European Stars And Stripes (Newspaper) - February 12, 1989, Darmstadt, Hesse                                Page 20 the stars and stripes sunday february 12,1989 business news interest rate fears push Market lower new York up the Stock mar Ket suffered a Broad Retreat last week pulling the Dow Down from a new recovery High to below 2300 amid signs that . Interest rates would move even higher to Dampen inflationary pressures. The Dow Jones Industrial average which plunged 36.97 Friday closed the week at 2286.07, Down 45.18 Points on the week or 1.9 percent. The 30-Stock Index has now declined in seven of the past eight sessions. The Only Advance on the week came tuesday when the Dow jumped 26.07 to investor s guide by Bill Doyle q. If people had their Money in safes at Home rather than in the Stock Market or in Banks before 1929, would t they have been bet Ter off at least they would have had their Cash even though it would t have been growing or earning any interest. A. In general you Are Correct. Prices of virtually All Stock plunged in \ october 1929 and with minor interruptions kept falling through the of Thede set middle1932, As great press Ionin. As measured by the popular aver Doyle Ages Dow Jones Standard & poor s and such Stock prices did t recover to their 1929 highs until the mid-1950s. The history lesson there is Clear. Folks who avoided the Stock mar Ket prior to the 29 crash came out ahead financially. Things were not that Cut and dried where Banks were concerned. Many Banks and savings and loan associations did go bust in the Early 30s, causing depositors to lose part or All of their Money. But most Banks and a is survived and their depositors came through unscathed. Q. I have certificates of Deposit at a number of Banks and a is. Each seems to use a different for Mula for figuring interest. Which formula is Best for me How about simple interest a. Unless your cd has a term of one year or less and the interest is quite High simple interest is the worst. The Best is a High rate of inter est with frequent compounding. Compounding of course is the process of paying interest on inter est. There is no compounding with simple interest. Semiannual com pounding beats annual compound ing quarterly beats semiannual monthly beats quarterly daily compounding beats them All. However there Are Many ways to calculate interest even at the same quoted rate and with the same frequency of compounding. So the Wise thing to do before putting Money into a cd or any other interest paying investment is to ask the Bank for the annual percentage yield the actual amount your Money will earn Overa year s time. For example a cd with an 8.25 percent annual percentage yield will pay $8.25 interest per $100. King features columnist Doyle welcomes your letters. You can write to him in care of the stars and stripes Apo 09211. . Forces close the Day at 2347.14, its highest close since the october 1987 collapse. Analysts credited general motors announcement of a Stock split and dividend increase As the spark behind the Brief renewed buying interest. But it was All downhill from there. The Dow fell 3.93 on wednesday and 20.17 on thursday before it suffered its biggest one Day loss in three months. Prices tumbled at the opening Bell Fri Day after the labor department reported that january producer prices jumped 1 percent the largest monthly increase since april 1981, and far above Market forecasts of around 0.5 percent. The data heightened concerns that the Pace of inflation would Force the Federal Reserve to further tighten monetary policy and credit conditions. Broad Market indicators pulled Back last week. The new York Stock Exchange composite Index fell 2.49 to 164.01, while Stan Dard & poor s 500-Stock Index lost 4.65 to close the week at 292.02. Declines led advances 1,159-698 among the 2,163 issues traded. Big Board volume totalled 955,486,870 shares compared with 934,030,950 the previous week and 897,255,540 a year ago. On the trading floor Union Carbide was the most Active Issue gaining % to 283/4, As leveraged buyout rumours surfaced at midweek. Burlington resources followed jumping 8% to 48, amid speculation that Pennzoil was boosting its stake in the company. On the american Stock Exchange the amex Market value Index fell 2.11 to end the week at 322.77, while the National association of securities dealers Index dropped 3.98 to 402.37. Declines led advances 486-359 among 1,043 issues traded on the amex. Volume totalled 62,438,645 shares compared with 66,229,695 traded a week earlier and 43,148,315 traded in the same week a year ago. Wang labs class b led the amex actives Down /2to9 /2. 3 japanese sports cars make debut Chicago a three new sports cars from Japan that Range in Price from $14,000 to $60,000 were on Center stage As the Chicago Auto show lifted its cur Tain saturday. The show which Bills itself As the world s greatest had some of its Thunder stolen this year by the revamped Auto show in Detroit last month where two new japanese luxury car lines were presented for the first time. Nevertheless Mazda Nissan and Honda chose to introduce their latest entries in a shrinking two seat sports car Market at the Chicago show. The show is expected to draw More than 900,000 people More than 30 percent Over the attendance at Detroit s show. The Mazda motor corp s mx-5 Miata is a roadster with its design rooted in the 1960s. With a Price of $ 13,000 to $ 14,000 when it arrives in july it is designed to fill a part of the Market vacated by other imported two seaters whose prices have risen. One of the upscale cars is Mazda s own rx-7 line which has been redesigned for Sale later this year. The rx-7 carries a Price tag of $17,000 to $26,000. Nissan motor corp. Ltd s 300zx is a redesigned version of a current car. The new 300zx has new suspension four wheel steering anti lock brakes and Power steering system. The name was retained because both cars have 3.0-liter engines. Nissan underwent a Complete metamorphosis and the new a car was devel oped said Katsuo Yamada Nissan s Gen eral manager for production planning. The Coupe will be available in april and will Cost in the upper $20,000 Range. The new japanese sports car most Likely to get sports car buffs attention is the prototype of Honda s new Acura two seater. It s a mid engine rear wheel drive car that resembles a Ferrari Testagrossa. The car code named is a Cost tens of millions of dollars in research and development Honda officials said. Production will begin the Middle of next year they added. Officials estimated it will Cost be tween $50,000 and $60,000. 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