European Stars and Stripes (Newspaper) - October 1, 1991, Darmstadt, Hesse                                Tuesday october 1, 1991 the stars and stripes b Page 17 Jnona today a tip Wall Street firms hired nearly 6,000 new workers in the second Quarter the first big increase since the 1987 Stock Market crash sent the Industry into recession. The securities Industry association said that employment at new York Stock Exchange member firms Rose to 214,925 at the end of june a 2.8 percent increase for the year. Wall Street employment had fallen steadily since the Stock Market collapsed four years ago bringing the roaring �?T80s to an end and triggering More than 50,000 Job cuts. But analysts and pm fusty executives said the second Quarter increase was stimulated by robust performances in the Stock trading and underwriting markets. They said it did not signal the Start of a hiring Binge. A a we re not going to open the floodgates in any Way shape or form said Patrick Walsh director of human resources at Merrill Lynch amp co., the nations biggest brokerage firm. Conversion rates London up mondays 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 $350.50 an ounce Silver aft $4.11. Sept. 27 sept 30 British pound.1.7350 1.7535 German mark.1.6875 1.6620 French franc.5.7475 5.6665 Outch Guilder. 1.8970 1.8729 belgian franc.34.3475 34.2500 italian lira.1,260.10 1,245.20 Swiss franc.1.4640 1.4505 greek drachma.187.40 186.04 turkish lira.4,703.90 4,680.10 saudi arabian riyal.3.7501 3.7503 Spanish peseta.106.54 105.19 portuguese escudo.145.54 143.71 Canadian Dollar. 1.1354 1.1316 austrian schilling.11.8575 11.6900 norwegian krone.6.5910 6.5010 banish krone.6.5025 6.4110 these Are commercial rates and can be 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 1.62 through tuesday based on mondays noontime  offers Bonus to curb worker absences Flat Rock Mich. A workers at a Mazda Assembly Plant could get a $1,000 signing Bonus and an extra Day off during the next two years if they approve a plan to end excessive employee absences Mazda managers have said that on an average Day 10 percent of the Flat blk plants 3,500 workers Are absent. That is compared with 2 or 3 percent at the company a japanese plants. Mazda and United Auto workers local 3000 ratified a three year contract last april allowing each worker up to four paid personal Days off a year. But on fridays and the Day before a Holiday production was often reduced or halted because there were so Many absences. Unemployment Relief available to civilians who lose Dod jobs by Mary Neth staff writer unemployment benefits Are waiting for . Civilians who lose their jobs in the military a reduction of forces in Europe. A most civilians and also former service members will qualify for such financial help a said John k. Marten sen the chief Legal adviser for v corps in Frankfurt. A they wont however be Able to file a claim until they return to the  Benefit rights generally Are based on the Law of the state in which a person last worked he said. If however that person was last employed by the department of defense or another Federal Agency outside the United states the rights Are based on the official state of residence. To be eligible to collect a person must have had a sufficient qualifying employment or earnings during the base period specified by his or her state Martensen said. The amounts that can be received vary he said. As of july 1990, the sum that could be collected weekly ranged from a maximum of $408 in Massachusetts to $134 in Nebraska and $120 in the Commonwealth of puerto Rico. Some state Laws deny the claim or reduce the amount of benefits received if terminal leave or Severance pay was paid to the claimant. A claims can be collected for maximum periods of from 20 to 30 weeks a Martensen said. After regular benefits Are exhausted additional weeks of extended benefits May be available in some states if unemployment is at a specified High level. A although states Are required to take claims even without any records its Wise to take along employment records a he said. A if a claim is based on Federal civilian employment you should take your notices of personnel action when you file your  these should include earnings and leave statements and a Standard form 8, he said. The latter gives the address of the payroll personnel office that keeps the claimants records. Former military members should have their do form 214, copy no. 4, and other separation documents. To receive unemployment compensation a person must be unemployed of course and must have registered for work at the local employment office in his or her state. After filing s claim the person must continue to report As required to the state employment office. He or she must be Able to work and available for immediate referral for any suitable full time  Chrysler awaits . Approval to raise Money with Stock Sale Detroit apr Cash strapped Chrysler  plans for a new generation of automobiles could