European Stars and Stripes (Newspaper) - July 7, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters thursday july 7,1994 1 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. 1.58 dutch Guilder 1.72 German Mark. 1.54 greek drachma. 231.3675 note the Rales above apply within the Host a 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 Curren Bicsi s. A austrian Schilling 11.062 Bahrain Dinar 0.37675 belgian franc. 32.56 British Pound. 1.5444 Canadian Dollar 1.3865 danish Krone. 6.1917 dutch Guilder. 1.775 French franc. 5.4105 German Mark 1.577 italian lira a a a a a a a a 1,571.50 Kuwait Dinar. 0.29525 norwegian Krone. 6.904 portuguese escudo a a a 162.48 saudi rial. 3.75 Spanish peseta. 130.46 Swiss franc. 1.3225 turkish lira. 31,000.00 note figures Are expressed. In dollars to the British Pound other currencies to the Dollar. A Gold quote $385.75 an ounce Silver quote $5.33 an ounce. Sources merchants National Bank amp Trust co.,. The associated press United press International c new York Exchange new York apr sales the .15 most Active new York nationally tuesday. 4 . Price and net change o Slock Exchange issues trading name a volume last chg. Ism. 2.748,900 .56 a 49 Pepsico a 2.260,600 30 s unch Shaw and s Quot 2,177,100 16v8 unch Gene acc s a a 1,997,000 4644 of 14 Merck a a. ,. A 1 871.600 2 914 uric Rwjr Nab a 1,661,600 a 544 i . Walmart f. A 1,628,300. 52 v. 41. 1,603,700 24 /. It Gen motors. A 1,511.500 4941 -1 circus a a 1,466,400 26v4 45 Motorola s. A 1,474,800 4414 41 Abbott labs a. 1,411,300 2914 a a Raj Iligir 1 267,600 264k x Chrysler. A 1.240,800 a 4615 a 44 Tel mesas a a 1,215,300 5514 unch american Exchange a new York apr sales dosing Price. And net change of the 10 most Active american Stock Enchant Al. Issues. Trading nationally tuesday. Name. A volume Lett chg. Excl Ltd. A. 006.100 144 unch Viacom n a a a a 859,600 a 5 14 chess to s a a 721,100 a a 8v4 h Ray Alzak g a _. 353,600 .4 14 Viacom wac. A 330.500 141 a Hasbro a a 305,900 29v1 /. Aldahla 304,400 514 h eng Ysac s 1 279,500 18 >44 Echo Bay. 268.800 104114 Viacom a 221.600 3u4 t 14 Dow Jones new York a Ages on tuesday. 30 industrials 20 transport 15 utilities. 65 stocks Dow Jones closing Range of yet High 3680.65 1620.19 179.21 1288.21 Law 3621.73 1591.05 176.90 1267.23 close change 3652.48 up 5.83 1604.73 off 5.74 178.09 Oil 0.07 1277.75 off 0,55 Mutual funds suffer loss for 2nd straight Quarter new York a risk takers did no to have much to celebrate in the first half of 1994, a generally dismal period for Stock Mutual funds. Figures published tuesday by upper analytical services inc. Showed that the most aggressive categories of Stock funds posted the most notable losses for both the second Quarter and the full six month period. While Stock funds generally were lower for the Quarter the declines weren tas bad As the first three months and weren tas bad As some pessimists had been pre a Overall there was a Little blood but no deep wounds a a said Michael upper president of upper analytical. A we still Haven to even had a confirmed 10 percent correction.�?�. Still capital appreciation funds and Small company growth funds a the categories of Stock funds most favored by investors shooting for the highest possible returns a posted declines Lor the second Quarter on top of the losses they.record-. De in the first three months of the year. The 237 Small company growth funds tracked by upper fell 5.75 percent in the second Quarter bringing their aggregate loss for the first half to 8.46 percent assuming reinvestment of dividends. The 151 capital appreciation funds in the upper rankings were Down 4.56 Petr cent in the second Quarter extending their decline for the first half to 7.82 percent. By comparison Standard amp poor a 500-Stock composite Index again assuming reinvestment of dividends gained 0.42 percent in the second Quarter and lost 3.38 percent Over the january june period. Among smaller More specialized categories of Stock funds two of the second quarters biggest losers were latin american funds Down 11.10 percent and Gold Down 7.03 percent. Lipper noted that both groups were big winners last year. A quite often funds that arc on top go to the Bottom or the other Way around a he said. A markets often get too enthusiastic or too disillusioned about a particular sector style Industry or Stock. When the extremes Peak markets often sharply re verse  Lippi re a average for All equity funds a category embracing More than 2,150 funds posted a 2.20 percent decline in the second Quarter and a drop of 5.29 percent for the first half of the year. But there were some categories that bucked the downward trend. Japanese funds up 9.50 percent in the second Quarter finished the first half with a net gain of 28.55 percent. That group benefited from a rally in Tokyo Stock prices and even More from a stronger yen against the Dollar in foreign Exchange. Domestically financial services funds recorded a 6.16 percent Rise in the second Quarter that gave them a net gain of 3.06 percent for the first half. These funds have been added by a continuing recovery in banking