European Stars and Stripes (Newspaper) - September 11, 1994, Darmstadt, Hesse                                Page 12 the stars and stripes Money matters sunday september 11,1994 Dollar watch shown below Are the highest Dollar Exchange rates for the week of sept. 5-9 compared with Dollar rates for the same period one year and five years ago. German Mark one Dollar would buy you it 1-97 1.54 1-61. 1994 i 1993 i 1989 i Imam a military Exchange rate British Pound one Pound would Cost you 158 1.55 1.54 _19mj 1993 1989_ belgian franc one Dollar would buy you 35 55 41 65 32.45 3555 i 1994 i 1993 i 1989 i dutch Guilder one Dollar would buy you 1 at 224 1.77 185 1994 1993 1989 Lockheed Deal reportedly i i m # a a a a i a i French franc one Dollar would buy you 7.71 5.39 580 i 1994 i 1993 1 1989 i  a hmm Mumm a. Mem mme a greek drachma one Dollar would buy you 240.40 229.16 j 170.50 1 j994j 1993 1989 i a a -3 italian lira one Dollar would buy you 1,582 1,600 1,426 1993 1989 Spanish peseta one Dollar would buy you 130.71 135.15 a 124.04 1994 turkish lira one Dollar would buy you 34,100 1994 11,757 1993 i 2,228 1989 probed for insider by the Washington Post Washington the securities and Exchange commission is investigating possible insider trading in Lockheed corp. Stock options just before the aug. 29 announcement that Lockheed would merge with Martin Marietta corp., said government and Industry sources Friday. Lockheed shares jumped $10.75 when the merger was announced enabling investors who bought options in Advance of the announcement to make almost a 500 percent profit in a single Day. Officials of Lockheed and the Pacific Stock Exchange where Lockheed options Are traded said they have supplied information to Sec investigators who Are looking into an unusual surge in options trading before the merger announcement. As is usual in such cases Sec officials refused to confirm or deny whether an investigation is under Way. Also looking into trading in Lockheed options is the oversight and investigations subcommittee of the House Energy and Commerce committee headed by rep. John Dingell a Mich. Options Are contracts that give investors the right to buy or sell 100 shares of Stock at a fixed Price within a stated period. Instead of buying 100 shares and paying the full Price an investor can buy a 100-share option for a few dollars or less a share. Just before the two giant defense contractors revealed that they were going to merge Lockheed shares were trading for about $63, and options to buy Lockheed Stock at $65 a share were Selling for less than $2 a share. After the announcement Lockheed Stock jumped to $76.75 a share turning a $2-per-share investment in the options into almost $12 overnight. An investor who had purchased the Stock for $63 a share would have earned about the same profit but on a much larger investment. There was unusually heavy trading in the options just before the announcement Pacific Stock Exchange officials confirmed but no sign of increased activity in the Stock itself or in shares of Martin Marietta both of which Trade on the new York Stock Exchange. Lockheed a Stock jumped after the merger announcement because Wall Street investors calculated that Lockheed a stake in the merged venture would be Worth More than the stocks pre merger Price. Martin Marietta Stock did not move after the announcement. Buying and Selling securities based on inside information about an upcoming merger is illegal. Marietta and Lockheed officials went to unusual lengths to keep secret the negotiations that led to the $23 billion merger agreement company officials said. Inflation report puts the brakes on Stock Market s summer new York a the inflation Specter spooked the Stock Market last week but there Are plenty of other reasons that the fall season May be a harrowing one for investors. A potential shooting War with Haiti or a Trade War with Japan along with historic seasonal weakness Are some of the factors analysts cite in making bearish predictions for the next few months. Nonetheless if the Federal Reserve Board finally gets a handle on rising prices without stifling economic growth 1995 will be brighter they Are Quick to add. Fridays labor department report said wholesale prices Rose an unexpected 0.6 percent in August. With most analysts expecting 0.3 percent to 0.4 percent financial markets took a big hit. The Dow Jones Industrial average lost 33.65 Points to close at 3874.81. The drop stalled a late summer rally that had prompted predictions of record High by years end. A now another fed tightening seems a certainty perhaps later this month. That could Send shares even lower As investors fret that higher rates will stall the Economy and raise borrowing rates leading to declining corporate profits. Adding More worries is the likelihood of an invasion of Haiti to oust its military 1 new York Exchange j new York apr sales closing Price and net change of the 10 most Active american Stock Exchange issues trading nationally at More than $1, name volume last chg. Lacomb. 