LEAD: An environment of generally steady, low interest rates proved fertile for securities underwriters in the first quarter, and the volume of bonds and stock issued by corporations soared to a record.

SECURITIES ISSUES SET A RECORD

LEAD: Families with incomes significantly higher than originally announced will be eligible for apartments under the first phase of the Koch administration's 10-year plan to renovate abandoned, city-owned housing.

CITY INCREASES INCOME LIMITS IN RENTAL PLAN

LEAD: The single most important step in improving race relations in the New York City area is greater participation by blacks in the political process at the grass-roots level, according to a wide range of politicians, city officials and political experts.

BLACKS AND POLITICAL POWER: THE KEY TO EASING TENSON

LEAD: Three major banking companies said today that their loans to Brazil would be placed on nonaccrual status, actions that would reduce their net income for 1987 by tens of millions of dollars.

3 BANKS RECLASSIFY BRAZIL DEBT

LEAD: Mikhail S. Gorbachev's wife, Raisa, and her Western wardrobe are the subjects of a critical underground video, according to Muscovites who have seen the film.

RAISA GORBACHEV IS THE TARGET OF A CLANDESTINE SOVIET VIDEO

LEAD: KIRK DOUGLAS isn't at all sure he likes the idea of a tribute. ''Tributes make it sound like the end of the line, and you know how I feel about the end of the line,'' he complained, shifting restlessly in his chair as if it were a straitjacket he wanted to burst out of and looking more like the undefeated wrestling champion he used to be than the septuagenarian he is now.

FATHER AND SONS: A MOVIE DYNASTY

LEAD: Israeli officials said today that Israel and the Soviet Union had agreed to exchange visits by consular officials, in a move that could lead to an informal resumption of quasi-diplomatic relations.

ISRAELIS SAY RUSSIANS HAVE AGREED ON EXCHANGE OF CONSULAR TEAMS

LEAD: The Senate failed today by the narrowest possible margin to override President Reagan's veto of the $87.9 billion highway bill. But the Democratic leadership, refusing to concede defeat, moved immediately to force a second vote, and the one Democrat who actually voted to sustain the veto announced he had changed his mind.

SENATE, FOR NOW, UPHOLDS THE VETO OF ROADS MEASURE

LEAD: ''We used to be a sleeping giant - big in numbers but sleeping like a hibernating bear,'' said Cyril F. Brickfield, the 68-year-old executive director of the American Association of Retired Persons. ''But now the bear is awake.'' Indeed, the nonprofit colossus, with its 24 million members and $5 membership fee, has adopted an active new stance in a time of prodigious expansion.

AS NATION GRAYS, A MIGHTY ADVOCATE FLEXES ITS MUSCLES

LEAD: Administration officials said today that security in the United States Embassy in Moscow might have been so compromised that Secretary of State George P. Shultz might not be able to hold conversations safe from eavesdropping inside the building when he visits the Soviet Union on April 13.

U.S. FEARS SOVIET MAY SPY ON SHULTZ ON EMBASSY VISIT

LEAD: The ruling in the Baby M case prompted strong reactions yesterday from advocates and opponents of surrogate motherhood, who said the decision had hardened their attitudes on the legal, ethical and moral questions.

VIEWS ON SURROGACY HARDEN AFTER BABY M RULING

LEAD: In the aftermath of the secret arms sales to Iran, the Reagan Administration has turned down a request from Iraq for American-built C-130 cargo planes and artillery radar, according to American officials.

U.S. REJECTS REQUEST BY IRAQ FOR C-130S'S BUT STILL SENDS DATA

LEAD: Companies  Three major banks will reclassify loans to Brazil. BankAmerica, J. P. Morgan and Manufacturers said they would account for the loans when interest payments are received, rather than on an accrual basis. The actions came six weeks after Brazil stopped interest payments on the debt. The move will cost BankAmerica $40 million in first-quarter net income, while Morgan will lose $20 million and Manufacturers $18 million.

BUSINESS DIGEST: THURSDAY, APRIL 2, 1987

LEAD: Stanley Simon, who resigned as Bronx Borough President three weeks ago amid a swirl of corruption allegations, was indicted yesterday and accused of extorting more than $50,000, as well as a job for his brother-in-law, from a Bronx military contractor.

