European Stars and Stripes (Newspaper) - February 05, 1991, Darmstadt, Hesse Tuesday february 5, 1991 Tuffe stars and stripes Page 21 Money matters routing number vital for ref uni electronic filing of tax returns is Heing touted As a Way to Speed refunds to taxpayers this year and the service will be provided free of charge at several army bases in Europe. One. Word of caution though. When a tax return is filed by computer information must be included on where to Send any refund. The internal Revenue service will Send refund checks directly to a customers Bank account but that requires providing the irs with the Correct routing number for your Bank. Misplacing a digit can result in refunds going to the wrong place. In Europe merchants National Bank a routing number is 074900123. In the United states merchants has a different number though. Check your Bank a number to avoid problems later. Conversion rates London up mondays closing rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound Oiher local currencies in dollars Gold was quoted at $368.00 an ounce Silver at $3,865,. A feb. 1 feb. 4 British Pound .1.9765. 1.9770 German Mark. ,1.4680. 1.4639 French franc. .4,9940 .4.9820 dutch Guilder. .1.6538 1.6530 belgian franc 30.25 30.25 italian lira .1,103.00 1,101.90 Swiss franc. 1.2520 1.2560 greek drachma. 157.80 156.70 turkish lira �?z.3,029.50. 3,023.80 saudi arabian Riyal 3.7503 3.7503 Spanish peseta. .92.65 92.38 a portuguese escudo. 130.65 129.55 Canadian dollar1.1618 1.1589 austrian Schilling 10.4050 10.3150 norwegian Krone 5.7860 a 5.7460" danish krone5.692 5.654. 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 a this will be 1.43 tuesday based on mondays noontime Price fixing. New York Exchange new York up a the 15 most Active stocks in new York Stock Exchange composite trading on monday Exxon coi fed Natl Mage Stock Chase Manhattan Citicorp Southern co a x Philip Morris ban America up Pepsico inc chemical Bank Eastman Kodak. Boeing co adv Micro docs general motors Varit corp genl electric 3,669.900 3.634.000 3.084.300 2.418.300 2,401,800 2.381.300 2.194.600 2.122.600 2,058,700 1.983.300 1,948,500 1,876,200 1.814.000 1,782,600 1,743,100 last 14 15 26v 51v 42% 58% 32v 27 .15% 45% 51 i 8% 35% 2v 65% american Exchange Victory in War won t bring Low Oil prices analysts say by Randy Mcclain financial writer service members in saudi Arabia who think they re fighting for cheap Oil had better think again. European analysts who follow the Oil. Market on a daily basis done to think an Allied Victory Over Saddam Hussein and Freedom for Kuwait will bring an extended period of Rock Bottom crude Oil prices for . Businesses and motorists. After the War according to analysts interviewed by the stars and stripes look for Oil to take a Brief dip and then rebound to the Low $20s per barrel. That a pretty much where prices stand right now after 2vi weeks of War. A i done to think anyone is fighting for $j0 a barrel Oil. I done to think that a in the Best interest of the United states and it would be a destabilizing Factor in the persian Gulf a said Fiona Nicol an analyst with Kleinwort Benson inc a London based brokerage House. Quot. Oil that cheap would bring Domestic production in the United states to a grinding halt and increase the country a dependence on foreign Oil she said. Plus producer nations in the Middle East can to survive very Long Selling their products at such a bargain rate Nicol added. Most of the analysts expect a decline in Oil prices to $15 a barrel once the War Oil prices Light Sweet crude for , n y. Mercantile Exchange january 1991 source Bloomberg financial markets a any a thank you is More Likely to come in terms of bigger saudi orders for . Military equipment and construction contracts for american firms As Kuwait re. Builds its shattered cities roads and with Iraq is Over. But there Are differing Bridges he said. Views on How Long that level might last. In Turners View Oil prices that Are too opinions Range from a matter of weeks to Low would work against both saudi Ara sex or eight months. Bia and Kuwait by limiting the Revenue Steve Turner an Oil analyst with Smith both nations could expect a Kuwait is new court co. Brokers in London said a going to need Short term Revenue to re variety of factors will work hand in Glove build and the saudis will need it to build to drive Oil prices Back up in the months up their defences a he said after the Middle East War. A a a in a say $10 a barrel Oil is possible but Only for a very Short period of time a he there a some Validity to the argument that president bus could use a Long period of cheap of Heel kick Start the United state Economy out of recession he said. But Othel factors including the presidents Oil Industry background Are More Likely to Lead Bush to promote $20 a bar recoil. A a quota said. A even the Rich Oil nations can to survive at one reason for War in the Gulf is a desire by the United states and its allies to create a new order in the Middle East that limits the influence of Iraq while promoting the More. Western oriented saudis he said. To achieve that goal. Turner president believes the saudis and their chief part $15 a ban w. Ners in the organization of Petroleum sex production in Short order he said porting countries need a reasonable Price several analysts said they done to expect for Oil of around $20 a barrel Oil prices to return to the $30-to-$40 per the London analyst discounts the Theo barrel Price Range reached right before by which is being advanced by some of the War with Iraq servers that saudi Arabia will Reward a a people have totally discounted any victorious United states after the War Long term disruption to saudi Oil supplies with extremely Low Oil prices. A