European Stars and Stripes (Newspaper) - September 18, 1991, Darmstadt, Hesse                                Wednesday september 18, 1991 the stars and stripes b Page 17money matters today s tip 5 i of Dow Jones amp co. Said monday it is phasing out the clanging news printers known As a a tickers that have provided time sensitive information to Wall Street since 1897. The printers which spit out Stock Market numbers and the latest business news Are being replaced by a fully electronic system that gives users Access to information on a video screen. Dow Jones spokesman Roger May said that Only a a few hundreds of the printers Are still used by smaller brokerage Industry participants news rooms companies and others Down from about 2,000 in recent years. Conversion rates London up tuesdays 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 $346.25 an ounce Silver at $4.07. Sept 16 sept. 17 British pound.1.7400 1.7425 German mark.1.6770 1.6705 French franc.5.7420 5.6875 dutch guilder.1.9010 1.8835 belgian franc.34.7500 a italian lira.1.262.35 1,249.00 swissfranc.1.4620 1.4585 greek drachma.187.35 185.82 turkish lira.4,621.50 4,604.00 saudi arabian riyal.3.7502 3.7502 Spanish peseta.105.69 104.80 portuguese escudo.144.69 143.39 Canadian dollar.1.1346 1.1358 austrian schilling.11.8620 11.7540 norwegian krone.6.6110 6.5480 danish krone.6.5150 6.4475 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 1.63 through wednesday based on tuesdays noontime Price fixing. New York Exchange 1 new York up the 15 most Active stocks in new York Stock Exchange composite trading on monday. Stock Salei last Natch. Beazer Pic 13,537,000 8% up 2% Pepsico inc 3,237,600 29% off % am express 2,738,100 25% unch United Telim 2,300,700 23% off 1% at amp to company 1,910,500 37% off % Philip to 1.885,600 72% up % ism corp 1,841,100 103% up % genl elec 1.813,200 69% up 1% Royal dutch p 1,642,600 81% off % Uniss corp 1,375,500 4% up % Marion merr 1,312.000 29% off % Pfizer inc 1,269,900 63% off % Nike inc 1,255,600 51 % up 3 Telen de mex 1,153.500 37% 0 1% Compaq copter 1,143,100 32% Oil 1 a 1 american Exchange 1 new York up a the 10 most Active stocks in american Stock Exchange composite trading monday. Stock sales last net chg. Dow chem it 1.985,800 11 unch Energy serv 638,000 2% off % carnival cars 375,500 22% up % Forest labs 345,200 30% off % Natl Patent 267,600 5 off % Corona up a 264,200 6% off % fou Datri hath 220.400 21% up a a Hasbro inc 202,900 27% off % Marcus desc 202,300 6% up % Spaghetti was 200,300 20% up % Dow Jones new York up Dow Jones closing Range of averages monday 30 industrials 20 transport 15 utilities 65 stocks High 3023.03 118776 206 38 1071 66 Low 2973 61 1169 61 205 87 1055.12 clot 3015 21 1181 06 208 12 1068 16 Catiang up 29 52 off 1 59 up 1 62 up 6 77 depositors could face losses without reforms experts say Washington up a group of University business professors and other banking experts urged Congress on monday to immediately Reform Laws governing insurance for Bank depositors to prevent further taxpayer losses. A Banks need to operate with much higher capital than has been True in the past and when that capital declines they  be allowed to continue a said Stanford University professor Kenneth Scott a member of the so called Shadow financial regulatory committee. Lawyer Lawrence Connell one of the groups co chairmen added a it is critical that Congress not allow Deposit insurance Reform to languish until next  the groups members said they fear Congress will give the Bank regulating Federal Deposit insurance corp. The $70 billion in additional borrowing authority it has requested from the . Treasury without insisting on immediate reforms. Legislation now making its Way through the House and Senate Calls for various changes in the banking system including some reforms in Deposit insurance. However the legislation does not mandate that Bank regulators require specific capital Levels the group noted. The group said it is not calling for Lim its on How much in deposits any one depositor can get insured. They believe strict new rules requiring federally insured Banks to keep adequate capital on hand would be More effective. Some lawmakers have called for Deposit insurance Reform that would keep depositors from getting More than a $100,000 insurance limit. Many depositors open a number of accounts a each covered by Deposit insurance a at different Banks. The Shadow committee said it would be better to place Banks in conservatorship if their capital gets below a certain level of say less than 3 percent of assets. If for example Banks