European Stars and Stripes (Newspaper) - May 21, 1989, Darmstadt, Hesse                                Page 20 the stars and stripes sunday. May 21,1989 business news Dow Breaks 2,500 for first time since 87 crash new York. Up Stock prices soared last week in Active trading pro Pelling the Dow Jones Industrial average above 2,500 for the first time since the oct. 19. 1987. Crash. The average which jumped 30.98 Fri Day to close Ai 2501.10. Gained a total of6l"40 Points for the week. Historically its highest closing level stands at2722.42. Set aug. 25. 1987, nearly two months before the crash. Broader Market indicators also set Post crash highs last week. The Newyork Stock Exchange composite Index Rose a total of 3.79 Points to end the week at 178.92, while Standard & poor s 500-Slock Index surged 7.40 to 321.24. Advances outpaced declines 1.323 614 among 4he 2,173 issues traded. Big Board volume swelled to 964.659,230 shares compared with 804.370,560 Las week and 784,095,580 a year ago. Analysts credited a growing optimism about the Economy coupled with strength in the Dollar and Bond markets for setting the stage for the rally last week by luring More investors toward stocks. In economic news the government said the . Merchandise Trade deficit narrowed to $8.86 billion in March froma revised $9.82 billion in february1. Also a report on the consumer Price Index showed a jump of 0.7 percent in investor s guide by Bill Doyle q. On my 30th birthday. 1 will receive $60.000 from a Trust fund my father established before hedged. I have been receiving s375 monthly from the Trust i want to invest this Money an would like to receive about half the amount have been getting Withy main goal being for the investment to Trow. I would like to keep Uncle Sam out of the Pic Ture so i As sume i would need som sort of tax Doyle free investment. Any suggestions a. You re looking for just about the Best of investments Moder ate tax free income and  s no such thing available in the securities world. If you buy municipal Bonds the interest you collect will not be subject to income tax. Many such Bonds pay interest a Good Deal higher tha n the amount you  municipal Bonds arc not growth investments. They Are paid off at face value when they reach their maturity Dales. You could Lake a look at Muni Cipal Bond Mutual funds. That Type of fund holds municipal Bonds As investments. The fund collects the tax free interest the Bonds pay and. After deducting its operating expenses passes the Money along to fund shareholders also free from lax. Half of the amount you have been receiving from the Trust fund comes to $2,250 a year. On$60.000, that s 4 percent the dividend yield on virtually All Munici pal Bond Mutual funds is higher than that. After investing $60,000 in that kind of fund you could arrange to receive $2.250 a year in dividend checks and automatically reinvest the rest of the dividends you have coming to buy additional fund shares. Although technically this would not be a growth invest ment the size of your fund hold Ings would increase each time you reinvest that would meet your stated de sires. However in is not my recommendation. 