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Delaware r info decals Gres charge Delch f of or Tif a r be t of Usa r 18 it t Del f r the Wall Street cheering up about Washington news by Chet Currier a business writer new York in contrast to their usual grumpiness about doings in the United states Wall Streeter seem to like a lot of the news Treyve been hear ing from Washington the most conspicuous item was the senates passage Early Friday of a Mea sure designed to shrink the govern ment budget deficit by Means of Bil lion in spending though the plan still faces a potentially Rocky Road in the House of represent it got an enthusiastic response from both the Stock and Bond but some other developments that commanded less attention also have perked up spirits in the investment word has surfaced that president Ronald tax Reform proposal is expected Lon term capital gains a provision from the tax code that dear to broker or Federal officials Are talking about margin quire ments the mini num a bin pay men t required when investors buy Stock on the minimum margin requirement has stood at 50 percent for More than a dec a lower level would presumably at tract venturesome investors into the Stock Market in greater these last two possibilities Are of relatively Little concern to investing institutions like pension which Are not subject to taxes and do not use such institutions now account for Well Over half of All trading in the As John technical analyst at Dean Witter Reynolds a might be inclined to say who cares to the possibility of a lowering of the minimum mar Gin we believe there May be More than meets the Eye in this he once upon a time the fed utilized the margin requirement As a key Means of expressing its from 1947 through the Central Bank lowered the minimum margin level nine on each Mendelson the action did not immediately touch off a Market in stocks posted subsequent de Clines ranging from percent in 1971 to percent in but after that the Market rallied each scoring gains of percent to As much As the news from and an accompanying decline in interest helped the Stock Market Bounce Back from some Earl May Selling in the past the Dow Jones average of 30 industrials Rose to the new York Stock Exchange Compo site Index gained to a record High of and the american Stock Exchange Market value Index was up at big Board volume averaged Mil lion shares a up from million the week the markets Washington watch promises to continue in the weeks Paul chairman of the Federal suggested this past week that the Central Bank had not taken any Steps of late to relax its credit at the same he hinted that a change of strategy could come after the policy setting Federal open Market com Mittee meets on May the House of representatives will begin work on its plan for the Federal budget in the coming according to opposition House speaker Thomas Oneill d the Bull Market that began on Wall Street More than years ago lately has been showing some signs of but analysts say a combination of a More stimulative credit policy and solid signs of Prog Ress toward narrowing the deficit might Well restore it to Youthful Arco was the most Active nys listed slipping to adding Mobil was falling to it said it May sell billion of its assets in the next two to three and announced plans to spin off its Montgomery Ward investors guide Stock by William press International can you Supply information on 1985 called Penny latest one May 10 have heard of sounds composite most actives by volume Stock div vol close earns be old enticing the lure for a Quick Buck fits Penny stocks to a most Eckard j 22 ism stocks produce profits for their promoters and losses for the people who buy up 5 trans a nil Semlon 11 in years gone the Moniker Penny Stock was applied to any Stock 43 fed tit 17 or Gnu s 51 80 43 offered for Sale below a 34 has raised that number to composite largest net changes almost All Penny stocks Are outright speculations if you close Cage earns be old Texas inst 3 s digital ept 3 about the Only Way to make Money on a Penny Stock is to buy it when it is first 71 Taft Bdl Eckard j 22 on the Market Ana sell if 3 you might come out 83 2 Harcourt 2 newspapers have carried Many 2 about Shady dealings and outright fraud in Penny if you have Money you Al Nail 2 amex composite most actives by volume Stock vol close earns be old afford to lose and want to s Penny stocks a just cd 14 wangle youre playing against a stacked deck dig have Long Odds against 12 Texas air 15 1 82 8 0 we paid for some Stock into years the company was merged into a larger corporation last year and we Petro Amdahl 14 astr tech Iva a Check for our composite largest net changes amount of tax will we have to pay on close Cage earns be old you had a profit 199 6 i allege up it difference Between the you paid mater 21va 1 the you received for that info 13a matrix 1 because you owned the Stock for exp was l than a you report that profit As air was 19 a att e 1v4 Lon term capital 95 Ivi Only 40 percent of a Lon term capital gain is subject to Federal income Cap 9 1310 be Price to earnings ratio old dividend yield youll add 40 percent of deficit to your taxable income and pay whatever income tax Yod in Stock earnings latest 12 unaudited