European Stars And Stripes (Newspaper) - August 18, 1985, Darmstadt, Hesse                                August 1985 the stars and stripes Page 19 business Krugerrand were in trouble before ban new York a sales of the the South african Gold were in trouble even before the United states largest Money trader decided to Stop Selling the dealers and Industry observers Dea Perera has suspended Krugerrand the move came pending the Resolution of proposals currently before Congress to restrict the importation of the Kruger said Leslie president of the in recent several of Dea Pereras offices have been the target of demonstrators protesting the apartheid segregation system of South Africa White minority govern the company has about 50 offices in North the House of representatives has passed a Bill to limit investment in South Africa and ban the importation of and the measure is scheduled for a Senate vote next while All this has been going another Gold Coin the Canadian Maple Leaf took Over the Krugerrand longstanding 1 place in the United about three years Krugerrand outsold Maple Leafs by about a 9to1 said Luis senior vice president of Tordella and Brookes a currency that moved to 7to3 last this year it rapidly went Down to and today id say it is 73 for the Maple he people Are looking for anything else but Vigdor he said the coins were Selling at about or just More than Gold a Price near up photo Royal Canadian mint employee inspects Maple coca Ofa admits mistake its Al american clothes we rent a coca cola officials have pleaded ignorance about the depressed state of the textile Industry and said they will change their ways after learning that Coke clothes marketed As Al american were the line of coca cola clothes put on Sale at two Charlotte department stores actually were sewn in Taiwan and Hong raising the ire of textile who booted Coke machines from their we made a mistake in not being aware of textile manufacturing in the United Coke executive vice president Ira Herbert said in a news conference after meeting with angry North Carolina textile we obviously were but we Are learning we intend to do All we can to move Coke clothes into All of the clothes Are being marketed by Murjani International of new York City under a retail licensing agreement with coca cola we were not involved in the distribution or manufacturing of the coca cola assistant vice president Carlton Curtis said in an interview from Atlan Curtis said Murjani was responsible for the marketing of the but even Murjani didst do these the ail american ads were done at the local retail the stores apparently were using the Al american image of he it was just an innocent Deal on their part As John beam of Mcbess which has five textile plants near Bessemer said his company would see what happens before putting Coke vending machines Back into its in a letter to Roger Gant of Glen Raven Mills said i once had a dog who bit my hand when i fed him and now it seems As if your company is doing the same to my i got rid of the dog and we will get rid of coca cola company in our plants if it continues to bite our Glen Raven has employees in 10 Gant Herbert met with about 50 textile executives at the yarn spinners association office in thousands of textile workers have been Laid off because of Competition from cheaper imported textiles and the meeting was arranged by Marvin president of a Charlott based bottling company that has the Coke franchise in the areas of North and South Carolina and Southern Virginia where the textile and apparel industries employ nearly a Hal million Griffin said three companies already had ordered Coke machines removed from their other manufacturers Are threatening the Herbert said coca cola could not do anything about existing clothes because Coke Doest own the com Pany entered a three year licensing agreement with Mur Jani that gives Coke 9 percent on investors guide by William Doyle a Friend of mine is giving me the hard sell to buy term life which is far less expensive than whole life he urges me to invest the Money saved on insurance premiums in Mutual which he also the figures and graphs he shows me Deal with astronomical amounts of Money that he says i could a cum this seems too Good to be can i believe the literature my Friend has Given me if that literature shows the results of investing Over some past period of time in a specific Mutual in that the figures will be even though the securities and Exchange commission has relaxed its rules on Mutual fund sales no fund can Cook the books with numbers that but you had better be aware that a Mutual funds past performance is no Assurance of its future except for Money Market Mutual the values of All other Mutual funds can move up or just because a particular fund has done Well in the youre not guaranteed it will be a successful investment in the some Mutual fund sales organizations Are play ing fast and Loose with sales instead of print ing the investment results of specific they show the past performance or unnamed dont fall for that this column has always favored the buy term and invest the rest theory of protecting your beneficiaries with Low Cost term insurance and embarking on a steady program of putting the Money saved into Good invest Over the most Mutual funds have been excellent in i go along with your if he tries to put you into a Mutual fund contractual my firm advice is to no in a contractual up to half of your first years investment goes to pay the Mutual fund shares purchased with that bite would have to double in value for you to get if you make your Mutual fund investments through your Tell him you want to do it through a voluntary accumulation so that percent commis Sion is taken out of the Money you pay of you could avoid commissions entirely by investing in one of the Many no Load Mutual but your Friend Doest sell c King features the Cost of the Gold Content alone indicates the demand for the coins is Charles editor of the new Yor based greens commodity Market said the trend had been running in the Maple Leafs favor for a number of he said Krugger ands declined in sales to ounces in april and ounces in May from an average monthly level of ounces to ounces a year later figures Are not Stahl because South Africa stopped providing monthly reports on the number of Krugerrand minted and digest German Bank panel Lowers country prime interest rates Frankfurt up West Germany Bundesbank Central Bank Council has trimmed half a percentage Point from both the country prime interest rates in a move that should stimulate the the decision to ease Domestic credit terms also Narrows the Gap Between interest rates denominated in Marks and those in making the Dollar a bit More attractive compared with the West German currency on the worlds foreign the Bundesbank at the conclusion of its fort nightly told reporters it had lowered the West German discount rate to 4 percent from percent and the Lombard rate to percent from 6 Turner broadcasting reports losses for second Quarter Atlanta a Turner broadcasting system has reported that it lost or 31 cents per on revenues of million for the Quarter that ended june the Atlan abased Cable system blamed its second Quarter losses on expenses incurred during its attempt to take Over lbs including million for Legal serv ices and related for the second Quarter of the company posted a profit of or 40 cents per on revenues of for the first six months of this Tbs posted a net loss of or 34 cents per share on revenues of japanese Tanker firm files petition for bankruptcy Tokyo a the worlds largest Tanker Sanko steamship has requested court Protection from its to whom it owes an estimated billion in this is japans largest request for Protection on record and could shake the stability of the shipping Industry worldwide and the Security of Santos employees unless the government Steps in and helps with its re said All Japan Seamans Union spokesman Ryutaro under the corporate rehabilitation Law the Kobe District 272 Miles Southwest of is expected to safeguard Santos assets of million and appoint a receiver to negotiate its reconstruction with three key new York grape Farmers face disastrous Market in fall Penn not new Yorks grape farm already Hurt by prices that have fallen steadily since face disastrous Market conditions this according to Industry the Taylor wine the major buyer of wine grapes in new has announced that it would Cut its purchases of the grape Farmers in new More than 400 sell to with dozens of Farmers already out of grape growers in the Finger lakes Region now talk of auction As scores More Lack markets for the fall this is the worst time since said James president of the new York wine there could be As Many 150 or 200 Farmers that would go