European Stars And Stripes (Newspaper) - July 26, 1987, Darmstadt, Hesse Page 20 the stars and stripes sunday Juty 26,1987 investor s guide by Bill Doyle q. My husband mid i nettle a Small Iwu Lon from enthral. Redeposit the checks which we in English pounds in our bulk Norm dirt am in the urged Stettn. The Dollar in want credited oaf a count from tick oat Check bid Beta Rii a tally u the nine of the Pound Rose in relation the Dollar. But he Tut time we deposited Ore of who exec Ltd there we nuked dec revue in the number of dollars credited our account de Iplie the fact that the Pound s value was still increasing. When i asked Glosl ibis a told the Manger of the Hank May set any Exchange rite he wishes and the Rule buy be quite different from i hit quoted in newspaper for eign Exchange tables. We find Nur Elres at the Bank manager s him. Is this permissible a. I la have give you a qualified yes an then an explanation. First you should understand that you won get the Exchange Doyle Rales quoted in newspapers. Foreign Exchange table quotations arc for transactions of $ i million More. When you Deal in smaller amounts you gel fewer currency units in your Case less dollars credited your account for the pounds in the Check. In theory the manager whoever else determines the for eign currency Exchange Rales at your Bank can set whatever rate she she chooses. No government Agency other regulatory Bod can Tell the Bank what Exchange Rale set. However the Competition does come into play. Each Bank generally exchanges foreign currency at rates similar those of other Banks. But if your present Bank exchanges your pounds at a Distad damaged rate you Tan always move your account elsewhere. You would be Wise inquire at a num Ber of Banks learn their Pound for Dollar Exchange Rales. Q. Id pries at Gold is posted daily and is widely known. Bat there b a difference in Price be tsre.1 rates coins such so american Eagle Canadian Maple Leaf and the Smith african Krager Rand ill of Holch contain one Troy ounce of Gold. Should All Loose coins be Worth the same a. Technically yes they should. But Supply demand and popularity come into play. When it first became available last november the american Eagle traded Al a Large Premium Price Over other Gold coins because the Eagle was in Short Supply. As More and More eagles have been minted that Premium has Nar rowed. The Canadian Maple Leaf is in Good Supply but is not As popular with . Coin collectors As the Eagle. Krugerrand a no longer can be imported this country and you might expect thai Supply Cut off 10 Send the Price up. It has not because so Many people disapprove of South Africa s racial poli cies. Among one ounce Gold coins the american Eagle commands the highest Price the Krugerrand the lowest. Business news stocks fall from record Levels by Ellen fee such uple Mineu writer new York the Slock Market backed Down from record Heights last week a it lifted a mixture of weak Bonds a Low Dollar falling Oil prices favourable corporate earnings and persian Gulf tension and came up with a recipe for profit taking. The Dow Jones Industrial average which on july 17 scored its first close above 2500, fell 24.71 10 2485.33. The Dow fell 22.32 monday and 19.77 tuesday before posting Small gains of 2.23 and 1.76 Points respectively on wednesday and thursday. Mildly encouraged by that performance the Market opened higher Fri Day and the Dow Rote 13.39 Points. The Dow transportation Index fun eled in part by an increase in crude Oil prices advanced 5.40 la close the week at a record High of 1052.42. With the Market at record highs profit taking dominated most of the week. But the Market s build up As the weekend approached promised renewed buying for the coming week according Monte Gordon of Dreyfus corp. The reality of .-Flaggcd Kuwait vessels in he persian Gulf seemed alarm investors less than the Prospect. The Tokyo Slock Market turned higher after several tic up declines. Stock pulse h in Miu no auth comp Meta Matt anti a by a Dunn Stock div Buist scum co Niy Lonh its comport Hull at cml Yokim unc lib wll co Faith a at1t lot Clou Eim be 1h 3,889.600 16s i 204 80 1.9 3,493.400 24 3.11 80 1.018.800 s3 3.si 150 1.9 10 he 4.0 5.1 0.4s 200 2.13 22.0 e.3 1.419.300 11 i 1.757,400 of 1.h3.mo1.to4.600 i.m3.400 3377.800 4� 445.300 3ih $30,400 ibs, in 283.000 2sh 277.400 30ne.ua i2� 233,400 211 i3b.400 is 47k 23w 1.4j5.wo 30 39 dm250 1.9 0.14 zto.0 3.9 has co mum a i lbs it fam 401h 2k 20.9 17.d 3.kj 27 0 524 l�0 7.28 in i m 14.34 11.0 14.m 28.0 Slink in melt we Kaitim an Wingle out can i Edh lib i a 1 Allbro Hont Strup Ami can oof Liml a Buck a Arm Uewl Gatt xxx 116 32% is a mini a rapt a pm Faicol pm rub a Mutl vol of on i a o. 330iai of 7.0 1 m 13 0 0.4 036 42 d 09 cum in g. Peirni pc 93% 1"at no 01 i be 21 o 0.7 10.90 90 40 291 Iso 0.7100 34 in 17 a 149k 114 53k 1h 1 1� p � pnc�--tntjob4tio of 950ijfi 20,0 will ii Moulti timing. some japanese Money May Ramie into our Market gain recension fears can be tet Aiida. And there is no significant risk of inflation change in Federal Reserve monetary policy Gordon did. Overall declining issues outnumbered advancing issues 1,293-646 among the 2,180 new York Slock Exchange issues changing hands. Jarrett said the Dow will vacillate Between 2.150 and 2600 for a six eight week period. On the trading floor pan am was the most Active nose listed Issue slipping i 4vi, Cincinnati Gas & electric followed falling 1m 2$ a 115 a 731 13 so 14,15 a it 9.t4it a m b4 4b 11 h l. 139 19.21 50 03 . 35 31jb m 19 v 3fl m n l. 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