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Publication: European Stars and Stripes Sunday, October 13, 1991

You are currently viewing page 13 of: European Stars and Stripes Sunday, October 13, 1991

     European Stars and Stripes (Newspaper) - October 13, 1991, Darmstadt, Hesse                                Sunday october 13, 1991 the stars and stripes a Page 15 Dollar watch shown below Are the highest Dollar Exchange rates for the week of sept. 30 oct. 6 compared with Dollar rates for the same period one year and five years ago. British Pound one Pound would Cost you $ 1�?~70 196 $1.43 if ill 1991 1990 German Mark one Dollar would buy you 2.00 1.50 a 1990 1986 i a Mumi a maj a military Exchange rate italian lira one Dollar would buy you 1.274 1150 1 383 1991 \ 1990 1986 a amps new York up the Dollar slipped against major foreign currencies Friday on renewed Market expectations for lower . Interest rates. A combination of lacklustre economic data and Low inflation gave added weight to speculations . Interest rates could be Cut again a some said by a full percentage Point. The Benchmark discount rate currently is at 5 percent. September retail sales edged up 0.7 percent from August to $153.3 billion and were 0.9 percent above year ago Levels. Economists said the increase was stronger than expected but reflected a one time surge in car sales while other sectors weakened. Without the car component retail sales Rose a modest 0.1 percent. The consumer spending trend matched the weak september sales the major . General merchandise retailers reported thursday. Inflation appeared Well under control As the producer Price Index Rose a seasonally adjusted 0.1 percent in september while the Core Phi excluding volatile food and Energy prices remained Flat. Trading was Light ahead of the three Day Columbus Day weekend. Banks will be closed monday in the United states. In late afternoon new York trading the Dollar retreated to 1.6890 Marks from 1.6960 thursday and to 129.60 japanese yen from 130.35. Sterling edged up to $1.7220 from $1.7150. Against other european currencies the Dollar also slipped in new York to a 1.48 Swiss francs from 1.4835 thursday. A 5.7625 French francs from 5.7830. A 1,266 italian lire from 1,268. Earlier the Greenback ended mixed in lacklustre european trading reflecting the soft . Economic data. In Frankfurt the Dollar dropped to 1.6920 Marks from 1.6950 thursday. In London Sterling strengthened to $1.7185 from $1.7155 thursday. Court Battle lights up Issue of sexual harassment on Job by Dirk Beveridge the associated press new York the topic of discussion in Many a workplace last week sexual harassment on the Job. Law professor Anita Hills charge that supreme court nominee Clarence Thomas discussed pornographic films and his own sexual prowess after she spurned his advances rocked Washington. It had Middle aged male senators running for cover from accusations that a Good old boys network tried to sweep the matter under the Rug. As the nation focused on the highest drama to emerge from Congress in years working women everywhere began to speak up about sexual harassment. Even the Bush administrations top ranking woman labor Secretary Lynn Martin told reporters in new York that she had experienced some form of sexual harassment a was it has occurred for most  Barbara Otto of 9 to 5, the National association of working woman put it this Way a a it a like they re coming out of the closet to Tell their dirty secret. They re saying a enough a a the political storm stirred Many a debate in the workplace. Not surprisingly the one thing everyone seemed to agree on was that men and women held vastly different views on what constitutes sexual harassment. The equal employment Opportunity commission which Thomas was running during some of the alleged harassment of Hill has its own guidelines. According to the Leoc sexual harassment is any sexual Advance request for sexual favor sexual remark or conduct that affects Job or promotion decisions interferes with work performance or creates a hostile offensive or intimidating atmosphere. But even though surveys show about 40 percent of All working women and a far lesser number of men have experienced some form of unwelcome sexual attention Only a fraction came Forward to complain. The Hill Thomas showdown May have emerged from Washington politics at its Nastiest but it cast a new Light on an Issue that goes beyond the shape of the next supreme court. Market recovers at week s end after opening on shaky ground new York up the Stock Market had a Rocky Start to begin the week but managed to finish on a firm note thanks once More to computer driven program activity. For the