September 25, 1979

US Under Sec Anthony M Solomon says he expects dollar to strengthen as result of projected improvements in balance of payments and inflation rate and upward revaluation of West German mark; West Germany raises mark by 2% against most other European currencies; Denmark devalues krone by 3%; Solomon says US should have $10 billion surplus in balance of payments next years; says West German Chancellor Helmut Schmidt will meet with US Treas Sec G William Miller, Federal Reserve chairman Paul A Volcker and Solomon on Sept 29 in Hamburg to discuss closer US-West German monetary and economic cooperation (M)

Article on decline of old specialty shops that catered to carriage trade on Park Av, NYC; notes appearance of chic service store that attracts newly rich; Douglas Elliman-Gibbons & Ives chairman Brewster Ives, shopkeepers and residents comment; illus (L)

Article on diverse uses of scanning electron microscopes; illus; drawing (M)

Because of a transmission error by The Associated Press, an incorrect table on cash prices was published in Business Day on Saturday. A correct version appears on page D16.

Senate Banking Committee approves bill to phase out Fed limits on interest paid by banks and other institutions on savings accounts; bill would require that interest ceiling rise 1/2 a percentage point a year from '82 to '89, when controls would end; would also reduce $10,000 minimum for certificate of deposit to $1,000, an amendment sponsored by Sen William Proxmire; Sen Alan Cranston opposes bill; Proxmire notes that bill would permit Fed agencies to phase out ceilings at faster rate than 1/2 point a year if they chose to (S)