Discover Family, Famous People & Events, Throughout History!

Throughout History

Advanced Search

Publication: European Stars and Stripes Sunday, October 16, 1994

You are currently viewing page 12 of: European Stars and Stripes Sunday, October 16, 1994

   European Stars and Stripes (Newspaper) - October 16, 1994, Darmstadt, Hesse                                Page 12 the stars and stripes Money matters sunday october 16,1994 shown below Are the highest Dollar Exchange rates for the week of oct. 3-7 compared with Dollar rates for the same period one year and five years ago. One Dollar would buy you 1.89 1.51 1.60 1994 1993 i 1989 military Exchange rate one Pound would Cost you 1.63 1994 1.57 1993 1.60 1989 one Dollar would buy you 40.38 31.78 35 45 19891993 one Dollar would buy you 2.16 1.69 1.79 1994 1993 1989 one Dollar would buy you 5.71 6.48 1989 one Dollar would buy you ,236.66 229.80 one Dollar would buy you 1,574 1,610 1994 i 1993 one Dollar would buy you 128.80 "132.25 1993 1969 one Dollar would buy you 34,940 1994 12,297 1993 i 2,281 1989 major toy makers halting sales of realistic weapons by the los Angeles times a string of shooting tragedies triggered by toy guns mistaken for the real thing has prompted two of the United states biggest toy store chains to declare that they will no longer sell realistic looking toy firearms. Toys a us the world s biggest toy retailer said Friday that it will quit or Dering such toy guns. A second Chain Kay Bee toy stores said it would begin to remove those toys from its shelves and destroy them immediately. While the two big retailers Are not the first to do so the decision by no. 1 toys a us Marks a watershed in the debate Over toy guns analysts and others said. As retailers head into the Christmas season this action is the kiss of death for those who rely primarily on  guns for sales said Jill Krutick an analyst at Smith Barney. If retailers won t carry the product the manufacturers have no place to  already such giant toy retailers As target and Kmart have quit Selling such items. And other retailers were reassessing their policies in what amounts to a Victory for police and anti crime groups that contend the look alike firearms per what s happening i that corporations Are starting to realize that they do have a measure of accountability concerning issues of violence Khalid Shah anti violence activist Etuate a gun culture that endangers the nation s youth. What s happening is that corporations Are starting to realize that they do have a measure of accountability concerning is sues of violence said Khalid Shah pres ident of the Stop the violence increase the peace foundation of los Angeles. Toys a us and Kay Bee along with Wal Mart Kmart and target account for More than 50 percent of All . Toy sales. Kmart said it stopped sell ing those toys 10 months ago and target said it has t sold such products for years. Wal Mart officials could not be reached. Friday s announcements were Trig gered by a new York City Case last month in which Nicholas Heyward jr., a 13-year-old boy was fatally shot in the stairwell of a housing project by an offi cer who mistook the youngster s toy gun for the real thing. Hours later a second teen Ager was wounded in similar Circum stances. _ but they were Only the latest of count less incidents across the country in which toy gun some manufactured to appear frighteningly realistic others painted or otherwise altered to fool robbery victims have led to shootings. A 1992 Federal regulation requiring such toys to carry markings such As a brightly coloured tip on the barrel has been foiled by customers who paint Over them or modify them to create a More realistic appearance according to toys a us which declared that More dras tic measures Are now called  toys a us said it plans to sell those toys now on its shelves but will not Pur Chase such items in the future. Kay Bee and toys a us said they will continue to offer certain kinds of water pistols and other toy guns More clearly identifiable As toys. Such products Are often produced in bold colors such As red and yellow. Stocks Rise As economic reports ease fear of inflation for now by Patricia Lamiell a business writer new York the inflation bogy Man has been banished from the door but he May be lurking in the Woods just outside. Stock investors Drew that conclusion