European Stars and Stripes (Newspaper) - July 18, 1991, Darmstadt, Hesse                                Thursday july 18,1991 the stars and stripes b Page 17 movie companies Mca inc. And Paramount communications inc. Have said they May open six state of the Art movie Heaters in Moscow. But an executive warned that it will probably take several years before muscovites can attend movies at such facilities. A a we re going to study this for six months before we decide to go ahead a said Christine Hanson an Mca executive. A if we do we re going to do it right so this is not going to happen  Hanson said she could not estimate How soon the openings could come but added that a  in the United states usually take at least a year to open. 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 $368.50 an ounce Silver at $4.32, july 16 july 17 British pound.1.5465 1.646 German Mark.1.797 1.796 French franc.6.087 6.0955 dutch Guilder .2.02 2.0235 belgian franc.36.90 a italian lira.1,334.75 1,337.00 Swiss franc.1.562 1.5605 greek drachma.195.51 195.68 turkish lira.4,371.50 4,381.60 saudi arabian riyal.3.7503 3.7503 spanlshpeseta.112.51 112.61 portuguese escudo.153.60 154.00 Canadian dollar.1.146 1.1468 austrian schilling.12.6225 12.642 norwegian Krone. 6.935 7.001 danish Krone .6.935 6.9425 these Are unofficial rates As reported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. New York Exchange new York up York Stock Exchange Slock _ Rwjr Nabisco hid Pepsico inc Triton Energy chemical Bank ism corp Warner Lambert adv Micro docs an comp inc blockbuster ent manuf Hanover Ltd corp waste mgt inc Amer express Tel Fonos de my Wal Mart stores a the 15 most Active stocks in new composite _ sales last 3,483,900/ 11% 3,144,900 30% 2.516.700 29% 2.345.800 25% 2.200.600 96% 1.988.500 68% 1.965.500 11% 1,871,100 4% 1.856.800 9% 1.741.800 28% 1.739.500 1% 1.737.500 36% 1.647.600 22% 1.546.800 30% 1.492.700 46% it chg. Up up up 4% off off 2% off1% off 1% up up of up up unch off 1% off american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading tuesday. Stock me chem products metro Mobile b now chemical it citizens St be Echo Bay mines Omi corp Graham fid hath pall corp Wang labs inc b Hasbro inc sales 662.700 462.400 416,000 342.700 333.600 303,300 261.400 214.600 197,800 195.600 last 12% 16% 7% 4% 9% 9 8% 35% 3% 29% net chg. Off % off % up up1 off i up off unch up up % Dow Jones new York up Dow Jones dosing Range of averages tuesday. High Low close change 30 industrials 3012.52 2962.88 2983.90 Down 6.71 20 transports 1216.33 1199.22 1205.57 Down 2.12 15 utilities 199.13 196.99 198.50 Down 0.26 65 stocks 1070.30 1054.25 1061.25 Down 2.09 gasoline Price rises for 1 St time since june Orlando Fla. Up the nationwide average Price of self serve regular unleaded gasoline Rose 0.5 cent last week for the first increase in six weeks the american automobile association reported tuesday. June prices Rose modest 0.2% As Oil costs offset hike in food . Consumer Price Index percent change from prior month seasonally adjusted so 0.2% of i s 9 9 i 1 b mini i i i i i i -0.2% j a s on d j f m a m j 1900 1991 june 90 May �?T91 june 91 0.5% 0.3% 0.2% source . Dept of labor a Washington a declining Energy costs offset a Sharp Rise in fruit and vegetable prices in june to produce a modest 0.2 percent increase in Consumers Cost of living the government said wednesday the report bolsters private analysts View that inflation will not be a problem As the nation pulls out of a recession that began last july. The seasonally adjusted gain in the labor departments consumer Price Index followed a 0.3 percent increase in May and a 0.2 percent Rise in april. For the first half of 1991, prices increased at an annual rate of 2.7 percent Well below the 6.1 percent Advance for All of 1990, the worst in eight years. A we should see inflation moderate through the end of this year and into 1992,�?� said economist Mark Zandi of regional financial associates in West Chester a. The Price swing from 1990 to 1991 is largely attributable to Oil prices which Are falling steeply after skyrocketing following iraqis invasion of Kuwait. But the labor department said that food prices and so called Core prices a excluding food and Energy a also were both advancing at a slower rate this year than in 1990. In a separate economic report wednesday the Commerce department said housing starts shot ahead 5.2 percent in june boosting the annual rate of new construction Over the 1 million Mark for the first time in seven months. All regions of the country posted Strong gains except the West where the housing Industry has been weak in recent months. New construction of houses and apart ments totalled a seasonally adjusted annual rate of 1.04 million in june up from a revised 989,000 in May. The labor department said the mild inflation combined with rising hourly wages and increasing hours worked per week to boost . Workers inflation adjusted earnings by 0.9 percent in june. That followed a 1 percent Rise in May. In his semiannual report