European Stars and Stripes (Newspaper) - September 01, 1994, Darmstadt, Hesse                                Re 14 the St is and stripes Money matters thursday september 1,1994 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. 1.57 dutch Guilder. 1.72german Mark. 1.54 note to 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 Curren cies. Austrian Schilling. 11.12 Bahrain Dinar 0.37675 belgian franc 32.51 British Pound. 1.5348 Canadian Dollar 1.371 danish Krone 6.2315 dutch Guilder. 1.7695 French franc. 5.4077 German Mark. 1.5783 greek drachma. 237.45 italian lira. 1,585.75 Kuwait Dinar. 0.2979 norwegian Krone. 6.9263 portuguese escudo. 160,85 saudi rial. 3.75 Spanish peseta 131.19 Swiss franc. 1.3325 turkish lira. 32,500.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $386.25 an ounce Silver quote $5.36 an ounce sources merchants National Bank & Trust co. And the associated press new York Exchange new York a sales. 4 . Price and net change of the 15 most Active new York Slock Exchange issues trading. Nationally tuesday. In Felt Kofumi it chg. Re Nab 9,428,100 6h a la Minro a 5.149,300 11 a team exams .4,537.200 63v4 v4us surgical 3,208,800 25tt am Barrack 2.984,900 22h.compaq 2,739.600 38 Ford motor 2.542.500 30hrjrptp 2,522,400 6v4 Mcdonalds s 2,478,500 27 a air touch 2,429,900 28hrjrnab pfc. 2,341.500. 6h role Leo 2,287.900 24 /4 Motorola i 2.117.200 55hdisney 2.091,400 41h a Ptiip Mortti r 2.020,300 58h unch h v4 he unch Hunch 5 1 american Exchange new York a sales closing Price and net change of the 10 most Active american Stock Exchange issues trading nationally tuesday. Nit  chess it Sola comb Royal Oak g  excl  a Borsand volume 1.172,000 968,400 869.800 597.500 522,600 511,600 427.300 398,700 379,100 343.900 lilt chfl.19% unti 12h h 127/ w 33 v445/16 1/18 13 /4 w 8v4 h 13/18/1615w it 6/4 a Dow Jones jew York a Dow Jones closing Range of aver Ages on tuesday. High Lew Clou chingt30 industrials 3934.14 3875.54 3917.30 up 18.45 20tfansport 1639.92 1618.77 1631.64 up4.82 15 utilities 190.81 188.44 189.89 up 1.06 65 stocks 1351.54 1332.71 1345.33 up 5.73 mergers Low inflation help boost stocks new York a the Stock mar act surged ahead tuesday on optimism about a Low inflation Economy a id burst of corporate merger ebullience that carried the Dow Jones average to it highest level in More than six months. The Index of 30 big name Industrial stocks that includes at Tim and general motors gained 18.45 Points the sixth Advance in the past seven trading Days putting the Best known measure of Wall Street at 3917.30. That s 166 Points higher than a wee earlier the highest level since feb. 22 and Only 61 Points from the All time High of 3978.36 reached Jan. 31. Lockheed Marietta workers Ponder Impact of merger Burbank Calif. A the $ 10 billion merge to create the country s largest military contractor Means lots of questions and very few answers for Lockheed and Martin Marietta workers. There s a lot to look at and a lot of things to Dis cuss. Right now the reaction is still gee " said Rob Ert Garcia an Engineer at Sunnyvale based Lockheed missiles & space inc. At the Headquarters of machinists Union local 725,Maria Desermia fielded a flood of Calls tuesday from Lockheed employees past and  Are calling to see if it will affect their pensions she said. Workers at the Plant want to know if there is a Union in Maryland where Martin Marietta is based. She said the answer to the pension question was no and the Union question  beyond that Shedin t know much. Rumours swept through Lockheed corp. Headquarters Days before tuesday s merger announcement it s been a bunding Crescendo for the past few Days said Annette Stiefbold associate director of Market research. Because there was nothing definitely known it was just speculation and the usual what s in it for me How s this going to affect my life "  / \ Lockheed and Martin Marietta corp agreed to merge into Lockheed Martin corp., which would be come the nation s largest defense contractor with170,000 employees. The merger which needs regulatory and shareholder approval reflects the Industry s consolidation inthe face of Post cold War Pentagon cutbacks. It s a Little like a High school dance said Martin Marietta s chairman and chief executive Norman Augustine. You wait against the Wail and nobody wants to be the first of the dance floor but you Don t want to be the last one on the floor  marriage of the no. 2 and no. 3 defense contractors Means the birth of a new Industry Leader with a combined $11.3 billion in Pentagon contracts Las year far ahead of Mcdonnell Douglas which took $7,5 billion of the government s weapons  makes the f-117 stealth fighter and is developing the f-22 advanced tactical fighter. Martin Marietta builds the country s biggest  of both companies said there