European Stars and Stripes (Newspaper) - April 30, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters saturday april 30,1994today s rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound a a a a a a a a a a a a a a a a a a a a 1.56 dutch Guilder. 1.81 German Mark .1.62 greek drachma 240.1669 note the rates above apply within the Host 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 . Foliar to foreign Curren. Cies a. A. \. A a a austrian Schilling. 11.7025 Bahrain Dinar 0.37675 belgian franc. 34.26 British Pound 1.5105 Canadian Dollar 1.3815 danish Krone 6.557 dutch Guilder 1.8688 French franc 5.704 German Mark. 1.6635 italian lira 1,594.50 Kuwait Dinar. 0.2963 norwegian Krone .7.245 portuguese escudo a a a a a a a a a a a a a 171.00 saudi rial 3.75 Spanish peseta 135.60 Swiss franc. 1.4145 turkish lira. 32,500.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $376.45 an ounce Sliver quote $5.24 an ounce sources merchants National Bank amp Trust co., the associated press United press International new York Exchange Quot Quot Quot. Mew York uple the 15 most Active stocks in new York Stock Exchange composite trading thursday. Stock sales last Nat chg. Tele Denmark 14,097,900 257/i unch Rwjr Nabisco hid 7,837,100 6v4 off % Tel Fonos de my 5,324,000 59vk up general motors 4,913,600 56w unch Merck amp co inc 3,869,100 30vi oil7/ Rwjr Nabisco pop 3,629,600 6w Alfh Motorola inc 2,973,700 off 1% Chrysler corp 2,581,100 49v4 off Wal Mart stores. 2,390,300 25v� up % Philip Morris 2,299,400 53w. Off vib ism corp 2.297,500 57 Vic. Off 1% Uniss corp 2,061,400 11 4 off i k Mart corp 1,900.400 16�?T/� unch coca cola co 1,831,300 41% a pvt at amp to company 1,788,200 51w Oil Johnson amp Johnsn 1,775,500 41 vib Puih american Exchange new a Fork up the 10 most Active stocks in american Stock Exchange composite trading thursday. Stock sales last net chg. Expo rate co la 5,250,400 14k up 3-16 Echo Bay mines 859,300 11v up i Kiter Ditl comm 497,600 544 up i Cheyenne softer 420,200 25 unch Rhi enter taint 393,900 35v unch Salomon Pilbro 374,200 3ft up 1-18 Royal Oak mines 282,600 4w up i. Pegasus Gold 272,600. 16�?T/ up Amdahl corp 271,600 6tt. Alfh Era corp 207,500 26 Oft a l Dow Jones new York up a Dow Jones closing Range of averages thursday High Low clots Chang 30 industrials 3723.93 3640.35 3668.31 Oft 31.23 20 transport 1854.17 1 614.22 1 635.63 up 10.82 15 utilities 198.85 195.29 197.54 off 1.05 65 stocks 1322.05 1292.43 1305.35 0114.13 official plays Down Chance of inflation s heating up by Clay Chandler Washington Post Washington while some Wall Street traders Are fretting about the Prospect of a return to 1970s-style inflation president Clinton Stop economic advisers see the Economy headed instead for a replay of the late 1950s and Early 1960s a a period marked by Low interest rates healthy economic growth and Low inflation. A a. V Laura do Andrea Tyson the chairman of Clinton a Council of economic advisers said she expects inflation to remain at 3.3 percent or less for the next several years. \ \ a. Inflation a is rising at its slowest rate in 30 years a she said in an interview. Tyson hailed thursdays announcement by the Commerce department that the nations Economy grew at an annual rate of 2.6 percent during the first Quarter of 1994, a slower rate than expected As confirmation of the administrations optimistic inflation Outlook. A the evidence is that growth continues to be solid and inflation continues to be modest a Tyson said. The 2.6 percent first Quarter growth rate was sharply lower than the 7 percent increase of the previous  Parent has loss Chicago apr the Parent company of United airlines on thursday reported that it lost nearly $100 million in the first Quarter blaming its continued losses on Competition from lower priced Domestic carriers. Ual corp. Reported that it lost $97 million or $4.37 a share in the three months that ended March 31, compared with a loss of $157 million for the same period in 1993. Delta air lines also reported heavy losses and said it would eliminate As Many As 15,000 jobs to Cut costs. Delta reported a quarterly loss of $77.9 million on thursday. It also was Well below the 3.3 percent consensus prediction of private economists surveyed by Blue Chip economic indicators a forecasting concern based in Sedona Ariz. But the numbers were less encouraging to the markets. Both Stock and Tyson Bond prices fell sharply in trading thursday in part because of Wall streets worries that the Federal Reserve will continue to push up interest rates to curb inflationary pressures. In making her optimistic inflation forecast Tyson cited the convergence of three factors that Are Likely to restrain the Rise in prices in the Economy Over the next several years. A smaller labor Cost increases resulting in part from increased productivity. Administration economists think the productivity of . Workers which increased by less than 1 percent a year on average through much of the 1970s and 1980s, May now be consistently increasing at a rate of 1.5 percent a year or even higher. That a not quite equal to annual increases of about 2 percent in productivity that were common during the 1950s a but the gains Are respectable considering the slower growth rate of the Economy today. A stable Energy prices. Oil prices fell by about 25 percent in the second half