European Stars and Stripes (Newspaper) - April 22, 1994, Darmstadt, Hesse I Page 14 the stars and stripes Money matters Friday april 22,1994 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 British Pound 1.53 dutch Guilder 1.84 German Mark. 1.65 greek drachma. 241.5826 note the rates above apply within the hos country. Figures Are 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 Curren cies austrian Schilling. 11.8695 Bahrain Dinar. 0.37675 belgian franc. 34.78 British Pound. 1.4975 Canadian Dollar. 1.3863 Dan left Krone. 6.6190 dutch Guilder. 1.8992 French franc 5.7860 German Mark. T.6872 italian lira. 1,617 Kuwait Dinar. 0.29710 norwegian Krone 7.3245 portuguese escudo. 172.35 saudi rial 3.75 Spanish peseta. 137,70 Swiss franc .1.4295 turkish lira. 29,000 note figures Are expressed in dollars to the British Pound other currencies to the Dollar. Gold quote $373.75 an ounce Silver quote $5.27 an ounce sources merchants National Bank & Trust co.,the associated press United press International new York Exchange new York up the 15 most Active stocks in Newyork Stock Exchange composite trading on wednesday. Stock Chrysler corp Tel Fonos de. A Motorola inc. General motor Merck 4 co inc Ford motor Cowal Mart Staw time warn in Philip Morri co at to company get corp Compaq compute Mitel corp sales 7,436.300 6,939,000 5,496,800 4,744,100 4,366,700 4,276,800 3,951,200 3,788,800 3,343.600 3,263,800 3.249,400 3.203.700 3,036,900 3,017,200 2,915,700 last 465m 43v4 Nitchy. Oh2v4 off 214 off 54% 24 35v52m 6vv58 52vi 32v4 3v4 up off 2 unch off up a up off soft it american Exchange new York up the 10 most Active stocks i american Stock Exchange composite trading wednesday. Stoc Cheyenne softer. Echo Bay mine circa pharm inc expo rate co Laroyal Oak mines Alt com rom Cor top source inc atari Orphel Lonettis inc Audre Reco Gnita sales 1,517,800 875,800 438,900 432,700 375.800 334.500 318,700 313,100 252,300 211,000 1st 22% 10 10% 4 34% 6 4% 4 etchg.of12 up7/unch unch Enchoff up 1-16offvi Dow Jones new York up Dow Jones closing Range of a rages on wednesday Cloie chirigt30 industrials 20 transport15 utilities 65 stocks High 3662.66 1572.07 200.50 1290.31 Low 3546.65 3598.71 Oft 21.fi 1530.60 1546.02 off 10.82 195.16 199.64 up 4.08 1252.54 1270.45 off 3.33 poll facts say users Are lax in tracking the costs for fax new York up a new poll re leased tuesday found that in an Era of downsizing and Cost cutting Many for tune 500 companies May be overlooking one pricey corporate tool facsimile machines. The Gallup poll found that the rising popularity of the telecommunications tool has taken a hidden toll on America s largest corporations with More than half reporting that they do not even track fax costs. A the Survey estimated that nearly 25 percent of the companies total Tele phone costs go to fax transmissions. It based the finding on the companies Tele phone costs and the percentage of those costs that telecommunication managers said were attributed to fax transmission. And More than 75 percent of the respondents from both Fortune 500 and mid size companies had no idea How much it costs to Send each fax although most Send More than 100 pages per Day. Fax has become a primary Means of communication for business but manage ment of this critical technology has been ignored said Meredith Fischer spokeswoman for Pitney Bowes which commissioned the Survey. The Survey also found that 55 percent of All Fortune 500 facsimile traffic was sent from one location to another within the same company although not necessarily the same building. And 84 percent of the companies have never trained their employees in How to use fax machines although several advanced features could save them Money. For instance Fischer said companies could save nearly if percent on their phone Bills if the delay Send feature was utilized on just one Quarter of the documents sent each Day so that they would not go but until the evening when Telephone rates Are lower. A fax usage audit would also help companies control costs As would improvements to faster machines for heavy traffic locations. I interest rates to keep rising Bankers think Washington a the Mort Gage Bankers association predicted wednesday that the Federal Reserve would boost Short term interest rates three More times this year in its attempt to keep inflation under control. The fed is doing the right thing and it will work association executive vice president Warren Lasko told reporters. The