European Stars and Stripes (Newspaper) - July 15, 1994, Darmstadt, Hesse Page 14 the stars and stripes Money matters Friday july 15, 1994today�?Ts rates following arc fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use. British Pound 1.60 dutch Guilder 1.69 German Mark a 1.51 note the rates 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 currencies a austrian Schilling .i10.8525 Bahrain Dinar. 0.37675 belgian franc 31.79 British Pound. 1.5637 Canadian Dollar 1.3315 danish Krone Alamaa a a a a a a 6.0585 dutch Guilder 1.7305 French franc Ai via a i Aaan a air a Ai it 5.29 German Mark. 1.544 greek drachma a ii i iian Kaaa a 233.40 italian lira Laalaai a Aaan a a a a a 1,529.50 Kuwait Dinar 0.29545 norwegian Krone 6.7526 portuguese escudo. 156.65 saudi rial 3.75 Spanish peseta. 127.22 Swiss franc. 1.3013 turkish lira. 30,700.00 a note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $334.00 an ounce Silver quote $5.14 an ounce. A sources merchants National Bank amp Trust co. And the associated press new York Exchange new York apr sales 4 . Price and net Efi Ange of the 15 Mast Active new York Stock Exchange issues trading. Nationally wednesday. A. Name a a a a volume lest chg. Ford moors a 5,213,606 3214 m Quot 4,652,200 a by -5�?T4 Lilly ii 3,497,400 40vk 11/ Compaq s. A. 3,034,700 36j4 114 Abtido Tilas Quot a 2.990,300 2714 14 pm cups. 2,904,000 1514 1 Wal mail. 2.93t.600 2414 v4 Motorola s. A a 2,861,600. 4914 >4 go motors. A 2,624,000 5214. It a brits cel a a. 2,603,700 24w a a ism. A 2,407,600 5614 it Chrysler. A a a 2,31.0,500 5014 it Oil tales 1 1,839,700 2114 w Pepsico a a a 1,830,000 30�?T4 14 Micron cd s. ,. 1,812,200 3914 14 american Exchange a new York apr sales closing Price and net change of the 10 most Active american Slack Exchange issues wednesday. A a -. A name volum last. Chg. Cd cyst s. 636,100 814 4 Spur a 532,700 44 57/64 5/64 Amdahl 499,100 514 14 Royat Oak. 482,100 Ril in Waco wac Quot 466/700 19/16 1/16 Gluc dares. 435,4004 via Echo Bay. 363.800 1qvi a i excl Ltd. A 375,700 1 5/16-1/16 Salph Ibro. 310.500 4 s>16 1/16 via orb 295,000 3tvi in Chi Dow Jones ,. New York apr Dow Jones closing Range of aver Ages on wednesday. A. Quot High Low close Chang 30 industrials 3730.27 3683,89 3704.28 up 1.62 �20 transport 1596.56 .1573.17 1582.66 ofl0.11 15 utilities 181.52 179,08 179,87 unch 65 stocks 1294,59 1275.b9 1282.96 up 0.27 color shifts Wavy patterns Likely for Dollar overhaul Washington apr government printers Are going High tech to foil counterfeiters and in the process Are giving american paper Money its first new look in 65 years. They want to enlarge the a portraits on the $100, $50, $20, $10, $5 and a notes and move them to the Side. That would allow More detailed engraving of the portraits and make room for a Watermark in the form of a smaller version of the portrait visible Only when a Bill is held to a Light. Nothing has been decided for certain but Treasury officials gave the House banking committee a rundown wednesday of what was Likely. Other changes in elude. A color shifting Ink that May for instance appear Green when viewed straight on and Gold from an computer designed a interactive patterns that turn Wavy when illicitly co pied. A iridescent plan Hettes in Bills paper. These Are coloured discs Only a few Millimetres wide that reflect Light a Micro printing and machine detectable threads or fibres in the paper. The department plans to have a final design ready sometime in 1995 and begin circulating new Bills about a year later starting with the most popular target for counterfeiters $100 notes. Most americans can to remember when . Currency looked different. The last major change came in 1929, when Bills were reduced in size and give a uniform h. Daly director of the Bureau of engraving and printing said the department will try to retain the Bills Jeradi Tiona look As much As possible. The paper will feel the same and the size of the notes wont change. And the same engraving style will be used for portraits Borders numbers and the historic scenes on the Bills Back he said Bentsen stressed that old Money will continue As Legal tender. A the redesigned currency will be introduced Over a period of years and no . Currency will be devalued or re aim at rep. Bill Mccollum r-fla., holds a . $100 Bill from Lebanon. He said local merchants and moneychangers marked the Bill to guarantee its authenticity. Called a he said. And . Treasurer Mary Ellen Withrow promised a world vide educational