European Stars and Stripes (Newspaper) - June 4, 1992, Darmstadt, Hesse                                Thursday june 4, 1992 the stars and stripes c Page 15 Money matters Delta air lines has raised its heavily discounted summer fares by $10 to $20 to cover the expense of processing the deluge of reservations unleashed by last weeks Industry move to slash ticket prices. Neil Monroe a spokesman for Atlanta based Delta said the half f Rice fares that went into effect ast week sparked an a unprecedented demand which in turn caused an unprecedented Burden on our reservation  Monroe said the increase in Delta a discount tickets will help the Carrier a come close to covering the actual expenses incurred by the promotion. Conversion rates following Are fixed rates at which Community banking facilities will sell foreign currencies to . Personnel for personal use through thursday German mark.1.57 British pound.1.87 dutch guilder.1.76 greek drachma .188.3008 note the rates above apply within the Host country. Figures Are expressed in dollars to the British Pound other currencies to the Dollar following arc Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies italian lira .1,214.00 turkish lira .6,858.26 Spanish peseta.100.43 austrian Schilling .11.11 saudi rial.3.7498 Bahrain dinar.0.37675 Kuwait Dinar .0.29140 norwegian krone.6.2780 danish krone.6.2075 British pound.1.8164 German mark.1.6080 Swiss franc .1.4675 French franc.5.4165 dutch guilder.1.8115 belgian franc.33.10 Gold quote $339.25 an ounce Silver quote $4.09 an ounce new York Exchange new York up the 15 most Active stocks in new York Stock Exchange composite trading on tuesday. Stock Salat last not chg. Bristol Myersq 10,157,100 66 it off 6ft Glaxo holdings 3,571,300 27 it on Ift syntax corp 3,078,400 35ft off 2ft general motors 3,052,500 40ft off 1 Merck amp co inc 2,767,600 49ft off 1ft Citicorp 2,593,500 19ft up it Chrysler corp 2.417,000 19ft off it Amer express co 2,072,900 23ft unch Uniss corp 2.072,300 9ft up it Walt Disney co 2.011,500 39 up it waste mgt inc 1,959,300 35ft Oft 2�?T/. Ford motor co 1,837,200 46 it Oft it Johnson amp Johnsn 1,805,700 92 it off 5ft Abbott labs inc 1.638,700 32ft off 1 Pfizer inc 1,522,100 71ft off 3ft american Exchange new York up american Stock exch Stock inti Corona Amdahl corp Echo Bay mines magma Copper co Ivan corp Wang labs inc b Batro inc Hasbro inc inti murex tech Bolar pharm co a the 10 most Active stocks in Ange composite trading tuesday. Sales list net chg. 562.100 4 1-16 unch 436,500 15ft off it 414,200 5ft up it 371.100 12ft up it 357,900 26 it Oil 1 it 349.300 3ft up it 319.600 22ft unch 265,200 28ft Oil it 258.400 14ft of it 253.000 12 it up it Dow Jones new York up tuesday 30 industrials 20 transport 15 utilities 65 stocks Dow Jones closing Range of averages he Floc 3435 ?4 1383 22 212 82 1207 53 Law 3380 80 1363 79 210 07 1 165 56 Clasa chivas 3396.10 Oil 17 11 1371 64 Oft 4 48 21132 off 1 19 1195 63 011 5 48 nations to allow More sales of phone gear to sex soviets by the new York times Washington after four decades of strictly limiting sales to the soviet Union of goods that could have military uses the United states and 16 allies have agreed to ease controls on telecommunications equipment. They also will Start negotiations with the former soviet republics on curbing exports of military technology to third world countries that they consider irresponsible. The agreement announced tuesday is another step in the reshaping of cold War institutions in response to improved East West relations. It was reached in Paris by the coordinating committee on multilateral Export controls which consists of Japan Australia and every nato nation except Iceland. By agreeing with its allies on the committee known As Cocom to expand greatly the list of telecommunications products that May be sold to the former soviet republics the Bush administration reversed its policy. Cocom will invite the fledgling states to join its members in an informal forum to discuss cooperation on Export controls. Margaret d. Tutwiler state department spokeswoman said one of the forums goals would be to develop common procedures for ensuring against diversion of a sensitive items to military or other unauthorized  russian officials praised the move As encouraging Western investment. But Igor a. Khripunov who oversees Export controls at the russian embassy in Washington said his country a military factories Are churning out goods faster than the russian army can afford to buy them with its dwindling budget. The result has been huge stockpiles of weapons that the factories might Export. Quot Russia lacks the Money to retool the factories for civilian production Khripunov said adding that a without massive assistance from the West for conversion Export controls will never be  shipments of Liber Optie cables and High Speed Telephone switches and transmission equipment have been the most controversial Issue in the controls. T he new states Are a potentially enormous Market but the installation of modern gear there could make it much Mote difficult for Western intelligence agencies to eavesdrop on phone conversations. The United states agreed tuesday to allow the Export of