European Stars and Stripes (Newspaper) - May 08, 1977, Darmstadt, Hesse                                Page 16 the stars and stripes sunday May 8, 1977 optimistic Mart has modest gains by Frank  new York up the Stock Market hopeful that capital spending will pickup later this year to sustain an accelerating Economy scored modest gains last week in Active trading of new York Stock Exchange issues. By Friday however investors were Uncertain. A $1.7 billion surge in the nation s Era Reserve Board would tighten credit or the second time in two  f. Bums the fed chairman triggered some buying when he predicted in congressional testimony thai the Gross National product would Rise 6 per cent this year. The Carter administration recently predicted a 4,9 per cent Gnu growth for1877. It was against this Uncertain Back ground that the Dow Jones Industrial aver age which slipped 0.17 Point the previous week gained 9.84 Points to 936.74. The nose common Stock Index gained Stock Index containing some Over the counter issues Rose 106 to 99.49. Advances topped declines 1,255 to 555, among the 2, 106 issues crossing the composite  Board volume totalled 106,094,220 share compared with 97,758,800 the Previ Ous week and 81,385,360 during the same week a year ago. Composite volume of nose issues listed on All exchanges total de 124,061,500 shares compared with 114, 515,130 the previous week. The 1.2 per cent jump in March s leading economic indicators continued to provide the buying spark. Shortly after Burns Testi fied Charles Schultze chairman of the Council of economic advisers predicted a second half Gnu growth rate of up to 6 per  Treasury Secretary w. Michael Blumenthal forecast a 7 per cent second Quarter Rise. Also encouraging investors were reports that March factory orders Rose s.2 per cent no defense durable goods orders 2.9 per cent shipments 5 per cent and con credit Rose by a record 2.72 billion. Unemployment fell to 7 per cent. The 1.1 per cent april wholesale Price Index Rise was the second consecutive month prices had jumped at a 13.2 per cent annual rate. But investors were encouraged that Industrial commodities Price in creases which Wall Street economists consider most important slowed to 7.2 per cent from 9.6 per cent. On Friday Republic steel and Lykes corp. Announced they were raising steel prices. The other steelmakers which for weeks have said the increases were Over due Are expected to follow soon. Aircraft and defense issues were Strong. Boeing jumped 4% to 52v4 after reporting sharply higher earnings. General dynamics Rose 3w to 55 w. Phillips Petroleum added it to a after the company s blown out North sea Oil Well was capped. The Stock eased Friday How Ever when Norway dosed a Section of the North sea to drilling pending farther study Taxa we the most Active nys toted Issue losing % to 24% on f.571,200 shares. General motors which had record late april sales was second up 214 to 69 on 1, 073 000 shares. Westinghouse electric was third offv4 to 21 on 1,055,300 shares. American Telephone & Telegraph Rose l%to4hon994,. Re co . Lost 4 to 1w following re ports that local and state authorities in Ohio were investigating for possible fraud in the filing of medical prescriptions at the firm s drug stores. The american Stock Exchange Index gained 1.77 to 113.94 and the average Price of a common share increased 17 cents. Advances topped declines 496 to 391, among the 1,142 issues traded. Volume totalled 12,989,660 shares com pared with 11,158,075 the previous week and 9,967,105 the same week a year ago. U m to  Ana Stan Aara at roars a Suu cuon spending s.6 per cent consumer Mutual funds prices new York up Folk Lna u o ill a us and Otom Price on Mutual fund of moved by the Nas inc. May 6. 