European Stars and Stripes (Newspaper) - November 12, 1993, Darmstadt, Hesse                                Pago 18 the stars and stripes Money matters Friday november 12,1993 a   Law it today s rates following Ore fixed rates at which Community bunking and credit Union facilities will sell for eign currencies to . Personnel. For personal use German Mark. 1.65, British Pound 1.51 dutch Guilder. 1.84 greek drachma. 238.3938 not the rates Abov apply Winn Tai to country. Figures to War mid n it slims to tit British Pound other Surron Cru to rho Dollar following arc Interbank rates that fluctuate and should be regarded As the approximate value of Mac . Dollar to foreign Curren cies italian lira 1,651.20 turkish lira 13.217.40 Spanish Tatta 136.03portuguese escudo 173.40 austrian Schilling. 11.8775 saudi Royal 3.751 Bahrain Dinar 0.37681 kuwaiti Dinar 0.2983 norwegian Krone 7.356 danish Krone 6.735 British Pound. 1.4765 German Mark 1.6905 Swiss franc 1.4925 French franc 5.894 dutch Guilder 1.8935 belgian franc Canadian Dollar �1.3107 note figures a expressed in dollars to to British Pound other currencies to the Dollar Gold quote $377.15 an ounce Silver quote $4.57 an ounce i new York Exchange i new York up the 15 most Active stocks in Newyork Stock Exchange composite trading on wednesday.  tet Fonos it my Rwjr Nabisco hid Genera motors Merck a co to news corp Ltd Wal Mart Stor Swaff Disney co at to company Rwjr Nabisco of  Pacific Telesz Philip Morris coca cola co a corp sates 7,148.6006.825.000 5.833.6005.044.500 4.812.300 4.218,800 3.833,200 3,743,2003.046,500 2.616,900 2.431.000 2.293,7002,203.400 2.123,700 2.056.700 list nrtchf.47vt off h 52h up a 51 a32v 5329% Uncil ssh7v� uphoff3 /4 up off 56h 55h40h Unchur 1v. Up3v4 off up. American Exchange new York up the 10 most a Fly stocks i american Stock Exchange composite trading wednesday. Stock Royal Oak mines atari corp Echo Bay mines  Reco Gnita inter gel com Hasbro a spi Holdma Bettio Netick toe fruit of loom sites1,955,600 1,603.200 1,338,000629,600 486,100 374,800340,900 340.200 304,800 302.300 list 11h29-18 6v4 39  a Otic up up up 9-16 unch up up Dow Jones new York up Dow Jones closing Rango of averages on wednesday. Hook a clot cfttflm30 industrials 3633.39 3616.60 3663.55 up 23.49 20transpo,1 1748.87 1717.46 1741.39 up 16.03is utilities 226.93 223.11 225.68 us 059 65 stocks 1361.701337.33135484 up 9.22 Public clinics will pay for contraceptive implant by the new York time Washington under pressure from family planning groups the maker of the contraceptive implant norplant said wednesday that it would sharply Cut the Price it charges Public clinics in 1995. The groups have said the High Price has prevented hundreds of thousands of women from obtaining the contraceptive which is placed under the skin of a Wom an s Arm and lasts five years after being implanted. In a hearing before the House Small business subcommittee on regulation a spokesman for Wyeth ayerst laboratories said a primary reason the Price of the implant had been kept High was to pre vent the drug from becoming known As a poor woman a drug and thus perhaps be shunned by Middle class women. Or Marc w. Deitch medical director and vice president for medical affairs at Wyeth ayerst said the drug costs $365 in the United states not including the Doc Tor s charge to implant it. He said the company would lower the Price to Public clinics by a substantial amount in december 1995, but he was not specific. He acknowledged that Wyeth ayerst s partner company Leiras of Finland Sells the drug in Sweden and in some devel Oping countries for As Little As $23. The top Price outside the United states is versatile phone a Telephone that takes Many Pesky chores in stride has been unveiled in Chicago Byam Elitech corp. And Citibank which plan to test it in 200,000 households next Spring. The device which can handle banking Bill paying and other services is equipped with keyboard and Monitor. Customers will be Able to buy or lease the phone. $120. Leiras Sells norplant to the world Market while Wyeth Sells it in the United  Cost to make and Market the de vice is estimated  $16 per device said rep. Ron Wyden p-ore., chairman of the subcommittee. Wyden told Deitch that he thought the Price to americans was completely out  he said the $17 million in tax payers dollars spent to help develop the device along with $25 million from foundations should have earned a lower Price for at least Public