European Stars and Stripes (Newspaper) - March 19, 1992, Darmstadt, Hesse                                Money matters today s tip at amp to on tuesday announced a service that allows americans travelling or living abroad to place Calls to another foreign country through an american operator. Called world connect the service is modelled after a service called us direct that allows americans abroad to Call the United states via an at amp to operator. World connect available starting april 29, eliminates the need to understand foreign calling procedures or speak a foreign language american Telephone amp Telegraph co. Said. Customers will Call the us direct Access number to use the service. Customers then will Tell the at amp to operator the number they Are calling. Conversion rates London up1 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 5340.50 an ounce Silver at 54.05. March 17 March 18 British Pound.1.73235 1.73085 German mark.1.0505 1 6495 French franc.5.0018 5.�070 dutch guilder.1.8640 1.8622 belgian franc.34.05 34,00 italian lira.1.253,30 1,242.05 Swiss franc.1.4975 1.4960 greek drachma.191.40 _ turkish lira .6,064.10 6,067.40 saudi arabian riyal.3.7501 3.7501 Spanish peseta.104.57 104.55 portuguese escudo.142.65 142.45 Canadian dollar.1,1966 1.1925 austrian schilling.11.6480 11.6425 norwegian krone.6.49b danish krone.6.4250 6.4225 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rates concerns the Sale of German Marks and British pounds to . Personnel for personal use and these will be 1.61 Marks to a Dollar and $1.77 for a Pound through thursday based on wednesdays noontime Price fixings. New York Exchange new York up a York Stock Exchange Stock Singer co Chrysler corp Uniss corp Glaxo holdings Eastman Kodak at amp to company Tele Lonos de my Ford motor co Federal express Citicorp Rwjr Nabisco hid ism corp Philip Morns blockbuster ent Pepsico inc the 15 most Active stocks in new composite trading on tuesday. Salat 2.673.900 2.799.600 2,504,800 2.326.600 2.282.900 2.119.600 2.043.600 1.959.000 1,714.300 1.699.000 1.645.600 1,467,200 1.396.000 1.383.700 1.319.700 last 23 to 10 10vk 27 40 Vuk 39vi 55v 38 i 55 17v 9 87v 78 a 13 a 32 net chg. Up 2 up a unch Oil a of a up 1 up 1 up a up in up a unch of in up up a up a american Exchange new York u american Stock e Stock Conti air Hodgs inti Corona Wang labs inc b metro Mobile b Bergen Brunswig pall corp Echo Bay Mes Alia corp Moog inc a Forest labs inc Pic the 10 most Active stocks in change Camponile trading tuesday. Salat Lail Nat chg. Uncan 1,203,300 1vs 903,800 41 of 688.300 6�?T/ up v 427,700 21v up a 315,200 19v up Vuk 309,600 26�?T/ unch 269.800 6v� ohm 226.800 45 up 1 209.500 51 unch 204,700 34 up a Dow Jones new York up Dow Jones closing tinge of averages tuesday 30 industrials 20 transport 15 utilities 65 stocks High 3272 58 u1592 205 93 1 1 77 64 Low 3222 27 1395.37 203 30 1160 23 Clou 3256 04 1408 82 204 87 1171 68 change up 19 63 up 13 03 up 0 81 up 7 69 Federal express hires deliverer London up int express worldwide has agreed to perform All . Deliveries to Europe for the . Package carrying company Federal express. Tuesdays announcement came a Day after the american company announced it was discontinuing its business Between european countries As Well As Domestic services in Britain France Germany and Italy. In a statement issued from the Headquarters of int express in Amsterdam Netherlands chief executive John Mullen said the company was a delighted and very proud to be appointed to perform Federal express deliveries in 10 european countries. A int express spokeswoman declined to reveal the conditions of the subcontracting Deal which takes effect May 4. In a separate agreement int Australia said it had bought Federal express French Domestic express business Chron service in a Deal believed to be Worth around $18 million. Chron service employs around 450 people and operates 235 trucks principally in Western France. Cuts May ravage . County los Angeles a the nations most defense dependent county could lose 420,000 jobs by 1995 and $84.6 billion in personal income this decade As Pentagon spending on aerospace winds Down a study says. Defense contracts in los Angeles county totalled nearly $9 billion in 1990, not counting super secret programs. But that figure could fall to $3.5 billion by 1995, said the report by the county a aerospace task Force. By 2001, the county will lose $22.7 billion in tax receipts and suffer a $23.8 billion reduction in retail sales because of lost defense spending the study estimated. Arguing for government Aid the task Force compared the Impact of defense cuts to a natural disaster affecting hundreds of thousands of people. It suggested that a $50 million fund be created to help High technology and aerospace companies apply their skills in peacetime. The California venture development fund financed by private investors could Start up to 40 businesses with an expected value of $250 million after five years the task Force said. Aerospace concerns and universities that provide technology