European Stars and Stripes (Newspaper) - October 31, 1991, Darmstadt, Hesse                                Page 18 c the stars and Stripe Money matters thursday october 31, 1991 today a tip British airways is offering cheap thanksgiving air fares to a americans wishing to visit the land the pilgrims left  the round trip fares to London Start at $409 from such destinations As Boston new York Newark . And Philadelphia and go up to $629 from Anchorage Alaska. Departures from other . Cities Are available for prices somewhere in  airways said its also offering $409 round trips Between new York and Manchester England and Glasgow Scotland. Tickets must be purchased seven Days in Advance for eastbound travel beginning from nov. 17 to nov. 28, with westbound travel from nov. 29 to dec. 12. Other airlines said they have not yet decided whether to match the lowered fares. 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 $357.50 an ounce Silver at $4.11. A . 29 oct. 30 British pound.1.7230 1.7400 German mark.1.6915 1.6800 French franc.5.7735 5.7500 dutch guilder.1.9058 1.8945 belgian franc.35.30 34 67 italian lira.�.1,265.00 1,258.50 Swiss franc.1.4805 1.4755 greek drachma.192.03 188 96 turkish lira.4,954.60 4,921.10 saudi arabian riyal.3.7501 3.7501 Spanish peseta.107.75 106.09 portuguese escudo.147.24 144 90 Canadian dollar.1.1240 1 1225 austrian schilling.12.0620 11.8670 norwegian krone.6.7180 6.6105 danish krone.6.6425 6.5355 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 1.64 through thursday based on wednesdays noontime Price fixing. New York Exchange new York up a York Stock Exchange Stock Horsham corp Glaxo holdings Jenny Craig Salomon inc Compaq computer Citicorp Rwjr Nabisco hid Pepsico inc Tel Fonos de my Philip Morris Amer express at amp to company Westinghouse Al time Warner inc get corp the 15 most Active composite trading on silo last 4,836,100 3.388.700 3,237,400 3.047.700 2.436.700 2.272.500 2.208.700 2.195.900 2.185.500 2.098.000 1.878.500 1.686,200 1,629,300 1.505.900 1.437.000 9% 55% 24 28% 28% 11 10% 28% 42% 69% 18% 38% 17 89% 32% stocks in new tuesday. Notch. Off % up 2 unch up 2% off up % off a is up % up off % off % up % up % up 3% up % american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading tuesday. Stock Salei last net chg. Rhone Poul cart 4,795,900 2% unch Bergen Brunswig 766,400 21% up % 29% Oft % 6% up % 2% up % 12% up 1 % 21% up 2 unch 28% up 2% 36% up 1 % Stock Rhone Poul cart Bergen Brunswig Viacom inc b Nabors Industry Western digital Igi inc fruit of loom Energy service spi pharma inc pall corp Salei 4,795,900 766,400 419.500 413.300 375.500 301,900 283,800 266,700 264,000 262.300 Dow Jones new York up a Dow Jones closing Range of averages tuesday 30 industrials 20 transport 15 utilities 65 stocks High 3077.82 1283.82 215.89 1112.12 Low 3020.13 1260.09 213.07 1092 26 3061.94 up 16. 1274.48 up 8.41 215.01 up 0.56 1105.88 up 5.86 ailing Economy manages to Post gain in 3rd Quarter by the los Angeles times Washington a the . Economy grew at an annual rate of 2.4 percent Between july and september the first sign of growth in a year and the biggest quarterly increase since the Economy began to run out of steam in mid-1989, the department of Commerce said tuesday. While renewed expansion of the Gross National product Gnu a the nations total output of goods and services a Means that the recession officially has ended both government and private economists cautioned that the upswing May be Only temporary. The report is overshadowed by weaknesses elsewhere and Many Are warning of a so called double dip recession. The chairman of the presidents Council of economic advisers Michael j. Boston said the Gnu figure was a right in line with what we expected but conceded that the recovery was proving a More sluggish than we would  typically economic recoveries since world War ii have seen annual growth rates almost double the 2.4 percent Rise recorded in the third Quarter. Moreover analysts have predicted that the third quarters economic vigor ultimately will prove to be fleeting. A it was a real pickup a said Bruce Steinberg an economist with Merrill Lynch Pierce Fenner amp Smith inc., in new York. A the problem is what a going on right  he added that the third Quarter numbers appear to be merely a a false Start to the  Roger Brinner of data resources  Hill in Lexington mass., said . Consumer Confidence sags new York up consumer Confidence Sank to recessionary Levels in october in a staggering sign that the key component of a . Economic recovery is crumbling under employment worries the conference Board said tuesday. The Index of consumer Confidence set at 100 in 1985, Sank to a Reading of 60.4 in october from 72.9 in september. The Index which monitors Consumers perception of the Economy and future spending fell abruptly after being on a steady decline for the past six months. In the october Survey less than 10 percent of the respondents viewed business conditions As a Good a while More than four times As Many said they were  a the message is loud and Clear. The nations Consumers Are apprehensive a said Fabian Linden executive director of the Independent economic Survey organizations research Center. Consumer expectations did not translate into any Hope the . Economy will rebound