from a flood of hotly anticipated economic reports released by the govern ment last week. The data confirmed that while the Economy is growing at a healthy Pace inflation was not a big problem in septem Ber. They led economists to conclude that the financial markets have bought some time at least until after the nov. 8 congressional elections before the Federal Reserve would take the Politi Cally risky measure of raising Short term interest rates to Cool the Economy. Higher interest rates Are unwelcome in the Stock Market because they increase corporate costs Cut into profits and make fixed income investments like Bonds More attractive relative to equities. ,. Investors bid up the Dow Jones Indus trial average in anticipation of the re ports. The Blue Chip barometer extended those gains Friday closing at 3910.47, up 20.52 for the Day and 113.04 for the week. Specifically a two Day round of economic reports from the government showed the following prices at the manufacturing level As measured by the producer Price Index unexpectedly fell 0.5 percent in septem Ber led by declines in prices of Energy american Exchange new York not the 1q most Active fading nationally Friday. Nim Viacom vat a Cut Lacomb  s Twa voting Echo Bay Viacom Etc Golonia Ldla to source sales closing pries and net change american Stock Exchange issues. Volume 4.090,800 1,221,000 1,163,300 -889,800775.900 767,700. 657.100 387,500 360,700 305,500 Tail chg. 3/16 a 1w-1/16 39h to 5v4 5/16 35tt -3 1.v4 a 13 a 3 a in ctr 8 418 unch Dow Jones new York a Dow Jones closing Range of aver Ages on Friday. High Low close change30industrials3927.97 3862.03 3910.47 up20.52 20transpqrt. 1501.61 1478.55 1496.48 up8.85 15 utilities 183.43 180.40 182.64 up 0,53 65 stocks 1306.08.1.264.78-1300.71 up 6.69 new York Exchange new York a sales 4 . Price and net change of the 15 most Active new York Stock Exchange issues trading nationally Friday. Chg.  Micro tech s and Glaxo add Merck caste Halum n of motor s ism telex Chile n Mckesson Compaq s Texas list. Cont corp rest Mage Motorola s Volun 3,659,700 3,253,600 2,526,900 2.448,000 2,432,700 2,355iooo 2,298,900 2,033,700 1,8.41,600 1,820,800 1,798,700 1,796,800. 1,685,800 1,681.600 1,679,000 lilt 17h 34vs 224 to 19h4-7/16 36 a % 15v unch 29h w 73 4 %20h unch 96v4-5% 1.4v4 21w 53 i and food. Prices charged to Consumers Rose a moderate 0.2 percent in september. For the year so far inflation at the consumer level is rising at an annual rate of just 2.8 percent Little changed from last year s 2.7 percent Rise. September also saw a decline in closely watched Index that measures How close to full capacity the Economy is operating. Industry was shown to be operating at 84.6 percent of capacity Down 0.2 percent from a revised level in August. In another indication of moderate economic growth Industrial output was unchanged in  Wall Street the new York Stock Exchange s composite Index Rose friday0.56 to 257.99, boosting it 6.66 for the week the Standard & poor s 500-Stock Index gained 1.33 to 469.10 Friday and 14.00 for the  Nash a composite Index fell 0.81 to 767.08 Friday trimming the week s gains to 17.12. The american Stock Exchange s Market value Index slipped 0.07 to 458.50 but gained 3.38 for the week. Wendy s recovers most untested beefs a by the associated press the nation s no. 3 hamburger Chain reported Friday that 8,000-pounds of beef were shipped to 900 Wendy s fast food outlets in six Midwest states without proper testing for bacteria. Wendy s International co. Said Friday that its meat distributors had recovered 90 percent of the untested beef from the restaurants. The remainder had either been eaten or was unaccounted for. The company said there was no danger to Consumers since any potentially harm Ful bacteria is normally killed during cooking. There were no immediate re ports of illness from eating the beef. Wendy s said the beef was shipped to restaurants in Michigan Minnesota Northwest Ohio Kansas City to. Chi Cago and Wisconsin. We Are taking these precautionary Steps because we Are fully committed to serving our customers Only the highest Quality wholesome products the com Pany said in a statement from its head quarters in Dublin Ohio. Wendy a the country s biggest Burger Chain after Mcdonald s and Burger King has about 4,000 . Outlets  
Browse Articles by Decade:
  • Decade