European Stars and Stripes (Newspaper) - January 9, 1992, Darmstadt, Hesse Page 18 a the stars and stripes thursday january 9, 1992money matters the Price of gasoline at the pump has fallen for a seventh consecutive week the american automobile association says. The nationwide average Price for a gallon of self serve regular unleaded dipped 0.3 cent to $1,097 for the week that ended tuesday the Auto club said. That makes the average Price 4.6 cents cheaper since nov. 19. Prices were higher in the mid Atlantic states new England and the West but they fell elsewhere according to the Survey performed for aaa by computer Petroleum corp. Of St. Paul 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 $350.30 an ounce Silver at $3.95. Jan. 7 Jan. 8 British Pound.1.8720 1.8800 German mark.1.51601.5120 French franc.5.1775 5.1625 dutch guilder.1.7083 1.6990 belgian franc.31.28 31.15 italian lira.1,47.00 1,143.50 Swiss franc.1.3460 1.3455 greek diachma.175.20 174.73 turkish lira.5,113.90 5,119.20 saudi arabian riyal.3.7495 3.7495 Spanish peseta.96.35 96.37 portuguese escudo.132.22 131.94 Canadian dollar.1.1428 1.1427 austrian schilling.10.6780 10.6515 norwegian krone.5.9700 5.9630 danish krone.5.8995 5.8850 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 British pounds to . Personnel for personal use. Through thursday this will be $1.93 for a Pound based on a Price fixing wednesday afternoon at military banking York Exchange new York ufos York Stock Exchange the 15 most Active stocks in new composite trading on tuesday. Stock sales last net chg. Glaxo holdings 5.310,400 34 up 2 Rwjr Nabisco hid 4,834,800 11 up it Wendy s inti 3.218,900 11ft up 1 Gap inc 3.080.000 56ft off 2ft at amp to company Westinghouse Al 2.929.000 41 up it 2,861.100 19ft Oft it Compaq computer 2.844,700 34 up 3ft Amer express co Uniss corp 2,322,200 21ft off it 2.138.400 5ft up it ism corp 1.973,000 94ft up 2ft Pepsico inc 1,902,200 33ft unch general motors 1,884,800 33 off it Bear steams co 1,807,300 16ft up 1ft genl electric 1,756,600 75ft off it pit Hifp Morris 1,750,700 79ft unch american Exchange new York american Stock Stock Energy service Americus t Cheyenne softer Americus get or instrument sys Tva corp Hasbro inc Alza corp Bolar pharm co Amdahl corp Pic the 10 most Active stocks in change composite trading tuesday. Sales 816,500 2 so 586,600 527,900 525.400 493,200 432.300 318.300 297,700 296.400 283,000 last m 10ft 17ft 22ft 7 37ft 38�?T/� 51ft 11ft 15ft net chg. Off it up it up it off it up it off it up 1 off fat off it off it Dow Jones new York up tuesday 30 industrials 20 transport 15 utilities 65 stocks Dow Jones closing Range of averages High 322473 1394 62 223.46 1175 42 Low 316525 135600 220 64 1152 01 close change 3204 83 up 4 70 1383 03 up 17 56 221 83 off 119 1167 25 up 4.43 computerized Cash registers to Cut 7,000 jobs at Sears by the los Angeles times Chicago a Sears Roebuck and co. Said tuesday that it would Cut nearly 7,000 full and part time jobs Over the next three months because of a new $60 million computerized Cash Register system it has purchased. A spokesman said almost All of the affected workers would be transferred to other positions raising the possibility that fewer than 1,000 employees would be Laid off. The company could not say How the Job cuts would affect each Region of the country. About 28,000 electronic Cash registers and 6,000 computerized customer service kiosks will be installed in Sears 868 retail stores throughout the country. Sears the nations third largest retailer said the new equipment would give the company More information about its customers purchases and allow its sales Force to More easily provide a wider Range of services. Installation of the system will save about $50 million per year in employee costs Sears said. But retail analysts Are saying Sears needs to do More than Cut costs and improve its automation if it is Ever to rekindle its sagging sales and regain its former position As the nations largest retailer. Within the. Last 18 months Sears has slipped behind both Wal Mart and Kmart. A Sears should be dealing with its customers not electronics and mechanics a said Kurt Barnard a new York retail analyst and one of the company a harshest critics. A Sears needs to make its stores More Friendly to customers so they will buy More. Sears competitors already understand this All too last week Sears reported that its december sales at stores open at least a year had dropped 1.8 percent from the year before the largest Holiday decline among major retailers. The company said the new Cash Register system will eliminate about 1,000 full time non sales positions and about 5,900 part time clerical positions by the end of March. Sears which employs about 313,000 people full and part time has eliminated 33,000 jobs in the last 18 months in its Cost cutting Effort. Adaptable automobile for the Ages two concept models of the Pontiac Salsa sit on display at the 1992 North american International Auto show in Detroit this week. The Salsa is a highly versatile Small sport Utility vehicle with an expanding body configuration. It can be transformed from an All weather five seat Hatchback to a five seat convertible or to a two seat panel delivery vehicle. Baltimore Sun jolted by Stampede of staffers accepting buyout offers by the Washington Post Washington the Baltimore Sun is reeling from a top to Bottom shake up in which 350 employees More than a Quarter of the papers White Collar staff have accepted buyout offers. To nearly everyone a Surprise 100 of the suns 500 newsroom staffers signed up for the buyout by tuesdays 5 . Deadline. However some employees still have a week to Back out. The number More than doubled after Friday when virtually All reporters and editors on the paper were told whether they would keep their assignments or would be transferred. The reassignments were prompted by management a decision to merge the staffs of the morning and evening papers and deploy Many of their troops to eight zoned editions planned for the suburbs this year. Staffers were called in one by one late Friday and were Given their new assignments. Most of the copy desk which is responsible for such tasks As headline writing took the buyout. The losses Are so great that a when the dust settles Well be hiring a editor John Carroll said tuesday. A people Are kind of in Shell Shock a said evening Sun reporter Joan Jacobson an 18-year Veteran. A a there a so Many people leaving that we re wondering How the newspaper is going to get the Sun owned by times Mirror co. Of los Angeles had hoped 100 people would take the buyout. The offer of a years pay with health insurance was extended to about 1,200 staffers but not to the pressment a and other Craft unions. A the mood Here is very strange very surreal a said Ellen Uzelac a National reporter who took the buyout. A a it a not the same newspaper anymore. A i done to think they had any idea this Many people would leave. Some people feel they got screwed by their assignments. Other people just want to get out of journalism some employees said the management team has shown Little respect for the paper of . Mencken and Russell Baxer. Publisher Michael Davies arrived in 1990 from another times Mirror paper the Hartford courant where he implemented a similar zoning scheme. A there is a feeling that people from out of town Are coming in and making changes and they re not quite sure what they re doing a Jacobson said. Another staffer said a the Sun has done a lot of Fine work. To hear someone say its got to be much better you a a they be Haemorrhage a a lot of Talent a another reporter said