would receive minority ownership in the new businesses. The task Force said the fund should be aided by Liberal tax Breaks from the state. In its most pessimistic projection the task Force said 210,000 to 420,000 jobs would be lost by 1995. The Job losses would Range from Stock clerks to scientists it said. Among other things it urged a fivefold increase in Federal Job training funds for Laid off aerospace workers. The panel said venture capital for High technology projects is at an All time Low in California. Wages and other business costs Are higher in California than other states but workers produce less the study found. It estimated typical aerospace business costs at $43.42 per labor hour in a Southern California City compared with $30.57 in a Small Mississippi City. Albuquerque n.m., and Ogden Utah were nearly 20 percent cheaper. Offsetting the regions sunny climate and wealth of established suppliers engineers and managers were High costs for workers compensation insurance housing land offices and compliance with environmental restrictions. The task Force was staffed by the private economic development corp. And the state funded Community development commission. It was established at the request of county supervisors. . Car dealer to sell electric vehicles Only los Angeles apr the first car Dealership to sell Only electric powered vehicles plans to open next week. It already boasts its first customer actor Leslie Nielsen. Nielsen bought a converted 1985 Pontiac Fiero with a $22,500 sticker Price from the North Hollywood dealer Green motor works inc. With 18 batteries and a solar Energy collector the car resembles one featured in Nielsen a latest movie the naked gun 2w. The smell of fear. Another North Hollywood firm electric car co. Of America has converted about 26 Gas cars to electric including a 1986 Ford escort priced at $17,850 and a 1984 Dodge Omni for $9,950. Green motor works also is offering a Battery operated moped eco scoot for $1,995. The vehicles have drawbacks including recharging every 40 to 60 Miles and slow acceleration. In the converted escort a Driver can go from Zero to 60 Mph in 29 seconds instead of the Gas powered 11 seconds. Green motor works expects sales to Start slow but Hopes to be profitable by the end of 1992. Its conversion production line is expected to Crank out 50 cars per year. California taxpayers can get a $1,000 tax credit for buying an electric car and since the vehicles Are converted they Are also exempt from state sales tax. Sanyo offers oxide solar car Tokyo up a Sanyo electric co. Announced wednesday a hybrid solar car powered by environmentally Safe oxides and solar Energy using a combination of solar cells rechargeable batteries and a fuel cell. Unlike existing solar vehicles the car named Mirai-1, can draw on the fuel cell and storage batteries for operating on Cloudy Days and at night a spokesman for the major consumer electronics maker said. Mirai-1 uses no Fossil fuels and is covered with amorphous Silicon solar cells on most parts of its surface a company spokesman said. The vehicle is equipped with a front mounted fuel cell that generates Energy through a chemical reaction Between Hydrogen and oxides the spokesman said. The Silicon solar cells and the fuel cell Supply Power to rear mounted storage batteries that drive the motor. The two seat solar car costs $384,000 to build tiie spokesman said. The car which weighs 881 pounds is Able to hit a maximum Speed of 62 Mph. It can run for an hour at 25 Mph Oil a six hour charge of the fuel cell without the solar cells support. Business Macy s lost $671 million during second Quarter from wire reports new York . Macy amp co. Inc. Reported a $671.6 million second Quarter loss tuesday reflecting the retailers dismal Christmas and the uncertainly that helped push it into bankruptcy court. The report for the Quarter ending feb. 1 provided further evidence of How weak Macy a business was during the crucial Holiday Selling season. Kazakhstan picks at amp to new York a american Telephone amp Telegraph co. Said tuesday that it Haa been selected As the main supplier of phone switching gear for Kazakhstan a former soviet Republic. The agreement is the fourth for at amp to in the former soviet Union. Coors adds talking can Golden Colo. A if you pop open a can of Coors this summer and it begins talking you had better listen a it could mean a new compact disc or even a stereo. The a talking can will be part of a Coors brewing co. Promotion in 33 states. The Brewer is inserting about 30,000 of the High tech cans which look and weigh the same As regular cans in 12-pack cases of Coors Light Coors extra Gold original Coors and Coors dry. The promotion starts in mid May and lasts until september. Headquarters closing Purchase . A the Nestle chocolate amp confection co. Plans to close its Headquarters in Westchester county by years end. Two months ago the company said that it was moving 300 of the 400 jobs from suburban Purchase North of new York City to California and that it would keep 100 jobs in Westchester