European Stars And Stripes (Newspaper) - November 20, 1988, Darmstadt, Hesse                                Page 20 the stars and stripes sunday november 20,198b business news Market affected by concern for Dollar new York up the Slock mar Ket posted a Broad decline last week amid renewed concern Over the Dollar s weakness and the future of the Economy. The Dow Jones Industrial average which Rose 9.96 Friday closed the week at 2062,41. For the week the Blue Chip Index lost 4.62 Points. Nervousness among investors Ted to Choppy trading during the week with most activity happening in the Blue Chiland takeover sectors. The biggest change in prices occurred wednesday when the Dow plunged 38.59 to 1038.58, the Retreat came de spite a favourable report on the . Mer Chandise Trade deficit which said the investor s Euitae by Bill Doyle q. My wife ant i have Moil four Money in is. Treasury notes and Bonds. We ire can std by he present sys tem of buying Treasury be purities through brokerage firms we put up the Money. The broker age boys if note or Bondad keeps proof of own ship. The Doyle interest is sent to the brokerage and put in our account there. This makes it easy for the us Treasury department and the Bro forage but we lose control of on funds and Hare no proof of ownership. We Don t object to paying the brokerage commission bul we would like to hive the Money sent to our Bank and proof of ownership sen to us. Is his possible a certainly but not if you continue buying Treasury securities through a brokerage firm or Bank. You can do what you have in Mindy opening your own account in the. Treasury direct system. With that system in effect for new is sues of Treasury notes and Bonds since August 1986 and Treasury Bills since 1987 interest pay ments on notes and Bonds Dis counts on Bills and proceeds at maturity of All three types of Treasury securities arc sent electronically to he Bank account you designate under Treasury direct no certificates Are issued. Ownership is in Book entry recorded on computer system maintained by the Treasury department and fed eral. Reserve Banks.,. ,. The brokerage through which you now buy Treasury securities is the owner of record but you arc the beneficial owner the real owner. The monthly statements you receive from the brokerage Are your proof of ownership so you have no worries  you open your own Treasury direct account. Treasury direct statements will come to you. Be cause you won t be using a broker you won t pay commissions. You can open a Treasury direct account and get detailed information about the system at a Federal Reserve Bank or Branch or at . Treasury department in Washington. . There Are 37 such Treasury. Direct servicing offices around the country. Youri Coalbank can give you the address of the one serving your area. Deficit narrowed to $10.5 billion in sep tember Down from the revised $12.3 shortfall in August. Analysts raid the Trade figure which was within Market expectations failed to ease investor worries Over inflation the Dollar s recent weakness and higher in Terest rates. On thursday and Friday the Dollar stabilized but Only after lie Federal re serve the Bank of Japan the Deutsche Bundesbank and several other major Central Banks intervened both Days to support the currency. Hildegard Zagorski a Market analyst with Prudential Bathe securities inc., credited the Central Banks for helping to stabilize the Dollar but said the Dollar would have to perform stronger on its own before the Stock Market would at tract More players. We expect the next few Days to be weak but the next two to five weeks should be unsettling said Don r. Hays director of investment strategy at wheat first securities in Richmond Tva. Hays predicted the Dollar would not weaken much further but noted that Short term interest Rales would probably remain relatively High through christinas to Dis courage consumer spending. Broad Market indicators declined on the week. The new York Stock Exchange composite Index fell 1.06 to 150.18.standard & poor s 500-Itock Index dropped 1.75 to close the week at 306.36. Declines trounced advances 1jz9s-s60among the 2,158 issues traded. Big Board volume totalled 680359,145 shares com pared with 693,122,780 the previous weekend 81748,300 a year ago. On the american Stock Exchange the amen Market value Index fell 4.81 to close at 28647, White the National association of securities a can into fell 6.18 to end at 367.58. Declines topped advances 626 224 among 1,031 issues traded on thear aex. Volume totalled 41,666,155 shares compared with 39,085,635 traded a week earlier and 55,580,135 traded in the same week a year earlier. . Criticized Over Energy efficiency Washington a tie United slates outpaced other major nations improving the Energy efficiency of its industries from 197010 1986 but it Stilt lags behind most other Industrial coun tries an environmental research group said saturday. The world resources Institute said the United Stales gained 33 pen i Energy used per Dollar of Gross National product the total retail value of All goo Sand services produced by the Economy in those 16 years. Japan ranked second with a 32 percent gain. Gains of some other countries included Canada and France 28 percent West Germany 23 percent Britain 19 percent fund prices. Italy 15 percent and Brazil 6 percent the International Energy Agency recently ranked the United Stales eighth among20 countries in gains in efficiency of Energy use by Industry from 1973 to 1985. Pushed by the two Oil shocks of the 1970s and rapidly rising prices that continued through the Early 1980s, most developed nations managed to use less Energy to turn out goods and services by thl mid-1980s. According 10 figures compiled by the . Energy information administration . Energy efficiency improved at about  percent per year in the 1970s, accelerated to 2.8 percent per year from3980 to 1986 and remained essentially from Page 19 Manl null Uil Glt Nuti Musci Hui i fall Woi Bah i uni coh Scirri to Xii Union ,., a Oftle. 10431d.4 .1039 a. 1031 1031 01 1017 1067ion i0�-. Hiton Ion i 10.12 10.121050 a .01 10.1 id 15 01 1074 1074 01 �16 1049 .ioe7 in865 965 011sm Tun of til two 03 z.0 12.so t 4s 14,31 most .03 or the 49 1007. Jyh Miep 11.19 111? ,04 wot us 639 it let 11 113 .01 Golf full 4u 4.63 jul two us Gap a to. Hvest matk Mill unix Inyl . Otot ii. 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Here is the Energy use or Dollar of Gross National product expressed in terms of bus per Dollar of 1980 buying Power for each country a Blu or Brit ish Thermal unit ii a Standard Energy unit about 300 Blus arc used in boiling a quart of water United states 19,585 France 8,264 Japan 9.28s Italy 10,714 Germany 10,714 Brazil 10,775 Britain 13,829 Canada 23,177. � for comparison Here Are l9bifigttsfpr some other countries China 41,128 india.27,81s Poland 83,646 Hungary 47,062. 10.31 i Livirt 14.14 he ,01 so sick 993 i .01 eb5fbi. I3jh Fott 01 11,031161 ,. Ii 06 12.91 .04 tit 7jot i " iut Ion in11w Ilse -01 10.07 10 of .01 1jj3 no 621 not .06 14-so he ski he. 912 it i 1151 1391. -07 1065 1130 01 ,�i5 a 1bj5 a  no Jet 1iih. It flu no .01  no Jyh 12 Bohl ?4na34 62 h. .111.57 i. ,01 1134 he. 1060 i 1099 he .01 10.05 Fil 01 1dj1 Ftp. A i a .01 ioj11 he .01. Plop tit r,71clitu 630 to. 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