European Stars and Stripes (Newspaper) - June 12, 1992, Darmstadt, Hesse Friday june 12, 1992 the stars and stripes b Page 17money matters following the Oldsmobile Edge plan Mitsubishi has expanded its after Sale service program hoping Loyal. The new triple Diamond con to keep customers Vierge service offers owners of 1992 Mitsubishi diamantes Mon Teros and 3000gts a free Loaner vehicle when warranty related service is required and continues to provide an 800 number for free emergency Road service. The Deal is Good for three years or 36,000 Miles whichever comes first. A while our new loan vehicle program was developed specifically for our top line models the service is part of a larger umbrella that gives buyers. Comprehensive customer support a said Tom Benson vice president of service and customer management for the japanese based car maker a . Headquarters in Cypress Calif. Conversion rates following Are fixed rates at which Community banking facilities will sell foreign currencies to . Personnel for personal use through Friday Gorman Mark.1.55 Bra blah Pound. 1.88 dutch Guilder. 1.74 Graa drachma. 187.788 note Tow my above apply within the Hoet country. Figures Are expressed in dollars to the British Pound other currencies to the Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies italian lira. 1,204.23 turkish lira. Lessi Eumma Spanish peseta. 100.18 portuguese escudo a Meems Mia 132.12 austrian Schilling. 11.1050 saudi . Bahrain Dinar. A Kuwait Dinar. A norwegian Krona. 6.22 Danalah Krone. 6.134 Bra blah Pound. A asst Imam 1.8399 Gorman Mark. 1.5795 Swiss franc.1.4340 French franc. 5.3585 dutch Guilder. 1.7768 belgian franc. 32.52 Gold quota 8338.50 an ounce Sliver quote 84.07 an ounce new York Exchange new York up1 York Stock exc ant stack Tsonos do my Browning Farris Citicorp Brt stot Myersq Abbott labs inc Amerada Hass co Chrysler corp inc financial and Elk press co is neral motors Merck i co inc ism corp Philip Morris Uniss corp a the 15 most Active stocks in new composite trading on wednesday. Mss us to not pkg 10.551.500 51 4 5.540.300 20 v. 3.798.500 19 4 3.099.000 62 4 2.977.500 27 i 2.466.300 45 v. 2.291.600 20 4 2,239,800 12 4 2.221.200 57 1,910,700 24 4 1.900.200 43 4 1.637.600 48 1.783.400 90 4 1.774.000 72 4 1.760.400 64 0ff24 off up 4 off 1 4 off 4 up 4 off 4 up 1 4 off 14 up 4 up 4 off 4 off 4 off 14 0fl4 american Exchange new York at american Stock b stack Wano Labi inc b Ala corp instrument sys exp Rabi co la Elan corp pc Echo Bay mints Urban towns Chambers Dev a Pitt corp Western digital a the 10 most act docks the Ngo composite trading Wod woiday. Sates lad the taif. 403,600 34 off 4 322,300 434 0 114 309,200 54 off 4 300,500 14 unch 296,300 414 off 4 270,800 6 Undi 261,800 64 off 4 237,200 74 off 4 202,300 244 Isi 188.100 44 Dow Jones new York up Dow Jens Cleft map u 3285 30 Mufti 20 tramp 15uftttn 15 stocks 332891 334122 Emser 136186 133103 1335.01 it 25.78 214.78 21119 21145 it 144 1194.03 117188 11772 it 11.7 houses easiest to buy in South and Midwest Trade group says Washington apr southerners saw the value of houses grow fastest in the first Quarter of 1992, a Survey said wednesday but houses sold in the South and the Midwest still were the most affordable. The Northeast and the West particularly California continued to be the least affordable regions to buy houses according to the housing Opportunity Index released by the National association of Home builders. The Index represents the percentage of houses sold that could have been bought at prevailing interest rates by a family earning the areas median income. It does not consider rentals or other housing costs. Manchester ., was considered the nations most affordable metropolitan area in which to buy a House from january through March. It had a rating of 90.6 percent. The most affordable areas in other regions were Saginaw Bay City Mich., in the Midwest 89.3 percent Brazoria Texas in the South 87.9 percent and Greeley colo., in the West 80.9 percent. San Francisco in the West remained the least affordable area with a 9.3 percent rating. In other regions the least affordable markets were the Aurora Elgin suburbs of Chicago in the Midwest 60.9 percent the Wilmington del., metropolitan area in the South 55.1 percent and new York in the Northeast 14.5 percent. The Survey including 325,519 sales of new and previously owned houses in 169 markets showed prices rising fastest in the South. Thirteen of 51 metropolitan areas there seven of them in Florida posted Price hikes of More than 10 percent Over the same Quarter of 1991. Only two areas registered declines though the Region had three of the 25 most affordable areas in the nation. The Midwest experienced Price increases of More than 10 percent in five of 37 metropolitan areas and decreases in four others. It had 19 of the 25 most affordable areas. In the Northeast House prices were up More than 10 percent in