Columbia Missourian Newspaper 1981-08-25

              73rd Year - No. 291 Good Morning! It's Tuesday, August 25, 1981 2 Sections - 34 Pages - 25 rte
Bonds sink to record lows; stocks dive
NEW YORK ( UPI) - Bond and stock
prices plummeted Monday In one of the
worst days In Wall Street history amid fears
the Reagan administration's 1962 budget def-icit
may be larger than expected and leave
interest rates at near record highs.
Bond prices sank to record lows in a rout
mat could make it virtually impossible for
states and cities to raise money for needed
services. And analysts held out little hope of
improvement in the near term as high inter-est
rates make short- ter- m Instruments
paying up to 18 percent much more attrac-tive
than the long- ter- m bonds.
Analysts said the crowding out of the mu-nicipal
and corporate sectors of the bond
market by heavy Treasury borrowing has
put the municipal market in a near crisis.
All Treasury issues with maturities of
three years or longer were at record lows,
with the key Treasury 30- ye- ar bond sinking
roughly three points from Friday's level to
dose at 95.
A Triborough Bridge and Tunnel Authority
30- ye- ar bond worth $ 1,000 last week plunged
to $ 950.
Stocks took their cue from bonds. The Dow
Jones industrial average based on the
prices of 30 blue- chi- p industrial stocks
dove 20.46 points to close at 900.11, its lowest
level since it hit 891.13 on July 11, 1980. The
closely watched indicator lost 7.80 points Fri-day
and 16.36 overall last week.
The loss was the worst since the Dow fell
23.80 points on Jan. 7 after a Wall Street fore-caster
advised clients to sell. The January
plunge also was shortly before Ronald Rea-gan
took office promising a new economic
package of tax and budget cuts.
The New York Stock Exchange index
skidded 2.18 to 72.92, the worst setback in its
history.
Analysts said the main factor behind the
rout was Investor discouragement over the
Federal Reserve's report late Friday that
the nation's money supply climbed $ 800 mil-lion
in the latest week following a $ 5.1 billion
surge the previous week. Analysts had ex-pected
a smaller figure.
The figures mean near- recor- d high inter-est
rates won't decline in the near future,
and the Fed -- won't ease up on its tight money
policy.
Wall Street also is worried that President
Reagan has underestimated the budget defi-cit
for fiscal 1982, and that the Treasury will
. - i
have to borrow more heavily than antic-ipated.
" This is a market acting like a child in a
tantrum," Dreyfus Corp. Vice President
Monte Gordon said. " There is growing fear
that the Reagan program may come unglued
and create more inflationary problems. The
wild card is that the deficit could be $ 20 bil-lion
more than Reagan has anticipated.
There is frustration and investors are throw-ing
in the towel."
The benefit of the tax cut doesn't come into
effect until later, Gordon said, and it could
be stimulative at the wrong time.
As the school bell rings, children at Ridgeway Elementary School head for classes. o
Day One: Classroom anxieties
ByJeffBaron
Miesourian staff writer
Sole Urioste started school in Co-lumbia
Monday. So did her daugh-ter.
The 11,000 or so children who
started the new school year Mon-day
learned that golden summers
end. Ms. Urioste learned that lesson
several years ago, but she was back
in class in a Comprehensive Em-ployment
and Training Act pro-gram
for office skills. And she went
through the first- da- y jitters just
like everybody else.
' Tor me there was a little bit of
apprehension and a little bit of ner-vousness
in going back to school,
but once I was here I saw it would
be fine," Ms. Urioste said during
her lunch break at Douglas School.
The school, at Park Avenue and
Providence Road, houses several
and pleasures for new students
district programs, many aimed at
adults. As busy as the first day of
school was, the building was quiet,
and no children ran the hallways.
Half a mile away, the halls of the
Field School were filled with chil-dren.
David Smith, a 9- yea-r-
old in
the third grade, also admitted to be-ing
nervous his first day in Colum-bia
schools. He and his family fin-ished
the long drive to Columbia,
their new home, from Sacramento,
Calif., the night before school
started.
By lunchbme David had gone
through registration and was set-tled
into his class. " It's good so
far," David said. The teacher is
nice, he decided, and that had been
his biggest worry.
David said he left lots of friends
in California. But be wasn't worried
about fitting in with his new class-mates.
And Columbia has some good
points, he said. Most of bis relatives
live here, and his grandmother has
promised to teach him how to oper-ate
her ham radio.
