European Stars and Stripes (Newspaper) - April 04, 1992, Darmstadt, Hesse                                Saturday april 4,1992 the stars and stripes b Page 17-Money matters today a tip \  x the Dollar edged downward Friday against the japanese yen following a rebound in Stock prices. The Greenback closed at 133.57 yen Down 0.18 yen from new Yorkus late rate thursday and Down 1.20 yen from Tokyo a close. The Dollar traded in a Range Between 133.40 yen and 134.30 yen after opening at 133.83 yen. The key nikkei Stock average Rose 273.68 Points a 1.5 percent a to 18,559.71 after plummeting 764.16 Points thursday. A dealer predicted the Dollar will be traded in a Range Between 132 yen and 135 yen next week although that could change after the release of . Unemployment figures Friday. 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 340.25 an ounce Silver at 4.06, april 2 april 3 British  German marir.1.6256 1.6360 French franc.5.5988 5.5435 dutch guilder.1.8601 1.8430 belgian franc.34.08 53.80 Kalian lira.1,246.50 1,234.25 Swiss franc.1.5105 1.4935 greek drachma.192.24 190,50 turkish lira.6,289.60 8267.60 saudi arabian riyal.3.7501 3.7501 Spanish peseta.104.64 in portuguese escudo.142.50 141.14 Canadian Dollar.1.1937 11212 austrian schilling.11,6325 11.5200 norwegian krone.6.584 6.4270 danish krone.6.4115 6.3495 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 British pounds and German Marks to . Personnel for personal use. Through monday this will be $1.78 for a Pound and 1.59 Marks to a Dollar based on Price fixings Friday afternoon at military banking facilities. New York Exchange new York up tin 15 most i Civ stocks in new York Slock Ewt Ungs com pot its trading on thursday not Chi. On b off 2v up it of off vhf off up off off 2 Vuk off off % off 1 off 1 Slock cams Energy corp trans co Energy at amp to company a corp Pepsico inc by corp Ford motor co Rwjr Nabisco hid Polaroid corp get corp Oik industries Wal Mart stores Bristol Myersq Exel limited Amer express co 3.324.300 2.972.400 2.852.200 2,795,500 2,188,800 2,072,800 1.861.300 1,730,000 1.654.200 1,646,600 1,527,700 1.495.400 1.405.400 1.403.300 1,381,900 15 9 40 15 v. 34 82v. 39 9 25 29 2 52 76 33 22 up 1 off american Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading thursday. Stock expo rate co la Chambers Dev a Americus get or pm group web Hasbro inc spi holdings of Smith a0 corp b Alia corp Wang labs inc b Sitori Lari a Etc. 1,873.700 1 up 917,600 9 unch 594.500 22 up 439,900 13 up Oti 427,000 23 420,800 5 off 362,800 26 up 334.800 40 0 12 310,000 5 Oil Dow Jones new York up Dow Jones dosing rugs d a mate thursday a cow club 30 our Toals 327706 3209.08 3234.12 of 16.21 20 transport 1392-19 1m26j 15unnm 205.31 j0j.12 203 62 00.87 65 stocks 1172.24 1148.55 1155.80 #7.39 irs Hopes to entice or Nail 6 million chronic non filers by Jim Luther a tax writer Washington the Federal government is setting its sights on the ultimate tax cheat an estimated 6 million couples individuals and businesses that Don t even bother to file a return. First comes the Carrot a program by the internal Revenue service to encourage non filers to join the system. Those who comply will be offered the Chance to pay Back taxes on the instalment plan. Then the stick. Irs commissioner Shirley d. Peterson said a team of 1,200 irs auditors will be unleashed on a the most highly productive non filers we can  criminal prosecutions will be used against chronic offenders she said. In Case the message needs driving Home Peterson told the Senate governmental affairs committee on thursday a the department of Justice will announce a Bunch of indictments on april 15 a the deadline for individuals to file their 1991 returns. It is part of an Effort by the irs to reduce two embarrassingly Large figures a the tax Gap exceeding $110 billion a year. This is the estimate of income taxes that individuals and businesses avoid each year by not filing returns exaggerating deductions or under reporting income. A accounts receivable. This is the backlog of assessed but unpaid income payroll and other Federal taxes which has grown from $96.3 billion at the end of 1990 to $110.7 billion a year later. About 60 percent of this is owed by businesses. Most of the share attributable to individuals results from failure to pay taxes when a return is filed or new assessments when an audit is completed. The Senate committee focused its attention thursday on accounts receivable As part of a hearing into an $8 billion program of modernize the irs computer system. Peterson said nothing is More important to the tax system than to phase out the 1960s-Vintagc technology on which the Agency relics. Even so she said a new analysis indicates Only about one Quarter of the accounts receivable backlog a or $29.1 billion a is Likely to be collected. Another on Quarter resulted from errors by the irs or taxpayers and really Isnit owed another one Quarter is owed by insolvent businesses and most of the final one fourth is attributable to individuals who just can to pay she said. In reality Only about half the corporate backlog is overdue taxes the remainder is interest and penalties. Fully two thirds of the backlog on individual