European Stars And Stripes (Newspaper) - November 18, 1973, Darmstadt, Hesse                                Page 20 the stars and stripes sunday november 18, 1973. Stocks rebounded late in week investors Quade new York up state trading was heavy. Thursday before Friday s come ments by president Nixon and soviet Leader Leonid Brezhnev on the Middle East gave the new York Stock Exchange the psychological lift Friday that helped it to score its Best rally in nearly two months. Trading the Dow Jones Industrial aver age closed 16.78 higher at 891.33. The Index had Slid some 117 Points in the previous 13 sessions. For the week the Dow was off 17.08. It had skidded the first three Days and rallied slightly Mutual funds prices new York Fol lowing is a list of bid and asked Pri Ces on Mutual funds As quoted by the Nash inc. Friday november 16, 1973 bid ask adviser 4.39 4.80 Aetna cd 8.05 8.80 Aetna in 13.47 14.72 future 9.48 9.48 age cd 4.80 4.90 Allstate 12.51 13.45 Alpha cd 12.21 13.34 am Cap f 4.90 5.36 am birth 9.73 10.69 am dvrs 8.95 9.78 am qty 4.66 5.11 am express funds capital 7.22 7.89 income 8.27 9.04 inv St 7.85 8.58 specs 7.57 8.27 Stock 7.33 8.01 am Goth 5.45 5.96 am ins in 4.85 5.30 am invest 5.25 5.25 am taut 8.03 8.78 ant or 2.18 2.38 Anchor group capital 4.28 4.69 and inv 7.45 8.16 growth 7.68 8.42 income 7.05 7.73 Ventur 8.52 9.34 a Natl 11.7012.82 Astron 3.88 4.24 Addax f 7.50 8.19 axe Houghton fund a 4.46 4.85 fund b 6.92 7.52 Stock 5.80 6.34 axe Sci 4.28 4.65 blk Goth 11.1612.20 Babson 11.3611.36 Bay Roc 6.82 7.45 3ayrk or 6.17 6.74 bean i 8.56 b.56 Beacon 10.46 10.46 Berksh 3.88 4.24 Bond St 4.63 5.06 Bost fun 9.50 10.38 rom an 1 10 1 1qaluw 0.17  or Nam 10 of 10 o191 Lin ill   f a i him  funds. Rull pm 19 Aat a1duii re iz.4o ij.o3 fran Ith 91 data o1un re .  Kent ugh o a 10 %0p.otwu  iu.3y by Ven 11.22 12.29 cd fund 10.00 10.81 Cap Tran 11.30 12.35 cent she 13.91 15.20 Channing funds bal cd 10.34 11.30 and cd x9.08 9.92 com St 1.33 1.45 qty or 7.89 8.62 qty or 3.06 3.34 and am 7.85 8.58 growth 5.16 5.64 income 6.83 7.46 specs 1.86 2.03 Ventur 9.08 9.92 Chase 9oston and bos 8.18 8.94 fron up 5.17 5.65 str is 7.34 8.02 specs 6.45 7.05 chem cd 10.64 11.63 colonial funds conver 9.62 10.51 equity 3.20 3.50 fund 10.37 11.33 growth 5.98 6.54 income 9.72 10.62 Ventur 2.96 3.23 g 19 i 19   common with Trust a & b 1.12 1.21 c 1.43 1.55 comp or 6.47 7.07 Nymn Fri Al 14 8 85 muii1 j do   cd 7.07 7.68 Concord 9.92 9.92 cons inv 11.0011.50 in san go 5.47 5.98 cont in 7.64 7.64 country c 12.36 13.36 can Dall 6.26 6.84 can div 5.50 6.01 Dallas 3.33david 7.57 7.57 Delaware group Decat 9.63 10.52 Del f 9.22 10.08 Delta t 4.91 5.37 Devegh 61.0961.09 direct up 4.57 5.01 Dodge a 15.58 15.58 Drexel e 9.75 9.75 Dreyfus Gap dry cd 10.88 11.92 qty cd 3.85 4.12 dry la 15.09 16.54 up inc 7.50 8.22 3rd cent 10.37 11.36 be my 3.26 3.26 Eagle or i z bid asked Eaton & Howard Bain cd 9.68 10.58 Goth f 13.00 14.21 income 6.12 6.69 special f 7.55 8.25 Stock cd 12.56 13.73 Edie up 20.6720.67 egret it 12.22 13.28 elfin try 15.86emerge 3.51 3.84 Energy 12.02 12.02 fair fld 8.60 9.40 pm Bure 9.09 9.09 fed res 8.31fidelity group and Deb 8.92 9.75 capital z z Contra 9.71. Cd Sec 7.19dest 6.63essex 9.24. Everst 11.4012.46 