European Stars And Stripes (Newspaper) - August 9, 1987, Darmstadt, Hesse Pane 20 the stars and stripes sunday August 9,1987 investor s guide by Bill Doyle q. I per hid is. Tram Bond Uii with. Broker a Swift a wife he firm. Ebb month us Bro Konge Odd me True men lilting the Mirit vibe of Ray bands. One Ili Leitert listed the Market nine to s14jh4 i phoned the Bro Ker Baut two Wonlu Uler us asked for wiling Price. He said "$1s,u7." i told him to Jcu and he confirmed that setting Price. An How later the broker Calvd Back Ala i Tad nude mistake and in tithe proc i could get for my bomb was $14,355. When i protested thai was 1792 less thin the Price he had Eon finned to me and even Leaf than the month end Price he uld i was t qualified to gel the printed 1 did not Aell my Bonds. If 1 had Weald i have been full mixed by fraud a. Thai s unlikely. You were however the victim or very poor communications. That broker. Could have spent a few minutes explaining the Workings of he Treasury Bond Market that printed Price he mentioned no double is the Price Bro Doyle Kersage Linns and Banks quote on . Treasury Bond transactions involving ii million or More. Smaller transactions arc counted at Odd when you sell an Odd lot of Treasury securities you gel a Price below the round lot quotation. In your Case the markdown would have calculated out at 5.2 percent. That hefty but not unheard of. The sizes of markdowns and markups on Treasury Odd Lols vary according to Market conditions and the brokerage or Bank with which you Deal. You pay a markup when you buy already issued trea sury Bonds. From your letter it s obvious that the brokerage firm s monthly statements list the Market value of your Bonds based on the round lot value or the same Treasury Bondi. Because you cannot get that Price if you sell that value listing has to be called misleading or worse. Q. Became of the merger of the company for which i worked i am required to hum la All the Stock i acquired through the employee Pur Cuplin. I kill recent to $385,000 and cannot pot it into a rollover individual retirement a Puu to invest Ihbe Money in already issued one two Yew a Treasury note. Do you Haft any suns Tom How do 1 go about Mut a. You can buy Treasury Securi ties that Are already issued and outstanding through almost any brokerage firm or commercial Bank. Also Many savings and loan associations have brokerage Attil than go that Roule 1 Sug Gest you consider buying new Treasury issues. Thai Way you la buy at the Issue Price without brokerage or Bank markups. Two year Treasury Joics Art is sued and sold every month 52 week Treasury Bills every four weeks. You can buy them direct and avoid All charges by submit Ting lenders 10 your District Feder Al Reserve Bank. Business news Market climbs to new highs new York. Dpi a rebound in technology issues powered the Slock mar Ket and lit closely watched indexes to new highs inactive trading la it week. After reaching new highs a week ear Lier the Market spent monday and tues dry in Retreat As a weak Bond Market and rising Oil prices encouraged investors to take profits. The Dow Jones Riidu serial average set a closing High 259 thursday and made its first foray above 2600 Friday but slipped Back before the session ended closing at 2592.00. For the week the Dow climbed 19.93 Points. It rocketed 86,74 the week be fore. Analysts said thai starting midweek a Heady Dollar and diminished concern about inflation and persian Gulf tension led investors to conclude they had Little Choice but to put huge amounts of Cash to work in equities. Broad Market Index extended re curd breaking advances Standard i poor s so Stock Index Rose 4.34 to 323.00 and the new York Stock Exchange composite Index climbed 2.23 to 180.87. The american Slock Exchange s Market value Index Rose 3.03 o 361.06 on thursday it set a High at 361.38, the National association of securities dealers composite Index toppled its pre Vious High of 439.64 Jet March 20 climbing 8.65 to a record 443.58. Tom Gallagher a managing director in charge of capital