European Stars and Stripes (Newspaper) - March 13, 1991, Darmstadt, Hesse Wednesday March 13, 1991 the stars and stripes Page 17 Money matters to buy Stock or not to buy. Investment advisers Are split on the Short term advantages of jumping into the current Stock Market rally. True the Dow Jones Industrial average has rallied with Victory in the persian Gulf War and is now flirting with the 3,000 Barrier. While optimists believe that the rally is for real a and will last for some time pessimists worry that underlying problems tied to the recession in the states will slow Down economic recovery at Home. That could Dampen further Stock gains making it a smart move to wait a while before jumping into the Market. A. A. Conversion rates London up tuesdays closing rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British pounds other local currencies in dollars a. Gold was quoted at $364 25 an ounce Silver at $4.04. British Pound. German Mark. French franc. Dutch Guilder. Belgian franc. Italian lira. Swiss for no greek drachma turkish lira arabian Riyal. Spanish peseta. Portuguese escudo. Canadian Dollar. I austrian Schilling. Krone. Danish Krone. March 11 1 8510 1 5705 5 3535 1 773 32 39 1 173 85 i 3670 169 60 .3.439.50 3 7504 97 85.136 80 .1 1598 ii 068.61410 60440 March 12 1 8575 1.5680 53370 1 7675 32.285 1.171 50 1 3595 168 80 3.441 50 3.7504 97.61 136 25 1.1563. 11.06 6.14 6.0260 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 the Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.53 wednesday based on tuesday s noontime Price fix Imi. New York Exchange new York up a the 15 most Active stacks in new York Stock Exchange composite trading on monday. Stock sales last net chg. . 5.745.100 6 of Virr Nabisco i 4.698.800 10 of % Natl Semi conduct. 2.171.800. 7. Via up is Philip Morns. 1.951.800. 67.% up i Citicorp. 1.899.800 15%up i com with Edison 1.826.300 a 39% up % in corp 1.804.500 .129%. Of 2 % blockbuster ent 1,750.500 13vj pm % Mana corp. 1.361.500 25%. Of % gent electric. 1.337.500 68%. Up 1 % Pepsico inc 1.319.600 32%. Of %. Boeing co 1.300.400. 48% of 1 % Wendy s inti. -. 1.251.100 9% a of i Ames dept sirs 1.237.300 2% up % Amer express a 1.202.300 26% unch american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading monday. Stock. Sales last net chg. Echo Bay mines 900.000 8% unch Cunt air Hodgs 625.500 a a a up Hii Haven corp. 551.400 2% Ohab Wang labs inc b 384.600 a 3% unch Amdahl corp Quot a 354.500 15% of % it 312.300 5% up % carnival cruise 246.000 20% of a Western digital 244.400. 5% a up i Bat industries. 243.600 12 15-16 Ohk Dow chemical it 203.500 4 a up is Dow Jones new York Impi a Dew Jones closing Range of averages monday. ,. A a 30 Inaus trials 20 a Anspon 15 it Iii ies 65 stocks High 2975 m 1136 29 21271 1050 04 Low 2923 27 1110 54 209 32 1031 45. Close 2939 36 1h9 3b 211 64 1039 38 change of 15.84-0 15 82 up 1 19 of 3 75 troops go on shopping spree before leaving saudi Arabia by Dave sci1ad Middle East Bureau Dinah ran saudi Arabia a with the business of War out of the Way troops Are working the kinks out of their shopping Muscles and learning there s More to saudi Arabia than just Sand. The troops converging on the Eastern province s. Shopping areas say they re glad to be wearing wrinkled civilian clothes and getting in a Little sightseeing and souvenir Hunting before be tiding Home. Quot a a i m looking for jewelry an antique or most anything affordable that i can say i bought in saudi a said tech. Sgt. Bill Gulledge a Mechanic from am air Force special operations unit. A i bought a lamp looking thing across the Street. The shopkeeper said it was magical but 1 think its really an incense Gull dec 31, of Phoenix stood in a Small store specializing in brass rugs and other tourist items. It was he said his first taste of saudi culture since arriving nearly five months ago a i d like to find an open air Market but i m leaving pretty soon and probably won t have time Quot Gull dec said. Quot the people seem Friendly enough but they Pray what about five times a Day they close everything up then and that takes some getting used a Salesman at the store where the airman bought his incense Burner said he was t really sure about its mystical pow ers but lie was sure he wanted the americans to stay. Quot �?o1 Hope they stick around for at least another year a said Virgilio Sarmiento Quot 47, from the Philippines. Quot since the War ended so percent of our customers Are americans and we re Selling about 25 percent More than before the trouble started Hist a a Sarmiento said about 40 americans come into his shop each Day and spend about $ >5 each. Favorite items include saudi headgear Tea sets smoking pots and practically anything made of brass. Quot the soldiers Are very Friendly and curious and they till say they re glad the War is Over a Sarmiento said. Staff sgt. Dominic Esparza an administrative specialist from gulled gov unit said his first trip into a saudi arabian town reminded him of Mexico Quot Only its a lot cleaner Esparza was looking for things made in saudi Arabia but All he managed to find was a Small knife and a bottle of perfume. Quot everything else is imported he said. But lie was pleased to learn that the saudis lie encountered weren tas sensitive As he d been led to believe. A before we