LEAD: A judge in Manhattan, in a ruling that ended a week-long debate over who would have the right to bury Elizabeth Steinberg, ruled early this morning that a 26-year-old Long Island woman was the natural mother and could claim the body of the child.

Court Recognizes L.I. Woman As Mother of Slain 6-Year-Old

LEAD: Stock prices eroded on Wall Street yesterday amid concern that a falling dollar would drive away foreign investors.

Dow Off 22.05 on Dollar Fears

LEAD: The first strong evidence of a large object orbiting a star other than the Sun was reported yesterday by American astronomers. They said the object, hotter, brighter and more massive than Jupiter, was most likely the first discovery of a brown dwarf, one of a type of hypothesized celestial objects that are intermediate between a planet and a star.

ORBITING OBJECT HINTS AT OTHER PLANET SYSTEMS

LEAD: The nation's fourth-largest law firm, Finley, Kumble, Wagner, Underberg, Manley, Myerson & Casey, long rocked by internal rivalries and increasingly concerned about mounting debts, is about to undergo a dramatic reorganization, if not a total dissolution, according to lawyers in the firm.

Finley, Kumble, Major Law Firm, Facing Revamping or Dissolution

LEAD: The owner of the 7-Eleven chain, the Southland Corporation, said today that it could not proceed with its plan to become a private company because of the unreceptive climate for high-risk bonds.

Southland Buyout Hits Snag

LEAD: The New York City Transit Authority is readying plans for a new generation of subway cars that officials say would have wider seats and smoother rides and be brighter, lighter and substantially cheaper to run.

A Sweepstakes for Brighter, Lighter and Cheaper Subway Cars

LEAD: WHEN Faye Levy went to France in 1976, she figured she would stay for six weeks - just long enough to take a course at La Varenne, the newly opened cooking school that had been recommended to her by Julia Child.

From One Cookbook, an Expert Chef Was Made

LEAD: Despite the turmoil in its stock and currency markets, Japan's economy is continuing to rebound from nearly two years of sluggish growth caused by the soaring yen. But economists have begun to worry that the dollar's rapid fall against the yen in recent days could slow the robust recovery.

Japan's Unusual Recovery

LEAD:  NEW YORK  Parade: Begins at 9 A.M. at 39th Street and Fifth Avenue, heads south to 24th Street and ends about noon.  Parking: Alternate-side parking suspended.  Sanitation: No collection or street cleaning.  Government offices: Federal, state and municipal offices closed.  Post offices: Open at 90 Church Street, 909 Third Avenue, Grand Central Terminal, 610 Fifth Avenue, and 33d Street and 8th Avenue.

Veterans Day

LEAD: President Daniel Ortega Saavedra of Nicaragua said today that if President Reagan agreed to receive him he would consent to the presence of rebel leaders at the meeting.

ORTEGA PROPOSES TALK WITH REAGAN AND THE CONTRAS

LEAD: Just about the saddest thing an old good-hearted New York liberal could imagine doing would be taking a stance against the homeless, which is what about 800 of them have done down on the Lower East Side, or the East Village, or the Bowery, depending on the cartographer who is doing the talking (the boundaries in this case are Houston to 14th Streets and Broadway to the East

About New York; Where Liberals Feel Under Siege From Homeless

INSIDE

LEAD: President Reagan said today that he did not ''want a further decline'' of the dollar, but beyond the President's remarks the Administration did nothing in the markets to stabilize it.

Reagan Wants Dollar to Halt Fall, But U.S. Doesn't Take Any Action

LEAD: NEW JERSEY has spawned a number of supermarket chains but when it comes to innovation in marketing and a reputation for quality and service, Kings Super Markets, a 16-store chain, is often ahead of the pack.

Even Rivals Agree, Kings Sets Pace In Food Marketing

LEAD: Hundreds of employees went on strike at the New York Stock Exchange yesterday, seeking improved pension benefits.

Exchange Employees Begin Strike

LEAD: For a brief time two years ago, Reggie Brown, known as Gizmo to his friends, emerged from the ranks of the anonymous young homeless to enjoy an unlikely celebrity. His tragic odyssey through the foster-care system had cast him as a plaintiff in a lawsuit that held out the promise for sweeping changes in what happens to children after they become too old for foster care.

The Short Life of a Former Foster Child

LEAD: IN coming months, there will be a new and potentially influential factor to deal with on the issue of child-support payments: a set of numerical formulas to spell out for courts around the nation how much money is to be allocated to children.

State Guidelines Try to Bring Equity To Child Support

LEAD: Shearson Lehman Brothers Holdings Inc. said yesterday that it had suffered after-tax losses of $70 million in October, becoming the latest securities firm to disclose the extent of its losses from the recent market turmoil.

Shearson Reports Loss Of $70 Million in October

BUSINESS DIGEST: WEDNESDAY, NOVEMBER 11, 1987

LEAD: When Mayor Koch began an effort to hospitalize mentally ill homeless people against their will last month, he called it the ''single most important program'' of his administration. Instead of clarifying the issue, the case of Joyce Brown - the first person picked up under the program aimed at treating homeless people who cannot care for themselves - has sharpened the debate over how government should care for the homeless.

Case Raises Questions In Homless Roundup

LEAD: FROM neighborhood pizza parlors to big brassy dinner clubs, Italian restaurants have been among America's favorite dining-out choices throughout much of this century. But the very words ''Italian restaurant'' have meant different things at different times to different people. The most recent change is producing some of the most interesting and exciting eating places in years.

Italian Chefs Come to U.S. Bearing Regions' Bounty

LEAD: New York City police officials, seeking to equip the department with something more powerful than a nightstick but less deadly than a gun, have chosen five devices to be used in dangerous situations.

RESTRAINT DEVICES CHOSEN BY POLICE

LEAD: Mikhail S. Gorbachev may extend his American visit next month by a few days to see more of the nation and the public, a senior Soviet official said today.

Moscow Hints At Longer Visit By Gorbachev

LEAD: The faded photographs of the old southern Russian estate, rendered three-dimensional by an antique stereoscope, flipped soundlessly around the cylinder. Princess Yekaterina A. Meshcherskaya was taking another tour of her childhood in the time of the czars.

From the Czars to Glasnost, A Russian Princess Endures

LEAD: White House and Congressional negotiators are near agreement on an outline of a plan to reduce the deficit by $25 billion to $30 billion, several officials involved in the budget talks said today.

NEW TALKS TODAY

Vincent J. Guadagnino is an American reality television personality, best known for being a cast member on MTV's Jersey Shore.

Vinny Guadagnino, American actor

Vinny_Guadagnino

Chanelle Jade Hayes is an English television personality, model, singer and businesswoman. She was a student at NEW College, Pontefract, West Yorkshire, studying Spanish, music and English before becoming well known by appearing on the Channel 4 reality series Big Brother in 2007, when she was 19. She currently runs a cake making business in Wakefield, along with performing occasional media work.

November 11, 1987

Headlines from November 11, 1987

Court Recognizes L.I. Woman As Mother of Slain 6-Year-Old

Dow Off 22.05 on Dollar Fears

ORBITING OBJECT HINTS AT OTHER PLANET SYSTEMS

Finley, Kumble, Major Law Firm, Facing Revamping or Dissolution

Southland Buyout Hits Snag

Billboard 200

Dirty Dancing

Tunnel Of Love

Bad

Whitesnake

A Momentary Lapse Of Reason

Notable Births

Historical Context for November 11, 1987