New Braunfels Herald Zeitung, October 29, 1987, Page 3

New Braunfels Herald Zeitung

October 29, 1987

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Issue date: Thursday, October 29, 1987

Pages available: 16

Previous edition: Wednesday, October 28, 1987

Next edition: Friday, October 30, 1987 - Used by the World's Finest Libraries and Institutions

About New Braunfels Herald Zeitung

Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Pages available: 318,726

Years available: 1952 - 2013

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New Braunfels Herald Zeitung (Newspaper) - October 29, 1987, New Braunfels, Texas Crossword ACROSS 1 Esparto 5 Construct 9 Ascribe 14 Thug 15 I ocale 16 Gentry 17 Italian town 18 Mark down .>0 News article 21 Projection 22 Powdered 23    do' it s impos sible 25 Forestall 27 Detrained 29 Contd story 30 Eros peer '4 Wrong pre! 36 Captured 38 Shooter 19 Permeates 42 Office gal 43 Rose oil 44 Do handwork 45 shredded 46 Airline abbr 4? Tree part 49    la vista 51 Skin projections ‘ 4 Funny person ‘>8 Novelist I ev in 60 George Bernard or Artie 61 Bridge type 63 Hurting 64 Bury 65 Dish out 66 Celtic 67 Condemns 68 Wields 69 Fragment DOWN 1 Encore'" 2 Reno game 3 Weatherman 4 Dog or cat 5 Languish 6 Mountain nymph 7 House of 8 Tarnish 9 Happen again 10 Vale studes 11 Command 12 Ending for major 13 Marsh growth 19 German river 24 Explosive 26 Canon 28 Valve 30 islam title 31 An Alp 32 Great Barrier island 33 Leavings 34 Becloud Stocks PREVIOUS PUZZLE SOLVED D I S A R M R A I sj ■■ A L A T E L* a'r E S N E S T M IN T S A u ■ A J T 'A R P A T E ■ Is T E N I R'i ATA S C A R s F r‘a I SA \ 'em 35 Against 37 Famed odist 38 Missile 40 Chemical suffix 4 I Reckoning 46 Noble 48 Females 49 Inheritors 50 Mountain spur 52 Ankle bones 53 Purview 54 Sour-tastmg 55 Hand It 56 Toward 57 Plant part 59 Metric units 62 Rhea s kin I 9 IO 11 12 13 '6 19 177 NEW YORK (AP) -Morning stocks: High Low I .ast AMR Corp Ameritecn s AMI Inc AmStand Amer T&T Amoco Armeolnc AtlRichfld BakerHugh n BancTexas n BellAtlan BellSouth s Beth Steel Borden Caterpllr tentel Chevron Chrysler s Coastal s Coca Cola Coleman Colg Palm ComlMetl s DeltaAirl DtgitalEq Dow Chem Dressrlnd duPont KstKodak s F.nserch Entexln* Exxon s Firestone FtBcpTex FstRepub Flowered FordM'tr GAF Cp GTE Corp s (InDy nam Gen E let s tier. Milb Lien Motors (inMott F Goodrich (ioodvear GtAtlPa. Gulf StaUt Haliburtn Holiday Pp n HollvFarm s Hous Lind IBM IntlPaper s 32 304 314 88 864 874 107« 104 104 353* 354 354 2914 284 294 70 684 694 8 74 8 774 754 76 1334 134 134 I7* 14 I7* 714 704 714 367s 364 364 IO7* 104 104 42 404 42 474 45 474 54 534 53*4 424 404 404 244 234 244 23 224 23 404 384 40 274 264 274 424 414 424 144 144 144 364 354 364 129 126 1284 684 674 684 204 204 204 87j4 854 874 544 524 544 154 154 154 16 15 154 414 404 41 274 264 274 14 I 14 84 84 84 234 224 234 734 714 734 42 404 41 37 35 37 504 50 504 454 434 45 464 46 461 * 594 574 584 33 314 324 JO-* 294 304 43 424 424 32 314 32 6 54 6 234 ‘224 23 19 184 184 31 * 31 314 314 304 314 1204 118-4 1194 Xv i 31 324 77 ?* TS14 774 27 26‘* *17 2Sl4 254 264 tty''* 4 684 694 214 . 174 174 214 214 214 34 3*% 34 64 6 *"*» 64 27 4 26*4 tm 68 67 68 36 *» 364 364 64 614 64 434 42 43‘ti 4 » 4 (*♦ 68 •« 674 68 294 284 29 « 4" > 184 404 294 284 284 Reagan comments based on 'before the crash' data A \>H I Millis AP* Sin* i‘ last rtti x s >{.