European Stars and Stripes (Newspaper) - February 25, 1993, Darmstadt, Hesse                                Today s rates following arc fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use Carman mark.1.s7 Bra blah Pound. 1.47 dutch Gul Ldar .1.77 artak drachma .213.788 note to rate a a Bovy 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. 1,591.85 turkish lira.9,062.90 Spanish peseta .117.45 portuguese escudo.149.16 austrian Schilling 11.38 saudi rial .3.7501 Bahrain Dinar .0.37675 Kuwait Dinar. 0.30650 norwegian Krone .6.907 danish Krone .6.211 British Pound .1.4345 German Mark .1.6185 Swiss franc. 1.495 French franc .5.492 dutch Guilder .1.823 belgian franc. 33.28 Canadian Dollar.1.2617 note figures Are express of in dollars to the British Pound Othor currencies to the Dollar Gold quote $329.75 an ounce. Silver quote 13.60 an  York Exchange j new York up the to most Active stocks in new York Stock Exchange composite trading on tuesday. Stock Safe last it chg. Philip Morris 9,331,500 63 Vuk off it Rwjr Nabisco hid 5,405.600 74. Off % Homo depot inc 4.665.300 59 a off Merck 1 co inc 4,579.400 37 h up 1 Bristol Over so 4,455.900 56 i up 2 i Chrysler corp 3,457.300 35 a a off 2 i Wal Mart stores 3,412,100 59 i off i Citicorp. 3,396,200 25 i off i Abbott labs inc 3,141,600 24 v. Up 1 Johnson 4 Johnsn 3,014,000 40 i up 1 general motors 2,765.100 36 i off 1 i Glaxo holdings 2.732,600 19 up /. Royal appliance 2,727,800 6 i off 4 % Pottier inc 2,411,500 57 i up 3 i Tel Fonos de my 2,329,100 47 i off 1 i american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading tuesday. Stock Salet Tail Natch. Hill Haven corp 1,567,800 2 i unch Royal Oak mines 1,033,900 2 i up. Tax corp a. 909,600 21 i up via inter gel comm 692,200 7 i off v. Forest labs inc 669.600 29 up 1 i Hasbro inc 542,400 29 up i Echo Bay mines 5 6,500 5 i up. Weatherford inc 368.600 6 v. Up v. Siple precepts 354.500 45 v. Off 7 a Elan corp pc 352,700 28 v. Up 1 i Dow Jones a new York up a Dow Jones closing Range of averages tuesday High Low Cloia change 30 industrials 3373.52 3296.79 3323 27off 19.72 20 transport 1501.781467.340 1482 65 off 9 06 15 utilities 241.55 238 23 239.55 off 1.06 65 stocks 1249 54 1222 87 1233.10 0 17.09 sex King of junk Bonds has prostate cancer los Angeles a fallen junk Bond financier Michael r. Milken 46, disclosed tuesday that he was diagnosed with prostate cancer less than two months after his release from Federal prison. A we anticipate a Complete recovery a Milken a urologist Stuart Holden said in a Telephone interview. Milken who pioneered the use of the High yield High risk junk Bonds that financed the frenzy of business takeovers in the 1980s, was sentenced to 10 years in Nirison and paid More than $1.1 billion in Ines after pleading guilty in 1990 to securities crimes. Plan pushes character Loans to promote Small businesses Washington a president Clinton is seeking a return to the Days when Bankers would give As much attention to borrowers character As to their financial statements. In a speech tuesday to the . Chamber of Commerce Clinton said his administration soon will announce regulatory changes aimed at promoting a character lending As a Way of easing the credit crunch for Small businesses. Bankers and borrowers alike have complained that since the Start of the savings and loan cleanup in 1989, Federal Bank examiners have been unduly harsh making lenders afraid to take a Chance on a Borrower they consider a Good risk. Bankers always have evaluated a mix of tangible and intangible factors before making a business loan including the value of collateral the Cash flow of the business and the commitment of the Bor rower to repay the loan. However after a wave of recession induced defaults particularly on commercial real estate Loans both Bankers and regulators have turned More cautious. Sounding a Republican theme the democratic president said his proposals will a try to make it possible for Banks to loan Money to businesses again to try to release the energies for the old fashioned character Small business Loans to try to reduce the fear that a lot of Banks Nave that if they make sensible Loans the government will come Down on  at his december economic conference in Little Rock ark., Clinton was told by banking officials that a reduction