European Stars and Stripes (Newspaper) - June 7, 1992, Darmstadt, Hesse                                Sunday june 7, 1992 the stars and stripes a Page 17 Dollar watch shown below Are the highest Dollar Exchange rates for the week of May 31 june 5 compared with Dollar rates for the same period one year and five years ago. German mater Money matters one Dollar would buy you 1.57 171 182im i ii i in i a military Exchange rat British Pound one Pound would Cost you 186 169 1.631902 i 1991 i 1097 l one Dollar would buy you 33.10 36.10 38.131992_j j987_j one Dollar would buy you. 1 q7 2.07 1.83 1s .1992 1991 i 1987 a a a a a a a a a a French franc one Dollar would buy you 5.4$ 5.94 0-12 1992 l greek drachma one Dollar would buy you 188.85 191.82 136.80 1999 l Jujj 1987 italian lira one Dollar would buy you 1,215 1.300 1,326 Jug a 197 l Spanish peseta one Dollar would buy you 127.90 100.62 108.18 1998 turkish lira one Dollar would buy you 6,858 _ 4,133 1992 i Pentagon lifts contract ban after be sets up guidelines Washington a the Pentagon on Friday lifted a contract suspension against general electric  giant aircraft engine division after the company promised to take Steps to prevent corruption. The Pentagon a defense logistics Agency lifted the suspension five Days after it was imposed for alleged fraud by be in an engine Sale to Israel. An Agency spokeswoman said be has disciplined All its employees involved in the alleged fraud and set up an internal watchdog system to prevent fraud in gets foreign military sales. A Udla is satisfied that appropriate action has been taken with regard to employees possibly involved in the wrongdoing a said Agency spokeswoman Patricia Miller. The contracting suspension stems from a scheme involving an israeli general Rami Dotan and a former be marketing employee Herbert St Cindler to divert $40 million in . Funds intended for Israel. Steindler was fired in 1091. Israel demoted Dotan who is serving a 13-year prison term in Israel for criminal violations in connection with air Force procurement. The Case is under investigation by the Justice department. Be fought the suspension maintaining that it had rooted out the fraud through its own investigation and informed the Pentagon immediately. Be aircraft engines employs about 20,000 workers at its main Plant in Cincinnati Ohio and in Lynn mass. The suspension barred be from bidding on new or revised government contracts. It left existing contracts intact. Potentially billions were at stake for the company. L ast year alone the engine division was awarded $2.7 billion in military contracts. The engine division makes engines for the f-16 and Fa-18 fighters the b-2 bomber the c-5 air transport and several military helicopters. Mcdonnell Douglas to close Plant los Angeles a Mcdonnell Douglas corp. Will phase out a factory in suburban Torrance by 1993, ending 2,000 jobs the company said Friday. Robert h. Hood president of the St. Louis company a Douglas aircraft unit said declining orders for planes the age of the aircraft parts factory and its machinery and Tough local regulations contributed to the decision. He said it was part of corporation wide cuts. The Plant employed 5,000 workers in 1988. Overall Mcdonnell Douglas employment peaked at 135,000 in May 1990. With the Torrance cuts fewer than 100,000 people will hold full time jobs with the aerospace giant As Pentagon spending and sluggish commercial airline orders take their toll. The plants workers make parts for md-80, md-90 and md-11 passenger jets and the c-17 military cargo Jet. The closure is also a blow to jobs in Southern California. The area is staggering from defense spending cuts the shrinking commercial aerospace Industry a depressed construction Industry Bank mergers and riot related losses. The government on Friday estimated los Angeles county a May unemployment rate at 9.8 percent and californians at 8.7 percent compared with a National figure that came in at an unexpectedly High 7.5 percent. Troubles in the airline Industry Are spilling Over to the companies that make air planes. Mcdonnell Douglas pointed out to its Laid off employees Friday that losses at . Airlines totalled $4 billion in 1990 and $2 billion in 1991. That has translated into few new orders postponements of old ones Ami cancellations of options for jetliners. Dow Breaks through 3,400 level but fails to maintain record Levels amps new York up the Dow finally scaled 3,400 last week after several unsuccessful recent attempts. But cracking its third Century Mark since the beginning of the year was an Uphill Battle and the big question now is whether it can hold above 3,400. The Dow climbed to its 22nd record High of the year at the beginning of the week. But it quickly retreated from its lofty Peak the following Day and closed out the week below 3,400. A the Market earlier last week struggled to climb to the-3,400 level. Now its struggling to stay comfortably above 3,400,�?