European Stars and Stripes (Newspaper) - September 8, 1994, Darmstadt, Hesse Page 14 the stars and stripes Money matters thursday september e. 1994 today a rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound. 1.58 dutch Guilder 1.68 German Mark .1.50 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 rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies austrian Schilling. 10.8735 Bahrain Dinar. 0.377 belgian franc 31.86 British Pound. 1.5485 Canadian Dollar. 1.3675 danish Krone. 6.1,163 dutch Guilder. 1.7325 French franc 5.2975 German Mark 1.5448 greek drachma. 235.35 italian lira. 1,573.25 Kuwait Dinar 0.2974 norwegian Krone. 6.7956 portuguese escudo 158.05 saudi rial 3.7503 Spanish peseta. 128.95 Swiss franc 2935 turkish lira. 34,010.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Good quote $368.40 an ounce. Stiver note $546 an ounce. Sources merchants National Bank amp Trust co. And the associated press new York Exchange new York apr sales 4 . Price and ret change of. The 15 most Active new York Stock Exchange issues trading nationally tuesday. Nime volume list chg. A express. ,3.844,700 30 114. Ref lab 2.855,000 6 lil co a 2,821,000 1514 am Barrack .2,520,500 23 Glaxo add a a 2,413,000 1914compaq s a 2,379,800 3514 14 Gen motors a 2,179,600 52 1 to Cimex ads a1,957,000 6314 Phllip Morris a 1.745,700 60 Ford motor s. 1,734,600 30 a suns Lncoln a a a 1,681.100 2v4 is Kodak. 1 a 1,452,200 5114 114 Chrysler Quot .1,451,600 .48 Ohio Edison. 1,439,000 18 unch Merck a1,412,100 33 unch a t a a american Exchange new York apr sales closing Price end net change of the to most Active american Stock Exchange issues trading nationally tuesday /. Nime volume last cd. Echo Bay 1,065,800 13 a Royal Oak. 661,000 4 7/16 1/16 Amdahl. 633,300 9vs Vic Glan food 562,100 21 excl Ltd a 459,100 t 3/16 unch Pegasus id 422,200 1714 it Reg labels 339,500 13- atari 324,000 5it chess its 310,700. 11 Janell. A a a. Quot 256,000 7 it Dow Jones new York a age Ion tuesday 30 industrials 20 transport 15 utilities 65 stocks Dow Jones closing Range of aver High 3918.55 1633.48 18554 1341,97 Low 3060.01 1615.32 1 624,98 182.05 183.69 1322,93 Clou Chengos 13.12 3b9b.7q up Oft 2.98 off 0.86 1334.25 up 0.81 the Tail of a mock up of the future Large aircraft dominates the grounds tuesday at the Farnborough International 94 air show Southwest of London. The Fla being developed by Airbus industries is designed As a military transport. Aircraft makers still waiting for Industry to Rev up again by Dirk Beveridge the associated press Farnborough England a the worlds aircraft makers keep wondering when business might take off again. Although the battered airline Industry is showing feeble signs of life aviation executives gathered this week at the Farnborough International �?T94 air show say it will be a few years at least before they can expect the upturn to help them. A we expect to see air plane orders and deliveries recover during the second half of the 1990s,�?� said Ron Woodard president of the Boeing commercial air plane group. A the end of the current downturn a As far As the manufacturers Are con corned a will be signalled by customer requests to accelerate deliveries. That Hasni to happened at least things Arentt As bad As they Ivere last year Airbus industries chief Jean Pierson said under the rumble of combat jets performing Maneu vers. A at the end of August we had 76 new orders and we had Only 52 cancellations a Pierson said. Airbus apparently was putting off any announcements of new air plane orders although Pierson boasted that his group has cornered 55 percent of the Market for business already an Boeing plans longer version of 737 Jet Farnborough England apr the Boeing co. Announced plans for a longer version of its 737 jets and said it has obtained commitments from four customers who want 40 jets at a total Price of nearly $2 billion. Boeing also announced four firm orders for Boeing 767-300er jetliners a valued at $384 million a that will be leased to Kim Royal dutch airlines by International lease finance corp. The new version of the 737 will be. Boeing s 737-800, which will be 9 feet 2 inches longer than the 737-400 and Able to carry from 164 to 189 passengers the first deliveries Are expected in 1998, Boeing said. Bounced this year. Boeing was Quick to denounce the claim. A i remember seven or eight months last year when we had 100 percent of the Market and we did no to go around talking about it a Woodard said. A Airbus is talking about a very Short time in the worlds worst year for others in the Industry seemed less worried about publicly quarrelling than in figuring out when their dismal business might get better. The widespread consolidation of defense industries Hasni to helped. Ever since iraqis invasion of Kuwait in 1990 pushed fuel prices higher and the world slipped into recession some airlines have gone broke while the rest has bled billions and been forced to Cut air plane orders. Industry executives predict the global airline Industry can turn a Small profit Overall this year but it will take More than that to have airlines clamouring for More planes. For now plenty Are parked in the Western . Deserts. A what we need to know is when is the civil business going to Start a said sir Ralph Robins chairman of English engine maker Rolls Royce. He does no to see things picking up until 1996 at the earliest. A a it a no Good having All these engines if nobody s flying a Robins slashes fall air fares up to 52% by the associated press Continental airlines announced tuesday it is cutting fall fares by up to 52 percent on Domestic and some International flights. The airline said tickets for the Sale can be bought through sept. 16. The fares Are Good for travel Between sept. 21 and dec. 14. A this Sale is intended to be a follow up Opportunity for everyone who might have missed a Chance during the summer to lock in a Low fare for fall travel a said Don Valentine senior vice president of marketing and sales at Continental. The Sale is much like one Continental ended aug. 26, that reduction was followed by several other major airlines. The nations major airlines historically have matched such fare sales in competitive markets. Continentals Sale requires that round trip tickets be purchased within 24 hours of making a reservation. The tickets Are nonrefundable and a Friday or saturday night stay is required. Continental is excluding from the Sale fares for nov. 23, 27 and 28. Thanksgiving is nov. 24. Separately. Southwest airlines has announced it is offering $25 one Way fares on its nonstop flights on monday nights but the restrictions mean the fares Are available on Only a fraction of the carriers flights. The fares apply on flights that leave after 7 . Local time. From Phoenix to los Angeles for example the $25 fare is about half Price. But the 7 . Restriction that of the 47 flights the airline flies from Phoe Means Nix to the los Angeles area mondays Only eight flights Are available at the Sale Price. The nonstop restriction eliminates Many other potential destinations via Southwest which concentrates on Short haul routes. Flights from new York to los Angeles for example Arentt part of the promotion because passengers cannot Fly that route on Southwest without making connections. _ Southwest said that the promotion was part of its sponsorship of monday night football and that flight attendants will Wear jerseys on mondays during football season
