European Stars and Stripes (Newspaper) - July 4, 1991, Darmstadt, Hesse                                Thursday Friday july 4/5, 1991 the stars and stripes a Page 19 _ Money matters today a tip Hewlett Packard co. Has signed an agreement with a soviet company to produce medical instruments in the soviet Union. The joint Ven Junior military officers told civilian Job Market is tight boxes of detergent already on the shelf Why put one More up there the Odds Are that much greater that you won t get the Job you  Cameron said he does t expect the Job Market to improve before next april or june. A wait until 1993, if  to seek civilian employment he said. Cameron said the slow Pace of corporate hiring coupled with expected cuts in military strength worldwide will mean increased Quot Competition for the jobs that do exist. Lou Benjamin with the Atlanta based military recruiting Institute agreed that jobs Are scarce. Benjamin is visiting Frankfurt Germany this month in search of Young military officers ready to make the jump to civilian life. A the recession pc still making it difficult to find civilian jobs a he said. A even the companies that have been doing Okarena to hiring in the volumes that they otherwise would  car manufacturers defense contractors and other High tech companies Are among those that have trimmed their sails the most because of the recession he said. However the Atlanta employment expert said there Are jobs available for the Best sex officers. A if people have technical backgrounds i think  be very marketable a he said. Cameron and Benjamin said the . Military a Success in the persian Gulf War has not reduced the number of Junior officers coming to them in search of help with Landing civilian jobs. A in fact i think the War has made More Junior officers want to get out Quot Benjamin said. A nobody really knows Why. But ill give some  some Junior officers say they want to switch to corporate America because the confrontation with Raij allowed them to use their military training in War for the first time a so now they can feel they can walk away without feeling guilty a lie said. Others appear to be disenchanted with the Way the Middle East confrontation was handled. A Al Grenada and Panama we woke up one Day and we were fighting a Benjamin said. Athe difference with this War was that we went and sat in the desert for six months. A every Day All people heard about was How awful it was going to be when they got attacked by chemical weapons How Many casualties there were going to be and How horrible it would All be. Quot fortunately none of those things came True. But people had six to seven months to worry about it and that a a lot of time to sit there and redefine your  some officers decided a corporate Job would be better than the Strain of sitting in another War zone a he said. V return of blimps to . Arsenal takes flight in Westinghouse test the Baltimore Sun a bit of aviation history was made last week when a Maryland unit of the Westinghouse electric corp. Joined the ranks of Boeing co., Lockheed and Mcdonnell Douglas. Well it might be More accurate to group Westinghouse airships inc. With Goodyear tire amp rubber co., the tire maker perhaps better known for its giant at a Field near weeks Ville n.c., Westinghouse last week rolled out its Sentinel 1000 Airship for its Maiden voyage. Westinghouse first ventured into the Airship business four years ago when it was selected by the Navy to produce a prototype of a military Blimp said Gordon t. Adams a vice president with Westinghouse airships inc. The military contract Worth $168.9 million set the stage for the return of the giant airships to the Pentagon a Arsenal after a nearly 30-year absence. It called for a modern Blimp that would be used to help protect ships from sea skimming cruise missiles. Airships have been used by the military since the civil War when the Union army sent up observers in balloons to Trace Confederate troop movements the last Active Airship units a squadrons used to track enemy submarines off the . Coastline a were decommissioned by the Navy in 1962. Westinghouse was not alone in 1987 when it entered into the Airship business. It formed a joint venture with Airship industries Ltd. Of Cardington England one of the worlds leading builders of airships at the time. But the British concern suffered financial setbacks that led to bankruptcy and its eventual liquidation this year. Westinghouse acquired the Blimp the British firm was working on along with other assets of the defunct company. Navy officials believe that a radar system carried aboard a Blimp can greatly increase a ships warning time for approaching enemy missiles. The Navy brass also Felt that blimps would be More economical than patrol planes which need frequent refuelling. Japan dumped word processors . Says Ture which will be based in Moscow is expected to begin operations this summer. The company will employ local residents. A your decision to manufacture medical products there is based on our Long term commitment to the soviet medical Market and Hpe a philosophy of manufacturing internationally a said Benjamin Holmes vice president and general manager of Hewlett Packard a medical products  rates London up wednesdays 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 s367 75 an ounce Silver at $4.40. July 2 july 3 British pound.1.6035 1.6017 German Mark ?.1.833 1.8325 French franc.6.1895 6.2115 dutch guilder.2.0578 2.0625 belgian franc.37.6255 37.70 italian lira.1,357.50 1,362.50 Swiss franc.1.5785 1.5825 greek drachma. 