New Braunfels Herald Zeitung, October 20, 1987, Page 5

New Braunfels Herald Zeitung

October 20, 1987

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Issue date: Tuesday, October 20, 1987

Pages available: 10

Previous edition: Sunday, October 18, 1987

Next edition: Wednesday, October 21, 1987

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Publication name: New Braunfels Herald Zeitung

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All text in the New Braunfels Herald Zeitung October 20, 1987, Page 5.

New Braunfels Herald Zeitung (Newspaper) - October 20, 1987, New Braunfels, Texas Tokyo stocks set record drop in the wake of biggest U.S. fall NEW YOUK (AP) Stock prices rose at the opening of trading today on the New York Stock Exchange as the Dow Jones average of 30 in dust rial stocks climbed more than 13 points in the first five minutes In spite of the rise in the Dow average, however, there were more declining issues than advancing ones Minutes after the market’s 9 30 a rn opening, there were 320 issues advancing against 429 that declined About 21 million shares traded in the first 12 minutes putting the New 't urk Stock Exchange on track for another record day of trading volume Monday's rout in stocks spread from New York to the Tokyo and U>r, don stock exchanges, as both markets reported record declines in their key indicators Prices plunged on other markets from Israel to Argentina The Dow Jones average of 30 in dustnal stocks fell 508 points Mon day a bigger one-da> percentage decline than on the eve of the Great Depression, as $503 billion worth of stock value was wiped out More than $1 trillion in stocks was erased worldwide in a 24 hour period Traders around the world focused on the possibility however remote that the devastation in stock markets would cause another 1930s style depression by wiping out pet* pies investments and causing a crisis in confidence In another bearish sign stock in dex futures remained at a steep dis count to stocks As king as that situa Hon held investors could lock in a profit by selling stocks and buying the index futures Prices of I S Treasury bonds soared as investors sought a safe haven in government securities of fering fixed incomes That meant the yield on the bonds fell a measure of lower interest rates Several banks cut their pome rates, a benchmark for a variety of consumer and business loans The dollar strengthened today against foreign currencies, apparently buoyed by a crisis atmosphere and a meeting between U S and West German officials that seemed to lessen the likelihood that the Tnited States would allow the dollar to decline The dollar was quoted at 1.8020 West German marks and 143 75 Japanese yen in European trading as of 9am, up from I 7721 marks and 141 475 yen as of late Monday after noon in New York The price of gold bullion on New Yorks Commodity Exchange was down $16 Ho a troy ounce to $464 90 shortly after 9 a rn today Gold had jumped $15 an ounce on Monday A jump of $37 50 in the price of the benchmark 30-year Treasury bond with a face value of $1,000 pushed its yield down to 9 4 percent by 9 a rn The yield had fallen to 9 I percent The yield of the bond which moves in the opposite direction from its price had been at IO 4 percent as recently as Monday morning It soared into double digits last week after the report of a larger than expected I S trade deficit raised fears of a sharp decline in the dollar The Tokyo Stock Exchange’s main index fell 14 9 percent today and the London Stock Exchange s key index was down 14 percent about halfway through the trading cession The Financial Times Stock Ex change I Ob-share index in London sank 296 5 points to I 735 8 by 12 to pm local time 7 to a rn EDT The sharp decline followed Monday s record plunge of 249 i points or lo 8 percent Selling also was heavy today on ex changes in Australia Taiwan Malaysia and Singapore The Hong Kong stock market did not open anti it will stay shut for the rest of the week to protect the in vestors and to allow the brokers to have time to settle the backlogs,' Ronald Li, chairman of the stock exchange. told a government run radio station The market's key index dropped ll percent Monday The dow s historic 508 00-point collapse Monday 22.6 percent from its value, outpacing the index’s declines on the eve of the Great Depression in 1929 The fall of the Dow