European Stars and Stripes (Newspaper) - December 3, 1993, Darmstadt, Hesse                                Pago 16 the stars Ano stripes Money matters Friday Decombo 3,1993 a a today s rates i Quot. Following arc fixed rates at which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use _ German Mark 1.68 British Pound 1.52 dutch Guilder it i a i it 1.88 greek drachma. 239.11 not tit rata Bov Eppy within the nest country. Figures Ere expressed in dollars to the British Pound other Cutrond 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 Fefee a 1,718.55 turkish lira 13,805.80 Spanish peseta 141.18 t. Portuguese escudo a a a a 175.90 austrian Schilling 12.1065 saudi Royal. 3.7495 bahraini Dinar. 0.3787 kuwaiti Dinar 0.2986 norwegian Krone 7.472 danish Krone 6.802 British Pound. 1.4794 German Mark. 1.7215 Swiss franc 1.499 French franc. 5.924 dutch Guilder 1.9285 belgian franc a a a a a a a a a a a 38.35 Canadian Dollar a a a a a a 1.3351 note figures we expressed in dollars to the British Pound other currencies to the Dollar. _ Odd quote $374.50 an ounce. Quot Silver quote $4.68 an ounce i new York Exchange. New York Dpi a the 15 Moil Active stocks in new York Stock Exchange composite trading on wednesday Hock late Latt he chg Merck conc 4,058,100 34 Oil % Wal Mart stores 3,237,600 28 a off vat amp to company 2,899,500 54 i oath general motors 2,715,800 53 a tip by ism corp 2,385,300 s3 Oboh Vejr Nabisco hid 2,369,100 6 is Uncle storage techno 2,118,000 31 Vic up2ti Westinghouse Al 2,099,800 14 via up a a Avistar into 1,974.400 22% off 2% limited inc 1,790,600 21 i Oft 1 is Tel Tonos dem 1,768,800 55 a Uncle Glaxo holdings 1,766,000 20 a up is Walt Disney co 1,755.500 40 a up is blockbuster ent 1,670,200 33 Folh digital equip my 1,605,400 35 is off 1 american Exchange new York up american Stock to Chang tie 10 most Active stocks it i composite trading wednesday. Tied sales last net Che. Unch Bat industries 1.831.600�? 7 a Atar corp a 1,222,800 8 off 1 Roy Oak mines 1,080200 4 Vuoti Echo say mint 917,too 11% up a Oft i fruit o loom a 651.800 32 a Nabors huts to 447.600 6 a unch tipperary corp 434.900 3 unch Nix corp 429,000 25 v up i Kiter Dott comm 428.400. 6 a up a Columbia Labi 393,800 8vi up i Dow Jones j new York up a Dow Jones closing Range of averages on wednesday High Low close change 30 industrials 3731.73 3673.33 3697.08 up 13.13 20 transport 177666 1749 51 1763.61 up 6.41 15 utilities _ 226.01 222.38 223.11 on2 2f 65 stocks 1377.62 135610 1354 99 up 2.2 Volvo executives against merger paper say Stockholm Sweden a the management of the swedish automaker Volvo was turning against chairman Pehr g. Gyllenhammar and ready to reject a merger with the French Renault even before shareholders Vole a newspaper reported thursday. Volvo president j. Siren Gyll had prepared for thursdays Board meeting in the West coast City of Goteborg by drawing up a document in which most of the management dec farce they opposed the Deal said the newspaper Goteborg Poston Volvo a press information office refused to comment on the article. The rejection of the Deal would Proba Bly mean that the Board withdraws the proposed merger from the Agenda of the extraordinary shareholders meeting set for tuesday. The newspaper said such a rejection would also seriously damage Gyl left Ham Marks position. The merger has been the topic of in tense debate in. Sweden for the past two months. Originally the shareholders meeting to vote on the Deal was scheduled for nov. 9, but it was postponed a month when increasing numbers of shareholders became sceptical. The management led by Gyll has been working secretly on an alternative to the merger with Renault for the past month according to the newspaper., the main swedish objections to the merger Are the Lack of sufficient Guaran. Tees that state owned Renault will be privatized As envisioned that the value of the French company cannot be known until it is privatized and that the French state will retain the Quot Golden share even after privatization and be Able to reduce Volvo s share in the new company. Renault has said it would Only use its Quot Golden share Quot to prevent an outside company from taking Over the proposed Ren Ault Volvo and French government ministers have said they will privatize Renault next year if the Market is right. Seattle a the Boeing co. Announced wednesday that it is cutting Back production of two popular air plane models and said the moves May Lead to the loss of As Many As 3,000 More jobs next year. The aerospace company blamed sagging orders for the cutbacks in production of its 737 and 747 aircraft. Quot while there Are some signs of improvement in the air travel