week the Dow Jones Industrial average Rose 21.92 Points to close at 2983.68, recouping nearly half of the previous weeks 44.28-Point plunge. Among broader Market indexes the new York Stock Exchange composite Index eased 0.15 to end the week at 210.07, and the Standard amp poor a 500 Index edged up 0.21 to 381.45. Declining issues edged advances 1,104-838 among the 2,248 issues traded last week. Weekly big Board volume totalled 823,345,942 shares up from 818,255,068 traded a week earlier and 780,919,910 in the same week a year ago. The Market closed lower in moderate trading monday tumbling for the fourth session in a Row As Westinghouse electric gave a shaky Start to corporate americans third Quarter earnings reports. The Dow fell another 19.01 Points to 2942.75 for a four Day loss of nearly 76 Points. Stocks closed higher in moderate trading tuesday halting a four session losing Streak with the help of bargain Hunting and computer driven program buying. The Dow rebounded 21.02 Points to 2963.77. But the markets Advance stalled wednesday depressed by computer driven program Selling and profit taking As investors worried Over corporate earnings in the third Quarter. The Dow gave Back 17.44 to 2946.33. Stocks rebounded thursday after a late flurry of computer driven program buying helped the Market shake off an earlier weakness propelling the Dow to a 30.19-Point jump. Stocks ended the week with slim gains buoyed by computer guided program buying and better than expected govern ment economic reports. The Dow added 7.16 to 2983.68. Analysts said program oriented activity continued to play a dominant role in determining the direction of the Market As cautious investors remained concerned Over the Economy and third Quarter earnings that started filtering in this week. Hugh Johnson head of the investment policy committee at first Albany corp. In Albany n.y., said the markets performance Friday a is a microcosm of what happened this  he said the sudden swings generated mostly by computer driven program trading a reflected rising or falling Confidence or optimism about the  a a we re on shaky ground or thin ice right now insofar As earnings and the Economy Are concerned a Johnson added a and that should continue until there is some news that will raise the Peoples  on the trading floor last week National medical enterprises was the most Active Issue on the big Board sinking 314 to 1714. The health care services company a Stock took a beating Early last week after reports said it was the target of state and Federal investigations into alleged fraud of health insurance companies. Westinghouse electric was second plunging 3v4 to 18. Westinghouse a major Dow component also took a drubbing after reporting a third Quarter net loss of $1.48 billion and plans to eliminate 4,000 jobs company wide. Tel Fonos de Mexico was third jumping 33/4 to 41 i after pain Webber group and Goldman Sachs amp co. Reportedly reiterated their a a buy rating on the company. Volume of nose listed issues including trades in stocks on regional exchanges and in the Over the counter Market totalled 993,658,662 shares Down from 997,795,276 Market update activity for the week of october 7-11,1991 Dally Dow Elsas 3100 3050 3000 2950 2900 2850 m t w the f highest close 2,983.68-Fri. Week s High 3,000.89-Fri. Lowest close 2,942.75-Mon. Week s Low 2,942.75-wed. Week s change up 21.92 aps amps traded in the previous week and with 945, 928,050 a year ago. On the american Stock Exchange the amex Market value Index added 1.07 to close Friday at 369.66. For the week the Index slipped 1.81. Declines edged advances 482-342 among the 1,025 issues traded for the week. Texas firm to build 11,000 army trucks Houston up Stewart amp Stevenson services inc. Of Houston was awarded a $1.2 billion contract Friday to build 11,000 trucks for the army Over a five year period. A the actual Assembly work will take place at the company a new Plant in Sealy near Houston said sen. Phil Gramm a Texas who made the announcement. Gramm said company officials estimate the contract will create up to 630 jobs in the area and a so this is truly great news for the Economy of Southeast  the contract is part of a policy to modernize the army a Fleet of medium sized tactical trucks most of which were designed in the 1950s, Gramm said. The company will build 2.5-ton and 5-ton trucks under the contract. Separately sen. Lloyd Bentsen a Texas said the initial contract is for $85." million. The contract has renewal option for five years totalling $1.2 billion. A this is a major win for Texas a Bent sen said. A it puts us firmly in the business of major vehicle   
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