley Mall, 1310 Main St will open Tuesday at 9 a m. Wednesday the Orem store, 321 E.

1300 South, will open. Fuels Firm Elevates R. D. Cash R. D.

Don Cash, recently named director of Mountain Fuel Supply Co.s 5 ration, dnl-' ling and; Iand-leasei 3 N.Y.S.E. Index 55.75 4Q.19 Comp. 104.29 Dow Jones Ind. 990 83 2.38 Assouan Prs Owrl Carieson Cadillac the lergsst CediHsc Duster in thQ. Intermountsin West Has a Good Section of 76 Cadillacs 1976 is the LAST YEAR cf the FULL-SIZE DeVilie! Buy now for beat selection of this full-sire classic They are the fifth and sixth Ernst stores to open this year ui Itah.

Ernst is a subsidiary of the Seattle, Wash. -based Pay 'n Save Coip-Many Items Roth stores feature home improvement supplies, sporting goods, arts and crafts supplies, housewares and garden equipment The Legal! toie is square feet and was built by Pure Ren tals. Sait Lake City. Designer was Charles D. Peterson, Salt Lake City.

Dale Ferrell, formerly assistant manager at Ernst's Midvale store, will be store manager Designs Facility The 3, 400-square-toot Orem store was built by Interwest Construction, Salt Lake City. Designer was Bill Adams, of Don David Johnson Design Development, Bountiful. Holland Sevems, formerly assistant manager of an Ernst store In Spokane, will manage the Orem store. The six Utah stores represent an Investment of about $11 million for the developers and Pay 'n Save Corp. MCMORANOA for 15 caefvfi dy, enotn with tM Ct rxl due from bok Fcirai tunm aotd and acurttlet iMircliaMKl unUar atf'tarrwnft torvM to Tima OapoaiH of IoO 000 or mora In dorrttc ottcel Trifai danoaita Fadaral tufXH purchan and wcurttUt nold unoar vraamanN to rauurttaa Tima caHJfte atat of daooaift danomlnatiom Of 40000 mor Numbar of oparatlno brnctM a of ri data I.

Jav ICnurtwm, Caahiar of ftta atwva namad bank, do tolamniy affirm tn-f tM ravnri of condition trira and cn rm to fba twmf of my knoMndM1 JAY KNUDSCN Cornet -AtW fW CHAMP pNFMAN RAYMOND WILLIE Dtrachxft StataofUtaB Counfv of Saif Laka Sorn to and tubacrlLad baua ma Wtt J4th day Of JuV, 1 974 MARY A GAfTIN Notary Putt 1C STATE OP UTAH Department of inanciai irrntuimHi primnaii, CommtaaKawr of Ehar.ial iMsliufon4. do norabv rartffy ha ftta asjoirj a frtja and cot reef coov of the tatemar.t of the narrd bantu fMaii tn ttn ottKa on July 14, 196. 8 BRiMHALL CommlMiomir of Financial Inafituhon Business Trndewinds has -h 'rsre ad'Jke Howard, who has b-en named vice president-metallurgy for a Gulf subsidiary in Kellogg, Idaho. Str. Reynolds juii.d the Ogdon miner als firm 1909 as a chemical engineer.

The Brigham Young Univer- sitv graduate had also 1070 Sa Main 521-4444 Rlwrt E. Ram plan has been named director of public relations for David W. Evans, Salt Lake City advertising and public relations firm. He is a University of Utah graduate and a former newsman Reynolds has been promoted to vice president-operations of Great Salt Lake Minerals and Chemicals a subsidiary of Gulf Resources Chemical Houston. He succeeds E.

V. Salt Lake City Max J. KiT Hampton Mr. Reynolds elected ajL: vice presi-W dent of the I company by JX the ii.i board of di- Mr. Cash rectors.

Mr. Cash, who recently joined the firm from Amoco Production will assume the duties of retiring executive vice president Jack T. Simon on August 1. US1' served as plant superintendent and production manager. Commercial Security Bank has announced two promotions: Jerald N.

