European Stars And Stripes (Newspaper) - December 4, 1988, Darmstadt, Hesse Page 20 the stars and stripes sunday december 4,1988 Market slips Over employment figures new York. Up the Stock mar Ket gained steadily through the Middle of last week but then retreated amid Leo nomic concerns lied to Friday s report on november employment figures. The Dow Jones Industrial average which fell 9.60 Friday closed the week at 2092.28. Inu Stor s Quick Bibl Ledoyle q. K is necessary for me to re deem my Mutual fond shares since the fund is Chai Ginn from Load to no Load. The a Wunt will be about$5,000. Mow do 1 arrive Al my average Cost per share in order to re port my profit or loss on sch Cule d of my form 1040 Federal income tax return Doyle a. You Don t need to know you average Cost if you arc going to redeem All your shares. In Hal Case you simply add together All you paid 10 Purchase shares plus Alt the dividends and capital gains distributions you reinvested to buy additional shares. That Idis you your local cosi far lax purposes. The difference Between that Cost and the amount you receive when you redeem is profit or loss which you arc required to report As a capital gain or capital loss on schedule d. If you redeem Only some of your shares Divide your total Cost by the number of shares you own to get your Cost per share. Multiply that bythe number redeemed and list that number As your Cost per share. You la have to do that calculation every Lime you make a redemption. Bui you should t redeem be cause the Mutual fund is changing from Load to no Load unless the fund is going to Lay on a llb-1 Pian which will be a constant Drain on share value and or a rear end Load in the form of a redemption fee or con Lingen deferred sales charge which will Cost you Money if you redeem at some future Date. If the fund is going to become Rue no Load you would be Wise to slay with it. Q. I recently redeemed shuts of a Mutual fund in which i invested Over � period of Turs. How can i. Iran the Cost basis of those shares the Shires were held by he fund s custodian Bank. A you received a confirmation statement every Lime you purchased shares with your own Money and every Lime you reinvested dividends and capital gains i lib unions. Those confirmation statements arc a record for the prices you paid for the shares you bought. You Don t need All those statements but you do need the annual statements summarizing each year s activity. All Mutual funds Send annual statements to shareholders. If you did l keep the annual statements Contact the Mutual fund and ask for copies. Many funds provide records of shareholders purchases reinvest ments and redemption free. But some charge for thai service especially when records have to be dug out from Many years ago be fore computers made the Job easy. For the week however the Blue Chip Index gained 17.60 Points. Broader Market indicators also gained on the week. The new York Stock eve Chance composite Index Rose 2,39 to 153.02 and Standard & poor s 500-Stock Index Rose 3.58 to close the week al271.81. Advances led declines 1,081-782 among the 2,152 issues traded. Big Board volume totalled 662,727,960 shares compared with 431,436,580 the previous week and 916,651,160 the same week a year ago. Stock prices Rose through wednesday amid sign Ofa year end rally As trading broadened somewhat to include stocks in inc technology Auto and other Sec tors As Well As Blue chips and stocks associated with takeover or restructuring activity. The gain in Stock prices came do spic concern Over an increase in the prime rate by major Banks on monday. Also on monday members of the organization of Petroleum exporting countries agreed to curb their production quotas. Oil stocks jumped on inc news. Volume was modest on the week How Ever and prices fell on thursday and Friday amid some futures related telling and a focus on Friday s november employment report which investors feared would show the Economy was growing at a robust rate. Those fears were heightened when the labor department reported the nation s civilian unemployment rate Rose 0,1 per cent in november but the Economy still added a surprisingly Strong 463,000 workers to non farm payrolls. Many Wall Stre Eiers were looking for an increase in non farm payroll jobs of less than 300,000, and he drop in Stock prices accompanied a weakness in the Bond Market. On the nose trading floor Rwjr Nabisco was the most Active Issue up 244 to 90v,. Kohlberg Kravis Roberts & co. Won the Battle for Rwjr Nabisco inc. After a round of dealing that captivated Wal Street. The Deal amounted to $25,07 billion on inc american Stock Exchange idea Max value Index Rose 4los to close the week at 295.27, while the National association of securities dealer Index advanced 0.05 to end at 373.91. Advances led declines 443-370 among 1,045 issues traded on the amen. Vol ume totalled 59,722,735 shares com pared with 30.095,945 traded a week ago and 59,780,575 traded in the same week a year ago. Block airline shuttle sole unions ask Washington a unions a Eastern airlines asked a Federal judge Friday to prevent the Sale of the airliners Northeast shuttle system to real estate Mogul Donald Trump saying that the Deal violates labor Laws. Lawyer for Easley say Hal in t so and they told the . District court the Sale is no different from other recent actions Eastern has taken to slim Down. No employees arc being forced out of Eastern airlines attorney John Gallagher declared. All shuttle employees can elect to remain at Eastern Eastern and Trump announced i mid october a $365 million agreement fund prices from Pagol 19 by which Trump would buy the shuttle which provides hourly flights betwee new York and Washington and new York and Boston and change it to the Trump shuttle. The Sale still awaits approval from the transportation department. Three unions representing pilots mechanics and flight attendants Al Eastern filed suit Here asking that the Sale be blocked pending a court decision on whether the Sale violates labor Laws. Sis Days of hearings began Friday be fore . District judge Borrin Gion Par Ker to argue whether an injunction should be issued. Partner cautioned both sides of the Dis Pute to limit the number of witnesses to ensure that the hearing will be conclude within the six Day period. Overall 14 witnesses were scheduled to appear. 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