European Stars and Stripes (Newspaper) - April 3, 1992, Darmstadt, Hesse                                Friday april 3,1992 the stars and stripes b Pago 17money matters Quaker Oats co. And Rhone poulenc inc. Said wednesday that they planned to jointly Market a fat substitute made from oat flour and oat bran for use in bakery products processed meats salad dressings snack foods Frozen desserts and Candy. The companies said the fat replacer called oat rim contained a substance known As Beta Lucan which some researchers say May be responsible for the cholesterol lowering property of Oats and oat bran. Rhone poulenc food ingredients based in Cranbury n.j., will have primary responsibility for the marketing and sales of Quaker oat rim products. Quaker will Supply the oat raw materials. 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 dollars Gold was quoted at $340.50 an ounce Silver at $4.09. April 1 april 2 British Pound.1.72490 1.73135 German mark.1.6545 1.6450 French franc.5.6070 5.5990 dutch guilder.1.8607 1.8495 belgian franc.34.06 33.88 italian lira.1,246.55 1,246.75 Swiss franc.1.5115 1.5045 greek drachma.192.00 192.24 turkish lira.6,267.40 6,289.60 saudi arabian riyal.3.7501 3.7501 Spanish peseta.104.64 104.64 portuguese escudo.142.52 142.50 Canadian dollar.1.1893 1.1937 austrian schilling.11.6270 11.6325 norwegian krone.6.486 6.488 danish krone.6.4095 6.4115 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 Friday based on thursdays noontime Price fixings. New York Exchange new York up a York Stock Exchange die 15 most Active stocks in new composite trading on wednesday. Slock sales last net cd. Citicorp Grace or amp co 2,820,200 16 off 2,465,700 37% off 3% Bristol Myersq 2,206,700 77% up1% Oak industries 2,1 n. 200 2% up Glaxo holdings 2,157,200 27% up Rwjr Nabisco hid 2,134,700 9% up ism corp 1,968,600 82% or Pepsico inc 1,923,100 34% up Eastman Kodak 1,883,200 41% up chem waste mgt 1,689,300 18% off i at amp to company 1,493,200 40% off Natl med enter 1,479,500 13% off % Wal Mart stores 1,479,200 53 off a Home depot inc 1,446,600 64% off % Walnock Oil 1,429,700 3% unch american Exchange new York american Stock Slock Chambers Dev a metro Mobile b us bios Ienco tubes a Acero Thermo Cardosy Hasbro inc pm group was new Doit Tynesa fruit of loom Plains resource a the 10 most Active stocks in Lange composite trading wednesday. Sales last net chg. 930,200 9% off % 639,500 21% off % 630.000 13% off 546,200 6% off 1% 518,800 17% off 473,600 24% up % 438,800 13% up 327,300 30% unch 312,000 35% up 288,300 15% off 1 Dow Jones new York up Dow Jones closing Range of averages wednesday 30 industrials 20 transport 15 utilities 05 stocks 32622 1387.14 205.62 1168.22 3202.37 3249.33 1363.98 1381.17 203.05 204.49 1148.18 1163.19 dam upt3.se <812.61 off 113 up 1.39 pm remains atop Fortune list despite $4.45 billion in losses new York a general motors corp. Remained the nations biggest company despite losing $4.45 billion in 1991, when the recession sent corporate profits plunging Fortune Magazine said in an annual ranking. The slump transcended business lines As 103 of the Fortune 500 companies lost Money the most in the lists 38 years. Only one of fortunes top 10 made More in 1991 than the previous year. Three of the top four a pm no. 3 Ford motor co. And no. 4 International business machines corp. A combined to lose nearly $10 billion. Overall combined profits of the 500 companies Sank 41 percent to $55.1 billion from $93.4 billion in 1990. Total sales fell by 1.8 percent and 238 companies recorded declines. Fortune bases its list on total Revenue and rates Only Industrial companies. The Magazine also compiles separate rankings by profits assets stockholder equity and other financial indicators. Pm remained no. 1 with $123.8 billion in Revenue a 1.1 percent drop. Exxon corp. A the biggest moneymaker with $5.6 billion in profits a held on to second place. Ford lost $2.6 billion and ism lost $2.8 billion. General electric co., Mobil corp., Philip Morris cos., Dupont Tex Aco inc. And Chevron corp. Completed the top 10. In a competing list Forbes Magazine said be retained the title of a most powerful corporation. Pm ism and Ford were left off that ranking because they lost Money. Forbes also ranks 500 companies by sales profits assets and Market value. To distinguish itself from Fortune it does a composite measurement combining All categories to determine its a super 50.�?� on the composite list be was followed by Exxon Philip Morris Mobil Sears Roebuck and co., Dupont get corp., american International group inc., Federal National mortgage association and Chevron. Sears get Aig and Fannie Mae Are not on fortunes list because they Are not Industrial companies. In addition to manufacturers the Forbes list includes service companies retailers financial institutions and utilities. The rankings showed the recessions Impact. On the Fortune list seven of 26 Industry groups were in the red led by motor vehicles and parts where 18 companies combined to lose $7.6 billion. The other laggards were building materials computers and office equipment Industrial and farm equipment metals and textiles and transportation equipment. The Magazine said accounting costs for Severance future employee retirement payments and other