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Publication: European Stars and Stripes Wednesday, April 22, 1992

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     European Stars and Stripes (Newspaper) - April 22, 1992, Darmstadt, Hesse                                Wednesday april 22, 1992 the stars and stripes b Page 17money matters today a tip by the stars and stripes army and air Force exchanges in Europe began redeeming sayings certificates issued by american Telephone amp Telegraph co. In conjunction with the firm s calling cards. According to the company nearly 50 percent of All military personnel have the at amp to cards. Card holders who spend $30 or More in a three month period on Long distance Calls billed to the cards Are eligible for the certificates which equal 10 percent of each Bill. At amp to calling card holders can also use the certificates toward payment of future phone Bills or use them As a discount at participating retail stores and hotels. Conversion rates London up a tuesdays 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 $338.50 an ounce Silver at $3.99. April 17 april 21 British Pound.1.7488 1.7484 German mark.1.6686 1.6660 French franc.5.6356 5.6310 dutch guilder.1.8770 1.8750 belgian franc.35.15 italian lira.1,254.50 1,251.00 Swiss franc.1.5448 1.5430 greek drachma.193.76 194.84 turkish lira.6,439.50 6,509.40 saudi arabian riyal.3.7495 3.7498 Spanish peseta.104.09 portuguese escudo.142.25 142.37 Canadian dollar.1.1803 1.1786 austrian schilling.11.6750 11.7300 norwegian krone.6.4990 6.5230 danish krone.6.4310 6.4480 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rates concern the Sale of German Marks and British pounds to . Personnel for personal use and these will be 1.62 Marks to a Dollar and $1.80 for a Pound through wednesday based on tuesdays noontime Price fixings. New York Exchange new York up a York Stock Exchange Stock Glaxo holdings limited inc Rwjr Nabisco hid general motors Ford motor co Amer express co Uniss corp Chrysler corp Pacific Orp get corp Bristol Myersq at amp to company ism corp Philip Morris genl electric the 15 most Active stocks in new composite trading on monday. Salti last net Chol. 3,250.700 26% Oft 1 2,458,300 22% Oft 2% 2,388,500 9% off % 2,297,100 42% up % 2,158,600 43 up 1% 2,087,100 22% off % 1,992,000 10% up % 1,988,700 19 up 1,925,800 22 off % 1,919,800 32% up 1,841,800 73% off 1% 1,826,100 42% off % 1,792,800 89% up % 1,705,600 76% off 1% 1,573,200 78% off % american Exchange new York i Jpn american Stock to Xci Stock us Bio science Chambers Dev a fruit of loom Americus desc Ivan corp Medeva Pic Alza corp Echo Bay mines instrument sys Hasbro inc a the 10 most Active stocks in Iange composite trading monday. Sales Lait net chg. 743,400 10% off 1% 501,300 8% up % 416,800 36% off 1% 342,100 8% unch 282,700 28 off 1% 276,400 17% off 1% 261,300 42% off 2% 239,200 5% up % Oft % 223,000 6% 169,500 26% off % Dow Jones new York up monday 30 industrials 20 transport 15 utilities 65 stocks Dow Jones closing Range of averages High 3375.67 1391 26 21000 1195 83 Low 3300.98 1360.99 206 37 1170 25 close 3336.31 1371.64 208.63 1181 84 change off 30.19 off 25.22 0 11 50 off 13 58 tension hangs Over Caterpillar As former strikers Start returning by Jonathan p. Hicks the new York times Peoria 111. A workers at Caterpillar inc. Came Back to their jobs monday still bitter toward their employer and frustrated that their five month strike against the company has brought them nothing. Caterpillar a maker of construction equipment conducted Long orientation meetings with workers to Welcome them Back and to try to eliminate tension. Although Many of the 12,600 strikers returned to work monday at five plants in Illinois Caterpillar said that Only 70 percent of the Union work Force would be Back on the Job by the end of the week. According to the company so Many production processes were changed during the strike that the remaining workers must be brought in gradually so that the plants can gear up without problems. But the company reiterated assurances monday that virtually All striking workers would be asked Back. Despite the end of the strike pending new contract talks both the company and the members of the United Auto workers Union face daunting tasks. Caterpillar which in recent years had developed relatively harmonious relations with the Union now confronts a disgruntled work Force resentful Over caterpillars threat to replace them with nonunion workers. Mending these relationships will prove difficult company officials acknowledged. A