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Publication: European Stars and Stripes Friday, June 3, 1994

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     European Stars and Stripes (Newspaper) - June 3, 1994, Darmstadt, Hesse                                Page 22 the stars and stripes Money matters Friday june 3, 1994 f today a rates >-1 following arc fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound.1.56 dutch Guilder .1.79 German Mark .1.60 greek drachma .239.1758 Nota Tho rata 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 austrian Schilling. Bahrain Dinar. A belgian franc. 33.91 British Pound. 1.5177 Canadian Dollar. 1.3864 danish Krona. A dutch Guilder. 1.8472 French franc. 5.6315 German Mark .1.6473 Tau Anglra. .1,596.55 Kuwait Dinar. A norwegian Krone. A portuguese escudo saudi rial. A Spanish peseta. A Swiss franc. 1.40 turkish Ira. A note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $363.60 an ounce. Silver quote $5.35 an ounce sources merchants National Bank amp Trust co., the associated press United press International new York Exchange new York Orpi a the 15 most Active stocks in new Stock site lilt Nelch. Rwjr Nabisco hid 4,583,700 5v� unch wat Mait stores 4,523,500 221k off in us surgical co 4,272.100 21v up 21k Citicorp 3,676.800 401k up us Chase Manhattan 3,372,600 391k up 11k Philip Morris 3,088,200 48v5 off a Merck amp co inc 2,827.900 301k off in digital equip it. 2.754,200 211k off a Motorola inc 2,485,000 am up 11k Wax technology 2,403,200 281k up 1 is blockbuster ent a 1,997,100 a to up a Tele fonts de my 1,969,500 6m off in genl elect la 1,957,800 501k up in Micron tech inc 1,944.900 351k up 2vk at amp to company 1,939,000 55 pulk american Exchange new York up the 10 most Active stocks in Exchange composite trading wednesday. American Stock Slock expo rate co la Nichols inst a Nichols inst c Cheyenne softer Energy service Echo Bay mines Themio Gold mine  a top source inc enter Magnet Gen Sale 2,567,400 665.400 521.400 441,600 329,100 320,000 301.500 247,200 241.500 221.400 la net Chol. 111-13 up is 12 up 7 3-16 12 a 41-16 11 9 4 4 i 18vk up 71k Oft w up 1-10 Oft i Fivi up 1-16 off 1-13 off a Dow Jones new York up a Dow Jones closing Range of averages on wednesday 30 industrials 20 transport is utilities 63 stocks High 3785,14 1638.94 187.52 1320.19 Low 3717.79 1610.03 183.96 1296.56 close 3760.83 change up 2.45 1627.46 off 0.44 166.26 1311.42 up0.t9 up 0.53 saudi Prince vows to invest $500 million in euro Disney Burbank Calif. A a saudi arabian Prince has pledged to become the Knight to ride to euro Disney a Rescue. Prince Al Waleed bin Talal bin Abdulaziz a1 Saiid said wednesday that he would invest $500 million in the struggling theme Park in the suburbs of Paris. New plans include a commitment to build a convention Center to attract More business visitors to Mickey mouse a european Home. The american educated Prince 37, is a Nephew of King fahd. He has attracted attention in the past for his investments in other famous . Companies. In 1991, he bought a 14.88 percent stake in Citicorp for about $800 million making him the largest individual shareholder of the largest american Bank. Two years later he bought 11 percent of Saks fifth Avenue the posh new York department store. Al Waleed has agreed to buy 13 percent to 24 percent of euro Disney through a new Stock offering that is a Central component of a bailout for the debt riddled attraction. Euro Disney is offering its shareholders the Chance to buy 90 million shares of new Stock with proceeds from the offering estimated at 5.84 billion French francs or about $1.04 billion. Al Waleed will buy from either the 51 percent offered to shareholders or the 49 percent offered to Walt Disney co., which already owns 49 percent of the Park. If the Prince buys part of Disney a share the company a investment in euro Disney will be reduced by $175 million Disney spokesman Tom Deegan said. The company a total ownership then would drop to 36 percent from 49 percent Deegan said. The Prince also will provide a three year financial commitment of $100 million for a convention Center being considered near the Park 20 Miles East of Paris. In a statement Disney said the convention Center was contemplated a was a Means to help draw additional visitors to the resort and hotels especially during midweek and off season  since opening More than two years ago euro Disney has accumulated a debt totalling $3.7 billion despite becoming the most popular Short destination resort in Europe. Park operators blame a european recession Anc miserly visitors for euro Disney a woes. Euro Disney announced last month an operating loss for the first half of 1994 of $183.9, million with revenues dropping 12.4 percent to $276 million. A this significant investment and financing commitment by Prince Al Waleed Means that there is a Strong sophisticated new partner who shares our View of euro Disney a future and whose involvement enhances Disney a major contribution to the euro Disney financial restructuring package a Disney chairman Michael d. Eisner said in a statement. Al Waleed said in a statement a i believe the Long term prospects for euro Disney Are Bright. The Quality of what has been constructed at euro Disneyland Paris makes me optimistic about its future making connections David Coltman vice president of the Atlantic division of United airlines left and Jurgen Weber chairman of the Board of Lufthansa shake hands at Frankfurt International Airport on wednesday to Mark the official beginning of their trans Atlantic cooperation Deal. The carriers have agreed on a code sharing program that allows travellers to connect easily to More than 400 destinations in 9q countries that the two airlines  of tourists fills Hannibal after flood ebbs by Jim Salter the associated press Hannibal to. A to borrow a line from Hannibal a favorite son reports of this towns death have been greatly exaggerated. Visitors Are again walking along the cobblestones on Hill Street to tour the two Story Frame House where Mark Twain grew up and see the tall Board Fence made famous by the adventures of Tom Sawyer. They re scurrying to the riverfront for rides on the Mark Twain riverboat which sat Idle most of last summer during the great flood of �?T93. Ten new downtown shops have opened this year and six attractions Are expanding. A a in a very proud of the tourism Community. They re coming Back bigger and better than Ever a said Faye Bleigh director of Hannibal a visitors Bureau. Tourism is this northeastern Missouri towns no. 2 Industry employing 1,500 people and generating about $13 million annually. Then the Mississippi River overflowed its Banks last summer in the worst flood in the City a history. A we had what you would Call a Rotten season a said riverboat owner Robert Lumpp. Hannibal Wasny to alone in its misery. From East Cen trial Missouri Swine country to the French colonial vol a Quot Lac of Ste. Genevieve to the quaint shops in St. Charles the flood nearly wiped out tourism in 1993. A we were basically out of business for nine weeks a said Jim Ashby of the Stone Hill winery in Hermann 70 Miles West of St. Louts on the Missouri River. Business was Down about 90 percent during most o the summer at Lucretia a restaurant in Ste. Genevieve about 60 Miles South of St Louis on the Mississippi. A your business consisted strictly of flood workers Thi National guard and City workers a owner Ann hade said. A the entire summer was completely  Many tourist spots stayed High and dry during Thi flood. In Hannibal one residential neighbourhood a flooded downtown was saved by a levee finished jus months before the flood. But some would be visitors apparently thought All o Hannibal was under water. And flooded highways am closed Bridges prevented Many from reaching mass oui tourist spots anyway  
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