European Stars And Stripes (Newspaper) - September 10, 1978, Darmstadt, Hesse                                Page 16 the stars and stripes sunday september 10, 1978 Market makes Best gain in a month by Frank w. Slusser new York up the Stock Market exploded for its Best gain in a month last week buoyed by the return of the Small investors and some favourable news on the inflation picture. Trading during the Holiday shortened week was heavy. The Dow Jones Industrial average a16.20-Point loser the previous week climbed 28.41 Points to 907.74, the highest level since its 908.18 close july 26,1977. The week s gain including a 14.03-Pointsurge Friday was the biggest since the Dow jumped 32.14 Points july 31-aug. 4.the breaking of the 900 Barrier which had been guarded by prearranged Selling could trigger a major upsurge. The new York Stock Exchange Index Rose 1.70 to 60.24 and Standard & poor s 500-Stock Index jumped 3.11 to 106.79, both 1978 highs. Advances routed declines 1,447to 458, among the 2,120 issues traded. The Market was closed monday for labor Day. Reports of gambling Success at Atlantic City hydrocarbon discoveries off Shore new Jersey airline earnings and takeover speculation got the week s rally started. Speculation in gaming stocks continue Dat a rapid Pace even though the nose and american Stock Exchange raised margin requirements for most of the involved issues. Resorts International s reports of a$60-million three month Gross at Atlantic City kept investor interest  s rally was sparked by the fed eral Reserve s report of a surprising $1.8-billion drop in the nation s Money Supply and government reports of a 0.1 percent decline in wholesale prices and a $3.3 Bil lion increase in consumer  Dollar showed strength at times during the week amid foreign traders Hopes that the Greenback would receive More support at  chairman g. William Miller mean while said a year s delay in social Securi 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 sept. 8 bid ask Acorn cd 21.28 . Adv inv 11.42 . Future 12.98 . Age cd 4.79 4.89 Allstate 10.05 . Alpha cd 12.96 . Am birth 10.43 11.40 Amer funds group am bal 8.75 9.56 am Cap 9.04 9.88 am but 11.26 12.31 an Daly 1.00 . An Gro 7.72 8.44 an spec z z and a x14.19 15.51 Cap f a 9.04 9.88 and inv 7.33 8.01 Goth am 8.11 8.86 inc am 8.40 9.18 1 c a 17.14 18.73 my prs 7.15 7.81 Wash m 7.24 7.91 Amer Gen i group a Bdl 23.89 25.08 a Gabd 8.71 9.52 a a car 5.25 5.74 a in inc 6.55 7.16 a g Ven 19.35 21.15 qty or 8.79 9.61 and am 7.58 8.28 prove in 4.05 4.37 am Goth 6.94 7. 48 am Merit 2.04 z am Insun 5.46 5.97 am invest 7.34 . A in inc 13.09 . Ant or 4.09 4.47 Amway 10.23 10.94 am Opte 5.02 5.49 axe Houghton fund b 8.44 9.17 inborn 4.76 5.17 Stock 6.65 7.27 blk Goth 13.97 15.27 Babs inc 1.71 . Babb inv 10.72 . Beacon 9.69 . Bean i 10.69 . Berger group 100 and 10.15 . 101 and 10.28 . Berksh 8.39 9.17 Bond St 5.91 6.46 Best fun 9.76 10.67 Bull and bearer a Cap am 9.48 . Capital so 8.21 . Calvin Bullock Bull cd 14.11 15.42 can cd 7.73 8.45 div shr 3.03 3.31 income 14.07 15.38 Natad 9.68 10.58 by Ven 15.06 16.46 cd fund 11.17 12.08 cd inc 8.13 8.79 Cash Rev 1.00 . Cap Prev 1.00 . Cent Cap 1.00 . Cent she 12.72 13.71 Chart cd 20.47 22.37 Chase of Boston and bos 7.04 7.69 fron up 4.90 5.36 str is 7.90 8.63 specs 6.79 7.42 chem cd 6.26 9.03 Chep do 12.83 . Cna management Ubrtay 4.59 5.02 Manet 3.01 3.29 Schus f 11.37 12.43 zot onial funds fund 9.68 10.58 growth 5.13 5.61 income 8.59 9.39 opt inc 11.08 12.11 senior 9.04 9.88 Olum g 19.88 .  