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Publication: European Stars and Stripes Monday, August 6, 1990

You are currently viewing page 19 of: European Stars and Stripes Monday, August 6, 1990

     European Stars and Stripes (Newspaper) - August 6, 1990, Darmstadt, Hesse                                Page 20 the stars and stripes monday August 6,1990 Oil service regains Slick image new York apr thanks to rising Oil prices and the flare up of trouble in the Middle East some old stars of the Stock Market arc Back for a much delayed encore. Even before iraqis invasion of Kuwait on thursday the skimpy conversion rates London up a fridays closing rates for the . Dollar to other currencies. Figures arc expressed in dollars to the British Pound other local currencies in dollars Gold wan quoted .11$378 125 an ounce Silver at s4 06. A a. Any 2 Ann 3 British Pound. I 84975 1 85600 Gorman mark.1.6035 a 1 5930 French franc .5.4270 5 4270 Oulch guilder.1.8160 1 7945 belgian franc. 32 90 32 75 italian lira .1,185.20 1,166 10 Swiss franc. .1 365 1 350 greek drachma.-. 15b 20 156 10 turkish Irra. .2.675 90. 2,667 20 Spanish peseta. 99 20 97 90 portuguese escudo. .141 85. 140 20 Canadian Dollar .1.1525 1 1507 austrian Schilling .11 3400 11 1915 norwegian Krone. 6.2240 6 1605 danish Krone it. 6 1525 60650 these Are unofficial rates As re ported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.56 monday based on fridays noontime Price fixing. . Temperatures Ahil Crichl   Akron Canton e Albany a y i       Atlantic Clyt     Billings Birmingham r   Ion a Bridet  Brownsville a Buffalo a  i   Chi lesion i c e Chari a  a  c Rhi to 05 72 79. 68 9? 69 87 63 91-1 615. 85 62 62 46 86 67 91 91 96 74 69 74 a i 96 78 87 58 94 i 72 46 97 62 86 90 97 69 72 74 85 67 89 64 88 80 83 90 93 58 47 79 72 71  Cheyenne i a Al Iragui a Cun Innala Cleveland cult Randi spas c  a  Ccolumbus Olmut Concord n ii a Corpus  Dallas it to Ivl  Day tuna Bearn c. Denver a Des Momic Detroit.  i  Kim r    Fairbanks c fargo.1 f Lagitao r a  Hilo 92 70 69 51i 85 67 91 71 78 68 76 51 94 72 96 76 83 70 9? 6 100 73 88 75 82 67 89 73 80 53 -83 56 73 66 72 50 -91 66 88 67 82 69 100 59 91 72 79 53 78 46 86 50 73 65 list of new York Stock Exchange issues making new 52-week highs gave prominent places to names Ike Schlumberger and Halliburton from the Oil service Industry. And As the hostilities set Oft an explosive reaction in markets around the world Oil service issues racked up further gains. Until about a year ago it had been a Long dry spell for investors in Oil service companies which specialize in providing equipment and services such As construction and testing for Oil and Gas producers. The collapse in Oil prices or the mid-1980s, while helping the rest of the Economy and the Overall Stock Market to Prosper drove the Oil Scricc Industry into the red in 1986 and 1987. A subsequent recovery was slow and tortuous Oil service stocks lagged through most of the 1980s while the Dow Jones average of 30 industrials kept soaring to new Heights. Schlumberger for example had become a Glamour Nam it re it in the portfolios of investing institutions by the time it hit a record High of $87.25 a share adjusted for splits in late 1980. Then it lapsed into a Long decline that drove it As Low As $27.37 in 1986 and $26 in the. October 1987 crash. Since Early 1989, however the shares have More than doubled August 4 Hilo furl  furl  Fresno i  grand Junction a grand    Green  or Cenky a c a Hain Semigr.  