European Stars and Stripes (Newspaper) - November 12, 1992, Darmstadt, Hesse                                12 b the stars and stripes Money matters thursday november 12,1992 today s rates following Are fixed rates at which Community banking and credit Union facilities Wilt sell for sign currencies to . Personnel for personal use Gorman Mark. 1.55 British Pound.1.55 dutch Guilder 1.75 Graak drachma 199.4146 not Thratta at ova apply off Hon tha boat country. Fig urea Ara Asp Ratard m Dollar to the Brit Lah Pound Ofchar Cunan daa to tha Donar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies itallonllrt.1,362.50 turkish lira.0,096.90 Spanish passta.113.51 Poilu guava Scudo .140.99 austrian schilling.11.155 saudi rial.3.7495 Bahrain Dinar.0.37675 Kuwait Dinar. 0.2977 Nof Pagtan krona.6.455 danish Krona .6.078 British Pound.1.5283 Dorman Mark. 1.5850 Swiss franc.1.4305 Franth franc .5.3546 dutch guilder.1.7843 belgian  Canadian Dollar.1.2658 note figure an expressed in dollars to tha British Pound other currencies to tha Dollar Gold quota $331.50 an Tunoa Silver quote 7 an ounce new York Exchange new York up York Stock exc Noa stack Pachfl corp Citicorp Merck a co inc pm com diagnose pc inc Calafonos do or limited toe Amor express co wan Disney co storage techno ship Morris general motors Duke Power co atm company Home St mining a tin is most Acrivi stocks in new compute Riding on tuesday tales Ltd Nat Fig. 2.749.500 19ft up 1 2,344,700 17ft up it 2,297.000 42ft up it 2,107.100 65ft off 1ft 2,139.000 10ft up 1 off it 2,024,300 52ft 1,902,400 23ft off it 7,010,900 21ft up it 1,733,400 41ft up it off it 1,723,300 23ft 1,639,700 77 it up it off it 1,617,200 30ft 1,609,100 35ft up it off it 1,582,100 44ft 1,515,500 10ft off it american Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading tuesday. Stack sues last it Tom. Iva corp 665,300 34 it up 1ft epitome inc 494,700 24 it up it  Corn 480,700 3 up it Pegasus Gold 428,500 13ft off Horn a Hardin 390,900 2 5-16 off 3-16 us Bio science 371,400 9ft off it sulcus computer 365,400 9h off it greyhound lines 357,300 10ft up it Jan Ball Molg 330.700 21ft up it Echo 6ay mines 306,700 4ft off it c Dow Jones new York up a Dow Jones closing Range of averages tuesday 30 industrials 20 transport 15 utilities 65 stocks High 3266.15 1399 25 21670 1181.50 Low 3212.50 1373 66 213.88 1161.65 Cloae change 3225.47 off 15.40 1385,15 off 2.21 215 26 off 0.64 1168.32 off 4.36 moves card Bill scams Washington a the Federal Trade commission put credit card processing companies on notice tuesday that they i have trouble with the government if they knowingly handle Sham transactions. The move comes in a Case involving Citicorp credit services inc., which handled paperwork for merchants who sold goods and services to people paying by credit card. The Etc regulators said Citicorp should have known something was amiss with one of its clients bankcard travel club because of the transactions it processed. A Quarter of the club s credit card business resulted in a charge backs Quot meaning a customer asked that a charge be taken off a credit card and charged Back to the merchant. That figure was 20 times higher than the Industry average the Etc said. Following a 1987 investigation by the Etc bankcard travel returned $2 million to people who complained that they had been victims of deceptive Billing. The it cd a investigation of Citicorp credit services led to an agreement announced tuesday that the company would improve its monitoring of clients. The Case is not an admission of guilt and the Issue is moot because the company sold its credit card processing service in june. But Barry Cutler head of the it cd a consumer Protection Bureau said the Case is significant. A this is the first time we be gone after a credit card processor for continuing to process credit card transactions even though they should have known there child care company files bankruptcy plan Montgomery Ala. A the nations largest child care company plans to continue baby sitting As usual despite a bankrupts plan that would give creditors most of its Stock. Kinder care learning centers inc. Filed for chapter u bankruptcy Protection tuesday saying creditors have tentatively accepted a plan for it to stay in business. Kinder care spokesman Alan Bromley said that he expects the company a 1,250 centers in 