European Stars and Stripes (Newspaper) - April 11, 1992, Darmstadt, Hesse                                Saturday april 11,1992 the stars and stripes b Page 17 Money matters the Boeing co. Said thursday that its delivery of 124 jetliners in the first Quarter of 1992 set a record for the commercial aircraft maker. The total in the period surpassed the previous High for a Quarter of 119, which occurred in the second Quarter of 1991, and compares with last years first Quarter deliveries of 91 aircraft. Noting that the delivery rate in the first three months of this year was unusually High the president of Boeing a commercial air plane group Dean d. Thornton explained that some air planes were rth a 1991 to meet airline delivery re Quarter of produced in the fourth que 1991 to meet airline Deli quire ments for Early 1992. He said the first Quarter a will turn out to be the Peak period for the  conversion rates London up fridays 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 $341.00 an ounce Silver at $4.13. April 9 april 10 British Pound.1.7599 1.7728 German mark.1.6340 1.6230 French franc.5.5400 5.5010 dutch guilder.1.8405 1.8295 belgian franc.33.62 33.40 italian lira.1,234.35 1,225.00 swissfranc.1.4985 1.4915 greek drachma.191.40 190.30 turkish lira.6,303.80 6,293.30 saudi arabian riyal.3.7500 3.7500 Spanish peseta.103.65 102.19 portuguese escudo.140.37 139.49 Canadian dollar.1.1908 1.1877 austrian schilling.11.5075 11.4325 norwegian krone.6.424 6.3770 danish krone.6.344 6.3040 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 British pounds and German Marks to . Personnel for personal use. Through monday these will be 1.58 Marks to a Dollar and $1.82 for a Pound based on Price fixings Friday afternoon at military banking facilities. New York Exchange new York up York Stock exc Nangi Slock Empress Lea first Oata corp limited inc Gap inc Rwjr Nabisco hid ism corp Glaxo holdings at amp to company Fedl Natl Mage general motors chemical Bank get corp Wal Mart stores Philip Morris Mol gent electric a the 15 most Active stocks in new composite trading on thursday. Sales last net chg. Unch 6,782,900 20% 5,059,700 22 i unch 4,169,200 24 i off 2 2,644,600 40% off a 2,388,900 9% up 2,275,600 85% up % 2,235,900 27 up 2,128,100 41% up 2,087,800 65% up 1% 1,939,300 38 up 1,926.600 30% up 1 1,807,100 29% up 1,746,300 52% up 1% 1,726,700 75% up % 1,669,600 74% up 1% american Exchange new York american Stock Slock us banknote pm group web Amdahl corp fruit of loom Wang labs inc b Chambers Dev a exsport Finan it Alza corp us Bio science 0mi corp i the 10 most Active stocks in change composite trading thursday. Netch. Up % of off % up 2 up % off % off % up 2 /4 up it off Vuk sales last 1,016,700 6% 793,200 15 510,600 15 497,600 35% 494.200 5 472,200 8% 353,500 15% 325,100 42% 269,900 12% 266,800 5% Dow Jones new York up Dow jobs closing Range of averages thursday Hal Lov Clem Csc Tabb 30industrials 3245.08 3171.06 3224.96 up43jj 20 transport 1346.04 1302.50 1338.56 138.99 15 utilities 204.18 200.05 203.12 up 2.38 65 stocks 1153.40 1124.31 1146.61 up 19 90 american plans to slash fares by up to half in new strategy by Dirk Beveridge the associated press new York a american airlines pounded by nearly two years of losses unveiled a fare strategy thursday that will Cost the Carrier millions in the Short run but is intended to eventually bring in More business. American one of the most influential pricing leaders in the business said the drastically simplified fare Structure will begin monday and mean cheaper fares for millions of travellers. Some fares will be reduced As much As 20 percent to 50 percent. Rival airlines were forced to match fares that Are sharply lower in Many instances. Americans chairman Robert l. Crandall said he is betting the move will increase traffic while allowing the airline to save $25 million a year by cutting administrative expenses and scrapping a Complex fare Structure that confuses and angers customers. A the system quite simply is broke a Crandall said at a news conference. A to have the future we want a for our customers our shareholders and our employees a we must fix  in the Short run american will lose $100 million this Spring As travellers take advantage of cheaper fares Crandall said. But in the Long run he estimated the plan could increase profits by some $350 million a year if it works. American said the plan includes first class fares that Are 20 percent to 50 percent lower with unrestricted coach fares that Are at least 38 percent cheaper than those now available. Crandall for example the Price of a new York to Chicago night in coach would drop from $427 to $250 each Way. The Price of a Dallas to Boston flight would drop from $655 to $380 each Way. If enough people use the cheaper regular fares instead of going after discount tickets that would mean a higher amount earned for each mile a passenger is flown said George James chairman of airline economics inc., a Washington based aviation consulting firm. United Delta us air Northwest Continental Alaska airlines and America West said they would match the plan either completely or partially. Trans world airlines said it was studying the plan. The plan includes other changes a corporations and other groups that have in the past been Able to Cut deals with airlines of purchasing tickets in volume will find they must now pay the same Price As everyone else. A people