by Iraq a said Richard Jones an Indus a i done to think Bush is going to lose his Bil roots so quickly a Turner said. The a Lent realizes Oil mired in the $ 10-ms-barrel Range would cripple Domestic try analyst with the county Nat West Woodman securities in London. To change that a a you a need a Lucky scud missile attack plus a feeling that there a a Good possibility of More to come a Jones said if it appeared that Saddam Hussein truly would be Able to disrupt Oil supplies the Price of Oil could soar Back to pre War Levels or higher he said a but that looks unlikely at the Nicol said her firm expects an average Erice Tor Brent crude Oil of around $23 a Arrel this year. Brent crude has been trading just under $21 a barrel in recent Days. After the War is Over Nicol said prices could slip to $15 per barrel for a Short while but they would rebound As Oil com panics Cut Back on production at that Price. A i see a postwar dip in the Price a she said. A not a collapse.�?�. Turner said he secs the Price of Oil remaining relatively stable around present Levels during the War As Long As the allies Battle plan against Iraq goes smoothly. After the War Oil prices will dip into the teens but open will move quickly to get prices up again Turner said. A a it a Only Correct to say we re fighting for Low Oil prices if you take the View that if Saddam kept control of Kuwait head be inclined to drive the Price of Oil substantially higher. A a we re not fighting for $10 a barrel Oil but to prevent $50 per barrel Oil a he said. Jones of county Nat West sees things a bit differently once the War ends he does no to expect Oil prices to collapse but he does think prices might fall a bit further and stay Low Roger than Many others. A Oil could fall to $15 or possibly below a he said and it would take six to eight months to rebound to the $20-a-bar-Rel said the United states and Sau Dia Arabia both would like Oil prices in the mid teens for several months after War ends. Oil at $15 a barrel would help the United states climb out of its recession he said and it would help saudi Arabia sell Oil to the Western world. A saudi Arabia needs something to rekindle Peoples Faith in the Middle East As a Long term source of Oil a Jones said. The Steep run up in prices prior to War with Iraq reawakened fears in the West of relying too heavily on the Middle East for Energy he said. The saudis could use a Short period of moderate prices to get the United states hooked once again on foreign Oil Jones said. Nitchy. Up up1% up i a pvt up2�?T/4 up 1 i up 2% unch up1% up1% univ it up. Off i up i Ulvi some new York up a the 10 most Active stocks in american Stock Exchange composite trading monday. Stock Western digital Boiar Charmco Dia sonics inc Amdahl corp fruit of loom Hill Haven corp nor up carnival cruise new York times instrument sys sales list net chg. 983.100 5% pvt 653,500 5 tip1% 616,200 311-16 unch 610,700 16. Up a 498,700 10% up a 450,300 to up 417,000. 1% unch 339,500 17 a off 308,100 22y< up1/ 306,700 2 up is Dow Jones new York up a Dow Jones Absing Range of averages monday High Low Clou Chu 30 industrials 20 transport 15 utilities 65 Stock chinos 2791.83 2714.05 2772.28 up 41.59 1085.33 1054.48 1080.04 up 16.57 207.75 204.48 206.87 up 1.51 997.45 971.58 991.54 up 13.78 by Effie Bathen Nurnberg Bureau Furth Germany a the names Mary Lyon or. Paul Dudley White and Margaret Mitchell Are on the lips of americans in Europe these Days. Who they Are just some of the notable people on the 1-, 2 and 3-cent Stamps being sold at military Post offices to supplement 25-cent Stamps whose Solo service was ended by sundays postal rate increase to 29 cents. A did no to Margaret Mitchell write a gone with the wind a a said one of the two dozen or so customers in line monday at the Post office near the Firth Exchange. A did no to she have something to do with watergate a asked another. No one seemed sure about the names. But one thing Many were sure of was that they needed the few pennies Worth of Stamps. A a there a Only three things in life for certain death taxes and postage stamp increases a one . Family member Phoebe Miles said monday. A spokeswoman for the army postal group Europe acknowledged monday that an unexpected High demand for lower denomination Stamps caused temporary shortages in some army Post offices m Europe. But she said that although a particular Post office May run out of Stamps its supplies can be replenished by the Community a custodian of postal All of the custodians in Europe have sufficient stocks of Stamps including a generic 4cent one she said. Air Force Post offices in Europe have spot reported any stamp shortages an air Force postal official said. Luis Munoz Marin was the name on some 5-cent Stamps that Keven Kraus bought. According to the tiny lettering beneath his portrait he was once a governor of puerto Rico. Kraus said he did no to mind paying the extra Penny though because he was mailing his income tax return and was expecting a refund. A Why not raise it to 30 cents a he said of the Price increase. A it would make it a Heck of a lot Miles also wound up paying an extra Penny to mail her late Bill when the Post office clerk ran out of Stamps totalling 4 cents. She just shrugged at the inconvenience. A a in a a . Family member a she said. A a in a used to things like that. A besides i did no to want to wait in line any longer. In a going to the v for those wondering about those faces on the Stamps Here Are the answers a Mary Lyon an educator founded mount Holyoke College a school for women in lo37 in South Hadley mass. A or. Paul Dudley White was one of the worlds leading authorities on heart disease in the 20th Century. A Margaret Mitchell did indeed write a gone with the
