European Stars and Stripes (Newspaper) - June 18, 1992, Darmstadt, Hesse                                Thursday june 18, 1992 the stars and stripes c Page 15money matters following arc fixed rates at which Community banking facilities will sell foreign currencies to . Personnel for personal use through today a and Friday where Money markets will be closed today in Observance of Corpus Christi German Mark.1.53 British pound.1.91 dutch guilder.1.73 greek drachma 185.659 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 Curren pics italian lira.1,191.25 turkish lira.6,857.80 Spanish peseta.98.88 portuguese escudo a a a a a a a a a a is 130.23 austrian schilling.11.0290 saudi rial.3.75 Bahrain dinar.0.37675 Kuwait dinar.0.2895 norwegian krone.6.1270 danish krone.6.0325 British pound.1.8549 German Mark.1.5740 Swiss franc .1.4185 French franc.5.2850 dutch guilder.1.7755 belgian franc.32.33 Gold quote $342.50 an ounce Sliver quote $4.11 an ounce new York Exchange new York up York Stock exc Nangi Stock Tele Ocnos de my Citicorp Philip Morris chrysl Scorp coca cola co Tyco toys inc Glaxo holdings Uniss corp general motors Amor express co Arctic Alaska  Bristol Myersq pm corp Compaq computer american Exchange a die 15 most Active stocks in new i composite trading on tuesday. Sate last net Clig. 3,695,900 48% off 1 3,007,200 20% up 2,621,900 70% off 2% 2,514,300 20% up 2,387,700 40% off % 2,196,500 18 off 2 2,172,600 26% up off vib 2,082,900 8% 2,040,900 44 up off 2,033,800 23% 2,012,300 11% up 4% 1,960,800 33% of 1,784,200 64 unti 1,705,800 93% off 1.671,100 25 off 2% new York up a the 10 most Active stocks in american Stock Exchange composite trading tuesday. Stock Salas last Nat chg. Nabors Industry 787,800 7 up Banco co Mercia 396,400 15% off Gulf cd re secs 328,300 5% off Tva corp 296,600 24 up chamber Dev a 275,500 7 unch fruit of loom 238,500 32% off % epitome inc 236,800 15% off 1% Forest labs inc 234,900 30% off % pall corp 221,100 25% off % Echo Bay mines 192,300 6% off % Dow Jones new York up now Jones closing Range of overages tuesday High Imi dose Chonge 30 industrials 337897 3321.73 3329.49 off 25. 1 20 transport 1357 81 1334.83 1342.61 off 1.12 15 utilities 216.26 214.07 214.63 off 0.69 65 stocks 1192.59 1173.59 1177.67 05.72 up hearing ordered new York a a judge tuesday ordered a hearing on religious broadcaster Pat Robertson s bid to gain the rights to United press International a name and some other assets. Last week Robertson backed out of a $6 million Deal to buy the Cash starved news service but offered to pay $500,000 for its name and its copyrights its current and historical archives and two photo contracts it holds. Up and its creditors who Are owed $60 million rejected Robertson a lesser offer and up officials said the Agency would have to close if new Money  be found. Robertson filed a motion asking up to accept the lesser bid. A amp a profits hit 6-year High but analysts remain wary Washington a profits at the nations savings and Loans rebounded in the first three months of 1992 to $1.59 billion the highest Quarter for the troubled Industry in six years. The office of Thrift supervision in a report released wednesday said earnings at the 2,064 institutions that have escaped seizure by the government had More than doubled from $610 million a year ago. It was the fifth quarterly profit the office said with More than 90 percent of the institutions reporting earnings. And with the takeover of 700 a amp is since 1989, fewer than 40 a amp is remain on the Agency a expected to Fai list. A the end of the cleanup. Is in sight a Timothy Ryan Thrift office director said in a statement. However the office sharply revised the Industry a earnings for last year to $1.8 billion Down from an estimate of $2 billion. The congressional budget office and private analysts offered a less Rosy View. As Many As 650 a amp is May yet fail said Robert d. Reischauer budget office director adding that Many experts believe the end of the cleanup. Is in sight a Timothy Ryan Thrift office director the Industry cannot be declared healthy until real estate markets recover. A the cleanup of the Thrift crisis is not Over a Reischauer said. A a. Thrifts arc still not As profitable As they once  however he conceded that the Industry data a provide room for guarded optimism about its Long term viability albeit As a much smaller  the two key reasons for the recent improvement the Thrift office said arc a the government seizures of insolvent a amp is since 19s9. A the most favourable interest rate conditions for financial institutions since the 1970s. Private analysts said the supervision Agency appeared to have released a Brief summary of the report a Day earlier in an attempt to put a favourable gloss on it. A from a taxpayer s perspective the fact that 90 percent of the Industry is doing Well is secondary to How the worst 5 or 10 percent Are doing because that a where the threat lies Quot said financial institutions analyst Bert i k of Alexandria a. And economists warned that interest rate conditions underlying the rebound in profits at the top and Middle Levels a s wont last. Few economists expect the Federal