European Stars And Stripes (Newspaper) - June 15, 1986, Darmstadt, Hesse Sunday. June 15. 1986 the stars and stripes Page 19 i a bbb bbb stocks rally but finish week at loss new York up the mock mar Ki-1 lost ground list neck i investors assessed the Outlook for the Economy and Inui Wresl rates. Tht1 div Jones Indusi Riat average which open Rel the week with o record drop and t Lusod h Ivich a Sharp Advance loss 11.71 Points Overall finishing Fri Day at 1874. Is the Dow plunged 45,75 Points Mon Day Hurt by tin View thai interest rates had bottomed and that a pickup in eco nomic activity was not imminent futures Rda cd sell programs Trig gered by the negative turn in sentiment exacerbated the losses. On Friday a different tune took hold a 0.6 percent drop in May Industrial production and a Rise in business inventories combined with the disappointing report on retail sales released thursday convinced Many investors that the fed eral Reserve Board will have to encourage lower Short term interest rates to stimulate economic growth. Stocks Fol Lowed the Bond Market sharply higher and the Dow gained 36 Points. Futures re talc arbitrage again played a part but this time it contributed to gains in the Middle of inc week the Market languished in lacklustre trading. On a weekly basis he Stock Market did t do very much said Charles Comer of Oppon Heimur & co. Comer said he does not expect the Stock Market to move decisively this Stock pulse nose Stock Orv usf1g Dit Edil san Del vhf Nizni s1�nv 1 Migaj Salomon at to Ehu by in two pint ill Loiaco Frau in. Jurw13,1�h cup cml Mil a Tiwi by volum Vocu 4 Erni be old 2.0b9.300 6 8 2d60.ioo Ibl 12,33 7,0 103 2 34h 1b1,200 23k 2,231.500 4j5i 1.734.300 in i.j6e.300 1.0s9.300 49u ms4.ioo 24 1 431. Coo Klov 351 100 89 300 Flo 19 384 12 0 35 269 70 118 8.52 too in 4 10 120 13 1 63 80 4 b lib 610 42 Nobe can Oxhill Birgitt n t Chingta Lodi Clouch it no a T Amiol 129 in s 5.37 240 03 Erburu 78 of e,?9 14.0 13 till 58 a 4k 460 110 / 317 10 0 cull. 118v, 4s 3,25 37.0 is Arm 69v, � 4i 4.1o 160 m Minckl 9bw 4 4.00 to in Asih 8914. 3v. 4.jj 10.0 2 Cinqui 243k 3i 27 0 0.1 6h � 31, 2. I week but anticipates trading will be Vola tile approaching the june 20 expiration Dale for stud Index futures options on inc indexes and options on individual stocks. Such uncertainties As the mexican debt situation and the lax Bill arc Likely to further Muddy the water. Comer said. Next week will probably be one of the most volatile weeks you re going to Sec in a Long time Peter furnish of Ufi re Burnham Lambert said Friday he said As Money managers prepare to close their books for the second Quarter they Are aware thai they will look better to their customers if Slock prices arc High. Al the end of the Quarter it is not advantageous for professional Money managers to sell stocks furn is said. On inc trading floor. Detroit Edison was inc most Active nose Lis cd Issue falling Vij to 16v,. Pacific Gas & electric followed losing it to 21 i. At to was third dropping a to 2-1v4. Phila Dophia electric added v to 10. Pennsylvania s divided Public Utility commission thursday moved a step closer to granting inc company the larg est rate increase in that state s history to pay for the Limerick unil no. I nuclear reactor. No industries added a 10 1.1 a. It extended a self Lender offer until june 25 in order to assess the Impact of the Ducic rior Alion of ils Petroleum service Busi Ness. Aroix com poll to i activate by Bojum Sukk ctr Vot Clota Fortl pc Kyj Wrt o1. 1111 970 0ml Lra 74b.ido 1 to Inird 738.100 13 i 3b. 600 9h Lwi Nui til 421.300 29 u 099 30 0 Chulchi a 407.100 i Amimel 406,700 by 0 34 34 0 Bat 380, 600 5 13-16 066 to 31 to Tidi 379, boo a. By Ign 33b.800 2j s 164 150 13. 170 i 9 Sll Clouch Al. Pm. Vuk Hon shop 71% 5 i Chin Auw b3h. Re �503 170 it Paul 171 414 691 240 07 6214 jux 0 18 2320 Bilo Anui hi1,-, do 180 Olla Bovi 3 0 j . 56h. 211 269 210 10 b Nora 49k. 2% 102 120 16 31 4 2v, 2 34 13 0 32p.ii 43v, .2 143 3so d9 Prica fold dividen0,1 a fun in y hid in Tod Imine limit 12 own thu. U Fruehaf jumped 7 to 45 to an investor group headed by Asher b. Edelman announced wednesday that it intends to commence ii t44-a-Iliare tender offer for All outstanding common shares of Frue Hau corp Amr corp. Lost 2v, to 521/. Ils chair Man told securities analysts wednesday american airlines average Revenue per mile flown remained Low and an expected surge in summer traffic is not developing. Among naively traded Blue chips. Ism cased 10 ii. Eastman Kodak dropped Ito 60vj. . Steel lost a to Tot and american express eased i to h i. Overall i.2i2 issues posted losses while s12 should gains among a Tola of 2,264 issues traded. The Dow transportation average fell 8.88 to 786.50. The Dow Utility average weakened 0.07 to 187.69. Broad Market indicators Rose slightly. Standard & poor s 500-Stock Index edged up 0.05 to 245.73. The new York Slock Exchange composite Index added 0,02 to 141.00. Big Board volume Lola cd 6 6.009.901 shares compared with 574,181.870 a week earlier and 487,749,413 during the same week a year ago. Composite volume for the week was 726.642,151 shares compared wild 677,479,490 a week earlier. The american Slock Exchange Index fell 2.09 10 282.63. Losers outpaced gain ers 405-346 among 817 issues traded. Volume was 6&.244.qso shares com pared with 58.110.885 the previous week and 32.907,230 during the same week a year ago. . Experts Eye changes in China s business climate peking . Commercial officers concerned about deficiencies in China s investment climate have pro posed a Model joint venture company to show How problems with bureaucracy under productive labor and foreign is change could be overcome. In a series of reports prepared last month on doing business in China he . Embassy in peking concluded that China s open Dyjor is being allowed to swing mostly