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Publication: European Stars and Stripes Thursday, March 21, 1991

You are currently viewing page 17 of: European Stars and Stripes Thursday, March 21, 1991

     European Stars and Stripes (Newspaper) - March 21, 1991, Darmstadt, Hesse                                Thursday March 21, 1991 the stars and stripes b Page 17 today s tip military commissaries in Germany the Netherlands Belgium and Italy will be closed on easter sunday according to a spokesman for the . Army troop support. Agency. A a col. Sandra s. Whitt commander of army commissaries in Europe said the facilities will be closed to a allow our employees to take part in this religious Holiday with their  commissaries that Are normally closed on sundays will not be closed for any additional Days officials said. Conversion rates London up wednesdays 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 $364.25 an ounce Silver at $4 01. A March 19 March 20 British Pound .�?z1.7685 1.7805. German Mark. 1.6625 1.6580 French franc,.5.5960 5 6515 dutch Guilder. 1.8295, 1.8558 belgian franc .33.6425 34.1975 italian lira. .1,207.00 1.230.50 Swiss franc ,1.4305 1.4195 greek drachma. 175.16 17740 turkish lira -. 3,589.90 a 3,666 00 saudi arabian Riyal a a. 3.7503 r 3 7502 Spanish peseta. .,.,.,. .100.90 102.38 portuguese escudo .141.50 143 81 Canadian Dollar .,1.1546 1 1557 austrian Schilling,.,.-,.�?z,11 4175 1159 norwegian Krone. 6.3540 6 4255 danish Krone 6.2250 6.3205 these 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 1.62 thursday based on wednesdays noontime Price fixing. New York Exchange Vort Ock exit be Quot a 15 m0st Active stocks if new Slock ism corp. Rwjr Nabisco we Fedl Natl Mage at amp to company blockbuster ent get corp Philip Morris Nike inc a Mobil Oil corp Compaq computer Warner Lambert Laidlaw inc b adv Micro docs Amer express Boeing co american Exchange composite trading on tuesday. Laie let net chg 6,324,400 115v4 otf12% 3.310.200 1014 off % 2,147,700 1.980,200 44v4 off 1 % 3444 up 1,979,200 12% up % 1.837,400 31 off1v4 1,787,000 66v off a 1.784,200. 45% off 1% 1,673,700. 6244 off % 1,627,000 61 i. Off 344 1.522,700 70% a off 1% 1,514,000 12v4. Offv4 1,478,500 10% up 44 1.459,200 26%. Off 44 1,399,200 47v4 off % ameriranycinkt.,2 the Lomast Active stocks in american Stock Exchange composite trading tuesday. Stock. Id a a a. A. F Stock Media general a Wang labs inc b Western digital Energy service Amdahl corp Echo Bay mines Dow chemical it a Forest labs inc Conti air Hodgs Salomon it. Sales 1,730.000 651.600 594.100 393,900 372.100 362,300 337,000 319.600 293,500 93apr 267,500 last 20 4%. 444 244 13v 844 444 36% 344 3v4 net chg. Off v4 off 44 off v4 off vib off 144. Up v4 up v4 up 2 a off a off a Dow Jones tue stay Dow Jones closing Range of averages 30 industrials 20 transport 15 utilities 65 stocks High 2908.17 1097.67 212.02 1026.69 Low 2840.84 1073.87 209.44 1005.15 clot change 2867.82 0 162.13 1084.80 0 1 14.99 211.08 off 0.63 1014.62 off 16.64 Council s new Book helps Public invest in better world new York up t doing Good is not an activity that is readily associated with making Money but if the Council on economic priorities has its Way More . Companies will be boosting their profits at the same time they arc Beine Good citizens. The Council publisher of the highly successful consumer guide a shopping for a better world a is stepping up its Campaign for the social responsibility of americans corporations with a new Book the better world investment  while a shopping for a better world exhorts Consumers to buy products made by companies that give to Charity promote minorities do not test on animals or adhere to other social policies the new guide seeks to guide investors who want to direct their dollars toward firms showing a sensitivity to such issues. The guide lists 100 companies selected to illustrate a Range of size Industry and achievement based on 12 factors the Council says indicate social responsibility. Each firm receives a rating on each category and a narrative account of its record. A a. A a Quot a a a a a a a a. A a. The total value of the investment in american companies subject to some kind of a social screening was about $550 billion in 1990, a Rise of about $50 billion from the previous year said the Council citing the social investment forum a Minneapolis based Trade group. The Lions share of that Money is invested by such institutions As state and City pension funds and religious groups. Individual investments in Mutual funds account for a smaller proportion. The increasing Public interest in putting your Money where your principles Are is stirring concern among More corporations said Alice Topper Marlin executive director of the Council and one of the authors of the Book. The Council she said got a 65 percent in crease in the number of corporations willing to provide information for the 1991 edition of a shopping for a better world a compared with the previous year. A we Are also getting quite a lot of requests from companies to meet with us and discuss How they can improve their ratings a Tepper Marlin said. The Council recently set up a meeting with Procter amp Gamble co. Of Cincinnati. Among the companies that appear most often in socially screened portfolios the Council said Are Apple computer inc. Of Cupertino Calif. Cummins engine co., Columbus ind. Citicorp new York stride rite corp., Cambridge mass. And Tennant co., Minneapolis. Counted among the More highly rated companies in the Book Are american express co. Of new York for promoting and doing business with minorities and women Gannett co. Rochester n.y., for its affirmative action programs and Pitney Bowes inc., Stamford,/conn.