High Quality fiber optic cables and somewhat faster transmission and switching equipment an american official said. More important the United states also agreed for the first time that those exports should he controlled by each country a officials and not be subject to vetoes by other Cocom members. Mortgage delinquencies decline again from wire reports Washington the percentage of americans falling behind in their mortgage payments shrank from january through March for the third straight Quarter according to a Survey. The mortgage Bankers association of America said tuesday that the proportion of homeowners at least 30 Days delinquent on their payments was a seasonally adjusted 4.52 percent in the first Quarter Down from 4.78 percent in the final three months of 1991. The decline resulted from an improved a Job and income picture a a the incredible refinancing Boom and lower adjustable mortgage rates that pushed monthly payments Down said Warren Lasko executive vice president of the association. The news was not nearly As Good for Home sales however. Sales of new Homes edged ahead 1.3 percent in april according to a government report tuesday that analysts said was further evidence the housing recovery has reached a plateau. But Many analysts Luul expected sales to jump about 7 percent in part rebounding from the biggest drop in More than 10 years just a month earlier. Although sales soared in the West they posted just a Small gain in the Northeast and fell in the Midwest and the South. Byrd sees Little Chance for budget amendment by the new York times Washington a prospects for a constitutional amendment requiring a balanced Federal budget dimmed tuesday when sen. Robert c. Byrd predicted that the Senate would kill it. A once members Are really informed As to the mischief this amendment could do and the damage it could do to the country and to the Constitution i just have Faith that enough members will take a courageous stand against the amendment a said Byrd d-w.va., chairman of the Senate appropriations committee. The amendments sponsor sen. Paul Simon d-iii., said of Byrds remarks a it is possible he is corrects about the amendments prospects. Simon added a i done to need to Tell you that when the chairman of the Senate appropriations committee talks senators pay attention. We All have things we want to get through  Byrd and other opponents Call the amendment a smoke screen that will allow lawmakers to claim action against. The deficit while still postponing hard budgetary decisions. Supporters argue that All other efforts to Cut the deficit have failed and that it is time for the ultimate discipline of a constitutional amendment. Passage by the House is still considered probable when the amendment comes up there next week. But in the Senate Byrd May be Able to rally either the 34 votes required to deny the amendment the two thirds majority required under the Constitution or to filibuster successfully against it. Another measure of opposition was sounded at a news conference in Washington by the economic policy Institute. The Institute made Public a statement of opposition signed by 447 economists including seven who won the Nobel memorial prize in economic science. A when the private Economy is in recession a they said a a constitutional requirement that would Force cuts in Public or tax increases could Worsen the economic downturn causing greater loss of jobs production and  business Byrd Anchorage times bought by rival ending publication from wire reports Anchorage Alaska a the Anchorage t Imes was sold t tuesday to its rivals owner and was to publish its last edition wednesday. The closing makes alaskans largest City a one newspaper town and Lowers to 60 the number of . Cities with More than one daily newspaper. The times was sold to the Sacramento  Mcclutchy newspapers inc., owner of the Anchorage daily news announced times owner and publisher Bill Allen and Mcclatchy president Erwin Potts. A the Way the economics Are its real hard for two newspapers to make it economically so we elected to sell to Mcclatchy newspapers inc.,�?� Allen told a news conference. The Purchase Price Wasny to disclosed. A Severance package equivalent to two months wages was offered to t Imes employees Allen said. The times employed 471 people and the daily news 476 people last year according to state labor statistics. Prices of cereals boosted new York a several of the largest food companies Are jacking up the Price of Cereal to cover what analysis say Are increases in promotional spending. Kellogg co. Triggered the round of increases a week ago by boosting prices on ready to eat Cereal an average of 3.5 percent. Archrival general foods and general Mills have quickly followed with Price rises of 3.5 percent and 4 percent respectively. T he increases will add about 10 cents to the Price of a Box of Cereal analysts said. T he food companies said the Price increases the second round in less than a year were needed to cover Overall costs. But John Mcmillin a food Industry analyst with Prudential securities in new York said Only promotional costs Are rising As Cereal makers Shower Consumers with cents off coupons in a cutthroat Battle for Market share