Thursday, October 29, 1987

New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Page: 3

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Text Content of Page 3 of New Braunfels Herald Zeitung on Thursday, October 29, 1987

New Braunfels Herald-Zeitung (Newspaper) - October 29, 1987, New Braunfels, Texas Crossword ACROSS 1 Esparto 5 Construct 9 Ascribe 14 Thug 15 Locate 16 17 Italian town 18 Mark down 20 News article 21 Projection 22 Powdered 23 Its impos sible 25 Forestall 27 Detrained 29 story 30 Eros peer 34 Wrong pref 36 Captured 38 Shooter 39 Permeates Office gal 43 Rose oil Do handwork 45 Shredded 46 Airline ahbr 47 Tree part 49 la vista 51 Skin projections 54 Funny person 58 Novelist Levin 60 Qeorge Ber nard or Artie 61 BrMgetype S3 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 to Yale 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 PACVIOUS PUZZLE New Texas October Ptges Stocks 35 Against 37 Famed odist 38 Missile 40 Chemical suttix 41 Reckoning 46 Noble 48 Females 49 Inheritors 50 Mountain spur 52 Ankle bones 53 Purview 54 Sourtasting 55 Hand 56 Toward 57 Plant part 59 Metric units 62 Rheas kin NEW YORK AP Morning stocks High Low Last AMR Corp Ameritecn s AMIInc AmStand Amer T4T Amoco Armcolnc AtlRichfld BakerHugh n BancTexas n BellAtlan BellSouth s Beth Steel Borden Caterpllr Centel Chevron Chrysler s Coastal s CocaCola Coleman Colg Palm ComlMetl s DeltaAir DigitalEq DowChem Dressrlnd duPont EstKodak s Enserch Entexlnc Exxon s Firestone FtBcpTex FstRepub Klowerlnd FordMotr GAF Cp GTE Corps GnDynam GenKlct s GenMilLs Gen Motors GnMotr E Goodrich Goodyear GtAtlPac Gulf StaUt Haliburtn HolidayCp n HoUyFarms HousUnd IBM IntlPaper s JohnsJn K mart s Kroners Utton Ind 1oneSla Ind MCorp Maxus n MaylXSt Medtronic Mobi Monsanto Motorola Navistar Nyntx PiuTel s Penney JC s s fHxi 32 M 10 35 70 8 77H 30 10 35Vt 28 MJ 68 36 s 107s 42 47 Mi 54 2434 23 40iii 27 1 14d 36a 129 8734 16 4178 42 37 46s 59ls 33 30 l 43 32 6 23 14 19 31 4 3114 1204 32 S 7 1 27 26 1 4 2Ts 22 17H 68 64 40 70V4 36 10 404 45 40 23 22 38 26 41 14 35 126 674 20L4 85 52 15 15 40 26 1 8 224 714 404 35 50 43 46 57 31 2914 42 3114 5 22 18 31 30 118 31 75 26 25 2 684 214 17 21 3 64 26 67 36 s 61 42 4 67 23 38 28 H 10 35 29 69 8 76 13 1 71 36 10 42 47 53 40 244 23 40 27 42 14 364 128 68 20 874 54 15 154 41 27 1 8 23 73 41 37 5014 45 46 58 32 30 42 32 6 23 18 31 31 119 32 s 27 26 2 69 21 17 21 34 64 274 68 36 64 434 44 63 294 40 28 PhilipPet Polaroid a Prtnwrica s ProctGamb PubS NwMx Sabine SFeSouPac SherwinWm Singer Co Southern Co Southland SwstBell s SunComp TNP Ent Tandy Templlnld s Tenneco vjTexaco TexAmBneh TeaEastn Teaaslnd Tesaslnst s Tex Util Textron s Tyler USX Corp UnCarbde UnPacCp US West UniTel Unocal WalMarts WestghEl Xerox Cp ZenithE 11 22 27V4 S3 23 12 50 34 23 37 21 584 38 49 194 364 39 41 30 5 21 27 46 28 204 10 25 20 49 50 25 264 25 46 51 12 11 21 25 80 22 12 474 33 22 324 21 56 36 19 344 38 39 294 5 204 27 444 27 19 10 244 19 48 49 24 25 24 434 504 12 11 21 27 83 23 12 50 34 23 36 21 56 37 49 194 36 39 41 29 5 214 27 454 28 19 10 25 19 48 50 25 264 254 46 51 12 Reagan comments based on before the crash data Market up despite Hong Tokyo drop NEW YORK AP The stock market moved higher in heavy tradjng today despite lower prices in Tokyo and Hong Kong and another fall in the The Dow Jones industrial average was up about 57 points to about The average edged up Wed nesday after swinging erratically throughout the Seven stocks rose in price for every three that fell on the New York Stock prices rose slightly on the Undon Stock where the main market index was up Analysts said British trading was aided by the higher prices on Wall In Tokyo earlier prices closed with a key market indicator finishing down Prices also closed lower today in Hong where one closely watched index was down 7 percent in moderate Analysts in Tokyo blamed the decline in that countrys exchange in part on a weakening which fell again against the Japanese The which opened in Tokyo today at fell as low as yen in afternoon trading before closing at yen its lowest closing level since modem exchange rate figures were set in the late The final figure was significantly below the dollars Wednesday close of In New York the dollar eased to 138 compared to yen late Analysts said they were surprised that Wall Street opened so strongly but said the market may have gotten some encouragement from signs of stability that emerged during Wednesdays The markets strength in the face of the overseas losses and the dollars weakness was a positive said Jack head of block trading at Shearson Lehman Brothers Were pretty he A lot of people arent going to rush back to stocks of smaller Baker Those which comprise what is known as the secondary remained lower even while blue chip stocks rose following the markets 19 Although there was more panic stock selling in New York Wed each wave puts less pressure on the said Michael an analyst with Op penheimer That could be a sign of a tur or at least a welcome measure of some Alan a managing director at Smith Harris Upham said the Dow averages recovery in the last 30 minutes evidenced the markets resiliency in spite of the turmoil that began with the 19 collapse that erased billion from the value of But analysts were still This is a very treacherous said Alfred a vice president at Edwards Sons in Two stocks fell for every one that advanced the market value of American as measured by Wilshire fell or to trillion after On stocks