European Stars And Stripes (Newspaper) - September 28, 1986, Darmstadt, Hesse                                Sunday september 28, 1986 the stars and stripes y h investor s guide q. You advised a Reader whose savings and loan association said it could not provide a signature Gua Rantee for the Transfer of Stock to obtain that guarantee from a com Mercial Bank. As vice president of a so that disturbed me. Also a few months ago a Transfer agent refused to accept a Signa Ture Guaran tee our institution provided. I have enclosed a writ ten opinion Doyle from the Federal Home loan Bank Board s office of general counsel. Will you please cover its pertinent parts to educate both the Public and Transfer agents on this subject a. In summary it says in the opinion of the Fol by s lop Law cars. Federally chartered a is do Lave the authority to provide Sig nature guarantees. However that s an opinion an docs nut Force Transfer agents to accept signature guarantees from is. Transfer agents cancel Stock certificates presented for Transfer and Issue new certificates in new owners names. For years Transfer agents have accepted signature guarantee from brokerage firm members of the new York Slock Exchange commercial Banks and Trust companies All of which have filed Sig nature guarantee cards with trans Fer agents and provide financial guarantees. Some Transfer agents accept Sig nature guarantees from a is. Sav Ings Hanks and credit unions especially if they have working relationships. Most Don t and can t be made to do so. The deregulation of the Bank ing  which really includes a is has blurred the distinction Between Banks and , we re stuck with the mixed up signature guarantee situation. The Stock Transfer association is attempting to straighten things out with a proposal called Signa  when thai Long delayed program becomes operational All depository institutions will be a Leto provide signature guarantees acceptable to All Transfer agents. Q. What would be the Best place to put Money in Case we have a depression again so that the Money would be Safe after the depression when the government and Banks re cover a. If you re All thai concerned put your Money into . Treasury Bills notes and Bonds. The .Treasury has never defaulted on any of its securities. If you have some wild idea in will you might As Well dig a Hole climb in wit your Money and pull the Hole in after you. Bank savings and loan association and credit Union accounts covered by Federal Deposit insurance have to be counted As Safe As Treasury so curlies. Put your Wor Ries about depression aside and Stop  have a Hunch you be been Reading or listening to the words of some prophets of doom who gel Rich predicting the financial worlds about to collapse. That s just not going to happen. Page 19 business news King Fea Luies columnist Doyle welcomes win inn questions. Hut to can provide answers Only into gun me column you can Wal loj a of olins slats and slopes. Apo 09211. Us forces prices cautiously Edge higher in trend less volatile Market new York up the Slock mar Ket edged higher last week but buyers remained cautious As worries about the Economy s ability to produce stronger corporate profits plagued investors still shaken by the Market s Cpl. 11-12 drop. The Dow Jones Industrial average finished at 1769.69. Up 7.04 Points for the week. The Dow has recouped less than11 Points since its 141,03-Point plummet during the week ended sept. 12. Advancing issues outnumbered losers1. 133-798 among the 2,167 issues traded. Stock prices managed a feeble bounced ring the first three Days of the week before losing nearly All their gains thurs Day when the Dow dropped 34.73points. In Choppy trading Friday the Dow Rose 1.13. Last week s trading featured scattered bargain Hunting and and of Quarter port Folio adjustments. Otherwise a couple of disappointing corporate news developments and takeover and restructuring situations both real and speculative garnered the spotlight. Sydney Dorr vice president in equity trading at Janancy Montgomery Scott in Philadelphia said the Market could experience wide swings in the next several weeks. People want to Sec How this Economy picks up and what a orcs out of Congress Small specially stores replace 1-Stop shopping new York a american shop pers arc abandoning the big everything under one roof department stores i favor of smaller shops specializing in one Type of merchandise and offering More convenience. The closing of Gimbels one of the nation s Pioneer department stores shows a growing Shin away from supermarket like stores that catered to everyone but found they were pleasing few. The Outlook for the conventional department store is one of fairly grim  says Kurt Barnard a retail Consul Tant. They won t disappear but the will become less and less important in the  while 1985 department store sales in creased by Only 4 percent Over the pre Vious year specially store sales grew by approximately 12 percent he says explaining that the number of specially stores also grew dramatically during that period. Gimbels which had been holding final clearance sales for weeks and closed sat urday decided to shut its doors after years of dwindling revenues. It Marks the end of the legendary rivalry with Macy s. Ohrbach s will shut its flagship Man Hattan Branch in february and Alexan Der s will leave its prime location near Bloomingdale s next year. Price May be the draw of the discount ers but the convenience and service of specially stores Are especially attractively working people. It