New Braunfels Herald Zeitung, November 20, 1984, Page 2

New Braunfels Herald Zeitung

November 20, 1984

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Issue date: Tuesday, November 20, 1984

Pages available: 31

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Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

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All text in the New Braunfels Herald Zeitung November 20, 1984, Page 2.

New Braunfels Herald Zeitung (Newspaper) - November 20, 1984, New Braunfels, Texas On    the dotted lineAppraisal district OKs contract with Pickett By DANA STELL Staff writer Directors of the Comal Appraisal District Monday night renewed the contract with an appraisal firm that reviews industrial property. Director S.D. David Jr., although he voted for the renewal, said the appraisal reports given by the firm of Thomas Y. Pickett are not complete. • Here, all you get from them is more or less a computer print-out and there isn’t any explanation,” David said. Chief appraiser Glenn Brucks said the appraisal firm provides a more detailed report when the appraisal is contested. "They do go into detail when there’s a necessity,” he said. There are about 36 industrial or utilities properties which Pickett appraises. In Pickett's report, inventory, machinery, and vehicles are given separate values, but there is no breakdown of items within each category. For further information, property owners are referred to the firm. Brucks said. The local appraisal district reviews all residential and business properties. Also Monday, directors approved the rates to be charged for plat map copies or computer printouts. The taxing entities in the district and property owners seeking information about their own property will not be charged. "This is primarily designed for people like realtors who come in and take a lot of their time to get this information,” said director Esther Boarnet. The first copy will cost 55 cents, with additional pages priced according to paper size. Computer printouts of a page of items will cost 50 cents, w hile smaller items, such as name and address listings, will cost 5 cents per line. The directors Monday approved a policy the district will follow when selling equipment. First, the district will try to trade in the item. Next, the district will offer the item to its taxing entities, and if all else fails, the district will take bids for the item. Brucks told the directors that property being entered into the new computer system is being appraised as it is entered. He hopes to have all property re-appraised in 1985 with the property values brought up to IOO percent of market value. Stocks NEW YORK APi -Morning stocks Motorola s 344 X -4 tm 344 High Low I^ast NabiscoBrd 514 51 514 AMK Corp 304 304 304 NYNEX 73 724 73 Airier Can 49 484 484 PacifTel 654 654 654 Ameritech 734 734 734 Penney JC 524 524 524 AMI Inc 214 21% 214 Phelps Dod 154 15 154 Am Motors 4 34 34 PhillpsPet 434 424 434 AmStand 3114 314 314 Polaroid 274 274 274 Amer T&T 184 184 184 ProctGamb 574 574 574 Armcolnc 1034 104 104 BCA 35% 354 354 AtlRichfld 464 464 464 RepBankCp 271 -j 274 274 BancTexas 378 34 34 Sabine IT 164 164 BellAtlan 77 4 77 774 Safeway 254 254 254 BellSouth s 324 324 324 SFeSoPac n 244 244 244 Beth Steel 164 164 164 SearsKoeb 314 304 314 Borden 59l4 59 59 ShellOil 54 54 54 CaterpTr 314 314 314 Singer Co 30 294 294 Centel 37 364 37 Southern Co 184 174 18 Chevron 33 324 33 Southland 254 254 254 Chrysler 274 274 274 SwstBell 654 65 654 CocaCola 634 624 634 Sperry Cp 374 374 374 Coleman 264 26 26 StdOil'lnd 564 554 564 Coml.Meti 17 17 17 StdOilOh 43 424 43 DiamShm 183n 18 184 SunComp 494 494 494 DowChem 284 28 284 Tandy 244 244 244 Dressrlnd 194 194 194 Tenneco 354 354 354 East Kodak 734 734 734 Texaco Inc 344 334 34 Enserch s 184 184 184 TexComBn 434 424 434 Entexlnc 20 20 20 TexEastn s 284 284 284 Exxon 43as 434 434 Texas Inst 1224 1214 122 Firestone 164 164 164 TexasOGas s 194 194 19*2 FtBcpTex 15 14 - 15 Tex Util 274 27 274 Ford Mot 45 444 444 TylerCp 274 274 274 GAF Corp 247h 24% 24 - Un Carbide 46* - 494 494 GTE Corp 384 384 384 UnPaeCp 384 374 384 GnDynam 64 634 634 US Steel 244 234 244 GenElec 564 56 4 564 US West 66 654 654 Gen Food 564 564 564 UniTel 204 204 204 lien Motors 754 754 I 5* 8 Unocal 414 414 414 GnMotr E wi 374 37 4 374 WalMart 404 404 404 Goodrich 264 264 264 WestghEl s 254 254 254 Goodyear 25 247 8 25 Xerox Cp 364 364 364 GtAtlPac 164 164 164 ZenithF. 