European Stars and Stripes (Newspaper) - December 8, 1993, Darmstadt, Hesse                                Page 16 the stars and stripes Money matters wednesday december 8,1893 today s rates following Are fixed rates at which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use German Mark. 1.66 British Pound .1.54 dutch Guilder. 1.b5 greek drachma epee Yeeee 240.6694 not Tho rates above Appy within the Host country figures Ere 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 1,674.00 Turkla lira a  13,807.80 Spanish peseta 139.48 portuguese escudo 173.49 austrian Schilling 11.974 saudi Royal aietsbeflfleeei4�f�efeeee 3.749 bahraini Dinar 0.3767 kuwaiti Dinar 4f4li4li44iiifethh4 0.2978 norwegian Krone. 7.38 danish Krone. 6.999 British Pound. 1.4997 German Mark 1.7027 Salaa franc n<eiih<4mih44l44444 1.4655 French Irene. 5.851 dutch Guilder 1.9088 belgian franc 35.58 Canadian Dollar .1.3223 not figures Ere expressed in dollars to the British Pound other currencies to the Dollar a Gold quote 5374.35 an ounce Silver quote 4jz denounce e new York Exchange new York up a a tin 15 Host Active stocks in new chinos. Quot Vork Stock etchings composite trading on monday steel Hinson pc Tel Fonos it is Seagram co Merck i co inc limited inc Central motor Motorola he Abbott labs inc Philip Morris Natl med Feitor Rwjr Nabisco hid global Marins Glaxo holdings Aht company Natl sell Condo sates 3t.2t7.400 5,213,400 4,559.200 3,644,800 2.579.700 2.517.600 2,421.100 2.128.500 2,122,000 2.112.700 2.073.300 1.963.500 1,941,900 1.912.600 1.799.300 till 19h 59 i 24 a 34 w 17 w 54 v. 94 w 30 55 i 12 Vuk 6v< 3va 20 w 55 it 15 Nettig Oil /. Up 1 Vuk Olav. Up it up w of /. Ot12 up w up up h uncut 08 w up Vuk up Vuk onh c american Exchange new York up american Slock fetch Slock new York times a Energy service served he Amdahl com Salomon Pilbro Royal Oak mines Ivan corp Echo Bay mines atari corp Gaylord coot it the ten Moil i calve stocks in Ange composite trading monday Sale b03, 601.300 541,500 477.700 364,400 364,000 363.700 329.200 304.200 304,900 last 29 w 3 116 5 v. 5v5 315-16 4 i 26 a 12 i 7 i 3�?T/. Nit Chi up i up 1-18 up. Up w unch unch off v. Off i off i o6 1-16 Dow Jones new York up Dow Jones closing Range of averages on monday 30 industrials 20 transports 15 utilities 65 stocks High 3736,44 1777.72 226.87 1379.87 Low close change 3687.30 3710.21 up 6.14 1749 08 1756.35 off 7.69 .225 81 up 1.91 1367.96 up 0.83 223.17 135939 German Economy heartened by Rise in Domestic product Berlin apr the German Economy registered modest growth in the third Quarter with the Gross Domestic product rising 0.5 percent from he second Quarter the Federal statistics office said tuesday. Western Germany has been in its worst postwar recession damaging prospects for growth in other countries. Since the summer there have been signs that the Bottom has been reached though unemployment is expected to increase Well into 1994. U.s., dec Edge closer on Trade but still Haggle Over films to Brussels Belgium a the United states and the european Community Early tuesday reached agreement on farm subsidy cuts and other Trade is sues but failed to resolve a dispute Over film and to show exports. The partial settlement after almost 24 hours of bargaining apparently solves most of the differences blocking a Pew 116-nation Trade pact under the general agreement on tariffs and Trade. I but the inability of the giant lading partners to resolve All their differences will Likely make it More difficult to bring the world Trade talks to a successful conclusion by the dec. 15 deadline. That is the last Day president Clinton can notify Congress of a proposed Gatt Accord under a fast track rules barring lawmakers from attaching amendments that could kill he Accord. The. Pact is meant to Tower tariffs and other Trade barriers in More than a dozen areas including agriculture textiles manufactured goods and financial services. Agreement on Alt issues could pump More than $200 billion a year into the ailing world Economy. Many fear that a Gatt failure could bring Trade wars and More recession. A we have made real Progress on a number of the most important issues that remain Between us a said . Trade representative Mickey Kantor who held negotiations throughout the night with the dec Trade chief sir Leon Brit Tan. Kantor confirmed the trading Powers had been unable to resolve their differences Over european subsidies to films and to programs and european support for the airline Industry. Still he said �?o1 am confident that this Progress can be translated into Success at the world Trade talks under Way in Geneva. A having come so far we must not let this Opportunity slip from our grasp Kantor said. In Geneva Gatt chief Peter Sutherland urged the United states and Europe to Settle their remaining differences. A i refuse to accept any failure to conclude negotiations. Between the european com Kantor Unity and the United states a he said in a statement. Kantor and Brittan were expected later in the Day to travel to Geneva for More discussions. The negotiations have been delayed repeatedly by bitter disputes Between the United states and Europe mostly Over cuts in government payments to Frances 1 million Farmers. In the end however it appears the farm Issue was resolved but negotiations hit snags Over films and european aircraft subsidies the United states has insisted that the movie Industry be part of a Gatt Deal France though refused saying films Are part of a country a cultural heritage and should not be subjected to free traae. Europeans fear their countries will be swamped by Hollywood productions if they Are barred from subsidizing their movie Industry and imposing restrictive quotas on .