European Stars And Stripes (Newspaper) - December 21, 1986, Darmstadt, Hesse Sunday december 21, 1986 the stars and stripes a Paga 27 record volume it i76ers luring free \ Reco for rest of season fuels Stock surge from press dispatches Ali a a aae a a a new York up Slock prices traders and was left to those the Phila 15l�bhkbtm3illlllm advanced Friday record volume lied Wilh the derivative financial instr Umcil Delphi ii 76crsgave Veteran guard world a to the quarterly Market upheaval known and program 76crs Gav b. Free Oner Sheet for estimated$250,000 Friday night to join the Aba club for the rest of the season. Free 33, played the past four sea sons for the Cleveland Ca Aliers. The Cavaliers offered to re sign free for this season but sought to halve his estimated $800,000 salary. He became a free agent when his con tract expired at the end of last season. Free cannot play with Philadelphia for 15 Days. During that Lime Cleve land has the right to match the 76ers" offer. General manager John Nash of the mixers said he hoped Cleveland would waive the wailing period and accept alow round future draft Choice. Iowa state penalized Mission Kan. Iowa state s football program was Given a two year probation and stripped of four scholarships for the 1987-88 academic year the Mcaa said Friday but the cyclones apparently escaped harsher penalties by tiring coach Jim Criner. The Only sanctions Are the scholarship cuts. Iowa state will be allowed to give Only 26 scholarships the 1987 is year instead of the Normal 30.sanctions that would have barred postseason and television appearances for one year were suspended sup port of actions taken by the University prior to the hearing this Case the Mcaa said a news release. Criner was fired last month. The Mcaa also said the penalty was reduced because Iowa slate notified bowl scouts nov. 8, when us record was 5-3, that it would accept no postseason invitations for at least a year . Bans tailback Chapel Hill . Nort Carolina tailback Derrick funner the leading rusher the Atlantic coast conference this past season has been suspended from the tar Heel football team for academic reasons and will miss the Aloha bowl coach rum said Friday. Cum said under Mcaa guidelines funner who was fifth the nation Rushing with 1,250 Yards this season would the eligible to play against Arizona the bowl game dec. 27, How Ever Crum said Fenner would not accompany the learn to Honolulu. Miami to play Ark. Fayettev1lle, Ark., Arkan Sas and lop ranked Miami have agreed 10 play a two year football series starting 1987 at Little Rock University officials have Razorbacks and hurricanes will meet sept. 26, 1987, at War me Morial stadium with the 1988 game to be played at Miami. No Dale forthe 1988 game has been set. The Miami game fill the vacancy inthe Razorbacks schedule when Wichita state decided to drop its football pro Gram. For the hurricanes the move Means replacing Northern Dinois. Gopoz wins ski race Cora Yugoslavia Switzerland s Joel Gas Poi edged Roberto Erlacher of Laly Friday to win the fourth men s giant slalom world cup ski race of the season. Gas Poi 24. Was timed for his two runs 2 minutes 37.12 seconds Erlacher was clocked 2 37.ib. The Victory was Gaspor second of the season and the sixth of his career Italy s Richard Prato ton finished third 2 37.58, and Austria s Hel Mut Mayer was fourth 2 38.16.among those who dropped out was defending world cup Champion Marc Girardelli of Luxembourg he fell the first heal injuring his left Sholder. Young Boxer prevails Sacramento Calif. High school Junior Gerry Payne of Washington d.c., is hitting the books after capturing what he railed the biggest win of my life for the United Stales Amateur boxing team match against 17-year-old Dunbar High school fighter out pointed Cuba s incl Poniente 2-1 during Amateur boxing federation match before 3.078 fans at Sacramento s Arco Arena thursday cubans took the team Competition by a 7-2 Only other . Victory was scored by Bomani Parker of Rich mond Calif., who out pointed reign ing 156-Pound Amateur world Cham Pion Angel Espinosa 2-1 the 165 Pound match. Tie for 1 St Jamaica Montero Bay Jamaica Bruce Crampon and pal Bradley Bir died the 