European Stars and Stripes (Newspaper) - September 12, 1991, Darmstadt, Hesse                                Page 18 c the stars and stripes thursday september 12, 1991money matters today s tip workers in their 50s Are becoming increasingly attractive to employers because they Are More seasoned and devoted an employment consulting firm said. A the older person probably started to work when Long Job tenures and loyalty to the company were the Norm a said James e. Challenger president of challenger Gray amp Christmas inc., in Chicago. Employees in their 50s, however arc the second smallest group of employed people among adult workers after workers Over 00 years old according to the . Bureau of labor statistics. Challenger said his placement firm now encounters fewer difficulties than in the past when finding jobs for older workers narrowing a traditional Gap Between old and Young Job  rates London up wednesdays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gold was quoted at s345 25 an ounce Silver at $3 95 British Pound German Mark French franc dutch Guilder belgian franc italian lira Swiss Banc greek drachma turkish lira saudi arabian Riyal Spanish peseta portuguese escudo Canadian Dollar austrian Schilling norwegian Krone danish Krone these Are commercial rates and can he related Only to the use of foreign currency by . Forces for official business. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.66 through thursday based on wednesdays noontime Price fixing. Sept 10 sept. 11 1.7285 1.7260 .1.6910 1.6980 5 7625 5.7750 1 9060 1.9129 .34.0825 34 9700 1.269 00 1.270.25 1 4825 1.4895 187 46 188.10 4,592 00 4.607 60 3 7501 3 7501 105 95 106 35. 145.40 145 38 .1.1390 1.1382 11 9000 11.9450 66170 6 6400 .6.5335 65510 new York Exchange 1 new Vork up the 15 Mast Active stocks in new York Stock Exchange composite trading on tuesday. Slock Salei ult net Clef. Pepsico inc 3,843.400 294k off Vuk at amp to company 3,152,400 37 or off Vic limited inc 2,106,800 24 a unch Heim he cd 1,844,300 38 a Oft 2 w Glaxo Hodgs 1.769.800 46 a off 1 or Bexar pc 1.757,500 6vk Ott it ism corp 1,697,600 99vb off 14k we stings Al 1.578.200 2 2 i off 4k fur Nab bldg t,453,400 11v, Ott a Telesin de mex 1,414,400 364k of 4k genl motors 1.343,400 35vk off 4k waste mgt 1.337.400 36 Ott Vuk Ancamp inc 1,316,800 3 off Vuk genl electric 1.199,000 70v, Ott a Wal Mart sir 1.189.500 494k Ott a i american Exchange 1 new York Lupin a the 10 most Active stocks in american Slock Exchange composite trading tuesday. Stock satan last net chg. Dow chem i 701,700 8 k Ott a fruit of loom 504,400 17 Ott a Rhone i cart 355.800 27-16 off 4k metro mob b 202.500 10v, Ott Vuk Echo Bay mine i 269.000 7-v, Ott 4k Conti an 265,700 2 Ott Vuk found Atn hath 247.500 204k off Vuk Marcus t 2 so 227.300 9 off Vuk Bat Indus 223.500 it 9-16 Ott 1-16 Amicus disc 195,500 inv a off Vuk 1 Dow Jones new York up Dow Jones dosing Range of averages tuesday 30 industrials 20 transport 15 utilities 65 stocks High 301297 1175.95 206.75 1065.39 Lew 2967 80 1156 36 204 74 1049 71 clue 2902 56 1162.38 205.93 1055.12 Chmatoff 24.50 off 10 22 Ott 0 .76 of b .1b Gephardt seeks Laws to fight trading practices by japanese Cox news service Washington House majority Leader Richard a. Gephardt called tuesday for new Trade legislation to retaliate against Japan if it excludes . Products and those of any other country. A it s time we looked at the balance of benefits within the world trading system a the Missouri Democrat said in a luncheon speech to the Institute for International economics a private group. A Japan continues to be a free rider a criticizing others that they must he free traders but continuing to aggressively practice adversarial capitalism a he added. Gephardt said the now legislation being drafted with rep. Sander m. Levin d-mich., would give the president the authority to impose the same restrictions on another country that the country applies to . Goods. If the president refused to act the new measure would give Congress the Power to retaliate. Gephardt said the additional Powers for Congress Are necessary Hee Ause Bush administration officials have been a too timid Quot in standing up against unfair competitors. A they have been too unwilling to do the things that need to be done a Gephardt said. A if we stand up for our rights other countries will  Gephardt authored a much debated Trade amendment in 1987 that failed to pass Congress. It would have allowed the president to Cut imports of goods from Japan or other countries when he considered that they shipped too much More to the United states than they were willing to buy. Unlike Gephardt s latest proposal the 1987 amendment did not take into account discrimination by the targeted country against anyone hut the United states. Gephardt disclosed his legislation shortly after the Commerce department reported the United states recorded a s3 billion surplus in foreign Trade from april through june. But the positive Trade numbers retired cd huge sums paid to the . Treasury by other countries such As