European Stars and Stripes (Newspaper) - November 25, 1992, Darmstadt, Hesse                                Wednesday november 25,1992 Money matters the stars and stripes b Page 17abundance of Holiday Birds Means less Strain on Wallet Michael Paccico of seven acres farm in Reading mass., checks Over lines or freshly killed turkeys headed for thanksgiving Holiday tables. Price of Turkey dinner up by 5 cents by the associated press the average Price of a traditional thanksgiving dinner will he about $2.64 a person this year a Nickel More than last year the american farm Bureau federation said. Feeding a thanksgiving dinner of Turkey and All the trimmings plus dessert and a beverage to 10 people will Cost $26.39, the farm Bureau estimated based on a Survey of prices in big and Small cities in 28 states and Washington . The Price of dinner for 10 in 1991 was $25.95 and $28.80 in 1990. The hypothetical meal used for the Survey consisted of Turkey and dressing Sweet potatoes peas Rolls cranberries pumpkin pie with whipped Cream a relish dish milk and Coffee. A today a rates a following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use German mark.1.56 British Pound.1.56 dutch gulldar.1.7s Graa drachma 200.4374 not the rate Bov apply within the Host country. Flour it prom a in Dollar to the British Pound oth a cur Ronda to the Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren cies italian lira .1,391.50 turkish lira.6,219.30 Spanish psssta.115.75 Portu guess pseudo .142.23 austrian schilling.11.239 saudi rial.3.7501 Bahrain Dinar .0.37675 Kuwait dinar.0.299 norwegian Krone .6.54 danish Krone. 6.22 by Leleh Pound.1.5185 germen mark.1.6065 Wlee franc .1.4365 French franc.5.444 dutch guilder.1.8025 belgian franc.32.90 Canadian Dollar.1.2888 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $334.50 an ounce Sliver quote $3.76 an ounce new York Exchange new York up a the 15 most Active stocks in new York Stock Exchange composite trading on monday. Stock sales last net cd Texas utilities. 10,621,500 42v. Up i Westinghouse Elk 7,329,600 12% up 2% general motors 2,523,200 31 unch cml group 2.421,400 29 off 3% Telefoni Suemo 2.397,000 55vi up Lvi ism corp 2,219,400 63 /. Up 1 Gen electric 2,151,500 82vi up 2vi Northeast Litls 2,031,400 26 off i Glaxo holdings 1,877,000 24% off Merck it co inc 1,743,400 45% off % limited inc 1,665,000 25%. Off % Boeing co 1,531,600 35 up. Compaq computer 1,472,600 39v. 0 12% fed dept stores 1,472,000 18% up. Blockbuster ent 1,441,700 17% Oft /. American Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading monday. Stock sales last net chg. Am medical a Keg 637,400 10% up heritage Media 380,800 8 unch Amdahl corp 359,700 7% unch  324,700 8% Oft i Energy service 297,100 1 7-16 unch my shipping inc 277,500 3 off i us Bio science 251,400 9yi off i instrument sys 217,400 5yi off i fruit of loom 207,000 47% off new York times 201.700 27v. Off Vic Dow Jones new York up a Dow Jones closing Range of averages monday High Lew cles change 3gt industrials 3251.13 3196.83 3223.04 off 4.32 20 transport 1379.10 135594 1365.40 up 5.44 15 utilities 219.77 217.58 216.64 oft0.38 65stocks 1175.51 1157.09 1165.54 up0.26grumman merger will Cut 500 jobs new York a citing a declining defense Market the Grumman corp. Announced monday it will merge its aircraft producing group with its space and electronics sector. Grumman will Cut 500 jobs most of them on new Yorkus Long Island As it creates the new aerospace and electronics group said Robert Harwood a company spokesman. The action was taken a was part of a major reorganization to Cut costs and continue to improve Grumman a competitive position a the Bethpage based company said in a statement. By Marybeth Nibley the associated press americans sitting Down to a thanksgiving feast this year May not feel like giving thanks for a stagnant Economy lost jobs or Flat wallets. But at least there a one reason to be grateful cheap turkeys. Turkeys Arentt taking a bigger bite out of paychecks now than they did last year. In Many stores nationwide for keys Are fetching less than a year ago. A record abundance of the Birds at a time when a prolonged surge in Turkey consumption is slackening is benefiting Consumers. A a there a a lot of turkeys around this year a said Lee Christensen Leader of the poultry group in the . Agriculture departments economic research service. There will be an estimated 1.27 billion pounds of Turkey ready for the oven during the final Quarter of this year Christensen said. That is a record up from 1.25 billion pounds in 1991�?Ts fourth Quarter. Demand growth meanwhile has started to taper off. Christensen said