European Stars and Stripes (Newspaper) - January 13, 1993, Darmstadt, Hesse                                Page 16 b the stars and stripes Money matters wednesday january 13,1993 r today s rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for Persona use German mark.1.59 British Pound.1.59 dutch Guilder .1.78 greek drachma .213.6981 note the rate above apply within the Host country. Figures Are expressed in dollars to the British Pound other currencies to the Doliar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies italian Jura turkish lira. 8,683.30 Spanish peseta. 115.54 portuguese escudo 145.84 austrian Schilling 11.448 saudi rial. 3.7499 Bahrain Dinar 0.37675 Kuwait dinar.0.304 norwegian Krone 0.96 danish Krone .6.2875 British Pound.1.5545 German Mark .1.6325 Swiss franc. 1.498 French franc.5.5185 dutch guilder.1.833 belgian franc. 33.60 Canadian Dollar 1.2776 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $329.25 an ounce Silver quote $3.66 an ounce c new York Exchange new York up the 15 most Active stocks in new York Stock Exchange composite trading of monday. Stock site Leil. Not Chi. Tel Fonos de my 7,399,500 55% 0�1v� in corp 3,863,700 47%. Up to Eastman Kodak 3,764,200 45 up 3% Chrysler corp 2,566,900 36% up % Merck amp co inc 2,426,900 43% up Philip Morris 2,343,800 74% up k Mart corp 2,050,200 22% of a general motors 1,989.900 34% Ufa Boeing co 1,921,300 38% Oft Bristol Myersq 1,864,200 63% up Citicorp 1,755,600 21% up adv Micro docs 1,751,400 19% us Wal Mart stores 1.692,300 59 Oish Tandy corp 1,651,600 29% of11% Glaxo holdings 1.636,100 23% up american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading monday. Slock sates Tail talc of. Amdahl corp 472,200 7 up % Inlet gel comm 452,700 10% up us alcohol tata 422,800 2% up Cal Energy no 306,900 19% off Interi Salbood 301.800 4v� up total petrol a 290,900 6% up % Morgan foods 285,900 1 13-16 up 3-16 expo rate co la 279,500. 1% Oft 1-16 charter med cup 273,300 9% up. 15-16 Oft 3-16 dal metrics up 268,700 Dow Jones 3 new York up a Dow Jones dosing Range of averages monday 30 industrials 20 transport 15 utilities 65 stocks High 3284 09 1505 61 21939 121457 Taw Cloia change 3228 98 3262.75 up 1108 1480 43 1489 70 216 45 218 64 up 1.41 up 1.50 1194 b3 1205 65 up 3 78saturn autoworkers to vote on keeping pact Spring Hill Tenn a the heart of what makes Saturn a different kind of car company a its team approach by labor and management a races a critical vote this week. Dissident members of the United Auto workers have forced a vote at general motors  Saturn Plant on a cooperative contract that analysts say is key to the car models Success. The agreement is the Only one of its kind among the big three automakers though japanese car makers have used the shared responsibility approach to a great advantage. More than 5,000 members of Law local 1853 Are expected to vote during today a two shifts at the Plant about 35 Miles South of Nashville. The ballot Issue is simple keep or reject the contract. The results will be Nown thursday. Law officials Arentt talking publicly about the vote and Saturn management also has been mum. If the contract is reaffirmed no changes Are expected. Should it fail renegotiation is Likely. Neither Saturn nor the Union will talk about that. A a there a no mystery to it a Ken Wark a Saturn worker and Law member said a Law members with 20 years or so can to bump anybody else if they want that job.1 a Saturn employee k at a bar in nearby Columbia. Among other things the contract sets up work units of six to 15 employees with a work unit Counselor picked by fellow team members. The Counselor acts As supervisor and As a Union representative. Another Law member who asked not to be identified said some autoworkers accumulated years of seniority at other pm plants. But their seniority Means Little in the team concept at Saturn. Quot Law members with 20 years or so can to bump anybody else if they want that Job a she said. Reinstating the privileges of seniority would upset the work Force the worker said. A that would change the whole concept of Saturn. Then Saturn  be sat urn a she said. Pro contract members of the local printed and distributed buttons that state a say a yes to the Saturn  the contract vote comes at a critical time for Saturn. Though the pm subsidiary still Isnit showing a profit Saturn cars Are Selling almost As quickly As they Roll off the Assembly line. To be profitable analysts said Saturn must add a third Crew. Currently two Crews each work five 10-hour shifts a week producing 1,050 to 1,100 cars a Day. Little has been written about the coming vote which one a Dustin analyst called a a strange turn of events. A a in a totally mystified by it a said Joseph Phillippi who tracks the Auto Industry for Nearson Lehman Brothers in new York. �?o1 understand there a a lot of pressure on Saturn As an entity to get profitable. The Only Way to get profitable is to get their volume up. And the Only Way to get volume up is to hire a third  Phillippi said Saturn must make about. 