European Stars and Stripes (Newspaper) - May 25, 1994, Darmstadt, Hesse                                Page 16 the stars and stripes Money matters wednesday May 25,1994 today a rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound 1.54 dutch Guilder. 1.79 German Mark. 1.61 greek drachma. 238.5914 note the rates above apply within the Host country figures Are oppressed 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 currencies a a a Quot a a. \. A a austrian Schilling. 11.5975 Bahrain Dinar. 0.37698 belgian franc 33.95 British Pound 1.506 can Ddlan Dollar a a a it a a 13765 danish Krone. 6.455 dutch Guilder a a a a a a a a a 7063 a French Frano 56385. German Mark a a a a a a a a a a a a a a 1 6475 italian lira 1590i00. Kuwait Dinar 0.2977 norwegian Krone. 7.1405 portuguese escudo 170.45 saudi rial 3.75 Spanish peseta .135.92 Swiss franc 1.4085 turkish lira 31,250.00. Note figures Are expressed in dollars to the British Pound other currencies to the Dollar a Gold quote $380.10 an ounce a. Silver quote $5,71 an ounce a v a. Sources merchants National Bank amp Trust co., the associated press United press International. C new York Exchange new York Lupi a the to most Active stocks in new. Vork Slock Exchange composite trading on monday. Stock. A a a sales ast be chg. Gerber products a 10,840,200 a 5q % up15% Rwjr Nabisco hid. 6,213,400 6 off %. Philip Morris. 4,894,200. 53 % .uptvt., Tel Fonos do my. 4,601.300 60 a up % Citicorp a 3.060,000 39 % up %. Royal dutch pet a 2,791,q00 107 94 unch Wal Mart stores 2.516,100 23 pal % genl electric. 2,418,200 a 47 a Oft 9k Motorola inc a a a a 2,363,500 47 % a Oft a Lom corp 2,074,100 61 % Oil % Chrysler corp 1,972,000, 49 i. Up is Eastman Kodak 1,813,700 47 up 1 %. Merck amp co inc 1,505,300 30 % unch get corp a 1.487,400 31 %. Off % am Bartic Kress. .1,485,500 25 %. Up y4 american Exchange new York Impi. A the ten most Active stocks in american Stock to change composite trading monday Stock sales last net chg Echo Bay mines. 710,300. 11 i up % Hasbro inc 1 593,000 33% Oil % expo Ian co la 498,200 a 1 5-16 a up 1-16 Waco inc b. 462.400 28% up i Cheyenne softer 435,600 19 % off 1 % new York Tamesa. 316,200. 25%. A unch Royal Oak mines 290,400. 4 5-16. Off i Energy service a 246,000 3 % off 1-16 Iva corp 239,800 18% unch Pegasus Gold a. A 236,600. 18 a. A up Dow Jones new York up1 Dow Jones closing Range of averages on monday a a a. High Low close change 30 industrials. 3770,65 3711.40 3742.41 Oil 23.94 20 transports 1612.90 1591.71 1598.77 off 221 15 utilities 184.55 181.12 182.57 off 1.32 65 stocks 1307.91 1287.93 1297.04 Oil 6.31 new York a Fox broadcasting co. Hopes to reshape the television landscape with a $500 million Deal to pry Loose 12 stations from the three major  world communications group inc., a to production company said monday that it had agreed to switch five of its stations and seven others it will buy in the next year to Fox. In return Fox will buy 20 percent of new world for. $500 million. Eight of the stations Are lbs affiliates three Are with Abc arid one is with Abc. All 12 stations Are on the High powered vhf band most Are in key markets such As Detroit Cleveland Dallas and Atlanta. A a Quot vhf stations which broadcast on channels 2 through 13, usually earn More advertising Revenue than uhf stations because they reach bigger audiences and get better ratings. A Fox chairman Rupert Murdoch called it the biggest network realignment in 60 years of american television. A this agreement will forever change the competitive landscape of network television a he said in a statement. A this is a giant step toward leveling the playing Field and toward the longstanding Public policy goal of achieving a fully competitive fourth broadcasting  Fox has about 150 full time affiliates compared with More than 200 each for lbs Abc and Abc the Fox network was launched seven years ago in a Brash Effort to compete with the older networks by gearing prime time shows to younger viewers. Fox stunned lbs in. December by agreeing to pay $1.6 billion Over four years for the broadcast rights to National football league games. Lbs had been carrying the games for 38 years. Lbs Stock fell $15.50 a share monday to close at $288 on the new York Stock Exchange. Lbs said in a statement it was a confident in the continued strength of our net work and in the value of lbs affiliates. We will maintain Strong affiliations in All of the markets affected a new world which produced the to series the wonder years and Santa barbaras controlled by financier Ronald Perelman a Macandrews and Forbes holdings. It has committed about $2 billion Over the past year to assembling a to station group arid has been looking for a steady outlet for its programs new world chief executive William Bevins said the company made the Deal with Fox because the network has a an enthusiasm not exhibited by the  Fox also carries fewer programs and thus has More room for new worlds shows. New world owns five lbs affiliates wbk in Detroit wow in Cleveland Waga in Atlanta a tvs in Tampa and with in Milwaukee. New world also plans to switch four stations it has agreed to buy from great american communications corp Abc affiliate Daf in Kansas City Abc affiliates Werc in Birmingham Ala. And a Gap in Greensboro High Point . And lbs affiliate Kosaz in Phoenix. New world also plans to make Fox affiliates of three stations it will buy from Argyle television holding inc lbs affiliates