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Publication: European Stars and Stripes Sunday, May 20, 1990

You are currently viewing page 20 of: European Stars and Stripes Sunday, May 20, 1990

     European Stars and Stripes (Newspaper) - May 20, 1990, Darmstadt, Hesse                                Page 20 a a the stars and stripes sunday May 20,1990stocks end higher on week despite Friday loss new York up a despite a setback Friday stocks registered their third consecutive weekly Gam last week As investors shedding worries about interest rates and inflation sent the Dow industrials to record highs in three of the five sessions. The Dow Jones Industrial average lost 11.80 Friday to close at 2819.91, up 18.33 Points or about 0,65 percent on the week. Among the broader Market averages the new York Stock Exchange composite Index Rose 1.31 Points to finish the week at 193.47. Standard amp poor a 500-Stock Index added 2.64 to 354.64. Advances led declines 1,102-822 among the 2,199 issues traded. Big Board volume totalled 878,182,400 shares compared with 821,762,784 a week earlier and 964,659,230 a year ago. The Dow industrials began the week with a gain of just under 20 Points closing at a record 2821.53 in the second heaviest trading session of the year. The record lasted Only until the next Day when the Dow closed less than a Point higher. The Dow pulled Back a few Points wednesday but then came right Back with another record close thursday gaining 12.03 to close at of 2831.71. A Rosier Outlook for interest Rales and a government report showing a decline in inflation fuelled the gains by encouraging Many big Money funds to jump Back into stocks analysts said. A fears about rates and inflation have been a major source of resistance in the Market Over the last few months Quot said Jeff Kaminsky head of institutional sales trading at Mabon Nugent amp co. A but in the last two weeks government economic data alleviated those fears. A on top of that a significant amount of Cash built up Mutual funds on the sidelines during that time waiting for a reason to enter the Market a he said. A when inflation and rate fears subsided that gave them a reason to enter the Market and that a Why we went to new  other analysts said the stirrings in Washington about possible action on the budget deficit were heartening to investors and helped bring some players Back into the Market. A i think some Cash is finding its Way Back into the Market in the Hope that something Wili come out of Washington As far As the deficit is concerned a said Sidney Dorr vice president of institutional trading at Charles Schwab amp co. In san Francisco. Alcan aluminium was the weeks most Active big Board Issue off % to 21. Philip Morris followed off it to 43j/4. Texas utilities was third up a to 36 i. On the american Stock Exchange the amex Markei value Index Rose 3.82 to close Friday at 356.32. Advances led declines 424-382 among the 1,010 issues traded. Amex volume totalled 69,671,675 shares compared with 69,421,785 traded a week earlier and 63,720,070 traded in the same week a year ago.  industries led the amex actives up 3/16 to 11 15/16. The National association of securities dealers Index jumped 10.21 to end the week at 448.31. Heirs get miners Goldat last Helena Mont. Apr a legacy of Gold left about 100 years ago by a pioneering Montana Miner is finally in the hands of his heirs after it languished for years in a Bank vault. Two California women have claimed their great Grandfather a bequest Worth an estimated $10,000. The treasure was taken from the Hills of Montana in the late 1800s. The Gold was mined by John Letsou a German immigrant and Early Montana settler. It was found in the vault of a Missoula Bank Early this year in a Small cardboard Box said James Mckeon of the state Revenue departments abandoned property Bureau. Letsou quit mining in the Early 1890s and died in 1921 at 81. After a four month search for heirs officials handed Over about 20 ounces of leh soul a Gold to Sisters Jane Leonard and Lorri Stacy. The Cache included 77 nuggets and a Small vial of Gold dust. Stacy said the family knew about their ancestors mining exploits and Wasny to entirely surprised that some Gold turned up. Quot id always heard stories of the old timers up there seeing him walking out with Coffee cans of Gold and Here it is a she said. A brother and two aunts will share the treasure she said. The spot Price of Gold Friday was about $370 an ounce but the find could bring As much As $10,000 if sold together for exhibition said local metals trader Wayne Miller. A a there a a value there beyond what Gold is there because of the history linked to the treasure and the unusually Large nuggets Miller  Page 19 14 i 9 i 10 74 117 1 a i i a 1 71 86 23 i 1 111 him p 71 18 77 24 h 08 ill n k 4 10 10 Unm p 13 13 13 711 01  31 78 34 73 1 77 .1 17 40 13 .4 i 70 i Rill 13 g3 14 87 t 11 myl it p ii ii 17 38 01 it it ill 17 87 13li/ 01 1 Alrh Mill ii7 07 i la ill 70 in j 71 08 i 07 met in 13 81 14 07 i Hilt pm l 1 70 70 77 in i 07  la 4 07 it 11 1 Hurt 100/ 70 07 1 7 Al i p 0 7/ 0/3 111 1 Irner 18 46 1/ 00 11/  p 8. Ii 07  i 0 10 0 6i 01 i  mi.,. Ill on is p 1> 81 18 a ii 08 imm Laa 10 48 10 08 in Mica 10 71 10 88 07 i no Cap Iii /6 11 7/ i m m ,. 0 i 10 111 01 in Callic hopi on Avgi i 70 38 71 31 1 11 i a r i p Al so 14 77 07 ii Viii i 04 iii8i in Lac fire inv i ii Llu 9 11/ 0 8/ 01 i11111 r a i 00 <1 00 Inlall i i 07 Paine a Liber Amati 1 11 114 10 04 01 All. 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