European Stars and Stripes (Newspaper) - June 15, 1980, Darmstadt, Hesse                                Page 16 the stars and stripes sunday. Juno 15, 1980ra.y Sparks Market to 4-month High by Frank w. Slusser i i business writer new York up1 the Stock mar act in a rally sparked by sharply declining interest rates and Oil speculation climbed to it highest level in nearly four months last week. Trading was Active. While Many economists and the Carter administration said the recession was More severe than anticipated institutions were buying stocks in a fashion that indicated they May have already discounted the  Dow Jones Industrial average a 10.67-Point Winner the previous week Rose 14.85 Points to 876.37, the highest level since it reached 886.86 on feb. 20. The closely watched average has climbed More than 110 Points in the past couple of months. The new York Stock Exchange Index gained 1.46 to 66.13 and Standard & poor s 500-Stock Index added 2.61 to 115.81. Advances topped declines 1,355 to 580. Among the 2,137 issues traded. Treasury Bills fell to three year lows and May drop even More now that the Federal Reserve has lowered its discount rate to 11 percent from 12 percent. The prime rate at the nation s Banks now sits Between 12 and i2w percent. It was at 20 percent in april. Henry Kaufman Salomon Brothers economist and one of the most respected voices on Wall Street predicted the prime would drop below 10 percent and that con Sumer prices might decline 5 to 8 percent by the end of the year because the recession is deeper than at first thought. Industrial production in May plunged 2.1 percent the largest slide in five years. May retail sales fell 1.5 percent the fourth funds prices consecutive monthly  Slater chief Commerce department economist said in the depart ment j current Magazine that it will be necessary to Cut taxes next year to assure the Success of a recovery. _ president Carter who has admitted this recession won t be Short or Small said he will Lake necessary Steps if recession and unemployment  Board volume totalled 211,816,830 shares compared with 196,353,000 shares the previous week and 185,229,920 traded during the same week a year  volume of nose issues listed in on All . Exchanges and Over the counter totalled 244,422,940 snares com pared with 221,892,650 the previous week. Mobil corp. Was the most Active nose listed Issue up 2v4 to 75h. Among the other oils Exxon Rose 1w to 66% in heavy trading and Texaco gained 1v4 to 37 in heavy  industries gained 6 to 31 i. The company is in the Oil and Gas measuring business and was recommended by a major brokerage. General motors was the second most 49v, ism was the the third most Active nose listed Issue rising 1% to 58%. Diamond International a 6w-Point loser the previous week added 2tt to 41 i in Active trading. The company reached an agreement to allow Cavenham development to acquire 40 percent of its Stock for $42 a share and not buy any More for the next five years. Vii Rose 5% to 34v4. The company said several firms had expressed interest in acquiring Vii. On the american Stock Exchange the Market value Index Rose 5.74 to 287.75. Advances topped declines 468 to 312, among the 957 issues traded. Volume to tales 27,649,620 shares compared with 25,725,140 the previous week and 30,275, 735 traded during the same week a year ago. Gulf Oil of Canada was the most Active amex Issue off w to 28%. Houston Oil it minerals followed up 1% to 26%. Mcculoch Oil was third up 2 to 1314. Golden Nuggett Rose 451 to 28%. The National association of securities dealers Nash a Index of stocks traded new York up following is a Hal of bid and asked pres on Mutual funds As of old bythe Nash inc. Friday Jim in hid bad As Acorn cd 33 64 . Adv cd 13.20 .Aluturt 14.14 . Ace cd 394 4.15aim funds con old 17 42 1 j 18edtn cd 11.471277 Hotd so 10 h 11 27alpha cd 14.59 . Am birth 1? 