European Stars and Stripes (Newspaper) - October 05, 1994, Darmstadt, Hesse                                Wednesday october. 1994 Money matters stars and stripes Page 15 today s rates following Are fixed fates at which Community banking an credit Union facilities will sell for eign currencies to . Personnel for personal use British Pound. Ii. 1.62 dutch Guilder. 1.69 German Mark. 1.51 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 a Lump the . Dollar to foreign Currer austrian Schilling. 10.9115 Bahrain Dinar i. 0,37675 belgian franc .31.877 British Pound. 1.5815 Canadian Dollar. 1.3438 danish Krone. 6.0686 dutch Guilder. ,1.736 French franc. 5.291 German Mark. 1.5505 greek drachma. 235.89 italian lira. 1,561.00 Kuwait Dinar. 0.2973 norwegian Krone. 6.7575 portuguese escudo. 157.89 saudi rial. 3.751 Spanish peseta. 128.34 Swiss franc. 1.2885 turkish lira. 34.175.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $394. 1 0 an ounce Silver quote $5.63 an ounce sources merchants National Bank & Trust co. And the associated press new York Exchange new York a the 15 most Active monday. Nit Page and  Merck gun elect Micro techs Chrysler  $ Gen motors Gap k Mart Mcdonalds $ am Barrack sales closing Price and new York Stock Exchange volume 7,263,600 5,778,000 4,404,400 4,377,100 3.641,600 3.097,000 i 3,094,200 2,831,200 2,800,300 2,548.300 2,225.600 2,160,700 2,145,300 1,963,400 1,960,600 net change of issues trading lilt chg. 21h 26v4 .-,314 67v4 h 13h v4 36v4 to 47h i 32h2v4 44h1/4 18 i 27 v4 it 46v4 h 34h 1v4 17v4 h 26v4 i american Exchange new York a sales closing Price and net change of the 10 most Active american Stock Exchange issues trading monday. Volume last chg. 10,907,100 Ivi-1/18 2,347.000 39w i 773,600 2 1/16 714,300 40vs a 681,900 9tt h 567.200 13 i. 443,700 Nimi Viacom vat Viacom Reyhn done Viacom chess to s Echo Bay excl Ltd. Glan food Elan add Viacom to 442,400 23v4 412,600 38tt363,000 3i/16 Dow Jones new York a Dow Jones closing Range of aver age monday High Low Clou change 30 industrials 3872.79 3809.21 3846.89 up 3.70 20 transport 1499.98 1477.15 1486.00 off 5.59 15 utilities 182.31 179.21 180.60 off .85 65socks 1294.331273.47 1284.15 of 1.63 High wages for some companies by Louis Uchitelle new York times pressure is building on corporate America to bid up wages to attract machinists computer specialists and other skilled workers increasingly in Short sup ply. But companies Are resisting the pres sure with numerous tactics from turning away business to hiring the unskilled at Low wages and then training them. How Long this Effort can keep hourly wages from rising faster than inflation no one knows especially if the Economy continues to grow at a brisk Pace. Already wages Are breaking through Ina few cities most spectacularly in Phoe Nix. But in most regions executives say companies Are holding the line an assertion that is backed up by some labor department data and Federal Reserve surveys. There is a certain amount of stubborn Ness a determination not to pay More said Tucker Hart Adams chief economist of Colorado National Bank who surveyed 60 companies in Denver where labor shortages have appeared but not wage increases. I Tell them at some wage people will answer their help wanted ads and they say. They can t go up More than 25 cents an horror their profits will  rather than bid for people already skilled companies Are increasingly train ing the unskilled at lower wages inter views with executives suggest there is a certain amount of stubbornness a determination not Topay More.1 _ Tucker Hart Adams Colorado National Bank this May mean that a company s workforce is less productive for a while but the Clinton administration hails the prac Tice As a Way to reopen Good jobs to the unskilled. In another tactic immigrants Are being recruited for jobs that were not open to them a year ago. In addition Many companies that once recruited Only locally now cast their nets across the nation. Some push existing employees to work More hours. Some also agree among themselves not to hire away on another s skilled people. And when fat raises Are Given to keep valued workers the extra Cost is increasingly offset by denying raises to others according to a Survey of big corporation by towers Perrin a consulting firm. Jasco tools int. Of Rochester n.y.,embraces several of the tactics. Jasco is not planning any increase in the $10 to $15-an-hour base pay that most of its 250 sharing liquid assets investors and officers of new age beverages a joint venture Between Pepsi cola inter National and Egoli beverages up of