industrials to 1,738.74 left it at a level not seen since April 1986 destroying a year's worth of gains in the 5-year-old bull market The volume of trading soared to 604 33 million shares, dwarfing the record of about 338 5 million shares set Friday Shares that lost in value outnumbered gamers by 50 to I Monday 's collapse wiped out $503 billion from the value of stocks, according to a measure of 5.000 issues on the New York and American stock exchanges and over the-counter market measured by the Wilshire Associates 5.000 Equity Index The index stood at $2 311 trillion • Whether today was a financial meltdown or not I wouldn't want to be around for one worse than this.” said John Phelan chairman of the New York Stock Exchange after the market sclose in New York Analy sts worried that stocks were vulnerable to further declines because of financial damage to specialists the people who accept stocks from sellers until they can find buyers In another bearish sign stock index futures remained at a steep dis count to stocks As long as that situa tion held, investors could lock in a profit by selling -tock'" and buying the index futures In a nutshell this thing could go further There s a domino effect here said !x*onard Grimaldi ex ecutive vice president of Amivest Corp in New 5 ork Early childhood program now Homespun Seele names first Good Citizens With the uwk lust*rn of the first ' v ck* grading peru*!. Seele I leincm.tr * has announced Us filth grade 'Gtwxl Citizens Those meriting rcsognitKvn in < Lalvwics class arc Nikki Vs lr ss Minerva Bayofu kHiclavs Hisself Amber Branham, M.wiica Cardenas. Teresa Castro, Kitchens* Cols rn. Jodv Dictrrt. Amy ( runwalil Kourtnev Han/. Barbara Merrrra Anna Jones, Bryan CXI. Mtrciki Q/una, Rsan Priby I. Pair wk Reed. Jikc Robledo, Armando Rosales Itulhp Sandoval and Eddie 5 barra To be reconized (rom Janice ( .univ s vlass are T*»by Baker Sarah Bolk, Gabnclla Cardenas, ( nee Chunn John Dterksen. S' .s .. I litres. Albert Gome/. Pablo Gonzales, Jesse Heffel, . i Mi teller. N’icolc Mulvane, Jem der Saxsenhagcn, Caprice cr C our! acy Toih, Trail Ainu \ alavicz and Pauma Si ha. I Us ll N one (mod vilizens from Outdate Hawkins ilass are David Ak oxer. \: ber Ari her. Matthew Buruh ( ar’i.is    Chol    ICO.    Melissa Cfownovcr. Ncnuwi I ffenberger, Man sa Garcia. Ryan Gillis, Jawtn C hi/ales Mars Ann Hcmandez, M Univ SLk Arthur. Douglas Miller, Jonathan Perez. Lindsey Reese, Johnny Keyes, Irades Smith, Amanita Sievenxitn, Julie Taylor. Kelly Naim, lain NGwthx and Danny N barra I he students from Judy Mink houses class are, IXmuIisj Als ai adv). J uh va Havona. Eli/cnda Campos, I lien l ogier, Angela I lugraih, Chris Gonzales, Jennifer Hauls. Melissa Martinez, Game Neilsoti, Renee Nelson, Jawtn Startles Missy Stidham, Shawnda Williams ai kl I nvh NNotqAa Citizens Ironi Judith Hunky s class are Courtney Barlow. Kara Birdwell, Cory Brandenburg. Alison Bruemmer. Mari/ela Carroon, I ami Carter, Michelle Clark, Cite cia Cortez, Veronica Garcia. Sally Kennedy. Chris Montanez, lama (Xhler. Michael Seidel. Gerry Sova Jo Ann Si>sa, Ian Winner and Denise Guerra Recognized from Susan (Xiv class are Julrvi Camaron*', Brian Chalk, Bec k y Costello, lorn ii to I sc ani ii La, Felicia lis^her Amy Flanigan, April Hoflmann, Suzy K ne upper, Jerry Martinez, Johnny Mendoza. Caleb Nten, Jo Ann O/una Guadalupe Perez, Knsti Kenner. Rosie Rosaks. Christie Schrocdcr. Teresa Sharer. Shannon Thursutn arui Nbcl N aide/ Commended from Deborah Smith s i lass arc Clint Alford. Kim Boswell,    I isa Cantu.    I upe Dominguez Sarah Lest Mars Ann Garrett Mark Gomez /andru Gonzalez. Brenda klahunde. Rvan Kocian Mark Miller Jana Nell Irene Karma*/, lim Ramirez. Alan KeyrV'so I rika Satchel, Matthew Schrocdcr, Meagan Schwab, Gabriel Tristan, Kenny Vallejo arid Jennifer W alker N BHS Speech team places high in contest Th** New Braunfels High Sehtiol sj*t*ch Tram compete*! in a -q >«**-, h tournament hosted by Madison High school Th** 12 students cntrrrd only onr rvrn! Extemporaneous speak mg txit thry cleaned up in the aw arils departrnrnt Prtrr (.erku received the first ranking in all four rounds of co rn pell turn to win first place overall Brent Bratton placed second and [baru Simon placed third Tied for fourth place were Jason A rd anti Patrick Se I dei .speech in.strut.tor Jennifer sanger rnano said the students performed