do not have at least 10 percent of assets in capital the group contends they should be subjected to increasingly tougher Levels of regulatory supervision. The current system is a a prescription for periodic disaster Quot Scott said. A a it a a life or death Issue with us a agreed George Kaufman ii another co chairman of the group and a professor at Loyola University of Chicago. On other Bank legislation issues the group said a Banks should be allowed to operate in various states because Bank holding companies Are already allowed to do that. According to experts holding company ownership has been inefficient. A Bank ownership by such companies As Sears Roebuck amp co. Or general motors corp., As has been proposed should not be a major worry because commercial enterprises have been allowed to own Banks in the past. Furthermore Tew Are Likely to get in the Hanking business. A taxpayers would not be helped by a legislation proposed by rep. Charles Behumer. D-n.y., to allow a wholesale Quot Banks which would offer deposits not covered by Federal insurance. However such Banks would still receive lower in Terest Loans at theft ederal Reserve s discount window. On a related Issue the Shadow committee also urged greater regulation of government sponsored credit enterprises such As the Federal National mortgage association and the Federal Home  mortgage association responsible for most housing Loans. With $980 billion in outstanding liabilities these enterprises Are a potentially the next big disaster Quot for taxpayers said Emory University professor George Benston. Software firm offers programs for Novice computer customers by Peter h. Lewis the new York times Microsoft corp., reaching out to Novice computer users introduced three new software products monday aimed at Home computer users and those who work in Small businesses and Home offices. The new programs Are Microsoft works for windows Microsoft Money and Microsoft publisher. All three Are based on Microsoft a windows 3.0 graphical operating system which Means that while the programs Are intended for novices the novices must have computers with enough memory and processing Power to run windows. Windows must be purchased separately. Microsoft officials said works for windows list Price $199.95, and Microsoft Money $69.95, will be available at the end of this month. Microsoft publisher with a list Price of $199.95, is expected to reach the stores by oct. 7. Microsoft Money is Best described As a smart Check Book useful for keeping track of checks deposits withdrawals credit cards business expenses and other simple financial records. It will be a direct challenger to Intuit  quicken by far the most popular personal financial software for Dos computers. A windows version of quicken is expected in a couple of months. Microsoft publisher is a rival to Spinnaker software spas first publisher the leading Low end Dos desktop publishing program. Microsoft publisher will be useful for creating newsletters fliers brochures and simple business forms. Works for windows is a Welcome update to Microsoft works a popular integrated set of programs that includes a word processor a spreadsheet and a data base manager. Lower Cost and greater ease of use Are the two main reasons Small business and Home office users might consider buying an integrated program instead of More Microsoft chairman Bill Gates displays a copy of Money one of the company a new personal computer software programs in new York on monday. Powerful stand alone programs. The most interesting feature is works wizards a set of interactive tools that essentially automates common Small Busi Ness tasks. For example someone might wish to create a data base of business contacts sort of an electronic address Book. With a More powerful data base program one might spend hours learning How to create mountains when a Molehill would do nicely. The wizard Button can create a template for an address Book almost automatically. The user Clicks on the wizard answers some Standard questions and sits Back while the program automatically builds the forms. Microsoft has designed each works facet to be easier to use than its big business counterpart. A a help features Are expanded and the commands Are simplified. Many Small business and Home office workers would Likely prefer full powered software. But new computer users and those who Are just beginning to automate their Small businesses May find works for windows better suited to their needs. If the user outgrows the program later data in works for windows will work with brainier Microsoft applications