programs loomed Large. Employ tent at the 500 companies fell 3.9 percent to 12 million Down More than 480,000 employees. Amen inc. Recorded the biggest sales increase 127 percent to $705 million. The biotechnology company joined the Fortune list at no. 427. In All 19 companies made the list for the first time. Rohr inc., an aerospace concern whose profits Rose to $30.5 million from almost nothing had the greatest percentage gain in earnings a 78,149 percent. The company jumped to 273rd on the list from 329th. The biggest profit decreases were by no. 330 Weirton steel corp., no. 11 Chrysler corp. And no. 164 Owens Corn ing fiberglas corp. New York state remained Home to most Fortune 500 companies 56, followed by Illinois with 46, California with 44, Texas with 39, and Ohio and Pennsylvania with 34. Amid the Many changes on the list there was some consistency no. 500 Guilford Mills inc. Of Greensboro n.c., with sales of $528.8 million retained its Bottom ranking. The Fortune list will be in the magazines april 20 Issue. The Forbes list will appear in the april 27 Issue. Caterpillar tells strikers to work or quit Peoria 111. Up Caterpillar inc. On wednesday ordered All of its striking workers Back on the Job and said those who do not return will be replaced. The company also said As Many As 2,400 jobs could be eliminated. The United Auto workers Union accused the heavy equipment maker of trying to break the Union As Law members in three More locations joined the walkout swelling picket lines to 12,600 workers. When the Day began 10,800 Law members were on strike at plants in Aurora Decatur East Peoria and Mossville. After the company announcement additional locals from Mossville plus Mapleton and Pontiac joined the walkout. The Law initiated a selective walkout nov. 3. The strikers were recalled effective monday. Company officials said that after that Date Caterpillar will Start recalling Laid off workers and begin taking applications for permanent replacements for those who fail to return to work. Jokers get More laughs with cheap april gags Mountain View Calif. Apr take my cheap tricks a please. The Cost of laughing Index is Down this year a and that a no april fools joke. But the Novelty business is booming despite the recession. And that was never More obvious than on the first Day of april. A a we be got a 14-Inch Mega puke from England that a Selling like crazy a Saia Mark Burger owner of san Francisco a House of magic. Burger sold 40 $12.50 Meg pukes in his first 90 minutes of business wednesday. He said he dropped prices for his most expensive novelties this year after the a High end of the business fell 20 percent and the a Low end increased More than 30 percent. The Cost of a wiggly fake dead rat in a trap for instance dropped from $30 to $25 before people began buying them. A the tighter Money is the More volume we push. Business is booming for Low end gags Burger said. Greg Richard a 35-year-old customer was thinking about buying a seat Cushion that has a fake hand to pop up Between victims legs when they sit. A i figure that if i done to buy it now the Opportunity is gone a Richard said. A and i love to see their faces when i pull a  at the House of humor in suburban Mountain View people were stocking up for the future. A you always want to buy extra a said Joan Sloss a professional Clown who bought two packages of fake Doggie Doo. A you never know when you May need another packet to use As a practical joke on a  sales of rubber chickens and 3,000 other gag items Are up 25 percent at Loftus Novelty amp magic inc. In Salt Lake City chairman Gene Rose said wednesday. A we started out in 1939 and ill Tell you we have occasional slowdowns. But during the dips we usually do As Well if not better than Ever a Rose said. Any comic Worth his Salt is going to use a rubber Chicken sometime a Steve Martin Johnny Carson. Even my sister in Law who is a very reserved lady has one hanging in her Kitchen. A rubber chickens Doggie poop whoopee cushions hand buzzers a they re just like bread Ana butter is to a grocery  business Bow May build cars in South Carolina from wire reports Detroit Bow a the maker of German luxury cars is �?o80 percent decided on building a new car Plant in the United states to produce a new Model for worldwide Export automotive news reported. The Plant Likely will be in Anderson s.c., the weekly Trade publication said. A decision will be made a within four weeks a according to an unclassified . Government memo that relates a consular officials dinner conversation on March 20 with Bow chairman Eberhard von Kuhnheim according to automotive news. Chrysler to end shift Toledo Ohio a Chrysler corp. Said wednesday that it will eliminate the second shift at its Toledo Ohio Assembly Plant in june because of a projected reduced deman i for jeep cherokees built at the aging facility. The move will put about 520 workers on indefinite Layoff. America West to expand Phoenix a America West airlines continuing its expansion outside the Southwest said wednesday that it will begin service to Milwaukee on june 1 with five daily flights. America West also said it will begin new nonstop service Between Columbus and Atlanta on june 1 with three daily round trips giving it 37 daily departures from Columbus