European Stars And Stripes (Newspaper) - July 17, 1988, Darmstadt, Hesse                                Page 20 the stars and stripes sunday july 17,1988 investor s guide by Bill Doyle q. I m 27, go to school and sup port myself As a hostess. I manage to save $250 monthly and put it into certificates of Deposit. My goal is a Down pay ment on a House. Some times i toy with the idea of buying a new car or going int business for myself. So need the Cash available an Don t want to tie it up in an Doyle individual retirement account. A Friend works for an insurance company and is trying to sell me whole life Cash value insurance policy with a $50 monthly Premium As an alternative to an Ira. He says the insurance policy would be More flexible. What Are the pros and cons of such an idea a. They Are virtually All con. Don t succumb to your Friend s Blandishments. The buildup in a whole life policy s Cash value would be sheltered from income tax. However to get your hands on that Money you would have to borrow the policy s loan value. Convoluted reasoning might claim that makes the policy More flexible than an Ira from which Money normally cannot be withdrawn without penalty until age 59 Viz. But the policy s loan value would not equal the premiums paid in for a Long Long time if Ever. That s because of vari9uscharges, including the commission paid to the Friendly Salesman. Whether you buy a House or anew car or Start your own Busi Ness you will need accessible Cash. It would make no sense to put Money into an insurance policy where it would not be readily available. Considering your Tenta Tive plans you should buy Short term cd. Q. Is it True that insurance premiums Are lower if i pay every three months rather than monthly a. Sure. Unless it s a very strange insurance policy a quarterly Premium payment is not a Large As three monthly payments. You save More by paying premiums semiannually and even More by paying annually. Amerlean Exchange new York up the 15 most Active stocks in new York Stock Exchange composite trading Friday. Stock Interior engy by state a a Nova corp ism corp Exxon corp at to company Rollins envy intercom inc Union Carbide Texaco in Fluor corp genl electric Avistar into May dept stars pay less Cash Wax sex dividend sales 45,282.500 x-3,712,000 2.650,100 1,972,700 1,954,100 1,700,300 1,552,700 1,510,400 1,469,200 1,465,900 1,397,800 1,351,600 1,335.000 1.246,300 1.193,500 last 15% 23%11% 126 v2 46% 26% 18 tt54% 24% 45% 23 43%6v4 3826% net chg. Oflv4 up a up up1%up1 up 0 11 up 5 1/2 up off up 2 up i off i up 2 a up new York Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading Friday. Stock dome petrol Wang lab b Bat Indus Home shopping Dat products into Telech Amdahl corp Lor mar Tel  Viacom of sales 1,232,400 459,200 413.700 284.900 282,400 274,000 200,100 198,400 193,800 3.87 147,400 last i a 10 it 73-16 4% ii 53 13 v4 2% 25% net chg. Unch off 1/fe off 1-16 unch up 1 a up up it unch offv4up it business news Dow up 23 Points on the week new York up the do Jones Industrial average which Rose 15.83 Friday closed the week at2129.45, up 23.30 Points on the week. After a modest Advance monday the Market suffered its worst Day of the week on tuesday when the Dow fell 18.67 a traders stepped to the sidelines to await the testimony on wednesday of Federal re serve Board chairman Alan Greenspan be fore the Senate banking committee. Greenspan conceded that Short term interest rates May Rise As the nation scentral Bank attempts to control inflationary pressures. He said however thata Rise in the discount rate was not War ranted at this time. The Market bounced Back wednesday and on thursday brushed off a decision by the nation s largest Banks to raise their prime lending rate to 9.5 percent from 9 percent. A surging Dollar and positive economic news combined