European Stars and Stripes (Newspaper) - October 21, 1994, Darmstadt, Hesse                                \ today s rates in following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use. British Pound. .1.66 dutch Guilder. 1.64 German Mark. 1.46 note the rates above apply within the Host country figures Are expressed in dollars to the. British Pound other currencies to the Dollar a following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren pics a a.  a a. Austrian Schilling .10.5605 Bahrain Dinar 0.377 belgian franc 29.66 British Pound. 1.6205 Canadian Dollar 1.354 danish Krone 5.875 dutch Guilder. 1.6845 French franc. 5.146 German Mark.,1.5013 greek drachma 230.23 italian lira .a.,. 1,530.00 Kuwait Dinar. 0.29625 norwegian Krone. 6.534 portuguese escudo. 153.66 saudi rial 3,7508 Spanish peseta. 124.87 Swiss franc 1.2465 turkish lira. 34,340.00 note of Sguros Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $390.55 an ounce. A Silver quote $5.39 an ounce sources merchants National Bank amp Trust co. A. A and the associated press j c new York Exchange j new York a sales the 15 most Active new Voyk. Nationally wednesday. A a him. Compaq s of Ilalee a a a ism Motorola s a a a a a Ift Nab a  a a a. A Walmart a am Dent a a Quot  a a Philllp morals.  n a a a Merck a. Cornyn Glinc a coca Coia /. Namle. V a 4 . Price and net change of Stock Exchange issues trading volume 7.702.300 5.063.300 3.022.200 3.015.000 2,945,400 .2,790,100 .2,637,300 2,628.600 2,559,700 2.407.000 2,350,800 2,296,200 2.294.200 2.237.300 2,133,600 late chg. 36v4 1v4 3tvi 2w. 7514 .1 56 1v4 6w unch 45h 1w 2394 Inch 14v4 unch 54h 114 62 v4 39 1tt 3514 unch 34w 50% 4k. .1914 �?614 g american Exchange j. New York apr sales closing Price and net change of the 10 most Active american Slock Exchange issues. Trading nationally wednesday. A a name volume Viacom . A a a. 5,236,100 Marine hat. 1,007,200 Isle com a. 960 600. Us a Foch .955,900 Glacomo a. A. A a a a a 77 vq00 Al com a. A691.600. Sci Ltd. 602,600. Echo Oay a a 434-300 Amdahl. A ,. 413,600 Hasbro a a 404 900 last chg. 1 5/16. -1/16 10 14 1514 14 514 unch 3914 % a 3514 2 a 1 1/16-1/16 13 14 9% h 31% 114. G Dow Jones new York apr Dow Jones closing Range of averages wednesday. -. High Low a foam Conga 30 industrials a 3958.25 3887,93 3936.04 up 18.50 20 transport 1535.61 146b.56 1523.50 up 23.29 15 utilities. 182,84 180,33 181,58 tip 0.26 65 stocks 1320.26 1292.21 1311,70 up 9.93 top defense firm achieves record earnings in Quarter by Andrea Adelson new York times new York the Mcdonnell Douglas corp., the nations largest Mili tary contractor posted record earnings during the third Quarter of 1994, the contractor recorded earnings of $161 million or $4.07 a share compared with $142 million or $3.62 a share in the Quarter a year earlier. The company based in St. Louis attributed its gains to results from its military aircraft segment which had an 8 percent increase in Revenue. Two other weapons makers a Northrop Grumman corp. And general dynamics corp. A also reported higher third Quarter  of Mcdonnell Douglas contribution to higher profits came from its f/a-18 program company spokesman James r. Reed said. Six of the $35 million Jet. Fighters were delivered to the air Force during the period. A a. A a ,. A a the controversial c-17 cargo aircraft program plagued by Cost overruns and delays also turned a profit in the period. Three c-17s, each costing $200 million were delivered in the period. The company a commercial aircraft building segment was barely profitable reflecting the depressed Market for new planes. Northrop Grumman based in Century City Calif said earnings Rose 50 percent to $39 million from $26 million in the Quarter a year earlier. Sales were $1.93 billion compared to $1.22 billion for last years Quarter. The results do not include income from Northrop s two recent acquisitions the Grumman corp. And Vought air be 5rsi a 9 1,7rl?,Anes Are shown at Mcdonnell Douglas facility in Long Beach Calif., in 1992. The program helped boost the company a third Quarter earnings to record Levels this year. 6 Craft. General dynamics based in Falls Church va., said it had a 3.8 percent increase in earnings from continuing operations but net earnings declined 26 percent to $54 million from $73 million from the Quarter a year earlier. Results