European Stars and Stripes (Newspaper) - August 13, 1978, Darmstadt, Hesse                                Page 16 the stars an stripes sunday August 13, 1978 Market registers Only a Small Gai by Frank w. Slusser new York up1 the Slock Market. Aided by Oil speculation eked out a Small gain last week despite profit taking pres sures and disappointing inflation news trading was heavy. The Dow Jones Industrial average. Which soared 22.14 Points the week before for its Best performance in eight months. Managed to gain 2.42 Points to 390.85 after assaulting the 900 level on wednesday. The Dow s 891.63 finish wednesday was the highest since 91.81 on aug. 1. 1977. At that Point the closely watched average was up 85 85 Points since july 5 and 149.51 Points from. Its feb. 28 Low of 742.12. This set the stage for profit taking. New York Stock Exchange volume total de 189,735,570 shares Down from the week before s record 220.580.110 shares but ahead of the 92.652.740 traded during the same week a year ago. It was the seventh busiest week on record. A recent easing in interest rates and speculation that Texaco is about to announce it has struck Oil or Gas at offshore new Jersey were key factors in the heavy institutional buying. But the Dollar s skid to record lows abroad and the nation s inflation problem which has been worsening gave Many traders the excuse they were looking for to the Cash in on Large profits.  purchasing agents said that while Price  last month inflation still was the nation s no. 1 problem. So did another study that said americans income gains were wiped out by inflation in the past year. This report and the fact the Federal re serve is maintaining an easy Money policy were among the reasons the Dollar dropped to record lows abroad. 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Against this background the new York Stock Exchange Index Rose 0.19 to 58.53 and Standard & poor s 500-Stock Index added 0.04 to 103.98. Advances topped de Clines 1,232 to 674, among traded. Composite volume of Nysky a on j1 . Ewh Anges met of totalled 2uj6s, shares i 247,647,750 last week. Ramada inns was the nose listed Issue rising ramada said it plans to a Bung Casino business but where. Hilton hotels a Noah rocketed because of jumped 6% to 57. On the american Stock i Market value Index climbed j an All time High. Advances Clines ss5 to 314, among the traded. Volume totalled pm compared with 24.33t.stt the i and 10,314,425 during the m Macro Dyne industries a Active amex Issue up h to lib frants were second up 2 to t1 investors quid by William a.  a by. Doyle editor s note Sam Sta sky hat re tired. Starting with today s def Una Ike in Vestor s guide column will be written by William a. Doyle q. 1 notice you lean toward Mutual funds. I bought shares in a growth fund about four years ago. The Price is lower now. We Are in on 7 a live on so a month and have about  in savings. Should we buy More of the fund a. I Don t lean toward any particular investment for All investors. That would be like saying that everyone should Wear a be ret or a Blue tie. I certainly would not have suggested that a retired person four years ago buy shares in a growth Mutual when what he needed was maximum current income to supplement his modest pension. And i Don t think you should buy More now or for that matter continue to hold what Stock pulse by in Ltd Prass inter National caper pm 19711ittse compos Lla most a lavas by volume Long. Lice me Yut huh is -j5 j Ltd corp 4i4400 pm m tit a. 21? 147 104 1.9i l4vp 109,100 7h 040  cd Tytlar 140400 i1u. 0m  m 14 w4 Ujj 109400 11h 140 94 1.7 �i400 14h to 94 44 3 a Zast ,2 147 104 i null 149 114 1h 141  11 147 74 4,9 Ami at compost la Hunt act Vos by Hakmo Ason Inu a  total Pum so is a a Stock Oarl you have. You need More from your i dividends averaging 1.4 percen of Stock Market gains. U the i organization has a Good incur. Al that has delivered Divide do s to 8 percent and into which a for s5, do that. If it has to i shares and put the proceed t pirate Bonds preferred or savings certificates which percent. Q. I have some Money i savings certificates. I Dot i est now. I arrange to leave must i still pay income year a. Yes. Interest earned ill considered taxable income lit even if you Don t withdraw Thel Don t even have u entered of j Shook. If you allow the interest late you of course earn ii accumulated interest. But i in the year earned. A i am discouraged by nor i experiences of the last few Seu dirt or Hope Tor bettor or eliminate my preset Tamte a. All i know about your you bold a half dozen Stag men s risk stocks Good a Etc. And that there is lbs a your name. Not a word As to sources needs employed owed responsibilities etc7.there Are literally Usu Sandhofe stocks traded on tee variant changes and Over the counter. Pet every Issue is right for if you Are a Middle Ai i d vote to stay with Emu a. Quality issues and in the Rig Btl an 72, retired and Des " they re All wrong and i represent 100 percent Oil should not subject Yoi worries about Market f q pm maj. T�1 hires some years up Sirbo a. The Price at  Stock has no do yield. Republic steel i to arrived it sold  the a Juu. I tempt not Aad tax-4 toc tade a Seu do Lap. No foreign Stamps i your requests to Wlliam 1 the Stan and stripes Apoi