« k market collapse •• ' 'tent Hea< an hitv rrpralfdlii "iifwl Hie nation there are Hi' Mgn$ * ,t ieterr rating e* i*n-*ftt> a view • t priv ate ex '<jfKjflusts t all ai curate I! lr ** a- the president coft* *» i» thai th* economy has U*en r witu; at a robust pat e so far thi" v* ar dr iv i ria! the unemploy tm* nt rate L art t*tght-y ear low and with m-,tu»n moderating after a temporary cart caused by rising od prices After two years id depresvexf uliti'ws i ausrd by die Huge foreign ' ade deficit the nation 4 manilla* turerv are enjoy in*; b**»aii times as itw l«v uiuali«»nof the dollar i. ains! foreign curtenctes hat uuide I S pfmJui l*> c <mp**titi\e urn e again •ti ov erseas markets While th***-* staUstii v cited by the ;»j esident are accurate, ecxmoiiusts i> th«*v are also "BC before the rash a record downturn ttiat has fir en    severe and so sudden that thulv 'tv Lave ta en left groping for a.i\v (< ass. *.s lt> till} ta t i .ill tilt future I L* ti <*p in vim k prices in tile past ’. iv - lr ii, fla ir highs in August .»> w,|K-d it nearly $1 tnlli ti in i: .met wealth Analysts say tv jm f iitss is bound to have an impact iii consumers confidence and their willingness to continue spen* tm* Ea • n>iitusts just dim t know great tfw impact will tie h wing is a capsule look at important economic barometers, ♦ w tt.ey I lave performed so far this year and estimates < a fiat will tu»ppx*n follow mg Ila* stock crash ( i > Ysl A11 K SPENDING It is the biggest force driving th** economy, accounUng fur fully tw — third* cf the gross national pr**du* I the total output of Hh* nation s got* and w*r\ aes ( nnsumer spending was rising at ar! annual rate of 4 8 percent from July thr ugh September the strongest in* reus* in a vear Analysts already had been forecasting slower growth for future quarters be* a use of an expected weakness in auto sales But the st ** k market decline now threatens retailers important Christmas season A key figure to watt Ii analyses say, will lie the car sales report for tile last lo du\ s in (ktuber the first pen**l following '.fie t rash If I S aulu sales take a steep nosedive in the figures to ta* released AS *-* 1-nc* .av analyst' s.*v VS at- ’ ut BCSI NUNS SHEN DINA* Whil* busines" tm estment is a murk smaller component of tile overall economy it is considered a key barometer of industry sentiment and optimism about future sales and plans to expand production and lure new workers It shot up at an anima; rate of it * percent in tile just* completed third quarter, Uh* dial pest increase rn airthed four years Hie key question VA ill businesses v ale back expansion plans now because of fears tliat consumer spending is going to weaken HOUSING CONST RI ( HON It has been falling all year tinder tilt impact of higher mortgage rates high apartment va* am y rates and the new tax law which removed many incentives for investing in teal estate Anal) sis don t exjn ct nim h of an upturn here even though tiiey “SS (vt rn HNI 'n 357-^^08 Mi Ck* .ta* 50c Thursday Octob* * JO Mark Luke Daniels E* alay October JO Rob Watkins Saturday October JI Halloween Bash* ' Painted Pony TUESDAYS Shuttieooarcl Tournament Pr tie to bx* given away PhilipPet 114 ll 114 Polaroid s 22 21 214 Prtmeriea s 274 254 274 ProctGamb 83 804 83 Pubs NwMx 234 224 23 Sabine 124 124 124 SFeSouPac 504 474 50 SearsRoeb 344 334 344 SherwinWm 234 224 23 Singer Co 37 324 364 Southern Co 214 214 214 Southland 584 56 564 SwstBell s 38 364 3714 SunComp 494 484 494 TNP Ent 194 194 194 Tandy 364 344 364 Templlnld s 394 38 394 T enneco 41 394 41 vjTexaco 304 294 294 TexAmBneh 54 54 54 TexEastn 214 204 214 Texaslnd 274 274 27s** Texaslnst s 46 444 454 Tex Util 284 274 284 Textron s 204 19 194 Tyler 104 104 104 CSX Corp UnCarbae 254 244 254 20 19 194 UnPacCp 49 48 48 a US West 504 494 50 UmTel 254 24 a 25 Unocal 264 254 264 W'alMart s 254 244 254 WestghEl 46 434 46 Xerox Up 514 504 514 Zeniths 124 124 124 U.S. Market up despite Hong Kong, Tokyo drop NEW YORK AP The stock market moved higher in heavy trading today despite lower prices in Tokyo and Hong Kong and another fall in the dollar The Dow Jones industrial average was up about 57 points to about 1.903 The average edged up 0.33 Wednesday after swinging erratically throughout the session Seven stocks rose in price for every three that fell on the New York Stock Exchange Meanwhile, prices rose slightly on the london