Fuig-strom as named to the new ly created position of vice president and general counsel. He is a University of Utah graduate and joined the firm in 19(52; David G. Moore Mr-Engstrom was appointed vice presi-dent and trust officer in 1 'Z charge of the Ogden trust department. He joined income) REPORT OF CONDITION nf "SILVER KING STATE BANK" OP Park City the 5faie of Uah at the close ot business on June JO, 1976. ASSETS Cah and due from bank IflJjnCOO US Treasury Securities MWQ 00 jCibMoatmos of ntner Government eoenoe and corporation CbliuaUonsof Stale end ooflttce) ubdUIton 00 Trading account ecuritie Perioral fund sold and securities purchased under agreement to resell tn domestic office, a Loan, Total (excluding unearned 1 es Reserve for possible loan losses Loans, net Bank premises, furniture and fixtures, and other assets representing harut premises Other esset TOTAL ASSETS LIABILITIES Demand deposit of individuals, partnership, and corporation Time and saving deposits of individual, partnership, and corporation Deposits of United State Government fYpo' IH of Sat and political subdivision Onposit of commet cial bank rfifed and officer checks TOTAL DCSITS IN DOMESTIC OFFK.I 5 S3 0CP 00 a Total demand deooits a Toat ime and saving deposits 52.007,000 00 TOTAL DEPOSITS IN DOMfcSl 1C AND FOREIGNOFFICES Other itabilifle TOTAL LIABILITIES (excluding subordinated notes and debentures) EQUITY CAPITAL Common stock a.

No shar author ized 000 No shares outstanding 20,530 Sorotus Undivided profits TOTAL EQUITY CAPITAL QUO 66 LBT RFPMAN iwe Yctur frA Lie. L2.il L.I. f-Ni i SA Mr. Strike Mr. Bacon was formerly with a Cleveland, Ohio, firm in the same field.

Price Rentals is a subsidiary of Price Industries Salt Lake City real estate development and construction firm. CSB in 1970 after gradua- tion from the University of Utah Louis N. Strike, a 1908 graduate of the University of Utah, has been named vice president of the Cincinnati, Ohio-based Hess Eisenhardt Co. He was formerly a vice president of Continental-Illinois National Bank 4 Trust Co. Elmore C.

Bacon has joined Price Kcntaih. as a marketing and leasing specialist. He Redman Van Storage Co. SALT LAKE CITY 328-8581 OCDEKCLEARHEU) 773801 P80V00REM 375-6757 TOTAL LIABILITIES AND EQUITY CAPITAL fsWMflLB 249,000 AO onn no tiw.oocoo, 3no.ftfioo, $3y434yUOO 00 IliSFll Up MEMORANDA Average for 15 or calendar days ending with call date, a wvt ri from Nmkft Federal funds old and securities purchased under agreement to resell Total loan Time deposit of $100 000 or more in domestic offices Total deposit Tlr.w ik.vos.fs of or mere domestic oHices a irrw certificate of deposit in denominations of $100000 or more 00 1 Betty Andenton of the above-named bank, do solemnly swear that thi report of condition i true and correct, to the best of my krowiedge and belief. Correct -Attest- BETTY ANDERSON A WILDE ELLIOTT WOLFE DONALD WOOLSTENHULME Direckvs SMte Utah ounv of Summit ss Sworn to and sutacntd beofoe 'nt this 7th day of July 1976 TOBY TOLPiNGRUD Nectary Puttie STATE OF UTAH CVpa'tfTwnf of Financial in.titutni I 1 QUINN Chief Evammer of rmanr ini Institutions, dxt her ebv prllty mat th foregn-ng i a true and corretf copy Of the statement Ot the named banK, hkd tn tis ofNte on July 15.

