European Stars and Stripes (Newspaper) - November 24, 1993, Darmstadt, Hesse                                Paga 18 the stars and stripes Money matters wednesday november 24, today s rates following Are fixed rates a which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use German Mark .1.67 British Pound 1.52 dutch Guilder 1.85 greek drachma .238.816 note the Rales nov of  within the hos country figures Are Ampf Esseff in dollars to Fth British Pound other currencies to the Dollar following Are Interbank rate that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren cies italian lift 1,704.00 turkish lira 13,517.00 Spanish peseta. 138.08 portuguese eau do. 173.65 austrian chilling. 11.917 saudi Royal. 3.749 Bahrain Dinar. 0.3767 kuwaiti Dinar. 0.2962norwegian Krone. 7.4135 danish Krona. 6.7675 British Pound. 1.4785 German Mark. 1.7045 Swiss franc. 1.4935 French franc. 5.9225 dutch Guilder. 1.91 Baglan Frane 36.22 Canadian Dollar .1.3273 not figures tre expressed in dollars to the British Pound other currencies to the Dollar Odd quote. 1378.05 an ounce Shver quote m Man ounce new York Exchange new York up the 15 most Active stocks in Newyork Stock Exchange composite trading monday. Stac Burlington re a Paramount com Merck co toe Unilever a Chrysler corp Tel Fonos of a general motors Wal Mart stores or Nabisco hid Ford motor co ism corp Motorola toe Gen electric Walt Disney co Tilhoo Kolc Salti last net pm. 7,408,400 5.813,9005.650700 5.612,3003,102.200 52 /4 3.036.000 3.007,3002,994,100 2,778,5002,734.800 2.595.3001,988.700 1,926,100 98 v,1,903,700 38 it 1.876,600 45 a up 1 v,79 up 2v 33 h effttt110 unch Oft 256 off s2v ofmvfr29 h of Flat 6h unch 59 h off 2v52 Novi 93 off a unch off /off2 it american Exchange new York up Tea 10 most Active stocks i american Stock Exchange composite trading monday. Stack Sain at  Bay mines 783.100 13 pvt  652.200 2v4 up 11-16wart corp 537,800 7 Tuph  488.500 29 up Royal Oak Minn 436,600 4v up is Salomon Whitro 409,200 45-16 offm8sulcui computer 373.500 Ivi och Weatherton Dix 350.400 11h up Viacom in i 356.100 40 h of Fth Usebio Klenck 318.500 10 v. Eff now Jones new York up Dow Jones closing Range of averages monday 30 industrials 36972 3627.78 387025 of 23T20 transport 173583 1699.51 1711.260 11603 is utilities 22561 22146 22397 up 03365 stocks 136011 133354 134699 off 61 Mcdonald s sets goal Oak Brook. Iii. A Mcdon Ald s corp. Said monday that it will open 900 to 1,200 restaurants worldwide next year and maintain that Pace of expansion for several  s had about 900 net open Ings this year up from 675 in 1992. The company opened about 500 per year for several years before  one third of the new restaurants will be in the United states and two thirds overseas the same ratio As this year. Mcdonald s said. I Mcdonald s has about 14 000 restau rants in 68 countries. More than 80 per cent of them Are owned by franchisees. Broad sell off sends stocks into 4th straight . A trader watches a nose Monitor just before the closing Bell monday. New York a the Stock Market skidded tits fourth straight decline monday As concerns about rising interest rates continued to plague investors who mounted an across the Board sell off. The Dow Jones Industrial average started off lower partially because of some program Selling then bounced off the 3,650 Mark four times before the  finished Down 23.76 Points at 3,670.25. Declining issues outnumbered advances by about 7to 2 on the new York Stock Exchange with 1,707 Down 488 up and 500 unchanged. The nose s composite Index dropped 2.28 to253.25. The Nash a Index dropped 13.43 to 738.13. At the american Stock Exchange the Market value Index lost 7.10 to 460.88. Interest rates on the . Treasury Bond Market Rose again monday As investors continued a sell off that began in  investors fear the accelerating economic recovery will inspire higher inflation and prompt the Federal Reserve to boost interest rates generally. These higher rates would Hurt the value of existing fixed income in vestments like Bonds. The Stock Market followed the sell off in  traders believe higher interest rates May prompt a Large movement of Money out of stocks Ana into Les risky investments like certificates of Deposit that have been paying paltry  a result analysts said Stock investors Are taking profits before year s  managers Are not willing to take on any uncertainty for the next few weeks. It becomes very tempting to show some Good performance for the year and just