European Stars and Stripes (Newspaper) - September 10, 1991, Darmstadt, Hesse                                The Stock Market is setting new highs and the shaky economic recovery has you wary about investing in corporate or municipal Bonds. If its safety you Are looking for certificates of Deposit Are insured and easy to buy. But As an alternative Treasury Bills and notes usually pay higher yields and offer the ultimate in safety. A the Treasury Bill Market As a Safe Haven is great for someone looking for Low risk a said Ray Stone of Stone amp Mccarthy research associates inc. If you re just looking for a place to Park until you Are confident Abou it the Economy a direction Short term treasuries wont tie up your Money while you await other  rates London up mondays 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 $352 00 an ounce Silver at $4 06. Sept. 6 sept. 9 British pound.1.6965 1.7260 German mark.1.7374 1.7035 French franc.5.9010 5.8095 dutch guilder.1.9564 1.9275 belgian franc.35.75 35.08 italian lira.1,295.70 1,276.45 Swiss franc.1.5255 1.4985 greek drachma.191.86 188.92 turkish lira.4,633.70 4,600.50 saudi arabian riyal.3.7501 3.7501 Spanish peseta.108.21 106.65 portuguese escudo.148.47 146.25 Canadian dollar.1.1397 1.1385 austrian schilling.12.2210 12.0100 norwegian krone.6.7850 6 6740 danish krone.6.7000 6 5955 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.67 through tuesday based on mondays noontime  group says 126 models to have air bags by new Day an insurance Trade group says that 126 of 211 passenger car and minivan models offered for 1992 will have air bags As Standard equipment on the Driver s Side. Although the total represents about 60 percent of models it does not represent 60 percent of vehicles expected to be sold. The safety devices still Are most prevalent in expensive cars that sell in relatively Low volume. But the insurance Institute for Highway safety says it is significant that models getting air bags for the first time in 1992 include several that sell in Large numbers the Honda Accord Sedan Toyota camry Chrysler  minivans the Ford Aerostat Pontiac Bonneville Buick Lesa re and Oldsmobile eighty eight. An air bag a is no longer a luxury item a said Charles Hurley a spokesman for the Arlington  Trade group. For 1991, air bags on the Drivers Side were Standard on about 53 percent of models offered the group said. The group said the number of models in which a passenger air bag either is Standard or available also is increasing. So too is the number of vehicles equipped with anti lock brakes. New York apr employers hiring plans for the last three months of the year improved slightly with the Midwest and South showing the strongest recovery for Job prospects according to a manpower inc. Survey. The company which provides temporary workers asked More than 15,000 employers by Telephone about their hiring plans for the fourth Quarter of the year. Employers in the Northeast and West expect to do less hiring manpower said. Although the figures were Down slightly from the third Quarter plans the dip was less than normally seen at the end of the year. Fourth Quarter hiring is substantially affected by seasonal influences manpower said. Of the firms interviewed 21 percent said they plan to add to their work forces Washington a More than one in 20 of the nations homeowners Are behind on their mortgage payments according to a Trade group which predicts even higher delinquency rates in the months ahead. The recession pushed the proportion of homeowners 30 Days or More late on their payments to 5.28 percent in the april june Quarter the highest level in nearly five years the mortgage Bankers association of America said. That was up from 4.95 percent in the first three months of the year and 4.52 percent a year earlier. It was the highest since 5.32 percent of mortgages were delinquent in the fourth Quarter of 1986. All regions of the country reported substantial increases which the association said a were consistent with Broad whereas 12 percent plan cuts. Another 64 percent will hold steady and 3 percent Are not sure. That compares with 22 percent that planned increases and 10 percent that expected reductions in the third Quarter. A when the results Are adjusted for these seasonal variations. We see Small but further Progress toward the economic recovery that first became evident last Quarter a said Mitchell s. Fromstein manpower president. Fromstein said the year end hiring plans Are More optimistic than for the fourth Quarter of 1982, when the Economy was also working its Way out of a recession. In that year Only 18 percent of employers expected to boost hiring and 14 percent planned cuts. Wholesale and retail trades Are sex based economic weakness accompanying the  moreover association economists warned that because delinquency rates tend to lag developments in the Economy the rate Likely will continue rising moderately for two or three quarters after the Economy begins recovering from the current slump. A frankly we expect things to get worse before they get better a said James w. Nelson president of the association. The second Quarter rate was still below the 6.07 percent Peak hit in the first Quarter of 1985, after the 1981-82 recession. Association economists cited rising unemployment Over the past year weak income growth and sluggish increases in Home prices As causes of rising Delin prospects Ivey finds petted to Lead the hiring activity through the end of the year As Thev prepare for the holidays. Cold weather normally blunts construction activity but builders Are More optimistic than they were last year when prospects were negative. This year the Outlook is even with is percent planning new hires and is percent looking to trim Job Rolls. Durable and non durable goods makers presented a Strong Outlook whereas transportation and Public utilities were reserved in their expansion plans. The finance insurance and real estate sector plans to step up hiring closing out its leanest year in the surveys 15-year history. Public and private education services and Public administration exhibited the dimmest prospects since the 1982 recession. Quenches. However the higher delinquency rate has not yet translated into a substantial increase in foreclosures except in the Northeast. Nationally the percentage of Loans in foreclosure was 0.96 percent in the second Quarter Only slightly higher than the 0.93 percent a year earlier. In the Northeast however where the recession has hit hardest and where Home prices have declined in some markets the foreclosure rate was 1.06 percent in the second Quarter compared with 0.81 percent a year earlier. There was a slight increase Over the year in the South to 1.16 percent irom 1.14 percent. Small declines took place in the Midwest to 0.89 percent irom 0.92 percent and in the West to 0.72 percent from 0.78 percent. Tuesday. September 10. 1991 the stars and stripes b Page 17 Money matters 4th-Quarter hiring up a bit employer us White House again Calls for drop in interest rates to help recovery by Norman d. Sandler United press International Washington a with one Eye perhaps on the Economy and the other on the 1992 Campaign the White House has sounded another Call for lower interest rates to bolster the nations Post recession recovery. White House chief of staff John Sununu said sunday on Abc tvs meet the press that the administration would like to see the Federal Reserve Board Spur growth by easing up a a Little bit faster on the Money Supply. Choosing his words carefully however Sununu hastened to add that fed chairman Alan Greenspan a is justified in his concern about doing it so fast that you get inflation and a very weak Money  a the has to balance that a Sununu said. A the operates independently. I think he understands that we lean a Little further towards a loosening of the interest rates than he  the state of the Economy has figured prominently in Early campaigning by potential democratic presidential hopefuls. They have accused Bush of devoting his attention to foreign policy his Strong suit at the expense of problems at Home. With Domestic issues Likely to receive renewed attention this week As Congress returns from its summer recess Sununu asserted the Economy a is moving out and said a was Long As these numbers continue to move in the direction they re moving i think the president will be solid in 1992.�?� a this president has been a great president a he said a and this country is going to re elect George Bush  Bush has yet to formally announce his candidacy and make final decisions on the Structure of his All but certain Campaign. Although his advisers have seen nothing but benefits flowing from such recent events As the repudiation of communism in the soviet Union Sununu said a we Are not As sanguine about 1992 As a lot of other  it Vij John Sununu answers questions on meet the press. 1 in 20 homeowners lags on mortgages