European Stars And Stripes (Newspaper) - November 15, 1987, Darmstadt, Hesse Page 20 the stars and stripes sunday. November 15,1987 investor s guide by Bill Doyle q. Four years go 1 forested $82,000 in unit investment if isl which holds municipal Bonds sinn then i Hurt received monthly tax free dividends amounting to about 10 percent annual. However the value of my investment has fallen about 10 per cent. With inter est Rales it Odily Ris ing the out look for Bond and Anil trusts holding hem is not too Doyle Bright. Should 1 Mil Bow or Wilt for interest rates to of hand the value of my investment to appreciate a i can t answer that question with anything approaching certainty for the simple reason that i am not clairvoyant. You re asking me if interest rates Are going to rail or Rise. Asha been repeatedly stressed in his column no one can predict that. A unit investment Trust such As you have is somewhat Simitar to a municipal Bond Mutual fund. Each holds an investment portfolio of municipal Bonds which pay inter test not subject to Federal income tax. Both pass that Money along to shareholder As dividends also free from Federal income tax. The Mutual fund s portfolio is managed meaning Bonds Are bought and sold with reasonable frequency. The unit investment rust s portfolio is fined and changes Only under unusual circumstances. However at Bonds the unit in vestment Trust holds mature or Are called for Early redemption the Trust receives the redemption values of those Bonds. That Money also is passed on to shareholders technically unit holders. After All the Bonds Are re deemed the Trust is dissolved. By that time you will have received Back the original value of the units you Bough As your share of the Bonds redemption. Assuming you re satisfied with thai income and arc in no Rush to recoup your investment my advice is 10 stay with that unit in vestment Trust. Q. If 1 boy a one year certificate of Deposit issued by a Bank or or Ings and loan association 1 get a no bar Low yield these Day because interest rates Haw fallen. However if i invest in a unit in vestment test holding municipal Bonds i can get higher yield As ranch As 1 percentage Point higher and it s exempt from Federal in come lax. Can you explain Ihu coat dido by situation to me a. There could be one or two reasons. The municipal Bonds hid by the unit investment Trust might be of relatively Low Quality. The lower the rating on a Bond the higher interest it must pay to attract investors. Although Many unit investment trusts hold highly rated municipal Bonds often guaranteed by Pri vate insurers for payment of inter est and principal some of those trusts hold lower rated Bonds. That s something you should Check out before pulling Money into a unt investment Trust. The other and More Likely Rea son is thai the Bonds held by the Trust won t mature for quite a number of Yean. The longer the maturity the Jagher the interest. Busing Ess news deficit talks overshadow Market new York up1 Stock prices fell Friday in moderate trading As Wall Street s widespread concern Over a Cicil Rcd Clion lacks in Washington overshadowed the week s Trio of encouraging eco nomic reports. The Dow Jones Industrial average which jumped 61.01 thursday fell 25.20 to 1935.01. The Dow fell is coins in the final 30 minutes of trading. For the week the Blue Chip barometer fell 24.04 Points. Broad Market indexes also declined. The new York Slock Exchange Index fell 1.28 to 137.60. Standard & poor s 500 Stock Index dropped 2.88 to 245,64. The Price of an average share dropped 29 cents. Declining issues outpaced advances 907-685 among the 1,996 issues Board volume totalled 174,920,000 shares compared with 206,280,000traded thursday. The Dow had been Down about 20 Points most of the morning and Early afternoon before a midday spurt Stock pulse by Tom anti 511987 Trtol Holm or 13 Nyu con Patti mom Johnw or Jotun a prod a mfg it Cora de sum Olkein att a cd Weimin be by 1i.e9b.boo 131. J09bud by j.j30.bm 24k 228 11.0 b.3 4.81 id leg 1 36 150 1.1 s02 Iso Soi no 753 100 30l.u 180 100 0.47 600 4,1 2.72b.kx1 43h i�l6.o00 Zoh 1721.900 71 1,452.700 4d 1,443.800 i21h 1.423,100 1.2 7.400 a a Hirst Compo Khi unit a i Cut Nam set Clow pkg. Euni be fir int it tin 1.5 a flubs 73 6� 5.02 15.0 Mafdi its 4 6.19 Iso 1.3 lbs 173v,4w 17.29 100 1.7 Tok 81s 31i 220 0.7 cunp9 � 31k 3�1 i d ii Raj Ctm 119 3 7.11 110 m3"3 uie 21.0 at 3-v/. 