European Stars And Stripes (Newspaper) - June 8, 1986, Darmstadt, Hesse                                Sunday junes. 1986 the stars and stripes Page 19 business news Dow hits record High in mixed showing new York Dpi the Lam Jones Industrial average edged up to a new Helph last week but the Slock Market s Overall performance was Misc. The do gained 9.19 Points finishing Friday at an All Lime High of ikk5.90. The Blue Chip barometer s previous High was 1882.j5.sei May 29. The Market reflected investors under fintics about the stale of the Economy and the direction at interest rates. The interest rate Cal her vane was constantly shifting. Market Send Imam Early in the week was thai another discount rate Cut was in the offing. The View shifted by midweek and Many thought rates had butt Mcd. Bui bulls got a second wind thursday when Federal Reserve Board chairman Paul Volcker told .1 House banking com Mittee panel that he had not been hinting at tighter monetary policy when he spoke wednesday of potential inflation problems. On he economic from Llic labor do part mint s re Perl fiday that . Civilian  during May Rose to 7.3 per cent april did link to clarify investors held of vision. The data reflected Wear car Ihan  gains in non farm payrolls. Alfred fun Lyman Market strategist at , Edwards in is. , said the Light volume in which prices weakened Isitt week indicate that the Market is ready to move higher. The Market a Houct make new highs get above Ifor an the Dow and move on to about 1920." he said.  and other analysts however said they believe that Llic Market will soon need another fundamental rating ask for advancing. Insurance stocks were prominent among the week s losers Hurt by news i hat Florida an influential stale in insurance regulation May be ready to pass a Law that i to 116. Travellers fun 4j to i n a. Al him into ,s9iv find Merit in in crr tonal Ruup pave up 4w to 124. United Jersey i Aisiks fell 4. To 42v. Lite Tui a Lily it Daiil ii lans to acquire commercial Banc stares in a  slip valued at about s2hj million.  Disney co jumped 41/. In .si1/., partly in speculation thai it might profitably sell and lease Back in Lipcot Center at traction in Florida Overall 1,212 Kucs posted losses while 714 showed gains it Mon a total of 2,170 issues traded. The Dow transportation average lost 7.9s to 795.3x. The to Utility average added gave up 1.86 to 187.76. Broad Market indicators also retreated. Standard & poor s 500-Stook Index dropped 1.68 to 24557 the new York Stock i change composite ,6fll,j04 a we earlier. The american suck Neh one Inder fell 2.06 to 2ho-54. Luse outpaced Haiti cars 4.15-.uj among 9p2  traded. Volume was f Iio Kos shares compared with 4�,669,ka5 last week and .19,267,655 Dur ing the same week a year . Horn &. Liar dirt led the ame actives rising 4 a to inv during the week in Irbid to As High As i4t i but the comp my said late thursday it had no specific Devedis Perni to announce that would explain tic recent activity in its common Slock except that in believes its Hanover mouse subsidiary is Well positioned to enter the televised Home shopping business. We pcs followed easing h loft Wickis Saio in has agreed to acquire the min Home crawlers warehouse Chain. Lorimar Tel pictures was third. I no investor s guide by William a Doyle q. I in r a Serin he . Sating Bonds ill Dur to mature in iw2. Will i limit to cub these Bonds when they come Iuta a. Right now there s no Way to answer your question. As things now stand you should redeem your Bonds when they a lure. He Bonds have id year maturities and the . Treasury department remains mum on whether or no those Bonds will be granted extended  ail h Bonds the predecessor to has were Given two 10- car extensions. A3 a of cull. Bonds issued before february 1957 reach final maturity in 29 years eight months. Other is reach final maturity in 10 years. Hits have been issued since january 1980. So no ill will reach its stated 10 year maturity until january 1990, that gives the Treasury department several Yean to announce any decision about extending Mil Naiu Rivies. There s a tremendously Large amount of deferred interest out there in is and has. As the is reach final maturity the irs tales that deferred interest. And if has Are not granted emended maturities the Revyn oors will Start collect ing lanes on deferred interest in 990. Q. I bought ii Serin be is. Siv in Bonds list november. These Bonds have silted maturity of 10 