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Publication: European Stars and Stripes Thursday, March 4, 1993

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     European Stars and Stripes (Newspaper) - March 4, 1993, Darmstadt, Hesse                                Pago 12 b the stars and stripes Money matters thursday March 4,1993 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. 1.60 British Pound. 1.49 dutch Guilder .1.79 greek drachma. 215.8191 not the rate a Bov apply within the Twat country. Figure Ere expressed in Dollar to the British Pound other Currene to the Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren pics Kalian lira .1,544.99 turkish lira.9,199.10 Spanish Patata 117.40 portuguese Acudo. 149.90 austrian Schilling. 11.4915 saudi rial. 3.7495 Bahrain Dinar it it  a a aaa 0.3768 Kuwait Dinar. 0.3062 norwegian Krona. 6.946 danish Krone. 6.272 British Pound. 1.45 German Mark  1.645 Swiss franc a  1.521 French franc  a a a a a a a a 5.56 dutch guilder.184 belgian franc. 33.60 Canadian Dollar .1.2465 note figure Ere expressed in Dollar to the Brit Ltd Pound other currencies to the Dollar Gold quote 1329.50 an ounce. Sliver quote s3.53 an ounce. New York Exchange j new York up York Stock exc Nanga Stock run Nabisco hid Wal mint store Philip mortis ban America Tel Fonos de my Rwjr Nabisco pop Merck amp co inc k Man corp Chrysler corp ism corp coca cola co Bristol Myersq Amer express co at amp to company Johnson 4 Johnsn a the 15 most Active Stock in new composite trading on tuesday. Salt last a Kcf a 12.955.t00 5.847.700 4.211.000 3.320.000 3.030.700 2.339.900 2.339.200 1.893.900 1,956,100 1.795.200 1.780.000 1.753.200 1.075.600 1.609.600 1,592.500 9 34 6716 5216 51 9v i 24 h 39v. 54v 4314 58v 2444 56 43v4 up up1 up 2v4 0fl1 Upit up a off up a upv4 Eft it up 1 unch unch up 44 up 44 american Exchange new York Aupi the 10 most Active stocks in american Stock Exchange composite trading tuesday. Slack Hilti Aven Carp Bat industries Hasbro inc Chambers Oev a Devon Energy Royal Oak mines Enzo Bochem Jin Bell mag new line Clemi exp Tonui co la Salta 684.600 462.200 441,300 381,000 366,400 322.200 305,500 255.600 241,900 232,800 Tail 3v4 14 31v 514 21v4 2v 644 16 a 1214 m Netchi. Up w6 up 3-16 up 44 up 44 up 44 11-16 ofl1 on up a unch up 44 f-16 i Dow Jones j new York Upo a Dow Jones closing Range of averages tuesday 30 industrials 20 transport 15 utilities a 65 stocks High lae Clou change 3406 21 3334.07 3400.53 up 45.12 1509.44 1467.94 1499.16 up 14 50 237.04 240.30 up 1.63 1229.27 1253.05 up 13,91 240.55 1257.04 indicators suggest Economy May grow but not by much by newday the . Government s chief forecasting gauge increased slightly in january indicating that economic growth should continue through at least the first half of the year. But the Small size of the increase coupled with reports such As one that found a record number of 26.6 million americans on food Stamps suggests growth will be limited and uneven. The government said tuesday that the Index of leading economic indicators Rose 0.1 percent in january the leading indicators designed to predict movements in the Economy six to nine months in Advance have increased for five consecutive months including a revised 1.7 percent jump in december. Iti addition the Index of coincident indicators which reflects current economic activity Rose 0.1 percent in january. Quot despite the excitement and the stimulus package of the new administration there is this concern As to whether it is going to produce jobs Quot said Richard p. Nathan director of the Rockefeller Institute of government in Albany . Quot productivity increases can mean fewer jobs. And while the administration emphasizes that better training equals jobs we Don t really know  in january five of the Forward looking indicators in the government s Index were positive including a Rise in new orders for consumer goods and an increase in the average factory employee s workweek. Cellular service lets caller dial by speaking Dallas up Mccaw cellular communications inc. And Lin broadcasting have introduced a service that allows cellular phone customers to dial a number by speaking the name or phone number or the person being called. The companies said tuesday that the voice touch service is the cellular Industry s first system wide voice dealing service. It will first be available in their 11-county me Trocel service area in Dallas fort Worth. To use the service a customer can touch the a a asterisk and the a Send a keys on a cellular phone then say a a dial and give the phone number. Just a Little Ferrari in the trunk visitors at the Leisure fair in Niernberg Germany Eye a specially built luxury touring Van that has a Ferrari Testagrossa in its trunk. The German designed Van called a comes with a two person bedroom and luxury bathroom along with the car. But dream on the