1 feel a Young person such As you will do better Over the Long run by investing in commons locks with potential for growth in share value or Mutual funds hold ing common stocks. C King be Auk april. However that gain would have Only been 0.2 percent had it not been for a surge in the volatile Energy and food sectors. On the trading floor Rwjr Nabisco holding preferred was the most Active nose Issue closing unchanged at 22 a. General electric followed rising 2%to 53%. The Stock has been Strong since May 8 when be posted better than cd pc cd earnings for the first Quarter. Avon products was the third most Active Issue plunging 7vj to 32amway withdrew its $39-a-share takeover offer after Avon turned it Down. . Gear jumped 6 to 48 it on expectations that the company will pos Strong earnings for the first six months ending in May. On the american Stock Exchange Thea Max Market value Index Rose 1.46 to end the week at 353.83, its highest closing level since the crash. Advances led declines 472 345 among 1,039 issues traded. Amex vol ume totalled 63,720,070 shares compared with 54,955,025 traded a week earlier. Am Dahl led the Macx issues jumping i h to 21 a. The National association of securities dealers Index surged 7.22 to end the week at a Post crash closing High of 442.05. Tax Bonanza boosts surplus to record High by the Washington pos Washington an unexpected surge of tax Revenue helped the Federal government Post a record monthly surplus of s41.45 billion in april indicating that the budget deficit for the current fiscal year could be More than $10 billion below pre Vious projections. The government usually records a surplus in april when income tax payments flood into the Treasury. But the figure this year was three times the surplus posted in april 1988 and higher than the previous record of $38.9 billion set in april 1987. The government collected $129 Bil lion in taxes last month and spent $87.5  officials said the tax col Lection figure was about $10 billion higher than they had expected and they added that preliminary figures show that May receipts Are also running above  for the phenomenon varied. Several analysts speculated that tax payers put off receiving income due in 1987 to 1988 because income tax rates fell from one year to the next. Whatever the reasons the data suggest that the fiscal 1989 deficit will be in the $150 Bivion Range according to administration and congressional budget experts. In february the White House office of manage ment and budget projected a $163 billion deficit for the current fiscal year which end sept. 30, and the congressional budget of fice predicted a $ 159 billion deficit the Revenue Bonanza also could ease con Gress task of reducing the fiscal 1990 deficit the administration must re estimate the 1990 deficit in August to see if Congress has enacted sufficient spending Cut and Revenue raising measures to meet the requirements of the Gramm Rudman Hollings Law. If the administration assumes that the higher tax reve nue trend will continue into 1990, the Law s deficit targets will be easier to  government officials said that budget director Richard g. Darman snot expected to lift the pressure for Defi Cit reduction so the bomb is Likely to reflect in its 1990 deficit projection the Impact of higher than expected interest rates. An increase in interest rates causes the deficit to balloon because the Federal government s borrowing costs Rise. Mutual funds from Page 19 bal no 969 no .05 govt 929 no. 02 St ctr 9.29 no. .06 a twp 1141 no .13 pym44w group cute 11-18 11.71 .01 01 919 919. 02904 904. 04 978 978 ,011268 1266 00 955 955 .1122 1122 of 1096 1096 .01112511251062 1062 011065 1065 02 1045 1045 011082 1082 02 Munt it 16 it 18 01 mum it 1109 1109 .01mumt i 10 24 10 24 -. Munci 1071 1071 02munji 1041 1041. .01 Tivitt 1096 1096. Hts rofl 1109 1109 Muon 1092 1092mupil 966 986 1519 1519905 908. .06 1463 1463. 091670 1670. .11 Nuan cd a clip 38 14 3912 01 Cache 4131 4237. 09calti 1597 1677. 05 1149 1206. 021560 1705. 