European Stars And Stripes (Newspaper) - April 17, 1988, Darmstadt, Hesse Page 20 the stars and stripes sunday april 17.1988 investor s guide by Bill Doyle q i m 60 Yean old and lire on s3w a no attn income. My medial costs Erue $80 Tow ill. I was recon try no fled thai i hire inherited pin Liaa or $100,000 do trill re crore that Money soon. How would Yon Umic me to in test us inheritance for maximum income my Holm Are High thai t won go in rough in other Winter cold and Hun a. Besides income you have of in Vest for safely Lii your situation not Doyle Evert one thin dime of that inheritance should be put at risk. With that in mind Ray firm advice is to put the Money into a certificate of Deposit Al a federally insured Bank or saving and loan association. If your inheritance lops 1100,000 the maximum Federal insurance coverage per depositor put it into cd Al two such institutions. These Days it s possible to get interest yields of up to 8 percent on 30-Monlh cd and As High As 8.3 percent on five year cd. Each Bank and savings and loan sets its own rates so you have to shop around. When you have decided where 10 gel the cd. Tell the Bankers you want monthly interest payments. Q. My wife ind i Tat concerned Boot thu a feta Ofra Lurlei Kepi in Bank Sale Deposit Birus. W know Ahtl losses in Khan happen Bat some a occur. Loal Bankers White admitting the con tits of the boxes re at insured argue there it Noth ing la worry about. We tried la insure the Content or our Nee Deposit Box thrown one of Ibe big get task into a Raphile ind were Laid it does not underwrite such avenge do Yon knew where we might find i company willing to protect these a. Many insurance companies provide thai kind of coverage. You might be Able to get a rider on your Homeowner s or renter9 insurance policy o cover the contents of your locked Box. This column never Points read in toward specific sales organizations. Check with the agent or Bro Ker handling insurance on your Home. Safe Deposit Box insurance can Best be described a sleep insurance for people who worry an extra lot. Co ahead and buy it if i will keep you from tossing and turning the nights away. However considering the extreme rarity of Safe Deposit dds burglaries i d Call that insurance an in Neceia Yex Pense. Q. When Banks were going bust in the Early 1930s, did customers Low us contents of their Safe de posit boxes a. There Are no detailed records on which to base a firm reply but old Limbert in the bunking Busineau Tali me that there were relatively few cases in which Bank customers lost anything from their Safe de posit boxes As a general Rule the contents of those boxes were Safe. Keep in mind that in order to open a customer s Sale Deposit Boa. The customer1 key must be used. Dow fell 76 Points last week new York up1 the Stock mar Iet which celebrated the Dollar s stability the previous week with substantial gains last week suffered the consequences of the Dollar Uncertain future and reacted violently when the Outlook darkened. The Dow Jones Industrial average which Rose 8.29 Friday after a 01.46 Point plunge on thursday its fifth worst one Day was Ever closed the week at 2013.93, Down 76.26 Points or 3.6 per cent for the week. On thursday one Day after the Industrial democracies pledged to seek stability in Exchange Rales the Commerce department said the . Merchandise Trade deficit for february widened to $1.1.8 billion from 112.4 billion in january. Wall Street estimates had called for a deficit of Between Al i billion and is 1.5 billion which would have been in line with recent improvement in the imbalance and lessened the pressure for fur ther declines in the currency. The old Nemesis remains the Dollar said Ricky Harrington a technical analyst with interstate securities corp. In Charlotte . Higher interest rates or reduced consumption to Cut the Trade deficit would mean a slowdown in eco nomic the Trade report ruined Vhal started out to be positive week. On tuesday the Dow recorded in sixth consecutive Advance reaching a new High level since the october new York Exchange new vow Upu tin is Iron knt ilk i m i it ilk mtg Tui lit i a Lull pm plunge for the third Day in a Row. The full scale re real thursday was also aggravated by Index arbitrage trading in which investors buy Stock Index futures while seeing the actual stocks thai mate up As a result of the Daw s move of More than 50 Points the new York Slock Exchange again called on member firms not 1o use their automated system to Enier program trades for the rest of the session. It was Only the Sec and time the Exchange had implemented the Rale which was adopted feb. 4 