clinics. He said the company had a moral obligation to lower its Price sooner than two years from now. Prudential probe grows paper reports new York a the fraud scan dal at Prudential securities has widened to involve the brokerage firm s Parent company the Prudential insurance co. Of America the new York times reported thursday. Documents and interviews show that agents for the giant insurance company sold investments for several years without the required License through a marketing agreement with the brokerage the times said. Through the agreement insurance agents were paid half of commissions for sales of the investments often in Viola Tion of securities Laws according to government officials quoted by the times. Executives of the companies May have tried to conceal the violations falsifying brokerage records to make the trans actions appear Legal officials said. The sales by insurance agents Are the first indication that Prudential insurance executives May have known of improprieties at the brokerage subsidiary for Merly known As Prudential Bache. That raises questions of whether the Parent company can be held liable for Frau against investors in Prudential s limited partnerships the times said. Sales of the partnerships in real estate Energy and other areas Are at the Center of numerous criminal and civil investigations of Prudential securities. In october the firm paid $371 million to Settle charges bythe securities and Exchange commission and state regulators of widespread fraud inthe limited partnership business. Gasoline tax hike helps fuel Price boost Cable w revenues Frozen again by acc Washington a the Federal communications commission is freezing Cable to revenues until feb. 15 to give local governments More time to set new rates. The freeze which commission impose last april was to have been lifted next Mon Day. But the panel voted 2-1 wednesday to extend it. Extension will give local Cable franchising authorities More time to file for acc certification to reguate Basic Cable rates. It will also give Consumers More time to file complaints with the acc about any excessive charges beyond the Basic package. By the new York times Washington reflecting a higher gasoline tax and other special factors con Sumer prices climbed 0.4 percent in octo Ber the biggest Advance in six months the labor department reported  Rise in the consumer Price Index was widely regarded As a statistical anomaly and not a sign that the recent pickup in economic activity was heating up  tax increase had a one time effect said Brian s. We Bury an economist at Griffin Kubik Stephens & Thompson a Chicago investment House. Overall the numbers confirm that inflation remains  increase followed an unchanged Reading for  another report the department found that first time claims for unemployment insurance Rose a surprising 14,000 last week to 354,000, the highest level Indore than three months. The four week moving average which is considered Amore reliable indicator of labor Market conditions moved up 2,500, to 348,250. Wednesday s inflation report was not a unexpectedly favourable As tuesday s Survey of prices at the producer level which declined 0,2 percent in october. But it showed that underlying or Core inflation eased to 3percent in the latest 12 months. This is the Best year Over year performance since the Early 1970s, when the Nixon administration imposed Price controls. The underlying inflation rate which Rose 0.3 percent percent in october does not include food and Energy which ounce around from month to month often because of extreme weather. Indeed food prices in grocery store spurted 0.8 percent last North the biggest Rise since August 1992. The Advance was concentrated in fresh fruit prices which Rose 18.1 percent in the last four  effect of higher Energy prices was Felt mainly in the transportation sector where prices Rose 1 percent last month the most in three Yean. Gasoline prices which had fallen for seven straight months jumped 4.3 percent As the 4.3-cent-a-gallon increase in the Federal gasoline tax took effect oct. 1. De Mand was apparently Strong enough tallow service stations to pass most of the extra tax on to customers. New cars which fell 3.9 percent at the producer level Rose 0.4 percent at retail with about 30 percent of the Sample consist ing of 1994 models. Used cars climbed 0.6 percent medical costs Rose 0.5 percent the biggest increase since May bringing the 12 month gain to 5.7 percent