Central Bank has nudged the fed eral funds rate up three times since february. The actions moved the rate from 3 percent to 3.75 percent. The boosts were the first increases in five years for the rate which Banks charge each other for overnight Loans. Campbell executive f. Martin thrasher displays new promotional labels along with Andy Warhol s famous soup can painting. Campbell ladles ouf new Label in attempt to soup up sales Camden . A Shah he. Put your ear to the ground and see whether you can hear Andy Warhol rolling in his grave. The red and White Label that made Campbell soup a household name and a pop Art icon is getting a new look. The new Label has a photograph of a bowl of soup at the Center and a recipe panel on the Back. The red panel on the upper half of the Label is smaller and the name of the soup variety is higher. A Small Box on the Label reassures customers new look same great soul this is the most comprehensive redesigning of the Label since it was created1 nearly a Century ago said Kevin Lowery a spokesman for Campbell soup co. This is a pretty Camden based food maker was to unveil the redesigned Label thursday at a news conference in Philadelphia. Cans bearing the new look on 51 varieties of soup will begin appearing on supermarket shelves this month and should spread worldwide within two years. Campbell ranks sixth among . Food companies with annual sales of $6.3 billion. It controls 80 percent of the . Market for condensed soup producing 2.5 billion cans annually. It holds 65 percent of the Domestic Market in other types of soup. It wants More. We believe this can be a dynamic growth business said f. Martin thrasher president of Campbell s . Soup want More soup acc opens up Airvy Dve Washington a Dick Tracy s two Way wrist radio has cleared its last Federal hurdle. Starting this summer companies for the first time will be allowed to bid for licenses to offer a hew crop of advanced wireless communications services. These in clude using Small Mobile electronics for two Way faxing and paging and the comic strip detective s tiny communications device. On wednesday the Federal communications com Mission made this All possible by setting rules for bid Ding on 3,554 narrow band personal communications services licenses. How quickly the services will be Avail Able to Consumers will depend on the companies. This is All new territory said acc chairman Reed Hundt. " of. ". " expecting a great demand for these new services businesses from the giant Bel South corp. To Smalt entrepreneurs Are eager to bid. The government Esti mates that on average a License to provide National service will go for $6 million and a local License for$5,000. -. The acc said it will auction off several licenses at a time and bids will be made Public so competitors can try to top each other s offer. Ten nationwide licenses will be auctioned first said Robert Pepper a key designer of the new rules an chief of the acc s office of plans and policy. Separately the acc also set the ground rules to auction 1,400 licenses for interactive video and data this summer. Licenses covering Large markets will be offered first those for the top nine markets including new York los Angeles and Chicago have already been awarded by the interactive and narrow band licenses entitle a company to provide service in certain geographic areas and to operate on a specific slice of the Public radio holding interactive licenses can deliver information to specially equipped to sets so that con Sumers can do such things As order airlines tickets con duct their banking or retrieve information about a news Story All from their to screens. Willfor Freeli sucks up Hoover London a the final Bill has been tallied for the Hoover vacuum cleaner company s disastrous free flights promotion and it s a overwhelmed by the response when it offered free International tickets to britons and Irish who purchased appliances spent $72 the time the promotion ends this Spring Hoover will have flown More than 220,000 people Gratis the company said wednesday Consumers realized the obvious that vacuum clean ers Are cheaper than International air fares so they bought hoovers by the thousands and demanded to Fly. Even now Hoover in t sure if All the Bills Are paid. A year ago Hoover s Parent the Maytag cor., of Newton Iowa reduced prof its. $30 million after taxes to resolve the problem. But the Bill turned out to be higher. Three of Hoover s top european executives were fired
