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Kokomo Tribune: Tuesday, April 5, 1994 - Page 1

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   Kokomo Tribune (Newspaper) - April 5, 1994, Kokomo, Indiana                                212 KOKOMO April 1994 50 cents Man hurt in 2car accident A 67yearold Tipton man was transported by Lifeline Heli copter to Methodist Hospital in Indianapolis after a twocar acci dent Monday that injured two other Harland was ini tially taken to Howard Commu nity Hospital suffering from head He then was trans ferred to Methodist in serious condition with multiple frac according to hospital com munity relations Jason 4141 Road 500 was treated and released from Saint Joseph Hos pital Health Center following the A passenger in his Tiffany 706 Vaile was treated and released from Howard Commu nity police According to police Wendorf was traveling north on 50 East near 300 North at around 8 Monday in a 1983 Ford when he collided with Gingerichs a 1989 Gingerich told police that Wendorf railed to stop at the stop Gingerich was traveling east on 300 Wendorf and Kline told police they didnt remember how the accident police After Wendorfs vehi cle caught police Fire fighters from the Kokomo Fire Department were called in to fight the Gingerich and Kline were wearing seat but Wendorf police Emergency personnel assist victim Harland who was driving the Ford Mustang before it burst into flames Tribune photo by Tim Bath Death plot unfolds Suspicions growing after assassination MEXICO CITY AP At least seven people have been accused of helping kill the man who prob ably would have become Mexicos next including the head of the candidates local security and three men hired to guard Others may also have conspired to kill Luis Donaldo Colosio at a March 23 campaign rally in Tijua said special prosecutor Miguel Montes Mondays which dramatically widens the number of suspects in Mexicos most serious political assassina tion since tends to reinforce suspicions of a broad The four security who were hired only for the are in and two others are being said a former supreme court The con fessed Mario Aburto was arrested shortly after Colosio The government initially insist ed that acted Opinion polls repeatedly indi cated that Mexicans believe there was a conspiracy to kill Widely varying theories of who did and have run ram Some Mexicans believe highranking members of Mexi cos political and possibly members of the ruling were behind the killing as part of party Others think it may be connected to the Chiapas state Indian Stay analysts telling investors By DAVE PHILLIPS Tribune staff writer Stock analysts are telling investors holding Indiana and local stocks to remain calm despite Wall Streets recent volatile Most stocks remain a good and analysts caution investors to stay out of the selling frenzy until the market stabilizes and first quarter earnings are Weve been looking for a 10 percent correction for some said Dick a broker with Hasten Financial Services Kokomo You cant keep climbing and the latest drop brings us back to where we were in the Schaffhausen is advising clients to hold tight and explore buying such as auto and auto parts The Dow Jones lost nearly 139 or 4 during heavy trading last week and dropped another points to The bestknown barom eter of stock prices has lost about 9 percent of its value since when it reached an all Butts out Batter up AMA wants ban on smoking in ballparks CHICAGO AP The Ameri can Medical arguing that major league baseball has a special role in guiding is asking for a total ban on smoking and tobacco advertising inside all 28 big league As long as baseball and the ballparks in which it is played remain an irresistible attraction to our it is simply unac ceptable that smoking and tobacco advertising be part of this experi William vice chairman of the AMA board of said Two years the AMA adopt ed a policy opposing smoking at all sporting On the for the first time approaching a sport sent a letter by fax to Bud chairman of baseballs exec utive council and president of the Milwaukee Wall Street rallies ASE up NEW YORK AP Stocks opened sharply high er this encouraged by a rally in the bond market after days of steep After 30 minutes of the Dow Jones indus trial average was up points at Volume on the floor of the New York Stock Exchange was million shares at 10 on Wall Advancing shares outnumbered declines about 9 to 1 on the with 202 down and 428 The NYSE composite index was up at On the American Stock the market value index was up at while the Nasdaq com posite index was up at Bond prices were higher this pushing down interest which move in the opposite The bond rally came in response to a largely on target report from the Commerce showing the index of leading economic indicators dipped percent in the first