European Stars and Stripes (Newspaper) - March 5, 1993, Darmstadt, Hesse                                Pago 12 b the stars and stripes today a rates following Are fixed rates at which Community banking and credit Union facilities will sell for sign currencies to . Personnel for personal use German mark.1.60 British Pound 1.49 dutch Guilder. 1.b0 greek drachma 214.7311 not the rates above Appy 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. 1,666.25 turkish lira 9,256.30 Spanish peseta 118.11 portuguese escudo 151.11 austrian Schilling Savalita Taiho 11.586 saudi Hal. 3.7501 Bahrain Dinar .0.3768 Kuwait Dinar. 0.3068 norwegian Krona a a aah tax Kaaa Aaan a 6.993 danish Krone. 6.3125 British Pound.1.4537 German Mark 1.6345 owls franc 1.5185 French franc. 5.5625 dutch Guilder. 1.838 belgian franc. 33.75 Canadian Dollar.1.2424 note figures Ere expressed in dollars to the British Pound other Curr ondes to the Dollar Gold quote $328.00 an ounce. Silver quote $3.57. An ounce. C new York Exchange new Volk up a the 15 most Active stocks in new Vork Stock Exchange composite trading on wednesday. Stock Rwjr Nabisco hid Wal Mart stores Citicorp Philip Morris Homo shopping Chrysler corp ism corp. Tete Fonas de my Hibernia corp general motors k Mart corp atm company Merck amp co inc ctr fwd credit Pepsico Kic Sale 7.084.200 fi.t48.300. 3,073,500 3.058.500 2.781.200 2,751,400 2.717.800 2,140,100 2.074.800 2.066.800 2.046.000 1.951.000 1.876.500 1.803.000 1.778.200 last 6w 33 a 26 h 66 w b Vuk 39 w 55 a a 52 7h 38 i 24 a 57 to 38 h 34 41 Netchy. Ofle off up1/ Ort i up w off a up f up up a up w off up1 h Oft a up1 v4 up v4 american Exchange new v0ak of Topi am can Stock Exchange stack in if corp Heffli protes sols Kirby corp fruit of loom Hii Haven corp Tva corp Nabors Industry new line Cinema Chambers Dev a Amdahl corp the to most a Chr stocks h com posits trading wide today. Talas 872.400 618,000 599.100 533.600 477.500 440.100 376,900 311.400 306.500 304.600 last 6h set 11 h 46 w 35-16 26 w 7 a 13 a 5tt 7w Nat pm a pvt Orv up off to up 3-16 up unch up unch unch Dow Jones new York up a Dow Jones dosing Range of averages wednesday 30 industrials 20 transport 15 utilities 65 stocks 3437 Law class change _ 3368.62 3404,04 up 3.51 1525.96 1490.30 15 3.67 up 14.51 242.55 239.11 241.61 up 1,31 126901 124360 1258.62 up 557 Money matters Friday March 5,1993 Bond traders take a liking to Clinton s economic Washington a president Clinton is receiving the loudest cheers for his economic program from the nations Bond traders and the administration is counting on that acclaim to offset the negative features of its deficit cutting package. The drop in Long term interest rates has indeed been dramatic pushing them to Levels not seen in More than two decades. The bellwether 30-year Treasury Bond fell to another Low wednesday hitting 6.78 percent almost a full percentage Point below where rates stood in november. That Means . Corporations and a Home buyers will be Able to borrow Money at the lowest interest rates in two decades. And administration officials Are taking part of the credit for that development. By their reckoning the giant Bond Market rally is directly linked to their putting Forward a credible deficit reduction program that Aims to tame the beast that has upset financial markets for More than a  Secretary Lloyd a Bentsen Calls it an Quot amazing reduction in interest rates one that was Quot frankly better than we bad  Bentsen told reporters wednesday that the decline held out the potential of providing the Economy with an Quot enormous stimulus Quot by making the Cost of borrowing so much cheaper. Citing a Rule of thumb used by Federal Reserve chairman Alan Greenspan Bentsen said each 0.1 percentage Point drop in Long term rates is Worth. $10 billion in economic stimulus. Asked if he was worried that the Bond markets could reverse course and Start from Mist to limelight artificial fog surrounds the new Airbus a321 during its Roll out wednesday in Hamburg Germany. The aircraft is designed for about 180 passengers and has a Range of nearly 2,700 Miles. The Assembly of the Airbus is done in Hamburg and the symbolic artificial fog was part of the ceremony marking the Roll out of the sleek new Airliner. 