European Stars and Stripes (Newspaper) - June 06, 1991, Darmstadt, Hesse Thursday. Juno 6. 1991 the stars b Pago 17money matters today s tip a recent Issue of investors Magazine gives this advice on buying a a your chances of getting a Good Deal improve if you know the history of the Auto. If possible buy from a Friend or business associate someone you can Trust. Also ask for a copy. Of the repair and maintenance paperwork Aid consider hiring a Mechanic to Check out the car before you buy. Paying an expert $50 or $100 to uncover any potential trouble is cheap insurance a the Magazine rates London up a wednesdays rates for the . Dollar to other currencies. Figures arc expressed in dollars to the British Pound other local currencies in Dollar Gold was quoted at s362.75 an ounce Silver at $4.17. British Pound German Mark a. French franc. I. Dutch Guilder. Belgian franc. Italian lira Swiss franc 7. Greek drachma.,turkish Ira. Saudi arabian Riyal. Spanish peseta. Portuguese escudo. Canadian Dollar.,. Austrian Schilling. Norwegian Krone i.,. Danish Krone. These Are unofficial rates As reported by wire service and banking sources and they Are listed to give some idea of daily currency flue dilation. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be l71 thursday based on wednesdays noontime Price june 4 june 5 1 7035 1.694 1 7543 1.7517. 5 939. 5.933 1.9705 1.9718 3602 35.9925. .1,298.85 1.297.20 1.4915. 1.4985 .191.70 191.82 4,121 20. 4.133.30 .3.7502 a 3.7502 108.15 108.18 152 30 152 23 1.1435 �?�1.1448 12 2965 12.32 .6.812 a 6.7985 6 7175 6.701 new York Exchange a. New York up the 15 most Active stocks in new York Stock Exchange composite trading on tuesday Stock. Sales last net chg. Pepsico inc 2,893,300 31 a up vib Citicorp a a 2.788.200 17 a up 1 Cioc Buster ent 2,303,900 9vz a up % a Tele Lonos de my. 2,269.900 27y� of vhf Uniss corp. 1.931,700 4 a up % Rwjr Nabisco hid 1.898,300 10v4 a unch Philip Morris. 1,719,500 67 or. Up.a/8 waste mgt inc t,667.000. 41. Up 7a global Marine 1.619.600 4 is. Of a. Gent electric 1,514,300 �767s off a Glaxo holdings. 1,477.100 417s up 1 Pfizer inc a a 1,446,500 56%. A up a Gillette co 1.437,400 36. Up % general motors 1,432.200 42 avg. Oft w Ohio Edison co 1.369,100 180 1 vib Dow Jones new York up a now Jones closing Range of averages tuesday. 30 industrials 20 transports 15 utilities. 65 stocks High 3042.04 1256.35 211.77 1095 76 Low 299262 1230 08 209 63 1077 39 close 3027 95 1251.76 211.14 1091 26 change Oil 7. 38 up 9. 87 up 0 06 up 1 09 prices increase for unleaded Gas Orlando Fla. Up a the average Price of self serve regular unleaded gasoline Rose 0.9 cents to m.172 a gallon in the latest week the american automobile association said tuesday. Prices were Down in the mid Atlantic and West regions but were higher in other parts count a. . By Randy Mcclain financial writer service members trying to Book on commercial airlines to the United states this summer Are finding it difficult to get tickets. Quot demand for seats is out stripping the airlines Supply especially when it Conics to steeply discounted military tickets and a thank you air fares instituted for service members after the persian Gulf War. A was soon As the War ended we noticed an incredible Peak in reservations a said Gary Myers military sales specialist with United airlines in Frankfurt Germany. A it s a curve going Way up. June july and August Are heavily other airlines said much the same. Load factors a airline Lingo for the percentage of seats filled a Are running As High As .95 percent on some flights. A this summer is a Little More crowded than last year a said Bob Garey sales manager for Twa in Frankfurt. A nah the airlines came up with special offers to drum up business after the Gulf War and the promotions got people Back in the air a a airline officials said demand for seats is heavy on both sides of the Atlantic with stateside civilian travel being spurred by bargain flights offered for the past few months from the United states to Europe. A in terms of military travel there s also a very big pent up demand a Myers said. A there was very Little Leisure flying during the Gulf crisis. And the soldiers coming Back to Germany the first thing they want to do is to go Back to the United states to see their friends and relatives and relate their the relatively weak Dollar is also encouraging a europeans to travel to the United states. Marianne Raab sales director for us air in Germany said nearly half of that airlines trans Atlantic flights from Frankfurt to the United states Are filled with German vacationers. A the Dollar is not As Low As it was a few months ago a she said a but it s still rather Mary Jackson director of military travel corp., a charter service and airline reservations company in Frankfurt said military travellers Are the main Tea son seats Are scarce. But tickets Are available if people Are willing to be flexible about when and How they Fly she said. A if you look there Are seats to be found a she said a especially if someone is willing to change their plans and Fly the Day before or the Day after they originally wanted. The routing to their destination might be a Little Scenic but we can usually get them out on Jackson said demand for military discount tickets has come in spurts As thousands of service members. Have returned from the Middle fast in recent weeks. Most airlines were fully hooked Over the