1976 QUINN Chtef Fxamlner of Fine vial Institutions jj638 SOUTH STATE STREET PHONE 355-5336 Effective Annual leld Today with It gear increasing hgh oot aMrvmg and 4oubW-d(t m-Bohon, knowitdgpablt inveor ots trebng lb High pcmib return on th Ktnd const tnf with oMy Contury Mar tgag Com pony, ltd hot untqo prepaid mtit program 4tkh oiow your monoy to work Karrior for YOUI CENTURY CAPITAL NOTES tlSO rat I 19.I1S IKiKtlM ArimwI YtU ILPQO lam up 12.11X4 IttWiv Annual T1KI 1,500 lorn I up 15.21V Annwl TI.W AMI IttMy or cell JiWMI Call. wnt 0 drop in lor moro mlormofon Auto-Assay Sold Salt Lake City's Auto-Assay Division of the Summa Corp. has been acquired for cash by tl Bccton, Dickinson Rutherford, J. Auto-Assay, with about 45 employes, has been working on development of an automated radio system for medical use. Beelon, Ditkinsou is a leauuig manufacturer of supplies and equipment for the medical, laboratory and industrial safety market, and plans to begin marketing Auto-Assays system soon.

Dr. Lavell R. Johnson, founder of Auto-Assay, vvill remain wtth the division as a vice president. Auto-Assay is located at 175 W. 2950 South.

Engineers to Meet The Utah sector of the Institute of Transportation Engineers will hold its monthly meeting Tuesday at noon at Chuc k-A Rama restaurant, 744 E. 4th Guest speaker willl be Marvin R. Walworth, president of. Enercon, Grand Junction, Colo. a firm that has Just completed development on a device that conserves electricity used by traffic signals.

Air Passengers Increase Special to The Tribune June in the airlines HOUSTON Texas In- history, ternational Airlines has Revenue passenger reported increased pas- miles increased from (54 2 sengor traffic for June, million to 80 million marking the second best Th- load factor jumped from 48.4 percent to 52.4 percent compared to of 1975. Fc BSPOWT O' COHOITIOM I (OUWl 'DA'fcD hlrPuWT OF CONDITION of fVAl NFS BANK i IUST CUN.PANV of SALT LAKF C.TY SAL LAKE COUNT UfAH, rvJ'M and Foreign and lomfstn. Suhsuliartes at me dose ot business n'NF 40 19a a tata bansmg institution osianiwj and ripeatmu uxkr bi'kmq aws ot this State and a member ot the Federal Reserve system Published ac toroance with a can maoe the fate banking Authorities and bv the ederal Revive Bank ot itks Writ, Acsets I ssh and doe from banks at Jf9 OO) Treasury sec.irifies 44 740 '00 00 Obnpations tt Stgt and rolitic ai subdivisions 4 (y 00 Cither bonds notes and debenture 1 000 00 iHtral Rose shxk atd corpor ate tcx NH) 0i) Trading at count Feiuntio 58 000 00 (deral fund sold and securities purchaM! under tc resell donteshc ot 77 miO 00 a Loans, utai (excluding unearned incomv i 49 Less Reserve tor possible loan losses 2W lJO Loarx net Bank premises furniture arvj f-ntures andotbr assts reoresentmg Tvittk iremises 0her assets am.ouo oo 0 048 IWlO I 5 443 000 00 ntury Mortgeg Comony, 50 ot yH6 louHi toll Lae City, Utah 4103 1 Wo wrj copy ol yowr praiftu lor Am ctfonop. Nfr Addrra Chy Lip I ssifflSJB tkM xt owaiutt lo 'uk4i rsdan only Thi it hfftHor an ofFr to nor 0 soHcitofron of on dfrr to buy MCix ts. MKnbad Wn 1h mod by (b How to get more with your options Trading volume Facilities.

