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Publication: European Stars and Stripes Thursday, October 20, 1994

You are currently viewing page 14 of: European Stars and Stripes Thursday, October 20, 1994

     European Stars and Stripes (Newspaper) - October 20, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters thursday october 20,1994 today s rates following arc fixed rates at which Community banking and credit Union facilities will sell for sign currencies to . Personnel for personal use British Pound. 1.66 dutch Guilder. 1.63 German Mark .1.46 Noto 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 Curren a pics a a a a a a a a a a a a a a a a a a a a. Austrian Schilling. 10.564 Bahrain Dinar .0.377 belgian franc .29.86 British Pound. 1.6185 Canadian Dollar .1.3545 danish Krone. 5.8795 dutch Guilder. 1.6825 French franc .5.1485 German Mark. 1.5015 greek drachma. 230.34 italian lira. .1,533.45 Kuwait Donac. 0.2965 norwegian Kirin. I. 6.535 portuguese escudo. 153.75 saudi rial. 3.7508 Spanish peseta. 124.88 Swiss franc. 1.2455 turkish lira. 34,340.00 nolo figures Are express of in dollars to Tho British Pound Othor currencies to Tho Dollar. Gold quote $389.00 an ounce Silver quote $5.34 an ounce sources merchants National Bank amp Trust co. And Tho associated press r new York Exchange Newyork a Salos Tho 15 most Active now York nationally tuesday. Name Mindosa Tollete n a. Merck a. V a a. \ Mcdent. A. Sprint Philllp morals a Citicorp ism. A a Che Wasto Micro techs Mascoop Beverly. A Compaq s forum floor s a a Telec s Abbot tabs. 4 . Price and net change of Stock Exchange issues trading volume 9.101.800 3,215,500 3,207,100 2,872,200 2.849.000 2.659.600 2.455.900 2,167,100 1.974.800 1.973.000 1.969.000 1.891.900 1,846,300 1.809.600 1.776.900 list chg. 37u Urich 3541 i 1441 a a 37vi % 61v1 w 44v1 114 74u it i 9 i unch 33vi unch 24v1 h 1444 35v1 h 28v1 i o49y. -41 31vi h american Exchange new York a sales closing Price and net change of Tho 10 most Active american Slock Exchange issues trading nationally tuesday. Nim volum list chg. Viacom in 9.543.800 1 a i into com 2,230,900 14% m a Tacoma. 1,246,000 40h i Worth Ltd 930,100 1044 excl Ltd 606,900 1v1 -1/16 am arcs 546,800 5 unch us Alcor a 414,600 511 i Ivan up 393,500 1841 i sport club n 353,400 Evvi Grohn done. 351,600 2 7/16 -1/16 Dow Jones new York a Ages on tuesday 30 industrials 20 transport. 15 utilities 65 stocks Dow Jones closing Range of aver Low clot High 3945.46 3892 64 3917.54 1507.43 1483.91 182.77 180.60 1310.27 1500.21 181.32 1292.09 1301.77 Chang off 6.39 up 4.43 Oft 0.66 off 0.62 essentially government still needs their services by Stephen Barr Washington Post Washington tired of hearing the snickers of a nation every time it snowed and Only a essential employees were ordered to work official Washington has done what it does Best a solved a problem by changing a name. Henceforth a essential employees Are to be known As a emergency employees a now when the weather turns Nasty the Call will no longer go out that Only essential employees will be required to report to work on time to take care of Public health safety National defense and other crucial functions. Instead Security guards and maintenance Crews will report for duty As emergency employees and the policy planners and political types will a one Hopes a stay off the roads. James King director of the office of personnel management said this week that the new terminology was adopted in the name of clarity. A the connotation just Wasny to Correct Wasny to accurate King said. A a in a like to focus on what a  a but he readily acknowledged that he would not mind at All if the new less bureaucratic phrase yanks the punch lines of the nations Jokester. A every cheap shot artist in the country takes advantage of us collectively for quite frankly general Public safety issues. To protect Peoples lives we become the butt of everyone a  in Kings lexicon All Federal workers Are essential employees providing services from the National Parks to pension claims on a daily basis. The term has been in use for at least a generation. But a when we say there san emergency we would like the nonemergency people to stay out of the Way of the emergency peo pie a King said. Last Winters ice and Snow storms in the Washington Region shut Down the government twice once when the local electric Utility declared one of the worst Power shortages in decades. During last february a ice and Snow shutdown More than Orie third of the usual crowd Rode the subway during morning Rush hour metro reported indicating that significant numbers of Federal and congressional employees apparently came to work anyway. Americans in cold weather states have never quite accepted the