New Braunfels Herald Zeitung, November 1, 1987, Page 8

Publication: New Braunfels Herald Zeitung November 1, 1987

New Braunfels Herald Zeitung (Newspaper) - November 1, 1987, New Braunfels, Texas Commerce & Industry Page SA Herald-Zeitung New Braunfels Texas Sunday November 1.1987 Ride well with Sleep Well Sleep Well Furniture now includes an automotive service center and General Tire outlet. The 24 000-square-foot furniture and service facility at 90 West San Antonio is a joint* ownership operation with partners Jim and Virginia O Brien and John Stockton staffing the furniture side of the business, while D L (Dave) Ott operates the automotive center Mechanics are Cody David and Pete Dta; Dave s wife Mmda also works at the business The entire staff poses here at the (me f de ar cation between sofas and General tires a nj Monroe shock absorbers (Photo by rn Webre) Wood grain reindeer It s a downhill run to Christmas and while Thanksgiving is still weeks away. The Wild Goose shop at 265 East San Antonio keeps these plywood reindeer ornaments on display much of the time This year sees an abundance of the sanded and unfinished yard or household decora* bons ready for you to add you special touch (Photo by Jim Webre) Southland places sellout on hold pending market activity DALLAS (AP The volatile stock market has left Southland Corp unable to place a ll 5 billion debt issue needed to complete the Run ding Thompson family s $4 9 billion leveraged buyout of the Dallas based parent of the 7 Eleven convenience store chain, officials said It is unclear whether the Thump sons can proceed without sale of the notes, needed to purchase 15 8 million Southland shares not held by the family and its affiliates Dermis Telzrou an analyst at Hp pier, Guerin & Turner Inc in Dallas. said Friday that there is speculation that the deal could be completed through the use of standby bank credit until the bond market stabilizes “Maybe they can pull it off doing that," he said, but Southland spokeswoman Cecilia S Norwood would not confirm the existence of such banking relationships Recent Wall Street volatility and an uncertain market for debt sales — particularly high risk. high yield “Junk bonds” to be used in the tran sac tion    have brought the market for such instruments to a virtual halt analysts said Southland has scheduled a shareholder meeting Thursday to ap prove the buyout a foregone con elusion since the Thompson group already controls WI I million of the 48 9 million shares southland had outstanding as of < K l 9 Financial Focus Black Monday—another drop on the roller coaster By EDWARD D. JONES & CO 1000 N Walnut Warren Buffet one of the most respected investors in the word to day once described the stock market as “someone who attended a cocktail parts and was always drunk either drunk with optimism as in August when the market experienced Us big gest advance in history or drunk with pessimism as during this past week The wisdom of Buffet's analogy was never more clear than it is to day During the past wts*k many have claimed to understand the factors contributing to the market s un preeedented volatility Some have blamed interest rates which inched up during the week prior to Black Monday some program trading a phenomenon that although the Sts unties and Fxchange Commis sion has vow et! to study no one truly vet understands and others the situation in the Middle Fast While vou have certamlv seen or heard these and other theories defended in the news media the truth is it will tie weeks before the events are unraveled and the contributing factor or factors accurately ideo tilled John Bachmann managing pnn Cl pa I of a major New York Stock F\ change member firm believes however that due to a strong economy as well as the fact that con Unued growth albeit moderate is ex pevted in 1988 and. wages raw materials anti plant capacity show little sign of causing a return to high inflationary times we are still in a bull market hurt her more he sug gests that (Jct 28‘s drop was a cor rev tion that has been expected Historically corrections of 3 per cent or Jo jw*rcent in the middle of a bull market are not uncommon anti this bull had char gist ahead for five years with no corrections above the lo j**n em drop in 19K4 Naturally no one expected the record one day dev line but sharp declines are more tin* rule of thumb in bull markets than in t**ar markets which ex pone nee slow steady drops over long periods What are the implications for in dividual investors ’ Those who follow the time tested rule of diversifying their portfolios selecting quality in vestments that meet their objectives and taking a long term approach will survive the current correction Furthermore many will tienefit from it bv bolding onto quality in vestments and cautiously taking ad vantage of the opportunity to pur chase securities in se Un-1 areas at favorable prices In addition income oriented investors who take advantage of the particularly attritive rate* that have resulted also will tie net it I nfortunately many people freeze or even worse panic and sell their securities when the roller coaster that is our stock market takes a stomav h churning plunge Baul Harvey however cautions It has its ups and downs but Ila* ones who usually get hurt are Uh* ones who try to get off twfore Uh* ride is over Business Briefs Chambers of commerce favor recreation district The (Irealer New Braunfels and th* ( any on I .ike chambers of nom men e have