European Stars and Stripes (Newspaper) - June 22, 1991, Darmstadt, Hesse                                Saturday Juno 22,-4991today s tip business executives in Many parts of the nation expect higher sales and profits in the next Quarter a Dun and Bradstreet Survey released last week indicates. Optimism about sales Rose in every Region except new England while optimism about profits increased in seven of nine regions compared with results from dunes second Quarter Survey. A now that the postwar Euphy Ria has worn off business expectations Are More in line with recent reports of a modest recovery in the near future a said Joseph w. Duncan the firms vice president and chief economist. Conversion rates l Ondon up a fridays. 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 $367.25 an ounce Silver at $4.43. I a a june 20. June 21 British Pound .1.6388-. 1.6295 German Mark .1.7895 a 1.7995 French franc .6.092. 6.1125. Dutch Guilder 2.003 2.0274 belgian franc .36.91 37.015. Italian lira.  1,337.80 1,338.60 Swiss franc. 1,5365. 1.5465 greek drachma.194,83 197.00 turkish lira,./.4,257.70 4,282.30 saudi arabian Riyal. 3.7501 3.7501. Spanish peseta ,.112.08113.08 portuguese escudo156.24 157.58. Canadian dollar.1,1419 1.1416 austrian schilling.,12.515 12.664, norwegian Krone 6.9725 7.0410 danish Krone. 6.866 a 6.939 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 1.75 through monday based on fridays noontime Price fixing. New York Exchange new York up the 15  stocks in new York Stock Exchange composite trading on thursday. A. Stock waste  inc ism corp Pepsico inc Columbia is sys at amp to company a. Philip Morris Johnson amp Johnsn Rwjr Nabisco hid Mcdermott inti general motors computer Assoc Dupont amp co can Pacific Ltd. Schlumberger Exxon corp american Exchange new York up the 10 most Active stocks in sales last net chg. 4.291,900 37v< aft 2 a 4,085,600 Sov a. Off .1 is 2,496,000 30 up v e 2.144,900 18 is. Off 2vs 2,012,800 37 is off v b 1,607,600 65vs a v unch 1,366,900. 84 is up 1v 1,360.900 10 via unch 1,300.900 19 is 0ff1v< 1,173,500 43 a up is 1,152,400 10v2 off v5 .1.143,800 47 /. A pvt 1,140,100 174-a unch 1,065,400 58�?T/4 off 1 1,058.600 5 8 is a up 1 is american Stock excl Iange composite trading thursday. Stock. Sales last net chg. Energy service Amdahl corp 470,600 2% off Vuk 406,500 a 154kunch Hasbro inc. 322,800 28yb. Unch us cellular. 311,400 18 off Vuk Wang labs inc b Conti air Hodgs a i 280,100. 3v< off via 258,500 1 is up Vuk Dow chemical it a 254,400 7 is up Vuk Salomon it 93jan 254.000 174k off 4k fruit of loom 206,700 15 up Vuk Echo Bay mines 193,300 9 off Vuk Dow Jones 1 the stars and stripes a Page 17 a a a a a v 3 1 Money matters i new York up Dow Jones closing Range of averages thursday a a High 30 industrials 2969 s1 2u to rare sports 1204 51 15  199 20 by s Ock set 10 8 51 Low 2927 33 1153 18 194 66 .1041 33 close 29c3 s4 h81 �2 197 31 10 0 75 to attract for . Airlines by the new York times London a the Bush adm Nistra. Tion will seek legislation to allow foreigners to own up to 49 percent of die voting Stock of . Airlines transportation Secretary Samuel k. Skinner said thursday. The proposal is intended to attract foreign capital to Shore up the troubled american  january Skinner decided to allow foreign carriers to buy up to 49 percent of the equity of american airlines but a 25 percent limit remained on voting rights. He said thursday that the change had proved insufficient to attract As much foreign capital As the airlines needed. In a speech to the american chamber of Congress chapter in Britain on thursday and at a news conference of to Coward he also called for the european Community to begin talks with Washington about an agreement that would replace bilateral aviation treaties Between the United states and the 12 individual Community members. Skinner said the administration which is negotiating with Canada about opening Domestic markets to each others airlines wants an agreement that would deregulate and create More Competition and service in the trans Atlantic Market. Discussing the need for capital he pointed out that the downturn in airline traffic caused by the persian Gulf War and the recession had left several carriers in a precarious financial position Eastern Continental pan american and Midway have filed for bankruptcy Protection from their creditors and trans world airlines is also weak. He also said . Airlines needed foreign investment to pay for the Large number of new aircraft they had ordered. Several european carriers have Alrey Ady bought minority stakes in . Carriers Kim owns 10.5 percent of the voting rights and 20 percent of the equity of Northwest airlines. Scandinavian airlines system owns 18.4 percent of the voting rights and 16.8 percent of the equity of Continental and an Sas spokesman said the company did not plan to increase that stake. And Swissair and Singapore airlines each have a stake of about 5 percent in Delta air lines which has a similar stake in them. British airways has been eager to buy a controlling interest in a . Carrier that might feed it International passengers. Airline Industry analysts speculate British airways May be interested in us air which has lagged in expanding into the North Atlantic Market. A Deal that would have Given British airways a sizable stake in United airlines fell through in 1989. Skinner said a big obstacle to starting talks on an a open skies agreement with the european Community was that the Community is in the midst of a deregulation aimed at turning the 12-nation Market into a single Market featuring More Competition. British airways Western Europe a largest Carrier has been lobbying for the Community to avoid deals with the unit cd states until european deregulation is completed. Then it argues the Community will be in a stronger position to bargain with the United states. Eur train makes debut Spain a National railway Renee introduced its first eur train on tuesday at the Kraus Maffei company in Munich Germany. The new train can operate on both Spanish railway tracks and new International lines. It has a maximum Speed of about 170 Mph and can be used As a passenger train or to haul freight. Change ch1 56 Cut 9 70 up 9 c6 c l 2 77 by the new York times los Angeles a Northrop corp. Said thursday that it has been awarded a contract to develop a new anti tank weapon under a previously classified $2.2 billion army program. Northrop said that it had been secretly working for six years on the programs research portion and that it would now proceed to the development phase. The development contract which involves the engineering work needed to prepare for actual production is Worth $344 million. Production is expected to begin in the mid to late 1990s. The program is dubbed Bat which stands for Brilliant anti tank weapon. Bat essentially a missile within a missile is designed to seek and destroy tanks and armoured vehicles. The weapon will be carried by the. Atonya a ground launched version of the recently declassified Tri service standoff attack missile a radar evading weapon also being built by Northrop. Pentagon and Northrop officials described Bat As one of the most advanced weapons Ever built. After being launched from the larger missile in flight it would be Able to hear enemy tanks on the ground below with sophisticated acoustic sensors and see them with infrared sensors. It would then use its internal guidance system to Home in on a target and blow it up. The combination of the standoff attack missile and Bat would allow the army to attack moving ground targets from nearly 100 Miles away officials said reducing the need to Send air Force and army warplanes and helicopters into Battle