European Stars and Stripes (Newspaper) - March 02, 1991, Darmstadt, Hesse Saturday March 2, 1991 the stars and stripes a. Money matters Page 17 today s tip the non commissioned officers association has established a new membership category for sctt ice members in grades Al through e-3. The new apprentice division will allow the lower ranking soldiers to qualify for certain Coa programs including medical Trust fund Grants and the organizations 16.5 percent annual percentage rate visa card. Apprentice division membership costs $10\ per year half the Cost of full membership. Contact local Coa offices for More details. Conversion rates London up fridays closing rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gold was quoted at $363.25 an ounce Silver at $3.76. A feb 28 March 1 British Pound. 1.1.9110 a a 1.8970 German Mark. .1.5240 a 1.5365 French franc 5.17.70 <5.2380 dutch Guilder. .1.7135 1.7315 a belgian franc 31.26 italian lira. 1,136.50 .1.149-10 Swiss franc. 1.3235 .1280 greek drachma. .-163.42164.70 turkish lira. .>.3,321.70 3.350.80. Saudi arabian Nyal .3.7504. 3.7504 Spanish peseta. .�?��?��94.65. 95.50 portuguese escudo 133.00 134.05 Canadian dollar., >.1.1506.,. 1.1495 austrian Schilling. 10,6860,. 10.7875. Norwegian Krone. .->.5.8450. 6.0020 danish Krone. 5.8450. 5.8940 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 1.50 through monday based on fridays noontime Price fixing. New York Exchange new York up the 15 to a Active stocks in new York Stock Exchange composite trading on thursday. Stock sales last. 32 4k net chg. Ford motor co 4,727,000 up 2 vib it corp 4,444,500 2h up i Wal Mart stores 4,388,100 35 i 0�1 a a Westinghouse Al 3,646,900 26 Vic off i Chrysler corp 2,948,900. 14 i up 1 a general motors 2,797,800. 39 via up 14i Philip Morris 2,352,200 66 off Fluor corp 2.265,500 53 putt off 2 i ism Corn. Dresser Indus 2,158,200 128 be 2,100,600 27 off i Glaxo holdings 2,075,000 37 i up 1 i Boeing co Pepsico inc Rwjr Nabisco it. 2,021.200 48 i up 1 off i 2,006,300 32 i. 1,976,200 9 % up Rwjr Nabisco p 1,681,700 31 i up 1 american Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading thursday. Stock fruit of loom. Energy service Nabors Industry Hasbro inc Dow chemical it Conti air Hodgs Echo Bay mines carnival cruise Amdahl coi Irp Weatherford inc sales 1,576,700 1,331,100 735.900 504.000 493.700 472.700 413.100 381.500 368.000 282.900 last 13 3vi 7 i 24 i 4 i 3% 8 Quot 17 i 14 a a 6 a a Natch. Putt up i unch up i. Up i up i up via up 1 5 unch up i Dow Jones new York up Dow Jones dosing Range of averages thursday. High Low 30 industrials 2923.51 2858.42 20 transport 1144.75 1122.36 15 utilities 214.91 211.90 65 stocks 1044.73 1023.66 change off 6. Close 2882.18 1131.17 unc 212.78 off 0.69 1031.36 off 1-7 . Hopes Gulf War Victory will revive sluggish Economy by James Bates the los Angeles times the War is Over. Now what about the peace dividend a with guns silent in the persian Gulf businesses and Consumers interviewed after the cease fire say they Are still fac ing several elusive economic enemies that still entangle the Economy. Among them Are tight credit rising unemployment sluggish Auto sales an overbuilt real estate Market and a battered banking system. And no Schwarzkopf style economic assault is poised to handle those problems quickly. A i can to increase my spending. In a. Broke a said Bill Bennett an unemployed construction worker from Reseda Calif. Indeed the Good news from the Gulf thursday was tempered by still More troubling economic announcements. Ford motor co. Disclosed that it will slash its costs by $3 billion and eliminate an unknown number of jobs. The insurance company Aetna said it will Speed up plans to Cut 2,600 jobs. Cit corp the nations biggest Bank disclosed a Sharp Rise in problem commercial Loans. Hilton hotels corp. Said its reservations plunged 15 percent mostly because of the seven month old crisis. Reservations at the hotel chains giant 2,525-room resort hotel in Waikiki Beach Hawaii amp Ere off by 25 percent. Retailers and Home builders also suffered is the invasion came right As their businesses were slowing anyway. A we can Trace the drop off in sales almost to the Day that Saddam Hussein invaded Kuwait a said Rick Sherman senior vice president of William Lyon co., one of californians largest Home builders. Still the larger question remains will patriotic feelings about sweeping the iraqis out of Kuwait in less than a week translate into More Auto clothing hous ing and airline ticket sales a its possible that the end of hostilities and the Clear Victory by the allies could convince Consumers that there slight out there after All. 1 dismiss it. But As a retailer in a not counting on it a said Stephen e. Watson president of Minn Apolis based Dayton Hudson corp., which owns the Mervyn a and target Chain stores. Auto makers Are among the biggest question Marks. The Price of Auto stocks Rose sharply thursday on the belief that consumer Confidence will be restored. But in a televised message to employees Ford chairman Harold a. Poling said that although Confidence May improve a we believe any recovery in automotive sales will be but some believe that if any War can boost consumer Confidence this one can because it a has made people feel Good about themselves again. It shirts with Gulf War logos still wearing Well with Public by Randy Pruitt staff writer fighting in the persian Gulf May have stopped but sales of to shirts with a War Motif Are still booming entrepreneurs say. Shops in Europe Are experiencing rapid fire sales daily As people snatch up the a desert storm mementos whose messages although somewhat dated by peace still reflect the upbeat mood of Many americans. A on Friday business was brisk at a a Scott its a a concessionaire shop in Ramstein Abs main Exchange Complex. 1 manager Scott Turner said business was Best in the Early Days of the War but started going Back up again when the cease fire was announced thursday morning. A a it a Kinda like the last Chance a he said. Turners latest inventory includes a spider covered shirt with the biggest spider bearing iraqi Leader Saddam Hussein a face. The shirt is labelled another garment pictures a Baghdad Bettye a bar and Gen. H. Norman Schwarzkopf is included on one shirt that boasts of a storming Normand and has a picture of tanks on the Roll. Jeff Stein owner of trophies in Wiesbaden Germany said his business is popular As Ever with americans and Ger. Mans 7 a -7 r a Quot. 7 a following the outbreak of the War Jan. 17, an anti War demonstration was staged outside Lindsey air station across the Street from steins shop v. A business was dead a during the demonstration he said but picked up later. A the following week 1 had just hordes of new German customers coming Stein said his most popular shirt pro claims a a in a Fly 8,000 Miles to smoke a camels. A we keep it Light a he said noting that he refuses to sell shirts bearing the like a Ness of Saddam. Shirts sell for Between 20 and 26 Marks $13.50 to $17.50. Elsewhere. Piero la Puca owner of a Andy did it Silkscreen printers of Naples Italy said he Hasni to experienced a sales slowdown since the fighting St c5frtrithjtlr�g to this report were Start Davidson in Germany and Gary Millar in Naplava Italy. 10.000 to pcs err s a Camel in so 6&s l Emmett Lewis or. Connie Dailey left and Sonya Garcia display two to shirts of the times
