New Braunfels Herald Zeitung, October 27, 1987, Page 3

New Braunfels Herald Zeitung

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Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Pages available: 319,437

Years available: 1952 - 2013

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New Braunfels Herald Zeitung (Newspaper) - October 27, 1987, New Braunfels, Texas Crossword Stocks ACROSS 1 X-number 5 Run the show 9 Femmes 14 Woodbine or Pimlico 15 Lopsided 16 Psychotherapist — Coue 17 French-Canadian name 18 Jeer 19 Pool shot 20 Bridge word 22 Lowered 24 Enounces 26 Destroys 27 Author Chase 29 Preceded 30 Head cover 33 T arheel or Ricebird 37 Area on Mars 38 Sardonicism 39 Trinitrotoluene 40 French city 4 1 Receptions 42 Lead and zinc 44 Tuber 45 Machine part 46 Desert hill 4 7 Panama city 49 Kind of room 53 Of certain Arabs 57 Woody vine 58 Lark 59 Print type 61 Pepper shrubs 62 Get together 63 Blood parts 64 Riga native 65 Bestower 66 Catch 67 Loom reed DOWN 1 Kinds 2 Manifest 3 Fixed idea 4 Public votes 5 Container 6 Strong smelling 7 Serious 8 Theorized 9 Kind of note 10 Stockpile 11 Failure 12 Additional 13 Kernel 21 Green shade 23 Garnishment 25 Snow runner 28 Adversary 30 Book palm 31 Seed coat 32 Banquet 33 Community 34 Region 35 Get around PREVIOUS PUZZLE SOLVED AVON -A0 WM RES ANENT bVs't's 36 Electees 37 Yard goods 40 Punitive 42 Trunk 43 Kind Of cup 45 spaniel 4 7 Poem part 48 Saltpeter 50 Entangle 51 Related maternally 52 Flavorsome 53 Tater 54 Pisa s river 55 Weather word 56 Dear It 60 Garment part NKW YORK M o r n i AMR Corp Ameritech s AMI Inc AmStand Amer Tit I Amoco Armcolnc AtlRichfld Bakerllugh n BancTexas n BellAtlan BellSouth s Beth Steel Borden Caterpllr Centel Chevron Chrysler s Coastal s CocaCola Coleman Colg Palm Coml Met I s DeltaAir! Digital Kq DowChem Dressrlnd duPont Est Kodak*• Enserch Entexlnc K\von -F irestone KtB* pTev Est Repub Eloper I nd Ford Mot r • iAh Cp GTE Corp s GnPy nam GenKlct *> i .enAbib Gen Motors GnMotr K Goodrich Goodyear GlAtlPac Gulf Mal t Malibu rtn Moth Farm > Roust Ind IBM Intl Paper s Johns]n K mart s Kroger > vjLTA Cp Litton Ind lameMa Ind Lames l-Ub> > M* orp Max us n Mrdtr*»i < Mobs Moment. Motorola Navistar N\ne\ Par Tri s Penney Ji «. Pheip' I kid PtuiipPrt Polaroid i Pnmeru-a % AP n g stocks High Low Last 34 32'; 324 88% 87 4 87 4 IIN 114 114 364 354 354 28 274 274 71 694 69' 4 84 7 s 4 74 76 '4 76 76* 4 144 134 134 24 2 24 74 72'. 734 38 37 37 4 ll 104 10 4 42 * 4 414 42 44 4 43 43*4 34* j 53 j 534 Mi 39 39 4 254 244 24 4 22% 21 -4 224 404 364 384 29 4 29 ■ j 29 j 42 4 41 4 41 •» 164 16*4 16*4 37 i 364 364 12(» . 117*4 117 4 67 64 644 2U 4 194 204 85 4 83-j 8:1 4 534 51 4 52 15* 144 154 164 154 154 43 , 42 i 43 I 26 I 26*. 1 i 94 I 8‘ 4 I 8*4 25 23 . 244 4 69 69'» 43 41*4 42 37*» *«. 36 - 314 SI 514 4«i 42 . 45 454 444 44 , 551 58 . 33 * i2 32' 31 324- 32 46 . 45 •» 45 4 32 . 54 3*» 5*4 224 mr-. ■ V* ii i. ll * M> ", .31* 3(1 ■% :W Si 118 . 115 118 32 SFV* 30 - j 68 68 FroctGamb 82*4 81*4 814 Pubs NwMx 23*4 22 4 22 4 Sabine 124 124 12*4 SF'eSouPac 504 47*4 47-2 SearsRoeb :)6 34 4 :)54 SherwinW m 234 224 23 Singer Co 35 33 334 Southern Co 21 ’ 4 211 - 214 Southland 521 ■ 50 51 SwstBell s ;i9l* 374 374 SunComp 49-* 49 49 TNP Ent 19 4 19 4 194 Tandy 35*4 34 344 Templlnld s 39’ j 38 38 Tennec'O 41 394 40 vjTexaco 304 29*4 294 Tex.AmBnch 64 6 64 TexF^astn 2:5 >•; 224 224 Texaslnd 27 4 274 27 - Texaslnst s 39*4 384 38 - Tex Util 29 284 28 2 Textron s 21 > * 204 204 Tyler 10*4 104 10*4 USX Cor]:) 26*2 25*4 254 UnCarbde 204 194 19*2 UnPacUp 49 . 