|PM V Texas m m M • The Battalion e hoped the re ickly. his statement , m investorsthtr ,'ith this probla is essentially ile said, liller III, dimn lanagement ■(I that 10.5 iheld from 8.5 percent from ies, as each of the reductit®] '>ramm-RudiMii that could Justice Depat State Depart® loping a space I lie averted ti ;s and Reagan delicit-rei Thursday, October 22, 1987 Stock market regains half of record loss ks are temponn Id in escrow and emporaryadjt esearch to law itary readiness, tins could lose their budgets fee iegan Oct. tiis vear cuts if >m domestic pr le Pentagon, z broad categoraj ere exempted V om huge areas uding Social veterans aayroll. nm-Rudman of about $Ht ar that began step toward a '93. y despi /y trad ORK (AP)- ied I uesdav, Monday’s ten the rest of the I to flounder in ;ht session of me. ow Jones a topping its prt it gain of75.23 NEW YORK (AP) — Investors flocked back to the world’s stock markets Wednesday, shaking off a trillion-dollar panic and sending in dexes to record gains in New York, London and Tokyo. The Dow Jones industrial aver age, climbing halfway back from Monday’s historic 508-point col lapse, rose 186.84 points to 2,027.85. The index had risen a record 102.27 points Tuesday. The partial recovery in New York Tuesday contributed to record gains Wednesday in indexes on the Tokyo and London stock exchanges. The improved attitude carried over into trading in the United States. Analysts speculated that investors may have been pleased by world leaders’ responses to the market’s panic, which erased more than $500 billion from the value of U.S. stocks and more than $1 trillion from world stocks in 24 hours. The Dow industrials’ plunge Monday wiped out 22.6 percent of the index’s value — a bigger one-day decline than during the 1929 crash. West Germany took a small step this week to hold down its interest rates, and President Reagan and leaders of Congress recommitted themselves to whittling away the fed eral budget deficit. Reagan said Wednesday he has not eased his opposition to higher tax rates. Nevertheless, economists said there was no major news event to ac count for either the plunge or the partial recovery. Trading volume was 449.35 mil lion shares, higher than any day ex cept Monday and Tuesday, when the volume passed 600 million shares. The value of all U.S. stocks, which fell $503 billion Monday, gained $60 billion Tuesday and another $183 billion Wednesday, according to the Wilshire Associates 5,000 Equity In dex of stocks traded on the New York and American exchanges and over the counter. Market spirits were boosted by the Eederal Reserve’s commitment to in ject money into the financial system to avoid any crises and by the com mitments of nearly 100 corporations to repurchase their own stock an renews threat as ships pass ruined platforms A senior Iranian diplomat said the response to Monday s attack on the oil platforms would not necessarily be limited to the Persian Gulf re gion, where Iran and iiaq have been at war since September 1980. “Iran has several plans under con sideration and will soon act to make the United States pay for its actions,” Ali Ahani, the Loreign Ministry’s di rector for political affairs, told re porters in Bonn. West Germany. “The United States will regret this action.’ Ali Akbar Velayati, the Iranian foreign minister, sent a letter to the United Nations claiming the U.S. at tack violated the Security Council’s unanimous cease-fire resolution of July 20 and demanded a council protest. The convoy is expected to com plete the 550-mile trip out of the gulf Thursday. It is the 12th in the three months since U.S. warships began escorting Kuwaiti-owned tankers, registered in the United States and flying American flags, to protect them from Iranian attack. The convoys have logged more than 7,000 miles. Iran began regular attacks last year on ships owned by or serving Kuwait. The Iranians accuse Kuwait of receiving arms shipments for its neighbor Iraq and otherwise aiding Iran’s enemy. says number of near misses increased 50 percent in 9 months •It the Dmv wii rcnit i >i le. ‘-port 8 uinped nearly months of iation Adn ), however, to lented jOS-po: s session, or tht t drop it tool late August (■sigoiTi7TT77 l oader markeis'ffcn i robust. Decliniiiil rered advances the New York! t he number of ig commercial percent: daring year, according ration figures. i^ag .sement Wednesday, aviation saieiy experts on ot i lie increase on air I he chairman of the National Transpoi tat ion Saf ety Board said the sharp rise in near collisions shows that travelers were ex posed to an “increased risk” of~an aerial col lision during the past summer, but the head of the FAA called the statistical jump not in itself /ei y meaningful.” According to the FAA, the agency re ceived 857 near-collision reports from pi lots during the first nine months of the year, a 37 percent increase over last year The numbei of such reports involving planes carrying revenue-paying passengers increased even more sharply, from 258 last year to 383 this year, up 48 percent. During the busy summer months — June through August — there were 159 near-col- lision reports involving at least one com mercial plane, an increase of 50 percent over the summer of 1986. The sharpest in crease — 69 percent — came in August when there were nearly two such incidents reported a day, according to the FAA fig- Jim Burnett, chairman of the NI SB, said, “If you look at near midair collisions, they continued throughout the summer at very high levels. Somehow we’re going to have to get a handle on that.” But FAA Administrator Allan McArtor said that while the increase during the nine- month period, compared to the same months in 1986, is a matter of concern to his agency, he does not consider the figures in themselves “very meaningful” because actual collisions continue to be extremely •asured by Wilskin id ex of more tit he market gained i value TuestM e than $500 bill sts said there w'l ne of investor were easing, est rates fell slffl| markets, with' t in Treasury b learly ven colleges show increase number of students enrolled By Susan C. Akin Reporter I hi targe enrollnii ti increase at AefcM, the downturn in Texas tfultry and fluctuations in research Tpnwn at MKlH 11 !? a11 tu ' lve P la ved a part in the »ro[lment figures, foi better or each of A&M’s 1 1 col- . said, "We , ehension i-ii->ki rse l