European Stars and Stripes (Newspaper) - August 30, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters tuesday August 30,1994today�?Ts rates Quot in. Following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound. 1.59 dutch Guilder. 1.72 German Mark .1.54 note Tho Rales above apply wll Hin the Host country. Figures Are expressed in  the British Pound other currencies to the Dollar. Following Are Interbank rates that fluctuate and should be regarded As the approximate value of t h e u. A do 11 a r to. For eign cd r r in cies b /. A v austrian Schilling. 11.0640 Bahrain Dinar. 0.3770 belgian franc British Pound .1.5330 Canadian dollar1.3710 danish Krone. 6.2234 dutch Guilder 1.7665 French franc 5.3892 German Mark 1.5740 greek drachma 239.20 italian lira. 1,591.25 Kuwait Dinar 0.29760 norwegian Krone 6.9021 portuguese escudo. 160.17 saudi rial 3.7502 Spanish peseta 130.64 Swiss franc 1.3292 turkish lira 33,060.00 _ note. Figures Are expressed in dollars to Tho British Pound other currencies to Tho Dollar Gold and Silver markets in London were closed monday a a a a a a  sources merchants National Bank amp Trust co a and the associated press slow but steady growth seen on nation s Job front by Jim Salter the associated press new York a Job growth in the United states should remain steady during the fourth Quarter despite what some analysts see As signs of a slowing Economy a Survey says. Milwaukee based manpower inc. Said its quarterly Telephone Survey of 15,000 businesses released monday shows 26 percent plan to hire additional workers. Ten percent plan Job cuts 61 percent expect no change and 3 percent Are Uncertain. Re a a fourth Quarter hiring projections Are lower than the previous two quarters but better than the fourth Quarter of last year when 22 percent planned to add workers arid 11 percent projected cuts. Employers in the Midwest and South Are More optimistic than those in the Northeast and West the Survey said. A the nations Job machine is now producing at a continuing and steady Pace but it is still tempered by a concern for total Tabor costs in a very competitive pricing environment a said manpower chief executive Mitchell Fromstein. A this concern appears to be keeping Job growth below the explosive rate historically associated with a protracted recovery up i he nation s Job machine is now producing at a continuing and steady Pace a Mitchell Fromstein manpower chief executive Merrill Lynch amp co senior economist Bruce Steinberg said the Survey results a re a a a cons is tent wit h we a t we a re see ing in the Economy it continues to grow but not As rapidly As it was in the first half of the  one Factor slowing the Economy is rising interest rates Steinberg  is uncertainty Over the effect of proposed health care reforms on businesses said Raymond Worseck chief economist with . Edwards amp sons inc. In St. Louis. A a there a a great reluctance to hire people on a full time basis if firms can possibly avoid it a Worseck said. The Survey by manpower a temporary help firm looks at 10 sectors of the Economy. The Best Job growth is projected in. The wholesale and retail trades where 36 percent of companies polled say they will hire additional employees and Only 8 per cent foresee cuts. Manpower said that sectors Outlook is the most optimistic in 16 years. Executives in durable goods manufacturing a products such As computers appliances and automobiles a Are also up seat. Manpower said 3q percent of those firms intend to add workers while Only 9 percent project cuts. Most pessimistic is the mining sector where Only 11 percent of companies expect additional hiring while 14 percent plan cutbacks. Geographically Confidence is highest in the Midwest for the third straight Quarter manpower said in fact the regions Overall Job Outlook is the Best since 1978, with 28 percent of firms expecting to hire additional workers and 10 percent planning cuts. A i think what we tend to do in the Midwest is stay on an even keel a Wor seek said a in the �?T80s, real estate and defense buoyed economies on the coasts. In the�?T90s, its sort of give Back  the Outlook in the Northeast lags behind the National average with 21 percent of firms expecting to add staff and 11 percent projecting  unions strike Pittsburgh a about 5,400 workers went on strike at Westinghouse electric corp. Factories and offices Early monday after talks broke Down Over health insurance issues most of the striking workers were in Western Pennsylvania and suburban bal Tim orc. Union local presidents voted to strike shortly after a Midnight deadline for reaching a new contract said Heather Albright a spokeswoman for the International Union of electrical workers. The two sides talked an extra Day sunday after a three year contract expired at Midnight saturday. Picket lines were to go up at Westinghouse properties Albright said. A the major Issue has been the health benefits Quot she said. A the wage issues Are mostly settled a presidents of Union locals have said the company has proposed significant increases in what employees pay for health care Jim Schmitt a Westinghouse spokesman said he had not heard of the strike from company negotiators and could not comment. I �8. It a a a a x set \ t Gay s. 1 i i a is a it s a r x of or a. S Ltd with Home port advantage passengers wait at a Lufthansa counter at the rearranged Sec Airport. Gates 1 through 5 at the terminal Are now exclusively Tion of terminal a in the Frankfurt Germany International used for Lufthansa Domestic rights officials  betting on Kinder gentler Greenspan by the new York times new York Alan Greenspan is not going to be mean to investors anymore. Or so much of Wall Street now believes and if that belief persists and if Confidence grows that the Economy and Cor Xuy ale profit will nut Suiter greatly at the Cut rent level  interest rates the sunk rally that Cut prised Wall Street last week could have a Cotison Lafable  to t1 i shuck the Neu nun the 1  re so rec Wilt make will be to reduce interest Rales not to raise them. Sard Byron a in. The Tuset  equity Sis lie Gist Toi Morgan Stanley dts Ming one reason he expects the next big move in Stock prices to be up. The belief that the fed headed by Greenspan would not need to raise rates again after the surprisingly Jarge most  16, has been reinforced by a series of economic figures during the last two weeks that hunted to less robust growth. I he new mood helped push the Dow Jones Industrial average up More than  Point or 4 percent to Josl of last week ail  Stock averages ate now at then highest Hunts Sec March the happiness with the l de is m Sharp Constas to the  that has generally i evaded alter the previous round of credit tightening beginning i i a Briary. Which sent Bond prices Down sharply. But this time the Bond Market has reacted reasonably Well. Bond prices Are generally a bit higher than before the latest led move and Short term interest rates which Are set by the Market have fallen. We realty have the Best of d w or ids see Tarn i Here Tor the Leonor us and the Tih k Market  one enthusiastic economist  t at tiers i tit c j Law Rente he said the Evod Evv indicates the Emmoms is go wig m a w a that a ii i Vrea a o l Posan profits a Priour miss not up inflation rate in rhe  Market Damp that followed Ift  1 de tightening it was professional Money managers who showed the most concern Quot individual investors have kept the Faith Quot noted ahoy Joseph Cohen the co chairman of the investment policy committee at Goldman Sachs amp co. Although Stock Mutual funds have seen the Rales of inflow slow from Heady Day earlier this War investors Are still putting Money in them even while Money has slowly drained out of Bond Mutual funds. Corporate insiders a to have been buying their of n to m larger volumes than Normal. What has been new m recent Daw is that Protess mais now seem to be show my More  to invest to so aka