European Stars And Stripes (Newspaper) - December 30, 1987, Darmstadt, Hesse                                D stripes re free intr theater mail privileges extended Page 2 o gunman goes on rampage in Russellville Ark Page 5 q cosmonaut returns after 326 Days in space Page 8 auth04i1id us official fun licit on f0� the . Mid fou ii vol. 46, no. 255 wednesday december 30, 1987 ,, d 8693 a Buck has t hit Bottom yet Europe Money experts say this is the second of two articles exploring the Impact of the falling Dollar in 198 7 and prospects for the Dollar in 1988, by . Komicki staff writer european financial experts arc adding a new twist to Harry Truman s Lime honoured quip about the Dollar. For 1938, the experts say the Buck does t Stop Here driven by America s addiction 10 foreign made goods and a Lack of congressional resolve for reducing the National debt the Dollar will lose another 10 per cent in the first Quarter of 1988, settling at a German Mark Rale of around 1.50 to the Dollar according to currency traders economists and Industrial leaders in Europe the first signs of  slide May have appeared this week when the Dollar posted record lows against the japanese yen Swiss franc and dutch Guilder. Concerted Central Bank intervention also failed to Stop the Dollar s skid against the British Pound French franc and italian lira. And the Dollar posted another record Low against the Mark breaking through the 1.60 bar Rier. Tuesday s military Exchange rate of 1.58 represents a 54 percent decline against the German currency since Early 1985, when the Greenback peaked at 3.45. Although the Dollar is expected to be buoyed slightly next summer to around 1.80 Marks it Likely will be at the expense of the . Economy As a whole. A surge in inflation in the second half of the year the experts predict will prompt the Federal Reserve to raise inter est rates making dollars More attractive to overseas investors but threatening America s 5-year-old eco nomic expansion. The trouble with americans said gain Lucr Tucich treasurer of the Frankfurt Branch of the Bank of bos ton is they cannot change their buying habits. In 19ss that Wilt begin catching up wit them. They will continued on Page 3 Bank intervention gives Dollar slight boost London a concerted intervention by major Central Banks lifted the Dollar out of its midday lows tuesday but the . Currency ended the euro Pean trading Day mixed. Gold prices were also mixed London dealers snid intervention in he afternoon by the West German Cen trial Bank the . Federal Reserve and the Bank of England along with other Central Banks boosted the Dollar to a High of 1.6020 West German Marks and 123.7s japanese yen he orc it drifted Down in late trading. Sates of German Marks to Lus. Personnel for personal Uil be � the rate of 1 so wednesday based on a Price Fil ing at midday and allowance for Standard handling charges. See other currency rules on Page 27. The fact that the fed was in gave the intervention an extra bile because every one is looking for the fed and the . Administration to appear to be doing something to support the Dollar said one dealer. However the intervention will Only be effective in holding the Dollar steady for the time being because the Market is still looking for a lower Dollar he added. Traders said activity was Light with most potential Market participants away on Holiday. Before the Central Banks intervened the Dollar had Slid Bytow record lows hit late monday against the West German Mark the Swiss franc and the dutch Guilder and it closed at a new Low against the japanese yen in Tokyo where trading ends before Europe s business Day begins the Dollar closed at the record Low of 121,50 yen on tuesday Dawn from 11155 on monday. It was the 10th time in the past i Trad ing Days that inc Dollar has plunged to its lowest level since Modem Exchange rates were set in the late 1940s. In London where markets opened for the first time since Christmas eve the Brit ish Pound was quoted at $1,8610, unchanged from the rate at which it was Trad ing in other european tenters monday. Snow High winds move on clobber Northeast areas by the associated press a deadly Winter storm hit the Northeast tuesday Alicr turning highways into parking lots and stranding travellers at packed airports As it plodded across Lite Plains and Midwest. The Snow tapered off in the Midwest after the storm blamed for at least 11 deaths moved eastward. In six hours overnight the storm dropped 2 inches of Snow on Cleveland and Toledo Ohio and Bingham ton Buffalo and Elmira . Up to 8 inches fell on parts of Pennsylvania. The storm which hit the Colorado Foothills with up to 34 inches of Snow reached new England tuesday with Strong winds the National weather service said. I extended from Michigan to West Virginia Virginia see Snow on Page 28 shortage of Snow of arc resorts Caus no ski Holiday cancellations by Wendy Bourland stall writer a Lack of Snow caused by unusually warm dry weather has prompted Many americans in Europe to cancel ski holidays at the armed forces recreation Center resorts in Garmisch and  Germany. People Are cancelling Rigil and left said Ted has Singer spokesman for the arc facility in Berch Lusga Den. But Hassinger said there s no cause for panic arc is Mill getting skiers to the Snow those in Gar Misch Are being sent via train up to the snowy slopes of Lauern in Austria both above the 2.000-meter Mark. Garni Isch ski week package began in Lute november while  offers it first ski week Jan. 3. Harry Connors arc spokesman said Flo spaces see arc on Page 28 Snow caters nun at a bus Stop monday in Detroit he sounds of 1987 today s daily Magazine