European Stars and Stripes (Newspaper) - February 04, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters Friday february 4,1994 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 1.69 British Pound 1.54 dutch Guilder 1.89 greek drachma 242.2836 note the rates above apply within the Host country. Figures Are expressed in dollars to  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 Curren cies italian lira 1,692.00 turkish lira .17,338.80 Spanish peseta 141.37 portuguese escudo. 175.40 austrian Schilling 12.2105 saudi Royal 3.7498 Bahrain a Dinar 0.37675 kuwaiti Dinar 0.2971 norwegian Krone. 7.4625 danish Krone 6.745 British Pound. 1.4954 German Mark 1.7372 Swiss franc 1.4552 French franc 5.9012 dutch Guilder. 1.9428 belgian franc 35.87 Canadian Dollar. 1.3255 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $384.00 an ounce Silver quote $5.32 an ounce new York Exchange new York up the 15 most Active stocks in new York Stock Exchange composite trading  Sears Roebuc Kuniss corp Rwjr Nabisco hid Wal Mart Storest Elefonso de my k Mart corp Paramount comm Hanson Lcmay dept stores Glaxo holdings Humana inc general motor Sec corp ism corp bake Hughes silei6.865,100 4,424,700 4,294,1004,175,900 3,475,3003,377,900. 3,089.8002,717.800 2,665,600 2,654,000 2,617,100 2,217,700. 2,199,100 2,153,200 2,005,500 list 51 1/i 147m 27v474 19% 7822tt 38v 20 /4 21 it. 61 /421% 56h 21v net chg. Off 2v up it up /4 unch Offutt of 17/4 up off. It up 4 putt of Tolett off1/ american Exchange new York up the 10 most Active stocks i american Stock Exchange composite trading wednesday. Stock Energy service Sheffield med Teh Echo Bay mines Royal Oak mines citizens St be atari Cor charter med cup Hasbro inc Gaylord contort ply Gem Industry sales1,399,200 938.200619,400 544,900541,400 511.600490,800 476,400443,500 434,200 list Nelcha. 3 13-1 6 up 1-1 6 8v 13% 4tt 8v 7 /23v 34% 5 22v off7/off% off a up unc Hunch up off1/ up Dow Jones new York up Dow Jones closing Range of averages on wednesday nigh Low Clou change 30 industrials 3997.78 3937.27 3975.54 up 11.53 20 transport 1873.77 1845.08 1862.29 up 9.05 15 utilities 226.27 223.04 225.15 up 0.66 65stocks 1454.85 1432.91 1446.61 up5.12 joblessness to soar worldwide Washington a More than 35 million workers will be unemployed in Industrial countries by year s end the highest rate since the great depression of the 1930s, the International labor organization predicts. Joblessness has dropped during the 1990s in much of the americas and some asian countries even have labor Short Ages. The Ilo predicts that the . Rate will fall to 6.5 percent this year from 7 percent in 1993. But the Overall rate for Industrial countries is 8.1 percent. Job losses Are massive in countries moving to a Market Economy it said. Disney will put goofy twist to Rotten Region of big e by the new York times new York Walt Disney co., the giant of family entertainment will Intro Duce Mickey goofy and lots of surprises to a Street with a reputation As perhaps the nation s a Laziest. City and state leaders immediately hailed Disney s move to rehabilitate and reopen the landmark new Amsterdam theater in september 1996 in conjunction with a Long stalled  revitalize 42nd Street in mid Manhattan. They Promise other announcements soon.  match were made in heaven this is it said mayor Rudolph Giuliani who predicted that Disney s move would jump Start the redevelopment project. You re going to get rid of the filth said gov. Mario m. Cuomo who called 42nd Street a sewer. It s the beginning of a whole new  the Deal under negotiation for several months Calls for the City and state to lend Disney $21 million at a 3 percent in Terest rate. The governments will get an undisclosed share of the profits. Disney has agreed to spend $8 million of its own Money to renovate the 10-Story Art Nouveau theater.,. Vincent Tese. Chairman and chief executive officer of the state Urban development corp., said Many other entertain ment companies had expressed interest. Tese also said negotiations with Tus Beauty and the beast a traditional chinese lion dance said to bring Good Luck is performed at the opening ceremony of a Ferrari showroom in Bering on tuesday. The company has sold three cars in China since it entered the Market last year. The car on display costs $140,000, but the Price can Rise to $350,000 after taxes. Cows to get at producing Woodsboro my. A the milk you drink May soon come from cows injected with a genetically engineered hormone that makes them produce More. And that has Many grocers and Dairy Farmers worried Are Consumers ready for scientists to tinker with milk after nine years of Federal government scrutiny