who change their reservations or want a refund for full fare tickets will pay a $25 surcharge. In the past costs for handling those changes were shared by All passengers american said. A passengers who use seven Day or 21-Day discount Advance Purchase tickets will be Able to use them at a later Date if Thev cancel their plans but they must pay a $25 charge. Big financial losses from the recession gave american an incentive to change the Way it does business and the demise of weaker rivals pan am Eastern and Midway made change easier to accomplish. Caterpillar Union to resume talks Peoria 111. A Caterpillar inc. And the United Auto workers have agreed to resume negotiations the Federal mediation and conciliation service said Friday. Law president Owen Bieber and Caterpillar chairman Donald Fites met thursday with Bernard Delury the services director Delury said in a statement. Both parties agreed to meet As soon As possible but no Date was set said a fed eral mediation service source who de company received 56,000 Calls in a three lined to be identified. A a a a. Neither party has placed any conditions on participating in the talks. Law workers at Caterpillar inc. Have been on strike for five months. The company told workers to return to their jobs last monday or be replaced. Caterpillar the worlds largest manufacturer of Earth moving equipment placed advertisements for replacement workers in local papers this week. The hour period thursday morning said Illinois Bell spokesman Jim Donnelly. A we Are getting Calls from All Over the country a Caterpillar spokesman Bill Lane said thursday. A your top priority is getting our own people  but about 13,000 Law workers remained on strike thursday with thousands gathered at Plant Gates where some spit yelled and threw eggs at Union members who returned to work. Consumer prices jump 0.5 percent in March Washington apr consumer prices shot up an unexpectedly Sharp 0.5 percent in March the biggest increase in 17 months the government said Friday. Prices for food Energy and clothing posted big gains. But economists said they thought the huge jump will turn out to be a temporary Shock in what has been a pattern of moderating inflation. The Federal Reserve Board worried about threats to the recovery Cut a key interest rate thursday acting in part because it perceived that there were no inflationary threats facing the Economy. The fed reduced its target for the Federal funds rate the interest that Banks charge one another from 4 percent to 3.75. The move came Only hours after the labor department reported that wholesale prices Rose just 0.2 percent in March. Normally the reports on wholesale and retail prices track each other fairly closely from month to month. Labor department economist Patrick Jackman explained last months wide variation in part because of a big spurt in imported food prices. Such prices Are not measured by the producer Price Index but do show up in the departments consumer Price Index. The 0.5 percent increase was the biggest jump in the Index since a 0.7 percent Rise in october 1990. If the March Price increase were to be repeated for a year it would translate into an annual inflation rate of 6.2 percent. However even with the March increase inflation so far this year is running at a much More subdued annual rate of 3.5 percent reflecting the fact that consumer prices Rose just 0.1 percent in january and 0.3 percent in february. Even excluding the volatile food and Energy categories prices took a big increase in March climbing by 0.5 percent. This reflected the second straight big monthly jump in clothing costs up 0.6 percent after a 1.5 percent february increase. One cause was the continued introduction of higher priced Spring and summer merchandise. Analysts said they expected moderation in this category As Well especially if wary Consumers balk at paying the new prices and Force discounts. Business digital computer company suffers $294.1 million loss from wire reports Boston a digital equipment corp. Reported a $294.1 million quarterly loss thursday and said a persistent computer slump might Force the company to embark on its third Cost cutting plan since 1990. Also thursday Intel corp. Reported higher first Quarter revenues but its profit fell 6.6 percent As the top maker of microprocessor a a brains for personal computers Felt the effects of heavy Competition. Treasury Justice aides picked Washington a president Bush will nominate John c. Dugan to be assistant Secretary of the Treasury for Domestic finance the White House said thursday. Dugan is a Deputy assistant Secretary at Treasury. The White House said Bush also will nominate Timothy e. Flanigan to be assistant attorney general in the Justice departments office of general counsel. Both nominations require Senate confirmation. Dugan 36, is a graduate of the University of Michigan and Harvard Law school. Flanigan 38, is a graduate of Brigham Young University and earned a Law degree from the University of Virginia. Mastercard sales volume up Vancouver British Columbia a Mastercard International inc. Reported thursday a 12.5 percent in sales volume last year to $220.9 billion with much of the growth coming from overseas. New York based Mastercard which held its annual meeting in Vancouver said cards in circulation grew to 171.8 million a 6.8 percent increase Over 1990, while acceptance locations grew by 7.6 percent to 9.8 million