European Stars And Stripes (Newspaper) - May 3, 1987, Darmstadt, Hesse Page 20 the stars and stripes sunday may3,1987 investor s guide to Bill Doyle o. Of most Days Mure ban 100million shares of Stock Are sold on the new York stack Exchange. Some Days it s More hum 200 null Hom. Who buys ill Hurt Stock opt Dally on by when tar Mark takes a Lait drop a an old Wall Street expression goes there s a buyer for every if you sell 100 shares of sleek it s Likely thai one person or institution will be the buyer. Bui when a Large number of shares a big Block it involved there often arc two or More sell ers or buyers. Nonetheless there Al ways arc buy ers in the Doyle marketplace. Some like you Are individual investors. Others Are institutions such As Bank Trust departments pension funds Mutual funds and insurance companies. Institutional investors and traders account for More than 75 per Centof ail Stock Market transaction. When share prices on a Stock Exchange Are tumbling specialists often Are big buyers. A specialist is an Exchange member whose chores include maintaining a fair and orderly Market insofar As reasonably practical in stocks assigned to him. Every Stock traded on the new York Slock Exchange the Ameri can Slock Exchange and the regional Slock exchanges around the country has a specialist. A specialist is supposed to buy and sell for his own Ace uni when there is a disparity Between Supply and demand if x Byz Stock closed yesterday at $25 a share and a today s opening the highest Price anyone is willing to pay is say $23, the specialist in that Slock is supposed buy any shares put up for Sale and pay a reasonable once $24 or thereabouts q. I ban just be Ion id pay Atten Tion to Ibe Hock nuke and 1 Donot understand wh1 Points mean in dollars and Cento. For instance Stock i Hare been hatching was noted in the paper at "42" about three month to. Today it la at is i bought 100 shares at42, How Moth Woom i have started with and How much would i get by Selling at s0i? a. Of Back to basics. In stocks a Point is one Dollar. The fractions Are parts of a Dollar. The smallest fraction usually is one eighth Al though very Low priced Slock Sirade in sixteenths and even thirty seconds. In your example you Wouldhave paid $4,200 plus brokerage commission when you bought and received $5,062,50 minus broker age commission when you sold. It should be noted in Bond Trad ing a Point is i percent of face value. Because most marketable Bonds come in $1,000 minimum face value denominations a Point in a Bond is 110. A Bond quoted at "99" is Worth $990 per 11,000 face value in the marketplace. Q. How do i find out where lobby stocks at $2 a share a. By contacting a number of brokerage firms until you find one handling Penny stocks Slock trading below $5 a share. Many brokerages refuse to touch Penny stocks because the vast majority of Sulci issues Are Little More than a crips shoot. Business news Active Stock Market advances following Small monday loss new York up the Slock mar Ket advanced last week in Active nervous trading. The Dow Jones Industrial average rose45.0310 close at 22 80.40. After a Small loss on monday the Dow finished in the plus column tues Day setting the stage for double digit gains wednesday and thursday. But the three Day rally stalled Friday in the Wake of Bank prime rate cuts with inc Dow slipping about 6 Points. Advancing issues outpaced decliners 1,070-865 among the 2.139 issues that crossed the nose ape. Broad Market indexes Rose. Standard & poor s 500-Stock Index climbed 6.51 to 2 88.03 and the new York Stock Exchange composite Index Rose 3.27 to 162.64. The number of shares changing Handson the new York Stock Exchange during the week totalled 919,562,670. Compared with 866,100,000 a week earlier and with 692,560,130 shares traded during the same week a year ago. The Dow transportation Index Rose 2.98 to 916.45. The Utility Index added 2.7 7 to 202.10. Participants said the Market got a psychological lift As the Dollar strengthened against foreign currencies and Bond prices rebounded. Bond prices climbed thursday when Federal Reserve Board chairman Paul Volcker acknowledged that the fed had lightened