European Stars and Stripes (Newspaper) - July 4, 1991, Darmstadt, Hesse                                Thursday Friday july 4/5, 1991 the stars and stripes Page 19 today s tip Hewlett Packard co. Has signed an agreement with a soviet company to produce medical instruments in the soviet Union. The joint venture 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 business. Conversion 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 r.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  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 Price  York Exchange new York up a York Stock Exchange the 15 most Active stocks in new composite trading on wednesday. Stock Salei last net chg. Ban America 2,501,000 33% off 2 Tenn eco inc 1.854,800 34% off 1% Rwjr Nabisco mid 1,794,700 10% off vib Pepsico inc 1,655,500 29% off % Security pacify 1,436,300 21% off 1% Amer express 1,377,000 22% off % Philip Morris St incl mgt 1,370,500 65% off % 1,366,500 34% up % blockbuster ent 1,359,900 8% up % at amp to company 1,287,900 39% unch Placer dome inc 1,240,000 14% up % Westinghouse Al 1,198,300 27% off 1 % Kansas Gas amp Al 1,103,000 28% up % Battle Man Gold 1,067,900 10% up % Upjohn co 1,060,000 43% up 1 american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading wednesday. Stock Echo Bay mines Elk sportsman it pm group web Viacom inc b metro Mobile b Bat industries Baldwin tech co hovnanian enter Salomon it Denmark King it sales 1,382,900 387.400 304,800 295.300 280,600 275,100 267.400 262.300 227,200 213,600 last 10 9% 9 % 26% 16% 11% 6% 7% 19% 20 net chg. Up up 1v� up 1 % off a up % Oft % off % off % up 1% up 1 a Dow Jones new York up Dow Jones closing Range of averages wednesday 30 industrials 20 transports 15 utilities 65 stocks High 2957.07 1193.23 198.63 1052.70 Low 2915.03 1168.37 196.62 1036.29 close cd. 2934.70 off 38.02 1187.06 up 7.41 197.37 Oft 1.70 1045.65 off 7.05 Junior military officers told civilian Job Market is tight 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 circuit stances have we turned around and started heading Hack 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 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  Quot Cameron said he does t expect the Job Market to improve before next april or june. A wait until 1995, if possible a 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 Competition for the jobs that do exist. A 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 is will 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  he very marketable Quot 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 a in fact i think the War has made More Junior officers want to get out Quot Benjamin said. Quot nobody really knows Why. Hit i la give some  some Junior officers say they want to switch to corporate America because the confrontation with Iraq 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 Quot he said. Others appear to he disenchanted with the Way the Middle East confrontation was handled. Quot in Grenada and Panama we woke up one Day and we were fighting Quot Benjamin said. Quot the 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 he when they got attacked by chemical weapons How Many casualties there were going to he and How horrible it would All be. A 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 he better than the Strain of sitting in another War zone he said. Return of blimps to . Arsenal takes flight in Westinghouse test the Baltimore Sun v 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 blimps v 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 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. But Westinghouse is looking at a broader Market than the military for its Airship. In a recent interview Adams and Rudy Durha another Westinghouse airships executive said the lighter than air Blimp could he adapted to other uses including a Security. The Westinghouse executives noted that when president Bush attended a 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 states. A pollution control. An Airship could he used to Trace the How of Oil resulting from a ship or offshore drilling Rig accidents. Durbano said he has also been contacted by a non profit organization that a was interested in leasing the Airship for use in tracking whales. Japan dumped word processors . Says Washington up 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 s Parent Kyushu Matsushita electric co., and brother industries Ltd. The 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 Cost and their fair Market value. The Case stems from a petition filed last fall by Smith Corona corp. Of new Canaan Conn. The company 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