European Stars and Stripes (Newspaper) - June 08, 1980, Darmstadt, Hesse                                Page 16 the stars and stripes sunday june 8. 1980 Stock Market climbs to 3-month High by Frank w. Sll user York up Wilh oils and metals leading the Way stocks climbed to a three month High last week with the Aid of lower interest rates favourable Energy votes and speculation that the recession May have peaked. Trading was heavy. The Dow Jones Industrial average a3.25-Poinl loser the previous week Rose 10.67 Points to 861,52. The highest level since it closed at 863.14 on feb. 29. The Dow has climbed 102 Points since april21. When it hit 759. Brokers said such a Large gain in such a Short time would make the Market Vulner Able to profit taking but institutional investors fearful of missing a major Market move swarmed to the buying counter. The York Stock Exchange Index gained 1.23 to 64.67 and Standard & poor s 500-Slock Index added 2.96 to 113.20. Advances topped declines 1,263 10623. Among the 2.110issues traded. The country obviously is in a Steep re cession but Wall Street is looking Over the Valley of the downturn said Robert Sto Vall. Dean Witter Reynolds vice president. Trim s the reason general motors is sell ing at around 45 instead of 35." Stovall said it was concerned " he mar Ket is getting ahead of itself and i am afraid of what is going to happen in Thelong  arbitrageurs were Active in several take Over situations which have become More numerous recently As interest rates have fallen. Most Banks dropped their prime lending rate which hit 20 percent More than a month ago to 13 percent from 14 percent. Treasury Bill Rales have dropped to the 7-9 percent level from 16 percent making stocks More attractive analysts said. Many observers said the Market s and Vance indicates investors already arc Dis counting the recession that the National Bureau of economic research said began in january. Some Are saying the downturns about half Over. The government s april Index of leading economic indicators plunged a record 4.8 percent. New factory orders plunged 5.5 percent the largest drop since it skidded 6.8 percent in december 1974. Construction spending fell 3.6 percent in april to i slowest Wal in a year. May wholesale prices Rose 0.3 percent Down from the 0.5 percent Rise in april and the smallest increase since a 0.2 per cent boost in september 1977. But the May jobless rate Rose to 7.8 percent from 7 percent in april. President Carter said the recession was Sleeper than his administration expected and the unemployment rate increase brought on Calls for lax cuts in washing Ion. Carter also said the nation had turned the Corner on inflation but that the administration still considers it As the biggest problem. Big Board volume totalled 196,353,000 shares compared with 156,208,705 shares the previous week and 173,772,600 Trade during the same week a year ago. Composite volume of nose issues listed on All . Exchanges and Over the counter totalled 221,892.650 shares compared with 177.584.995 the week before. Ism was the most Active nose listed Issue rising i to 57. Even though the company said it was Uncertain about its Short term Outlook. The Slock hit around 43 earlier this year and has been Active Ever since. Gulf & Western was the second mos Active Issue up i to 18. The company introduced a Zinc Chloride Energy storage system it said could Power a car 55 Mph for 200 Miles before recharge. City investing a 4h-Poim Winner the past two weeks was the third most Active nose Lis cd Issue up or to 2sj4. There was speculation that Tamco would Sweet in a is. I billion takeover offer they made but which City investing rejected. On the american Stock Exchange the Market value Index Rose 10.34 to 282.01. Advances edged declines 462 to 309, among the 947 issues traded. Funds