accounts receivable is interest and penalties. Unemployment stays at 7.3 percent from wire reports Washington the nations unemployment rate stayed stuck at 7.3 percent in March showing no improvement from february despite signs of recovery in the Economy the government said Friday. The figures accompanied a second labor department report that showed Little growth in payrolls of the nations non farm employers. The number of unemployed people held at 9.2 million 2.5 million More than the Start of the recession in july 1990. Unemployment among adult men fell 0.1 percent but All other sectors remained unchanged from february. Unemployment for adult women was measured at 6.1 percent. But conditions worsened for teen agers and Black workers. Teen age unemployment increased 0.6 percent to 20.6 percent. Black unemployment Rose 0.3 percent to 14.1 percent. Hispanic unemployment was unchanged at 11.6 percent. White unemployment was unchanged at 6.5 percent. The number of people working part time who would have preferred full time work was unchanged in March at 6.5 million. The unemployment rate which is seasonally adjusted is derived from a Survey of households. A separate Survey of businesses showed a weak gain of 19,000 jobs in March. That followed a healthy increase of 107,000 in february but that number was revised Down from a previous estimate of 164,000. The disappointing jobs report for March came despite signs of revival in february including increased retail sales improved housing construction and a Rise in factory orders. But analysts said it is not unusual for employment increases to lag behind an economic rebound. Businesses often delay hiring workers in the Early stages of a recovery relying instead on overtime to meet rising demand until they Are confident the turnaround can be sustained. A there Are still layoffs going on a said economist Robert Dederick of Northern Trust co. In Chicago. A at this stage of the game you still have a lot of businesses under  no noticeable pattern emerged among the 11 Large states for which a March unemployment rate was reported. However new York which is holding a presidential primary tuesday had the biggest drop. Its rate went from 8,9 percent in february to 8 percent in March. Consumer group protests Kissinger s Board posts Washington apr a consumer group wants regulators to charge former Secretary of state Henry Kissinger with violating antitrust Law. Citizen action complained that Kissinger sits on the boards of competing companies a Union Pacific corp. Of Bethlehem a and Freeport mcmoran of new Orleans. The Washington based group sent its complaint to the Federal Trade commission this week. Edwin s. Rothschild citizen actions Energy policy director claimed in a letter to Etc chairman Janet d. Steiger that both companies a Are competitors in the Oil and natural Gas business and that each company meets the standards set out by Law regarding competitive  people found to have violated the ban against holding seats on competing companies boards a known As interlocking directorates a Are subject to an Etc cease and desist order for the first offence said the Agency spokeswoman Bonnie Jansen. Repeat offenders could be subject to a $10,000 Fine per violation she said. But Michael Masin Kissinger a attorney said that a both i and or. Kissinger believe he has complied Quot with Etc rules. Jerry Bremer managing director of Kissinger associates an International consulting firm based in new York said a the fact that he was on both boards has been considered by the Legal counsel of both firms. A a we be heard nothing from the Etc. If we do Well of course cooperate and should they Rule that or. Kissinger has to change his status he will of course  he said Kissinger 68, was out of town and could not be reached for comment. Jansen said the Agency has a policy of neither confirming nor denying the existence of investigations or requests for investigations. Business retail Chain is latest victim of Woolworth cutback strategy from wire reports fall River mass. A the Richman Brothers co., a Century old retailing Chain has fallen victim to retail giant Woolworth  new Cost cutting strategy. Woolworth Richmany a Parent company announced thursday that it would close the Chain which operates 260 stores around the country. The move is part of a strategy announced by Wool Worth in january to close sell or overhaul 900 stores. Hope rises with factory orders Washington a orders to . Factories Rose in february providing further Hope of an economic recovery. The Commerce department reported thursday that factory orders Rose 0.3 percent in february the second straight Small gain. The Commerce department said orders for both durable and non durable goods Rose to a seasonally adjusted $236.4 billion the second straight 0.5 percent Advance after falling 3.7 percent in december. Lack of Cash stalls a amp a sales Washington a the savings and loan cleanup Agency said it will cease sales of failed Thrift institutions until Congress provides it with More Money. The announcement thursday from the Resolution Trust corp. Came a Day after the House rejected 298-125, a Bill that would have kept the cleanup going for another six months