European Stars and Stripes (Newspaper) - November 1, 1991, Darmstadt, Hesse                                Friday november 1, 1991 the stars and stripes b Page 17 today s tip a rivals atari games corp. And Sega of America have announced a strategic Alliance to Battle a common enemy Nintendo of America inc., the undisputed King of video game entertainment. Atari and Sega said they together would manufacture Ana Market More than 40 software products for Sega video game systems in the United states and Europe Over the next two years. The Alliance Between the two companies comes As video game manufacturers Are battling Nintendo by far the Industry Leader for a share of the Market for newer faster More sophisticated 16-bit systems. Conversion rates London up thursdays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in Dollar Gold wit quoted at s357.50 an ounce Silver at $4.09. Oct 30 oct. 31 British pound.1 7400 1.7440 German mark.1.6800 1.6735 French franc.5.7500 5.7195 Outch guilder.1.8945. 1.8820 belgian franc. 34.67 34.43 nahmlira.1,258.50 1,253.95 swtolftanc.1.4755 1.4685 Graek drachma.188.96 187.35 turkish nra.4,921.10 4,914.90 saudi arabian riyal.3.7501 3.7501 Spanish peseta.106.09 105.37 portuguese escudo.144.90 143.88 Tenan dollar.1.1225 1.1224 austrian schilling.11.8670 11.7790 norwegian krone.6.6105 6.5620 oanishnone.6.5355 6.4960 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 Friday based on thursdays noontime Price fixing. New York Exchange new York up York Stock exc Angs Rwjr Nabisco hid a corp Chrysler corp Glam holdings ams remorss Philip Morris Pepsico inc at amp to company Compaq computer Damon corp  Tei Fonos is my a corp Salomon in total co franc the 15 most actors stocks in new composts trading on wednesday. Iasi notch. 10% off 1ft in up 12v� up 1% 561ft upv4 191ft up 691ft up 1ft 28% up 1ft 38vft off vat 27% off vat 18 off 17% up % 42% unch 100% up 1% 28% unch 21% up % 5.338.700 3.454.500 3.272.100 2.773.500 2.265.500 2,262,900 1.914.600 1,834,400 1.739.700 1.691.700 1,667,200 1.569.600 1.527.100 1.419.100 1,409,300 american Exchange new York up the 10 most Active stocks in american Stock Stock fruit of loom Hasbro inc Americus get so Plains resource Igic Hillham Vancorp spi pharma inc response tech Amdahl corp Ivan corp composite trading wednesday. 542.300 506.700 403.600 285.300 262,500 258,800 255,200 249.600 237.700 225,100 22% 36% 10% 24 13 2 29% 7% 14% 42 not cow. Up up up off 2% up unch up up up up Dow Jones new York up a now Jones Dorting Range Al average wednesday Cam 30 industrials 309o?2 mrs 307u8 Offik 20 transport 1291.29 1267.56 1282.32 up 7.84 15uaimu 217.20 214.32 216.57 up 1.56 65 stocks 1117.47 1098.77 1111.01 up 5.13 Ruble notes debut Moscow up the .s.r. State Bank began issuing new 200-Ruble Bills wednesday. Or it possible interest rate cuts Don t impress economists Washington a with president Bush and Federal Reserve chairman Alan Greenspan expressing new economic concerns analysts feel certain that interest rates Are headed lower again. But they Are far less sure that the cuts will do the trick in reviving a sick Economy. Even though the fed has been aggressively easing rates for a year the country is still struggling to pull out of the 199091 recession. Economic statistics have been uniformly bad in recent weeks depicting an Economy besieged with rising Iob layoffs plunging Home sales and weak orders for manufactured goods. Consumers spooked by All the bad news have put away their pocketbooks and this is Likely to Lead to further retrenchment in coming months analysts  in an Effort to get Consumers and businesses spending again the administration has been urging the Federal Reserve to Cut interest rates further. Many economists believe the fed took such an action wednesday when it let a key interest rate the Federal funds rate fall to 5 percent. The old fed target for this rate which is the interest Banks charge each other for overnight Loans was 5.25 percent. The fed does not make announcements on changes in the funds target and analysts said it would take a Day or More to be sure that the Central Bank had indeed eased credit again. But some economists questioned whether this would finally get economic new fell 12.9 percent last month to an annual rata of 446,000 units. The plunge which came despite a drop in mortgage interest rates to their lowest level in nearly 14 years hit every Region of the country. The Chart below shows the percentage decreases in four regions. V v / y a amps Sharon Kilday growth on a faster track. Allen Sinai chief economist of the Boston co., said the huge overhang of consumer and business debt from the 1980s was making it difficult to boost loan demand regardless of the level of interest rates. Bush faced with polls showings Low approval ratings for his handling of economic matters met with his top Domestic advisers for a two hour briefing on the Economy late wednesday following his return from the Mideast peace conference in Madrid Spain. While the president earlier this week seemed to Rule