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Publication: European Stars and Stripes Sunday, October 8, 1989

You are currently viewing page 20 of: European Stars and Stripes Sunday, October 8, 1989

   European Stars and Stripes (Newspaper) - October 08, 1989, Darmstadt, Hesse                                Page 20 the stars and stripes sunday october 8,1989 Stock Market has year s Best weekly Advance new York up Stock prices rallied last week to All time highs As take Over fever and optimism about the prospects Tor lower interest rates returned to the Market. The result was the Market s Best weekly Advance so far this year. The Dow Jones Industrial average which Rose 11.96 to a record close of 2785.52 Friday jumped 92.70 Points or 3.4 percent on the week. That gain sur passed the 87.50-Point surge during the week that ended Jan. 27. Among the broader Market averages the new York Stock Exchange composite Index added 4.97 Points to close the week at 198.74. Standard & poor s 500 Stock Index tacked on 9.63 to 358.78. Advances led declines 1,166-697 among the 2,150 issues traded. Big Board volume totalled 855,366,370 shares compared with 757,440,420 a week earlier and 833,283,430 a year ago. Analysts said investors brushed aside worries about the troubled junk Bond Market and some disappointing earnings forecasts and went on a buying spree that produced record highs in every session but monday s. Stock prices reached new Heights Fri Day after the government said non farm payroll jobs grew Only 210,000 in sep tember while the jobless rate Rose  percent to 5.3 percent. The weak jobs data enhanced the perception that the Federal Reserve May ease interest rates Over the near term which would breathe life into an already resilient Stock Market said Ackerman. On the trading floor us was the most Active nose Issue jumping set to 3b a. Amr followed gaining 17v. To  was third Down 1 / to 101 i on the american Stock Exchange the amex Market value Index added 7.17 to close Friday at a record High of 395.93. Advances led declines 461-342 among 1,002 issues traded. Macx volume totalled 73,452,245 shares compared with 69,198,065 traded a week earlier and 48,546,325 traded in the same week a year ago. . Industries led the Macx actives gaining a to 13%. Greenhouse effect options listed Geneva a a . Group on global warming completed work Friday on a report listing possible actions coun tries could take to control the emission of gases that cause the greenhouse of  the working group which concluded a we Klong session Friday did not make specific recommendations. It simply compiled a list of options that it will sub Mit to its Parent body the intergovernmental panel on climate change which is scheduled to meet february in Washington. The list was not released. The intergovernmental panel on Cli mate change was established last year by the . Environment program and the world meteorological organization. The working group is one of three that arc examining the problem of global warming caused by the greenhouse effect with the aim of eventually drafting an International convention on global warming. According to the greenhouse theory temperatures around the world arc slowly rising because of a buildup of gases that is allowing sunlight into the Atmo sphere but preventing heat from escaping although the theory is widely accepted scientists differ Over whether the greenhouse effect is causing global warm ing now or whether that will happen sometime in inc future. The 43-nation working group Dis cussed Many of the options that would go into forming a framework agreement on global warming but did not actually work on drafting a convention the chair Man or. Frederick Bernthal of the United states said at a news conference. The three main gases thought to cause the greenhouse effect Are Carbon dioxide which is emitted by the burning of Fossil fuels methane which comes from a Vari Ety of sources including leakage from Coal mines and pipelines and chlorofluorocarbons or rfcs used in refrigeration and aerosol sprays. Investor s quite 1.mi_i_� a Iii i i a.  Bill Doyle o Vav Hon my to incr dict i inherited some series e and be Sav Ings Bonds. I sent them in for a name change making my husband a co owner with me. Now my husband has died. Can Cam a Toulds  my Haikio Hopr i i i i i i  a co owner a a fit Iii Iii when Oneken a Fri Sam savings Bordba so Jib Dies the sur fesl5? sole owner. Doyle those Bonds arc yours to do with As you please. To have the Bonds reissued i your name and your daughter s name you must fill out form pm 4000. Send thai form along wit the Bonds and a certified copy of your husband s death certificate to the Federal Reserve Bank or Branch serving your area. The Bonds will be reissued and mailed to you. Q. Being retired i would like to Purchase series be Bonds and hold them for emergencies cashing them Only when i need Money. I plan to buy the Bonds in beneficiary form naming relatives As beneficiaries. Will be Able to redeem a Bond without the consent of the beneficiary a. Yes. You will own each Bond and the beneficiary will become the owner Only when you die. You can also buy savings Bonds and have them registered in co ownership form. You would be Able to Cash them without the co owner s consent but the co owner would also be Able to Cash it with out your consent q. When a series e Bond is in its final extended maturity period does it accrue interest annually at the minimum 6 percent rate or higher Market based rate q. Is the redemption procedure different for series be Bonds than for series e Bonds a. No. You can present most e and be Bonds to your local Bank or other savings Bond paying agent and collect the redemption value on the spot. You will of course have to provide proper identification. 1 Mutual fund from Page 19 Gnutti 193 it 02 m Trouil 913 959 04 Hiya 822 663 01 Stock 1321 m 19 06 Tot Ftp 14 96 1571 09 up Tagra up map tt49 1585 .03 Fig Vic 935 982. 03 for in 602 642gnma 1397 1467 .04 a Imp 617 700 .01 Mac 1068 11 21. 05 pet top 1693 1732 07 ptmhrrmft1 Bond 913 956 04 mud 958 1003. 02 fund 25122745. 09 h 21,51 2351 02 Iii 1600 1967 .06ptpaf Jill in Balan p 1021 10 64. 04 Goit 92$ 984 02knlgv 1007 i022t 06 mate 1016 105bt 04 Natte 1009 1051 04 scup 1025 1068 .05 Vamp 1267 1320 06 it Tel him Gate 12131270-52 Csc 11.14 1166 04 Fate 1368 1432 05 Gnap 1433 1501 of Mote 1169 1245 .05 mate 1100 1152 04 Ohof 1164 1240 03 tend 1300 1361 .05 Piki ads Catt 942 m. 01 Capa 1291 no 06 Eort 1553 no 02 Gama 935 no 04 Grain 1653 no 09 Cimic 15.16 no .04 pm 959 no. 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