European Stars And Stripes (Newspaper) - December 11, 1988, Darmstadt, Hesse Page so the stars and stripes sunday december 11,19bb investor s guide by Bill Doyle q. Haw can i Bay stocks without using the services of � broker thereby siring commissions a. In theory you can buy Stock or anything else from anyone who owns what you want to buy. If you wish to buy 00 shares of Xyz corp. Slock and know someone who owns 100 Xyz the two of you can Han dle the Deal on your own. After agreeing on a Price you pay the seller and the pair or you Exchange written proof Doyle of the transaction. The seller fills out the assignment farm on the Back of the Stock certificate and has the signature guaranteed by a brokerage firm commercial Bank or rust company. The certificate is sent to the Stock s Transfer agent by registered mail return receipt requested for safety s Sake. The Transfer agent issues a new certificate in your name and sends ii to you. The trick is to locate the owner of Slock you want and to set the Price. That s where brokers nor Mal 1 come in. Brokerage firms have Access to Stock exchanges and the Over the counter Market. Individual investors do not. However after making you first Purchase you can buy More shares of the snipe Stock without using a broker if there is a dividend reinvestment plan drop i that Stock. More than 1,000 companies have such plans through which stockholders use their dividends to automatically buy additional shares. Many drops have optional additional investment features Al lowing stockholders who have signed up for dividend reinvest ment to Send in Money to buy mores arcs. Although details vary from com Pany to company the typical Dorphas no commission charge. Some even permit purchases at Small discounts from going Market Sharp investors make Small initial purchases through brokers and then increase their holdings through drops. Q. Seventeen week ago asked my broker to deliver to me the certificate for 100 shares of Stock his firm holds for me. In thai rime a dividend was paid but i we not Able to join the dividend reinvest men plan i still have not received the certificate. Dent you think this is foul How can i most effectively complain a. It s what in Ray youth we called Diry All Loo Many brokerage firms do not want their customers to sign up for drops because no commissions Are collected. Delivery of a certificate Forelock held by a brokerage firm can be. Accomplished in a matter of Days a week at he most. In your shoes i d do some desk pounding at that brokerage office and take future business else where. Complain to the securities and Exchange commission. That won t right the wrong done to you. Bui the Sec should be mad aware of that brokerage firm s mis deed. -. King f a Law Clunn Fott Doytt of come voter or Tami. You an write la him in Unel us suit lat Sotyn. Apo obji1.u business news Blue Chip Index rises 51.21 new York. Up stocks rallied on monday and tuesday but showed signs of fatigue by wednesday when excitement about a new Stock a bundling package and cutbacks in soviet troop Levels cased enough to cause profit Tak ing through the rest of the week. The Dow Jones Industrial average which Rose 1.78 Friday closed the week at 2143.49. Although Friday s Advance was Model the Blue Chip Inden got a big enough boost monday and tuesday to raise it 51.21 Points on the week. Broader Market indicators also new York Stock Exchange Compo site Index Rose 2,57 to 155.59 and Stan Dard and poor s too Stock Index rose5.90 to close he week at 319.06. Advances led declines 1,087-763 among Ike 2,163 issues traded. Big Board volume totalled 709,151,450 shares compared with 662,727,960 the previous week on monday american express Dow chemical of incr inc. And Sara Lee plans for a new package of securities they intend to use As an invest ment vehicle to buy Back Slock by exchanging common snares for nov Securi ties known As unbundled the Slock units developed by Shear son Lehman Mutton inc., essentially Are recreating a share of common Stock by spinning u into three components one part debt and two parts equity. By exchanging Slock units for common shares the companies intend to lower their cents of capital by minimizing interest costs increasing earnings per share an maintaining Highfi credit ratings. The introduction of the units which could help thwart unwanted takeovers helped pull the Stock Market out of a slump that occurred late in the previous week stocks Rose sharply on monday and tuesday and moved higher again wednes Day amid rumours Thal evict Leader Mik Hail Gorbachev would announce cutbacks in the soviet military in a speech at the United nations wednesday analyst said the consensus on Wall Street was that a reduction in soviet troops would Case . Defense spending. Gorbachev delivered the expected news at midday wednesday but by then the Market had digested it and was looking ahead to this week s expected release or several economic reports and a meeting of the Federal reserves open Market com Mittee us policy making Arm. Prices tumbled thursday and posted Only modest gains Friday amid profit Tak Export farm sates stage comeback in California Sacramento Calif. Up sales of California farm products to foreign countries staged a comeback last year with Japan remaining the top customer the state department of food and Agri culture has said. In its annual report on crop exports the Ufa said Stiles outside the United tales totalled $3.337 billion in the i9s7 Calendar year. Thai was an increase of 18 percent Over the $2.838 billion sales figure Tor 1986, Bui still Well below the record s4.198 billion figure achieved in 1981,the last year before the farm recession of the 1980s. Ing ahead of this week s economic events. Analysts said investors were hoping the reports and meeting would not Lead the Fedilo Lake step to raise interest Rales. On the nose trading floor Long is land lighting was the most Active Issue off 3 to 12 it. A jury found the Utility guilty of violating a racketeering statute opening the door to a class action suit involving almost $2 billion in damages. Rwjr Nabisco followed off 114 to 89. Occidental pc oleum was third off Stolsw. Ism Rose i it to 120 on the week. At to Rose veto 29%. At to and us sprint were awarded Doua contracts to build a new digital phone system for the government. Trading surrounding takeover issues real or rumoured was relatively Active Trade is said. Among such issues Texaco Rose 3 w to 5014 amid rumours that Twa chairman can Icahn might wage another proxy Battle for control of the Oil company after his defeat last Spring. Fg1c Rose. 3 to 22 on news that general electric offered 122.so a share for the company. On the american Slock Exchange thealex Market value Index Rose 2.34 to close the week at 297.61, White the National association of securities dealers Index Rose j.29 to end Al 375.21. Declines edged advances however,429-409 among 1,053 issues traded on the amex. Volume totalled 51,212,440 shares compared with 59,722,735 traded week earlier. 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