can pain to encourage Public acceptance of the new design. About $357 billion in . Paper currency is in circulation More than 60 percent of it abroad. In fact in some countries with troubled economies it serves As the principal medium of Exchange. Counterfeiting abroad now far outweighs Domestic counterfeiting. Last year $120 million in phony Bills were seized overseas compared with $44 million domestically said secret service Deputy director Guy p. Caputo. Republican reps. Jim Leach of Iowa and Bill Mccollum of Florida suggested the administration was minimizing the severity of the problem. Mccollum said International organized crime is becoming increasingly sophisticated in smuggling High Quality counterfeit $100 Bills from Iran and Syria. But Bentsen said a this initiative was not undertaken As a result of a crisis or because of any meaningful threat from any particular he also said americans probably will have to get used to More frequent changes in their Money. A no single feature alone is sufficient and no single currency design can be absolutely counterfeit proof Over time a he said. A but with a willingness to re examine and update our designs we can stay ahead of the technology ends suit Over lighted shoes St. Paul Minn. A . Gear inc. Will pay Minnesota $70,000 to help Recycle lighted athletic shoes that state officials claimed Are a toxic waste Hazard because they contain Mercury. The payment announced wednesday settles a lawsuit filed by the state attorney general. The Deal came two months after the sneaker maker set up a nationwide toll free number which Consumers can Call to get postage free mailers to Send the sneakers Back to the company for recycling. A the Mercury in just one pair of athletic shoes is equal to the amount of in 2,200 a significantly contaminated Northern Pike a attorney general Hubert Humphrey 111 said wednesday. A was representatives of the a land of 10,000 lakes a we have to take action when confronted with numbers like the shoes targeted at children Flash Small red lights on the Heel when the wearers walk or shift their weight and have been a key to restoring profits to loss plagued . Gear. Sold under the names a my lib a lights and . Lights a the shoes use one half Gram of Mercury in an electric switch that activates the Light. . Gear spokeswoman Laura Armstrong said no nationwide sales figures Are available but state officials said at least 12,000 were sold in Minnesota last year. A Ion in Mutual fund ads Washington apr new truth in advertising rules for the booming Mutual fund Industry have been approved by government regulators a move consumer activists called a Welcome step toward ending hype and distortion. A \ a Mutual fund advertising and disclosure needs major improvement a said Jennifer Kohn consumer advocate with the new York City Public advocates office. A any step is in the right direction for the Rule changes approved wednesday concern what Mutual funds can say in advertisements about their performance and How they Are ranked by major analytical services such As Morningstar Lipper analytical services or Money Magazine. The rules approved by the securities and Exchange commission require fund companies to make specific disclosures when they include rankings in their advertisements. For instance they can to claim in a headline or prominent statement that a fund was a Best performer in a category unless it actually was ranked first. Funds must fully describe the criteria on which the ranking is based whether sales charges known As a a loads Are figured into the rankings and whether fees were waived or expenses deferred during the period in which the fund was ranked. Mutual funds Are pools of Money that Are invested by professional Money managers with specific goals. The managers buy stocks Bonds or other financial products with investors funds. They have grown rapidly in size and number in recent years As interest rates declined leaving investors looking for alternatives to Money Market and other accounts that ended up paying annual returns of around 2 percent. There Are now More than.4,000 Mutual funds nationwide and one out of every four . Households owns shares in one. R. Clark Hooper a vice president at the National association of securities dealers said the new rules Are aimed at making fund ads a reasonably Well understood by someone without an in depth knowledge of the Mutual fund the Nash an Industry self regulatory group developed the rules for the secs approval