close the books said Eugene Peroni director of technical research at Janney Montgomery Scott inc. In  Murphy senior Market specialist at Merrill Lynch called the decline a Normal Market correction following record highs earlier in the fall. You can attribute this to interest rates in the Sens that the Bond Market is in its own correction. I Don t think it s any More serious than that. It s a correction for both markets and once the corrections run their course Well be Able to move higher  judge delays decision on Paramount Sale new York a Viacom inc. Extended its Friendly Cash offer for  amount communications inc. By two Days after a Delaware judge said he needs More time to Rule on a Challenge brought by hostile bidder ivc network  delay in getting the decision could mean that the biggest takeover Battle since the 1980s won t be resolved until after  analysts said the delay did t signify anything about the likelihood of Suc Cess by either Paramount s preferred partner Viacom or its unwelcome suitor one time Paramount picture Boss Barry Diller  bid of Cash and Stock is valued at about $10.6 billion compared with Viacom s offer of $9.3 billion. In a Telephone conference Call Vic Chancellor Jack Jacobs told those involved in the Case monday that he needed More time to decide and won t Rule until today at the earliest the eve of the four Day thanksgiving Holiday. Viacom s offer of $85 a share in Cash for 51 percent of Paramount the movie maker and publisher was to have expired at Midnight monday. But Viacom agreed during the Call with the judge to extend i until Midnight today. Ivc which also extended the expiration of its unsolicited $90 a share bid by two Days until dec. 1, wants the court to sweep aside anti takeover defences that Are blocking its hostile bid for Paramount and to prevent Viacom from concluding its tender offer for Paramount in the meantime. In addition to Cash for a controlling in Terest in Paramount each bidder is offer ing Stock for the remaining 49 percent. Jacobs heard arguments in a pcs cases week ago but Only received requested supplemental material sunday evening. Whatever his decision the loser will probably Appeal to the state supreme court and it is Likely both bidders will be prohibited from buying Paramount Stock until the Appeal is heard. Paramount s Board has already rejected a pcs latest offer in a bidding War now in its 10th week although the Stock Market is valuing a pcs offer at about $13 billion More than Viacom s bid. Paramount cited concerns about Lehaland financial contingencies in rejecting the ivc bid last week. Paramount also feels a merger with Viacom represents a better strategic  is a leading entertainment producer that makes movies and tvs Hows owns sports teams and theme Parks and publishes books. Viacom owns Cable to networks Suchias mtg and Showtime and has Cable to systems with 1.1 million subscribers. Ivc the Cable shopping Channel operator based in West Chester pa., wants the court to dismantle defences that would make a hostile bid for Paramount prohibitively expensive. A act accuses insurer of discrimination Washington a the a apis accusing the Greico insurance company of giving favourable treatment to Home owners in Washington s More affluent neighbourhoods and of discriminating against its employees. The suburban Montgomery count chapter of the National association for the advancement of coloured people Al Leges that the insurance company is Vio lating Federal insurance Laws. Four Greico insurance sales employees and one former employee said the company extends preferential treatment to some Washington neighbourhoods an unfairly targets employees who complain of company Bias. The a act originally consulted Eico the nation s fourth largest car insurer about discrimination by other insurers until the employees complained of the company s practices said Greg Wims president of the Montgomery county instead the organization discovered Eico is eliminating insurance possibilities for thousands of americans Low income individuals who happen to live in our inner cities Wims said. Wims also accused Greico of discriminating against Black employees. He said the company suffers from Sticky  they May hire Black but they restock on the  he said. Edward Utley vice chairman of Gei co i Board of directors denies allegations of any discriminatory  can complain about anything but our record of equal Opportunity an treatment of minority associates is Excel  he said