-, for its employee benefits. But there Are firms that have earned the disapproval of the Council in various categories including Phillip Morris cos. Of new York which is said to have poor records on charitable giving animal testing and Community involvement. A spoke onion for Phillip Morris said the company could not comment because it had not seen the Book. Also Arning Low Marks was general dynamics corp., the St. Louis based aerospace company. The Council said general dynamics has a poor record on the promotion of women and minorities and a Low rating on family benefits. Low grades were also Given to Raythelon co. Of Lexington mass Occidental Petroleum corp. Of los Angeles and Mcdonnell Douglas corp. Of St. Louis among others. The relation Between a Good social record and profitability is increasingly evident said Tepper Marlin. A firms ability to control its  mental Impact for instance has a Strong correlation to profitability she said since not creating the pollution to begin with is Likely to be much cheaper than cleaning it up. Secondary stocks rebounding with vigor after a Long dry spell Ings growth might stand out in a period when the business Cycle Isnit giving big new York a when they celebrate the Stock Market rally of the past few months Wall Streeter save their most enthusiastic tributes for the performance of the Little stocks. All through the Advance from last october a Market lows stocks of Small com panics have been making a big noise outperforming their a better known counterparts among the Blue Chipty. Until very recently Many experienced analysts remained sceptical about the staying Power of this recovery. The Long spell of neglect and Disfavour for Small stocks began in 1983. Several times these issues staged false recoveries that wound up frustrating their followers. But now some of those misgivings seem to be abating. Some venturesome analysts Are beginning to talk of an authentic revival for the shares of Young companies. A a. �?o1991 a the year of secondary stocks a runs the headline on a just published analysis by Rao Chalasani chief investment strategist at Kemper securities group in Cleveland a a period of out performance has begun in Earnest Quot Chalasani goes on to declare a that can carry on for a year or  precisely How powerful the Small Stock rally has been since last fall depends on what yardstick you use a and indeed on How you define a Small Stock in the first place. But by various measures the Little stocks have climbed twice to three times As fast As the big issues that make up the Dow Jones Industrial average. A yet even with that kind of performance behind them a smaller emerging growth stocks Are extraordinarily cheap by historical standards a maintains John Laporte an investment manager at t. Rowe Price associates in Baltimore. If this sector is indeed starting to Prosper again after so Many lean years Why now the Small Stock bulls offer several possible explanations. For one thing they say the economic climate a recession now and the Prospect of slow recovery perhaps a few months in the future a tends to put Young growing companies in a favourable Light for investors. Their special ability to produce earn by the stars and stripes Consumers Union has filed suit against an overseas military car sales company alleging that an advertising brochure used by the firm made misleading references to various automotive ratings published in consumer reports Magazine. The lawsuit was filed against Chrysler military sales which Sells Chrysler Dodge and Plymouth vehicles to service members stationed overseas. Consumers Union publisher of con Sumers report does not allow its ratings to be used for advertising or other commercial purposes. In addition the car company falsely claimed that the consumer group had recommended certain models of Chrysler cars As a a bests or a a recommended buys the Union said. Michael Pollet an attorney in new York who represents the consumer group said the car company stopped using its brochures shortly after learning Ger More mature companies much of a boost. In addition Many analysts believe the financial trends of the �?T80s that put and is proportionate Premium on big stocks a for example a frenzy of takeovers and corporate restructurings financed with debt a have now reversed. When Many people think about the typical Small growth company they tend to visualize a High technology venture of some kind. In fact veterans of this game say such a picture is Only partly accurate. Many a handsome corporate growth record has been built on distinctly Low tech foundations. Still technology is a big element in Small growth businesses these Days. A the �?T80s were chaotic for the technology sector punishing Small stocks More brutally than Large ones a Chalasani said. A the situation has changed drastically a technology companies have started showing positive earnings trends. A change in trends after a Tong dry spell perhaps suggests a positive phenomenon that can be sustained for a while.�?�. V a a a a Over ads that a lawsuit had been filed last fall. Negotiations aimed at settling the lawsuit out of court Are under Way Pollet said adding that the entire matter May be resolved within the next month. Pollet said the group got wind of the car company a brochures from service members overseas. A they brought it to our attention that the ads were using our name something we never allow and our readers know it a he said  
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