European Stars and Stripes (Newspaper) - December 11, 1992, Darmstadt, Hesse                                Friday december 11, 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.1.60 dutch Guilder.1.73 greek drachma .201.3843 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 .1,405.00 turkish lira .8,297.80 Spanish peseta.113.15 portuguese escudo.141.20 austrian schilling.11.128 saudi rial.3.7501 Bahrain dinar.0.37675 Kuwait dinar.0.29985 norwegian krone.6.77 danish krone.6.1475 British Pound.1.5577 German Mark .1.573 Swiss franc .1.407 French franc .5.3885 dutch Guilder. 1.7735 belgian franc.32.41 Canadian Dollar.1.2717 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $333.75 an ounce Silver quote $3.71 an ounce c new York Exchange new York up York Stock Exchange Stock ism Corn limited inc Chrysler corp Rwjr Nabisco hid Home shopping at amp to company Merck amp co inc general motors Glaxo holdings Schlumberger us surgical Avistar inti Philip Morris Tel Tonos de my Ford motor co the 15 most Active stocks in new composite trading on wednesday. Sales last net chg. 3,602,900 62% off 2% 3,556,400 26% off % 3,354,200 32% 0 1% 3,273,300 9 up % 3,169,600 7% up % 2,589,000 48% up 2,538,400 47va up % 2,068,200 34% off % 2,047,800 25% off % 1,630,300 57% off 1% 1,537,400 71% off 3% 1,522,500 1% off % 1,499,700 81 unch 1,426,500 55% off % 1,401,500 42% off % american Exchange new York up the 10 most Active stocks in american Stock Exchange composite Trad no wednesday. Stock Sain last net chg. Hill Haven corp 1,005,900 3 9-16 up vib Amdahl corp 893,900 7% off Vuk expo rate co la 734,900 1 i up a Echo Bay mines 505,400 4% off 3-16 us bios Clence 440,700 12% up inter gel comm 367,900 8% off % Chambers Dev a 363,900 4% unch Hasbro inc 321,700 33% off is Gaylord Contr 321,500 2v up % Alc common corp 316,000 12% up Vuk Dow Jones new York up a Dow Jones closing Range of averages wednesday High Low close change 30 industrials 3345.42 3295.98 3323.81 up 163 20 transport 1432.08 1406.70 1413.35 off 15.51 15 utilities 219.33 217.08 218.20 off 0.94 65 stocks 1207.28 1189.16 1197.25 off 4.51 Macocco asked to Aid Twa paper reports new York a a decade after leading Chrysler corp. From the Brink of bankruptcy Lee Iacocca is being asked to turn around trans world airlines which is now in bankruptcy the new York times reported thursday. Chrysler spokesman Bud Liebler said Iacocca has received offers to help troubled businesses but he would not confirm that Twa was among them. Iacocca retires As Chrysler chairman at the end of this month. Brian Freeman an investment banker who is financial adviser to the International association of machinists and aerospace workers asked Iacocca to Analyse twas financial plan the l Imes said. Inflation at wholesale level dips first time in 10 months Washington up inflation at the wholesale level Tell in november for the first time in 10 months As plunges in the Cost of vegetables and Home heating Oil helped Overall . Prices fall 0.2 percent the government said thursday. In a separate report the government said the number of claims jobless americans filed for regular unemployment insurance tumbled to a three year Low. Inflation is a Bright spot in the . Economy. The reason it is so Low unfortunately is that the sluggish Economy is dampening consumer spending and preventing merchants from raising their prices. A inflation has been whipped and remains in a deflationary Dungeon a said John Albertine who runs Albertine enterprises economic forecasting firm in Washington. The november slide in Overall wholesale prices was the first monthly decline since january when prices also dipped 0.2 percent. So far in llw2, wholesale prices have gone up at a very Low annual rate of 1.4 percent. Prices advanced a paltry 0.1 percent in october and 0.3 percent in september. Wholesale prices arc what wholesale merchants pay for goods before passing the products Down to retailers for consumer Purchase. The labor department measures wholesale prices with its producer Price Index for finished goods. The gauge is an important indicator of general dynamics Jet fighter Plant in fort Worth Texas a shown in a 1968 photo a is being sold for $1.5 billion. General dynamics Selling Texas Jet Plant to Lockheed Washington up defense contractor general dynamics confronting a shrinking . Military following the end of the cold War is Selling its Jet fighter factory in Texas to rival Lockheed for $1.5 billion. General dynamics corp., holding a joint news conference