in Bank regulations could Lead to another $86 billion a year in lending. However the Effort could face stiff opposition from key members of the banking committees in the House and Senate once Nissan s flagship Plant this factory in Zama Japan is to be shut in two years. Nissan to dose car factory in Japan Cut 5,000 workers company has decided to shut Down a factory although Isuzu motors Ltd. Has said it will give up car manufacturing entirely. _ in announcing the new plans the Tokyo based company also said the Parent company now expects to report an operating loss of $330 million for the fiscal year that ends next month that figure represents an increase of More than 75 percent from the loss Nissan had forecast in november the Auto Assembly Plant that will be closed is in Zama Southwest of Tokyo it accounts for about 12 percent of Nissan a japanese production. Opened in 1964, it was one of the first japanese factories to use robots by the new York times Tokyo a in another major retrenchment the Nissan motor co. Ltd. Said tuesday that in two years it plans to cease automobile Assembly in what was once its flagship japanese factory. The company also said it will Cut 5.000 employees from its staff of 53.000 in three years through attrition and reduced hiring. Japanese car companies had invested heavily in new plants in the last few years Only to be faced now with overcapacity As demand continues to shrink. Nissan a announcement however represents one of the first times during the current slump that an Auto they sponsored stricter regulations in a bid to make sure the $200 billions amp a bailout which Many blamed on lax government supervision does not recur in the banking Industry. Treasury secret any Lloyd n. Bentsen and Federal Reserve chairman Alan Greenspan at separate congressional hearings said their agencies Are cooperating on the proposal and reassured lawmakers that any changes would not Compromise the safety of the banking system. A we will take a variety of regulatory Steps to encourage lending without jeopardizing safety or soundness a Bentsen told the House budget committee. A at a minimum allowing Well capitalized Banks to get Back into the business of character Loans poses no threat to the safety and soundness of the banking system a Greenspan testified to a House banking subcommittee. . Ing Northrop Case paper reports los Angeles a the Federal government is dropping its 5-year-old probe of allegations that Northrop corp. Ribbed South korean officials in an Effort to sell its f-20 fighter jets the los Angeles times reported wednesday. No charges apparently will be filed against the los Angeles based contractor or several executives who lost jobs in the scandal the newspaper said. Unidentified attorneys told the newspaper that the Justice department s Case was weak because it relied on unreliable witnesses mainly foreigners. The scandal involved Northrop a 1984 payment of $6.25 million ostensibly to build a luxury hotel in Seoul. The Money was wired to a Hong Kong Bank controlled by a Girlfriend of the late Chong Kyu Park a South korean Power broker and vanished a few Days later. Northrop called the hotel Deal a Goodwill gesture but allegations arose that the payments were bribes to help Park sell Northrop a f-20 jets to the South korean air Force. No f-20s were Ever sold either abroad or in the United states and Northrop cancelled the program after two of the planes crashed on demonstration flights. Welko Gersich who was forced to retire As Northrop executive vice president in 1989, was notified last week that he no longer is under investigation the newspaper said. # and James Dorsey Northrop marketing vice president for Korea recently was Given Back personal documents that were subpoenaed in the 1980s, said Daniel Bookin his attorney. A your understanding is that the investigation is closed a Bookin said. Demo furniture Sale set in bad Kreuz Nach. Officials at defense re utilization and marketing offices have announced a Sale in bad Kreuz Nach Germany. Household furniture will be sold at Mennick Cavern on saturday. The Sale will be open from 9 . To 1 . For id card holders Only. Purchases must be made in dollars in Cash Only and must be removed by 2 pm the Day of the Sale. The Sale Vail be held just inside the front Gate of the Cavern