1977 Bio at Acorn cd 15.31 . Adv inv 9.36 . Aetna cd 7.13 7.90 Aetna in 13.79 11.90 Afu lure 1.79 . Age cd 57 5.50 All tote 1.17 . Alpha cd 10.44 us. Am birth 946 10.71 am qty 5,01 5.49 am funds Orp am bal .04 .79 a cop 5.49 s.90 am Mut 9.09 10.11 and a 15.00 u.39 Copf a 670 4.7 gun am 4.57 4.94 inc am 16.44 17.97 inv am 139715.17 new part 16j2 1?. 4 woth m 440 7.43 am Gen Gap a Gabd 1.97 9.60 a a car 4.07 4.45 a in inc 6.53 7.14 a Ven 11.1513.19 qty or 6.50 7.10 and am 641 7.3 prove in 3.97 4.7j am Goth 541 5.91 am Inton 5.05 5.51 am invt 5.50 . A in inc 11 Ion l. Ami Graj 109 Anchor group Dally in 100 . Grow Tel 6.3 64 income 740 104 Spectra 4.46 441 and inv 6.79 743 to Noll 10.07 10 6 audio f 740 .51 axe Houghton fund b 7.97 146 income 4.91 3.36 Slock 5.91 646 blk Glt 10.36 i1j1 Bam inc 1.00 . Boot inv 9.11 . Bean i u3h.l. 6oocal 9.06 . Or Ger group 100 and 7.07 . A and 9.2 . Bork or 7.90 43 Bondik 441 5.31 bait fan 9 to 10jo Calvin funds can Foj �7j9 .00 div shr 109 131 income u.79  Howd 10.11 1145 by veil 114011.57 cd fund 9.401014 cd inc 44 9.2j Cap inv too . Cent Shi 11.10 11.03 ova inv 9.9910.91 dior cd m.13 1123 Chase Boston and bet 6j9 447 fran up 14 no so str by 747  com cd 7.00 745 cup Dot 1147 .Cma my gent. Ubrtay 440 4.90 month 141 171 Schut f 741 in colonial ends Comer 45 949 fund 9491046 or weft 441 145 income 41 41 cum c . Common with Trust a 4 b 1.01 1.09 c 140 143 comp by 9.15 944 comp cd 7.44 1.00 Concord 1177 . Cora inv 10 15 1041 bid Art by Alk in ten go 5.73 . Her luge 1j� it con i in 6.1snl. Hold to 1.00 . Country c 11.59 11.53 Horace 15.11 16.35 Doug 7.57 . Ind fam 107 to Delaware gup int Eaon re t Decatur i14 1164 Iii invest 749 .36 Delch p 9.40 9 4 inv guld .91 . Draw f 114011.46 inv Indk 140 . Delhi t 444 s.19 inv bo4 10.1110.91 Devign 3044 . Invest counsel direct up 4.13 4.51 Coom 40 .91 Doja Bol 22.19 . Copt so 5.97 .41 Dodoo 15.91 . Invest group or bum 9.hn.l. Ids and .6 6.11 Dreyfus Orp ids Glt s.1s 1 Oryx cd 11.92 1101 ids and 449 441 Ely a . Ids pro 109 1.30 dry la 1579 17.76 ids Toi 4.94 5.19 dry la 10.00 . 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Cutt k2 sj2 sj1 Purlin 11.16 17.20 cutt is 1749 19.12 Salem f 4.99 545 Cut s2 944 mj2 Thrift 10.41 . Cud s3 7.70 41 trend 31j32111 cult 54 170 444 financial. Apollo 445 441 programs. Polar 1m 144 Fin Dyn 440 . Lex croup pm ind 141 . Up Ledr mj1 15.93 Fin inc 741 no Crittl us 9 to first income 1040 1u investors retch 1549 1649 Mfd 447 112 Lite inv 744 741 Goth cd j6 6.95 Lincoln Natl income 40 9.40 sole am 745 . Stock f 129 946 sett sol 1u3n.l. Us mull 7.9 . Loomis Savles Huml inc  Cap do 1041 . 44 won 14.90 . Mutual 1104 . Fun or 146 4j2 lord Abb founders Orp Anliot 1j2 1.9b cram 443 44 bad Dee la j6 1131incom 1249 1145 income 15e 344 f a Lull .9 941 lutheran Bro of specs is 9.7 Broh cd m.40 ii j7 Franklin Orp Bro inc j. Mil Ditc to 7,1s by mid 1q.1s Ilov of Tel or 5.30 541 Bro us to Muf for inc us 149 mass co us go t 4 it Frame .14 .90 Ultimo 44 5.05 ind f 7.s 74j to cop is 150 Matt f k4ji142 it eary 111 157 mass Mcl Fol Liwaj 7.91 46 Mit ku1 ivj3 cd my do 741 . 