European Stars and Stripes (Newspaper) - August 06, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters saturday August 6,1994 i today s rates following Are fixed rates a 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 German Mark 1.55 note the rates above apply within the Host country. Figures Are expressed in dollars to the British Pound other currencies to the Dollar following Are Interbank rate that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren cies austrian Schilling. 11.1745 Bahrain dinar0.37675 belgian franc 32.69 British Pound 1.5366 Canadian Dollar. 1.3865 danish Krone 6.252 dutch Guilder 1.7843 French franc 5.4385 German Mark. 1.589 greek drachma 240.20 italian lira 1,586.10 Kuwait Dinar 0.29795 norwegian Krone 6.9436 portuguese escudo 161.68 saudi rial 3.75 Spanish peseta 130.71 Swiss franc. 1.341 turkish Ira 31,250.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $378.60 an ounce Silver quote $5.18 a ounce sources merchants National Bank & Trust co. And the associated press i new York Exchange new Vork a sales 4 . Price and net change of the 15 most Active new York Stock Exchange issues trading nationally thursday. Him Ford moist s Chrysler Cyan  ads Gunelic $ Slohn Macrall Smeden Walmart Mcdonalds Merck Compaq Sunc Ardc occident pot care Mark volume Lii dig.6,7t2,200 29v 2 5,398,000 45h -1h4,299,500 90 a -4,071,400 50v4 -2v3,627,000 62 / % 3,169,000 46vt -13,145,400 20v4 % 2,698,100 17v4 i 2,569,000 24h h 2,548,800 26v unch 2,453,400 30 i 2,303,000 32v1 11/16 2.232,500 32 h2,227.700 21 unch �.993,600 21 it 2h american Exchange new York a sales closing Price and net Changet the 10 most Active american Stock Exchange issues trading nationally thursday. Nim Eelan add  obeys Al Viacom it she Radofs Nwa comb Hollon Otlis Ivan up Echo Bay volume lilt chg,1,125,100 31v -2 1,080,300 2vi.t h. 714,000 24tt 1vv 636,800. 8tt h 532,000 49/16 unch 455,300 7 unch _441.600 33 47/64-41/64 399.500.33/16-3/16 352,800 17v4 unch 324,100 11 Dow Jones new York a Ages thursday Dow Jones closing Range of aver ,. High Low close change30 industrials --3807.23 3752.52 3765.79 off 26.87 20 transport 1621.76 1595.31 1604.28 Oft 8.0515 utilities 19338 190.81 191.34 off 0.68 65 stocks1325.22 1305,53 1310.90 off 7.80 new York Myrtle hotel planned for Las vegas Las vegas a two companies announced plans thursday for a $300. Million 1,500-room hotel Casino called new York new York. _ you re going to feel like you re inner York without the noise and the traffic said Gary Primm president and chief executive of Primadonna  partner is Mem grand inc. Plans Call for a 28-Story hotel towering copies of the statue of Liberty Empire state building and Chrysler building and a roller coaster winding through the property. The project is set for comple Tion in 1996. V. . Unemployment rises As creation of jobs slows by Dave Skidmore the associated press Washington the nation s unemployment rate edged up to 6.1 percent in july and Job., growth while still healthy was a bit More subdued than in recent months the government said Friday. July s rate reported by the labor department compares with 6 percent in june and May. Economists were expect ing the slight uptick and do not believe it signals a significant deterioration in the Economy. The report has t changed their belie that the Federal Reserve is preparing to nudge interest rates higher either this month or next in an attempt to slow eco nomic growth and snuff out any potential increase in inflation. The unemployment rate is derived from a Survey of households. But a Sepa rate Survey of employers payrolls painted a somewhat brighter picture. X. The Economy created 259,000 new jobs in july about 60,000 More than analyst forecast after producing 356,000 jobs in june. Since the Start of the year the econ omy has added 2 million jobs bringing the total to 113.6 million. The bulk of Job growth in july occurred in. Services where payrolls grew by 138,000, and re tailing up by 75,000. Gains were Strong at temporary help firms in health car and at restaurants. Katharine g. Abraham commissioner of the Bureau of labor statistics noted a statistical aberration that artificially boosted Job growth in june and slightly depressed it in july. The Survey period was a week longer in june so some new jobs that normally would t have Bee counted until july were counted a month earlier. The department said the number of unemployed people in july 8 million was up from 7.8 million in june. The mos significant change in unemployment rates among demographic groups was for adult men which jumped from 5.3 percent in june to 5.6. Percent last month. Friday s report unsettled the Bond markets which viewed it As confirmation that higher interest rates Are in the of fing. A closely watched wage gauge in the report hourly earnings of nonfarm no supervisory workers jumped 0.4percent to $11.12 in july. However the average manufacturing workweek fell by 0.1 hour for the third consecutive month to 41.9 hours. Aver age overtime was unchanged at 4.6 hours. Most economists Are looking for eco nomic growth to slow during the second half of this year after a torrid Pace at the end of 1993 and robust advances during the first half of this year. They re not expecting the unemployment rate to break much below 6 percent any time in the near future. The question in t whether the econ omy is going to decelerate the questions Are when and How much said economist Paul w. Boltz of t. Rowe Price associates in Baltimore. Taking Stock of the situation the Entrance thursday to ,-.-. Mavrodi head of Mem rus Sia s largest investment company. Mavrodi is accused of failing to pay about$25 million in taxes and  the Al Mei Mesa Ernon. Announced a Lew is ago at to cow not prote in. Ass vestments made in Mem and other investment funds Mem s in Roma. Mm�5,m. -.11 � am Money Back. Mavrodi was be Syracuse . A Genera electric co. Denied a whistle Blower s assertion that it doled out bribes to influential egyptian officers in Exchange for lucrative radar contracts. We do not believe there was any bribery or any violation of the Law spokes Man George Jamison said thursday Frome Headquarters in Fairfield Conn. The Syracuse Herald journal reported wednesday that be s technical director in Egypt Zohair Hak made the accusations to Federal investigators. It said its report was based on a confidential com Pany report. The newspaper said be acknowledge that two egyptian officers had received jobs and admitted that it had dished out Perks. But the company denies making payoffs and says that what it did .  since 1979, when Egypt became a .ally and eligible for billions in military Aid be has sold that country 14 radar systems. The Cost including service was about $180 million and . Taxpayer picked up the Bill. If the bribery allegations Are upheld be could be fined millions and sus Pended or prevented from receiving Mili tary contracts said department of jus Tice spokesman John Russell. Liability could extend to Martin Marietta which bought be s aerospace division in april in the fall of 1991, Hak says an egyptian lieutenant colonel told him that he received $2,000 As part of a bribe he got to put a passing Grade on tests of Geradah systems built in Central new York. Hak said the officer also said he had see another officer accepting a payoff. Six months later Hak wrote of his suspicions in a letter to John f. Welch jr., be s chairman and chief executive offi cer. His complaints Hak said had fallen on deaf ears m Egypt. T. That letter started a probe by the departments of Justice and defense and congressional investigators that goes Backoo the company s first radar Sale to Egypt in 1979, the newspaper reported. Be began an internal investigation i april 1992 that led to the suspension of four employees. Its report was voluntarily disclosed to the Justice department Jamison said