European Stars and Stripes (Newspaper) - July 13, 1994, Darmstadt, Hesse Page 16 the stars and stripes Money matters wednesday july 13, 1994 today a rates following arc fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound 1.61 dutch Guilder. 1.67 German Mark. 1.49. Note tie rates 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. 10.7545 Bahrain Dinar. 0.37675 belgian franc British Pound a a a a a a a a a a a 15705 Canadian Dollar 1.3843 danish Krone. 6.01 dutch Guilder. 1.714 French franc. 5.249 German Mark 1.5295 greek drachma 226.90 italian lira. 1,514.55 Kuwait Dinar. 0.2946 norwegian Krone. 6.707 portuguese escudo 157.15 saudi rial 3.75 Spanish peseta. 125.98 Swiss franc 1.2905 turkish lira 30,500.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar. Gold quote $384.40 an ounce a. A Silver quote $5.28 an ounce. A. Sources merchants National Bank amp Trust co. And the associated press new York Exchange new York apr sales the 15 most Active new York a nationally monday. A name Ull Yeli. Mckesson ism a Ora Nastek. For motor s. A a Phili Morris Placer Omulac Ming i a team exams. Mcdonalds s Merck Stor Getch. Wax tech a Saralee. A Pepsico. A 4 . Price and net change of Stock Exchange issues trading volume 4,471,400 3.613.100 2.646.600 2.329,1002,146,100 2,087,700 1.911.600 �1,904,600 1.869.600 1.634.100 1,bqt800 1,768,200 1.727.600 1,669,700 1.576,500 last -. Cig. 50 �?7>k 98 2i�t Tsvi -1w 19 a 115 30lt s37/i 20 a .9 i a i i. I 55 i .23 -1 29 i 36 1 26 i 19 30 unch c Dow Jones j new York apr Dow Jones closing Range o averages monday a 30 industrials 20 transport 15 utilities 65 stocks High Low close change 3735.36 3671.26 3702.99 Oft 6.15 1608.70. 1572,95 1582.68 off 19.64 182.05 1297,83 179.48 180.86 1273.85 1283.71 off .86 off 7.27 United workers face buyout plan or cuts Chicago apr United airlines is planning to reduce expenses a with or without its employees cooperation. The deciding Factor is the Fate of an employee buyout plan. The buyout would give United a 75,700 workers 55 percent ownership of its Parent company Ual corp. In return United a pilots ground Crews office workers and customer service agents would give up $4.9, billion in wages and. were scheduled to vote tuesday on whether to make Ual the country a second largest employee owned company behind Public super markets inc. Of Lakeland Fla. Approval would conclude a seven year quest by United a pilots for majority employee ownership. Failure of the plan could mean layoffs and sales of United assets. Chicago based Ual lost $50 million last year. Ual shareholders would receive $84.81 in Cash plus one half share of Stock in the new Ual for each existing share they own. Ual estimates the value of the Deal to shareholders at $143 to $147 a share. Ualk a Stock has been trading under $130 a share. . Teen agers it s Tough Job to get by the St Louis Post dispatch americans teen agers who seem to Pride themselves on being trendsetters Are laggards on the one trend that really counts the path to economic Well being. While the number of employed people Over age 20 has risen almost 4 percent in the past four years teen employment remains below its pre recession Peak. True More teen agers today Are opting to continue their educations rather than enter the Job Market but plenty of Young people still want work and can to find it. Teen age unemployment was 18.3 percent in May. That a Down from rates As High As 20 percent in the past couple of years but still above the 15 percent level that prevailed before the recession in 1990 and�?T91.the lingering effects of the recession Are hurting teens pocketbooks. The Rand youth poll which has been surveying 13 to 19-year-Olds for 41 years says that the average teens income fell significantly Between 1988 and 1993. For Young women Between Ages 16 and 19, the drop was Only 4.7 percent but for 13 to 15-year-old boys income was off 11 percent in five years. A lot of that reflects the Adverse Job Market. But even mom and dad who during Good times Are something like the geese that Lay Golden eggs for teens to spend have tightened their purse strings. According to last years Rand poll,.par ends Shell out allowances that average $17.39 a week for 13 to 15-year-old boys $19.09 for girls the same age $32.39 for older boys and $33.79 for older girls. But the amounts for boys Are Down 7 percent since 1988. The younger girls allowance has remained stable while the older girls has fallen 4 percent. What Sall this mean for parents some portion of a child a allowance Clear. By is a luxury that can be Cut Back when times Are Tough. Teens also Are marginal players in the labor Market. They re the least Speri ended workers so they re the firs Tuo be let go when layoffs hit. Or the into Tiship or summer Job that would have to a teen simply Isnit filled when business is bad. But there a More happening than cyclical patterns. Many of the jobs that practically used to have a teen Ager written into the Job description a bagging groceries taking tickets at the amusement Park flipping hamburgers a now lure significant numbers of older workers. Some Are retirees who want a Par time income to supplement their pensions. Others Are workers who once might have earned More in factories but Haye been forced Down the economic ladder Asma by Usk i 1 led a n u fact ring jobs have disappeared. A 1 distributed by Scripps Howard nows service near on Bill i to watching Dollar two dealers keep Busy during currency trading tuesday morning As the . Dollar continued its slide on the Tokyo Exchange. The Greenback tumbled to a record Low close tuesday of 97.07 japanese yen. It was the dollars lowest finish since modern Exchange rates were set up in the late 1940s. Washington apr the Senate approached a showdown on legislation to outlaw the permanent replacement of striking workers. Proponents said it would give employees economic leverage but opponents contended it would Send jobs abroad. A. Senators planned to consider a procedural motion tuesday that opponents believed was Cir Best Chance to kill the proposed workplace fairness act. Backers conceded they probably lacked the votes to keep the Bill alive. Sen Howard Metzenbaum the Ohio Democrat who sponsored the legislation argued in debate monday that current Law a sends the unmistakable message that workers Are disposable reducing employee morale and lowering the so called striker replacement Bill he said would a give Back to workers the economic leverage to make collective bargaining but sen. Nancy Kassebaum r-kan., said current Law a already establishes an appropriate balance a Between labor and management and the Metzenbaum proposal would a Force companies to adopt uncompetitive labor she said the result would be More layoffs and a greater incentive for employers to move jobs overseas. Backers claimed they had enough votes to pass the Bill but were three to five votes Short of the 60 required to break a filibuster in which opponents use stalling tactics to Block legislative action. The Clinton administration backs the legislation which was adopted by the House in a similar form last year. Metzenbaum denounced the republicans for a blocking the Senate from even moving to the Point of he said their party had a turned its Back on american working families siding with big business and corporate but sen. Don Nickies r-okla., countered that the Bill was a strike Friendly a its not worker if the legislation is adopted he said a a we re going to have More labor new toilet Law stops up some businesses Concord . A the toilet Industry is flush with demand. Federal regulations that aim to conserve water Are causing a shortage of toilets and some plumbers and contractors say orders Are running weeks to months behind schedule. A Law that took effect Jan. 1 demands that Only toilets with 1.6-gallon tanks be installed in new Homes or As household replacements for old bowls. Businesses must follow suit by 1997. The new tanks a called ult alow flow toilets a replace 3.5-gallon tanks that were the Standard for about a decade. The change is expected to save 47 Gallons a of water per Day in the average Home. In new York City alone where there Are an estimated 4 million toilets the tanks Are expected to save about 200 million Gallons a Day. A a there a been a lot of activity in the building Industry and manufacturers were caught a Little Short. A there is definitely a shortage of toilets a said Rick Swain executive director of the new Hampshire association of plumbing heating and Cooling contractors
