European Stars and Stripes (Newspaper) - May 14, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters saturday May 14, 1,994 today a rates following arc fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal us British pound�?T154 dutch Guilder .1.82 German Mark 1.63 greek drachma .238.5065 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 . Dollar to foreign Curren. Eyes austrian Schilling. 11.7625 1 nah rain Dinar. 0.37675 56fql3ti.franc a British Pound. 1.4971 Canadian Dollar .1.378 danish Krone 6.541 dutch Guilder. 1,0755 French franc.5.7243 German Mark. 1.6726 italian lira 1,600.90 Kuwait Dinar. 0.298 norwegian Krone. 7.7585 portuguese escudo. 172.2b saudi rial. 3.75 Spanish peseta. 137,85 Swiss franc 1.4285 turkish lira. 32,500.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $381.45 an ounce Silver quote $5.36 an ounce a sources merchants National Bank $ Trust co., the associated press United press International new York Exchange Quot Quot. New York up a tha 15 most Active stocks in new York Stock Exchange composite trading on thursday. A Stock sales last net chg. Philip Morris a a 5,505.300 50vi a up 3 a not minuted 4,139,500 9>/v up i storage techno 3,721.400 2bya up3vi Tel Fonos de my .3,577,300 56 a up 1 i Margaretten act a 3,362,700. 24 9-16up 111 a a a a a a a a a a a a �?T16 a a a a  Rwjr Nabisco hid 2,972,100. 5 15-16 up m6 a great Lake chem ,. 2.761,000 55w Oft so a Etc Cora. 2.561,300 16 4 off Reading $ Bates 2,400,600 Gilt up Vuk Motorola inc 2.318,400 44tt up general motors 2,164,000 54vi up Merck i co inc. 1,857.100 30�?T/� up. At4t company 1.802,800 a 52w a up  corp 1,728,600 4sw on a Johnson amp Jensn 1,727,200 42 off i i american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading thursday. A Slock. Sales lest Nelcha. Read icare inc a a a a Quot a a 1,ft6.200 a 1w�?T off a Cheyenne softer. 971.800 a 2 his off a expo rate co la a. 747.300 i upm6 Royal Oak mines. 741,300. 315-16 off i Echo Bay mines a 686,000 10w off i Chiles offshore 539,700 4vi 1 up a a Viacom inc b a 499.300 27 off a a citizens St Sci a 365,300 .8v in ctr i a corp a. A. 327.300 .17 off Vav Energy service. 327,000 3 13-16 up 1-16 Dow Jones new York up a Dow Jones closing Range of a a a a rags on thursday. High Low close change 30 industrials 3632.53 3624,58 3652.84 up 23.00 20 transport 1567.74 1561.91 1573.39 up 5.74 15 utilities 130.86 176.11 177.76 of 0.76 65 stocks 1281 12 1259-08 1266.95 up 5.39 a Job cuts planned Oak Ridge Tenn. Apr nearly 1,400 jobs will be eliminated at four Energy department Sites where responsibilities have been changed because of defense cuts and the end of the cold War Energy department officials said thursday. Martin Marietta Energy systems which is managing contractor for three plants involved in the announcement employs 16,200 people in Oak Ridge and nearby. I Williamsburg a. A economic growth is slowing after a surprising Boom in 1993, but moderate expansion should continue throughout 1994 despite higher interest rates Heads of the nations largest corporations said thursday. They also predicted that inflation a while moderate a will move steadily higher   4 percent and 4.5 percent sometime after 1995. A nearly 100 Active and retired chief executives members of the elite business Council gathered for a semiannual com Fern acc in the colonial resort of Williamsburg to compare notes on the Economy rub shoulders with Clinton administration officials and lawmakers and play a few rounds of Golf. A the mood was upbeat with Many leaders acknowledging that when they last met in this forum six months ago they had no inkling the Economy would become so robust. A generally the american Economy is in a period of resurgence a said John w. Snow head of Cox corp., a Railroad and shipping company. Edgar s. Woolard jr., chairman of Dupont said the chemical giant is having trouble meeting demand. A we never would have predicted that six months ago a he said. And John Welch of general electric co. Said the mood of his colleagues seemed a euphoric a. A report by corporate economists for the group said economic growth probably will slow to around 3 percent this year. That would follow a stunning 7 percent annual rate of increase As measured by the Gross. Domestic product in the final three months of 1993. The Gap is the sum of All goods and services produced in the United states. The analysts said increases in interest rates this year a had not yet had  Impact on orders or sales and con. A. A. It a 1 a Sumer demand remains very Strong. A healthy 3 percent growth rate for 1994 appears Likely even with interest rates on the upswing the report said. But the business leaders Are expecting slower growth in the housing Market than predicted last year because mortgage rates Are climbing. Rates on 30-year conventional mortgages which bottomed out at a 25-year Low last october of around 6.7 percent now Are averaging 8.77 percent. A a a a the Federal Reserve has raised the Federal funds rate which Banks charge each other for overnight Loans from 3 percent to 3,75 percent this year. Another boost is expected soon. This weeks three Day business Council meeting of Fortune 500 company leaders includes closed door sessions with Treasury Secretary Lloyd Bentsen who will discuss the administrations asian Trade policy and a Friday dinner speech by defense Secretary William Perry banking on the Mark residents of Belgrade Yugoslavia line up at a private Bank thursday to Exchange dinars their National currency for German Marks the inflation rate which has reached 1 million percent a month at times was Cut to nearly Zero percent in april by the governments measures. Still the Mark which can be used in Yugoslavia is stronger than the Dinar. A a a by new Day a. A. A . Pension rules favor men so much that working women continue to retire with Only a fraction of the benefits their male colleagues receive according to the latest Federal labor statistics. In fact the a pension Gap is grow ing sponsors of a pension rights symposium in Washington said thursday. They said they will spend the next year framing recommendations to present to a White House conference on aging next May. Not All benefits experts agree with the symposiums View and even some who do agree advise caution in approaching employers to do More in this Economy. But All sides agreed that . Pen Sion Laws and practices effectively leave women poorer at retirement than men. A we think eventually this Issue is going to be like health care now a said Cindy Hou Selan attorney and organizer with the sponsoring women a pension policy consortium. A this is creeping up on us with our aging population and eventually something has to be  the consortium is drawing attention to Federal labor statistics that show women actually losing ground to men in pensions 37 cents to 51 in 19s8, Down from 47 cents to $1 a decade earlier. The problem Hounsell said is that pension Laws and practices Are designed for the Way men traditionally work a a with no Breaks in employment building earnings often at a single company. Women More typically work in lower paid nonunion jobs she said. They often Vork part time and drop in and out of the work Force depending on their family a needs. That often leaves them outside company pension plans or too poor to join savings plans that require them to match company contributions she said. To end some of those disadvantages sen. Howard Metzenbaum a Ohio announced his pension Bill of rights at the symposium. He said the proposed legislation would in part extend pension rights to part time workers and increase a pension portability so that people who change jobs  lose benefits