left the states we were briefed about them and Given a Long list of things we should t do a said Esparza 2b, from Tucson Ariz. A fall of the ones in be talked to seem Normal and Friendly. They speak Good English and even have accents from studying in the a a unlike the american troops. British soldiers have been going Light on brass a purchases. Re Cyl re buying electronic items instead. Quot me and my mates tire till getting stereos Vars video Ean Veras. And things like that a a said chief technician Mick Clark a 33-year-old Tornado Jet median in stationed in Scotland. Quot they Cost about a one half a As much Here because of the taxes. Everybody is taking something Quot a a one Small shop offered customers a selection of nearly 30 different operation desert storm to shirts. Fred Castilho a filipino Salesman said the Best Sellers induce one showing tin Al 1-64 Apache attack helicopter with Quot tank killer lettered across the front. Another read Quot who a Gonna Call Quot and depicted president Bush former British prime minister Margaret Thatcher and French president Francois Mitterrand in arching Side by Side. Underneath the Trio it read Quot Gulf one British Soldier in civilian clothes picked out a shirt with a More personal meaning. It showed a Patriot air defense missile tearing into an iraqi Send missile. Quot of Are you a Patriot crewman a Castillio asked the Brit. Quot no a he answered a but those patriots saved me Quot a military use of airlines helps lift profits by a Jis salpukas the new York times a for some of the nations airlines which enjoyed a Windfall ferrying troops and Materiel to the Middle East the return trip w ill provide More Welcome business. The Airlift of thousands of military peo pie and their equipment last fall helped some of the is airlines that participated fill seats that had been left empty by fearful travellers. The returning troops will take up so m e o t t h e s Lack i e it by co to t Inu i n g co n Cerns about flying overseas. But while the military contracts Are especially needed by struggling carriers such As pan am and Twa some other airlines would prefer business As usual. The government used about 100 civilian passenger and cargo planes in the Airlift to make up for its own shortage of planes. Beginning aug. 7, five Days alter Iraq invaded Kuwait the military Airlift com operated 15,5 10 flights. Twenty one percent of those were non military aircraft. Some 4x5,000 troops w Ere carried 63 percent on commercial planes and 534,000 tons of cargo were hauled 27 percent on commercial planes. Under wartime Laws commercial carriers must make their aircraft available on 24 hours notice. Ted Jones a spokesman for the Airlift command said the airlines Ycre paid about $300,000 a flight. Quot it was mutually beneficial a said a William Hoar executive vice president and chief operating officer of trans world airlines inc., who added that the airline a did Quot a testing for credit problems the nonprofit consumer credit counselling service has devised the following test to help Consumers determine whether they have credit problems. It 3j cd cd Are you borrowing to pay for items you used to buy with Cash is an increasing percentage of your income going to pay debts is your savings Cushion inadequate or nonexistent can you Only make minimum payments on your revolving charge accounts Are you near or at the limit on your a lines of credit do you take out a new loan before the old one is paid off or make a new loan to pay of the old loan Lyk Are you unsure about How much la you owe x cd id Are your monthly credit Bills More. Than 20 percent of your net income excluding rent or mortgage if you lost your Job would you be in immediate financial difficulty the counselling service recommends professional assistance for anyone answering yes to More than one of the nine questions. A amps Susan Harris nut make Largo amount of i loaf said Twa committed two or three Boeing 747s to carry personnel and other planes were converted to carry cargo a we were glad to have a use for the a air planes a he said. T he airline had Cut capacity on its North Atlantic routes by 50 percent after the persian Gulf crisis started aircraft Idle. For pan am the largest participant in the Airlift the troop movements proved timely. Although some flights we re disrupted in August and september when the airline still had Strong traffic the government work provided extra business during the normally slow Winter months. Some other carriers like Northwest United american and Delta said they made Little Money from the Airlift. Rise service. Washington Al nearly twice As Many Banks Are charging customers for the use of automated Teller machines As were doing so four years ago and the. Fees have increased sharply a consumer advocacy group says. Athe . Public interest research group says 78 percent of bunks surveyed recently charge fees for use of their machines nearly double the 40 percent recorded by a similar private study in 1086. The group said the average fee charged customers to use a Bank a own machines Rose to 65 cents from 26 cents. Average fees to use a machine not owned by the cardholders Bank Rose to 84 cents from 65 cents. The consumer group is urging Congress to Cap the fees or at least require their disclosure on the Teller machines screens