48 484 US West 50-4 49 50 4 UniTel 254 25 254 Unocal 28 27* 4 27;. Wa!Alan s 27 4 25 26 •* WestghEl Xerox Cp ZemthE 46 54 12', 43    434 511 a 514 IIH. HH Market rebounds after Japan, Hong Kong rise NEW YORK AF - The battered stock market rebounded sharply today in response to a rise in prices on exchanges in Japan and Hong Kong The Dow Jones average of 30 industrials. which on Monday-registered its worst decline since the Oct 19 market collapse, soared 84 22 to 1.878 15 in the first half hour of trading Advancing issues outnumbered losers by about 13 to 3 in the early tally of New York Stock Exchange-listed issues, with 1.220 up 218 down and 238 unchanged Volume on the Big Board came to 48 37 million shares as of IO a.rn on VS all Street Market dive is blamed for investor’s suicide MILWAUKEE AP - A 38 year old retired businessman who reportedly lost $500,000 on the stock market in last week s crash has com muted suicide authorities said Vernon K Lamberg former press dent of Appleton Machine Co in Ap pleton was found dead Friday morn mg at Brock " Motel in VS automa authorities said Lamberg died of asphyxiation after he broke a liquid petroleum line leading from the furnace to his motel room, said Waushara County Cor oner Roland Handel Sr Lamberg who was reported miss mg Wednesday was very despondent over the stock market situa Mon according to an Outagamie ( aunty Sheriff s Department report An unidentified source quoted in today s Milwaukee Sentinel said Lamberg lost an estimated $5oo OOO when the Dow Jones industrial average dropped a record 508 points (let 19 He exposed himself to too much risk an<l he got caught He got caught in the worst market day in the history of this country the source said Deficit reduction likely to resemble Demos’ plan W ARMINGTON 'ax * th AF increase I* v ear is atly w i lh ten mg ss certain there vt iv in individual inc on hi. ti are sc heduled ti ■ct veal un.ler the I* * tax drop tax aul P resident Reagan s un rig opposition the* House Ways Means i ommittee and the r Finance Committee a .ms!tiering raising rate developed their corr ca* raising bills carlie unled when et mg this Vt* st other ways of raising taxes ar« at ieast *»j'«-n lor discussion But t*vulsc both committees are con tnt cd by Democ rats the final pat v »ge probat>1 y will place Illest of ai a n* w tax burden on corpor at ions ai«! upjer im ome mdivlduals Ii.,*t i> a Halt common to Mw jam ii: g tolls Mw Way** arni Means \er -ion which would raise* about SIJ m . ti from next January through Sc ptemtier and Mw* Finance Com nutter plan which would bring in about 111 *billion sex erat proc is tons ate in t*»th bills wtn< ii will t** ?ii« starting {Hunt ac congressional and Reagan ad ministration leaders try to negotiate a pac Rage of deficit cut* F or example both would eliminate a major estate tax break for the wealthy in last year s tax overhaul allowing Mw* treasury to lake in atiout ll filii ion more a year and faith would rejieal a spec tai accounting method favored by defense* control* tm v at a sax mg of SFK© million There are some major differences however The Finance Committee voted to i ns** ScH'ial Securitv Medicare taxes \nv    the estimated K million workers that    who will make more than $4 > (•• rw-xt kelv    year The bill would subject all their wages to Mw* I 45 percent Medicare tax uniter present law only the* first $4.. im) of wages would tit* taxed This would raise $2 J billion next year but the Ways and Means Committee re J cc ted it * *n Mw* other hand the House panel moved to reduce tax t**nefits that help finance some hostile corporate takeovers The bill would limit to $5 million the interest deduction for money borrowed to support a takeover and impose a special *> percent tax on profits of certain sh* k redeemed following a hostile tender ofter The F inance Committee pointedly refused to consider those* proposals with some members including Ken Daniel Patrick Mov nihan DNN contending such taxes would ’’close off corporate acquisitions by domestic interests leaving the field free for foreign purchasers The mere inclusion of those prmi cions