fund 15.33 16.75 Purlin 9.44 10.32 Salem f 3.94 4.31trend 23.43 25.61 financial programs Fin Dyn 4.26 4.26 Fin ind 4.23 4.23 Fin inc 5.79 5.79 vent 3.97 3.97 isted a 11.2812.33 first investors disc cd 5.00 5.48 Goth cd 7.40 8.11 income 8.15 8.93 Stock f 7.69 8.43 1st Multi 8.23 8.23 film Ber 9.44 9.44 forum group 100 and 10.55 10.55 101 and 8.21 8.21 Colum 8.27 8.27 25 fund 6.14 6.14 fun or 4.35 4.76 founders group growth 5.29 5.78 income 11.21 12.25 f Mutual 8.81 9.63 f special 11.00 12.02 fours f 8.97 8.97 Franklin group Ditc 7.51 8.23 Goth or 7.39 8.10 for inc 1.84 2.02 us go s 9.77 10.71 it Litie 4.52 4.95 res Cap 4.74 5.19 is qty 4.26 4.67 Fol Leq 11.21 12.25 cd it do 8.99 8.99 funds inc group comm 8.85 9.67 Impact 7.92 8.66 Indus to 10.7911.79 Pilot 7.85 8.58 Gateway 6.28 6.79 Ges a p 34.40gen Sec z z group Sec Apex f 5.25 5.74 bal and 7.46 8.16 com St 10.77 11.78 Goth fam 4.31 4.71 Goth ind 20.3020.30 guard 22.70 22.70 Hamilton Gap fund 4.11 4.50 growth 6.42 7.02 income 6.39 6.99 Hartwel 9.86 9.86 Hart la 8.78 8.78 Hedberg 7.96 8.70 hedge 6.10her luge 1.65 1.80 Horace 18.20 19.x impel up 9.49 10.37 Imp or 7.35 8.03 inc dam 12.72 13.90 ind fam 3.50 3.83 int Egon 8.63 9.33 it invest xlo.90 11.95 intern g 8.64 8.64 inv co a 12.99 14.20 inv guld 7.26 7.26 inv indie 2.64inv bos 10.8411.85 invest counsel Cap am 7.37 .08 Copit in 2.77 3.04 Capit so 5.56 6.09 invest group ids Goth 6.59ids and 5.78 6.28 id apr 4.03 4.38 Mutual 9.31 10.12 Stock 18.94 20.59 select 9.40 10.11 Var pay 8.22 8.93 inv res 4.96 5.42 i s i growth 4.10 4.48 income 3.98 4.35 test it 3.47test so 12.84 14.03 Istel and 22.0222.70 Ivy fund 7.35 7.35 j p Goth 9.18 9.98 Janus cd 16.7916.79 Jhan Goth 7.70 8.37 Jhan Sig 8.03 8.73 bid asked Johnstn 24.1624.16 Keystone Cust by 18.89 19.75 Cust b2 19.5621.44 Cust b4 8.36 9.16 Cust Al 7.15 7.84 Cust k2 5.84 6.40 Cust is 21.70 23.78 Cust 52 10.68 11.71 Cust s3 7.67 8.40 Cust s4 4.10 4.50 Apollo 4.56 5.00 Polar 3.61 3.94 Knickr 6.06 6.64 Knur Goth 7.47 8.18 in dark 6.84 7.47 Lens cd 5.29 5.29 Lex group up Ledr 15.32 16.78 growth 6.13 6.70 Resich 13.29 14.52 la by cd 4.97 5.43 life inv 8.16 8.92 line Cap 7.04 7.69 loom is Sayles Cap do 13.35 13.35 Mutual 14.77 14.77 lord Abb a Filat 6.63 7.17 am bus 2.91 3.15 and Deb 9.90 10.82 Luthern 10.3511.31 Luton in 9.35 10.22 Manhon 3.79 4.14 mass co Freem 8.06 8.83 ind f 8.34 9.14 mass f 11.3712.46 mass incl Mit 11.3712.43 Mig 12.92 14.12 mid 13.1214.34 Mfd 12.99 14.20 Mcd 14.32 15.65 mates in 2.01 2.01 Mather 10.38 10.38 mid am 5.11 5.58 Mony cd 10.76 11.76 mob cd 14.04 14.04 Mil big 9.48 10.39 Mif cd 7.53 8.14 Mif Gro 4.27 4.62 mum it 4.75 5.16 mum in 8.81 9.58 Mut hrs 15.80 15.80 Mutl trs 1.89 1.89 Nat indu 10.09 10.09 Nat Sec ads Balanc 8.40 9.18 Bond or 4.77 5.21 div Len 3.50 3.83 pref St 6.13 6.70 income 4.62 5.05 Stock or 6.64 7.26 growth 6.46 7.06 new eng of equity 16.81 18.27 growth 10.77 11.71 Side 16.36 17.78 Nea it 9.20 9.39 Neu cent 5.13 5.13 Neuwith 8.82 8.82 Newton 13.65 14.92 new pers 14.2215.54 new old 11.8612.96 Nichlas 14.62 14.62 nest intr 15.1915.19 Omega 7.90 8.02 o Nell cd 12.61 12.61 one will 16.7216.72 Oppenh Flop 10.1911.14 of and 6.92 7.56 of the 6.67 7.29 oct Sec 10.37 11.27 Paramo 6.77 7.40 Paul Rev 7.00 7.65 