European Stars and Stripes (Newspaper) - September 04, 1977, Darmstadt, Hesse                                Page 16 the stars and stripes sunday september 4,1977 stocks score gains in slow trading by Frank w. Slusser new York up the Stock Market scored its first gain since mid july last week. But turnover was the second slowest of the year indicating investors remained Uncertain about the Carter administration and the Economy. The Dow Jones Industrial average which had lost 70 Points in the previous five weeks gained 16.89 Points to 872.31, the first weekly gain since it Rose 17.47 Points in the period ended july 22. The new York Stock Exchange common Stock Index Rose 0.73 to 53.33 and Standard & poor s 500-Stock Index containing some Over the counter issues Rose 1.39 to 97.45. Advances topped declines 1,145 to 638, among the 2,094 issues crossing the Compo site tape. The big Board volume of 87,020,240 shares was the slowest full week turnover since 86,103,460 shares changed hands the week ended april 1. Composite volume of nose issues listed on All . Exchanges and Over the counter totalled 101,948,370 shares compared with 110,128,030 the previous week. Analysts generally attributed the and Vance to bargain Hunting and Short cover ing prior to the three Day labor Day weekend. The Market will be closed monday. Wall Street was jolted tuesday by re ports the Carter administration was think ing about asking for wage Price standards in specific industries because of High inflation. The next Day a spokesman for presi Dent Carter who promised in january not to impose wage Price controls said Carter was unaware of any such study. The August wholesale Price Index Rose a scant 0.1 per cent following two declines. Farm prices fell 3 per cent. Interest rates held firm even though the Federal Reserve Board monday raised its discount rate a half Point to 5% per cent. Government reports confirmed the slow Down. The july Index of leading economic indicators declined 0.2 per cent Mutual funds prices new York up following is a list of bid and asked prices on Mutual funds As quoted by the Nash inc. Friday september 2, 1977 bid ask Acorn comp cd Concord cons inv in san go cont in country c a bldg bid ask 7.41 7.97 12.41 . 9.37 9.87 5.81 . 6.16 . 11.35 12.27 7.53 . Bid ask bid ask Delaware group Decatur 12.02 13.14 cd adv inv Aetna cd Aetna in future age cd Allstate Alpha cd am birth am qty 15.67 . 9.85 . 7.32 8.00 13.16 14.38 9.20 . 5.71 5.83 8.61 . 10.63 . 9.72 10.62 4.95 5.41 Delch f Del f Delta t Devegh direct up Dodg bal Dodge a or Burh 9.42 9.86 10.97 11.99 4.90 5.36 30.77 . 4.26 4.66 21.76 . 15.61 . 9.55 . Amer funds group am bal 8.02 8.77 5.79 Dreyfus group dry cd 11.87 12.97 am Cap am Mut and a Cap f a Guh am inc am inv am new prs Wash m 6.33 9.67 10.57 15.27 16.69 6.48 7.08 4.96 5.42 16.01 17.50 13.70 14.97 16.37 17.89 6.49 7.09 dry la dry la numb 9 up inc tax be 3rd cent Eagle or 16.1917.69 9.99 . 5.55 . 7.28 . 16.06 . 12.87 . 10.52 71.50 Amer Gen l group a Gabd 9.12 9.97 4.01 4.38 6.58 7.19 12.85 14.04 6.53 7.14 6.43 3.99 a a car a in inc a Ven qty grand am prove in am Goth am Insun am invest a in inc ant or Anchor group daily in 1.00 . Growth 6.40 6.90 income Spectra and inv a Natl Addax f axe Houghton fund b 7.83 income Stock blk Goth Babs inc Babs inv bean i Beacon Berger group 100 and 7.31 . 