European Stars And Stripes (Newspaper) - October 1, 1978, Darmstadt, Hesse Page 16 the stars and stripes sunday october 1, 1978 sluggish Market registers slim gain new York up stocks buffeted Between an easing in inflationary pressure and the persistent Rise in interest rates managed to eke out a slim gain last Weekin sluggish trading. The Dow Jones Industrial average which lost 16.11 Points the previous week Rose 3.38 to 865.82. Analysts said bargain Hunting contributed to the Advance As investors moved into the Market to pick up attractively priced stocks following the Dow s Steep slide Over the previous two weeks. Wall Street took heart from a labor department report that consumer prices Rose by a moderate 0.6 percent in August on the heels of a 0.5 percent upswing in july. A gust s annual inflation rate of 7.2 percent was the second lowest of the year. Treasury Secretary Michael Blumen Thal said further action must be taken to combat inflation but he predicted a considerable moderation in the Price spiral during the remainder of the year. President Carter pledged a very Strong anti inflation policy and urged the Federal Reserve Board to Stop driving up interest rates by pulling in the credit reins. Although the fed tightened credit to curb inflation and prop up the Dollar abroad Carter and Many economists expressed fear that the relentless Rise in in Terest rates could produce a recession. First National Bank of Chicago hiked its prime lending rate for corporate borrow ers a Quarter Point to 9% percent the highest level since january 1975 in a move that spread throughout the banking Industry by week s end. Although some analysts predicted the Benchmark rate could hit 10 percent others were optimistic that it had stabilized for the time being. Investors reacted positively to an 0.8 percent leap in the Commerce depart 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 29, 1978 bid ask Acorn cd 20.48 . Adv inv 10.89 . Future 12.34 . Age cd 4.77 4.87 Allstate 9.69 . Alpha cd 12.31 . Am birth 10.14 11.08 Amer funds group am bal 8.46 9.25 am Cap 8.65 9.45 am Mut 10.77 11.77 an Daly 1.00 . An Gro 7.24 7.91 and a 14.10 15.41 Cap f a 8.46 9.25 and inv 7.03 7.68 Goth am 7.69 8.40 inc am 8.28 9.05 1 c a 16.07 17.56 new prs 6.75 7.38 Wash m 7.05 7.70 Amer Gen l group a Bdl 23.99 25.19 a Gabd 8.62 9.42 a a car 4.81 5.26 a in inc 6.41 7.01 a g Ven 18.53 20.25 qty or 8.24 9.01 and am 7.19 7.86 prove in 3.91 4.22 am Goth 6.65 7.17 am Merit 1.90 z am Insun 5.40 5.90 am invest 6.87 . A in inc x12.51 . Ant or 3.86 4.22 Amway 9.99 10.68 am Opte 4.95 5.41 axe Houghton fund b 8.23 8.95 income 4.77 5.18 Stock 6.37 6.96 blk Goth 13.02 14.22 Sabs inc 1.70 . Babs inv 10.18 . Beacon 9.52 . Bean i 10.05 . Berger group 100 and 9.49 . 