European Stars And Stripes (Newspaper) - May 29, 1977, Darmstadt, Hesse                                Page 16 the stars and stripes May 1977 Mart prices plunge to 16month Low new York up prime rate hikes that followed the Federal Reserve boards announcement it had tightened credit stunned Wall Street last week and drove prices to a 16month Low in the Stock markets second worst loss of the the Dow Jones Industrial average of 30 selected Blu Chip stocks plunged Points to the lowest level since it finished at on the loss was the worst since the Dow plunged Points the week ended March analysts said the Dows All through the 900 level was a blow to investor psychology and could trigger More Selling this they said the Market sentiment now is the reverse of last years when the Dow broke through the the Dow has Given up paints since the first of the investors were stunned that the in a highly unusual report on May revealed publicly that its open Market com Mittee had voted May 6 to tighten this was a major reason for the Dows Point loss the worst daily setback in six the Bank prime lending rate has risen to 6 per cent from 6v per cent in the past two weeks As a result of the feds James vice chairman of predicted the prime would Rise to to9per cent by late the higher interest rates led Many economists to wonder if the Economy will repeat last years performance of stalling after a torrid first they noted the per cent Rise in aprils economic Indica tors trailed that of the previous two the markets setback was the new York Stock Exchange common Stock Index lost to and Standard poors 500stock containing some overt counter fell to a new Low for the declines routed to among the issues crossing the Compo site big Board volume totalled compared with last week and during the same week Mutual funds prices new York up ii following a hit of hid and asked Prim on Mutual funds of main by the Naso Friday Moy 1977 bid ask Acorn cd adv inv 9j7 Aetna cd i 74 Aetna in at lure Ace cd 557 All 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the prime rate continues to the Stock Market could be in for the Dow average hit a 12year Low in 1974 when the prime rate reached a record 12 per the average reached with the prime at per aprils per cent surge in consumer prices could spell trouble for the Economys near term the nations Pur chasing agents said they believed manufacturers will try to raise prices this making inflation a major Eastman the most Active nose listed lost 4h to 55h on the Blu Chip Stock has been under pressure for More than a year because of problems related to its instant camera and Dupont was the biggest loser of the falling to the company said it fears its acrylonitrile chemical intermediate May cause among the other Monsanto lost to and twentieth Century Fox was the second most Active gaining 3 to 15 on one group is checking Fox assets for an apparent pizza hut Rose to 284 in Active trading after Pepsico said the firms were discussing a possible Pepsico lost 1 to Texaco was the third most Active off h to on other oils were Superior fell 6 to ism fell to a new there has been some speculation on Wall Street the computer giants second Quarter earn Ings might be As disappointing As those in prices full Iii moderate trading of Amer ican Stock Exchange the amex Index lost to and the average Price of a common share decreased by 28 declines routed 700 to among the issues volume totalled Down from the last week and during the same week a year resorts International a the second most Active climbed 4 to 19v4 on new Jersey Law makers enacted Atlantic City Casino Gam bling resorts Hopes to be one of the main Houston Oil minerals was the most Active off to 50 on great basins Petroleum was off i to 8 on in the amex options con tracts changed hands compared with 423 last among the most Active options were Reserve of Gas digital equipment july Jos and Dupont july Side ult il4o 15 941 us ii his a ppr income invert in do firm or 11 01 Energy guard partner Nea it Neuwith Newton g 1145 Newton to 944 new 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Llytle