European Stars and Stripes (Newspaper) - October 24, 1991, Darmstadt, Hesse                                Page 18 b the stars and stripes thursday october 24, 1991money matters today s tip City inspectors in Chicago have found that automatic Price scanners at a Large percentage of area stores charge More for groceries and drugs than the prices shown on shelves a report said tuesday. A Check showed overcharging in 37 percent of 274 retail stores Caroline Shoenberger commissioner of the Chicago department of consumer services told the Chicago Sun times. Two drugstores showed the most violations a a Walgreen and an Osco. At the Walgreen Chain 24 of 36 items Cost More than the posted prices. At the Osco 23 of 39 items were higher than prices on  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 Al 1362.25 an ounce Silver at s4.13. Oct. 22 oct. 23 British Pound. .1.7155 1.7065 German Mirk. .1.6930 1.7045 French franc. .5.7885 5.8205 dutch Guilder. .1.9120 1.9207 belgian franc. .34.935 35.1425 Natal lira. .1,269.30 1,275.40 Swiss franc. .1.4835 1.4890 greek drachma. .188.90 189.72 turkish lira. .4,889.70 4.914.90 saudi arabian Riyal. .3.7503 3.7503 Spanish peseta. .107.23 106.38 portuguese escudo. .146.09 146.67 Canadian Dollar. .1.1265 1.1282 austrian Schilling. .11.9380 11.9850 norwegian Krone. .6.65 6.6775 danish Krone. .6.57 6.5955 these arc 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 1.66 through thursday based on wednesdays noontime  York Exchange new York up tha 15 most Active stocks in new York Stock Exchange composite trading on tuesday. Stock sales Leal net cow. Duracell inti 4.69o.7d0 28 % off % Philip Morris 4,054,700 69% off 2% toys r us inc 3,826,900 29% off 3 % Pepsico inc Rwjr Nabisco hid 3.646,000 27% Oft a a 2,846,700 10% off Citicorp 2,836,600 11 % off % Westinghouse Albriston Myersq Teton d Tswana 2,607,100 15% off % 2,045,700 79% off 1 i 1,849,100 35 off vat amp to company 1,830,200 38% unch Owens coming 1,615,900 22% up f % Santa be pacify 1,559,000 11 % up Johnson amp Johnsn 1,404,500 93% up 4 % Amer express 1.392,100 20% up % Wal Mart stores 1.377.600 47 0 12 i american Exchange new York up a Tow to most Active stocks in american Slock Exchange composite trading tuesday. Stock Situ lilt net chg. Barken Energy 905,000 6 up i Plains resource 894,200 26 % up 2 % am exploration 535,700 4 % up h Amdahl corp 448,000 15% up 1 new York Tamesa 377,500 19 off i pref Tih care 362,000 13 i off 1 i Echo say mines 317,500 6 i up i Wang labs inc 8 312,300 3 up a a foundation hath 262,200 24% up f it carnival cruise 241,900 27 % Toivi Dow Jones 1 new York up Daw Jones dosing Range of averages tuesday High Low close Chang 30 industrials 3084.53 3020 57 3039 80 ofl20 58 20 transport 1295.40 1269 99 1280 83 up 0 56 15 utilities 214.45 211 78 213.07 Oft 0.69 65 sturts 1115 30 1093 83 110 45 Oft 4 62i._ 19 european nations agree to forge new economic bloc by the Washington Post Paris a the seven nations of the european free Trade association joined forces tuesday with the 12 members of the european Community knitting together Western Europe a 380 million people into a powerful new economic bloc. The agreement will create a european economic area the worlds biggest common Market when it comes into effect Jan. 1,1993. The Deal was thrashed out among foreign and Trade ministers meeting in Luxembourg after More than a year of negotiations and it must be approved by the governments of All 19 countries. It will effectively expand the eco a single Market that is scheduled to take effect at the end of 1992, although the sensitive sector of agriculture Wilt be excluded. Under the single Market concept countries agree to open up their Borders to Job seekers companies investments transportation and almost All other aspects of commercial Trade from member countries. In return for the benefits of Access to a vastly greater Market for their companies they also agree to accept a huge array of common policies covering everything from tariffs to standards for Industrial production to Laws covering businesses. The 12 members of the european Community a Belgium Britain Denmark France Germany Greece Ireland Italy Luxembourg the Netherlands Portugal and Spain a have been negotiating for years to break Down the remaining barriers to Trade among them by the end of 1992. This a Europe �?T92�?