Debbie Anderson, a 9- year- - old in
the fourth grade, is another new ar-rival
at Field School. Her family
moved to Columbia from Lincoln,
Neb., in June.
" I was scared to go to school, and
I told my mom, ' I'm not going to
school,' " she said, laughing. " And
she said, The next day you'll go to
school and the tddsll be there and
say, " Who's this crazy person?
Why wasn't she here yester-day?"
' "
So Debbie went to school Monday,
and she was satisfied. Her teacher
was nicer than the old ones, she
said, and " it's always fun when you
go any place the first day."
After school, Debbie planned to
go swimming with one of her new
friends from the neighborhood.
After she got out of school, Sole
Urioste planned to find out how her
daughter did in kindergarten. They
could trade stories about their first
day.
" Christina is 5 years old, and she
asked me, ' Mommy, you're going to
school? What are you going to
leam?' "
Christina was nervous about
starting school and excited about
wearing the new dress her grand- -
( See GROWN- UP- S, Page 14A)
Kinsey study disputes theories
linking parents, homosexuality
NEW YORK ( UPI) - Homosex-uals
are born that way and not made
by domineering moms or weakling
dads, says a Kinsey Institute for Sex
Research study suggesting a hormo-nal
link affecting an estimated 10
percent of the world's population.
Findings in the study funded by
the National Institute of Mental
Health counter theories that homo-sexuality
is a product of upbringing
rather than biology.
Dr. Alan Bell, senior investigator
of the report to be published in two
volumes by Indiana University
Press in November, told United
Press International Monday:.
" We found homosexuality gen-- .
der non- conform- ity ! s deep- seate- d
and not something that one chooses
to be or not to be. Further research
win be needed to prove a possible
hormonal link."
Researchers interviewed almost
1,500 people in 1970- 7- 1 both homo-sexual
and heterosexual in the
San Francisco area and asked them
200 questions about childhood and
adolescence. Each interview took
five hours. .
The study takes parents of homo-sexuals
off the guilt hook and shows
the futility of trying to get homosex-uals
to change " swimming
against their developmental history
can cause grave difficulties."
Bell estimated 10 percent of the
males and females in any country in
the world are born with gender non-conformity
a trait be said is a pre-dictor
of homosexual preference.
Signs of inborn homosexuality can
show up " as early as 4 or 5. years of
age," besaid.
Tomboyism in girls and effemi- nanc- y
in boys signal a pre- schc- ol
child born into gender non- conformi- ty,
the researcher said.
Bell said a person does not become
homosexual overnight.
" We have found this inborn ten-dency
and raise the possibility that it
is a very deeply seated set of im-pulses
and yearnings," be said.
" The most important aspect in
sexual orientation is not so much
about sex, per se, but about with
whom you fall in love."
He said the romantic attraction In
homosexuality is of the " Romeo and
Juliet" type except, of course, it
comes out " Romeo and Romeo" or
" Juliet and Juliet."
If romantic leanings for the same
sex are in " the natural order" of
things for about 10 percent of human
beings, as Bell suggests, what about
condemnations of gays by church-men
and punishment set by law?
Bell said the moral and legal con-cepts
of homosexuality may need to
change.
" If it's a basic hormonal thing . . .
then the implication is that one can-not
legislate against a state over
which a person has no control," he
said.
Bell said further studies will be
needed to prove the biology behind
the new theory. Levels of estrogen
and testosterone the male and fe-male
hormones would be mea-sured.
But Bell said no funding is in
sight for such research.
In town
today
9: 38 a. m. County Court
meets, court chambers,-- fifth
floor, County- Cit- y Building.
Inside
today
Welcome Back!
University students are back
in town for the start of classes'
Wednesday, and the Columbia
MIssourian salutes their arri-val
with a special 20- pa- ge sec-tion
today.
Index
Business . .7A
. Classified . g- ii- A
Opinion .4A
Sports MA
Theater .. . ..... 12A
Weather . .... za
City's schools
easily glide
into routine
By Karen Sloan
Missourian staff writer
Despite the 89- degr- ee heat, Co-lumbia
Public School administra-tors
said the first day of school went
smoothly Monday.
Enrollment dropped less than 1
percent compared to last year, said
Superintendent Russell V. Thomp-son.
Some 10,971 students have signed
up to attend school this year, com-pared
with 11,075 for the first day
last year. The figures indicate that
enrollment in the district has stabi-lized,
Thompson said.
Roy Willard, principal of Jeffer-son
Junior High School, said the ex-pected
number of students 1,043
enrolled in his school. He was
pleased with the first- da- y atmo-sphere.