four of 42 areas. Prices fell in 15 areas but the Region still had six of the 25 least affordable markets. Prices Rose More than 10 percent in eight of 39 areas in the West and fell in seven. The West had the other 19 least affordable areas and was the Only Region unable to place an area on the 25 most affordable list. Manchester a 90.6 percent Index rating was up from 83.5 percent in the fourth Quarter when it was ranked the 21st most affordable Market. Manchester also recorded a 14.7 percent decline in the median House Price from the previous Quarter the steepest of any Market in the nation. A housing affordability increased in the Manchester area in the first Quarter of 1992 because the bulk of Home sales occurred primarily in lower priced Homes a said Robert Buchert the association president. A a the higher end of the housing Market remained sluggish due to the recession in the in Manchester the median Price of a House was $87,000 the median income was $46,600. House of for dub Lily 1 i Here Are the 25 most affordable and 25 least i affordable . Markets to buy a House in the first Quarter of 1992. Most affordable Manchester Omaha neb. Saginaw Rockford Iii. Bay City Mich. Grand rapids Mich. Lansing East Daytona Beach Fla. Lansing Mich. Detroit Elkhart Goshen ind. Minneapolis St. Paul Brazoria. Texas Peoria Iii. Amarillo Texas Youngstown Lincoln neb. Warren Ohio Jackson Mich. Toledo Ohio Kansas City Milwaukee Des Moines Iowa Kalamazoo Mich. Nashua Sioux Falls . Lorain Elyria Ohio Binghamton . Least affordable san Francisco Santa Barbara Santa Cruz Calif. Lompoc Calif. Los Angeles san Jose Calif. Long Beach Oakland Calif. New York Merced Calif. Oxnard Ventura Calif. Stamford Conn. Salinas Seaside Modesto Calif. Monterey Calif. Sacramento Calif. Santa Rosa Riverside Petaluma Calif. San Bernardino Calif. San Diego Jersey City . Anaheim Chico Calif. Santa Ana Calif. Newark Stockton Calif. Redding Calif. Vallejo Fairfield Nassau Suffolk . Napa Calif. Bergen Passaic . Source National association of Home builders Sas British airways grudgingly joins Sale new York a British airways on wednesday became the latest Carrier to reluctantly match a trans Atlantic fare Sale for business travellers begun by Delta air lines. A we tried to hold out As Long As we could. But we had to file to protect our competitive position at the various . Gateway cities where we were competing a said John Lampl a British airways spokesman. The Sale cuts first class business class and full coach fares by 10 percent to 45 percent this summer. Business travellers pay far More than Leisure travellers who tend to use discount tickets that require Advance Purchase. Advance Purchase tickets Are not included in the Sale announced monday night by Delta. British airways like other competitors that matched the Sale prices said it fears that the Deal will Cost it Money. Others Matching the Sale prices included american airlines United airlines Lufthansa us air Continental airlines and Northwest airlines. Trans world airlines which Cut its business fares last year said Delta appeared to have matched twas lower fares after losing traffic to Twa. Former Drexel employee convicted Over gratuity new York apr a Federal jury late wednesday acquitted Alan Rosenthal of the most serious charges against him but it convicted the former Drexel Burnham Lambert inc. Employee of one lesser charge. The trial of Rosenthal former head of convertible Bond trading at Drexel a High yield Bond department was notable for the testimony of his one time Boss sex financier Michael Milken. The jury which deliberated Over two Days found Rosenthal guilty of offering a gratuity in connection with a pension plan investment. But it cleared him of charges including conspiracy securities fraud mail fraud and embezzlement. Rosenthal faces a maximum term of three years and a $250,000 Fine for his conviction. No Date was set for his sentencing. His attorney Peter Fleming declined to comment on an Appeal. Milken testified for the prosecution in Hopes of reducing his own 10-year prison term for illegal securities transactions he carried out in Drax Els junk Bond operation. State to charge Sears with Auto repair fraud by the los Angeles times los Angeles a officials of the California department of consumer affairs said wednesday they will seek revocation of Sears Roebuck amp License to perform automobile repairs in the state charging the nations second largest retail Chain with systematically bilking Consumers. The move could put Sears out of the Auto repair business in California where it runs 70 automotive repair centers and is the largest operator of Auto shops. Nationwide Sears Auto service and parts sales Are estimated at More than $3 billion a year. The department said the action follows an 18-month undercover investigation a the largest Ever by the Agency a into repair practices at 33 Sears Auto centers in California
