European Stars and Stripes (Newspaper) - August 3, 1991, Darmstadt, Hesse                                Saturday August 3, 1991 the stars and stripes b Page 17. Money matter i today a tip the Zyx ranch one of the oldest and biggest cattle ranches in the West is for Sale for $16.75 million by its owner metropolitan life insurance co. Of new York. Real estate agent William Knipe said met life believes that its primary business is insurance not ranching. Met life bought the property in a joint venture in 1980. In operation since the Early 1880s, the ranch runs up to 12,000 head of cattle on nearly 2,200 Square Miles. That is slightly bigger than the state of Delaware. Conversion rates Lyndon up 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 $357 an ounce Silver at $4.10. Aug. 1 aug. 2 British pound.1.6725 1.688 German mark.,.1.753 1.741 French franc.5.938 6.004 dutch guilder.1.968 1.9882 belgian franc 36.02 36.25 italian lira.1,304.50 1,320.10 Swiss  1.5185 greekdrachma.191.10 193.90 turkish lira.4,408.80 4,442.60 saudi arabian riyal.3.7504 3.7504 Spanish peseta.109.27 110.35 portuguese escudo .149.75 151.17 Canadian dollar.1.1498 1.1503 austrian schilling.12.2865 12.408 norwegian krone.6.816 6.8825 danish krone.6.76 6.8275 these Are unofficial rates As reported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. Swiss Banks were closed thursday for a National Holiday. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.72 through monday based on fridays noontime Price fixing. A first cd recorders sell like hot cakes a for $20,000 each la Jolla California up audiophiles moved quickly to snap up three of the first compact disc recorders to be marketed in the United states each of them having a Price tag of $20,000. The Denon dn-7700r cd recorders which can record music onto Blank compact discs went on Sale thursday at Dow stereo in la Jolla an upscale san Diego suburb. Denon a japanese concern plans to Roll out the new machine in several other stores in coming weeks. The Blank discs for the machine Are available at $40 apiece. The promotion comes three weeks after the recording Industry and electronics producers agreed to a Compromise copyright proposal that will compensate the music Industry for digital Home recording through royalties on players and Blank tapes. Denon product manager Laura Tyson said the company has already sold More than 100 of the compact disc recorders in Japan since they went on the Market last March. Late next year Japan a Sony corp. Is expected to introduce a recordable cd dubbed a mini disc because it is half the size of the Standard 5-Inch disc. The first wave of competing digital compact cassettes promoted by dutch electronics giant Philips electronics n.v., will hit the Market next summer. Urge teens to put savings in Mutual funds cd by the Baltimore evening Sun Baltimore a working teen agers just like adults ought to get the most for their Money. And not just when it comes to spending it financial planners say. A if a Young person begins Good habits in savings Early on hell have a lifetime asset a said Susan Niezelski a chartered financial consultant in the Columbia md., office of Pennsylvania financial group a especially in our society with its orientation toward consumption where most people spend every dime they make or maybe More.�?�. A the primary objective is to save a she said. A a the secondary objective is where to  while Many working teens keep their Money in Bank savings accounts planners say there is a much wider Choice available including certificates of Deposit Money Market accounts teens can open for As Little As $100 and Mutual funds. A steady  investment plan they said can generate funds to help cover College costs buy a first car or pay for a major trip. A main reason for teens to save is to stay out of debt said Niezelski. For instance she said saving enough Money to buy a car outright Means no car payments. A Deborah e. Voso president of Voso associates in Frederick recommended a Multi step approach. A typically i suggest to teen agers that they open a checking account. You want to make sure it is an interest bearing account a they have to learn to ask those questions a she said. A they should also have a savings  interest bearing checking accounts usually require a minimum balance or a minimum Deposit in a savings account. In most cases a minor will have to open a joint account with a Parent. Although maintaining a checking account is Good practice for someone who soon will be heading off to College the teen should watch out for fees. They could prove to be excessive for a Little used account. Once the Money hits the level that the Young person wants readily available in the savings account Voso suggested that the teen buy certificates of Deposit. Money invested in a cd is committed for a certain period in Exchange for a higher interest rate. A they end up like adults where they done to want to touch that Money a Voso said. A they want to get  parents she added can offer an incentive say $50 toward a $500 cd. Other planners such As Lyle Benson a certified Public accountant with Coyne amp Mcclean and Richard Wagener owner of first financial advisors in Columbia suggested that teens sock their extra Money away in a Money Market account either with a Bank or preferably a Mutual fund which usually pays a higher return. The advantage of Money Market Mutual funds Wagener said is that they yield More than Bank Money markets and More important they Are a valuable learning experience. Young people quickly learn that their Money can earn varying amounts und they Start looking for the Best returns. And. There a another reason too he pointed out. A from an accessibility Point of View a passbook is better. But a Money Market account is a better Way to go because its not As accessible. A there Are Many Money Market accounts you can open for As Little As $100,�?