European Stars and Stripes (Newspaper) - January 7, 1992, Darmstadt, Hesse                                Tuesday january 7, 1992 the stars and stripes c Page 17 today s tip up to 10 percent of new York City area retailers May go out of business within the next year according to a report in a new York business newspaper. Between 8 and 10 percent of new York area retailers and apparel companies May not be Able to weather the financial crisis affecting businesses nationally and May be forced out of business r. Fulton Macdonald president of the new York based International business development told Crains new York business. A by the end of 1992, i expect 8 to 10 percent of new York area retailers will file for bankruptcy or go out of business a Macdonald said. Conversion rates London up a 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 $351.15 an ounce Silver at $3.92. Jan. 3 Jan. 6 British pound.1.8495 1.8705 German mark.1.5455 1.5257 French franc.5.2560 5.2070 dutch guilder.1.7271 1.7160 belgian ? 52 italian lira.1602 99 1 a a a Swiss franc.1.3715 1.75 greek drachma.�.176.95 176.10 turkish lira.5,12s2 a vision saudi arabian riyal.3.7499 3.7498 Spanish peseta.97.37 96.69 portuguese escudo.134.00 132.90 Canadian dollar.1.1491 1.1461 austrian schilling.10.79 10.70 norwegian krone.6.0350 5.5540 danish krone.5.9650 5.9300 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 1.49 through tuesday based on mondays noontime Price fixing. Tax lure asked for purchasers of big 3 cars by the new York times Washington a tax incentives for americans who buy domestically made cars could help stimulate sales and save a a dying Industry in Detroit a research organization has proposed. Calling on the government to intervene As an advocate for the big three automakers a report by the economic strategy Institute advocates diverting some Money from military research and development into a Low interest loan for a cooperative research and development project. The report suggested that the project be sponsored by the automakers. The Institute a Washington based group that conducts research on Trade issues is partly financed by Chrysler. Corp. And Ford motor co. But the groups president Clyde Prestowitz said its report on the Auto Industry was not directly paid for by the automakers. Proposals for action by the government include a personal income tax deduction for one year to Consumers who buy american made cars from the big three. Steelworkers to vote on pact after negotiated settlement a a a a a a a 1 k Coatesville a. A negotiators for Lukens steel co. And its Union reached a tentative pact to end a 3-month-old strike against the Small Pennsylvania steel company. The unions 1,300 striking steelworkers had been seeking their first  raise in nine years and improved health and retirement benefits. They were expected to vote this week on the proposal which was approved sunday. The contract proposal would end a strike that became widely publicized after Union officials took their gripes All the Way to Wall Street. Meeting with Stock analysts in november representatives of United steelworkers of America insisted that company management had spread unduly optimistic information about the company a ability to weather the walkout. The unions Hope was to bolster its negotiating clout by putting pressure on the company a Stock Price. The agreement sunday came after nearly a week of late night negotiations with a Federal mediator with the final stretch starting saturday afternoon and continuing through the night. Striking Lukens steel co. Workers picket outside the Coatsville pa., Plant. Company details of the pact were not to be re 0ffc a a and Union representatives reached a tentative contract agreement sunday to leased until Union officials put it before and fhe 3.month.0d strike. The 1,300 members of the United steelworkers local 1165. Union members # u a have at least a a a a a a a the the ded he company a production level four year offer before voting. Was actually much lower. Lukens makes a Union meeting was scheduled Tor Freavy steel plates for use in construction today. Projects heavy Industrial equipment and a no one should go Back to work yet a the military said local president Harry Haines. A the negotiators had resolved issues of Sala Union and the company will work out a and the use 0f outside contractors be Back to work schedule once the Mem fore Christmas. Be ship ratifies the tentative  the remaining obstacle was related to during the strike the company said it pension benefits. Union leaders had said operated at 85 percent of pre strike pro they wanted a $l,500-per-month pension auction Levels with no delays in filling or for employees with 30 years of service Ders by using 115 Union members who the monthly pension for an hourly work crossed picket lines 300 temporary Emer with 30 years at Lukens now starts at Plo yees and supervisors. About $600. Inventor of intermittent wipers the Union went on strike on oct. 1. Negotiations broke off in late november when management of the Plant walked out of a meeting at which the Union had presented its revised counterproposal. Talks resumed after a dec. 5 announcement by Lukens that its chairman and chief executive officer . Wilson had resigned six months before he was scheduled to retire. Wilson who had run the firm for a decade was the third Lukens executive to leave since september in what has become an extensive management reorganization. Detroit apr the inventor of intermittent Windshield wipers used in millions of vehicles worldwide is winning his court Battles with the automakers but has lost his lawyers. Attorneys who successfully argued the Case against Chrysler corp. Last month for the inventor said they dropped him for failure to  them. Intermittent wipers Are Standard or optional equipment on most vehicles. Wards automotive reports said the wipers were installed at the factory on 74 percent of All 1991 .-built cars. Inventor Robert Kearns said sunday that he has hired a new firm and Hopes to win his 18 pending suits against other automakers though he wont reclaim the time spent in litigation. Lawyers from the Washington d.c., Law firm of Reed lawyers Smith Shaw amp Mcclay told . District judge Avorn Cohn in Detroit on dec. 19 that they  represent the inventor because he owes them $900,000. Kearns 64, said the firm went Over budget. He told Cohn he had about $1.2 million left from his $10.2 million settlement with Ford motor co. In 1990. The Money mostly went to  debts income taxes and attorney fees he said. British company buys the european London apr Robert maxwells the european newspaper has been rescued by British investors who have bought the Money losing English language weekly for an undisclosed Price a court appointed administrator announced monday. The Sale is the first major disposal of Maxwell property following his death at sea nov. 5 and the subsequent collapse of his Media Empire. The future remains Uncertain for the privately owned daily news of new York and the publicly held sister companies Maxwell communication corp. Pc and Mirror group newspapers pc. Securing a future for maxwells properties has been complicated by allegations that he siphoned off More than $1.2 billion from his companies and their pension funds in a desperate Effort to keep his debt strapped Empire going. He allegedly used the funds to support the Price of Maxwell communications Stock service debts and cover operating losses. Martin Fishman the court appointed administrator for the privately owned european announced that the newspaper had been sold to a company controlled by David and Frederick Barclay. The 57-year-old twin Brothers have interests in real estate and hotels. The sunday times ranks them As Britain a 18th wealthiest family with a personal Fortune of $846 million. Charles Garside former Deputy editor who took Over As acting editor under the administrators is staying on As editor and general manager the statement said. Garside said in the statement a the future of the european is now