November 27, 1979

Bankers Trust Co lowers rata to 15 1/2%; Wells Fargo Bank, Pittsburgh National Bank, Mercantile Trust Co, First National Bank (St Louis), and Ameritrust Co follow suit; Bankers Trust chairman Alfred Brittain 3d says money-market rates have peaked; House Banking Committee chairman Henry S Reuss lauds move by Bankers Trust; is optimistic others will follow suit; some money-market officials, notably Frederick W Deming (Chemical Bank), Lacy H Hunt (Fidelity Bank) and John D Paulus (Goldman Sachs) comment (M)

SEC, after 3 1/2 year investigation, charges Gulf & Western Industries and its chairman, Charles G Bluhdorn, with 'improper' financial reporting and other 'fraudulent courses of conduct,' complaint entered in US District Court, Washington; also names executive vice president Don F Gaston as defendant; complaint further detailed; Bluhdorn issues statement calling allegations 'totally unwarranted and outrageous' (M)

Moinfar says Iran will decrease oil production starting next year, but declines to say by how much; warns that countries that adopt politically hostile attitude toward Iran face cutbacks or cutoffs of oil supplies; says Iran will seek to have OPEC adopt 2-tier pricing system involving higher prices for industrial West and some concessions for third world; will support OPEC efforts at raising ceiling on oil prices; repeats earlier statement by Foreign Min Abolhassan Bani-Sadr that Iran will no longer accept payments for oil in US dollars (M)

article examines police radar systems in wake of Nesbitt's ruling; Law Enforcement Standards Laboratory official Marshall Treado and Decatur Electronics engineer Jay Schreiber comment; diagrams (M)

NYS Commission on Judicial Conduct officially censures Manhattan Criminal Court Judge Antonio S Figueroa for improperly intervening in criminal case involving relative and then lying under oath when questioned about incident; Figueroa portrait (M)