Yean. Extended maturities of up to 40 it a hire brai Rion to some old sri e Bondi. In t it reasonable to assume to unix thing will happen in the Caw of be Bonds Kyj hut i will be Able to defer Ledent income us on he interest accruing on Ray sea until after i retire ant will be in much lower income Tock pulse by Mhd 10114frkttv, Jim i it Nye Cwirn. My tvs Velum Mioc i vol Clou earm be mro Erl 2jn.no he t 1.11 130 do Rowan  �  i,,4� n   find 1.T.7w h  at to in.4 i Psi  a Sill  1 m 14.0 Cir Var i.om.1ixi 34 my ,.i.wj.bo  Hyse in thu i he tort Clouch m enl be  l.?m-4i 3" 31 -s7 1,0 iu1 1s.11  101 3 1" a set a  11.0 794 a 7.0 .0 1014 of i .41 23.0 1 lax bracket a. Don t count on Ihal happening. The Treasury Dupar Lmont has mails no promises about granting extended maturities Lees. Lots of Long term e Bond holders i pc led extended maturities to go 0 1 and on. They had a rude Awakening in 1979 when the Blumenthal Blunder sunburned be cause w. Michael Blumenthal was Treasury Secretary at that time smashed their Hopes of postponing tax on e Bond interest until their retirement years. Q. The Bank it which i asked Don t seem to have up to Date information on the 19 is. Freedom shares i own and can t Lell me when they will mature or what Init Rel Ibey arc accruing. Can you a. Freedom shares the nickname for . Savings note were issued from May 1961 through october 1970. They were sold in combination with e Bonds of the same or larger denomination. Originally issued with maturities of four years six months pc com shares were Given two 10-year extended maturities. So each of yours comes due 24 years six months after its Issue Date. The earliest Freedom shares reach final maturity in november 1991. Like e and be bunds. Freedom shares accumulate annual Intro so of at least 7.5 percent. Better yet they will build up inter est at the variable and so far higher rate if held for five years past nov. I 1982, or their firs semiannual interest accrual Date past nov. 1, 1987. Don s redeem them until then. King frftur1 Carutt nifty of vie crc0mtl of  at i 1-0 Ocks ,. In in to 1.5 Fin scion 14 in to Shacora Olier t my i  be Ota to Roll virtual memory management in Central functions in Honey Well s Nowc mini Calm rulers. Bigger arms budget Means More taxes Domenici says Washington president Reagan s military buildup stands no Chance of survival unless he White House goes along with a lat increase next year says the chairman of the Senate budget committee. Sen. Pete v. Domenici. . Delivered his message Friday to White House chief of staff Donald t. Regan budget director James c. Miller 111, and adm. John Punu extor the president s National Security adviser at a closed door meeting on Capitol Hill on the fiscal 1987 budget. To gave them my assessment that defense would gel clobbered again without new lanes because Congress won t make More Domestic cuts to reach a required deficit target of $144 billion said Domenici. Senate negotiators arc fighting for More military spending than approved in the House but Domenici said i told them saw no Chance of getting that without additional revenues.11 the House and Senate have each up proved spending plans and budget writers Are seeking a Compromise. The largest Dif Ference is in military spending where the Senate approved 130 i billion and the House s2s5 billion. Reagan in february requested $320 billion for he Pentagon. To bolster military spending the Senate budget includes ji0.7 billion in new taxes. Dominici said he assured the president s aides that the lax increase and the military increase would be tied together to the maximum extent possible in this place but time was of the Essensa. I told them i m not waiting around Tun or three weeks on this Domenici told re porters adding that he expected some response from the White House this week. A White House official who spoke on condition of anonymity called the Capitol Hill meeting an Opportunity to hear the chairman out and said the officials would discuss Domenici s Point the House Senate conference committee has been meeting since late last month but few of even the minor disagreements have Bun settled. House budget committee chairman William h. Gray Iii d-pa., said he was allowing the talks to go slowly to give do Menici Lime to Settle things with the White House. Gray chairman of the conference Reite rated the House position that democrats can t accept he political fallout of support ing a Las increase opposed by Reagan