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New Braunfels Herald Zeitung Newspaper Archive: March 31, 1985 - Page 5

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Publication: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

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   New Braunfels Herald-Zeitung (Newspaper) - March 31, 1985, New Braunfels, Texas                                New Braunfels Sunday March bA Upbeat quarter ends on quiet note NEW YORK AP The first quarter of 1985 produced many bright moments in the stock market including record highs for several market indicators and many in dividual As winter gave way to spring on Wall investors enthusiasm seemed to be waning a By any the market turned in a strong showing for the But nearly all of its gains came in the first few weeks of the It will be several weeks before investors know how the nations corporations fared in the JanuaryMarch The early in are that there will be plenty of earnings In recent investors have also been confronted with confusion and volatility in the bond and currency The after a long bull market in foreign has lately dropped back in value against other prominent The dollars decline so far has encouraged some investors to buy stocks of multinational such as drug whose earnings from their foreign business has been hurt by the high value of the But analysts say it has also stirred fears that interest rates will because of reduced demand among international in vestors for interestbearing and that inflation might In despite all the recent worries that have plagued the stock many analysts believe the economy still shows a lot of Business is moving ahead with no recession in said Albert chief economist at the First Boston in a quarterly commentary on the investment After slipping points to in the past the Dow Jones average of 30 in dustrials finished the first quarter with a net gain of Other readings for the week showed the New York Stock Exchange composite index up at and the American Stock Exchange market value index up at Big Board volume averaged million shares a against million the week Perhaps the most impressive aspect of the markets firstquarter advance was its From 1 through the close on March Standard Poors 78 of the stock groups it tracks registered while one was unchanged and just 10 The big winner was the broadcasting up 39 thanks to takeover mania engendered by Capital Cities Com munications plan to acquire American Broadcasting In second place were the shares of publicly traded securities with a 34 percent These issues often move in tandem with the overall stock The list of losers was dominated by cyclical reflecting the worries about a possible business slowdown that periodically afflicted the Japan aggravates trade concerns NEW YORK AP While Japans decision to import more cars to the United States was the move still generated heated protest on both sides of the highlighting the growing friction in The Japanese government an nounced it will allow car exports to rise by or 24 to millon in the fiscal year that begins Japans current voluntary restraint limited annual shipments to million President Reagan had declined to press Japan to retain that quota for another clearing the way for Japans announcement this past And while critics in the United States argued that the new limits set by Japans government was hardly a ceiling at Japanese automakers were not any At a time when the United States is screaming that Japans markets remain too closed to American products thereby contributing to the record trade deficit with Japan the Japanese automakers complained that their governments decision was another unnecessary restraint to Takashi president of Nissan Motor said the action might risk spreading protectionism on a global level and may even un dermine the free trade The criticism from Ishihara and his colleagues came as negotiators are trying to convince Japan that if it does not further open its the United States will have no choice but to impose protectionist measures against Japanese the White House was quick to say after Japans announcement that it did not think the new auto export ceiling should be construed as any tradeoff for access to their markets in those areas in which we have talks going Those markets include telecom medical equipment and electronics and forest The Reagan which so far has tried to talk Japan into buying more increasingly is finding it has little choice but to protest the actions of its Far East In other developments this past week governments economic weather the Index of Leading Economic rose per cent in February following a percent increase in the previous the Commerce Department of singlefamily homes climbed percent in February after edging lower the month the Commerce Department and the Department of Housing and Urban Development auto manufacturers said their combined midMarch sales rose 5 percent from a year bolstered by cutrate financing and other incentives offered by some of the Electric was in dicted by a federal grand jury on charges of defrauding the govern ment of about on a nuclear warhead a charge the defense contractor GE was suspended by the Air Force from receiving any new Some unemployment benefits expire WASHINGTON AP A federal unem ployment benefits program for people nationwide expires this the third major cut in government aid to the jobless in the past four A House subcommittee has endorsed a bill to extend the federal supplemental compensation benefits program three months after it runs out at midnight next But it appears Congress wont have enough time to act before the Easter and President Reagan says the program is no longer citing a growing economy and the alternative of job In the administration pushed through Congress changes that made it more difficult to qualify for participation in another a joint statefederal extended benefits plan for the Only West Virginia and the states with the highest unemployment rates in the are participants today in that extended benefits which provides up to 13 weeks of aid after basic state benefits have Had the old rules still been in at least four other and perhaps would have been eligible for the In another officials in at least nine states since 1981 have reduced benefits for the basic state benefits which provides up to 26 weeks of aid to the The shrinkage of unemployment insurance shows up in the extremely large number of jobless workers who remain without concludes a report issued last week by the Center on Budget and Policy a non profit organization supported by several At the low point of the last recession in November there were million unemployed without jobless assistance 11 Have a TAX REFUND coming Ask about our Guarantee We cant promise everyone a but if youve got one well guarantee to find you the biggest refund or your return is BLOCK THE INCOME TAX PEOPLE What can we find for you Open 9 AM 6 PM 95 Phone 6253810 ONLY 15 DAYS LEFT What if What interest rates go down With a Southwestern Life IRA you wont have to worry about what if The stated interest on your contribution to our IRA is guaranteed for five years from the beginning of the month in which we receive Southwestern Life credits current competitive interest on all Southwestern Life career agent Henry Martin likes to take the what if worry out of your finan cial Our rates change call Henry for current rates Henry Martin 352 Landa New Texas 78130 6252343 Southwestern Life People with Answers SAMPLE BALLOT FOR COUNCILMEMBER DISTRICT 4 GEORGE ERBEN D RICHARD Rick SEIDEL D ROLF MOORE A VOTE FOR GEORGE A VOTE FOR PROVEN LEADERSHIP AND EXPERIENCE IN OUR CITY GEORGE ERBENS RECORD AS A TWO TERM MAYOR CLEARLY PROVES HIS ABILITY TO ATTRACT BROAD BASED CITIZEN PARTICIPATION IN PLANNING FOR THE BRING TOGETHER OPPOSING FACTIONS FOR THE COMMON GOOD OF THE APPLY HIS LIFETIME EXPERIENCE IN FINANCE TO SOUND MANAGEMENT OF CITY IN GEORGE ERBENS PREVIOUS ADMINISTRATION ON CITY COUNCIL AND AS THE CITY MOVED FORWARD WITH INNOVATIVE IDEAS TO MEET THE CHALLENGES OF A GROWING HIS ADMINISTRATION IMPROVED AND ENHANCED CITY SERVICES AND VOTE FOR GEORGE ERBEN APRIL 6 George Erben Campaign Fund Darwin Aiienhotl 1210 New 78130 Right now you have to decide whether you want to 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