1.162.700 32 a dec Tobay 1,011,800 13 it Interpol gym 596.000 3 3/16 a Spur 468.400 47 a us Alcor 454,800 31/161/16 Amdahl 452.700 91 i Ivan up 448,000 20 unch Texas Loun 437,000 4 9/16 1/16 Pegasus id 284,500 16v4 unch Enz Oblo a a a a a a a 261,600 12h Vidow Jones. New York apr Dow Jones dosing Range of averages on Friday High Tow close Chora 30 industrials 3902.06 3844.20 3874.81 off 33.65 20 transport 1610.95 1582.20 1591.86 Oil 21.62 15 utilities 181.91 170.68 179.87 off 3,30 65 stocks 1329.40 1307.87 1317.25 off 15.19 american Exchange new York apr sales 4 . Price and net change o1 the 15 most Active new York Stock Exchange issues trading nationally Friday. A name volume last chg. Hanson ads 17,155,500 191 a. Re Nab. 3,149,900 7 1 a Barrick 3,119,800 24v4 a telex ads 3,024,700 63v4 h  2,936,200. 24 h 4 Walmart 2,814,300 25 Viii co 2,797,000 16v4 i Gen motors 2,758,300 50h -1 us align 2,598,900 6 h Philllp morals 2,468,100 59v< a h Forsmo Lor s. 2,422,100 29% 1 int game a 2,404,800 231 a a. Ism 2,253,200 67% a a express 2,242,400 30%, to us surgical 2,165,700 27�?T/y a dictators said William Dodge chief investment strategist for Dean Witter discover amp co. In new York. . Trade negotiators have set a sept. 30 deadline for Progress in talks to open up Japan a markets to . Goods. After that the Clinton administration has threatened to impose sanctions on the japanese who May retaliate and incite a Trade War. Fridays decline left the Dow industrials Down 10.77 Points for the week. The a amp a 500 lost 2.81 for the week to 468.18. The nose composite was Down 1.55 for the week to 258.38 while the american Stock Exchange Market value Index lost 1 Point for the week to 454.54. Only the Nash a composite gained up 4.5g Points for the week to 763.73. The Wilshire associates equity Index the Market value of nose Ai Hezicar and oct issues was $4.65 trillion Friday off $50 billion from last week. A year ago the Index was $4.59 trillion. Fra to simpler drug labels a amps Rockville my. A the food and drug administration is planning to do for nonprescription drugs what it did for packaged foods a simplify their labels by making them easier to read and understand. Just As the new nutrition labels Are helping people figure out what a in their food the simpler drug labels would help reduce some of the confusion about choosing medication the Agency said Friday. A people have changed. People Are More interested in their health a said Michael Weintraub director of the office of oct drug evaluation. A if the consumer is ready to take More control of their health to learn More about their ailments and How they can treat them. Its really going to be  Consumers Arentt Likely to notice a difference for several years since the Label ing process is expected to be a protracted one. The Fra will work with its advisory print and less technical language. The $11 billion Over the counter drug manufacturing Industry put up Little resistance to the announcement. A we Are committed to Good Label read ability a said William Soller senior vice president of the nonprescription drug manufacturers association. Drug manufacturers nevertheless had some concerns that they said probably could be worked out. For example there was concern about using pictures because they can be misinterpreted and might expose drug companies to product liability claims. And As drug makers move toward a Box less packages Soller wondered whether there would be room for dosage information safety warnings and other information. Marking the first major change in food Labelling since 1973, the Fra last May re 3uired food makers to begin using a standardized Label titled a nutrition  the bold easy to read Label was designed to be More user Friendly so Consumers could quickly see what was in their food and determine calorie and fat Content. The old food labels were voluntary and food manufacturers were free to describe their products As they wished. Like the food labels the new drug labels which will be required for All drugs that can be bought without a doctors prescription Are being designed Only to be easier to read and will not interfere with dosages