European Stars And Stripes (Newspaper) - October 27, 1985, Darmstadt, Hesse                                Sunday october 27, 1985 the stars and stripes Page 19 tax hike predicted by business leaders b the t of  Sertier hot is Kivis. . A resp Cic business group Lus predicted la a lie i s icon him will muddle through the Maun Der of ws5 Nul i Lxi. Will  economic growth amounting " no m  in i Wand ?.5 percent in i9x f. In Hering for us annual  meeting the prestigious business Council  us undated economic forecasts  showed i marked drop in consumer spending for Lii remainder of Chi i year and a Cal thai will keep the Economy from achieving Ilie High growth targets envisioned by the  administration in addition to a drop off in consumer spending. Die group predict Sci a continuing Delerio oration in the Trade sector because of the overvaluation of the Dollar that will Cut into economic growth. The business leaders said  an Over helming majority of their technical eco nomic consultants believe Hal a lax increase is inevitable if the government Hopes to re Duce the spiralling budget deficits Hal have kept interest Rales and the Dollar Al High Levels. Despite the  of continuing growth. The Economy will Mill of acc rough sledding with consumer spending tailing off. Business fixed investment fading compared with 19x5, pockets of severe weakness in areas such As agriculture the group said. The fall  is less optimistic for i"s5 but slight More  Iii for i9k  the group s Spring , i is april the business Council estimated a i percent Rise in the Gross National product the unfilled measure of the value of All i vols and services in i9h.s and a a 2 percent in crease during 19h6.  the revised estimates fall below the Grid with Rale hoped for in the  administration. The business group found no basis for the administration s belief that the econ omy will rebound Al a 4 or 5 percent growth rate in the final half of the i a Ami end up grow ing about 3 percent for the sear. Neither however did the business c Oun cil forecast a recession primarily because the value of the Dollar which has already dropped in value about 15 percent from its record High in february is expected to de Cline an additional 5 to 10 percent in the coming year. Also the group said the deterioration in Trade and . Manufacturing Willand although not immediately. James Robinson chairman of the Ameri can express co., indicated those projections arc at Best tentative. Me said inc technical consultants differed widely in their growth forecasts in 1986 because of uncertainty Over where the Dollar will land. Should the Dollar fail to drop As much As is forecast he said it would displace a Good Deal of growth Hal otherwise would Lake place in the la filed slates and con linux to add to our internal investor s guide by William Doyle. Q. 1-Asl year i bought 100 shares of Stock and instructed the broker to Pur Chase additional shares Wilh my dividends. Now i find that he did not do As i instructed and that $120 of my dividends Are Silling in in account at inc brokerage firm drawing no interest. Also the com Pany whose Stock i own allows Stockhold ers to reinvest dividends at u 5 percent discount so i be missed that Opportunity. C an i gel restitution from the broker age firm a. Given the facts As you state them you should be Able to. Take your Story first to the broker s Bosses at the Branch office where he works and his firm s Home office. If you gel no results you can seek arbitration through the Slock Exchange on which hat Slock is traded or file a complain with the office of con Sumer affairs securities and Exchange commission. 450 fifth St., n.w., Washington . 20549. The so c does not acl As a collection Agency for investors. However brokerage houses usually shape up when Ihal Federal Agency starts asking questions. Based on your Story. That broker and his firm failed to carry Oul the specific instructions you gave to put you Inlo the dividend reinvest men plan of the company in which you bought Slock. The firm should make Good for Hal error of omis Sion by seeing Loil that your is 20 buys As Many shares of Hal Stock As you were entitled to through the dividend reinvest ment plan. Because inc $120 dividend was credited to your account Al he brokerage firm it s obvious your Slock is in Street name meaning your 100 shares arc registered in the brokerage firm s name. Most brokerages won l allow customers with Street name Stock to sign up for dividend reinvestment plans. They claim their computers can t be programmed to handle that chore. That s Hogwash. In can be done with dividend reinvest men plans that have split share  As Many such plans do. All too Many brokers and their firms Don t like dividend reinvestment plans be