r* teased .» joint state merit urging voters to vote Tuesday in favor of v [eating a » amal r ounty water oriented recreation district In format tor t? >m u»e chandlers slob*' that tin district st created will generate new dollars for inereus eil law enforcement arni emergent > setv ices in tie* <*tmlv Chamber members state that the district is the best way available for ( atrial i aunt ans 'o address the pro birrus and apport urn lr** of a growing r*s re,it lor ai industry Tourist business locally in top IO percent of state univ is j.'rsd among the I counties in visitor I ex as I repaid merit of Conimene* report stales Tourist to this county sjH i,* s v million in I Comal < aunty vc as * th in the state in regard to tourist revenue ii! !hk - Home buiidmq up locally last month downfor 1967 Although the nullifier of budding permits issued rn Comal t aunty af* down bv mote than J’ percent th* nullifier of permits issued for single t ama state s rev enu* family homes was up i** percent (rom last "september to this September economic indicators from the (treater New Braunfels t handier of Commerce sfniw Hie number of permits issue*} this year compared to las! year s figure refits is more than a lo jwri ent drop Long John Silver builds New Braunfels shop \ latng John ''liver s seafood shoppe will open in mid November in New Br aludels ave or ting la tam panv of (ii tab Construe lion is under w av or; the restaurant at 161 IM ti. W ! hr restaurant features a new building tesigh being used tor ai, new King John silvers with a Urger more versatile cooking area arni a rev amped counter ny stem that im proves serv ic e spe**d "Hu* lest aor ant will have a HK seat dining morn and a drive thru window I Im* seafood restaurant company ta .idquartered in lesmgtoil Ken has 3* restaurants sn the ''an \ rd mao area and JUu restaurant* in Texas Lawrence Multo/ who is now manager of Uh* Ming John silver s in Sari Marcos will transfer to New Br aludels to tliatiage th* new lux a (ion Ile has tieen with Dmg John Silver ^ lo years Assistant managers will tie Jun iMtwnev former avsisunt manager in Kerr vide and Ken Coigne* who formerly worked at the San A!arvos Us a!ton About Cl full and part time employees wtil staff the restaurant The New Braunfels us wtion is one if I 4»«i Umg John "silver s in the country lamg John Stiver s is a sub sidiary of Jerrtco Inc Penn Foods, Herald hold cholestrol screening More U .ar i ac percent of Amene ans have bidi st cholesterol levels high enough lo fw at risk of heart disease And most dun ! know it Nov Ai 21 and 22 Pm, P ••■is and Tile New Braunfels Herald bedung w d! sjH*y*nr til ta id chillest rx»i sc rem mg at Penn Food* from sam to * p rn AtHHit ♦ Um a rev. jenls are rvjw*v ted *.» take advantage of the screening which will test the ( farteMerui levels in blew*! See BHH * A P««« «A We’re Talking Money In Your Pocket. The Thompsons in August acquirer! ti 5 million Southland shares pur chased at $77 apiece through a tender offer The company s stock dosed at ri8*» Friday up I , Southland previously said it had hoped to price the tlefit issue l»y Ha* end of this week but Ms Norwood said that wasn't possible $250/000 Term Life Insurance Male Age 40-125.29 per mo. L. Car I Fox 625-4833 THANK TOU, HEW BRAUNFELS Our first 3 months of business have been a success We appreciate your positive response to the services we otter1 Texas Postal Services Your Packing Professional Your Complete Mailing Center JUST UKC A POSTOFFICE, BUT MORE! ues-federal exfress-emery • U.S.MAIL* WES TERM UMIOH-HOTARr We Will Pack It For Vou Or Bring It In Ready To Go | • Postal Stamps*Gopier*Busmess Cards    I I    •Packing Materials*Boxes*Greetmg Cards    I J •Business A Private Mail Boxes with Free Call In Services I Courtyard MF 9 6 620 5846 Shopping S-10-1 Tax-Free! FIRSTTRUST 807* 12.04* Of INXI HTD MI NR ll‘\l BONIN federally Tax-free High ( urrent Yields Minimum Investment I VV IHM I A X AHII li,»t IV AM M I I ex, km, lr 11 “AAA Mating Insurant e Hrolet lion sj>< iiivif**d tiV iii,, itll, drnritf banking lion Ut C3 ti AMON Bkt IWS K Assot IAMS IN! I'l-rfttnnjnt ,* bat ktnl b\ kiltie Hiiu K nib be Financial Group. Inc. 755 Loop 337 Suite I) New Braunfels. Tx. 78130 (512) 625-5208 ■mil I. J«mi Vl«« hfiUMt •«rr«ll SaUkargar lav attal aal Br ak ar MTm* (i/tretM 'n,.., ttpitil    .    ,    ,    uM    nptnm    dmdaw in oh puht* itMeimg IMH* it ut IO /•« ’ ll tit'*■, * sh , hut    n    ,-Hwi    amount IIMtmut wit In tuhftrt I I, i .l/ir 4,Hi Uh 41l4tr> IIH- CAA (4l>ng ir*uMt Irum tn»„r4rta r tm ttw unUr*t%'<)f in llw ft us! Wlulf IIH* mtui intr jluMtttlrrt (Hi ,tn^4 p,,nt4«ii iii pt,m ,|i/l tntJ ittl/iril oil Her ImukIs ll tUtr-t turf |juti«nliw Hit m,tkrt ./lur WI IST l<u»l uwtl. i*1h. h Mill Hut lutlf «»ilh 1 It40gr» in mn , ,*l u iihMiow.    ,    ,    ,    ,    . 9.23% >+■ .-'OM •« 4 * » a 6 « » ti a im»m n ta* 1 a aa • inmmi* it aa ar 8.40% **»lit I tit I 41 IHM '•tit* • ■ „». i, atta 8.35% *4, » (tm ’ t • ■    ■    i    it* »1 l«t IIH* *. 10.00% •*w# M I .IIM t*, iMtl • a • I fileral regulation* require fcwBxlentiel literati penally tor ear anisal aal SKK KS Bt INDA ML ll At FUNDS INSUKANl i ANNUS! I US Stall Cunnlft«ham 1000 N. Walnut Suite f Maw Braunfels, Tx. 711)0 121-0055 SS Edward D. Joliet & Co. ;

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Publication: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Issue Date: November 1, 1987

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