European Stars and Stripes (Newspaper) - January 22, 1993, Darmstadt, Hesse                                Page 12 the stars and stripes Money matters today a rates following arc fixed Rales at which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use German Mark 1.57 British Pound 1.56 dutch Guilder 1.77 greek drachma 208.7889 now Chrstos move apply within the Host country of gum Art a prism in dollars to tha British Pound Otow currencies to the Moflar following Are Interbank. Rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies  lira 1,468.00 turkish lira 6,722.20 Spanish peseta 114.10 portuguese pseudo. 145.04 austrian Schilling a a a of be epee 11.33 saudi rial. 3.7501 Bahrain Dinar 0.37675 Kuwait Dinar 0.30525 norwegian Krone 6.81 Danyah Krone 6.191 British Pound 1.5335 Gentian Mark 1.6125 Swiss franc tseee44ee��et�e 1.478 French franc 5.4475 dutch Guilder ,a>aamahti�9ait� 1.6055 belgian franc 33.15 Canadian Dollar a  1.2814 not flour ars a pasted in Dollar to the British Pound Oiher car Aorta to the Dollar Gold quota 1329.85 an ounce Star quota. S3.71 an ounce. New York Exchange new York up the 15 most in tip stacks in new York Stock ext Nang composite to Mung on went Sydiy stocks let lad Nuich. Tucson a lec per 13,373.500 3% Folh Citicorp 10,863,700 26 up in  ,681,800 12 a up in corp3,358,300 46 i of fat amp to company 3,285,000 53h off h Conner be Ripon 3,180,500 23 up 3 Merck co inc 2,981,300 41v. Up a Philip Morris 2,895,000 70�?T Oft % Glaxo Hokan i 2,876,600 21% a pvt chemical Bank 2,723,800 40v of in ban America 2,474,800 51% 0112 Usu Ricat 2,256,800 75 up6v Abbott labs inc 2,188,300 27% up a great West Fol 2.t43.200 18% Oft Eastman Kodak 2,047,600 46% Oft % c american Exchange new York up american stack Exchange Slock Tii Luven corp Royal Oik mints Amdahl corp Horn Char Dart Echo Bay mints Rusl aus pm  the 10 most Acbo stacks in Composki trading wednesday. O Brien e Rigi ick corp Morgan ear Salon 642.100 601.400 566,000 523.500 482,300 432.600 383.100 377.600 356,200 287.400 in 4% 19-16 7% 3% 4% 93-16 5% 4% 2h 4% nil Chi. Up 3-16 Futch Urich up 5-16 up % up 5-16 0 1% up 116 up 7-16 06% Dow Jones new York up a Dow Jones closing Range of averages wednesday High Low clot China 30 Industrial 3278.96 3231.41 3241.95 0� 14 04 20 transport 1523.14 1492.92 1500.57 off 9 by 15 utilities 22365 221.8 222.08 off 082 65 stocks 1221.71 1203.08 1207.33 off 5 99 f Friday january 22,1993 foreclosures soar in California areas Riverside Calif. Up the number of properties taken Back by lenders in Southern California nearly doubled in 1992 to More than 30,200, a tracking service reported wednesday. Try redi property data said seven of every 1,000 properties were hit by foreclosure try redi said lenders also sharply increased foreclosures in the san Francisco Bay area to 4,849 last year from 2,841 in 1991. In the Sacramento Valley foreclosures More than doubled last year to 2,452 from 1,192. Lenders foreclosed on 6,658 properties in 1990 in Southern California that number More than doubled in 1991 to 15,316. S Parent company suffers record loss in/92 Dallas apr top executives at Amr corp., Parent of american airlines blamed the Economy and bankrupt airlines for contributing to the company a record $935 million loss for 1992. Much of the loss Amr reported wednesday was attributed to special charges and compliance with new accounting standards. But the company would have suffered a record deficit even without those charges. The loss at american the nation s largest airline signals further trouble for the Industry. Amr is traditionally the first airline operator to report financial results. Quot a lacklustre Economy excess capacity perpetuated in part by the bankruptcy Laws support of failed carriers and the continuing propensity of carriers to offer their product at no compensatory fares wreaked havoc with the Industry s re suits Quot Amr chief executive Robert Crandall said. Amr lost $200 million in the fourth Quarter nearly Matching in three months to t part of the problem came last april when american unveiled a four tier fare Structure that executives believed would bring greater Revenue to the airline and a lacklustre Economy excess capacity perpetuated in part by the bankruptcy Laws support of failed carriers and Tho continuing propensity of carriers to offer their product at no compensatory fares wreaked havoc with the Industry a results. Robert Crandall Amr Chile executive in full year record loss of $240 million set in 1991/ a simplify travel for passengers. But competitors refused to go along with the plan which american called Quot value  Steep fare wars followed including a half off Sale for summer usually the airlines most lucrative period. Michael Durham amry a chief financial officer called the fare fiasco a significant component of the losses. He said carriers operating in bankruptcy which include Continental Twa and America West can undercut fares of the healthy airlines because of their Protection from paying debts. Quot i think most Industry observers and most in the senior management at american would have expected the Market would have driven out the most poorly capitalized and least efficient producers through 1992,&Quot Durham said. A we probably underestimated the ability of carriers to survive