prices investors guide by William a. Doyle q. Many times i noticed in your column a certain level. That children do not have to pay income the Dollar amount of that level has been tax. 1 was considering transferring some jacked up Over the years. For 1979 the of our stocks and Bonds to our children s year most of us Are concerned about As we names so that no tax would hate to be get ready to file tax returns it was paid on the dividends and interest $3,300. I called the internal Revenue service to also if a child who is claimed As a de make sure and was told this is not so. The pendent on his or her parents tax return person 1 spoke to at the irs said you were has taxable dividends interest or other so wrong in writing that children do not hate called unearned income of less than is to pay income tax. Can you Check ibis 000, he or she does no have to file a Fedor again Al tax return. The $1,000 number also a.  a minute now. This column for 1979 is counted As part of the never said what you say it did. $3,300 total income figure in determining it has been pointed out Here that a whether or not the child must file a Federal child or any other single person under age return. 65, docs not have to file a Federal income this column has often stressed that Par tax return until his or her income reaches ends who shift stocks Bonds or other assets Stock pulse by United press International copyright i960 Friday june 6, 1980 Nye composite most actives by volume Slock Cliv vol close horns be old gulls i 782.200 18 s4.13 40 47 to 624,900 271 269 100 76 Gull uld 587.000 21 2.63 10 so Dart dui 500.100 4314 7.09 60 46 Ekok 390.800 s5 6j2 90 44 Anmol 368.100 441� 6.17 7.0 10.0 Texaco 329.400 35 x 7.58 5.0 6.7 ism co 319.100 s7l 5.19 11.0 60 May of 108.900 23 3.92 6.0 6.7 in 302.600 3 461 70 49 nose composite largest net changes Slock close Cage earns be old Olalla 38 a nit 1427 9.0 5.7 up 0.1 159 6 11.12 14.0 0.5 Secco 79u 414 1.06 26.0 09 Carol co 74v1 4 i 9.27 1.0 2.7 Mcl nivre m 71 4 1092 7.0 it Balm 51 314 4,19 120 0.3 Sabine 7 i 31 2.46 29.0 08 Kameg 104k 2tfe 67 20 22 Rogr Nind 4ih 2 � 7.37 6.0 2.4 soil of 9iu 2v 12.11 1.0 2.6 Amei composite most actives by Velum Slock vol close earns be old Gil Canada 248.300 21va iu7 310 Imp Oil 243.000 34 .4 4.09 1.0 4.1 Home Pedro 160.900 66 411 16.0 hous Loil 114.800 75 211 120 3.2 porch so 101.900 15i 3.71 100 04 Al re sour 92,000 10 1.71 60 Sundec 67,400 a 1 0.2 Trellon Oil 13.600 26. 055 41.0 Crystalo 12.700 35 1j1 35.0 1.4 Hulljr Oil 12.500 12 amex composite Larvell  changes Stock close Cage earns be old Fel Melfo 75t 5th 6107 254 04 Kirby Exoler 11. � so 6.95 110 Fucker 52 /. 7.44 7j 3.5 Scurry rain 90 � 2 661 13.0 Hoo arg 14 i 456 70 6.j orc neg 35. 1.71 100 06 i am lev 2,41 5.0 24 Hurt mag 5t� � j.i5 0 11 Felmond we 2svi Crys Lelo 35  250 u be Price to earnings ratio old Oil Deal yield Dot do kit silk yield in Slock earnings latest 12 months unaudited. Into children s names to Dodge taxes can get into big trouble with the irs. The proper Way to give securities to youngsters is to Register the securities in gift to minors act form. When you do that both the securities and the income the securities produce belong to the child As irrevocable gifts. Q. I opened an account with Money Market Mutual fund which is affiliated with a Tery big brokerage firm. The Money i Deposit with the fund u supposed to earn Del deeds from the Date of Deposit. On three different occasions when i hate made deposits the Money was not credited to my account until anywhere from one to two weeks later. As a result i have lost considerable amount of dividends hate complained to the brokerage firms operations manager with no remits. Do i hate any other recourse a. Yes indeed. Take your Story to the office of consumer affairs . Securi ties and Exchange commission Sec 500 North capital Street n.w., Washington . 