a & b 1.00 1.06 c 1-45 1.57 amp by 8.99 9.67 amp cd 9.18 9.87 Onard 15.25 . On inv 10.50 10.87 re san go 9.72 . Ont in 7.36 . Conv old 12.51 13.38 country c 12.61 13.63 daily inc 1.00 . Delaware group Decatur 12.82 14.01 Delch f 9.12 9.97 Tif a 9.11 9.54 Del f 13.08 14.30 Delta t 7.13 7.79 direct up 4.54 4.96 Dodg bal 22.73 . Dodge a 17.54 . Or Burh 11.30 . Dreyfus group dry cd 14.18 15.50 dry la 19.24 21.03 dry la 9.97 . Numb 9 8.20 . Up inc 7.39 . Tax be 15.04 . 3rd cent 17.57 . Eagle or 12.33 13.48 Eaton & Howard Bain cd 8.31 8.96 fours 9.41 . Goth f 11.87 12.80 income 5.87 6.33 special f 9.27 9.99 Stock cd 9.84 10.61 Edie pc 25.21 . Edson go 11.04 . Eun Tif 9.41 z elfin try 17.81 z fail fid 11.75 12.77 farm b 11.81 12.91 Federated group a Lead 8.12 8.68 Empire 19.56 z 4th pm 18.88 z i inc 14.39 15.39 my m 1.00 . Mon my 1.00 . Opt inc 13.34 14.58 tax for 12.31 . Us gris 9.36 . Fidelity group agr inc 10.19 . And Cut 8.45 . Capital 9.90 10.82 Contra 12.17 . Day inc 1.00 . Dest 11.44 z equity 1 19.14 . Fund 17.94 19.61 i yield 14.so . Ltd in 9.3b . Maglyn 39.59 z Munch 9.64 . Purity 11.0812.11 Salem f 6.01 6.57 Thrift 10.04 . Trend 27.79 30.37 Fin cd programs Fin Dyn 5.96 . Fin ind 4.43 . Fin inc 7.46 . First investors by apr 15.24 16.43 disc cd 7.98 8,72 Goth cd 8.83 9.65 income 8.58 9.38 Stock f 8.34 9.11 1st Multi 9.42 . Istl inc 1.00 . St Vrat 10.00 . 44 Wall 31. 53 . Fun or 4.44 4.84 founders group growth 5.34 5.84 income 12.72 13.90 f Mutual 9.01 9.85 f special 12.52 13.68 Franklin group Brown 4.02 4.33 Ditc 10.57 11.40 Goth or 7.55 8.14 for inc 1.95 2.10 a sgt s 9.27 9.99 utilities 4.89 5.27 res Cap 3.48 3.75 is qty 4.51 4.86 of pack 10.60 10.76 funds inc group Impact 8.42 8.64 inc shr 8.48 . Indus to 11.98 12.29 Pilot 10.51 . Gate opt 16.09 . Ges a p 29.66 . Gen Sec 11.49 . Goth ind 23.85 . Hamilton group fund 4.67 5.10 growth 8.27 9.04 income 7.61 . Hart Goth 18.99 . Hart la 13.27 . Hid Sec 11.99 12.82 hold to 1.00 . Horace 16.60 17.95 ind fam 4.28 z int Cap 1.00 . It invest 11.07 12.10 inv guid 11.25 . Inv indie 1.50 . Inv bos 10.42 11.23 investors group ids and 5.70 5.91 ids Goth 7.69 z ids and 6.08 6.61 ids pro 4.09 4.44 ids tax 4.70 4.89 Mutual 9.39 10.20 Stock 19.5621.26 select 9.08 9.76 Var pay 7.77 8.44 inv Resh 8.51 9.30 i is group growth 5.54 6.05 income x3.59 3.92 trash 2.98 z test so 11.0512.08 Istel and 24.00 24.74 Ivy fund 6.86 . J p Goth 11.53 12.53 Janus cd 25.70 . Johnstn 22.33 . John Hancock Blanc 8.89 9.66 and cd 18.73 20.36 growth 6.78 7.37 Kemper funds income 10.29 10.95 growth 9.70 10.60 i yield 11.90 12.76 Mon my 1.00 . Mun by 10.30 10.81 opt inc 13.65 14.92 Sumit 16.3017.81 techno 9.67 10.57 total r 11.51 12.58 Keystone funds Cust b1 17.18 17.94 Cust b2 19.25 21.03 Cust b4 8.42 9.20 Cust k1 7.57 8.27 Cust k2 5.61 6.13 Cust is 19.2721.06 Cust s3 9.78 10.68 Cust s4 6.00 6.56 Polar 3.87 4.23 Lexington group up Ledr 13.47 14.79 growth 15.21 16.62 income 10.14 11.08 Resich 17.17 18.77 life inv 9.78 10.69 lid Cap 10.00 . Loomis Sayles ads Cap do 15. 