European Stars and Stripes (Newspaper) - February 11, 1994, Darmstadt, Hesse                                Page 18 the stats and stripes Money matters Friday february 11, 1994 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 1.72 British Pound .1.49 dutch Guilder. 1.91 greek drachma. 246.2839 note the rates above apply within the Host country. Figures ate expressed in dollars to the 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  cies. Italian lira 1,693.00 turkish lira. 17,666.90 Spanish peseta. 142.81 portuguese escudo. 177.20 austrian Schilling. 12.2865 saudi Royal 3.7498 Bahrain Dinar 0.37675 kuwaiti Dinar. 0.29720norwegian Krone. 7.579 danish Krone 6.857 British Pound. 1.4612 German Mark. 1.7615 Swiss franc 1.4829 French franc. 5.9785 dutch Guilder. 1.974 belgian franc. 36.35 Canadian Dollar. 1.3417 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $382.20 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 on wednesday. Stock Wax tech blogs Western Natl up inst Mobil ital Rwjr Nabisco hid Sears Roebuck general motor Westinghouse Al Tel Fonos de my Ford motor co Natl Semi conduct Chrysler corp Motorola inc Bethlehem Ste elite corp storage techno Sain t4,978,800 10.053,000 4,409,900 3,738.6003,725,700 3,180,900 3.143,7.003,099,200 3,090,900 .3.048,400 2,323,800 2.322,9002,294,100 2,146,300 2.131,900 list 25 23h 7vs49 64 /4 74v4 68v pm 100vi 23v433 39% net chg. Qff3 /4unch in cry up /up1 /4 off i off up i Offutt off k up2vi american Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading wednesday. Slock Silet last Mitch. New York Tamesa 1,785,900 26vi  1.213,100 12v up i Iva corp 876.900 36v4 up1% greyhound lines 571,200 10. Off  526,700 43 of 1 Energy service 512,200 3v4 up Hasbro inc 480,900 33tt Oft Cheyenne softer .410,900 39h ii ivs inter Tel common 388,300 23 a up1 imply Gem Industry. 359,600 24v4 up 2 Dow Jones new York up Dow Jones closing Range of averages on wednesday. High Low Clou Chinga 30 industrials 3956.97 3887.74 3931.92 up 25.89 20transport 1846.18 1813.07 1834.70 up5.51 15 utilities 220.87 217.64 218.96 upo.9365 stocks 1435.25 1410,47 1425.79 up 7.30 in top . Analysts p 3.3% growth in Economy Washington a Many of the nation s top economists Are growing More bullish about the . Economy this year a Survey showed thursday. The consensus of analysts surveyed this month by Blue Chip economic Indica tors a Sedona ariz., newsletter sees the Economy expanding by 3.3 percent this year. If so it would be the fastest growth since 3.9 percent in 1988. The Economy expanded 2 9 percent in 1993. The latest forecast was stronger than the 3 percent consensus in the january Survey. Just six months earlier the economists projected growth of just 2.5 percent this year. Many of the 46 economists who raise their forecasts. Said they were influenced by the Strong growth exhibit Din the fourth Quarter when real Gap Rose at an annualized rate of 5.9 per cent said Robert j. Eggert sr., the newsletter editor who conducts the monthly surveys. The Gap or Gross Domestic product is the total output of goods and services in the United states. Real Gap is adjusted for inflation. Eggert said the Only disappointing eco nomic news found in the Survey for this year and next is a widening Trade deficit. He attributed the expected Gap to improving Domestic demand As economic growth accelerates and disappointing economic growth overseas that limits exports the Survey was conducted before the Federal Reserve nudged up Short term interest rates feb. 4, a move some analysts say could slow economic growth. The Survey participants represent Banks businesses economic forecasting services universities and Wall Street firms. Strong housing and Auto sales and in creased business investment were also mentioned by Many of the record number of those raising their real Gap forecast this month Eggert said. Sweet of although most analysts believe the Economy will slow from its fourth Quarter Pace the Blue Chip consensus still Call for a 3.1 percent growth rate during the january March period  3 percent in the january Survey. The consensus also sees growth of 2.8 percent in 1995, 0.1 percent stronger than the january forecast. The consensus of the 10 most optimistic economists in the Survey Calls for an expansion of 3.3percent. The Blue Chip consensus sees an inflation rate of just 2.8 percent this year unchanged from the january forecast. The consumer Price Index Rose 2.7 percent in 1993. However the consensus for 1995 see prices rising 3.2 percent compared with january s 3.3 percent projection. The 6.4 percent unemployment fore cast for 1994 and the 6.2 percent projection for 1995 were unchanged from Jan uary. 700 years Choc Fafe Hershey a. A Hershey Ismore than a name on a chocolate bar. Most people remember Hershey be cause most of us were brought up on