20549. The Sec has cracked Down on broker age houses and Mutual funds doing what you say you Are being subjected to. A somewhat similar situation made head lines last year when it was disclosed that Many brokerage firms were using Remote checking sending East coast custom ers checks drawn on West coast Banks and vice versa. The conniving brokerages not the customers had the use of the Money until the checks cleared. Most Money Market Mutual funds including the one you named in your letter declare dividends daily. Any delay in crediting to your account the Money you Deposit costs dividend income. Or. Doyle welcomes written questions. But he will be Able to provide answers Only through the column. Address your re quests to William a. Doyle care of the stars and stripes afo 09211. New York up following is a list of bid and asked prices on Mutual funds As quoted by the Nash inc. Friday june 6, i960 bid Asti Acom cd 23.25 . Adv cd 13.01 . Lauture 11.92 no. Age cd 3.84 4.14 aim funds con old 17.70 u 05 eds go 117212.00 hym so 1076 10.97 Alpha cd 1444 . Am birth 1274 1344 Amer Ponds Croom am bal 6-15 9.11 Macao 1046 11.67 am Mut 11.03 12.05 an Gro 7.99 in and a 13.401464 can my 1.00 .fnd inv 7.45 8.14 Glt am 10.2711.22 inc am 774 6.41 1 c a 171 9.05 prs 7.47 8.14 Wash m 641 7.19 Amer Gerry group a Gabd 7j2 600 a g enl 9.44 1072 i yield 1041 176 a Mun 19.5970.57 a res to on. A Ven 16.492071 a milk 10.631142 and am 9.40 10.27 Harar 10.7511.75 Pace cd 21432364 prove in 3.64 4.14 am Goth 9.11 982 am Hurll 2.59 . Am Insun 5.17 565 am Insl 9.68 . Alv inc 12. 14 . Ami or 3.83 4.17 Amwel 9.06 147 axe hoi Ightman fund b 1.06 1.76 income 447 486 Slock 7.54 6.26 Babs inc 1.60 . Babs Iny 11 47 no. Beacon 10.50 . Bean i 10.35 no. Barger grew 100 and 1045 . 101 and 9.59 . Boston be Manv Ipi cd 14.97 16.16 Jhn ceo 2473 . Jhn Cash 100 . Boil fun 9.9510.77 to and Bear Gap copay 9.66 . Cali to so 10.74 no. Goland 1173 .cah/mbuloclr Bun cd 14.50 1545 can cd 9.21 10.07 div shr 2.76 302 income 1147 17.75 a Ald 9 46 10 14 Cash Rev 1.00 . Cap Prev 1.00 . Cent Cap 1.00 . Cent sons 11.71 12.09 Chan by 10.71 11.49 Charl cd 18141983 Chase a Moslen and bos 7 77 6 44 fron up 621 679 str is 6.16 694 sped 699 94j chem cd 168 949 Chep Dol 16 49 no. Coucal funds fund 10 111 growth 6.40 4.99 i a kid 797 871 income 7.54 674 tax my 14711406 com g 18 93 no. Commonwealth Aid 112 171 c 157 170 Como by 695 962 comp cd 8 19 9 56 Concord to 6f . Com general cd cd 1383 367 cd inc 7.11 770 comb 641 909 cons in 11751143 Consin go 14 04  con i in 713nl. Conley c 11 ii 147 of Cain 1 00  oa3.n 4.19 trash 1.01 111 Tresl so 11.21 1275 Lille and 1147 no Ivy fund 1.51 no. 1 p Gwla 11.63 12.64 Janus cd 23.34 no. John Hancocke Blanc 117 9.10 and cd 15.61 16.97 can m 1.00 no. Grow la 143 9.15 tax sex 11.5812.59 Kemper funds income 9.26 965 grow la 10.12 11.21 i yield 9.9010.62 Mon my 1.00 . Mun by 6.95 9.40 opt inc 12.961419 Sumell 15.56 17.01 Suo Cash 1.00 . Techno 10.701149 total r 10.9311.95 Keystone funds Aliq to 140 . Cust by 156516.55 Cust b2 17.69 19j1 curl 84 to 6.09 curl Al 7.31 7.99 curl k2 6.00 6.56 curl is 184520.18 Cust is 9.2610.12 curl s4 2.17 744 inn cd 402 4.39 Lexington group up Ledr 12.411167 growth 11.06 no. Income 6,97 no. Mon my 1.00 . Res run 17.43 . Life inv 9.68 10.58 Llod Cap 10.00 . Loerts saves ads Cap of 1447 no. Mutual 1474 . Lord Albeft Allyl Al 6.30 195 and Deb 9.63 1074 Cash is 1.00 . Oil Gro 14.161550 income 2.97 120 lutheran brother Broh cd 11.1912.21 Bro inc 8.70 9.51 by Mejt 1 00 . By Mph 1.06 161 Bro us x9.00 944 Massachusetts co Freem 6.78 1 ind f 11.57 ii mass f 17 20 13 33 income 13.52 1 mass Kuncl secs Mit 11.42 12.11 Mig 10.921177mid 14 46 1541 Mcd 13.76 14.64 Mfd 9.76 1052 mfg 3.44 14 49 mob 145 117 Mph 499 7.54 Mcm to