European Stars and Stripes (Newspaper) - October 13, 1994, Darmstadt, Hesse                                F Page 14 the stars and stripes Money matters 3 thursday october 13,1994 today a rates following Are fixed rates at which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use. British Pound 1.62 dutch Guilder .1.68 German Mark. 1.50 Nole the rates above apply Wilhen 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 -. A a 7 a a a a. A austrian Schilling. 10.8495 Bahrain Dinar. 0.37675 belgian trans .31.68 British Pound 1.5814 Canadian Dollar. 1.346 danish Krone 6.045 dutch Guilder. 1.7306 French franc. 5.278 German Mark 1.5425 greek drachma. 235.84 italian lira. 1,567.25 Kuwait Dinar a Tikky Kmit Ikka a to a 0.2974 norwegian Krone  6.7203 portuguese escudo a Imma titty 157.60 saudi rial a a Vikk kit to Kkt la tto Nikki it 3.7515 Spanish peseta .127.90 Swiss franc a a a Kkt Tok kit a Khoii in 1.2877 turkish lira 34,450.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $388.20 an ounce Silver quote $5.51 an ounce sources mor Chanla National Bank amp Trust co. And the associated press new York Exchange new York apr sates the is most Active new York 4 . Price and net change of Stock Exchange issues trading tuesday. A Nam 1. Volum lilt chg. Mcdent. 7 7,916.600 1544 44 Daql Daleq. Sepac Good n a 5,437,200 291v 144 5,212,700 1454 44 for motor s v it 4,480,900 2944 1 Motorola a 4,432,100 54 144 Amma hold a 4,128,800 24vfc 144 Pepsico. A a a 3,900,300 3444 244 Compaq s a a a. 3,825,300 3454 44 Milcio Foch s. 3,482,700 a 3444 a 44 Gonzalo is. 3,315,100 4614 144 Chrysler 3,145,900 4644 44 Merck  7 a a 3,143.700 3644 44 ism. A 2,823,500  71 i i unch Etc cd s. 2,804,700 2144 44 Ati corp. 2,800,400 saw 144 american Exchange new York apr sales closing Price and net change of the 10 most Active american Stock Exchange issues trading nationally tuesday. A a a a a a a. No. A volum. Lit chg. Viacom ii 7 3,567,500 144 -1/16 Viacom a a a a -. 1.617,500 3814 h cd cyst 9875,500 a a 944 i Chubay a a 604 200 1344 44 pc Ltd a. A 485,000 1 3/18 1/16 sp0r. A a 461,400 4644 11/16 Royal nah g. 454.300.  444 44 atari. 389,000 a 744 14  Quot. A a a 380,500 124v �- 44 Amdahl. A. 7 351,300 eve it 44 Dow Jones new York a Ages on tuesday. 30 industrials 20 transport 15 utilities 65 stocks Dow Jones closing Range of aver High Low clot change 3898.36 3818.96 3876.83 up 55.51 1492.29 1463.18 1480.41 up 17.93 182.71 179.15 181.32 up 1.45 1297.40 1271.47 1288.90 up 16,49 russian Ruble stabilizes As Centra i a n k Steps i n Moscow a the Ruble rebounded wednesday after the Central Bank spent millions of its precious reserves to Rescue the ailing russian currency. But president Boris Yeltsin still fired his top finance minister and demanded that lawmakers sack the chairman of the Central Bank. A a a. The Ruble strengthened 4,8 percent closing at 3,736 to the Dollar wednesday on the Moscow Interbank currency Exchange. On tuesday the Ruble lost More than a Quarter of its value in panic Selling closing at 3,926 to the Dollar. Tuesdays plunge had been the worst one Day showing for the russian currency since trading began in 1992. Wednesdays Rise still left the Ruble far below mondays closing of 3,081. The currency turmoil set off political fire alarms in the russian government. Yeltsin used his presidential Powers to fire acting finance minister Sergei Dubinin while prime minister Viktor Cherno my dirt Cut Short a Black sea vacation to Rush Back to Moscow. Parliament voted wednesday to hold a no Confidence vote in the government next week. Yeltsin blamed the turmoil on Quot either sabotage or a demonstration of extreme irresponsibility and sloppiness by a group of people who organized this crashing downfall of the  wednesdays trading marked a significant policy shift for the Central Bank which under chairman Viktor Gerash Chenko had been allowing the Ruble to fall by pursuing a policy of no intervention in the currency Market. A. A a a a  �?�.�,�?� a a a a a that policy unnerved traders who wondered whether the Bank was unwilling or worse unable to Stop the rubles drop. Before stepping Back from the Market last month the Bank spent billions of dollars this year to bolster the Ruble. It was not unclear however How Long the Bank could continue to support the Ruble because its hard currency reserves Are believed to have dwindled to Between $4 billion to $5 billion. The itar Tass news Agency reported that on wednesday alone the Bank spent $90 million to buy Rubesa a a 1 a a a Quot the Central Bank will now step Hack to control the Market but docs not have an a girl holds a sign with Quot help me i want to eat written in russian 6n a downtown Moscow Street tuesday As a passer by drops in a few cookies. Many russians Are re sorting to begging As the Economy deteriorates. Unlimited capacity for controlling the rate a said Igor Doronin a currency Exchange expert. Quot if  swings Back the Way it did wednesday and if it stays there it will be a Good lesson to those who were speculating. They need to be  another analyst said the Bank was trying to Calm the panic that originated among traders and was spreading to Ordinary citizens. V  a 77. 