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New Braunfels Herald-Zeitung (Newspaper) - November 1, 1987, New Braunfels, Texas Industry PageSA New Texas November Ride well with Sleep Well Sleep Well Furniture now includes an automotive service center and General Tire The furniture and service facility at 90 West San Antonio is a joint ownership operation with partners Jim and Virginia OBrien and John Stockton staffing the furniture side of the while Dave Ott operates the automotive Mechanics are Cody David and Pete Daves wife Minda also works at the The entire staff poses here at the line of demar cation between sofas and General tires and Monroe shock Photo by Jim Webre Wood grain reindeer Its a downhill run to and while Thanksgiving is still weeks The Wild Goose shop at 265 East San Antonio keeps these plywood reindeer ornaments on display much of the This year sees an abundance of the sanded and unfinished yard or household decora tions ready for you to add you special Photo by Jim Webre Southland places sellout on hold pending market activity DALLAS AP The volatile stock market has left Southland unable to place a billion debt issue needed to complete the foun ding Thompson familys billion leveraged buyout of the Dallasbased parent of the 7Eleven convenience store officials It is unclear whether the Thomp sons can proceed without sale of the needed to purchase million Southland shares not held by the family and its Dennis an analyst at Ep Guerin Turner in said Friday that there is speculation that the deal could be completed through the use of standby bank credit until the bond market Maybe they can pull it off doing he but Southland spokeswoman Cecilia Norwood would not confirm the existence of such banking Recent Wall Street volatility and an uncertain market for debt sales particularly high yield junk bonds to be used in the tran saction have brought the market for such instruments to a virtual analysts Southland has scheduled a shareholder meeting Thursday to ap prove the buyout a foregone con clusion since the Thompson group already controls million of the million shares Southland had outstanding as of The Thompsons in August acquired million Southland pur chased at apiece through a tender The companys stock closed at 584 up 1 Southland previously said it had hoped to price the debt issue by the end of this but Norwood said that wasnt THANK HEW BRAUNFELS Our first 3 months of business have been a success We appreciate your positive response to the services we offer Texas Postal Services Your Packing Professional Your Complete Mailing Cenh rer JUSTUKEti POST Off BUTMOHE EXFHESSEMEHY I Term Life Insurance Male Age per U Ctrl Fox We Will Pack It For You Or Bring It In Ready To Go tPostal Cards tPacking Cards Private Mail Boxes with Free Call In Services Courtyard 620 5846 M KB 6 S 10 1 Financial Focus Black drop on the roller coaster By EDWARD JONES 1000 Walnut Warren one of the most respected investors In the word to once described the stock market as someone who attended a cocktail party and was always drunk either drunk with optimism as in August when the market experienced its big gest advance in history or drunk with pessimism as during this past The wisdom of Buffets analogy was never more clear than it is to During the past many have claimed to understand the factors contributing to the markets un precedented Some have blamed interest which inched up during the week prior to Black Monday program a phenomenon although the Securities and Exchange Commis sion has vowed to no one truly yet understands and the situation in the Middle While you have certainly seen or heard these and other theories defended in the news the truth it will be weeks before the events are unraveled and the contributing factor or factors accurately iden John managing prin cipal of a major New York Stock Ex change member that due to a strong as well as the fact that con tinued albeit is ex pected in raw materials and plant capacity show little sign of causing a return to high Inflationary we are still In a bull he sug gests that 2tis drop was a cor rection that has been corrections of 3 per cent or 20 percent in the middle of a bull market are not and this bull had charged ahead for five years with no corrections above the 10 percent drop in no one expected the record oneday but sharp declines are more the rule of thumb in bull markets than in bear which ex perience steady drops over long What are the Implications for In dividual investors Those who follow the timetested rule of diversifying their selecting quality in vestments that meet their objectives and taking a longterm approach will survive the current many will benefit from It by holding onto quality In vestments and cautiously taking ad vantage of the opportunity to pur chase securities in select areas at favorable In incomeoriented Investors who take advantage of the particularly attrac tive rates that have resulted also will many people or even panic and sell their securities when the roller coaster that is our stock market takes a stomachchurning Paul It has its ups and but the ones who usually get hurt are the ones who try to get off before the ride is over Business Briefs Chambers of commerce favor recreation district The Greater New Braunfels and the Canyon Lake chambers of com merce have released a joint state ment urging voters tu vote Tuesday in favor of ireaiing a Comal County water oriented recreation district Information from the chambers states that the if will generate new dollars or increas ed law enforcement and emergency services in the county Chamber members state that the district is the best way available or Comal Countians to address the pro bletns and opporUmites of a growing recreational Tourist business locally in top 10 percent of state Comal Counts is 22nd among the Slates 2i4 counties in visitor a Texas Department of Commerce report states Tourist to this county spent SHtl million in UW6 Coma County was uth in the state in regard to tourist revenue in Home building up locally last down for 1987 Although the number of building permits issued in Comal County are down by more than 23 the number of permits issued for single family homes was up 250 percent from last September to this economic indicators from the Greater New Braunfels Chamber of Commerce show The number of permits Issued this year compared to last years figure reflects more than a 10 percent drop Long John Silver builds New Braunfels shop A Ixmg John Silvers Seafood Shoppe will open in midNovember In New according lo com pany officials Construction ts under way on the restaurant at 161 IH115 W The restaurant features a new building design being used for all new Ujng John Silvers with a more versatile cooking area and a revamped counter system that tin proves senice The restaurant will have a 88seat dining room and a drive thru window The seafood restaurant headquartered in Ken has 2o restaurants in the San Antonio area and 200 restaurants in Lawrence who is now manager of the Ixing John Silvers in San will transfer to New Braunfels to manage the new loca lion He has been with John Silvers lo years Assistant managers will be Jon former assistant manager In Kerr and Ken who formerly worked at the San Marcos location About 35 full and parttime employees will staff the restaurant The New Braunfels location is one of Ixmg John Slivers In the country Long John Silvers is a sub sidiary of Inc Penn Herald hold cholestrol screening More than 30 percent of Americans have blood cholesterol levels high enough lo be at risk of heart disease And most dont know it Nov and Penn Foods and The New Braunfels Herald Zeitung will sponsor blood cholestrol screen ing at Penn Foods from 9am to 8 p in About local residents are expected to take advantage o the screening which will test the cholesterol levels in blood Page tA Were Talking Money In Your TaxFree FIRST TRUST OF INSURED MUNICIPAL BONDS TAXFKtt TAXABLE EQUIVALENT 13 bracket I tJ Federally TaxFree High Current Yields i Minimum Investment a AAA Rating u Insurance Protection ti bunking luni til CLAYTON BROWN hjt kfit Hun Knibbe Financial 755 Loop 337 Suite D New 78130 Hrrtii ififctrf tr inn lunciii lelurn thf estimated net annual income leu annual public offering price as of 102687 It with ihangei in either amount Income be lubieiMo state and local law I he rating rnulit Horn miurance on the underlying oona in the Iiust While the insurance prompt pamem ol principal and mterevt on the bonds it does not guarantee the market value ol the Iust units which mil tluctuaie with chanms m market conditions Ul 01 11 MO HM HMtio in lift AM MivMtt 1 require substantial interest penalty lor early BONDS MUTUAL INSURANCE ANNUNmiS Stan Cunnlnf htm 1000 Walnut Suite F New 71190 S3 Edward Jones
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