seemingly indefinitely in chapter it Quot bankruptcy proceedings. Amry a fourth Quarter loss amounted to $2.66 per share a year earlier the company lost $125 million or $2.20 per share in the same period. Revenue in the october december period was $3.58 billion a 5.1 percent increase Over $3.40 billion a year earlier. The full year loss was $12.49 per share compared with $3.54 per share in 1991. Revenue for the year was $14.4 billion an 11.7 percent increase Over $12.9 billion in 1991. The company incurred a number of special charges during the year including #$179 million to cover the failed development of a reservation system and settlement of a Price fixing lawsuit. A $416 million after taxes to comply with new rules on the accounting of Retiree benefits and deferred Federal tax liability. O$34 million for Severance of managers Laid off last month retirement of some aircraft and settlement of litigation with metro airlines inc., which american virtually acquired last month. Without the special charges and the accounting changes amry a after tax loss for the year would have been $278 million or $3.72 per share. . Duties urged on steel imports Washington of the Bush administration in its waning hours moved to protect the . Steel Industry from lower Cost imports a Commerce depart men official confirmed wednesday. A department order said duties of 26 per cent to 148 percent would be needed to offset the Low prices of brazilian French German and British steel the official said speaking on condition of anonymity. The . International Trade commission has until feb. 25 to decide whether to impose the duties. Until then the customs service will require a Bond or Cash Deposit on products covered by the order. The departments action was not announced immediately. First word came in a statement issued by Inland steel industries inc. A the departments findings confirm what Inland has known for years a that Many Sellers of imported steel Are dependent on unfair trading practices for sales in the . Market a the statement said. Inland said it was pleased by the a substantial Quot amount of duties that would be needed to counteract the a dumping Quot of foreign steel in the . Market a Selling it at prices below those in Home markets. The margins found by the Commerce Job offers via to show draw prime time response Philadelphia a telephones rang constantly after a television station pushed aside two widely advertised series premieres but the callers weren to complaining. They were responding to a Job Tair. Fox affiliate it of to broadcast video Nossum a by unemployed workers along with announcements of Job opportunities from employers. The jobs offered tuesday night ranged from insurance agent to motorcycle Mechanic to tile installer. One for a polymer chemist requires a doctorate. The station had to bring in extra help wednesday to handle the continuing crush of Calls. A we be gotten about 100 Calls in the last two hours Quot station spokeswoman Toni Vivirito said Early in the afternoon. Philadelphia a jobless rate is 7.3 percent same As the official National figure. Most of the video applicants were White Collar Many of them managers salespeople or office workers. Many had computer experience. The 30-second video resumes were filled with glowing descriptions of experience and abilities often concluding with a Brave smile and a  it of moved the series premieres of key West and class of 1996 up two hours so it could hold the Job Exchange live in prime time with interviews with government officials and Job experts. A a it a a commitment to the Delaware Valley Quot Vivirito said. A we knew that we could reach far More viewers at 8. . It was Worth pre Empting programming to reach More  on wednesday callers were asking for More information about jobs listed during the program and offering jobs to people whose re sums were aired she said. She did t know whether anyone had landed a Job As a result of the program. Department were Britain 25.82 percent France 64.55 percent Germany 85.05 percent and Brazil 148.12 percent. The department also said countervailing duties of 23 percent would be justified. Such duties Are imposed to make up for foreign government subsidies. The order covered hot rolled leaded or Bismuth Carbon steel bar and Rod products. The International Trade commission ruled in May that there was evidence that imports were hurting the . Steel Industry. The complaint was filed by Inland and Bethlehem steel corp. Schwinn family loses Bike firm Chicago up the 98-year family control of the Schwinn bicycle co. Ended wednesday when Scott sports group completed its acquisition of the bicycle manufacturer which had been operating under chapter 11 bankruptcy Protection for three months. A . Bankruptcy judge on tuesday approved the Sale which included a Purchase Price of $40,75 million in Cash. Privately held Schwinn whose name has been one of the Best known on bicycles since the company a 1895 founding filed for bankruptcy Protection in october. As part of wednesdays agreement Edward Schwinn chairman and chief executive officer and his brother Richard vice president of manufacturing left the company. Ralph Murray 47, took the title of president in addition to the Post of Chiel operating officer which he held since september 1991,