European Stars and Stripes (Newspaper) - April 16, 1992, Darmstadt, Hesse                                Page 18 a the stars and stripes thursday april 16,1992money matters the Dow Jones Industrial average soared to a record High tuesday closing above 3,300 for the first time on surprisingly Strong corporate earnings results. The Dow average the Best known barometer on Wall Street finished tuesday at 3,306.13, up 36.23. The previous record of 3,290.25 was set March 3. Conversion 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 $339.60 an ounce Silver at $4.10. April 14 april 15 British Pound.1.7709 1.7625 German mark.1.6455 1.6535 French franc.5.5850 5.6003 dutch guilder.1.8566 1.8645 belgian franc.33.88 34.035 italian lira.1,240.85 1,244.25 Swiss franc.1.5130 a 1.5220 greek drachma.192.67 193,10 turkish lira.6,380.20 6,414.40 saudi arabian riyal.3.7495 3.7495 Spanish peseta.103.25 103.60 portuguese escudo.141.51 141.90 Canadian dollar.1.1835 1.1813 austrian schilling.11.6075 11.6425 norwegian krone.6.4520 6.4730 danish krone.6.3925 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 British pounds and German Marks to . Personnel for personal use. Through thursday these will be $1.81 for a Pound and 1.61 Marks to a Dollar based on Price fixings wednesday afternoon at military banking facilities. New York Exchange new York up York Stock Exchange Stock ism corp Ford motor co Texas utilities general motors at amp to company Citicorp Banc one corp first data corp Glaxo holdings Rwjr Nabisco hid chemical Bank Amer express co Wal Mart stores get corp Tel Fonos de my a the 15 most Active stocks in new composite trading on tuesday. Sales 3.313,800 3.266.900 2.797.200 2.690.900 2,640,600 2.211.400 2,102,700 2.069.500 2,042,100 1.971.400 1.859.200 1.840.200 1.827.200 1,803,300 1.710.500 last 88% 41 37% 39% 42% 16% 45% 23% 28% 9% 34% 22% 54% 31 57% is chg. Up up Oft up % up up off 1% up up % up % up 2% up % up 1 % up up 1 american Exchange new York american Stock Stock Chambers Dev a fibreboard corp fruit of loom aka corp Plains resource Amdahl corp Wang labs inc b Americus desc inti Corona Hasbro inc Pic the 10 most Active stocks in change composite trading tuesday. Sates last net chg 7% 8 37% 46% 14 1.448,500 512.100 490.400 478.400 470,600 451.100 401.700 383,300 368.700 346.100 up 1 up 1% 15 5% 7 3% 26% up % up1% off % up % up % up 1 unch up 1 Dow Jones new York up Dow Jones dosing Range of averages tuesday 30 industrials 20 transport 15 utilities 65 stocks Hutek 333654 1377.06 206 06 Lew close Ukanga 136.23 1181.34 1152.61 3259.39 3306.13 up 36. 1334.45 1365.47 up 28.21 .205.18 up 1.25 1171.55 up 15.38 202.99 funds for Bhopal Danbury Conn. A Union Carbide corp. Says it will sell its Batten Plant in India to raise up to $17 million for a Hospital in Bhopal to treat victims of the 1984 tragedy when at least 4,037 people were killed and about 20,000 injured after poisonous Gas leaked from a pesticide Plant run by an Indian subsidiary of Union Carbide. Dropping incomes snare Young families study says by Cox news service Washington a the american dream is vanishing for families with Young children As a result of two decades of shrinking incomes and soaring poverty the children a defense fund said in a report released tuesday. Between 1973 and 1990, the inflation adjusted median income of families with children headed by someone under 30 dropped 32 percent while poverty among this group soared from 20 percent to 40 percent the report said. In comparison median income dropped 6 percent for older families and Rose 11 percent for families without children Over the period according to the report which was produced with the assistance of northeastern University Scenter for labor Market studies. A the implicit message to Young americans is frighteningly Clear bearing and by a ring and raising. And nurturing children May no longer be compatible with Active Pursuit of the american dream a Marian Wright Edelman fund president raising and nurturing children May no longer be compatible with Active Pursuit of the american dream a said Marian Wright Edelman president of the children a defense fund. A no society can convey this message for Long if it Hopes to survive and pros per a she added. The release of the report coincided with a nationally televised speech by Edelman to the National press club underscoring the political nature of both the report and the children a defense fund a non profit Public education and lobbying group. A a it a time for the president Congress and More of our governors to be honest with the american people about the problems facing our Economy and our poor families and Stop picking on Small children a she said. The children a defense fund Board of directors includes Hillary Clinton wife of Arkansas gov. Bill Clinton the Likely democratic presidential nominee. The reports recommendations included extending medicaid coverage to All Low income children and pregnant women. March retail sales Down sharply Washington a retail