101 and 9.83 . Berksh 8.07 8.82 Bond St 5.72 6.25 Bost fun 9.60 10.48 Bull and bearer a Cap am 8.88 . Capital so 7.72 . Calvin Bullock Bull cd 13.58 14.84 can cd 7.63 8.34 div shr z z income z z Natad 9.45 10.33 by Ven 14.25 15.57 cd fund 10.69 11.56 cd inc 8.04 8.69 Cash Rev 1.00 . Cap Prev 1.00 . Cent Cap 1.00 . Cent she 12.20 13.15 Chart cd 18.9520.71 Chase of Boston and bos a.71 7.33 fron up 4.61 5.04 str is 1.54 8.24 spec. 6.39 6.98 chem cd 7.73 8.45 Chep do 12.27 . Cna management Liberty 4.45 4.86 Manet 2.77 3.03 Schus f 10.6011.58 colonial funds fund 9.35 10.22 growth 4.81 5.26 income 8.45 9.23 opt inc 10.96 11.96 senior 8.85 9.67 Colum g 18.76 . Ornon wealth a & b .98 1.06 c 1.43 1.55 amp by 8.87 9.54 jump cd 8.65 9.30 Ronard 15.03 . Jons inv 10.12 10.50 Insun us 8.65 . Ronot in 6.71 . On old 12.22 13.07 country c 11.9312.89 daily inc 1.00 . Delaware group Decatur 12.46 13.62 Delch f 8.91 9.74 Tif a 9.12 9.55 Pew f 12.21 13.34 Delta t 6.36 6.95 direct up 4.08 4.46 Dodg bal 22.16 . Dodge a 16.85 . Or Burh 10.76 . Dreyfus group dry cd 13.48 14.73 dry la 18.4420.15 dry la 9.97 . Numb 9 7.89 . Up inc 7.33 . Tax be 15.05 . 3rd cent 16.76 . Eagle or 11.83 12.93 Eaton & Howard Bain cd 8.01 8.64 fours 8.77 . Goth f 11.11 11.98 income 5.85 6.31 spell f 8.52 9.19 Stock cd 9.25 9.97 Edle pc 23.74 . Edson go 10.26 . Elf tip 9.50 z elfin try 16.88 z fair fld 10.99 11.95 farm b 11.26 12.31 Federated group a Lead 7.99 8.55 Empire 19.24 z 4th pm 18.39 z i inc 14.35 15.35 my m 1.00 . Mon my 1.00 . Opt inc 13.26 14.49 tax for 12.42 . Us gets 9.24 . Fidelity group agr inc 10.10 . And Cut 8.35 . Capital 9.25 10.11 Contra 11.56 . Day inc 1.00 . Dest 10.75 z equity 1 18.32 . Fund 17.02 18.60 i yield 14.53 . Ltd in 9.42 . Maglyn 36.38 z Munch 9.71 . Purity 10.75 11.75 Salem f 5.68 6.21 Thrift 9.95 . Trend 25.32 27.67 Fin cd programs Fin Dyn 5.76 . Fin ind 4.30 . Fin inc x7.24 . First investors by apr 15.30 16.50 disc cd 7.57 8.27 Goth cd 8.33 9.10 income 8.56 9.36 Stock f 8.25 9.02 1st Multi 8.79 . Istl inc 1.00 . St Vrat 10.00 . 44 Wall 28.51 . Fun or 4.08 4.46 founders group growth 5.07 5.54 income 12.2913.43 f Mutual 8.40 9.18 f special 11.69 12.78 Frank in group Brown 3.93 4.24 Ditc 9.79 10.56 Goth or 6.90 7.44 for inc 1.95 2.10 a sgt s 9.22 9.94 it litle 4.82 5.20 res Cap 3.50 3.77 is qty 4.37 4.71 of pack 8.43 8.56 funds inc group Impact 8.16 8.37 inc shr 8.20 . Indus to 11. 11 11.39 Pilot 9.50 . G t Pac 16.93 . Gate opt 15.92 . Ges a p 28.07 z Gen Sec 11.42 . Goth ind 22.47 . Hamilton group fund 4.4 1 4.82 growth 7.88 8.62 income 7.35 . Hart Goth 17.76 . Hart la 11.77 . Hid Sec 11.8812.68 hold to 1.00 . Horace 15.28 16.52 Ina his 12.1413.02 ind fam 4.11 z int Cap 1.00 . Ill invest 11.17 12.21 inv guid 10.79 . Inv indie 1.41 . Inv bos 9.87 10.64 investors group ids and 5.64 5.85 ids Goth 7.29 z ids and 5.76 6.26 ids pro 3.87 4.21 ids tax 4.72 4.91 Mutual 8.98 9.76 Stock 18.80 20.43 select 8.96 9.63 Var pay 7.34 7.98 inv Resh 7.46 8.15 Isi group growth 5.35 5.85 income 3,59 3.92 trash 2.97 z test so 11.0012.02 Istel and 23.2623.98 Ivy fund 6.67 . J p Goth 11.14 12.11 Janus cd 23.73 . Johnstn 21. 