soon. The expectations Index dropped to 79.6, Down sharply from 95.4 in september. While Linden said a reasons for the abrupt Sag in the consumer a spirit in october Are still not entirely Clear a the main cause remained the worrisome employment situation at a time when Many major corporations Are announcing hefty Job cuts. The monthly consumer Confidence Survey is based on a poll of 5,000 households nationwide and is conducted by National family opinion inc. Of Toledo Ohio. A we Are sticking to a forecast of a Hal Speed recovery a disappointingly  the highlight of the report is consumer spending which grew by 3.8 percent surprising Many forecasters. Purchases of durable goods a such As cars appliances and furniture a Rose 9 percent. Economists consider that figure an important measure of consumer Confidence because Large purchases can be postponed when Consumers Are expecting bad times. A if you re worried about the future you just use your old ones a Brin Ner said. The past few weeks have seen a torrent of gloomy economic reports. Initial unemployment claims Are up. Auto sales Are Down reflecting a relatively poor reception for Detroit a new models. Housing starts after rising for several months have fallen again. Many analysts expect More bad news later in the week with the release of the most recent employment figures. A a we la understand Why Consumers Are feeling uneasy a Steinberg said. Merchants Bank involved in merger by Chuck Vinch Washington Bureau Washington a a merger Between merchants National Bank and National City corp., a huge Bank holding company will have no effect on banking services at overseas military bases according to merchants and defense department officials. A this will have no Impact at ally on the defense departments overseas banking operations said Nelson Toye director of accounting policy for the Pentagon comptrollers office. A we have talked to top officials at merchants National and they have assured us there will be no changes and that the Bank remains just As enthused As they were before about continuing in the military banking business a Toye said. In fact merchants National officials say the merger will strengthen the Bank by giving it More resources to draw upon for both its stateside and overseas operations. A a we re a $5.6 billion organization merging with a $30 billion organization a said merchants National spokesman Ken Carr. National City corp. Announced the merger agreement with Indianapolis based merchants National the third largest banking company in Indiana on wednesday. Edward Brandon National City chairman and chief executive officer said in a prepared statement that Indiana has Long been a part of the company a expansion strategy. A both National City and merchants National have a tradition of providing Quality customer service to their retail Middle income and corporate customers a Brandon said. Carr said the merger will Benefit merchants National customers employees and stockholders although it will result in a reduction in the Bank a work Force by about 600 out of 3,542 employees. A but those Are All . Employees a Carr said. A no cuts Are planned in our overseas work  Carr confirmed toyed a comments about merchants nationals desire to stay in the military banking business. A we will enter a bid on a new contract when the next Cycle comes up a he said. The current three year overseas banking contract will expire at the end of the current fiscal year sept. 30, and the defense department will begin soliciting bids for the next contract in Early 1992, Toye said. Turner buys Hanna Barbera cartoons. Atlanta apr Fred Flintstone is joining Scarlett of Hara Bernard Shaw and David Justice in the Turner broadcasting system inc. Stable. The Cable television Giani paid $320 million to acquire the Hanna Barbera cartoon Library which contains the cartoons. Turner announced tuesday it had signed an agreement to buy the animator a move that will beef up tbsp warehouse of programming that already includes the $1.3 billion Mem movie Library and a growing Stock of self produced titles. Hollywood based Hanna Barbera productions inc., formed in 1957, is the Cre Ator of such cartoon classics As the Flintstones the Jet sons Yogi Bear and Scrooby Doo. The Deal with Turner includes More than 3,000 half hours of animated programming and More than 350 to series television movies and theatrical releases. The Deal subject to regulatory review is expected to be completed by Vearus end Tbs said. Y y Hanna Barbera a chief executive officer David Kirschner is expected to continue to develop and create programming for Turner. Tuesdays agreement bound Turner its 50 percent joint venture partner Apollo investments fund l.p., and great american communications co., of which Hanna Barbera is a wholly owned subsidiary. The acquisition boosts the selection of programs Turner can offer on its Tbs superstition and int networks As Well As fodder for licensed merchandise from a free cups to to shirts. Tbs chairman Ted Turner also owns Cable news network and the Atlanta braves baseball team whose games Are a Staple of the Tbs television schedule. Turner spokesman Gary Mckillips declined to say How the Hanna Barbera titles would be used. Sources said Turner is considering an All animation network