to produce the mar Ket s Best Day on Friday. The people on the sidelines took a hard look at the Day s activity said Phil Erlanger chief technical analyst at and Vest inc. In Hartford Conn. And the positive close tells us we have gone through a potential problem area and there is no  before the Market opened Friday the Commerce department said the nation s Trade deficit widened in May to a season ally adjusted $10.9 billion up from a revised $ 10.3 billion in april. The deficit was at the Low end of Market expectations and caused the Dollar to soar. We now have had a lot of data under the Bridge and the reaction has been mildly positive Erlanger said. I thin people Are slowly learning that the end of the world is not coming. This performance is just More of the masonry needed to rebuild  in another report Friday the Labo department said the producer Price Index Rose 0.4 percent in june Down from the 0.5 percent increase in May. The numbers obviously proved to Bea non event in terms of the marketplace except for currencies said Edward Nic Oski chief technical analyst with Piper Jaffray & Hopwood in Minneapolis. The Trade number and the Phi Whereat the Low end of expectations Nicoski said. But this Market is tired and has been tired for the last several weeks. Even As the Dow and the transportation average reached new Post collapse highs there were a lot of troublesome divergences. The momentum is clearly Start ing to Roll Over. We Are g9ing to have to Godown before we go up again he said. Broad Market indicators also advanced on the week. The new York Stock Exchange composite Index Rose 0.84 to153.65. Standard & poor s 500-Stock Index gained 2.03 to close the week at 272.05. Car seat Belt ruling May be fought Washington a an Auto safety group says it will decide whether to Appeal a court ruling that upholds a government decision letting automakers put off until 1993 a requirement for Pas Sive safety belts on a car s passenger Side " if the Driver is protected by an air bag. Joan Claybrook head of Public Citi zen said Friday essentially what the court did is put passenger occupants of cars equipped with Driver Side air bags in a position of a likelihood of harm when the Driver will walk away from the  the National Highway traffic safety administration had agreed to a request by the Ford motor co. That allows continued use of manual safety belts on the passenger Side in cars that have Driver Side air bags. The Highway safety Agency in issuing the ruling last year agreed with Auto Industry claims that More time was needed to develop air bag systems for front seat passengers. Public citizen a Washington based Public interest group claimed that the ruling postpones passive restraint Protection for car passengers for four years and puts them in additional danger. The . Court of appeals on Friday upheld the Agency s decision As it threw out Public citizen s lawsuit. Jeffrey Miller Deputy administrator of the safety Agency called the court Deci Sion Good news for Consumers because air bags will now be available sooner and in More  Miller said the decision creates an incentive for automakers to make Driver Side air bags available while working on developing systems that protect both Drivers and front seat passengers. Ford announced in june it will offer dual Driver passenger bags on Lincoln Continentals being introduced this fall for the 1989 Model year. Ford Tempo and Mercury Topaz models have offered Driver Only bags for several years. Fund prices Lilloll ill Llull  a from Page 19 us gtd 13.86 14.55 .02 Vista 17.57 19.20 .08 voyage 20.18 22.05 .02 guest go 11.50 12.04 .02 Quested 26.38 no .01 inc group cd sep 9.41 9.88 .02 a Gyp 12.03 12.63 .07 a std 9.44 9.91 .02 Rainbow 5.12 no .01 react 14.33 15.37a Chang 15.16 no .03 reset 13.64 13.64 .01 Rig time group blues