rn the House bill has been cites! by -ome analysts as a cause of last week s market collapse Rep Byron Dor gait DND an author ut Mw changes called such statements ludicrous Some of tier provisions in one or both bills TELEPHONES Both would ex tend for three years Mie expiring 3 percent tax on local and long distance telephone serv ice HOMF LOANS Tile House plan t*ut not Mw* Senate would limit to SI million Mw* maximum amount of home purchase mortgage* loans on wfilch interest could t*e deducted Deductible borne equity loans tor whatever purpose would tw* limited toSlOO OIH) ESTIMATED TAXES Both would tighten rules requiring cor portions to pay more of their taxes iii advance resulting in SI 8 billion in increased collection* next vear MHM It MION til lilt MON MUMMING PIUJGHAM lu the Picsuiiiig Judges and C ounly Quitman: Nonce is heiehy given that Iheie will be an election (laming piogiani to be held on x*tuuJa* UuLube; IL* TSH/    ----------• (ti.ac iii It.mint!I Lur'd I County Corm i a 11 one r k Courtroom, Roo* 301 I lie training piogfdin will he held al    Floor t Annex Bu tiding __________ IO    •    OO    ah._ (loc.'I IDI) J (nine) Signature of Coon * ii i < lx / tv Clerk /r^ The newspaper also reported that Lambergs broker requested $200,000 more collateral last week to back loans Lamberg had made for future investments Handel said family members and friends also told him Lambergs disappearance and death had something to do with the stock market Lamberg s body was found casually dressed and partially wrapped in a blanket in a chair by a cleaning lady who entered his motel room Handel said The victim s family had begun to search in VSaushara County bec ause Lamberg s wife Jackie received a package from him Thursday Handel said He had packed up a lot of his money and mailed it to his wife and iamily Handel said Although Lamberg lived in Appleton 30 miles southwest of Green Bay relatives began searching for him in neighboring VSaushara County after noticing the package s postmark he said A note addressed to Mrs Lamberg was found with the mans body Handel said Its contents were not disclosed jf Reagan holding to 'correction' WASHINGTON AP President Reagan is persisting in characters mg the stock market plunge av a cor rectum despite another -deep tumble in the I vow Jones industrial average Reagan in an interview with foreign television correspondents said the Iii point plunge in the Dow or. Monday 8 4 percent of its value simply may have tieen a case in which the market overpriced Used anti is now making a correltive change tm th** previous Monday when the lk»w plunged 22 6 percent of Us value in the worst tine day drop since 1914 Reagan said it must have tw*en some kind of correction and speculated that the panic had been triggered by people who saw a chance to grab a profit * Profit taking ami "correction are terms ux*d by investors to described a downward swing in a generally rising market The Dow has lost atiout a third of Us value since its peak in late August and m vest ors have lost atiout ll trillion In oilier developments Monday House Hanking Committee Chairman Rep FerdnandJ Sider main DRI said he intended to look into why the government owned Con tmental Illinois ( orp was permitted to become a major lender to stock op lions traders in Chn ago The Federal IVposit Insurance (orp the agency that insures deposits in commercial banks rescued Continental in 1984 in the largest ever government bank bailout ami still holds about 60 per cent of Us stin k The t»ank announced on Monday that it may report a moderate loss in the fourth quarter because of a sjiec tai provision of about $90 million for large losses suffered in the market plunge by a subsidiary F irst Options of Chicago Inc SAVE 33°'o Scotch’ Magic Branch Tape • »«* i 1296* ugg - st s. h $1.69 621 3979 Cast* «erm*s O wrier