European Stars And Stripes (Newspaper) - May 28, 1989, Darmstadt, Hesse Page 20 business news the stars and stripes sunday May 28,1989 Dow retreats on week but analysts optimistic new York up1 the Dow Jones Industrial average retreated last week As the Market consolidated after the rally that pushed the Blue Chip Index above the 2500 level but broader Market measures indicate an upward trend still exists. The Dow which gained 11.18 Friday investor s guide by Bill Doyle q. In 1968,1 inherited 77 shares of Stock. In the years following i built this to 354 shares through i dividend reinvestment program and by making occasional Small Pur chases. In 1988, the company was bought out by another com Pany and had to sell my 354 shares at $80 each a total of$28320. Is that entire mount tax Able and must Doyle i report All of it As capital gains a. No. You pay tax Only on the the difference Between your basis Cost for tax purposes and the amount you received when you sold. In most cases the basis on stocks the amount paid including Bro Ker s commission at the time of Purchase. Your basis gets a bit More complicated. The basis on the 77 inherited shares was the value put on them when your father s estate was settled the Market value on the Date of his death unless an alter native valuation Date was used. The basis for the other 277 shares which you acquire through dividend reinvestment and Small purchases was the total amount of the dividends you re invested and the total amount of your occasional purchases plus any commissions or fees you paid. Add up those numbers the basis of the inherited shares the amount of the reinvested dividends and the Cost of your additional purchases and you know the basis of the 354 shares you sold. You arc required to report the Sale on schedule d of your form 1040 Federal income tax return and pay whatever tax applies. Cap ital gains Are now taxed at the same rate As Ordinary income wages pensions interest dividends and such. Q. Last year i sold All the shares i had acquired in the same Stock from March 1968 through August 1987. I m supposed to list the Date acquired in column b of schedule d so that i can report the Sale and profit to the internal Revenue service. No matter How Small i write there is no Way i can tit into that space All the dates on which i acquire shares. What can i do to keep the irs off my Back a. In that limited space write from 3/68 through 8/87." lots of folks have sold shares of Stock acquired in Small amounts Over the years. The irs is used to seeing acquisition dates listed that Way. King features Hun Stu Doyle Welcome your tetters. You can write to turn n Cere of the stars and stripes Ato 09211. Us. Forces to close at 2493.77, slipped 7.33 Points for the week. Broader Market indicators gained slightly to set new Post crash highs. The nose composite Index edged up 0.39 Points to end the week at 179.31, while Standard & poor s 500-Stock Index added 0.35 to 321.59. Advances outpaced declines 1,076 787 among the 2,176 issues traded. Big Board volume totalled 848,901,470 shares compared with 964,659,230 the previous week and 678,746,490 a year ago. Analysts said the Market entered a period of consolidation after the upward swing that pushed the Dow up by 130 Points in the previous two weeks. Economic data sent mixed signals to the Market throughout the week. On tuesday the government said or Ders for durable goods jumped 2.9 per cent the biggest gain since last Decem Ber. Forecasts had called for a 1 percent to 1.5 percent Rise. Bonds slipped on the news dragging Stock prices with them and the Dow finished 24.01 lower. A downward revision in first Quarter Gross National product thursday provided More evidence of a modest eco nomic slowdown and sent the Market higher for most of the session. Traders said Static data on inflation however indicated that rising prices Are still a concern. Although Many players were expecting the Federal Reserve Board to let interest rates Case the report signalled that the fed May keep Rales at current Levels in order to combat inflation and stocks ended mixed. On Friday two economic reports sent Bond prices higher and stocks followed suit to end the week on a positive note. The government said personal income edged up 0.4 percent in april while the savings rate fell 1 percentage Point to 5.3 percent of disposable income. The Trade Gap shrank in the first Quarter to $27.63 the trading floor last week Texas utilities was the most Active nose Issue up / to 31. Texaco which declared a $4 dividend May 9, was second up i to 55 at Friday s close. Both stocks will Trade sex dividend tuesday. General electric was third up % to 54 w on the week after news that the company will form a communications network with at to British telecoms and France telecoms. Be has been stronger since Early May when it posted unexpectedly Strong earnings for the first the american Stock Exchange the amex Market value Index added 1.18 to end the week at 355.01, its highest Clos ing level since the crash. Declines led advances 413-373 among 1,026 issues traded. Amex volume totalled 58,720,165 shares compared with 63,720,070 traded a week earlier and 38,720,690 traded in the same week a year ago. Maine wants to Cash in on sea urchins Portland Maine a the voracious japanese appetite for sea urchins has created a booming Market for the spiny creatures and University of Maine researchers want to develop an even bet Ter version. Presently if you take 100, you might get 50 or 60 in a Load that Are Grade a color said Ben Baxter Extension Marine program coordinator. We re trying to get it up to 80 or better. In the Japa Nese Market which is very fussy if you can produce a reliable product that is Worth sea Urchin gourmets consume the eggs or Roc. Researchers Hope they will get greater quantities of Roe and give it the colors considered most desirable by japanese diners if they keep urchins in pens and feed them kelp and fish Bypro ducts Baxter new improved urchins could double or triple a seller s income. A state department of Marine re sources official does t believe the project will make anybody Rich because ranching the urchins will probably not be economically feasible. That s one of their pipe dreams said i Hil Averill director of the Maine fisheries technology service. The Price in t there. They Aren t going to get any More for that Urchin than the wild har Vester said the Industry has been around for 25 or 30 years in Maine but it really took off in the last three year because of the yen s High value in rela Tion to the Are estimating that 10 million pounds were shipped last season he said. Thai s up from like 6 million a year before that and there was like million the year before that. You can estimate 35 cents a Pound. On 10 million pounds that s $3.5 when the value of the yen drops in relation to the Dollar the japanese arc Likely to Start shopping elsewhere for their urchins a cell said. Maine s urchins Are not much different from other urchins and people harvesting them hereon t always know How to pick the Best ones he said. 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