to Congress Federal Reserve Board chairman Alan Greenspan on tuesday pointed to a promising signs of a slowing in  analysts said this signals the Central Bank will not push Short term interest rates Down further and will aim for a subdued economic recovery. Cost of cleanup at we Brucken put at $140 million report says by Mary Neth staff writer we Brucken Germany German government officials have received gloomy news about environmental conditions at the soon to be closed . Air base Here. A report commissioned by the Rhein land Ralz state environmental office estimates that it could Cost up to $140 million to clean the 738-acre compound. The air base is scheduled to close in september. A who will pay for the cleanup is the big question a said Thilo Huble spokesman for the City of we Brucken. The americans have said in the past that they will return properties free of pollution. Its possible that they and the canadians who also occupied the base at one time will contribute some cleanup funds. A to make the area possible for civilian use will involve removing Large areas of contaminated soil a he said. According to Manfred Beeres spokesman for the Rheinland Pfalz Environ mental office the report cited 450 areas on the base that were polluted either by air plane fuel paint Oil or chemicals. This was a primary study and the $140 million figure is a a worse cases estimate he said. A further studies will have to be  in May it. Col. Robert l. Gilbert we Brucken Abs ranking civil Engineer said . Environmental tests up to then had proved inconclusive As to the extent of any contamination. It officials with the . Air Force in Europe will decide a the proper course of remedial action for we Brucken once All surveys and tests Are done he said. Safe would not make any statements about the current report. A we have not seen it a said Safe representative Doug Moore. A it would be inappropriate for us to comment before Reading  in some cases deciding responsibility for pollution problems on military land can be confusing because of multiple occupancies. Many . Bases for example were used by German forces during both world wars i and ii. Huble said we Brucken a however has been occupied by Only Canadian and american forces. A it was first built by the French in 1963, but they never used it a he said. A the canadians had it and then the  although the property first will be turned Over to the German Federal government the City of we Brucken has had its Eye on it for some time. It was hoped it could be used for Industry to replace the $82 million a year the . Military has pumped into the local Economy. Now until the pollution Issue is solved Industrial use May be Many years away. A the Issue of cleanup responsibility will be a matter Between the German Federal ministry of finance and representatives of the . Forces a Huble said. A it cannot be solved locally. Negotiations May go on for a Long period of  new Jersey s takeover of insurer of d Trenton . Up a judge approved new jerseys takeover of Mutual Benefit life insurance co. And the appointment of former . Attorney general Nicholas d. Katzenbach to serve As conservator. Mutual Benefit based in Newark and the nations 18th largest health and life insurer is the third major insurance company to come under the control of state regulators and the first solvent one. The company suffered from what insurance commissioner Samuel Fortunato called a a perception problem a when policyholders became alarmed about Mutual benefits real estate portfolio and began trying to surrender their policies. A this action today is a first in american history a Fortunato said. A the company was still solvent. It still had an in vestment Grade rating. We believe we re getting in there  Mercer county chancery judge Paul Levy signed an order tuesday that takes effect in 20 Days. His action removes Mutual benefits Board of directors. Health and Accident claims death benefits and annuity payments will continue to be paid. But policies can Only be surrendered or borrowed against in hardship cases Prudential insurance co. Of America also based in Newark and metropolitan life insurance co. Of new York agreed to serve As Mutual benefits re insurers Fortunato said. Katzenbach known for his role in the integration of the University of Alabama by the Justice department during the Kennedy administration is a Princeton lawyer with a Large corporate practice. Mutual benefits Board approved the takeover monday. The company has been hit hard by the slumping real estate Market and by defaults on mortgages. About 36 percent of its $13.8 billion in assets was invested in commercial real estate at the end of 1990. At years end Mutual had foreclosed or was in the process of foreclosing on $409 million of its $4.5 billion in real estate holdings while another $64 million in Loans were More than 90 Days overdue. While Mutual Benefit had continued to pay its claims a run began in Early May when the Wall Street journal published an article about the company a real estate problems