out a new package of tax cuts this year to revive growth spokesman Marlin Fitzwater said a variety of proposals were still under consideration. He added that no decisions were made at wednesdays strategy session. Treasury Secretary Nicholas Brady who has been a leading proponent of lower interest rates said he was heartened by Greenspan a comments this week expressing concern about economic growth prospects. Greenspan on monday voiced unease about the continuing credit crunch and said the Economy had turned Quot demonstrably sluggish and was bucking �?o50-mile-an-hour  Brady interviewed on Public televisions nightly business report said Greenspan a comments showed he Felt it was Quot time to move and move strongly and let the american people know that the Federal Resene system joins everybody else in trying to do something with the  David Jones an economist at Aubrey g. Lanston amp co., said recent comments by both Bush and Greenspan showed policymakers were worried a a about the viability of the  House Bill would ease High tech Export limits Washington a the House voted wednesday to loosen cold War restrictions on exports of computer Telephone machine tool and other High technology products but tighten controls on sales to third world countries. On a voice vote the House approved a Bill easing Many restrictions . Manufacturers say have lost them billions of dollars in overseas sales and sent potential. Customers shopping in Japan and Germany instead. Lawmakers warned that nagging problems with the Economy called for anything but excessive restrictions on High tech exports. Quot the Only Light on the horizon is exports and those exports Are primarily in High technology jobs a declared rep. Sam Gejdenson a Conn. A a members of the House armed services committee and other critics however said the Bill went too far in curbing the Pentagon a Power to screen High teen exports that could be militarily useful to an enemy in time of War. Rep. John Kasich r-ohio., complained that the Bill puts a profits ahead of National  Quot we better Wake up to the a Chat companies want to make Money a he said. A and if in the process of making Money they also Arm somebody they done to worry about  Hie Bush administration opposes provisions that would loosen controls on telecommunications exports such As fiber optic phone Cable to the soviet Union. It also is concerned about mass marketed computer software programs. But it also opposes provisions that actually would reduce the flow of . Technology to China and countries associated with terrorist activity. Bush vetoed a similar Bill last year saying a provision calling for sanctions against countries caught Selling chemical weapons usurped his right As president to be the one to conduct foreign policy. The feature was dropped this year. But administration officials said they will urge another veto unless major changes Are made when House and Senate negotiators sit Down to Iron out differences Between the versions approved by the two houses. Fiber optic sales to the soviets and the encryption capability of Many mass pro Duce software programs pose Quot particular National Security concerns a an administration statement said. Supporters of the Bill however said that the soviet Union can easily get the telecommunications equipment from China or Taiwan if not from the United St actor its allies in the 22-nation committee on multilateral Export controls. They said anyone with a Telephone and a computer Modem can now pirate the mass marketed software programs remaining on the Commerce departments list of Quot a dual use technology that could be adapted to military purposes. The Bill would eliminate entirely the need for . Companies to get licenses for exports to Japan Australia and All the Cocom allies in Western Europe. It also would relax controls on exports bound for former East european allies of the soviet Union. 5 percent blues driving investors to Bond funds by the new York times new York a investors Are pouring Money into Short term Bond funds and other higher yielding products fund managers said looking for higher yields than the 5 percent or less from Bank certificates of Deposit and Money Market funds. Quot folks have got the 5 percent blues and Are looking for other places to Pih their Money a said William Comelius on the vice chairman of the Strong funds in Milwaukee. The trend is most evident he said in Short term Bond funds. The funds a which focus on investing in securities that mature in less than three years a tend to be less volatile than Long term Bond funds and yet offer better yields than comparable Bank cd or Money Market funds. A a it a a Way to enhance the yield and do it with a controlled level of risk a Comelius on said. The current period is a Likely time for the shift to take place Many Mutual fund executives said because the six month Bank certificates of Deposit that Are bought around tax season and the 12-month certificates that Many investors began buying after the october 1987 Stock Market crash need to be rolled Over