European Stars And Stripes (Newspaper) - April 28, 1985, Darmstadt, Hesse                                Page 20 the stars and stripes april i fund new York destiny Bas Val Natl Telesh Dean prices on dvrs in England or bal in funds in shr april exit so bid Burh fam eel Sharp invest Cap Gro Bonds Mutl cd 13 so Gen by sex and Glennie cd Dis Lamees Gro inc la exl of and 10 Goth Gro of shr Hui g get Abt family sex into in g erg g inc my Muni Genf growth be Mut Star inc Sec inc cent and inv uni in or pro Bond group Acorn cd Sel cd future St tax Alliance Obi Var cd Ami h1g r bal aim his yield r Dom for Grall into bos r r All mtg Resh r aim Tec cd Stock cd r chem f qty Roe funds surver me cd Alpha cd spec and am bid shr spa pm St Ute and yield corp by r grow in end apr to Gwla exch f b inc r and am cd get Sec St feb inv growth to cd f Sll Harar f Sec Glt i yield into Gas Hrzan inv Muni b extra o t c 971 trails inc z Pace cd to cd am group prot inc inc in Ven fur yield 18 tax his Amer funds to 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cd grow inc pm income into cd 5 Vank ins Ink Coy venture advisers inc Piny Ven ref by Decatur Delch f Tif a 745 of Usa v Home r Hrom or Mutton of Sec pref St income 745 real is funds a ppr and Val glob of f Well Seq is Trad 1148 Del f Delta t r eng r or tax be yield Cal Mun 1457 charge Dit cd r r by a inc 845 Mun  Dit cd Sec 8jj2 Mun my record setting indexes worry Wall pundits new York a two of the Stock markets Broad indexes recently hit record and Wall Street hardly the new Levels set by the Meas the new York Stock Exchange composite Index and Standard and poors 500 Stock composite Only seemed to give Market watchers Mote cause for con Why because two indexes do not a rally and some analysts were Quick to say that because the rest of the markets Statis tical guideposts failed to perform As Strong something is the Progress was limited and said Ralph vice president of Mose Estabrook and Weeden in until All the measuring tools Start moving in concert like they did in the rally will be shallow and Lim and so it appeared this past for a the Market was Able to score an Advance one Day without immediately giving it Back in the following but the gains were relatively modest and variously one Day it was the Blue then the then insurance and other interest rate and then defensive issues such As All of this gave a surface appearance of strength but the undertones Are not con firming asserted Charles technical analyst for ski securities in new this he makes the Market suspect and puts it in a vulnerable the economic fundamentals that affect Stock prices Are confusing recently Money Market interest rates were ostensibly a positive development for stocks because the lower rates mean lower yields on Bonds and other fixed income investments thereby giving re turns on stocks a competitive but some Wall Streeter immediately viewed the lower rates As a symptom of a weak Economy getting and with the first Quarter earnings of Many Compa Nies already showing the negative effects of a sluggish the Prospect of a fur investors guide by James Doyle for the past 10 i have kept most of my Money in certificates of de when i obtained my first i told the Bank manager i needed the interest to live she advised me to open a savings account and have my cd interest automatically transferred to that percent from which i could withdraw it a new Bank Teller told me i dont need the savings she said i can leave the cd interest in the earn ing High and withdraw it at any didst i lose a lot of Money under the old arrangement i have another cd at a different can i withdraw the interest from the cd at any time you might or might not have lost interest under your old be fore federally insured Banks and savings and loan associations were prohibited from compounding interest on the then popular 182day Money mar Ket Back twas Wise to move the interest from those cd to a savings a where it earned More there was a major step in the deregulation of Banks and on october among other the new rules allow compounding of interest on All assuming interest now is compounded on your cd issued on and after october whether or not you can withdraw interest from the cd you have at the second Bank depends on that Banks each Bank and can set its own policy on c features ther economic slowing did not Bode Well for second Quarter results there was speculation that the weak Economy and the decline in rates would prompt the Federal Reserve to relax its monetary or at least that the fed would respond to the decline in Money Market rates by reducing its own discount rate that charged on its Loans to Finan Cial institutions from the present 8 per that did not and to further complicate interest rates began moving Back up this past the Bond in rallying on the expectation that the fed perhaps would Cut the discount seems to have Jensen now the direction of interest rates and the Economy is up in the the clouded Outlook was reflected in prices this past the Dow Jones aver age of 30 industrials lost Points but still managed to climb Points for the week to the nose composite having reached a record High on closed at up on the but american Stock Exchange Market value Index lost to big Board volume averaged million shares a against million the pre Vious Bloch said there Are Many investors who think interest rates will resume a downward course because of the Economys Les than robust but the Market is really having a problem deciding whether to look at interest rates or lower second half earn in the he the broader Stock Market is lacking the kind of leadership you must have in order to fuel some thing very big specifically the leadership of International business machines and general two of the markets most widely held Blue both stocks fell sharply on Friday without ism and pm at least participating forget leading any rally Here is Choppy and Bloch until this gets this is an out gear Stock pulse United press International copyright 1985 april 26 nose composite most Stock div vol nocal will co Gemot Texaco forum x Aetna of travors Mobil Eastern air Crown Ell actives by volume close earns be old 46 s 27 39 44 30 1010 41 nose Stock intercom Gritl Kentl Crown Ell Olmem will co Gmills Gemot Storero lbs composite largest net changes close Cage earns be old 70 50 41 2 50 2 53 2 77 2va amex composite most Stock div vol wangle Western dig Rooney pee Gulf cd i Strum sys Bat Bergen dome Petro Dyn Lect cont Airl actives by volume close earns be old 17 2v4 15 1 10 amex composite largest net changes Stock close Cage earns be old lakes Virginia into 64 2 Insl Ron 24 Medlar 85 1 Alamillo 95 Mav few 34 1 Marshall 16 Rockov 1 156 Trynz Only 15 Telor 181 be pret to ratio old dividend yield def deficit St fwd in latest 12 unaudited 05