European Stars And Stripes (Newspaper) - February 26, 1989, Darmstadt, Hesse                                Page 20 the stars and stripes sunday february 26,1989 business news Market drops nearly 80 Points on week new York up the Stock mar Ket last week posted its sharpest weekly decline since last August As investor staged two major sell outs in response to some Strong economic data and an in crease in interest rates. The Dow Jones Industrial average plunged 43.92 Friday closing the week at 2245.54. The Dow lost 79.28 Point son the week or 3.4 percent. Broader Market measures also  new York Stock Exchange Compo site Index dropped 4.73 to 161.72, while Standard & poor s 500-Stock Index Slid 9.63 to close the week at 287.13. Declines trounced advances 1,430-416 investor s guide by Bill Doyle q. I invested heavily in Mutual funds after the 1987 Stock Market crash because of my desire for financial Security. Then you scared the daylights out of me when you advised one of your readers to stay away from Mutual funds because they Are  say it Ain t so a. I can to for the simple reason it is so. If you were under the impression you were taking on no risk when you mad those invest ments in Mutual funds you were wrong. As has been stressed As Long As i have been pounding out this column there is risk Doyle in almost All Mutual funds. The exceptions Are Money Market Mutual funds which have virtually no risk. That Type of fund holds Short Ter debt securities As investments and uses accounting methods to keep the fund s Price constant at $1 per share in most cases. The values of shares of All other types of Mutual funds can Rise or fall in line with the Market prices of the securities each fund holds. Do you have some notion that values of Mutual fund shares held steady in the 1987 crash not so Mutual fund share prices plunge along with the rest of the Market. This is not meant to frighten anyone. It s simply a reminder that people who want to avoid risk should stay away from individual stocks and Mutual funds. Q. We invested $60,000 in a government Bond Mutual fund about a month ago. We did this through our Bank As we were promised 12 per cent interest. We Are retired an this represents about one fourth of our savings. Do you agree this is Good investment a. It could be but you won know until you have held it for a while. However it will not pay 12percent interest. To begin with the Mutual fun yield Survey by Lipper analytical services lists the average yield of government Bond Mutual funds at 7.96 percent. If someone at your Bank prom ised you 12 percent or any other yield that person broke the Securi ties Laws. Mutual funds and their agents Are specifically prohibited from promising anything. Every Mutual fund prospectus must make the Point that past performance is no guarantee of future results. King features columnist Doyle welcomes you letters. You can write to him in care of the stars and stripes Apo 09211, . Forces among the 2,125 issues traded. Big boar volume slowed to 616,181,810 shares compared with 785,683,640 the previous week and 955,527,200 a year ago. News wednesday of a 0.6 percent in crease in january consumer prices the biggest monthly leap in two years led Toa sell off As investors became worried that the fed would take Steps to raise interest rates to combat inflation. The sell off which caused the Dow to drop 42.50 Points was aided by remarks by fed chairman Alan Greenspan who told Congress the Sharp Rise in consumer prices was  Greenspan reaffirmed his View that the risks in the Economy tend to lean toward inflationary pressures which could build if any attempt is made to lower interest rates Over the Short term. The other major plunge came Friday when concerns about higher interest rates became a reality. Chase Manhattan Bank raised it prime rate a half Point to 11.5 percent. Several major Banks followed suit. Emhart was the most Active nys Issue soaring 8% to 39%. Topper l.p., a partnership formed by the Fisher real estate family and Gordon Getty offered$35 a share for the company. Among Blue chips at to fell 1 % to 293/4, ism fell 4 /8 to 121 Union car bide fell 1 a to 30 a general electric fell15/s to 45 a and Exxon fell 1 % to 43%. Gold stocks a traditional hedge against inflation advanced. On the american Stock Exchange thealex Market value Index fell 4.46 to close at 321.49. Declines led advances561-240 among 1,015 issues traded. Vol ume slowed to 44,432,000 shares com pared with 55,072,615 traded a week ear Lier and 50,552,045 a year ago. Echo Bay mines led the amex Active rising l /8 to 16. The National association of securities dealers Index fell 7.23 to 399.96. Mass police break shoplifting ring it Khz Tel a to a i of � t y a t \ _ _ North Adams mass. A a shoplifting ring broken by police used teen agers and mentally retarded people to return stolen merchandise for Cash re funds in stores throughout the Region police authorities said saturday. At least five people were involved inthe operation that allegedly netted thou Sands of dollars in hardware appliances and clothing in stores from Bennington,vt., to Pittsfield mass., police said. The youths and retarded people were used to protect the ringleaders from exposure said detective Robert j. Canale. Young people usually Between 13 and 15, and the mentally retarded were Les Likely to refuse to participate he said. It was possible he added that the retarded people might receive less scrutiny at the return counters of stores. They would give them a Small gratuity for doing it for them Canale said. They would steal it out of the store come right out into the parking lot and have someone else go right in and return it. We had $2,000 to $3,000 stolen in on Day in North  so far two people have been arrested and charged. Both pleaded innocent. I expect to make another arrest with in the next three to four Days and Proba Bly we re looking at a couple More after that Canale said. None of the youths or mentally retarded people had been arrested Canale said and he added that he did not have an exact count of How often they had been used bythe ringleaders to return goods. The stolen goods ranged from video cassette recorders to Chain saws to elec tric blankets. Not All the stolen property was returned for Cash Canale said. Detective James Burdick who also worked on the investigation was critical of return policies at some stores where goods were returned with apparent ease without sales slips. Canale added that some stores were not even Able to confirm that some Sto Len goods had been taken from their shelves. 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