European Stars and Stripes (Newspaper) - April 27, 1992, Darmstadt, Hesse                                Monday april 27, 1992 the stars and stripes b Page 17 Money matters make Way for another Clear drink. Seagram beverage co. Plans to Market a Clear alcoholic drink called Seagram a spritzer in 15 states. The potion is malt based and has a Light fruit flavor. It will be about As Strong As Beer containing 3.5 percent alcohol. C. Richard Coffey president of the beverage company said a creating innovation in this Market has never been More difficult. Consumers Are demanding products that Are Low in alcohol less Sweet and suitable for a variety of social  in what appears to be an attempt to Stem pressure for legislation calling for warnings in advertisements for alcohol products Seagram is Labelling the drink As an alcoholic beverage. Conversion rates London Orpi 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 $336.55 an ounce Silver at $3.98. April 23 april 24 British Pound.1.7669 1.7735 German mark.1.6600 1.6505 French franc.5.6185 5.5773 dutch guilder.1.8736 1.8578 belgian franc.34.17 missing italian lira.1,252.00 1,242.00 Swiss franc.1.5415 1.5295 greek drachma.194.40 193.00 turkish lira.6,528.70 6,511.90 saudi arabian riyal.3.7495 3.7495 Spanish peseta.104.29 103.77 portuguese escudo.141.24 140.04 Canadian dollar.1.1860 1.1860 austrian schilling.11.7150 11.63 norwegian krone.6.5070 6.46 of Nash krone.6.4400 6.3870 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 $1.85 for a Pound and 1.61 Marks to a Dollar based on Price fixings Friday afternoon at military banking facilities. . Attempts to lure Bow to build Plant Columbia . Up the South Carolina legislature is working on a $35 million economic incentive plan to lure Bow to build an Auto manufacturing Plant in the state. South Carolina and Nebraska have been competing for the $1 billion Plant to be built by the German automaker. The incentives include a $25 million Bond Issue which was approved by the South Carolina Senate on thursday to make site improvements at any South Carolina site Bow May select. A second incentive earmarks $10 million for Highway Access and economic improvements to any site Bow selects. The third allows any fees Bow pays in lieu of taxes to be used for a local government Bond package to make further site improvements. Business people in Greenville and Spartanburg the primary location being considered have been raising funds for training Bow personnel. The Plant is expected to initially employ 1,000 workers. A amp a bailout Agency aided by secret fund officials say by Stephen Labaton the new York times Washington while attacking Congress for delaying spending authority for the savings and loan bailout the Bush administration managed to Squirrel away More than $2 billion to keep the operation going. Most members of Congress had assumed that the Resolution Trust corp. Ran out of Money april 1. Congress approves appropriations for the corporation that oversees the bailout of the savings and loan Industry. Administration officials have said on Many occasions that the Etc was out of Money. The funds existence was not disclosed for fear that news of the $2 billion fund would reduce any sense of urgency that could impel congressional action the officials said. Re the officials disclosed the existence of the fund when asked by a reporter what effect the stalemate Over appropriations has had on the corporation s operations. They said the $2 billion came from an earlier spending measure and was enough to keep the Agency going for a few months. The Money was set aside last fall by the corporation because it feared that political i hate to say it but $2 billion is not a lot of Money a Stephen Katsanos Resolution Trust corp. Spokesman gridlock on Capitol Hill would delay any replenishment of its funds. The $2 billion has enabled the corporation to continue Selling assets and seizing additional savings institutions since april 1, when most of its spending authority expired. For All the secretiveness there has been no suggestion of wrongdoing and some members of Congress said they were surprised but not upset to learn about the Money. Congress returns today from a two week recess but has shown no inclination to move quickly to provide new Money. Some lawmakers and regulators said it could be weeks or longer before the Trust corporation is Given new Money and it is Clear from their comments that the partisan bickering will continue. �?o1 hate to say it but $2 billion is not a lot of Money a said Stephen Katsanos a spokesman for the Trust corporation. In interviews Friday democrats republicans and administration officials described no change in the political dynamics. Always a difficult political Issue financing the highly unpopular bailout has run into a Brick Wall even though everyone acknowledges that Congress will ultimately have to provide More Money. Bickering Between the administration