from the year ago period were buoyed by a one time Stock Sale Revenue fell 8 percent in the period largely As a result of a three week strike in july by the United Auto workers Union at plants in Lima Ohio and Sterling Heights Mic about a contract dispute w. Raymond a. Lewis a general dynamics spokesman said. The work stoppage held up deliveries of about 40 tanks to Kuwait he said. Plane firm Calls California too costly by the los Angeles times los Angeles a a Mcdonnell Douglas corp. Executive hinted wednesday that the company will not build its newest Airliner in Southern California if it decides to build the plane. A the fact of the matter is Long Beach Calif is not a Cost competitive Environ ment a said Herbert j. Lanese Mcdonnell a chief financial officer. He added in a Telephone conference Call with reporters a we have customers that not Only demand High Quality but very Low Cost Long Beach both from a labor relations standpoint As Well As from a business environment standpoint needs to demonstrate its As attractive As other places we can go like Dallas and Salt Lake  indeed other sources familiar with Mcdonnell Douglas search said the company is close to selecting an outside contractor in Dallas to assemble the proposed 100-seat plane called the md-95, and that an announcement could come within two weeks. If so it would Mark the first time that one of the commercial Jet production lines of Mcdonnell Douglas Long Beach based Douglas aircraft co. Devi Sion was based outside California. China has completed Assembly of a limited number of jets under a special program placing the md-95�?Ts production in Texas would deliver another blow to californians Shell shocked aerospace Industry which has been battered by layoffs and Plant closures in the commercial and military markets. The company began soliciting orders in july and is waiting to see whether airlines place enough orders to justify launching production. Lanese told reporters that Douglas would need More than 50 firm orders before it would launch the md-95, a twin engine plane that is expected to sell for $20 million to $25 million. Lanese also said Douglas wont build the plane unless it can enlist suppliers and other partners to share the planets $500 million development costs. New warn by the new York times Orlando Fla. A just As the $200 billion bailout of the savings and loan Industry nears its end Federal regulators Are voicing fears about a new threat to the Industry. The problem is this although savings and loan companies Are mending commercial Banks Are recovering from their recession related troubles even faster. And that Means that the premiums commercial tanks pay to the Federal Deposit insurance corp. Are Likely to be Cut drastically next Spring while the savings and loan Industry will continue to pay higher it cd a arbs for the next seven Yean to rebuild its own depleted fund. F this development could put the Industry at a competitive disadvantage. _ at the savings and loan Industry a annual convention in Orlando Andrew c. Hove jr., the of Dick a vice chairman warned wednesday against giving commercial Banks an advantage through lower insurance rates. Jonathan Fiechter the Clinton administrations top savings and loan regulator also expressed similar concerns in Orlando on tuesday. Hove and Fiechter Laid out three options but they refused to choose among them a merging the Bank and savings funds. A having Congress Shore up the savings Industry fund by using up to $10 billion left unspent in the savings and loan Industry Rescue. A or requiring the Bank fund to share the savings Industry funds Burden of making annual $793 million interest payments through 2019 on Federal government Bonds issued in the late 1980s to reimburse depositors at some failed savings institutions. Not surprisingly banking Industry officials bitterly oppose any plan that puts an additional Burden on them. They contend that savings and loan Industry officials and concerned Federal regulator including Alan Greenspan the chairman of the Federal Reserve a Are exaggerating the dangers facing savings institutions. A Why on Earth should commercial Banks and their depositors pay a fee to support the Stock prices of savings and Loans a said Edward Yingling the chief lobbyist for the Washington based american Bankers association