European Stars and Stripes (Newspaper) - June 17, 1992, Darmstadt, Hesse                                Wednesday june 17, 1992 the stars and stripes a Page 19money matter conversion rates following Are fixed rates at which Community banking facilities wiil sell foreign currencies to . Personnel for personal use through wednesday German mark.1.53 British pound.1.90 dutch gulldar.1.73 Graa drachma .185.9213 note the rates above apply within the Host 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.1,191.60 Turkla lira.6865.90 Span Lah Patata  99.29 Portu Auvaa Acudo  130.80 austrian schilling.11.0860 saudi rial.3.7501 Bahrain dinar.0.37675 Kuwait dinar.0.2897 norwegian krone.6.1660 Danalah krone.6.0645 by Tylah pound.1.8520 German mark.1.5750 swlaafrane.1.4190 French franc.5.3065 dutch guilder.1.7767 belgian franc.32.45 Gold quote $342.15 an ounce Silver quote $4.11 an ounce new York Exchange new York up a York Stock Exchange Stock Tel Fonos de my Monsanto co Philip Morris Abbott labs inc Bristol Myersq toys r us inc ism corp coca cola co Gene tech inc Uniss corp Santa is pacify Citicorp general motors limited inc Pepsico inc the is most Active stocks in new composite trading on monday. Sales last net chg. 3.701.900 so off 1ft 2.484.800 54 off 5 2.157.900 73. Off 1ft 2.034.300 27ft off it 1.913.100 64 up it 1.890.100 34ft up it 1,872,700 94ft up 1ft 1.747.900 42 off it 1.578.800 30ft up 2ft 1.418.300 8ft off it 1,273,200 12ft up it 1.259.900 20ft unch 1.167.100 43ft up it 1,153,000 22ft up it 1.143.800 35ft off of american Exchange new York it up american Stock to Xinai Stock Gulf cd re secs Echo Bay mines Wang labs inc b Pali com fruit of loom Hasbro inc bid Corona Omi corp Alz corp epitome inc a it 10 mom Active stocks in nos composite trading monday. Sain lest not Cim. 1,001,600 6 off 2ft 569,100 6ft up it 390,200 3ft off it 285,300 25ft off it 282,500 32ft off it 268,700 28ft off it 235,500 4ft up it 231,600 5ft unch 218,600 43ft up it 211,700 17 up 1 Dow Jones non York up a now Jones doling Range of averages monday a a High Lew Clou change 3371.75 3327.08 3354.90 up 0.54 1356 32 1329.22 1343.80 off 2.43 216 20 213.01 215.32 up 1.25 1190.75 1172.21 1183.39 up 0.46 30 industrials 20 transport 15 utilities 65 Stock vehicle sales up Detroit a sales of North american made cars and Light trucks Rose 4.2 percent in Early june picking up momentum As Consumers grew More confident about the Economy. The Advance was due to an 11.4 percent jump in truck sales which offset a 0.2 percent drop in car sales Between june 1-10. This was the third consecutive 10-Day period in which vehicle sales exceeded year earlier Levels. Lack of buyers forces delay in building of super jumbo St. Louis a Mcdonnell Douglas corp. Said monday it has postponed plans to Start building a new super Lumbo Jet until next year because it can t find buyers. The airline Industry a financial troubles have forced spending cuts at the major carriers and made it More difficult to sell the four engine md-12, which could hold More than 600 passengers. A what we re doing is simply recognizing the reality of the marketplace a com amp any spokesman John Thom said in Long each Calif. The worlds third largest aircraft maker a major military supplier Hopes the md-12 will revitalize its commercial business. But by the time deliveries begin a roughly five years from the Start of construction a it probably will be competing with three other new jumbo jets two from the Boeing co., based in Seattle and one from Airbus industries the european aircraft consortium. The company is still trying to assemble financing to develop the md-12. It had hoped to sell Taiwan aerospace corp. A $2 billion stake in its commercial plane operations to help defray the $4 billion Cost of the md-12 project. But last month the taiwanese group floated a toned Down offer to buy 20 md-12s instead and said that the Sale would depend on Mcdonnell Douglas getting orders for at least 30 of the aircraft. Thom said the company was still in discussions with the taiwanese and other potential partners. The company also has been studying ways to Cut costs in its commercial aircraft business possibly with As Many As 3,000 More layoffs t Hom said. Douglas employs about 36,000 people most in California. Earlier this month the company announced it was phasing out a factory in Torrance Calif., by sometime in 1993, leaving 2,000 workers jobless. Bankruptcy filings hit quarterly High Washington up a record 252,733 individuals and businesses filed for Protection under . Bankruptcy Laws during the first three months of 1992, the american bankruptcy Institute said monday. The Abi