European Stars and Stripes (Newspaper) - June 07, 1991, Darmstadt, Hesse Friday june 7. 1991 the stars and stripes a Page 17 today s tip credit reporting companies a which keep track of who pays their Bills on time and who does no to have come up with a plan to Spruce up their scruffy image. The Industry has recently come under attack from consumer groups for a history of mistakes in credit reports that can make americans seem like a credit risks when they really Arentt in response Industry officials say buy ads in general interest magazines like people and spots on National radio in the second half of the year to defend themselves As trustworthy. Conversion rates London up thursdays 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 sir at $4.35. A a Jijine 5 a june 6 British Pound -.,a a 1.694t.6875. German mark.,1.7517. 1.7515 French franc .5.933 5.9275 dutch Guilder. -�?�.1.9718. 1.9725 belgian franc 35.9925. A 36.005. Italian lira 1,297,20 1.296,90 a Swiss franc. ,.1.4965 a 1.4995 greek drachma 191.62 191.72 turkish lira. ..,. ,4,133.30. 4,138.40 saudi arabian hyal 3.7502 3.7502 Spanish peseta.108.18 a .108.25 portuguese escudo.,152.23 a 152.28 Canadian Dollar .,.,1.1448 1.1465 austrian Schilling 12.32 12.319. Norwegian Krone. .6.7985 6.822 danish Krone,6.701. A a 6.7255 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 Friday based on thursdays noontime Price fixing. New York Exchange new York up a the 15 most Active stocks in new York trading on wednesday. A a Slock sales last net chg. Security pacify. 3,165,100 28% a a a a a off % Pepsico inc. 3.071,600 30 Vamp a a off Rwjr Nabisco hid. 2,913,boo. 10% off % limited inc �2,881,800 29% a up % Glaxo holdings 2.812,400 a 43 a up 1.% inti technology a. my. 2,567,400. 2,537,600 9% 27% up vib up Oft %. Citicorp a a Quot 2.274.800 17% Goodyear tire Quot �2.198,700 a 31% up 1va blockbuster ent a t.955,600 m up. Shawmut Natl 1.785,700 6% up a a Uniss corp. 1.761.800. 4ys> a up % Beverly in Terr 1.759.400 11% up 1 Chase Manhattan .1,647,300 21% up % Philip Morris. 1,634,400 67 off a american Exchange new York up. A the 10 most Active stocks in american Stock Exchange composite trading wednesday Stock. Sales last net chg. Energy service. 862,800 a 3 once fruit of loom 607,000 .15% off a Hill Haven corp. 585,600 a 2%. Up % Echo Bay mines 418.8d0 8% up % Nabors indu frs 403,400 6% off a tubes de Acero 401700 10% a unch Bat industries 398,700 a 12 1-16 up 1-16 Ivan corp 345,900 23 up a Viacom inc b. 324,400 a 29% up % Amdahl corp 323,000 16% a unch Dow Jones new York up a Dow Jones closing Range of averages wednesday. A a 30 Indus nals 20 transports 15 utilities 65 stocks High 3042.93 1266 04 211 90 1098.54 Low 2969.49 1237.48. 209 44 1078 53 change of 22.58 close 3005.37 1244.53 off 7.23 210,70 Oil 0.44 1084.49 of 6.77 ., Poland sign pacts Warsaw Poland apr Poland and the United states signed contracts this week for aircraft telecommunications equipment and a financial Center totalling More than $500 million and representing the largest . Investments to Date officials announced thursday. A this is a great Day in terms of american economic engagement in a free Poland a . Ambassador Thomas Simmons said. Deploys to stores by Randy Mcclain financial writer facial spinoff from the is a chocolate bar from Rii stood the desert heat in being stocked on civil a a in time for sum h was con coded during the i Swap la to withstand 140 degrees Tih cat without losing its shape company officials say. Hershey foods corp. Is distributing the product nationally in grocery stores and has also established a toil free phone number for special orders Hershey a spokeswoman Bonnie Glass said company officials Are pleased with the products reception so far. But she declined to provide exact sales figures. The National unveiling of the desert bar occurred Over the memorial Day weekend. In Europe attempts Are also being made to get the product into military commissaries. Gene Elias Hershey a overseas distributor in Frankfurt Germany said the heat resistant Candy Isnit in the military system yet a but its something Well talk with them / a. The Candy bar is slightly thicker than the traditional hrs hey a chocolate and Sells for Between 45 cents and 55 cents in the states. Special ingredients make the bar heat resistant although the company Isnit saying exactly How it achieves that trick. Military fans desert bar include Gen. Ii. Norman Schwarzkopf who sent a thank you note to the company a Lew months ago Glass said. The spokeswoman said the company based m Hershey pa., Isnit trying to capitalize on the Success of the Gulf War by Russo my its desert bar into stores. But the Candy a packaging belies that