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Publication: European Stars and Stripes Sunday, November 7, 1993

You are currently viewing page 19 of: European Stars and Stripes Sunday, November 7, 1993

   European Stars and Stripes (Newspaper) - November 07, 1993, Darmstadt, Hesse                                Page 20 the stars and stripes Money matters sunday november 7,1993 Dollar watch shown below Are the highest Dollar Exchange rates for the week of nov. 1 nov. 5 compared with Dollar rates for the same period one year and five years ago. German Mark one Dollar would buy you 1.53 1m3 i 12 my military Exchange rate British Pound one Pound would Cost you 1.52 1 58 1.76 belgian franc one Dollar would buy you 36.34 37 70 1993 dutch Guilder one Dollar would buy you 2.01 French franc one Dollar would buy you 5.92 6.085.31 greek drachma one Dollar would buy you 236.32 197.76 148.90 1993 italian lira one Dollar would buy you 1,642 1,345 1993 i 1992 Spanish peseta one Dollar would buy you 135.75 118.00 111.90 1993 i turkish lira one Dollar would buy you 13,099 7,977 Nashville Raleigh Durham Likely Sites far London flights. Washington a the Clinton administration tentatively selected two Southern Sites Friday As departure Points for highly coveted air routes to London. The transportation department said Nashville tenn., and the Raleigh Dur Ham n.c., area will be gateways for the new american airlines service to the British capital. The department said a final decision will be made after the department re views Public comments on its Choice. The service is due to begin april 1. The Southern cities beat out Salt Lake City in the Competition. We Are pushing hard around the world to provide More direct International service to More . Cities said transportation Secretary Federico Pena. There will be new business deals made that would never have been conceived new Trade new economic development that would not have occurred without increased air service he said. The department denied an unusual bid by the City of Nashville to own the air route. Nashville had offered $5 million for a route to London s Gatwick Airport and proposed to then lease it to american airlines. The department said it rejected Nash Ville s bid to buy the route because such awards should be based on the Public in Terest not a City s ability to pay. We Are not  endorse an auction process that could rapidly come to represent a widespread mechanism for reallocating these National assets on the basis of the deepest civic pockets the North Carolina reps. David e. Price and Tim Valentine announce that Raleigh Dor Ham has tentatively been chosen As a Gateway for flights to London. Price is holding a copy of a Magazine that declared the area the Best in the United states to do business. Department said in a statement the Competition began after the Clin ton administration in March approved British airways Purchase of a 19.9 per cent stake in us air for $300 million and coordination of the two airlines operations As part of the Deal us air agreed to surrender its three .-London routes from Baltimore Charlotte , an Philadelphia. British airways already has flights Between those cities and London. What followed was an Avalanche of documents on behalf of airlines and cities vying for the routes. They Are a scarce commodity because a treaty Between the United states and Britain limits their number and location. Stocks Tumble As interest rates climb new York up Wall Street headed South last week As slumping Bond prices sent interest rates spiral my North Ward. The Stock Market started out the week on a Strong note As further signs of an improving Economy helped the Dow set Back to Back record closes monday an tuesday. But the Market s Advance screeched Toa halt wednesday As Bonds weakened further driving the Long term interest rates above the 6 percent level. The sell off continued thursday As interest rate kept rising. Alan Ackerman executive vice presi Dent at Reich & co., said that As inter est rates continued to climb investor Sand traders alike were Quick to take prof  Market which previously had managed to weather Bond prices de Clines showed Little resilience As con Cerns about rising interest rates too hold Ackerman said. He added investors seemed worried that higher interest rates May take some of the steam out of the  Stock Market had been rallying All year partly on expectations interest rates will remain Low. Dennis Jarrett chief Market strategist i ii Kew i a Riv  new York up the 15 Moa Active stocks m Newyork Stock Exchange composite trading on Friday. Toel  great  group.  off Philip Morris corp  Wal Mart Ste general motor Paramount coffirnat4t company Ford motor co chemical Bank sates12.196.400 11.289.300 5.501.6003,817,700 3.330.200 3.308.400. 3,291,600 3.209,300, 2.957.300 2.511.100 2.480,2002.369,200 2,154,9002.145,800 2,070,000 us 6v 7v 51v4 19h is a 54v 36h27 47h 80% 56v% 35  up offal 01v Ufa Cal nov up off it off up in Jbv off  at Kidder Peabody & co., said the Rise i interest rates translated into a rather dubious environment for  for the week the Dow Jones Industrial average which jumped 31.29 Points or 0.86 percent the previous week Heuback 37.16 Points or 1 percent to 3643.43 to snap a five week winning Streak. The interest rate sensitive Dow utilities average suffered a much bigger loss. It tumbled 13.51 Points or 5.6 percent trend the week at 227.26. On wednesday it plunged 6.19 Points for its biggest one american Exchange a new York a pfc to 10 most i a stocks to am Tricia Stock Exchange composite trading fridays t,633,400 11h of Echo Bay Minn 1.584.500 12h Neft Royal Oak mines 1,237,900 5v once  556.400 4v4 o1 Rhinow direct 497.700 a  system 475,100 14v up re scorn 471,900 j7h olm of new service 441.100 315-18 up a soap corp. Pic 382.400 40v Otto Phi Long 0 Tel 378.900 57h Dow Jones York up Tow Jonn Doskie Rangi of a Era Gas on Friday 30 industrials 36638 Kim 36�1431728.78 1687.97 1717.87 up 11.97 .22fs 2271 227.2 upo.881354.23 1323.44 1348.11 up 7.41 it Olav a cd mme. Up 18 45 it dived 9 87 Points june the new York Stock Exchange composite Index fell 5.18 Points to end the Eek jl254 20 and Standard & 500 Index dropped 8.26 Points to declines overwhelmed advances 1,916-636 among the 2,809 issues traded. General Mills stirred up about roadkill Helper a flip apr l 1c Apt the inf pc a Lillock Tyrl oni Mil no k�l.,n _ s4s Minneapolis a the jokes about hamburger Helper Are pretty stale by now and general Mills still in t amused. The company is suing the maker of a gag product called roadkill Helper alleging trademark infringement. Kevin Johnson president of gag foods of Woodland Park colo., says he got his idea when he and his son saw a squashed animal on a Highway. They d just seen National Lampoon s vacation the 1983 movie starring Chevy Chase that included several hamburger Helper jokes. Roadkill Helper contains Only about a Penny s Worth of Macaroni -. Just enough so the Box rattles and stands up straight Johnson said. And it comes in a Box that resembles hamburger Helper. In a us. District court lawsuit filed Moth Golden Valley based general Mills said Consumers will be confused by the products jeopardizing trademark that Cost $500 million of Anders. Gag s attorney ,11 a Paro  
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