European Stars and Stripes (Newspaper) - February 26, 1991, Darmstadt, Hesse Tuesday february 26, 1991 the stars and stripes b Page 17. Money matters today s tip if you want to kill two Birds with Tine Stone Fidelity investments the Mutual fund investment firm has a personal finance kit for children that adults might learn something from As Well it includes budget work so meets that even a Grade schooler can master. The kit is called a budgeting your Money a learning unit for to order it Call Fidelity toll free from Germany 0130-810175 England 0800-891141 and Italy 167874093. Dial As if making a local phone Call. From other countries dial 801-534-1910 in the states. Conversion rates London up a mondays closing rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars i a Gold was quoted at $358.00 an ounce Silver at $3,57. A a British Pound. A German Mark French Iran. Dutch Guilder .1. Belgian rare,., italian lira,.2,. Swiss franc., a greek drachma. Turkish lira.,saudi arabian Riyal a. Spanish peseta.-4 portuguese escudo Canadian Dohar. A austrian schilling.5 norwegian Krone ,.�?zu. Danish Krone feb. 22 1.9420 ,�.1.4960 a ,30.71 1,115.75 .1.2840 159.80. 3,219.90 .3.7503 .92.73 .130.57 .1.1495 10.4700 .5.8145 ,5 7200feb. 25. 1.9255 1.5176 5.1440 1.702031.18 1,130.90 1.2985 161.95 a 3.265.20 a 37503 94.00 132.35 1.1525 10.6225 5.8920 a 5.8075 these Are unofficial rates As reported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. A a a a a a the Only official rate concerns the Sale of German Marks to . Personnel for personal use and a this will be 1.48 tuesday based on mondays noontime Pelee fixing. New York Exchange York Stock Exchange composite trading on monday. A Stock. Sate last net chg. Ppr lip Morris a 3,730,300 a 68vs up % Inco Ltd a 3,430,509 31 a a unch Boeing co a a 3,147.200 467/a. 0 1,1 Pepsico inc. 2,522.000 33 Zoe up a Laidlaw in b. 2.485,000 167/8 a a unch Texas utilities 2,366,500. Mott % gent electric 2,303,800 70 up % Schering plough. 2.111,100 50 up 2% h3m�,�p 1,894,700 133va up Wal Mart stores l 1,749,900 37%. Up limited inc. 1,722,900 22% off % waste mgt inc 1,628.000 39% up 1% at amp to company 1,575.200 33%. Up % Baity m g corp 1,567,100 6 Citicorp. 1,492.800 15% Quot a off % american Exchange new York up a the 10 most Active stocks in american Slock Exchange composite trading monday Stock Conti air hides Weatherford inc fit o loom Hai Umoh it a Hil Haven corp. Sta foundation hath Amdahl corp Nichols instil amen Cus desc sales a 1,120.300 a 1,107.000 409.500 93apr 397.900 347,000 327.10q a 309.200 304.200 272.200. 268,700 Las 3. 5? 11 % 4h 2% a 4% 23 ii 16 a 13% 10 net chg. Up i unch. Up %. Up % up i up i up % up % 0 1 i up % do Jones in jul on Jones de sing a Quot Kay a a. Nee cd Ami Ages or s i1 j i t m a Uii Liritis s High 2935 m m3 86 31743 1043 52 Lew 2s65 35 1114 45 214 03 1024 82. Close 2tiii7 a 1127 42 21617 1034 15 change gel 1 49 up 2.47 up 0 52 a up 1.01 Allied Success in ground War lifts Dollar in foreign trading by Randy Mcclain financial writer Early Allied Success in the ground War against Iraq helped propel the Dollar sharply higher in european trading monday with some experts predicting Quot bigger gains to come. A i think what we re seeing at the to Merit is that the Market believes the War will be Over very quickly and that will strengthen the Dollar Quot said Gunter Tucich currency analyst with Bank of America in Frankfurt Germany. Late monday the Buck was trading on the Frankfurt foreign currency Exchange at 1,518 Marks a gain of More than two pfennig when compared with fridays closing rate in Europe. U s. Service members though will Sec an even bigger increase when changing Money on tuesday. Based on an Early afternoon Price fixing the military Exchange rate will be 1.48 Marks at Community Banks in Germany three pfennig higher than the military rate in effect monday. The Buck also gained against other european currencies monday afternoon. One British Pound was Selling for $ 1.929 on european exchanges More than a cent and a half better for the Buck than fridays closing rate. The Buck also edged higher against the belgian franc moving from 30.71 francs Friday to 31.25 francs late monday and against the italian lira moving from 1,116.5 lira on Friday to 1,135 lira monday afternoon. Tucich predicted the Dollar could reach 1.53 or 1.54 Marks in the next few Days if the Allied War Effort continues to go Dollar Mark Selling rate 1.60 1.50 aug. Sept. Oct nov. Dec. Jan. the . Economy will Benefit from a Quick War a Tucich said adding that american firms can be expected to win their share of huge contracts to rebuild Kuwait once the War is won. Stephen King economist with James Cape i amp co. In London Isnit quite so optimistic. Lie said the Dollar might gain for another Day or two but he then expects it to fall Back below 1.50 Marks before rallying once More later this year. A after the initial euphoria the Market will focus once again on the american Economy and the Economy is still very weak a he said. A a it a too Early to look for a turning Point for the Oil prices continued