European Stars And Stripes (Newspaper) - May 18, 1986, Darmstadt, Hesse                                Sunday May 18, 1986 the stars and stripes. Page business hews interest rates cause  York up1 Cheslock mar Ket retreated last week in he face of Ris in interest Rales. Uneasiness Aboul the Economy find nervousness about potential volatility resulting from the expiration Friday of cer Tain May options and Slock Index futures contracts also kept buyers sidelined the Daw Jones Industrial average lost 29.63 Points to finish the week at 1759.80. Trie Market eased monday and times Day rallied wednesday plummeted thursday and dropped again Friday. Jon prov can or Ladenburg thai Tann & co. Said he Market is Likely to remain under pressure. A spectacular Bond Market rally might Imp equity prices at current lev  Grove plan said. Without one the Market s going  the increase in Stock prices in recent months was due predominantly to inter est rate declines Groveman said. He said with interest rates going Back up and corporate comings not improving equity prices have to give. Wayne Nordburg of Prescott Hall & turban said he does not Sec an immediate reversal in the Market s fortunes interest rates will have to Rise to in. Courage the distribution o recently nut Lio Nedjo year Treasury Bonds he said. The Slock Market Wilt continue to react negatively to higher interest rates and higher Oil prices Nordberg predicted. Investor s guide by William Doyle q. Three months go i invested 525,000 in i Mutual fund through a targe brokerage House. I Wos Tolett i would receive dividend checks for approximately she it Only. After to months i Sci cd a statement showing that my dividends were being reinvested. Contacted to broker who said a mistake had been made and would be corrected 90 that i will receive monthly Check Fife Days after that. I received a $187.20 dividend Check for the most re cent 20-Day period i went to see the broker again and he insisted the Mutual fund pays dividends Only quarterly t read him a Section of the fund s prospectus stating if $10,000 or More is in vested the fund will Issue dividend checks monthly quarterly or annually,1 he had his Secretary make a phone Call and then old me i Wilt be gelling monthly dividend checks. In Don t receive monthly checks plus my lost dividend for More than the first month what can i do to get Back my $25,000, wll hotel any penalty 1 Abo feel i Shoutd get interest on the Money for the time since i gave the brokerage firm my , you should take your Gripe first to the manager of that brokerage office. Of you get no satisfaction Contact the office of consumer affairs . Securities and Exchange commission 450 fifth Street . Washington . 20549, where All complaints about Bro Kerages should be directed. Now for the bad news. It s More than doubtful you la get everything you men Tion. The Sec does t act As a collection Agency. And assuming everything gets straightened out you won t lose any  your dividends were reinvested they were used to buy additional shares. So you  own More shares than your $25,000 purchased. And when tie monthly checks Start arriving they ii be for dividends on a larger number of shares you  own. If you want out you la lose the charge on your investment Eitner in the form of a commission at the time of your Purchase or a redemption fee. The Economy is another cause for con Cern analysis  Economy s performance won t validate the arguments of the optimists said Nordberg. He said a i Street s estimates of corporate earnings for companies sensitive to shifts in the Economy Are much of  on the trading floor nocal was the Moil Iii Iii nose Larj itch Issue casing 144 toll i. Mesa Petroleum sold a 12,350,000-Shurc slake in nocal in the second largest Buck Trade Ever on the  York Stock Exchange. Philadelphia electric followed losing Vila is a. Sperry was third unchanged tit 7jw. Burroughs corp said Friday it has begun negotiations in  York with Sperry corp. That Moy Lead to nil increase in its $4.1 billion bid to acquire the rival com Puter maker. Burroughs fell 2ta to 59. _ among actively traded Blue chips. At to fell it to 23. Ism lost 5 to 144v. American express lost 14 to 57w. Allied signal fell if to 4sh, and . St dropped a Jolo Exxon lost 1 4 to 57i. The company said it docs not expect its first Quarter results to be matched later this year. Eastman Kodak added to i7. The company raised its quarterly did and to 63 cents from 55 cents. Avistar dropped i to 9ti. It reported second Quarter operating net of 5 cents a share is 21 cents last year. Eastty Ferguson Rose a to i a it re ported fiscal fourth Quarter income of $3.3 million is. A loss a year ago Viacom Rell 9tt to 62m. New York in Vestor Carl Icahn confirmed he and u group he controls own 16.95 percent of Viacom Icahn said Viacom rejected his bid to acquire u for s75 a share. Inc Seo Oil climbed 1.14 to 5m. Louisi Ana land proposed ii merger with inc co in a Stock Swap storage e air tres dropped 4 w 15?i. Ii said it would Cut its quarterly dividend to 35 cents from 48 cents after the june 16 payout. Overall 1,30b issues posted losses while 656 gained among a Lota of 2.19e issues traded \ the Dow transportation average feel 16.32 to 771.71. The Dow Utility overage lost  to 181.05. Broad Market indicators also re that broker who fouled by your account twice is a real Dunder head but if you Tike that