European Stars and Stripes (Newspaper) - April 10, 1991, Darmstadt, Hesse                                Wednesday april 10, 1991 the stars and stripes a Page 17 _ Money matters today s tip spurred by the weakening Economy manufacturers issued a record 306.8 billion grocery store coupons in 1990 a More than 1,200 coupons for every . Citizen a Coupon tracking organization said. A in times of recession manufacturers revert to the basics Trade deals for the grocers and cents off to the consumer a said Kermit Myers vice president of the new York based advertising checking Bureau. Companies that handle Coupon redemption estimate that Only about 4 percent of All coupons Are Ever used Howe a or. A. A a a a  rates London up tuesdays closing rates for the . Dollar to other currencies. Figures arc expressed in dollars to the British Pound other local currencies in dollars. A a Gold was quoted at $364.25 an ounce Silver at $4.04. A. April 8 april 9 British Pound .1.7715 1.7908 German Mark. 1.1.6905 1.6765 French franc .5.7235 568.20 dutch Guilder. .1.9042. A 1.89 belgian franc. .34.7450 34.5050 italian lira. .1,255.70 1,246.25 Swiss franc. .1.4315 1.4100 greek drachma.183.75 182.35 turkish lira .3,746.10 a 3,738.50 saudi arabian Riyal. 3.7503 3,7504 Spanish peseta.,. .104.40 103.58 portuguese escudo.,.147.95 146.70. Canadian Dollar. .1.1542 1,1530 austrian Schilling .11.8975 11.82 norwegian Krone .6.5780 6.5510 danish Krone .6.4810 6.4465 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 1.64 wednesday based on tuesdays noontime  York Exchange new York up a York Stock Exchange the 15 most Active stocks in new composite trading on monday. Stock. Sales last net cig. Pepsico inc 3,281.300 3214 of it Saatchi Saatchi 2,470,100 1% 0 1% funds american 2,266.100 63 up % Amer express / 1.876,400 28�?T/4 0ff% Philip Morris �?T1,385.600 68 i up Avon product of 1,360,000. 31%. Unch Boeing co 1.311.400 48 i unch blockbuster ent 1,290,900 12% up % Chase Manhattan 1,282,500 17% unch Citicorp. 1,228,200 16% up % us corp 1,209,900 32% / up Wal Mart stores 1.126.800 42% up 1 % get corp. 1,101,000. 32% up adv Micro docs 1,086,100 11% up % Avon prod no. 1,046,900 44% a off vib american Exchange  up a the 10 most Active stocks in american Stock Exchange composite trading monday. Stock ,. Sales. Last he chg. Fruit of loom. 781,600 14% up metro Mobile b 742,000 12% off 1 Salomon Phi Bro 441,200 3% up epitome inc. 415,900 19% a off 1 % Echo Bay mines Energy service. 33rtdo 9% up 293,400 2% unch trans Lux corp 291,000 -5% up % Dia sonics inc a 258.200 4% up 1-16 Americus t 2 so 246,600 6% up i Dow chemical it 202,300 4% unch Dow Jones new York up monday 30 industrials 70 Tian sport. 15 utilities 65 stocks a Dow Jones closing Range of averages High 2929-21 1126 94 21693 1042.52 Low 2877.72 1108.78 214 10 1025.39 close 291856 1123 24 216.17 1038 86 change up 21.78 up 8.29 up 107 up 7.31 4-week fare discount program revives air travel Industry by Thomas c. Hayes the new York times. Dallas a the big discount fares offered by most Large airlines in the last four weeks attracted thousands of bookings by travellers after worries about the recession and terrorism sharply limited air travel in january and february. The fare discounts which expired monday were sold mostly to Consumers planning Spring and summer vacations executives at travel agencies and representatives for several airlines said. But they added that business travel also improved in March after a cease fire was declared in the persian Gulf and fears about terrorism decreased. A the Sale did its Job a said David Messing a spokesman for Continental airlines in Houston. A Leisure travellers needed an incentive to Start taking trips again. Now we have a situation where we have All the bookings that we would expect to have for this time of year. Two months ago that was not the  a the airlines Are still behind last years Load Levels but the Gap is closing a said David Paresky the president and chief executive of Thomas Cook travel a National company with Headquarters in Cambridge mass. Some airlines said last week in their regular monthly reports that March air travel lagged behind the Levels of last year but not As much As in january and february. American airlines which began the round of fare discounts March 13, said monday Htit it had booked nearly 4 million flights at the special discount fares by april 4, or More than 60 percent of All the flight reservations it accepted in the period a spokesman Tim Smith said most trips were for vacations and were scheduled for this month and next. A at this stage we Are very encouraged by the Early build in bookings based on these specials a he said adding that the volume of Calls to reservation lines had been heavy for the last week. Smith declined to say whether american anticipated a significant improvement in passenger loads this month from a year ago. A. A  the airline discounts a have stimulated Consumers to dig into their pockets and Start planning their summer vacations. A financial analyst Kevin c. Murphy the discount fares purchased through monday Are valid for travel through sept. 30, mainly for midweek travel at off Peak times and including a saturday night stay. On the new York to Dallas route for instance american Cut its lowest off Peak fare through May to $238 for a round trip ticket arid $318 round trip from june through september compared with $405 before the promotion. The number of passengers and Miles flown at american the nations largest airline was Down by 7.3 percent in March