to fall on the world Market As traders shrugged off the possibility that War in the Gulf a. A a. A amps Susan Harris a could disrupt the world s Oil Supply. The Price of North sea Brent crude Oil april contracts fell monday morning to $16.25 a barrel from Friday s close of $16.62. V a a a there had been speculation Over the weekend that the Start of a land War to recapture Kuwait might cause Oil prices to increase by $3 or $4 a barrel for a Brief period but that did no to happen. A i guess its a Little bit like the Spike in prices that was supposed to occur when War first broke out. The wars been going so Well that Oil prices have just relaxed Quot said Steve Turner an nil analyst with Smith Fiew court brokers in London. A if there a been a bit More fierce fight ing by iraqi forces Oil. Prices might have spiked up. But that a not the Way. Its Chen a he staid. Signs Post War pact Hgt Joseph Owen Middle East Bureau a Riyadh saudi Arabia a the exiled kuwaiti government has signed a $54-million emergency cleanup contract with five saudi companies to help make the War ravaged nation habitable again. The five part agreement is one of 171 contracts Worth $ 1.25 billion that the government has awarded said Fahad Al a Sawi Kuwait a municipal affairs minister. American companies have received about 70 percent of the contracts Kuwait information ministry spokesman Mubarak Al Ami said. A this is not the rebuilding program. This is an emergency program a Al Hasa i said. A we believe it will take 90 Days but it could extend to 120 the rebuilding program has been estimated to Cost As much As $100 billion and could take five years. Kuwait Isnit the Only nation that will need to be rebuilt after the War iraqis infrastructure has been pounded by Allied air raids. To promote that rebuilding Secretary of state James Baker has proposed setting up a Middle East Bank for reconstruction arid development. In Kuwait each saudi contractor will be responsible for providing labor vehicles and material needed to remove burned vehicles and dead animals and otherwise clean up one of five separate regions of the country. The regions arc Kuwait City the Lla Walli and Ai Ahmadi districts in the South the far Anyah District in the West and the Al Jahirah Dis Triet in the Northwest. V the work would Start As soon As the War ends in Kuwait mines Are cleared and civilians in charge of emergency plans Are allowed to re enter the country Al Husari said. One other contract for sanitation and hygienic services has yet to be signed. A government administered team of civilian workers has bought substantial amounts of food water and Medicine to take into the country Al Hasa i said. The supplies Are stored in saudi arabians Eastern province he said. The team has been working in Washington since octo Ber. A Quot a a. A during a three month emergency period after the , coalition forces drive out the last. Iraqi troops the team expects to concentrate Only on Ipa King the Cou n. Try liable again. The contracts already awarded will provide. Kuwait with Basic amounts of food water and Medicine plus minimal medical communications utilities and transportation services and cursory building repairs. T hey would also provide for extinguishing the Many fires iraqi troops set at kuwaiti Oil Wells and for rebuilding the court Rye soil production facilities. A one of the urgent tasks will be the reopening of Airport Al Hasa i said. Kuwait airways still is flying five jumbo jets on some routes he added. Lie said the country will need some Type of Security guarantees after the government is restored. He refused to predict what form those guarantees might take. Asked whether he expected Lon term stationing of foreign troops in Kuwait he said a not necessarily diplomatic sources have said egyptian arid syrian troops would be stationed in Kuwait and other areas of the persian Gulf Region As part of a postwar peace pm it rce. In Exchange the two countries won id receive billions or dollars in economic Aid from Oil Rich Arab nations they said. Quot 1 Quot. Ies new Yorks amps a Queens real estate executive has assembled sponsors to adopt financially strapped families of desert squirm service Tony i Piazza said he has one problem with the program More sponsors than families a a when 1 got started i thought we d get swamped with families not sponsors hut it was the other Way said i Piazza whose program covers reservists in new York slate new Jersey and cd on neet Cut. A Pride is playing a big Factor Quot so far he has 2 families and about 1 h sponsors w Ith More on the Way. A we try to match families and sponsors geographically a he said. Quot the Money goes directly from the sponsor to the family. All we do is screen sign them up and put them under i Piazza s program families can receive Cash gilts up to $250 a month Lor up to six months. It he. Program has several guidelines a a primary family member must he the persian Gulf a children in the household must younger than t he family a current income rim d less now than he lore the War. Families May i Piazza j71 s s21-35s2 for he
