European Stars And Stripes (Newspaper) - August 17, 1986, Darmstadt, Hesse                                Sunday August 17, 1986 the stars and stripes investor s guide by William a. Doyle q. My husband twin 1,600 stuns of Stock in the company for which he worked. He bought the Stock u put of his retirement pint us retired id 1972. Hij mock now is Worth by 576,000 at $47 to shirt ind Pys dividends of $2 16 per Yew. Since we Are both in Dor lilt 6q i would it be Best to sell Thi Sitock and put the Money in certificate of Dep hit7 we hire Snell Donl other income. Ilow or. If we don1 sell the Stock the Only thing we will mlle from it will be the dividend. We Hare no children us what we lean Rill be in oar to state for the person or persons who inherit it we know we will Hare to pay Capi Tal gain tax if we sell a. Because you re in the Happy situation of not being strapped for Cash my vote would be to hold off Selling. That Stock s current yield an Nual dividend divided by Market Price is Only 3,7 percent. Sure you could get higher income by putting the Money in cd even after toe capital Gams tax bite. However the Nock you named in your letter is counted As a High Quality Blue Chip and has a Long record of gradually increasing dividends. Its dividend pay out has More than doubled since your Hus band retired. That provides Protection against inflation. If that Stock does As Well in the future As it has in recent years your dividend income will in crease and the Stock s value will Rise. 1 go along with your thought about realizing As much As pos sible from investments before leaving this Vale of tears. If you want to use some of the Money now tied up in that Stock for some thing that appeals to you by All Means sell some of the shares. But my advice would be to Sellno More than 100 or 200 shares at a time As the need for Money or just Plain desire to do some spend ing arises. If you want to part with some of that Stock to pay for something such As a luxury Acac Tion do it. I hold to the theory that retirees should spend what they have while still breathing this Earth s air whether they have children or not. Q. I am comte lauds opening an account with the discount broker age Selce of a local Bank. Can that brokerage handle my Tresl Kents in the tame efficient manner leading full service brokerage Lima Toffi the str race be compare we7 a. Discount brokerages charge lower commissions than full serv ice firms. Most discounters Are very efficient in handling buy and sell orders and some other serv ices. But they usually Don j pro vide the investment research recommendations and personal touch the full service firms do. You la never know if you will be Happy with a discounter until you do some business there com plaints come to this Comer All the time about both full service and discount brokerage firms. Cd King of to i syn Nau Paga 19 business news British airways places big order for 747-400s Seattle up the Boeing co. Has received an order from British air ways for up to 28 Long Range 747-400 jumbo jets in what could be he largest single Purchase in commercial aviation history. The potentially $4.1 billion Deal pushes Boeing s confirmed commercial aircraft orders to $15.2 billion for 1936, surpassing last year s record $14.9 Bil lion. The 747-400, the newest version of Boeing s four engine jumbo Jet is scheduled for delivery in 1988 and is projected to have a Range of about 8,000 Miles opening up new routes to International carriers such As British airways. British airways placed a firm order for 16 of the planes Worth $2.3 billion and look options on 12 More which would bring the total value of the Deal to$4.1 billion if exercised. The largest single firm order in com Mercial aviation history remains Boe ing s $3.1 billion Deal with United air lines in november 1985. In March Boeing announced an order from Singa pore airlines for 14 747-400s with of Lions for sin More that could push the total value of thai Purchase to s3.3 Bil lion. Along wish ils greater Range the 747 400 offers greater fuel efficiency and operating efficiency with he need for Only a two member cockpit Crew. The 747-400 is very efficient and Long Range said William Whitlow an analyst Lor Dain hos world who follows Boeing. Airlines that compete with one another have to have comparable equip ment. There is motivation for other air lines to have this plane if they have the same routes. I m sure there Are More or Ders out  the British airways 747-400$ will be powered by Rolls Royce engines. In London Rolls Royce said u expects the engines for the Basic 16-plane order along with spare engines and spare pans will generate j900 million of Revenue to the company Over the planes i Ives. Our Success in this extremely Toug Competition ensures the communion of our Long association with British air ways said Ralph Robins managing director of Rolls Royce. Whitlow said British airways Deci Sion to buy the american plane is n blow to the european based Airbus industries consortium. Airbus which has had Success with two wide body jets smaller than Boeing s 747 models has proposed building a four engine jetliner hat could compete with the 747. The British order comes