17tfi Hole to pull into a tie for first place Wilh Miller Barber Judy Dickinson Friday after one round of the 1730,000 Mazda Cham pions Golf tournament. The 54-Hole event the tryall Golfand Beach club course matches the top 12 Money earners the Lyga Lour and the lop 12 Money winners the senior pea Lour. The tourney uses a Best Ball stroke behind the co leaders were the teams of Gene Littler Becky Pearson and Bob Charles and Amy a Colt. Charles had a pair of eagles his round the i2lh and 17th holes. Jackson charge upheld Milwaukee a municipal court judge Friday refused to dismissal disorderly conduct charge against Reggie Jackson forcing the Californi Angels player to stand trial Inci Dent involving a fan. Judge Jeffrey Wagner refused to dismiss the complaint brought by Donald Weimer 26, of Racine. Weimer claims Jackson roughed him up a downtown bar. Major Gools by a when he asked Jackson for his autograph May 3. Lloyds separate fort Lauderdale Fla. Ten Nis Star Chris Evert Lloyd and her Hus band John Lloyd have agreed to Ami Cable separation they said separation widely reported a month ago the British tabloid is the second for the couple their eight year marriage. They have been separated for three months the Cou ple told the fort Lauderdale news and Sun Sentinel. Losing coach resigns West Long Branch . Ron Kornegay resigned Friday As basketball coach at Monmouth College citing the team s 1-6 record. Assistant coach Ron Krayzel will serve As interim head coach and Kornegay will remain a assistant athletic director. Be up stoc advanced As the triple witching hour. About 244.68 million shares change hands More than 85 million of them the last two minutes of trading said Richard Torrenzano communications director of the new York Slock change after the session. The heavy trading toppled the pre Vious record volume of 240.49 million shares set sept. 12. The Dow Jones Industrial average which fell 5.49 thursday and was Dow about 5 Points one hour def orc the close advanced 16.03 to 1928.85. For the week the Dow gained 16.59 Points. Gainers outnumbered losers 1.173 511 among the 2,074 issues traded. The nose composite Index Rose 1.55 to 142.65. The Price of average share climbed 41 cents. Standard and poor s 500-Stock Index jumped 2.95 to 249.73, with hour of trading left Friday the Market had erased some modes gains and moved lower As investors waited to see How the triple witching hour would affect the end of trading. The quarterly event when Stock Index futures contracts come due while options those contracts and options individual stocks simultaneously expire is fre fluently linked to unpredictable swings Stock prices. For Lack of anything else to think about. The Market focused the triple witching hour said Michael Metz a Market strategist at Oppenheimer and co. The Arena was completely vacated by All serious investors and All Veteran conversion rates up Friday closing Rales Fol be . Dollar to of Jar Curren cies. Pigom Are expressed dollars to the British pfc and and othe local Curren cies to Dollar ten pries of Gold traders and was left to those obsessed with the derivative financial instruments and program trading. These people Are involved a Gam of try ing to figure out what the other Guy will do and order to do it first the Market May now attempt a rally Metz said but even if prices Advance problems Lurk the background. The Outlook for stronger economic growth continued Strong consumer spending Anda narrower . Trade deficit far from certain Mel was the most Active Issue fall ing it to 25tt. At to said thursday plans to Lay off about 27,400 employees As part of a corporate , formerly International har Vester followed losing a to 4%. Commonwealth Edison was third Ris ing v to 35.prices Rose Active trading the american Stock Exchange. Wicks led the actives unchanged at 3 amen Index jumped 3.02 to 265.46, the Price of average share was up is cents. Advances outpaced de Clines 286-280 among the 832 issues traded. Volume totalled 15,790,000shores, compared Wilh 13,740.000 shares traded thursday. N i a York exc and i the 15 mos Lacna tic stud exc Lungi comp Oduj or or Tom meding is p a. 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