commitment at Oppenheimer & co., said if nothing happens in the Middle East Over the weekend the Dow could move to 2,640 or 2650. After the Market could experience a decline of 50 to 250 Points on the Dow. Eugene Croni jr., director of technical analysis at Janney Montgomery Scott inc. In Philadelphia said that the mild Ness of Llie Laic Friday afternoon Selling followed the Dew s first excursion through 2600 wa5 positive. But Peroni said investors complacency Aboul the Market s uptrend Means thai trend could be upset by any negative development. We could have a correction involving about 8 percent of the Market s value coming in Here any time Peroni said but this Market has Given very few win Dow of Opportunity to come aboard so it might just pause. On the big Board american electric Power was the most Active nose listed Issue falling to to 26%. Houston Indus tries followed easing 14 to 12w. At to was third climbing a to 34 Stock pulse b a Lund Prthu m 3 78 0 0 88 3.0s8.ioo 33 Oil 2 1,597.00 9/1 2.5m.400 43 2.m0.4w 1mk l,wa.7j 14.h 1.977.900 3 14s3.200 i4h i,u2.h� 2bv am 1,130,600 Shouman at4t Utso Tull qt1cd ism Var tar 2.09 e 0 19.0 is s9.0 0.7 7.m 23.0 2.7. 1 i 14.0. 0.9 371 to s.2 403 160 Wingl Bala 1 eco bin i Wanlyn 01 we 927. Ido 41 mud 17x 0.50.0 hot Law cum chg �41T be Al cd 425 t i i4 30,0 s1� t 4 2.00 260 08 ij5h t Jyh 6.74 200 39n. It 20.93 Iso Slock Sunborn of turd Ford cd Amdahl w4.pom 441.900 is 423,400 1 397,300 4h 090 7.0 dig j27.000 2�� t.7 312100 47h 1.bo j o 08 in ass co .i4 4b.omu Compo ii l i i in Clung i Clou Cuvo a in be a u1 3�"j10.77 0.0 Oam. 3.0 40 2n 1.15 310 18 m7k 1 i too Jio 8.1 2k 2w 130 1.3 41 is apply Mig am us Mack 9011 1 1914 3 a 03. 1-1 so to 2,0 t.49 220 43 6h3io 2 370 08 221 1j air 238 1 Imp 04 a hot k � be prie.u4intlngi nolo my a i no s21 2b.o 05 301 15,0 2.7 by us to Ito clip Impi ii men Lii. Unjmm4. After uie Fec Teril com minion proposed for inter state phone service but eliminating limits on the company s profits. Technology issues were the week s big winners ism jumped 3h to 64%, Digi Tal equip Cal climbed 7 to 170. Cray research added 6 i to ill i Hewlett Packard Rose 5 to 66w, Compaq com Puter jumped 5 to Sovi and National semiconductor jumped w to 14t. The week had its share of takeover news. Manpower jumped 15% to 78. It received an unsolicited 175-a-Sharr Lake Over bid from Blue Arrow pc a Brillh employment services company. Hanson Trust eased 4 to i4tt. Kidde Rose 2vi to 65v. H agreed to be acquired by Hanson industries the . Branch of Hanson Trust pc for j60.10 in Cash plus seven year warrants to buy Hanion shares at $18 each. Singer jumped 611 to 51 i. Mesa limited partnership headed by Texas Oil Man t. Boone Pickens jr., said Friday it controls 4.4 percent of Singer and wants to buy up to 15 percent of the Stamford Conn based corporation. Mesa units closed at 15boeing slipped 1% to 54u after climb ing 5vi a week earlier on reported plans that pickers planned 10 buy More Ian s15 million of Boeing securities. Gerber Slid 4 to 56h after riling 9vi a week earlier on renewed takeover speculation. Among actively traded Blue chips Union Carbide Rose to 2bv4, general electric jumped i to 60h, american express slipped 14 to 364, us fell 1 to 37ja and Eastman Kodak Rose 1 it to 95 i general motors Slid it to 86ft. It announced an incentive program wednes Day to Clear out inventories of 19117 Model cars. The Oil Patch was mixed rallying monday but losing most of those gains As the week wore on. Exxon gained 2vi, ending at 95 to. But Mobil eased Vilo j2tt and Texaco fell 1 a to 45. Overall advancing issues outnumbered losers 1,085-833 among the 2,167 new York Stock enticing i Uci cd Sig ing hands. The number of shares changing hands on the new York Slock Exchange during the week totalled 971,829.650, compared with 922.808,840 a week before. Fund prices from Page 19 1i.z7hl.i.40h.l 14 41 i lt.17n.l 149nl. H13kl. 1047h.l. my. 10.7inl to Una Licul. 7.unl . Ios2hl. O Tep i Tom to an 24hnl13mhl. 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