and used furl on april 6. The program traders however simply executed their orders manually rather than using the Exchange s computer. Friday the Market recovered to close mixed after an Early sell off. The Early weakness was a follow through front thursday said Rodd an Derson vice president m equity trading at Bearson Lehman Sutlon inc. Centra Bant intervention on the Dollar stabilized the currency markets and thai basically stopped us from going Down fur ther Anderson said. The key right now is whether the intervention win work. If it does stabilise the Dollar we re of. If it does to we re going Broad Market indicators also retreated during Chr week. The new York Stock sex change composite Index Feu 5.0j to 147.00. Standard �. Pool soc Stock Insle lost 9.66 o dose the week by 25?.77, declines led advances 1."191-468 among the 2,164 issues traded. Big Board volume totalled 923,644.950 Sham compared with 854,520,813 the previous week and at Otto ism Gap 35ujco la 3.1ji.soq 2.7h2o1 Imp Fartut Mceown it m. z.mjjwt3tz.08i.ora 14imqo 1.716,403 1jh.iw 41hrat i34% 2s�tv, my. Uthi to Fly up a in into ant off duh it american Exchange new my Uppin 10 nod a a ism local Eirew Tel Tom Tau i dug Frt Tir my Uta to inn my 7h.jm ii urn Iii is we 11 i to Alkil 9u.no z99.xo 2hjus a Tiu too ran z3sjoo h 216.100 11h Eft Ink gig 835.30 8,l80ayear ago. . West was the most Active Issue on the nose Down h4 to i Energy rot Lowed off % to is i and new York stale Etc inc & Gas was third Down i to 22 it. Among the Blue chips. Ism gained 2w to 114v. At to fell i it to 26tt, digital equipment lost 4% o 101 a general electric was Down 2"i to 40. Us was up vi10 32, american express was Down to 24 i Eastman Kodak was off i i to 40ti and Merck was Down 5 to 1 9v in the Oil sector Euon was Down 1 to 434. Phillips Petroleum was off % to 17v. Mobil was off ii to 46 v. And Texa co lost io4btt, on the american Slock Exchange the amen Market value Index fell 1.15 to close i 299.24, while the National association of securities dealers Index lost 7.93lo373.90, decline led advances 519-320 among 1,039 issues traded on the Ames. Vol ume totalled 61,706,535, shares we pared with 49,233 5�5 traded a week ear Lier and 70,982,760 traded in the same week is year earlier. Dome Petroleum led the amex actives unchanged at i. Lorimar Teepie lures followed Down 3v to 11 i. Texas air was third Down 1% i in a. Pettit confirmed for Post in transportation dept. Washington up Robert Pel til look the oath of office Friday As associate Deputy Secretary of the transportation department. Pettit a native of Ava mo., was nominated for the Post by president Reagan on feb. 26 and confirmed by the Senate on March 31. Before his nomination Pettit was a partner in the Washington Law firm of Wiley rein and Fielding. From 1982 to 1986, lit was senior Legal advisor to commissioner Mimi Weyforth Dawson Al the Federal communications commission. Dawson now serves As Deputy Secretary of the transportation department. . Reverses decision to Lay off 271 japanese at Okinawa bases Tokyo a the . Military on Friday reversed an earlier decision to Lay off 27 japanese employees at its bases on Okinawa. Hiroo Takal Kira head of the Jabor division of Japan s defense facilities administration Agency said the . Deci Sion followed talks last year Between japanese and us. Officials. . Forces Japan had planned the layoffs because the yen s recent Rise fund prices Foo Page 19 against the Dollar made it More expensive to maintain employed . Officials notified the japanese government of the decision Friday to Yakura said Japan agreed Las month to assume a larger share of the costs of running . Military bases in Japan. Under the agreement Japan s share of allow ances for japanese base workers will be boosted from the current 50 percent to 100 percent or about si62 million in 1991. The United Stales pays the salaries of the japanese workers but ail other Bene fits and allowances including transportation housing and retirement expenses will be covered by Japan. There Are about 21,000 japanese employees at . Military facilities across Japan where More than 60,000 . Mil itary personnel Are stationed. 1034 he in w of 14u my. Nln 10 m. 01 lift till 01itfivd 1qm i 01 Tif 11 us he is Siw Lin b is 441 a Mana to a Tow to 7u 01mi Tor in to. .i9t 11 t4 tax Iii Oiom 11 of 1q to in Utju Ore bal Sims in 01 jt4. In m in v2 Fatsi Al t"".0 441 Terai ti9non Naea 01 if Tau i 1zu h no 21 11w Jyh 1115 ii 1 m 1113 no. A no m my 11 w 1?m do urn h6s 15 2 02 slu4d he inv my hib j 07 saw 1?� ii to h iid9 a a uti 14 n Fli lira m. 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