European Stars And Stripes (Newspaper) - September 17, 1978, Darmstadt, Hesse Page 16 the stars and stripes sunday september 17, 1978 Mideast Summit shakes up Market by Frank w. Slusser new York up stocks suffered their worst loss in eight months last week As investors registered concern Over the Camp David Middle East Summit higher interest rates and rampant gambling Stock speculation. Trading was Active. The Dow Jones Industrial average a 28.41-Point Winner two weeks ago plunged 29.19 Points to 878.55, the worst setback since it skidded 37.68 Points Jan. 3-6. Thursday s 12.56-Point setback was the worst in eight months. Analysts said they were disappointed the Dow failed to hold above the 900 level after the Market rallied so strongly the week before. Many had thought a major upswing was underway. Now they feel the Market is headed sharply lower. The new York Stock Exchange Index plunged 1.43 to 58.81 and Standard & poor s 500-Stock Index skidded 2.67 to 104.12. De Clines routed advances 1,266 to 686, among the 2,135 issues traded. Traders cashed in on gains two weeks ago and then sold heavily As uncertainties grew Over president Carter s Middle East peace efforts. White House press Secretary Jody Powell said More flexibility and More Progress is essential to reach agreement on a Blue print for future talks. Saudi Arabia made Wall Street shudder when it warned that Arab nations would examine protective options if Carter s efforts with Egypt and Israel failed. Among the other uncertainties hindering the Market was the Fate of the Carter administration s Energy Bill and the House passed tax Cut measure. There was speculation the Bill to de control natural Gas prices by 1985 would pass. Meanwhile Banks raised their prime lending rate l/4 Point to 9mj percent a 3 i year High and sparked Friday s Selloff. 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. 15 bid ask Acorn cd 21.24 . Adv inv 11.09 . Future 12.56 . Age cd 4.84 4.94 Allstate 9.85 . Alpha cd 12.57 . Am birth 10.24 11.19 am bal 8.61 9.41 am Cap 8.91 9.74 am Mut 11.05 12.03 an Daly 1.00 . An Gro 7.47 8.16 and a 14.23 15.55 Cap f a 8.69 9.50 and inv 7.15 7.81 Goth am 7.93 8.67 inc am 8.33 9.10 1 c a 16.58 18.12 new prs 6.91 7.55 Wash m 7.10 7.76 Amer Gen group a Bdl x23.99 25.19 a Gabd 8.75 9.56 a a car 5.12 5.60 a it inc 6.50 7.10 a g Ven 19.06 20.83 qty or 8.59 9.39 and am 7.45 8.14 prove in x3.96 4.27 am Goth 6.81 7.34 am Merit 1.93 z am Insun 5.38 5.88 am invest 7.09 . A in inc 12.98 . Ant or 4.00 4.37 Amway 10.27 10.98 am Opte 4.99 5.45 axe Houghton fund b 8.36 9.09 income 4.79 5.21 Stock 6.52 7.13 blk Goth 13.55 14.80 Babs inc 1.71 . Babs inv 10.39 . Beacon 9.49 . Bean i 10.30 . Berger group 100 and 9.77 . 101 and 10.20 . Berksh 8.20 8.96 Bond St 5.75 6.28 Bost fun 9.70 10.60 Bull and bearer a Cap am 9.16 . Capital so 8.04 . Calvin Bullock Bull cd 13.83 15.11 can cd 7.73 8.45 div shr 2.97 3.24 income 14.02 15.32 Natad 9.56 10.45 by Ven 14.73 16.10 cd fund 10.90 11.78 cd inc x8.16 8.76 Cash Rev 1.00 . Cap Prev 1.00 . Cent Cap 1.00 . Cent she 12.47 13.44 Chart cd 19.78 21.62 Chase of Boston and bos 6.89 7.53 fron up 4.79 5.24 str is 7.68 8.39 spec 6.88 7.30 chem cd 8.00 8.74 Chep do 12.60 . Cna management Liberty 4.49 4.91 Manet 2.65 3.11 Schus f 11.04 12.07 colonial funds fund 9.52 10.40 growth x4.95 5.41 income x8.44 9.22 opt inc 11.00 12.02 senior x8.88 9.70 Colum c 19.23 . Common weal Ali a & b 1.00 1.08 c 1.45 1.57 comp by 8.97 9.65 comp cd 8.96 9.63 Concord 15.19 . Cons inv 10.50 10.87 in san go 9.15 . Cont in 7.30 . Conv old x12.39 13.25 country c 12.19 13.18 daily inc 1.00 . Delaware group Decatur 12.69 13.87 Delch f 9.13 9.98 Tif a 9.23 9.66 Del f 12.61 13.78 Delta t 6.73 7.36 direct up 4.23 4.62 Dodg bal 22.37 . Dodge a 17.14 . Or Burh 11.03 . Dreyfus group dry cd 13.78 15.06 dry la 18.17 20.51 dry la 9.97 . Numb 9 8.13 . Up inc 7.42 . Tax be 15.13 . 3rd cent 17.17 . Eagle or 11.93 13.04 Eaton & Howard Bain cd 8.12 8.75 fours 9.12 . Goth f 11.57 12.47 income 5.87 6.33 special f 8.91 9.61 Stock cd 9.55 10.30 Edie pc 24.82 . Edson go 10.62 . Elf Tif 9.53 z elfin try 17.38