55 13.77amtr fund croup am Bat 1.54 u3amceo w.99 1101 am mul 11.11 iu1an Cro ii lit and a 136314.90cash my 1.00 . And inv 745 1.36cow Sec 22.9773.13 pm am 10.44 11.43inc am 7 94 1 u 1 c a is 979nw prs 744 135 Watti m 469 7.31amtr genl group a Gabd 7.55 1.15ac enl 9.8010.71 on sex 34 11 .Crwth 74.50 . A c Ven 19 05 10 12crmlk 1084 11.17 and am h9.s5 10.44harbr 10 ii ii 19 pact cd 12.177434provl in x3 u 4.11 am com 937 1005am Well 2.64 . Am a  574 573 .1 Insl 9i4nl. A in inc 17.47 .Amni or 111 474 Amway 7.91 1.44axe.houghten fund b 171 900incom 460 5.00 Stock 770 141blc Gin 14371570 Babl inc 1.63  inv ii6snl. Beacon 1049 .Beacn i 10.53 . Berber croup100 and 1105 .101 and 977 no. Better compan Yip cd 1140 it 65jmi Cap 7474nl. Jhn Cash  fun 111 Iii by and Bear Gap Capa 9 10 . Caplash 10 45 .Colcnd 13 43 .  cd 147116.15 can cd 9431031txv shr 717 301 income 11.901301nalwd 9701060 tax for 111611.17 a Tell she ii 44 17.33 Chan by i1uiiiii Chase of Bonn fix bos 7 10 r 57 Shir by 117 915sped 911 996 chem a 179 941chep Dot 14 73 . Chest in 31 ii  funds fund 1033 1119crwlh i50 7.10 i yield 114 190incom 7.74 146 Opl inc 107911.7tai my 15111451 conc pm c 19.35  a in 1.13 17 c 151 171corrv by 911 911 comp cd 1.97 965concrd 17 93 . Cam general cd cd 13 Ull 71 cd inc x77l 7j7cc my a 90 com inv ii who tin go 14 43 . Consul 49474997conmt in 735nl con re c uj7llli Dally inc 1.00 .Imoworpgropp dec air i44s made sch f 1.7. 9.57 Tif a 7j4 Aldeny f 1jj7 1441 Dehl t 7.15 7j1drecl up 7.24 no. Dodo b l 13.54 .Dodoc 11.73 . Or Burn lilt .Drwfut group Oryl cd Ull is sorry by 7u17337 numb 9 9 15 .so inc 7.41 . Tax be 12.85 .3rd cent 23.23 no. Egom or 9.4110.71eaton 1 Howard bom cd 876 1.91foursp. 9. 15 . Gwla f 14.99 14.16incmo s.71 543 spell f 9 11 10.59sick cd 10 61 11.51 Elton Tif 9.00 i Hun trl 1134 it Eynon 19.03 .Fairfld 13.15 1417 farm a 11.11 14.00fed Sid 38.i9n.l. Federated group Ladr 0 Janus cd 23.55 .Jemhancodi Botna 57 9j7 and cd 16.10 17.50grwth 868 9.43 tax sex 11.65 1744kouf cd 3jxin.l. Kemper funds Nim 9.41 1009 grow la 10.5611.54hi yield 10.0710.75 Mun by 1.91 9.43opt inc 1x17 14j9sumlt 15.74 17 70 sup can Iju   13.00 total r ii m12.llkeystone fund Alia to 1.00 .cult by 16 10 ill Cust by 17j9  by 7.53 1.73 Cust Al 7.51 ij1cust k2 4.14 6.71 Cust is 11 91 7074cust s3 95210.40 curl s4 7.33 1.01kill cd 4.17 4.50 Lexington Groupp Ledr i75613j 3 grow la 1i.70n.l. Reich 17.58 .Lite inv 10.11 11.05 Lindner  .Llad Cap 10.00  Loe mls Savles ads Cap do 14 99 .Mulual 14.57 . Lord Abbott Allilla 147 9.13 and Deb 10.06 10.99dvl Gro 14.76 15.51 income x2.95 3.11lutheran brother Broh cd i i Bro in d id by mid id id Bro us id 111massachusetts co Freem 9.01 i dined f 11.72 ii mass f 12.51 1x47incom 11.71 t mass Al Nancy so Csmith id 1 Mig ii it Mcd id id mfg i ii mob ii id Mph id it Malher 20 61 .Merrh Lynch Batic i 1173 17.71cpu cd is 10 16.90 Houlb 1 96310.03hi inc 191 971 Mun ins Iii i.4srdv ast to on. Spa Val 9.51 10.21mm am 4.14 6.73monv cd 10.671144 Mykl m 17671171msb cd 15 14 .Mllbn f 91310.74 Mif cd 105 170m1f or 4.91 Jim if by w401u4 Mif in  of Omaha Amer io47 .cr�m 444 413 irume 8n 974ta for 17711177 mul stirs 4ii9nl.naes the 35193475 a a to r-613 no. Nat Hokl 15.11 .Ntn soc rmes Balanc 9.99 10.77bom or 1.91 4.19dmdn 417 Sis pral silk 047 7.19incom 5j1 474 Slot or 9.15 9.17tax be 10.031040 Oroth Ijo 7.01new or and lne