Helena ,1 honolulu.1   c  Jackson miss c Jacksonville  Kansas City i  l Ake  lansing.1 Las Vega i l i1 v. I a i. M i 1 Ihnn Lii Lillie  89 7? 74 62 100 73 83 58 95 63 76 62 87 57 81 92 59 71 87 67 93 69 90 54 89 76 98 75 96 71 83 66 97 70 91 69. 59 52 86 59 91 70 95 75 71 60 109 80 90 71 83 92 53 71 los Engulos louts  Lubbock a     Miami   Milwaukee c mils is  Mobile a  Nashville a new Orleans a new York    c Nemih  Oklahoma  Omaha.   Peoria,1 Philadelphia r  Pirts Huighe Hilo 79 66 93 73 85 63 96 72 84 57 106 63 95 76 90 b0 87 69 85 66 77 97 98 58 76 75 93 do 96 74 92 71 93 7388 68 83 58 83 71 8? 54 93 75 85 71 83 63 92 71 103 05 84 7t from $32 to about $67. Similarly Halliburton after falling from $87 in 1980 id $i750 in 1986, has rallied Back above $55. Baker Hughes the product of a 1987 merger Between the Oil serv ice companies Baker International acid Hughes tool co., has since jumped from $11.12 to around $33. Some of that dramatic revival has stemmed from an improvement in conditions that has already shown up on the Industry a Bottom line. Few analysts dispute that further profit recovery is in store. European weather forecast for monday Central and Southern Germany mostly Cloudy with morning fog arte noon Haze and isolated Light rain showers. Extreme Southern Germany will have isolated thunderstorms. Northern Germany Encl he  be partly Cloudy with Gusty winds. High temperatures 64-68 North 72-75 South taws 47-si North 55-60 Central and South. Sunset monday 9 00, us rinse tuesday 6 03, Outlook for tuesday continued mostly Cloudy in Central and Southern Germany with morning fog and oho Moon Haze. Northern Germany and he Benelux will continue parity Cloudy with Gusty winds. High temperatures 62-65 North 7q-75 Central and South lows 42-45 North. 53-55 Central and South temperatures recorded sunday. A a 4am 4pm 4 am 4 pm 72 99 Copenhagen c. 66 66 68 Frankfurt c 8t London p a 88 Marlin 90 my inti p Adana p Amsterdam p a Athens a Avi Asel Fife rim. P. Bremerhaven. P Brussels p 63 77 73 68 61. 68 64 pans p 77 Home 1 66 64 68 57 73 73 provided by oct 13. 2nd weather wig. Fiasco tra Bann Altier Widd wide temper Hures Cairo. I Dublin c Helsinki t Jerusalem Lisbon i High Low 93 High Low 73 mull real f 66 64 68 54 Moscow p 75 54 75 59 Oslo c 75 5 1 95 68 Toronto c a 8? 66 95 64 Vancouver f 79 55. A supplied by me  press p partly Cloudy c Cloudy f Lair a of Lohi la Pocatello f 94 51  93 73 Pori ,line,r a 90 63 Sioux  e3 52  p a 100 69 Sioux Falls 60 a 50  .90 67 South  77 64 pub Bio a 83 52  9 65 flame Ign c 92 72  .1 84 66 rapid  79 60  it 83 65 fiend c 98 62 Syracuse r 88 72   88 71 tallahassee1 c 9b a 73 Roanoke a 90 7 is per Sig c 95 �75 Rochester a y a 88 67 Toledo c 71 60 Rockford f 83 62 Topeka,1 87 62 sacramento.1 98 59  99 76 s1 Louis 82 60  92 7t s Thomas a i a. 93 81 Tupelo c. 94 73 Salem Ore a 99 58 Waco t 95 72 sail Lake  91 63 Wash .0 c r 90 71 san  89 69 w Palm  94 75 san a Iton pc 95 78 wic Tula 88 62 san  76 67 Wichita  89 71 6? san  69 56 wakes  83 san Jose 80 m wit Mugion. 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