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Publication: European Stars and Stripes Thursday, November 26, 1992

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     European Stars and Stripes (Newspaper) - November 26, 1992, Darmstadt, Hesse                                Page 12 b the stars and stripes Money matters thursday november 26,1992�? today s Bates following Are fixed Rales at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use Clori Nikii Affif talc a a Iii Iii 155 British Pound. 1.56 dutch Guilder .1.74 a risk drachma 200.4374 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 .1,376.00 turkish lira.8,221.10 Spanish ptseta.114.45 portuguese escudo.141.05 austrian schilling.11.225 saudi rial.3.7405 Bahrain dinar.0.37675 Kuwait dinar.0.2991 Norw Aglan krona.6.50 danish krone.6.1625 British Pound.1.5240 Gorman mark.1.5680 Swiss franc .1.4305 French franc .5.39 dutch Guilder 1.7895 belgian franc.32.72 Canadian Dollar.1.2831 note figures Ere expressed in dollars to the British Pound other currencies to the Dollar Gold quote $334.50 an ounce Silver quote $3.76 an ounce r new York Exchange new York up a the is most Active stocks in new York Stock Exchange composite trading on tuesday. Slock Stolse Lett hot chg. Texas utilities 6,959,400 42 is Oft h Westinghouse Al 5,927,400 11 off i Vic Gilano group 4,562.500 3h of i ism Corn 2,047,000 64�?T,i up 1w general motors 2.642,300 31 a up i Tel Fonos of my 2.517,900 55 i unch Gen electric 2.449.bdo 82w up w British petrol 2.428.900 42v, unch Boeing co 2.241,700 34 w off Vuk Meick amp co ivc 1.958.300 4svi of a Chrysler corp 1,949,000 20v, off a Glaxo holdings 1.830,400 24v. Off a i fed dept stores 1,758.600 181. Up i Job Nabisco hid 1.740.300 a 8 i unch aug Emp any 1.744,200 47�?T. Off 1 i. American Exchange 1 new York iupi1 a the to most Active stocks in american Slock Exchange composite trading tuesday Stock sales last net chg. Am medical Iilda 936,400 in a up s Amdahl clip 926.100 0 up w Owens St be 621,100 3 up v. Forest labs in 446,000 43 up t i Jan Bell mtg 299 300 22 k. Up in. Iva corp 285,200 34 ? up v. Chiles of Shore 276,200 1 9-16 up i Echo Bay mines 216.600 4�?Ti off i Usbie science 214.600 9w unch Gay lord can tar 211,400 2 v Oft i Dow Jones new York Ufa a Dow Jones dosing tinge of avenges tuesday High Low clots change m industrials 3277 88 3209 26 3246.70 up 25 66 21 transport 139084 136178 1387 36 up 2 96 15 utilities 220 21 217 08 218 20 of 0 44 go stocks 1186 22 1160 60 1175 88 up t0 3464-passenger sub to make 93 debut Honolulu Istl Allin is submarine. International said tuesday that it will launch the world s largest passenger submarine a 64-passenger 150-ton vessel in Lute 1993. The submarine which will be % feet Long is to operate in Hawaii and will be the fifth in Atlantis hawaiian Fleet it will he 85 percent larger than previous 46-passenger Atlantis models. Atlantis launched the world s first passenger submarine a 2s-passenger s3 million vessel into the Waters off grand Cayman in the Caribbean in 1985. It also operates submarines in St. Thomas Barbados Aruba and Guam. Sales of existing Homes hit highest level in 3 years Washington a sales of previously owned Homes soared 9 percent in october to their highest level in More than three years a real estate Trade group said wednesday. The increase was the biggest in More than six years. Sales improved throughout the nation including double digit gains in both the Midwest and the West. The National association of realtors said sales of existing single family Homes totalled 3.6 million at a seasonally adjusted annual rate up from 3.3 million in september. It was the highest sales level since the rate hit 3.76 million units in december 1988 and the biggest increase since a 9.4 percent jump in april 1986. The association also revised september a sales figures to a 0.3 percent decline compared with the 0.9 percent drop initially estimated. The increase was the first since a 3 percent gain in july. Sales had fallen in five of the 10 months so far a this year including a 1.4 percent decline in August. Still the sales were 6.5 percent higher than during the same period of 1991, when the housing Industry was struggling to emerge from its recession. The association forecast that sales will total 3.42 million this year up from 3.22 million last year. Upward revision in growth report forecast Washington a George Bush is due for some of the Beer Eccl nomic news of his presidency after being denied a second term. Three weeks after the election the Commerce department is updating its estimate of