Journal Gazette from Mattoon, Illinois • Page 1

1 KZAXH Clouby and colder today with a 70 percent chance of showers. Highs upper 50s. Winds northeasterly 8 to 15 mph. Colder tonight with a 60 percent chance of bin. Lows low 40s.

Cloudy, windy and colder Tuesday with a 40 percent chance of rain. Twins' bats put Cards down again Heartland Federal name change only C2 B1 Monday Mattoon ft October 19, 190? Copyright 1M7Mld-llnota Newspapers, Inc. 113th Year, No. 172, 30 Cents Mine Monday9 today for stock market? NEW YORK (AP) As the battered stock market today, Wall Street faces uncertainty not only about Interest rates and the economy but also over whether a now wave of investors Is poised to ball out. Many market pros say last week's shocking tumble in stock prices marked only a temporary retreat or "correction" that could preface further gains and a continuation of the 5-year-old bull market.

But a stiff test may come when the markets reopen, as those who have not yet made their decisions including foreign investors who trade U.S. stocks on overseas markets and mutual fund managers who control billions of dollars in shares either Join the selling binge, stand pat or buy stocks they believe have fallen to "bargain" levels. "I would suspect after such a sharp decline that trading session ever on the New York Stock Exchange. That gave the market's best known indicator a drop of 235.48 points on the week and put it 17.5 percent below its Aug. 25 peak of 2,722.42.

The tumble extended beyond the narrow range of blue-chip stocks tracked by the Dow industrials. The market value of 5,000 stocks tracked by the Wilshire Associates Index lost $145 billion in value in Friday's session, falling to $2.8135 trillion. The key to Wall Street's performance and to investor sentiment in the coming days is likely to be how the market perceives prospects for inflation and interest rates, two big factors in last week's plunge analysts say. Helping to trounce stock prices was speculation that persistent U.S. trade problems would mean a weaker dollar, which in turn would mean higher inflation and higher Interest rates.

Last week's report of a larger-than-anticipated trade deficit for August discouraged investors who had been betting that the two-year decline of the dollar which makes U.S. products more competitive would improve the nation's trade performance. That prompted speculation the United States would let the dollar weaken further, which Is seen as raising the danger of high inflation. In turn, that sparked fears that interest rates, which in recent months have soared to levels not seen since late 1985, would climb further as investors demanded higher returns to offset anticipated inflation. we've had here in the past week, investors will begin to reassess what has Henry Kaufman, the influential chief economist for Salomon Brothers said Sunday on NBC-TV's "Meet the Press." Last week's sensational tumble shocked market pros and casual investors alike, raising speculation on Wall Street and in the media over whether the bull market was over for good.

The Dow Jones average of 30 industrial stocks, the market's best-known indicator, plummeted a record 108.36 points to 2,246.73 on Friday in the busiest Hundreds line up for -vj homecoming parade ill By PETER ROONEY Staff Writer nounced Tuesday that an Illness in the family had forced his cancellation. Jt Also marching in the parade Rep. Mike Weaver (R-Charleston), Stat Sen. Babe Woodyard (R-Chrisman), EIU Prent Stanley Rives and Charleston Mayor Murray Choate. Marching bands from throughout the area performed, to the delight of young and old alike.

Among the pieces performed was the Charleston High School Band's rendition of "La Bamba." Mat-toon, Stonlngton, Stewardson-Strasburg, Mowea-: qua and EIU entered marching bands as well. CHARLESTON Hundreds of parade-goers lined the Square, Seventh and Sixth streets Saturday morning, to be entertained by the annual Eastern Illinois University Homecoming Parade. Children may it mt 1 have enjoyed the spectacle most of all. And if kids could vote, the poli If tician who would win the next elec tion would be the one who threw out the most candy. Parade Marshal H.

Ogden Brainard, HlUv i The Corn Belt Shriners, perennial crowd-pleasers, wove criss-cross patterns perched on pint-size motorcycles, tassels from red felt fezzes fluttering in the breeze. And then there were the floats, most incorporating this year's Big Apple Homecoming theme, all depicting the Indiana State University Sycamores in various stages of death or dismemberment. Before the game, one more homecoming tradition was observed: bestowing distinguished alumnus awards to some outstanding EIU graduates. Among the recipients this year were Burl Ives, '31; Rex Cooley, '59; Wayne Ratts, '54; James Hanks, '57; Carolyn Fischer, '55; and Raymond L. Fischer.

'54. a 1925 EIU graduate who has also received both an honorary degree and distinguished alumnus award, was Just one of the prominent local residents in the parade. Brainard, a practicing attorney in Charleston for more than half a century, replaced folk singer Burl Ives as the parade's grand marshal. Ives an- Photo by Art Richard The homecoming parade featured beauty queens, politicians, a variety of floats. Amish art 20 years of dabbling yields Top Archer shoots attackers 'r By PATTY O'NEILL Staff Writer FORT COLLINS, Colo.