will be Ini tial Job losses at least in Headquarters staff and other support positions. The Heads of both companies How Ever said that not merging would mean even More Job losses. " " -., they also said the combined company expects to in crease employment in the Long run. These Are darwinian times in our Industry. Fail ure to change is failure to survive Augustine  Are too Many companies in our Industry to Prosper or for our customers to  the timing could t be worse for California just be ginning to show signs of recovery from a five year re cession largely brought on by military  in 1932, Lockheed has been a special source of Pride for the state s aerospace Industry. It legendary top secret Skunk works near los Angeles produced the u arid sr-71 spy planes As Well As the Stealthy f-117. The Skunk works moved in 1992 from Burbank to Palmdale near Edwards fab 40 Miles North of los Angeles is an unlikely candidate for layoffs said Paul Kimson publisher of Aero tech news and review a Magazine focusing on Southern California s defens Industry. Lockheed and Martin Marietta prepare to merge Loc heed corp. And Martin Marietta corp. Announced a Deal that Wilt combi Nethe makers of the f-117 stealth fighter and Titan 4 rocket. The new entity Lockheed Martin would be a $23 billion advanced technology company with Core businesses in defense space Energy commercial civil government and International markets. The new company says it would reduce costs to the . Government and other customers. . Employment Ohio Pennsylvania new York new Hampshire mass 3,100 7,400 8,500 4,700 California 27,600 Colorado 7,300 2,200 new jersey7,700 Maryland 4,300 virginia4,000 North carolina2,000 sout Carolina 1,200 new Mexico Texas Louisiana Tennessee Kentucky Florida Georgia 8,700 19,500 2,400 18.600 2,100 15,500 12,500 the Deal at a glance Lockheed Martin will employ about 170,000 people and have approximately $23billion in annual safes making it the nation s largest defense Cor tractor Lockheed chairman Daniel Tellep will retain his title after the merger. Martin Marietta chairman and chief executive Nornan Augustine will be president then Tacoma chairman and ceo when Tellep retires. Lockheed shareholders would receive 1.63 shares of Stockn the new company for each share they now hold. Profiles and products Lockheed had 1993 sales of $13.2billion and employs 77,500. Its products include the c-130 Hercules military cargo plane and it is developing the air Force s f-22advanced tactical fighter. It purchased general dynamics f-16 business in 1993. C-130 Hercules Martin Marietta had 1993sales of $9.4 billion and employs 93,000. It make the Titan 4, the nation s largest unmanned rocket and made the $1 billion Mars observer spacecraft. F-22 advanced tactical fighter Mars observer spacecraft r source a research. Hoover s handbook Jane s aps a dutch Hope to spread cows wealth m India by the los Angeles times. New Delhi India in India where cows Are sacred one commodity should exist in abundance besides milk that is. A dutch company sea Swan begs to disagree and has devised an ambitious scheme to ship some of that other product generated by dutch cows to India for fertilizer. Oil tankers go to Europe and the come Back empty explained Albert Van Der Struik agriculture Counselor at the Royal Netherlands embassy in new Delhi. Could t that excess capacity reused to carry manure Small densely populated Netherlands has serious soil and water pollution prob lems caused by its Large Dairy and animal husbandry sector. Strict environmental Laws limit the amount of manure that Farmers can produce. To increase their milk or meat output by Breeding More animals dutch Farmers must get rid of the excess dung Van de Struik said hence sea Swan s idea. A feasibility study is considering whether the plan makes business sense. One idea is that biogas be extracted fro the manure in the Netherlands first and perhaps used to generate electricity. Then the dung which could be mixed with water into a slurry to make it easier to transport would be loaded onto tank ers in Rotterdam. In India the reception Given seas Warf a scheme ranges from the commercially curious to the downright hostile. A Small but vocal group of indians views the plan 35 just another Way for a Rich country to dump its trash in the third world. Shekhar Singh of a new Delhi Environ mental group said he could t under stand the logic of sea Swan s scheme be cause India already has More manure than any other country in the world. Be cause of hinduism s ban on cow Slaugh Ter India has the world s largest cattle population including 192 million cows. E it is equally True that a lot of Man rein India is now dried and used for fuel. This is a country with an enormous need for organic matter in the soil Van Der Struik contended