-made to movies. A we were not. Able to conclude an agreement in the audiovisual sector because the dec was unwilling to provide foreign companies fair Access to the revenues that Are their due a Kantor said in his statement. The american movie Industry has complained about the French practice of Tak my a slice of Box office receipts a whether for a . Or French film a and giving the Money to French filmmakers actors distributors and writers. A the United states a he said a was willing to be flexible in this sector. But our flexibility has yet to be met with equal flexibility on the dec  he said the Community also refused to give ground on the Issue of subsidies to the civilian aircraft Industry. European nations provide hefty support payments to Airbus a consortium of their air plane makers. A there Are still some difficulties left a said belgian foreign minister Willy Claes whose government holds the dec s rotating presidency. In return for concessions to the dec the United states won an dec Promise to open its markets wider to such products As Cereal meat and milk. Court rejects to $5 million started in 1791 Boston apr a Trust Ben Franklin established to make Loans to Young business people has swelled to about $5 million and should be divided Between the City and the state Massachusetts highest court ruled monday. The supreme judicial court denied the claim of the Franklin Institute that it was entitled to the Money under a 1958 Law. The Small technical College was started in the Early 20th Century with Money from the Trust. A a it a a very very sad Day for the Franklin Institute this decision is a blow at inc survival of the  said the institutes president Richard p. Do Ono Rio. The Institute with about 300 students offers studies Iii automotive technology electrical engineering and other Fields. Richard Allen chief of the division of Public charities at the state attorney general a office hailed the decision. Quot it shows that the original wishes of a charitable donor will be taken very seriously by the court and the court will protect those wishes and make sure they re carried out a Allen said. The Trust was set up in March 1791, with $4,444.44 transferred from Franklin a estate to the City Allen said a in his will the statesman Printer scientist and writer called for the fund to Grant Loans at 5 percent annual interest rates to help Young married apprentices in setting up businesses. After 100 years Franklin specified some of the Money was to be Given to the town of Boston while the rest was to continue being loaned out. After 200 years Franklin specified the Money was to be divided Between the City and the state a not presuming to carry my views farther.�?�, a commission that studied the Fate of the fund noted in 1958 that there were no More Young married apprentices to lend Money to. That same year the legislature passed a Bill seeking to terminate the Trust and give the Money in it to the Institute. But the supreme judicial court asked to approve the termination in 1960, said helping Young apprentices was Only one part of Franklin a wishes. He also wished to give the City and the state a gift after 200 years the court said. That 1960 decision Quot put an end to the vitality of the 1958 Law the court said monday Burger King vows to Aid minorities Miami apr Burger King corp. Pledged $100 million Mon to support minority group  in its restaurant system Over re years. Operation push a civil rights group that had been Nego Xialing with the fast food Chain Over the Issue praised the company for investing in the financial health of minority communities Burger King defined the four ethnic groups involved in the Deal As hispanics. Blacks East indians and native americans. Of its 6,000 restaurants in the United states 720 Are owned by minorities the company said. A this really helps the Economy a a said the Rev. Willie t. Barruw chairwoman and chief executive of operation push. Quot Burger King has taken the Lead in terms of creating Small businesses in our Community. A the Miami based company a subsidiary of grand metropolitan pc of great Britain will provide $10 million per year for five years in development Money for minority franchisees. An additional $10 million per year will be provided in the form of loan guarantees for or direct investments in minority suppliers to the Burger King system. Burger King was sued in 1988 for $500 million by 12 Black franchisees who claimed that Blacks were charged up to twice As much As other Burger King owners to Purchase a franchise. Both the company and Barrow said the latest program is not directly related to the lawsuit. The company settled with six of the plaintiffs and six plaintiffs have separate lawsuits pending said Burger King general counsel Mark Giresi. Other restaurant chains such As Flag Star corp., Parent company of Denny a and Shoneye a inc., have offered multimillion financial incentive plans in the Wake of discrimination lawsuits. The National association for the advancement of coloured people entered into a billion Dollar program this year with Flagstad. Fred Rasheed National director of the economic development program for the Naaf said the Burger King program a sounds pro-active.�?�. Quot its a Good program a he said. Quot i Hope they Are Able to achieve  the plan includes specific initiatives to improve minority representation including franchise development operations employment procurement marketing and advertising corporate contributions and banking