European Stars and Stripes (Newspaper) - March 20, 1991, Darmstadt, Hesse                                Wednesday March 20, 1991 the stars and stripes Page 17money matters today s tip Bryant College a prestigious business school near Providence r.i., is offering 10 scholarships for veterans of the persian Gulf War. The yellow ribbons scholarships program will provide four year scholarships for five undergraduates and five full tuition fellowships for masters degrees in business and taxation a if every University extended this Type of Welcome to 10 returning veterans this would open the doors of the worlds finest schools to As Many As 15,000 qualified applicants a a school spokesman said. Conversion rates London up tuesdays 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 $364.75 an ounce Silver at $4.05. March 18 March 19 British Pound. .1.7925 1.7685 German mark., .1.6147 1 6625 French franc. .5.5115 5.5960 dutch Guilder,., 1.8065 1.8295 belgian franc 33.3025 33.6425 italian lira .1,207.00 1,207.00 Swiss franc. .1.4045 1.4305 greek drachma 172.62 175.16 turkish lira a a. 3,524.70 3,589.90. Saudi arabian Riyal. 3.7502 3 7503 spams peseta. ,99.79 100.90 portuguese escudo .,139.63 141.50 Canadian Dollar. 1.1559 1.1546 austrian schilling.11.2730 11.4175 norwegian Krone .6.2510 6.3540 danish Krone �?z.�?z.6.1515. 6.2250these Are unofficial rates As reported 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 1.58 wednesday based on tuesdays noontime Price fixing. New York Exchange new York up a York Stock Exchange Stock Lockheed corp Vanty corp Warner Lambert Tremont corp Rwjr Nabisco i Laidlaw Lnch a a Philip Morris. Blockbuster ent. Get corp. Ism corp a Nike inc. Ford motor co Amer express Pepsico inc Mcdonalds corp the 15 most Active stocks in new composite trading on monday. Salei 12,466,000 2,453,100 2.316.300 2.157,000 2,073,600 1,880,200 1.829.400 1,827,500. 1.496.700 1.491.300 1.441.300 1,278,900 1.277.300 1.258.700 1.201.400 last 40% 2% 72% 2% Tow 13 67 12% 32% 127% 47% 34v4 27% 33% 35 net chg. Off 2 % off % off 1 %. Up a up % up up off a off Vuk up 1 % off 2% up % off % off w up % american Exchange new y0r� up a the 10 most Active stocks in american Stock Exchange composite trading monday. / Stock Wang labs inc b Dow chemical it tie common inc. Omi corp Energy service Conti air Hodgs Western digital Amdahl corp foundation hath. Americus get so sales 944.300 603.600 437.500 431.100 249.300 211,800 186.600 183,600 164,900 164.100 last 4% 4% 1 6% a 2v� 3va 4% 14% 24 11% net chg. Off % up % up 3-16 off unch. Up % a off % unch up i off is Dow Jones new York up a Dow Jones closing Range of averages monday. 30 industrials 20 transport 15 utilities 65 stocks High 2960 64 �?~1106 96 213 15 1040 33 Low 2899 75 1067 27 210 14 1020 78 close 2929 95 1099 79 211.71 1031.26 change Oft 18 56. Up 1.06 Oft 0 75 Ott 3.90 air Force also offering help to members hit by late fees by Randy Mcclaln financial writer air Force postal officials said tuesday they want to help service members keep their credit ratings intact despite late Bill payments caused by mail delays. In Many cases service members with Apo addresses Are receiving Bills in the mail after the a payment die a Date has passed. Some creditors Are assessing late charges and warning of other collection efforts. Maj. Kathleen g. Tierney director of operations with the 7025th air postal so at Ramstein a Germany said the air Force has devised a form letter to explain the ticklish mail situation to companies that do business with service members. The letter will explain that mail delivery from the United states to Europe has been very slow in recent months because of extra Security measures at airports since the Start of the War with Iraq. The letter will ask companies to give special consideration to service members As Long As they repaying their Bills As soon As they come in. Companies will also be asked to set up earlier Billing cycles for Apo customers in the future. Tierney said the air forces letter is aimed at convincing creditors a not to penalize the customers credit rating because of late receipt of  the air Force policy is similar to one announced Friday by the army postal group Europe. A command spokesman with Navy Headquarters in London said the Navy will also handle re quests for let tors to creditors on a Case by Casc basis. However the spokesman said mail delays to sailors Haven t been As pronounced As those experienced by the army and air Force. Tierney cautioned that air Force postal clerks and postmasters will be told to guard against abuse of the system. Customers who have been out of town or who simply Haven t picked up their mail in a Long time wont be eligible to get a form letter she said. Quot in legitimate cases of slow mail though customers will be Given the form letter and tardy envelopes will be stamped with the Date received As further proof to a creditor that the customer Isnit to blame for paying late Tierney said. A we will Back stamp at the discretion of the postmaster a Tierney said. She suggested that customers who receive a Bill More than a few Days late from the United states should take that envelope to the postal window immediately and ask for help. Tierney said form letters wont be handed out indiscriminately. Customers will get a letter addressed to a specific creditor for each Bill