The Indianapolis News from Indianapolis, Indiana on May 30, 1986 · 1
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The Indianapolis News from Indianapolis, Indiana · 1

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Indianapolis, Indiana
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Friday, May 30, 1986
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1
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A kids map of Indy Summer fun! A Free Time feature Overcoming fear Page 20 THE INDIANAPOLIS FINISH LINE Partly cloudy tonight, slight chance of showers Saturday. Low in low 60s. high , in low 80s. Page 45. 117th YEAR HOME Edition 'Where the Spirit of the Lord Is, There Is Liberty." II Cor. 3-17 . FRIDAY EVENING, MAY 30, 1986 1986, The Indianapolis News 25c Delivered by Carrier, $1.20 Par Weak Motor Route Delivery, (1.25 Per Week NEWS 1 rad a mb Figures show impact of oil price drop, dollar decline By TOM RAUM The Associated Press WASHINGTON The nation's merchandise trade deficit narrowed sharply in April to $12.1 billion, reflecting reduced oil prices and the long-awaited impact of a declining U.S. dollar, the government reported today. The Commerce Department said the trade imbalance fell by 16.6 percent from the March level of $14.5 billion. The improvement in April was led by a 10.2 percent drop in overall imports which totaled allanee s $30 billion in April, down from $33.4 billion in March. This drop offset a disappointing 4.8 percent decline in exports in April, down to $18.0 billion from March levels of $18.9 billion. The April trade deficit was the lowest since a $10.9 billion imbalance last August. For all of 1985. the nation ran a record $148.5 billion trade deficit. The April figures showed the impact of both the world drop in oil prices and efforts to stablize the U.S. dollar against foreign currencies. The dollar has fallen about 30 percent against other major currencies since a year ago. The weaker dollar makes imports more expensive and U.S.exports more competitive. Analysts have been looking for a turning point hed D y in the trade deficit. But despite ' today's good news, economists generally did not expect major improvements in the trade deficit from the declining dollar until later in the year. April's deficit was $2 billion less than the $14.1 billion average deficit during the proceeding six months. , The figures also reflected the full impact of the collapse of world oil prices. Petroleum product imports declined to $2.1 billion in April from $3.3 billion in March. In April, oil on the spot market sold for an average price of $14.93. compared to a $25.63 average price from October 1985 to March 1986, according to Commerce Department analysts. It was the lowest dollar amount spent on oil imports in a single month since June 1975. 6 Meanwhile, non-petroleum imports dropped 7.5 percent in April, to $27.9 billion. The U.S. trade deficit with Japan remained the largest of any single nation, but dropped to $4.7 billion in April from the $5.5 billion level of the month before. The decline in U.S. exports in April included an 11.6 percent drop in farm exports, to $2.1 billion; and a 5.3 percent drop in exports of manufactured goods, to $12.6 billion. While imports generally fell in April, imports of new passenger cars from Canada and Japan incrased by 11.6 percent, to $1.2 billion for Canadian cars: and by 2.3 percent, to $1.5 billion, for Japanese vehicles. The dollar has fallen about 30 percent in the past year against the Japanese yen. YOUNG FAN 11 h 9 I mmm mm 9 fit at SB! ft - " s"V ItiiSiii mil '-fih-li-Str - 1 till K ft'; 5 Sill M8 IPS Adam Bishop, 4, is read if a ball dianapolis Indians lost to Montreal, 3-comes his way. He was with his father, 1. Page 13. The NEWS Photo, Steve, Thursday night when the In- John Gentry. chargers ii are reaay 3rd go at R ace By DICK MITTMAN The Indianapolis News The Indianapolis 500-Mile Race, the Rocky IV of auto racing, tries once again to stagger out of its corner Saturday. The 500, slightly punch drunk from too many blows from the weatherman, will answer an 11 a.m. bell that will send the 33 fastest cars and drivers ever after the checkered flag and a $4 million purse. - This will be third attempt to find three unwet hours in which to run the Race. A final half-hour of practice for the Indianapolis 500 race was held this morning. There were no wrecks during the practice, which was conducted under yellow-light conditions and a 120 mph speed limit. The 70th Race was slated to start last Sunday, but intermittent showers scrubbed that day. Steady rain on Monday sent the Race down the drain again. Day-long negotiations Monday finally reached an agreement tto postpone the Race until Saturday. That way both live television (by ABC. except in Indiana) and the fans could return. "I feel like they made the right decision." said young Al Unser Jr., who will start his Domino's Pizza Lola on the outside of the third row. "The people who come to the Race are what makes this possible. We The Race Starting time: 11 a.m. Saturday. Gates open: 6 a.m. Infield parking will be permitted. Weather forecast: Partly sunny, temperature in the mid-70s, reaching lower 80s during the Race; 20 percent chance of scattered thunderstorms. Pole position: Rick Mears. Favorites: Mears, Michael An-dretti, Danny Sullivan, Bobby Ra-hal and Al Unser. 