compared with the same month a year ago the airline said. But the March 1991 figure was up by 17.7 percent from february and by 1.7 percent from january. United airlines the nations second largest Carrier said the number of passengers and Miles travelled in March on All of its routes was Down by 6.9 percent from the same period a year ago. But John c. Pope the vice chairman said a we Are encouraged by the recovery that we Are currently seeing particularly in our Pacific  a spokesman at United a Headquarters in Chicago Joseph p. Hopkins said its discount Effort generated the second highest daily volume of Calls to the airlines reservations lines March 21. Of those Calls 39,000 were for International travel United a highest one Day total for tickets abroad he said. At Delta air lines the third largest Carrier traveler interest in its discount fares increased in the last few weeks followed by a a Rush to meet the deadline a said Noil Monroe a spokesman. Delta s count for passenger Tatul Miles flown Rose by 4.4 percent in March but the company attributed the increase mainly to the demise of one of its leading competitors. Eastern airlines. Kevin c. Murphy an analyst at Morgan Stanley amp co. In nov York declared the. Discount fares a Success. A they have stimulated Consumers to dig into their pockets and Start planning their summer vacations a he said. Murphy said that several  interpreted the response to the bargains As a hint of Consumers willingness to spend and that there were a some stirrings of an economic recovery out there.�?�. Although the deeply discounted fares have ended american said it would begin a new fare schedule that includes lower fares than existed before the March 13 promotion. The off Peak new York id Dallas fare is now $368 round trip for reservations made at least 21 Days before the first part of a trip the airline  /. A the fare for a 14-Day Advance reservation is $438, and it is $538 for a seven Day reservation. Half of the seven Day fare will be refunded if the trip is cancelled american said but no refunds would be made on the 14 and 21-Day Advance Purchase tickets. Smith of american said the airline s revised schedule would make longer trips More expensive in most cases except on such heavily travelled and competitive routes As new York to los Angeles. The now fares would also provide greater discounts for tickets purchased at least 21 Days before a flights departure Date than for those bought 14 or seven Days before the trip begins. American anticipates that More than half of its tickets will be sold with the 21-Day discounts Smith said. A a these and other aspects of americans revised schedule were announced March 13. The 21-Day Advance Purchase fares were added then. Smith also said that most other airlines had adjusted their schedules to match americans changes. Trump May turn new York apr most of the landmark Plaza hotel would be converted into luxury condominiums under a plan by owner Developer Donald Trump Trump said monday that he has drawn up a conversion plan aimed at raising Cash for his ailing financial Empire through the Sale of 800 of the plazas 813 rooms As condos. Some of the rooms would continue to operate As a hotel. The smaller units would have a Price tag of about $750,000, and the largest would go for several million dollars. Under the conversion plan Condo owners would have use of All hotel amenities including maid service and a con  also would have the option of renting the condos As hotel rooms and reaping the profits Trump said. Trunin s plan must be submitted to and approved by the state attorney general a office As required for Coop and Condo conversions in the City. The new York times on tuesday cited an unidentified source in the Trump organization As saying Ivana Trump will soon be removed As manager of this Plaza which opened in 1907. Ivana and Donald Trump recently settled their hitter highly publicized divorce. But Trump said tuesday that no Deci Sion on his cd wife a Job had been made. The conversion plan comes at a time when Trump is badly in need of Cash and is under pressure from Hank lenders to sell his assets. Trump bought the Plaza three years ago for about $390 million. The 19 Story French. Renaissance hotel opened in 1907 and sits at the Southeast Corner of Central Park. Its first guest was Alfred Gwyn no Van. Do Obilt son of Cornelius Vanderbilt then the richest Man in America. A since then guests have included Princess Grace the King of Morocco and the beatles. Execs no 1990 uses by the new York times Detroit a executives of Ford motor co. Did not receive bonuses in 1990, according to the automakers annual proxy statement released monday. More than 5,000 of the company a senior executives ordinarily receive bonuses when the company prospers. But profits plunged 77.6 percent last year to $860.1 million or $1.86 a share on Revenue of $97.65 billion. A because our profit level Wasny to sufficient to trigger the formula no amount was available for bonuses in 1990,�?� said Tom Foote a spokesman for the nations second largest automaker behind general motors corp. A according to the proxy statement Harold a. Poling Fords chairman and chief executive was paid $1.2 million for 1990, slightly More than the $1.18 million he received in salary in 1989. Poling did not exercise any Slock options in 1990. Philip e. Benton jr., president and chief operating officer received total compensation of $1.14 million by exercising Stock options Worth $348,750 in 1990. His salary Rose to $788,392, fat of $719,455 in 1989. A v