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ASSETS LIABlLlTip (Jt Papits of 11X1' Klc PO'rhM Hhitn. rxl corporation $1 9 00C I)L 1 ur and av PArtne ship and c.r 2G8 JT1 AOh 00 Dtsposiof Untti SMto Govemmoa 2 594 iah 00 1 vrnvts and onnbrai vjrxiiviaons 5J (X) commercial bank 11 i2 tKkJ rtttiHd axf officers chet 00 TOTAL DEPOSITS IN DOMCSTICOI r'rEf 234 00 a Total demand dupositt. $1h6 pj'u Wi 0 Total time arm saving dei-Jiit $i5J, iv 11C OTAL DEPOSITS DOMfc bT AND fORFGN OFFICES 4 rtw luno p(jfCha-td and mx ui tti uid uimr to repurchase dcmeLc Cuos 19 nU7 00 ttP DAnihtiet JO uT A I ABM II ES inxc Iipiumj siibot vim tvi rnite-s and tX'tu c-s $46 00 Mitjrdinateu not? and ti ttnturxs EQUITY CAPITAL cHimo' vriaf. a. thirT.y 2 9 TOO nai i 2uu al 5 par vaiu? 7,870 0C 0U uroH'r 110 iJO 10 imd' 'Mod profit InA-D1.

00 Kw rve tor coilingtfH Ins otner camta reset ves MSH'vO ft IQTL rOUl TY CAP! TAL 30 056 0 00 TOTAL L-Alill SANUFQvT'r CAPITAL $494 MEMORANDA h. r-qt- for 0' 30 alt xLt duY mdmii with call da'e a ch and due ftitn banjb 59 '56 000 00 -etra! luno eoJ securltK, wirrhavwj mxtnr reemetts resell --611 YV, 0v Total loan 2VJ, 123,000 00 1 -xs HvsfriLot moe hi d'-tnetic ufficwa 79 Tr.Anr 00 Tttai (VtHitfc 43ft 091 ,000 30 Fpot-ai 4urtds ov'Zl'njti and secontK r'2 mjer to repute 19 ds yto DO Sa.KJbv luntyf ut credt outtand'ng OU 7 ui oocM ornofmahui tt roo 000 or mot urn, iiiv cepua 3 wn Ovis of $'00 000 or mui 4i DO 1 Rrwt Brvat Chairman of the Bard Ovff Fxcjtire Dt, ttv a'lnvy oampl hank dn haaby that th report ot r'n0itKn trje tn the bn' of my Knowledge and belY RCGERTF B'TYANS the tinirierinwj dirertor aftan the uuri awtnes of ltns rop-)1 1 of ion and 3ei ifvat a been eKaminud by and to Ihs bct ot tiL.r krVM'flur and DflK true td Of I 6K. GIBBONS NYEb I Vt NS. JR i ZKAGGZ TATr OF UTAH Unwctor. O.

iV'hn uf Fu.v i inv.Mt.(i'l, I LKlrtr Chif Fvntnmer do h-re e't th if tr fnrw-o, i ue and tw tnr conv of Mw vfatotnetil of tlx oDcve it kj uu'ik. hio rft Itifs ottrt. wi JiJr In. lryft 4- wvi'NN Chief CaarTinw 0 Utnh COtT rt Syit I ake ss swvvntc and inj oetrv-i. te tm.

ftn day ot July .9 MAURINCB JOHNSON Njlrtry uunt. OMPA.M 3572 So. 500 Wort 253-3684 dO INCORPORATED FWfj jet Ncwil Amtn 4 9m 4rmlt 1620 lift Tower, Suit Sait Lake City. LUth S4UI let: (B01 531-7474 Inter-rvr aa RtCtiui S' Sf 1Uu A. pruviou Tie utft mere Mir poi 1 idt 4 CK-nlicme K.ivs- -vt i NdTir IV I slt rtJU OCC prt 1VJ.J Uls Hit fm Teril with the EXSCUnVI M00IL SHOT If yj rvd rr 9 or my Hyds oa a PM Oirl, Pit! in facpttcv lt, Tyf or Sot TV or Fgo)o Spot, col) of imop 5OS0 Highland Ur.

jJ 3 487-4921 Shar fAclcvt, M-yr. Avoilohia) 1 FETZERSINC. r. Add.esv, City Site I i4 9ivr fc Whet O'd od Le'r smnnehip nJ Th. Ptikut.dl Tftuvrb Stl.

fk.utish.