European Stars and Stripes (Newspaper) - August 04, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters thursday. August 4.1994 i today s rates following Are fixed rates at which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use British Pound 1.58 dutch Guilder 1.74 Gorman Mark. 1.55 note the rates above apply within the hos 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 pics a austrian Schilling. 11.15bahrain Dinar 0.377 belgian franc 432.60 British Pound 1.5365 Canadian Dollar 1.3885 danish Krone 6.2314 dutch Guilder 1.7805 French franc 5.4175 German Mark 1.5875 greek drachma 240.60 italian lira 1,585.50 Kuwait Dinar 0.298 norwegian Krone. 6.9224 portuguese escudo 161.65 saudi rial 3.7501spanish peseta 130.67 Swiss franc 1.3395 turkish lira .31,305.00 note figures Are expressed in dollars to the British Pound other currencies to Tho Dollar Gold quote $378,60 an ounce Silver quote $5.21 an ounce sources merchants National Bank & Trust  the associated press new York Exchange new Vork a sales 4 . Price and net change of the 15 most Active new York Stock Exchange issues trading nationally tuesday. Name _ att Rich 97 n " telex ads cart Wall Compaq s  Moto Roul Yff Sockos Tenelu Beth steel Una ride ism fur Nab Chrysler volumi6,450.800 4,117,3003,096,500 2,989,5002,933,400 2,809,3002,279,800 2,192,9002,162,900 2,092,7002,068,800 2,061,2002,047,900 2,043,6001.956,600 list chfl.ch25v4 in 62h 11v432 /4 63hs3 h 30 h52h- i 26h Sou h 23tt i %3 w 1 62h vi6vi unch american Exchange new York a sales closing Price and net Chang of the 10 most Active american Stock Exchange issues trading nationally tuesday. Name Gaylord ont Echola excl Ltd spor a Axup spi pharm Lacomb Elan and Viacom it Kirby up volume Lail chg.1,526,900 6 unch 1.145,900 11 h734.700 1 5/16 unch 505,500 46 3/16 1/16504,700 17v4 % 404,400 19v4 -v/4376,700 34h i 320,700 33 /4 h49/161/16317,700 305,800 Dow Jones new York a Dow Jones closing Range of aver Ages on tuesday. A left Lav Clou China 30 industrials 3829.25 3776.48 3796.22 off 1.9520 transport. 1613.94 1584.73 1603.82 up 14,49 15 utilities 193.05 189.49 190,75 up 0.8665 stocks 1326.99 1306.02 1315.95 up 4.26 Wal Mart nudges out Sears As last year s no. 1 retailer new York a Wal Mart other financial institutions but falling Japan was first among the 50 largest utile stores inc. Eclipsed Sears Roebuck and profits for utilities and diversified serv ties with assets of $125.9 billion. Co. As the world s top shop last year for tune Magazine says in its annual look at the 500 largest service companies around the Globe. The expansion minded retail Chain also  of the few non japanese companies to take first place among the eight types of service businesses surveyed. The world s largest transport commercial banking life insurance diversified service and Utility companies were All japanese. Japan also led All other countries As the no. 1 Home base for the world s big Gest service companies with i40 of the 500. The United states was second with 136, Fortune said in its aug. 22 Issue re leased tuesday. Ices. Among the categories Wal Mart emerged As the top ranked among 50 retailers with sales of $67.3 Bil Mitsui & co., Ltd., a japanese Trad ing company ranked first among Diversi fied service companies with sales of $163.4 billion. Lion. Sears. No. 1 in 1992, was bumped to . Companies held the top five spots second place with $54.8 billion in sales in Fortune s ranking of the 500 service and Kmart corp. Was third withf$34.i Bik companies biggest employers. The larg lion. Est was Wal Mart with 520,000 employ the Fuji Bank Ltd of Japan ranked yes. Following Wal Mart were Sears first among the world s biggest 100 com Kmart at to and United parcel service Mercial Banks with assets of $538.2 Bil of America inc. Lion by contrast Citicorp the largest most profitable among the 500 was . Commercial Bank ranked 30th with assets of $216.6 billion. Abbey National of Britain was the top savings institution among the largest 50 with assets of $123.8 billion. Mexico s recently privatized Telephone company Tel Fonos de Mexico which earned $2.89 billion in 1993, compared with $12 million in 1992. A controlling interest in the company Mexico s recently privatized Telephone Tion of the United states took top place company ranked As the most profitable among the 50 biggest diversified financial among the 500, Fortune said. Germany s companies with assets of $216.9 billion. Deutsche Bun Desbah a Railroad company was the largest Money loser for the third year in a Row. Overall the Magazine found that 1993 was an uneven year for service Compa Nies with healthy growth for most retail is a tid soaring profits for Banks and Federal National mortgage Assoc a was purchased by a consortium including n life of Japan ranked first among 50 life insurance companies with assets of $339.1 billion. _ East Japan railway of Japan took first place among 50 transport companies. Gest Money loser with a loss of $3.8 bal with sales of $21.7  a year after Topping the profits list Tokyo electric Power co. Inc. Of with 1992 earnings of the same