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New Braunfels Herald Zeitung (Newspaper) - May 24, 1987, New Braunfels, Texas Commerce & Industry Page 8A Herald Zeituoq New Braunfels. Texas Sunday May ?4 1P8^Mill Street’s new hours Financial Focus Financial news — how to find it By E D JONES 8. CO 1000 N Walnut Suite F Richelle Kreider, standing left, and tier mother Jewell Kreider, right, welcome Sarnmi Lee seated left, and Marion Benson to Mill Street Mercantile during the grand opening of the restaurant's new dinner hours. The Mer canille. 3r)3 E Mill, also has a new deck, which was also seen by Greater New Braunfels Area Chamber of Commerce Blue ( eats (Photo by Frances Bridges) Lewis joins ERA Schoolcraft Realty Luke Speckman, managing broker of KHA Schoolcraft Realty, announces the association of Frances Lewis with his firm "Frances has historically been one of the top producing realtors in the New Braunfels market, and we are very proud to have her join our firm." Speckman said Lewis has been a real estate agent for eight years She is active in many civie organizations, including the Mid-Tex as Symphony. New Braunfels Art League. Chamber of Commerce, treasurer of New Braunfels Board of Realtors, and on the board of trustees of the First I'nited Methodist Church ‘‘Frances has a loyal following of previous clients who believe she could seel the moon, if only she find someone to sign the listing," Sparkman said 'She is hard working Knowledgeable, and gives that extra personal touch that makes dealing w itll her a pleasure " I ain so pleased to he associated with such a fast growing company as FRA.' Lewis said "Their 26 yea! history of service along with their high business ideals are very attractive to me as well as my clients I feel that the extra benefits and services available through the KRA system is a real advantage for my clients, especially the Seller Security Plan if we don't sell your home, we ll buy it " Editor’s note This is the second in a series of four articles. The daily newspaper is one of your finest sources for financial informa lion Its generally accurate and delivered promptly so information is current enough to he of value A daily newspaper offering a financial sec lion usually includes a composite daily market report which lists the trading activity on the major securities markets for the previous business day. Additionally, it in eludes business news and commentary on one or more of the major in dustry groups Two such groups which receive regular coverage in newspapers are the auto and energy industries These are not the only important Industries, hut because they do affect almost everyone, they play an impor tant role in our economy Other ma jor industries w hich either directly or indirectly touch most of us are home building, steel, electric power, hank mg and financial, to name just a few these industries and more are covered on the financial page of your daily newspaper News on individual corporations is also of general importance Here you find information on specific com panics that could affect your investment or help you decide to buy or sell Assume you own shares of Willie Widget Corporation Each morning. you watch the progress of your in vestment and today when you check stocks trading on the New york Stock Exchange, you see your stock closed up three points yesterday with heavy volume at 50.(KH) shares Since you watch the stink daily, you know a normal trading day may see billie Widget stock fluctuate a point on an average exchange of about 20,(MMI shares Why this dramatic move on increased volume ’ T he answer could he on the financial page large public relations departments whoso purpose is to dispense com pony news and developments to the news media Yon find this informa Hon on the financial page The good news might he Willie has announced a merger or takeover or it could Im* the company is introducing a new product, announcing a new president, settling a dispute ex periencing increased earnings, giv i n g a higher d I v I d en d t o shareholders experiencing a stock spilt or any number of good items which would prompt investors to view Willie Widget Corporation as a more attractive Investment than before If it s of major importance it will probably he found on the finan elal page The financial section also usually features financial writers tiles.* writers fall into two categories The first, as with this column, is a generic or informational approach *o in vesting Its aimed at investors who wants to learn tho fundamentals of investing The opposite is also true Bad news for Willie Widget could bring the stock down The company may lie forced to recall a product, employees could enter into what could prove to tie a long and costly strike, a major competitor could introduce a product adversely affecting Willie Widget s sales, and so on Based on its im portance, you might further in vestigate this news or decide to sell now because of the uncertainty of these new developments Another category of financial writer is the analyst or economist His or her remarks are directed at current economic conditions or situa tams Here, contrary to tile Informa tion journalist the writer coneen trates on an opinion The conclusions may or may not Ire valid As you read more you find even th*1 most respecter! economist differ in the analysis of both causes and solutions Those writers interpret economic conditions for laymen and in most cases, offer remedies A good analyst observes past trends, how they develop, and suggests possible future prospects If your city is home for a major corporation's plant or home office. it s likely you have an abundance of information on this company Its good public relations for them to of fer information to the newspaper lf they have good news, they want to tell about it lf they have had news they generally want to give their side of it Major corpoiations maintain Remember most serious investing is done with an eve toward the future so the more information you assetn hie the better informed your invest merit decisions will tie Most Brian etal editorials are directed toward a mote sophisticated investor who understands and accepts it as opt niort The writ**! may have a pre judiced opinion because of a liberal or conservative philosophy t'ndorst anding this is important since it may reflect in tho analysis and ultimately in your investment decision Texas Business Today Quit or discharge critical By MARY SCOTT NABERS Commissioner Frances Lewis Business Briefs Copa de Vino new restaurant ty filed May 20 w ith the Public I'tility Commission for a 12'.