European Stars and Stripes (Newspaper) - January 27, 1993, Darmstadt, Hesse Won Muley Jar nary 27, 1093 Money matters the stars and stripes b Pago 13�? today s rates a a following Urc fixed rules at which Community Hanking and Reedil Union facilities will sell foreign currencies to . Personnel for personal use Gorman Mark.1.54 Brill of Pound.1.50 dutch jul Dor <1.73 Grook drachma. 209.2040 nolo Tho Tuntas next to apply wet till hoho Rountry Matt up Oto Kofi Rossol in toll air to Tift lilt lilt Pound of for Cuno Cloo to Trio Dollar following arc Interbank rates that fluctuate and should he regarded As the approximate value of the . Dollar to foreign currencies malian lira 1,440.22 Turkla lira. 8,661.70 Spanish Petal 111.02 portuguese be judo 141.00 austrian a cell Long 11.080 saudi rial 3.7400 Bahrain Dinar 0,37070 Kuwait Dinar. 0.30328 norwegian Krone 0.0040 danish Krona a a a a its a a a a a a a 0.0078 or Etlah Pound 1.5380 Gorman Mark. 1.0700 Sweet Irene .1.4060 French franc .0.333 dutch Guilder .1.7707 belgian frano.32.41 Canadian Dollar 1.272 note Al furn a re expo Fiyod in toilet to the Del Tlell Pound Ottier cur Roncin to the Dollar. Gold quote $3.11.00 in ounce Oliver quote $3.71 denounce new York Exchange 1 hew Yahk Tell l the 16 to amp a Active Stock lit new Voik Slock each anus Coati to Ute Ira deny on monday Slock Lata last mat Chi it flak manias 6.642.400 Jet up it Tucson Tateo i m 6,436,600 3ft us Jet Amor exp acis co 4,017,800 25ft Oft 4 Wal Mait a lords 4,0/0.300 hot up 2 glottal Marine 4,020,400 2ft. Up it Nev Letor Mil 3,000,300 3 up it Easlin att Kodak <8# in vhf Psi got Spany 3,110,000 62ft Oft Ift him clip 3,054,600 484 up it Limo ill Molcil 2,/16,700 3/ft Oft Citicorp 2.n3,00026ft Oil it us 2,4114,200 17ft up it hears too thick 2,450,000 60v up 14 2,302,700 30/4 up 4 Lutt Nabisco Ollil 2,3/0,000 Flat up it american Exchange j new Yorik in the 10 must Active stocks in Ainoi cwt clock us Rufigo Cun Poallo irad Liefl monday. Slock Wang labs Luc t Kiil clip ii unveil com chatter Moil cup Amdahl clip Huxhol toot Jan hell mkt inn clip Fig Kito Feutl Coirini Mealli Elord inc Salas 2,073,100 024,600 1106.700 603.000 6/7,500 513.000 456.700 4110,100 309,21 0. 3/3,700 last nil Che 1 up it 614 up 4 4 Oft it 14ft up 1ft 7ft up it 43ft Oft it 10ft up it 30ft up 1 Oft Tiff it 6ft Oil it r Dow Jones my w Yorik ill la hit Junos closing onus of a wages Buthlay. High Low Cloie Chang 30 3324 fill 34.1 i 3202.20 up .15.3 1 20 Liuti Eimil 1493 62 1402.30 14/8 21 ull4l4 13 in lit i 220 15 722 62 224 62 up 144 00 stocks 1224 10 huh 00 1213 31 up 0 02 Sears Catalon once helped link the nation now nears the end Fly Amy Harmon the los Angeles times for millions of americans the hefty scars Catalon was their Quot wish Hook a arriving each Christmas season to offer a Cornucopia of shopping possibilities. For Many especially in Rural areas it provided a link to the bustling world of Commerce. Touted in the 1894 edition As Quot the cheapest Supply mouse on Earth Quot it once rivalled the Bible for first place among America s most widely read Hooks. Rut note this year the Clephone Book thick Catalon will cease publication the victim of changing consumer tastes and in tense Competition. As part of a massive restructuring Sears Roebuck and co. On monday announced plans to discontinue its Catalon business which the company said has lost about $500 million Over three years. For the nations no 3 retailer which built its Empire on the mail order business founded by Railroad station agent Richard w. Scars in 1888, the move is tantamount to cutting off its roots. Quot it was by far the most difficult of All the decisions Quot said Arthur c. Martinez chairman of Sears merchandise group. Quot it is scars. It s Bow the company started and it was Laden with a lot of in the end Martinez said there was no Way to save the Catalon business without irreparably hurting the company. Quot it was very painful Quot lie said. For most of a Century the Catalon thrived on filling the average american s every need via the . Mail. Rut analysts said it was too Stow to adapt to a modern Era fraught with mail order Competition Home shopping channels and the dominance of pinpointed marketing pitches. Although mounting costs and Competition made the Catalon business less profitable 14 million americans still order from the Sears Tome each year a and some of them said miss it. Among them is Michele Woltman 34, whose Mother outfitted her in Sears clothes throughout much of her childhood in Rural Wisconsin. Quot the closest department store was 35 Miles away in Manitowoc Quot Woltman said. Quot there were four of us kids and Only one car so we did t get to go very now living in ferry Ohio with the nearest mall still at least a half hours drive Uway Woltman uses be Catalon to order clothes for her 10-year-old daughter. And at Christmas time she shared it with two of her friends so their children could make i hair Holiday gift lists from it. Quot we re going to miss it Quot Woltman said. Scars Cata logs through the years from the late 1800s to 1993 Bottom right. Quot its really a shame they re shutting Down the whole for Woltman the Lack of a scars Catalon will most Likely mean making a few More trips to the store or getting on the mailing . Penney co. Inc. Ray Browne 70, editor of the journal of popular culture said the Catalon Quot