European Stars And Stripes (Newspaper) - January 9, 1987, Darmstadt, Hesse                                Page b the stars and stripes Friday january 9. 1987 Germany France move to bolster franc Bonn not Germany and France acted wednesday to support the Bill Rcd franc. The German appear to be trying la slave Oil an upward valuation of the Mark until air their National election Jan. 25. The French according to unconfirmed reports sold Marks Worth about j2 Bil lion wednesday. Putting that Supply into the Market was mean i to absorb demand relieving upward pressure on the Mark and downward pressure on the franc. Officials said the German Federal Bank and the French Central Bank also bought francs to keep the French currency from falling below limits set by the s european monetary system which link members currencies. Remained unclear whether the intervention in the foreign a change  with talking up the franc would have the desired Al acc of holding off a formal revaluation of the German cur Rency. By the. End of the trading Day the franc had declined. In new York the closing quote was 6.426 5 francs to the Dollar compared with 6,3875 on tues Day two Gentian officials. Finance min ister Gerhard Stollon Borg and economics minister Martin Bangemann said they saw no need Tor a Mark revaluation. Him France s finance minister  Balladur said in a radio interview wednesday. It is not the franc that i unhealthy it is the Mark Hill is Loo healthy  old a Cabinet session monetary officials of both countries were in close  the Mark has been bolstered by investors expecting continued weakness of the Dollar which has come under pressure from discouraging . Economic figure Sand political uncertainties surrounding the Reagan administration. Germany has been under heavy pres sure from other european countries notably France to Reva Luale he Mark. French officials say its buoyancy is Caus ing a crisis among european currencies. Bui German officials Are reluctant to strengthen the Mark because thai would raise the Price of German goods sold abroad. Germany already has been hard hit by the weakness of the Dollar which has dropped 35 percent in relation to the Mark in the last 15 months virtually forcing some German products Oul of the . Market a Mark revaluation also would be Dis tasteful to Germany just before the elections since it would alienate some voter groups such As Farmers whose products would become less competitive abroad. African students bundled Ign rat the cold March past police Grant during protest is pelting to univ. 200 stud ends in peking March to protest letter slurring blocks peking a More than 200 students mostly africans staged a noisy 12-mile March through peking thursday to protest a letter containing racial slurs and demand thai chinese officials guarantee their safely hundreds of police followed the marchers shouting through megaphones that the students should under stand the consequences of their action. However no arrests or clashes were reported. School officials and the All China students federation also tried to dissuade the students from marching and read them a recently announced set of regulation Banning Street protests Ilion is the Altce Parish in this Northern italian town near Turin Drew hundreds of he 7,000 people he has baptized in 62 years As Parish priest. Berardo is expected to be received by Pope John Paul ii in a special Vatican audience later this month according to Parish officials. . Announces India to buy 11 Jet engines new Delhi India