European Stars and Stripes (Newspaper) - May 27, 1994, Darmstadt, Hesse Page 18 the stars and stripes Money matters Friday May 27,1994 today a rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to ., personnel for personal use j British pound1.55 dutch Guilder 1.79 German Mark 1.60. Greek drachma 237.9165 note the Rales 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 currencies a a a a. A a a a i austrian Schilling 11.543 Bahrain Dinar 0.37675 belgian franc 33.62 British Pound 1.5085 Canadian Dollar 1.3035 danish Krone 6.434 dutch Guilder 1,845 French franc 5.628 German Mark 1.6454 italian lira 1,595.35 Kuwait Dinar 0.2975 norwegian Krone .,.,. 7.115 portuguese escudo.170.70 saudi Flat 3.7501 Spanish peseta135,50 Swiss franc 1.403 turkish lira. 31,500.00 note figures Are expressed in dollars to the a British Pound other currencies to the Dollar Gold quote $385.90 an ounce. Suver quota $5 57 an ounce. Sources merchants National Bank amp Trust co.,. The associated press United press International c new York Exchange 3 c american Exchange 3 new York up a the 10 most Active stocks in american Slock Exchange composite hading wednesday. Slock Sale last Natch. Expo rate co la 6.951,100 1% up 7-16 Energy service a 1.684,800. 315-16 pn.1-16 Cheyenne Soller 824,700 19. Off a Chiles offshore 539.400 4%. Up Iva corp a 441,000 19% a up % now York times a 326.100. 25% a lip Royat Dak mines 288,100. 4% up Mai. Echo Bay mines. 285,000 11%. Top vhf Elan Carp pc 274,000 35% up inter Magnet Gen. 253,900, 22% -. Of fms r Dow Jones 3. New York up a Dow Jones closing Range of averages on wednesday High Low. Close change 30 industrials 3768,f9 3710.79 3755.30 up 10.13 20 transport 1812.68 1589.94 1803.41 0 14.85 15 utilities 185.61 161.91 185,14 up 1.9 65 stocks 1308.32 1288.11 1303.06 up 2,33 Wal Mart agrees to alter claims to the Low pjrice1 new York up a the 15 most Active stocks in new York Stock Exchange composite trading on wednesday Stock. Sales Iasi Nelcha. A tech holdings 6,166,900 22%. A off 12%. Tel Fonos de my 4,136,600 62%. Up % ism corp 3,678,400 a 63% a up % Merck co in 3,467,600 30 w a Ott Wal Mart stores 3,069,300 23%. Up %. Hewlett Packard 2,898,300 81 %. Oil %. Circus circus .2,803,100 23% a a up Abbott labs inc 2,422.100 29% up %. Westinghouse Al. Rwjr Nabisco hid 2,322,400 13% up % 2,300,100 .6%. Unch a a Banc one corp 2,002.400 32% off % a a Wax technology 1,911,000 27% up Royal dutch Pel. 1,906,400 106%. A Oil % a a a genl electric a a a 1,896,500. 47% a a unch a Chrysler corp 1.851,000 49% a up % a new York a Wal Mart has agreed to Stop claiming that it always has the lowest prices. The nations largest. Retailer said wednesday that it would quit using its 5 year old slogan Quot always the Low Price. Always a after an advertising watchdog group said it might not be True. The National advertising review Board acting on a complaint by business groups and several Wal Mart competitors said the slogan incorrectly suggests that Wal Mart customers always get the lowest available Price. Wal Mart stores inc. Denied the so can was misleading saying it matches or beats competitors prices when customers provide evidence. But in deference to the Industry a system of self regulation involving advertising claims Wal Mart agreed to change the slogan. The new slogan is a always Low prices. Always. Jane Arend spokeswoman for the re taller based in Bentonville Ark said the new slogan has been used for a year in some of Wal marts newspaper and to ads and would replace the a always the Low Price Quot line in other ads within a month. a v -1 a. A revised version will be phased in Over several months in Wal marts stores and on its delivery trucks. It will be imprinted on shopping bags and napkins in snack bars after those in Stock Are used she said. Arend would not estimate How much the revisions would Cost. Wal Mart has expanded rapidly Over the past few years passing longtime Industry Leader Sears Roebuck and co. To become the nations biggest retailer it has 2,043 stores nationwide and posted $67.3 billion in sales list year. The Case began last year after a group complained to the National advertising division of the Council of better business bureaus which initially hears such complaints. The Council first sided yith Wal Mart but on Appeal the review Board found that the. Slogan May mislead customers. The group represented several better business bureaus and Wal Mart rivals target stores and vision world inc. Dollar valued in Venezuela people line up to buy dollars wednesday in Caracas Venezuela. The venezuelan Bolivar has been plunging against the Dollar and stores have begun using the devaluation to introduce Steep Price increases. Private Banks have been buying dollars from the Central Bank at an average Price of 173 bolivars to the Dollar and Selling them for up to 5 bolivars More. The average Price for $1 tuesday was 156 bolivars and 138 bolivars on monday