European Stars And Stripes (Newspaper) - April 23, 1989, Darmstadt, Hesse Page 20 the stars and stripes sunday april 23,1989 business news Dow passes 2,400 for 1st time since 87 crash new York up the Slock mar Ket rallied above the 2,400 ivc on the Dow Jones Industrial average last week forthe first Lime since the oct. 19,19s7, crash. The Dow Jones industrials which soared 32.08 Friday to close at 2409.46, gained 72.40 Points or 3.1 percent for the Market indicators also closed higher. The new York Slock Exchange composite Index climbed 4.01 of 172.90, and Standard so poor s 500-Slock Index jumped 8.2510 end the week at 309.61. Investor s guide Bibl Ledoyle q. My wife and i have till our Stock certificates to estered in both our names As joint tenants with right of survivor ship. When one of undies How docs the sir visor have the Slock transferred to her or his name alone More important How docs the remaining spouse sell the Stock a. The change from join ownership to ownership by the surviving spouse is accomplished through the Stock s Transfer agent. His Nam and address is listed in each company annual report. The surviving owner is required it Sig the assign ment form on the Back of he certificate or a separate Stock Power form and have his or her signature Doyle guaranteed by a brokerage firm,1 commercial Bank or Trust company. He or she must also provide a certified copy of the death certificate and a notarized affidavit of domicile telling where the dead owner lived. Check All this out with each Transfer agent before sending the certificates and he necessary papers by registered mail return receipt requested for safety s Sake along with instructions on How to Register the certificates and where to mail them. The Transfer agents will destroy the old certificates Issue new ones properly registered and Send them Back. The surviving owner then can sell the stocks just us mocks arc Al ways old. A Short Cut can be taken and the stocks sold before the certificates Are transferred by provid ing All the documents listed above to a broker. Q. I am getting married and want to change my Maiden name on my Stock certificates to my married name. I also want to include my Hus band to be on my certificates As joint tenants with right of survivor ship and he wants to in clude my name on is Slock certificates. Whom do we Contact to make the changes what information a we provide is l required to turn in the old Stock certificates before it get new Unes a. You can arrange for the change at no charge other than the Cost of registered mail through the Transfer agents. Or you can have a brokerage handle the details for a fee. You need Only provide endorsed certificates and instructions on the new registration and deliver. You must surrender your pre sent Stock certificates before new ones can be issued. Advances led declines 1,174-653 among the 2,152 issues traded. Big Board volume Rose to 892,767,790 shares compared with 747,390,220 the previous week and 775.150,700 a year ago. The Market got some Good news on the inflation front tuesday when the government said consumer prices Rose just percent while housing starts fell 5.4 percent. Analysts said the data set the stage for additional rallies because it suggested any further tightening of credit Condi. Tons would be unnecessary. On the trading floor at to was the most Active nose Issue jumping 3 to 34-v. Nwa followed gaining 13 to 102v Exxon was third. Eng 24 to 44 w. Elsewhere in the Oil sector Texaco Rose i Hilo 55, and Phillips Petroleum climbed 1 to 24. The jump in Nwa s Price boosted other airline issues. Ual surged 6% to 127, and Delta air lines jump cts to 66 v. General electric Rose i 48%, scars climbed i it to 45%, and american exp Sci Rose a lo33w. Longview Fibre soared 8 i to 76v4, Nashua Rose 3 a to 39%. On the american Stock Exchange the amex Market value Index jumped 16.77to end the week with a new Post crash closing High of 342.59 advances led declines 481-350 among 1,041 issues traded. Amex volume totalled 62,604,050shares, compared with 59,5 34,050 traded a week earlier and 43,143,360 traded in the same week a year ago. Public May be forced to bail out in Deb Bentsen says Washington a Congress May be asked to bail out numerous corporations that Wilt be forced into bankruptcy in the next recession because of excessive debt the chairman of the sen ate finance committee said saturday. Lloyd Bentsyn a Texas said a study that shows a spectacular increase in the amount of High risk junk Bond debt. Since 1980 makes him worry about the possibility of a taxpayer bailout similarly the multimillion Dollar Rescue of the nation s troubled savings and Loans. Bentsyn said the Library of Congress study tells us that he amount of corporate debt is going through the Roo fond that the Quality of corporate debris going through the in 1980, one out of 25 bends was below investment Grade today it is one out of five by men said. Corporate debt has tripled since i9so. When we Sec another recession and ultimately we will you re going of see that recession deeper and longer do cause of this great increase in debt and some of these highly leveraged corporations Bentsen said. And then you la see so Many of them going bankrupt that you la begin to hear cries for having the taxpayers going in and bailing hem out like we had to do on the savings and loan Industry and that gives me very deep concern Bent sen said. The study said More than s30 billion in junk Bonds was issued in the last three years accounting for More than 20 per cent of outstanding corporate debt. 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