101 and 9.07 . Berksh 7.78 8.50 Bond St 4.80 5.25 Bost fun 9.39 10.26 Calvin Bullock Bull cd 12.57 13.74 can cd div shr income Natad by Ven cd fund cd inc Cap Prev cent she Chal inv Chart cd Chase of Boston and bos 6.18 6.75 fron up 3.65 3.99 str a 7.31 7.99 spec 5.28 5.77 chem cd 7.06 7.72 Chep Dol 11.22 . Eaton a Howard Bain cd 8.12 8.75 fours Goth f income spec i f Stock cd Edle pc Edson go 7.03 4.30 5.49 5.92 5.14 5.62 5.80 . 12.38 . 2.96 3.23 7.34 7.91 4.34 4.68 x6.57 7.08 10.01 10.79 8.47 9.26 8.51 5.03 5.47 5.78 6.32 10.70 11.70 1.77 . 9.24 . 8.49 . 9.55 . Egret cd elfin try fal fld 7.99 . 8.93 9.63 6.18 6.66 6.47 6.98 8.82 9.51 17.10 . 9.08 . 10.58 11.50 14.43 z 9.23 10.03 Federated group a Lead 7.87 7.99 Empire 18.49 z 4th pm 17.38 z opt inc 13.56 14.82 tax for 13.38 . Fidelity group and Cut 8.86 . 8.37 9.15 10.16 . 1.00 . 8.12 z 15.43 . 15.93 17.41 23.46 z 10.65 . 10.55 11.53 4.82 5.27 10.42 . I 7.33 8.01 2.99 3.27 14.88 16.26 x9.63 10.52 11.26 12.31 9.51 10.28 8.76 9.47 1.00 . 11.43 12.32 9.95 10.87 13.77 15.05 capital Contra Day inc dest equity fund Molln Munch Purlin Salem Thrift trend fun cd programs Fin Dyn 4.91 . Fin ind 4.13 . Fin inc 7.43 . First investors disc cd 5.31 Goth cd income Stock f 1st Multi 21.39 23.38 5.80 7.27 9.67 9.10 z 6.65 8.85 8.33 z Istl inc z z 44 Wall 17.07 . Fun or 3.78 4.13 founders group growth 4.41 4.82 income 12.1413.27 f Mutual 8.44 9.22 f Speed 9.44 10.32 Franklin group Brown 3.34 3.60 Ditc 6.86 7.40 Goth or 5.28 5.69 for inc a sgt s it Llytle res Cap is qty la arty 4.30 4.70 Manet 2.45 �68 Schus f 7.85 8.51 col Ofil funds. Conver 1.88 9.70 fund 9.1810.03 growth 4.54 4.96 income 8.97 9.80 opt inc 11.3812.44 Colum g 15.17 . Commonwealth a & b .99 1.07 c 1.47 1.59 comp by 8.73 9.39 Fol Leq of Dock 1.76 1.90 9.77 10.53 4.79 5.16 2.58 2.78 3.35 3.61 841 9.19 8.29 8.42 funds in group comm Rimpoc Indus to Pilot Ges a p Gen Sec Goth ind 843 9.43 7.99 8.73 10.55 11.53 8.21 9.05 25.69 z 9.07 . 17.52 . Hamilton group fund 4.10 4.48 growth 6.82 7.46 income 7.66 . Hart Goth 12.13 . Hart la 8.41 . Her luge 1.45 z hold to 1.00 . Horace 14.55 15.73 ind fam 2.94 z it invest 8.23 8.99 inv guld 8.84 . Inv indic 1.38 . Inv bos 9.59 10.34 investors counsel Cap am 8.65 9.30 Capit so 6.06 6.52 investors group ids and 5.89 6.10 ids Goth 5.54 z ids no 4.74 5.15 ids pro 3.13 3.40 ids tax 5.07 5.32 Mutual 9.10 9.89 Stock 18.18 19.76 select 9.56 10.28 Var pay 6.43 6.99 inv Resh 5.33 5.83 Isi group growth 4.46 4.87 income 3.59 3.92 Tref of 2.84 z test so 10.52 11.50 Istel and 19.68 20.29 Ivy fund 6.12 . J p Goth 10.04 10.91 Janus cd 17.90 . Johnstn 19.43 . John Hancock Blanc 8.89 9.66 and cd 19.7721.49 growth 5.45 5.92 Kemper funds income 10.79 11.48 growth 7.03 7.68 Man my 1.00 . Mun by 10.83 11.37 opt inc x13.47 14.72 sult 10.74 11.74 techno 7.21 7.88 total r 9.88 10.80 Keystone funds Cust by 18.03 18.83 Cust b2 19.8321.68 Cust b4 8.42 9.20 Cust Al 7.61 8.32 Cust k2 5.09 5.56 Cust 51 17.2218.82 Cust s3 7.56 8.26 Cust s4 3.83 4.19 Apollo 3.91 4.28 Polar 3.27 3.57 Lexington group up Ledr 13.06 14.37 growth 9.18 10.03 income 10.68 11.67 Resich 14.51 15.86 life inv 7.87 8.60 Lincoln National Selc am 7.09 . Selc spa 12.69 . Looms Sayles ads Cap do 10.47 . Mutual 12.86 . Lord Abbett of Flat 7.69 8.30 and Deb 11.4212.48 income 3.57 3.86 lutheran brother Broh cd 10.25 11.20 Bro inc 9.43 10.31 by mid 10.46 11.43 Bro us 9.84 10.75 Massachusetts co