As recently As april 29, $1 Cost 117 bolivars. A Otis elevators wins contract from Vietnam Hanoi Vietnam apr Otis elevator the american manufacturing giant returned to Vietnam after a 19-year absence signing a joint venture agreement wednesday to sell install and maintain elevators and escalators. Vernon Stait president of Otis Pacific Asia operations said the company expects healthy profits in Vietnam because of the planned construction of offices hotels and residential and Industrial buildings. Otis installed one of Vietnam s oldest elevators at the presidential Palace in Hanoi in 1929. Los Angeles up when the Universal blockbuster Jurassic Parkis released next fall on video it will be trumpeted by an unprecedented $65 million advertising and promotion Blitz aimed at making it the top Selling video of All time. Mca Universal Home video unveiled its plans tuesday night at Universal studios detailing for the news Media and video retailers a Campaign that includes tie ins with jello desserts Mcdonald a Compuserve Kenner toys Tiger electronics a manufacturer of hand held electronic games and Ocean America which makes video games for use on Nintendo systems. Seizing the momentum that propelled Jurassic Park into the record books with nearly $900 million in worldwide Box office grosses and As of this week $1 billion in sales of games and other related merchandise Mca Universal projects worldwide video retail sales will exceed $1 billion Mca Universal is a unit of Matsushita electric Industrial co. Matsu Shital a shares Rose $3.50 wednesday to $172 on the new York Slock Exchange. The videocassette of the Steven Spielberg Dinosaur thriller will be available in retail stores beginning sept. 30 world wide with the official Sale Date in the United states set for oct. 4. It will be available at a suggested retail Price of $24.98. A a the video will be offered in different versions. A Quot letter boxed version will show the entire movie screen image and dark bands at the top and Bottom. A a pan and scan version will fill the to screen but outer portions of some scenes will be cropped. A third version will have Spanish subtitles. Andrew Kairey the company a senior vice president of marketing and sales said the Campaign is expected to generate 8.3 billion Gross impressions reaching 98 percent of Consumers an average of 25.2 times each. Louis Feola president of Mca Universal Home video said comparable campaigns Are being developed for Canada Europe Asia and other foreign markets. A Quot its certainly the biggest we be Ever had and i would venture to guess the biggest for any movie a Feola said of the Blitz which includes rebate offers through jello and Mcdonald a contests aimed at boosting resale orders a new line of toys from Kenner and elaborate video store displays. Washington a the Clinton administration is weighing whether to join a push to urge Congress to allow the Export of North slope crude Oil to Asia. Congress required that the Oil be sold Only in the United slates when it authorized creation of the trans Alaska pipeline in the 1970s. But some North slope producers especially British Petroleum co and some Independent producers in California Are pressing to end the Export ban. The California producers Hope the exports would divert alaskan Oil trom their state and boost their sagging Industry. But an end to the ban would probably prompt opposition from Environ mentalists the Maritime Industry and consumer advocates who maintain it would increase West coast gasoline prices. Administration officials asking not to be identified said the Issue has prompted a Lively debate within the administration with the Energy department generally leaning toward ending the ban. Department spokesman Joey Lucas said wednesday that the department has made no decision. Quot we Are preparing a study on the economic gains and losses of lifting the ban a he acknowledged. Some senior officials including Energy Secretary Hazel of Leary have been generally favourable toward allowing exports As a Way to boost Domestic Oil production and to increase jobs in the California and Alaska Oil remarks this week to Independent Oil producers in California Deputy Energy Secretary Bill White suggested that lifting the ban would boost California producers create thousands of new jobs m both states and have a marginal effect on West coast gasoline prices. But environmentalists fear exports would Speed depletion of North slope reserves and increase pressure for drilling in the Arctic National wildlife Refuge. Oil companies have argued for years that the Arctic Refuge which is also in the Northern reaches of the state Shoult be opened to drilling because of declining North slope reserves. Consumer groups such As citizen action said exports will Benefit the North slope Oil companies at the expense of . Consumers by raising gasoline prices on the West coast where refineries depend on the Alaska crude
