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New Braunfels Herald Zeitung Newspaper Archive: December 1, 1987 - Page 3

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Publication: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

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   New Braunfels Herald-Zeitung (Newspaper) - December 1, 1987, New Braunfels, Texas                                New Texas December Page 3 Crossword Auto theft is states fastest growing crime ACROSS 1 Amerinds 5 Tenth 9 Revolutionist 14 Nursemaid 15 Black 16 Foil 17 Wisdom 18 Dry wine 19 River to Ihe Seine 20 Tire part 22 Musicals 24 Dog 26 Scrape away 27 Topknot 29 Small island 30 Statement 33 Work dodger 37 Languish 38 Hot places 39 Seed holder 40 Game locale 4 1 Drawnout 42 Didnt lorget 44 Finis 45 Healthy Strength 47 Unanimous 49 Eases 53 Circumference 57 Gaucho gear 58 Enshrine 59 Displeased 61 Protection 62 Glossy black 63 All 64 Faction 65 Catkin 66 Short for Nathaniel 67 Lazy Susan DOWN 1 Sallnlzes 2 Venice love 3 Insert mark 4 Building material 5 Bluebook gal 6 Spains longest river 7 Auto style 8 Mediated 9 Cure 10 Gratify 11 Reynolds 12 Writer Best 13 Grounds 21 Churchmen 23 Shrieks kin 25 Outfit 28 Reiteration 30 Row of seats 31 Mrs Shakespeare 32 Globule 33 Jetty 34 Edens earldom 35 Allow to use PREVIOUS PUZZLE SOLVED 36 Gypsy boy 37 Loveliest 40 Lil 42 Pique 43 Thickness unit 45 Stir up 47 Warning 48 Skin 50 Wiser 51 NY city 52 Meat pie 53 Rubber type 54 Cheese 55 Meander 56 Sublease 60 Machine tool Stocks I N r Til iilisi n IWli Max us is Motnl Monsanto tbtar IaiVrl s JC s PluUplVt tolaniiii M PntlHTka N IrxvUiaiiU Pu 1 I Hrxsr IH ul Vnt nnfid Iitrx lln Kxxmi s Kit rstutir 76 tii Mllut i iiiiMnd I I Mat 1 I KM K tnait s Kluxer s 1 iltuti I liv wt Xi ii JM vi Mntff r v u NXjUxrnl 7X southland IM Km Tamlx lilUpllllUI i 1 JIVx aii TvxAmHiwh TrxKasIn Tix I til Textron Tltr t SXCorp twartxltr IS ImlVl Intxal A i to 4 jii 1J t4 47 4i 41 tj 10 41 4 4 64 26 V i LV K2 10 46 By THE ASSOCIATED PRESS The number of vehicles vanishing each day from Texas streets and parking lots has grown nearly 30 per cent in less than two making auto theft the states fastestgrowing authorities The reasons are police say auto theft in Texas is a thirddegree felony carrying a maximum prison sentence of 10 but few auto thieves spend that much time in if they spend any at And to make prosecution even more many auto theft rings pay juveniles to steal That places the cases in the complicated juvenile court system and decreases the likelihood of lengthy Every thief we the courts put them back on the either through probation or early Dallas police investigator Mar tin We pick up juveniles who brag how they make a day stealing Then they laugh in your face because they know nothing will hap pen to Its very Martin An average of 328 cars and trucks vanished each day from Texas streets and parking lots last But during the first 10 months of this Texas Department of Public Safety figures show a per cent increase over the same period in when more than cars were And that was a 20 per cent increase over Officials say a skilled car thief can open a locked car and drive away in less than 20 cars are often taken to Mexico or to the neighborhood chop shops that fuel an illegal parts The value of vehicles stolen statewide last year was nearly The thefts often occurred in cities at crowded shopping A shopping mall is candy land to a said Houston police Glen They know the security is the owners will be away for hours and the cars are Police arent the only ones who are discouraged by the crime that has become their 1 Insurance industry experts said that as the number of thefts go up in so do auto insurance Recovery rates vary from 60 percent to 70 percent in most parts of the but the cars may be stripped by that police say San Antonio has one of the fastest growing auto theft rates in the state In the first 10 months of more than vehicles were stolen in the a percent jump over the same period in In the number of auto thefts in January through October of this year increased percent over the same period in when cars were Only Houston had a decrease in recording thefts during the first 10 months of a per cent drop from the 1986 more than cars disappear from Houston streets each Police credit a crackdown for the decline But the problem isnt only in big Officials said the border towns of the lower Rio Grande Valley have also been plagued with auto thefts In nearly million in were stolen from Hidalgo and Cameron the DPS Insurance companies point to the states economic but police said easy money and a weak judicial system are Ihe culprits To the its a business ot great rewards and few SHI Antonio Police Jimmy Kopeck told the Dallas Morning Galveston insurance heir plans to appeal federal fraud conviction HOUSTON AP Galveston in surance heir Shearn Moody plans to appeal his conviction of defrauding the familys charitable foundation of about SI his attorney we are disappointed with the jurys Moody at torney Marian Rosen said after a federal court jury on Monday con victed Moody of 17 counts of wire and mail On to the 5th Circuit t of Ap she said who showed no emotion as the verdict was later spoke only briefly with reporters outside the federal courthouse I have felt this thing was pro grammed or a long Moody said He did not elaborate Outside the Moody shook hands with codefendant Howell Willis of who was ac quitted on all four charges he faced Im very glad you got out glad on all four i Moody told him ousted earlier Ihis year as Moody Foundation could tx sentenced to up to 85 years in prison and fined million