European Stars and Stripes (Newspaper) - January 1, 1993, Darmstadt, Hesse                                Friday saturday january -1/2, 1993 r-4 today s rates 1�? following Are fixed fates at which Community banking and credit Union facilities will sell for sign currencies to . Personnel for personal use. Money matters the stars and stripes 1.57 German Mark British Pound dutch Guilder 1.7 greek drachma 208.6129 Noie tit rates above App a Fawn the Host country. Bateau of an Early deadline the rate for the Pound was not available for this edition following. Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies italian lira 1.479.00 turkish lira 8,551.50 Spanish peseta 114.40 portuguese escudo  145.41 austrian Schilling a Eek a kit aet a 11t3t5 saudi rial 3.7495 Bahrain Dinar 0.37675 Kuwait Dinar 0.3023 norwegian Krone 6.90 danish Krone 6.24 British Pound a Eta a a a Ltd a a a a a a 1.5108 Gorman Mark  1.6175 t Swiss franc  1.4608 French franc Tiaa a Wafaa Aemata a 5.5175 dutch Guilder 1.8168 belgian franc Canadian Dollar. 1.2685 note figures Are expressed in dollars to the British Pound other currencies to the Dollar a Gold quote $332.90 an ounce Silver quote $3.67 an ounce a new York Exchange new York up a the 15 most Active stocks in new York Slock Exchange composite trading on wednesday. Slock Glaxo holdings ism corp Rwjr Nabisco hid Citicorp Weils Fargo  Tucson elec per Philip Morris Merck $  inc Westinghouse Elk syntax corp a general motors Delta air lines do Agnostak inc Smith Kline b leg at at company Salea 4.869.200 3,981,800 3.448.400 3.411,100 2.226.200 1.933.300 1.703.300 1,649,500 1.591.300 1.407,000 1.442.400 1,323,700 1,263,200 1.224.400 1.193.400 Tail 24 50vk 814 21yi 75w 214 77i 44 12% 23% 32% 51 8 33% 52 net chg. Lip up up i up % up unch off 14 off 14 up w up 1 unch up % Upas up off a american Exchange new York u american Stock Stock. Chambers Dev a Cheyenne softer and fill corp Hill Haven corp Energy service expo rate Coll inter gel comm us bios Clence cil Irens St be Aurora elect pcs a the 10 most Active stocks in change composite trading wednesday Salea 1.789,800 937,500 787,600 527 700 396.700 287.700 243.100 222,300 net Chol. Up 1 up a up Vuk unch unch up is is off i up Vuk Dow Jones new. York up a Dow Jones closing Range of a gases wednesday High Low Clote Chang 3338.93 3299 22 3316.78 up 5.94 1464.72 1434.10 1454.85 up 10.68 223.21 220.64 221.90 off 0.12 1217.78 1199.93 120980 up 3.84 30 industrials 20 transport 15 utilities 65 stocks food stamp Rolls drop in october Washington a the number a i americans receiving food Stamps fell in october As victims of last summer s hurricanes in Florida Louisiana and  popped taking the Aid the agriculture department said. Department records show that 26,25 wion americans received food Stamps a pc la Ker a decrease of 175,053 from Erc Ord setting 26.4 million people to received assistance with their grocery Bills in  people on the Rolls in a offer however was still up 9 percept m a year ago when 24 million Amenta received food Stamps. Page 15 climb other reports Point to gaps by the los Angeles times the nations main gauge of the Economy s future prospects Rose again in no vember the government said wednesday hut other reports hinted that the it  Ling recovery still has its share of trouble. The Commerce department said its Index of leading economic indicators climbed 0.8 percent last month the strongest gain since february and the second increase in a Row. The Index which measures 11 key business components is designed to forecast economic activity six to nine months in Advance. But in another report the department said sales of new Homes dropped a surprising 8.3 percent in november after falling 8.2 percent in october. And White the conference Board a respected Busi Ness research group said newspaper advertisements for new Job openings Rose slightly last months it added that employ. Ers were not expected to Start a hiring a soon. A a \. A the Cor Toniy is definitely improving but there arc obviously still some weak spots Quot said Ted keen an economist with economic analysis corp. In los Angeles. Eight of the leading Index s 11 Forward looking indicators improved last month a 16 percent Rise in consumer 11 Weka Lumli ill it re i it it i  x. The Mazda or a powered by Hydrogen is one of the alter native of till cars to be shown at the 1993 greater los Angeles Auto show. The fuel is Ideal according to Mazda because it can be made  and the primary combustion emission is water vapor. 