European Stars and Stripes (Newspaper) - July 2, 1994, Darmstadt, Hesse Page 16 the stars and stripes Money matters saturday july 2, 1994 i today a rates following arc fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use a a a a a a British Pound 57 dutch Guilder -1.75 German Mark 1.56 greek drachma 23517 no Topi Tho radius above apply within lha 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 \ austrian Schilling 11.2855 Bahrain Dinar 6.37675 belgian franc. 32.895 British Pound 1.5235 Canadian Dollar .1.381 danish Krone 6.268 dutch Guilder 1.7962 French franc. 54962 German Mark .1.6035 italian lira .k1,600.00 Kuwait Dinar. 0.29535 norwegian Krone 6.9825 portuguese escudo 165.20 saudi rial 3.7501 Spanish peseta 132.46 Swiss Trane. 1.3435 turkish lira. 31,000.00 Noto figures Aro expressed in dollars to the British pounce other currencies to the Dollar Gold quote $366.80 an ounce. A j a a. Silver quote $5.36 a ounce quo sources merchants National Bank amp Trust co., the associated press United press International e new York Exchange a new York apr Sals Ike 15 most Active new be nationally thursday. S,4pm, Price and net change of k Slack Exchange issues trading name volume last chg Gratis hair a. 5,164,600. 5? my s. A 4.360,000 .4415 -311 amen press a 3,160,100 25 a unch de eco a a 2,026,700 67v5 -115 ism-2.632,700 50�?~it Genma mrs. 2,494,600 50 i Shaw Rui $. 2,253,900 �1612 4 Gene acc s. 1,098,300 46vs a it 1 Mascot och 1,997,500 131 unch Mcdonalds s. 1,987,400 2 8 Vivi stors Gutch 1,929,300 32v -1 a Tim by ads 1.330.100 551i 15 humana.1.738,700 16 i Motorola s1.693.200 44 via i Watman. 1,626,700. 24�?T/ 4i e american Exchange 1 new York api a sales closing Price and net of me Active american Slock Exchange fading nationally thursday. A name a cd cyst s weath fed. 1 atari tote Roicca Anict Stilld Echo Ray Ivan up Hasbro Amdahl a a volume 1,571,700 1,163,400. 502,boo 447,200 a 406,100 3 3/15 39g20q a 6v� 341,600 293.400 296.700 203.700 last a 1 be 13 or 2% 10/ 16li 29-a a 5�?Ty change issues chg. 4. A h. A it. -7/16 3/16 it i unch a e Dow Jones new York a Ages on thursday a 30 industrials 20 transport 15 utities. 65 stocks a Dow Jones closing Range of aver High a Low close change 3603.56 3610.72 3624 90 off 4209 1e25 43. 1584.65 1595 68 off 9 93 .173.62 175.73 1 77.7 7 off 0.09 1259 34 1262.42 1269 34 off 1.42 no unified Effort planned to halt plummeting Dollar from wire reports. As the Dollar Sank to postwar lows against the japanese yen ., japanese and German officials signalled that they Arentt planning any coordinated moves to halt the dollars slide. The comments thursday dampened expectations in the financial markets that the group of seven leading Industrial nations will adopt significant policy Mea surfs to support the Dollar when they meet for talks in Naples Italy on july 810. The seven Areche United states Britain Canada France Germany Italy and Japan. A we done to see the g-7 As the place for working through the Dollar Issue a. Clinton a National Security adviser Anthony Lake said wednesday. Many currency traders now say they believe leaders of the Industrial countries de spite recent rhetorical support , currency Arentt Likely to do much to reverse its slide. Specifically the g-7 finance to have ruled out joint policy moves a adjusting interest rates or coordinating tax and spending policies a to defend the Greenback a at the moment the markets Arentt terribly impressed by the comments of global officialdom a said Ronald Leven global currency strategist at . Morgan amp co. The Dollar ended the week at another record Low against the japanese yen in Tokyo trading Friday. The Dollar ended at 98.78 yen Clown 0.17 yen from thursdays close but above its overnight new York finish at 98,50 yen. But it remained steady against the German Mark. The Dollar currently buys 1.56 Marks at military banking facilities. Thursdays drubbing of. The Dollat began in Japan. Legislators chosen for key positions in the Cabinet of newly elected prime minister Tomiichi