European Stars And Stripes (Newspaper) - December 18, 1988, Darmstadt, Hesse Page 20 the stars and strikes sunday december 18.19b8 business news Friday rally pulls Market out of weel Dong slump by Brian up business writer new York Slock prices gained on the week after a rally on Friday helped pull the Market out of a we Klong slump. The Dow Jones Industrial average which gained 17.71 Points Friday closed at 2 50,71, up 7.22 for the week. Broader Market indicators were Down however. The new York Stock Exchange comp Silc Index dropped 0.43 to 1s5.i6 and Standard and poor s 500-Slock Index eased 0.36 to close the week at 318.70. Declines led advances 993-834 among the 2,165 issues traded. Big Board vol ume totalled 722,205,400 shares com investor s guide by Biu Doyle q. Recently my sister mid i were surprised to learn that our 81-year old Mother has $100,000 in inner Cost Brar Tufi accounts mostly certificates of Deposit. My sister birr jets that each cd matures the Money be used to buy series be . Savings Bonds in mothers name some payable on death id me and some in my sister. The Bonds would be kept in a Sale de posit Box we feel that since Mother lives alone and elderly people Are so Vulner Able this would be i Doyle Wise move. Do you agree a. It would accomplish what you have in mind but it would almost cd mainly reduce your Mother income. Although cd in Terest rates vary from Bank to Bank most pay More than be Bonds. The idea of putting your Mother s nest egg into the absolute safely of . Savings Bonds tucked away in a Safe Deposit Box is Good. Q. My series evs. Saving Bonds Are in co ownership form in my name or my daughter s name. 1 would like to hive her name taken off some of the Bonds and my grandchild s name put on. On others i would like my name taken off ind my daughter s name left on so she can use them As she pleases. Can this be done if so Haw a. Those changes can be made by filling out form pm 1938, then sending the Bonds and that form to the District Federal Reserve Bank serving your area. The Bonds will be reissued As you request. However assuming you bought the Bonds with your Money and your social Security number is on the Bonds you la have a tax prob Lem no lax will be due immediately in the Case of the Bonds from which your daughter s name is re moved and your grandchild s name put on. You la remain the principal co owner. When your name is removed from the other Bonds and your daughter s name is left on she will become the sole owner. That will be a taxable As the for Mer principal owner you will have to pay Federal income tax on All the interest that accumulated on up to the time they Are reissued. Flun cum riot Haft is Tome your Liburt. Vii pm Gnu 1� in in col tin a Lull. . Pm. Pared with 709,151,450 the previous week and 1,064,97 8,260 a year ago. Friday s rally helped Tarn the Market s focus away from several economic re ports released during the week including ones on Industrial production capacity utilization housing starts business inventories producer prices retail sales and . Merchandise Trade deficit data. Markel players had been eagerly awaiting the reports in Hope they would give a solid indication As to the econ omy s growth rate and whether interest rates would be raised further. Collectively however the reports gave mixed signals about the Economy and did Little to raise buying interest. Inco limited sex dividend was the most Active Issue on the nose trading floor up 1% o 24%. Rwjr Nabisco followed o t % to 89. Detroit Edison was third off to to 16 a. At to was unchanged at 29 a ism Rose it to 121 general electric fell % to 45, general motors fell a to 85% and Sears fell lalo40vi. First Fidelity ban corp fell 8w to 2%t. The company expects bad Loans to Force it to Post a loss of at least $145 million in the fourth Quarter Caesars world Rose 7vt to 32w. Real estate entrepreneur Donald Trump asked the securities and Exchange commission for clearance to buy 15 percent or More of Fth los Angeles based concern. Tiger International Rose 5% to \9vi, the company agreed to be acquired by Federal express for j20.875 a share. On the american Stock Exchange the Macx Market value Index fell 0.02 to close the week at 297.37, while he National association of securities dealers Index Rose 0.59 to end at 375,80. Declines led advances 445-367 among 1,047 issues traded on the Ames. Voi ump totalled 49,186,730 shares com pared with i 1,212,440 traded a week ear Lier and 74,259,885 traded in the same week a year ago. Texas air led the amex weekly actives off i to 11w. Shipper s Parent targeted for buyout los Angeles a Federal express corp. Agreed Friday to buy the Par ent of the flying Tiger air freight line in an $880 million Deal that would give the overnight package company a foothold in the International air cargo business. The Purchase of Tiger International inc. Would Combine Federal express the nation s biggest express package shipper with the cargo Carrier founded by . Pilots who volunteered to Fly for China in the Early years of world War it. Under an agreement approved by the boards of directors of both companies Federal express will make a $20.87 Vij a share Cash Lender offer tuesday for Tiger International s 40.8 million common fund prices from page19 of Fol us Kofl Miriall dim 9u11.11 of 74 97410j2 1022 04 10.79 1d7lt ,01 i0,� 1099sob ism. To 10,29 us i .01 1926 10�105s Iii. 1017 i097 Juji 1071 1071 a Nus in Utt .01 a map tl510t i Lutho ii h 11.92-.01 a Tali Nimol Tolci. Asm sit Bane cow. On Tofu Gimp guru Ottlo . Mill i i i in Titan out i of Capon. Ftp Lull Takii Trtol. Uhm. 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Federal express dipped so cents to $46.75. The offer is conditioned on at least 50.1 percent of be Tiger International Stock being tendered. The merger is subject to the approval of the . Transportation department and antitrust clearance from the Justice department. Stockholders of both Corn panics must also vote on the buyout. Federal express which covers the United states with 104 cargo jews and 137 smaller planes has had its Eye on the International Market for some time and has established routes to Brussels and Tokyo. Federal express carries overnight and second Day letters and packages of up to Iso pounds. The company has 63,000 employees worldwide. Flying Tiger with 37 cargo jews and to passenger airliners has scheduled cargo service to North America South America Asia Europe the South Pacific and the Middle East. A step a atm Dhoti ofte Polo Poilu. 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