European Stars and Stripes (Newspaper) - December 20, 1993, Darmstadt, Hesse                                Pago 19 the stars and stripes Money matters monday december 20,1993today a 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 .1.53 dutch Guilder 1.86greek drachma 236.5676 not the rates above no pay Utthi Rutho Host country. Figure or expressed to 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 1,692.00 turkish lira. 14,058.20 Spanish peseta 140.78 portuguese escudo a a a a a a a a a in 174.70 austrian Schilling .12.0095 saudi Royal. 3.79 bahraini Dinar .0.3767 kuwaiti Dinar norwegian Krone 7.4155 danish Krone .6.6b7 British Pound .1,4882 German Mark 1.7087 Swiss franc. 1.4595 French franc. 5.8405 dutch Guilder 1.913 belgian franc 35.66 Canadian Dollar ppppppipvp4ipp44vpp4 1.334 note figures Are expressed in Dollar to the British Pound other currencies to the Dollar Good quote $305.80 an ounce Silver quote $5,00 an ounce Disney could scuttle Park if Virginia balks at tax Aid a a a a. A. I. A m 4 a 4t. Foreign stocks due for a Rise analysts say new York apr american investors worried that Wall streets Bull run could slow to a crawl next year can take Comfort from predictions of a sprint ahead for foreign stocks. I a Many overseas markets Are where our Market was two years ago a poised to move strongly higher As interest rates decline and their economies emerge from by the Washington Post Burbank Calif. The chairman of Walt Disney co. Warned that the company could change its mind about building its planned . History theme Park in Northern Virginia saying Disney will Back off unless Virginia legislators support taxpayer Fin a need improvements in roads and other infrastructure to support the Park. Disney chief Michael d. Eisner said that the company will wait to Purchase land on which it currently holds options in Prince William county until its Clear opponents of the Park will not prevail. A we have to know that there is no Chance that the special interest groups could destroy it and that the necessary private Public partnership has been com i Etc do Eisner said. Disney could not afford to finance Highway construction itself he said saying the Cost would a a Crater the company financially. In an interview last week at Disney a Headquarters in Burbank Eisner 51, also defended the company against criticism of some of its planned exhibits at the Park to be called Disney Samerica. He said the attacks were premature and  in addition Eisner said a Disney executive misspoke last month when he predicted an exhibit on slavery would Quot make you feel what it was like to be a  it would be a presumptuous a Eisner said for anyone to claim to be Able to convey what it Felt like to be a slave. Eisner said the executive who made the comment senior vice president Bob Weis Quot is not a person who generally talks to the  Eisner said the project was not designed a to Plasticizer the United states or a to a Mickey mouse american history in the pejorative sense of the word that people sometimes  rather he said its Overall message will be that the United states a is the Best of All possible places. This is the Best of All possible  plans for the Park which is scheduled to open in 1998, have drawn mixed reaction in and around Haymarket where Disney has options to buy 3,000 acres of land of which to build the 100-acre Park. The Park would create new jobs and Spur business development in Prince William county but some local groups have objected that the accompanying construction crowds and traffic will spoil the areas Rural character. Recession Quot said Jon s. Fossel chairman and chief executive officer of Oppen Cimer management corp. A from an investment perspective our past is their  Fossel forecast that foreign stocks will outperform . Stocks to a significant degree in 1994, with about double the gains. Many markets overseas Are undervalued he contended in a yearly report and 1993 was just the first of a three to five year bullish Cycle during which foreign shares consistently will do better than their american counterparts. The dollars value against other major currencies will change Only slightly next year which will help . Investors make predictable returns on their holdings abroad he predicted. Shifting currency values always Are a key consideration for globally minded investors. The trick for investors will be to determine which countries Merit their Money. In a recent evaluation by global investment strategists at Nat West securities corp., for instance French and Spanish eau ties were Given better prospects than other european stocks. Investment professionals also Are touting stocks in emerging markets in latin America the Pacific rim Eastern Europe and elsewhere. Japanese stocks Are seen As Good buys now by Many analysis who believe government engineered interest rate Ana tax cuts will restore health to Tokyo a weakened financial markets. An annual list of predictions prepared by Fossel of Oppenheimer contained cautionary comments however. He indirectly referred to fears in financial circles of what could happen if the flow of Money into Mutual funds suddenly reverses course. A wide Angle Lens give an exaggerated View of the main Entrance of the Mem grand hotel Casino and theme Park in Las vegas. The huge resort attracted about 65,000 people sunday for its opening. Las vegas colossus has grand opening Las vegas Nev. Up an estimated 65,000 people turned out saturday for the opening of Las vegas Mem grand hotel Casino and theme Park which is billed As the largest hotel and Casino in the world. The Mem grand is the third new hotel to open along the City a famed strip within the past two months following behind the Luxor and treasure Island hotels. The huge facility entails a 5,005-room hotel Casino events Center and 33-acre theme Park. Executives said the hotel is geared toward families noting that research shows members of the a baby Boomers generation feel guilty about not spending enough time with their children. The resorts theme Park includes 12 rides and several live shows geared toward families. Resort spokesman Eric Hiss said an additional 8,000 people paid admission fees ranging Between $20 and $25 to enter the amusement Park. But one of the most anticipated events surrounding the Mem grand a opening is yet to come. Tickets to Singer barbra Streisand s two new years eve concerts which sold out minutes after they went on Sale Are going for As much As $1,500 each. China to allow imports of american apples Washington a . And chinese representatives signed an agreement saturday to allow the Export of apples grown in Washington stale to China the agriculture department announced. A for the first time China is allowing american apples in commercial quantities into that country a agriculture Secretary Mike Espy said in a statement. The Deal was signed by . And chinese agricultural officials in Portland ore., said Mary Dixon a spokeswoman for the agriculture department. The first Sale is expected in March it said. The Industry estimates that More than 400,000 boxes of apples would be shipped to China in the initial Sale Dixon said. A Box contains three quarters of a Bushel of apples. The agriculture department did not have any immediate estimates of the Quantity of Washington state apples that would be sold in China she said. But Espy said that the Outlook for Apple exports is a exceedingly Brights be cause of the Large markets for american grown apples in Japan Taiwan and hoi Kong. Apples Are already popular China. Espy said the Clinton administrate envisions the agreement a was the first in series of Steps that would open China i to imports of a wide variety of . Fri and vegetables a from All parts of to  under the terms of the Deal Appl must come from certain Orchards and i packaged at designated facilities