European Stars and Stripes (Newspaper) - October 01, 1989, Darmstadt, Hesse                                Page 20 the stars and stripes sunday. October 1, 1989 end of Quarter buying boosts Market prices Doyle  York up Stock prices Rose last week in moderate trading lifted by institutional bin ing As the third Quarter Drew to a close. The Dow Jones Industrial average which retreated Friday from a midday rally to close Down "2.09 at 2692.82, gained 11.21 Points on the week. The total Rise for the Blue Chip Index in the third Quarter came to 252.76 Points. Among the broader Market averages the new York Slock Exchange composite Index added 1.24 to 193.97 this week pushing its third Quarter gain up to 16.07 Points. Standard & poor s 500-Stock Index Rose 2.10 this week to 349.15, ending the third Quarter up 31.17 Points. Advances led declines 915-893 among the 2.146 issues traded last week. Big Board volume totalled 757,440,420shares, compared with 695,584,260 a week earlier and 674,692,420 a year ago. Analysts said Stock prices were boost investor s guide by . Doyle q. A television report said presi Dent Rush s investments in a Blind Trust netted him a 15 percent re turn. The actual figures Here Given hut i dim l re member them. That brings up two questions. What is a Blind Trust can Ordinary people with moderate amounts 10 invest safely not speculate do likewise with a Blind Trust and real a a is percent return the Best i have Ever been Able to do is about 10 percent us turn your assets Over to someone else to manage and you Ilon t know what invest ments Are made. Hence the word  Many Public officials set up Blind trusts to stay away from conflicts of interest. In theory anyone can set up a Blind Trust. In practice you need a rather Large amount of Money. Bank Trust departments and other investment managers generally Aren t interested in handling Small Blind trusts. President hush s latest financial disclosure statement shows the value of his Blind Trust was $498,000 at the end of 1988 and that the Trust earned $156.000 last year. That works out to 15.63 per cent. Naturally the investments in the Bush Blind Trust were not revealed. However it was impossible to get that kind of return on Safe investments such As cd last near. It s Oln urns that its managers took some risks with the Trust s Money and were successful in producing a higher return. Even so the 15.6.1 percent re turn was not a 1988 world beater. Assuming reinvestment of dividends the Dow Jones Industrial average the most popular measurement of Slock performance had a 16.58 percent total return last year. De by institutional investors who raced against time to add selected issues to their clients portfolios. The Market firmed As the a Eck pro Gressed peaking thursday and Early Fri Day As the professional buyers focused on stocks tied to drugs Hanking pollution control and consumer products All solid performers earlier this year. Friday marked the last trading Day in the Quarter after which Money managers arc required to report their positions in the Market to customers. Everybody wants to look Good to their  commented Trude  or. A Market analyst with Josephthal co. Earlier in the week analysts said the Market came under pressure from con Cerns Over declines in the Bond and Dol Lar markets and a disappointing earnings forecast from International business machines corp. Ism wednesday said its third Quarter earnings would not meet analysts Esti mates which sparked a sell off contained within the computer sector. But while the broader Market Man aged to absorb ism s news and move higher analysts remained unsure about its ability to rally again in the near future. This week Marks the Start of october a month that still conjures up haunting memories of the Market s collapse two years ago on oct. 19, they noted. On the trading floor last week. Colum Bia pictures entertainment was the big Board s most Active Issue surging 5v to 26%. The entertainment company accepted a $27-a-Sharc takeover offer wednesday from Sony corp. At to a key Blue Chip Issue Fol Lowed rising i % to 44 a. Ism was third dropping tit to 109%. Among other computer stocks. Digital equipment plunged 6 to 91 / and uni sys fell a to 19%. Amr owner of american airlines soared 7 to 86 i amid ongoing takeover speculation. In the banking area j p. Morgan Rose 3 a to 447/, ban America gained i a to 357a and Citicorp added a to 33%. Among consumer product issues Philip Morris soared 7 to 164 54. On the american Stock Exchange the Macx Market value Index surged 7.38 to close Friday at 388.76, an All time High. Advances fed declines 419-387 among 999 issues traded. Macx volume totalled 69,198,065 shares compared with 54,979,795 traded a week earlier and 39,527,940 traded in the same week a year ago. , industries led the Macx actives rising % to 13%. The National association of securities dealers Index Rose 4.82 to end the week at an All time High of 472.89. Tired of tests Monkey cosmonaut Juko Nyu looks us though he s Hud enough of the Esumi Sutlon being conducted by a technician at the Moscow Institute of Medico biology following the Pri mate s return Friday from space. The 14-Day Mission included about 80  involving monkeys rats fish insects and plants. Dec finds Danes smoke the most portuguese the least Overall London a Overall Portu Guese smoke the least and Danes the most but the picture changes markedly among younger men according to a sur vey of european Community countries published last week. Only 28 percent of the portuguese smoke compared with -45 percent in Denmark 43 percent in Greece and 42 percent in Holland said the Survey. But among men aged 15 to 24. The figure for Portugal is 52 percent. Den Mark 33 Greece 51 and Holland. ,1,x, n said. Among women in that age Radvil the figure for Portugal is 26 percent. Den Mark 44 Holland 41 and Greece 35, the Survey found. The dec said the findings were an aver age of four surveys conducted since 1987, covering about 4,000 people age 16 and older in each of 10 dec countries plus 1,200 in Luxembourg and 2.500 in Britain. The highest number of doctors smok ing was in Spain Wilh 45 percent. This was followed by Italy. 41 Greece and Portugal 31j and Denmark 38. The sur vey said. Britain was lowest it 10 per cent. Turning to teachers it found the High est smoking Levels in Denmark and Spain at 34 percent and the lowest in Britain at 13 percent. It said 2.780 teachers and 2.314 Doc tors were questioned. No margin of error was Given for any category and there was no indication of How Man refused to answer. Overall 36 percent of Citi ens of the dec smoke 44 percent men and 28 percent women it said. Among Young men the figure is 39 percent and women 34 percent. It said 36 percent of doctors and 21 percent of teachers smoke. In an introduction the dec said smok ing kills 450,000 people a year in the 320million-Strong Community. It congratulated Portugal for its very advanced legislation to curb smoking which includes a ban on advertising and a prohibition of the Sale of High tar cigarettes. It warned however that Portugal another Southern european countries Regis Ter the highest smoking Levels among Young men. And attributed it to the Low Price of cigarettes there. The us noted what it called a Paradox the highest Levels of female smoking were in countries where cigarettes were most expensive and suggested that the cigarette As a Symbol Offe Malc Equality outweighs economic constraints