European Stars And Stripes (Newspaper) - December 1, 1987, Darmstadt, Hesse                                Tuesday december 1. 1987 the stars and stripes Stock Market plunge described As warning Page 27 Geneva up former . Fed eral Reserve chairman Paul Volcker monday said the plunge in world Slock markets was a warning or what could happen unless there is smurf cd a Cimon by major trading nations. Volcker specifically cited the need for . Budgetary discipline stable Exchange Rales and greater Domestic growth in Strong currency nations. He made his comments in a keynote speech at a ceremony marking the 40th anniversary of the Genera agreement on tariffs and Trade the regulatory framework for 96 percent of global com Merce. The new Uruguay round of Trade liberalization negotiations to Icker said can succeed Only if the major Industrial countries coordinate economic and financial policies. There must be convincing and sustained budgetary discipline in the United slates and offsetting Domestic stimulus in countries with Large surpluses he said. Recent developments in world Stock l. Howard by a sex governor of Izona s Temte Ariz. Han 100 Taw info Tremell officers.  96 men on cd rfcs of cons Irav to commit  open and notorious to and marrying Ila spouse of Anotol Tufty seven people and tact on a year s pro Bacn each. Against 69 others War dismiss i a 1985 interview Pyle san Mac be cd reaction to the raid Cost pm the Lection. To to Tia markets while they need not be devastating in themselves seem to to warning enough of the need for concerted action along these  Volcker Aii. Referring o the crash in value of the . Dollar against other leading Curren cies Volcker said protectionist pressures in the United states have been Ted by the Well founded impression that Exchange rates have deviated widely from their equilibrium  criticizing the Lack of policies to Slabi Lize Exchange Rales and allowing them to float uncontrolled Volcker said in pan the health and vitality of an open International trading order will be importantly dependent Over time upon the willingness of governments of Large Trad ing countries to reach some realistic collective judgments about the broadly appropriate level of Exchange rates. I insist that we cannot count on floating Exchange rates to smooth Over All the difficulties not if we arc inter ested in turning Back protectionism and achieving More open  conversion rates London up monday closing Raits a the . Dollar to of per Curren cies. Hui res Are expressed dollars to the British round and of nocal Curren cies in Folti 1 tie Oree of n s7.135 f75 an out sillier a Efrain to Pound dermal Muk Fiaai if inc Truk Lotc Turk Ntim nov 3d i bc60  1 6597 i &150 .6 my ssw5 .li.b650 1h10 1.2mto 12911 110 0now 13045 _ 11 5s30\ Krone. Ft.?f % 6 370 a 9399 % Ojo so arc commercial rates Anc in be lied Only to he ii of foreign cur by . Forces for official business sales of German Marks to . Sonnet for personal use will be at the ral of 1.62 tuesday based on a Price fining a midday and allowance for Standard handling charges. Japanese plea rejected Geneva a the United states on monday rejected a last minute Japa Nese plea 10 withdraw its complaint against japanese Trade restrictions on disputed agricultural products a . Trade official said. A panel of the general agreement on tariffs and Trade acting on a . Complaint last year recently found thai japanese restrictions on 10 products Vio late International Trade rules. If the finding is formalized Japan will have mend its restrictions on the items. It Faral updated television sch duffs Ilion because or technical difficulties no. 2 in colouring contest y Belliv Duncan the stockings were Hung by the Chimney with care in Hopes that St Nicholas soon would be there. This is the second of 10 drawing in to stars and stripes Christmas colouring contest. The next i mire appears tomorrow. Junior dependents of anyone entitled o logistical support arc urged to enter the conies children of stars and stripes employees Are not Eligi ble and try to win one of the three prizes to be awarded in two categories. Here Are the a contestant Are divided into two group Ages 3-7 and s-i2. Entries must be postmarked no inter Hurt dec. Ii. Use any medium. Originality is encouraged. Drcar Ilioiu of the judge will be final. Entries become the property of tic stars and stripes. No entries . Will be returned. Don t forget to include your name and address Sec below. Mail five of the 10 cartoons not one at a time in a single Entel pc in colouring contest the stars and stripes Apo Jii the Lap prizes pro bikes nil he awarded la first place winners in each category. Second and third piece Winner will receive other special prizes. Fifteen Kift rapped children s boots will also he i wanted in each category. Read the Rales carefully. They will be published with each drawing. Hippy colouring address Apo age reminder you can mail your entries free och arc through the Apo by writing maps military postal service in the upper right hand Ron try of Fth envelope. A stamp is Noi necessary