European Stars and Stripes (Newspaper) - September 14, 1980, Darmstadt, Hesse Page 16 the stars and stripes sunday september 14, 1980 fed open making Stock Outlook bleary by Frank w. Slusser Dpi business writer new York up with the exception of the Dow Jones Industrial aver age the Stock Market registered an Overall modest gain in fairly Active trading last week. But Morrer. Clouds gathered late Friday afternoon Over the Federal Reserve s re port the nation s Money Supply surged $1.2 billion in the last reporting period. That will put pressure on the fed to tighten credit and boost interest rates. If the rates do continue to Rise Cash Laden institutions which have been pump ing billions into stocks could switch to Money instruments. Against this background the Dow industrials which Rose 8.37 Points the Previ Ous week fell 4.44 Points to 936.52. But the new York Stock Exchange in Dex added 0.52 to 72.65 and Standard & poor s 500-Stock Index Rose 0.66 to 125.54. Advances lopped declines 1,046-844, among the 2,109 issues traded. Big Board volume totalled 229,936,361 shares compared with 184,679,800 two weeks ago and 192,125,605 traded during the same week a year ago. Hundreds of Large Block trades indicated institutions were buying during the week because they did t want to miss out on the major move upward generated by the recent rally which has been stalled since aug. 11 when the Dow industrials hit a High of 964. But that Pace May slow Down this week As investors try to determine where inter est rates the Economy and open arc headed. Gold prices and those of other precious metals and commodities Rose last week be cause of rumours saudi Arabia would Cut Oil production and raise prices by $4 a barrel. The saudi plans will be unveiled this funds prices week during inc open meeting in Vienna. The results expected to be inflationary will make the fed s Job even More diff comp Chile volume of nose issues listed on All . Exchanges and Over the counter totalled 261,031,511 shares com pared with 209,779,640 the week before. Sony corp. Was the most Active nose listed Issue up 1% to 14 i. Several analysts weeks ago recommended the Issue and the Stock has dominated the list Ever was second on the Active list up itt to 13w. Colgate palmolive followed ulv to 56 i leading the issues related to precious metals. The company said it has completed the Purchase of 400. 000 of its own shares. Tonka corp. Climbed 7h to 23 k. The company has agreed to sell its Greson manufacturing co. Unit to Dana corp. For about s37 million. Crouse Hinds gained 7 to 41v4 in heavy trading. Into North has commenced with a tender offer for 54 percent of Crouse Hinds Stock and will propose a merger if Crouse Hinds terminates plans to acquire Bolden corp. Carlisle corp. Climbed 9h to 53. The company Early last week said several unnamed analysts had Given the Stock a buy recommendation. No Park resources gained 8v4 to 55h, the company said it does t know what i caused the activity in its Stock but analysts noted a recent published report said Oil end Gas drilling business was in Good shape. On the american Stock Exchange the Market value Index Rose 9.99 to a record 341.35. Advances topped declines 465 338, among the 952 issues traded. Volume totalled 39,055,250 shares compared with 31,407,995 the previous week and 26,989, 480 traded during the same week a year ago. Atlas consolidated mining class b was the most Active Macx Issue up it to 6vi. Gulf Oil of Canada followed up it to 25h. Goldfield corp. Was third up / to 3w. The National association of securities dealers Nash a oct Index gained new York up following i a hit of bid and Akkad fund at quo if t v a Nash inc. Fridays it. 11, 19m few aim Acorn cd 77 . Adv cd 14 n Alul Lff 1661 age cd 3o4 39? aim fund con old 1384 14 bed a r71 is 77 Hyld so 98s 10 s3 Aloha cd i i am birth it 12 is 43 am a fund. 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I Kite Tut some Bonds ire ended does this mean they Are not paying Lateresa a in Mosi cases yes. Almost All marketable Bonds those traded in the marketplace Are bought and sold on an and interest basis. When you buy such a Bond you pay the Market priced us the interest that has accrued since that particular Bond s last interest payment Date. When you sell you get the Market Price plus the accrued interest. Bonds which Are in default of interest or principal Trade Flat. The buyer pays and the seller receives the Market Price with no adjustment for interest accrual. Income Bonds which pay interest Only when the issuers of the Bond earn enough Money to pay the interest Alto usually Trade Flat. If you re considering buying Bonds Trad ing Flat i urge you to consult a brokerage House or Bank with a Good Bond research department. I a a welcoT8 written question but he will be Able to provide answers Only through the column. Address your re quests to William a. Dovle. Rori of the " stars and stripes Apo Omli