monetary policy slightly above he said would prevent More dras tic imerese Rale hikes. The Dollar Drew support from Volcker s assertion that it absolutely and fundamentally has fallen far enough and from conciliatory statements emanating from meetings Between japanese prime minister Yasuhiro Nakasone and presi Dent Reagan. On the big Board Standard Oil was the most Active nose listed Issue rising Ivi to i. Texaco followed climbing 3vi to 35. Ism was third jumping Sti to 160v,. Pennzoil Rose 6ft to s2tt. British Petroleum climbed 6vi to 66. Digital equipment advanced Ichi to 172 a nor added 6% to 75 and Uniss Rase s a loll 8%. Ford motor co. Was the week s big earnings Story. Its Slock jumped 13ft to 98 after reporting the company record first Quarter earnings that exceeded Wall Stock pulse by Una Tel Pratt Arm comport jul at. To Hose con not mom acs or Rohim slow Kew cd com Eirron be in nose comport. Mod add a Notum do tuck no qty Arafan my ism Quad of Fly of ova Emu it Tel . 400 32 i 3.70 90 67 3,160.400 74 3.8 2,794900 34 3.4i7.ioo 9�2,345.000 1m% j.033.wo 01% Stock t u1 or a cml Prtrt loom Mekvl ofert Volck Reimi pc As a t 550 618.200 3h o.j8 120 515,300 7 478,100 1 .1.m1.4w 14ji 2.13 lt.0 it 1s.m 1.0 3.1 7.40 2.7 7.31 13 h 4.1one 41.0 4.0 Cdr tour Amir that hum had -. -421,400 33l#x 17v, m 309.wh 40k 203,600 bkfts.400 12ti 1.t9 1 .0 eau to mud foam lost Lull Iii Cri Fuji 18,00 24h 0.14 1720 5.0 1.55s-boo 3514 17829.0 1,328,20 36 4.44 1.0 27 Cion Chi e. Ewnin a m 330 8 h2.si 27.0 0.1 9b t 7 Hub 0.0 3.17 i of 0.73 37.0 0.3 113 t 3f a 3ft "2v. T 31, is 2 Stock fort cd soft Fol set Ord Crown it Pool 21bo it 1219 t 2ft 8b3 1 .0 1.6 1.c7 44-0 2 5-84 12.092.3 233 14 4.84 39.0 1.1 30 34,0 Isi t1e Duld up t Fri woo or a e Pete the Rel null Ratta do Meek St of hopi i u�nt13n Norm i nilxll1d 0.0 48.0 0.78 11-0 "3 Cjohn ovum be Tulit i i f 8-00 240 8.5 30. 3d 3.83 10.0 14 to 0.3 369 12,0 Bufi 23.0 31.0 16s44 2k 194 t 1 i /. Is 17 � 1h in 47 1h 0.7. 0.49 mj3 149 310 0.37 31.0 Street s most optimistic estimates. Pm gained us to 91 and Chrysler added 2y to 39w. Among other Blue chips Union car bide Rose 2� to 29ft, Jeneral electric eased i to 102ft and american express added 2vi to 58chemical issues advanced. Ray chem jumped 17% to 113. Imperial chemical climbed 7 i to 90. Among mining stocks Sunshine min ing fell i to 7to and Newmont Gold fell 6�to9lt stocks of japanese multinationals Rose. Matsushita electric climbed 9k to113v., Honda added Ottlo 90ft and Hitachi jumped 5 /4 to6s /. Prices were mixed in moderate trading on the american Stock Exchange. The american Slock Exchange Market value Index Rose 3,37 to 325.17. Losers led gainers 425-361 among the 929 issues traded. Volume was 62,737,445 hares compared with 66,902,680 the previous week and 36,444,450 during the lame week a year ago. Wang laboratories class b led the amex actives rising i to 1714. Home shopping was second climbing % to l6 i Conquest exploration was third unchanged at s a. Mutual assets Mark decline new York. Up assets of Money Market Mutual funds fell 1523.5 million to $238.27 billion in the latest week the Washington based investment company Institute reported. Two of the three categories declined assets of broker dealer funds fell $1.04 billion to 1106.02 billion and assets of institutional funds fell $341,6 million to s64.98 billion while assets of general purpose funds Rose $860.9 million to $67726 billion. The Donoghue organization hauls Ion mass., said the average seven Day yields on Money Market funds slipped last week to 5.51 percent from 5.52 30-Day yields Rose to 5,48 percent from 5.46 percent. Fund prices Kam pm into or tit Iron Colo t fat tie u tie us time tie urn t to t nth tie by Tjie 31 04 no. 1900 1175 1490 is w 1477 Lii a 1.s8 u0911.74 976 7.09 7 lot the 7.97 7.11 7s7 7.b1 bit 7.47 Sun do Lex i org 0 m via Kcf Mun spa Coo f 4 Bibbo r spa Hon an h Elf sir 9 7010 � wui1k 20.01 21.06 12.71 13.3b 1479 153 19 79 iu1 i3.72nl 17j1 14. 14.43 . Tim 1bunl i137nl 8.70 no 14.dg 16 34 b20nlfun Antt ? 94 aug h .91 in vol 1 84 n Lac Vii 9.09 b9inu� m . 1bmnl. 9.81 no 11jqn.l 10 32 my. Loki. 1b. 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