when his punishment is decided District Judge Ross Sterling allowed him to remain free on bond pending The verdict came after 27 hours of deliberations over five Jurors resumed deliberations Mon day morning after Sterling sent them home Wednesday for the Thanksgiv ing Deliberations began 23 after six weeks of Moody was accused of helping channel money from the Moody Foundation to organizations that otherwise would not have gotten grants and then receiving who has been mired in used the money to pay his personal and legal pro secutors alleged Defense attorneys contended Moody was duped by a con William R who is a fugitive in the case In Pabst was con victed of defrauding Atlantic Richfield Corp of in a charity scheme He is believed to be living outside the country who had been charged with helping in the said he said he was not surprised he was acquitted I always felt I would be found not he said 1 wasnt guilty I had an exceptionally good lawyer who brought out the truth Thank goodness for him and the Moody still faces similar charges in a second indictment against him That case has not yet gone to trial the grandson of the late Galveston multimillionaire W L Moody Jr was heir to oneeighth of the income from a family trust In Moody signed over interests in the trust to Empire Life Insurance Co of of which he was president After the company was declared Moody was unable to ex tricate his share oi the trust from Kmpire His appeals were rebuffed by both the Texas and t Supreme Courts At one a private investigator revealed affidavits alleging Moody and Pabst attempted to wiretap the Supreme Court building in Washington in an apparent bid to eavesdrop on justices dollar sufferanxiety attack 47 44 41 i NKW YORK AP Stotks and the dollar arc under siege again because of waning confidence in the I S pledge to cut the budget deficit over inflation and fear that Third World debts could cripple the global economy In a sobering reminder of the historic crash six weeks the dollar tumbled to record lows Mon and stocks skidded wrenching down the Dow Jones in dustrial average by more than 76 The Tokyo slock market reacted with lower prices at the start of trading today but rebounded as a steadier dollar boosted investor con idence After plunging 1J2 points in ear ly the 225issue Nikkei Stock a u5 45pomt loser on Mon day ended up gaming M6 11 points for the day closing at points The propped up by dollarbuying by the Bank of stabilized at the 132 2u3o level after opening at a record low 132 2H down from Mondays close of 132 45 yen British market watchers said the developments in Tokyo encouraged traders on the london Stock Kx but midday prices were still narrowly mixed as continued con cern about the dollar and weakness in the newly issued shares of British Petroleum Co eroded the markets modest early gams The Financial TimesStock change loostock index was up 1 2 at 1581 1 after rising nearly 12 points in the early going The market gained some support from a rise in the dollar following earlier concerted interven tion by the Bank of Kngland and other Kuropean central analysts said Although much less destructive than the SOSpoint plunge on Oct Wall Streets decline Monday was a jolting reminder that world financial markets are awaiting a massive infu sion of especially from Maybe a 508point drop in the market wasnt said Robert chief economist of Nikko Securities International in New York How far does the market have to fall to make people realize we have to make policy changes Still the politicians continue to play politics Like the situation that preceded the October a number of events coalesced Monday to produce an anx iety dominated by concern that Congress will reject a STti billion deficitreduction compromise reach ed last month despite exhaustive wrangling with President hardening his stance on the deficit told business leaders he would insist Congress ap prove the entire Other destabilizing elements in cluded an apparent lack of interna tional coordination to defend the dollars fear of higher interest rates and intensified concern that debtridden Third World countries will act more forcefully to limit or perhaps repudiate repayment obliga tions The impact was felt acutely Mon day on foreign exchange and metals where the dollar slid to record lows against the Japanese West German mark and other key currencies The consequent likelihood of higher inflation drove gold prices above an the highest level in nearly five years At the same investors fleeing from stocks tunneled money into the relative safe haven of the govern ment bond where prices rallied and vields fell US Government Guaranteed Bonds Guaranteed as to principal t interest Insured Certificates 01 Deposil S5 000SIOC 000 11 30 87 Insured Federal Income TdiFree Municipal Bonds Irtt ind KEOGH Retirement Plnns Based on Araled Corp Bonds Federal regulations require a substantial interest penalty lor early withdrawl BONDS MUTUAL INSURANCE ANNUNITIES Stan Cunningham 1000 Walnut Suite F New 78130 6290055 S Edward Jones 20 10 HI Put a little laughter in your read the AMUSEMENTS Page daily in the HeraldZeitun M 4i 48 25 XITDX ZrnilhK 4i 44 i 52 i H TOUCH SOMEBODY S LIFE BE A FOSTER CALL MWU Hi I 111 I W t IA lllj HiK I I It Af Muiiiiijt r AVKKY Miiimyt H r HlniK mid KtiiJall thru HJT ItMiuunl dtluiiy um Mtiit iutiidt Carnal in thrtr su nut tir 6y if iti m n rlut ly Put t matter HtiiJ to llraittr i Texas II Youve Already PaidinFull For The Relief You Need If youve hud back and thought you couldnt afford o see a relax1 At Richardson we accept what your qualifying insurance 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