European Stars And Stripes (Newspaper) - March 24, 1985, Darmstadt, Hesse                                March 1085 the stars and stripes Page 19 business news which direction will the Buck Bounce next economists fear repercussions of a fall by Steven Rosenblum new York a the american dollars dra Matic Retreat from Al time highs is raising both Hopes and fears in economic a gradual descent of the Dollar could provide a Long awaited shot in the Arm to depressed manufacturing industries that have been unable to match prices of foreign competitors because of the dollars if the dollars Retreat turns into a rout on foreign Exchange the United states can Brace for rising interest rates and worsening analysts several insisted it was too Early to be preparing to Bury the Dollar and predicted it was merely pausing on a course that would Lead to new re cords before years trading was nervous and volatile in world foreign currency markets this but the Dollar regained some of the ground it lost when it sustained its steepest on Day loss in at least 14 that drop brought the dollars loss to percent since when it reached an Al time High against the currencies of 10 other Industrial As measured by the Federal Reserve boards even with the recent the Dollar still is about 3 percent higher than when the year began and is up More than 80 per cent since the Start of the what has analysts worried is the Prospect that the slump of the past three weeks represents a major turn against the something forecasters have been in correctly predicting with regularity the past three the biggest fear people Are living with is a Sharp and uncontrolled decline that would Lead to chaos in International Trade and said Sandra she is a digest self imposed Export fim ifs Sef by japanese automakers Tokyo a japanese automakers plan to refrain from a Sharp increase in Auto exports to the United states by setting an Export limit of their own from april 1 when restraints Are a japanese daily newspaper the nationally circulated Asahi Shimun said japans automakers have agreed that their exports will not exceed a total of million a a 13percent increase from the million level set under the Foury Earold restraint for the fiscal year ending March neither government authorities nor major automakers would verify the but admitted that various plans were under discussion to avoid a torrential Export Offen japans 1984 Auto exports to the United states accounted for an estimated or More than 40 percent of the billion Trade deficit with president Reagan announced on March 1 that he would not ask Japan to continue restraints for a fifth Japan kept car exports to an annual million for three years until March 1984 to provide manufacturers time to rebuild their declining the figure was increased to million for the fourth the Asahi report said the ministry of International Trade and Industry has decided to let the automakers voluntarily restrain their shipments and see How the pro Cess works Orange lightning distillery under construction in Brazil Sao Brazil a Citro Suco Bra zils second largest producer of Orange said it is building the country first  distil the alcohol will be used As fuel for automobiles and a company who spoke on condition of Ano said the million distillery will begin operating in june or july with a daily production capacity of the distillery is being built near Citron cos Headquarters in the City of about 190 Miles Northwest or Sao the alcohol will be distilled from the sugar contained in the residue left Over after the oranges arc crushed to pro Duce juice Brazil is the worlds largest producer and exporter of Orange senior economist at Chase a private consulting firm in David chief economist at Kemper financial services an investment firm in said a sustained Sharp fall by the Dollar would risk a general crisis in Confidence in economic within nine he interest rates would Rise Between one and three percentage Points and inflation would be rising at a More rapid Paul the chairman of the Federal Reserve has repeatedly warned Congress that huge Bud get and Trade deficits Are making the United states More and More dependent upon foreign a return to the double digit inflation of the when the Dollar was at its Low is a major a Strong Dollar has helped curb the growth in inflation by making imported goods bargains to inflation was further slowed As Domestic faced with greater Competition from were forced to hold the line on Price but if the Dollar prices of imported goods will Rise and Domestic goods Are Likely to expectations of increased inflation Lead investors and Banks to demand a higher interest rate on their whats if foreign investors begin Selling their holdings of government it will take higher interest rates to attract financing for the huge Federal budget the analysts the reduced Pool of capital available for investments might shut out marginal private businesses from borrowing another risk is that if the Dollar the Federal Reserve May move strongly against the threat of a Resur gence in inflation by making credit something economists said could push the country into another re while analysts said such dangers represent legitimate most believe the Dollar is not in a prolonged record Trade deficit foreign Trade plunged to a record Mon in 1984 Jade Booster seeks fhe Long Green by Scott Farris up the semiprecious Stone most valued in the far could become the basis for a thriving Industry in the american a Wyoming Jade prospector and Artisan Jay owner of Sundberg Jade employed 30 people in his jewelry manufacturing Enterprise just 10 years but today his operation caters mainly to tourists and is run by Only his wife and some Par time to be Frank with our business has been destroyed by the Sundberg but the Man who came to Wyoming As a uranium prospector in the 1950s does not believe Jade is a dead he is seeking entrepreneurs to invest or More to revitalize Wyoming Jade Wyoming Jade is of very High Quality and is desired in All parts of the Sundberg i think there is a lot of Opportunity in it is the native Stone of i think we should capitalize on it Cynthia the states International business of said she has talked with Sundberg and plans to visit Taiwan and perhaps Hong Kong and Singapore later this Spring to promote Jade and other Wyoming the highest Quality is used for High Grade jewelry and other decorative including chess knife handles and Golf in the 1960s and Sundberg said his operation exported More than 100 tons of Jade per year to Europe and but Sundberg said a Strong Dollar has limited while most of the states known Jade deposits were mined the major manufacturer of Jade jewelry in the then turned to Canada to buy Lowe Quality Sundberg said one Way to revitalize the Industry is to have Wyoming develop a jewelry manufacturing Indus try to compete with the Lowe Quality taiwanese prod and that is Why he is seeking Wyoming Jade is like an you can Hammer on Sundberg noting that a Pound of Applegreen Jade is Worth about but it can be Cut into about Worth of jewelry Sundberg said the semiprecious Stone cutting business could Cater to Wyoming Large tourist Industry and gems could be John head of the Mineral division of Wyom Ings department of economic planning and devel said no one has yet approached his organization for possible state financing to develop the states precious and semiprecious Stone and Metal although state financing is probably although he doubts Gem mining will Ever be a major Industry like Coal and Goodier said the slate is inter ested in helping create even a Small number of faxes Fiuri oilman says Houston up Oil and Gas Industry leaders last week blamed Low state and Federal taxation and increasing foreign imports for the generally poor health of their Mesa Petroleum chairman Boone Pickens said at the Texas Railroad commissions annual state of the Industry meeting that Low prices make exploration economically and in depletes american reserves and makes the country More dependent on foreign the Outlook for the Industry is dependent on Good prospects and stable Pickens the prospects Are not there and the prices Are i think the worst we can do As an Industry is go around kidding the sooner we face the the sooner we can get around to adjusting to the several Industry leaders told the commission proposed new state and Federal taxes could result in Lon term and would hit the Oil and Gas business at a time when it already is i am appalled when i see tax proposals that would reduce Industry Cash flow by billion to billion Between 1986 and said a vice presi Dent of Amoco production additional tax burdens could so depress exploration and development drilling that the total taxes collected by fed eral and state governments actually could decrease Over said Roland president of Texaco Routhier also said growing Oil and Gas imports could strangle the Domestic refining since at least 130 refineries have been closed in the United states because production costs outweigh Sale with Access to crude Oil supplies at extremely Low these foreign refineries enjoy a tremendous competitive advantage Over he if this trend the United which today has the most modern and most sophisticated refining sys tem in the May find itself with a dismantled system and dependent on production this May have National Security implications especially in Light of our crude Oil based strategic Petroleum