European Stars And Stripes (Newspaper) - April 19, 1987, Darmstadt, Hesse Page 20 the stars and stripes sunday april 19,1987 a Laws pertaining to gifts to Ion in All Mem investor s guide by Bill Doyle a Oral he year t Hare Par Chuck Horell for my on in gift to minor act form. Alt Are Al left in a aunt Cut Totton far Hii nne and Crew gift to Mumn and of the Tate if Wuch i kit. I care sets argue to fad i exactly Whit not be done Wati my son become Legal adult. Mint ill the securities then be promptly re Reg Clernt la hit a my atone Are there any exceptions neb is note that matures a few months after or birthday a minors50 Flam and the District or Columbia require Hatalla custodial properly must returned Over to the former minor when he or she reaches the age of major ,. That age varies from 18 to 21, depending on the slate in which you live. To comply with the require ment you should have the Securi ties registration changed from gift to minors act form to the name of the new adult a soon As practical. You arrange Tor that Chang through the Transfer agent for each Security. Some Transfer agents will accept an affidavit from the Custo Dian slating that the minor has attained majority. Others require a copy of a birth certificate or other proof of age. Check with each Transfer agent whose name and address you la find in annual Stock Holder report keeping in mind that the Securi ties have belonged to your son from the minute they were Pur chased in gift to minors act form and assuming you re not to an Monkey business this does i mean the Transfer has to be made on the very Day he becomes an adult. But it should be accomplished within a reasonable Tim Span. In the Case of a note Bond Orother debt Security due to mature within a few months after your so becomes an adult there would be no harm done by waiting far the maturity collecting the Security s redemption value and turning that Money Over to the new adult. A i have $5,000 to invest to Ward my 9-Yewotd Fraad Daugher or s College education Coita. I know nothing about blocks or Bonds and Mem be afraid to boy Ibern. Any investment i make most be risk Ftp. 1 was Lucky to buy $10,000 series be . Savings Bond for an other granddaughter but year be fore the rates went Down. What do you ugent a. Another be Bond. Eve though the guaranteed annual in Terest rate on those Bonds dropped from 7.5 to 6 percent on be Bond issued after october 1986, the pre sent guaranteed rate is a pretty Good Deal. Remember that s a guaranteed ale. If be Bonds Are held for Ai least five years and other interest Raies in the marketplace Are substantially higher yes earn a higher Market based rate you insist that the investment be free from risk. . Savings Bonds meet that requirement. Business news Over interest rates blamed for drop in Stock Market by Alan Krauss twinem writer new York the Stock Market alternately buffeted and supported by fluctuations in the Dollar and fears of rising interest Rales finished lower after a shortened but volatile week. Failing to recuperate from a near 86-Poinl loss Over the first Lwi trading ses Sions the Dow Jones Industrial average fell 62.79 Points on the week. The Dow lost 51.71 monday and 34.09 on tuesday on near record vol Umes. After staging a 29.97-Poinl rally wednesday the Blue Chip average lost 6.96 during the Tatt Naif hour of trading thursday after holding a 15 to 20-Point Advance throughout the Day. _ declining Isu Iea outnumbered and Vancers 1,529-453 among the 2,162 is sues that crossed the nose tape. The Stock Market was heavily influenced by trading in the. Dollar and by investors worries that inflation May re turn resulting in higher interest rates for the first time since die Early 1980s. It was a week that was extraordinarily volatile one that showed the Market was capable of great swings Down As Wellas said Michael Metz of Oppon Heimerich. Stock pulse complacency about falling interest rates and the Dollar was shattered and the Market displayed the kind of volatility that s thrilling on the upside but traumatic on the Downside,1 he said. There s been a real change in psychology now and the Burden is on the bulls to prove them Stevej