European Stars and Stripes (Newspaper) - June 5, 1994, Darmstadt, Hesse                                Page 22 the stars and stripes Money matters sunday june 5, 1994 Dollar watch shown below Are the highest Dollar Exchange rates for the week of Way 30 june 3 compared with Dollar rates for the same period one year and five years  Mark one Dollar would buy you a 201 1.62 1.56 1989 1994 i 1993 military Exchange rat British Pound one Pound would Cost you 1.54 1.60 i.55 1994 1993 1999 belgian franc one Dollar would buy you �0v 4215 33.94 32.90 1989 1994 dutch Guilder one Dollar would buy you 2.26 1.85 1.79 1994 1993 1989 French franc one Dollar would buy you 681 5-63 6.39 1994 1993 greek drachma one Dollar would buy you 239.17 213.36 171.10 1993 italian lira 1989 Spanish peseta one Dollar would buy you 136.91 1994 127.30 126.20 1993 1989 turkish lira one Dollar would buy you 33,000 1994 10,129 1993 2,099 1989 one Dollar would buy you i 1,462 1>454 jjj4j 1993 1989 be denies it hid findings of defective Jet engines Cincinnati a general electric co on Friday denied allegations that it suppressed test results showing 7,000 military and commercial Jet engines a including those on air Force one a had dangerous electrical flaws. The government has intervened in a $100 million lawsuit unsealed thursday. The Justice department said the alleged flaws could cause fires or loss of Power. No crashes were mentioned in the lawsuit. The department is investigating to determine whether be met requirements for testing the engines. The department is protecting the governments financial interests and does not necessarily agree with the claims officials said. Be which builds the engines in suburban Cincinnati denied the allegations a which were first levelled by a whistle Blower a and said its engines have the Best safety and reliability record in the world. A after 20 years and More than 200 million hours of flight time there has never been a single reported incident of a be engine failing in service because of causes related to electrical bonding Quot company spokesman George Jamison said. A lawyer for Ian Johnson the be Engineer who filed the whistle Blower lawsuit said his client tried since 1989 to get the company to fix the potentially dangerous electrical problem with its Jet engines before he sued be on dec. 3. Johnson still employed by be had tried with written and Oral complaints since 1989 to get superiors to fix the problem said his lawyer James Helmer or. Johnson was familiar with the problem because he had corrected it when he worked for a be competitor Rolls Royce aircraft engines Hetmer said. The engines also Are used on the by bomber b-2 bomber the f-14 and f-16 fighters and commercially on Boeing 747s and the european built Airbus. Johnson sued under the false claims act which allows a citizen to sue on the government s behalf to expose fraud. If the Justice department takes Over the lawsuit and wins Johnson could get 15 percent to 25 percent of the Money recovered. The allegations in the lawsuit involve a process that Shields a Jet planets electrical components from microwave and radar transmissions radios and other devices that can interfere with engine operation. On new York a for inflation sensitive investors the labor departments May unemployment report initially looked like a nuclear missile. It turned out to be a smoke bomb. The department said Friday that the nations unemployment rate Felt 0.4 percent in May to 6 percent an enormous drop. Such information could have sent Bond and Stock prices tumbling on the premise it signalled an inflationary Economy. But Bonds and stocks rallied. The Dow Jones Industrial average ended fridays session at 3772.22, up 13.23 Points for the Day and 15.08 for the week. Other data in Friday s labor department report plus separate economic indicators released this past week Are sending mixed signals about the Economy creating confusion and nervousness. A this weeks information is a jump Ball Quot said Richard Hoey chief economist at Dreyfus corp. The drop in the May jobless rate was particularly startling because analysts had expected it not to decline at All. And at 6 percent it has reached what Many economists believe is the so called a natural unemployment rate at which Job seekers begin demanding higher wages. Indeed workers appear to be doing so already the labor department report said average hourly earnings jumped 6 cents to $11.11 in May. That Means labor costs Are going up a not Good for profits or Stock performance. In another bit of confusing news the department said nonfarm payrolls a a number much More closely watched by the financial markets a grew by a modest 191,000. That was considerably less than the growth of 275.000 to 300,000 most analysts had expected. But additions to april nonfarm payrolls were revised sharply upward to 358.000 from 267,000. Also stoking inflation fears were slight upturns in the average number of hours and overtime worked suggesting that the labor Force is being stretched to its limit. A this is a troubling report when you look at it from the Point of View of Tho Federal Reserve a a said Hugh Johnson chief investment strategist at first Albany corp. A it seems to say that inflation is a problem and in time the fed Wilt need to raise Short term interest  higher rates Are a negative for Stock valuations because they entice investors new York Exchange new a Offik up a the 15 most Active stocks in new York Stock Exchange composite trading an Friday Slock Sal St Tail Hatch k Mart Carp 4,625.500 t6 up i general motors 4,217,400 52 off 1 Bausch amp lomb 4,072,000 41 h off a i a Lehman Bros hid 3,326,200 131 up 9k Wal Mart stores 3,203,700. 23 a up t to Tele Lonos do my �2,976,000 02 a. Up1 Citicorp 2,967,600 33 it off a Penney pc co 2,791,500 43 via 0 11 it Merck amp co inc 2,739,200 31 up i Philip Morris 2,661.000 49 it tip i Chrysler corp ism corp 2,472,600 2,301,400 47 it 01 com till Pepsico in Tidewater inc a 2,147100 30 of rvs a 2.109,500 20 h a off t Sara Lee corp. 2,097,600 22 m up a. Away to higher yielding fixed income investments and because they raise corporate costs and Cut into profits but other analysts suggested the fed might not have to act soon they Point out that retail and car sales released this past week were generally weak and consumer Confidence fell m May on Friday the Nyser a composite Index Rose 1.26 to 254.34, up 1.55 for the week. Mutual new Yff to a the to in gift salons. Item me National association a it securities be acis inc., Are the prices Ai which these Sec unties Herdd have been sold net asset Fabie m bought value Phu sales change. Finlay 511-Guy chg my my in it Bond i cd of 0 mud p. 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