06 1223 1284. 021624 t775 in 986 1035. .03oag 1358 1464. 09 goo to t4 96 1573. 021231 1345. 06 20082195. Ii1000 1072 04 1407 1s09. 041091 1172. .03 676 725. 012037 2226. 11 2778 3036 .16 ii 686. 07 1214 1214. 021250 1250. 0 1735 1235 031724 1810. Of 1232 12 2. H432053437. 25 905 989. 04949 1037. 04 26.132743. 091406 a. 01 1466 1466. 061362 1430. 01 2071 2263. ?24502678. .16 1130 1183. 0128402974. 71  gals cock the to invert if am mural Molt i Imnel Immi a tamil Odigie Hlf Luwi Cape Jacow  Gimp h4nep  Hack Pincham wisc we. Shtil Cit Pool of Lrol ,  used via  Cmap 975 956. 01cnvttp 610 630a flip 705 729. Of Trump 1614 1681 04 Taip 1320 1443 03fmatylqvan a Nus 619 858 02gwmp 1207 1261 08 meow 1152 1222 .05 hot 821 871 0 Vakil 698 896 01 Tomt 514 514 02rnfhiwrt of Ftp Sapid 1374  .15oicm " us cig  t.fms6sfc� surf or 1423 i 01949  .05 978 no 041043 not 1022 no .011065 hit a 1491 no. .10 us Bop 983 no Sims a 958 no. Kit Gap 937 m equip 1184  ,12 Viup 1092 no Canapp 1175 no. It grata Asuit 1097 1199 02 end Ftp 1245 1311. 12equip t?26 1290. 02  666 701scout. Mati Iota a tuck you me atop Cata Catig Suegav gtd  711 746. .01sis 541. 04 1267 1130 os791 833. I 776 Bis. 01764 802. 02 620 861. 01774 813. .02 739 7.76 .788 827. H2 7.26 762. Hi780 819768 627. Hi7.14 750. It 758 796 ,.641 671. 01 659 690. Ht750 787 " 702 737689 721 660 693 you Mincin Mort mural usg1 so Tnp soon Sii Samic Samuals Neigi sow in 1485 1576. .091278 1303 to 970 932 hi1199 1249 06 1158 1206 031247 1299. I 12-97 1151. H71767 1836 04 1496 no .1411 6 11861330 1330 1499 1499 04 Tut 1285 h7 gun l1imsmc1 feb tar us u50�vm 15 1 no. ,117.46 no 43 9136 no 7232 in no .30 9678 no .14 916 i 77 951 no. 04i97 no i 803 he. X 12.16 12 0-09 feel 9497 hit s3 still 9 56  83vaatunjgnav  a 1120 no. 08915 no. .03 955 hit hi1227 no. .13 3060 my .122224 Fth .12 1170 convnec4nc 19021063 17697 5 1350 up if or Osaji i smut Elf Silica scour a Ftp ii 3t 1249 m1001 w. 1159 1159 .10 us gov Salmi p scow Gitmul fall hit 07xi. .10 no. 07xi. 09al. 01911 . 04 979 979 h31558 1558 .12 1188 1238. 01811 611 .06 16 91566 1 05 inc ,5cp hop we we aka coaching 958 1006. .011351 1420. I 1029 1080. Cfi606 i. .01 1402 1503. 021607 no. 06 1427 1477. 01j73� 04blip 3116 i 01 Gisco 1410 1480. .10gimp 2457 2580. 01 105 . 022102 m. Of 2392 i. 201212 i. 09 1015  .174 no .14 u26 i. 061034 i 01 152 . .091262 full. 04 1137 a. 023595 i. .17 8.76 full. 021744 hit 01 1085 a 02111 m. .02 Titre 1000 . 1 f 91 1051 no. 01tfi 1075  01 212000 1166 f4l, 10stagm 1005 no. 03 sumly fund act n 1038. M 749 786, 03571 626. 01 835 967. 0601 c4it cd Phi Covel gfiwagc4 Gortt in ctn a timid mob Mati Miu Iiah  .01 Balan 1305 1426. 08bond 610 667. 02 coms 25002732. .72 Gas eco 938 1025. .03gfw 1326 1449. .10 Riauo 45554555. ,19sentry 1267 1199 .10 1761 1854. 08 32793452. 766 106642. 36 1210912109.2,721573 1656 1016 1069659 691 2551 26151698 1767 04 20652174. .1017 ?2 18 11. .11 1201 1264. 031513 1593. 01 1206 1269. 011622 1707. .04 t484 1562. 011023 i. 1569 1652 02 Shimon Portee Civit 1456 1456. 15 Colt 1357 1157. 02 g8cl 1605 t605. Org lbt 11.52 1152. 05 go stat 692 892. 04groptt 1697 1697. ,11 Point 1141 1141. .10hgbdl 1048 1048. 05 or tact 1344 1 44. ,02 in gel 11 14 1114. Inti 1771 177. 02 Ligel 16 616. 03irtgsci 1074 to 74. 02 mops i 60 is 60 is. 811373 137. 06 1286 1286 0111m 1129. 10 141 1411 10 1568 is68. 101709 1709. O t?70 1270. 08op 831 831. 10 a fund ton a 7.47 816. .06cmrl 49 928. 08 it ogre 1066 1187. 08laitl 1055 1105. 05 us p 4 2 507. .01sifamlm Balan 20597059 .13gwln 1540 1540 .10 7.91 7.91 i to gig Pafk at1g Maimu Ovsec Edval a top in Calemmo Moog Mun  ramp Matt a Mao 02 be 15653 15653. 