45 . John Hancock Blanc 8.72 9.48 and cd 18.38 19.98 growth 6.33 6.88 Kemper funds income 10.25 10.90 growth 9.06 9.90 i yield 11.8012.65 Mon my 1.00 . Mun by 10.31 10.82 opt inc 13.40 14.64 Sumit 15.33 16.75 techno 8.96 9.79 total r 11.0412.07 Keystone funds Cust b1 17.11 17.87 Cust b2 19.18 20.97 Cust b4 8.42 9.20 Cust k1 7.49 8.1b Cust k2 5.40 5.90 Cust is 18.39 20.10 Cust s3 9.29 10.15 Cust s4 5.55 6.06 Polar 3.65 3.99 Lexington group up Ledr 13.14 14.45 growth 14.07 15.38 income 9.93 10.85 Resich 16.26 17.77 life inv 9.21 10.07 lid Cap 10.00 . Loomis Sayles ads Cap do 13.91 . Mutual 13.54 . Lord Abbett a Filat 7.91 8.54 and Deb 11.19 12.23 Del Gro 18.4220.13 income 3.33 3.59 lutheran brother Broh cd 10.48 11.45 Bro inc xs.96 9.79 by mid 9.7010.60 Bro us 9.46 10.34 Massachusetts co Freem 8.31 9.08 ind f 9.01 9.85 mass f 11.0912.12 income 14.75 16.12 mass Inanc Isacs Mit x10.3011.11 Mig 9.49 10.23 Mio x14. 12 15.22 Mfd x 14.50 15.63 Mcd x9.79 10.50 mfg 14.87 16.03 mob f x9.27 9.73 Mather 17.36 . Merrill Lynch Basic i 10.54 10.98 Cpl cd 14.7015.31 Equla 1 9.99 10.41 Mun by 9.29 9.48 Ray ast 1.00 . Spa Val 10.04 10.46 mid am 5.65 6.17 Mony cd 9.61 10.50 mob cd 15.71 . Mil in f 9.40 10.27 Mif cd 8.12 8.78 Mif Gro 4.62 4.99 Mutual of Omaha Amer 11.10 11.62 growth 4.19 4.55 income 9.28 10.09 tax for 14.2015.43 Mut hrs 36.80 . Nat indu 12.34 . Nat l securities Balanc x9.65 10.40 Bond or x4.44 4.79 Divide x4.36 4.70 pref St 7.47 8.05 income 5.80 6.25 Stock or 8.36 9.01 growth 6.02 6.49 new England life equity 18.23 19.82 growth 11.65 12.66 income 13.43 14.60 ret est 16.55 17.89 Neuberger Energy 14,46 . Guard 29.87 . Partner 11.78 . Nea it 8.03 . Newton g 14.44 . Newton in 9.54 . New old xll.59 . Nichlas 22.94 . Nomura 14.68 15.78 nest intr 14.04 . Nuveen 9.35 9.79 Omega 10.66 10.78 one will 15.56 . Oppenheimer aim cd 11.32 12.37 of and 6.55 7.16 income 8.58 9.38 Mony b 1.00 . Opt inc 23.9626.19 tax feb 9.83 . Time f 10.66 11.65 oct Sec 18.27 19.86 Paramo z z Penn it 6.16 . Penn so 8.02 . Phila cd 8.90 9.73 Phonix c 8.41 9.19 Phonix f 9.35 10.22 Pilgrim group Pil from 13.67 14.50 capital 3.77 4.00 income 9.50 10.08 Pilg cd 11.9812.71 Pioneer funds Pion cd 15.88 17.36 Pion ii 20.9222.86 planned 12.97 14.10 Ali Gro 12.14 13.27 Ali trn 12.07 13.19 Price Rowe growth 11.72 . Income 9.72 . New Era 12.22 . New Hor 10.72 . Prime 10.00 . Tax for 9.83 . Pro cd 8.16 . Pro Inco 10.33 . Prud sys 10.14 11.08 Putnam funds conver 12.63 13.80 equity 13.11 14.33 Georg 13.65 14.92 growth 11.58 12.66 i yield 18.74 20.10 income 7.75 8.47 invest 7.84 8.57 option 13.68 