7 Quot the Central Bank will certainly continue this kind of pressure arid bring the Ruble Down to 3,500 by the end of the week a said Gleb Kostin a trader at Tok Obank. Quot then they will keep it steady for a while to make people More  russian newspapers blamed the Central Bank and Gerash Chenko for prompting what most called  a a the unsinkable leaders of the Central Hank have demonstrated in this Case their absolute inability to keep the situation on the currency Market under control a the respected daily Segodnia said. It said the government had in some ways welcomed the decline of the Ruble hoping _ that russian goods would now be More at a Tractive on International markets. The Bank jumped Back into the Market tuesday in the final minutes of trading spending $80 million to Stop the Ruble from going under 4,000. It also announced it was raising its commercial lending rate to 170 percent from 130 percent in Hopes of curbing inflation. The rubles drop tuesday sent Shock Waves throughout Moscow Money exchanges and kiosks closed and shoppers scrambled to buy refrigerators televisions or anything More durable than rubles. A my Mother had these old rubles that she Hadnot changed into dollars yet and i yelled at her a Why do you keep this silly Money a but she still thinks we re living under communism a said Lena a cleaning woman who refused to give her last name. United to drop 7 ., 8 Chicago a United airlines is dropping service to seven.. Cities and eight foreign destinations the Carrier announced tuesday. At the same time the airline is increasing flights on the West coast and out of Denver. By shifting some of the planes to its Low Cost shuttle by United the airline said it will be better Able to compete with Southwest airlines the dominant Carrier on the West coast. Cities losing United service Are Sarasota a Charleston and Columbia . Savannah a Moline and Peoria Iii. And Springfield to. Sarasota a last United flight will be dec. 1, the others feb. 8. All of these cities currently have one flight to three flights in and out daily. Foreign Points losing United service Are Cabo san Lucas and Guadalajara Mexico Glasgow Scotland Cayman islands Panama City and port of Spain Trinidad. The end of service takes effect dec. 1. In addition Athens Greece will lose service Jan. 4, arid Geneva on Jan. 9. Currently United has a single flight daily in and out of each of the foreign cities. The shuttle was created As part of the employee buyout of the airline with the aim of cutting operating costs by 30 percent to keep ticket prices Low. Service began Early this month with 184 flights in eight West coast cities. By Mike Causey Washington Post Washington a Federal and postal workers called to Active military duty soon will be Able to make retroactive payments to their Thrift savings plan accounts and qualify for any Matching government contributions owed to them when they return to their jobs. President Clinton is expected to sign soon the retroactive payment provision a which grew out of operations desert shield and desert storm a As part of veterans readjustment legislation. More than 17,000 government employees served in the 1991 persian Gulf War and thousands have since been called up because of Haiti and tie new buildup in the Gulf. 1 because of the governments lenient military leave policy Federal employees make up a Large percentage a in some cases a majority of members a of army Navy and air Force Reserve and National guard units. Some workers routinely Are called up for extended periods. Most of those called up arc workers who Are under the new Federal employees retirement system who can contribute 10 percent of pay and get a Matching contribution of up to 5 per j cent from the government. But under current Law workers May Only make contributions to the Federal 401 k plans Stock Bond and Treasury funds through payroll deductions. Employees who were on military leave  make their contributions and lost out on Matching government  in the savings plan is vital for fers employees who generally get a smaller civil service pension than their counterparts under the old civil service retirement system. Some financial planners estimate that income from investments and earnings in the Thrift savings plan will Supply one third to one half of total income of workers retiring under fers. Being Able to make up for lost time a and recoup the government contribution a will be a both to thousands of current and future Federal workers called to Active military duty