notion that big snows sometimes close their country a capital. Federal shutdowns amount to a a free hit for talk show hosts and comedians who like to make fun of bureaucrats King said. A it plays to a very popular theme that Isnit fair. There a a Large class of people who work very very hard and getting laughed at after a Tough week is not very much of an  is chocolate Good for what ales you Vanessa Saull serves up a pint of a new fuggles chocolate mild in a London pub. Introduced wednesday. Map British Beer the Beer was London apr Beer drinkers and chocolate lovers might cringe but a big British Brewer thinks a marriage will please the palate and go Down smoothly. Odd As fuggles chocolate mild May sound the Whitbread Beer co. Of London on wednesday introduced the Brand in 2,000 British pubs. Whitbread is convinced that drinkers will be enticed by a a Beer you  think  a a it a not like a chocolate Milkshake a said Lorraine Thomson marketing manager for Whitbread sales. Still not everybody thinks the Brownish brew which contains a hint of chocolate is a Good idea to unleash on Britain a millions of Beer drinkers Many of them fiercely Loyal to their bitters stouts and lagers. A a that a horrible a said Paula Daley who manages a London pub that admittedly will not be Selling the chocolate Beer. A it sounds  even specially invited guests at a Whitbread launch party tuesday night harboured doubts. A a it a not something i would go out and buy a said Nicola Porter a director of the chocolate society which promotes Fine chocolates and had a Booth set up at the event in the Whitbread brewery. While admitting her palate might be jaded to the taste of chocolate she pushes every. Day Porter  find any in her Glass of fuggles. A a it a got very Subtle flavors but its not something i would go out and buy. A Nicola Porter a director of the chocolate society chocolate does no to come to mind a she said. Whitbread nonetheless said it believes a people who like Good Beer challenging to the palate a will savor the Beer which contains 4.6 percent alcohol by volume and an a absolutely minimal amount of chocolate flavor. The company has not announced plans to sell the Beer in the United states. A putting chocolate in a Beer is not Gimmicky a Thomson said although she is Quick to Point out she knows of no other Brewer who has done so. A the belgians have been putting fruit in Beer for years. In Scotland they use Heather. We re just adding another natural  Whitbread executives said they spent minimal amounts of Money ranging in the thousands of dollars to develop the Beer. So they Are in a no lose situation even if Beer guzzlers and chocolate fans decide they d rather not mix things up. Brokers of Over los Angeles apr the Justice department is investigating allegations that brokers in the Nash a Stock Market fixed prices and conducted other illegal practices the los Angeles times reported wednesday. Justice department spokeswoman Gina Talamona confirmed that an investigation was under Way. A the antitrust division is looking at the possibility of anti competitive practices in the Over the counter Stock Market a Talamona said. Officials at the National association of securities dealers which owns and operates Nash a denied that Price fixing had occurred. A neither the Nash nor the Nash a Stock Market has been contacted by the Justice department re Garding any investigation Quot Nash general counsel t. Grant Callery said in a statement. A we will cooperate fully with any such investigation when and if we Are  Nash a is the nations second largest Stock Market. In the first six months of the year it surpassed the new York Stock Exchange in average daily trading volume for the first time. About a dozen lawsuits filed in july allege that some of Wall streets largest firms a Merrill Lynch amp co., Lehman Brothers Alex Brown amp sons inc. A conspired to thwart Competition in the pricing of stocks on Nash a. The main charge is that Nash a brokers have an unspoken agreement to charge excessively wide a a spreads in Nash a stocks to fatten their profit at the expense of individual investors. The spread is the difference Between the buying and Selling Price of a Stock and is essentially the profit that Nash a broker receive for executing Trade. The charges were supported by a study done by to finance professors who tracked pricing of the 10 most actively traded Nash a stocks in 1991, Indue ing Apple computer and Lotus development. The stocks had a spread of 25 cents while comp Rable Stock Fon the new York Stock Exchange had much narrower Gap. The professors concluded the the Only possible explanation for the spreads we tacit collusion among brokers  
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