European Stars and Stripes (Newspaper) - May 9, 1992, Darmstadt, Hesse Saturday May 9, 1992 the stars and stripes b Page 17money matters the number of americans filing first time claims for unemployment benefits Rose slightly to 415,000 for the week ending april 25, the government said. The labor department said thursday that the 11,000 increase in the number of people seeking jobless benefits represented the first weekly increase in a month. However economists were generally not alarmed by the Rise. Instead they noted that the four week moving average for claims which helps to smooth out week to week volatility fell to 409,750, the lowest it has been in 18 months. Conversion rates up fridays . Dollar to other London rates for the currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gold was quoted at $336.00 an ounce Silver at $4.12. May 7 May British Pound.1.7959 1.7 German mark.1.6370 1.6455 ranch franc.5.4955 5.4925 dutch gurder.1.8420 1.8373 belgian franc.33.66 33.61 italian lira.1,228.90 1,229.00 Swiss franc.1.5100 1.5625 greek drachma.192.23 192.22 turkish lira.6,626.00 6,645.90 saudi arabian rtyal.3.7488 3.7488 Spanish peseta.102.19 102.05 portuguese escudo.136.50 136.29 Canadian dollar.1.1965 1.1990 austrian schilling.11.4900 11.4775 norwegian krone.6.3740 6.37 danish krone.6.3120 6.3030 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rates apply to the Sale of German Marks and British pounds to . Personnel for personal use and these will be 1.59 Marks to a Dollar and $1.84 for a Pound through monday based on fridays noontime Price fixings. New v0rk up York Stock Exchange the 15 most Active stocks in new composite trading on thursday. Toek Alm last net chg. Glaxo holdings 2,065,200 27% off Sears Roebuck 1,950,300 42 0 11% ism corp general motors 1,695,700 93% up 1 % 1,698,000 39% 0 1% global Marine 1,620,500 1% up Saatchi Saatchi 1,567,900 1% unch at amp to company Tiase Manhattan 1,526,100 44 off % 1,497,300 28% up Boeing co bake Hughes 1.363,900 1,237,400 44% 21% up up thief not de my 1,194,400 56% 0ff1% Aridahi 1,135,600 9% up % Rwjr Nabisco hid 1,123,300 9% off Philip Morris 1,123,100 79 off vib limited inc 1,118,500 24 of american Exchange new York american Stock Stock us Bio science pm group web Chambers Dev a do corp Cablevision sys instrument sys inti Corona Weatherford inc Alza corp Echo Bay mines a the 10 most Active stocks in change composite trading thursday. Sedei 757.900 521.900 468.000 451,700 447.000 420.100 409.100 325.900 321,400 317.000 lest 13% 13% 7 10% 27% 6% 3 13-16 4% 44% 5% net chg. Up % off % unch up unch off off % off % up off Vuk Dow Jones new York up Dow Jones doring Range of averages thursday 30 industrials 20 transport 15 uses 65 stocks 33905 1412.74 21495 1207 89 3343 25 1383.78 212.34 1189.05 336337 139499 213.45 1196.76 of comb off "6.54 off 12.71 off 0 87 off 5 03 global thinking is needed Gorbachev tells Market group Chicago apr former soviet president Mikhail Gorbachev Shook hands and chatted with some Kings of capitalism thursday at the worlds largest commodities exchanges. During a tour of the Chicago mercantile Exchange Gorbachev urged officials to think globally when thinking about economies. A we must think about the future and what that future should be a he told the mercy a Board of directors. A we have All of us to work together a Gorbachev said through a translator. He questioned merc chairman John f. Sandner about the . Recession and the Long term Outlook for the worlds Market then pushed onto the trading floor clearly pleased with the boisterous reception he received from traders. A Gorby Gorby a shouted traders As Gorbachev crowded onto the floor of the mercantile a Standard amp poor s 500 trading pit. A buy some pork bellies a one trader urged the soviet unions last president who received a one word explanation from a merc official Gorbachev joined three other men a president Bush Ronald Reagan and mexican president Carlos Salinas de Gortari a who have been named honorary members of the mercantile Exchange. Gorbachev accompanied by his wife Raisa was presented with several gifts. They included a Scarlet traders jacket which read a perestroika a if i can to Wear it some member of my family will a deadpanned Gorbachev. Sandner