European Stars and Stripes (Newspaper) - April 7, 1992, Darmstadt, Hesse                                Tuesday april 7,1992 the stars and stripes b Page 17 Money matters today s tip in an open display of anger and frustration Over  relations the chairman of Ford motor co. Has charged that what he Calls Japan a adversarial Trade policies remain virtually unchanged three months after president Bush a Mission to Tokyo. Harold a a red Poling also complained that the japanese have mounted a sophisticated Public relations Campaign to Blunt american criticism of their Trade practices and to prevent Washington from taking serious action. A they have a very Good plan of disinformation that they feed to various people that gets reported generously Poling said in an interview. Poling said that the White House blinded by the Ideal of global free Trade a an Ideal that does not exist in the real world he said a has appointed Trade negotiators who have failed to protect american industries and jobs. 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 s339.50 an ounce Silver at s4.12. April 3 april 6 British Pound.1.73800 1.74935 German Mark .1.6360 1 6200 French franc.5.5435 dutch guilder.1.8430 1.8255 belgian franc.33.68 33.34 Kalian lira .1,234.25 1,226.00 Swiss franc.1.4935 1 greek drachma. 190.50 189 25 turkish lira.6,267.60 6,223.40 saudi arabian rtyal.3.7501 3.7501 Spanish peseta.103.88 l03 portuguese escudo.141.14 138.55 Canadian dollar.1.1910 austrian schilling.11.5200 11.4220 norwegian krone.6.427 6.370 danish krone.6.3495 6.2885 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rates concerns the Sale of German Marks and British pounds to . Personnel for personal use and these will be 1.58 Marks to a Dollar and $1.79 for a Pound through tuesday based on mondays noontime Price fix Ings. Chiquita Hopes its customers will go bananas Cincinnati a Chiquita brands is betting a baby banana will Appeal to All age groups. The company is test marketing the a Chiquita Junior a which at Ivi inches is about 1 i inches smaller than a regular sized banana. The a baby banana is aimed at children the elderly and anyone who finds that 9 inches of banana is just too much. A your research showed us people put bananas on Cereal and there a often some left Over a said Jane Garvey Chiquita a National marketing director. A a it a hard to fit a larger banana in a Lunchbox or even a purse a she said. A seniors find a larger banana too  the smaller banana is found naturally in the group of banana clusters that grows closest to the plants Blossom. Walton Bentonville Ark. Up s. Robson a a Rob Walton was named chairman of Wal Mart stores inc. On monday succeeding his late father Sam Walton who helped build the company into the nations largest retailer. Sam Walton who became one of the richest people in the world through the Success of Nis business died sunday at 74. _ he was diagnosed with Bone cancer in 1990. Wal Mart sales Are expected to top $55 billion this year. His songs promotion was announced by David Glass president and chief executive officer of Wal Mart. Robson Walton 47, joined the Wal Mart Board of directors in 1978. Since then he has served As Secretary general counsel be of Wal Nior vice president and vice chairman. The company said that after bringing together what Many say is the strongest management team in retailing Sam Walton stepped aside As chief executive officer in Early 1988. The new chairman paid tribute to Glass who has been making the Day to Day decisions since 1988. A fall of us Are so fortunate to have such a capable management team. 1 think you would agree that David Glass is one of the Best management talents in All of retailing today a Robson Walton said. A your management team under David a leadership will continue to Lead our efforts to better serve our customers our Vendor partners our associate partners and our shareholders in the future a Wal ton said. The company said it has no plans to change policies or direction under Walton and will continue to look for operational guidance from its current management team. Since becoming president Glass  vide it sys a a Ern technology. The Walton family conduced satellite video and computerized inventory systems along with other mod tools 39 percent of Wal Mart Stock Worth $23.6 billion at the end of 1991. Joseph Ronning an analyst with Brown Brothers Harriman inc., said Wal Mart will continue to flourish because Sam Walton a did a fantastic Job in establishing a corporate culture that is now thoroughly imbued in the fabric of the company. Ira Best bet for retirement plan funds by Bill Doyle q i am 53 years old and was recently Laid off. I am seeking employment again As i would like to work until age 62. At the end of this month i will receive a $10,000 Lump sum distribution from my former employers retirement plan. What do you recommend i do with that Money to make it grow for comfortable retirement a tuck that Money into a rollover individual retirement account. By doing so you will keep the Lump sum and any interest or dividends it earns deferred from income tax until you make Ira withdrawals which you will be required to do after passing age 70v. Make sure you get that Money