European Stars and Stripes (Newspaper) - August 17, 1991, Darmstadt, Hesse                                Saturday August 17, 1991 the stars. And stripes Page 17v Money matters today a tip transfers of service members within Europe Are playing havoc with Community Bank a ability to keep track of its customers. Yvonne Wise spokeswoman for merchants National Bank which holds the . Government banking contract in Germany the United kingdom and the Netherlands said Many service members Are moving to new duty stations without notifying the Bank of their change of Apo address. As a result hundreds of monthly Bank statements Are being returned As undeliverable. Wise suggests that service members inform the Bank directly once they know their new address. Conversion rates London 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 $357.25 an ounce. Silver was quoted at $3.95 an ounce. Aug. 15 aug 16 British pound.1.6870 1.6735 German Mark.1.7320 1.7480 French franc.5.8905 5.9452 dutch guilder.1.9520 1.9700 belgian  1 a italian lira.1,297.50 1,309.00 Swiss franc.1.5225 1.5315 greek drachma.191.92 192.95 turkish lira .4,495.40 4,514.00 saudi arabian riyal.3.7501 3.7501 Spanish peseta.108.87 109.30 portuguese escudo.149.35 149.90 Canadian Dollar.1.1434 1.1440 austrian schilling.12.225 .12.30 norwegian krone.6.805 6.8330 danish Krone .6.7375 6.7535 these Are unofficial rates As reported by wife service and banking sources and they Are listed to give some idea of daily currency fluctuations. New York Exchange new York up York Stock exc Nangi Stock Salomon inc Alcan aluminium Rwjr Nabisco mid Security pacify ban America Tel Fonos de my at amp to company Wal Mart stores Philip Morris Westinghouse Al blockbuster ent St inst Bop a us Marathon Black amp Decker Citicorp a the 15 most Active stocks in new composite trading on thursday. Sales last net chg. 7,828,400 26% off 4 % 4,923,000 20% up % 4,465,600 12 up % 2,778,800 35% off % 2,590,500 42% off 1 % 2,589,900 32% up % 2,185,300 39% up 2,171,000 49% off 1 % 2,016,000 72% off % 1,868,000 23% off % 1,631,500 11 % off % 1,411,000 1 % unch 1,408,000 28% up 1,366,600 16% up % 1,343,400 15% up % american Exchange new York up a the 10 most Active stocks in Lange composite trading thursday. American Stock Stock am medical bldg Western digital metro Mobile b pref hath care Amdahl corp Wang labs inc b foundation hath fruit of loom Dow chemical it carnival cruise sales 2,195,900 528.900 a 467,300 465.400 326.900 290,800 263,700 248.400 248,000 225,200 last 9% 4. 19 vie 13 1/4 13% 2% 24% 17 7% 21 % net chg. Off % up % off off % off % unch up % up % up % up % Dow Jones new York up a Dow Jones closing Range of averages thursday 30 industrials 20 transport 15 utilities 65 stocks High 3029.96 1207.51 205.18 1075.84 Low 2985.24 1190.41 203.30 1060.98 close 2998.43 1198.70 203.99 1066.29 change off 6.94 up 2.30 off 0.38 Oft 1.09 housing starts up Washington a housing starts Rose 3.7 percent in july the fourth consecutive monthly Advance the government said Friday in a report suggesting a slow but steady recovery from the recessionary slump. It was the fifth increase in six months. Except for a slip in March starts have risen each month since hitting Bottom in january. Weakness of German Mark. A. Brightens future of . Dollar Washington a the . Dollar will remain Strong in coming months due in Large part to the weakness of the German Mark the . Congressional budget office predicted thursday. According to the International monetary fund the Price of the Dollar Rose by 4.86 percent against the Mark in june a Large increase for a single month. German Marks were Selling thursday for less than 58 cents each. The Dollar has been weak since 1989, but it started rising again Early this year except in terms of the japanese yen. A Strong Dollar encourages people in other countries to buy . Stocks Bonds and real estate and american travellers to spend Money abroad. It makes american goods harder to sell abroad and encourages imports of foreign goods. The congressional budget office which advises Congress on the Economy made its prediction on a semiannual report on the . Economy. According to the report other conditions that May improve the dollars Outlook a . Interest rates on Long term investments have been going up compared with rates elsewhere in the world. Further increases May come As the . Economy recovers from the recession. A Confidence in the . Economy is rising because of the Quick end to the Dollar Mark Selling rate 