199.95 200.07 turkish lira.4,352.70 4,365.90 saudi arabian riyal.3.7503 3.7504 Spanish peseta.114.36 114.80 portuguese escudo.160.75 159.76 Canadian dollar.1.1425 1.1424 austrian Schilling .12.835 12.888 norwegian Krone .7.126 7.14 danish krone.7.055 7.077 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 1.79 through thursday based on wednesdays noontime  York Exchange new York up a the 15 most Active stocks in new York Stock Exchange composite trading on tuesday. Stock sales last net chg. Pepsico inc 2,324,200 29% up at amp to company Rwjr. Nabisco hid 2.186,000 39% up % Oft % 2,139,500 10% Tenn eco bldg co 1.607,200 35% off 4% mrs inter inc 1,557,900 7% up % Tel Fonos de my a .1,380.500 26% up % Philip Morris 1.346,000 65% up % Pfizer inc 1,250,100 56% up % Mcdermott inti 1,248,900 18% up % Exxon corp 1.225,500 58v4 0 11% ism corp 1209,600 99% up % Wal Mart stores 1,203,900 43% unch waste mgt inc 1,146,300 37% off % general motors 1,099,200 42% up % St int St a nip 1,097,900 26% up % american Exchange new York up a the 10 most Active stocks in american Stock to change composite trading tuesday. Stock sates Echo Bay mines 695.500 Americus t 403.800 Dow chemical it 384,100 Penn traffic co 381.700 metro Mobile b 292.700 Amdahl corp 283,600 merr Lynch p it 270,000 dog corp 210.000 Kirby corp 209,900 carnival cruise 190.700dow Jones new York up Dow Jones closing Range of averages tuesday High Low close change 30 industrials 2987.03 2939.62 2972.72 up 14 31 20 transports 1190 06 1163.96 1179 65 up 4 76 15 utilities 200 01 197 87 199.07 off 0 50 65 stocks 1058.98 1041 06 1052.70 up 3 77 by Jimi Jones and Randy Mcclain staff writers Junior officers searching for jobs in corporate America this year should be prepared for fewer offers of employment than at any time in the past three years. At least that a the word from a Well travelled executive Recruiter visiting Europe this month. Roger Cameron who recruits military officers for entry level executive jobs with Fortune 500 companies said the recession in the United states continues to affect Many companies hiring decisions. A few companies still have hiring freezes in place he said. A anyone who says the recession is Over knows More than i do a said Cameron of the Cameron Brooks Agency in Fredericksburg Texas. A we May have bottomed out but under no circumstances have we turned around and started heading Back up. Cameron said officers he has tried to place with top corporations in recent months Are getting fewer interviews and waiting longer for their first Job offer. Companies Are interviewing More candidates for openings and taking longer to make hiring decisions he said. The slow results might Force some officers to reconsider separating from the military he said. A the key word is caution. Think about the action you re taking a Cameron suggested to service members. A with 1,000 Washington up a the Commerce department announced tuesday that japanese computer companies have dumped word processors in the United states at prices far less than their fair Market value. The companies include Panasonic a Parent Kyushu Matsushita electric co., and brother industries Ltd. 1 he companies could face import duties As High As 58.71 percent if the International Trade commission decides the dumping unfairly Cut into sales by . Manufacturers the Commerce department said. The it has 45 Days to Complete its investigation into injury suffered by . Companies As a result of the dumping. If . Industries have suffered subsequent imports will be charged duties to make up the difference Between what the items but Westinghouse is looking at a broader Market than the military for its Airship. In a recent interview Adams and Rudy Durbino another Westinghouse airships executive said the lighter than air Blimp could be adapted to other uses including it a Security. The Westinghouse executives noted that when president Bush attended an economic Summit in Paris in 1989, his movements were monitored constantly by a Blimp. A drug interdiction. An Airship equipped with radar could serve As the a a eyes of Law enforcement officers watching for drug running boats and planes making their Way to the United Stales. A pollution control. An Airship could be used to Trace the flow of Oil resulting from a ship or offshore drilling Rig accidents. Durbino said he has also been contacted by a non profit organization that was interested in leasing the Airship for use in tracking whales. Cost and their fair Market value. The Case stems from a petition filed last fall by Smith Corona corp. Of new .  said japanese companies sold $119.5 million of word processors in the United states last year at unfairly Low prices. The japanese companies have responded by saying they no longer import word processors. Last net chg. 9% off % 10 up % 8 up % 23% 0f1% 16% up % 15 unch 5 up % 2% off % 11% up % o pm up %