praised Gorbachev saying he a built a very Strong foundation for a future world of peace. And economic former soviet president Mikhail Gorbachev and his wife Raisa watch the trading action in the wheat pits at the Chicago Board of Trade on thursday. Sandner who predicted the russian Ruble will be traded on the merc within about three years said he was surprised with the depth of knowledge and level of interest expressed by Gorbachev. A i could not Tell you How impressed i was and How sensitive he was to what we do a Sandner said. Gorbachev then moved on to the Chicago Board of Trade. He and his wife received a warm ovation at the boards wheat trading pit which he toured with Board president Thomas Donovan. He then met privately with the boards directors who presented him with a Glass Eagle in Honor of his visit. Crowds lined the Street hoping to shake Gorbachev a hand As he left the City a financial Center. Both Gorbachev and his wife smiled waved and Shook hands before entering their motorcade under heavy Security. Gorbachev is on a 13-Day tour of the United states with stops in san Francisco Atlanta Washington and Boston. Ism reported studying investment in time Warner new York ism is holding discussions about taking a $500 million stake in a time Warner inc. Division Industry sources said. The talks Are part of a plan by the companies to merge in my a computer technology with time Warners movies to shows and Cable to system the sources said. The amount of the investment would equal the stakes time Warner is Selling in the division to the japanese electronics company Toshiba corp. And c. Itoh amp co., a japanese trading and investment concern. The Deal would eclipse in value in my a joint venture with Apple computer inc. Announced last year the sources said speaking on condition of anonymity. American keeps Low fares to Europe through june 5 new York apr american airlines which complained for months about cheap air fares until it started its own round of Price chopping has extended a Sale on summer fares to airlines Continental airlines and us air quickly matched americans Deal on thursday. Other rivals including Delta air lines and trans world airlines were studying it. American began offering discount fares to Europe in March then extended the Deal in april. The Sale was to Nave expired at Midnight wednesday but american extended the cheaper fares again this time through june 5. The travel is Good through sept. 30, with prices somewhat higher from june 1 to aug. 31 than they Are during May and september. American said its fares which require a 14-Day Advance Purchase offer savings of up to 33 percent. A it has been very successful in terms of interest and bookings a american spokesman Tim Smith said. He said american was attracting business from people who might not otherwise have flown. Despite americans claim that it was doing Well executives at other airlines wondered Why american would be slashing prices during the Peak summer season if its bookings were real a Strong. A we think there a been a pretty Good demand for Europe this summer a Delta spokesman Neil Monroe said. A a we be been a Little surprised at that Type of activity. This is Peak season and we re seeing pretty Good business Finland agrees to Purchase Mcdonnell Douglas fighters from wire reports Helsinki Finland a Finland has awarded a $3 billion contract to the Mcdonnell Douglas corp. To buy 57 fighter jets. The contract is for Fa-18 fighters to be delivered to Finland Between 1995 and 2001. The defense ministry announcement wednesday was a blow to neighbouring Sweden which had counted on recovering some of the billions of dollars it has invested in the Jas 39 Gripe. Other contenders were the French Mirage 2000 and the american made f-16. 54 child world stores to close Boston a child world inc., which has struggled to stay out of bankruptcy court for More than a year has conceded seeking Protection from its creditors and announcing the closure of 54 stores. W. John Devine chairman of the nations second largest Chain of toy stores said thursday that child world was forced into bankruptcy because it could not persuade Banks to maintain a $100 million line of credit essential for the stores Day to Day operations