cause they Don t get commissions on those Aulo malic . If in Lurns Oul that the brokerage firm through which you bought the 100 shares does t permit Street name Stock to be signed up for dividend reinvest men plans you should have been mid of that when you gave the reinvestment instructions. Q. On Del. 6, i9h3, i sold is shares of Slock represented by 13 certificates. Since that Lime i hate received regular quarterly checks for dividends on two shares. The company whose Slock is involved has advised me that a two share certificate is still registered in my name. The brokerage firm Hal sold the Stock for me Stales Hal the 13 certificates were delivered to another securities dealer and Hal somehow the two share certificate this not cancelled. The brokerage firm says they arc sorry i am in this situation bul that nothing can be  what do you to disc me to do a. You could Cash or Deposit i Host dividend checks or simply Lei Ihm pile up. But assuming you want to do inc Correct thing you would be keeping Money that does nol belong to you. Those dividend checks should go to the person who bought the Stock you sold mor than two years ago. Afler your Sale the certificates should have been delivered to the buyer s broker ape firm. Thai firm should have Scal All 13 certificates to the Stock s Transfer agent with instructions to Issue certificates registered in the name of the buyer or the buyer s broker. Lither the buyer s broker or the Transfer a genl goofed on the two share certificate. Something can be done. Your broker should con acl the buyer s broker. That broker should Check things Oul Wilh the Transfer agent and Sec to it Hal things arc squared away. Q. The arrangement allowing a married couple to exclude and nol pay Federal income lax on up to $1,500 of reinvested dividends of qualified Utility companies has been a Bonanza for us. However it s supposed to end after 1985. Is inc govern ment going to renew this lax shelter a. No Way that provision which also allows a 1750 exclusion for individual investors will die Wilh the year.  c in Sumer spending is expected to be decidedly weaker in inc second half of i is  during inc Tuisl half due to a fall off in Aulo sales and spending for durable goods i or i Jan. Consumer spending will be even weaker. Lit Council projected because con Sumers have amassed such a massive debt Hal icy can no longer add to it. Consumer spending has been a very sub Stantial prod to the  said Phillip Lawley. Chairman of Carter Hawley Hale stores. Inc. Which includes 10 major retail divisions ii has experienced a major slow Down because of inc High debt loads Consumers Are carrying. Their ability to add to la t must be described As  another key to the disappointing economic growth of the last year is the widening . International Trade deficit. The disparity Between exports and imports will strengthen Only a Little next  the group said responding slowly of a lower Dol Lar bul the merchandise Trade deficit is still expected to Leach $144 billion in 198fi, meanwhile inflation is expected to kick Back in during Ltd As the it  out finues to decline in value interest  be Likely to Rise in la i As the lateral Kocsi re logins to Clamp Down on glow 111 in i lie in in Only through n Are of the Shari Stock pulse United or International copyright 1vis Friday. October u nose composite Molt Active by volume Stock div pm us St Eastern air Phil pc at to weight b eat re Gnu i soul co nose a Poslock Cap com col pen Comsat is Tiki. Incl Nwa  of Gill Eddy vol Clou earns be old 4,741,600 19 t i 49 130 09 2.b4s.700 28h 3.11 9.0 10 1 2.689,200 2b 1.61 17.0 43 2.1m.oqo 7 001 6080 164 1.910.500 13 3.23 40 77 1,871,300 20 u9 to 60 1.41s.100 42 3.31 110 2 1,342,700 43 � 225 200 4 1 1.19b.ooq 64 1095 60 77 1,018,000 20vi 3 in 60 9? a polite Lare Eit net Calm is close Cage earns be old 190 i 3 j j10 77 1bo u 1 33 of 3". 32/100 4? 28h 2 a 2j1 120 4? ho1- to 7.07 160 27 9j 637 1io 22 48 in 230 710 18 6s n 1. 673 100 39 119 c t 53b 220 74 68 t3.86 180 24 110 4 1 j 6.17 180 amen combo set most ache to by volume s Oak dry Voi c Osc tarns be old him 2.95 sw.600 31. No wild Pic 307.400 Horne Gap 286.400 19 t dome Pilro 233.400 1wangled 163 700 17j Amdall ? 10-4 Kidde 123.200 4� am incl 109,100 4h Bat 10s.boo 3. Wickes 107.200 4 to 13s 0 9 068 150 19 027 160 066 60 36 1 03 4 0 amex co Peilte Larzett Nef Chan vet Stoch close Cage earns be  a 5 t 0 if 174 01 Bueil 30 t 4 i 487 60 20am petrol 50 was pos 1h. T p. Marlin pros 5? 1 a Tec Sam 11 i him Tatnen 8 � i zip Ami 16 a Kicior Lintl a 4.1 i 1 it Var 78 i be Price to earnings Ralio old dividend yield det deficit St yield in Slock earnings Laljeit 12 months in 2 46 20 0 40 bs3 140 08 t 19 90 of 16 0 741 70 is 1 49 29 0 3 w 90 44 udi cd