16,500 take pm Early retirement delinquency rate expected to drop Washington a a major real estate financing group predicts that mortgage delinquencies Wuich dipped to an 18-year Low late last year will continue to shrink this year As the Economy grows and interest rates fall. According to a Survey released wednesday by the mortgage Bankers association of America the delinquency rate fell dramatically to 4.24 percent during the october december Quarter. That was Down 36 basis Points from 4.60 percent in the july october period and the lowest since it was 4.22 percent in the final Quarter of 1974. A basis Point is one Hundredth of a percentage Point. By the los Angeles times Detroit about 16,500 hourly workers a nearly double the number expected a have taken an Early retirement offer from general motors officials say. The programs wide acceptance gives a boost to the struggling automaker s efforts to trim its bloated work Force. It also provides further evidence of a new cooperative spirit emerging betwee amp pm and the United Auto workers Union. The Early retirement plan announced in december after negotiations Between pm and the Law provides retirement incentives to workers 50 and older who have been with pm at least 10 years. Pm pushed for the Early retirements As part of a larger plan to pare its work Force by 74,000 a including 54,000 Union jobs a by the mid-1990s. The offer came As a special fund providing Laid off workers with full pay was running out of Money. When the Early retirement plan was announced analysts and Union officials estimated that 5,000 to 10,000 employees would take the buyout. Monday was the deadline for applying. Quot it s fair to say that we Are Happy that the response was far More than we expected a a pm spokesman said wednesday. Pushing rates higher again he said that even a 0.2 percentage Point Rise in rates would leave them significantly below where they were before the markets began taking the new administrations deficit cutting pledges seriously. Bentsen traced that moment to his Quot trial balloon during a talk show appearance in january that the administration was seriously considering an Energy tax. Quot we saw it the next morning. Interest rates on the Bond Market dropped substantially Quot he said. A Bentsen insisted that the interest rate reductions will be enough to offset the negative economic effects from Clinton a proposal to increase taxes and Cut government spending enough Over the next four years to trim the budget deficit by $325 billion. Airlines seek to toss out ticket Case Washington apr six airlines fighting charges that they conspired to fix ticket prices asked a judge wednesday to postpone settlements with two other defendants in the Case United airlines arid us air. Attorneys for the six carriers and travel agencies told . District judge George Revercomb that they plan to ask him to dismiss the Justice departments antitrust suit against All the airlines. Any final settlement with United and us air before the judge rules on the dismissal motion would hinder their Case and further hamper Consumers ability to shop for the lowest available fares in an already chaotic Market they said. Quot at this Point there is great confusion in the marketplace Quot said Michael Doyle an attorney Tor american airlines. Quot it cannot help but be having a depressing effect on demand for air  after a three year investigation the government filed the massive suit against the eight airlines in december alleging that they shared planned fare changes through a jointly owned computerized reservation system a airline Tariff publishing co., or at of Chantilly a. Using the at computers the government alleges the airlines effectively fixed prices when one Carrier would announce a future increase and then would go through with it Only if competitors raised their fares As Well. United and us air signed a consent decree the Day the suit was filed agreeing to quit announcing in Advance any increases in ticket prices or the expiration of discount fare offers. The other six defendants a a american Delta air lines Continental airlines trans world airlines Northwest airlines and Alaska airlines a Are fighting the suit. Appliance maker looking for oldest wringer Washer Newton Iowa apr Maytag co. Made As Long ago As the 1920s. Is searching for its oldest operating do Maytag said wednesday that the win Minum tub wringer Washer in a contest Ner will have to agree to sell the addle to celebrate the 100th anniversary of the company a founding. Maytag made 12 million models of the wringer washers Between 1919 and 1983, and says it gets hundreds of letters each year fit it a owners who still use models Ance to the company for $1,000 Ana a new Maytag Washer. The company is asking owners of Alu Minum tub wringer washers still in use to Send their name address phone number and Washer serial number on a 3-by-5 card to Maytag. Entries must be postmarked by june 15, and a Winner will be chosen by july 15 on the basis of the earliest production Date to be determined by the serial number. Entries should be sent to Maytag co., dept cd one dependability Square Newton Iowa 50208