Hershey bars when we were kids said Ray Broekel a historian from Ipswich,mass., who has written two books on chocolate. It s become More or less Symbol of the United  on wednesday Hershey foods  the 100th birthday of Hershey chocolate co. With 10 chocolate cake arranged on a 350-Pound chocolate Cov ered Pedestal. Chocolate bars with old fashioned labels also Are being sold nationwide for a limited time. Today Hershey foods corp. Employs14,000 people worldwide. Last year s sales totalled nearly $3.5 billion and the company s net income was $193 million. Hershey claims 42 percent of the Domestic chocolate Candy Market although it lags behind my Mars and Nestle food co. Overseas. The founder Milton s. Hershey gave his name to a town and created what is arguably the simplest yet most famous confection in the country the kiss. In the beginning though it was just Milton Hershey cranking out the candies. But Success did t come easily. He first lost Candy businesses in Philadelphia and new York and failed to strike it Rich inthe Colorado Silver Boom. Afterwards the penniless Hershey returned to his child Hood Home of Lancaster pa., where an a kiss is never just a kiss at Hershey. Hershey hugs which resemble the kiss but com Bine creamy White chocolate with regular milk chocolate stripes is just one of Many chocolate products that have come out of the Hershey factory in the past 100 years. Aunt Lent him enough Money to Start yet another Candy store said Pamela Cassidy archivist for the . Hershey foun Dation which runs local historic and Cul Tural attractions. Hershey was in Lancaster in 1886 when an English distributor fell in love with his Crystal a caramels and placed a major  1890, Hershey s Lancaster Caramel co. Was a major Success but greater achievements Lay ahead. At the 1893 world s columbian exposition in Chicago Hershey became fascinated with German chocolate making machinery bought it and started a Choco late subsidiary in 1894. By 1900, Hershey had sold his Lancas Ter Caramel co. For $1 million and moved to Rural Derry Church to expand his chocolate business the once poor Cara Mel maker became so successful that in1906, the town was renamed in his Honor. They Are certainly the Pioneer an the number one player Over the last 100 years in chocolate said Jack Trout president of Trout & Ries a marketing strategy firm in Greenwich  re the folks who really made it famous i i Nova Nom t a. Hinatea n Derma Cnoc Oiasie Makin Mous. Labor Secretary rules out use of buyouts to Cut workers by Mike Causey mean furloughs for everyone or layoffs apartment s 18,000 workers Reich buyouts Are most Cost effective a cause the Washington Post Washington labor depart ment workers who had counted on buyout offers directed at older employees As a Way of insulating newcomers from layoffs can kiss that Hope goodbye. Labor Secretary Robert b. Reich in interested and his decision could Herald trouble for senior employees in other agencies who have been delaying retire ment in Hopes of receiving a buyout. If other agencies adopt the labor department s stance and attrition does t Cut the number of Federal jobs that could me that would Hurt new hires and no Veter ans the most. The Federal emergency management Agency has also indicated that it is unlikely to offer buyouts even i Congress approves them. The House is scheduled to vote soon on the president s Bill that would give agencies authority to offer up to $25,000to workers who agree to quit or retire. The White House says the option would make it easier to meet the president s goal of a 118,000-Job Cut by sept. 30 with out laying off younger employees. But in an unusual letter sent late Las month to the Homes of each of the department thanked staffers for doing a Good Job in 1993 and then dropped the no buyout Bombshell. The administration originally intended to have the buyouts off and running last oct. 1 the Start of the fiscal year and Mohave thousands of employees off the  Roll by now. But the Bill did t reach Congress until after the deadline. It got bogged Down As budget cutters demanded offsetting savings in Federal personnel benefits that weren t a condition of the 1993 buyouts authorized for the defense department Cia and three congressional agencies. Buyout Cost effective Early inthe fiscal year. The longer agencies delay and this is the fifth month of the fiscal year the less savings they can realize from buyouts. If buyouts become Law there is no guarantee or requirement that agencies offer them. But most budget and person Nel officials said that Given the record Low turnover rate the Only Way to avoid furloughs or layoffs is to  retirement age workers to leave. Some agencies want buyouts to target Grade 13 and above workers to meet the administration mandate for a reduction in the supervisor to employee ratio