Mutual fund and Are satisfied with its dividends the natural thing to do is keep that investment. A i went 1o � broker intending to invest $75,000 in n Mutual fund i had chosen. On the broker s recommendation 1 put $15,009 in that fund and s15.000 in each of two other funds All managed by different organizations. A Friend insists the broker collected More commission by handling things Tbs nay. Did be a. Yes. "load1 Mutual funds have Quantity discounts meaning the percentage commission charge decreases on larger purchases. Typically the Load is about 6 percent on each $25,000 in vestment and about 4.5 percent on each s75,000 investment. Using these numbers you paid total commission of s4.500 11,500 on each s25.00 investment while you would have paid one commission of j3,750, if you had put the $75,000 into one Mutual fund or a number of Mutual funds managed by the same Organiza . I have about one third of my assets in tour different Mutual funds All within the same family of  ii it unnecessarily risky to have that much of my assets within the lame management group a you have no More risk than if you invested in four funds in different management organizations. Each Mutual fund is a separate organization and has its own investment objective. Some Mutual fund management groups run 20 or More funds. It s convenient to invest in two or More funds within the same manage ment group you can make easy switches from one fund to another with in lire Groop usually bar phone. All your statements and shareholder reports Are similar. Keeping track of your invest ments is much less complicated than when you have your Money spread among Many managers. Kino flit urm column ii Dey Whf cwt  Bui m a Era a wit in rough Jyh Ssmon. Retian Wilt ram in fir a to Sim and a twi Apo mj11, us.  treated. Standard i poor s 500-Jtock Index dropped 5.09 to 232,76. The  York Stock Exchange composite Index my 1.68 to 134.43, big Board volume totalled 621,747,853 shares compared with 626,960,940 a week earlier and 513.000,000 during the same week a year ago. Composite volume for the week wus 744,836,823 shares Down from 754,195,460 a week earlier. The american Stock Exchange Indus cased 1.13 to 271,84. Losers outpaced winners 500-271 among 920 issues traded volume was 62,194,165 shares compared with 59,705,675 last week and 33.935,065 during the same week a year ago. Home shopping led the Macx actives unchanged Al 53w. Wick is followed los ing w to 5 a. Dome Petroleum was third casing Victo i w. Wholesale prices Down for fourth straight month Washington at wholesale prices Down four months straight for he first time in More than two decades dipped 0.6 percent in april As the Bene fits front depressed world Oil prices rippled through the Economy. The decline led by Art 6.4 percent drop in Energy prices came amid indications that the skid May be ending. But the news for april was Good gasoline prices off 10,4 percent Healing Oil costs off 8.7 percent natural Gas prices off 5.6 per cent. More Good news the Commerce department said the lowest mortgage rates of the decade pushed housing starts up 4.1 percent in april the fourth month  construction has been above an an Nual level of 1.9 million units so far this year wholesale prices Over go have fallen Al an annual rate of j 1.1 percent the steepest four month fall re carded since such calculations began in 1941. Noi since the period of december 1962-March 1963 have wholesale prices been off for such a Long period. Gasoline prices fell 21.9 percent in March. Home heating Oil was Down t percent that month and 26.2 percent in february. But analysis gun Era ? predicted thai Oil and gasoline prices would begin slowly inching up in May ending the re Cord run of Price drops As the Peak travel period begins. All the figures were released Friday in the labor deportment s producer Price Index. They Are adjusted to remove sea Sonal factors that Avreet Price behaviour. The Overall april drop is equivalent to a compounded annual decline of 7.2 per Stock pulse Cuni. In other areas of the Economy there were signs of inflation. Food prices inched up 0.1 percent one third of the March increase. Gains were posted for fresh vegetables up 20,9 percent after an 8.7 percent Rise in March and for poultry up 3.6 per cent. Beef and veal prices dipped 3,7 per cent. Egg costs fell 7.8 percent and fresh fruit prices skidded 6.5 percent. Alcoholic beverage prices gained  percent while soft drink costs Rose 0.8 percent. car prices were up 1.6 percent. Light truck costs gained 1.8 percent. The Overall producer Price Inden stood at 286.9 in april meaning that Good that Cost 110 in 1967 Cost s28.69 last month. Tills Overall figure unlike others in the Repolt is not seasonally adjusted. In Advance of Friday s report analyst Donald Ratajczak of Georgia Start University commented Energy has already bottomed out. But t Don t expect the Index to show that until May. The May figures May not be that  discounting the Energy Price declines wholesale prices were up 0,2 percent last  the consumer level prices have been heading up 3 percent to 4 percent this year if food and Energy Cost declines Are discounted senior economist David Wyss of data resources  service in Lexington mass., said since the Good news is Over for food and Energy that s where we expect inflation to return to. 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