European Stars and Stripes (Newspaper) - May 28, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters saturday May 28,1994 today a rates a following Are fixed rates at which Community Bank Irig and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound 1.55 dutch Guilder 1.79 German Mark 1.61 greek drachma. 237.9165 note the rates above apply within the Host country. Figures Are expressed in dollars to the British Pound other currencies to he Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curran cies j a. A a a / a a a. A austrian Schilling 11.5025 Bahrain Dinar 0.37675 belgian franc. 33.94 British Pound 1.5093 Canadian Dollar 1.3855 danish Krone 6.445 dutch Guilder t4�iti���-Fetbbtt-i-j-Vribi. 1 <6477 French franc 5.6275 German Mark 1.6475 italian lira. 1,592.75 Kuwait Dinar 0.2975 norwegian Krone 1 14 7.1345 portuguese escudo. 171.20 saudi rial 3.7501 Spanish peseta. 135.67 Swiss franc 1.407 turkish lira 31,000.00 note figures Are expressed in Dohara to line British Pound other currencies to the Dollar Gold quote $383.40 an ounce Sliver quote 5.46 an ounce. ,. Sou cosi merchants National Bank s Trust co., the associated fress United frees International l new York Exchange new York up the is most in lev stocks a new York Stock Exchange composite hiding on thursday a Stock Silet Lett it chg. Phili Morris "-9,747,700 a sow 0113 computer Assoc 4,791,600. 43w a a a up 5 Upjohn co 3,026,500. 33 up3tt Wal Mart stores 2,944,200 23w a up via the Lewonos de my 2,771,500 61v4 Del Vuk tech holdings 2,506.200 22w. Arf via ism corp. 2,292,000 .64. A up w a Merck amp co inc Quot 2,273.800. Now of w Boeing co 2,254,200 a a 47 a a up the Deere amp co .1,951,100 69w ow2yr Abbott labs inc 1,779,990 30m. Up vib am medical bldg 1,749.700 2m. Up14> Ousep Owerro 1,693,509 3g /fc.1to pfc general motors a a 1,669,800 54vn a Otow genl electric. A i.620,900. 48v5 up f american Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading thursday. Stock. Sales us net Cho. Explore Taco la v. 13,562,200 a 1y< unch Organogenesis a 497,600 �10vi off 1 tax corp 372,200 Tovi of Vuk Echo Bay mines 281,600 11w off vhf Century comm 260,800 vhf unch greyhound lines. 258,500 9vk o1 w Viacom inc b. 258,100. 2bw a Otil top source inc 239,200 4tv a Olff Chiles offshore 239,000 5. Traw intern Agnot Gen -231,300. A 22vi Oil Vuk Dow Jones 1 new York up a Dow Jones closing Range of averages on thursday. A. High Low Clate change 30 industrials 3785.07 3722-76 3753.48 Oil 1,64 -20 transport 1616.43 1596.34 1608.26. Up 4.65 15 utilities a 168.57 185.14 a 187.56 up 2,44 65 stocks 1315.15 1294.94 1306.10 up 3,10harrah a indians Washington a economic growth slowed dramatically in the first Quarter of 1994 because of Winter storms and the California earthquake but remained stronger than anticipated the government said Friday. The Commerce department said the Economy expanded at a healthy 3 percent annual rate Down from the booming 7 percent rate for the final three months of 1993 but More rapidly than the government estimated a month ago. The Stock and , worried about. I inflation and rising interest fates fell after the report. And analysts admitted that they were scratching their Heads Over the continued strength of consumer buying and an unexpected Rise in Domestic government spending. Growth was 2.9 percent in the third Quarter of 1993 and 3 percent for the full year. Fridays increase in the Gross Domestic product was revised upward from last a months 2.6 percent estimate for the first Quarter of 1994. The Gross Domestic product is the nations broadest gauge of economic activity measuring All goods and services produced in the United states. Most economists had anticipated a downward revision believing the pc Vious estimate overstated growth. The Commerce department said higher consumer spending government purchases and net exports More than offset a downward revision in business inventories. A a. The Eye popping growth that closed but last year a the highest since the Start of 1984 a played a big part in prompting the Federal Reserve to boost Short term interest rates four times this year. Economists insisted that most signs Point to modest expansion this year particularly after the full effects of the feds latest interest rate increases Are Felt. The Winter chill and the devastating California earthquake in january severely dampened growth contributing to a slower Pace in housing and business construction and a Sharp drop in business profits because of uninsured property losses and claims paid by insurance companies. The Commerce department also reported that after tax corporate profits in the Quarter fell to an annual rate of $284.9 billion Down 3,7 percent from the last Quarter of 1993 following a 7.9 percent increase Over the previous three months. Engine trouble a Man inspects the insides of a russian Su-30mk bomber at features 390 exhibitors from 29 countries the show of the new Berlin s  Airport on thursday. The plane is part of est developments and products in aviation technology runs the International aerospace exhibition that opens today and through june 5. Casino Maricopa Ariz. Up Harrah a and the a Chin Indian Community broke ground thursday on their $25 million resort on a reservation about 25 Miles South of Phoenix. The 72,000-Square-foot Casino scheduled to open late this year will feature 475 Slot machines and 40 gaming tables As Well As restaurants and retail shops with a contemporary Southwest theme. About 1,3 million people Are expected to visit the Casino each year. The Casino will be the first Indian gaming operation to carry the Harrah a name. In minimum wage Washington up the stagnation of the minimum wage in the United states has fostered a shift toward More Low paying jobs that hits High school educated workers hardest by limiting their Job Choice a report said thursday. The economic policy Institute published the 90-Page report raising the floor the effects of the minimum h age on Lou wage h of races by William e. Spriggs and Bruce a. Klein the Institute is a Washington based nonprofit group. Raised 12 times Between 1950 and 1982, a the wage went through a unique dry spell during the 1980s,�?� the authors said. A was prices Rose during the decade by More than 30 percent Congress held the hourly wage constant at $3.35," the report said. A increases in 1990 to $3.80 and 1991 to $4.25, where it remains today returned about half of the purchasing Power that was lost but not enough to raise the value of the minimum wage to its level of the 1960s or 1970s.�?� but Daniel Mitchell senior fellow with the Washington based heritage foundation said the report a lacks  according to the study the value of minimum wages in constant 1992 dollars peaked at s5.50 in 1979 and hit Bottom at $3.78 in 1989. The report said that because of the decline in the minimum wages purchasing Power a worker earning the minimum in 1992 in a full time Job would have fallen �?o$600 below the poverty line for a family of two $2,300 below the poverty line for a family of three and $5,364 below the poverty line for a family of  _ a by contrast in 1979, the earnings for a full time full year minimum wage worker in a two or three person family were above the poverty line a it said