" The kids seem to be ready
to go back to school,' ' he said.
Muriel Battle, principal of West
Junior High, attributed " the smoo-thest
opening I've ever seen" to the
fact that students " did what they
were supposed to do" and picked up
their schedules in advance.
" We're terribly, terribly busy
typical first day," said Peggy Ann
Jennings, who answers the phone at
the Board of Education offices.
" But it wasn't as bad as I thought it
was going to be."
James Bitter, community rela-tions
director for the school district,
said the move of the district offices
from Range Line Road to Worley
Street caused a few difficulties in
mixed up paperwork for school reg-istration,
but officials were com-pensated
for that inconvenience by
the extra space they have in the
new building.
No special problems were report-ed
in the elementary schools.
The day went " as well as ever, if
not better," said Bob Lincoln, prin-cipal
of the Eugene Field Elemen-tary
School. " If the rest of the year
would go as well, we'd have it
made."
Richard Muzzy, West Boulevard
Elementary School principal,
called the first day of classes
" about the smoothest opening
we've ever had. We have mostly the
same staff as last year and they
know our routine, so that's good."
He said he heard about only one
bus problem during the morning
transportation to school, but said
there might be more logistical
problems with the buses today,
since the morning and afternoon
Related story Pagel3A
kindergarteners will be added to
the bus schedules.
Ritter said, " The bus ( routes)
seem to have gone quite well." He
acknowledged that some mixups
and overloads in transporting 5,000
students are likely, but he said
those problems will be worked out
during the first week to 10 days of
school.
The school district contracts with
Rustman Bus Co. to provide service
for all elementary school students
who live more than a mile from
school, and junior high and high
school students more than two
miles from school. This is the third
year that Rustman has operated
buses for the district.
The first day's problems were
mostly with special education stu-dents,
who are scattered through-out
the district, and with families
who moved onto a different bus
route in town and did not inform the
school or the bus company, said
company spokeswoman Pat Vaa- landingha- m.
But for the most part, she. said,
things ran smoothly on the 67 regu-lar
bus routes. The company suc-cessfully
juggled the buses to pick
up all of the special education stu-dents,
even though at one point in
the afternoon, about 3: 30, it ran out
of buses at headquarters and had to
contact bus drivers already driving
routes to detour and pick up extra
passengers.
The first day at Rock Bridge High
School " went very well no prob-lems
at all," said principal Wayne
Walker. " We had everybody in
class by the end of the first period."
He said only about 40 students
among more than 850 hadn't picked
up their schedules before Monday,
and only two or three had not yet
enrolled.
Hickman High School Principal
Kenneth Clark said the first day of
school mis year was more orderly
than last year. He said more stu-dents
registered in advance this
year and building remodeling didn't
interfere with first- da- y activities as
it did last year.
Some students at Hickman faced
the usual first- da- y difficulties.
Sophomore Ted Farhangi, 2602
Luan Court, couldn't get his locker
open.
" We've got assignments al-ready,"
complained senior Dawn
Wright, 2201 Rose Drive.
Graduate education
in U. S. in trouble
By Fred M. Hechinger
New York Times
NEW YORK Graduate educa-tion
in the United States is caught in
a war of attrition. Its sources of sup-port
are being drained by federal
budget cuts and reduced aid from
foundations. In the humanities, its
students are demoralized by the
prospect of unemployment; in sci-ence
and technology, its most prom-ising
talent is being gobbled up by in-dustry
without regard for the'
universities' continuing need for
teachers and researchers. Such a de-pletion
of the teaching pool would
leave aging faculties whose mem-bers
had made their contributions to
fast- movin- g research fields a gener-ation
ago.
Testimony on these alarming de-velopments
has been given before
congressional committees, in schol-arly
journals and in university presi-dents
reports; but politicians and
the public pay little attention to a
matter that seems to them remote
just now, when economic and nation- -
Insight
al security issues dominate their
concerns.
Yet in the view of many experts, a
decline in the quality of graduate
teaching and research may be the
most serious long- ter- m threat to the
nation's internal and external
strength.
American graduate schools have
been the country's trump card in in-ternational
competition. It is in their
classrooms and laboratories mat the
battles for supremacy in science and
technology have been won in the
past and may be lost in the future.
Young scholars from around the
globe have flooded American univer-sities.
In a technology- depende- nt
world, these institutions play a role
comparable to that of the land- gra- nt
celled as pioneers of modern agri-culture
over a century ago.
Different sectors of graduate edu--
( See COLLEGES, Page MA)