1. Low emission prototypes los Angeles up car manufacturers wednesday unveiled a variety of prototype vehicles designed to meet California s toughened emission standards which require automakers to produce about 600,000 electric cars by 2003. A we have seen enormous positive Public response to electric cars a said Charles Imbrecht chairman of the states Energy commission and keynote speaker at the Media preview Day of the 1993 greater los Angeles Auto show. A a we be done a lot of work in focus groups and the desire for these cars is extremely  _ automakers have been scrambling since 1990 to Start producing vehicles to meet californians Newe tailpipe rules which Start taking effect in 1994. By 1999, every new car sold in the state will have to be at least 70 percent less polluting than cars produced before 1994. The rules also require that 2 percent of All new cars sold in 1998, or about 20,000 vehicles Emit no pollutants making development of electric vehicles mandatory for the major car makers. That figure will Rise to 10 percent or 200,000, of new cars in 2003. Imbrecht said most of the first sales of electric vehicles will be to Fleet operators who can use them Forb Short two have seen enormous positive Public response to electric cars a Charles Imbrecht California official Range driving. One of the problems with electric cars is that their Range limit is about 150 Miles per charge. Imbrecht said the Range limits would not hold Back sales of cars. A a there a a relatively Small part of the population that drives More than 150 Miles per Day a he said. Among the prototypes on display at the show a which was scheduled to open saturday will be Volvo a environmental concept car which has an electric motor powered either by its rechargeable batteries or by a Turbine engine for longer trips. Mazda unveiled a Hydrogen fuelled Mazda or a at the show with a Range of 125 Miles per tank and a top Speed of 90.Miles per hour. Mazda developed a Metal hydride tank to store Hydrogen that can be refilled up to 500 times before requiring replacement giving it a life of 60,000 Miles. Confidence As measured by a monthly University of Michigan Survey accounted for half of the indexes gain. A a there a Hope arid optimism in the country  going to get better. What we have to do How is keep interest Raies Down and get growth going a said president elect Clinton in a statement from Hilton head Island s c., where he is vacationing r Clinton did not comment on whether wednesdays report lessened the need to follow through with his proposals to stimulate the Economy with middie class tax cuts and More spending on Public works projects. Twa decision opens Wilmington Del. A trans world airlines chairman Carl pc Shiv could resign As Early As next week now that a major hurdle has been cleared to give twas creditors and unions control of the airline. A judge approved an agreement wednesday Between Icahn and one of twas biggest creditors the pension Benefit guaranty  that ends a dispute Over under funded pension plans. The Issue had been the last major obstacle to twas bankruptcy reorganization. Icahn who took control of Twa More thin six years ago is to relinquish ownership once the settlement is finalized with the Federal Agency which backs workers pensions. A this proposed settlement is a building Block on the Road. To a consensual reorganization plan a . Bankruptcy judge Helen Balick said. The. Airline is due to submit its reorganization plan to the court by Jan. 12, but several people involved in the Case have said they might seek an Extension. _ the pension Agency has dropped its demand that the Carrier first Settle its $1.2 billion pension fund shortfall before emerging from bankruptcy. A _ As part of the reorganization ownership of Twa will shift from Icahn o the airlines creditors and unions. Robin a . Wilson and Glenn Zander who have been running the airline since being appointed by twas creditors and unions Are expected to take Over the airlines management. In return for being freed from the pension obligation Icah lil agreed to lend $200 million to Twa and contribute up to $200 million to its pension plans. If the government has to take Over the pension plans he will pay up to $240 million More Over eight years to the pm go. Under the plan twas pensions would be funded from the airline s operations. Twa filed for Protection from creditors under chapter 11 of Federal bankruptcy Laws last year after it was unable to make big interest payments on Money Icahn had borrowed to buy the airline. When it emerges from bankruptcy twas creditors will own 55 percent of the company and its unionized employees will own 45 percent. Creditors forgave about two thirds of twas debt in Exchange for the majority stake. Employees meanwhile agreed to take 15 percent cuts in pay and benefits in return for a share of the airline