14.95 tax sex 22.5323.65 Vista f 12.61 13.78 voyage 12.16 13.29 a Lbw 2.74 . Reserve f 1.00 . Revere f 5.88 . Safe Seq 10.65 11.64 Safe co g 12.89 14.09 St i Cap 9.15 9.73 St i Goth 10.20 10.85 Scudder Stevens comon 10.79 . Income 13.77 . Into and 15.86 . Mgt is 9.99 . Mun by 9.85 . Special 33.40 . Security funds and cd 9.63 9.90 equity 4.84 5.29 invest 7.78 8.50 Ultra f 14.94 16.33 selected funds Selc am x7.06 . Selc spa 13.41 . Sentinel group Apex f 3.92 4.28 bal and 7.70 8.42 com St 12.04 13.16 growth 9.26 10.12 sentry 15.73 17.10 Sequela 23.15 . Shareholders Gap Cost 8.00 8.74 enter or 6.53 7.14 Harar 9.50 10.38 Legal l 7.17 7.84 Pace cd 17.4319.05 Shearson funds a ppr 21.1423.10 income 18.06 19.74 invest 10.84 11.85 so Dean 23.14 . Sirra or 10.87 . Sigma funds Cap shr 10.72 11.72 inv so 10.59 11.57 test so 9.15 10.00 Ventur 9.15 10.00 Smith b 11.2211.81 sol or 13.15 13.84 so Genf 12.60 13.19 swat inv 8.46 9.15 so inv g 6.43 6.95 sour inv 12.28 13.42 state Bond group com cd 4.57 4.99 dives if 5.02 5,49 Progris 4.93 5.39 St for bal 10.52 . St for or 6.95 . State str 48.4348.90 Steadman funds am ind 2.50 . Asso cd 1.04 . Invest 1.34 . Ocean 6.09 . Stein Roe funds Balanc 18.13 . Capital 11.08 . Stock 12.85 . Strat Goth 19.33 . Survey f 10.31 11.27 tax Man 20.5522.46 tempi g 17.13 18.72 temp in 13.02 14.23 temp in 1.00 . Tran Cap 7.77 8.45 Tran inv 9.41 10.23 travel Seq 11.83 12.93 Tudor h 20.06 . 20th cd 7.40 . 20th cd 10.19 . Unify a 3.99 . Unified 8.67 . Union service bad s in 11.4212.31 Natl inv 6.97 7.51 in Cap 14.50 15.63 Union in 12.0913.04 United funds a cum 6.79 7.42 and cd 7.04 7.69 cont go 9.57 10.46 cont inc 9.62 10.51 income 9.77 10.68 Mun by 9.44 9.83 science 6.73 7.36 Vang 6.66 7.28 Ltd Svca 2.23 . Usaa Ca 8.48 . Usaa in 11.07 . Value line funds Val lne 9.84 10.09 Val inc 6.01 6.16 lev Goth 18.58 19.06 Val pc 6.44 6.61 Wanna Atrip Rovai ice Woi incr a income x12.90 14.10 invest 7.37 6.05 is com 6.93 7.57cnftrl 19 7q 11 Oft 9f?l 11/7 utto Vanguard group explore 29.99 . 1st Index 14.04 . Vest 9.22 . Morgn 14.66 . Trust 10.44 . War she 14.88 . War int 14.22 . War in 13.74 . Welly 11.90 . Wellton 9.47 . A Stan 9.22 . We my 9.99 . Win Der 11.55 . Varied 1 z z Walls f 6.77 7.40 Weing Seq 18.36 . Wise inc 4.87 . Wood Struther win Deg m 32.43 . Neuwir 9.65 . Pine of 10.59 . No no Load. A a dividend. A unavailable. Merit s August Index of leading economic indicators. The Index which forecasts the future course of the Economy had plunged a revised 1.3 percent in rail strike that affected 42 states Hung Over the Market during the week. The four Day walkout by railway clerks jeopardized the Midwest Grain Harvest and forced automakers to consider Large scale layoffs. Also in the news background the Senate finance committee passed a bigger tax Cut than the one approved by the