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View Sample Pages : New Braunfels Herald Zeitung, September 26, 1980

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New Braunfels Herald-Zeitung (Newspaper) - September 26, 1980, New Braunfels, Texas Friday Taylor Communications 25 cants September 54 Pages 3 Sections USPS 377880 Ntw Braunf TMM Fed interest hike could slow recovery WASHINGTON AP The interest rates Americans pay for various types of loans are expected to rise in the wake of the decision by the Federal Reserve Board to hike its key bank lending rate from 10 percent to 11 The action Thursday by the seven member board also raises the likelihood that the nations recovery from the current recession will be Spokesmen for both the housing and auto industries have warned that a new increase in interest rates could cause a premature end to the improvement in sales in those two industries and tip the scales of the nations economy toward recession But the board was apparently more worried that a rapidly expanding supply of money could worsen the nations inflation A statement by the board said the action was part of the continuing policy of the Federal Reserve to discourage excessive growth of the nations money Because most economists believe an excessive growth of the money supply contributes to inflation by putting more money in the hands of consumers and the board obviously felt it had to Higher interest rates discourage and thus slow the growth in the money Interest rates have generally been on the rise in recent and Thur sdays action by the board appeared likely to continue the Several major banks increased their prime lending rate last week to the highest level since although still well below the April peak of 20 Home mortgages also have been edging up in recent The government increased the allowable rates for mortgages backed by the Veterans Administration and the Federal Housing Administration to 13 percent on In home mortgage rates of 14 percent are common and are spreading through the rest of the It was the first time since March that the board has raised the prime discount which is the amount of interest charged on loans from the federal reserve to the nations The last change in the federal discount rate came July when it was lowered from 11 percent to 10 That was during a period when interest rates were generally But with a number of key indicators showing that the current recession is apparently drawing to a the nations money supply has been growing at an exceptionally rapid annual rate of more than 12 well above the boards target for a growth of 7 percent in the current A full percentage point increase in the discount rate is an indication that the board means as changes in the discount rate are usually only a quarter or a half a Wet crowd sees parade By JACQUELINE SMITH Staff writer It takes more than a slight rain storm to dampen spirits at the Comal County Fair The horns in the band kept the pretty girls on the floats kept waving at the and even though it started to most of the by now a mass of umbrellas and rain remained to watch what they had come to the parade started out quite slowly at raidmorning children of all dressed up in all sorts of costumes entered animals of every description in the Pet Lots of silly looking and even a few turtles and goats were seen wandering around wearing dresses and various other it was a close contest between the pets and their owners as to who was dressed up Little Dorothy from the Wizard of and lots of cowboys and clowns were but a few of the costumes the children were It was estimated by the four women registering the animals in the parade that there were close to 150 animals entered in the Pet Not long after the Pet the excitement began to build among the crowd lining San Antonio Street with themselves and their School drill new cars full of both county and city floals witbJote pretty girls on top of Army tanks and even a few street venders selling balloons and food began the procession past Midway through the just as things were going on rain began falling out of the dark thun derclouds hanging And although the pace of their steps may have picked bands continued marching and even though the floats began to look slightly the pretty girls on top continued to Fair goers huddle together in a booth in away from the rain at the County Fair last night Suttphoto by John Sutttr trophies showered on fair winners Judges examined and gave out ribbons and trophies until late last Final winners in the floral division and the livestock division have not been decided since judging was continuing Winners thus far at the 87th Annual Comal County Fair Tricolor ribbon winners in the handwork division are Angelita Campos for crochetting a multi colored bedspread Lynne Nixon for knitting a mauvecolored sweater Terry Monn for embroidered pillowcases and Carole Corder for a piecework yellow and white Tricolor winners in the art division are Hope Hamilton in the adult category Lisa Boss in the junior senior category and Julie Schumann in the childrens