European Stars and Stripes (Newspaper) - June 20, 1991, Darmstadt, Hesse                                Thursday Juhe 20, 1991 the stars and stripes a Page 17. Mone matters today a tip Chrysler corp. Has introduced a $500 incentive program on new car purchases for . Military person Nel and spouses through sept. 30. The program applies to All 1990, 91 and �?T92 Model Chrysler corp. Vehicles except �?T90 Omni horizon models. A All Active duty and ready Reserve military personnel and their spouses Are eligible. Ready reservists Are defined As those on Active duty or called to Active duty on or after aug. 1, 1990, through the end of the program period. Conversion rates London up a wednesdays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies m dollars Quot Gold was quoted at $367.30 an ounce slav or at $4.43. 1 a British Pound German Mark French franc. A dutch Gudder. Belgian franc. Kalian  franc. Greek drachma turkish lira. Saudi arabian Royal a Spanish peseta. Portuguese escudo. Canadian Dollar. Aust Nan Schilling a. A norwegian Krone a danish Krone. June 18 1.6105. 1 0115 6168 2 043 37 3275 1 350 90 ,�?z1.5575 197 37 4.281 10 3 7501 113 70 .160.051 1413 _ 12 759 7 096 6 994 Juhe 19 1 6138 1.8092 a 6151 2 0395 37 22 1.347,50. 1.5545 197--5s .4,285.30 3 7501 11389 159,31 a 1 1428 12 7425 7.0845 6 985 these Are unofficial rates As reported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations the Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.77 through thursday based on wednesdays noontime Price fixing. New York Exchange new York up a York Stock Exchange Stock. A Pepsico inc Quot ,. Rwjr Nabisco hid Philip Morris a a at amp to company a ism corp mrs inter inc v Mcdonalds Carp a a Dupont amp co v general motors. A computer Assoc a a Hanson pc a a a a. Glaxo holdings a a get corp. A a Tel Fonos Damn Compaq computer the 15 most Active stocks in new composite trading . Sales last net chg. 3 331,900 30%  off % 1.956,000 11 a a unch 1,876,900 1 66a off % 1,859,400 a a 37% a up % 1,736,400 �?�100%, ii 1% 1,516.800 7% a a up % 1,449 700 32%. Off % 1,435,600 47% a a a off % 1,411,300 43% a a v off i 1.287.000 a 10%off % 1,275.200 18v Al up % 1,273,000 41% off 1.239.300 a a a 29%. Up a 1,225,400 a 27 off i 1,179,700 33%. Up % american Exchange new york1 up amen can  Stock. Wang tabs inc b Emerson exec it. Ebo Magn a a a. Ivan corp. Echo Bay mines. Americus do so. 0mi corp a  Amer Heak care a a a Energy service a the 10 most Active stocks in Ange composite trading tuesday. A a a. Sales 789.500 .431,000 �?T401,300 399.500 .290,400. 255.600 244,100 192.300 191,200 1.67300 last 4%. M 5% a 27 is �9. 12%. 7% 4% �2% 3 1 a Nelcha. V up i up i off a a a off % a. Unch off w. A up via a off v b a a up a off % Dow Jones new Yff la up Dow Jones dosing Range of averages tuesday. A a a a a a ,. V. A 30 . A 20 transports a 15 online. A 65 stocks a High 3022.14 1231.14 209,51 1083.58 Low �2970 48 1211.92 206.36 .1065.84 close 2986.81 12i9.15 207.12 1071.57 a hinge off 7.15 d1j.-6.b7 pal 1.4.4 Olf. 4.28. On to Arranger soviet Aid by Louis Uchitelle the new York times new York a the finance ministers and Central Bank presidents of the group of seven Industrial democracies Are hastily trying to set. Up a meeting for this weekend perhaps in new York to discuss Aid to the soviet Union and what to do about the sharply rising . Dollar. A Treasury department spokeswoman said tuesday afternoon that a Active discussions Quot concerning such a meeting were underway but that a final decision had not been made. The Issue was not whether to hold the meeting a that has already been decided by All accounts a but whether the session can be scheduled on Short notice. A they done to want to go to the econom to Summit without having some idea of what they arc going to Tell the soviet Union about Aid Quot said Stanley Fischer former chief economist at the world. Bank government officials offered a similar explanation although none wanted to be quoted by name. He referred to the meeting july 15 to 17 in London of the leaders of the group of seven Britain Canada France Ger Many Italy Japan and the United states. Soviet president Mikhail s. Gorbachev is to meet with these chiefs on the final Day at the conclusion of their gathering. To prepare for the Summit the finance ministers of these same countries would gather this weekend probably in new York but perhaps London along with each nation s Central Bank president. Treasury Secretary Nicholas f. Brady and Alan Greenspan chairman of the Federal Reserve would represent the United states. \ the soviet Aid Issue is essentially the need to reach agreement on a set of conditions that the soviet Union would have to fulfil to qualify for Aid whether it is. The $20 billion a year that a group of Harvard and soviet economists have pro posed among them Fischer or a lesser amount. A. A a a you have to agree on certain Basic Steps that the soviets must take like pm acting a treaty of confederation and a satisfactory agreement on economic Union Quot Fischer said. A a a a a. The meeting would also prepare the Way for Summit discussions of another major Issue How to coordinate economic policies now that the United slates re a cession is apparently coming to