European Stars and Stripes (Newspaper) - December 4, 1992, Darmstadt, Hesse Friday december 4, 1992 Money matters the stars and stripes b Page 17 today a rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use German mark.1.54 British Pound .1.61 dutch guilder.1.73 greek drachma .201.0996 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 .1,396.00 turkish lira .8,252.30 Spanish peseta. 114.30 portuguese escudo.141.42 austrian schilling.11.117 saudi rial.3.7495 Bahrain dinar.0.37675 Kuwait dinar.0.2992 norwegian krone.6.465 danish krone.6.131 British Pound. 1.567 German mark.1.58 Swiss franc.1.41 French franc.5.374 dutch guilder.1.7785 belgian franc.32.55 Canadian Dollar.1.277 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $335.50 an ounce Silver quote $3.77 an ounce new York Exchange new York up a the 15 most Active stocks in new York Stock Exchange composite trading on wednesday. Stock sales last net chg. Uniss corp 6,964,900 10vi up % nation Bank 6,410,900 50 4 on i Texas utilities 4,528,500 41% off % Synte corp 3,753,500 24% up 1% Baker Hughes 3,153,800 18% up % k Mart corp 2,786,500 26 Oft % coca cola co 2,119,200 39% off % Rwjr Nabisco hid 2,054,300 8% unch Walt Disney co 1,965,700 40% unch Ford motor co 1,898,300 42% off Citicorp 1,857,000 18% off % general motors 1,840,900 32% up Glaxo holdings 1,743,700 24% up Union Carbide 1,713,100 16 Oft % Pepsico inc 1,603,100 41% up american Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading wednesday. Stock sales last net chg. Us Bio science 1,321,500 11% Oft % Amdahl corp 1,078,000 7 unch Chiles offshore 1,016,100 17-16 unch Hill Haven corp 1,004,700 3% up 3-16 inter gel comm 660,900 8% up % citizens St be 561,400 4% up Gulf cd re secs 529,400 3 7-16 up % am exploration 453,700 2 off 1-16 Echo Bay mines 453,000 4% up 3-16 fruit of loom 420,800 46 off % Dow Jones i new York up Dow Jones closing Range of averages wednesday High Low close change 30 industrials 3310.84 3265.18 3286.25 off 8.11 20 transport 1441.75 1410.53 1426.85 up 3.03 15 utilities 218.77 216.39 217.39 off 0.81 65 stocks 1202.60 1183.60 1192.79 off 1.47 cafes explains rules on its credit plans Birndorf Germany a amps the army and air Force Exchange service Europe is reminding shoppers during the Christmas season that Only authorized family members can use Exchange credit plans. In a statement from the european Headquarters cafes officials Are telling sponsors that the social Security numbers for All family members should be on the application for them to be eligible for deferred payment Home layaway and uniform clothing payment plans. More information is available from deferred payment plan counters at local exchanges. 9 More pm plants face a Detroit up general motors corp. Thursday announced nine More Plant closings As part of its bid to Cut costs and Shore up its ailing balance Sheet. An has or opera during the past year pm bounced a total of 23 plants. Tons including four Assembly Plant that will discontinue production Over the next few years putting More than 74,000 people out of work. The nine plants Are a Wilmington del., Assembly Plant with 3,500 employees. The Wilmington Plant which produces Chevrolet Corsica and Beretta models will cease operations after the 1996 Model year. A Flint mich., truck Assembly Plant with 4,450 employees. The Flint Plant will continue to assemble Chevrolet and Gumc truck full size vans through the 1995 Model year. A Kalamazoo mich., Metal fabricating Plant with 3,100 employees. It will phase out after the completion of the 1995 Model year. A Syracuse n.y., Inland Fisher guide division component Plant with 1,300 employees. The Syracuse Plant produces a variety of plastic Interior and exterior parts. The Plant will cease operations in the fourth Quarter of 1993. A Euclid Ohio Inland Fisher guide division component Plant with 550 employees. The Plant will cease operations As soon As possible. A Trenton n.j., Inland Fisher guide division component Plant with 2,050 employees. It will cease operations in the fourth Quarter of 1993. A Livonia mich., Delco Chassis division component Plant with 2,000 employees. It will shut Down in the fourth Quarter of 1993. A Sioux City Iowa a Rochester division component Plant with 200 employees is set to phase out by Tlle first half of 1993. X a in the St. Catharines Ontario Complex two facilities arc