Alvin Sun-Advertiser (Alvin, Tex.), Vol. 103, No. 100, Ed. 1 Sunday, May 1, 1994 Page: 8 of 55
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Page 8, ALVIN WEEKEND SUN-ADVERTISER, Sunday, May 1, 1994
Texas
2
ABT
COM
ALG
GM*Q
INTERNATIONAL BUS MACHCON
#
From staff
GRACE PRESCOTT - Manager
KAY STARK - Broker
I
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CRICKET'S LOUNGE
HWY. 6 EAST
Pamphlet on taxpayers rights offered
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SKANPLRN
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OPEN MON-FR,9am-5pm
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ONLY $29500
1
RATE
ADDITIONAL QUANTITIES AT REDL
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PNDPOL NOV. GY EJASPER GOO MCMWEL DRL,, TEXAS 511
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DIFFERENCE AND VOTE MAY 7th AT THE MAIN FIRE STATION
MAKE A
.•..9.%.%
devel-
it valid
COR
con
Bargain hunting is the American:
way. But when a stock trades today
for half of what it did yesterday, it
may be simply due to a stock split
SOUTHVEST AIRLS CO (
SOUTHWESTERN BELL CORP
STERLING CHEHICAL INC
TANDY CORP <
TEAM INC.
TEXACO INC <
WE WILL GLADLY PUBLISH YOUR CLUB NEWS.
JUST MAIL TO; P.O. BOX 1407, ALVIN, TX.-77512
inting
Mhotos
LUV
SBC
STX
TAN
TNI
TX
TXU
Full Line 01
Travel Trailers
& 5th Wheels
IBM * P
JNJ A P
COM
COR
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Vol-123,179.560
Description
ABBOTT LABS
AT&T CORP COM
ANOCO CORP
ARKLA INC
1,633,100 16:05
1,211,100 16:01
1,657,200 16:04
20,600 16:03
4,910,400 16:02
448,300 16100
271,100 16:00
2,296,300 16:02
1,775,400 16:02
1,692,000 16:03
206,100 16:01
596,000 16:01
506,200 15:57
680,700 16:01
270.800 16:00
334.300 16:01
1,471,700 16:00
788,300 16:00
470.700 16:00
1,374,000 16:01
823,900 16:01
707,600 16:02
508,400 16:01
93,800 16:01
1,800 15:53
714,100 15:56
818,900 16:02
10,400 16:02
635,400 16:01
437,000 16:01
2,381,200 16:04
TEXAS UTILS CO
TNP ENTERPRISES INC
UNION CARBIDE CORP
UNOCAL CORP
WAL MART STORES INC
KN
KR
NCD
LIT
NOB
NTC
NKE
OXY
*2
N
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JOHNSON A JOHNSON
K HART CORP
KROGER CO
MCDONALDS CORP
LITTON INDS INC
NOBIL CORP
NONSANTO CO
NIKE CLASS CL B
OCCIDENTAL PETE CORP
PHILLIPS PETE CO
SEARS ROEBUCK A CO
SOUTHERN CO
Change
♦ 3/8
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I
8
Stansi
Continued fr
byterian Chute
can Legion. I'v<
nine years to
better place I
JoDell and I It
I'm a Systems
Space Inform
the NASA S
gram and was I
for 28 years. F
first recipien
Shuttle "Asti
Achievement
IBM's "Outstar
Award."
My job re
thinking and
detailed probl
ments. I've de
to look at prot
spectives, to (
sight from kno
and to combin
determine the
brought these
process of city
Petru
Continued fr
I
Financial Focus
by Kelly F. Hayes
s,;
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-5/8
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CON
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lime in a moi
Precinct I C
Broaddus was
theft, tamperi
conduct charg
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- 62 1/4
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- 57 1/2
♦ 61 7/8
- 37 1/4
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- 56 3/4
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♦ 35 1/2
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. 53 7/8
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- 35
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♦ 27 7/8
♦ 25 3/4
The
Courtesy of taw
Two locations to serve you
At MM J areo:
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ESTABLISHED NEIGHBORHOOD IREDUCED! Fine home in the
heart of old Alvin's residential area. Lots of living area and extras
galore! Fireplace, paneling wood floors, landscaping, and Home
Warranty Plan. #454A._________
N
N
N
N
N
N
N
N
N
N
WHEELER'S
RV
the new earnings are $2.50 per.
share, multiply that by the average
P/E of 20 for the new target price
of $50 per share.
