European Stars and Stripes (Newspaper) - January 17, 1992, Darmstadt, Hesse Friday january 17, 1992 the stars and stripes b Page 17 today s tip business inventories Rose 0.2 percent in november for the third straight monthly increase As weak consumer demand kept products on the shelves. The Commerce department said wednesday that november a 0.2 percent increase in inventories a to almost $815 billion a followed rises of 0.4 percent in october and september. Before that inventories were Down for seven consecutive months. Sales were up 0.1 percent to approximately $543 billion in november after increases of 0.4 percent in october and 0.2 percent in september. Conversion rates London up a thursdays 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 $357.25 an ounce Silver at $4.33. Jan. 15 Jan. 16 British pound.1.7575 1.7590 German mark.1.6215 1.6240 French franc.5.5240 5.5205 dutch guilder.1.8190 1.8180 belgian franc.33.35 33.26 italian lira.1,219.75 1,220.10 Swiss franc.1.4390 1a3�2 greek drachma.185.90 1�6.40 turkish lira.,.5,275.40 5,379.00 saudi arabian rfyal.3.7501 3.7501 Spanish peseta.102.43 102.48 portuguese escudo.139.41 139.80 Canadian dollar.1.1535 ,11551 austrian schilling.11.3650 11.3410 norwegian krone.6.3480 6.3450 danish krone.6.2620 6.2600 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.5$ through Friday based on thursdays noontime Price fixing. New York Exchange new York up York Stock Exchange Stock Citicorp us Marathon Rwjr Nabisco hid Glaxo holdings ism corp Chrysler corp Amer express co chemical Bank blockbuster ent at amp to company Bristol Myersq Motorola inc Uniss corp Boeing co Natl med enter a the 15 most Active stocks in new sales 12,186,100 7.903.200 5.900.900 5.218.900 3.103.900 3.008.200 2,753,000 2.676.900 2.654.200 2,411,300 2.372.900 2.265.200 2,210,100 2,133,500 2,008,100 wednesday. Lait it chg. 15 up 2% 23 a up 11v up 32% 0ft1% 95% up 3 14% up 22% of 30% up 1% 14 up 40% 0�% 84% off 1% 77% up 7 5% up 51% up 1% 17% off american Exchange new York american Stock Stock Bio pharmaceutics Amdahl corp euro Blocher Hll Haven corp Wang labs inc b tubes de Acero new Yolk Tynesa Americus desc dog corp Catalina Light a the 10 most Active stocks in Lange composite trading wednesday. Sales last net chg 2,691,900 1.528.600 1.272.600 894.800 700,500 556,200 519,600 398.800 375,300 369,400 4% 17 a 6% 3% 3% 9% 25 8v 3 a 6v so off a up a up up a up a up a up % up Dow Jones new York up Dow Jones doting Range of averages wednesday a a it go Low close 30 industrials 329949 3207.74 3258.50 20 transport 1437.22 1388.83 1431.43 15 utilities 216.32 211.76 65 stocks 1196.07 1161.85 214.07 1184.57 change up 12.30 up 44.10 off 1.25 up 12.52 unemployment rises London up a Britain a unemployment Rose to its highest level in four years in december climbing by 31,100 to 2.54 million the department of employment said thursday 91 inflation hits 5-year Low Washington a the end of the persian Gulf War and a stagnant . Economy held inflation for 1991 to a five year Low of 3.1 percent the government said thursday. The labor department said its consumer Price Index advanced a moderate seasonally adjusted 0.3 percent in december a the same As november a bringing inflation for the year to the lowest level since 1986, when prices Rose Only 1.1 percent. It was the second lowest inflation rate since 1967, when prices were up 3 percent. It almost halved the 1990 figure of 6.1 percent. But the department said in a separate report that americans average weekly earn Ings after adjusting for inflation were up just 0.3 percent Over the year. They increased 0.7 percent in december after an anaemic 0.1 percent Rise in november. A downward swing in Oil prices was re possible for two thirds of last years drop after they skyrocketed following iraqis August 1990 invasion of Kuwait then fell when it became Clear the War permanently crimp the worlds Oil Supply Energy inflation hit a 10-year High of 18.1 percent in 1990. In 1991, prices fell 7.4 percent even after factoring out the volatile food and Energy sectors inflation was still Down. The so called Core rate was 5.2 percent in 1990, but fell to 4.4 percent in 1991, the same level As 1989. Analysts attribute the change to the Long period of economic decline and stagnation that began in july 1990. Consumers reluctance to borrow and spend has forced retailers to hold the lid on prices or watch already lacklustre sales erode. Inflation in 1991 was helped by a modest 2.5 percent Rise in food and beverage prices the smallest increase since 1976 when they were up just 0.5 percent. The most significant Factor was a 2.1 percent decline in 1991 meat prices which had risen 11.3 percent in 1990. The labor department also revealed that first time claims for unemployment insurance fell to 403,000 for the week ending Jan. 4, Down from 452,000 the previous week. Salesman Frank Klenck left talks to prospective buyer Joseph Okamida at a Chicago car Dealership on tuesday. Big three Auto dealerships Appeal to patriotism of prospective buyers by the associated press vehicles fell 6.2 percent from already de the University of Michigan. By the associated press some Auto dealerships around the country Are responding to slumping sales layoffs and president Bush a Trade Mission to Japan by waving the american Flag. A buy american a whether its pm Ford or Chrysler a a Chicago area Chevy dealer proclaimed in a full Page newspaper and featuring the stars and stripes and drawings of american workers. Even the Glendale Nissan Dealership West of Chicago is appealing to patriotism. A now made in Usa a declares its and for the japanese Brand. Most of the Nissan Jentras sold in this country Roll off an Assembly line in Smyrna Tenn. A a lot of people do want to buy american products a said Terry Anderson general manager of Glendale Nissan. A if they like my product i Tell them to look at the serial number. If it starts with a �?o1�?� it was made in this country. If it starts with a a its from the Industry obviously needs help. Early january sales of domestically made vehicles fell 6.2 percent from already depressed Levels for 1991. And before Bush strip to Japan general motors announced plans to close 21 plants and eliminate 74,000 workers by 1995. A the car Industry is hurting Here and not in Japan a said George gainer general manager of perimeter Ford in Atlanta. Cars in his showroom Bear the message a think american a buy gainer said he also Cut prices so customers wont think the ads contain an empty message. A especially in these economic times people Are thinking about their budgets As Well As their patriotism a gainer said. In suburban Detroit West Bloomfield Cadillac dealer Frank Audette went on the radio urging listeners to buy an american car even if it Isnit a Caddy. Some observers done to think these appeals will have any effect. A when americans go shopping for a car they hit the Power window Button and toss ooh tics out the window a said Sean Mca Inden senior economist at the office for the study of automotive transportation at 11 the University of Michigan. A they say a let some other Guy be the Patriot. Some dealers believe differently contending that some customers can be reached by appealing to their patriotism or to a sense of brotherhood with american autoworkers. Nick a. Celozzi of Celozzi Ettleson Chevrolet in Elmhurst iii., has tried to shirts newspaper ads and appearances on radio talk shows to touch a patriotic nerve. While Celozzi is agitated about japanese Competition Many dealers veer away from criticizing that country or its cars. A Japan is building a Good product and anybody who berates them that a the wrong Way to go a said John Hayes general manager of Royal Lincoln Mercury in Melrose Park 111. A the cards Are stacked against us. They american automakers made a lot of junk in the �?T70s. Japan got a foothold. Now we have to get our foot Back in the
