European Stars and Stripes (Newspaper) - May 30, 1991, Darmstadt, Hesse                                Thursday May 30, 1991 so the stars and stripes b Page 17money matters today s tip to. Consumer Confidence dipped a i attain this month As the surge of a Good feeling following the persian figuly War continued to Wane and families focused instead on lit shrinking Job opportunities and m Small income gains a business research group reported tuesday. The conference Board said its monthly Index of consumer Confidence fell to 74.2, Down from 79.4 in april. The Index dropped late last year during the confrontation with Iraq to a Low of 55.1 in january and then shot up to a 81.1 in March after Allied forces quickly rolled Over the iraqi army. The Index compiled from answers to mail surveys is based on a 1985 Reading of 100, a the euphoria which followed the Victory in the Gulf is wearing off and Peoples attention is returning to the realities of a soft Economy a a said Fabian Linden executive director of the new York based groups consumer research Cen. Ter. A a a. A conversion rates London up a wednesdays mid morning 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 s361.75 an ounce Silver at $4.1750. A a a. British Pound. German Mark. French franc. Dutch Guilder. Belgian franc. Italian lira., Swiss franc.,greek drachma. Turkish lira -.�. Saudi arabian Riyal i. A Spanish peseta. Portuguese escudo. A Canadian Dollar. ,. Austrian Schilling norwegian Krone. Danish Krone. These Are unofficial rates As reported by wire  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 1.65 thursday based on wednes Day noontime Price fixing. A new York Exchange May 28 May 29 .1.7435. 1.7350 .1.705 1 6955 5812 5.7600 1 9246 1.9008 35 235 34.90 1.271.65 1.261.701.447 1.447 .186 33 185.74 .4.025.00 4.017.20 3 7501 3 7501 .105 95 105.03 148 97 147.82 .1.1468 1.1461 12017 11.926. 6 62 661 6 5445. 6 4985 new York up a a the 15 most Active stocks in new York Stock Exchange composite trading on tuesday. Slock sales last net chg. General motors 2.979,100 40ya up. Varr Nabisco hid 2,796.800 11% up % Citicorp 2.456,200 16% a a up %. Philip Morris a 2,170,200 69% up 1 % Ford motor co 1,758,200 34y8. Up 1 % Glaxo holdings1,599.300. 42va up % Placer dome inc 1,590,800 13% up % Amer express. 1,586,200 25 up 1 /. Tel Fonos de my 1,583.600 27 Oft % Pepsico inc 1,490,200 32 a it up % ism corp. 1 1,441,700 105% up % Energy corp 1.391,400 24% Oft % get corp. 1,325,600 29% Oft % Fedl Natl Mage a 1,304.000 48% up % at amp to company 1,237,600 36% up % american Exchange new York Dpi a the 10 most Active stocks in american Stock Exchange composite trading tuesday Stock Amdahl corp Echo Bay mines Ivan corp. F Uit of loom Americus do so fast Aust pm Parker amp Parsly Hasbro inc Sofarro inc West labs inc sales 658.600 392.600 281.900 226.400 216,200 166.600 163.400 161.900 150,300 148600 last 16 8% �?�19va 14% 10% 9% 11 30% 39% 39% net chg. Oft is up % up is. Oft % up % up a unch up %. Up a up a Dow Jones t my York up iwo any a Dow Jones dosing Range of averages High 2965.12 Low close change up 44 95 >0 Quot full stats 2903 85 295886 7 a a Iii cons 1174 19 1151 62 1170 49 up 15 17 %  212 71 208 94 211 90 up 1 76 62 is a cos 1059 61 1038 60 1056 79 up 14 32 Power companies Campaign targets environmental claims Cox news service Washington a a group of Coal burning Power companies has launched an advertising Campaign aimed at. Rebut ing the argument that heavy use of Fossil fuel a especially Coal a threatens to disrupt the Earth a climates. A what you generally see in major a Media coverage of the Issue is that catastrophic global warming is occurring and that we have to take drastic action to Avert it a said Gale Klappa spokesman for the Southern co. In Atlanta. A he complained that Media Seldom report the views of a a growing number of scientists who Are sceptical about this scenario. To get the views of sceptical scientists before the Public the 24 Public utilities and the National Coal association Are test marketing ads that ask radio listeners and newspaper readers How much they Are a willing to pity to solve a problem that May not exist.�?�. A we want to Sec if we can bring some balance to the debate a Klappa said. Critics compared the advertising Campaign to a Long term insistence by the tobacco Industry that there is no a a proof that smoking causes cancer. Scientists say the concentration of Carbon dioxide in the atmosphere has been increasing for the last 150 years primarily As a result of combustion of Fossil fuels. Coal Oil and natural Gas. Atmospheric scientists recently started warning that the tendency of Carbon dioxide to trap heat in the atmosphere will cause an Overall a greenhouse effect Quot warming of the planet. According to some scientists this will Lead to prolonged droughts in some areas floods in others and increasingly destructive coastal storms. Goal gives off More Carbon dioxide than Oil or natural Gas. Companies such As the Southern co. Could be among the big losers under plans of some environmentalists and members of Congress to reduce the use of Coal As a Way to Lessen the severity of climate changes. Klappa said the Southern co. Utilities in Georgia Florida Alabama and Mississippi burned More than 45 million tons of Coal last year. A they Are trying to advertise the problem away Quot said ferry Plumart an aide to rep. Fete Stark. A Calif. Stark has introduced a Bill to establish a a Carbon tax a in which users of Fossil fuels would be taxed according to. The amount of Carbon dioxide they release into their atmosphere. Stark has said