European Stars And Stripes (Newspaper) - October 28, 1987, Darmstadt, Hesse                                The stars and stripes wednesday. October 28,1987 stocks Advance Dow Jones up about 52 a Stock dealer releases tension in London during a rally in prices on tuesday. From Page 1 get deficit president Reagan said the Slock mar Ket plunge Lias alerted us of potential dangers on the economic  responding to a stronger showing in the financial markets tuesday Bond prices opened sharply lower in Domestic trading. The . Government s bellwether 30 year Issue was Oft about 117.30 per $1,000 in face value. Its yield which moves in the opposite direction of its Price had jumped to 9.05 percent. On the Tokyo Stock Exchange he 225-share nikkei Stock average which lost 4.7 percent of its value on monday closed nearly 3 percent higher tuesday. Share prices on the Hong Kong Slock Exchange tumbled tuesday morning but then recovered As the government and Banks announced new measures to help prop up the Market. The Market s prime gauge of Blue chips the hang seng Index closed up nearly 7 percent following monday Sworst one Day fall Ever when in tumbled 33 percent us the Market reopened after being closed a week. Minutes after trading began in Lon Don tuesday the financial times Stock Exchange 100-share Index was up 46.6 Points Ai 1,730.7, recovering More than a third of monday s drop of 111.1, yearly afternoon the closely watched Index was Down 5.6 Points at 1,678.5. The australian Market continued its downward plunge dropping 7 percent by the close tuesday. On monday Wall Street stumbled with the Dow Jones Industrial average dropping another 156.k3 Points to 1,793.93. The decline which represented 8.04 percent of the average s value was the second largest Point drop Ever after the divas taking 508-Poinl, or 22.6 per cent Selloff on oct. 19. The value of . Stocks Felt $203 Bil lion to $2.23 trillion monday according to the Wilshire associates 5,000 equity Index of stocks traded on the new York and american Slock exchanges and Over the counter. The Dow drop helped to wipe out much of the average s nearly 290-Point recovery of last tuesday and wednes Day and left Wall Street s Best known indicator Only about 55 Points above the close on ocl. 19. Analysts blamed the latest slide in part on a string of Sharp losses overseas. Dur ing the past week the . And foreign markets mirrored each other with one Market rising or falling because of the performance of another. A total of 308.82 million shares changed hands on the new York Stock Exchange which made monday the sixth busiest session. With the activity remaining at such a High level the new York and american Slock exchanges announced icy would close two hours Early through Friday. Treaty from Page 1 president in Reykjavik Iceland. When Shevardnadze was Here last month for talk with Reagan and Shultz the two sides agreed that a third Summit would be held in inc United Stales some time this fall. Shultz went to Moscow expecting a Dale to be stand also to Clear remaining hurdles to a treaty to scrap intermediate Range nuclear  made headway with the soviets on the Accord but Gorbachev did not suggest a Summit Date. Shutlz said Gorbachev had asked whether he could expect some sort of agreement on space based defences. Shutlz said he could provide no  Shultz and his advisers had not expected the soviet Leader to bring up the Issue As a Barrier to a All Summit which Gorbachev had agreed to last month after Shevardnadze s talks in Washington with Reagan and  yet several obstacles to a treaty to scrap in come Diane Range nuclear missiles were cleared away during the two Days of talks Shultz held in Moscow. Among them were a timetable for dismantling the rockets and Resolution of dispute Over . Nuclear warheads atop 72 West German penning a missiles. Plan from Page 1 military read from a prepared statement and said the Union is severely disappointed by the Usa eur announcement. Command officials said they probably would know the precise Impact of the reductions on usar eur s civilian work Force until january. However Usa eur officials said there could be further Job cuts depending on the affect of the Gramm Rudman balanced budget act about 51,000 local National employees and 21,000american employees hold appropriated fund positions throughout Usa eur said command spokesman Rex scribble. The personnel reductions Stem from defense department budget cuts affecting civilian employee worldwide. Usa eur has been directed to reduce its fiscal 1988 budget by 14 percent below inc fiscal 1987level, officials said monday. Union officials called on the German government to intercede with the . Government on behalf of the workers. The Union also criticized . Army German government and German state officials for going Back on promises made not to Cut the civilian work Force. The Union statement sent out by Willi Hanss the top transport Union official for matters regarding employees of the . Military called on Susareu commander Gen. Glenn k. Otis to spell out the com plete plan for local National Force cutbacks in Ger Many . Officials Hope to avoid Large scale layoffs by filling fewer positions when they become vacant and so reducing the civilian Force by attrition. Cuts also arc planned in training maintenance another Budgis which will allow Usa eur to comply with the cuts. Otis informed German officials and labor unions of the announced cuts and the reasons for the action in a letter dated oct. 22, according to German and .spokesmen. The letter stated Otis would keep German officials and agencies informed of developments a they occur . Officials said. In Heidelberg Huzel said an area that concerns the works Council beyond appropriated fund employees working directly under Usa eur is the future of workers in non Usa eur agencies. Employment plans for local nationals working for the 5th signal come troop support Agency army Materiel come the department of defense dependents schools and he army and air Force Exchange service Are a concern Huzel said. Ron mrs. Reagan s Mother Dies of stroke in Hoer Washington a Edith Ludo Bavis the Mother of first lady Nancy Reagan cd of a stroke monday at her Home in phoerynriz., the White House announced. She was 9 l Davis widow of Chi Cav neurosurgeon Loyal Davis had been ailing Foar veral years. President Reagan off the first Tady arrived i Phoenix  making funeral arrange ments. The press Mil will return to Phoenix at the end of the wet when funeral arrangements Are Complete Twu tement said. Davis a married briefly to Kenneth Robbins anew jeep businessman but the Union broke up Shortl Fler her daughter Nancy s birth and the Coupe Ater was divorced. Changed dramatically after her marriage in to Loyal Davis who adopted Nancy when she was 14. Davis gave up her acting career and devoted herself to her husband family and Community work. Okinawa to take Over from Guadalcanal in Gulf Manama Bahrain a the amphibious assault ship Okinawa will replace its sister ship the Guadalcanal on mine sweeping and escort duly in the persian Gulf,. Military sources said monday. The Guadalcanal will return toils Home Pon of Norfolk a. The Okinawa is due in the Region in about three weeks to Lake Over from the Guadalcanal which arrived aug. 15 with eight Navy Rh-5jd sea stallion mine sweeping helicopters. The helicopters will continue to operate from the Oki Nawa after it joins the Navy s Middle East Force in the Gulf the sources who asked not to be identified said the sea stallions used to dear Waters ahead of the Navy escorted convoys of .-ftagged kuwaiti tankers were at work monday u the i3lh Convoy consisting of the 290,285-Lon Oil products Carrier Middletown and . Navy escort vessels headed up the  Kuwait hostage Terry Anderson turns 40 in Lebanon Beirut Lebanon a american journalist Terry Anderson held longer than any other foreign hostage in Lebanon turned 40 tuesday. Beirut s Independent an Nahar daily called Ander son kidnapped More than 2vi Yean ago he Dean of the foreign hostages in an introduction to a Tetter from hostage David Jacobsen freed last nov. 2. Anderson chief Middle East correspondent of the associated press was seized by gunmen in West Beirut March 16.1985. He is among 23 foreigners missing and believed kid napped in Lebanon. They Are eight americans six frenchmen two britons an italian an irishman a West German an Indian a South korean and two unidentified men