South Africa share a laugh monday during a new York news conference announcing the bottling Enterprise in South Africa. From left Are financier Calvin Grigsby actor Danny Glover entrepreneur Ian Wilson William r. Harvey president of Hampton University Earl g. Graves publisher of Blacken Temprise Magazine the Rev. W. Franklyn Richardson and Shehla Mtembu chair Man and chief executive officer of new age beverages. Machinists receive. Jasco in fact needs 20 More machinists to keep up with or Ders for the Auto and aircraft parts Cut Ting tools and other Metal products that the company makes said Gary Rogers company president if you bid for machinists then your base wage for everyone has to go up Rogers said. And even though our products Are in demand now the Market is very competitive and you cannot cover the rising wage Cost with higher  so Rogers is turning away business but he has hired a full time instructor to recruit and train High school graduate Sand people Laid off at nearby Eastman Kodak and Xerox plants to be Jasco Snew machinists. Fifteen trainees Are now on Board earning $5 to $7 an hour. It takes three weeks to a year to train them depending on their level of experience and the machining tasks that we will require of them Rogers said. Once trained their wages Rise As they acquire skills. But it will take four years for the most qualified to reach $10 an hour. Before Kodak and Xerox had trouble these giants scooped up people paying them More and setting the tone forages Rogers said. That has stopped of  Chase Manhattan Bank in new York i similarly reluctant to bid up wages to hire technicians and programmers who Are sex Perty the networks of desktop computers. Such people Are in Short Supply. Mogul Hopes Vodka s  London a traditionally bar tenders getting an order for a Virgin Mary would serve up the Wcll-known7 spicy Tomato juice cocktail minus the Vodka. They soon could be confused. British airlines and record store entrepreneur Richard Branson is lending the name of his Virgin group to a Vodka made by Dis tillers of Glen Riddich the top Selling sin Gle malt whiskey. It s the first of a number of consumer items that Virgin wants to put its name on company officials say including min eral water. Such a branching out takes advantage of Virgin s High profile in the aftermath of Branson s Success As an entrepreneur. Virgin and the distiller William Grant & sons Hope that Virgin Vodka can take a sizable gulp out of the 850 million Pound $1.37 billion British Vodka mar Ket after it is introduced in november. The Vodka could be available As soon As next year in the United states where swedish made absolute is the top import if the partners proceed with plans to sell the liquor worldwide. ". _ " _ v .-.,. Mcdonald s Cooks up new idea with Home style flair Darien 111. A no Golden Arches. No big macs. Only a few thou Sand served. The closest thing to a hamburger in this Mcdonald s corp. Restaurant is meatloaf. It s Hearth express an ambitious Mcdonald s Experiment in the Home style restaurant business that is taking aim at upstart chains such As Boston Chicken and old country Buffet. The restaurant opened last month and has been packing in patrons for lunch and dinner menus that include Ham meatloaf roasted Chicken salads and a Choice of 14 Side dishes. This is not a Mcdonald s restaurant manager Jeffrey Stratton said. This is a Hearth express restaurant and it s got different style and different Type of  but although it s Clear that the food indifferent and the restaurant sports a whole new look the efficiency is a sign of the Mcdonald s heritage. De Rensi president of Mcdonald s Domestic division stood behind the counter one Day last week glad handing patrons replacing moist towelettes and appraising the Radical new approach for a company synonymous with burgers and Fries. The 3,650-Square-foot restaurant resembles a colonial style Home with quilts bookshelves and assorted Knick Knacks throughout the dining area. The concept is the product of several consumer focus groups and designers. Customers appeared to have High re Gard for the food. I was looking for the hamburgers joked Doris Margalus of the Chicago sub Urb of Downers Grove. It s a lot different than Mcdonald s in terms of the food and atmosphere but it s  Lillian Ihnchak also of Downers Grove was impressed with the size of the portions and the service from the staff of 70. _ everyone is Nice and helpful Ihn Chak said. They make sure that every thing is  for Feals Range from $3.99 to$36.99 for a package that serves 10 peo ple. Desserts and beverages Are extra