extremely well considering this was their first time to participate in this event at a speech tournament Honorable lunches at Lamar School Honorable Lamar students gathered to eat lunch with their prin cipal Richard Free last week The Honors Luncheon which occurs every Thursday honors two students from each class Those who merited recognition last week wen* Regy Ormond Renee ('lark Rosanna Pere/ (“had Marne/ Rachel \ alade/ and Vanessa Yillanuev a Also honored were Melissa Munoz (’hris La bd in Daniel IU* I ais Cantos (tKirtnev Ramey Jeffrey Whitworth. Josh .speck Laura Boatwell and Jonathan Pere/ NBHS Campus a vocal one New Braunfels High schooi has a vocal student body one group on campus is more vocal than others the New Braunfels Hign School I’hoir participated in the T MEA Region All District Ghoir auditions on (Jct lo at MacArthur High School Fifteen students wen* se ie* ted to the district choir Chosen were first sopranos shan non Brown and Ghosty Durlond se cond soprano Amberg McConnell first altos Linda la*wis Tammy Mit obeli and Shannon Schumann first tenor David Houde and second tenors Dan Fox and Manuel Mar tine* Als*) selected were baritone's Bill Darling Todd Gonzales and John Trollmger ami basses Paul iHmlap Rubctl Pere/ ami Kotiert Walker In keeping with a nationwide trend to spotlight the importance of home and family, the early childhood intervention program announces a new name Homespun This change is prompted by a recognition of the natural relationship between parents and children, acknowledgement of familial values and needs, and current research findings in the field Homespun, formerly Developmental Program for In fants and Toddlers, will continue to provide professional early childhood services for families of children, birth to age 3. who have developmental delays associated with birth defects, accidents, illness. prematurity, or other factors Existing services have been ex panded to create an extensive menu of learning and support strategies and delivery systems to families These services include but are not limited to home and center based educational training, physical occupational and communication therapy, language and motor labs services to parents, siblings, and extended family members, group and individual sessions and mainstreaming activities All services are tailor-made to meet the needs of each family The Homespun program provides much needed services in a 13-county area encompassing 10,000 square miles Centers are located in New Braunfels (Comal County). Fredericksburg Blanco Gillespie, Llano. Mason, and Menard counties Kerrville Bandera. Kendall, Kerr, Kimble and Real counties', San Marcos (Hays County), and Seguin (Guadalupe County) Homespun is funded by Early Childhood Intervention. Austin State School Community Outreach Services United Way. county and city commissions Community Fund, and other local organizations in the identified service areas The Homespun center in New Braunfels is located at 572 W San Antonio to serve children and families in Comal County A team of professionals is available for screening, assessing and working with children and families both in the home and at the center To make a referral or find out more about the services offered call the Homespun Center at 625-1510. You’ve Already Paid-In-Fufl For The Relief You Need NOTICE. The Portable Color T Y., Stock #K40353 advertised in the Herald-Zeitung. Sun. Oct. 18,1987, Pg 5A, stated: ti Button Remote. This particular model does not come with a remote. The error was unintentional & Sears regrets any inconvenience it may have caused it s customers. M7 Land* Maw Braiiafata 625*8511 why not JCP Richardson Chiropractic Clinic If you ve had back trouble, and thought you couldn t afford to see a Chiropractor, relax’ At Richardson Chiropractic, we accept what your qualifying insurance pays as PAYMENT IN FULL!! WHAT A RELIEF!! You ve paid for your insurance use it to get the relief you may nee< Your treatments may be at little or no cost to you in accordance with the terms of your insurance contract or policy We absorb up to $300 deductibles Nutntion Therapy and support not included Medicare patients must pay for exams and x rays and meet their deductibles Dr Jerry Richardson, D C Call for your appointment1 629-4488 606 South Walnut Walnut Square Shopping Center ;

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