Pegasus f 4.95 5.43 Penn it 2.42penn so 7.02 7.02 Pella cd z z Pilgrim up capital 3.45 3.78 income 8.81 9.63 Pilgrim 7.80 8.52 Pine St 10.04 10.04 pin tre 2.75pioneer cd Plon in 7.27 7.95 Pion cd 11.8612.96 Pion ii 10.15 11.09 planned 9.47 10.35 Ali Gro 12.38 13.53 Price Rowe growth 13.05 13.05nw Era 11.8411.84 new Hor 9.24 9.24 pro cd 7.99 7.99 prov let 4.06 4.44 proud it 8.20 8.96 prud sip 10.16 11.10 Putnam funds conver 10.71 11.70 equity 8.39 9.17 Geo 14.90 16.28 growth 10.99 12.01 inc 7.99 8.73 inv 9.41 10.28 Vista f 9.69 10.59 voyage 9.93 10.85 Revere f 6.23 6.81 Rinfret 12.79safe Seq 8.18 8.94 Salt tar 2.33 2.33 Schus cd 7.97 8.71 Schus up 7.59 8.30 Scudder ads intr inv 15.3615.36 thursday e Friday Back. The Market fluctuated wildly Friday. At 11 a.m., with the Dow off about a Point president Nixon said at some time in the future we can see some change with regard to some of the Arab Oil producing countries in their attitude toward exporting to the United states and Europe. Minutes after that statement bid asked the average of 30 Blue chips had Brianc 15.82 is.82 soared More than 20 Points. Porn i is Oil T but investors confused overs Pecal 27. Z4 z/./4.seabed Gap the meaning of Nixon s words add s is is promptly cashed in on the Short j i run o Livah ar1iranr�o anal who for ukr ii raced is 7.89  a  t Ull a u1ava univ jul it it us pm Cap 4.61 5.05 up Only q Points at 1 . Sad lev 4&i 5.05 the White House press office Security ads ecu it 3 49 3 81. Issued a statement later in the invest 653 7j6 Day that the president was not Ultra f 6.72 7.36 making any predictions on when Jamesnr 7.92 7.92 the Arab Oil embargo would be Opp cd 9a9 9.39 lifted. Sentinel Loisa Liia the Market rally got a second sentry f i2.84i3.96 wind however when at 1 03 . Scoamsthld3.55r3.88 est the Street Learned of a enter or s.83 6.37 statement by soviet Leader Harar cd a is Jui Brezhnev that the United states Legal l 6.52 7.13 and Russia had a common desire shecarson7fdsf42 for peace in the Middle East. Tap pc i8.802o.55 its height this second phase invest " 45 loss rally sent the Dow industrials  Dean io47 io47 More than 20 Points shortly after Side cd 6.91 7.57 3 n Sigma funds . Cap shr 7.20 7.87 Standard & poor s 500-Stock invt a s m Index Rose 1.45 to 103.88. The a Ventur 7.v 8 3 rage Price of a nose common Smith b 10.2110.21 share added 46 cents. Of Genf pm Iii sales totalled 22,510,000 shares swat my 7.24 7.83 against thursday s 24,530,000sw inv g 6.15 6.65 �.,� sour in ii.4oi2.48 snares Spectra 4.47 4.90 International oils with Large Staten and Graf stakes in Arab Oil shipments re com cd 4.80 5.25 sponged to the Mideast com Progris i la 542 ments a by added 3% Califon St for or 487 4s7 Nia Standard 1%, Exxon 1%. St for inc 8.87 8.87 general motors Rose 2state str 45.6746.02Mul"1f, 1 T1 a Steadman ads Chrysler iy2, and Ford 1% in a Asso pm i in rebound from a steady string of invest .34 k34 losses in the past few weeks. Ocean 7.17 7.17 Stein Roe ads Balanc 21.0521.05 Stock pulse capital 10.35 10.35 by United press International Stock 15.15 15.15 copyright 1973 Sis group Friday nov. 16, 1973 growth 6.24 6.84 income 8.36 9.1 Summit 8.98 9.8- nose most actives by volume Imp a p 1004 id 77 s Ock do pc of Eam p