European Stars and Stripes (Newspaper) - June 26, 1977, Darmstadt, Hesse                                Page 16 the stars and stripes sunday june 26, 1977 stocks show gains in heavy trading by Frank w. Slusser new York up aided by report sat lower consumer prices and higher retail sales plus indications that capital spend ing was improving the Stock Market registered a solid gain last week in the heaviest trading of the year. The Dow Jones Industrial average a 9.66-Polnl Winner the previous week gained 9.25 Points to 929.70. To new York Stock Exchange common Stock Index Rose 0.78 to 55.42 and Standard & poor s 500-Stock Index containing some Over the counter issues climbed 1.12 to101.09. Advances topped declines 1,319 to 545, among the 2,113 issues crossing the Compo site tape. Nose volume of 128,579,880 shares up from the 114,553,170 traded the previous week was the heaviest since 133,229,690 changed hands the week ended dec. 10, 1976. Tuesday s turnover of 29,730,000 shares was the heaviest since 30,493,592 shares changed hands april 14. Turnover during the same week a year ago totalled 95,276,648 shares. Composite volume of nose issues listed on All . Exchanges and Over the counter totalled 147,411,710 shares compared with133,426.390 the previous week. The Market Drew much of its strength from the labor department s report tues Day that May s consumer Price Index Rose at a 7.2 per cent annual rate Down from 9.6 per cent in april. Analysts attributed some buying to published speculation that the organization of Petroleum exporting countries was about to announce an end to its two tier Price Structure. Observers believe a 5 per cent increase set for next month will be scrapped. The government wednesday reported the nation had a record 1.32 billion cur rent account balance of payments deficit virtually All of it being spent for foreign Oil. The government has predicted a $10 to $12 billion deficit for the year. While much of the week s news was favourable observers remained concerned by lingering suspicions that the Economy might slow Down this  and Dupont led the Advance As institutions made adjustments for the third Quarter. Ism climbed 8 a to 266, while Dupont jumped 4 Alo 117%. Sony corp. Was the most Active Issue falling to 9v4 on 2,315,000 shares. British Petroleum followed up to 16 on 1,441,900  was the third most Active Issue up l /4 to 29%. Superior Oil in which Texaco holds a Large interest Rose 4 to 204 after president Carter s Energy chief James Schlesinger said the administration might not veto natural Gas Price deregulation legislation. Beech aircraft which is holding prelim Inary merger talks with general dynamics jumped 4 a to 25v. General dynamics gained 2h to 58%.sea containers climbed 5% to to after Standard. Ohio Standard Stock added % to Orosi Tandy corp. Gained 3v, to a after the firm offered to buy up to 3.5 million of its own shares at $29. K Mart formerly . Kresge dropped it to 28% in Active Trad wet takers clipped twentieth Century Fox for l /4 to 23 and Columbia pictures 1 to 14%.the american Stock Exchange Index climbed to an All time High of 120.19 with a 3.24 gain its Best Advance of the year. The average share jumped 33 cents. Advances routed declines. 587 to 315. Among the 1,134 issues  totalled 15,872,205 shares up from the 12,498,430 traded the previous week and 10,637.655 traded during the same week a year  Oil & minerals which has Large natural Gas holdings was the most Active Issue up 4 i to 558% on 673,300 shares. Be Mitori followed off % to m on 511,300 shares. Kaiser industries was third un-1 receiving a Tanker contract from Ohio changed at 4% on 456.800 shares. New York by Alt by at by Artma new of Tam comp cd 760117 Hart la i.36n.l. Mil. Of Omaha hmm onus my a non Concord 3.unl, her luge mini Amer iutu.44 Apt. F 3j6 3j� Mutual Funn com tin 10751043 Home to 1.00 . Cry the 4.0 4.m Bol and  a Lam a Mina a  a. 407nl. 