European Stars And Stripes (Newspaper) - July 31, 1988, Darmstadt, Hesse Page 20 the stars and stripes sunday july 31,1988 investor s guide business news by Bill Doyles. The so at which i have a cer Cate of Deposit suffered severe losses. It has been taken Over by folic and is in something called a management is my Money Safe a. It is As Long As the Money you have on Deposit there incl i ing the cd in your name alone do snot exceed $100,000.keep in mind that the insurance coverage is$100,000 per depositor and that family can have Many Doyle times that coverage by opening accounts in different names and combinations of names. Folic has taken control of Many troubled a is ousted top management and is operating those associations under its management consignment q. I have joined the credit Union where i work and am depositing $5a week through payroll deductions. This cd pays higher interest than is offered by my Bank. I am consid ering moving All my savings and checking accounts there. Is there anything i should be aware of before i pursue this any further a. For absolute safety s Sake Check if the cd is a member of the National credit Union administration. If it is the National credit Union share insurance fund pro Vides coverage up to $100,000 per depositor similar to Odic and folic. Deposits at Cus which Are not Cua members usually Are Cov ered by private or cooperative insurance. While such insurance has been adequate to Date most peo ple prefer Federal insurance. Q. I invested $15,000 in one Mutual fund and $45,000 in another three years ago. The values of Bot have declined As have the dividends paid. I paid a Load charge on the first fund going in so i can get out of that at its present value. On the second fund there would be an$830.86 charge to get out now. Should i bail out and invest incas my broker says not to worry. It s Only a paper a. You la have to make your own decision about bailing out. This column never makes buy sell or hold recommendations on specific securities. That would be touting asure Way to get into trouble. However Stock and Bond Price shave moved up recently even in the time since you wrote your let Ter. I la go far enough out on the limb to say that investments Suchias you hold will do Well Over the Long haul. Take that As a cautious vote to keep what you have. The $830.86 charge to get out of the second fund would be a Contin gent deferred sales charge a rear end Load. The broker got his com Mission advanced to him by fun management when you invested. The paper loss the broker cites is a loss in the value of you investments. You la 9nly realize that loss by redeeming your Mutual fund shares at prices below what you paid. Nevertheless a paper loss is real. King features columnist Doyle welcomes your letters. You can write to him in care of the stars and stripes. Apo 09211, . Forces Market up 67 Points for week new York up the Stock mar Ket last week staged the strongest two Day rally since late May As investors took Amore optimistic View about the Outlook for higher inflation and interest rates. The Dow Jones Industrial average which Rose 46.40 Friday and 28.63thursday, closed the week at 2128.73. For the week the 30-Stock Index jumped 67.74 Points or 3.3 percent. The two Day jump late in the week was the strongest since the Dow climbed a total of 107.57 Points on May 31 and june 1. Despite the Advance Hugh Johnson head of the investment policy committee at first Albany corp., said the Market remained locked in a Battle Between Strong corporate earnings and hostile economic fundamentals. Broad Market indicators also posted Strong gains on the week. The new York Stock Exchange composite Index Rose 4.10 to 153.35. Standard and poor s 500-Stock Index added 8.52 to close the week at 272.02. Advances led declines 1,112-721 among the 2,156 issues traded big Board volume totalled 819,914,040 shares compared with 750,740,940 the previous week and911,808,840 a year ago. On the nose trading floor last week Southern co. Was the most Active Issue gaining /4 to 22 %. Pinnacle West capital followed Down l3/8to235/8. Public service co. Of new Mexico was third off 3/8tol4%. At to Rose /2 to 26. Ism jumped 5 5/s to 1253/4. Intercom soared is to 68 a on news of a proposed merger. Among the other Active issues Las week Polaroid was up 15/s to 423/s, pull Man was up 1 a to 87/8, Arm Tek was up8 a to 38% and Zaire was up less to 21%. Among the Active Blue chips general electric was up Ivy to 42 3a, Eastma Kodak was up 3 a to 45 5/s, Exxon was up 2% to 47% and us was off % to 31. On the american Stock Exchange thealex Market value Index tacked on 0.07 to close at 306.18, while the nation Al association of securities dealers Index slipped 0.02 to 387.33. Declines led advances 446-384 among 1,041 issues traded on the amex. Vol ume totalled 45,741,885, shares com pared with 53,331,075 traded a week ear Lier and 58,266,020 traded in the same week a year earlier. Dome Petroleum led the amex actives up 1/32 to 1 a. Texas air followed Down l /4 toll /4. Amdahl was third Down a to 49 a. You Are what you drive in Lansing Lansing Mich. A a state House candidate who drove his imported car to a United Auto workers meeting has Only himself to blame for losing the endorsements of Michigan s two major labor groups a Union spokes Man says. David Rutledge of Ypsilanti complained last week that House speaker Gary Owen coerced leaders of the state Al Cioto support his hand picked successor Kirk profit Over Rutledge in a primary election despite a decision by the group s local members to remain Neutral. But Tim Hughes a spokesman for thearl Cio said Rutledge s admission to a Law local screening committee that he owns a Subaru and his wife drives a Mer cedes killed any Chance he had of win Ning labor support. That s the first thing they do is look out the window and see what you drive Hughes said chuckling. Somebody who thinks that Little of workers in their District that they re driving a foreign car is not going to get their endorsement Hughes said. If god himself endorsed Rutledge and he drove up in a Subaru he s no getting our endorsement Hughes added. Rutledge said he s not surprised that the Union is using his Choice of cars against him but he has borrowed a american made car for the rest of the Campaign. Rutledge said that if driving is a Issue perhaps voters should consider that his opponent profit has been arrested for Drunken driving. Profit and Rutledge will face off i next tuesday s democratic primary for the right to take on the Republican win Ner in november. Owen s decision not to seek a ninth term in the House prompted his two for Mer staffers to compete for his seat. Profit 35, served four years As assist ant majority director of House democrats. He is a former undersheriff in Wayne county. Rutledge 43, was recruited by owe two years ago As Deputy director of the House democratic research staff. 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