European Stars and Stripes (Newspaper) - May 01, 1977, Darmstadt, Hesse Page 16 the stars and stripes sunday May 1, 1977 stunned Mart shows Little change by Frank w. Slusse Newyork up the Stock Market stunned by the Carter administration s changed views on inflation and apparent Federal Reserve Board credit tightening escaped with Lille change last of new York Stock Exchange issues slowed from the previous week a investors tried to determine what lies ahead for the Economy. A 1.4 per cent risen the government s leading economic indicators showed the Economy has gained strength said investors Are confused by president Carter s actions after his first 100 Days in office. He has backed Down on his rebate program proposed a Complex and controversial Energy program and announced a spongy anti inflation plan. Against this background the Dow Jones Industrial average which plunged 12.47 Points monday to a 15-month Low re bounded the rest of the week to finish Down Only 0.17 Point at 926.90. In the 100 Days since Carter has been i office the Dow has fallen 41.77 Points. The nose common Stock Index eased0.03 to 53.66 and Standard & poor s 500 Stock Index containing some Over the counter issues finished unchanged at 98.44. Declines topped advances 925 to 954.among the 2.092 issues crossing the Compo site Board volume totalled 97,758,800 shares compared with 106,886.690 the pre Vious last week and 81.348,410 during the same week a year ago. Composite volume of nose issues listed on All exchanges to tales 114.515,130 shares compared with 123.834.810 last s jolting setback was sparked by revisions the Carter administration made late the Friday before in its inflation and Gross National product growth projections inflation was higher and the Gnu was Market also was Hurt by indications the fed had tightened credit because of a Mutual funds prices surge in the nation s Money Supply in the past month. Meanwhile government reports showed the Economy was improving from the severe Winter. The leading economic indicators 1.4 per cent March Rise was Thebes since a 2.3 per cent jump in july. 1975. Business productivity jumped 3.2 percent in the first Quarter and business inventories and sales Rose. A Wall Street journal Survey showed first Quarter prof its of 530 corporations climbed by a better than expected 7.7 per cent. Published reports said Carter economists now Are worried As Are some Pri vate forecasters in new York that the Economy is going to pause this summer. There is fear people already have spent theiso rebate that in t coming and Are Stock ing up on expensive Large cars in anticipation of restrictive Energy legislation. Phillips Petroleum fell 4v, to 53v, inactive trading in reaction to the Blowout of one of its Wells in the a Kofluk Field in the North sea. Norway has stopped All drilling in the electric which had solid first Quarter earnings was the mos Active nose listed Issue up 1 a to 21vi on 1,671,700 shares. . Kresge was second. Electric was third up v4 to 53% on 1,391, 700 motors Rose 1% to 68% and Ford trading sex dividend gained l i to 55vk. Both reported sharply higher first Quarter earning and have stepped up production plans. Chrysler added /.tola. . Steel fell 1h to 45h after reporting sharply lower first Quarter earnings. Wheeling Pittsburgh lost % to 15m, after a dismal first period report and company officials Friday said a Price increase was needed. The Industry is expected to act american Stock Exchange Index gained 0.42 to 112.17 and the average Price of a common share increased by four cents. Declines topped advances 482 to38s, among the 1,134 issues traded. Volume totalled 11.158,075 shares com pared with 13.918,555 the previous week and 9,722,800 during the same week a year ago. Kaiser industries whose stockholders have approved a liquidation plan was the most Active amex listed Issue off % to 17% on 483,000 shares. Houston Oil & minerals followed up to to 45% on 429,600 shares. Husky Oil was third up % to 27% new York up following it a let of on Mutual funds d Art a Fern cd 14 is . Atje inv 4 40 . Of blur i m . Age cd 5 n 5 36 All lit " . Alpha cd 0.37 . Am birth 9 76 10.47 am qty 6 a 7 07 Fantl am 616 7 \ prot in j9s 4 76 am a Fly 546 s.9 am Inion 499 5 t am in vol n a a in inc im4n l. Amnier 7 79 3 11 daily in 1.00 . Growth a 3 6.75 income 7.44 107 up ctr 4.41 4.75 and inv 6.6 7 in a Nail 9,90 10 67 Auddri f 7 61 1.32 axe Houghton fund 6 7 n 51 inborn so 546 Slock us tj.36 8lc pm 1071 11-23 bom inv 907 . Be Onchi 1.19 . Beacon 97 . Berger group 101 and 900 no Bonk to 412 5,27 fun 9 44 10.32 Calvin funds Bull cd 12 72 1x90 can a 7.31 1.07 Oto shr 100 3.3 noted 10.03 10.9 by Ven 11.20 13.24 cd fund 9.30 10.05 cd inc 54 923 Cap Prev 1 h . 