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C 153 1.61 income 719 162 Mif cd 1.53 9.22 Sentinel 1.34 9.07  by 116 is Hart Oil 1175nl. Mif Gro 3.1 4.71 sentry f 12 12 13 17 i Unoval Lable. Investor Bys yet q. Pm colder tag iveral Utility pre erred All listed on the big Board. My goal is income safety and capital galas Tow am i doing a. I think you Are in a fair Way to achieve two of your goals income and safety. See below for a preferred Stock listing but the capital gains play is something else again. A straight non convertible preferred Stock promised to pay you a fixed dividend every Quarter. In time of trouble it is paid ahead of the common. In Lime of affluence when the common shareholders might reasonably expect increased dividends Stock pulse Bru no a Mai Menoll Elvrum 1977 Frodey my 24. 1977 hym be Jel Mee Advae to Biumi suck Ore vow Brm m pm Bra pet j7b 41700 m in Iii 11teoca i 311400 m 3.27 m m Hercun 1 396,100 Itu 317 10 5.2tqraraam 41 30jjo u 1.94 1.0 4.1 a Lelch to 300301 Mvi 140 u Tandy Carp 24jjoo do 4.15 7.0slip put m 256.100 us .94 144 1.7weomer to 229400 13h 1.50 9.0 17 Cor Clerc 44 301.400 11% 141 104 is no Cin Amu Leffeu net oian Strodl do Ekht in w lord a old ism cup w 366 4 16.13  3.1hewitt p 40 10 21 349 21.0 s data Gen rot 4ht it 2.57 11.0oak ind join 2v 1.32 110 11 sup Oil 140 204 2 12.51 16-0 to Diamond m 3m 2.71 he Ai Ihian 140 41 2 5.04 174 24 Hall Lorton 1 66� ilk 5.37 170  Coal to 2svt i 1 96 110 u Amei compute my a level by Veli Ime 5leck div vol cloth earn of Retotal patrol 117.100 9v .17 94a Glt corp i5.n0 Kab .21 7,0 Holly corp 74400 7 i .70 100ai Omera to 74400 12.91 13.0 24flyng Dion 7100 m2m 10houlton 40 67400 my. 3.3 75.0 14 Perley corp 65,100 in .91 9.0 no con 0111  10 .90 11.0get Bat Pel 61.300 it. .27 350vernl Ron up sumo 9 41 14.0amei Cem Poine largest net change Slock div Clou Cage earn p e to Oke cop 34 3 27512.0retort  b 10", i .75 27.0 rancher exit v 1 1.06 19,0 Wachold .11 24 � a 2.13 12.0 4oocumaln 7 Ivi can sup of 47v, Ivi 5.11 9.0 pal corp 40 35 in 3.16 l of 3. Flyne Dom 14\i t lit 3.j to. Emra 490 10 i t in 2 5.0 34.fomdst a vat in 1.06  3.9 be proc to a Mongi ratio pm dividend Yarm Del deficit to yield in Stock k per cent dividend in Ito Klome div Dendi i timoted Erml Niqi Lall 12 month unaudited guide Shulsky the preferred gets Only the same dividend. Therefore Don t expect too much Market action in the Price of a preferred Stock. In most cases a preferred will Rise in Price Only if interest rates decline and should be expected to decline in Price when interest rates Rise. It acts very much like a a Bond in this respect. Interest in Good Quality pref erred is understandable among income seeking investors attracted by the relative ease of buying Small blocks of these shares and the quarterly dividends in contrast to Bonds. However while it is True that a preferred shareholder gets his dividend before the common is paid it does no follow that All pref erred Are  a recent Fitch investors service listing of preferred confers a rating on these Utility Perfer reds Baltimore Gas & elec tric Central Power it Light Cincinnati Gas & electric Cleveland electric illuminating consolidated natural Gas Duquesne Light. Gulf states utilities Houston lighting & Power Illinois Power Iowa Illinois Gas & electric Iowa Power & Light. Louisville Gas and electric Montana Power nor Thern Illinois Gas. Olahoma Gas & elec tric Pacific  Is t., Pennsylvania Power & Light Public service of Indiana Public service of Oklahoma. Southern California Edison southwestern electric Power southwestern Public service Texas electric service Texas Power for Light Wisconsin electric Power Wisconsin Power & Light these ratings Are applied to the above companies preferred issues. In some cases the preference issues of the same companies Are rated single a. Q. Recently i read that Stock certificate have been eliminated. True a. Not True. It is True that the Stock Exchange s depositary system cede has substantially reduced physical Transfer o Stock certificates to a bookkeeping opera lion. But the certificates Are there Bil Lions of dollars Worth. Also the popular and. Growing dividend reinvestment system has substituted computer record for fractional shares so acquired. And the Federal Reserve has Ansili tuned a Booken try system for government Bonds. But u most cases actual Stock certificates an still being bought and sold and trans f erred and alas Tost. ,.r i3lkl,? in written twos but be will be Able to provide an �rsoytiotw., for lists of growth and dividend Stacta please include Seu Addiss tamps envelope no foreign Sternal Riebaw Radores your request to Sam Shulsky can of the stars and stripes Apo wits