European Stars and Stripes (Newspaper) - April 18, 1991, Darmstadt, Hesse                                Page 8 b the stars and stripes thursday april 18, 1991 n Tokyo apr Japan a elite toasted and cheered Mikhail s. Gorbachev on wednesday but turned a cold shoulder to the soviet leaders Frank pleas for Aid and investment As talks failed to resolve a key territorial Issue. A a a a. A Gorbachev in a speech to parliament urged Japan to join the a new spirit in . Relations ending the cold War and promised that the soviet Union will never attack Japan. He also said he is making Broad military reductions in Asia and will not interfere with Japan a most important relationship its Security treaty with Washington. Yet Midway through Gorbachev a historic four Day visit deep seated doubts among japanese about their giant soviet neighbor and its economic stability were proving More difficult to overcome than cold War hostility. A a a a a a a. A accompanied by his wife Raisa the 60-year-old so vict president entered the Wood panelled main chamber of the diet or parliament to a standing ovation. He received another when he finished speaking 45 minutes later. A a a v. A a it a a a a  in his most Plain spoken request to Date for foreign Aid Gorbachev warned that a the development of a new peaceful world order will largely depend on the outcome of perestroika. We Are counting on support for our efforts particularly now As we go through this critical  Quot if we let the new social processes get out of hand a the country May really be thrown into the chaos that gives birth to dictatorship a he said in a speech interrupted seven times by applause. Earlier at a luncheon meeting Gorbachev was blunter about asking for Aid. He threw out most of a prepared text to persuade 600 business leaders that he was serious about reforming the crumbling soviet Economy. A a. A a a i 1 1 a a a a. A. A a a a a a a a your far East and Siberia have resources but they Lack the infrastructure to develop them a Gorbachev said adding that the soviet Union has much to learn from Japan a experience of converting military Indus tries to commercial use. Raisa Gorbachev gets the feel of Tokyo a Tsukiji the worlds largest fish Market during a tour wednesday. Gorbachev stressed that he was aware of the need to make the Ruble an International currency and of his country a outstanding debts. But Japan s hard nosed business elders whose savvy built this country into the worlds no. 2 economic Power said political and economic problems must be resolved before they can invest. S Aid plea a it was All requests Gorbachev did no to have and gifts to offer us. That a a pity a said one executive who refused to give his name. Indeed the soviets Are asking Japan for a loan to pay off hundreds of millions of dollars of debt for japanese exports. And As expected there was no Progress on Japan a main condition for freeing up japanese capital that the soviets return four islands off Northern Japan seized in the final Days of world War ii territorial concessions of any kind have become risky in a nation beset by separatist movements and Gorbachev seems to be under the Sway of hard liners who oppose such a move. Gorbachev a main or Al a the Leader of the russian federation Boris Yeltsin a also has warned that no Deal can be made on the islands without his republics approval. In his speech to the diet Gorbachev said his administration a cannot be held responsible for the actions of a previous generation a veiled reference to the islands. Gorbachev and prime minister Toshiki Kaifu met wednesday evening for their third and last scheduled Summit then set an extra round of talks for thursday. Soviet spokesman Vitaly Ignatenko described the talks As a a profound and serious Exchange and at times it was  the Public Japan broadcasting corp. Reported that no new proposals w Ere made by either Side. Gorbachev looked tired and somewhat grim at an evening banquet in his Honor attended by Tokyo s top politicians business leaders entertainers to personalities and other notables. In a Toast Kaifu said the two countries a face a decisive turning Point and praised perestroika. A Japan is ready to Render its utmost support to Reform in your country from the technical Side he said. The soviet president and his wife meanwhile continued their cultural tour scheduled to end Friday in Kyoto. Mrs. Gorbachev strolled through Tsukiji the worlds largest fish Market As hundreds gathered. She was awarded a flounder by one delighted  opens first Stock Market since Wii brokers Check prices on the first transactions made at the Warsaw Stock Exchange. Warsaw Poland a Poland a first Stock Exchange in More than half a Century opened tuesday in the old communist party Headquarters and officials called it another step in the transition to a Market Economy. A this is a historical moment no exaggeration a privatization minister Janusz Lewandowski told More than 200 guests on the transaction floor. More than a dozen Youthful brokers specialists and aides clustered around five computer terminals on the trading floor. One broker 28-year-Oid Robert Muraszko said he had never seen a Stock Market except on Western television. A a in a optimistic that Well have a real Stock Exchange in a year or two a said Muraszko one of the 50 graduates of the first class for brokers. The initial sessions trading volume was Small a but this is just the beginning a said Leslaw Paga m charge of the ministry department that supervises the securities Market a today s session was just an attempt to match Supply and demand and when this news reaches shareholders we will have much bigger volume next week a he said. The location of the Warsaw Stock Exchange on the top floor of the former communist party Headquarters symbolized the political and economic reforms Poland has undertaken since Solidarity took Power in 1939. The Market is the first in Warsaw since world War ii forced the closure of the six exch Ness operating in Poland to 1939. It is the second in Eastern Europe after the 10-month-Osd Exchange in Budapest Hungary and was created m cooperation with the French Stock Market association. Wieslaw to Zmucki the markets president said he had feared buyers and Sellers would not find common ground. For a share in a silesian Cable is toy for example prices ranged from 55,0/j zlotys less than 54, to 240,000 zlotys or about 525. Traders settled on  zlotys about 58. Until june sessions will be he d once a week and brokers offices set up in More than 150 branches of seven polish backs will take orders. More than 100,000 people bought shares in the first five state owned  Riore companies plan to offer storks a  reports $941 million loss in 90 Paris up a Michelin the worlds largest tire maker said wednesday that it lost $941 million last year and will Cut 16,000 jobs from its work Force worldwide by the end of 1992., the company said the loss compared with a net profit of $473 million in 1989, was essentially caused by the problems of integrating uniroyal Goodrich tire co. Of the United states which Michelin bought for $1.6 billion in May 1990. In part because of the acquisition Michelin has been forced to set aside $614 million for restructuring. The company has also been Hurt by a 14 percent drop in the value of the . Dollar and a Sharp drop in car and heavy truck sales in the United states and Europe. Excluding the restructuring funds Michelin said the net loss in 1990 would have been Only $262 million rather than the $941 million loss announced by the company. In october Michelin estimated it would of $412 million before the restructuring costs. A Michelin said its total sales Rose 13.6 percent la let year Over 1989 to $11.8 billion. A the tire maker announced last week it would Cut 4,900 jobs in France alone but that More than 16 000 jobs will be eliminated worldwide by the end of 19t> Only last june Michelin said it was planning to Cut 2,260 jobs at its main Plant in Clermont Ferrand Central France. The regions Economy depends heavily on Mich and earlier this week store Wren closed the it a several hours in a show of Solidarity with the workers. The firm s president Frame is Mcne a i last week that the company remains comm  Home Region and that total employment m Che Ferrand will not go below 18/xoyobs. A i a. A for Lin said its non t w m sir in ail the tire maker is a f a d to  m n in Ide work Force of 120.0 by shoo 15 perfect Michelin has refused to release further Deu i t hit maturing plan. Company officials said the firm has been pm try hard hit by the recession which Taw an 11 percen. In the . Car Market and a 14 percent a me m of heavy trucks