European Stars and Stripes (Newspaper) - April 24, 1991, Darmstadt, Hesse Wednesday april.24, 1991 the stars and stripes Page 17 Money matters american express co. Will lower its fees to restaurants that use its charge card As part of a marketing Campaign to boost the restaurant business. The move follows protests by restaurants about the american express fees which Are higher than those from other major charge card organizations. Some restaurants. Suffering a slump in business due to the recession had threatened to Boycott the card unless fees were lowered. An american express official said however that the move Quot had been planned for months and was not a response to the protests. The company said the lower rates reflect a reduction in costs brought about by restaurants submitting their charges electronically and will be available Only to restaurants following that rates London up tuesdays closing rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British a other local currencies in dollars Gold was quoted at $355.75 an ounce Silver at $3.95. British pound.-. April 22 april 23 .1.6935 1.7125 German Mark. .1.7640 1.7460 French franc. .,.5.9155 5.9420 dutch Guilder. I.1.9677 1.9838 belgian Iran. .36 1400 36.9925 italian lira. .1,292.50 1,300.20 Swiss franc. .1.4829 1.4590 190.40 turkish lira. 3,870.00 saudi arabian Riyal. .3.7502 3.7501 Spanish peseta. .107.60 108.45 portuguese escudd.,. Canadian Dollar. .150.40 150.90 .1.1565 1.1563 austrian Schilling. .12.292 12.3930 norwegian Krone. .6.7890 6.8540 danish Krone. .6.6725 6.7235 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 1.71 through wednesday based on tuesdays noontime Price fixing. New York Exchange new York up a York Slock Exchange Stock. At amp to company a Philip Morris. Adv Micro docs blockbuster ent Glaxo holdings nor corp a a Amer express Golden by Micro Pepsico inc a general motors ism corp Saatchi Saatchi Wal Mart stores Upjohn co Warner Lambert the. 15. Most Active stocks in new composite trading on monday. Sale 2.717.200 2.486.100 2.257.700 2,0.18,200 1.887.200 1.828.200 1,818.600 1.777.000 1,656,500 1.571.000 1,570.400 1.407.100 1.440.700 1.362.100 1,348,300 last 36 % 67% 12% 11 % 37 a. A 102 27% 24% a 32 % 37% 100% 1 % 42 w -45%. 75 1 net chg. Oil 1 i Oft % off off i off i up 5 i of1% up 7% a 0�% off 1 % off 1 off % up i Oft off 3% american Exchange new York up a the .10 most Active stocks in american Stock Exchange composite trading monday. Slock. Western digital Americus t ,. A a Conti air hides Bergen Brunswig Hill Haven corp carnival cruise Echo Bay mines Aspen Oil inc Dow chemical it a Americus 0d so sates 591,300 2 so 446,100 441,200. 329,800 a 319,000 276.800 220,600. 201.200 199,100 a 174,900 last 6 % 8% 2 % 27 i 2 i 23 i Xvi 1 6 % 7% net chg. Up %. Off a up % off 2% off i off % up % off i off i off % Dow Jones my a York up _ Dow Jones closing Range of averages 30 industrials 20 transports 15 utilities a 55 stocks a High 2962.13 1173 31 213.72 1059.11 Low 2911 63 1143 34 209 70 1038.04 close 2927.72 1151.62 210.95 1044.39 change off 37.87 of 20 45 off 1.70 Oil 14.24 by Chuck Roberts Middle East Bureau King Abdul Aziz a saudi Arabia a a British Corporal is bringing in $600 an hour Selling pictures of a place that most service members can t wait to briton making War photo albums Chi. Steve Hamlet said he can to keep up with the demand for the color photo albums that he and five other members of the British Royal air Force compiled in their spare time. These military entrepreneurs collected -29 of their Best Amateur photos and Are Selling them As a package for $16. Sales Are As hot As the temperature on the parking lot where Hamlet docs business from a table said he Sells 200 photo albums a Day. Lie s been on leave the last three weeks spending four hours a Day hawking his albums. Some service members have bought 10 of the albums of 3t>y-5-Inch photos. The aircraft Engineer said this week that he a sold $50,000 Worth of albums from his table outside the military Post Exchange at the saudi air base near Dhahran. His five friends were Selling the same photo album in Jubal and Riyadh before they returned to Britain. His Only overhead is the Cost of photo printing albums and the cafes Concession fee which he declined to discuss. Hamlet is reluctant to increase print orders because he said the Quality of the photos would decrease. The processing equipment