and other financial services businesses from the a credit crunch of the Early 1990s. Lipper said the Back to Back Down quarters this year marked the first consecutive quarterly losses for investors in Stock funds since the first half of 1992. A it is Worth noting that declines historically come in Bunches a the firm said. Detroit apr for the third year in a Row owners of new lexus infiniti and Saturn cars were ranked As the most satisfied. Lexus Toyota a luxury car line led with 176 Points in the , Power and associates 1994 customer satisfaction Index a widely watched Survey of car buyer satisfaction released tuesday. Close behind were Nissan a infiniti line with 171 and general motors Saturn at 155. A a a a Honda a Acura luxury line and Germany saudi filled out the top five. The highest possible score is 202. The Survey of 25,000 buyers of new cars ranked their satisfaction with repairs reliability and treatment by dealers during the first year they owned their cars. A similar report based on a Survey of 10,000 Light truck owners was to be released wednesday.  who had seen that report said Why scr and Toyota tied As the highest racking nameplates in the category which includes minivans pickups and sport Utility vehicles. Oldsmobile Mercury and Plymouth completed the top five in the truck Survey. The average score for the Industry in the car Survey was 135, unchanged from a year ago. Above that average were five . Nameplates six japanese and six european. Fifteen car lines were below the Industry average with Suzuki at the Bottom of the list with 108. A a we be noticed a trend of improvement on the part of the european lexus rated highest on up Power and associates 1994 customer satisfaction Index. Manufacturers both in the Quality of the vehicles and in the Way the customers ate a Cine handled in the dealerships a said j. David Power Iii president of the marketing firm. A we Sec an increase to where they re Only one Point behind the asians this is an significant improvement on the part of Volkswagen Volvo and Bow a a / Overall improvement for the european brands also reflects the fact that Yugo Renault Peugeot and Sterling no longer Are sold in the . Market. Those cars did not compete Well on Quality or customer satisfaction and they pulled Down the european average in earlier surveys Power said. The average score for european nameplates was 139, up 30 percent since 1986. For asian brands it was 140, is percent higher than in 1986, and for the Domestic big three 132, a gain of 51 percent. General motors nameplates averaged 136, the first time in the history of the Survey that a . Manufacturer average was higher than the Industry average. Chrysler brands averaged 128 and Ford was at 125, the big three average in 1986 was 94. The Survey scores Are based 60 percent on owners satisfaction with vehicle repairs and reliability and 40 percent on their treatment by dealers Power  Man gets 18-year sentence los Angeles apr an investment con Man blamed for one suicide and at least $30 million in losses was sentenced tuesday to 18 years in prison. Prosecutors had urged . District judge Dickran Tevrizian to sentence Morris English or. To 30 years to life. They contended that his Wellington group real estate investment company was nothing but a fraud from november 1985 to its final collapse in 1991 and that the Impact on the 1,500 victims was enormous. A these were in Large measure retired persons a people living on fixed incomes a . Attorney Jeffrey Isaacs said. Tevrizian told the courtroom filled with More than 100 victims that those affected included a people who put away the Money for their children grandchildren and  he noted that after one couple lost $700,000, the wife committed suicide. But the judge said he could not allow himself to be swayed by sentiment and Public pressure and to Cave in to the 30-year demand. A there Are murderers in this country that done to get that kind of sentencing a he said. Outside court Isaacs said he was satisfied with the sentence. English 47, was convicted by a jury in March of 30 counts of mail fraud securities fraud bankruptcy fraud Money laundering and criminal contempt of court. He offered High returns on investments tied to real estate Trust deeds. He paid for air time to be Host of a program called executive Money on a Glendale radio station. He also plugged himself heavily in seminars newspaper advertisements and promotional brochures. Many of the investors found him charming and Down to Earth a sort of investment John Wayne said Eleanor a a cookies Sturman of Burbank head of an informal creditors committee. She herself lost $194,000. English a company filed for bankruptcy in August 1990 but unlawfully continued to solicit investor funds the government charged. Investors were promised returns of 15 percent or More from Wellington a participation in Loans to approved borrowers. While pledging that investments would be secured by a deed of Trust against the borrowers property English a company never made Many of the Loans and then kept the funds instead of returning them to investors the government said