Japan and saudi Arabia to finance the persian Gulf War. Without the payments the country actually would have suffered a Trade deficit of s5.2 billion in the second Quarter and $6.4 billion in the first Quarter. Clifford claims conscience Clear on any involvement with Bocci Washington a former presidential adviser Clark Clifford said wednesday that he and his Law partner have a Clear consciences about their involvement in a Washington Bank with ties to the scandal plagued Bank of credit and Commerce International. A we have not been guilty of any misconduct not even any impropriety a Clifford told the House banking committee. A we have a formidable task in persuading Many of you of our innocence in this a he told the members of the committee. Just How formidable was evident moments earlier when the panel s chairman rep. Henry b. Gonzalez a Texas opened the hearing by alleging that Clifford and his Law partner Robert Altman used their knowledge of Bocci to profit in an a inside games from Stock deals and Legal fees. Cliffords appearance was a Sharp contrast to his customary role As adviser and strategist to democratic presidents and witnesses under fire from congressional committees of the past. This time he was under fire himself. Clifford 84, a former defense Secretary resigned abruptly last month As chairman of first american ban shares inc. Altman his 44-year-old protege stepped Down As its president. Clifford spoke at a packed hearing with Altman at his Side at the witness table. Altman a wife former television Quot wonder woman Lynda Carter and Cliffords wife Margery sat directly behind them. The government says first american was illegally acquired by Bocci in 1982.clark Clifford testifies on wednesday. A was the top officials in first american and As Legal counsel for the Bank the Clif Ford Altman team was in a unique position to know about Bocci s involvement a Gonzalez said. Referring to a Deal in which Clifford and Altman allegedly bought Stock with Loans from Bocci and netted $9.8 million Gonzalez said a these lucrative Stock transactions were not the Only insider game that profited these gentlemen. As soon As they assumed the executive chairs at. First american Legal business started flowing from the Bank to their Washington Law  a statement submitted to the committee by Clifford and Altman said first american was Quot honestly and capably run. And that our own conduct was entirely proper a but rep. Toby Roth r-wis., referring to the statement said a i done to believe a word of it. �?o1 done to believe you Are an amicable dunce a Roth told Clifford. Gonzalez said the banking committee is still trying to determine the exact amount of the Legal fees but he noted they May have exceeded the pair s profit from the Stock Deal. The banking committee is trying to find out what if anything Clifford and Altman knew about Bocci s relationship with first american. The lawmakers want to know whether Clifford and Altman misled Federal regulators when they said in 1981 that Bocci  have control of first american a Washington based Bank holding company. Bocci a founded by pakistanis owned by persian Gulf investors and based in Luxembourg a is enmeshed in a Mammoth banking scandal involving alleged massive fraud laundering of drug Money and support of terrorists. Rep. Chalmers p. Wylie of Ohio the banking committee s ranking Republican said documents obtained by the panel show that Clifford had extensive knowledge of Bocci s interest in acquiring first american s predecessor. Salomon lists fired exec s huge bonuses Washington up Salomon Brothers inc. Said tuesday that the former head of the investment firms government Bond trading desk received bonuses of $4.6 million in 1990, $3.8 million in 1990 and $2.8 million in 1989. The firm said Paul Mozer fired following a Treasury auction bidding scandal received a salary of $150,000 a year a plus a Bonus with the amount of the Bonus proposed each year by the office of the chairman and approved by the compensation committee of the  Salomon Brothers revealed Mozers bonuses in a letter to rep. Edward j. Markey chairman of the House telecommunications and finance subcommittee. Markey d-mass., had requested the letter by tuesday from the new York based Salomon Brothers. Last month As revelations of the Treasury auction scandal emerged Markey whose subcommittee has the main House jurisdiction Over matters involving Federal securities Laws said there is a a need to bring better regulation to the government securities  Salomon a powerhouse among primary dealers participating in Treasury auctions admitted improprieties in the auctions and the firms top four officers including chairman John h. Gutfreund resigned. Markey plans to ask the Federal re serve the Treasury and the securities and Exchange commission to commen by mid october on legislative recommendations. Warren e. Buffett the Omaha neb. Based billionaire who is serving As Salo monks interim chairman was schedule to testify wednesday before the Senati subcommittee on banking housing ant Urban affairs