European Stars and Stripes (Newspaper) - April 1, 1990, Darmstadt, Hesse                                Page 20 a a the stars and stripes sunday april 1,1990investor�?Ts guide by Bill Doyle q. We had an investment in a High yield Mutual fund from which we received monthly dividend checks. We redeemed our shares of that fund on nov. 24,1989. To Date we have not received a Check for the dividends from nov. 1 through nov. 23. Are we entitled to that dividend Money a. Maybe not. Many Mutual funds that pay dividends monthly also declare dividends monthly and the fund shares go a sex dividend either on the record Date for payment of the dividend or a few Days in Advance. When that is the Case investors who redeem their fund shares before the sex dividend Date Are not entitled to the next dividend. However some Mutual funds holding Bonds and other fixed in come securities As investments As a High yield fund does declare dividends daily and pay them monthly. If that a the Case with the fund whose shares you redeemed you arc entitled to the dividends that were declared but not paid to you from nov. 1 through nov. 23. Check with that fund to find out which method it uses. Virtually All Mutual funds have toll free 800 phone numbers. Make a Call. C King features stocks Down 2.9% in Light trading Urti Orvn to to tvs t in a a m 1 Ico  Valet a 11 to ? or new York up a stocks ended a sluggish week on a sluggish note Friday As significant end of Quarter buying by institutional traders failed to materialize. Many traders also appeared to be betting on a continued decline in the japanese Market. The Dow Jones Industrial average fell 20.49 Friday to close at 2707.21, a decline of 2.93 percent on the week. Among the broader Market averages the new York Stock Exchange composite Index fell 1.40 Points on the week to 186.85. Standard amp poor a 500-Stock Index slipped 2.84 to 394.18. Advances led declines 990-856 among the 2,158 issues traded. Volume fell to 662,125,494 shares from 758,092,320 a week earlier and 734,582,810 a year ago. Amax was the weeks most Active nose Issue up 2 to 273/i. The big metals concern is the subject of takeover reports. American general followed gaining 7 to 385/s, and american express was third declining 1 avg to 25%. In the Blue Chip sector Philip Morris was up % to 39%, ism gained 1% to 106%, at amp to Rose Xhu to 43 is and general electric Rose % to 65. On the american Stock Exchange the Market value Index Rose 0 u i Friday at 361.75. Advances led ? ?0se 408-395 among the 994 issues traded amex volume totalled 69 shares compared w the 80 770 ass v0 a week earlier and 49 377 48&,ded the same week a year ago add 1 in on the week Salomons nut on Tokyo a nikkei Market mex r amex actives up 2 % to 10 i. Trade Latimer an analyst a  Ona final trading Day of the a window dog i Rule i Aumer an analyst with Hal amp co., said the nose took a Slohn upward Friday As  started marking up their accounts its amp a director nominee faces Battle Washington apr with disclosure of past drug use a possible complication president Bush a nominee to regulate the nations savings and Loans faces a confirmation fight on the Senate floor next week. By an 11-10 vote Friday t. Timothy Ryan or. Barely won the endorsement of the Senate banking committee to become director of the Treasury departments office of Thrift supervision. The drug Issue did not arise in the committee meeting. But hours later after an Abc news report the administration confirmed that the 44-year-old attorney told Fri background investigators that he used marijuana and cocaine on a few occasions in the Early 1970s. Treasury Secretary Nicholas f. Brady said the administration knew of Ryan a admission and that the Senate committee had voted a in full knowledge of these same  he said Ryan still had the administrations Confidence. Abc said some senators were privately troubled by Ryan a past drug use although none raised the Issue publicly. Two democrats joined the committees nine republicans in backing Ryan. Ten democrats opposed him complaining he had no experience in banking. A sorting through the aftermath of the savings and loan collapse will Bel the single most demanding and difficult financial Job in our country. So obviously we want someone of a towering size and capacity to tackle that assignment a a said the panels chairman sen Donald w Riegle jr., who opposed the nomination. Nevertheless Riegle d-mich., said he hoped the full Senate could act swiftly on the nomination a perhaps on wednesday the Day after senators Are expected to Complete a clean air Bill. 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