� said Alan Ackerman executive vice president at Reich amp co. A the Market is caught in a confusing period with Uncertain economic  for the week the Dow Jones Industrial average crept up 0.05 percent or 1.81 Points for a three week winning Streak. Among the Broad Market indexes the new York Stock Exchange composite Index eased 0.99 to end the week at 227.88, and the Standard amp poor a 500 Index Slid 1.87 to 413.48. Declining issues outnumbered advances 1,067-979 among the 2,401 issues traded last week. Weekly big Board volume totalled 1,013,162,780 shares up from 777,863,985 traded a week earlier and from 875,807,080 in the same week a year ago. Spurred by signs of an improving Economy the Stock Market rebounded from an Early sell off in Active trading monday and helped the Dow close above 3,400 for the first time in Wall streets history. The Dow gained 16.33 to 3,413.21, surpassing the record of 3,398.43 set May 28. Stocks retreated in Choppy trading tuesday As investors viewed the latest economic news As uninspiring and took profit pulling the Dow Down from its record Peak. The Dow dropped 17.11 to 3,396.10. Stocks staged a mild recovery in heavy but Choppy trading wednesday with the help of computer guided buy programs. The Dow advanced 10.89 to 3,406.99. The key barometer ended in positive territory with the Aid of its Oil and Auto components. Stocks slipped in heavy but Choppy trading thursday As investors turned cautious and took profits ahead of fridays key employment report. The Dow gave Back 7.26 to 3399.73. Stocks closed with slim losses in Active but Choppy trading Friday after computer guided buy programs helped the Market recover from a sell off following a disappointing employment report which showed that the jobless rate climbed from 7.2 percent in april to 7.5 percent in May. The Dow Slid 1.04 to 3,398.69. The key barometer bounced Back front an earlier deficit of More than 25 Points. On the trading floor last week Bristol Myers Squibb co. Topped the big Board actives dropping 65a to 653/4. Auto stocks rallied last week on better than expected car sales in late May. Volume of nose listed issues including trades in stocks on regional exchanges and in the Over the counter Market totalled 1,239,570,420 shares compared with 957,562,385 traded in the previous session and 1,067,153,620 a year ago. On the american Stock Exchange the amex Market value Index eased 0.02 to close Friday at 397.16, but gained 0.07 Point for the week. Declines led advances 454-383 among the 1,038 issues traded for the week. Amex volume totalled 57,089,985, compared with 58,282,225 shares a week earlier and with 69,594,935 in the same week a new York Exchange new York Dpi York Stock Exchange a Tho 15 most Active stocks in new composite trading on Friday. Stock Salei lest Nat chg. Santa be Palf 9,822.500 123k unch Reebok inti Ltd 3,999.200 23 v5 Oft 2 a Walt Olney co 3,983,100 36vk Oft a a general motors 3,199.900 44 up 3k first Chicago 2,872.400 34 up 13k Bristol yet so 2,793,700 65 Vuk up a Chrysler corp Merck a co inc 2,033,200 20 off Vuk 1.971,600 49 Vuk off Vuk Amer express co 1,919.500 233k of 3k Saatchi Saatchi 1.844,900 1vk unch syntax corp 1,814,600 353k Oft Vuk Bank of Boston 1,784,800 245k up Vuk Philip Morris 1,778.900 743k off Ink Rwjr Nabisco hid 1,622,100 9vk unch ism corp 1,543,200 90w up 13k american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading Friday Slock sales last net chg. Worthen banking 1.350.200 203k up 3k pall corp 735.200 25vk up 1 Vuk carnival cruise 715,100 30 up Vuk inti Corona 378.600 4vk unch Hasbro inc 206.700 ?83k off Vuk Nabors Industry 177,100 7v5 up it o Brien Energy Bolar pharm co 175.800 43k off Vuk 160,400 13 up Vuk Gundle Environ 160.300 11 off Vuk magma Copper co 156.800 13v5 off Vuk Dow Jones new York up Dow Jones closing Range of averages Friday 30 industrials 20 transport 15 Neil Les 65 stocks my 3124 61 1395 18 21251 1208 44 Lew 3356 96 1372 94 2iooo 1187 35 Cloae 3398 69 1387 89 211 38 1200 55 change Oft 1 04 up 10 83 i0 13 up 2 81 year ago. International Corona corp. Led the amex actives inching up a to 4vc the National association of securities dealers composite Index fell 2.83 to 585.43 on Friday but gained 0.12 Point for the week