350,000 cars a year to make Money. The next jump would be 500,000 units which would require a Plant expansion at Spring Hill or elsewhere he said. To ize to rival in libel settlement Miller brewing co. Cuts out 340 jobs Milwaukee a Miller brewing co. Eliminated 340 jobs nationwide monday in what the Brewer said was the final phase of a downsizing plan. The terminations were effective immediately and were a across the boards with no single department or program being eliminated a Miller spokesman said. In a letter to employees chairman Warren Dunn said the reductions were necessary to boost competitiveness and flexibility while cutting excess capacity. He blamed Millers troubles on customers a trading Down to Helow Premium products of which Miller has few. Cokes new shape coca cola co. Has come up with a recyclable plastic version left of its old style Glass bottle that has been in use since 1915. The Atlanta based company planned to Start testing the 20-ounce plastic bottle in Chattanooga Tenn. A where the soft drink got its Start in 1899 a and in Birmingham ala., this week. London apr British airways agreed monday to Settle a libel suit filed by Virgin Atlantic airways by publicly apologizing and paying court costs for both sides. British airways also agreed to pay about $800,000 to Virgin Atlantic chief Richard Branson and $165,000 to his airline. The dispute began when Virgin accused British airways of a dirty tricks a including poaching Virgin passengers a at times by approaching them in lines at airports and offering incentives to switch to a British airways flight. British airways said Branson was making the charges Only to gain publicity for his upstart airline a which has become a Thorn in British airways Side by flying lucrative routes such As London to new York. Branson then sued British airways and its chairman lord King for libel. British airways responded with its own libel suit. Ely settling the Case British airways avoids months of Public charges about its character which analysts say could have been damaging As the giant Carrier seeks to form a partnership with a and in Birmingham ala., this week. A firm agrees to drop claim its plastics Washington a agricultural tradable. No Hurt Pinnt   mgt us air group inc. To gain a foothold in the . Aviation Market. British airways last month abandoned a $750 million offer for a 44 percent stake in us air after it became dear that . Aviation regulators were not going to approve the Deal. The so called big three . Airlines a american United and Delta a had claimed British airways was trying to illegally take control of us air by gaining veto Power Over major business decisions at us air. . Law prohibits foreign control of . Airlines the american carriers said veto Power amounts to control. When British airways said it was withdrawing its offer British airways and us air said they would work toward another Deal. Even if British airways makes a scaled Back offer it is certain to face scrutiny from . Regulators and the big three a which Are worried that their British rival will gain Access to their turf without the British governments giving them anything in return. Washington a agricultural products giant Archer Daniels Midland co. Has agreed not to claim that plastics made with its a special Corn starch decompose so quickly that they reduce Landfill trash the Federal Trade commission said. The agreement for now is moot. A company official said production of adm master Batch ended two years ago shortly after complaints began Over its ads. However the company is continuing to work on making plastics More biodegradable. The dispute arose when the Illinois based maker of Corn and soybean products ran a network to commercial that showed plastic products being thrown into a trash barrel and disappearing. It said adm master Batch was a a special Corn starch that causes plastic to begin to degrade in As Little As. Six months and said the process worked in landfills. The Etc said the Landfill claims could not be substantiated and were false. The Agency said the company could and Cut Landfill trash Vertise that plastics made with the and five were designed to break Down and i come part of usable compost we disposed of through Yard waste or my Cipal solid waste compost programs. I it would Haive to disclose that the Pri acts Are not designed to degrade in Lai fills. The company a settlement with 1 Etc does no to mean a Law was Violat but when the agreement is made fit the company could be fined $10,000 i violates the terms