224 22 224 Haliburtn 31 304 304 Holiday Inn Houstlnd 394 214 394 214 394 214 Stocks show HughesTl 137» 134 134 mild advance Interfst 114 ll - 114 IBM 1204 1204 1204 Intl Hare 74 74 74 NEW YORK (AP) — The stock Int Paper 494 494 market staged a moderate advance Jeff Pi lot s JohnsJn 384 344 38 344 384 344 today as investors contemplated new K mart 334 334 33% evidence of a slowing economy. KrogerCo 384 374 384 The Dow Jones average of 3(J in LTV Corp Iutton Ind 104 64 104 63- . 104 64 dustrials rose 4.86 to 1,190.15 ky 1/OneSta Ind 227 8 224 224 noontime on Wall Street. MCorp 214 214 214 Gainers held a narrow lead over MayDSt s Medtronic 39 274 384 264 384 26 - losers among New York Stock Ex- Mobil 284 284 26% change-listed issues. Monsanto s 424 424 424 Before the market opened. the government revised its estimate of economic growth for the third quarter of the year to an annual rate of 1.9 percent, after adjustment for inflation. Previously, growth of the gross national product for the period had been estimated at 2.7 percent. The Commerce Department also said housing starts fell 9.8 percent in October to their slowest pace since December 1982. Figures like that have led economists to expect that ONP growth for the fourth quarter will come in even lower than for the July-September period. International Business Machines rose 4 to 1204 and Holm Corp. gained 4 to 694. The Justice Department approved IBM’s plan to acquire Holm. provided that IBM divests one Holm division. The NYSE’s composite index added .25 to 94.35. At the American Stock Exchange, the market value index was down .19at 207.24 Volume on the Big Board came to 36.88 million shares at noontime, against 33.15 million Monday. Braniff, Continental break off talks DALLAS iAPi — Braniff Inc. and Continental Airlines Corp. have discontinued talks regarding the lease of Braniff airplanes and personnel. leaving the troubled carrier with $90,000-a-rnonth lease payments for IO grounded airplanes. But Braniff officials said Monday they are confident the airplanes will be in use by the end of the year "We are talking with several parties. There are several others that are key players," said Braniff President Ronald Ridgeway, who declined to identify the other parties. Youth appreciation CISG photo Three Bulverde Middle School students display plaques given them by the Bulverde Optimist Club during Youth Appreciation Week last week. The students are, from left. John Marquis, sixth grade; Katherine Allen, seventh grade; and Melissa Ramsey, eighth grade. Room tax decline less than expected By PATRICIA YZNAGA KING Wire editor Although the summer is long gone, the drought of 1984 continues to reach out and touch New Braunfels’ business. Chamber executive vice president Tom Purdum said that room tax figures for the third quarter iJuly-September) were down about 21 percent. That means a loss in room tax revenue of $20,000 for what is usually the most profitable room tax period of the year. In addition, since the chamber gets 80 percent of the room tax revenue, it will lose $16,000 of that $20,000. Purdum said. But the news is not all bad, Purdum commented. "I was pleasantly surprised,” he said about the figures. "We thought it would be off by 50 percent." Although revenue figures were down from what was expected. Purdum said that more rooms along, the interstate were filled because ut the new motels along IU 35. However, the drop in room tax revenue has hurt the chamber’s budget. Purdum said. The chamber has put its advertising on hold until it can reassess its budget. In other business, the chamber board of directors heard from Heritage Exhibit Chairman Belgard Suhr. Suhr said concessions were up more than 50 percent but attendance was down at the annual exhibit. Buhr attributed much of the decline in attendance to House Bill 72 The statewide German Club Day was canceled, w hich cut into the exhibit’s anticipted attendance. Suhr said your PUBLIC LIBRARY! Making Your Life Brighter! Calendar of Events Government Sew Braunfels Independent School District board of trustees: 7.30p.m. Tuesday, New Braunfels High School library . Organizations Fraternal Order of Eagles social meeting, 6:30 pin Tuesday; regular meeting, 7 30, Eagles Hall. Catholic Daughter* 7 JO p in Tuesday, 56 Guada Conia Rotary Club noon Wednesday. Eagles Hall. 'lf you would like to announce you' yroup s activities in the newspaper, call us at 625 9144 or send us a notice to PO. Drawer 361, New Braunfels, Texas, 78131 Deadline tor Tuesday through friday editions is 5 p rn the day before publication Deadline for Sunday ed>bons is 5 pm Friday. J 4. SV//> % I ne/i Hand unit activates Picture Search and Stop Action in SLP model, plus most primary VCR tune tions. 20 foot cord included. 7 function wire re-mote control. 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