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Publication: European Stars and Stripes Tuesday, January 19, 1988

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   European Stars And Stripes (Newspaper) - January 19, 1988, Darmstadt, Hesse                                Inside strip d Mutual funds make their debut on Page 2 d the top issues facing state Legislatures pages 14-15 d Denver joins Washington in super bowl Page 21 the a and filpes Duiho Iii unofficial Pili Tia Phi the . T0 foil to vol. 46, no. 274 tuesday january 19,19b8 ii imm Hohr d 8693 a Dollar sharply higher As Confidence revives by United l re International the Dollar was sharply higher on major world currency Market monday. Fuelled by the Buller Chiin i peeled . Trade deficit and renewed Confidence in the currency. Gow was mostly lower. Saks or German Marks to . Personnel for personal use will be at to Ltd rate of 1.67 tuesday up 5 pfennig from monday. Conversion rules on Page 27. In earlier trading in the far East the Dollar closed at i.in.50 yen its highest level in 40 Days Spain i the japanese yen. Monday s Clow was a hefty 3.55 yen above the close Lasi thursday. Inc last Jay or trading before a Long japanese Holiday weekend. Dealers in Japan said the improved . Merchandise Trade figure tar no vember in which the deficit shrank by 25 percent from october and a Sharp Rise in the Dollar in new York last week were factors behind the Dollar s strength ening. Traders said . Commerce Secre tary William Verity s remark thai presi Dent Reagan believes the Dollar s current level it appropriate encouraged traders to buy dollars. I think we can t see any heavy buyers in the Market so the Dollar won t to above 135 yen said Koichi Yamamoto the chief manager of foreign Exchange for Yasuda Trust & banking co. After the Tokyo Market opened Many exporters began Selling dollars he said predicting Hal the Dollar will slay in the 123-133 yen Range Tor the time being. To Europe inc Dollar closed in Frank run at 1.6840 West German Marks up from Friday s close of 1.6815, in Zurich at 1.3735 Swiss francs up from 1.369, and in Paris Ai 5.6825 French fanes up from 5.655. The Dollar closed in Amsterdam at 1.8920 dutch Guilden up from Friday s close of 1.887, and in Milan at 1,235.58 lire up from 1,201.20. In London the Pound weakened Das ing at j1.77u5 compared with Friday s close of 11.779. Nation celebrates King s birthday Ziuni Manila do mint daughter of South african nationalist Nelson Mandela Al i Chicago Church service. Atlanta a the Rev. Martin Luther King or s message of Freedom rang out across the nation monday As his widow and children Laid a Wreath Al his Tomb on inc third National Holiday in his Honor. Sen. Sam Nunn and Aila la mayor Andrew Young one of King s lop lieutenants in the civil rights move ment joined Coretta Scoll King and her children Al the Wreath laying Cen Mony. Young offered a Brief prayer. The gathering Hen headed for a Banc a Baptist Church Sile ofic King family s Triumph and tragedy for the 20th annual ecumenical service since his assassination. The National Holiday to commemorate King s 59 111 birthday inspired people to March through a downpour in California and hear ministers decry lingering racism in the North and South. Speakers Al a Benczer Baptist Church urged Ameri cans to make a renewed commit Cal to King s dream of racial Equality and world peace. The disease of racism. Is still among us and it has global implications said inc Church s pastor Rev Joseph Roberts. The Rev Joseph Lowry president of the Southern Christian leadership conference urged the audience not to let the pomp of the Holiday overshadow the ideals that King stood for. The Holiday honors an see King on Back Page soviets ready for conventional arms cuts Bonn Lui la Sovil foreign min ister Eduard Shevardnadze monday in pressed his government s willingness to bring More Security to the diary Namenyi process by beginning negotiations on conventional forces. Shevardnadze on the second Day of a three Day trip As the highs level soviet official to visit the we German capital in five years addressed West German fears that inc superpower Accord to ban medium Range  left it Vulner Able to soviet superiority in conventional troops and weapons. We arc ready far negotiations on the problem of conventional disarmament Shevardnadze said in a speech during a dinner hosted by West German foreign minister Hans Dietrich Genscher. Shevardnadze called for a Radical lowering of conventional forces de creasing the strategic nuclear potential and a chemical weapons ban. Shevardnadze discussed a wide Range of disarmament human right and Bilat eral questions with Genscher president Richard von Weizsaecker the conserva Tive minister president of Bavaria Franz Josef Sirauss and other officials. He also called for a lifting of Western restrictions on High technology sales. West Germany was eager to set a Date for soviet Leader Mikhail Gorbachev to visit Bonn for a Summit with Chancellor Helmut Kohl who has said he hoped Gorbachev would nuke the trip in the next Sii months. Genscher a a radio interview monday however stressed that the Summit need not Lake place in Bonn. Soviet foreign la Jiler she Ard Nadu in a a Kugh with German children la Bonn  
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