wednesday with Lockheed corp., said the Sale is necessary to consolidate operations in a changing Industry and promote efficiency. There were no immediate plans for layoffs stemming from a Sale. The Deal subject to Normal government review has been approved by the boards of directors of both Lockheed and general dynamics and is expected to be closed Early next year. A the Industry was sized for the cold War a said William Anders the chief executive officer of Virginia based general dynamics. A the cold War is Over. There a still a need for fighter planes but not a cold War  Daniel Tellep California based Lockheed a chairman said defense spending by the . Government has declined 7 percent in the three years since the collapse of the Berlin Wall Long the Symbol of the chill Between East and West. A a we re closing bases a Tellep said. Tho Industry was so esd for the cold War. The cold War la Over. There a still a Naad for flight or planes but not a cold War Naad a William Anders ceo of general dynamics a a it a painful but its  general dynamics expects to recognize a net gain of approximately $650 million from the transaction involving its fort Worth t exas Plant. Moody a investors service placed Lockheed a debt ratings under review for possible downgrade following the announcement but confirmed general dynamics debt ratings. General dynamics employs about 20,000 at the port Worth Plant. T he Sale announcement said the fort Worth division will retain its present management and work Force. Pressed at the news conference about possible Job cutbacks Tellep said a task Force will be set up to Analyse the situation. The level of prices . Consumers pay for goods. The governments report on the prices Consumers pay for goods will be released today. T he drop in november producer prices comes As the lagging Economy has shown signs of strengthening. It also gives the Federal Reserve Board room to Spur economic growth even More by dropping key interest rates and expanding the Money Supply. Albertine urges the fed to ease interest rates and promote growth even if that results in upward pressure on prices. A the fed must be reminded that americans Are willing to sacrifice some on inflation in order to get jobs and growth a he said. Get Economy off War footing report urges by Jeff Bater up business writer Washington the . Economy must wean itself off cold War military spending and restructure to provide jobs for dislocated workers and make proper use of what could become a $ 150-billion-a-year a a peace dividend a a think tank said tuesday. A the Colin War is Over a said Jeff Faux president of the Liberal economist policy Institute. A a we re still spending much too much on the military  in a report called converting the cold War Economy the Epi recommended creation of a temporary office of economic conversion under the Clinton administration. The office would Craft a policy to restructure . Industry and create work for hundreds of thousands of people who might otherwise lose their jobs As the government gradually decreases military spending Epi said. A this is a litmus test for president elect Clinton a said Ann Markusen a Rutgers University economist who co wrote the study. The think tank noted that the cold War and arms race spurred growth of certain . Industries a notably As aerospace communications and electronics a and put thousands and thousands of people to work. But when the Berlin Wall tumbled a symbolically ending the chill Between East and West a the United states remained stuck with an Economy shaped in part by its opposition to communism. Although some people lost jobs As the Bush administration closed or downsized military bases Epi researchers contend that much of the Economy still operates under such a mind set of yesteryear. For instance the think tank noted Congress last Spring restored funding to such programs As the b-2 stealth bomber and sea Wolf submarine to save jobs. But the Epi study quoting previous estimates said the government might slash the . Military budget by half in coming years. Researchers also noted that More than 2.5 million workers from military bases defense department offices and arms plants could eventually Sec Pink slips. The study a authors conclude that Money from such cuts could go toward positive uses. A if 50 percent defense cuts were achieved $150 billion a year in Public resources would be available for solving problems in social services infrastructure educational and deficit reduction a Epi researchers said