Market losses or inadequate profits continue at Many airlines Quot said Ron Woodard executive vice president of Boeing commercial air plane group. Quot until More customers Are in a position to order new air planes we must reduce our production. A a Boeing will reduce output of its popular 737 twin engine jets to it per month in november 1994 from the 10 a month it now produces. Production of 747 jumbo jets a the worlds largest commercial plane and the company a most lucrative a will drop to two a month starting in january 1995. Boeing now produces five 747s a. Month and had previously planned to Cut that number to three a month in february. Boeing has already Cut roughly 14,000 of 132,300 jobs worldwide this year and plans to pare another 3, by years end. Most of the cuts have occurred in the the Boeing co. Announced wednesday it will Cut production of its 737 and 747 aircraft. This 1986 photo shows a 737 in production at the Renton wash., Plant Seattle area and Wichita kan., and have the first 777 twin engine Jet is sched been blamed mainly on a downturn in the. Used to be delivered to United airlines in commercial airline Industry. May 1995. Union officials Hope the additional Job Boeing launched the 737-x two weeks losses will be offset by jobs on the new ago after Southwest airlines ordered 63. 777 twinset and on the 737-x a new the first plane is scheduled to enter serv modern version of the 737. Ice in late 1997. Job Market shows improvement frito Aims for scoop with new shovel Chip Plano Texas apj7 for those who might As Well use a spoon As a Chip to attack a bowl of dip frito Lay inc. Is rolling out a kind of super frito it likens to a steam  comma shaped scoops Corn chips Are to be sold nationally beginning in february. I the chips taste and crunch one same As traditional frito but Are designed specifically for heating More dip. Washington a the number of americans filing first time unemployment claims unexpectedly dived by 17,000 last week the government said thursday in a report that shows a steadily improving Job Market. In separate reports the government also said thursday that a americans personal income in october Rose a Strong 0.6 percent and they spent the Money freely primarily on big ticket goods such As automobiles a sales of new Homes fell 6.5 percent in october unable to sustain the previous months High level. The Pace slackened in every Region except for the Midwest. Still it was the year s third highest rate which helped boost sales for the first nine months of the year 6.1 percent above the same period last year. The labor department said 321,000 people filed initial jobless claims for the week ended nov. 27, the lowest level in two months. That was Down from a revised 338,000 the previous week. That figure had initially been reported at 339,000. Analysts had expected a decline of about 9,000. Small declines Are common in Holiday weeks because there Are fewer Days in which to file. The week ending nov. 27 included thanksgiving Day. The previous weeks report showed an increase of 1,000 jobless applications Over the veterans Day Holiday week but analysts said it still showed an improving Job Market because the increase was much smaller than the 7,000 expected. The number of jobless claims unexpectedly jumped by 14,000 Early last month to their highest level in More than three months. But analysts Point out that an average of nearly 160,000 jobs have been created each month this year compared with 80,000 in 1992. There was a drop of4,250 in tie four week moving average of jobless claims to 338,750 for the week ended nov 27, a six week Low. Analysts prefer tracking that figure because it smooths out the often volatile changes in the weekly figures. The number of first time claims filed for the week ending nov 20 under a fed eral emergency unemployment program increased to 4,102 from 3,656. No figures were available for seven states and territories. A a a a a r the House and Senate have approved and president Clinton has signed into Law an Extension of that program which had expired on oct. 2. But the latest figures to not include new claims. The Overall total of new jobless claims is one week ahead of the emergency claims and the individual state figures. While the National figures Are adjusted for seasonal variations individual state figures and the emergency program numbers Are not. Initial claims for the week ending nov. 20 increased in 50 states and territories while there were declines in two. One was unchanged. # the biggest increases were in Michigan 12,282 California 6,374 Illinois 4,586 new York 4,146 and Pennsylvania 3,222. The declines were reported in Texas 593, and Kentucky 569