Reserve to push interest rates Down by More than another Quarter or half a percentage Point. And As the Economy heats up they expect rates to begin rising. A amp is and Banks have been Able to Cut interest rates paid on deposits much More deeply than rates charged on Loans widening their profit margin. Meanwhile a monthly report released by the Thrift office shows the a amp a Industry is still shrinking rapidly. It had $882.1 billion in assets at the end of March Down 15 percent from a year ago. . Oil production hits 30-year Low by the Washington Post Washington crude Oil production in the United states declined in May to its lowest level in More than 30 years the american Petroleum Institute reported wednesday. The output from . Wells averaged 7.06 million barrels a Day while imports averaged 7.9 million barrels a Day putting the nation Well beyond the 50 percent Mark in its growing dependence on foreign Oil. The Domestic production figure was the lowest since 1961 and reflected a steady downward trend that Oil Industry officials say is irreversible under existing Laws. . Production peaked at 9.6 million barrels a Day in 1970 and was 9.2 million barrels a Day As recently As 1986, according to Energy department and api figures. As output declines from the major Domestic Fields including alaskans Prudhoe Bay the percentage of imports will increase As economic recovery adds to de Mand Industry analysts believe. The drop in Domestic output Cumes As no Surprise to the beleaguered Industry. With most Domestic Fields already Well explored and promising areas offshore and in Alaska placed off limits because of environmental concerns the . Industry has been shrinking for some time. Employment in . Oil and exploration and production for example has fallen by More than half in the past 10 years from a Peak of 754,000 jobs in february 1982 to 356,700 at the end of april according to the labor  Law threatens Nike s olympic plans Madrid Spain apr Spain a Quirky trademark Law is threatening to turn Nike a sponsorship of americans olympic track and Field team into a multimillion Dollar fiasco. Nike inc. Is in the midst of an ugly Legal Battle with a Spanish attorney who owns the Nike name in Spain a registered 60 years ago by a Barcelona sock maker. And with the olympics less than six weeks away and Nike planning to plaster its disputed name on . Athletes uniforms the company and the attorney Juan Amigo Freixas arc playing a multimillion Dollar game of courtroom Chicken. Pressure is building on both sides Nike a sports shoe and apparel company based in Beaverton ore., wants to Clear the matter up before the july 25 opening ceremony while Amigo a who says the athletes can to use the Nike name without his permission a knows his payoff will shrink after the games. Nike a trials Are also symptomatic of Spain a idiosyncratic commercial Laws which have generated an array of cases involving foreign firms that entered the Spanish Market Only to find someone else already owned their world famous brands. Trademark Laws Here Long permitted anyone to Register and renew a name simply by paying a fee even without Ever producing anything. The statutes were changed in 1988 to permit easier challenges to inactive trademarks a in keeping with european Community guidelines a but registrants still Arentt required to prove they have an ongoing business or product when filing an application. If the Brand Isnit used within five years of registration a challenger must sue the trademarks owner who then has three More months to begin using the Mark. In july 1990, Nike was issued a registration for its name and a a swoosh Symbol but two Spanish courts have upheld Amigos earlier trademark. The constitutional court is considering Nike a Appeal. . Industrial output up for fourth month in a Row from wire reports Washington a Industrial production Rose 0.6 per cent in May for the fourth straight monthly increase prodded by gains in automobile manufacturing the Federal Reserve said tuesday. The May gain followed a downwardly revised april increase of 0.4 percent. Industrial production Rose 0.5 per cent in March and 0.5 percent in february hot careers for women listed new York a actuaries chemical engineers ombudsmen and executive recruiters Are some of the hottest careers for women working woman Magazine says. The magazines seventh annual listing of the 25 hottest careers for women picked Fields that can be the most financially rewarding and where women Are less Likely to find a Glass ceiling. The Survey suggested radiology technologists Home health care specialists nurse anaesthetists biotech Saleswoman managed health care managers physical therapists and physicians assistants Are Good bets for the next few years. Women also can write their own tickets As actuaries chemical engineers less than 10 percent Are women theology educators and executive recruiters. The biggest Money is earned by forensic accountants who investigate suspicious insurance claims employment lawyers High technology management consultants telecommunications specialists and Industrial hygienists who identify the hazards of toxic waste radiation and Asbestos the Magazine said