of last year and though they Are now Drifting upward again administration economists think future increases will be modest. A a a a a a a a a a a a Tyson noted that the sudden surge of inflation in the late 1970s was preceded by the Oil embargo and the subsequent jump in Energy prices. A increased foreign Competition which has exerted downward pressure on Domestic prices. Administration economists noted that the share of imports As a percentage of the Economy has More than doubled in the last 10 years. They argue that this development makes Domestic producers leery of boosting prices for fear they will lose Market share to foreign rivals. Rise in income beats inflation in most states a new Cadillac contours is unloaded at a Detroit car dealer thursday. The cards maker general motors reported a first Quarter profit of $854 million  profits soar for 1st Quarter Detroit apr general motors corp. Reported profits of $854 million for the first three months of the year and said its North american operations were improving and Cost cutting was working. The company is the second of the big three to report profits for the first three months of 1994. Chrysler said its earnings were $938 million the highest quarterly profit in its history. Ford was expected to report first Quarter results Friday. The big three Are Riding the wave of buyers whose Confidence in the Economy and pent up demand have produced record sales particularly of minivans Light trucks and sport Utility vehicles. Industry experts Are predicting that 1994 sales of cars and trucks in the United states will approach 16 million vehicles compared with sales last year of 14.2 million. Gmys earnings increased 66 percent Over 1993 first Quarter earnings of $513 million and amounted to 81 cents a share compared with 42 cents a share a year ago. Washington a the growth of per capita personal income in 42 states beat the inflation rate last year a government study shows. The nations per capita income increased 3.5 percent in 1993, to $20,817, the study by the Commerce. Departments Bureau of economic analysis showed thursday. By contrast the Cost of living Rose 2.7 percent in 1993, according to a labor department report. The rate of income growth however was slower than the 4.9 percent growth to $20,105, a year earlier the Bureau said. The report said much of the slow Down was caused by a decision to pay Many new York securities Industry bonuses in late 1992, rather than in Early 1993, to avoid higher taxes. A if the timing of the Bonus payments had been typical per capita income would have increased 4.3 percent in 1993 and 4.5 percent in 1992,�?� the report said. Per capita personal income is the annual total personal income of residents divided by the states population. The study found the Midwest floods also had a major Impact. Five of the eight states with the slowest growth were hit by flooding last summer and suffered crop damage and uninsured losses to farm property. The flooding virtually wiped out any growth in Iowa where per capita incomes inched up 0.2 percent. Growth was held to 2.6 percent in North Dakota Down from 9.2 percent in 1992 2.6 percent in Missouri Down from 4,7 percent 2.7 percent in South Dakota Down from 5,6 percent and 2.7 percent in Minnesota Down from 6.4 percent. Per capita incomes edged up 2.2 percent in new York Down from 5.4 percent in 1992 2.2 percent in California Down from 2.9 percent and 2.8 percent in Washington state Down from 6 percent. In addition to the Early Bonus payments in new York growth was held Back in those three states by declines in earnings in the durable goods industries and weakness in construction earnings. The declines in the California and Washington durable manufacturing earnings reflected Job cutbacks in the aircraft Industry. The slow growth in California to $21,821, pushed it to 12th among the states with the highest incomes. Until falling to 11th place in 1992, with $22,067, per capita incomes in California had ranked in the top 10 since the government began keeping track in 1929. By state incomes ranged from $28,110 in Connecticut to $14,894 in Mississippi. Montana had the fastest growth 6.7 percent to $17,322. Here is a listing of 1993 per capita incomes for each state and the District of Columbia followed by each states ranking by income level Alabama $17,234 41 Alaska $22,846 a Arizona 18,121 36 Arkansas 16,143 49 California $21,821 12. Colorado $21,564 14 Connecticut $28,110 1 Delaware $21,481 15 d.c., $29,438 Florida $20,857 19. Georgia $19,278 29 Hawaii $23,354 6 Idaho $17,646 38 Illinois $22,582 10 Indiana $19,203 30. Iowa $18,315 35 Kansas $20,139 21 Kentucky $17,173 42 Louisiana $16,667 45 Maine $18,895 32. Maryland $24,044 5 Massachusetts $24,563 4 Michigan $20,453 20 Minnesota $21,063 18 Mississippi $14,894 50. Missouri $19,463 27 Montana $17,322 40 Nebraska $19,726 23 Nevada $22,729 8 new Hampshire $22,659 9. New Jersey $26,967 2 new Mexico $16,297 46 new York $24,623 3 North Carolina $18,702 33 North Dakota $17,488 39. Ohio $19,688 24 Oklahoma $17,020 43 Oregon $19,443 28 Pennsylvania $21,351 16 Rhode Island $21,096 17. South Carolina $16,923 44 South Dakota $17,666 39 Tennessee $18,434 34 Texas $19,189 31 Utah $16,180 m a a Vermont $19,467 26 Virginia $21,634 13 Washington $21,887 11 West Virginia $16,209 47 Wisconsin $19,811 22 and Wyoming $19,539 25