European Stars And Stripes (Newspaper) - January 22, 1989, Darmstadt, Hesse                                Page 20 the stars and stripes sunday january 22,1989 Dow climbs More than 9 Points on week new York up the Stock mar Ket advanced last week As buying activity led by investors hoping to capitalize on any further gains overshadowed occasional sell offs tied to economic con Cerns. The Dow Jones Industrial average which cased 3.75 Friday closed the week at 2235.36. For the week the Blue Chip Index gained 9.29 Points. Broader Market indicators also Rose. The new York Stock Exchange Compo site Index climbed 1.58 to 161.16, while Standard & poor s 500-Stock Index advanced 2.76 to close the week at 286.63. Advances led declines 1,117-728 among the 2,157 issues traded. Big Board volume was 806,824,480 shares investor s guide by Bill Doyle q. As a gift for my wonderful wife i am looking for an invest ment i believe is a Little out of the Ordinary. I would like to establish a substantial investment for her with the priorities being investment safety and income. The part that is out of the Ordi nary is my desire that she be Able to use both the income and the in vestment principal through a credit card and or a checking account. Is it possible to set up such an arrangement a. Sure. You re looking for an asset management account which you will find available at Many Securi ties broker age firms. That Type of arrange ment has also been called on umbrella j r All in one account Cate you put Doyle As the words Indi into it Cash and or securities. The Money Mutual Cash goes into a fund. Dividends and interest from the securities Are automatically swept into the Money fund. If you set up such an account for your wife she will be Able to write checks against her balance in the Money fund. Most asset manage ment accounts also provide either a credit or a debit card. Many allow the customer to borrow the margin loan value of the Securi ties in the account. All types of securities can be held in an asset management account. Since safety is your first priority . Treasury securities would be the logical Choice. Q. Over the last 10 months i have been a Small trader buying and Selling about 15 stocks each in the $5,000-to-$6,000 Range. At any Given time i have $7,000 to $10,000 in the Market. Over that time my profits have been about $1,600, while the brokerage commissions have been about $3,500. As you can see i received Only 31 percent of the profit and the brokerage firm got the rest. In t there some Way to ensure an investor a fair percentage of the profits a. No Way at All the customer and the brokerage do not share or split profits or losses from the customer s transactions. The customer gets All the profit or All the loss. The brokerage gets All the commission no matter what result the customer enjoys or suffers. Compared with 767,705,790 the previous week and 775,664,300 a year ago. The Market s gain was caused mostly by a Strong Advance wednesday when a Surprise rebound in the Dollar following news of a Sharp increase in the . Mer Chandise Trade Gap in november led investors to go on a buying spree. The Commerce department said the november merchandise Trade deficit widened to $12.5 billion up from $10.35 billion in october and Well above analysts forecast of $11 billion. Buying momentum spilled Over into thursday s session As investors hoping to capitalize on any further gains in the Market overshadowed those who staged a minor sell off on fear that those gains possibly would not come. The midweek gains allowed several Market barometers to Post their highest closing Levels since the Market crashed oct. 19, 1987. On thursday the Dow closed at 2239.11 while the up 500 Stock Index closed at 286.90. Somewhat stronger sell offs sur rounded the Market s midweek Advance causing prices to Tumble. On monday and tuesday buyers headed for the Side lines prior to the release of the Trade data. They returned there Friday when the Dollar weakened after its midweek rally. Analysts said the occasional sell offs were not cause for concern As they Al Lowed the Market to consolidate its re cent Advance. We be had a Heck of a rally in the last nine weeks so a Little profit taking. Is in order said Alfred Goldman Market strategist with . Edwards and sons inc. In St. Louis. Stocks linked to takeover activity or the influx of earnings reports were the most Active with Caterpillar and digital equipment showing huge net changes based on their profits. On thursday Caterpillar plunged More than 6 Points after the company reported weak fourth Quarter earnings of $1.61 a share. The company also forecast Flat earnings for 1989 because of higher Start up and new program costs for factory modernization and new product development. The Stock fell 75/s to 597/s on the week. Digital equipment surged More than 5 Points thursday after it reported net Sec Ond Quarter earnings of $2.20 a share higher than the $1.90 forecast by analysts. The Stock soared 7 a on the week closing Friday at 107%. Analysts predicted the Market would continue its recent rally for at least an other few weeks fuelled by institutions with Large Cash reserves. On the trading floor Texas Eastern was the most Active Issue soaring 17 to 47 a. On tuesday coastal corp. Launched a $42-a-share, or $2.6 billion takeover bid for Texas Eastern. Rwjr Nabisco followed up is to 94%. Kohlberg Kra is Roberts and co. Said tuesday that it had received commit ments in excess of the financing required to Complete its $24.9 billion take Over of Rwjr Nabisco. At to Rose a to 29- /2 on the week. 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Time a frequent target of takeover re mors soared 5% to 111 %. The company said it authorized an Extension of its Stock repurchase program under which it will repurchase 20 million shares instead of 10 million shares. Affiliated publications Rose 4 /4 to 40 a. The Parent company of the Boston Globe said it would spin off its interest in Mccaw cellular communications to shareholders. On the american Stock Exchange the amex Market value Index Rose 3.59 to close the week at 319.52, its highest Clos ing level since the crash. Advances led declines 476-358 among 1,033 issues traded on the amex. Vol ume totalled 48,912,375 shares com pared with 52,040,935 traded a week ear Lier and 44,048,955 traded in the same week a year ago. Texas air led the amex issues on the week up l /4 to 14 /4 amid talk that an investor group May make a takeover offer for its Eastern airlines unit. The National association of securities dealers Index Rose 4.57 to 391.66 on the week. 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