Freem 7.97 8.71 ind f 7.42 8.11 mass f 10.61 11.60 mass Flanc l secs Mit 9.89 10.66 Mig 1.51 9.18 mid 14.73 15.88 Mfd 12.52 13.50 Mcd 14.01 15.11 mfg 1547 16.89 mob f 9.79 10.28 Mother 13.70 .Merrill Lynch Basic i 9.56 9.96 capt cd 12.9813.52 Ray ast 1.00 . Mid am 5.20 5.68 Money m 1.00 . Many cd 9.12 9.97 mob cd 13.86 . Mil in f 9.00 9.84 Mif cd 8.14 8.80 Mif Gro 3.88 4.19 Mutual of Omaha Amer 11.86 12.42 growth 3.96 4.30 income 9.56 1039 tax for 15.49 16.84 Mut hrs 29.88 . Nat indu 10.67 . Nat l securities Balanc 9.38 10.11 Bond or 4.67 5.04 div Len 4.07 4.39 pref St 7.39 7.97 income 5.46 5.89 Stock or 7.90 8.52 growth 5.53 5.96 new England life equity 16.48 17.91 growth 9.02 9.80 income 14.19 15.42 Side 13.32 14.47 Neuberger Energy 14.71 . Guard 27.72 . Partner 9.41 . Nea it 8.00 . Neuwith 8.35 . Newton g 11.83 . Newton in 9.96 . New old 10.93. Nichlas 15.70 . Smuro 9.48 10.19 nest intr 14.87 . Nuveen 9.85 10.31 Omega 10.32 10.44 one will 13.91 .Oppenheimer aim cd 9.16 10.01 of and 5.81 6.35 income 8.83 9.65 Mony b 1.00 . Tax feb 10.70 . Time f 7.83 8.56 oct Sec 13.14 14.28 Paramo 8.75 9.51 Penn it 4.01 . Penn so 7.77 . Pella cd 7.32 8.00 Phonix c 7.92 8.66 Phonix f 9.56 10.45 Pilgrim group poll from 12.49 13.15 capital 3.33 3.53 income 9.35 9.85 Pilg cd 8.90 9.37 Pine St 10.47 . Pioneer funds Pion cd 13.8515.14 plonk ii 16.47 18.00 planned 11.43 12.42 Ali Gro 10.6411.63 Ali trn 8.35 9.13 Price Rowe growth 10.36 . Income 10.13 . New Era 10.88 . New Hor 7.47 . Tax for 10.40 . Pro cd 6.04 . Proud it 7.88 8.61 prud sys 9.27 10.13 Putnam funds conver 11.50 12.57 equity 10.08 11.02 Georg 13.20 14.43 growth 10.39 11.36 income 8.14 8.90 invest 7.54 8.24 option 13.69 14.96 tax sex 24.51 25.73 Vista f 10.18 11.13 voyage 12.63 13.80 a Lbw 1.97 . Reserve f 1.00 . Revere f 5.39 . Safe Seq 8.72 9.53 Safe co g 9.2410.10 St i Cap 7.74 8.46 St i Goth 7.51 8.21 Sci defer Steven comon 9.51 . Income 14.75 . Into and 12.77 . Mat is 10.01 . Mun by 10.56 . Special 24.15 . Security funds and cd 10.2310.52 equity 4.04 4.42 invest 7.59 8.30 Ultra f 10.27 11.22 sentry f 12.37 13.45 bid ask Sentinel group Apex f 3.50 3.83 bal and 7.90 8.63 com St 11.98 13.09 Trust 10.06 10.93 shareholders Gap Cost 6.22 6.80 enter or 5.04 5.51 Flet cd 5.61 6.13 Harar Legal l Pace cd 8.52 9.31 6.40 6.99 11.17 12.21 Shearson funds a ppr income invest so Dean Serra or Sigma funds Cap shr 8.81 inv so test so Ventur Smith b sol or so Genf swat inv so inv g sour inv Spectra 16.54 18.08 18.75 20.49 10.02 10.95 18.04 . 8.68 . 9.63 10.25 11.20 8.74 9.55 12.08 13.20 9.67 10.18 12.84 13.52 11.17 11.70 7.93 8.57 4.73 5.11 11.76 12.85 4.83 . State Bond group com cd 4.10 4.48 4.91 5.37 3.83 4.19 9.39 . 5.98 . Z z funds 2.34 . 1.12 . 1.39 . 6.33 . Cap Ltd Stock Survey f tempi g temp in Tran Cap Tran inv travel Seq Tudor h 20th cd 20th cd unified div self Progris St for bal St for or state str Steadman am ind Asso cd invest Ocean Stein Roe funds Balanc 17.17 . 8.90 . 11.84 . 8.76 9.57 12.38 13.53 1.00 . 7.18 7.80 9.38 10.20 10.07 11.01 14.13 . 4.62 . 6.25 . 8.20 . Union service bad s in 11.37 12.26 Natl inv 6.28 6.77 in copt 11.36 12.25 Union in 12.8913.90 United funds a cum 6.17 6.74 and cd 7.54 8.24 8.64 9.44 9.54 10.43 10.12 11.06 10.27 10.70 5.63 6.15 5.36 5.86 1.69 . 7.71 . 11.66 . 