2v. 1.30 17.0 4.7 it n9y, 214 4.43 2.b fund prices from Page 19 Ftp Fly not co o on land smart info 784 b35 isj7i80i9b9 1040 s4jnl. A 7.573m 1u 91080 Tot 1247 my id 4s 7.08 no ii74nl 2�nl 11 Ion l 924nl 1209nl m tjt13 09 Al Tinl 14 41 i 1421 no 1049nl 10 29 i 116skl i4uhl 14 21 my 1� s5w1. Hs3nl. 11 it m i 870kl 10 14 �. Ios4nl id 07 n i Owhi i049nl id 49 in tilsit 914 m s74 a tin 130can Bali 17 51 i i on n 11 till 77 Mitt to my tie it t Tietie fan Onul Iscom but 1 13 12.11 653 h Jib lit 7.47 714 7.7.8 7 7177 7.47 j 52 790 7.1b i76 7 10 Fil 7s7 7 is 757 7.31 7.87 9.40 973 894 77b 5h 923eat us 7 it 7h 8m 714 897 733 11711214 of fit to Rel St go. 84710js ii97iu711 mum 3inl 107811.78 Tiaa so to 9117 Haj or i mum aft & 72 aft inc 98084 arc 27 n 79 Ulm Vul 44 a 17 79 it 73 14 mis 43 15201800 1460 1747 Tuul i co won 0 m my of in Sukk r Plum Sam r lilt is b9 12i9kl 1657nl 14d3nl 11491l 1177 no i099nl i 14 my iu4hln Libni. Trimmed he loss to about 10 Points be fore the sell off in the final 30 minutes. There was a Little buying in the afternoon said John Burnett senior vice president at Donaldson Lufkin & Jen Rutte. It s been a Liaw and Dull Day with people waiting for Tome intelligent com ments from Washington on what s going to be done on the budget and Trade Burnett said there was a lot of Fence sitting As congressional and while House negotiators continued to wrestle with ways to reduce the twin deficits. But barring any Earth shaking political Bur Nett said he was inclined to predict a pick up in the Market Bert however we Are dealing in a very Uncertain environment be added. The Market opened after the release of two key economic reports both More favourable than expected. The labor department said the producer Price Index inflation at the wholesale level fell 0.2 percent in october. Analysts had expected a 0.3 percent increase. Clock Bat Edo Hon lord time a1i4 a he Lens i or troja 1 pal Tom Tim Ai a a nun Der vol it Oherni pc vat 709jco 7ij.u 131.mo 19 11h 14t.ox n 345.900 a 17e.soo is1 140.900 my to 12s.7do 15 122,400 13 am comport cat Octroi Elim be pm Sapoll 1m 7 i b 21 21 0 0.7 to 0.40410 m 1.3 70 0.01 437.0 1s.6 038 670 101 120 07 1 .60 Iso 1.e3 10.0 facett a putra Tat sub Ord a it a a in Prann or a by of Bishr Hven turd pm in 100 t 4 m t 3k to s 2v 72v, in u 2110v, _ is 63k a 69k 2 9v. I. 800 170 12.0 549 11.0 20i 39.0 of e.36 11.0 2.5 s.1 009123002.b 44 10.et 7.0 5.8 1.32 7.0 Eiml Ngi um112 Mol Nifina Cap Shi Mem in and of tsp pm is int e4 0 i4biu. Litton 903 171 imlkjs10i1 ii a ix9i 3lb 3.44is4 to hid us s mho f so of son Civ Btl Dpi 2331 to 14651530 10.37 11doua s Ujj 11j4 12 in 1987 1141 1iwhl 87snl10 bit 191shdo 11 u up by 7.30 743 til b 7& 1007 s so ism i78inl 1i10nl 7.56 7553nl7 il71m 33f no Wal 130h.l ,4 17i3hl 0� 7 71 h a h d-j1 t h x l. U5o tiny thu 04 eth St of the kn7 � it Mil i us Tot Sil uck Loui. 41x1. 8 line 14 u and fact inc Cou q Fri income 4.jb 477 Moonlit i . 17 ,2ft 1781 90shl Mujo 1121 19 to 1301 14 24 100711x11ii 87 us m 97 iii1 1 42 12 41 it � 91 . 13 69 m Buhl 120&ml. 1044ml b97nl 21 b 11 i � my so3 no 3302nl 9141 no is 57 119 941 9sunl 947 549 179bnl. 1034l 1�nl 940ivl 13 97 no 709 its 803 959 15 to 1693 Bol 879 48 501 17m ij40 451 4b3 17 id ibb 777 4b t5 174 a i s07 �1 lit in addition the Commerce depart ment said retail sales fell Only 0.1 percent last month. Tar less than the anticipated drop of 2 percent. Slock prices soared thursday after a report that the . Merchandise Trade deficit narrowed to $ 14.08 billion in sep tember compared with s 3.7 billion in August and Well below the jl5 billion Many analysts had forecast. Nose clerks resumed to work Friday without a contract Ifica a three Day strike. A Federal Mcd Alor said the clerks agreed to meet Somlay with Exchange officials to continue talks toward a pact. About 1,400 clerks secretaries and other support personnel at the nose and related concern went on strike tuesday after two of talks failed to produce a new contract. On the trading floor Friday Niagara Mohawk was the most Active nose listed Issue off a to 13%. Avon products followed off to 46. Volume of nose ii sied issues including trades in Nocks on regional exchanges and Over the counter totalled 195,500,950 shares compared with 232,418,270 thursday. Prices were mixed m Active trading on the the american Slock Exchange. The american Stock Exchange Nurtzel value Index fell 0.11 to 2s1.44. The Price of an average amex share lost one cent. Advances led declines 310-287 amour the 875 issues traded. Amex composite volume totalled 11,588,690, compared with 13,135,650 traded thursday. . Led the amex actives Down 7/16to 7-is/i6. The National association of Stock dealers composite Index fell 1.03 to close at 322.97. A map 3943nl vat 8k is-44 . V Fri a1bn.l. R for ii Mil Oinui 9mnl by f idb1n.l. Kcf in 41.68 .Tcp 10dbku11z3nl Bjong bb7nl. By Tell. 1400 it 13571467 14 91 ii 13 84 it is 1357 14 2t 1881 1747 1sidiih 90 is 5477hl h0ni. 133 a 127unl 77s3nl " St i. It Tinl 1177 no 02 Ion a pub Bufe. 11j9n.l 189snl. 13bin1911 no. Ift Lenl i1ssnl a my 1115n.l Ehl 98nl a b7b b2s4il 13 ram 509 sh817 tj9 1b37nl. 3d70nl mjjml.131jni 74 12 ii huh 1inl Uhl
