European Stars and Stripes (Newspaper) - June 14, 1994, Darmstadt, Hesse                                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.1.55 dutch Guilder.1.81 German Mark. 1.61 greek drachma. 244.006 nog Tia rates above apply within the Host country.  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 .11.6605 Bahrain Dinar .0.37675 belgian franc .34.12 British Pound.1.5126 Canadian Dollar .1.3797 danish Krona. 6.476 dutch Guilder. 1.6625 French franc 5,6405 German Mark. 1.6554 italian lira. 1,560.10 Kuwait Dinar. 0,29765 norwegian Krone .7.1635 portuguese escudo .172,95 saudi dal. 3.7498 Spanish peseta 136.07 Swiss franc. 1.3987 turkish lira. 32,000.00 note. Figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $362,50 a ounce. Quot Silver quote $5.35 an ounce. A a sources merchants National Bank $ Trust co., the associated press United press International open Likely to stand Pat on Price plan experts say by Sally Jacobsen the associated press Brussels Belgium having halted a slide in Oil prices open will Likely adopt a h ands off policy at a St rate by session this week and leave crude production at current Levels in the months ahead. The dozen nations of the organization of Petroleum exporting countries meet wednesday to open their conference in Vienna Austria. A a it a the old adage if it ainu to broke done to fix it a a said Peter Bogin associate director for Oil markets at Cambridge Energy research associates in Paris. A and it certainly ainu to  last March the organizations Oil ministers agreed to Cap surging crude production at 24.5 million barrels a Day for the year in an Effort to keep prices from declining further since then the nations have held More or less to that level. A the Overall situation is better for open a said Pierre Terzian editor of the Paris based newsletter  russians turn the average Price of the open Basket of seven crude oils has advanced nearly $3 a barrel to about $16 at the end of May. That a up from five year lows reached earlier in the year. While prices have strengthened they re still far off the cartels target of $21 for a 42-gallon barrel. Light Sweet crude in the United states and Europe run several dollars a barrel above the open Marker. A possibly cheap Oil is not Here to stay a said Peter Gignoux manager of the Petroleum desk at Smith Barney Harris Upham in London. The Price improvement has been attributed partly to increasing demand for Oil in the United states As the Economy continues to improve. Better economic prospects in Western Europe hit hard last year by recession also should bolster crude sales As factories and other Consumers buy More Oil. Also Oil markets have been nervous about the effects of the civil War in Yemen on Oil Supply. Yemen which does not belong to open produced 350,000 barrels of crude daily before fighting broke out More than five weeks ago. Opecz a latest production tactics were drawn up last March when the ministers feared prices would plummet in the april june period demand for Oil normally drops in the Spring with warmer weather in North America and Europe. Iran the group s second largest producer and others had argued for a deep Cut in production As a Way to tighten supplies and drive prices higher. But saudi Arabia the world s largest producer refused to trim below 8 million barrels a Day its current output. Without the kingdoms taking part a production Cut would have been meaningless. The ministers agreed to keep pumping steady at 24.5 million barrels a Day for nine months a an unusually Long period of restraint for open. Analysts estimate the nations Are pumping 300,000 barrels above that limit which is considered on target for the often unruly  . Firm St. Petersburg Russia up with Tony Bennett a from rags to riches playing in the background several dozen russian employees of the Oktyabr drug firm came Forward last week to receive their newly acquired shares in the .-based spi pharmaceuticals inc. A a in a a stockholder now a chuckled Ilona Nikolaenko a worker in the Oktyabr pharmaceuticals sales department. She also won a personal computer in a company raffle designed to entice employees to participate in the scheme. The share Swap grew out of spies offer in March to Trade its own common Stock and other direct investments for shares in the russian company in an Effort to gain a controlling interest in the newly privatized russian drug maker. Employees were offered several package options to Trade their shares in Oktyabr which is 40 percent worker owned for Cash and spi shares. As a result spi now owns 26.5 percent of the russian firm. Spi also was granted a lease of 25 acres of land from the City of St. Petersburg. The firm plans to build a modern pharmaceutical Plant there for its .-russian Oktyabr joint venture. More than t,000 of Oktyabri a employees took part in the Swap. Those who participated were entered in the raffle which offered Sulci prizes As video recorders televisions and american vacation packages. The grand prize won by Oktyabr employee Yuri Vasilyev was a Lada car. A i thought ownership in an american company would be Good for my family a future a said Vasilyev who has worked at Oktyabr for 15 years. Valery Korz Hukin chairman of the St. Petersburg Public health committee welcomed sit s interest in the russian firm noting that few Western pharmaceutical companies have been willing to risk investment in Russia. Oktyabr was russians first pharmaceutical company founded in 1714 by russians Czar Peter the great. Boeing a 777, designed completely on computer takes Oft sunday from Paine Field near Everett Wash., for its first test  Everett Wash. A the Boc ing  new 777 jumbo Jet flew for the first time sunday and its Pilot said the worst problem encountered was Washington states Lousy weather. The three hour 48-minute flight a was not perfect but As close As they come a said a jubilant capt. John Cashman 777 chief Pilot. Cashman and capt Ken Higgins the co Pilot and Boeing a director of flight testing performed More than three dozen tests during the flight. They stopped and restarted an engine flew at near stall speeds and raised and lowered the Landing gear several limes. At one Point the pilots picked out a Cloud and simulated Landing upon it Cashman said. Boeing executives said everything went As expected. A a in a pumping enough adrenalin now to Fly without an air plane a Boeing president Phil Condit said. The 209-foot-Long plane is nearly As Large As a Boeing 747-400 but with two engines instead of four. Its engines even at full throttle were no louder than a throaty hum and did no to drown out the cheers of thousands of Boeing employees and family members gathered at Paine Field Cashman said afterwards that he had waited for the Best weather conditions on a blustery and wet Day. Cloudy weather forced the pilots to divert the in state flight so photos from a Chase plane could be made. The flight was the first of an All new Boeing air plane since 1982, when the midsize 757 debuted. Boeing formally rolled out the 777 in a flashy ceremony april 9, since then the company has been performing extensive ground tests on the first plane nicknamed a working  Boeing has spent an estimated $4 billion and four years of development work on the 777. So far Boeing has announced 147 orders and 108 options for the new Jet which Sells for $116 million to $146 million. The High technology plane was the first Boeing designed entirely on computer. Boeing has spent billions to build new factories Ana Assembly lines for the plane. The first 777s, to enter service with United airlines in May next year will carry 375 passengers up to 4,240 Miles. A longer Range a a a Market Quot version available in december 1996, will carry 305 passengers up to 8,490 Miles a 50 Miles farther than the 747-400. Northwest slashes some summertime fares by the associated press Northwest airlines has announced it is cutting some summer Tares up to 35 percent. United airlines and Continental airlines say they will match the Sale. The fare discount was first announced saturday by Northwest and will include flights within the United states a except for Alaska a and trips to Canada and Jamaica grand Cayman Island and Cancun Mexico tickets must be purchased by Friday for travel Between july 3 and sept. 12. A round trip discounted fare Between Minneapolis St. Paul and new York would Cost $278, compared with the Standard $387 rate. Passengers can Fly round trip Between Boston and los Angeles for $398, discounted from $674. Tickets must be purchased 14 Days in Advance and a saturday night stay is required. United spokesman Joe Hopkins said sunday that United would match the discount fares Dollar for Dollar with identical restrictions. Continental spokeswoman Peggy Mahoney said Continental would match the fares in competing markets