1
N
N
N
N
FREE towing
FREE estimates
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N
as municipal utility, junior college
and hospital districts).
"Homeowners may qualify for
various property tax exemptions
offered by taxing units on residence
homesteads,” Simmons said. In
Texas, a homestead is generally the
house and yard used as the owner's
principal residence. The pamphlet
lists and explains each exemption
and how to apply for it.
I
Five children)
of Manvel foi
All of our chi
of the Alvit
Three have nt
the University
and two are pi
the University
I am also
University ol
with a BBA in
Town
Continued fr
• Maybe ii
accept camp,
because if I c
own money I
running?
• Could it
served honest
keep this poi
district const
and secondly
Alvin. I've kc
city and any c
has made toil
• I've been
for 25 years,
a veteran. I t
because of y<
not because :
own, even the
goes toward
any other hon
Some want
tried to kee
Commerce
control
development
revitalization
area, and th
Alvin.
I just want
so that the ci
best knowlet
they vote. I'm
the "positive"
I don't see
rose-colored
liks it really i
is.
Could it b
questions I
someone em
been publicly
toolhonest,ar
watchdog fo
going to let
war chdog?
dhallengin
Presents Country Brothers Band
FRIDAY, APRIL 29 & SATURDAY, APRIL 30
_____FROM 9:00 PM TIL 1:30 AM______
SUNDAY, MAY 1 FROM 5 TO 7 PM
I
DWIGHT
RHODES
DISTRICT C
msosopotpom.+
E. Jp*—-I D KeP,
................................*_________________________________
UPTO*
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1921 N. Gordon
Business 35
331-8089
I
I
(HOUSE ST.) OR VOTE EARLY THROUGH MAY 3rd AT CITY HALL
" 1%
units, such as the county and city.
The chief appraiser pointed out
though that homeowners age 65 or ■
older do not need to re-apply for the h
exemption this year if they received '
the exemption and tax ceiling last ’
year. Only those who became 65
during 1993 and those who have
never had the exemption and tax
ceiling must apply in 1994.
to serve YOU:
Meadow
11753W. Betlfotl
498-2000
H Edyadaco:
STARK-PRESCOTT INC.
REAL ESTATE
331-3555
2670 BYPASS 35 SO. • ALVIN, TEXAS
NASA space
station plans
for 1997 are
on schedule
Plans for the International Space
Station are maturing rapidly and the
orbiting research facility is on track
for assembly to begin in 1997 as
scheduled, program managers said
today after completion of the
systemh design review.
"This was a major milestone for
the International Space Station,-
said Space Station Director Wilbur
Trafton. "The space station team
has just conducted a comprehensive
review of the requirements,
configuration and the maturity of
the station's technical definition.
We now have a solid baseline for
the program. We have an executable
schedule with costs that maintain
acceptable reserves within our
r A . 1 Auto Care
(TRANSMISSION CENTERS).
Volume Time
1,307.700 16:01
1,788,100 16:00
985.100 16:03
161.900 16:00
736.700 16:01
1.830.800 16:00
Jerri Vela
_______POSITION 2______
Manvel City Council
Saturday, May 7, 1994
PAID POL ADV. BY BILL VELA. TREAS.,
P.O. BOX 89, MANVEL. TEXAS
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Homeowners are also eligible for '
For example, all homeowners a $3,000 general exemption because"
may file for a $5,000 general the county levies a tax for farm-to-.(
exemption from their principal market roads or flood control. **
home's value for school taxes. In Simmons added that any taxing
addition, certain disabled unit may offer a local-option
i i i -I i '
___
EDJ 04/28/94 13103 (N0922)
Research ant
state's middle s
Texas in the
innovator :
meaningful pre
learning and ret
young teen-age
Last month, I
of Justice sin
Middle School
program to
prevention ol
youth at risk."
a select group
shares re searc
successful prac
programs w
educators at ot
; The Departr
include the mic
in its resource
practices that I
ip the classro
General Janet
Precinct
1 10 FREE Wings
OntCoiony | ezvalue
vssvotexington BldI w/the purchased med. Supreme
FREEPORT MCMORAN OIL A GAS ROYALTY FNR N
, ( 3 ' 3
ALVIN NEEDS...
A Conscientious, Intelligent, Trustworthy,
Level-headed Person on City Council,
'l That Person IS
poeccmwNn
•22 - -A
homeowners and those aged 65 or exemption that allows a percentage
older may qualify for an additional reduction in each residence
$10,000 exemption from the value homestead s appraised value,
of their homes.