� he added. A teen Ager also might have Access to a credit Union Wagener said either through his or his parents Job. The planners suggested that teens look to Mutual funds Tor Long term investments. The available time and goals Benson said Are the key  financial strategy and he believes a teen Ager putting Money into Mutual funds should plan to keep it there for at least five years. Mutual funds Pool Money from Many investors and professional managers then invest the funds in a variety of stocks and Bonds geared toward certain objectives. For teens planners often recommend growth Mutual funds which look for stocks of companies that have Good prospects for growth although they May not pay High dividends or any dividend at the moment. Many Mutual fund companies have no minimums or very Low Niin munis for opening accounts and Many lower the requirements for children a accounts. Baltimore a t. Rowe Price for instance waives its Normal $2,500 minimum for custodial accounts for minors according to spokesman Steve Norwitz. Legally a child under 18 cannot have a securities account in his own name and custodial accounts arc set up under a parents control. The child gains full control at age 18, or at 21 if that age is specified. Many funds also have automatic investment plans where a predetermined amount of Money is transferred from a Bank account tothe fund on a regular basis. For example it would be possible at t. Rowe Price Norwitz said for a minor to set up a systematic investment plan where $50 is added As often As he designates to his Mutual fund. A a that a really where they get the bang for the Buck a Benson said. Software firm challenging hackers to break and enter new system by new Day its a Little like inviting robbers to Knock Over your Bank. To demonstrate How impervious to computer intruders its software is unix system laboratories a company that manufactures a computer operating system widely used by Telephone companies universities and others will ask hackers to try to break in. Yes hackers a the Jolt cola guzzling cheetos munching stay up All night to try to break into the Pentagon computer kind. The company is betting that unauthorized users can to get into the payroll accounts Cut phony checks or breach private files set up in a test computer. D. Scott Belin a spokesman for the Summit n.j., company said so far the unix Challenge has been issued to Security experts in the corporate world. No one has been Able to break in during the few months of testing he said. Now along with giving the company a other customers a shot at it us is going to be offering a toll free dial up number to no corporate hackers who can log in to a computer and Hack away. A a there a probably 10,000 computer hackers out there a Belin said. A a we re trying to figure out a Way to handle All the phone Calls once we make the number available to the  Belin said the company has yet to decide How to disseminate the phone number. Marilyn Partel an operating systems manager at the company said that the software has been redesigned to thwart computer intruders. The people who run most corporate mainframe computers know Mas systems administrators generally have unlimited Access to their systems through special a super user log ins. Under the new a Security enhanced unix system a a we be eliminated this All powerful omnipotent user and basically assigned roles a Partel said. For instance a person doing file system backup can Only do backup and can t read the contents of files she said. Cliff Stoll author of the Best Selling Book the cuckoo s egg which detailed his attempts to track some hackers who had invaded a number of academic and government computers was unimpressed with the Challenge. The real test of a system Stoll said is to provide testers with source code a something like an English translation of the program a As Well As a detailed specifications to a Large number of competent programmers. Then allow them a year or two to fool with your system from both the inside and outside. That a what happens in the real  Japan delays decision to buy Azacs Tokyo up Japan a defense Agency has decided it cannot afford to buy two Azacs planes in 1992 because of the High prices charged by Boeing officials said Friday. The Agency began considering the addition of the airborne warning and control systems planes in 1986 and had decided to appropriate funds for the converted Boeing 707 jets in its fiscal 1992 budget. Another two planes were to be purchased in 1993. But negotiations with the . Air plane manufacturer fell through when the Agency walked at paying the prices quoted by Boeing. The Agency had been willing to pay up to about $240 million for each plane but Boeing insisted that it would have to charge More than double that to make up the Cost of reopening its Boeing 707 As set Fly line the officials said. The Agency has delayed the decision to Purchase the planes until fiscal 1993, officials said