European Stars And Stripes (Newspaper) - January 15, 1989, Darmstadt, Hesse Page 20 the stars and stripes sunday january 15,1989 buyers drive Stock Market to Post crash High new York up Stock Price posted Sharp gains last week As institutions and other investors staged buying spree that drove several key Market indicators to their highest closing Levels since the 1987 crash. The Dow Jones Industrial average investor s guide by Bill Doyle q. I want to be certain All the Treasury Bonds bought by my de ceased relatives years ago have been cashed. Some of those Bonds might have been thrown out after my relatives deaths. Does the Treasury keep a record of uncashed Bonds decades after the Bonds should have been redeemed a. Yes. Write to the correspondence and claims Branch Divi Sion of Cus Tomer serv ice Burea of the Public debt 30013th Street s.w., Washington . 20239-0001. You should pro vide your relatives names and Doyle dresses social Security numbers and any other information you have such As maturity dates Issue dates denominations and interest rates of the Bonds you suspect your relatives owned. Serial num Bers would be especially helpful if you could find them. Q. When it started a couple of years ago the Treasury direct method of purchasing Treasury ills notes and Bonds through fed eral Reserve Banks seemed to Bethe Best Way. Ownership is recorded in computers so there is no worry about safeguarding certificates. Semian Nual interest payments discounts on the Purchase of t Bills and the face value of All three types Are automatically deposited in my ban account. However i have run into prob lems. My Treasury direct statements of account showed i Wasto receive to Bill discounts on april 21 and on july 7. My Bank did noncredit those payments until april 22 and july 8. I went to the District Federal re serve Bank. I was told they never change the dates and that my local Bank delayed crediting the Money to my account. I phone my Bank and they insisted the computer tape received from the Federal Reserve said not to credit the Money until april 22 and july 8. Who is using this Money for the elapsed Days not Only mine but thousands of other Peoples i havea feeling the Federal Reserve is at fault and i resent it. What do i do next a. Direct your resentment to Ward your Bank. When you have a Treasury direct account interest discounts and or matured Securi ties Are sent to the Bank account you have designated. The Federal Reserve sends the Money electronically. Regulations specify that Bank receiving Treasury direct pay ments must credit their customers accounts no later than the pay ment dates. The Only exception to this Rule is when your Bank or the District Federal Reserve Bank disclosed. Then crediting must be on the next business Day. That did not apply in your Case. Which Rose 3.75 Friday closed the week at 2226.07, its highest closing level since the Market collapsed on oct. 19, 1987. For the week the Blue Chip Index gained 31.78. Broader Market indicators also pos Ted new recovery highs. The new York Stock Exchange composite Index Rose 1.62 to 159.58, while Standard & poor s 500-Stockindex advanced 3.20 to close the week at 283.87. Advances led declines 1,170-709among the 2,164 issues traded. Big Board volume totalled 767,705,790shares, compared with 613,615,280 in the week of Jan. 2 and 817,326,650 year ago. This has been an optimistic week said Harry Miller a portfolio analyst with interstate Johnson Lane corp. In Atlanta. We a lot More Money coming into the Miller and other analysts said the Market displayed results of the Jan uary effect a tendency to Rise at the Start of the year As institutions invest huge funds tied to pension and profit sharing plans into the Market. Also credited with fueling the mar Ket were futures related buy pro Grams which kicked in wednesday and thursday after Stock Index futures Rose to High premiums Over the underlying stocks. Traders made profits by Selling the futures and buying the stocks. Stock prices Rose every Day but tuesday when concern about overvalued equities in the face of possible higher interest rates and further weak Ness in the Dollar led to a modest sell off causing the Dow to lose 6.25points. There was profit taking thursday and Friday but the downward pres sure was mitigated by renewed buying interest As investors became con Vinced there was room for Advance ment before the Market s rally which is now 9 weeks old peaked. Assessing the Market s Short Ter Outlook Miller predicted buying momentum would drive the Dow Indus trials even higher Over the next few weeks. Ricky Harrington technical analyst with interstate securities corp. In Charlotte n.c., agreed. The rally in t Over yet. Within the next few weeks we should see the Dow reach 2,250 to 2,260." on the trading floor Rwjr Nabisco was the most Active Issue up 1 /4 to 943/4. Kohlberg Kravis Roberts & a consortium of International Banks to provide Loans totalling $13.4billion to help finance its Rwjr Nabisco takeover. Cente rior Energy followed up 1 /2to 15 /2. The Stock went sex dividend Friday. Smithk me Beckman corp. Was third up 2 to 52 /2. Traders said the drug company has become a takeover target due to its sagging performance for More than a year. At to Rose �/4 to 29 and in jumped 1% to 123%. Among other Blue chips general motors Rose 2 a to 88, us Rose /4 to31 /4, Sears Rose is to 42 and Eastman Kodak fell % to 44 7/8. Pacific resources surged 4% to18%. Broken Hill proprietary began a $ 19-a-share tender offer for the Honolulu based Oil trading company on thursday. Ray chem plunged 33a to 3p/4 on news that the company expects Sec Ond Quarter earnings to be much lower than a year ago because of a drop in sales. Mill pore fell 3 a to 31 is on new sits fourth Quarter net sales were expected to be below estimates by analysts. Kollmorgen Rose 25/8 to 24. Verni tron corp. Has made a $23-a-share tender offer for the company. Merck jumped 2 /8 to 60%. A stud published thursday in the new eng land journal of Medicine showed favourable results from an ulcer drug Merck plans to Market. On the american Stock Exchange the amex Market value Index Rose 4.53 to close the week at 315.93, it highest closing level since the crash. Advances led declines 477-372among 1,044 issues traded on the amex. Volume totalled 52,040,935 shares compared with 38,915,855 traded in the week of Jan. 2 and 43,819,685traded in the same week a year earlier. Ensco led the amex issues Las week up /4 to 25/s. The National association of Securi ties dealers Index Rose 2.33 to 387.09. 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