1.80 1.70 1.60 1.50 1.40 1.72 aug. 41.79 Quot Quot. July 7 i��?1 a 1.49 1.69 feb. 281 May 1 i �?1 k military Exchange rate feb. March april May june july aug. Persian Gulf War and signs of recovery from the recession. A the recovery in the United states will bolster Confidence in the Economy and further increase Long term interest rates in the United states relative to those abroad a the report said. A both will increase demand for dollars. Prospects in Germany arc expected to remain clouded in the near term and will continue to put downward pressure on a amps Susan Harris the Mark a the report also noted that the Germany Economy has been affected by a a a collapse in Confidence about the economic prospects for Eastern Germany.�?�. A the worsening Outlook for the soviet Union an important trading partner in the East bloc. A a decline in Long term interest rates and economic growth. Travellers getting cheaper fares As airline Price War heats up by the associated press two More airlines pan am and Virgin Atlantic announced fare sales thursday that will make some International travel cheaper. The latest cuts follow a fare initiative unveiled Over the weekend by British airways and quickly matched by rivals that include american airlines United airlines Continental airlines and Northwest airlines. Virgin Atlantic airways said thursday from London that it plans to Cut transatlantic Economy fares by about 12 percent in response to the British airways Sale that offered 15 percent off on some tickets. The pan am ticket Sale offers 25 percent off on flights to most of its destinations around the world this fall. Tickets must be bought by aug. 31 for travel Between sept. 1 and oct. 26. Pan am said the travel must originate in the United states and Europe to destinations in the United states Europe the Caribbean Mexico and South America. Flights on the pan am shuttle which operates Between new York Boston and Washington Are not included pan am said. The impending Sale of Many pan am routes to Delta air lines wont affect the Outlook improves for airlines Washington apr the weak Economy continued to Hurt the nations airlines in july but the picture Isnit As Bleak As it was earlier in the year an Industry group said thursday. A passenger traffic last month was 0.8 percent below the year ago level according to the air transport association which represents 22 airlines. Traffic for the first seven months of the year was 4.1 percent below the comparable figures for 1990. The paid passenger mileage in july was 43.54 million compared with 43.88 million a year ago. Through july 30, the passenger mileage for the year was 251.53 million Down from 262.36 million. Sale prices because Delta will Honor pan am tickets the airline said. United airlines was Likely to match virgins new fares said spokesman Andy Plews. American airlines will a remain competitive a said spokeswoman Lizann. Peppard. Northwest spokesman Douglas Miller said it was studying the latest discounts to determine whether to match them. Virgin will be offering a fare of $525 for a round trip ticket Between London and new York starting sept. 16, dropping to $474 after nov. 1, said airline spokeswoman Debra Aspen. The fares were previously listed As $593 and $542, she said. The British airline also said it was cutting fares for travellers leaving from the United states. The round trip will Cost $449 rather than the previously listed $539 As of sept. 15, and $359 instead of $459 As of oct. 15. A British airways said it has no plans to further reduce fares. It started the fare skirmish earlier this week when it announced 15 percent fare cuts for round trip tickets to London purchased in the United states from oct. 15 to dec. 13. Ruling opens Way for stiff duties Washington apr japanese sales of two types of advanced Lap top computer screens at below Market prices has Hurt . Manufacturers the International Trade commission ruled thursday. The ruling paves the the Way for imposing stiff import duties. The 3-1 decision by the Independent commission will Benefit the seven Small . Companies struggling to Market the so called Flat panel displays in the face of heavy Competition. However it will Hurt some of the largest . Computer manufacturers a ism Apple computer and Compaq computer a who rely on japanese imports. For Consumers the ruling could mean higher prices for a variety of products including Lap top and notebook computers medical instruments factory control devices and aviation equipment