a Dow in Dallas and a tic in Austin and abcs Kovi in St Louis. Fox said it will sell its uhf stations Daf in Dallas and Wall in Atlanta once it gets vhf stations in those cities. Sales of new windows set to open in Atlanta apr the next version of Microsoft  windows operating system the so called a a Chicago product Long awaited by the personal computer Industry will be out late this year chairman Bill Gates said monday. He said the product will be More powerful and simpler to use than current windows software which adds graphical. Icons and Point and Click commands to the Dos operating software that runs eight out of 10 pcs a it will be a lot of fun to Challenge that Date Quot said Gates whose plans for the new product have been closely watched in recent months. By committing to Gates the time Frame in front of a Large Industry audience at the Spring Codex windows world show Gates positioned the company to quiet its sceptics if it delivers. A there was originally some Hope it. Would be out by now. As Microsoft products tend to do it slipped a said David Coursey editor of p c. Letter an Industry publication based in san Mateo Calif. A the project is already  Microsoft a windows which was announced in 1983 but did not become widely purchased until. 1990, was designed to make personal computers Cas Ier Tosev a a a a a a now in its third generation sales estimates Range from 30 million to 50 million units a but Many reviewers believe windows is still not As simple As the software that runs Apple computer  macintosh computers. C. Some inexperienced customers particularly those who use their computers at Home have found it confusing to manage multiple window displays Gates said. In a Brief demonstration of Chicago Gates and an assistant showed How it can rapidly begin a computers operations search through a file and provide help. Microsoft is still refining the product. It must still create a Trade name for it a Chicago is just a code name. A this is Microsoft a idea of the next generation of ease of use Quot Coursey said. A i think Chicago is really great. Its not perfect and we Are going to find out it in t perfect but its the right direction to go in.�?�. A a a a quo Disney seeks to Cut piracy in Poland Warsaw Poland up Mickey mouse officially came to Poland on monday with the announcement that the Walt Disney co. Has opened offices in Warsaw with an Eye toward reducing the Large number of pirated Disney products. Disney which had worldwide sales last year of $8.5 billion previously had operated through a partner in Poland but now feels ready to open its own company which will operate under the supervision of the Walt Disney co. Of Germany. A by opening the local office the company Hopes to reduce or eliminate the huge number of pirated Disney products in Poland. To Date virtually All Disney videos of such popular favourites As Aladdin or Beauty and the beast in Poland Are pirated copies the same held True of Many textile products and toys displaying the famous Disney characters the few Disney children a books published legally were the exceptions. Polish children will now have a Chance to see their favourites offi Dally for the first time when Mickey mouse Pluto Donald Duck and their pals appear at a festival in a Warsaw Park saturday. V London apr profits Are on the Rise at British a ways but so is concern about the financial health of he carriers american partner us air group inc sir Colin Marshall chairman of British airways arned monday that his company might have to write Iff All or part of its investment in the troubled Carrier Tut he said a passenger sharing partnership should continue even if us air a finances Worsen. Like other Large . Airlines us air is being pres ured by Low Cost competitors such As Dallas based Southwest airlines and its imitators. British airways reported 31 million British pounds to about $48 million in net income for the three months that ended March 31, reversing a loss of 44 nil Ion pounds $68.2 million from the same period a year earlier. That pushed the company a annual earnings up by 60.7 percent to 286 million pounds $443.3 million from 178 million pounds about $275.9 million a year earlier. Revenues were up by. 12.6 percent at 1.47 billion pounds $2.27 billion in the three month period. Revenues were up by 13.1 percent at 6.30 billion pounds $9.76 billion for the year. Last years Revenue for the final Quarter was 1.31 billion pounds and 5.57 billion pounds for the whole year. Despite higher earnings British airways is feeling the growing pains of its efforts to expand across the Globe. Subsidiaries in France and Germany lost Money a planned airline in Russia is a on the Back burners and us air is reeling. Marshall said there was a a sense of urgency surrounding us air a efforts to improve the balance Sheet by $1 billion a year. The strategy would include concessions from us air a unions. British airways said it might have to take a charge against earnings to write Down the value of its $400 million investment in us air if the Carrier does not find a Way to return to financial health. A in the event and i underline the word a if a it was necessary for us air to go into chapter 11, they would ,�?� and the partnership Between us air and British airways should be Able to continue Marshall told reporters. Chapter 11 is a Section of . Bankruptcy Law. It frees a company from the threat of creditors lawsuits while it reorganizes its finances