being used is operating at maximum production a 5,800 photos a Day. There also is the time con suing task of filling the photo albums. Hamlet. Said he was up until 4 . Monday stuffing pictures into plastic sleeves. The Oxford England native said the business is a Success for several reasons. Many service members he noted did no to have an Opportunity to take photographs during the persian Gulf War. A there was a amps Gluck Roberts Chi. Steve Hamlet Sells another album containing photographs taken by him and other British airmen during the persian Gulf War the airman is hawking his photos at King Abdul Aziz a in saudi Arabia. An awful lot of people stuck out in Foxholes most of the time a Hamlet said. Others did no to i ave cameras or done to have the kinds of pictures they can show their children. A people have got an awful lot of pictures of dead soldiers but they can Only look at those for so Long. This is a family album actually. There a not any pictures of dead bodies a said Hamlet who plans to remain m saudi Arabia when he leaves the military in five months. The photo album includes pictures of iraqi scud missiles being intercepted Oil Well fires iraqi tanks the destruction in Kuwait City and iraqi prisoners being flown Back to Baghdad. . Army sgt. 1st class Walter Wil hams bought a photo album As a form of insurance. A i took several pictures on my own but i m afraid they night not turn out Well and there Are some areas i did no to get a said the Macon ga., native who works As a Parachute rigger. The photo album helps till a void for army spec. Scott Stutzman who was in need of camera repairs during the War. A i did t have because my camera broke a said the Salem ore., native assigned to the 10th trans co from fort Jackson . A a there a a lot of interesting pictures Here and 1 needed something to give my medals for Gulf service to entitle veterans to Federal Job preference by Mike Causey the Washington Post Washington a the men and women who receive the Southwest Asia military medal for service in the persian Gulf War will be entitled to veterans reference that will help them get and keep a Job with Uncle Sam the nations Argest and safest employer. This will be the first time since 1975 that a Large group has become eligible for veterans preference and the first time that so Many women will he among the eligible. The government generally stopped offering the Benefit with the shift to the All voluntary military Force. Federal agencies this week will receive. New guidelines from the office of personnel management on the perk. Anyone with veterans preference gets five Points added to a passing score on a Fedora Job test. They also get added Protection Over non veterans in the same Grade occupational group during layoffs. Disabled veterans receive a 10 Point preference and even greater Job Security. President Bush last month ordered agencies to take special Steps to help returning veterans. Creation of the Southwest Asia medal Means recipients get vet Erans preference. People with at least 180 Days Active military duty Between 1964 and 1975 qualify for veterans preference As Vietnam Era veterans even if they did not leave the United states. . N on a by Mike Causey. The Washington Post Washington a Federal workers who Are making payroll investments to their tax deferred Thrift savings plan Are on a winning Streak whether they Are in the Stock Bond or Treasury securities option of their special 401 k. Money in the Stock Market option a fund earned 14.36 percent during the last 12 months despite some losing periods in 1990. Investments in the Bond Murkot option of fund earned 12.23 percent during the last 12 months. Money in the super Safe Treasury securities option a fund earned 8.83 percent. In Calendar 1990 the a fund lost 3.15 percent. The of fund earned 8 percent and the a fund earned 8.90 percent. In 1989, a very Good year for the Stock Market the a fund earned 31.03 percent the of fund earned 13.89 percent and the a fund earned 8.81 percent. After losing Money in april june july August september and october of 1990, the a fund has been on the upswing. It earned 6.36 percent in november and 2.72 percent in december. In january earnings were 4.55 percent in february 7.07 percent. Last month it was 2.4 percent. The of undo a last losing month was in August 1990, when it w us Down 1,42 percent. Since then it has had a positive return. A