Overall economic growth for the july september Quarter. In Advance analysts were virtually unanimous in predicting a Small increase Over a preliminary report showing the Gross Domestic product grew at a seasonally adjusted annual rate of 2.7 percent. The Gap is the sum of All goods and services produced in the United slates. They were expecting a revised increase of about 3 percent. If that proves accurate the last full Quarter before the election will record the Best growth since Januatymarch-1989, the first Quarter of the Bush presidency. The revision made on the basis of More Complete data should put to rest criticism that the original report which had been expected to be much weaker represented an attempt by the administration to Cook the books before the nov. 3 election. Quot economists now concede the report was on target. Information reported recently on sectors ranging from factory orders to retail sales to International Trade indicate More strength than originally detected. The group attributed the october jump to improved consumer Confidence and to mortgage rates that averaged 8.09 percent up slightly from 7.92 percent a month earlier but Well below the 9.75 percent High in 1991. William s. Chee the associations president said that because of the improved Confidence Consumers Are More willing to take on additional debt and make Quot big tickets purchases such As Homes. Quot we re seeing More people entering the Market at a time of the year when sales generally Start to dwindle a Chee said. Quot very Likely there is some pent up demand that built up while buyers stayed on the  the association said the median Price of a Home was $104,100 in october up 0.7 percent from september. The median Means half of the Homes Cost More and half Cost less. Grateful dead earning a capital living by the Baltimore Sun new York flipping through the pages of clix Magazine a Rock a no Roll newcomer could be forgiven for thinking the grateful dead was a Star consumer products division of a Large company called classic Rock. In fact the san Francisco based Rock group Sells products on every other Page of the Rock Magazine. Through licensed businesses or the groups own merchandising division fans can order through the mail downhill skis menus ties dolls backpacks books videos comic books and equipment for perhaps the least Likely of Deadhead sports Golf Quot the interest in the grateful dead is phenomenal. Its like a part of american history that people want to have a said Tim Petrick vice president of Lunatic fringe a subsidiary of Anthony industries inc., a $375 million company that specializes in recreational products. Although grateful dead products have been available for years the band has branched out Over the past two years into new territory for a music group today the group that defined the spirit of counterculture America through songs such As trucking and Box of ruin is at the Center of a multimillion Dollar Industry going far beyond the usual concert to shirts posters and pins. Rather than the ubiquitous tie dyed shirts sold by deadheads following the group around the country the band might soon be better known for the colourful neckties designed by hand Leader Jerry Garcia which sell in pricey Midtown Manhattan boutiques. The downhill skis Are made by be tricks company which also makes skateboards surfboards and other Quot Gravity sports products. Last year Lunatic fringe sold 1,700 pairs of skis named and decorated after the grateful dead song dark Star. It currently features a line called Panther dream. Other products include s350 snowboards and another series of skis planned guitars Mnger Jerry Garcia performing in this 1989 photo has seen his enterprising band the grateful dead go from cult status to superstar Billing. For next year called american Beauty after one of the bands albums. Also in the works Are Wake boards which Are simply big Flat boards towed behind a Motorboat. But unlike Many acts the dead is starting to put an environmental spin on some of their sales. The Panther dream skis will earn $60,00 1 for several development projects aimed at preserving rain forests. Petrick said. The snowboards will also contribute with 5 percent of sales going to the Forest project. A a in be been interested in the environment for a Long time especially biodiversity. Anyone with much intelligence these Days is aware that our planet is in big trouble a grateful dead Singer Bob Weir said. The 1,500 skis Cost $500 a pair with a percentage of the sales going to the projects  
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