Stock Exchange, where the main market index was up I 5 percent Analysts said British trading was aided by the higher prices on Wall Street In Tokyo earlier today, prices closed lower, with a key market indicator finishing down 2 4 percent Prices also closed lower today in Hung Kong, where one closely-watched index was down 7 percent in moderate trading Analysts in Tokyo blamed the decline in that countrv ’s exchange in part on a weakening dollar, which fell again against the Japanese yen The dollar, which opened in Tokyo today at 138.60 yen, fell as low as 137.40 yen in afternoon trading before closing at 137.55 yen — its lowest closing level since modem exchange rate figures were set in the late 1940s The final figure was significantly below the dollar's Wednesday close of 140 75 yen. In New York today, the dollar eased to 138 yen, compared to 138.75 yen late Wednesday. Analysts said they were surprised that Wall Street opened so strongly today, but said the market may have gotten some encouragement from signs of stability that emerged during Wednesday's session The market's strength in the face of the overseas losses and the dollar’s weakness was a positive sign, said Jack Baker, head of block trading at Shearson I oilman Brothers Inc. "We're pretty impressed.’' he said However. A lot of people aren’t going to rush back” to stocks of smaller companies. Baker said. Those stocks, which comprise what is known as the secondary market, remained lower even while blue chip stocks rose following the market's Get 19 collapse Although there was more panic stock selling in New York Wednesday, "each wave puts less pressure on the market.' said Michael Metz, an analyst with Op-penheimer & Co. That could be a sign of a turnaround. or at least a welcome measure of stability, some suggested. Alan Shaw, a managing director at Smith Barney. Harris Upham & Co., said the Dow average's 21 5-point recovery in the last 30 minutes evidenced the market's resiliency in spite of the turmoil that began with the Oct. 19 collapse that erased $500 billion from the value of stocks But analysts were still cautious This is a very treacherous market,” said Alfred E Goldman a vice president at A G Edwards ii Sons Inc. in St. Louis. Two stocks fell for every one that advanced Wednesday Meanwhile, the market value of American stocks, as measured by Wilshire Associates, fell $12 billion, or 0.5 percent, to $2 25 trillion after recouping On Tuesday, stocks picked up about $37 billion, while the Dow average rose 52 56 points Volume came to 279 million shares in another abbreviated session on the New York exchange. Markets have been closing two hours early to allow people to catch up on paperw ork and will continue to have shortened hours through F riday In early New York dealings today, the dollar hovered around Wednesday's lows against the British pound and the West German mark Stephen Flanagan a trader at Manufacturers Hanover Trust Co., predicted activity would be "choppy” and marked by "considerable dollar buying" because of technical factors Reasoner full of baloney EL PASO. Texas AP - CBS newsman Harry Reasoner knew he was dishing out a big load of baloney when he called the University of Texas-El Paso one of the most distinguished in the nation, but it was all in fun Reasoner, speaking Tuesday in a national radio broadcast, said he was testing the school's "Emergency Baloney gram System" by feeding his listeners a big bunch of baloney unsandwiched by truth. Texas-El Paso officials cooked up the tongue-in-cheek Baloneygram idea last week to clear up misconceptions about the university The school bites back at disseminators of incorrect information by ordering a Baloneygram to clear up the misconception Reasoner seemed to want a Baloneygram rn the "wurst” way Tuesday when he served a tall stack of baloney on CBS New snotes. •‘The ivy-and-cactus-covered campus of the University