12 Gratt 90,779077. ,44 Tol 84578494. J7 fit. .01hial. 01nl. 02 Fil ,15nt� .10 fit. 01nl. Of it. 04hi, .02  .02hit .01 . .05hl .06 Iii. .12ftt. .11 full. .07 god 432 472 04tort 2.70 295 05 Chi 361 197 san nov 752t no. .05 stat pm 21.72 Fin .10 amm 227astoe .70 Kew 140ocean 363 slate rot fac Capo 2583 Emit go flip  a vol my did a gym e me sped Slock Tieh Tieu ties Eton con me gig no. .16nl. .05 . 07nl. 0 no. .12nl 05 no .12nl .03 no 01nl. .02 no .01 ii is954 11 1946 1045 .39 693to 39 16.1117.15 adv ambalan com Goldgram Inco 1170 11.57 107 1312 1191 1034 1mm Home gent 65 65. .03goul 708220 2 15 Inco 10.91 1091. .04indul 97 97 03 Taufi 16.24 1674 .10iwmfmdi acc 7.37 of. .0460s 661 .02 1623 1774 .107j9 08. .03 482 so. .02649 709. .01 to Tbs 11j9 1245. .04wndl 447 4 901 com 1948 2177. In my 7.13 7.45. 02 Zunft 4.94 516. 01fmccpt 536 586. 01 of ctn 600 656 .03sceng it to 12.35 .10 Vang 6.53 7.14 .02 e a Moto Nant phys Van to top Ouan Star Micuta Gomah Yod kinds Mai St Gottus 11 .h8 4108 no 735231 no. .53 1484 no .11799 no. Jit 1909 no .ot1302 it. .11 1238 no. 092612 no 22 2992 no. .20943 no. 03 816 no .02796 my .05 1076 no .01981 no i 939 no. .07______ 1343 no. 06 Misoo 3148 no 31 1035 Pohrt Pich or til cd Toi Staigl Tineil do i sigm  284 310ultra 7 30 7 98  1591 1591 spa she 1995 1995saliomaagrmp cased 12 5 1297coklli 7 i 7 49 cask 12661329comon 1243 1305 07 c.p4pisigih 151 is  soup  u5gvp 02 9 14 9 72. 0 7 is 761. 04 Tom i72a 09630 669. 01 11 18 iu9 071233 1291. 04 911 996- 20911 954. 03 1430 152t� 091169 1245. .02 1044 till. -10937 997. 04 1 30 1415. ,043101 . .17 ad\1g 1005 1005 Oriun 13.12 1139 .05 Gosc 1021  .1197 lot 1838 1857 .9 44 . 19602000. ,041011 no. 20602061. 05ttoeq 11.16 11,74. .14 Ikumo t.97 1047. .0  Gnip Onjo 20972292. .08 625 902. .03 1534 1677. .061009 1103. 04 1594 1742. .11uoo.ia.mlhm. Cis to 1068 1088. .04 global 1168 1188. .10g. Jil 1736 1736. 15 9� 9 6. ,01143 1433. .17692 697. .02,1 1171 1121. 0 ,.l 927 927. La921 hit of men invt mind opt Psi pm Wal Glo Oll grit co world ingot Opont Psi Gnu kids or Gran Inco Locast Norolf pc nest us if ust Waif g it vat 17 25 no .12936 i. ,04 338 no ,11761 hit 0 1138 no .08646  .02 1.12  .71 no 01 1025 no 051126 i 0 867 no .1007  ,01 t 775 no. 021132 no. 02 1518 . ,10632 no 03 7209 no .17monbd 10.34 . It in 9  .02splsd 1353 no .08 a sort 11.79 no his Aalto a kelp 4.25 456 ,01mnv 11.16 1770 ii we a 891 947 03 we ii 12.99 1176. 01vaaxaomm mar Catap 1567 1642. 06gmnp 1692 1779. .11 Myldy 1295 13624 .03talfp 1762 1853 07 path 1549 1629. 08tifkp 1624 1708. 07 us Gap 1481 is59. 05. No .011208 no .02 1009 no. .1059 no .02 11.75 . H21571 no 01 10.16  021037 no 01 967 no 011007 it .01 Aspel 1361 i 12vspgf 92 i .04 a Spur 2121 i 04irapst 1821 full .10 a str 1242 no .101638 no. .13 17 0 . .151458 h. 17 Muhy mum Munu mix Molg musi4 Calloni inn a Wal an ends u i4.7 web Hildus Van Hen mini. By Van rib Fimi Voln. .14 1034 no 05 90s no ,061097 hit 07gui 918 no .06 Cape fill eke Fly tied Ubo 10886 i �6548 no. 30 12144 no. 911670 111.159 i53s7 .154 05 645 ,01 958 956. 01896 941 04 686 86 hi21.142114 ,10 t .5b no .16top 7,47 747 .04 Ettta Ptak  25292529. 7 mpg 2366 2366 .16goit 9 3  h2 Wui 11165 .  wu1s1 7.68 8.1. 04wtlltfiiu Altai 1251 no Bonds 1150 no 01 cps i 2165 no 04smcol 1542  .04  976 996 06 wild a 995 1042 06bdlpi i 1503 15.74 � Anvi 707721.75 ,15modvi it to 1t 5. 06 Mioc 1210 1267. 06 wlm 1359 1416. 05 Wood Sifi Imra new 1469  01 Pina 1263 no .10 Wigi 1096 1096. 09 vac la 1013 084. .05  . L-prfyioutd/iauot4. T cd tiption Chat at. May apply