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Why debts and other liabilities including therond or 4494.95 roce cd hl32 u m a could Tuffly okie buy the first liquidation value of any preferred shares.  is � a mus a Why does your wife pay $75 for a pair if you Divide the sum thus reached by thei com 5.54 5.97 Irsom i \403o3i of dancing shoes she can Wear Only 10 number of common shares outstanding onem 551594 set Oln ii no hours a month but probably pays less than you get the Book value per common ? Sirro Tor oin l. Half that for a pair of oxfords to live in if you own 100 shares of a company with csvm1 lots  ils. Because she thinks that Lacy bit of filigree one million shares outstanding you of noncom ii9o Tsyn is is 3 shoe will do More for  the Man to u0-l,000,000th or  of the Compa Orick to � 54. �46 pay Zvi for the first Stock in t buying it by. If the shares sell for $25, i d say your is f"0soon.l. Sam. Ils Loio T dividends. He s buying it because investment is �,500. Sofr to St   an soon. A wend bought some scotch whisky 1�.m Iuni 5"" a q. How is Book value of a Stock deter in an overseas bonded warehouse five swing  sour is Itil mined How would you evaluate an invest Yean ago. It was supposed to increase subs jul 2 l is t1 " ownership of a company a manually in value in four years. He would shot sust am of 4,3 m. A. Book value is an accounting term a like to sell but the agent woo sold it to him to i Ulo a save be will lose Rooney ii be Sells Bow. Nuveen 9.s0 10.03 St or bal 9.50 . Omega 104510.57. U or 194 . One will 1349 . Stale sir i t Oppenh cd Steadman ads aim cd 9.2s 10.11 pm ind la . Of and 4.11 i i ai40 cd 1.09 . Income .66 9.46 inv if 142 . Mony b 1.00 .  to feb 1039 . Stein Roe Fos time f 7.39 7.97 Bolonic 17 16 . Oil Sec 11521341 co Phi j9n.l. Porot 70 9.45 mock 11.90 . Pout Rev so 6.43 Survey f l56 9.36 Ponn my 349n.l. Tempi g 17-501346 pern so .25 . Temo in 1 00 . Pwt cd my j. Try top t.�pt�0fil c 100 1.74 tron Low f Al 1o01 pop Nix p Vij Okuji troll Seq 1 97 10 90 Pilgrim 61 Tudor h u.71 . 2ut a is is inst income 9jo 9.79 Una Ltd 6.43 . Plug cd a 9jo Una fund it Ulpino St i1.14n.l. Union services Pioneer for group Plon cd 14.1515.46 bids in 11461179 plonk ii 1549 1744 Hotl inv 6.u 644 Plond 1141 1244 uncool 10.95 1141 Ali Gro 10.95 11.97 Union lit 1244 1144 Ali to .06 41 United funds Prift Rowe growth 941 . A cum 6.153 income .93n.l. And cd 747 us new pm 1043 . Com go 44 946 new hot 4 . Cool inc 9.43 w41 to. Of . Income 1041 1142 pro cd 6.i4n.l. Stenc s4s 541 proud it 111 do Onod 546 to prud set 9j710.14 Ltd Lvcy 145 . Putnam funds usaa co 740 . Conver 13-15 13.31 Utah in 1100h.l. Equity t.47 my us offs f.74 a Cora 1142  Valur in pm crawl to 10.40 11-3? vo4 pm to 1mm invt 7.40 1 � Ltd Cettl to �. To c we a Val Sec 4ub 4m Votto f f 77 Hui Vance Samol Oyog 11.741141 income 115juj9 Rollo 101 . Veit 7.36 7.91 he Tot f 100n.l. Is com 4. If 477 Reno to f 540 . Spect 43 .71 lode a 941 and real q 3.79 no. Soe Eai g d.9 941 in Drbra 1 149 . St i Gilt 7j 7.96 a Anouar Orp Scudder Stiv Tutor k-45 . Into fold iu1 9ll. Is Lnda u4 . Murec hj9n.l. Rent 743 Al. Mat is h499ll. Mut i 