European Stars and Stripes (Newspaper) - October 3, 1991, Darmstadt, Hesse Page 18 c the stars and stripes thursday october 3,1991money matters today s tip the governments economic forecasting gauge was Flat in August according to a Commerce department report tuesday that analysts said was the latest sign that an already lacklustre recovery continues to slow Down. A the August leading indicators show that the recovery is continuing to decelerate a said John m. Albertine head of a Washington economic forecasting company Lawrence h. Meyer president of a St. Louis forecasting service agreed. A this data confirm other data that we be been seeing that suggest this Economy is really still Many economists said they believe the Economy would escape a double dip recession although Meyer said a we will flirt with it and come uncomfortably conversion rates London up wednesdays 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 $355.40 an ounce Silver at $4.14. Oct. 1 oct. 2 British pound.1.7488 1.7519 German mark.1.6655 1.6625 French franc5.6755 5.6650 dutch guilder.1.8770 1.8740 belgian ranc.34.4000 34.3000 italian lira1,246.00 1,244.00 Swiss franc.1.4525 1.4525 greek drachma185.80 185.06 turkish lira4,699.30 4,699.80 saudi arabian riyal3.7503 3.7502 Spanish peseta105.44 105.11 portuguese escudo143.78 142.80 Canadian dollar1.1314 1.1308 austrian schilling.11.7375 11.6960 norwegian krone.6.5270 6.5030 danish krone.6.4365 6.4120 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 1.62 through Friday based on wednesdays noontime Price fixing. American Exchange new York up american Stock sex Crit a the 10 most Active stocks in me composite trading tuesday. Stock sales last net chg. Metro mob b 878,900 2114 up up 2 v4 pref hath or 464,600 15v5 Marcus get so 455,600 10 up 14 Bergen Bruns 416.900 21 i up �?T4 carnival cars 371,700 25v4 up i Wang labs b 354,000 214 up i system kinds Elk Sportun it 287,600 4 up 1 274,900 614 off 14 epitome 250,400 20 a up 114 Emit of pm 249,800 20 011% new York Exchange new York up a the 15 most Active stocks in new York Stock Exchange composite trading on tuesday. Stock Upjohn co adv Mic do Pepsico inc get corp global mar at amp to co. Rwjr Nab bldg Citicorp Philip to Imp inc Community pay Baxter inti waste mgt am express Exxon corp sales last 2,897,700 44�?T4 2,410,700 9 2,272,900 29 2,214,900 31 4 1,852,600 34 1,624,100 3744 1,599,700 1144 1,534,800 14v� 1,515,900 7344 1,379,000 14 a a 1,231,700 16 1,223,400 .33�?T4 1,172,600 37 4 1,167,400 26v4 1,150,700 60 i net chg. Off 214 off vib up 4 up v4 up Viup 4 unch up14 up 1 4 up 4 off 1v� off in a pvt up 4 up a Dow Jones new York up tuesday 3c industrials 20 transport 15 utilities 65 stocks Dow Jones closing Range of averages High 3043 60 1205 57 21376 1084 33 Low 3002.46 1184 41 211 50 1068 88 Cloie 301834 1195 87 7.1263 1075 88 change up 1.57 up 2 99 Oft 019 up 0 95 Ford chairman Harold a. Poling stands with one of the automakers Light duty trucks that run on natural Gas. Ford announces plans to make pickup powered by natural Gas los Angeles up Ford motor co., in a move to catch up with rival general motors corp., said tuesday that it will begin building natural Gas powered pickup trucks Early next year and Start mass producing the vehicles by the Middle of the decade. Ford chairman Harold a. Poling made the announcement at a news conference. He said the Light duty trucks will be developed under a $23 million joint development program with the Gas research Institute and Southern California Gas co. A we Are serious about producing natural Gas powered trucks that people can buy a and can drive a with the Confidence of knowing they have been thoroughly tested before Public Sale a Poling said. A your testing will be done under carefully controlled Fleet conditions and Only after we have ironed out All the wrinkles will we put these vehicles on the Ford plans to sell about 100 of the trucks next year mainly for use by Gas utilities and their customers including Pacific Gas and electric Socal Gas and san Diego Gas and electric. Ford will then introduce up to an additional 600 natural Gas powered trucks in 1993-94. Natural Gas powered trucks Emit Carbon monoxide and hydrocarbons at about half the level of current trucks. Automakers Are under pressure in California to produce at least 200,000 a Ultra clean vehicles by 1994 that Are 50 percent to 85 percent less polluting than the current standards. The state s air resources Board enacted the standards a year ago in order to Force automakers to use a variety of technologies to clean up the states air which has some of the dirtiest regions in the nation. By 1998, 2 percent of All new cars sold in the state must be free of pollution. A a there a no question that fuels of All kinds will be cleaner in the future a said William Sessa a spokesman for the air resources Board. A a Ford a announcement is a natural consequence of californians general motors has already made a Large scale commitment to the idea and is is expected to Start Selling about 1,000 Sierra pickups later this year or Early next year mostly in California and Texas. World Economy falters . Says by the los Angeles times United nations the world Economy is in worse shape than at any time since the end of world War ii brought Down by widespread recession communism a collapse and a flurry of violence the United nations reported tuesday. In a report to the general Assembly undersecretary general Rafe Uddin Ahmed said this year will Mark the first time since 1945 that the total production and income of All the countries in the world will decline. The worlds Gross Domestic product the statistic that measures what everyone produces will drop by 0.5 percent the report said. In every other year since the end of world War ii Ahmed reported declines in some countries were always offset by growth in others. Ahmed attributed the unprecedented decline to three difficulties a recession in some of the most important industrialized countries that account for a third of the worlds economic activity. A War and civil strife in the persian Gulf Yugoslavia and some african countries. A economic dislocations in countries making the transition from communism to free Market economies. Ahmed the undersecretary general in charge of International economic and social affairs warned that the situation was a dangerous one. Britain bans drug found in sleeping Pill London apr the department of health on wednesday withdrew All medicines containing Tri Zolam including the popular sleeping Pill Halcyon because of safety concerns. The department of health said medicines containing Tri Zolam were associated with a much higher frequency of psychiatric Side effects particularly loss of memory and depression than other sleeping pills. A it is now considered the risks of treatment with Tri Zolam outweigh the benefits a the department of health said in a statement. Tri Zolam is available by prescription Only in Britain and is used for treating insomnia the department of health said. The daily Telegraph reported that be 2 million people in Britain use Halcyon the newspaper also reported that b ainu a committee on safety of Medici had offered Upjohn the makers of f Cion the Chance to remove the drug it Unitarily but it had refused. British thormities have Given the company u nov. 9 to file an Appeal