decline in seven That indicated perhaps economic growth is not as strong as many bond investors had feared inflation might not be such a time high Broader measurements of stock values have also a possi ble sign that a 42month Wall Street rally is undergoing a correc tion to more realistic The freefall was triggered by the Fed eral Reserves decision in early February to hike shortterm inter est rates and keep the rebounding economy from While stocks rebounded strong ly today in early investors should be prepared for more It wouldnt surprise me if we have some continued weakness for the next few said Kirk manager of Planned Investments Kokomo Were in a which is definitely a time to buy but not all at The important thing to focus on is the long Some stocks are rising along with higher interest Shares of Central Indiana par ent company of First Federal Sav ings Bank of surged T I 4 Monday to 26 34 in heavy Shares of which just completed a merger with Society rose onehalf to 30 Analysts say rising interest rates could help banks and savings and loans attract depositors with high er yields on certificates of Financial institutions could also benefit from higher mortgage demand as home buyers rush to lock in rising In other closely watched local Cabot snares were off another seveneights Monday at 53 18 after dropping 1 12 last Shares in Washington National parent company of United Presidential Life Insur dropped onehalf to 23 Mon after losing 1 18 last And PPG shares fell onehalf to 73 78 Monday after losing 2 12 last On some stocks recov Genera Motors shares rebounded 1 18 to 55 after falling last Chrysler shares dropped onefourth after losing 1 58 last Auto stocks climbed sharply in early trading I think people in a looking for an excuse to sell auto stocks and take a said Joseph an analyst with Lehman Brothers in New Nothing has really changed in the industry than it was a few weeks ago before the cycle start Auto stocks have had a bullish and many Wall Street observers believe they still have Last Morgan Stanley analyst Scott Merlis pre dicted Ford and Chrysler shares would hit and GM would top a within 12 Inside Local Local officials begin the process of creating a house hold hazardous waste pickup Page Style Learn to deal with the death of a Page Sports Arkansas wins first national championship in mens basket Page Also inside Classified Dear Local News of IMKl 1993 taxpayerpaid postage by Hoosiers in the House Representative Total spent on postage address Rank address 1 VISCLOSKY D BUYER R BURTON R John MYERS R HAMILTON D 49 cents 32 cents 73 cents 66 cents 66 cents 86th 206th 5th 27th 12th Hoosier lawmakers top list of taxpaid postage users SOURCE National Taxpayers Union Foundation By DAVID HAWKINGS Thomson News Service WASHINGTON Three Indiana congressmen were among the top users of taxpayerpaid postage last when overall House spending on mail declined Those were among the findings announced Monday by the National Taxpayers Union a conservative group that studies congressional spending patterns and Republican Dan Burton ranked 5th on the which was based on how much lawmakers spent on postage to each household they Burton spent an average of 73 cents last year on mail to eacn home in his up from the 57 cents he spent in the previous nonelection His postal spending totaled last John another ranked spending 66 cents on mail to each Wabash Val ley household last compared with 60 cents in His mail expenses totaled last Democratic Lee Hamilton was in 12th spending 66 cents on postage to each His mail spending was last At the other end of the Democratic Andrew Jacobs of Indianapolis ranked 431st among the 435 House spending just on franked or 3 cents per Congressional while including nearly identical numbers of can have very different housing Burtons suburban Indi anapolis for has more homes than Hamiltons rural southeastern Indiana The foundations study concluded the average House member spent 32 cents to reach each house hold last Several Hoosiers were at or near the including firstterm Republican Steve who campaigned in 1992 against mailings at taxpayer All of the most prolific Indiana letterwriters defended their postage practices as essential for com municating with Spokesmen for Burton and Myers said the first year of the Clinton presidency brought a wave of voter mail that had to be Burton added a third districtwide newsletter at years end to sum marize the Capitol Hill requiring him to divert from his office expenses account to his mail Myers aide said he knew of no special extra mailings last Hamiltons spokesman said he has reduced the number of weekly newsletters he although between and are still House members spent million in fed eral funds on their mail in a decline of almost 25 percent from   

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