that arrived late. The letters Arentt designed to be copied and used whenever customers want she said. A a a \ a a a a Tierney said her office Hasni to received a lot of complaints about Bills arriving extremely late from the United states but she said the problem is big enough that it requires an air Force Europe wide policy. A a Quot a a quota a this is a very involved Issue Quot Tierney added. A your mail is averaging seven to 15 Days to get Here. But there Are some documented cases with the mail arriving 25 Days late. Every Case needs to be assessed  Tierney said the air Force policy statement and form letters for creditors will be sent out this week. Post offices in Germany should have the letters thursday and offices in other countries will get them a few Days after that. The now policy is not intended Quot As an excuse for people not to pay their Bills on time a Tierney warned. A we have a responsibility to serve our customers but we also have a responsibility to the creditors that we not give carte Blanche across the Board approval to people for not paying their Bills on time a she said. A when creditors receive one of these letters we also want the letters to have  if thousands of form letters were a handed out to anyone and everyone who asked creditors  be receptive to them she said. A customers with valid complaints will get a better reception if there a some kind of control and legitimacy a she said. Once eminent Leipzig Trade fair May not survive reunification by Deborah Seward the associated press Leipzig Germany a former East Germany a most important Trade fair is seeking a new role under capitalism but participating companies wonder if the twice yearly event will survive., a year ago three months before the two German states merged their Curran cies the fair Drew More than 8,000 companies. This year its Down to just 3,162 firms from 46 countries a we came in the past because the interest from clients was great but that is not the Case anymore. Its much worse. There is simply no Money a said Reinhold Mergner of the Muro construction company in Western Germany. Mergner said his company a appearance this year at the Leipzig Spring fair traditionally the most important would be its last. A there is no future. Perhaps Leipzig can survive with specialist fairs but we Are not coming Back to the general fair a he said. Exhibits at the fair which opened saturday and runs through Friday Are Bro Ken Down into categories of technical and consumer goods. Items on display include everything from construction and farm equipment to electronics and foodstuffs and a wide variety in Between. Camille Sari a representative of the economic development department of the French City of Montreuil is also wondering whether to return to the fair. Companies from Montreuil and the surrounding area have exhibited for the past eight years at the Leipzig Spring fair. A a there a a drop in interest in this fair because some companies think Eastern Germany is the private Hunting grounds of Western Germany a Sari said. Quot we have the impression that this is a German German  the Leipzig fair  suffering from the loss of its once proud distinction As the pre eminent fair in vanished East Germany. Today it is just one of Many similar events throughout Germany. Leipzig organizers say they want to hold More specialized events in the fun Ture including Media fashion and construction fairs. But they face stiff Competition from other cities in Western Germany where working conditions Are far  in run Down Sachsen the state where Leipzig is located. While participants once were willing to tolerate the difficult conditions Lor a Chance to do business in East germ my  seem annoyed. Quot a a we have had our electricity Cut. I lie refrigerator we ordered was not Cliv ered. And it was very very difficult to get a hotel room tins year a Sari said. Telephoning abroad also requires hours of waiting / with the unification of the two Ier Many on oct. 3, Leipzig lost its  a unique place where businessmen from East and West could meet. Some companies that have come to Leipzig for years now find they have lost their East German clients. A it is very difficult. We done to have orders from our partners in former. Hast Germany. The companies done to exist anymore a said Alexander Zhdanov the representative of  a soviet electronics company. By George White the los Angeles times Texas investor Harold c. Simmons has sold most of his 19.8 percent stake in Lockheed corp. For $486 million opting to Cut his losses rather than prolong an expensive bitter two year Battle for control of the aerospace giant. Simmons who held the stake through his Houston based no industries inc., sold 12 million of his 12.5 million shares to Salomon Bros for $40.50 a share. No which paid an average of $43 a share to acquire the Stock in 1989, lost at least $30 million on the transaction and perhaps $100 million altogether conducting two costly proxy fights with Lockheed management analysts said. Both campaigns focused on Simmons criticism of what he considered Lockheed s diversification away from its Core defense and space businesses into com Putur equipment manufacturing and other Fields. With mondays Sale Simmons decided to drop his latest proxy War concluding he could not generate enough support from other Large holders of Lockheed Stock