into a rollover Ira within 60 Days after receiving the Check. If you miss that deadline the $10,000 will be subject to income tax. Investors guide you sure As Heck done to want that to happen. It stands to reason that you want to keep your nest egg tax deferred until Ira withdrawal time Rolls around. The big decision is where to have your Ira you have a wide Choice ranging from absolute safety but Low income in certificates of Deposit to things that Are quite risky. My advice is to seek a Middle ground. Pick a group of True no Load Mutual of teds run by the same management organization which find executives like to Call a a  Start by investing in a Hind with growth in value As its investment objective. As retirement nears gradually switch into income of teds. Be sure to study a very carefully a the prospects each find sends you so that you filly understand not Only the potential financial gains but also the risks involved. Q i have transferred my Ira several times Over the years. As a result the statements from my current Ira show no record of the Cost of my original investments. When the time comes for me to make Ira withdrawals How will the taxable income be reported a your Cost does no to matter. The Type of Ira contributions you made determines the tax status of your Ira withdrawals. If you made tax deductible contributions All the Money will be Hilly taxable. If you made non taxable contributions the portions of the withdrawals resulting form these contributions Are free from tax. King Fri  Syndicate inc. Law workers ignore Back to work order East Peoria 111. A thousands of striking United Auto workers rallied at Caterpillar inc. Plants across the state monday ignoring an ultimatum to return to work or risk losing their jobs. A Small fraction a 300 by caterpillars count a of the nearly 13,000 strikers crossed the picket lines monday morning. Union members said they recognized some co workers but would not release their tallies of people who crossed. There was plenty of Yelling and cursing but things otherwise appeared peaceful. Caterpillar the world s largest maker of Earth moving equipment gave workers a 7 30 . Deadline to Cross picket lines and return to work or face losing their jobs to permanent replacement workers. The Union s strike entered its sixth month saturday. A they re trying to break the backs of their workers but it wont happen a Law Secretary treasurer Bill Casstevens said As he arrived to shake hands with Union members monday morning outside the East Peoria Plant. A a we re going to win. We re ready to negotiate he said. There will be no Mineral for the Law  Caterpillar said the decision by the few Hundred to return was a positive sign because More would gradually return in coming Days. We re Well on our Way today a said Wayne Zimmerman Caterpillar vice president. He vowed sunday that the company would get its factories up and running. A i think there a a lot of people out there who Are unemployed and will recognize our offer As an excellent package a Zimmerman said Caterpillar has 16,000 Law workers in Illinois York a. Memphis Tenn. And Denver. The strike has affected plants Only in Illinois. Caterpillar warned that help wanted ads would run m Illinois newspapers later this week. The company said returning workers will receive immediate raises that will boost average pay at the Illinois plants from $16.98 to $17.56 an hour. Workers also will be guaranteed no layoffs or Plant closings for six years. The Union wants a contract similar to one it signed with Deere amp co., with Cost of living increases a 3 percent raise during the first year and Lump sum payments equal to 3 percent during each of the next two years. Business Japan seeks to boost foreign paper purchases from wire reports Washington a the japanese government agreed sunday to press its major industries to buy More foreign made paper products opening up a potential $27 billion Market to american companies. To ensure the agreements Success the japanese government pledged to use its influence to break up the corporate protectionism that exists Between Japan a manufacturers of paper and cardboard and Japan a Industrial giants in automobile consumer electronics and other industries that buy Only Domestic paper products. Bank loses $358 million in 91 Washington a first american ban shares inc. Says it lost $358 million last year More than double its Quill ii Acu ainu us Davv us Vul my us a a a a my a . Former links to the Bank of credit and Commerce International. A a there a no question that its Hurt a said George l. Davis a former Citicorp executive who took Over As first americans president three months ago. First americans huge loss last year up from $158.5 million in 1990, largely stemmed from bad real estate Loans in the Washington metropolitan area. Boeing lays off 129 workers Seattle a the Boeing co. Has Laid off 129 employees As part of the ongoing reduction in its work Force. The layoffs Friday affected 120 workers in the puget sound area and nine in California Boeing spokesman Russ Young said. Those dismissed were part of a group of 443 employees who received 60-Day warnings in january. The rest were transferred to other jobs within Boeing