The Tribune from Seymour, Indiana • Page 1

v. TJklHJhi rrcw-f Cclti vria ISrsI WlMefcfl SSps3H9b Weather on J'V-' IT7 i Hi li listen Indexes pSiimmet to Icvcb bcl 10 ycaro co NEW YORK (AP) The Dow industrials slipped this morning after Wall Street faltered in a bid to bounce back from Thursday's 337-potnt plunge and steep losses in Asia. The Dow, at one point up as much as 78,53, then gave up its gains and was down 31.92 at 8,134.07 in morning trading, Its drop Thursday of 357.36 European stocks rebounded after opening sharply lower, but the recovery bid came too late for Asian markets, where some key indexes plummeted to levels last seen more than 10 years ago. Investors remained nervous about Russia's growing economic and political turmoil and about whether the economic crisis that began more than a year ago in Asia will spread to Latin America. Thursday's weakness on Wall Street, including a 4i2 percent plunge in the Dow Jones industrial average, added to the negative sentiment.

The drop Thursday of 357.36 points was the third-biggest point drop ever, trailing only the 5S4.26-point plunge of Oct. 27, 1907, and the SOS-point collapse on Oct. 19, 1987. The percentage drop, while the biggest since last October's swoon, was not close to the record 22,6 percent of the "Mack Monday" crash of 1987. The drop Thursday left the Dow down 1,171 points See MarketaPage 2A A floor AiioetiMS PfM tradsr hit hir.d to fsra Itead durlni today In Hons Kottj.

Pt! tavut uwnnimwa "Old Man with Turban," an oil on oak panel painting showing i shadowy portrayal of an elderly man, hai been confirmed at the work of Rembrandt van Rljn and will 8o on show publicly tor the rat time at an Amsterdam art fair, The privately owned painting hai been the subjoot of apeoulatlon since It was first discovered In 1917. An Amsterdam-based research Soup has confirmed It Is by Dutch master and not one of his followers. 'AueelitidPrMf. Cxplisl isiRrfet Workers erect scaffolding around the Capitol dome as the sun rises through morning fog today In Frankfort, Ky. The restoration Is expected to take 14 months.

Pi'st tirSkt MINNEAPOLIS (AP) At the around-the-clock strike coordination headquarters for Northwest Airlines -pilots, sign on Dean Smith's bulletin board read: "My jot will be parked 62908 Smith, however, Said he was optimistic that a settlement would be reaohed before tonight's deadline for a strike that threatened to shut down Northwest. AeertuMiMCA Hometown Report hh IS CvStVSrfftllMIHMHIHtlltf2A CpilliMMMHHMHIMHMHm23 Iporti 7A uum Cifcili licksoii County. uft Cfet mm 1 1 m. tt IftMSsyeeseeeT Ctraststlsft MIAMi Umnm RMUL2H WmtrfflfOif 14.212 fmtom FftoOv CW 14. 221 USM CWW.J17 iMw tldlxLtSt totem 0414,227 Sondra Colwoll and her 13 earlier this week.

week old dog, Butw check thi mornlRS Mds lilt on cruisers wcrlt to bo perforated tcr.y.t, Setardey Tribune Senior Writer City officials will again put the brake on cruising in downtown Seymour tonight and Saturday night by continuing maintenance of Chestnut Street that began last week end. "It's a good time for us to do the work," Mayor' John Burkhart said during a city board of public works and safety meeting Thursday morning, "it's cooler," Burkhart added, Director of Public Works Dave Stark said he will have a crew of about eight to 10 workers doing projects along Chestnut Street beginning at 9 p.m. today, That work will continue through at least mid night or "until it's done," Burkhart said. City workers are paid over time for the work, stark said, The work does not require board approval and is up to Stark, Burkhart said, He added he just brought it before the board to get their opinion, Board members Mike Jordan and Ann Wind ley said it was all right with them, In another matter, board members approved a plan- to offer $50 rebates to any of 79 property owners who elected to unhook their downspouts from the city's sanitary sew er, Twentysix others have downspouts that are no longer connected but the opening to the sewer system has not been disconnected, Those property owners own homes or businesses in the boulevard area on. the city's west side, That area is in the first phase of a project to separate storm and sanitary sew ers, The project is designed to reduce the amount of storm water (clean water) from entering the city's waste water treatment plant, Burkhart said buildings -with downspouts connected to the sewer system are in viola tlon of city ordinance, but that offering thet abate -seemed to be a better way of addressing the issue.

The pro gram is open to other city property owners, although a survey of the system has only been completed in that area, Burkhart added. County Council members to get 21 percent raise A' Twn pheto by Jew Hebblm near their Seymour home Libyan sanctions may be lifted UNITED NATIONS (AP) -Calling on Libya to honor its pledges, the Security Council has unanimously agreed to suspend sanctions against Tripoli once it turns over two suspects in the fatal bombing of Pan Am Flight 105, The council voted 15-0 Thursday night to approve a resolution that also threatens additional measures if the suspects fail to eppearfor trial before a three-judge panel in the Netherlands, "This unanimous signal from the Security Onincil to the authorities of Libya could not have been stronger," said Hritaln's deputy ambassador, Stephen Gomersall, "This is now the moment of truth for Libya to come good on the commitments it has made: -LThe twosuspects bdel Basset All al-Megrahi and Lamen Khalifa Fhimah are accused of planting a bomb aboard the which exploded ovei Lockerbie, Scotland, on Dec, ,21, 1988, killing 270 things out whllo taking a walk study before giving Carris more than a 3 percent raise, "Maybe this wage study will say the job's worth we don't know," he said, "If it does, at that point 1 could recommend it, but we're getting the cart before the horse," The council voted to raise Garris' pay to $.10,000, and to reevaluate his salary when the study results are 1 liven to the council, which uca said would be done by Nov.l, Sleeted officials are not included in the wage study Council member Greg Frsnge motioned to increase the pay to $32,000 after abstaining from the first vote, but his motion was ruled out of order by Lucas. The budget will also include pay for two new $1780 -tor a new intakeprobation officer and $50,000 or a human services director, and includes the county's first official budgeted donation to the Jackson County Historical Society in the amount of $2,000, "That way, hopefully we can decide what jobs are grossly underpaid and which Jobs are receiving about the tight amount of pay, and then distribute the money accordingly," council President Dave Lucas said, However, the council vot' ed, after some discussion, to make an exception in the case of Jackson County Highway Supervisor Mike C-arrls, "If we don't get this guy a Iood raise, we'll lose him," ohn Schafstall, a member of Jackson County's Board of Commissioners, said in the meeting, "We've taken the average (pay for highway depart' ment supervisors) in the five surrounding counties and came up with 132,000, rms position Mi Jnn underpaid for a long time, hate to lose such a qualified worKtr, The position had salary of $25340 in Lucas, however, said he felt that the council should wait for the results of the wage and job classification Group czrtZ2 cn 3 percent fcr ivcricest; 2 ctMzh Py Hi SY in Tribune Staff Writer This Jackson County Council met In special session this week to discuss the county's 1999 budget. The new budget will include a 14 percent raise for Jackson County's three commissioners, taking their pay from $12,000 per year to 114,333, The council approved a 21 percent raise for each of its seven members, taking their salaries from $3,700 to $4,667, The council agreed to give 3 percent pay raises to all count employees, and to hold 2 percent of the money earmarked for pay raises in a separate fund until it receives results from a forthcoming wage and job classification study, eewfetper 4J flWfel I.