(AP A woman fended Off One SULLIVAN After 20 years of dabbling in oils and Of tWO attackers Who broke watercolors, Janet Roney has combined the things a MHlnn MnlntlnM inf a limiA1 A11Hn AtVtlch into ner oparimeni Dy ciyujra pauiuug mw "hvu whwu S' -rilrS'iS rural Sullivan interest in the Amish has arrow, authorities said. 1 it 1 MM school along witli the Amish children in the area. In college, she studied history and taught social studies and history at the high school level, but after she got married, her husband, Roger, needed her help on the farm. "I had a really hard time juggling everything. He wanted my moral support if nothing else and so I retired from teaching." In her spare time, she took an art class taught by Bob Calvin the Sullivan High School football coach at the time.

She later took a watercolor class sponsored by the Sullivan Art Club. "I began entering Town and Country Art shows and that gave me the chance to show my stuff. If you listened to the judges, they gave a critique and an art lesson at one time. All that happened 20 years ago." Roney has painted in oils, but now paints almost exclusively with watercolors. A mother of two, Roney, shares studio space With her son who plays the drums opposite her work area.

Her main work space encompasses a corner of the basement and includes an extensive 2,000 to 3,000 color slide collection, which is invaluable to her work. She views the slides and sketches, erases and sketches some more to make a composition from which she will paint. "As a mother, I can't sit and sketch (a scenery outside). I just refer to my slide collection," she said, pointing to two drawers full of slides and the loose slides laying on the tabletop. "They're important for me because the color is so much more true than in a color photograph." "Sketching," Roney said, "is the most important thing I do.

A lot of amateur artists think they can't draw and don't want to sketch, but it's better to Solve your problems on discardable paper than on your canvas." None of her paintings have people in them, as Roney believes people in a picture seem to change the focal point. And while painting the Amish series, Roney has assured the Amish she will not paint them. IgQ ner pumi iwu waiercuiois ciiiiucu muisii ome The woman, who was not LStf tif SSS? irlontiflori ua aionia in hor adjoining famUy's home and their summer garden, laenimea, was aione in ner and Good-bye showing geese on a cart being pulled by apartment about 1a.m. a horse and buggy to a sale barn. Saturday When two men With The entrepreneurartist is marketing the prints 8tOCklngS Over their heads herself with the use of flyers distributed in galleries entered her home, said and frame shops.

She has already distributed 500, but nolir a nffloor torn Wallaro knows she has a long road ahead of her as she had ponce ufiicer jerry wanace. flyers prlnted up a of money (to l' When the men followed market the prints) but I'm tired of just breaking her Into the bedroom, she even," she said. The prints are in advance sales now. old nollea aha shot an ar- She was encouraged to take the chance on printing rS ESn 1 ml ISISL a limited edition series because she is not able to meet tk 1 tte demand for her Amish paintings. Some 1,000 The two men then fled.

prints, or photographic reproductions, of each picture will soon be available at $70 a piece. The two ''PlM flVuM' originals, from which the prints were made, are not i.M7 Cr3 C3y for sale. They have been promised to her 18-year-old son, Qay, and 13-year-old daughter, Cynthia. me pilym Of Jessica MC- jjer painting career has enjoyed some fame since i CIure brought OUt the best In she was commissioned by the Arthur Chamber of allot US throughout th6 Commerce to paint a poster publicizing the Arthur world." Cheese Festival over the summer. Roney said her interest in art came after she was married, but the factors that influence her work stem Vr- mnzwrrm fmm hpp rhildhnnn riavs.

1 waa a 1 1 ii i eii i. a imu i v. uu.iu i uuiiil. About People A2 but I didn't have the opportunity in the country grade Business C2-3 school." She attended the Jonathon Creek country Photo by Patty O'lMH Janet Roney at work on Amish series at her studio. C8-10 ih icn nil pqii nmir hinnirocrac nt mQinr arteries Obituaries A6 CHICAGO (AP) Dally consumption of Arteriosclerosis.

Dnlninn jgn oU can limit blockages of major arteries "Until now, there has been a lack of Infor- rijI ta 0,6 heart and and mav an ef matlon on tne effect of "sh oU at that level," fective way to counteract a high-fat, high- she said. TWeu h-t' Whlle flsh oU has 801(1 ln health risk of heart disease and other arterial problems. Cod liver oil, for example, has been found to contain too much vitamin A and to be a practical daily supplement. Oily coldwater ocean fish, such as salmon and mackerel, provide the right mix of fatty acids for a daily supplement, researchers contend. "The safety and effectiveness of fish oil pills has not been proven," Howard Lewis of.

the American Heart Association said when discussing the issue several months ago. "We don't recommend that people sunnie, ment their diets with these preparations' he said. "We have suggested since 1961 and continue to i suggest, that people get their fish oil the old-fashioned way( and that's hv eating fish." Vessellnovitch acknovfedged researched have yet to determined! actly how XK2 works to inhibit the growth of arterial lesion? "We have a few suspicions, but there must be more research," she said. yuusi Try aBargalnCounteraasslfied cholesterol diet at the vessel wall level," said SuhTnu Ad. Three days, two lines, one Dragoslava Vessellnovitch, one of three Unl- vldes any nem oemius- dollar.

For full details, see the versity of Chicago Medical Center resear- The controversy runs the gamut from what classified section of today's news- chers who reported findings of the study in type of fish oil provides optimal benefit to paper. the current issue of the journal, how much fish oil is necessary to lower the.