s time consuming logo downtown to shop in a department store when you can find any specially store you could want directly outside your office  Barnard says. Monroe Grec Stcin a retail analyst for Bear. Stearns & co. Inc., blames the department store closings on manage ment mistakes High overhead and fail ure to adjust to customers changing needs. Profits from land sales provide a added temptation to get out of business arc Enslein said. Earlier this month Gimbels sold it two Manhattan stores and a Queens warehouse for More than si50  buyers plan to operate retail space on the lower floors of both stores converting the rest of one building to office space and replacing another store with a residential Tower. Am Cna corp. The owner of Ohr Bach s. Will Covert the 10-Story building to offices and Small stores. Alexander sinc. Plans to redevelop its property As commercial space. Gaining a larger part of general Mer Chandise sales arc newer chains such As Benetton and labels for less. Some department stores arc fighting Back cutting out furniture and other unprofitable durable goods and concentrating Only on clothes said Grec Stcin. Grec Stcin says Macy s and Bloomingdale s have been winning the depart ment store Battle with techniques similar to those of their specially rivals music videos Flash the latest looks the smell of David s cookies fills the air and con Sumers can shop in a collection of de signer boutiques including Calvin Klein Missoni Sonia Rykiel and Yves St. Lau rent. Stock pulse by United Presa International c198 Friday seplemor2, 1986 nose comp Oelta Moat a Uvee by volume Stock div vol close earns be Borg warn Hel inc Gap Hewitt p us up Lucky Allds s am motors scaled Glyco ism 5.451.800 3.550.200 2.668.700 2.392.300 2257.200 2.231.500 2.171.700 1.699.200 1. 133.300 1.100.000 34v,to 37v, 23v, 35v, 61 3 33v, 23% 135v, s 245 140 190 200 1 08 22 0 1 42 250 402 150 327 100 1053 130 nose composite largest net change Slock Cloce Cage earns be Gilco an disc Cray rest hoi Dyce a Ponn Jol a gilled pm s Rrue Nal Matsue Amot p2 37 Tel Edyne 23 r. 70 76 105v, 61 4 89v, 45v. 107 26 4v, 4 3v, 3v, 3v. 2v. 2v. � 2s is 37 51 0 343 220 old 29 06 51 68 24 32 old 2 4 009 8830 36 401 190 1 94 23 0 630 170 2736 120 15 07 Amei composite most actives by volume Slock div vol close earns be spectrum 567.600 12v. S 079 160 Vertu Len 542.900 12 Wickes Bat am into Home shop s Home Gap eco bin wangle Horn had 519.200 4 030 140 480.200 85-16 066 10.0 251.200 5v, 249.800 42 238.100 19v. 208.200 21 175.40 7 12 160.600 16. 044 950 007 283.0 035 370 old 1.7 30 06 12 Amei composite largest 4 101 2 15v, i 18v,. /.tv., 13 a 24v.a 17 s 245 1b.o 322 130 039 399 203 90 141 290 083 17.0 079 310 078 24.0 03 12 14 24 33 02 be Price to earnings ratio old dividend yield det Delict Atli yield in Slock a Manga latest 12 Montha unaudited Al dividend on  Dorr said. The Market is Iron Dloss volatile an lacking in conviction said Charles Comer Market analyst at Oppenheimer co. On the trading floor us was the most Active nose Lis cd Issue lulling i to 23% after it said monday n was weigh ing restructuring alternatives the Stock Rose 5 a week earlier on rumours that several Well known financiers were accumulating its Stock. At to followed falling i to 22commonwealth Edison was third Cas ing %to32 a. Hewlett Packard fell 71/ to 37 v the company said thursday that shipments of its new business minicomputers will be delayed until mid-1987. Ryan Homes shot up 8% to 49v a Homes made a $45-a-Sharc Lender offer for Ryan. On the american Stock Exchange n v Homes climbed i a to 11v prices ended narrowly higher in mod Erate trading on the american Slock Exchange. The american Slock Exchange Index Rose 2.86 to 261.98. Advances edged out declines 379-378 among the 915 issues traded. Volume was44.139.680 shares compared with 54,774,845 last week and 23.562. During the same week a year ago use friends in Job Hunt Survey says Philadelphia up people looking for work have a belter Chance of Landing n Job with the help of friends an associates than by relying on want ads. A Survey of nearly 300 managers shows. Most managers say they look for new employees by contacting friends rela Tives and colleagues and use want ads Only As a last resort according to a recent Survey by the administrative manage ment society in Philadelphia. A Large portion of the managers we surveyed do their candidate searches in formally ams spokesman Joseph my Kendrick said. It s the old familiarity theory wherein you meet someone who knows some one that you know you re More inclined to Trust them he said. Managers also expect Job candidates to be Well prepared and articulate during interviews Mckindrick said. The biggest no no would be to be  he said. The one thing that bugs managers the most is candidate s inability to express  the one exception to that Rule. My Kendrick noted applies to Job Candi dates for highly technical jobs. Nearly 60percent of information systems computer managers told the ams their biggest Peeve with Job candidates is Lacott of knowledge or experience not poor communications skills. The management association surveyed292 financial administrative and technical managers in a variety of types an sizes of companies and published the re sults in its september october edition of management world Magazine. Mckindrick said the implications for Job Hunters Are Clear. Work on your communications , enthusiasm and motivation arc rated pretty highly. To get to the interview we find net working is the Best Way he said