you lev 19.033041grwlh 13j1 13.92 income 11401247ret eat 1841 20.73 Tan sex 7.s7 7.93neubtrer Enott 21jon.l.guard 31 j9 . Us Rev 4j3 .Manht 355nl. Parlor 17jj6nuscnut f 13.21 . Newly c 16.13  in 1.41 . New we id indy vent 17.13 1873 Nettas 13.99 .Nmure 94 10j3 nest Ivor i3jon.l.nuyeen 1.44 114 Omen 15.11 1u4one we 17.15 no. Alm cd 1649 18.24op and in 941 Hiyi a 11.112271incom 8.49 9.21 Opl inc 11 95 23 99sper/l 1743 19.04 tax feb 1.10 .time f 11.001111 oct Sec 34.4116.54paroml 931 10.17 Pax we 97inl.penn it 5.51 . A Nix for 16.1616.91penn so 7.93 . Thlu cd 944 10.54phonlx c 10.9511.97 pm Only f 10 my 1.07pvgrlm group capital 4.39 4.63incom 171 1.93 Pik cd 14.7915.95puneer funds plonk ii io.s7 11.55plaand 16.01 . Ali Cro 14.73 15.s5pli to 17731117  13.37 . Income 9.51 .Nw in 18.47 .Nw hot 13.17 no. Prime d it tax for 9.04 .pro Jerk ties my Tec 11 14 .pro cd 740n.l. Pro inc 9jinl.prud sys 1170 13m pm Nam fund conver 14.15 15.46 Coon 1143 14mcrwlh 13.77 13.41 i fwd 14.78 17.99tocom 703 7.54ln� you 15401113 invest 1.14 197oollon 13 47 14.47 Vista f 16.13 17.63vovog 13.93 1573 Revere f 7.14 no Salon leg 1041 no. Soteco g 1377nl.salco inc 10.77 . Sir Goth 1ij4 1747sipi spa 19.i9nj Teu or funds comon 17.74  cd 36jsnl. Income 1740 .inn and iu3n.l. Mun by 1.97 .Specal 4079 . Cdr rtt fund Sam cd us a up ult 405 141brresl 141 941 Ultra p 14.08 iu9meomptlms sett am mind. Won Mil 1.00  so 1151 no.  f 347 in Bel and 781 841com silk 17.95 14 is growth 10.95 1 1 97sentry 11.80704 Merion fim Cive nose listed Issue climbing 514 to Over the counter Rose 3.91 to 156.59. A ppr 3im34j3lnco,n 11437003 invest 1344 u.9ish Dean 117 . Sim or 1373 .Srami funds Cap shr 17.73 13.91incm so 1.39 9.17 inv so 114611.53trst so 9.30 10.16 Ventur 10j1 1ij1smith b 1117 13-44 sol or 15.17 15.97 investors guide by William a. Doyle so Genf 13j41197swsl inv 8.93 9.68 toy inv 131514 q bought some corporate Bonds late most marketable Bonds those Bough state Send croup last year. Included in the Price 1 paid was and sold in the Market place Are traded Dhesi if us ire 8�� bit of accrued interest when i file on an and interest basis Progris Sam i ij9 my Incont Lux return on i deduct that when you buy such a Bond you pay the sift or l .nn.l. Accrued interest from the interest 1 re Market Price plus the interest that has or a celled from the Bond accrued since the last interest payment  surely. Subtract the accrued interest Date when you sell you get the Market ass cd x not you a t from the interest you received Price plus accrued interest. Most Bon Simmi 143 a i and report the difference As interest in pay interest twice a year. Own Roe funds " come on your tax return. Let s say that on nov. 1you bought Abaian �.30n.l. Go that All readers know what we re $10,000 Bond issued by Xyz corp. With a Siock Ilont talking about it should be explained that 12 percent interest rate and with interest i Kwh ivs Iff payment dates of dec. 1 and May 1. Survey f 13.61 14.95tax Man 17.1618.75 tempi 0 4.51 7.19temp in 15.971745 temp in 1.00 .Tran Cap 1.34 9.07 Tran inv 9jo 10.11trovl Seq 13.6814.95 Tudor h 8.11 .70th c g 1.70 . Toil Cal 11.43 .Umid a s.i3n.l. In lulled 10.01 .Impn service bids in 114112.52nail inv 747 8.27 in Cap 17.96 19j United funds cum 7.97 8.71 and cd 6.15 6.72clh Mol 1.00 .cont go 11.0512.08 cont inc. 949ioj9fid shr 7549 17 44 Hloch in 15.19 1640tncom 9.75 10.11 Mun by 7j6 1.193clenc in 8.99 Vanord 8.54 9j3uld Svca 4.43 . Usaa co 9.70 .usaa in 10.57 . Value Une funds Val no 1374 .Val inc 6.59 e.76lev Cly 16.1816.59 Val soc 8.17 841vance Sanders Cmel 1 41j1nudobos 1 78.12 no. Do red 1 4173 .ex cd 1 6172 . Flex 3monl.incom 1701 13.13 7ndfd 1 4064nl.vs com 1.08 ij3sped 13 47 14.94 Vanguard group Xor i9mnl. 1st Index 1197 .Ivesl 1064 no. Moron 9ji .Mun by 10.47 .Mun Shi i4.93n.l. Mun m 13.47 .Mun us Pitt no Wenly 1 193 .Welln 10 01 . His by 946n.l.k Bond i43n.l. Wuhr 10.17 .varied 1 t t worst p 7.n 145wmn Seq 71s7n.l Wise he 4.15 4.18svpm shv9w we Yevg m 41.50 .Neuwr 1044 . Pine of   Lead a Eide Visendi us Valaski i Stock pulse a it Mai of 01 or by United press Mot non copyright 1980friday, Juno 13. I9h Hyie comp he my actives by volume Slock old vol close earn be old Anmol 677,500 49h 4.17 1.0 1.9fdnimi 551.700 17h 3j7 7.0 7.4 Sony up 473,700 9vi 0.62 15.0 0.9ibm up 451.300 5lh s.19 110 51 to Bop 478.800 7sni 1148 6.0 45caesars we 415,800 leu 104 140 of Arlondus 368,500 44 a 7.09 6.0 4.5bakv my 340.100 27 145 170 04 in per 357,400 37 8.91 4.0 e-5 amt Tel  is 8.07 7.0 9.1 nose composite largest net changes Slock Toie Choe earns be Yusup of Iso 4v4 111.13 14.0 i Waln a 60 .1 � 3 3.07 3d.o 0.7kllsor steel 46v, 3 11.73 3.0 har me 44 Ira 7.91 40 m Small Hal 6ih t 3vj 4.10 15.0 3.7 lib orly 2h 3v� 1.70 13.0 1 mod mtr i3v t in 1.14 .0 u of Cuman 1v4 2visnrlor 331 3 131 4.0 u Jocund 118 3 5.51 21.0 u Ami composite most actives by a invt Slock vol close earns be old cd Canada 446,000 38h % 1,37 21.0houston 357,400 26 1� 3.11 130 10 husky Oil 307,000 13v, Mcculoch cd 304,400 13vh 3l33 4.0 resort null a in too 3s" 645 40 Al Elnoro up 129.300 Ullh 177 17.0 cold no out 174,300 tire o.s7 5uimp Oil 119.000 37 4.99 9j Ujj Dom. Polo i7joo 49 4.11 17.0 amex com Polit Lansol Mel Ouitta Slock Clouch of earns be old Bollwerk 33 2t� i 1.91 3,0 17  34 � 2u. 3.07 14.0 it Yocom 30h � j 243 13.0 24 Scurry Raki hit 1u 441 130newcor Una it 303 39 Wonola 15h in in in no Toson Rich 44vs Ivil of 414 to Titre. T a 12. F5ismvkn 741% 14ft if 4j in it my 4h t in  7j 1. Be pfc to Man not fill ohm dividend a Ltd Dot deficit oar Alnos Latryl ii Mon Lis. Uruu Dlloyd. Way through the interest payment period. You paid the Market Price plus $500 accrued interest. On dec. 1, you collected s600 interest. You report is 00 interest income on your tax return. Q. This question is not for you but for your Blue eyed finance officer you sometimes mention. I Trust you will not exert any undue influence on the lady answer. What Case can be made for buying common stocks these Days when higher current returns Are Itai Uble from Short term notes. . Treasury securities and others be fixed income investments a. Here s her answer which i did Tsee until it was ready for the column. The Case for common stocks As Long term investments is just As Strong today As when Bill and i married 28 years ago. Sometimes the dividends on our Stock Don t give us the higher current yields we could get in the other Type of investments you mention. But i have Learned from experience that the dividends on Gooc common stocks increase Over the years. I consider that real Protection against inflation. 1 would t think of Selling my ism even though its current yield is Only Abou 5.5 percent. We have other Low yielding stocks but expect them All to increase the dividends As they have in the past. Bill has always told me we should invest for the future. I agree. Without waving the Flag too much 1 believe in the future o this country and in investments in american companies. Please Don t misunderstand. I am no saying every person should have All of i or her Money in stocks. We have some o Pur Money in absolutely Safe Short Tern investments such As you named. But Over the years the common Stock have done better. 1 feel that will Continuo be the Case