of Texas at El Paso is home to one of America s foremost and most respected academic institutions." Reasoner said "UTEP's stringent admission policies rank second only to Harvard's "The distinguished UTEP faculty has hired twice as many Nobel prize winners as MIT and Cal Tech combined .And at the UTEP phys-ed department, the only scholar-athletes who didn't win Rhodes scholarships last year made do with Fulbrights.” The campus is not ivy-covered School officials said Reasoner s comments didn’t give them any indigestion. bell* vc mortgage rate" are headed down UNEMPLOYMENT Unemployment in September fell to 5 9 percent the first time this decade it has been below 6 percent But economists are new predicting it will t**gin rising again because of the weak economic growth they are forecasting I NE I A I Ion I hrough September. inflation has been rising at .t: annual rate of 4 8 percent While there I-I been fears that rising energy prices c**uid "end consumer pm es racing ahead at much higher rates eeononusts now behew* those worries were unjustified IM KREN I RATES One of the few br’gtit spots in the post-stock « 'Hap***- world The Federal Reserve which had been tightening credit bx a use of inflation worries, fias been aggressively easing since the crash to insure that the sudden loss of wealth didn't weaken the American banking system This infusion of new money is expected to push a variety of interest rates, including mortgage rates, lower in months ahead, rev ersing some of the hefty increases seen earlier in the vear BUDGET DEFICIT The budget deficit fell by 33 percent in the fiscal vear which ended Sept 30. declining to $148 billion While Wall Street has forced the Reagan administration and Congress to get serious about making further deficit reductions, analysts are not h**peful Despite what happens rn the negotiations. many of them "ee the red ink rising to around UTO billion in the current budget year SKATE CENTER - SEGUIN OPEN FRI NITE 7 30 10 30 BLDG NOW AVAIL SAT KITES FOB PRIVATE PARTIES ETC ' (SKATING OR NON SKATING) RENTAL INFO: 372 Fndav October 30 8 OO 12 OO Stockton & Johnson Saturday October 31 9 OO 1 OO Clay Blaker Sunday November 1 4 00 8 00 Hal Michael Ketchum 625 0142 f BARGAIN MATINEES 4 40 TO 5 30 DAU Y V' A*'v •*’ '    * FATAL ATTRACTION Sat Sun 2 JO 4 4* IOO* *S _A»«*    Jar*    4    4S    7    OO    t    H WALNUT 6 629-6400 TU,S,)AV HHHHHHHi _ liar* Mere I like I.tiki I rn Sat Sun A•okday JU HIU I SKK' STAKEOUT Sat Sun J J% 4 SO 7 06 9 20 A ark da* * 4 SC 7 OS 9 20 Sat Sun I JO J JO * JO ’ JC 9 JO ftmaayv b JO 7 JO 9 JO HATOUM He ll *eor your voui opart Sat Sun I IO J IO A 10 7 lOlTO Meekly* 6 IO 7 IO 9 *0 Sat Sun I OO J OSS 10 71 Wftkdiyc S IO 7 20 9 JO Sat Sun 2 46 SOO 7 IS *30 Aaakdayx 6 OO 7 1SS30 Friday, October 30 9: OO to I : OO Caroline Steele Saturday, October 31 Darrell McCall ff e Noir Nerve Mixed Drink* Restaurant Thursday Night /^saturday Kibeye Steak Dinner /    Night $5.95    /    Prime Rib Dinner 8 oz. Ribeye    /for $5.95 Salad Bar / 8 oz. Prime Rib Baked Potato /    Salad Bar j,* Texas Toast Don't Forget ToCount TheOpa* Herald-Zeitung /* ihttl Sunday •> >rntnq. Tuesday. l\tdn»aduy, Tk*r»dtit n»<i h r On afft rn,i,,'n, by S* u branchi* ti* raUi Z*\tunq, ?Q? I anda St r u lirui.i 'II.'IJm Aru Hniuh’tls.    7#    131132$ Second ( las* p, tag* /*•*<</ bu A*1 Hmuhtt la Ut raid Zi itu ny at A* < Hrauntels. Teiiu lt»e 0m turn* a ^ot^ifk1**; the txopety et fk* Our Vim Xiiuat «*' tx kr» tv 1051 IU 35 E.New Braunfels 625-8017 In Today’s Herald-Zeitung. Join in on the exciting Count The Opas Contest - starts new Sunday of each week through Wurstlest. There are Opas in today s Herald Zeitung holding a newspaper in his hand lf you are not a current (paid up) subscriber to the Herald Zeitung there is still time start your subscription and double the prize money! 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