in one direction out the embassy said. The reason that foreign investment has not rushed into China is that the investment climate in China while much improved in the past seven years still age far behind the in vestment climates of its neighbouring China must open its Domestic Market allow foreign investors to repatriate prof its and standardize and simplify taxation and contract procedures before More for eign companies will be willing to invest concluded the reports made available to the associated press. One major problem for foreign investors is remitting profits made in China s a convertible Renmin i currency. Some companies that insist on receiving for eign Exchange for locally made goods have found government restrictions on foreign Exchange spending have kept Domestic buyers away. The Model joint venture concept Cre ated by commercial officers Ai the embassy and executives of electric corp., proposes conditions for a successful joint venture including free Dom 10 hire and fire workers and to pro vide employee incentives. It would have Access to the Domestic Market and be free from communist parly interference. Limits on profit repatriation would be minimal and contract negotiations would be concluded within three non is with the chinese negotiator having Complete authority to approve the terms. The Model joint venture would re quire modern communications equip ment and Assurance of " equate Energy supplies and transportation for raw materials and finished products. The plan has reportedly been shown 10 vice premiers i Peng and Yao Yilin the reports said Many foreign investors Are losing Money in China and some Are considering pulling out. Office space and labor costs have risen As much As 60 percent to 70 percent in recent months in what one of the reports called Short run profit squeezing tac foreign investors have complained about contract cancellations inconsistent taxation and unproductive workers. Investor s guide by William a Doyle o. If i hate a certificate of Deposit no federally insured Bank or saving and loan Sod Atlon and the Bank or Sil goes broke How Long will 1 a to wait for my Money of tire is talk list it might take up to a or for he Federal Deposit insurance corp. Or the Federal savings & loan insurance corp to pay off a thai i pm go whistle for my interest from la Date the Bank or i a was declared insolvent. next time you hear that kind of Loose talk ask for an example of even one instance in which it was True. In reply you la draw a Blank. There has been no such Case. When a Bank or so gels into such bad financial shape thai in goes belly up Federal and or state Regula tors usually attempt to have the fal a merged into a sound Bank or so under the same terms As before if your cd and or other federally insured deposits arc Ai a Bank Odic pays off Pronto. So does Hilie at Federal insureds a both agencies have a Mcmeni records of making All insured deposits a we to customers within a week s Lime often the very Day after a Bank or so goes bust. The one Kernel of truth in that talk you hear Dis that you would have to go whistle for your tote jT"1 chef Dale the Bank or Sal is declared insolvent. Accrual of interest ceases on All accounts including cd at the time a Bank or so is closed. You gel the Money you put into your cd and All interest the cd earned up to the Day of the Bank closing. But you Don t earn any interest pail that Date. In must be stressed thai whistling for inter?1 Hap pens Only when a Bank or so has 10 be Cost a and liquidated. It does not apply when a failed Bank or so is merged Inlo another institution. Q. 1 received a bulletin from the Stock brokerage firm with which i do business Al Nunu that up to �100,000 can be deposited in Erich of 16 Bank and savings and loan associations and that All the Money up to si.6 Mil lion in this example Wilt be covered by Federal depos it insurance. Can ills be True my previous understanding was that the Odic and or folic protect my deposits Only up to a total of $100,000, regardless of How Many institutions i spread ills Over a. It s True. Your previous understanding was incur Recei. Odic and folic covers each depositor at each insured Bank or so up to j 100.000. If you re loaded you can Deposit s100,000 Imo each of As Many federally insured institutions As you can find and All your Money will be protected by Odic and or folic. Your brokerage firm has a Dep Oil brokerage operation through which in sends customers Money to Banks and a is around the country. Many brokerage houses have similar arrangements. Q. You explained that it is Poti Ilc to twee More Tuut �100,000 Odic or folic insurance at the same Hank or savings and loan association by having one account in the husband s name one in the wife s name one in joint names one in the husband s name in Trust for the wife and another in the wife s name in nut for the husband. Each account is counted Ai a separate Depoi ilor and is insured for �100,000 total of 5500,000. You also wrote add children other relative and Friend to the depositor mix and the coverage goes on and this seems contrary to literature from my Sal which slates if the beneficiary of a Trust account is other than a spouse child or grandchild of the owner the funds in that account Ore added to any other individual accounts of the owner and insured Only to a total of si00,000." which statement is Correct yours or the so a a. Both. You cannot obtain an extra 1100,000 of insurance coverage on a Trust account unless your spouse child or grandchild is beneficiary. Bui you can open joint accounts with other relatives and or friends and each of those accounts will be insured by Odic or folic for $100,000. C 1986 King of Turai Coho Wii Dov of of com win que Tononi Toji i a provide Mimi of nov too tuft tha to hymn. You a write to him in in of to suit Vul . Ato Sal 11. for i