total Cost of the Van is a Cool $2js million. Steel makers say Energy tax would harm their Industry Washington a president Clinton s proposed Energy tax came under attack tuesday from steel producers who said it would Force them to increase prices and thus impair their competitiveness. In the end the tax could strip More jobs from an Industry that lost $3 billion in two years and 23,000 production employees since 1989, officials said. Clinton a proposal a would amount to a major tax on Industrial production a said Ralph Boswell chairman of the steel manufacturers association which represents 53 companies in North America. A your preliminary estimate is that at minimum one third and possibly More of the total tax would fall directly on Industrial production Quot he told the Cong res if 5 signal steel caucus. Bethlehem steel corp. Chairman Curtis h. Barnette urged an exemption for Coal that is used in Iron and steel production. Barnette speaking on behalf of the american Iron and steel Institute said the Industry supported the Broad goals of the presidents economic stimulus package Tut Felt the Energy tax could have a serious consequences Quot for steel makers. A it could hit us hard Quot Barnette said in a statement submitted to the bipartisan caucus. A with Energy representing a substantial portion of steel manufacturing costs our Industry could face direct annual Cost increases of As much As several Hundred million  Clinton a Energy tax proposal is based on the Energy Content of fuels and would be applied to virtually All forms of Energy including nuclear Coal and Oil. The american Public Power association estimates that the tax could cause electric rates to increase an average of 3.7 percent. A rep. Peter j. Visclosky d-ind., said it would be up to the Industry to come Forward with possible alternatives. Six indicators were negative including More claims for unemployment insurance and a drop in consumer Confidence after three months of increases. The Rise in unemployment claims reflects the continued weak Job picture which resulted in an average of nearly 2 million american workers a one fifth of those unemployed a being out of work for More than six months in 1992. In a separate report tuesday the department of Commerce said new Home sales plunged 13.8 percent in january the biggest drop in 11 years. The Northeast was hardest hit with sales Down 39.4 percent. But economists said they expect the decline to be Brief because mortgage rates Are the lowest in 20 years. Bad weather was cited by some As discouraging sales in january. Mcdonald s and lying to kids group charges Washington a a physicians group asked the government tuesday to investigate a Mcdonald a promotion that tells children that eating things like meat Quot can make it easier to. Ride your Bike  the statement Quot is a false claim and should be withdrawn Quot said or. Neal d. A Barnard president of the physicians committee for responsible Medicine. The organization which says meat should be used Only As a Garnish or Flavouring asked the Federal Trade commission a to investigate false nutritional advertising Quot by Mcdonald a. Telling children eating meat will make them Strong Quot is like telling them they can get More Homework done by watching television Quot wrote Barnard a Washington psychiatrist. Quot meat can actually cause a slight deterioration in athletic performance in the period immediately following a meal because its substantial fat Content measurably increases the viscosity of the  the group which last fall criticized the routine feeding of milk to children also supports alternatives to using animals in medical research. Rebecca Caruso Mcdonald a spokeswoman in Oak Brook 111., said the company had developed the Quot food fundamentals program Quot that includes the advertising message with the american dietetic association based on the agriculture departments food guide Pyramid. Quot we work with the experts in developing these kinds of programs. We re very comfortable with our program Quot she said. The message is in printed materials featuring Quot slugger Quot a cartoon figure a _ a Lucea Muscles. The figure also is one of the to a Steak and flexing its shaped vaguely a s. The few Small toys Mcdonald a is distributing. A slugger is part of the meats and proteins group Quot the promotion says pointing out that the group includes meat Chicken fish Beans nuts and eggs. A eating two Servings a Day of these foods can make it easier to do things like climb higher and ride your Bike . The a fun facts a the advertising says is a brought to you by Mcdonald a in cooperation with the american dietetic  a request for comment from the association was not immediately answered. In a letter dated monday Barnard asked Mcdonald a chairman Mike Quinlan to withdraw the promotional literature  
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