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Publication: European Stars and Stripes Sunday, August 20, 1989

You are currently viewing page 20 of: European Stars and Stripes Sunday, August 20, 1989

   European Stars and Stripes (Newspaper) - August 20, 1989, Darmstadt, Hesse                                Page 20 the stars and stripes sunday August 20,1989 business news Stock Market extends rally to 7th week new York up the Slock mar Ket registered its seventh straight weekly gain last week As the Dow Jones Industrial average which climbed 8.34 Friday to close at 2687.97, gained 3.98 Points or  percent. Tor the week. But the gain was the smallest since the winning Streak began at the Start of the third Quarter. Broader Market indicators also moved higher. The new York Stock Exchange composite Index Rose 0.37 to 192.64 and Standard & poor s 500-Slock Index gained 1.29 to 346.03. Declines led advances 1,043-809 among the 2,163 issues traded. Big Board volume totalled 744,546,730 shares compared with 1,004,028,870 a week earlier and 723,040,040 a year ago. The transportation sector was the Bright est spot in the Market recent gains among Ual corp. And other airline issues were extended by news that Texas Mogul Robert Bass and a group including British airways May emerge As bidders Tor United airlines already a takeover target of Marvin Davis who sweetened his $240-a-share bid to $270 investor s by Bill Doyle q. About 10 years ago after changing jobs i received a certificate for 10 shares of Stock from my account in the employee Stock ownership plan of the company i left. I moved several times and lost con tact with that company. As a result i have not received dividends or other communications. More recently i contacted the company to try to obtain information. After three months of frequent Tele phone talks with a company representative i feel i am Retting the Runa round. Is there any other source from which i can get answers if so is it possible to collect past dividends and Stock splits if any a. Your Best source should be the Stock s Transfer agent usually a Bank whose Job includes keeping re cords of Slock ownership. Once you current address is on the record books you la Start receiving share Doyle Holder reports annual meeting notices and other communications. You la also receive any dividends paid in the future. If dividends were paid Over the years you lost Contact that Money should be sitting there waiting for you and should be sent to you when things Are squared away. If there have been any Stock splits a certificate for the additional shares should be mailed to you. Next time you talk to the company representative ask him or her for the Transfer agent s name address and Telephone number. That information is printed in the company s annual stockholder report if you have a copy. The runaround you suspect you Are getting is strange. As a Stock Holder you Are part owner of that company. The company representative is one of your employees. If in fact you Are getting . Fields evasive answer you can learn the company s history of dividends Stock splits earnings and everything else financial in the thick manuals Standard & poor s. Moody s and or value line you la find in the reference sections of Many Public libraries. C Wingfei Tim a share Ual soared 14 to 271, and Amr owner of american airlines surged 1 % to 76 i. The rally among airline issues drove the Dow Jones transportation average up 29.16 Points to end the week at an All time High of 1442.39. On the trading floor Texas utilities was the most Active nose Issue dropping % to 32%. Mcdonald s followed up i to 29%. And at to was third up i to 39 it. Ism fell a to 115%, and general electric Rose it to 58. Georgia Gulf jumped Iov to 54 a and Mcgraw Hill gained 8v to 85 i. On the american Stock Exchange the amex Market value Index edged up 0.07 to 379.18. Declines led advances 446 368, among the 1,012 issues traded. Amex volume totalled 67,991,685 shares compared with 82,709,365 traded a week earlier and 42,369,805 traded in the same week a year ago. Wang labs class b led the amex actives dropping 1 to 5%. The National association of securities dealers Index eased 0.52 to end at 461.96. 007 warning Sparks controversy Washington a crazed drug Kingpins seductive women High tech gadgets and harrowing escapes arc All part of the latest James Bond movie licence to  so is a Lark cigarette. And the place ment and timing of a health warning about the dangers of smoking has Law makers fuming. Philip Morris paid $350,000 to the filmmaker United artists to have the cigarette appear in the film according to congressional testimony. In response to concerns from the american lung association american heart association and american cancer society the movie also contains the sur Geon general s warning about the effect of smoking. The warning comes during the final credits. But reps. Tom Luken a Ohio and Bob Whittaker r-kan., have expressed reservations about the placement of the warn ing. We believe that the health warning should appear at the beginning of the film As Many viewers of the film will leave before they see a warning in the movie s credits Lukin and Whittaker said in a letter to the chairwoman of the Federal Trade commission. Lukin said Friday that the letter to the chairwoman Janet d. Striger also asks whether the commission has the authority to Issue rules on tobacco advertising i movies. In the letter the lawmakers note that the Etc has issued no rules on cigarette advertising in films. Lukin chairman of the House Energy and Commerce subcommittee on transportation and hazardous materials and Whit taker the panel s ranking Republican Are co sponsors of a Bill that prohibits All to Bacco ads and promotion that can be seen or heard by people under age 18. 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