sales in March registered the steepest drop in seven months the government said tuesday. Analysts took the report As a sign of an uneven rather than a derailed economic recovery. The Commerce department said retail sales fell a seasonally adjusted 0.4 percent from the previous month to $157.1 billion. The dip followed Strong gains of 1.3 percent in february and 2.1 percent in january. The figures Are not adjusted for inflation. A it was inevitable those huge increases in january and february weren to sustain a a a a a a we. Trawa a Umili Huttl a awol u1iuij i Union agrees to end strike at Caterpillar Hinsdale 111. Apr the United Auto workers agreed to end its 5-month-old strike against Caterpillar inc. While contract talks continue. However it was not immediately Clear How Many of the Union members jobs would still be waiting for them. A dispute also developed Over exactly when the employees were to report to work at Caterpillar the worlds largest maker of Earth moving equipment. Caterpillar which claims it can run its plants with up to 15 percent fewer employees said it needs about a week to decide How Many to Call Back. But the Union told the More than 12,000 workers to report wednesday to their jobs in Illinois. The strike Drew wide attention because of caterpillars ultimatum to workers april 6 to return to work or risk losing their jobs to non Union replacements. The showdown represented the first time a major Industrial company had tried to break a Union of the size and strength of the 900,000-member Law. Law bar gainers voted unanimously tuesday to return to work without conditions at the recommendation of Bernard Delury of the Federal mediation and conciliation service said the a awl a Secretary treasurer Bill Casstevens. The Union interpreted the recommendation to mean workers should be on the Job wednesday Casstevens said. Caterpillar agreed to Stop trying to hire replacements but will be allowed to put into effect its last contract offer which raises top minimum pay from $35,318 a year to $39,915 in september 1994. The Union wants $40,458 by then. Negotiations under Federal mediation will continue. The walkout began with a limited strike nov. 4 and spread idling 12,600 workers at plants in East Peoria Aurora Mossville Decatur Pontiac and Mapleton. Caterpillar with More than 56,000 employees worldwide also has plants in York a. Denver and Memphis Tenn. Able a said economist Sandra Shaber of the futures group a Washington based consulting firm. March marked the first drop since october and the worst since August. Still even with the decline first Quarter sales were up 2.9 percent from the previous Quarter the Best in More than three years. A this is a relatively Small decline and it certainly does no to signal we re entering another downturn a Shaber said. A i think its probably a useful reminder this Isnit going to be a terrific  most analysts agree economic growth this year will be far weaker than the 6 percent average during the first year of other Post world War ii recoveries. Retail sales represent roughly one third of economic activity Overall and economists had welcomed the Strong gains in the first two months of the year As confirmation the recovery was under Way. They still hold that View attributing much of the March weakness to special factors. Temperatures during the month were lower than Normal in Many parts of the country. Also easter Falls later than usual this year Likely shifting some sales from March to april. Business Apple s $5.5 billion lawsuit mostly dismissed by judge from wire reports san Francisco a a Federal judge on tuesday dismissed most of Apple computer  $5.5 billion lawsuit accusing Microsoft corp. And Hewlett Packard co. Of illegally copying apples macintosh display technology. . District judge Vaughn Walker ruled that most of apples computer screen display symbols that were the focus of the suit were not protected by copyright Law. Walker scheduled another hearing May 12 to decide whether the displays remaining in the suit presented enough evidence of similarity to go to trial. Ism reports list Quarter profit rebounding from a financially disastrous 1991, ism said tuesday that it moved into the Black in the first Quarter with earnings of $595 million or $1.04 a share. The profit contrasted with a loss of $1.7 billion a year earlier. Analysts said however that it was too soon to credit the upswing to the company a Radical restructuring. 9uarter, Revenue was up 3.3 percent at $14.04 billion compared with $13.59 billion in the period last year. Earnings before taxes Rose 6.9 percent to $991 million from $927 million in the 1991 Quarter. Sprint Russia in phone Deal new York a sprint the third largest . Long distance phone company announced a Deal tuesday to help modernize russians phone system. Sprint said it would build and operate russians first nationwide Public data network. The network which will carry computer data will be built As part of a Moscow based joint venture called sprint networks