European Stars And Stripes (Newspaper) - June 19, 1988, Darmstadt, Hesse                                Page 18 the stars and stripes business news  Kominicki Trade figures shoved Dollar up 3 pfennig the Dollar jumped More than 3 pfennig against the West German Mark last week on the strength of butt Chan expected . Trade Defi Cit figures by week s end. The Buck had held its ground helped by a weakened Mark and a Wisl Ger Man Holiday with one British trader predict ing further increases in the Greenback. It has gained some liability the London based banker said. And there s room for in to move  while West German financial markets were closed Friday minors persisted that German in Terest Rales soon would be hiked to support the Mark. A Simi Lar Rumor hat German inter est Rales were to have been increased last. Wednesday helped Stow the Dollar Rise. The Trade figures had Given the Dollar quite a boost the London trader said. Bill in loss  still the Dollar dosed the week at a military Exchange Rale of 1.74 Marks up from 1.71 Mon Day. The Buck also was trading slightly higher against the Pound Friday solidifying gains also made As a result of the Trade figures. The unadjusted Trade deficit Tor March had been s9.75 billion however seasonal adjust ments of the figure increased it to 111.95 billion. Traders had been looking for the . Current account for april a Broad measure of the differ ence Between . Exports and imports to run about ji3 billion in the red. The Market two weeks ago already was anticipating such an in crease traders said and the Buck was expected to hold its ground. But adjusted deficit figures for april came in tuesday at $9.89 billion j3 billion belter than expected and the Best showing by the United slates in three years. It served to considerably strengthen the Dollar against All currencies. While he japanese yen quickly regained it position relative to the Greenback traders in Europe looked for Central Bank intervention in the form of dumping dollars or increasing interest rates to keep the Greenback Down. In recent weeks the Dollar had climbed out of a trading Range Between 1.63 and 1.68 Marks into the 1.70 Mark Range. Traders were looking Tor Central Banks to keep the Buck below 1.73 Marks. But even with the Bundesbank again sell ing dollars the Buck maintained its 1.74 level. As the trader in London put in evidently the Market wanted to go  financial Market action in the coming week will Center on Central Bank efforts in Lon Donand West Germany to Deal with inflation. In England Friday an expected 0.1 percent monthly increase in the inflation Rale came in instead Al 0.4 percent for an estimated annual Rale of 4.2 percent. That prompted Market expectation of an interest rate hike there. In the United slates healthier exports Are running into a . Production capacity stretched to the limit that also could be inflationary. One . Publication noted that the utilization of production capacity in the United states was running at 82.9 percent in May up from 82.7 in april. And in West Germany with the Sale of dollars failing 10 help the Mark the Bundesbank again ii expected to hike interest rates. For the Dollar All of hat action could trans late into very Little change. The Market already is anticipating higher rates Ute London trader said. Also to be considered for he Buck is the eco nomic Summit continuing this week bet eco members of the group of seven the leading Industrial nations of the West. The annual meet ing this year in Canada is expected to be a Battleground Over farm subsidies. Cafes sales of new cars up nearly 25% last year by Charlie Bowden Munich Bureau Munich Exchange service sales of new cars jumped by nearly 25 percent in Europe last year As the decreased value of the Dollar and a beefed up Market ing Campaign combined to lure customers away fro foreign showrooms. Riding the Dollar s decline cafes Europe new car concessions delivered nearly 13,000 cars trucks and motorcycles in 1987, compared to a Lilly More than10,000 in 1986. Earning from those sales totalled 11.73 million up from 1936,000 in 1986. And by All indications thai trend is holding in the first Quarter of this year cafes Europe customers bought nearly 4,300 new vehicles a 35 percent increase Over the same period in worldwide the Exchange service s new car sales earnings jumped 70 percent last year to $2.4 million on the sales of 17,349 vehicles. While the decreased value of the Dollar has been a major Factor in the sales increases cafes Europe new car sales program manager Dale Woodward believes increased availability and major facelifts on sales facilities also played major roles. We be made More cars available in Europe Woodward said. Although customers can order a car for delivery either in the United states or in Europe increasing numbers of people want to buy a car that s already Here he said. In the past about 3.000 cars were being shipped to Bromer Haven in anticipation of orders but last year that number doubled he said. That s the Way the Market s going and that s what the foreign car dealer outside the Gates