this years consumption probably wont exceed the 18 pounds of Turkey eaten per person last year. Still it will be significantly higher than about a decade ago each american Man woman and child ate 101/2 pounds of Turkey in 1980, said the National Turkey federation in res ton a. Once served almost exclusively on holidays mainly thanksgiving Turkey turns up virtually everywhere now from ersatz hot dogs and Frozen enchiladas to the Delicatessen Sandwich counter. Historically derided As a dry stringy fowl Best served drenched in Cranberry sauce Turkey has improved dramatically in image Over the years. Health minded americans who prefer Low fat meats rely on Turkey As a protein source. Food retailers from big supermarket chains to neighbourhood grocers usually offer discounts on turkeys around thanksgiving to attract customers. Price Breaks on turkeys Are almost As closely identified with thanksgiving As the Macy a Parade and College football. A typical Deal rewards shoppers who spend a certain minimum amount with a Turkey Coupon for a Cut rate. The California Chain Ralph a grocery co. Is repeating its a pick your Price policy from last year with Frozen California grown turkeys featured As Low As 19 cents per Pound with a $75 minimum Purchase said Kevin Davis group vice president of sales and merchandising in los Angeles. In Wisconsin fierce Competition has feathers flying. Kohls food stores have offered coupons cutting the Price for turkeys by about 30 cents a Pound. One store in Neenah has promised customers a free Bird with an additional $50 Purchase said Tim Wade the chains vice president of sales and merchandise. Another common marketing tactic is to hand out free turkeys to Ham buyers. Stop in shop supermarkets in the Cleveland area for instance Are giving out coupons Good for a 10 to 12-Pound Butterball free with the Purchase of an Washington a Martin Marietta corp. Said monday that it will Purchase general electric  aerospace business for More than $3 billion to create the worlds largest aerospace electronics company. A the defense budget is clearly declining and the Industry must Consol extra can 6-Pound Boneless smoked Ham. Many retailers actually lose Money on turkeys because they sell them at less than what they pay suppliers. The strategy is to use cheap turkeys As a Hook to lure shoppers who then buy cranberries yams Ana pumpkin pics. A turkeys Are the loss Leader for thanksgiving a said to Natal a spokeswoman for the Wegmann a supermarket Chain based in Rochester . Retail prices around the country generally Are ranging Between 30 cents and 70 cents a Pound for Frozen Birds depending on the specials featured at individual stores. Kosher Frozen turkeys Are running closer to $1 a Pound. Fresh turkeys a the Choice of Many fanciers a sell at a Premium. A random unscientific Survey of food retailers around the country found fresh Birds ranging in Price from about 75 cents a Pound to $1,75 a Pound. What a Good news for Turkey buyers Isnit so Good for the Turkey business. The recent years of steadily rising demand have led to widespread Over pro Date Quot said Norman r. Augustine chief executive and chairman of Martin Marietta. A the companies that do consolidate Early will be the survivors. A there is room for Strong survivors. There is no room for weak  general electric will receive Cash and auction which depressed prices and forced some major Turkey producing states such As California to curb output. Small Farmers arc faring poorly in some areas. Earl Andersen owner of Belknap farm in Brookfield n.h., said that his sales Are off by about 25 percent and that he May have to kill any Birds left Over after Christmas. A a there a no Point in feeding Birds you have no Market for a Andersen said. A a it a not a pretty picture in a looking at  at the Lee Turkey farm just West of Hightstown n.j., Ronny Lee May have come up with a new economic indicator Turkey weight. There May be a correlation Between consumer preferences in Turkey size and consumer Confidence in the Economy. A during the Reagan administration when everybody was making lots of Money 25 to 30 pounds was the big size. This year in a seeing 18 to 20 pounds Quot Lee said. A people Are just a Little cautious i guess but its not As bad As during the Carter years when the farms average thanksgiving Turkey was Only 15 or 16 pounds. $1 billion in convertible preferred Stock in Martin Marietta. The Bethesda  company will expand its Board of directors by two members to be nominated by be and supported by Martin Marietta a management. The two companies however characterized the Deal As a merger. Martin Marietta to buy be aerospace