� goal put new pressure on the european states that had not joined the eco Finland Iceland nor ii Rouaan free Trade association Finland Iceland Norway Sweden Switzerland Liechtenstein and Austria Way Sweden Switzerland Liechtenstein and Austria. The countries in the european free Trade association had been linked in a much looser economic relationship but Many feared that if they did not join the Europe �?T92 movement they would be left out of the economic benefits it is widely expected to generate. The enormous economic zone created by the Accord will encompass 380 million people from the most prosperous states in Western Europe. It also is expected to accelerate the process of eventually incorporating the impoverished new democracies in the Eastern part of the continent european officials said. Jacques Delors president of the eco a european Community Belgium Britain Denmark France Germany Greece Ireland Italy Luxembourg the Netherlands Portugal and Spain a amps executive commission said recently that the Community May include As Many As 30 member states in the future. Of the seven Efta countries Austria and Sweden have already applied for full dec membership and Finland is expected to follow suit next year. Switzerland and Norway Are still conducting a fierce political debate about linking their political destiny to the dec while Iceland and Liechtenstein seem Content with the economic links created tuesday. The dec Efta Accord must be ratified by the parliaments of All 19 countries and endorsed by the european parliament in order to take effect As planned at the Start of 1993. Red Ink engulfs . Car makers by new Day general motors and Ford displayed graphic evidence tuesday of How a stubborn recession is racking their bellwether Industry reporting third Quarter losses so deep that it now seems Likely american automakers Wilt suffer record red Ink for the year. The $1.6 billion of combined losses for general motors corp. And Ford motor co. Results from lower sales of cars and trucks the Cost of Cash rebates intended to keep sales from falling even further and the Price of developing and retooling new models to keep the automakers competitive. Outside experts and Industry executives cited the weak sales As proof that despite predictions of economic recovery on the horizon Many Consumers Are not yet confident enough to make major purchases. A while Consumers appear to be relatively optimistic about the Outlook for the National Economy according to recent surveys they seem to be less confident about their own personal financial situation a pm chairman Robert Stempel said in a statement accompanying the company a financial results. Chrysler corp. Is also expected to Post losses when the company reports its third Quarter results next week. When the year is Over analysts think the big three a combined deficit for the year could Well exceed the $4.5 billion posted in 1980 by those companies and american motors corp., now a division of Chrysler. While big three sales were Down More than 14 percent for the first three quarters of this year sales of japanese badged models including those built in the United states were Down by Only 5 percent so that Japan a share of the . Car Market has risen by 2 percentage Points Over a year ago to 25.8 percent. Pm said it lost $1.1 billion in the three months ended sept. 31, and $2,2 billion for the first nine months of the Fisca year. Car and truck sales worldwide ii the third Quarter were 10.1 percent Belov those of a year earlier As Small gain overseas were outweighed by a 10.4 per cent decline in the United states. Thi automaker sold 1.1 million vehicles Hen in the Quarter. Ford said it lost $574.4 million in Thi Quarter bringing its losses so far this Yea to $1.4 billion. Its worldwide car am truck sales were off 2 percent in the Quarter with a 3.4 percent decline in North America outweighing a Small gain Over seas. Ford sold 737,000 cars in this coun try during the Quarter. A because the Pace of recovery from re Cessions in Many of Fords key Market has been slow Ford also expects to re port a loss in the fourth Quarter a sail Ford chairman Harold Poling. Suit Over dictionary jacket ends in $2 million award by the new York times new York a a Federal jury awarded More than $2 million tuesday to Merriam Webster inc., the publisher of websters ninth new collegiate dictionary after finding that its jacket design was copied by rival random House inc. The duty deliberated for about four hours before deciding that random House had intentionally infringed on Merriam Webster when random House this year began publishing an edition of its random House Webster s College dictionary in a Bright red jacket with websters in White lettering Down the spine. The infringement the jury decided had Cost Merriam Webster $1,774,713 in lost profits. The Merriam Webster dictionary has had a red jacket with websters in White Down the spine since 1973, lawyers for the company said. A they did it to poach upon the valuable Good will of Merriam Webster and its famous dictionary Quot said Lile Deinard a lawyer for Merriam Webster. A few minutes after returning their verdict the jury awarded another $500,000 in punitive damages to Merriam Webster. The lawyer for random House Lawrence Rosenthal said he would move to have the verdict set aside