European Stars and Stripes (Newspaper) - August 13, 1989, Darmstadt, Hesse Page 20 the stars and stripes sunday August 13,1989 business news Market posts 6th straight weekly Advance new York Dpi the Stock mar Ket posted its sixth straight weekly and Vance in heavy trading last week As the Dow Jones Industrial average gained30.54 Points. On thursday and Friday it surpassed its Best Ever close of 2722.42,set aug. 25, 1987, but profit taking pushed it lower late in both sessions and the Index finished the week at 2683.99. The Dow Jones transportation average posted an especially Strong gain on news of a $240-a-share takeover offer for ualcorp., owner of United airlines from investor Marvin Davis. The offer Trig gered a rally among Ual and other air line issues sending the Index soaring 163.23 Points to 1413.23. Broader Market indicators also moved higher. The new York Stock Exchange composite Index added 0.63 to 192.27 and Standard & poor s 500-Slock Index Rose 1.24 to 394.38. Advances Ted de Clines 1,009-845 among the 2,170 issues traded. Big Board volume totalled 1,004,028,000 shares compared with912,113,600 a week earlier and 900,402,313 a year ago. Analysts said the Market continued to Benefit from a favourable economic out look that includes a gradual slowing in the Economy further drops in interest rates and Milder inflationary pressures for the rest of 1989. That Outlook was supported Friday when the government said the produce Price Index a measure of inflation fell 0.4 percent in july. Also on Friday the government said july retail sales Rose 0.9 percent which helped to Case a re cent concern among investors of the possibility of a recession. On the trading floor. Computer associates was the most Active nose Issue investor s guide by Bill Doyle q. Before the october 1987stock Market crash i received my Stock certificates about 12 to 18 Days after buying them. Now it takes two to three months. I thin the brokerage firm uses my Money for that period of time be fore buying the Stock for me. Are my suspicions Correct a. No. Brokerages have to Settle Stock trans actions by paying for purchases Doyle and delivering for sales just As fast at you do within five business Days. When you buy Stock on say a thursday you must pay for it no later than the following thursday. When you sell Stock you must make delivery of the certificate within five business Days. The brokerage has the Money you pay for a Stock Purchase from the minute your Check arrives. But the firm has to pay for the Stock you bought by transferring Money to the person who sold the Stock within the five business Day settlement period. Stock is bought or sold for you on the Trade Date printed on the confirmation slip your brokerage sends you after each transaction. There s no legitimate Way the brokerage can delay the transaction two to three months past the Trade dates. Delays of two to three month such As you mention Are ridiculous but they do happen usually because of slow or Sloppy work at brokerages. Falling itt to 17. Eastman Kodak Fol Lowed gaining 2% to 50, and at to was third slipping it to 39 a. Among other Active Blue chips Procter & Gamble surged 9 to 125, and Gen eral electric Rose v to 57%. In the transportation sector Ual surged 92w to 257 Amr owner of american airlines jumped 6vi to 74 a and pan am Rose % to 4 a. Among other takeover related issues Anchor Glass Container surged 7y to 19v4, Tam brands jumped 8 to 72%, and . Woolworth Rose 7 /4 to 65w. Craig corp. Tacked on 7% to 43 to. Dow chemical Rose 5vi to 98 i great lakes chemical climbed 5w to 90%, and digital equipment moved up 5 a to 10054. On the american Stock Exchange the Macx Market value Index Rose 4.54 to close at 380.64, advances edged declines 408-400 among 1,002 issues traded. Amex volume totalled 82,709,365 shares compared with 66,827,135 traded a week earlier and 51,427,875 traded in the same week a year ago. Wang labs class b led the Macx actives jumping 1 to 6vs. The National association of securities dealers Index Rose 5.06 to 462.48. Treasure Hunters find doubloons fort Pierce Florida up after following a Trail of More than 75 Gold coins Over the past two weeks trea sure Hunters say they have found a Cache of doubloons along with other coins and jewelry Florida s treasure coast Crew members working for treasure Hunter Mel Fisher showed their find Friday at Fisherman s wharf. They said they hoped it would Lead to More Booty including the reputed chests of emeralds from a Spanish treasure Fleet that Sank in a Hurricane in 1715. Maybe they be found the Trail that will hopefully Lead to the chests of emeralds said Taffi Fisher Mel Fisher s daughter and director of her father s treasure exhibit in fort Pierce. We still have about six weeks left in the the treasure on display included buckets of about 5,000 encrusted coins along with delicately crafted Gold and Emerald jewelry including an ornate Gold ring a Gold scimitar toothpick Withan Emerald and a Gold earring with a 5 Carat Teardrop Emerald. Also found in the past week were twofold doubloons Worth almost $9,000 each. One of them had a legible min Date of 1714. The treasure was located in about 25 feet of water a Little Over a half mile Doug lass memorial Park in St Lucie county. Divers said the 75 Gold coins the first of which was found several weeks ago led them to the treasure. Silver coins found Are Worth from $100 to $500 each. They will be placed in a mild acid solution. A reverse electrical charge will then be applied to cleanse the coins of Sand Coral and Rock. The old coins do not need much cleaning affix Fisher said. She would not place a Dollar value on the find. Mel Fisher s son Kane found about 30 Gold coins with artefacts from another 1715 Shipwreck earlier this month Scro Beach. 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