European Stars and Stripes (Newspaper) - January 15, 1993, Darmstadt, Hesse Today s rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for. Personal use / German Mark British Pound 1.50 dutch Guilder 1.78 greek drachma ii Iii 211.7174 note the Rale 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 a a a a a a a a a a a a a a i a 1,503.01 turkish lira 8,696.00 Spanish peseta 115.10 portuguese escudo 145.19 anal Tran Schilling 11.41 saudi rial 3.7501 Bahrain Dinar 0.37675 Kuwait Dinar 0.3041 norwegian Krone a a a 6.91 danish Krone 6.265 British Pound 1.5345 German Mark 1.62 Swiss franc 1.4865 French franc 5.508 dutch Guilder 1.821 belgian franc 33.41 Canadian Dollar 1.2785 note figures Are. Expressed n dollars to the British Pound other currencies 10 the Dollar a Gold quote $327.75 an ounce Silver quote $3.70 an ounce new York Exchange new York up a the 15 most Active stocks in new York Stock Exchange composite trading on wednesday. Stock Natl City Cor Tucson elec per Eastman Kodak ism corp. Philip Morris. Pfizer inc Glaxo holdings Kroger co k Mart corp Tel Fonos of my Nat hot labs Rwjr Nabisco hid Wal Mart stores adv Micro orcs a aut company Sain i til nit cig. 6,216.500 49 up 6.039,400. 2 up 3,461,500 47 up 3,209,200 47 off 1 3,130,100 73 off 1 2,725,500, 66 /. Oft 2,678,000 22 /. Off 2,547,800 1614 up 2 2,389,700 22 unch 2,331,700 55 off 2,057,200 15 up 2,048,800 6 unch 1,967,200 59 up v. 1,833,900 19 up v. 1,756,400 51 Bufi z american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading wednesday. Slock Sain last nil Fig. Inter gel comm. 986,000 to up Oft expo rate co la901,800 1 Royal Oak mines 524,700 1 unch Hill Ilven corp 371,400 3 up 1-16 Central re cd 355,900 3916 up 1-16 Kirby corp 332,700 13 up Ham amp Hardin 317,600 m. Up Echo Day mines 308,400 4 9-16 off 1-16 cat Energy inc 264,200 19 up Hasbro inc. 261,100 32 up 1 Dow Jones new York tipi a Dow Jones closing Range of averages wednesday 30 industrials 20 transport 15 a Lilllie 65 stocks High 3283.01 1484.06 221.08 1210.16 Low 3225.47 1455.25 217 95 11b8.85 clots change 3263 56 off 1.08 1466.93 of 15 31 220 77 up 2.38 1201.66 off 2.20german Economy shows growth slump by the new York times Frankfurt Germany Western Germany a Economy posted its worst annual growth rate in a decade in 1992, As High Domestic interest rates the global economic downturn and turbulence in currency markets caused a recession. Western Germany s Gross National product expanded by Only 0,8 percent last year after adjustment for inflation Fig uits released wednesday by the German statistics office show. That is the poorest showing since 1982, when it contracted by 1.1 percent. In 1991, the Economy grew by 3.6 percent. For 93, but at Washington a the Long economic stagnation May finally be breaking up but analysts Aren t ready to declare Boom times for the . Economy. 1. Instead they re forecasting modest growth of around 2.9 percent this year. That would be the Best performance in five years but Well below the Normal acceleration out of a recession analysts awaited three government reports thursday on How the Economy was performing As 1992 ended a in consumer spending wholesale inflation and the number of people filing new claims for unemployment benefits. The december retail sales report was the most eagerly awaited of the three because consumer spending accounts for two thirds of economic activity. Analysts were expecting a healthy increase of around 0.7 percent in retail sales and they were looking for inflation at the wholesale level which has been Low All year to be virtually nonexistent in december with the producer Price Index inching up 0.1 percent. Economists were looking for an increase in the number of workers filing jobless claims but they said even a jump of 40,000 in the volatile number would not be alarming considering that the figure hit the lowest Point in nearly four years in the previous week. The Commerce department report on to grow rate total retail sales follows last weeks news that Trtany of the nations largest Chain department stores had Strong gains in december. A Quot Consumers ended the old year with a bang a said Bruce Steinberg senior econ or Hist at Merrill Lynch in new York. Based on the Strong spending he said he was revising upward his forecast for growth in the Overall Economy to 3.5 percent for the fourth Quarter even better than 3.4 percent gain in the third Quarter. However one question remains How sustainable is the increase Given that income growth has been lagging and customers financed Christmas purchases through heavy use of credit cards . Car makers cooperate to Detroit up general motors Ford and Chrysler Are cooperating to dismantle vehicles built by foreign competitors to study How they Are made. Ford vice president John Mctague told delegates to the automotive news world Congress on tuesday that the cooperative Effort regarding joint Quot heard owns was the result of the relationship of the big three . Automakers As members of the United states Council for automotive research. Oscar promotes cooperative research among the big three automakers and Aims to strengthen the technology base of the Domestic Auto Industry. Quot an important part of every benchmarking exercise is the Tea Down where we disassemble our competitors products to see what makes them tick now Well they tick and How they Are manufactured Quot Mctague said. Tea Downs Are costly he said Quot and while we will always do our own Tea Downs of our most important competitor products we recently began doing joint Chrysler performed the big three a first joint project last month by tearing Down a Renault space minivan a Chrysler a chief competitor in Europe a minivan Market. Quot the purpose was to determine How Many different or unique parts Renault had to design for right hand drive As opposed to left hand drive on the same tiny tape player a Model displays a newly developed portable digital compact cassette player at a news att army a Evaid conference in Tokyo. Developed by Panasonic electronics no and Philips electronics Quot we All want to Export More efficient Vas Japan n june f0r about $5�� 8nd wih by Pui in the a Feltha this Rutn would i a b us important airlines Back off from threatened fare War Atlanta a major airlines flirted with a new fare War wednesday but retreated As Northwest airlines inc. And Delta air lines inc. Limited plans for Price cuts As Large As 40 percent. The discounts some of which were supposed to be permanent wont be offered after sunday Delta and Northwest said. Airline pricing executives spent their Day Matching revising and then virtually dropping various Price Cut plans. Delta started the mane vering by criticizing a Northwest plan to offer group fares of 20 percent to 40 percent off tickets that would most easily be used by Leisure travellers. Delta announced its own plan to Cut Advance Purchase ticket prices up to 40 percent for monday through thursday and As much As 30 percent during Peak travel Days. As various carriers lined up behind the Delta plan Northwest announced it would curtail its a take along fare offer. The fares give 20 percent a discounts to two passengers 30 percent off for three and 40 percent for groups of four or More. After sunday however they will be available Only in a handful of markets. When Northwest backed off its plan which was supposed to be a permanent part of its discount fares a Delta spokesman said sunday would be the last Day to buy tickets under Delta a discount. Delta a decision came late in the Day and it was unclear whether other airlines would also set sunday As the deadline to buy a discounted ticket. Marty Heires spokesman for american airlines inc., the nations largest Carrier said executives Hadnot decided whether to continue following Delta a Lead. Nusair inc. Spokeswoman Nancy Vaughan said the company was staying for now with its offer of 20 percent discounts for groups of adults and up to 70 percent for children accompanied by a Parent. She said the children a offer is Likely to stand but the group discount could change. Delta blasted the Northwest fares As confusing for Consumers and unwieldy for travel agents