and House democrats this election year combined with an internecine Republican struggle has blocked Quick passage. The administration says the House should provide More Money. The democratic leaders say they will not seek democratic votes until the administration enlists Strong Republican support so that the democrats cannot be singled out As the driving Force behind the financing. Before the recess the House overwhelmingly rejected legislation to allow the Trust corporation to spend $17 billion that had been approved last november. U.s., Canada head off Beer problems Washington a the United states and Canada tentatively ended a Beer dispute saturday that had caused diminished sales of . Brands in Canada and produced threats of . Duties on imported Canadian Beer. Under the agreement the Canadian government a which sets minimum Beer prices a would halt practices by june 30 that drive up the Price of . Beer said Malcolm Mckechnie spokesman at the Canadian embassy. Canada also will eliminate other marketing barriers he said. In return the United states has agreed to rescind plans to place a Tariff on in b sorted Canadian Beer that would have Cen retroactive to april 13. The threat of the duties had slowed shipments of Canadian Beer into the United states. Because of the dispute the province of Ontario stopped buying american brands. Canadian provinces regulate Beer sales. A Normal Trade in Beer Between the two countries resumes today a Mckechnie said saturday. Julius Katz acting . Trade representative hailed the agreement and said a i believe the details of the final agreement can be reached  officials of the two countries will meet As Early As this week to work out final details of the agreement. The two nations have Long bickered Over restrictions that each says the other places on its imported Beer. About $170 million in Canadian Beer is sold each year in the United states about 1 percent of the . Market. Canadians buy about $30 million Worth of . Beer annually about 3 percent of the Canadian Market. Negotiators in Washington and in the Canadian capital of Ottawa reached the agreement Over the Telephone and fax. Talks remain stalemated on farm Export subsidies kit Shiobara Japan apr Trade ministers from four regions failed sunday to end an impasse on agricultural Trade subsidies that has stalled key International Trade talks. The Trade officials from the United states Canada the european Community and Japan said they had decided not to set a deadline for a conclusion of the talks and reported Little Progress from three Days of informal discussions in this wooded resort area North of Tokyo. A we Felt that putting a deadline on the negotiations would be counterproductive a said Kozo Watanabe Japan a minister of International Trade and Industry. Negotiators have failed to meet two earlier deadlines for the so called Uruguay round of the general agreement on tariffs and Trade talks. Disagreement Between the United states and the european Community Over the eco a subsidies for agricultural exports is the main topic blocking the conclusion of the Gatt talks. Washington is urging the dec to reduce the number of products that it subsidizes. A we want very much to have a successful outcome and we want that outcome to be As rapid As possible a said . Trade representative Carla a. Hills. A we Are doing everything in our Power to sweep away the  Hills said it would be difficult to estimate when the negotiations would end a but hopefully in the near term not the Long  Hills Watanabe Canadian Trade minister Michael Wilson and dec commission vice president Franciscus Andriessen focused on the Uruguay round and other Trade issues during their talks in Kita Hioba a the 21st regular four Way meeting of Trade ministers since such gatherings began 10 years ago. Business Goodyear on big Roll As earnings show jump from wire reports Akron Ohio a Goodyear fire amp rubber co. Has reported unusually Strong first Quarter earnings a marked change from a loss of More than $90 million a year earlier. Goodyear on Friday reported earnings of $66.3 million or 94 cents per share on sales of $2.8 billion. That compares with a loss of $90.1 million or $1.54 per share on sales of $2.5 billion in the first Quarter of last year. The 1991 figure reflected a $59.7 million charge for restructuring. But the loss was also caused by slumping Auto production and decreases in demand for replacement tires. New Alliance ready to Fly Phoenix a America West airlines faced with tightened Domestic Competition announced it has agreed to form a marketing Alliance with Aero Mexico involving route sharing and fre quent flier programs. The carriers said the agreement once approved by the . Government would boost travel Between the United states and Mexico. Both airlines recently were granted route authority to provide daily non Stop service Between Phoenix and Mexico City. They plan to Start service june 1