a Bovine growth hormone goes on Sale today for use by the nation s Dairy Farmers. It will be the first major test of How the Public feels about using genetic engineering to produce food. A genetically engineered enzyme has been used for years to Snake cheese and researchers Are developing a genetically engineered Tomato. But this is the first use of genetic engineering on living Crea Tures to produce a food that traditionally has symbolized purity. Not to worry said Gary Grossnickle who milks 500 cows in Walkersville near Woodsboro. It  most widely tested agricultural product Vin history said Grossnickle 41. It took nine years before the food and drug administration approved the product nov. 5. A congressionally imposed genetic shot More milk moratorium was to expire thursday on use of the hormone. St. Louis based Monsanto co., which developed the drug is to begin sales today. Three other manufacturers Are seeking Fra approval. Farriers will be Able to order syringes loaded with a genetically engineered copy of the growth hormone that is Natu rally produced by cows. Because it s Cre ated artificially the hormone is consid ered a drug and its use is regulated by Thesda. No. One knows How Many cows from the nation s 100,000rplus Dairy farms will be treated with the hormone. Many farm ers and the companies to whom they sell worry that Consumers won t accept the milk despite government assurances that it s no different from other milk. We want to wait to see what the pub Lic does see How bad they stomp their feet said Kenneth Hein 37, whose fam ily has 250 milk cows in Stratford wis. New York state s consumer Protection chief Richard Kessel has asked the Fra and state agriculture officials to re quire that milk made with the drug be la bleed if sold in new York. Both agencies refused. Saud s group of London to install a "1990s version of the company s Wax museum were progressing rapidly. By this time next year All the deals will have been made he said adding that "42nd Street has the potential to be a major major tourist attraction in the United states he said. The Victory theater across 42n.d Street from the new Amsterdam is being readied for opening As a children s Thea Ter the first of nine historic Heaters to be  new York information Center with the latest on sightseeing tips theater openings museum exhibitions and the like also will be created. Index Points to even More growth in 94 Washington a the govern ment s chief economic forecasting gauge Rose 0.7 percent in december suggesting continued expansion later this year. The Commerce department said wednesday that its Index of leading economic indicators now has risen for five straight months including 0.5 per cent advances in both october and no vember. The increase was in line with economists expectations. The cumulative increase for the five months was 2.5 percent the largest such increase since a 6 percent Rise Over seven months in 1983. In another report wednesday new Home purchases were shown to Haye unexpectedly shot up 11.4 percent in de Cember helping push sales in 1993 to a five year High and providing momentum for further growth in housing this year. Housing sales in 1993 Rose 9.7 percent to 669,000, the highest since 676,000 units were sold in 1988, the departments of Commerce and housing and Urban development reported. T in the Index of leading economic indicators three consecutive moves in a single direction Are considered a Good gauge of where the Economy will be mov ing in the next six to nine months. After the Index expanded at a torrid 5.9 percent annual rate in the final three months of 1993, Many analysts expect eco nomic growth to slow because that rate of growth was not sustainable. They now say growth will be further curbed in january by the effects of the severe Winter weather and the los Angeles earthquake. But that should t take away from the fact that the Economy seems on much More solid footing now than it was Early in 1993, when growth came to a near standstill said Laurence h. Meyer head of a St. Louis economic forecasting serv ice. In fact eight of the Forward looking indicators Rose in december two fell and one was unchanged. Advancing in order of their Impact from largest to smallest were a Rise in an Index of consumer expectations. An increase in raw material prices suggesting stronger demand. A decline in weekly initial claims for unemployment insurance. An increase in applications for build ing permits. An uptick in orders for consume goods. Slower business delivery times a sign of increased orders. An increase in the inflation adjusted backlog of orders at factories for durable goods. And rising Stock prices