Murraya. Tea suggested that it will take longer than expected to reach agreement on tax and spending policies. Adding to the markets concern was a declaration thursday by jaws new Trade minister Ryutaro Hashimoto that the japanese Central Bank lower Short term interest rates to keep the yen from rising further. A similar View was expressed later in the Day by a senior official at the Bundesbank Germany scentral Bank. Guntram Palm a regional president for the Bank said the rapid growth of a leading measure of Germany a Money Supply in recent months provided reason for the Bundesbank to move slowly in considering Calls to lower rates. F / a a father son creation David Montague left and ills father Harry show Oil their invention wednesday in Boston a a utri Frame tandem that can fit into the trunk of most any ear. The pair spent six y ears design set to tune into ing their Foid up bicycle for two. The tandem which costs $1,995, folds into a package that is 36 inches by 36 inches by 12 inches. No tools arc necessary the montages say. . Exports of soup Are bubbling up Washington a soups on All Over , and a lot of it comes from the United states. A . Exports of canned and dry soup reached a record $73 million in 1993, nearly five times the level six years ago the foreign agricultural service said in a recent Trade report. \ furthermore in the first Quarter of 1994, . Soup shipments Rose 28 percent the agriculture department Agency said. A if tie recent trends continue the rising tide of soup sales could pass the $100 million Mark by the mid-1990s and approach $150 million by the end of the Century a the report said. / new York a after losing the nil and being abruptly dumped by Ejgil affiliates lbs is a hero again the company said thursday that it was close to acquiring ivc inc. A and entering the Cable to Industry at last a in a Deal that analysts value at More than $2 billion. A the boards of lbs and ivc Are to meet to consider the Deal july 13. both companies would have to endorse the proposal As would Federal regulators a a /. Ivc chairman Barry Diller would become chief executive of the combined companies Laurence Tisch would remain chairman of lbs. A we think this is. The right Deal the right merger -. And the right chief executive Tor lbs a said Tisch lbs president and chief executive. Lbs has been criticized during Tischl a tenure for concentrating almost exclusively on network to arid failing to Ven Ture into is the Only network without substantial Cable interests. Ivc a a shareholders include some of cables biggest operators Tele communications inc time Warner inc. And co cast corp. A a lbs in one fell swoop ends up being a big Power in business a said Quot Media analyst John Reidy of Smith Barney amp. Co. A a a Quot Diller said that extending the lbs name into Cable Wilt provide numerous programming and business opportunities. It also would give lbs the programming and strategic expertise of Diller. He is regarded As a visionary in the Industry and is Given most of the credit for turning Fox into a fourth to network. Lbs Stock which was halted on the new York Stock Exchange for most of thursday because of the anticipated announcement shot up $48 to close at $311 ivc Deal a share. Ivc Rose $5.62 to $38 on the Nash a Slock Market. Tisch said the company for any other partners. Ana to said counteroffer were unlikely. As Row planned lbs would acquire the smaller ivc by paying ivc share holders a combination of lbs Stock and Stock in the merged company. Lbs shareholders would get a combination of cast. And Slock. They would own about 54 percent of the new company _ two lbs stockholders filed suit thursday seeking to clock the merger which they called a unconscionable and unfair and grossly lbs would not comment on the lawsuit. Both lbs and ivc have suffered recent setbacks Diller failed during the Spring to arrange a Deal for Paramount communications inc. And lbs has lost both National football league broadcast a Jav rights and eight key affiliates to the Fox network