a 2680 28.14 .17 a top 32.53 no .11 go sep 13.51 14.18rochester ads inv up 9.61 9.93 .01 in Van p 7.15 7.39goth p 7.47 7.72 .01 jump 15.80 16.46tax 11.56 12.63 .03 Rodney Square Incus 9.07 no. Growth 9.91 no .04 in Leq 10.85 no .14. Royce funds ingot 8.78 8.78 .03 value 8.34 8.34 .01 Tot rtt 5.23 5.23 .01 Rushmore group Sapid 12.21 no .13 oct id 13.00 no .01 us gig 9.06 no .03 us gov 9.60 no .02 to Flag 10.26 no. To fint 10.14 no .03 lbs Rcv 10.34 no .02 lbs for 12.85 no .01 set group direct p Una Vail Equit p Una Vail us go p Una Vail a if gods divert 11.28 11.28 .01 in fat 1071 10.71 .02 int mul 10.10 10,10 ,01 Sale co secur calf 10.70 no .01 Equit 8.41 no .02 growth 15.58 no .04 Inco 14.31 no .04 mum 1284 no. Us gov 9.07 no. Sale map 13.18 13.18 .04 Schieldt 11.95 12.45 .06 Schror 7.47 no .03scuddtr funds Calyx 9.99 no .01capgt 15.92 no .03 devel 21.76 no .01 est yen 1085 no .02 gen90 10.26 no .01 global m24 no 12 Gama it no .02 or win 12.88 no .04 income 12.44 no .02 int Ltd 32.55 no .40 mob 8 39 no. Nytar 10.41 no. To Fhi 10.77 no. Txfr90 10.12 no .01 txfr93 10.59 no .01 txfr96 10.71 no .01 a eaglet 10.03 no .01 Security funds action 8.82. .03 Bonds 7.50 7.87equity 4.60 5.03 .02 invest 8.54 9.33 .05 on if 2.59 2.83ultra 6.54 7.15selected funds Amshy 13.00 no .01 spa she 18.95 no .01 Seligman group caped 11.60 12.18coloty 6.76 7.10pm St 11.92 12.51 .06 co Mun 10.98 11.53 .04 flax 6.57 6.90growth 4.50 4.72 .01 Inco 12.42 13.04 .03 late 7.67 8.05 .01 a asst 7.56 7.94 a dts 7.29 7.65 .01 Michta 7.84 8.23minnox 7.41 7.78mot 7.04 7.39nat Ltd 7.46 7.83a step 6.84 7.18nytar 7.43 7.80of Iota 7.62 8.00 .01 Orte 6.72 7.06 .01 Patap 7.21 7.57 .01 Cayax 6.15 6.44cat a 6.22 6.51go gtd 7.14 7.50by dip 7.18 7.54mtg sep 6.75 7.09sentinel group Balan 12.11 13.23 .04 Bond 6.07 6.63 .01 coms 22.73 24.84 .16 a secs 9.38 10.25 .03 a Fath 11.69 12.78 .05 Sequoia 39.19 39.19 .08 sentry 11.76 12.76 .04 Shearson funds Matig 48.76 51.33 .22 attn 98.65 no .55 a mgr 1488 1566 05 App re 2842 29.92 .19 Calm 15.07 15.86 .01 Edval r Una Vail global 2342 24.65 .24 Hyld 17.91 18.85leuca 17.83 18.77lehun 1595 1679 .07 spa gel 11.21 11.21 .01 split 8.22 8.22 .01 my Ger 12.11 12.75 .02 Mun 1476 15.54 .02 Elmoi 53.56 53.56 .67 Namu 15.60 16.42 .02 slim Una Vail slim 15.32 16.13 .02 pc nip 13.19 13.19 .04 a pub t Una Vail Spott 12.90 12.90 .07 spa get 14.41 14.41 .04 Saplut 14.26 14.26 .04 up sect 10.92 10.92 .04 spa Start 14.09 14.09 .06 split it 12.16 12.16 .02 sprint 14.00 14.00spa Ftp 15.46 15.46 .22 up mtg 10.83 10.83 .01 up text 16.40 16.40 .01 shr map 6.93 no .02 Sigma funds Capit p .04 9.62 .03 i sight 7.26 7.72 .03 is1ts 10.47 11.14 .03 i cop x 8.43 8.83 .04 inv sep 10.18 10.83 .03 a pulp 9.17 9.76 .02 Trust p 13.03 14.50 .06 a sgt 3.17 3.32 .01 Valsh 8.89 9.46 .04 vent 8.95 9.52 .01 or lip 14.17 15.07 .22 site by 27.85 no .06 sky bal 9.44 9.82 .02 Smith Barney equity 12.89 13.43 .04 in Gro 11.16 11.84 .05 Incret 9.17 9.29mogot 11.86 12.35 .04 Muncal 10.96 11.42 .01 Mun 11.88 12.38 .01 a sgt 12.78 13.31 .04 so Gene 17.60 18.38 .03 sounds 13.15 no .08 Sam it Una Vail the stat 13.14 13.14 .07 Sovern 11.49 12.09 .03 state Bond Gap Cost 6.18 6.75 .02 divers 7.37 8.05 .02 Progris 9.98 10.91 .01 taxes 10.06 10.53. Us gov 4.82 5.07 .01 is far mods Balan 18.43 no .03 Goth 13.19 no .01 Muni 7.73 no .01 its reel Resit exch 130.47 130.4761 growth 77.04 77.04 .23 inv 78.13 78.50 .52 Steadman funds Amend 2.22 no .02 Assoc .63 no. Invest 1.35 no. Ocean 3.67 no. Stein rot ads Cap of 22.93 no .01 disc 9.92 no .01 go Tolu 9.53 no .02 hymn 11.39 no .01 Hynds 9.54 no .01 in thu 10.42 no .01 my did 8.43 no .02 a gym 8.60 no .01 prime 8.84 no .02 sped 14.90 no .01 Stock 15.09 no .08 Tot ret 22.90 no .09 univ 13.89 no .05 strategic funds Capit 5.69 6.22 .01 invest 3.64 3.98 .01 Silver 4.71 5.15 .02 Strain do 