House. The new York Stock Exchange Index Rose 0.41 to 57.78 and Standard & poor s 500 Stock Index gained 0.70 to 102.54. De Clines edged out advances 986 to 851, among the 2,104 issues traded. Big Board volume totalled 123,618,570 shares compared with 164,178,260 the pre Vious week and 97,603,840 the same week a year ago. Composite volume of nose issues listed on All . Exchanges and Over the counter amounted to 139,405,920 shares Down from 183,261,060 shares the week before. Carrier corp. Was the most Active nose listed Issue on the week up 7 to 27%.ramada inns was second unchanged at 13%. Pan american world airways was third up % to 9. Holiday inns was fourth up 2% to 28 /4. Also Active Caesar s world spurted 5 /4 to 52. Kennicott Copper tacked on % to 28. Kennicott indicated it May Appeal a court ruling reversing an earlier order that bar red Curtiss Wright from voting its shares of Kennicott proxies at the Copper producer s annual meeting. On the amex the american Stock Exchange Index climbed 11.53 to 168.81 for the week. Advances topped declines 442 to 426, among the 1,056 issues traded. Instrument systems topped the amex weekly actives unchanged at 1%. Allied artists was second up los to 7l/a. Syntax corp. Followed up 2% to 35%. Resorts International a when issued was fourth on the list up % to 48. The re sorts International a Stock surged 6% to 145. Resorts owns the Only Casino now operating in Atlantic City. Investors guide Nevi v by William a. Doyle q. I am upset that the Federal govern ment has not granted another Extension on the series e . Savings Bonds issued from May 1940, through april 1952. I feel it is a National disgrace that those Bonds will reach their final maturities and Stop accruing interest after 40 years. If i Exchange my old e Bonds for series h Bonds before my e Bonds reach thir final maturities will the h Bonds pay me inter est every six months or will the h Bond assume the final maturity dates of the e Bonds for which they were exchanged a. If you Exchange for is for is you get an interest Check in the mail semiannually. You la no longer have to worry about Stock pulse by United press International copyright 1978 Friday sept. 29,1978 nose composite most actives by volume Stock to inns ramada Exxon carriers pan am a exp Fencott Olin corp Norton i Caesars vol close earns be old air we 420,800 28 /4 383,000 137/a 339,400 51% 318,300 27 /6 300,000 9 243,100 347/a 241,600 28 241,300 17 a 224,400 19% 223,400 52 $1.99 14.0 2.0 0.33 42.0 0.4 5.75 9.0 6.6 3.23 8.0 3.0 1.84 5.0. 4.00 9.0 4.6 2.1 2.42 7.0 5.0 2.43 8.0 4.6 2.08 25.0 nose composite largest net changes Stock sup Oil Alap of Symns Coldwe my Phi Schlumb i Chron Bunker Smith let Namol 8.28 close Cage earns be old 6 $10.93 28.0 0.9 9.6 6.2 303 86 4 /2 18 4 40% 3% 21% 3 /9 90% 23 /2 19% 46 39vi 2%2v, 2% 2