* percent average systemw ide increase in elec trie rates Carmen Morales announces the grand opening for Copa de Vino restaurant at 1724 Hunter Road urn the winery property* on Thursday from v:ut to 6: to p m Greater New Braunfels Area Chamber of Commerce Blue Coats (Bulldog learnt will be on hand for the ribbon cutting ceremony at 6 p rn Refreshments will be served Airman of the Year The proposed rate increase the first LCRA rate request to be con sidered by PCC in more than two years is to help pay for debt costs associated with the construction of a third generating unit at the Fayette Power Project near La Grange Fayette it is scheduled to go into commercial operation in May 19HK LCRA expects the rate request, which would raise LCRA's annual electric revenues by $25 I million, to become effective in December Greater New Braunfels Area Chamber of Commerce will hold a reception to honor the Airman of the Year on May 29 at 5:15 pm at Honors Hall LCRA General Manager S David Freeman said that even with tin* increase. LCRA's wholesale electric rates will continue to tie lower titan they were four years ago Blue Coats Tiger team is invited to attend. Loews Theatres leasing land at Norwood Park theatre will be located at Norwood Park Plaza, a 425.000 square foot regional retail center that is the first phase of development of Norwood Park in Austin Norwood Park is a loo acre master planned land development located at the northest corner of Interstate 25 and I S IHI T he project features a regional retail center Norwood Park Plaza1 a community retail center, a suite hotel, a convention hotel, six office buddings, nine restaurants and an athletic facility Norwood Park offers an internal road system with three lakes, fountains and a water fall, a 75 foot cut stone and brick clocktower, a 500-seat amphitheater, decks over the lakes, a stone bridge Norwood Park is tieing developed by Austin-based Norwood Properties and United Financial Corporation of Houston Construction on the $40 million land Dear Commissioner Nabers: An employee of ours went on vacation last week Before she left, she told me and another manager that when she returned, she would give noticeof quitting Based upon what she had told us. we replaced her She is retur mug tins next week Where do we as the employer stand? We know we need documentation, so we will pro bably ask her to sign a resignation letter Concerned Austin, Texas Dear Concerned There were some pitfalls in your situation Whether the T KC decides that the work separa tion was voluntary or involuntary will depend entirely upon what the employee said about her intention to leave lf she actually said she would leave by a certain date, the TEC will probably rule that her leaving was voluntary However if she gave no date for quitting, hut only said she might quit at some unspecified point in the future the TEC might decide that the work separation occurred in voluntarily when the employer replaced the claimant during her consider that to Im* a constructive discharge, instead of a voluntary quit lf the employee volunteers to wi de a letter of resignation, then the reverse would hold true in general, the employer should be sure of itself before proceeding upon what may be only a vague statement that a future resignation is possible Dear Commissioner Sabers This morning one of our data entry clerks was arrested at work on a warrant for writing too many insufficient checks She had known about the checks bouncing, hut had not taken care of them She has now missed a day of work and we don’t think we should keep her as an employee Where do wh stand if we discharge her1' Bank personnel manager Midland. T exas Dear Hank: If the employee files a claim for unemployment t>enefits, the TKC will investigate why she was discharged Among other tilings, it will want to know whether the bank has a written polio) against employees writing had checks However, this case would he somewhat more straightforward, since this involves an arrest at the work place on criminal charge In cases in which a claimant was discharged for disruption of the work place or absence resulting from ai arrest on criminal charges, the T KC then inquires whether the claimant was at fault in the arrest Fault car he shown by such things as a conv ic tion for the offense, a guilty or no con test plea. a senlence of deferred ad judication, or a simple admission to the TEC that the charge was true lf the claimant was at fault in the arrest and the arrest caused un absence or disrupt lot* generally the TKC will disqualify the claimant from benefits, and the employer's account w ill not t>e charged Saber s r e p r e s e n t s 336.0(I 0 employers throughout Texas It you have an) questions you want answered, univ her at HH Texas employment ('ommission Building, loth and Congress. Austin. Texas TH T TH I I See BRIEFS, PaqeVA vacation Another problem could arise with the resignation letter If it appears that you are demanding a resigna tion, then the TEC could most likely i i qua «l§» mmm tm rn Ifs not LORA files for increase The Lower Colorado River Author! Loews Theatres, the nation’s oldest and most prestigious theatre circuit, has entered into a lease agreement for a 52,OOO-square foot theatre The ycoff T*V*A *v;v;V;<f James Grein Company proudly Announce* the graduation of Catherine M. Grein. Catherine graduated Summa Cum Laude from Southwest Texas State University. May 16. 1987 with a BBA degree, majoring in Accounting James Grein Company has been serving the New Braunfels area since 1974 and Catherine has been with the company for nine years James Grein Company is located at 652 S Seguin ESS Edward D. Jones & Co.® Members New York Stock Exchange, Inc. Members Securities Investor Protection Corporation' STAN A. CUNNINGHAM Ltd Partner Ladies Only Investment Seminar June 3, 3:30 p.m. NBNB North Bus.: (512V 629-0055 Contest: “Wall” 1000 N. Walnut Suite F New Braunfels. TX 78130 I I I I I I & < to V I I I I I how much you spend, ifs how much you save. 8 WEDDINGS? CLUB NOTES? Call WANDA LASATER; Lifestyles Editor at 625-9145. Your daily hometown newspaper is the m OM B MSB iji LOW COST TERM LIFE INSURANCE ANNUAL RA TES- MALE, NON SMOKERS Always the best — Rates/ Companies and Service lacy Hiomosaa, Cill I 673 0066 Call tor Free Computer printouts Age $100,000 $290,000 $500,000 40 1152* $298 $545 41 $172* $348 IMI SO 120$ $430 MIO •s $27$ $•00 $1,150 so $3$3 $•75 $1,700 ES $•43 •1,525 $3,000 ‘ 1200 Minimum Premium requires larger coverage PH Intert»t on Single Premium Whole LHO, 9.25 Intereot on IRAt Alto available Group Insurance Plena 2-00 Employees Present this od and receive a 10% discount off our normal inexpensive parts and labor prices. 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