25.08 no .03 strata the 19.24 no .09 Strong funds Gosc 9.95 no. Inco 11.99 no .01 invest 17.83 18.01opaty 17.62 17.98 .03 std 10.20 no. Finc 9.25 no. Total 19.75 19.95 .01 the Cumey 9.75 10.24 .05 the cumin 9.90 10.39 .02 Templeton group fran 19.56 21.38 .09 global 41.48 .16 glob ii 12.51 13.67 .01 growth 13.73 15.01inco 10.01 10.94 .04 world 14.56 15.91 .03 Thomson Mckinn a sect 10.22 10.22 .01 global t 10.26 10.26 .05 go the 14.21 14.21 .10 ingot 9.67 9.67 .01 port 12.25 12.25tax ext 10.69 10.69 .02 a sgt 9.39 9.39 .02 Trust lip 10.45 no .16 Trust Gap 13.98 no .12 Treast 9.72 no .01 trus funds bold up 9.37 no .02 so tiv p 9.64 no. Int Gap 9.46 no .01 eld up 10.04 no .07 value 9.26 no .05 20th Century gift 7.71 7.74 .02 growth 13.16 no .10 Herler 6.28 6.31a tend 91.10 no .03 select 28.17 no .17 Trein 97.03 no .09 Tvelt 94.56 no .12 Ultra r 7.50 7.53a sgt 94.37 no .03 Vista r 6.70 6.73usaa group corns 17.19 no .02 Gold 9.46 no .04 or Orth 11.88 no .08 Inco 11.07 no .01 inc St 10.05 no .07 Salt 17.52 no .11 Tzeh 12.51 no .01 Tvelt 11.77 no .01 Tresh 10.36 no unified a Grant Genrl 8.49 no. Goth 18.86 no .01 Inco 11.15 no .03 Indi 8.72 no .01 mull 14.35 no .03 United funds acc 6.27 6.85 .02 Bond 6.04 6.60. Conine 14.94 16.33 .04 go div 8.26 9.03 .01 go Sec 4.78 4.99in Lgth 6.56 7.17 .06 Hilnic 12.09 13.21 .02 Hill cell 4.68 5.11income 16.84 18.40 .06 Muni 6.74 7.04 .01 Mun i 4.81 5.02new capt 5.74 6.27 .02 retire 5.35 5.85 .02 scene 9.97 10.90 .01 Vang 5.93 6.48 .01 uld services get 16.24 no. Gama 9.30 no .04 go shr 3.95 no .01 growth 7.15 no .01 Inco 9.58 no. Locapo 6.73 no .04 a pro 1.44 no. Or scr .78 no. Riest 9.39 no .01 Usta 10.77 no .02 stint .65 no. Valfre Una Vail value line cd agg Lri 8.18 no. Conv 10.76 no .01 fund 13.62 no .02 income 5.81 no .02 Levit 19.61 no .01 Mund 10.17 no. Spa sit 12.03 no .02 a sgt 11.86 no .03 Van Eck Gldys p 5.33 5.76 .03 int lev 13.06 14.27 .05 we Dan p 9.40 10.16 .07 we Dorp 13.31 14.39 .18 Vankampen Mei Catap 14.78 15.54 .01 go the 15.04 15.81 .04 Hyld p 13.65 14.35 .02 in top 16.91 17.7bto Ftp 15.80 16.70 .01. Us Gap 14.92 15.69 .03 Vance Exchange Cape 99.53 no .42 dust 56.82 no .19 diver 105.59 no .37 exod 148.84 no .42 expo 132.32 no .40 Fedex 86.16 no .33 Sefoid 82.48 no .45vanguard group a mkt 9.12 no .02 convert 8.87 no. Seq inc 10.38 no .04 exper 29.91 no .09 sex poll 20,77 no .06 Morg 11.39 no .04 nest 36.91 no .21 or map 47.32 no .11 phys 1420 no .08 pret 7.73 no. Var 20.13 no .01 Quant x 10.87 10.87 .08 Star x 10.92 10.92 .21 tint 30.24 no .29 Tecusa 27.30 no .15 Gama 9.41 no .01 i Yod 8.55 no .01 Igind 7.76 no .02 Short to 10.29 no. St govt 987 no. User 8.97 no .03 id exl 11.94 no .01 Indus of 27.03 no .18 Muhy 9.68 no. Munt 11.75 no .01 Murld 10.16 no .01 Mug 10.03 no .01 my neg 11.13 no. Must 15.27 no .01 Callas 9.55 no. Jins 9.85 no. Nylons 9.13 no. Pennon 9.59 no .01 Viper 1156 no .06 a Spur 1041 no .06 a Spur 18.39 no .01 a Spur 1466 no .10 a str 11.59 no .05 Wells 1502 no .06 Wellton 16.56 no .11 in Der 13.38 no .09 Wndell 12.42 no .06 we Dent 10.71 no .15 Wildus 7.47 no .02 venture advisers inc i 8.57 9.37 .01 unit 9.42 9.42nyven 8.04 8.79 .04 up fat 7.06 7.06 .02 Rufet 19.46 19.46 .01 i Keln 14.31 14.31 .08 wealth p 7.04 no .02 Weiss Peck Greer Tudor 21.50 no .05 mpg 2069 no .08 govt 9.78 no .02 Goth 95.53 no .01 Walls 6r? 7.06we Lii Ima Ataii 11.47 no .05 Bond 10.66 no .02 cps Tel 18.19 no .07 Micol 14.49 no .01 West Ore std 9.93 10.40in Ted 10.02 10.49. A Dpi 15.04 15.75 .02 Bashi 18.21 19.07 .06 mod i 10.14 10.62 .04 mid co 10.52 11.02 .01 wested 12.28 12.79 .09 Wood so rulers net 14.96 no .07 Pine 11.53 no .06 Wing 10.15 10.15 .03 Yam glob 9.83 10.32 .05 e sex capital Gams distribution s Stock dividend or split x extra dividend 1 previous Day s quote no no initial sales Load r redemption tee May apply