any time you go through a situation like the one we be been through in the last few months you re going to have some morale problems a said Wayne m. Zimmerman the company a vice president for personnel. A before the strike i Felt our relationship with the employees was at an All time High. But its going to Haw members return to work at the Caterpillar inc. Plant in East Peoria Iii. Take some time to get that momentum  several workers who returned to their jobs monday said the atmosphere at the plants was tense adding that Many who had been on strike harboured anger toward Union members a 1,000 by the company a count 200 by the unions a who had crossed picket lines. A things Are pretty strained right now a said James Little a 43-year-old production line worker who has worked for Caterpillar for 28 years. A a in a disturbed with both the company and the  Union members Are not the Only ones left feeling bitter by the strikes end. Thousands of people responded to the company Scall a week ago for replacement workers and Many feel used by Caterpillar for so abruptly crushing their Hopes for High paying jobs. A they built up my expectations and now i think they never had any intention of hiring anyone a said Michael f. Randall 24, who buses tables in a downtown restaurant for minimum wage. A getting a Job at Caterpillar would have been the greatest thing that could have happened to me. But it seems they were just teasing  Hershey counters Mars by offering Sweet rebates Hershey a. Apr the Candy bar War escalated monday when Hershey foods corp., one of the nations biggest Candy makers began offering refunds to Consumers in response to a similar offer by Mars inc. Hershey foods corp. Announced it will give 5-cent refunds for proofs of Purchase on its Hershey a Reese a and Peter Paul Cadbury Candy bars. A minimum of 20 wrappers must be turned in to receive the refunds from the a a Hershey a puts a smile on your face program. The refunds apply to any Hershey a Candy bar weighing 1 ounce or More. Participants who turn in the wrappers by july 31 also will receive four coupons for free Standard sized Hershey a Candy bars. The Hershey promotion runs through oct. 31. Consumers can turn in an unlimited number of proofs of Purchase but there must be at least 20. Mars began the chocolate Battle earlier this month when it unveiled its rebate offer of $1 for each bundle of 20 regular or King size Candy wrappers. The company also reduced the wholesale Price of a amp mrs family packs those weighing 7.2 ounces or More by an average of 9.4 percent. Hershey spokeswoman Bonnie Glass said that the company has offered other promotions in the past to stay competitive with its rivals but that this was the first time a rebate was involved. A this is a continuation of the healthy Competition in the confectionary category a Glass said. Besides keeping up with the Competition Hershey Hopes the refund offer will entice More Consumers to buy Candy bars Glass said. Consumers can choose to have their refunds donated to the children a Miracle network which raises Money for nearly 170 children a hospitals in the United states and Canada. Business Revlon processes credit line to replace older agreement from wire reports new York a Revlon inc. Said it is processing a $500 million credit line but would not comment on whether the move could be a first step toward taking the cosmetic giant Public. Revlon senior vice president James Conroy said monday that the credit line will be used for working capital essentially replacing an earlier credit agreement established with a variety of Banks in 1990. Chase nation Bank report surge Chase Manhattan corp. And nation Bank reported a Strong Start for 1992, joining other Banks with big first Quarter gains and giving further indication that better Days May be ahead for the banking Industry. Chase said monday that its profit Rose 21 percent in the first three months of 1992, while nation Bank posted a 95 percent gain. Yugo America running out of Gas Newark . A Yugo America has filed for bankruptcy apparently ending the automakers efforts to introduce its Low Cost cars into the United states. The . Subsidy Ian of the yugoslav car maker filed for bankruptcy under chapter 7 of the . Bankruptcy code which usually leads to the liquidation of a company under the direction of a court trustee. The move is the second filing by the upper Saddle River .-based unit of Zavodi Covena Zastava. Yugo America reorganized itself in 1990 under chapter 11 of the bankruptcy code  
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