the tax would raise up to $35 billion a year and would cause Energy Effie Ienco decisions to be made a throughout the Economy a without the need for new government regulations. Plumart pointed out that the head of Southern a a California Edison t lie country a second largest Power company announced this week that the company would Cut. Its a Carbon dioxide emissions in 10 percent during the next decade and another 10 percent by 2010. / a at the same time you have this Poali lion of utilities trying to advertise the problem away a like cigarette companies arguing that smoking does no to cause cancer a Southern California Edison is saying evidence of global warming is compelling enough to take action  a t he advertising campaigns being test marketed in Flagstaff Ari Fargo n.d., and Bowling Green. By. Klappa said. The trial runs Are to Cost about $500,000. He said. A a a. Arizona state University climatologist Robert Balling who said he taped material for use in the ads said people a Are getting a one sided View of global warm  \ a a a a a a a. A a. ,. A it hese Guys with the Power companies have Good Point that there is a Sci Eutilie viewpoint that is not being communicated to the Public Quot Balling said he said lie believes the buildup of Carbon dioxide and other greenhouse gases will Lead to slight temperature changes increase cloudiness More rainfall and a some biological benefits associated with increased Carbon dioxide a a. Ism chairman delivers message lambasting laxness in company by the new York times in my a chairman read his managers the riot act earlier this month saying the company had a too Many people standing around the water cooler waiting to be told what to do a according to notes of his remarks obtained tuesday. Asserting that most divisions had failed to grow with the Market in the first Quarter John f. Akers gave a stinging internal review of the computer makers Progress in restructuring business activities in an informal talk before some of the company a fast rising managers. Notes from the hard hitting talk taken by one manager were distributed widely throughout ism on an electronic message system and have since touched Oft a Broad debate inside the company. Akers said the company could make excuses ranging from the Quality of its mainframe computers the Supply of its ps-2 personal computers organizational changes in the United states. But the fact of the matter is they Are All excuses Quot he said. T he company has too Many sales representatives popping out Lor Coffee with their customer and calling it a Call a the notes quote him As saying. The notes also quote him As saying a the tension level is not High enough in the business a everyone is too Damn comfortable at a time when the business is in  / a company spokesman said the notes were authentic but cautioned that it was not the first time that in my a chairman had made such remarks and that lie could not confirm the accuracy of any specific quotes. The memorandum has touched off an extensive internal ism discussion carried put on a computer conferencing system Over w to is to blame for in my a woes. Several ism employees said that in responding to the memorandum a number of employees had blamed Akers for Many of the company s problems. In the face of changing technology and rising Competition the computer maker based in Armonk n.y., has been try ii in to reshape its business for live cais by cutting costs and giving employees incentives to leave.  in december i9k9, it accelerated its Cost cutting by announcing that it planned to a a reduce its Domestic work Torce by More than 10,0 10 and taking a $2.3 billion charge against earnings in the  Quarter. A it his is not the lust time in be heard this  said Peter t Homs an ism spokesman a this has been the tone in the company for the last six months or so. Or. Akers has been delivering this  some time.�?�. Akers was quoted As saying , and tired of visiting plants to hear Nuth ing but great things about Quality and Cycle time and then to visit customers who Tell me of  the remarks were made to an ism management class the note taker was not identified. San Francisco up the Pacific Stock Exchange said tuesday that it plans to extend its trading hours by 20 minutes partly in response to the new. York Stock Exchange s decision to lengthen its hours Tor transmission and execution of orders. The use which currently trades until 1 -3 n m put said it will Start closing its sessions As of 1 50 . Psf beginning on or before june 13. The use which has asked for clearance of the Extension the a filing with the securities and Exchange commission used to be open for trading until 2 30 . Put. But the hours were Cut Back in the mid-1980s As a result of a Lack of substantial trading volume. The Nyser a recent announcement said its after hours trading would extend from 4 15 . De i to 5 . De i but Stock prices for this trading will he based on what they closed at Asol the end of the regular trading session at 4 . Use chairman and chief executive officer Lee Korins said extended hours had been under consideration Torso Nee time. A a we la be trading in a regular continuous auction Market 50 minutes longer than the nose not simply accepting and executing orders electronically at predetermined prices. A new Yorkus proposal Aims at ins Titu Lions. We re looking out for retail customers. Giving them a fair a second crack at the  the use also said it Koukl keep its routing systems open until 2 . Put to accept and Transfer one sided a Good till execution orders and offer Price protected executions at 2 . At nose closing prices