memorial Day weekend she said a an planes another Peak period will he the week of june 10 through june 14. Quot after that the. F ourth of july should be the next Jackson added. Light american airlines have trans at Lantie flights from Germany or England a to the United states. The eight arc Delta. Us air. Twa pan am United. Northwest. American and Continental which starts june 15 with flights from Frankfurt to Newark. . A t. / a service members their families and Dod civilians qualify Hgt a military Dis count tickets which generally Cost much less than full fare tickets sometimes several Hundred dollars less. But those seats can be especially hard to come by particularly on airlines that done to use wide body jets for flights to the states. United for example has daily flights from Frankfurt to Chicago and Washington on a Boeing 727, but that plane scats Only 164 passengers. Of those no More than 30 Are set aside for military discount fares Myers said. A there Are seats to he had. But you really have to Hunt for them a a he said. Michele Gerhard a spokesman Lor Delta in Frankfurt said discount scats Are available throughout the summer on Delta although a people who Call today and want to Fly tomorrow will he she said the busiest flights Are on weekends with somewhat greater availability of seats on weekdays. Automakers analysts optimistic despite 11.3 percent sales slide a by the los Angeles times Detroit a sales of new cars and trucks tumbled 11.3 percent in May but a quickening in the lethargic Pace of sales that marked the first four months of the a a year prompted automakers and analysts to voice cautious optimism tuesday that Auto sales May soon begin the climb out of their deep slump. A a based on a strengthening of various economic indicators we believe that the present economic Cycle has bottomed out and we expect to see a near term improvement in new car and truck sales As we head toward the 1992 Model year a said . Fitzpatrick general motors corps vice president for Communia a tons. A the no. 2 . Automaker issued a More sober sales forecast. A the economic recovery on Wall Street is not yet evident on main Street a said Ford co. Sales vice president Robert Rewey. A underlying economic weakness will moderate any near term sales on an annual rate basis 12.1 million vehicles were sold in May up from april s sluggish 11.2 million though still far Short of last May a annual rate of 13.8 million. Annual rates use seasonal patterns to predict the Auto Industry a sales rate for a full year. In 1990, a. Weak year for the Auto Industry americans bought 13.8 million cars and trucks. Since january annual vehicle sales rates have been Well below year ago Levels. A the situation Isnit getting worse which in and of itself is a Good sign a said Clifford Swenson an economist with Susan Jacobs automotive in Little Falls n.j., an Industry research concern. A a it a still nothing to jump up and Down about but the Overall assess a of a Merit has to be toward the a separate report released monday by the National association of purchasing managers appeared to reinforce the notion that Auto sales might Start to pick up soon. Purchasing managers in the metro Detroit area said that business conditions for the Auto Industry posted a Sharp Rise in May. A the most impressive aspect of May a Survey was the strength noted in the automotive sector response a said David Liniman senior economist at Mam fac tuners National Bank of Detroit. A both Auto and non Auto respondents cited Overall improvement in business conditions Between april and May but the Auto and Auto related group recorded the highest activity level since june 199 1, said. The brighter employment forecast for the third Quarter will also help bolster Auto sales Swenson said. A was the Market starts to look a Little better people Start to feel a Little bit More confident and a Little More Able to go out and Start spending Swenson said. Pm Ford and Chrysler corp. Posted a combined 12.6 percent drop in sales from last May. While japanese companies sales slipped 5.9 percent Chrysler fared the worst of the big three with car and truck sales Down 15.5 percent Tor the month. Pm said sales tumbled 11.9 percent and lord posted a 12.1 percent decline. Toyota sales fell 7 percent Honda was Down 4.8 percent and Nissan sales were off 7 percent. By. Tourism rate declining Noli rooms new York up arc cheaper and travel is up. But the number of . Tourists to new York Ity is declining. The new York limes reported wednesday. A die times quoted reservation clerks at several Manhattan hotels As saying bookings have picked up since the end of the persian Gulf War. But Are still 5 percent to id percent below last summer which. In turn was Down from the previous year. And new York is still too expensive Lor Many americans even though the average Price of a hotel room dipped to si34.01 for the first three months of 1991 from si38.96 for the 1990 period. Quot the group business and International tourists seem to be coming Back hut not the Domestic commercial business vet because of the recession Quot said John Fox a senior principal at a him that tracks hotel occupancy rates. The estimated 25 million tourists who came to the City in ids1 about $9 billion the Newyl Ork convention and visitors Bureau said. But tie total Impact is estimated at 512 billion the limes said. Domestic tourists outnumber to reign visitors 4-to-1
