European Stars And Stripes (Newspaper) - October 9, 1988, Darmstadt, Hesse                                Page 20 the stars and stripes sunday october 9,1938 investor s guide Doyle a i would like to invest in  Bonds. Him do i buy them a. There Are two ways to Pur Chase Treasury securities Bonds notes and Bills. You can do it through virtually All brokerage firms and Many Banks. Or you can buy directly from the . Treasury department. If you use a brokerage or Bank you can Purchase new Treasury is sues or previously is sued Bonds notes and Bills. You Lipay a Corn Mission or service charge. And if you buy less than Simillion of Al ready issued Treasury critics you la pay a Premium Price. It comes As a Shock to mos people to learn anything below $ million is an Odd lot in Treasury Security trading costing More when purchased and  if sold before maturity. If you go the direct route you Deal with the , Treasury department in Washington or one of the Federal Reserve Banks which act As government agents. There arc 12 District Federal Reserve Banks and 25 branches around the country. Your local Bank can pro vide the address of the fed ban serving your area. Doing things that Way you mus open a Treasury direct account and you can buy Only new issues of Treasury securities. Hut you pay no commission or other , what is lip minimum holding period for is. Treasury Bonds in order to in Xiv the 9.4 percent inter est you menu Owid in column a As i write this. Treasury Bonds and notes due to mature inlay 1999 and later Are trading in the Market at prices where the in Terest they pay results in yields of 9.4 percent and higher. The Longe the maturity the higher the yield. Q. Because of the relatively new Treasury direct system no Cert i Cutts Are issued for Treasury Bonds notes and Bills. For Many Yean i Haie obtained Loam by using trea sury securities i owned As Collater Al. Will 1 be Able to do this under the new Refl sir direct system a. You wont if your Treasury securities Are in your personal trea sury direct account. You cannot sell Trade or pledge Security held in your own Treasury direct  will be Able to do what you have in mind if you have you Treasury securities in a Commer Cial Book entry system at a broker age firm or Bank. A 1 Purchase Treasury notes handbills through my local Bank. As in Terest or principal from these securities comes due. It is credited to my interest paying checking  the interest or principal is due on a saturday or sunday it snot credited to my count until monday. The same thing happen when there is a Holiday. I lose the interest the Money would bar timed in my checking account. Is this the Correct procedure a. Yes unfortunately for you and a Large number of other  the payment Date for inter est and or principal from Treasury securities Falls on a saturday Sun Day or Holiday that payment is made the next Busi Jess Day. Don t blame your local Bank Fortis. Those payments Are made by the Federal Reserve As fiscal agent for the Federal government. Business news economic report boosts Market new York up after a four Day period where takeover stocks dominated the Market. Wall Street turned the final session of the week into a Celebration a a key economic report provided Hope Follower inflation and interest Rales. The Dow Janes Industrial average which surged 42.50 Friday closed the week at 2150.25. For the week the Blue Chip Index gained 37.34 Points. There was Little net change in the do from monday through thursday As take Over issues real or rumoured dominate trading activity. Most investors chose to stay firmly on the sidelines ahead of the september unemployment report which was release before the Market opened Friday. On Friday the government said lha unemployment fell to s.4 percent in sep tember from August s 5,6 , the report showed hat non farm payrolls Rose by Only 255,000, Well within Market expectations. In addition the Rise in non farm payrolls in August originally reported at 219,000, was re Vised downward to 169,000.broad Market indicators gained on the week. The new York Stock Exchange composite Index Rose 2.01 to 156.81. Standard & poor s 500-Stock Index jumped 6.16 to close at 278.07. Advances led declines 1.155-719among  2,150 issues traded. Big Board volume totalled 833,283,430shares, compared with 674,692,420 the previous week and 878,745,840 the Sam week a year ago. On the nose trading floor Pillsbury was the most Active Issue jumping 19% to 57. The Stock soared is on tuesday after grand metropolitan made a sur prise a a a share tender offer. Pillsbury said it would fight the bid. Kroger followed gaining l to to 58,Kohlberg Kravis Roberts 4 co. Tuesday proposed an increase in its. Bid for the company to $64 a share from $58.50. On Friday Kroger rejected an earlier offer and tic proposed new bid. Manville was third up it to 2ft.at&t was up i to 26 a. Ism Rose 44 to 116. Irving Bank jumped 8 to 75%, after it chairman recommended acceptance of a Bank of new York merger  the american Stock Exchange the Macx Market value Index Rose 2.19 to close at 303.82, while the National association of securities dealers Index slipped 2.05 to end at 385.67. Declines tapped advances 441-399among 1,030 issues traded on the Ames. Volume totalled 48,546,325, shares com pared with 39,527,940 traded a week ear Lier and 54,481,660 traded in the Sam week a year earlier Texas air led the amex actives gaining3 to 16vamid reports of a possible Deal to sell the company s Eastern airlines unit Amdahl followed Down it to 1914. Ich corp. Was third rising i to 6. Nose chief wants circuit breakers1 new York a the head of the new York Slock Exchange has said that last october s crash was caused by tech Nical Market problems and not economic changes and he defended trading halts to avoid another meltdown. Assessing developments since the Cri Sis John Ynclan conceded that a circuit breaker a coordinated trading Hal among exchanges is an artificial restraint on the Market. But there Are a few Points in time when you need to shut it Down said the chairman of the biggest . Securities Market. The nose and the Chicago Mercan tile Exchange jointly proposed the circuit fund prices breaker plan in july. The proposal under review by Federal regulatory Agen cies and contingent on approval by other exchanges Calls for a one year test in which predetermined Price drops would rigger temporary halts in trading. Trading on the nose would Stop Foran hour if the Dow Jones Industrial aver age fell 250 Points and for two hours i the average fell an additional 150 Points the same Day. At the Chicago Exchange the nation largest futures Market trading would Slop for an hour if the Standard & poor s500 Slock Index futures contract fell 30 Points and for two hours if it fell a far Thor 20 Points the same Day. The frantic Selling of Large amounts of Stock in new York coupled with Plung ing Stock Index futures in Chicago were important catalysts last year in the oct. 19-20 panic. In the months since Phelan said it has become Clear that the crash was caused by technical reasons within the Market and not because of fundamental shifts in the  critics of the circuit breaker strategy say it could drive investors overseas to less restrictive markets. Moreover the say it could hasten a Market panic if investors decide to sell their stocks at the same time hoping to set out of the mar Ket before a trading Hall takes effect. From Page 19 of brew 546 hit .09 Bari 144 1553 .01aung he it Esq i 14 1304. .01  Naiztat x hip 3iro nit orgin Siuai 14� .14 Gnyp 2481 2 lit.  Shafit 10 it0 1019 fit in Sun in. To 740 706t 02 112 571. Jhm Tat m Usu 617 .96t so a nip 929 9co Jyh a Yip 6 m5 ,03 Gnyp ti9 743 jul Mui 158? i6e4 Jyh luf 11 6 Lut 10 twin Liun fun clips b93 9j5t .11 in tie 9m in is. .06 lilt p 10si la r4vufimhu Hull 6b3 163 Tori i Soi 104 he l07t of 1114 11171 ifs 0.0 t5 Roi. 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