European Stars and Stripes (Newspaper) - November 13, 1991, Darmstadt, Hesse                                Page 14 c the stars and stripes wednesday november 13, 1991money matters today a tip Stock of several aids prevention issues Rose monday for the second consecutive trading Day since basketball Star magic Johnson disclosed he has the human immunodeficiency virus that causes the disease. Stock of Carter Wallace inc., a leading maker of condoms gained $2,375, to $110,375 a share on the new York Stock Exchange following its $3.25 Rise on Friday. Stocks also continued to gain on some Over the counter companies working on genetically engineered drugs to Battle acquired immune deficiency syndrome. Stock of immune response inc., which is working on an aids vaccine added $3.25, to close at $60.75. It had gained $3.50 on Friday. Seattle based immune corp. Rose $4.50, to $57.75. Conversion rates London up a tuesdays 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 $354.50 an ounce Silver at $4.03. Nov. 11 nov. 12 British pound.1.7695 1 7720 German mark.1.6415 1.6340 French  dutch guilder.1.8505 1.8425 belgian  ,32 5? italian lira.1,238.50 1,230.65 Swiss franc.1.45175 1.4480 greek drachma.185.95 185.73 turkish lira.4,921.90 024.60 saudi arabian riyal.3.7502 3.7502 Spanish peseta.103.73 102 84 portuguese escudo.141.83 140.72 Canadian dollar.1.1290 1.1313 austrian schilling.11.601 11.490 norwegian krone.6.4625 danish krone.6.3925 6.3385 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 1.59 through wednesday based on tuesdays noontime Price fixing. New York Exchange a the 15 most Active stocks in new York Stock Exchange composite trading on monday. Slock solos last Nel chg Rwjr Nabisco hid 2.184.300 10v4 up a a general motors 1.947,300 32% of 1% Synte corp 1,562,500 41% of 1 % Ford motor co 1.528.400 25% of 1 Amer express 1,441.000 19% up % Home shopping 1,362,800 6v� up % limited inc 1.354,800 26 of 1 >/4 Glaxo holdings environment a svs 1,350,300 57 up 1 % 1,238,500 16 up 3 Tel Tonos de my 1,223,500 43% up % Philip Morris 1,151,800 69% up4 Pepsico inc 1,055,200 29 unch Rwjr Nabisco pop 966,800 10% unch Citicorp 963,600 11 v4 unch Marlon Merrell 945,500 31% up 1 american Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading monday. Slock sales last Nel chg. Barr labs inc 354.600 23�?T- 4 Oft 3% 6 up % 45 up 215 h unch 21 up vib 7unch 73% up4 1 % up % ?-v-4 unch 1 off 4 Slock Barr labs inc National Patent us Bio science Baldwin tech cd Bergen Brunswig Echo Bay mines fruit of loom inti Tel charge Wang labs inc b go video inc sales 354.600 301.800 288.800 234.400 228.100 723.200 213.100 198.400 187.800 179.200 fed won t Cut interest rates again before 92, sources say by James risen los Angeles times Washington the Federal Reserve Board has virtually ruled out further interest rate reductions this year despite the Economy a persistent sluggishness according to senior fed officials. Sources at the fed said the Board now doubts the ability of lower rates to fuel the Economy and fears the resurgence of inflation next year. It is also wary of some potential Long term political ramifications of further interest rate reductions now. The decision is certain to disappoint the White House which has been counting on the fed to Cut interest rates and bail the country a and president Bush a out of the lingering slump before the 1992 election Campaign begins in Earnest. With tax and budget policies virtually paralysed by the record Federal budget deficit Congress and the Bush administration have been unable to push through spending programs or tax cuts that would invigorate the Economy. The president has decided against campaigning for a package of stimulative tax cuts at least until february. As a result the White houses economic policy has been reduced to Little More than publicly urging the fed to Cut interest rates. Treasury Secretary Nicholas f. Brady and Bush a chief economic adviser Michael Boskin have both pushed hard for further reductions in the last few weeks. At an internal policy meeting last week highlighted by a lengthy and intense closed door debate Over the direction of the Economy fed officials effectively agreed that a even if we see a bad month or two we will ride it out without further cuts one source said. The fed will move again a Only if things get bad for several months and really go into a free  last week the fed lowered its Benchmark discount rate by 0.5 percentage Points to 4.5 percent its lowest level in 18 years. It also slashed its Federal funds rate by 0.25 percentage Points to 4.75 percent. But fed officials decided that a we have gone Down just about As far As we can go a one fed source said. Sources added that the decision not to cuts rates further stems in part from a growing fear within the Federal Reserve about political pressures it will face from the White House during the upcoming presidential election. At last weeks policy session of the feds open Market committee some officials warned that if they lowered rates More now they might be forced to raise rates next year to hold Down inflation a if the Long awaited economic recovery gains momentum. But raising rates in the Middle of a presidential election would be extremely difficult. It would be much easier fed officials argued to forgo another rate Cut now in Hopes of delaying rate increases As Long As possible during the expected recovery next year. Don t delay housing experts advise now s the time to buy a Home Dow Jones a new York up Dow Jones closing Lange of averages 1 monday High Low 3057 69 3025.27 close change of 3 36 30 industrials 3042 26 20 transport 1775 41 1257 29 1269.43 up 3 73 of 0 57 15 utilities 719 45 217 33 218 26 65 stocks 1108 51 1095 77 1102 97 Otto 19 by Sharon Cohen the associated press Chicago a Pamela Russell Sells newspapers in the pre Dawn hours babysit some afternoons and checks Coats some nights. The Odd jobs arc a sacrifice she a making in her new role Homeowner. Russell and her husband Christopher recently took the plunge and bought their first House a Tri level in South suburban Park Forest. The thirty something couple has a new sense of Security. But they re scared too. It a i had a lot of fears thinking we re not going to be Able to afford this is this the right area will he lose his Job a Pamela Russell said. A we live paycheck to  but her husband a hotel banquet manager said it was time to make the move. A fall of a sudden we got to the Point the Economy seemed right to us a he said. A if we kept putting it off we might never get around to it. Interest rates were getting to be the Best they be been since the �?T70s. We Felt there were enough Good  t he russells were right the National association of realtors said. Falling prices and mortgage rates make it the Best time in 14 years to buy a House. The average 30-year fixed rate mortgage is 8.83 percent the lowest level since 1977. A right now anybody who a got the urge the notion and the capacity ought to be in the Market a said John Tuccillo the groups chief economist. �?o1 definitely say a buy  a first timers like the russells helped boost the median Price of a Home by 5.5 percent in the third Quarter compared with a year ago the Trade group said last week. Still the housing Industry is in trouble. Sales nationally fell 1.1 percent in the same period the first quarterly decline since the end of 1990, the group reported. Real estate agents said people in Chicago feel the same economic jitters that Are rippling through the nation. The new homeowners Christopher and Pamela Russell and their sons a 5-year-old Alex front and Nick 7 a a live paycheck to  states october jobless rate for instance was 7.7 percent a Well above the 6.8 percent National average. A people Are deathly afraid of losing their jobs so they re not going to commit to any major purchases a said John Kmiecik broker owner of a Century 21 realty office on the South Side. Would be buyers he continued Are saying a a a i see what a happening across the state and the nation. I have to think that maybe tomorrow maybe in a going to be part of those  i can to get them to get Oft