and other analysts noted that the Long awaited Market correction hat begun. On the big Board Texaco was the most Active nose Jis cd Issue dropping h to Sim. Texaco filed for bankruptcy Protection sunday in an Effort to prevent Pennzoil from seizing its assets during litigation to resolve the companies Dis Pute Over Getty Oil. Pennzoil fell a to 78 but had recovered slightly from steeper buses by the end of the trading week amid Industry speculation that Texaco s bankruptcy fit ing could Force an Early settlement. In past weeks investors had bid Pennzoil in anticipation of a lucrative settlement with Texaco. At to was second on the week s Active list gaining i it to 24h. Before the Market opened wednesday at to re ported its first Quarter net Rose to 40 cents a share from 31 cents a year was third adding 5 to end at 150. The computer giant tuesday reported i fint Quarter earnings fell to is. 30 a share from $1.65 in the same Quarter a year ago. Among other Blue chips Genera to ton gained it to 86�t, general electric fell w to i03 /., Sears lost 1h to Al american express dropped 2vt to 69v�.coca-cola dropped 2 a to 43% and Union Carbide added to 29.media issues fell. Capital cities dropped i3u to 346, Taft broadcasting lost s a to 149k and times Mirror Felt Ohr Pew stuck dwt to co ism a 3.740,0x1 my a Iff a 160 7.4s Euben wig Benti Faro j.w1.4m 15� 2&.0 14 7.100 1 j-1j 7w.boo 40 ojmi440 is Loirro him i Goa 37b.500 3bh 0.11 48.0 of a tax comp a Ling my Neq Wingat a find Cli it set be my 4�� 3� Al n.4bz.d 0.0 cig a Vonan sex i so no 0.7 7, Iso 23 17.39 9.0 1j 33b 7.0 as1 mid Loftt 157s huh 4 4k 157 4k9k -. 4u t77h 3ft3m 3v. 81 h i 9ttn � 3 Blok proud fled Ntim. T50 31,9 2.70 19.0 13 1h1s 17.0 1,7m .0 03 160 1.1 pm 1s.o 11 is 37s 4 1.49 so 1.18a 4 3k Sis in 1.7029.0 1jno t to do ik4 34 t 1 1.m 10.0 1444 t in i Rajjo o j 34 1 1.79 10-0 1� 1 1w 134 a int 1 few Ali Wiki Mil hand prices from Paga 19 by 11mnl 31.lon.l i j . 11.74 . 1581 . Til i. I0.4b n la klan Flor Vul 17mnl Tom 117011.73 Home ia.4 k1sh.l. . . Tel 11 710.75 0 i145n.l Oku of my 14. grow 1�.47 Imam 1101 fid by Ial n a Tefr Tefr s7 do non Ubol Arioul to feb i to Ltd Ca 4 l2 h l cd . 1j4nl Ocman 6.14 join Curt Bic Rhy Bdl hmm 117 174 ibs 10 77 sj4 to in it 71 . 37mnl. A r i2.4b tji4 if sow b7.7 my t to 61ohl.ithllhl 1s4 41 .113471 1. H90n.ubw 7s1 711 a Musil in u.?7 . St Oil ii of n it ibki1m Ti-16 17.14 Kim a Conn i010nl u44ml a ii 14 in 1971 join be7nl.d s -48 2 71 i 7ic onto til on Tepi no cd his Cal Tio to. Gbur Onti Rcw Iovu cd Mem 73 a 0 m4a it Hijji 40 i hi14 a 15 m u1ajcum f com farm Infra 3w iobim177inmm a Bitt 10 hit drug company stocks also suffered. In pharmaceuticals dropped 2 a to 13%. Merck fell 9� to 1 5314, Carter Wal lace lost to to i01v4 and Smith Kline Beekman fell so to 102. Revlon group dropped it to 19%, on monday Macandrews &. Forbes group chairman Ronald Perelman agreed to Purchase the 78 percent of Revlon he does not already own for $20. 10 a Market indexes declined. Stan Dard � poor s 500-Itock Index dropped5.58 to 286.91 and the new York. Stock Exchange composite Index fell 3.13 lo162.59, the number of shares changing Handson the new York Slock Exchange during the week totalled 835,308,180, compare with 889,7 14,200 a week earlier and Forth 719,262,700 shares traded during the same week a year ago. The Dow transportation Index fell 26.27 to 9224.09. The Utility Index slipped 0,2 j to i �2.59. Prices fell in heavy trading on the american Stock Exchange. The american Stock Exchange Index dropped 9.14 to 328.94. Decline out paced advances 597-186 among the 926 issues traded. Volume was 70,982,760 shares compared with 69,906,625 the previous week and 72,166,660 during the same week a year ago. Dome Petroleum led the amex actives gaining 5-16 to 1 3-16. Dome said tuesday that two unidentified Bidden Are competing with tra Ocanada pipe lines offer of to s4 billion for dome s was second off it to Vuk and Wong laboratories class b was third to i or Mios to Funky Asp to 174 he a.7h.l 8jh.limjn.t 11s3nl 10hnu i1�l Bull � 16 Al Chi. It who 149nl 1ihnl.iunl 19b4n.l. 139inl Man n 1811uoj mul r 41 inv Vii id 14 it of own i Gnu Rife e
