European Stars and Stripes (Newspaper) - August 27, 1989, Darmstadt, Hesse Page 20 the stars and stripes sunday. August 27, 1989 stocks Post 8th straight gain set record High new York. Up1 the Dow Jones Industrial average set a record High last week As the Stock Market staged one of its most explosive rallies of the year. The Blue Chip Index which Rose a total of 44.39 Points to Post its eighth straight week of advancement surged 56.53 to 2734.64 thursday its highest close Ever. Stock prices soared thursday As firm Bond prices and news of Holiday corp s plans to sell its Holiday inns hotels Chain to Britain s Bass pc triggered the biggest rally seen in the Market since june 16. The gain in the Dow thursday eclipsed the previous record High of 2722.42 set aug. 25, 1987, which marked the Apex of a five year rally in Stock prices. Six weeks after the Market scored its previous record High in 1987, the Dow plunged 508 Points on oct. 19 to 1738.74 for its largest Point loss Ever. Investor s guide however since then the Dow has risen nearly 1,000points. Broader Market indexes also set All time highs thursday and pulled Back Friday. For the week however the new York Stock Exchange composite Index gained 2.15 to 194.79 and Standard and poor s 500-Stock Index climbed 3.49 to 350.52. Advances led declines 1,053-790 among by Bill Doyle. My husband recently gave his broker $20,000 to put into a certificate of Deposit. Did the broker make a commission on the cd a. Almost certainly the broker was paid for that transaction. Per haps it was t called a commis Sion but some kind of payment most Likely called a fee was collected by the broker. You really can object to that. That s Doyle How brokers earn their living. Besides handling buy and sell transactions in securities thereby collecting commissions brokerage firms also sell other financial products including cd issued by Banks and savings and loan associations. In this Deposit broker age business brokerage firm keep track on which institutions Are paying the highest interest and Send their customers Money there. That works out Well for customers because they get higher interest with out going to a great Deal of trouble. It s also a Good Deal for the broker because he gets paid by the Banks ands is whose cd he Sells. O. My husband s broker wants to sell us a $25,000 split annuity issued by an insurance company. The annuity pays a fixed interest rate of 8.6. What will the broker s commission be on something like this a. That depends on the particular annuity the insurance company and the arrangement the insurance com Pany has with the broker. The Bro Ker might get As much As 4 percent or 5 percent of the $25,000 $1,000 or $1,250 for Selling that annuity. But he might get less. Com Mission arrangements vary widely. If you were talking about a variable annuity you could learn the commission charge and other costs easily enough by Reading the prospectus covering the offering of the annuity for Sale. A broker or other sales person is required to give Youa copy of the prospectus for a variable annuity at or before the time of the first sales pitch. Fixed annuities Are a different Breed of cat. They Are regulated by state insurance authorities and it often is very difficult to get an accurate Reading on the commission and other costs. However you can always ask your broker for that information. C pm get Tuni the 2,171 issues traded. Nose volume Rose to 829,815.720 shares compared with 744,546,730 a week earlier and 586,880,000 a year ago. On the trading floor Texas utilities was the most Active nose Issue rising a to 32%.on the american Stock Exchange the Macx Market value Index Rose 2 Points to close Friday at 381.18. Advances led de Clines 407-388 among 1,009 issues traded. Macx volume totalled 68,410,000 shares compared with 67,991,685 traded a week earlier and 38,354,325 traded in the same week a year ago. . Industries led the amex actives rising 7-16 to 139-16. The National association of securities dealers Index surged 4.79 to end the week at 466.75. Home sales continue rebound Washington a sales of although the july sales hike was rela Lively Small Lyle Gratcy chief economist of the mortgage Bankers association of America said that taken in the context of All other recent economic indicators it s got to be the Nar is forecasting existing Home sales to total 3.41 million units this year Down 5 percent from 1988 in part be cause higher costs arc pricing entry level buyers out of the Market. The downswing in rates is pulling some buyers off the sidelines said Nar president Ira Gribin adding that the Impact of lower mortgage rates is Likely to be steady Trade up sales rather than a sales surge among first time group reported Friday and analysts fore cast continued moderate growth the rest of the year. The National association of realtors said existing single family Homes sold at a seasonally adjusted annual rate of 3.40 million units in july. That compared with revised figures for june that showed a 4.7 percent increase to 3.36 million units annually. The june july rebound followed consecutive sales declines in the first five months of the year. The Federal Home loan mortgage corp. Reported that fixed rate mortgages fell from a Peak of 11.22 percent i March to 9.81 percent during july. The Nar said the median Price of a Home in july was $96,400, which real tors chief economist John a. Tuccillo said suggests a relatively Low volume of sales in the lower priced starter the median Price meaning half the Homes Cost More half less was up 3.2 percent from june and 6.3 percent from the previous year. The single largest percentage 13.8percent of existing Home sales made nationwide in july came in the Price category of $ 120,000 to $ 159,999," the Nar said. Mutual funds from Page 19 thou Lahym slow Ktoris 1723 1851 0116 79 20 15 03 909 954 01854 697 1281 13761445 1517 .02. 1si 1617 .999 966 of map 644 686 dim 1398146901 Kup 695 730 Xii Misc 1046 1096 03 6 16.17 .05 730 1046 1096 03pnfip 17.7 16. Metw 911 954 03 mum 959 1004 fund 24952727 05 h 21.46 2345 .01h 17x11 194601 19 1061 1012 1054 .1046 01 " " i3127d 1116 1169 Fate 1364 1428 Gnap 1430 1497 01mote 11 90 12 46 mate 1103 1155 .01ohte 1169 1245 tend 1101 1364 01 ate cite Mikits met Lonna Neon hot it of sen Gap Tomte up 100 no. 1494 no 995 no 01 653 no .900 no 03 1206 no 01 1009 no .01951 no. 1732 m. 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