European Stars And Stripes (Newspaper) - January 23, 1988, Darmstadt, Hesse                                Saturday january 23, 1988 the stars and stripes Page s nose proposal seen As preemptive new York Al a new York Slock Exchange proposal to Hall trading in volatile stocks reflects an Effort by the crash scarred securities business to re form before Congress takes More drastic Steps Market experts mid thursday. The nose is trying to make u pc pm live strike by throwing these nines out rather than having some one decide it Tor them said Robert n. Gordon presi Dent of Twenty first securities corp. In new York. They re just trying Lodo things that makes it look like they re doing  tic proposal which directors of the biggest . Stock Exchange will consider nest month is designed to tranquil inc the Market when prices move Loo sharply. It comes against a background of six government studies into causes of the october Market collapse including 10 impending congressional hearings. They Are expected to result in legislation for much tighter Market regulation a Prospect feared and opposed by Many securities professionals. Nose chairman John j. Phelan disclosed the Trad ing Hall proposal in an incr View published thursday in the new York. Times. Sharon am san an Exchange spokeswoman confirmed the interview s accuracy but stressed that the nose Board Only would discuss the matter further at its feb. 4 meeting. I Don t want people to get the impression that we re going to Vole on it tomorrow and put it into effect she said. Phelan suggested that under the proposal the nose would automatically suspend trading on a Stock Tor about 10 minutes if its value swung up or Down by 30 percent in a Day for example. This would give buyers and Sellers More Lime to assess the Stock s performance and make rational trading decisions. Some experts saw the proposal As part of a Roost crash pattern of makeshift reforms in the securities Industry. It May be this new York Slock Exchange proposal is an attempt to do something like the no smoking labels on cigarette packs warning the consumer said Eugene Lemer a finance professor it Northwestern University s Kellogg graduate school of management in Evans Lon til. I think they re also tossing out ideas running them up the flagpole and seeing who will Salute he said. Others saw the proposal As an emotional backlash against program trading the practice of Selling huge blocks of stocks in new York and buying Stock Index futures in Chicago or vice versa in order to profit from temporary Price disparities without regard Loun Der lying values. This computerized technique has been blamed by Simc Stock traders for causing mountains of sell orders to overwhelm the nose on oct. 19, quickly sending prices into a Nanic ruining plunge and paralysing Exchange specialists who Are supposed to maintain or Derly trading. The nose on Jan. 15 imposed an experimental limit on use of its main computer system Tor executing these High volume trades. The Experiment which bans program trading if the Daw Jones Industrial average moves More than 75 Points from the previous Day s close was extended thursday to run through i h. La has uni been Trig gered so far. Driver killed an automobile lit on its. Back after of Conklin was killed and i Passyn being hit by a train near Conklin scr. West German Exchange Klu Dent Mich the Driver William Rosel 42, Kors fun a Lippertz it was injured. Sands of Miinte in the stars and stripes 40 years ago today. Jan. 23. 1948 the voice of America began broadcasting la Europe and Russia the secret facts of inc 1919-41 russian German Alliance in efforts to counter anti american propaganda. 30 years ago today. Jan. 23, is58 the Federal Reserve Board in a move 10 Case inc recession authorized the Federal Reserve Bank of Philadelphia to Cut its discount rate from 3 percent to 2.75 percent. 20 years ago today. Jan. 23,196b a b-52 bomber crashed in Greenland dumping several unarmed Hydrogen bombs into the icy Waters of a Bay. Loye ors ago Way. Jan. 23, 1978 rep. Charles h. Wilson a Calif a senior member of the House armed services committee charged that the strategic arms limitation talks were not in the Best interest of the United states and that no treaty would be preferable to one which would guarantee soviet strategic superiority for the remainder of the  . Claims arms to Nicaragua near 1986 level by Norman Black a military writer Washington soviet arms ship ments id Nicaragua last year nearly Maich cd the record level in 1986, pro Viding the leftist sandinista government with weaponry valued at More than 5450 million . Intelligence sources said thursday the sources who insisted on Anonym Ity said approximately 23.000 tons of War Mazeria delivered to Nicaragua in Calendar 1937 through 62 port Calls by various ships. That compares with a 1986 total of 24,090 ions delivered in is shipments the officials said. What tic figures show is that the arms shipments Are continuing at a very High level and the russians Aren t slow ing anything Down said one of the officials the sources agreed la provide the new figures on arms shipments at 3 Lime when president Reagan is looking for All the ammunition he can find to convince Congress to continue . Aid to the Contra guerrillas. Cagan in a speech on wednesday said a refusal by Congress to continue supporting the Contra resistance would hand inc soviet Union one of its great est strategic i clerics since world War earlier this week the stale depart ment also denounced plans by sandinista Leader Daniel Ortega to open direct talks with the nicaraguan rebels As nothing but a ploy to defeat the administration s bid for More Money Tor the rebels. The House is scheduled to Vole on inc Issue of Contra Aid in two weeks. The Lac so figures on soviet arms ship ments to Nicaragua were provided to lop Pentagon and administration officials recently the sources said wednesday the intelligence report concludes that the sandinista received More irian 50 new surface to air missiles and More than 30 new anti aircraft guns during Calendar 1987. Nicaragua has recently vowed 10 improve is a in defences against resupply planes ferrying . Equipment 10 inc contras. Despite the latest arms deliveries the sources said nicaraguan air defences still must be Cater Fri cd As  also shipped last year were seven so Viet made helicopters including Hind gunships and hip transport copters 30 armoured personnel carriers and 10 or mired reconnaissance vehicles two Zhuk patrol boats and Large amounts of Small arms and ammunition the officials said girl locked in unheated attic has Frostbitten legs removed Gary. Ind. A doctors on thursday amputated the Frostbitten lower legs of a 9-Ycar-old girl who police said had been locked by her Mother in the unheated attic of an abandoned House. Darlwin Carlisle was in satisfactory condition after surgery said or Victoria Dvonch a surgeon at Wyler children s Hospital in Chicago. Everything went Well. She s awake and Alert Dvonch said. Things look very Good much better than we i  the girl s legs were amputated s i to 6 inches below the knee Dunch said adding that it is unlikely any further amputation will be necessary and that the girl will be filled for artificial legs in about two weeks. "11 would t Surprise me if she was the kind of Kiddo who gets up right away inc surgeon said. She has no negative words about any of her is Prience. She s concerned about her Mother and what s happening to  Lake county prosecutor Jack f. Craw Ford filed a felony charge of child neglect thursday against her Mother Darlwin Brill 24, who was ordered held on s 50,000 bait. If convicted she could receive up to 20 years in prison. Stuffed animals balloons and Money poured in thursday for Darlwin who has been hospitalized since she was Dis covered sunday by a construction worker about to Board up the House. Doctors believe the girl was trapped in the attic at least five Days