1985 winner: Danny Sullivan. B Record speed for race: 163.612 mph in 1984. Tickets: Last week's tickets will be honored. Race form chait Page 13 Race scoreboard Page 16 Pictures on Page 22 needed to make it Saturday so the people could come-back." Gates Saturday will open at 6 a.m. All rain checks will be honored. The Indianapolis Motor Speedway is expecting return of another huge crowd. "You won't be able to tell the difference from a normal Race day." said David Cassidy, speedway president Joseph Cloutier's right-hand man. See RACE Page 7 Cars slide on cocoa butter The Associated Press ST. LOUIS A tanker truck leaked 6,500 gallons of cocoa butter on 1-44. creating an 1 1 -mile grease stain "worse than ice" that caused numerous accidents and injured several people, one seriously. The fully loaded tanker owned by Blommer Chocolate Co. of Chicago began leaking early Thursday in Fenton. 1 5 miles southwest of St. Louis. The driver. Jack Beyer. 54. of Chicago, said he was unaware of the leak which was coming from two holes in the middle until another trucker told him about it on citizens band radio. "I didn't see or feel anything," Beyer said. "I must have hit a pretty severe bump." The cocoa butter, which police said resembled cake frosting, caused dozens of cars to lose control on the highway. One man was seriously injured and other people sustained minor injuries. "It was worse than ice," said St. Louis Police Officer Charlie Marnati. Soviet tenor wins, defects United Press International TOKYO A singer described as one of the Soviet Union's top tenors won $6,000 in a "Madame Butterfly" contest and promptly went under the wing of police to seek asylum in the U.S.. Japanese officials said today. A Foreign Ministry spokesman identified the man as Vya-cheslav M. Polozov. 36. a tenor from Byelorussia who arrived in Tokyo May 14 for an international opera competition that ended Monday. After winning the contest. Polozov skipped the awards party Wednesday night and instead turned up at a Tokyo police station. I f jf'1 Mh J tel. Ji Vyacheslav M. Polozov Gang tied to interstate drug trafficking, slayings, burglary By PAUL BIRD The Indianapolis News Federal, state and local police today began serving arrest warrants for drug trafficking against 15 members or associates of a national motorcycle gang with headquarters in Northern Indiana. The eight-month investigation by Indiana State Police, the FBI, Hendricks County sheriffs deputies and police in the Denver, Colo., area followed the business practices of the Invaders motorcycle gang. The investigation began last fall in Hendricks County as a simple drug case and spread throughout Indiana with concen tration in Marion. Hendricks. Montgomery and Tippecanoe counties, said John Wheeler, public information officer at the , State Police Post in Indianapolis. Undercover agents from state police and the FBI infiltrated the gang- A state police undercover agent, who asked not to be identified, said the 15 persons will face 36 charges. He also said at least two slayings one in 1979 in Northern Indiana and another in the Denver area are believed to have been solved. The investigation involves trafficking in cocaine, metham-phetamine. and marijuana. A major drugstore burglary ring in Northern Indiana and an armed robbery case with shots fired in Tippecanoe County were uncovered during the investigation. "It was an interstate operation," a police source said. "They would ship drugs worth thousands of dollars into Indiana and then one member of the gang distributed them to other members." In Hendricks County, officers today arrested a couple charged with illegally selling guns and See DRUGS Page 5 )LA iCjust hbcon Top!) Ojpl0. ''I OF THE CARS THAT ' Jfc A WERE LEFT HERE SDuips Speedway officials can't seem to make quick decisions. If the officials were southerners, they'd still be deciding whether to form the Confederacy and secede from the Union. The Speedway once was known as the famed oval. Now it's defamed oval. If you don't expect any trouble parking .for the race, chances are your car is still stuck in the mud. The 1986 500-Mile Race is anticlimactic. It's something like going on a honeymoon with your live-in lover. If you think TV is bad now, wait until Monday when Senate sessions are televised live. The Senate sessions will be a form of educational TV. They'll teach viewers how to speak for hours without saying anything. Wendell Trogdon Another record close United Press International NEW YORK Stocks scored their fifth consecutive i gain Thursday as futures-re- j lated buying gave the market a late shove into positive territory and boosted the Dow Jones industrial average to another record close. Trading was moderate. The Dow added 4.07 to 1,882.35 for a five-session gain of about 107 points. Advancing issues, which lagged losers for almost the entire session, pulled ahead in the last hour, outpacing them 828-755 among the 2.006 issues traded. Memorial tributes Six pages of Memorial Day tributes are in The News classified section today. Pages CI to C7. Celtics win again The Boston Celtics defeated Houston, 117-95, to take a 2-0 lead in the National Basketball Association championship Series. Page 13. IN THE NEWS Pages Pages Bridge ... 45 Living . 20-21 Business 23-24 News Today 4 Classified 28-44 Obituaries . 27 Comics . . 19 Pictures . . 22 Editorial . . 8 Sports . 13-18 Garden . . 46 TV 10-11 Health .... 6 Weather ... 45 The News Phone Numbers Main Office 633-1240 Circulation 633-9211 Classified Ads 633-1212

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