39 states to continue operating and that the 25,000 employees will be paid in full and on time. A file Sparks Fly from an automated welding unit at a Honda of America Plant in Ohio Honda in . Marks 1st decade Columbus Ohio a ten years ago Industry analysts wondered whether americans would buy japanese cars made by american workers. The Days of wondering Are Long gone. On wednesday Honda of America marked a decade of building cars in the United slates after putting us stamp on the Way . Automakers make and sell cars. Honda was the first japanese company to make cars in the United states. Its cars have sold Well since the company started in the United Stales in 1982 a with 350 employees who turned out accords in Marysville about 10 Miles Northwest of Columbus Ohio. While 55,300 hondas were made in the first full year of production about 452,000 rolled off Assembly lines last year. Rather than Selling Carbon copies of its cars made in Japan Honda redesigned them for the . Market providing More room and better performance than their japanese versions. Honda has become the fourth largest automaker in the United states the Accord has become the no. 1 Selling car in the country and the top . Export to Japan. The company a . Work Force has also grown. There Are now 10 200 workers at four plants in Ohio a two m Marysville and others in Anna and Hast it berth. Was a problem a Cutler said. The settlement requires any future credit card processing by Citicorp credit services to include a monthly Check of the charge Back rate of each of its merchants. Scam operators like to get their victims to charge a product or service to their credit card in part because the Deal can be done Over the Telephone and in part because the operator knows he will be paid by the credit card company and Many people will not contest the charge when it appears on their Bill even though they May know they have been cheated. Some victims do bring challenges and can have the charge removed from their Bill. That is a charge Back because the amount of the transaction is charged Back to the business where the transaction originated. Bankers urge Clinton to Rush a amp a cleanup san Diego apr savings institution executives want president elect Clinton and the democratic Congress to finish the a amp a cleanup quickly. A with the presidency Ana the Congress in the same political party there s very Little reason Why some things  Start to happen a said James Montgomery chairman of great Western Bank in los Angeles. Industry executives said one of Clinton a first tasks should be to ask for taxpayer Money to shut failed thrifts a program suspended since april for Lack of funds. President Bush has spent $88 billion to close and dismantle More than 650 insolvent institutions but his regulators said $42 billion More is needed. It would be spent on the 70 institutions that have been seized by the government but not yet handled and the 100 More a amp is expected to lapse into insolvency Over the next two years. Before the election Congress walked at voting for the Money and Bush was not willing to push for it. Now that the election is Over Clinton should have an easier time the executives said. But on the stump Clinton confined most of his comments on the Issue to criticizing Bush for the cleanup s Cost. He said Little about what he would do instead except to suggest that $600-an-hour lawyers fees that cropped up during the cleanup should be  Leonard Gudelski president of Hudson City savings Bank in Par Amus Njo a said i just done to think it s going to be a big Issue. And i done to think Clinton a going to have to fight hard to get it out of Congress either i think Congress knows its got to get it done.�?�. When Clinton turns to the larger Job a reviving the Economy a key part of by program probably will be aimed at boost my housing executives said. As Home mortgage tenders the a amp a Industry stands to  if you look Back Over the last eight years the Federal government has kind of Wing its hand of housing. If that changes thin there can be a lot of things done a said lows Stadler senior vice president of Secundy Bank in Milwaukee. J because Clinton faces an annual Bun get deficit of $300 billion or More to country May Well be forced to turn to Pri vate lenders such ass amp is rather than w look to government financed program the executives said