9.81 9.96 value line funds Val lne x7.04 7.22 Val inc 5.16 5.29 lev Goth 10.55 10.82 Val pc 4.52 4.64 Vance Sanders income 13.7815.06 invest 7.19 7.86 is com 5.85 6.39 sped 8.49 9.28 Vanguard group explore 19.89 . 1st Index 13.46 . 8.00 . 11.95 . 9.18 . 1x31 . 9.54 . 9.74 . 10.33 . 6.29 6.87 12.33 . Cont go cont inc income Mun by Selene Vang Ltd Svca usaa Ca usaa in us gets Ivest Morgn Trust Welly Wellton a Stan Winder Rollst or Weing Seq a sold or Wise inc 7.01 5.22 no no Load. Dividend. Unavailable. 7.62 5.70 sex july factory orders dropped 3 per cent durable goods orders 5.1 per cent and non defense capital goods orders 9.7 per  construction declined 0.6 per cent. The August jobless rate Rose to 7.1 per Cen from 6.9 per cent. Takeovers continued to attract consider Able interest. Babcock & Wilcox which is in the process of being taken Over by  Mcdermott was the most Active nose listed Issue off % to 59 /4 on 970,800shares. Mcdermott said late Friday its offer for 4.8 million by shares was Over subscribed. Che Metron being fought Over by Allegheny Ludlum and Crane co., was the second most Active Issue up 6v4 to 49va on 833,400 shares. Che Metron has agreed to merge with Allegheny Ludlum in a $230 million Deal. Crane has raised its bid. Globe Union soared 10 /4 to 44 in Active trading Mccord corp. Climbed 7% to 28% after ex-cell-0 corp. Announced plans to acquire the firm for $92.4 million in Cash or Stock. Texas utilities was the third most Active nose listed Issue up Viz to 21 i on779,700 shares. A number of Energy and related issues rebounded in apparent bargain Hunting from severe losses in the Market s recent slide. Superior Oil soared 12 to 217, Californi Standard 3vfe to 41%, Falcon Seaboard sva to 28% and Marathon Oil 2 to 52v4. Continental Oil Exxon Indiana Standard and Ohio Standard gained a Point or More each. On the american Stock Exchange the Market value Index Rose 1.35 to 118.86. Advances topped declines 505 to 328, Amon the 1,114 issues traded. Volume totalled 11,059,320 shares com pared with 10,538,855 the previous week and 7,545,155 during the same week a year ago. Us industries warrants topped the Active list for the third consecutive week losing % to 5 /2 on 538,800 traded. Houston Oil & minerals was second up la to 38% on 375,900 shares. Kaiser industries was third off 1 to 4% on 302,800 shares. Miller Wohl plunged 10% to 33% inactive trading after its $163 million merger offer from Macena was terminated. Investors1 guide Bysa Shulsky q. A Friend argues that social Security has been no  he claims that some economist wrote that anyone could have done better with private insurance. A. The figures Don t Bear him out. The social Security administration present s these figures if a Man who retires this year had paid the maximum taxes under the program Ever since 1937 he would have contributed a total of $8,728.35. His employer would have contributed a like amount if he retires this year he will re Vieve $413 a month and his wife $206.50, or a total of $7,434 annually. Benefits Are sex Stock pulse by United press International copyright 1977 Friday sept. 2, 1977 nose composite Stock div chem trn 1ft Tampe 1.12 Babii l /2a Exxon can imperil a Webb d Gemot Polaroid Clorox co most actives by volume Nordmo nose Stock sup Oil a leu Tex list Getty Secco Perl Sig washes to Nindl Mur Phoi Plessey 3 .40 .10b 3.55b .80 .60 3.20 vol close 245,900 49 /2 218,600 19/e 33 /4 17% 1% 1% 1% 6.23 7.0 4.75 18.0 15.16 12.0 