figure. St.  southwestern Bell France Cable & radio and Mexico s Gruppo Carso for,$1.76 billion in 1991. The biggest Overall Money loser was Deutsche Bun Desbah which lost $5.7 billion last year. American Telephone and Telegraph co. Was the second big Coffee growers lament killer Frost by Stan Lehman the associated press Sao Sebastiao do Paraiso Brazil the Frost was cruel to Coffee grower Eleonar Campolongo. It killed his Plantation his livelihood and his Hope. It was like being stabbed in the Back. I lost everything the 51-year-old Farmer said tears Welling in his eyes As he gazed Over the ruins of his once verdant Fields. He reached Down with a Large calloused hand and crumbled a withered Leaf that in Normal years would have been a deep Lustrous Green. I expected to Harvest at least 2,000 bags next year he said. Now my estimate for next year is . Each bag holds 132 pounds of Beans. Campolongo is one of Many Coffee grow ers who saw future harvests devastated by two killer frosts that swept through South Ern Brazil in june and july the Southern hemisphere s Winter. Temperatures in some areas plunged to 27 degrees killing the buds that would have turned into bean s next year. A government estimate in late july said the frosts probably destroyed 40 percent of the 1995-96 crop. That Means Brazil Proba Bly will Harvest just 15.6 million bags of cof fee next year compared with 20.2 million to 25 million bags this year. Years Tor Trost damaged or new Trees to begin bearing fruit Ceannn to Ortii. F a u Oll Usu that Tell your readers that for the next three three Vears a o Tiv if o4& a tin to in a i to we off. Albanian airlines grounded by losses Tirana Albania a. Albania s Only airline has halted flights after Finan supermarket shelves in the United states it a a i ,.,. ,_  Venn try c main in to Lent years they Are going to have less Coffee to drink Campolongo  More expensive too. Brazil is the world s largest Coffee producer and exporter. Less Coffee Here Means higher prices on _ new York time the world of Coffee shown Here in its decaffeinated form has been devastated by a freeze that struck the crop in Brazil this year. States to the South also saw their crops picking Coffee during the May september damaged. _ Harvest season will be put of a Job. Most for Campolongo the frosts wiped out of these workers Don t know How to do any 100,000 seedlings he recently planted and thing else said Rogerio Araujo an Agron 160,000 3-Yearnpld Trees that were to Start Mist who Heads the Sao Sebastiao do Par producing next year. Also cooperative. They Don t know How to at the current Price of $180 a bag that s pick oranges or Cut sugar Cane. And they $360,000 loss. And that does t count the Don t have the training needed to be hired he invested Over the past by local industries or shops Carlindo duaffe37, has picked Coffee for As Long As he can remember. His Outlook is grim  year there won t be any work for me and i Don t know what i m going to do he said. I Don t know How i m going  w u Ciao losses and disputes Between its aus Trian and albanian owners Media reported tuesday albanian airlines a joint venture by tyrolean airways of Austria and the albanian this country s main Market. But that s no Consolation in Southern Minas Gera is state the heart of brazils Coffee country 930 Miles North of Sao Paulo. In Pocos de Caldas grower David Ottoni lost about two thirds of the 9,000 to 10,000 bags he expected to Harvest next Yean ill bet Happy if i end up with 3,000 bags he said. And i be been Lucky. Some of my neighbors were completely wiped to feed my    ".  ". A. -., state run Ai transport began flying be. Huge dark Brown splotches of dead cof tween Tirana and Vienna in May 1992. ? fee Trees mar the Green rolling Hills and but it lost Money from the Start and ten valleys of this Region which normally pro Sions Between the partners apparently were. Ducks about one fourth of Brazil s coffe aggravated by albanian taxes and disputes crop. Over ticket prices and staffing. Minas Gera is lost 5.4 million of the 12.2 albanian airlines halted flights monday jillion bags it expected to Harvest. Sao albanian and austrian Media reported. Paulo and Parang two important Coffee even Coffee traders Don t anticipate scalded by his losses Ottoni planned to higher profits because of the Frost. With the collapse of the Price stabilizing International Coffee organization in 1989, the Market was flooded with Coffee and prices plummeted to Levels that did t even cover production costs. Growers planted less and yields fell causing a worldwide shortage that pushed prices from $55 a bag in 1992 to Iso today. But some traders believe prices have peaked partly because lower consumption has Hurt exports. Convert about a third of his 740 acres to cattle pasture or eucalyptus for pulp and cellulose. Other growers Are doing the same. Al though no one plans to give on Coffee entirely most said they would reduce cof fee plantations Artu diversify. For Many the struggle will be simply to survive. "  Tens of thousands of itinerant farm workers who earn most of their income