European Stars and Stripes (Newspaper) - April 17, 1992, Darmstadt, Hesse                                Friday april 17, 1992 the stars and stripes c Page 17 Money matters today s tip stateside residents scrambled to meet the dreaded april 15 Federal and state tax deadlines but . Citizens living overseas can take a two month breather. Bob Tobin the irs representative at the . Embassy in London said a two month Extension is automatic for . Citizens living overseas. Taxpayers have until june 15 to file he said. An additional two month delay a until aug. 15 a can be obtained by filing an Extension. But those who owe Uncle Sam Money should take heart  still owe that Money plus monthly interest from april 15, Tobin said. Late filers can be penalized 5 percent per month up to 25 percent he said. However if taxes Are not filed within 60 Days of the due Date the penalty will not be less than $100 or the 100 percent tax owed whichever is less he said. 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 $337.00 an ounce Silver at $4.00. April 15 april 16 British Pound.1.7590 1.7579 German mark.1.6555 1.6675 French franc.5.5890 5.6125 dutch guilder.1.8630 1.8676 belgian franc.33.980 34.160 italian lira.1,244.95 1,248.10 Swiss franc.1.5245 1.5445 greek drachma.193.10 193.76 turkish lira.6,414.40 6,439.50 saudi arabian riyal.3.7495 3.7495 Spanish peseta.103.60 104.09 portuguese escudo.141.90 142.25 Canadian dollar.1.1813 1.1803 austrian schilling.11.6425 11.6750 norwegian krone.6.4730 6.4990 danish krone.6.4115 6.4310 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 1.62 Marks to a Dollar and $1.79 for a Pound through Friday based on thursdays noontime Price fixings. New York Exchange new York up a York Stock Exchange Stock Archer Daniels Ford motor co general motors ism corp at amp to company Glaxo holdings Chrysler corp Grace or amp co Banc one corp Pepsico inc Conner perish re Merrill Lynch Rwjr Nabisco hid first data corp Philip Morris the 15 most Active stocks in new composite trading on wednesday. Salta 2,972,100 2.737.600 2.473.300 2.215.600 2,205,900 2.140.600 1.986.800 1.072.400 1,856,000 1,727,500 1.692.800 1,675,700 1.644.400 1.619.600 1.495.300 last 24 % 40 it 39 it 88 a 42 Vuk 28 Vuk 18 a 35 i 44 4k 35 4k 20 4k 49 a 9 4k 23 4k 78 4k Natch. Off 1 Vuk Offik unch up Vuk up Vuk off Vuk up 4k off Vuk off 1 Vuk off Vuk up w off Vuk up Vuk up 4k unch american Exchange new York up the ten most Active stocks in exc a american Stock Stock Chambers Dev a Parker amp Parsly foundation hath fruit of loom Echo Bay mines Wang labs inc b Americus up so Americus desc new York times carnival cruise Hange composite trading wednesday. Salas 783.100 604,900 477.000 476,400 441.500 438,300 301.000 271.500 260.100 252,600 last 7 Vuk 11 i 28 38 4k 54k 5 Vuk 6 Vuk a 30 Vuk 30 Nat chg. Unch off 4k off 1 Viup 4k of 4k unch up 1 Vuk up 1 up 1 Vuk off 4k Dow Jones new York up Dow Jones closing Range of averages wednesday 30 industrials 20 transport 15 utilities 65 stocks High 3370.08 1403.03 208.19 1196 25 Low 3296.51 1364.72 20481 116910 Clota 3353 76 1395.74 207.81 1190 80 a Kaaba up 47.63 up 30.27 up 2.63 up 19 25generation of electric vans planned new York a Chrysler corp. Will be the first . Automaker to sell an electric Van that meets Federal safety standards chairman Lee Iacocca said wednesday. But even the Veteran car Pitchman in a speech before the International motor press association expressed reservations with the slow and expensive vehicle. A a it a no Viper by the Way of performance. You can to have everything a he said referring to Chrysler a new 400 horsepower muscle car. A you can to get a speeding ticket with this  Chrysler also announced that starting in july it would sell vehicles that can run on a clean burning mix of gasoline and methanol also known As Wood alcohol. The Plymouth acclaim and Dodge spirits can take a mixture ranging from 85 percent methanol and the rest gasoline All the Way to 100 percent unleaded gasoline. 1992 first Quarter earnings defense contractors report profit gains from wire reports general dynamics corp. Reported a 44 percent gain in first Quarter earnings while Northrop corp. Reversed last years loss to record a $47.z million profit. General dynamics the Falls Church  defense contractor said it earned $72 million or $1.71, a share in the three months ending March 31, compared with $50 million or $1.20 a share a year earlier. General dynamics sales for both periods totalled $2.1 billion. The company which makes weapons ranging from submarines to f-16 fighter jets has been aggressively restructuring the scope of its businesses. Los Angeles based Northrop a profit compared with a $34.8 million loss a year earlier when it took a $67.4 million charge to cover accounting changes. During the january March period the stealth bomber builders profit equated $1 per share compared with a loss of 74 cents per share during the first Quarter of 1991. Sales totalled $1.3 billion up 4 percent from $1.25 billion. The increase in sales resulted from higher production revenues on the b-2 stealth bomber and a slight increase in shipments of parts Northrop builds for Fa-18 fighters and Boeing 747 passenger jets. 2 ring up profits american Telephone amp Telegraph co. And sprint corp., two major Long distance Telephone companies reported Strong first Quarter earnings wednesday in Large measure because of Cost cutting moves like layoffs and Plant closings. But the recession continued to take its toll with lacklustre Revenue growth in the Quarter. At amp to which also has operations in computers telecommunications equipment and credit card services said that earnings in the first Quarter Rose 16.5 percent to $883 million or 67 cents a share from $758 million or 59 cents a share a year earlier. But quarterly Revenue remained Flat at $15.38 billion up less than 1 percent from the $15.27 billion a year ago. Sprint reported that first Quarter operating income Rose 19.5 percent to $99.9 Mill on