5.04 7.0 1.60 12.0 3.03 8.0 5.78 8.0 3.92 8.0 1.69 11.0 3.6 1.6 1.8 0.8 4.2 8.1 5.5 2.4 4.3 amex composite Stock div Natl Kinney u v ind was Ranger Oil Houston of Miller i .60 most actives by volume Amax Peutec syntax Bra scan Juniper was corp .500ig pet vol 163,400 162,900 75,800 60,600 59,500 44,900 41,900 37,500 36,200 33,500 close earns be old 2 27% 0.61 46.038% 1.92 20.033% 3.13 11.0 1.81 9 /4 0.97 10.0 18ft 2.04 9.0 2.1 2.87 5.0 7.6 0.24 16.0 13 a 3% amex composite largest net changes Stock div Thorn in is Ranger Oil alter ads .50 Petro Lewis Sun elec Joshen Oil Rescott Presley 5k a Dacono .50 pol corp a close Cage 2s a 2 /4 27% 2ft 15% 25% up .08 of i i it 2omr 119ft -. Oft 19ft i oft8% Oft 22ft 0% 32ft 0% earns be old $ 2.06 12.0 0.61 46.0 1.84 9.0 2.03 13.0 2.32 11.0 1.28 15.0 1.81 11.0 1.50 6.0 3.68 6.0 2.86 11.0 3.2 3.0 6.4 2.3 2.4 be Price to earnings ratio old dividend yield Dot deficit St yield in Stock a per cent dividend in Stock some dividends estimated earnings latest 12 month unaudited petted to increase with a life expectancy of about 13 years total benefits would come close to $100,000. I can t give you the figures on what his payments Over the years would amount to at say 5 per cent interest compounded annually. But i can Tell you that an insurance table at hand shows that to produce $7,440 a year income for joint lifetime at age 65 would require a single Premium payment of $88,827. So much for the cold figures. But social Security goes far beyond that Cost of living increases benefits for millions who for one reason or another have not been Able to pay their full share benefits for widows and children medicare disability benefits burial expense payments Etc. Essentially social Security has been a system whereby those of us still at work Are helping finance the retirement of those who have worked. More that any other Agency of government it has helped make retirement a dignified possibility for Mil Lions of americans whose parents had Little Choice but to work until the Day they died. I can t imagine what sort of Price tag you can put on that. Q. Five years ago i bought some Stock in a fast food business. I be received no dividends Ever but i recently was offered a free Sandwich. Will the Stock pay a dividend a. I can t even find the name let alone any data which would serve As a dividend guessing basis. I Don t know about the Sandwich either. Q. As executor of an estate i authorized the Sale of securities. Proceeds did not in clude dividend even though the proceeds were received after the dividend was paid. The Bank officer said the Stock was sold two Days before the sex dividend Date. Why did t the Bank demand the dividends a. Because it had no right to demand them. If the Stock was sold two Days before the sex dividend Date you the seller were not entitled to that dividend regardless of when the proceeds were received or when the dividend was actually paid. Stock sold before the sex Date carries the right to the current dividend with it and the dividend goes to the buyer assuming he holds it at least until the sex Date. Or. Bulsky welcomes written questions but he will be Able to provide an Swers Only through the  lists of growth and dividend stocks please include a self addressed stamped envelope no foreign Stamps please. Address your requests to Sam Shulsky car of the stars and stripes Apo 09175