European Stars and Stripes (Newspaper) - August 14, 1991, Darmstadt, Hesse                                Wednesday August 14, 1991 the stars and stripes Page 17delta says pan am customers last year turned but to be a Fine year for advertising a free advertising that is. Final figures compiled for the advertising Council show that the organization which coordinates National Public service and campaigns on issues from illiteracy to cancer prevention received a record $1.35 billion Worth of Media time and space during 1990. That is an increase of 30.3 percent compared with $1.04 billion in 1989, Ana a Rise of 10.2 percent compared with $1.23 billion in 1988, the previous  rates London up tuesdays rates for the . Dollar to other currencies. Figures Are expressed m dollars to the British Pound other local currencies in dollars Gold was quoted at $357 an ounce. Silver was quoted at 3.98 an ounce. Aug. 12 aug. 113 British Pound.1.699 1.6935 German mark.1.7255 1.73 French franc.5.873 5.875 dutch Guilder. 1.946 1.944 belgian franc 35.5875 35.58 italian lira.1,293.35 1,295.10 Swiss franc. 1.5145 1.5095 greek drachma.190.86 190.82 turkish lira.4,449.10 4,451.90 saudi arabian riyal.3.7501 3.7501 Spanish peseta.108.21 108.08 portuguese escudo.148.87 148.19 Canadian dollar.1.1468 1.1447 austrian schilling.12.15 12.132 norwegian krone.6.7555 6.7465 danish krone.6.685 6.676 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 1.68 through wednesday based on tuesdays noontime Price fixing. New York Exchange new York up York Stock Exchange a the 15 most Active stocks in new composite trading on monday. Stock Sale last net chg. Sec Pacific 10,642,700 31% up 8% ban America 5,541,200 40 up�?o2% St int Bop a 3,903,900 1% up we stings Al 2,922,300 22% off % Salomon inc 2,365,300 31% off 3% St int a nip 2,227,000 33% up 6% genl motor 1,874,500 37% off 1/4 Chase Manhon 1,771,300 21% up 1% Eastman Kodak 1,728,600 42% up 1% Citicorp 1,448,900 14% up 1 Block str ent 1,425,500 11% unch limited inc 1,211,000 30% off % Philip Morris at amp to co. 1,185,600 71% off % 1,108,300 39% off Stew san pm so 1,079,800 29% unch american Exchange new York up american Stock to scr Stock pref hath care Bat industries giant food a Echo Bay mines Forest labs inc metro Mobile b foundation hath now chemical it Chambers Dev a Bergen Brunswig a the 10 most Active stocks in Ange composite trading monday. Salea last net chg. 620,400 14% off 1% 471,100 12% off 1-16 376,800 24 off 342,100 8% off 325,900 39% up 320,900 19% up 287,000 24% up 251,600 7% unch 191,300 29 off 185,500 29 off % Dow Jones new York up Dow Jones closing Range of averages monday but my pm of climb 30 industrials 301142 2974.06 3001.34 up 5.14 20 transports 1219.85 1204.16 1214.39 Oil 0.70 15 utilities 203.81 201.68 203.18unchanged 65 stocks 1074.65 j561.07 1070.34 up 0.87 s retail sales climb Washington up a . Retail sales Rose 0.5 percent in july to $153.7 billion the Commerce department said tuesday. The sales increase from june would have been just 0.3 percent without counting sales of vehicles. Need not worry about buyout by Rosemary Sawyer staff writer people holding pan am tickets have nothing to fear now that Delta is Here airline officials said tuesday in the Wake of a judges approving Delta a buyout bid. A Delta will Honor All pan am tickets through feb. 1, 1992,�?T�?T said Ray Macintyre general manager of pan am a Frankfurt Germany operation. A Federal bankruptcy judge monday a roved a $1.39 billion Deal to sell most of an am a assets to Delta air lines. This includes european routes and pan am a Northeast shuttle that operates Between new York Boston and Washington. Pan am passengers can expect to see business As usual at airports say Delta and pan am officials. This includes airports such As Frankfurt a that Are currently Busy changeling thousands of service members Home to the United states As part of mass troop reductions in Europe. Service members and civilians flying pan am who receive a special military fare make up a Large part of the airlines clientele. Pan am spokeswoman Elizabeth Hlinko said details Are now being a Fine tuned Between Delta and pan  tentatively the airlines Are looking at oct. 1 As a target for transferring european routes and sept. 1 for transferring the northeastern shuttle service. Pan am then Hopes to reorganize its remaining assets by dec. 1, Hlinko said. Pan am then will provide service strictly to latin America. For now a pan am flights will continue to operate As pan am and Delta will continue