49 . Mutual 14.14 . Lord Abbett a Filat 8.18 8.82 and Deb 11.29 12.34 Del Gro 19.19 20.97 income 3.42 3.69 lutheran brother Broh cd 10.73 11.73 Bro inc 9.13 9.98 by mid 9.62 10.51 Bro us 9.49 10.37 Massachusetts co Freem 8.41 9.19 ind f 9.59 10.48 mass f 11.56 12.63 mass Inanc l secs met 11.0311.89 Mig 10.17 10.96 mid 14.65 15.80 Mfd 15.59 16.81 Mcd xlo.43 11.25 mfg 149416.11 mob f 9.22 9.68 Mather 17.89 . Merrill Lynch Basic i 11.05 11.51 Cpl cd 15.33 15.97 equip 1 10.08 10.50 Mun by 9.22 9.41 Ray ast 1.00 . Set Val 10.s1 10.95 mid am 5.84 6.38 Mony cd 10.12 11.06 mob cd 16.51 . Mil in f 9.83 10.74 Mif cd 8.40 9.08 Mif Gro 4.83 5.22 Mutual of Omaha Amer 11.3011.83 growth 4.35 4.73 income 9.50 10.33 tax for 14.30 15.54 Mut hrs 37.98 . Nat indu 12.99 . Nat l securities Balanc 10.2511.05 Bond or 4.54 4.89 Divide 4.54 4.89 pref St 7.57 8.16 income 5.90 6.36 Stock or 8.66 9.34 growth 6.46 6.96 new England life equity 19.3621.04 growth 12.92 14.04 income 13.44 14.61 ret est 18.09 19.66 Neuberger Energy 16.24 . Guard 31.20 . Partner 12.20 . Nea my 8.23 . Newton g 15.20 . Newton in 9.68 . New old 12.37 . Nichlas 24.10 . Nomura 14.02 15.08 nest intr 14.01 . Nuveen 9.32 9.76 Omega 11.57 11.69 one will 16.34 . Oppenheimer aim cd 11.89 12.93 of and 6.98 7.61 income 8.79 9.61 Mony b 1.00 . Opt inc 24.14 26.38 tax feb 9.81 . Time f 11.33 12.38 oct Sec 17.97 19.53 Paramo 10.72 11.65 Penn it 6.44 . Penn so 8.39 . Phila cd 9.61 10.50 Phonix c 8.78 9.60 Phonix f 9.45 10.33 Pilgrim group Pil from 14.08 14.94 capital 3.85 4.08 income 9.69 10.28 Pilg cd 12.49 13,25 Pioneer funds Pion cd 16.32 17.04 Pion ii 21.48 23.48 planned 13.11 14.25 Ali Gro 12.63 13.80  trn 12.37 13.52 Price Rowe growth 12.61 . Income 9.72 . New Era 12.72 . New Hor 11.56 . Prime 10.00 . Tax for 9.80 . Pro cd 8.31 . Pro Inco 10.28 . Prud sys 10.56 11.54 Putnam funds conver 12.95 14.15 equity 13.46 14,71 Georg 14.40 15.74 growth 11.96 13.07 i yield 18.90 20.27 income 7.77 8.49 invest 8.17 8.93 option 13.85 15.14 tax sex 22.52 23.64 Vista f 13.30 14.54 voyage 14.92 16.31 Rainbow 2.81 . Reserve f 1.00 . Revere f 6.28 . Safe Seq 11.19 12.23 Safe co g 13.51 14.77 St i Cap 9.69 10.31 St i Goth 10.93 11.63 Scudder Stevens comon 11.40 . Income 13.86 . Into and 15.99 . Mgt is 9.99 . Mun by 9.77 . Special 35.99 . Security funds and cd 9.60 9.87 equity 5.22 5.70 invest 8.10 8.85 Ultra f 16.28 17.79 sentry f 16.48 17.91 selected funds Selc am 7.32 . Selc spa 14.20 . Sentinel group Apex f 4.20 4.59 bal and 7.81 8.52 com St 12.31 13.45 growth 10.00 10.93 shareholders Gap Cost 8.18 8.94 enter or 7.06 7.72 Harar 9.79 10.70 Legal l 7.45 fl.14 Pace cd 17.99 19.66 Shearson funds a ppr 22.56 24.66 income 18.30 20.00 invest 11.69 12.78 so Dean 24.49 . Sirra or 11.67 . Sigma funds Cap shr 11.31 12.36 inv so 10.92 11.93 test so 9.21 10.07 Ventur 9.51 10.39 Smith b 11.65 12.26 sol or 13.54 14.25 so Genf 13.21 13.83 swat inv 8.91 9.63 so inv g 6.83 7.38 sour inv 12.74 13.92 state Bond group com cd 4.84 5.29 dives if 5.24 5.73 Progris 5.26 5.75 St for bal 10.80 . St for or 7.19 . State str 51.27 51.70 Steadman funds am ind 2.77 . Asso cd 1.09 . Invest 1.45 . Ocean 6.43 . Stein Roe funds Balanc 18.88 . Capital 11.62 . Stock 13.62 . Strat Goth 19.76 . Survey f 11.17 12.21 tax Man 20.64 22.56 tempi g 17.64 19.28 temp in 13.46 14.71 temp in 1.00 . Tran Cap 8.10 8.80 Tran inv 9.40 10.43 travel Seq 12.48 13.64 Tudor h 21.81 . 20th cd 8.21 . 20th cd 10.86 . Uni d a 4.03 . Unified 8.88 . Union service bad s in 11.90 12.83 Natl inv 7.45 8.03 in capt 15.39 16.59 Union in 12 44 13 41 United funds a cum 7.18 7.85 and cd 7.17 7.84 cont go 10.17 11.11 cont inc 10.14 11.08 income 10.31 11.27 Mun by 9.40 9.79 science 7.35 8.03 Vang 7.11 7.77 Ltd Svca 2.21 . Usaa Ca 8.88 . Usaa in 11.09 . Value line funds Val lne 10.58 10.85 Val inc 6.21 6.37 lev Goth 19.92 20.43 Val pc 6.90 7.08 Vance Sanders income 13.22 14.45 invest 7.69 8.40 is com 7.34 8.02 specs 13.67 14.94 Vanguard group explore 31.74 . 