Egyid synchro g 644 70 por Tersa s 256,600 52 $1.8526.0trap 8.27 9.ft tempi g 7.83 8.51 Tower c z z Iran Cap 8.36 9.0 travel Seq 10.61 11.6. Tudor h 11.31 11.3 20th cd 2.88 3.1 20th cd 4.09 4.4 Kayseri .60 247,900 12 /2 2.42 5.0 4.8 Bra pet .37 245,400 15ve 0.98 15.0 2.43 Gen Mot 5.25 219,500 57% 8.86 6.0 9.1 Penn Centre 213/400 3 Chrysler 1.40 212,200 20% 3.49 6.0 6.9 j Gillette 1.50 187,500 41vi 2.80 15.0 3.6 West Al .97 179,600 34v4 2.17 16.0 2.8 \ Monsanto 2 174,900 59/i explore 21.8823.91 Ford can 3 88 2 16.10 5.0 3.4 Vest 9.24 10.10 be Gnu .07 46 /2 2 1.80 26.0 0.1 Morgn 11.6812.77 no am Roll 19 2 0.4444.0 to univ 7.64. Kewanee .48 20% 1% 1.77 12.0 2.2trust 11.5312.60 cast Eleam 1 22% 1% 5.65 4.0 4,3 Welly 11.7612.85 Val Mac .60 16 /2 1% 7.17 2.0 3.6welltn 10.62 11.61 a Stan 10.12 11.02 be Price to earnings ratio win Der 7.10 7.76 old dividend yield West ind 3.00 3.29 old dividend yield a sold or x7.b3 8.51 def deficit Wiscons 5.62 6.15 Juk yield in Stock Ziegler 10.28 11.23 Koer cent dividend in Stock sex div lend. A unavailable. Some dividends estimate earnings latest 12 month unaudited. By Sam Shulsky q. After paying for some Stock i was told that it would be about six weeks before i received the certificate. Why so Long who has the use of the Money for that period of time i be been told there is no such thing As a tax free Bond. A you be certainly managed to pick up a lot of misconceptions and outright errors. To take that last item first there Are billions of dollars Worth of tax free Bonds out standing issued by states cities towns water sewer Road school districts Etc., Etc., Etc. They Are All exempt from Federal income taxes and also and at least from state and local taxes in the state in which they were issued. Federal govern ment obligations Are subject to Federal income taxes but Are exempt from state and local taxes. So there six weeks May be a Long or Short time to wait for delivery of a Stock certificate. It can vary among different issues different Bank trustees different brokers. And the reason it can take that Long and longer is that Stock certificates Are still being handled according to 17th Century procedures. The investor whose Stock you bought must turn it in to his Bro Ker who must turn it Over to the Transfer and registrar Banks which must Issue new certificates in your name which Are sent to your broker who finally sends them on to you. If our banking were still so archaic it would take you six weeks to draw any Cash against a deposited paycheck. The securities Industry is try ing to do something about it by setting up big securities depositories and merely giving the investors broker a credit for the shares bought. But Many investors insistence on having the securities in their own name and in their own Possession makes it impossible to expedite the mat Ter in All trades. And i Don t know what can be done about that. No one but yourself had use of your Money from the Day you bought the Stock until the Day you receive the certificate. In other words you committed x thou Sands of dollars for that Stock the Day you bought it and the moment your broker on the floor of the Exchange said ill take it the Stock was All yours 100 percent. Any profit any loss your right to