European Stars and Stripes (Newspaper) - June 29, 1991, Darmstadt, Hesse                                V saturday june 29. 1991. The stars and stripes a Page 17 Money matters today a tip the number of . Bankruptcy filings jumped 26 percent during the first three months of 1991 As the Economy Sank deeper into re cession the american bankruptcy Institute says. A. A a a d. Eric Hultman the institutes general counsel predicts the num Bertwill continue to grow through a the year and total about 30 percent More than were filed in 1990. Individuals businesses Farmers and municipal governments filed. 230,723 petition s from january through March up from 183,575 during the same period of 1990. The Institute expects More than 1 million bankruptcies by years end. A Quot v. A. / a a a conversion rates London. Rates for the ./dollar to currencies. Figures Are expressed m dollars to the British Pound other local currencies in dollars cold was quoted ats368.50 an ounce Silver at s4i46. Or inst Pound German Mark. French franc.  Guilder,./, beigiari.lranq/. If Van Liia Swiss . Gresh drachma. Tui ssh Era. A Atli arabian Riyala Span so  portuguese escudo.  dollar.,././ austrian Sci ving.  Dan in Krone. June 27. .1.6335. 1.7913 .6 0965. .2.0173 36 86 .1.33-1.80 .1.5.17 .-.106.29 .4.267.90. 3.7503 113.37 157.34 1 142 .12.601 g 99 a. .6-924 /. June 28 a 1.6185 1.8115 6.1445. / 2.0365�?T. 37,25 1.347.70 a 1.557 197.88 4,316.90&Quot a 3.7503 a 113.30 157.65 1.142 a 12.72 7.0525 a 6.9845 these arc unofficial rates As reported by wire service and banking sources and they Are listed to. Give sonic \ idea of daily cur re nay Quot flue nations. A / a a Quot a the Only official Rale concerns the Sale of German Marks to . Personnel for personal. Use and this Vili be 1.77 through monday based on fridays. Noontime Price fixing. A a a a a new York Exchange american Exchange a Mew York up1 a the 10 most Active stocks in Amer 1 Slock Exchange composite trading thursday. A Slack  a a a a a san digit. Inc at Nous. / tors Rob / a Vang labs b my times a Arcus tis Bio science Down heart a sates a a 419,000. 399 200 290,400 .272 100. A 196,500 194 800. A 193.500 2 so 192,900 a. 183.700 a. 1.77,900 last 12 i 3% 28. 11 1.1-16 13 a 3 4k.24 i 10 a a a a 29 i 7 a. Net ghz. A up 1 w. A a Janch Oil a Oil 1-16up soft i up i. Up a off 1 % a unch Dow Jones.  York a up a a t i in Vij a 25 tray spot a a Vii i is a is -. Dow Jones closing Range of averages. High 2946.56 1.5 b 15 199.76 1042.33 Low 2909 21 1139 46 197 56 4026.33 close 2934.93 1150.56193 20 1037 60 change up 21 92. Up 3 87-up 1.39 a up 6 45 fresh sign of improved seen in consumer Rise Fieve York flt die 15 most Active  Yak Sluck Exchange composite trading on thursday. Aslock Quot /. / a. A sales Quot. Las Tel chg. Ai Sci signal5.349.700 33 via up 3 vices sovran up a 2.576,900 a 23 be a a a a up a act Iraq comply a 2.279.100 30. A not 1 % a Phipp Morris a a 2,201.600�64 a a a a up it Oil i , Pica. 2.037,100. 5 Pepsico inc. Quot a 1.972.500 a 29 w. Up a Quot. Pm %. Cilz corp a a a 1 925,100 14 it at amp to company 1744.200 38 w a up w is corp �.,�?� 1.723.100 97% off 1 a Amer express a a ��1.43x000/ 23 a. Oft i. Girl  a 1.411,800. 4 Vav a a up Al / Hanson pc a a. 1.281.400 a 17. Unch Vasin mgt. Quot. 1.2 77.900 a 36 % ,. A pit zip Boeing Coa a it in corp a 1,166.500. 45v5 up w 1.156500 / a 69 off i Washington a consumer spending surged 1.1 percent in May tic cording to a government report thursday a that contained the strongest evidence yet the Economy is beginning to recover from recession. Quot / 1 consumer spending represents about two thirds of the nations economic Meliv. Ity so an increase in Unis critical sector would boost Overall economic growth. The White House said the surge in consumer spending Means the recession is Over. A a  a a unless something thar we Haven to forecast happens it does look like the recession on a National basis has ended a a said Michael Hoskmchairman, of the White House Council  advisers a /. A a a a a a. A lie said thursdays statistics were just the latest in a series of reports providing evidence a that things which had been declining have now started Back up  Quot i he Economy has bottomed nut and begun to turn around a Roskin said. But he warned a this is Only the Early  a a a a a a dream purchases during Gulf duty. A /. By Randy Mcclain  / financial writer. 