"A tax freeze, or ceiling, for Taxing units offering the.
school taxes is a benefit for percentage exemption and the
homeowners who were 65 or older percentage they offer are Brazoria 1
on January 1 of this year," County 20 percent, R&B Fund' ’
Simmons said. Special 20 percent, Brazosport ISD '1
"In other words, an elderly 10 percent. Sweeny ISD 20 percent,
homeowner's taxes that pay for Columbia-Brazoria ISD 20 percent, .
public schools cannot increase Sweeny Community Hospital
above the total school tax amount District 20 percent. Angleton- "1
on that home in the first year that Danbury Hospital District 20
the homeowner receives the over-65 percent. Angleton Drainage 20 1
homeowner exemption," Simmons percent, Velasco Drainage 20
continued. "But, it may increase if percent, Brazoria County C & R #3
the homeowner makes any 20 percent, Brazoria County
improvement or addition to the Drainage District #4 20 percent,
house, such as a pool or patio. Iowa Colony Drainage 20 percent, 2,
The law provides an additional Danbury Drainage 20 percent,
school tax benefit for certain Brazosport College District 20
homeowners. If the surviving percent, Clute City 20 percent,
, . Freeport City 20 percent, and ;
spouse of an over-65 homeowner is Oyster Creek 20 percent. >
at least 55 years old at the time of 1
the older spouse's death, then he or The pamphlet also describes other ‘ 4
she can keep the tax ceiling. exemptions available, such as those
The tax ceiling, however, does for disabled veterans, other disabled -''
not apply to taxes for other taxing persons and senior citizens.
TP • »
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Jack Simmons, chief appraiser
for the Brazoria County Appraisal
District, offers property owners a
1994 pamphlet called Texas
Property Taxes: Taxpayers' Rights,
Remedies & Responsibilities to
help them save on their property
taxes.
Published by the State
Comptroller's Office in Austin, the
"Remedies" pamphlet explains how
the property tax system in Texas
works and offers ways for possible
tax savings.
Simmons noted that the
pamphlet applies to property taxes
collected by all types of taxing
units: counties, cities, school
districts and special districts (such
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When a stock splits, does that
make it a good buy? A stock may
look like a real bargain after a split,
but in effect, very little has
changed.
For example, a stock selling al
$100 a share announces a two-for-
one split, and the shares sell at $50
after the split. This can be
compared to exchanging a dollar
bill for iwo half dollars. You still
have the same total amount, but
you have two pieces of currency
instead of one.
Why do companies split their
stock? One reason is to make the
stock affordable to more investors.
Stocks on the major exchanges arc
traded in round lots of 100 shares.
Investors may be willing to invest
$5,000 than $10,000. The stock
isn't necessarily a better value, it's
just available al a more affordable
budget cap.” price. The company hopes there
A major milestone in the space will be more buyers at the lower
station program, the system design price. .
review (SDR), included participants Another reason a company may
from NASA, the Canadian Space decide to split its stock is to give
Agency, the European Space the public a message that the
Agency, the Italian Space Agency, company is doing well. The
the Japanese Space Agency, the implication is that the company is
Russian Space Agency, the prime reducing the price of the stock
contractor Boeing and Tier I because its price to continue
subcontractors Rocketdyne and moving up. Often, this is what
McDonnell Douglas. happens. However, it is not the
Managers reviewed and evaluated direct result of the split but rather
the overall configuration, technical the performance of the company,
requiremenis and detailed So, when a stock "always splits al
specifications for the space station 50." for example, that is because
during the meeting which concluded the company's growth merits it, not
Wednesday at the Johnson Space because 50 is the magic number. splits, the P/E does not change.
Center. a better way to judge a stock's A stock s price and earnings in
value is to look at its price-to relation to splits can best be
earnings (P/E) ratio. For example, a described with the following
$50 stock earning $5 per share has example: If the average P/E of a
a P/E of 10 (50/5=10). If the stock stock is 20, and the earnings are $5
is split in half, the $25 shares earn per share, the target price of the
$2.50 per share, and the P/E is still stock is $100 per share (20x5=100).
10 (25/2.50=10). When a stock If the stock splits two-for-one, and
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ALGOA • 585-2501
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Schwind, Jim & Kramer, Mark. Alvin Sun-Advertiser (Alvin, Tex.), Vol. 103, No. 100, Ed. 1 Sunday, May 1, 1994, newspaper, May 1, 1994; Alvin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1561727/m1/8/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Alvin Community College.