As Delta a said Bob Vincent Delta a marketing director for Germany. Delta has not decided whether pan am frequent flier Miles will Transfer to Delta a frequent flier plan Delta spokesman Dean Breest said in Atlanta where Delta has its Headquarters. He said pan am customers a can rest assured that Delta will maintain a very High level of commitment to service personnel stationed  military ticket sales for the financially strapped airline have not declined since the airline filed for bankruptcy Protection in january Macintyre said. A a there a been no deterioration in ticket sales at All a he said adding that sales May have increased because of the current troop exodus. An official with usage urn a scheduled airlines travel office confirmed Macintyre a report. He said the steady bookings could also be due to the fact that business has been heavy on All . Carriers serviced by army travel offices this summer. When Delta begins operating the pan am routes to Europe it will be flying a a very Young International Fleet of aircraft made up of pan am a Airbus a-310s, Boeing 767s and Lockheed l-1011s, spokesman Breest said. Pan am solder Model Boeing 747s were not acquired by Delta in the Deal. As for concerns about pan am a frequent unscheduled fuel stops for the Airbus Jefe on trans Atlantic flights Breest said Delta has not decided which aircraft will be used to Fly which routes. Wall Street rejoices at merger of ban America Security Pacific by Floyd Norris the new York times Wall Street loves Bank mergers because it Hopes Competition will vanish or at least get a lot less vigorous. A scale gives you Market heft a said one investment banker monday speaking in condition he not be named. A fall of a sudden you have an 800-Pound Gorilla in some of these  the reduction of Competition is far from the Only Benefit of combinations such As the one announced by ban America and Security Pacific on monday. It is not the one that the Banks prefer to cite. The two Banks forecast annual savings of $1 billion a year within three years As tellers Are Laid off and competing branches Are closed. But in talking to Security analysts Mon Day Jerry a. Grundhofer the president of the Security Pacific National Bank said a there Are tremendous leverages on the Revenue Side and we will take advantage of  he will become a vice chairman of ban America when its Security Pacific Deal is completed. Wall streets enthusiasm was shown in Stock prices. Ban America Rose $2,625, to $40, adding $430 million to its Market capitalization and Security Pacific soared $9,125, to $32,125, adding $4.1 billion to its Market value but Security Pacific shares still ended the Day at Only 80 percent of the Price of ban America shares reflecting some Market caution about. The Deal which Calls for each Security Pacific share to be Bank american a chairman and chief executive officer Richard m. Rosenberg left and his counterpart at Seattle Pacific Robert h. Smith announce their Banks merger. Exchanged for 0.88 ban America share. The Market reaction indicated doubt that Wells Fargo which had previously wooed Security Pacific would try to submit a higher bid. But even though Wells Fargo seems like a competitive loser from the Deal its shares Rose $3.25, to $75.50. And first interstate which merger rumours immediately named As a possible Wells Fargo target jumped $6,125, to $33,875. With fewer Banks around the Hope is that those remaining will be Able to offer lower interest rates to savers charge higher rates to borrowers and have More left Over for shareholders. Clifford resigns amid widening Bocci scandal Washington a Clark Clifford resigned As chairman of first american ban shares inc., the holding company the government says was illegally acquired by Bank of credit and Commerce International first american announced tuesday. Robert Altman Cliffords Law partner is resigning As president of first Ameri can corp., one of the companies controlled by the holding company the Bank said. A the Bank said that Nicholas Katzen Bach a former . Attorney general and senior vice president and general counsel of International business machines corp., will replace Clifford As chairman of first american ban shares. Clifford and Altman decided to leave in order to protect first american the Bank a announcement said. Clifford an adviser to presidents and prominent Democrat has been one of the leading figures in the worldwide scandal involving Bocci which has been accused of drug Money laundering arms trafficking and support of terrorists