or 45 cents a share from the Fina net of $83.6 million a year ago or 38 cents a share. An accounting change added $36.4 million to sprints 1992 earnings which totalled $136.3 million or 62 cents a share. Quarterly Revenue Rose 2.2 percent to $2.21 billion from the $2.16 billion a year ago. Drug earnings slow reflecting the pressures on drug prices and flagging sales for older products two Large pharmaceutical companies reported wednesday that their earnings growth slowed during the first Quarter. Merck amp co., the worlds largest pharmaceutical company said first Quarter profits increased by a robust 17.6 percent led by its stable of predominantly Young drugs. But analysts compared the results with gains that exceeded 19 percent last year. Upjohn co., hit by reports that its sleep inducing drug Halcyon could have serious Side effects said its profits Rose 8.3 percent in the Quarter. Merck based in Rahway n.j., said net income in the Quarter reached $569 million or $1.47 a share compared with $484 million or $1.25 a share in the first Quarter of 1991. Sales Rose 8.3 percent to $2.22 billion. Upjohn based in Kalamazoo mich., reported net income of $144 million or 80 cents a share compared with $133 million or 73 cents a snare in the first Quarter of 1991. Sales Rose 9.1 percent to $872 million. Good news reported Arlington a. A Gannett co. On wednesday reported a 10 percent increase in profit for the first Quarter com or ared with results from the same period ast year. The company reported net income of $55.4 million or 39 cents a share for the first three months of the year from $50.1 million or 32 cents a share a year earlier. Lbs Stock jumps new York lbs inc. Said wednesday that its operating income jumped nearly 79 percent in the first Quarter mainly As a result of reduced costs especially in the network news division which had spent millions of dollars covering the persian Gulf War last year. The company a net income however fell 20.2 percent mainly because the 1991 Quarter included a one time gain. Overall Wall Street greeted the lbs earnings report enthusiastically. Cd so a Stock which Rose $7,625 a share tuesday in anticipation of the earnings gained an additional $7.50 wednesday closing at $185.50. In the first Quarter lbs said its operating income increased to $18.6 million from $10.4 million a year earlier. Sales in the period Rose 42 percent to $1.08 billion from $762 million a year earlier. Net income for the first Quarter fell to $18.6 million or $1.20 a share from $23.3 million or $1.21 a share a year earlier. But the 1991 figure included an after tax gain of $12.9 million or 67 cents a share which came from the Resolution of a dispute Over the Price that Sony corp. Paid lbs for its record business firm lands profits Dallas a the Parent company of american airlines the counties biggest airline reported wednesday a $20 million profit in the first three months of the year. The company also said its bookings had increased 46 percent since it announced a new fare Structure last week. Fort Worth based Amr  profit which came to 28 cents per share had been expected despite recent losses and softness in the transportation Industry. It was the company a first profit for the january March period since 1989. In a speech to kick off the 92nd annual new York International Auto show la Cocca said Chrysler plans to build at least 50 of its new electric Evans starting in december. The Van will Cost Between $100, to $120, and take 25 seconds to reach 60 Mph from a dead Stop with a top Speed of 65 Mph. Its Nickel Iron batteries need an eight to nine hour recharge after travelling i x Miles. Revenue for the Throe months ended March 31 was $3.51 billion. In the same three months of 1991, the company lost $195.6 million or $2.96 per share on Revenue of $2.77 billion. Mattel plays up sales los Angeles a to making concern Mattel inc., citing Strong Domestic sales reported wednesday first Quarter earnings of $14.8 million or 21 cents a share up from earnings of $11.2 million or 15 cents a share for the year ago Quarter. First Quarter sales were a record $326 million up 22 percent from $268 million in the 1991 Quarter. Domestic sales were up 40 percent while foreign sales increased 8 percent. Earnings energized san Francisco Pacific Gas and electric co. Reported wednesday earnings of $276.4 million or 61 cents a share in its fourth Quarter that ended March 31, More than double its earnings of $139.4 million or 28 cents a share for the year ago Quarter. Revenues for san Francisco based pm amp a the nations largest investor owned Utility were $2.42 billion up from $2.27 billion in the year ago Quarter. The earnings released after the Stock Market closed were significantly above Wall streets expectations of about 53 cents a share. Apple keys in gains Cupertino Calif. Apple computer inc. On wednesday reported a 3 percent Rise in quarterly profit crediting the Success of its new notebook models and its mid priced machines. The company earned $135.1 million or $1.09 per share in the three month period compared with $131.1 million or $1.07 per share in the second Quarter of fiscal 1991. Revenue meanwhile Rose to $1,716 billion a 7.4 percent gain Over $1,598 billion. Reebok makes strides Stoughton mass. Reebok International Ltd. Report Eil a 6 percent Rise in first Quarter earnings wednesday citing higher sales of Reebok sneakers anti apparel. Reebok earned $62.3 million or 67 cents per share for the three months that ended March 31. That compared with profits of $58.4 million or 51 cents per share for the first Quarter of 1991. Sales for the Quarter Rose 14 percent to $797.4 million compared with $695. Million in the same period last year. Coke earnings Rise Atlanta a the coca cola co. Said wednesday its first Quarter earnings Rose 19.4 percent to $383.1 million or 58 cents a share compared with $320.9 million or 48 cents a share in the same period last year. Revenues increased to $2.8 billion from $2.5 billion