any dividend was determined by the Day you bought. Delivery Date of the certificate or the Date on the certificate do not affect your ownership. Q i m a 70-year-old woman who wants to Cash two $500 e Bonds i bought in january 1969. How much would i get and How much would i have to pay in taxes my Only income is from social Security. A As of november 1973, the $500 Bonds for which you paid $375 each Are Worth about $454 each. So turning in the two would bring you roughly $900. Since social Security is not reckoned for income taxes the gain of about $150 is far far too Little to put you into any tax bracket. So just forget about paying any tax. A i am a single woman in my Early 30s, working overseas for the government. I be found my savings account costly in terms of income taxes. I be thought of buying a townhouse in the states As i will be living there next year. What would you suggest about land purchases or other forms of investment a i Don t see How a person Liv ing overseas can buy a town House in the states by Remote control. How do you know it will suit you can you now be certain it will be convenient or How expensive a House you will be Able to afford i think the same caveats apply to buying land unless of course you have Access to a land expert in your immediate family or someone you Trust 1,000 per cent. Taxes can be heavy for a single person. You could of course Iso late your Money from taxes by buying Short term tax exempt Bonds which come due next year or whenever you May have to use this Money for other purposes. Or if you feel you will even then have some funds for investment you might Start now buying some. Solid common shares for Long term investment. Q i work for a Bank which is offering its employees a Choice of three investment programs common Stock fixed income or Bank Stock. Which i m in my 30s. A i d vote for either of the Stock plans. You re far too Young to buy fixed income. Q i m interested in investing in some tax sheltered programs. A Many Large brokerage firms Are offering such pro Grams in real estate or Oil the investment dealers digest 150 Broadway new York City 10038, devotes space to these programs regularly other financial publications do so from time to time. Q i have savings accounts at 6 per cent with 13 months to go. If i withdraw now i would suffer a penalty. I need a better return but Don t want to go into 10-20 year maturities in High Grade Bonds. What could i do a the first suggestion would \ be to talk. To an officer at your savings institution and see what can be worked out. If nothing can be done there you must calculate your penalty for Early withdrawal and then study the . Government and Agency Bond list. You will find Treasury Bills due in a year of Fering As High As iy2 per cent and Federal National mortgage Bonds due in a Little More than a year yielding around 8 per cent. Q i m interested in an article in which you wrote about getting $40 every six months from every $1,000 invested. How a by buying 8 per cent Bonds. De note or. Shulsky Wel comes written questions. He will be Able to provide personal an Swers Only if a self addressed stamped envelope accompanies the query. Address your requests to Sam Shulsky co stars an stripes Apo 09175. I