picked up about while the Dow average rose Volume came to 279 million shares in another abbreviated session on the New York Markets have been closing two hours early to allow people to catch up on and will continue to have shortened hours through In early New York dealings the dollar hovered around Wed nesdays lows against the British pound and the West German Stephen a trader at Manufacturers Hanover Trust predicted activity would be choppy and marked by con siderable dollar buying because of technical Reasoner full of baloney EL Texas AP CBS newsman Harry Reasoner knew he was dishing out a big load of baloney when he called the University of TexasEl Paso one of the most distinguished in the but it was all in speaking Tuesday in a national radio said he was testing the schools Emergency Baloneygram System by feeding his listeners a big bunch of baloney unsandwiched by TexasEl Paso officials cooked up the tongueincheek Baloneygram idea last week to clear up miscon ceptions about the The school bites back at disseminators of incorrect information by ordering a Baloneygram to clear up the Reasoner seemed to want a Baloneygram in the wurst way Tuesday when he served a tall stack of baloney on CBS The ivyandcactuscovered campus of the University of Texas at El Paso is home to one of Americas foremost and most respected academic Reasoner UTEPs stringent admission policies rank second only to Har The distinguished UTEP faculty has hired twice as many Nobel prize winners as MIT and Cal Tech And at the UTEP physed the only scholar athletes who didnt win Rhodes scholarships last year made do with The campus is not School officials said Reasoners comments didnt give them any WASHINGTON smco last market Irisuknt repeatedly the niUon there are do ilftennratJntf a view private economists fall accurate Uil i bit It is as the president con lhit the economy been at a robust pace so far this driving the unemployment rate to an eightyear low and with in moderating after a temporary spurt cnusod by rising oil After two years of depressed conditions caused by the huge foreign trade the nations manufacturers are boom times as the devaluation of the dollar foreign currencies has made I S products rompvUtive once again M overseas markets While these statistics cited by the president are economists xi they are also before the a record downturn that leen so severe and so sudden that have been left groping for rtavs its impact on the luture The drop in stock prices in the past das from their highs in August wiped out nearly trillion in Analysts say that f loss is bound to have an im iii consumers confidence and pact their willingness to continue spen ding know Kconomists just dont how great the impact will be Follow ing is a capsule look at important economic how have performed so far this year and estimates if what will happen following the stock crash It is the biggest force driving the accounting for fully two thirds of the gross national the total output of the nations goods and Consumer spending was rising at an annual rate of percent from July through Sep the strongest increase in a Analysts already had been forecasting slower growth for future quarters because of an expected weakness in auto But the stock market decline now threatens retailers important Christmas A key figure to analysts will be the car sales report for the last 10 days in the first period following the If auto sales take a steep nosedive in the figures to be released Wed analysts Watch out HUSINESS SPENDING While business investment is a much smaller component uf the overall it is considered a key barometer of industry sentiment and optimism about future sales and plans to expand production and hire new It shot up at an annual rate of percent in the just completed third the shar pest increase in almost four The key question Will businesses scale back expansion plans now because of fears that consumer spending is going to weaken HOUSING It has been falling all year under the impact of higher mortgage high apartment vacancy rates and the new tax which removed many incentives for investing in real Analysts dont expect much of an upturn here even though they believe mortgage rates are headed Unem ployment in September fell to the first time this decade it has been below 6 But economists are now predicting it will begin rising again because of the weak economic growth they are Through Sep inflation has been rising at an annual rate of While there had been fears that rising energy prices could send consumer prices racing ahead at much higher economists now believe those worries were INTEREST One of the few bright spots in the poststock collapse The Federal which had been tightening credit because of inflation lias been aggressively easing since NC V the crash to insure that the sudden loss of wealth didnt weaken the American banking This infusion of new money is expected to push a variety of interest in cluding mortgage lower in months reversing some of the hefty increases seen earlier in the BUDGET The budget deficit fell by 33 percent in the fiscal year which ended declining to While Wall Street has forced the Reagan administration and Congress to get serious about making further deficit analysts are not Despite what happens in the many of them see the red ink rising to around billion in the current budget SKATE CENTER SEGUIN OPEN FRI NITE 7 30 10 30 BIDG SAT NITfS FOH FRlVAIt PAHHfrb f rt SKATINGl RENTAL 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