1st Index 14.74 . Ivest 9.94 . Morgn 15.37 . Trust 11.07 . War she 14.87 . War int 14.08 . War in 13.71 . Wei sly 12.23 . Wellton 9.71 . A Stan 9.36 . We my 10.00 . Whf Der 11.88 . Varied 1 z z Walls f 7.11 7.77 Weing Seq 19.74 . Wise inc 4.91 . Wood Struther win Deg m 33.92 . Neuwir 10.19 . Pine of 10.90 . No no Load. A a dividend. A unavailable. To tax and minimum wage hikes would help the Economy. Big Board volume during the four Day week totalled a healthy 157,1552,650 shares compared with 172,215,680 the week beforehand 70,603,500 in the same week a year ago. Composite volume of nose issues listed on All . Exchanges and Over the counter totalled 177,618,630 shares compared with194,158,160 a week earlier. Ism climbed 11 to 304% in Active trading to become the highest priced Stock on the nose. Brokers said ism s struggle at the 300 level paralleled the Dow s 900 . American world airways was the most Active nose listed Issue climbingl7/s to 10% after agreeing to merge with National airlines. National 20.1 percent owned by Texas International airlines slipped % to 34%.gambling issues dotted the list. Ramada inns the second most Active Issue eased a to 11. Bally manufacturing third climbed 6% to 63%. Holiday inns fifth gained 1% to 26vs. On the amex resort International a Stock jumped 13 to 123vfe and the b Stock soared 26% to 150v2nortekroseltol7%. Exxon added Ivy to 513/4. The firm said Thad encountered hydrocarbons off Shore new Jersey but would have to conduct fur either tests to determine the area s Commer " Cial value. On the amex the Market value Index surged 4.43 to an All time High of 175.13. Advances routed declines 612 to 299,1 a company has encountered hydrocarbons in x its Beaufort sea Well in Canada and is Drill Ling further to determine its commercial per value. Dome said some speculation Overick tithe find was exaggerated. \ Dpi investors7 guide  Nevi it by William a. Doyle pm q. I am 29, single and will earn $18,000 this year. I invest $300 to $350 a month. Part goes into an individual retirement account Ira at the rate of $1,500 a year. The rest goes into a tax exempt managed municipal Bond fund. My broker says the Bond fund is a Good program for me because the tax free dividends will become More beneficial As my income increases. Should i continue with it or do something else with my Money.? a. To begin with i think you Are some King of a wonder socking away $3,000 to $4,200 a year on an $18,000 salary. Congratulations. And continue with the Ira. The Money you re putting there reduces your tax bite and will be tax sheltered until you Start taking it out most Likely after retirement. At the rate you re going you should  have a very Cost Ort Abble retirement a for the simple reason that you started Earl by in life. " a the tax free interest from that Munici Al Bond Mutual fund will be advantageous to you when your income rises to the Point Vij where you will be in about the 31 percent income tax bracket. People in lower tax brackets and you seem to be among8" them can do better by investing in tax to Stock pulse by United press International copyright 1978 Friday sep. 8,1978 nose composite most actives by volume Stock pan am air ramada Amax of Capet Firstner in elec pack e Texaco Merrilly Dow cd vol close earns be old 1,444,900 10% $1.84 6.0 456,400 406,300 358,300 351,500 348,800 342,600 332.300 319,400 303,600 11 50% 20v 13 54% 24% 24% 24v, 30  q.33 34.0 1.29 39.0 1.75 12.0 1.34 10.0 5.13 11.0 2.89 6.0 2.93 8.0 1.38 18.0 2.91 10.0 0.5 3.5 6.2 8.5 