affected one being closed in 1994, the other being sold. 894640004 8o0aool far. i amp Furlott Only of in Siau a Celedase believed to be the worlds most expensive drug is used to treat gaucher a disease a rare disorder. Way found to Cut High Cost of drug to treat rare illness Boston apr the Cost of a drug that is often called the worlds most expensive Medicine can be slashed by hundreds of thousands of dollars per person by giving smaller doses More frequently a study concludes. Celedase is the Only treatment for gaucher a disease a rare inherited illness most common among descendants of Eastern european jews. V the first year of treatment costs about $380,000 for an adult who gets the recommended dose. Gaucher a disease which afflicts an estimated 20,000 americans results from a genetic defect that interferes with an enzyme needed to break Down a kind of fat. As a result the fats build up in the liver spleen and Bone marrow. Celedase approved last year is very expensive in part because it is extracted in tiny quantities from human placentas. Researchers from the Scripps clinic in la Jolla calif., found that by changing the schedule of doses patients do As Well on one fourth the recommended amount of Medicine. The researchers theorized that because the Medicine disappears quickly from the bloodstream it could be Given More efficiently if split into Many Small doses. The latest study conducted by or. Michael l. Figueroa and others was published in thursdays edition of the new England journal of Medicine. Dod contractor says overpayment has been returned Washington apr defense contractor Mcdonnell Douglas corp. Says it returned a multimillion Dollar overpayment to the government but it Wasny to saying much More wednesday about the incident. The company disclosed the overpayment late last month in a single sentence of its latest quarterly filing with the securities and Exchange commission. A receipt of an unexpected Progress payment at the end of the third Quarter which was subsequently repaid significantly affected the Cash balance at Quarter end a Mcdonnell Douglas said in its third Quarter filing. By Law All companies who sell their Stock to the Public must disclose with the Sec any pertinent developments that could affect their finances. Pete Sloan a company spokesman said the payment concerned a a missile system but said he could elaborate no further. The St. Louis based company also would not say How much the mistaken payment was How it was discovered or which government Agency paid it. Mcdonnell Douglas said that the Check was sent completely in error and that it returned the Money to the government in Early october. A Pentagon spokesman it. Col. Terry Meehan said wednesday night that he had no information on the Issue. The Washington Post reported wednesday that the timing of the apparent mistake was fortunate for Mcdonnell Douglas because the Money a estimated at Between $150 million and $175 million a was carried on Mcdonnell Douglass balance Sheet for the third Quarter that ended sept. 30. As a result the Post said the a Cash and Cash equivalents category on the Mcdonnell Douglas third Quarter report swelled to $203 million. The newspaper said some Wall Street analysts noted that in the last two years the defense department has repeatedly taken Steps and made statements to try to prop up the financially troubled company. American United to match fare cuts Houston apr american and United said they would match Continental airlines discount of up to 35 percent on Post Holiday fares. The cuts announced wednesday add to an increasingly confused fare picture. Earlier this week a number of big airlines raised All air fares $10 to $30 for travel beginning dec. 9. Continentals Sale fares Are available to most . Destinations during the Early Winter vacation period normally a slow time for the airline Industry. American and United said they would match the offer. Other airlines did no to disclose their intentions immediately. Sale tickets must be bought by dec. 11 for travel Between Jan. 5 and feb. 14. The maximum 35 percent reduction is available Only for midweek travel while weekend fares will be reduced up to 25 percent. For example a round trip flight from Miami to Aspen a Colorado ski resort would Cost $318, compared with $450. A round trip from Denver to new Orleans would Cost $238, Down from $360