arc  current plans Call for increasing the number of Dis play cars another 20 percent this year As new car sales Points Are upgraded he said. It s awful to ask a Guy to buy a car that he can t see said Woodward who has worked with the Exchange s new car Sain program for15 years. When the Dollar was Strong and people were buying foreign can the Exchange service was not in position to compete. We weren t aggressively in the program of Market ing the on and we re doing that now Woodward said. The most popular can with customers arc made by Chrysler according to sales figures for the first quart ers of 1987 and 1988, far out distancing the Competition. Customers bought 2,099 Chrysler products in the first Quarter of 1988, up from 1,259 in the same time last year. The nearest competitor is Ford with 919 sales during the first Quarter of this year an increase from 702 Las year. The by Gist Sellers with All the manufacturer were what Woodward described As fun cars which includes the Small sports models minivans pickup trucks and off Road vehicles. One out of every three cars sold now Falls into that category he said the upward trend in the Sale of .-made cars has been accompanied by b corresponding drop in Pur chases by americans in Europe of foreign made can particularly new German cars according to statistics furnished by the Usa eur motor vehicle registration office in Heidelberg. Registration of 1987 Audi cars for example totalled Only 6s compared to 60s in j9g6and 2,239 in 1985. And although .-made can have not dislodged japanese cars from the top of the new car registration list Chrysler Ford and general motors All made it into the top 10 last or with Chrysler ranked third. Backed by a concerted marketing Effort. Woodward believes he trend will continue. Officials have projected an increase in sates this year of about 20 per cent. Wall Street s top j 00 show they re still in the Money by Alison Leigh Cowan new Vork not despite the perception that Wall Street is not the place in used to be for making Money one would never know that by looking at a Liston the highest paid people in the investment Community. The estimated 19b7 earnings of the lop 100 people ranged from $2,4 million for Alan c.  chair Man of Bear Stearns & co., to More than �80 million for Paul Tudor Jones an investment manager who first made the list Only last year. Some of Wall Street s elite bristled in Early june As the annual Survey by financial world Magazine made the rounds though Many were privately curious to know where they ranked. Am 1 on it this year inquired the new Yor investor Asber b. Edeimann. How much did i earn in fact Edelman had slipped six notches to 20th place since last year in the annual Roundup published in the june 28 Issue of financial world. The Magazine estimated thai Edelman had earned Between $13 Mil lion and 120 million in 1987, Down from the $23 to $30 million it had estimated for 1986. Because the Magazine includes paper gains on in vestments and relic heavily on figures gleaned from Public documents the numbers do not necessarily Cor respond to Lake Home pay. I d prefer not to be on the list Edelman said but being somewhere Between i and 100 Means that work  Grce Neie meanwhile finished in 100th place. I won t be Happy till i m no. I he said. Financial world concluded thai the Best paid per son on Wall Street Lait year was Jones the 3�year-old founder of the Tudor investment corp. Jones reportedly earned Between $80 million and$100 million in 1987. He first appeared on the list for 1986, lied for 27th place. Jones was travelling Friday but Dean Harwood a vice president of the 4-Ycar-old company said in had been so profitable because it had sold stocks Short before the Market crashed last october. The firm had an extraordinary year Harwoo said. Tudor investment manages s300 million in assets. Still Harwood disputed the Magazine s conclusions. We Don t think their observations about who made what Are reasonable he said. Leveraged buy out specialists occupied four of the top 10 slots. Henry Kravis and George Roberts of Koh Berg Kra vis Roberts & co. Each made at least 170 million and Jerome Kohlberg who left to Start his own firm bul remains a limited partner made Al least $35 million the Magazine said. Theodore Forstmann a principal of Forstmann Little is co., made at least 130 million. Financial world said. The other top ranked performer were George Soros the Money manager in second place with Al least $73 million despite big losses for his investment funds in the Market crash Michael Milken Drexel Burnham Lambert inc s junk Bond Kingpin with $60 million Michel a. David Weill chairman of Lai Ard Frrrcis & co., $54 million John l. Weinberg chairman of Goldman Sachs & co., 112 million and Donald Carter the proxy solicitor with j30 million to $32 million. Besides Weinberg the Magazine decided to exclude other partners of Goldman Sachs from the lilt lest the firm dominate 48 of the top 100 slots. To prevent this exercise from becoming a Gold Man Sachs yearbook we separated its partners from the pack the article said