an end. The immediate Issue is the Dollar a not a a a rising sharply against the German Mark and the japanese yen. A maybe  try for an agreement on a ceiling for the Dollar s value Quot said David Smick a Washington economic consultant a a connected Issue is How to adjust int Crest rates in each country to Accomma Date an american Economy that might he. A coming out of recession. Lower interest rates in the United. States would be one Way to weaken the Dollar by making investments in Dollar denominated securities 1less attractive. But the Federal Reserve is not Likely to reduce rates at a moment when the recession might be ending. A amp a bailout Agency might need another $80 billion official says Odic chairman  Seidman Washington a the chair main of the Federal Deposit insurance corp. Said tuesday he is considering asking Congress for an additional $60 billion to $80 billion to Complete the savings and loan bailout. L. William Seidman also said he wants to merge the two boards that oversee the bailout Effort into one Board. In testimony being prepared for Deli cry to the Senate banking committee l today Seidman estimated How much would be required to finish the Job by Tjie end of september 11992. 1 he bailout Agency the Resolution Trust corp., has already had $80 billion appropriated to it to cover losses in failed savings and Loans. The additional appropriation would bring the total Cost to $140 billion to $1,60 billion which Seidman said was close to the administrations year old estimate of $130 billion adjusted for inflation Seidman said in an interview tuesday that the Agency would need to borrow $30 billion to $40 billion Over the Short term until it can sell the assets of the failed thrifts. The Agency had previously c planned to borrow More than $100 billion in such Short term funds which it refers to  capital. Separately Seidman said he May propose to create a single nine member Board to run the bailout Agency. Seidman said the ideas Are contained in a draft of testimony he will present later and cautioned that details Are still being discussed and May Well change by the time lie delivers the testimony. V one crucial question remaining concerned who would head the new nine member Board. Seidman in the testimony had proposed the new chief executive office r of the r fish Ould head the Board. But the Treasury department reportedly favored having the Secretary of the Treasury who presently Heads the oversight Board head the new panel. The administration had been opposed to changing the administrative Structure of the Etc but after repealed warnings from congressional democrats that they would not vote   Reform it has begun considering new structures. House oks Bill to boost audits of Rich Washington a House democrats sensing a major political Issue in a tax fairness a for the Middle class pushed through legislation tuesday that would require the. Internal Revenue service to step up audits of corporations and the Rich. A republicans found the idea  Thuv joined in a and the amendment was passed on a 411-1 Vole. Only rep Phil Crane r-ill., voted no. A the amendment sponsored chiefly by House majority Leader Richard Gephardt d-mo., requires that $13 million that had been intended for mail audits whose targets Are mostly Middle and Low income people a be used instead to increase audits of businesses and High in Coine individuals. A the examination audit rate for Cor notations is Down 50 percent irom a decide ago Quot said rep. David obey a wis. And a sponsor of the amendment. 1 he examination rate for High income taxpayers is Down 52 percent. Yet Middle income people Are being audited at about the same rate As 10 years  the amendment was attached to a Bill providing $19.7 billion to finance operations of the Treasury department the postal service White House offices and other Federal agencies for 12 months beginning oct. I. The Bill is $1.2 billion less than was appropriated for this year a a Gephardt a amendment. Is the latest Man Euver in democrats efforts to make Hay with what they consider the unfairness of the tax system after 10 years of Republican presidents. Democrats argue that major tax changes in 1981 and 1986 left High income people much better Olf at the expense of other americans. The amendment grew out of a disclosure that the White House office of management and budget had tried to require the irs to shift More of its audit focus onto Middle income people in an Effort to get a Quick infusion of Revenue. Bomb officials noted that High income in Divi duals and corporations Are far More Likely to Appeal increased tax assessments and delay Revenue gains for years. Even though the irs rejected that idea the $76 million it had requested for stepped up audits of High income people was pared Back by bomb to $ it million. The cd feet of the mouse vote tuesday it agreed to by the Senate  to restore $13 million of that Cut. As debate began republicans made several attempts to Block the audit. Amendment even though Rush had no objection. A we want to see that it  As a technique of harassment of the Large part or the population a said rep. Robert Walker a a. A whose Side Are you Onvy demanded obey. Quot for a change lets be on the Side of the Middle class