pm cop qty Fol lies Edmi do of Dock Broh cd Bra inc 9101016 by mid boo us 9111074 Massachusetts co Frem in ind f 701 764 mass f 10551151 mass Al Nancy secs Mit 10 17 1096 1442 1576 17 1124 n l my calf 1145 my Ras mid am 511 564 Money m i 00 n Many cd 176 9 57 mob cd 1157 Mil in f it 9 72 Mif cd in 197 Mif Gro 141 191 Mutual of Omaha Anwer j44 Intoc 93sio36 Mut t4at indu n Mig mid Mfd Mcd mfg mob Mother equity Coorg grow la income invest Vista f Novog Rainow f Revere f Safe Seq Safe co g St i cop Stupl pm 14 75 1011 102 7 19 3524 9 u 10 51 11 67 1 95 1 00 s 47 179 941 7 19 707 7 73 bids in 11511249 not inv tvs in copt 11 w Union in 411 449 740 144 9411044 994 Sis 545 ii u ii Iii 911 a cum and cd cent go cont inc income science Vongdy Ltd Svca usaa Ca in us gets value line funds vol Lite 4j7 499 Val inc 517 s to lev ctr 947 vol pc Vance Sanders income 171 411 670 111 141 invest is com spec Androl c and Rolt i 115 n comon income Mil and 1x70 mgt it Mun by special 7794 soc Tirley equity 315 invest is Ultra f 10 10 Sentinel 7 13 i 51 sentry f Sentinel group f 127 bal and 760 com so Vanguard croup 1457 1st Inu 1111 7 41 471 1119 n 951 945 n 1006 141 161 474 Welong to ii h Wylld or 665 Wise inc ill Olno Ives Morgn Trust Welsy Weltin a Stan winds varied i Rollst or Stock pulse by my press copyright 1177 Friday Moy 1977 Nosb composite most actives by volume do vol cm4 earns my 357400 56 in e01ik to com Homo Texaco Boot ads Emeriar k Mart Sonych Monroe to pm is Josh 29ft 171400 vat 141400 2m Isoo 17h 1s4joo 74h 9 14 41 115 140 ii 0 ii m 174 j a 17 o u nose Eom Poselle Lorgest Mel changes Stock div ism cup 10 a Mont 5 East up to Reymi cml Burrins tet Odyne 7k Polo Len we Oom Choe Caret be pm 24sa 130 m 3m 191 56 3m m 14 120 j 192 1i2w 2 s6 7 4741k is 1h composite most acl Vej by volume Stock div resort Lintl a us Nat res Houston m Sentei husky i get Bdl chomp pm icon Kin Ark vat com pm 164400 is i vp1 17 40joo 171 is 36400 21 4 y Ami composite largest net changes Stock div resort null a Housmon m Baldori us nut Motchen husky i All erds Risdom res 50 close chg corns be old 7u 7 760 40 115 4 14 120 10 12 154 100 31 147 10 4 0 in 7at 75 1s 14 Imi 174 i i a o in 9 to earnings ratio yield in Stock cent vivid no in Stich some Elim Jim u Moi Lri Byram Suhusky lion of the banking House offering the there Are literally thousands of these issues being your Best Protection is to make certain of the record of the underwriting 1 have a handsome profit on some Bonds i bought a few Yean should i we Are in part on the our banker says Hes in toe same spot and will therefore be Able to show a Good statement i dont think there would be much Point to your taking the profit because you would then have to reinvest at today Tower Are what has put your Bonds up in the first your banker May want to take profits so As to offset or for some other income statement but that Doest hold for you have no one to i suffered losses in a Stock option pro Gram because the broker current Market prices of my stocks against which Calls were sold instead of the Price i paid As a result i was forced to buy Back options on two of three How could i make any Money if the options could be exercised for a Price below what i paid this is an example of an investor going into a program he does not under if you hold 100 shares of a Stock for which you originally paid s70 and which is currently Selling at and you now proceed to sell a Call at you have agreed to accept 50 for the Stock until the option sex that Price you paid originally Means nothing of As a capital loss figure on your income tax there was no practical Way that broker could have taken your 170 Price into consideration and still made any real Money for there is Little room for sentiment in an option program and what i define As infatuation with the Price you paid is the height of welcomes written ques but he will be Able to provide an Only through the for lists of growth and dividend please include a stamped envelope no foreign address your requests to Sam care of the stars and Apo 145 770 21 110 10 12 Lio 12 21 120 122 10