get help this week if the Federal government lets the automaker sell 33 million new shares of Stock. The Deal could raise somewhere around $320 million for Chrysler a badly needed new vehicles including a family of midsize sedans due in showrooms next year and a subcompact car line expected in 1994. Chrysler lost Kerkorian $810 million in the first half of this year and Isnit Likely to turn a quarterly profit until the end of the year. New York ratings houses have dropped Chrysler securities to speculative or a junk Bonds ratings making it More expensive for the company to raise or borrow Money. The Stock Sale is aimed at improving the ratings. The company also wants securities and Exchange commission permission to assign 23 million More shares to its pension fund which is underfunded by about $3 billion. While battered Chrysler is healthier than it was in 1979 when chairman Lee Iacocca and others engineered a series of Federal loan guarantees that kept the company out of bankruptcy court. During the past two years Chrysler has been trying All sorts of ways to raise Cash and Cut costs by Selling entire companies and laying off White Collar employees. On aug. 7, the company took a slightly More drastic step by proposing the Stock Sale. There has been speculation that the additional shares will dilute the value of the outstanding shares by up to 25 percent. That would reduce the current equity held by stockholders including that of Chrysler a largest shareholder California billionaire Kirk Kerkorian. Kerkorian owns 22 million shares or 9.8 percent of the company. He insisted he bought the Stock Only As an investment. But when the Sale was announced last december the Chrysler Board immediately toughened its shareholder Protection or a Poison pills provision. Late last week Jim Aljian of Kerkorian a Racinda corp. In Beverly Hills said the reclusive investor was watching the Chrysler Stock Sale carefully and hoped it was a Success. When asked if Kerkorian planned to maintain his 9.8 percent equity in Chrysler Aljian said Only a emr. Kerkorian has made no decision in that re  through last week there did not seem to be a lot of excitement in the Stock offering. Since the offering was announced in August Chrysler Stock has fallen from $12.75 a share to $10 at fridays close on the new York Stock Exchange. If the Sec approves the Sale the Price is Likely to be less than $10 a share and any fractional decline can result in lots of lost Money for Chrysler. For instance if the Price is $10 a share the Deal would be Worth $330 million less brokerage and other fees. If the Price is $9.50 a share the value of the Deal drops to $313.5 million before fees Are taken out a decline of $16.5 million. Beginning sept. 3, Chrysler executives led by Iacocca met behind closed doors with . And european investors analysts and brokers trying to talk up the offering. Whatever the outcome of the Stock Sale Chrysler still has a financial Ace in the Hole one that carries a big risk. A group of Banks renegotiated a line of credit with the automaker making $1.7 billion available. But to tap it Chrysler would put up its Assembly plants As collateral. Cuomo in Japan to promote new York by the new York times Tokyo a new York gov. Mario m. Cuomo arrived in Japan on sunday night and headed into a round of meetings monday to promote japanese involvement in his state a and possibly his own stature As a National spokesman on the Challenge posed by Japan. Even at the last minute it was not Clear whether Cuomo would be Able to meet prime minister Toshiki Kaifu who was embroiled in legislative matters. But he was scheduled for sessions with foreign minister Taro Nakayama and Trade and Industry minister Eiichi Nakao. The prime ministers schedule was in doubt this week because of legislative wrangling that Cuomo might find familiar. Several Bills including one to Send troops abroad As part of . Peacekeeping forces Are bottled up in parliament. Later in the week Cuomo will meet with various business associations and some University students. Cuomo a main comments during his trip Are scheduled for wednesday in a speech to american but not japanese business leaders. He plans to talk to them about Trade relations with Japan which Many experts expect to be a major Issue in the coming presidential Campaign. The governor has said he has no intention of running for president and shows irritation whenever his actions Are seen in the context of a possible Campaign. For Cuomo a trip to Japan May be unusual. But these Days it is unusual for governors not to come to Japan. Most states have offices in Tokyo and according to the american embassy about 30 governors have visited Japan in the last two years to promote investments in and exports from their states. Japanese companies made $6.5 billion in investments in new York state in 1988, the most recent year for which statistics Are available. The firms also employ 43,000 people in the state state officials said