European Stars and Stripes (Newspaper) - May 15, 1977, Darmstadt, Hesse Poge 16 the stars and stripes sunday May 15, 1977 interest rates go up stocks decline new York up interest rates Rose this week and Stock prices declined in mod Erate trading of new York Stock Exchange issues. The week ended amid growing in Vestor uncertainty and confusion about inflation and the Economy. The Dow Jones Industrial average which Rose 9.84 Points last week lost 8.40 Points to 928.34. The nose common Stock Index fell 0.17 to 54.13 Standard & poor s Soo Stock Index containing some Over the counter stocks slipped 0.46 to 99.03. Declines topped advances. 946 to 884, among the 2.117 issues crossing the Compo site tape. Big Board volume totalled 97.085.160shares, compared with 106.094.220 last week and 98,382.700 during the same week a year ago. The 15,230,000 shares turnover monday was the slowest since late novem volume of nose issues listed on All exchanges totalled 114.099.990 shares compared with 124.061,500 last week there was no reaction to the London eco nomic Summit meeting where the participants said the world s unemployment problem was As great As the inflation prob Lem. A Large number of economic reports arc scheduled to be released this week and could influence the Market strongly. Included Are reports on Industrial production. Business inventories and sales housing starts personal income the revised Gross National product and the consumer Price Index. Retail issues reflected investor uneasiness about the reported decline in consumer Confidence. Associated dry goods Tell 1 to 4. Federated department stores 2% to 35",. Sears. Roebuck 1% to 57% and a number of clamors and Blue chips were pounded this week As institutional investors appeared to become More cautious. Blue Chip Eastman Kodak the second most Active nose listed Issue fell 2% to 58-% on 1,302,000 shares. The company Early this week offered rebates on instant cameras and film. The Stock which sold As High at 120 in Early 1976. Has skidded since it introduced its instant camera a year ago. Ism. The top Glamor Issue lost 3 to 2s3 /4. There was Tittle news involving the company. Blue Chip Procter & Gamble lost 3% to 73% and Union Carbide skidded 2%to 51%. Sony corp. Was the most Active Issue off it to 9 on 2,339,600 shares including More than one million shares Friday. Trading included numerous Large Block transactions. Occidental Petroleum was third off 4 to 28 on 1,102,900 shares. Gamble Skogmo climbed 6 4 to 37mr after revealing the a ache Willot group of Lille France had offered $45 a share for All of its Slock. Weather cad which is Dis cussing a merger with Dana corp., gained3tol2vi. 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Volume totalled 13.028.615 shares com pared with 12,969.660 last week and 12,229, 050 during the same week a year ago. Houston Oil & minerals the most Active Issue climbed 2 4 to 57% on 1,111,400 shares. The company reported a Gas Field discovery in the Gulf of the amex options Market 146.358 con tracts changed hands compared with 178, 993 last week. Among the most Active options were Reserve Oil 4v Gas aug. 20s and Bally manufacturing May 20s. Investors guide Byram Sibulsky q. I m considering investing $3,500 in a sugar option at no commission. Why can t the option be resold a. 1 you Are not investing. You Are gambling on 50 tons of sugar 112,000 pounds 2 no commission is nonsense no one works for nothing and As a matter of fact the commission to the Salesman on the Deal offered you i m told by an expert in the Field is tremendous. 3 commodity options May be resold but generally through the same firm which in this Case evidently intends to be of scant Comfort to you. 4 you re going in Way Over your head and blindfolded to Boot. Q. Some of my friends insist they own Utility Bonds paying them interest Bleb is exempt from Federal income taxes. How 7.51 . I11in.l b.90 12.70 9.74 93 10 74 344 374 6,2k 444 11.48 . 4.90 750 524 173 Stock pulse y Mim in fmay my 13. 1977 Nye car Matt hum a Calm i vex him sikh old cum Erml be to Sot Iyce of. Wi7.900 t t 17.0 0.1 Eik 100 27uoo a 3m 110 9.7 Elpaso 1.10 24x400 11 2.09 9.0 Bat Wii i Kim 44v, 4.20 11.0 34 Wal Ltd Al .97 i Moo 111. J-61 1.0 44 soft Lull .30 i7l400 so 4 u 10.0 Occonel i i 177400 2ih 10.0 4.4 Ria up 1.20 170.900 to 149 12.0 3.9 it Coos .24 in i s 9.0 u Sou Caleo 2 112.300 a 402 40 10 nose off Polit la rent Nam i a suck of soft Jaq Onam ii in the Lintl 1.32 duty i 40b Broun c so Nett my try Prthu .30 John in 1.40 Falcon so 1 e suit la cum Cut Elim be via 3h � 4 u 10.0 06a m 4 itch 3.80 160 4.57 19.0 m 14.8j 12.0 1.4 46 1.0 1.7 7.97 1.0 2.0 2.13 15.0 1.0 3.53 18.0 5.7 3.7 110 2-1 646 7.u u amex can Mii Motl act Tom by Vourn do div Mcculoch 01 a Cuttno win but pm Symn .500 snort inn a credit .40 Anglo c in in Carbt i Aiono 30 Austral Oil vet Oom earn. Be Ylo 184,500 3s 1 0-39 10.0 174.soo 1s2.700 in 13.100 19u in 13.ho 7 49,000 4 4 4moo Itti 44.sc n 41.700 21v 2.32 230 1.5 0.11 47.0 2.21 9.0 2.0 075 110 0.56 13o 57 0-44 100 2.1 1 77 10.0 08 on 13.0 23 0 84 32.0ami c4imhiim Lent pm Cowk Wui Lac to Amic Onmi my Votra i Jim Oil joint sch is ror prec .10 Trot rec in Ctm Cut Eom be pm 27-u 3 s 3.34 10 29 17v,-j it 4.0 m 0.74 34o 2.75 90 09 2.44 70 1.7 1v� 1.05 15.0 2.5 in m9 47.014% 100 7.0 1.1 14 149 16 0 1.7 pfc 049 10.0 24y, Memphis electric distribution system. Nebraska Public Power. Power authority Omaha Public Power Platte River Power puerto Rico water resources. Sacramento municipal Utility Salt River project agricultural improvement and Power. San Antonio City Public service Seattle municipal Light and Power South Carolina Public service. Washington Public Power Arizona Power inc Mountain Utah Power Massachusetts municipal wholesale electric Muni Cipal electric authority of Georgia Texas municipal Power Agency. There Are Many More. If interested talk to your securities broker about them. And inquire about stale and local income tax exemption in addition to the Federal la exemption. Q. A Friend insists e Bond interest i income tax exempt. A. La is exempt from state and local income taxes but subject to Federal income lax. You May pay the Federal tax every year or defer it until the Bonds or the h Bonds for which they May be exchanged arc cashed in or reach final maturity. Q. What should a Young widow with four Young children with with $25,000 receive from life insurance policies a. I d vote for pulling the bulk of it into insured savings accounts. Only after she has had a couple years experience in Man aging her budget should she consider a Small investment in some solid common shares. Or. Shulsky welcomes written questions but he will be Able to provide an Swerson through the column for information on corporate and tax kempt Bonds please include a self and Dresick. Stamped envelope no foreign postage please. Address your requests to