during what has been a remarkable 12 months for Boeing s commercial air plane division. With the bulk of the company s 1985orders coming during the last Quarter of the year Boeing has received orders for about $26 billion Worth of air planes Dur ing the past 12 months. Peru s credit Cut off by if Washington up the inter National monetary fund has declared Peru ineligible to borrow because of overdue payments effectively denying the country further Bank credit from any source. It was the lint such action against a South american country. Peru owes $705 million to the if and $14 billion to commercial Banks in the United Stales and elsewhere and is seriously in arrears on payments to All creditors. This decision was taken in Light of Peru s overdue financial obligations to the fund a Brief if statement said. Sources within the International Finan Cial Community told United press inter National the if executive Board regretted that it was forced to take the drastic  but it considered a cutoff unavoidable they said because of Peru s deteriorating financial situation and the Decla ration of its president Alan Garcia that it would pay on ils International debts Only amounts representing 10 percent of its Export earnings. Peru made a $35 million payment to the if last week the first such pay ment in Over a year but it is still $160 million in arrears. Sources within the financial Community said Peru despite notification of the cutoff has assured the if it will main Tain a dialogue with he International lending institution and has been urged by the Board to catch up with its payments and regain its International credit rating As soon As possible Peru s foreign reserves arc understood to be declining As the country is forced to use them to import food. Stringent Price controls disrupted the country s Norma distribution mechanisms while foreign demand Fot Peru s Copper and other Mineral exports has been Slack exacerbating the internal economic problems. 5-Day Advance raises Dow to 1855 new York up the Bull mar Ket in stocks celebrated its fourth anniversary last week with a five Day and Vance that sent the Dow Jones Industrial average up almost 73 Points to 1855.60 at Friday s close. The Dow Utility Index jumped 7.24 to end the week at a record 111,24. Big three industries was the most Active nose listed Issue advancing 4vi to 2b a after l air liquid agreed to acquire it for $29 a share. Ism followed climbing 3h. To i35 a and at to was third sliding to 23w. Stock pulse among Oil issues Mobil jumped 2% to35w, Exxon climbed 2tt to 65. Atlantic Richfield advanced 4 to 56ft and Chevron added 3tt to 43. Insurance issues responded to Hopes for lower interest rates with some of the week s Best gains. American International croup climbed but to How. Chubb jumped 7h to 77 and Greico added tit to101ft. Among other rate sensitive Finan Cial issues . Morgan added 5w to94 a Merrill Lynch added 2 to 37tt and american express Rose 214 to 53w. Niagara Mohawk Rose 1h to 24, mid dle South utilities climbed it to 13m and Huttt Eek to Niu Ommart fun vows by imm ,,1ih aim cup met mom act ovum a of Era  T 4 Imjoo 24 i  .0 b.7 Ewton Olav Mhz our 2.743,800 ii of Tujko s7117,900 30 17 1,100 a i.8s8.000 3v� 1.7s4.soo 42v 1.454,800 1h 1.3h.400 a  0101.t2 22.0 22 7.m �.0 u3.24 11.0 u s.41.0 17.0  Stock do Dora Twig a ugly Batch mod pm com Eim  Ltd 541.700 1 343,40033s.900 Lori util aim Tift so. In 171,000 6k2u.900 24h 330.300 tt112400 a 1m.800147.mo 0.35 99.0 1.2 0 9.0 3.3 0.11 41.0 of 30.0 0.2 3% in a 13 1.75 10 13.0 Nymoen Rialti Lam a i of oat cd Peirni be the Stock a Dunn Ami comp film Lurenl Jmc Tiwon Eist  Yew 24k 4k s ob2 30.0 02 30 i 73 sum tidy Al Llu kled i9k30k 149x1ss 214 2h2h i3 14.0 2.75.8 4.11 22.0 u 381 8.0 4.93 30.0 2.1 4.17 1s.o 1.3 27 Jyh 110 3,4 i by �,0 my 130 t 4 11.45 11.0 0.4 s9k t 1h 1-88 3s.o 0.7 27k t 1%ibs 1h 098 i6.0 16h t i1 2,03 6-0 1,9 Ahin Friar 2� t is 0.83 35.0 f lu9 27si in 1j4 23.0 2,2lxmp 26� 1 0,46 55.0 of cd Cove lift i  nor i a Ltd h to it i timing f int 1 my us Troat Commonwealth Edison advanced Ink to 33ft. Lbs added 11% to 145 i. Gencora jumped 8 4 to 74v. Automates reported higher Industry wide sales in Early August although Gen eral motors sales fell. Pm added i to 70v4, Ford jumped 4vt to s9 and Chrys Ler added 2wio39v4. Anheuser Busch Rose 2 a to sch. In pharmaceuticals gained 12h to 30v. Upjohn Rose 7tt to 90% and Merck advanced 81/. Tolls1/. Overall 1,594 issues posted gains while 411 showed losses among he 2,168 issues traded. The Dow transportation average jumped 43.12 to 756.00. Standard & poor s Soo Stock Index Rose 10,27 to 247.15 and the new Yor Stock Exchange composite Index Rose 5.81 to 142.22. Big Board volume totalled 661,042.840 shares compared with 639,279.710 a week earlier and 417,434,180 during the same week a year ago. Composite volume for he week was786,866,210 shares compared with 756,862,790 a week earlier. The american Stock Exchange Index jumped 6.50 to 271.40, advances out paced declines 497-280 among the 918 issues traded. Volume was 49,797,895shares, compared with 53,032,645 the previous week and 37,415,875 during the same week a year ago. Wicks Ted the attic actives losing /