European Stars And Stripes (Newspaper) - January 25, 1981, Darmstadt, Hesse                                Page 18 the stars and stripes january 1981 experts find Stock Market plunge baffling by Frank Slusser up business writer new York up the Stock mar in a move that confounded Many of suffered its worst loss since mid december last week when institutional investors went into hiding despite a favor Able news on the same Day that Wall streets Ronald took office As the nations 40th 52 americans were released from 444 Days of Captivity in yet Stock prices one explanation offered by analysts was that which bought heavily last year on expectations that Reagan would win wanted to see what the new president will do about the confusing econ omy and whether interest rates will As a the Dow Jones Industrial average plunged to in the worst loss since a drubbing in the week that ended the setback included a clobbering the Day Reagan took office and the Ameri cans were released from the Dow gained Points the previous the new York Stock Exchange Index skidded to and Standard poors 500stock Index dropped to big Board volume totalled compared with traded the previous week and traded during the same week a year analysts said Reagan disappointed Many investors by not immediately lifting Price controls on Oil and natural Gas As Jimmy Carter had ordered them de controlled gradually by some traders also were disturbed that Reagan did not spell out More specifics of his economic which should be unveiled in the next few funds new York a bos 1250 following is a f or of bid and t and be prices on up Goth funds funds As quoted bal Hui England the Nash and Burh pro tax inc bid Bonds est Dean Able ask flex or Acorn cd la funds adv cd 9 pay shr future inc Resh so age feb so aim cent so con old or eds go a so z f b hid scud so g Alpha cd and in Genf am birth f fund old inv Amer funds Goth vent inc am dal f inc inv 1554 arc no cd cd 17 or Bond group am Mut cd an Gro f and a r cd 17 853 and inv 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indications of a major natural Gas and distillate find in the Eloi Bay Field in Bernard other Oil and Energy issues Gulf which found natural Gas in a norwegian North sea was the Sec Ond most Active nys listed off 3 to Superior Oil dropped 13 to Cali fornia Standard 73a to Ohio Stan Dard to Indiana Standard 5 to Getty Oil 5 to and Union Pacific 6 to Many reported Flat or disappointing quarterly Sony topped the Active up to Blu Chip ism was the third most Active off to 65 even though the computer giant reported higher fourth Quarter Fiel Crest Mills climbed 5 to 3314 after the company announced it was negotiating with Amos Keag on a possible Combina Tion of the two Amos Keag already owns 40 percent of Raythelon surrendered 5va to the company thursday reported fourth Quad Ter earnings of a share versus a year on the american Stock the Market value Index lost to declines topped advances 516267 among the 930 issues volume totalled compared with the previous week and traded during the same week last oils dominated the amex list Houston Oil minerals was the most Active amex off 1 to Gulf Oil of Canada off 1 to Ranger Oil was off in to Kirby exploration soared 18 to the company called off a merger with Kohlberg Kravis Roberts the company said the value of some of its Oil properties May be Worth More than the National association of securities dealers Nash a Index of oct issues dropped to investors guide by William Doyle i am convinced youre either an internal Revenue service agent or an irs when you write that the irs matches against individual tax returns better than 60 of the forms 1099 people receive from the payment of interest and i can Tell you that the Only time the irs matches form 1099 against a taxpayers return is when that taxpayers return is being and that Doest happen too Stock pulse by United press International copyright 1981 1981 nose composite most actives by volume Stock div Gulf Oil Texas let Socal e Deere Gemot Texaco not up Mol corp mate Tel Sears co vol close earns 40ft 57 42 44 77 15ft be old nose composite largest net changes Stock co Pura Ator Secco Gold Nugget Raythan Sanfo ind Ashl Noi me Sapel Quanni Harco close Cage 57 3 3ft 3 3 41 25 96ft 2 31 2 56ft 2 23ft 2 earns be old amex composite most actives by volume Stock Houston Ranger Oil Gulf cd Pat pet was Asrael dog up wangle Comdr into Champ he Pryslak vol close earns be old 52 20 1 35 s 32 amex composite largest net changes Stock Kleiner co pills Desman Talon Rich dunes hotel Crystalo we lethal up Blora lab a Blora lab b drug far Nail health close Cage earns be old 7 5 51ft 4ft 81 21ft 32 24ft 24 24 4 3ft 34 2 2 2 2ft be Price to earnings ratio vow dividend Viem St Tam in Stock earnings latest 12 unaudited youre right on Only one Point about audits of income tax returns not happening too at last the Reveno oers were auditing taking a Good hard look at and making taxpayers sweat about percent of All Federal income tax the average persons chances of having his or her return audited Are Only approximately 24 out of but youre dead wrong about 1099s be ing matched against income tax returns Only during that matchup is done automatically by the irs computer sys the 60 percent matchup was in 1978 the last year for which figures Are since the Reveno oers have narrowed the i know a number of people including a couple in this newspaper City room who have received notices from the pointing out that income taxes and penal ties Are due on unreported interest Andor in each the Reveno oers computers spotted the unreported about two years we bought 000 Worth of a High yield income Mutu Al fund for our in gift to minors act it is now Worth about More than we about 10 months we did the same thing for our grand with a different High yield in come Mutual that is now Worth about less than we we Are aware that the percent com Mission Load we paid in each Case reduced the initial value of each but my who is a Good assures me these will be Good investments by the time the children Are we will have More grandchildren in the near future and want to make Good invest ments for would investing in savings certificates be More certain and also provide More growth savings certificates covered by Feder Al Agency insurance would definitely be More right they provide More income and no worries about loss in for growth in my bet is that growth Mutual funds will outperform both savings certificates and income Mutual funds Over the Long As in vestments for your you should consider growth Mutual even though your Friendly broker Doest handle them because there is no commission charge take a look at the no Load