Crafts winners are Lupe Vela in the adult category Ross Tieken in junior senior and Annie James in the childrens Best preserved award in the an tiques and heirlooms division went to Margaret Parr for a 15th century Arabic nautical compass and calen Most interesting award went to Dale McCarty for an individual powder belt dated First place winners in the canning and preserving Ball jar category are Teresa Moehrig for pears Berry Allen for green beans Pearlie Moehrig for dill pickles and Imogene Elliott for dewberry The first place winners for Kerr jar are Dougles Feuge for pears Roselyn Fey for tomatoes Leona Sebera for sweet dill pickles and Ella Neff for squash Named best in baking are Carol Kutscher for bread Sybil Bridges for cake Alice Mae Schwab for cookies Carla Shipley for pie and Sandra Self for a decorated Clothing trophy winners are Edna Symaker more than 20yearold group for a fourpiece suit Irene Luehlfing 14to 20yearold group for a threepiece suit and Maureen Dieks 9to 13yearold group for a Other top winners in clothing were Genevieve Nemec more than 20year old group for a dress Roxanne Holy 14to 20yearold group for a dress and Evelyn Friesenhahn 9to 13 yearold group for a Agriculture winners are Melissa Crenwelge for garden crop Roland shelled orchard crop Jerry shelled field crop and Brian home Poultry and rabbit division winners include David Lee Donot for champion torn turkey and champion hen turkey Walter Helmke for champion standard cock Jeff Elder for champion stan dard hen Price and Price Breeders for champion bantam cock Frank Grohmann for champion bantam hen Juan Armendariz for champion game cock and Edward Schmidt for champion game Stella Georg was awarded cock and hen champion meat pigeon awards Joey Jones for cock champion racing pigeon Phyllis Jones for hen champion racing pigeon Stanley Schneider for cock champion fancy pigeon and Susan Schneider for hen champion fancy Rabbit winners are Tim Wenzel for grand champion doe rabbit Stephen Till for reserve grand champion doe rabbit Tammy Fielder for grand champion buck rabbit and James Kanz for reserve grand champion buck Grand champion hay award went to Roy Elbel of Spring Branch for pioneer hybrid sorghum with percent crude Loretta Donat of Floresville is reserve champion with a coastal bermudagrass with percent crude First place winners in the hay classes are sorghum grass Barbara mixed hay Jackie perennial grass coastal bermuda winter annuals Raymond alfalfa and Herman other The names not important By HENRY KRAUSSE Staff writer County Clerk Irene Nuhn knotted her brows and scowled at her There lay the black and yellow sample ballot for the November just arrived from Texas Secretary of State George Strake Whos running with John Anderson for vice president Patrick Lucey I thought Look at she shoving the ballot The names John Anderson and Milton Eisenhower glared sitting in the In dependent Party Eisenhower for vice president I just called the printer in Hart They told everybody from the sidewalk on up has called Thats the way it was certified by the secretary of Nuhn reached for her phone and dialed another Austin Wouldnt you know it She dialed And Hello thank Ill Nuhn arched her eyebrows in Hello this is the county clerk of Comal Ill bet Im going to ask the same question 253 other county clerks have been Is Milton Eisenhower John Andersons running mate There was a long I Perhaps youd like to tell that to a member of the Nuhn handed over the Eisenhower is Andersons running mate in the State of I know it looks but when Andersons petitions were turned that was the Milton Mallory of the Secretary of States election office He picked Lucey after the and under Texas law theres no provision for changing the vice presidential candidates name after Mallory I dont know who this Eisenhower Mallory its not all that im since youre voting for a candidates not the candidate Anderson has the required twentysix electors on those and theyre the ones that Mallory Nuhn looked You see what I go through Its a she Khomeini death denied Lebanon AP Iraqs official radio reported Friday that Ayatollah Ruhollah the Iranian revolutionary leader with whose regime Iraq is at has but Tehran Radio denied the report shortly It has been confirmed to us that the impostor Khomeini has met his said Baghdad It did not say how the claimed confirmation was It was the second report this week by the Iraqi radio of a sensational development in its adversarys On Tuesday it reported that the 52 American hostages held in Iran had been released Tehran Radio denied the and Baghdad Radio abandoned The broadcast claiming Khomeini was dead said he has not been seen in public since the war broke out between Iraq and Iran on All statements that have been at tributed tu him and broadcast on his behalf over Tehran Radio have been written by others and read by because the tyrant is the broadcast It challenged the Iranian government to put Khomeini on television or have him make a speech to the nation in person on Tehran Inside REAL ESTATE COMICS 15A 4A WEATHER 67A ISA 11A ;