1141 . Income u47n.l. Trull 149 .comon 469 4 Vrem a Mil. " was sj6n.l.swcumrv Fos Wott 41 . To july 193 4jo we flow b. If . Imit to 740 to a tread 1 141 171 Ultra 9.721042  4j4 642 sont Enol 7.91 47 Moxim of Tatj .sentry f 11411144 my or 4.91 741 Sentinel cup a Etc inc u4 5.73ape f a 1 Olno Tad. Bal and 104 79 m.4iviom1 1stock pulse by United pm Intaj Allono copy rum 1977friday. May 6, 1977 nose com Petite Moil Achzet by pm Limo Stock old Vel Clote Eami be my Inge Sotl 295,700 13v� 1 01 134. Lock chef 277.900 11 7.99 4.0 Marlott Ink 263400 i0 4 0.9111.0 34 re Coos a 136,500 1644 1.75 10.0 14  316400 uni  .0 .1 Gamot 2.700 236,109 49 10.44 7.0 to Bank 40 ,100 24h 2.47 10.0 1.1 Wetth Al .97 us.700 11 1161 1.0 4.4 kretgej6 u3.200 2h6 2.11 14.0 1.9  101400 to 044  0.7 Nisi coma Emo largest  Csongei Stock div dote Mckee East be Yff ism Carpio 25o 4 4 116.11 164 1.9 k l mall 45i 144 4.77 10.0 in Rico Oil 23 of 11 1.02 210 sup Oil 140 Ibuki m6 115 14.0 1.0 mrthno2.2o 51v� 14 440 .0 4.3 Mcdurm 140 set 1h 1117 4.0 11 Upjohn 1.01 10 to 246 11.0 24 Morak Mog in t in 5 of 4.0 34 Mclntyre 1 21 1v 6.56 54 11 Martel 1jo so Ivi 7.17 u it Marx a Monue mod act Vel by volume Stock Der vol Clote Tomt  Ymon Carbt .15 ks400 us 1.77 10.0 04 homm340 i66jod Sou 11413.0 14 Tamera to maj of ii 0.90 u.0 2.2 int Leyco 7400 Isth 10311.0.ruoco Indue 41400 2 Awe at. Barm be you Compon Al 149k in 41 1 4 12 Rong Roii 21% in oj4610.  2 vile houhh040 501 it 114210 14 to ill Cek h 3.04 10 Munsy ttys in 1 1.10 10 my Doe j5 it to  124 u Ssiss % St"4."cwlfltotl j7 Ore 14610.0 u be race to of Amendt ratio you div lend yield def tend Tok Ylma in Rock Kier cent dividend in Stock Tome div Kendt  Latell 13 month Noud Ltd com a 11.40 11s5 Zuj. V a. For years i have warned against these deals including cautionary state ments from the scotch whisky association itself. But i guess the sales agents were More persuasive. You might try the association at 77 George Street Edinburgh Scotland eh2, 3 or. You might also try to reach some Domestic distiller and see whether he is interested. Q. I recently bought some shares of on Auto company. How can i get a picture fits Stock Market history a. You will find histories in Standard t poor s or Moody s manuals at brokerage firms Banks or Large Public libraries. Also there is a Shorter presentation in Moody s handbook of common stocks and you can also ask a broker for a Stan Dard & poor s yellow Sheet which will also give you Many details. Q. My father plans to retire next year at 62. Would it be a Good idea for him to delay cashing his � Bonds until be is 65? a. Persons Over 65 do have the Benefit of an extra personal c3empuon, but i Don t think that would make enough tax differ ence if he is going to live on a modes budget As you imply. If he will need income from this fund next year there is no reason Why he can l Cash in a few of the e Bonds. In fact u the l Bonds will constitute a important part of his retirement income there is no reason he can t continue to Cash in a few Olathe Bonds each year. If his redemption does t come to More than 6 per cent of the total current e Bora investment it should serve As a Perma nent source of income. Or. Soul sky welcomes written acc. Sons. But be we be Able to ?1swers Only through the column. 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