European Stars And Stripes (Newspaper) - March 19, 1989, Darmstadt, Hesse Page 20 the stars and stripes sunday March 19,1989 business news Dow Jones up for week despite late plunge new York up the Stock Market turned in a mixed performance last week after a Host of economic reports caused confusion As to whether higher interest rates would be needed to curb inflationary pressures. The Dow Jones Industrial average which plunged 48.57 Friday closed at 2292.14, up 10 Points for the week. Broader Market indicators retreated. The new York Slock Exchange composite Index dropped 0.19 to 164.66, while Standard and poor s 500-Stock Index fell0.19 to end the week at 292.69. Declines led advances 1,150-698 among the 2,160 issues traded. Big Board volume was 886,478,190 shares compared with 798,813,200 the previous week and 875,793,460 year ago. Prices took their worst beating in 11 months Friday after the government said the february producer Price Index shot up 1 percent earlier in the week however investors were encouraged by reports on retail sales Industrial production and housing starts which suggested some moderation in economic growth and an casing of inflationary pres sures. The government said february housing starts fell 11.4 percent capacity utilization eased to 84.3 percent and Industrial production remained Flat analysts said those reports helped to create a feeling that further interest rate hikes May be unnecessary which would help the Market since High rates tend to make fixed income investments More attractive than stocks. On the trading floor at to was the most Active Issue gaining 1 it to 32. Hospital corp. Of America followed adding a to 49%, and Citicorp was third jumping 3 to 28. Blue chips were mixed. Philip Morris advanced i a to 116%, american express Rose a to 30 a coca cola gained 2 to 50w and scan added i to 43. Union car bide fell v4 to 30 a and general electric cased a to44 a. On the american Stock Exchange the Macx Market value Index Slid 0.56 to end the week at 328.36. De Clines led advances 473-339 among 1,026 issues traded. Amex volume Rose to 68,231,210 shares compared with 65,282,495 shares traded a week earlier and 54,416,280 traded in the same week a year ago. Dog corp. Led the Macx actives rising 1 % to 14. Investor s guide by Bill Doyle 0. We have a broker Friend who advised us to invest $15,000 in a Mutual fund holding government Bonds and thereby have an income of is 20 a month. We did about two years ago. But people told us that our broker Friend took a commis Sion of about $4,000 from our $15,000 and that our investment Isnow Worth about $11,000. I have enclosed a photocopy of the latest monthly statement we got with our $120 Check. Can you look at it and Tell if we could get our $15,000 Back a. The statement shows you own 1,120.75 shares of a Mutual fund whose present per share value is $11.08. Sim ple arithmetic shows you investment now is Worth$12,417.97. What those people told Doyle you is partly Correct. But the com Mission most of which went to your Friendly broker was t $4,000. Ii was $1,012.50. That particular Mutual fund has a 6.75 percent sales after $1,012.50 6.75 percent of $15,000 was deducted fro your investment you had shares Worth $13,987.50. Things continued downhill from there. Over the past two years in Terest rates have risen taking the Market prices of Bonds and Mutual funds holding Bonds lower. That has further reduced the value of your investment More important the statement shows you have a withdrawal plan which provides the $120 monthly checks. That Money comes from dividends paid on the shares you own and when the dividends Are insufficient shares arc automatically redeemed. Q. My wife and i put s2.2so into a Mutual fund individual retirement account and took a tax deduction for that amount. The fund paid s67s in dividends which we re invested. The current value of our shares is Only $2,650. If a redeem All our shares and withdraw the Money from the Ira will we pay tax on $2,650 or $2,925? a. On $2,650 or whatever the value of the shares happens to be at the time you redeem. The Money you put into the Ira was deferred from income tax. Earn Ings on an Ira such As the $675 dividends also Are deferred. All the Money you finally with draw from the Ira will be fully taxable As Ordinary income. Apple wins crucial Legal round san Francisco a a Federal judge gave Apple computer inc. An important Victory Friday in its Legal Battle with fellow computer giants Microsoft and Hewlett Packard Over the visual Dis plays for Apple s macintosh system. . District judge William Schwarzer s tentative ruling held that a 1985 Apple Microsoft licensing agreement did not entitle Microsoft to produce a Dis play program called windows 2.03, the target of the copyright lawsuit that Means Microsoft May not claim permission from Apple to Market a pro Gram with visual displays similar to those in the macintosh Apple s biggest Selling Model. But the Case is far from Over. Apple still must prove that window Sis substantially similar to the macintosh menu screen graphics distinctive for the use of icons pictorial sym Bols such As file drawers and wastebaskets rather than written commands to enter and use the computer system. Microsoft and Hewlett Packard which uses the windows display for a computer program called new wave contend that Apple s program was not original but was derived from other companies work. They also argue that the graphic Sapple is trying to protect arc no More than Basic ideas like the use of office equipment As symbols. Ideas cannot be copyrighted Only expressions of ideas. Courts have also refused copyright Protection when an idea can be expressed i Only one Way. A verdict that gave Broad protections topple s user Friendly displays could keep Microsoft s program off International Busi Ness machines equipment with which it is compatible. The verdict could also slow the development of software for systems such As windows and new wave. 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