Harald-Zritung .4.,/ ,V. hr<tu «/» i* Ut s u nda y ” V A* U Hr, Hruunltl* raid Z, Ila i 7 ut >titty, H. raid 7.1 A. W. Ti da y, ’ Tat ti ( Th UTU da ,S I » fH.StQ im i and Tnday P ii. Drau « r fniid ha St u "Ifs the reverse of what happened yesterday.” said Hildegarde Zagor ski a market strategist for Frudential-Bache Securities Inc •Yesterday all the foreign stocks were down sharply Today they re up The U S market is reacting to that ” Stock prices closed sharply higher in Tokyo and Hong Kong after plung mg on Monday however stocks in London reversed a strong opening amid concerns about a huge British Petroleum Co FU share offering Among the prominent biue chips Ford Motor rose 3 to 70 American Express 2 i to 24 American Telephone and Telegraph 14 to 27 a . and Exxon 14 to 43 The NYSE's composite index of all its listed common stocks rose 5 06 to 132.94 On the American Stock Ex change the market value index was up 6 53 at 246 20 On Monday the Dow Jones in dustrial average plunged 156 83 to 1.793 93 — an 8 04 percent decline Losers outpaced gainers by about 14 to I on the New York Stock Exchange with 1.788 down 126 up and 102 unchanged Big Board volume totaled 308 82 million shares.the sixth busiest day on Wall Street, against 245 56 million shares in the previous session Stock prices jumped higher in heavy trading on Vs all Street today as the [yow Jones industrial average rose about 62 points follow mg earlier gams in Tokyo and Hong Kong The quick rise in prices in New York today contrasted sharply to Mondays pessimism when the Dow suffered its second-largest point loss in history Shortly after trading began the Dow was up 83 points but slipped back an hour later to 62 points which put it at about 1.856 Three stocks were rising in price for every one that fell Wall Street got some good news to day from Washington, where the government reported that orders to factories for big ticket durable goods rose I I percent in September the first increase since June And Democratic and Republican congressional leaders said they are optimistic that negotiations with the White House can cut the federal budget deficit but they re concerned that the financial markets may expect too much hniun/t Iii YIH KH I HTR    ait    HYI. Mi CAM PBT: LI I <iitor anti Publish, r    Cia*situ ti Mantid, r JIM WT HHT    CARO!    AVIRY Circulation Manager HFROR \H I AU HT A< /    if    \ HUIE I. OM HA RI Hi nth,-, Manager    Com    pass turn For, man > 4 A IU HI TUR    ars TI HPI R, tail id • rft*tng iinnog, r    Pr,    * .room Far, man Cam*r d, In try in Comal (Ct adat up* Hays Blanco and Kendall count,** th r,, month* SlVtS, *.j mon th* Si7 * on* y, ar SJ2 St mar Citizen* lh»count arn, r deist,ry only *u month* Sly go. on, y, ar, St'0<> Mail d, In * ry uutnd, Comal County, in T* to* thr,, month*. Slit (Hi. six month* SSI. on, y, ar Sbo Mail outsid, T* xa» fix month*, Sui; tm* y,ar S'o It you hai, not rum rd your n* u *f*if* r by 5 30 p m Tunday through Friday, or by 7 SO ii", Sunday, ail 625 Y/*« or e.S* IWHJ by ? p rn and ll am r* *pt cli cly Po*tma*t,r S, nd addr, ** chang,* to P (J Itrau cr 3113tb \» u Hniunt,U I,xa* 'MISI 132* Please Support Comfund STOCKS BONDS MUTUAL FUNDS INSURANCE ANNUITIES Stan Cunningham 1000 N. Walnut Suite F New Braunfels. Tx. 71130 629-0055 Edward D. .Jones & Co.PL BUC NOTICE OF TEST OF AUTOMATIC TABULATING EQUIPMENT Notice is hereby given that the automatic tabulating equipment that will be used in the SPECIAL ____  Electipn    held    on-Eg    Yaak    SI—Ii?!_ will be tested on    r    ?    a.. ?9Q_Z at - .uUQQ- 2 (date)    (time) at Cgs* I Cc mill .Cl, ti I’ I (location) Of t ice .Pour thouse to ascertain that it will accurately count the votes cast for ail offices and on all measures A ui^LjlLLlLU. OL Signature of Presiding Judge ;

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