on. Basic i 114312.11 cell cd 1546 1475 Houlb 1 975 974 Gort cd 1.00 . I inc 174 9.10 a Lull to on. Mun ins 106 640 Ray ast to on. He Val 9j1 998 mid am 621 679 Mon As 1 00 . Mony cd 10461141 mob cd 1561 no a Ibn f 9451055 Mif cd 7.90 954 Mif Gro 486 578 Mutual of Omaha Amer 1061 no. Grow la 4 36 4 /4 income 867 964 anon my 1.00 no tax for 12.161374 Mut hrs 4170 . Nirav to 33.1 j . Nal indu 1441 .hn securities Balanc 940 1047 Bond or 3.90 4.20 div Len 441 s.19 prel silk 646 7 07 income 5.73 Oll Liq Rev 1.00 no. Slock or 9.10 941 tax be 9.99 1041 grow la 674 641 England Ufa Cash m 10.00 my. You lev 18.592071 grow la 17.46 1157 income iu712j6 ret eol 18.141972 Neuberger Energy 2082 . Guard 11 Al . Us Rev 470 no. Mann 3.57 . Parlor 1679 no. Schus f 13 11 no. Nawlin g 15.79 . Newly in 879 . New we 13.37 . By vent 16461843 Nichlas 13.72  929 9.99 nest Ivor 12.20 no Nuveen j4 s.71 Omego 1449 15.01 one will 16.18 no. Aim cd 163917.91 of and 671 9.54 i yield 20.71 2241 income 171 6.99 Mony b 1.00 . Ool inc 21417142 spec l 17.14 18.71 tax feb 103 . Time f 11.761245 oct Sec 24.0126.10 Para Rel 9 15 1040 Penn my 5.41 no. Penn so 7 79 . Pella cd 94110.57 Phonix c 10.7711.77 Phonix f 9761047 Phron group Caola 4.17 4.50 income 8.14 678 Pilg cd 14.4615.59 Pioneer funds Plon cd 17411977 plonk ii 10.39 1u6 Tannd 15 64 . Ali Gro 11.911572 Ali trn 12.08 1170price Row grow la 12.03 . Income 9.17 . New Era 17.91 . New hot 1246 . Prime 10.00 . Tax for 1.99 . Pro services my Tec 1147 . Pro cd 741  pro inc 9.07 . Prud sys 17.4011.55 Putnam funds conver 1x65 15.14 div to 100 . Gore 13.4 464 or win 12.23 13j7 i yield 167117.57incom Iii in into eau 15.00 16.39 unveil 7.90 643 Folk my 1325 1446 tax sex 20.582141 Visla f 157717.16 Ovag 13 w 1446 a Lbw 110 . Reserve f to on. Revere f 699 no. Alec to 10jo 1146 Yatsco g 11.571441 Sipi Cap 11471741 sip Gin 11.4412.17 Scudder funds can la 140 no comon 13.59 no. Income 1770 no inn and 17.9 no. Mgt is 1005 no. Mun by 148 no. Special 1974 no. Secure a fund and cd 676 151 a oily 567 642 Manl 844 922 Ultra f 1140 1446 sa4ecsed funds set am i03nl. Mon m to on. Sale 5ol 1514nu ser atm group a f 149 is bal and 774 146 com silk 12.701341 grow la 10.70 Tut sentry  be Oduj 22j2nx. Sha Arsan fends pore 31.41 1413 oly of , invest 13j7 1441 so Dean 1.15 . Serra or 1241 no Sysma Puidk  inv so 11711277 Tresl so 9.01 f .92 Ventur 1045 153 Smith b u.m1147 sol or 15.lt 15.91 so Genf 11.121174 Swul inv 8.76 947 Sylv inc 445 575 sour inv 13441416 slate Bond group com cd 5.12 540 div sell 574 573 Progris 579 6j3 sir bal  for or 141 . Stale str s9lf55s Staw Knan fad am ind 249  as4o cd.91 no. Invest u6i4x. Ocean 8j2n.l Shin Roefina Balanc 19.64 . Cash i Ponx. Camii 1645 no. Stock 16ji . Strat inv 940v077 sural Gin 1940 no. Survey f 13.431446tax Man 1641 1101 tempi g 642 7.02 temp in 1546 1741 temp la 100 no. Tran Cap 1.16 147 Tran inv 9 12 9.91 travel Seq 1x451470 Tudor h 797nl.toin c g i Jon. 20lh Cal 1172nx. Uhd a 506 . Untitled 9.79 no Imon Servig Bros h 1140 1151 Nail inv 745 875 in Caol 17.7619.15un cosh 1.00 no Union in 11401241 United funds a cum 774 146bnd cd 5.97 6j2 Cash mgl 1.00 . Con go 10401140 com inc 94010.49 High la 14461474 income 9.17 1042mun by 781 1.21 Selene 106 841 Vang 177 9.04 uld Svca 473 . Usaa Ca 9.55 . Usaa in 1070 . Value Una Punde Cash cd 1.00 no. Val lne 13.0813.42val inc 6.46 4 43 Lav Gin 16.02 1443val Sec 6 15 874 Vance Anderi income 11.70 12.79 invest 7.45 114vs com 2.90 163 Secl 13.42 14.67 Vanguard grow uhor 1141 no Isi and 15 55 . Ives u74nl. Mon my 100 no. To on 9.29  by 1040 . Mun sol 14.91 .Mun in 1274 no. Mun us 11. Ii . Wehry 1147 no.  941  his 941  Wal h 644 no. Winds 9.hnx.varied 1 i id Walsh f 740 131 W.I. a 21mn.l. A Ltd inc 4.10 . Wood a Jruther we Oev m 40.78 . Neuwir 1076 no. Pino of 1140 no. W.i., in mtg . A t-wtlv.tjl4.w4