comment. The bar comes in a Tan paper wrapper with dark lettering that looks a lot like the colors 011 the camouflage uniform worn by troops in the desert. The package is also emblazoned with a drawing of the Sun Hershey first developed a heat resistant Candy for the army in 1937, but that Brichke ration had a taste a just a Little bit better than a boiled potato Quot Glass said. The modern version a is a familiar taste trom Home Quot she said. The army approached Hershey a about developing the Candy last september by december the company had shipped an initial Batch of its product to the desert. By the end of the War nearly i million Candy bars had been shipped to the troops. Quot this was one of the quickest startups in company history Quot Glass said had been exploring heal resistant technology Tor a number of years but the desert bar have been pc elected so quickly without a push from the army. A we did not have a product in place,1�?TGlass stud. Latest economic news May signal recovery Greenspan says the Washington Post Osaka Japan a Federal Reserve Board chairman Alan Greenspan said wednesday that recent evidence suggests the . Economy has begun to recover from recession a Prospect that makes unlikely further cuts in interest rates by the Central s remarks though carefully couched marked his first assertion that a recovery appears to be under Way in contrast to his earlier View that the recession finally May be reaching Bottom. Although the Economy is a not yet. Clearly in an upswing a Greenspan said a the data for the last 10 Days have shaded the probabilities in the upward a a the probability of a Strorigel than expected recovery is rising slightly a he said at a news conference after a closed door session of the International monetary. Conference an annual meeting of top commercial Bank executives from around the world. He Drew attention in particular to re cent signs that new orders Are picking up Tor the nations manufacturers which might be reflected 111 May Job figures scheduled to be released today. The fed chiefs comments suggest the. Central Bank will Stop trying to stimulate the Economy with lower interest rates. The fed has aggressively sought to combat the recession by easing Nione tary policy including a Cut several weeks ago in the bellwether discount rate from 6 percent to 5�?~/�?T percent. The rate is charged by the Federal Reserve on Loans it makes to member Banks. Central Bankers around the world have been far More cautious than their political counterparts when it comes to cutting interest rates out of fear of kicking off rapid inflation. Greenspan a suggestions of caution on further interest rate cuts were sharply underscored wednesday by japanese and German Central Bank. Chiefs. Quot a Greenspan said recent statistics indicate that companies have stopped liquidating their inventories a that is they have stopped the typical recessionary he. Iia Vior of filling orders by Selling old stocks of goods. The fed chief said he is not certain that Jom Pames. Have started. Actually building inventories As they must do. When orders begin increasing in a recovery but he said tie Quot Mere ending of liquidation suggests we will begin to see a evidence that production arid employ mint Are bouncing Hackin the next few months. A a. Greenspan did not mention which statistics had impressed him. In the past several Days however figures have shown that Auto sales picked up strength in the last part of May in addition factory orders turned up in april after 10 straight monthly drops and a Survey of purchasing managers showed orders Rose even More last month. Greenspan also hinted that the l de is unlikely to drive interest rates higher anytime soon because of the favourable Outlook for inflation. Recent evidence he said indicates thu likelihood that inflation As we come out of the recession will be lower than when we went Disney sues 222 Over character piracy Burbank Calif. Up Walt Disney co. Filed Federal lawsuits wednesday against 222 retailers and distributors in California and Oregon for alleged piracy of Disney characters on apparel and other merchandise. The California lawsuit named 123 defendants while the Oregon action named 99. The lawsuits alleged among other things copyright infringement and unfair Competition. The items include to shirts Caps pins clocks watches stuffed animals cakes mugs dolls Piri Atas costumes and other the Disney characters include Mickey , Minnie mouse. Donald Duck Daisy Duck. Goofy pinocchio Scrooge Maduek and Eha racers from the motion pictures a who framed Roger Rabbit Quot a Dick Tracy and a the 1 it tie in the last six years Disney has filed 26 other lawsuits naming about 1,100 defendants
