European Stars And Stripes (Newspaper) - February 26, 1987, Darmstadt, Hesse Thursday. February 26, 1987 the stars and stripes pig 3 3 Dollar s plunge hurting German merchants from Page 1 american business has dropped h half even though the store exchanges dollars at a ran higher than Hanks. Many tils Exchange their dollars at downtown shops hut there s no guarantee they la gel a belter Rule. A Ben s i an shop where Brigitte a Merich runs the show they Don i. We give less the in hit Hank because we Don t want Lolow by to Lime we gel to the Escrich said her place of Slish apparel still attracts american customers Elm Rich said although sales Are Down. Frit Hodke. Spokesman Tor he Hanau chamber of Commerce. Said officials Are Well aware of the problem the weak Dollar is causing infill merchants. " Don t have any to support this trend at inc moment Baptise our Lasi quarterly report was in december and increased iceman of Zisimas business camouflaged total sales. We do cup Cal our next report at the end of March to reflect a drastic sales drop due to inc loss of american business Hock said. Hanau stores Are Noi Lonc in seeing a decline in the number of american customers. Herbert Scho press spokesman for inc Kau Bof department store in Frankfurt said. We think we Are losing american customers hut we have no statistics to Back up that Elmar Krai spokesman for the Chrlie department store on Frankfurt s famous shopping Street inc 7eil. Said records of value added 1, k Irmi show1 american business has dropped ill .111 pen Cut since inc Dollar drop. Last year when the Dollar was High. Chad a regu Lar Boom. Actually the highest sales Ever to Ameri Krat sail even an american ins dilution like Mcdonald s is i Colin i the crunch Suid Waller Jar operations manager for the soul Wesl Region which a chides 65 outlets pc certainly do led the drop in american clientele. I Don t have any figures for you but we All in the last food business Are complaining about he Lack of american customers i think it s Safe to say where an american might have come into our place three limes a week he s now Only coming in once a Cut Rafe chauffeur service ignites Hanau taxi feud by Elk a vis stuff Var incr Hanau. Germany taxi Drivers Here Art literally at each other s throats Over american business. Since an enterprising German set up a Rcola car with chauffeur service that is cheaper than taxi rates there have Bec i a few confrontations with Drivers from rival firms said Friedrich Hoffmann spokesman for the Union of Hanau taxi owners. Hoffmann said at least 60 percent of the business of Lite 109 Axis registered in Hanau comes from the 2h,000 . Sol Diers and their families Mali Ortch to and near Hanau. Thai s a third of our German Popula Tion which is ," Hoffmann said. Waldemur Gross is attracting those americans with his Fleet of 14 Rcola cars which Are painted Bright yellow Wilh a Black and while Check ered Stripe Down the sides in the fashion of Ameri can Check ered cars. We re the Best Het in taxis in town and the Gas know thai said Gross who undercut taxi prices by 40 pfennig a i Tome scr. Gross is hurting us at the moment to the tune of 13 to 30 percent of our for Mer business Hoffman said. For some to a Rita w spares pfc. Clay tid Ell of he Btry 2nd in 6 h Field arty regl Steps into one of Valdemar cross1 controversial real a cars Wilh chauffeur taxis those in from of he bases it s As High As to Hoffmann said he did t condone any of the Strong Arm methods reportedly used by taxi Drivers to keep Gross cabs from capturing american business. Jul he complained about what lie called Gross flouting the Law that forbids rent a car services to solicit business on the Siree Hoffmann claimed Gross violates the Law by lurking in front of army Camps or discos for business instead of wailing Tor customers to Call the company however Gross sail he loses business because he conforms to tie Law and re fuses to allow his taxis to be lagged Down by soldiers. Thai in pcs the go an by. Hut we have to Wail for a phone dross says Gas stationed at nearby or lenses can take one of his cars to the Frankfurt train station for 3h Marks while taxis charge do Marks. Hoffmann Sas taxis can t and Don l want to compete Wilh those Gross Ean take passengers free of charge for All we care. Well see if he stays in business ions Hui Gross claimed i know i can keep these prices for at Leasi a scar and. De pending upon what happens to the Gaso line prices i might even lower economist predicts More lowering of Dollar Tokyo up ii leading economist Henry Kaufman wednesday predicted sluggish economic growth and continued Trade problems will bring a runner decline in both . Miler Cal Rales and the Dollar s value this year. Kaufman chief economist for Salomon Brothers inc., said at a news briefing he expected . Interest rates would dip by 0.5 percent to per com before year s end and the Dollar would fall to 140 yen from us current 153. Sales of German Murks lit . Personnel for per Sonal use will be Al Hie rate a Psi thursday based on a Price Kinc Al midday and Alt Nance fur Stan Dard Hurt Iii clip ratios. For other Culvr Simi Rales see Page 23. He said the . Federal Reserve will irim its official discount Rale the fee charged on lending to commercial Hanks at least once More this year. Not Witkin the next said Kaufman who is in Japan to Mark the addition of an equities department to the investment firm s of co office. But a the Middle of the sear. 1 would expect More Kaufman said his incr Cal Rale predictions Are based on i1"1 i s. Economy s continued slow Pace rising world Deli problems and Confidence among monetary planners that Freer credit would not rekindle inflation. Currently. He Saiti the Only Force for econ inic Sii Mutus is on the monetary Side because the . Government. Grappling with a vast budget deficit is unable to expand Public spending to prime the do Musli pump. Assessing last weekend s meeting of the group of five Industrial a unions and Canada at which they reportedly agreed n swahili a Rales Timaul Lenry Kaufman Man said it is not Clear whether the . Treasury is willing to Hack up that commitment with intervention in currency markets to support the Dollar. He said he expects current Exchange Rales to hold a month or iwo while the markets Are but the Dollar s Low has not jul Hlen la would not Surprise me to see the yen at Mono the Dollar and the deutschmark Al 1.70." he said. The United slates and