represented what the world could be Quot to people like himself a born and bred in Rural Alabama. The once ubiquitous Catalon served As a Force for democratic capitalism making goods from buggy whips to full blown houses customer assembled available at relatively affordable prices to people across the country. And at the turn of the Century when Short geographical distances still created a wide divergence in world views the Catalon appealed to americans enduring desire for conformity. Said Browne who ordered his first balloon tired Elgin bicycle from Sears Quot there was a kind of satisfaction that i was using the same bicycle that the Cor huskers in Nebraska were using and the wild West cowboys in Texas. A few dollars got you the so Csc of being part of the larger but it was the Ca Talog a determination to stick to mass Appeal at a Lime when sophisticated marketers arc targeting increasingly specialized demographic groups that presaged its downfall Industry observers said. Quot a Long time ago the scars Catalon brought civilization to the consumer out on the Prairie but it stopped performing that function years ago Quot said Jack Baer a Catalon consultant in new York. Quot the scars Catalon has become a synonym for something that is anachronistic and not valid in today a Market. It Hasni to sales have dropped off for scars in recent years. But the direct marketing business in the United states has grown rapidly with 55 percent of americans shopping through Cata logs in 1992, up from 40 percent in 1984, according to Simmons Market research Bureau. Driven by the growing amount of computerized information about americans demographics and shopping preferences that is available to those willing to pay a Host of specially Cata logs has been aimed at Consumers m recent years. I Bis change has allowed formerly such Small companies As lands end Eddie Bauer and Lillian Vernon to claim a larger stake of the Market. Scars by contrast was slow to specialize clinging to its bigger is Beltjr strategy almost until the end. While the Catalon made some efforts at modernization Over the last decade a using Model Cheryl ticks on its cover for example and More recently even offering some european Stylc clothes a analysts said it was too Little too late. And some Industry observers said the end of the scars Catalon May be the beginning of the end for others As new forms of communications and retailing take shape. Some families to get allowance hike Mcdonnell Douglas to trim 8,700 jobs St. Louis Ufi Mcdonnell Douglas clip. Said monday it will Lay off about h,7 k people this year or 11 per Mil of its Woik Force the decision is pail of continuing moves to Cut costs. Mcdonnell announced 1�?Tiiday the expected reduction til 4,011 1 to 5,000 jobs at its Douglas air with co. Commercial operations. Monday s announcement added 3,71 0 to 4,700 Job cuts on its defense Side. A spokeswoman said monday that the company Hopes most of the cuts on the Dele use Side would be made Ilu Ough at Tel Iii lather Ilian la pulls. By i Mijck Vinci Washington Bureau washing i on a overseas service inc bars who receive the temporary lodging allowance and who have depot dents 12 and older will get slightly More Money Starling March i a cleanse department officials say. The allowance is designed to partially cover food and lodging costs Lor Sonvico Meinberg seeking permanent housing overseas or who Are living in temporary quarters before being reassigned to the United slates. The policy change is a recognition that Len acis eat More than younger children and might need to be lodged separately from Luicir parents said an Olli Cial Wilh the detente department s per diem travel and transportation allowance committee. The allowance varies based on the per diem rate the daily Cost of lodging meals and incidental expense for various locations overseas the official said. Quot the daily la payment depends on actual expenses Quot the official said. Quot for Servie members with no dependents it can go As High As 65 percent of the local per diem. For a member Wilh one dependent the payment goes up to 100 percent of the local per members with More than one dependent get additional payments equal to a percentage of the local per diem rate. Members currently gel 25 percent of the local per diem Lor the second and each subsequent dependent regardless of age the Olli Cial said. Starting March i that payment will increase to 35 percent for each dependent 12 and older. Payments for dependents under 12 will remain at 25 percent of local per diem Rales. Quot age 12 will be the new cutoff for members with More than one dependent Quot the official said. The increases will not be drastic. As an example the official used a hypothetical overseas locution Wilh a per diem rate of $180, where a married service member with two children under age 12 would get a daily t la payment of $225. Of one child was 12 or Over the total would Rise to $232, and if both were 12 or Over the la would increase to $239. Other factors such As Basic assistance for quarters food allowances and meal rates affect the new per diem rates the official said. The allowance is authorized for 10 to 15-Day periods. Sponsors of newly arrived families overseas must Quot demonstrate that they re aggressively searching for permanent housing to continue receiving the allowance beyond 15 Days the official said