SIMON, EX-BRONX LEADER, INDICTED IN EXTORTION OF DEFENSE CONTRACTOR

INSIDE

LEAD: A Federal appeals court ruled yesterday that a 67-year-old Long Island man could be deported immediately to face the death penalty as a war criminal in the Soviet Union.

DEPORTATION OF L.I. MAN IS APPROVED

LEAD: THERE is a school of interior design that advocates the bold signature: immediately identifiable rooms by a designer who impresses a style on the client. Another school favors a more flexible approach that expresses the client's personality and fulfills his or her practical needs.

HOW ONE DESIGN STYLE WORKS FOR TWO CLIENTS

LEAD: The rise in the prime rate this week has raised alarm that interest rates have finally bottomed out and now are edging higher.

SLOW RISE IN BORROWING COSTS SEEN

LEAD: In a market that has hurtled many stocks to breathtaking new heights, there were some notable losers. A company that says it was the victim of industrial sabotage, one that dismissed more than a third of its directors to save money and a start-up company marketing a guilt-free, low-calorie dessert called the ''trufflet'' were among the stocks that fared the worst in the first quarter of 1987.

ON WALL ST. IT WAS MOSTLY UP

LEAD: Dwight Gooden, the 22-year-old pitching star of the Mets, was placed on the disabled list today after testing positive for cocaine use. He will undergo treatment for perhaps two months, with the date of his return in doubt.

GOODEN AGREES TO TREATMENT AFTER TEST SHOWS COCAINE USE

LEAD: Lee H. Henkel Jr., a member of the Federal Home Loan Bank Board, resigned today amid allegations that he may have violated Federal laws.

THRIFT UNITS' REGULATOR, UNDER INQUIRY, RESIGNS

LEAD: There are no curtains on the windows of Barbara Jiggett's 20th-floor apartment in Far Rockaway, Queens. There are no lights in the bedroom shared by her 7- and 8-year-old daughters and only one in the living room where Ms. Jiggett sleeps (her 4-year-old son has the other bedroom). She has a television set and a terrace but no phone and only three kitchen chairs, which makes it difficult to join her three children at the table for meals.

Metro Matters; New York City On $13 a Day: A Welfare Tale

LEAD: Christopher Scott Gill, a city parks worker, turned an automobile part over in his hands yesterday as he stood on a steep ridge of High Bridge Park in northern Manhattan.

RECLAIMING A PARK FROM 'CHOP SHOPS'

LEAD: As Humana, the Hospital Corporation of America and other private companies have taken over hundreds of the nation's hospitals, doctors and public policy experts have worried about the impact on the health care system. The pressure to earn money for shareholders, they have feared, would lead to less care for the indigent, less research and less commitment to high-quality health care.

NONPROFIT HOSPITALS ASSAILED

LEAD: The House Banking Committee voted today to raise $5 billion over the next two years to help the ailing Federal Savings and Loan Insurance Corporation, which Government auditors say is technically insolvent.

HOUSE PANEL BACKS $5 BILLION RESCUE OF F.S.L.I.C.

Pablo César Aguilar Benítez is a Paraguayan professional footballer who plays as a centre-back who plays for Sportivo Luqueño.

Pablo Aguilar, Paraguayan footballer

Pablo_Aguilar_(footballer,_born_1987)

Shane Lowry is an Irish professional golfer who plays on the European Tour and the PGA Tour. His notable achievements include winning the 2019 Open Championship, the Irish Open as an amateur in 2009 and the 2015 WGC-Bridgestone Invitational.

Shane Lowry, Irish Professional Golfer, winner of the 2019 Open Championship and European Team Member for the 2021 and 2023 Ryder Cups

Shane_Lowry

Bernard "Buddy" Rich was an American jazz drummer, songwriter, conductor, and bandleader. He is considered one of the most influential drummers of all time.

April 2, 1987

Headlines from April 2, 1987

SECURITIES ISSUES SET A RECORD

CITY INCREASES INCOME LIMITS IN RENTAL PLAN

BLACKS AND POLITICAL POWER: THE KEY TO EASING TENSON

3 BANKS RECLASSIFY BRAZIL DEBT

RAISA GORBACHEV IS THE TARGET OF A CLANDESTINE SOVIET VIDEO

Billboard 200

Licensed To Ill

Slippery When Wet

Graceland

The Way It Is

Control

Notable Births

Notable Deaths

Historical Context for April 2, 1987