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A retirement condominium next year and income 13 9i is 13 int so 1.74 9.55 a in s tre Surv Bond interest is subject will need income. N5�5brgr13brmn Semb " w43 to Federal income taxes though not a. I think you will find that Vou Are fare Nerg 14.76 so i or 12.5j ii state or local. On the div your letter a too Young to get a Good Deal from a lifetimes Hal s7n 13 Rived there weren t too Niani Treasury annuity contract. When the savings cart if Neami 7 12 . Sinyon 467 issues which were yielding 7 per cent and Cate comes due. Either Roll u Over into an nut run a Jujj better other or put in into some " 8" y of. " a t q. I am widowed age 61, with a time de corporate Bonds. It will be time enough Tonew wid io.5i . Com cd 4.204.59 go annuity shopping in about 10 14.11 . Dare ill 4.9j 5.31 b � 7 1 1 a Neil str 14 94 . Is for Bol 9.36 . Irveen 9.631001 is for or 5.14 . Onego 1031 no. Stole sir 41 7542 15 Suewo 1u . Steam mands Oppenh cd am ind 2.29 . Aim cd 9 07 9 91 Alia cd 1 09 . 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Bal and 799 173 j Unoval Labur Stock pulse by United Prell International copyright 1977 Friday april 29. 1977 nose com mlle Moil a live by volume Stock div Vul com eoral p e old Lucky my 3i6.9x k. 11 77 120 41 Tandy corp 301,900 2141 4.15 7.0krew 54 26400 2m 2.15 130 1.9 with Al .97 36110 71 3.61 10 46 poll old Pel 2 251500 s. 5.70 9.0 31 Elphic 1.10 743,100 if. 209 10 65 4.20 236.700 63 6.27 10.0 6.7 Tioco 2 3u.500 3mt 3.27 10 7.4 metro 1.10 191ad Mil 462 60 3.9 Xerox 1.70 179.200 5vt 463 10.0 7.6 nose compute la get net change. Slick div cum of be aim i Emu Poi 1.b7 it 3 sh5i 140 1.0 k l m Alt 40v 2 4.77 1.0fed Sig to 20 43 16312040 Humana .50 1wi � lit 191 9.0 11 Hunt cd .34 is. Lit 1.11 14.0 3.2 or ugly 1400 la in 7.30 11 0 19 Todd shop cd ink4.v Tandy corp 2b� m 4.15 7.0poll old pet 3 s3vi i 5.70 9.0 11 metro 1.10 2114 in 4 67 to 19 Amu c4enpnltt me6l Acyl in b a him Fleck div vol Ciell came pc you to Uvino to 141j� 451,0.1421.0 1.7 in Carbt .15 931100 17�� 1.77 10.0 0.9 Hulk Yoi so Buoo m 3.30 9.0 19 to mall to 71400 �1 0.62 14.0 34 in banknote 41.900 3h 0.2 17 Kewanee .72 sumo 31v. 155 11.0 1.9 Tellof 07b 50xxo 4u 0.12 1.0 14 in Leroy 15b 41300 20 3.41 1.0 0.7mini mine i9joo get Bol Pel 37.900 7h 01143.0amu Cemp Nett Lenny my cd Anim stick div Clem Argo term be a Kewanee .71 pvt itt 1155 11.0 1.9 houminl.94 29v, in 2.15 10.0 16 Shen Chi Ca 23 1h 1.44 Al 23 1h 1.60 140 1.2 Imrye .400 he my 121 6.0 10 pacer 0 to 20t. In us 13.0 11 pan ont to 2 1v� 4.29 6.0 11 Veacoc j3o in 1 in u 1.9 eos Ono jog 59 1 3 71 11.0 0.3 it Vallijo 17 1 0.44 j9.0 0 be prod the coming ratio my dividend yet Ildri de Flatt in yield i Nock per cent dividend in clock Tome dividend Knelt 12 month unaudited 14. I be re urea irom inc Nuu univ us 412. Our Only debts Are mortgage and car payments. We d like to invest about half of a $1.000 Bank account Short term. A. If by Short term Vou mean a year or so with High liquidity. I can t think of any thing much better than a savings account in an insured Bank or savings and loan q. Fin preparing to retire within a few months. A broker suggests i sell my Utility stocks and go into an option plan lie Man Ages which he promises will Iteld High re turns and is guaranteed Safe. A. Guaranteed by whom options you sell against Slock owed covered options can provide some extra income in everything goes according to Loyle. But there arc no i have no objections to a Well padded retired incs Tor trying to pick up a bit extra by Selling options against Slock in his portfolio. These Are called covered options. But i should keep firmly in mind that there car be risks even in the most conservative option practices. And if he goes a out trading naked options he is resell gambling. Q. I would like to sell some at to Stock in order to buy a retirement Home. But know nothing about the Market having acquired these shares Yean ago while an employee. A. There s no problem in Selling Atit go to any reputable brokerage firm. Tel pm what you have to sell and ask that the Check for the proceeds be sent you Whei the Deal is completed. Just be sure to keep All papers and confirmations connects with the Sale. Or. Shulsky welcomes written ques tons but he will be Able to provide an Swers Only through the column. For information on corporate and u exempt Bonds please include a self addressed stamped envelope no Forelli postage please. Address your requests 1 Sam Shulsky care of the stars an stripes Apo Oum