obtained the numbers from . Bankruptcy courts and said the filings for the first Quarter represent a 9.5 percent increase Over the same Quarter last year. Business filings for the first Quarter of 1992 totalled 18,760. Non business or individual filings totalled 233,973. The sum is a record for any three month period Ever the Abi said. . Bankruptcy courts arc already dangerously overloaded and this record number of filings will Only increase the pressure on an overburdened judiciary a said Sam Gordano executive director of the Abi. A the continued upward spiral of filings will wreak havoc in both the Legal system and in the credit markets a he said. The 10 states with the highest increases of filings in the first Quarter of 1992 As compared with the first Quarter of 1991 were Delaware Maryland Connecticut new York Vermont Hawaii Rhode Island California West Virginia and Florida. The Abi is a Washington based organization that provides the Public with research and analysis of matters of insolvency. Suit expanded against american express new York a shareholders of american express co. Filed an amended suit against the financial services giant monday for allegedly squandering Money and mismanaging the company in its Effort to defame International financier Edmond j. Safra. The suit filed in Federal court for the Southern District in Manhattan names 24 defendants including american express chairman and chief executive James d. Robinson Iii and other key employees and directors. The suit charges the company was a caused to spend millions of dollars in salaries bonuses and expense reimbursements to the corporate employees who facilitated the disinformation Campaign against  because of these alleged misdeeds the suit said the image and reputation As Well As the financial condition of american express and its brokerage unit Shearson Lynman Hutton inc., have been a severely  the suit is an expanded version of a lawsuit filed by shareholders about a year ago following publication of an article in the Wall Street journal about attempts by american express to discredit  urged to press for most favored status Washington up a president Bush met monday with albanian president Sali Berisha and presented the albanian Leader with the pen that he had used to sign an agreement to Accord most favored nation Trade status for Albania. The agreement has been sent to Congress for approval. In his remarks during a picture taking session Bush urged Berisha to up to Congress. And encourage them to push Forward with the request. A i have just signed the agreement and we want to push Forward on these preferences a said Bush. A i done to think there will be any  in return the albanian Leader told Bush that he appreciated . Statements and support of United nations sanctions against Yugoslavia that he said helped to a slow Down the fighting. When he emerged from the 30-minute meeting with Bush Beri Belsha Sha called it an a historical meet ing. Opening a new Era in relations Between the United states and  Berisha said he had discussed the a economic situation in Albania with Bush and had sought assistance to build up his nations transition from a state controlled Economy to a Market Economy. Berisha did not specify the amount of Aid he was seeking. He also told reporters that Albania strongly supported the embargo against Yugoslavia. Business Heinz has loss in earnings gains in Revenue from year ago from wire reports Pittsburgh a . Heinz co. Said monday that fourth Quarter earnings were $145.7 million or 56 cents a share Down 7 percent from $156.1 million or 58 cents a share last year. Revenue for the fourth Quarter increased to $1.87 billion from $1.84 billion a year ago. The decline in the fourth Quarter earnings primarily was due to pretax restructuring charges in excess of $50 million at both Domestic and overseas locations and increased marketing support Heinz said. The Revenue increase came primarily from increased volume in such items As weight watchers Brand Frozen entrees and desserts Star kist tuna Heinz baby food Heinz Ketchup and from weight watchers meetings Heinz said. The stronger . Dollar Exchange rate adversely impacted sales by 2.1 percent the company said. More complaints against Sears Newark . A new Jersey officials accused Sears Roebuck and  automotive centers monday of recommending unnecessary repairs just Days after similar complaints were lodged in California. State consumer affairs director Emma Byrne said investigators found that on 12 visits to six Sears shops mechanics gave written estimates for a new Battery or alternator a or both a when the car needed Only to have a wire reconnected