1  to Europe from the persian Gulf War have gone on a spending spree with Cash saved during the conflict officials with the army and v air Force Exchange service Anil various a lenders say. -.�.�.� A. A. A  a a in a seeing a trend of people coming Back and buying cars Quality automobiles. Prestigious automobiles. Its nothing to see someone come in and put si0,000 Down to buy a new ear Quot said a1 Johnson overseas operations officer with a a finance Center Federal credit. Union in Augsburg Germany. A a a / a a a people seem to have it planned Well a Johnson said a a they saved while they were  desert.  Olf Small Bills eliminated a whole lot of debt and now they re purchasing., the vehicle. They be wanted All. Along in life. We be Quot had a  dream purchases Quot v. ,. A. Televisions . Recorders -. Personal computers stereos and other. Electronics gear Are also hot. A. Master sgt. Dayton Strickland spokesman for the army and air Force sex. Change service in Munich said cafes i sold $27 million Worth of electronics. Equipment in May alone. That s 5111 Mil lion More than was sold in May 1990,. Cars seem to be the. Single biggest item on shopping lists. Jelf Gardner an exec a / utile with military Elar sales the company that handles on base Auto sales under contract with cafes said May was a record month for . More than 5 00 1 vehicles were ordered a worldwide by. Service members a 150 per cent increase when compared with orders / in february it 1991 Gardner said. A / lenders in Europe say vehicle purchases and car Loans Haven to  Peak Levels seen in 1987 and 1988. A a a another indication that Servic members Are spending More freely is the level of foreign currency transaction being made postwar spending spree cafes Europe sales have shown a marked increase since the end of the persian Gulf War one indication that service members Are in a free spending mood. Shown below Are Exchange service sales figures for the first five months of the year. 160 source army and air Force Exchange service every month through the military Bank. In Germany for example dents be Mark purchases fell As Low As $110.9 Nui lion in january 20 percent lower than average. In May however service members were Back in a buying mood purchasing s142.8 million Worth of Marks. A Quot we seem to be returning to More Normal Mark usage a said James o. Smith general  merchants National Bank in Germany. The spending spree is also visible in. Great Britain. Charles Belhassen senior vice president with Keesler Federal credit Union said demand for car Loans has doubled at hts institution Quot we were., averaging Between 75 and 85 Loans per week it the Start of the year and in May we averaged 160,�?� he said. A a a. Other lenders done to think the Boom. A a amps Sharon Kilday will last. They say impending troop Euls in Europe arc making Many service Mem Beds nervous about the future and that will eventually curb spending. V a the euphoria Over Success in the Gulf should Peak at the. End of a a june. And. Then Start coming drawn a said Gordon Simmons a a director  operations for service Federal credit Union in. Kaiserslautern a Germany Simmons and Henry Addison senior vice presi Ilent at Andrews Federal credit Union in Frankfurt said the credit Union expects  to  saving Money soon. A a a a a i he state of the . Economy has something to do with it a Simmons said a a people arc Uncertain about the draw. Down and they re trying to. Jockey themselves into the position of having something to fall Hack on a. A. A. A a a a /. A. A is amps l emr Nolt Lewis of. Set James Gosselin looks at audio gear lining the Bottom shelves while sgt. Carl Batchelor checks out another unit at the Audi photo shop on Cambrai Fritshe Cavern in Darmstadt Germany. The soldiers Are with the 94th engr in