4.8 8.8 8.1 3.6 4.6 close Cage earns be old nose composite largest  changes Stock sup Oil Tel Dyne i b m Gen Dynamo Polaroid Ranco i Foster i a Disetti Alap of Procter a 8.16 280 304vj 92% 60 /4 33% 38 32 /4 85 / 91% 10 5 /4 s /45 2% 2% 2 a 2% 2% $10.93 26.0 19.65 6.0 18.78 16.0 9.64 10.0 3.00 20.0 3.43 10.0 4.29 9.0 6.19 15.0 1.0 1.3 3.8 1.7 3.1 2.6 3.3 9.6 3.3 amex composite most actives by volume Stock i Strum sys Houston Natl Kinney Bow Vail syntax Imp Oil dome Petro Amdahl Samera Tenna corp vol close earns be old 1,018,900 v/8 $0.04 48.0 228,700 135,000 134,100 131,800 129,600 129,200 121,600 109,800 103,800 25% 2% 40 a 36 vib 20% 88 a 60% 19% 2.46 10.0 3.1 2.13 19.0 2.90 12.0 2.17 10.0 9.91 9.0 2.14 28.0 0.4 1.9 4.3 0.3 1.5 amex composite largest  changes Stock close Cage earns be old resort  b dome Petro sumac Amdahl Bow Vail Riley comp Samera resort  a instr sys of sumac we 150 a 12 a $3.20 47.0 88 a 47 60% 40 be 43 /3 19% 18 22% 6 it 5 it v/t2% 2 a 2%2% 9.91 9.0 1.54 31.0 2.14 28.0 2.13 19.0 5.28 8.0 3.20 39.0 0.3 0.3 0.4 1.5 be Price to earnings ratio old dividend yield def deficit St yield in Stock earnings latest 12months, unaudited. Able but higher yielding investments. So for a single person the 31 percent fed 3 eral tax Levy is on taxable income in excess of $16,200 and up to $18,200. You re Vai move $1,500 from the internal Revenue a. Services s clutches each year by putting it i into your Ira. After your personal exemption and whatever deductions you Caner re take your taxable income now must be by Iro Low where the 31 percent tax bite begins. Rani so based on the information you  tax exempt income situations Don t seem is to be right for you at least  yet. Also am straight income producing investments Ruf provide no Protection against inflation. Alast Young person should put a fair chunk of Hisun s Money into things that hopefully will grou in Dollar value in the years ahead. Ave q. I need help investing what was left Toub me in savings and insurance when my Hus Ood band died in april. I am 61 and receive $8.%rjes a month from pension and social Security. My health costs Are paid for and my Home. G Worth at least $70,000, is mortgage free. A so far i have put $12,375 with an Insp Cance company at 6 percent interest $57,500T into insured savings certificates and $44. 500 in passbook savings. How can i  this Money and How can i find a reliable adviser. Ujj a. By taking your time. Your Husban Cleft you financially Independent. You Don i have to Rush into things. Visit a number Obanks and brokerage houses and explain your problem. Listen to suggestions intake notes but Don t make any commit ments until you have made the  wish i could give you a Pat formula Foi in picking an adviser. But i can to Beca Scace none exists. Ridima recommendations for your Partick gut Lar situation would be to keep about $5,00 Stein passbook savings $20,000 to $30,000 it Yaj savings certificates and the rest in  common stocks heavily tilted toward utilities. But under no circumstances should Yoi i put a bundle of Money into the Stock mar Worket at one time. Do it slow and easy min spaced out Over a year or two or even Long Are. Or. Doyle welcomes written question but he will be Able to provide answers Only through the column. For information of e land Lay corporate and tax exempt Bonds pleas include a self addressed stamped Enve Aid Lope. No foreign Stamps please.  requests to William a. Doyle care fold the stars and stripes Apo 09175. Kipi c King features n to