European Stars and Stripes (Newspaper) - November 12, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters saturday november 12,1994 pc today a rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound 1.65 dutch Guilder a a a a a a a a a a a a a a a a a a a 1.67 German Mark a a a a a a a a a a a a a a a a a a a a 1.49 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 rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies a a v a /. A v. A a a austrian Schilling a a a a a a a a a a a a a a a 10.749 Bahrain Dinar 0.377 belgian franc .31.44 British Pound a a aaa Aaan a a a a a a a a a a a a 1.6023 Canadian Dollar. 1.358 danish krone5.9665 dutch Guilder. 1.7138 French franc. 5.251 German Mark greek drachma italian lira 1.5285 235.31 1,566.60 Kuwait Dinar. 0.29825 norwegian Krone 6.6915 portuguese escudo 155.73 saudi rial 3.7505 Spanish peseta 127.05 Swiss franc. 1.2794 turkish lira 36,505.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $385.25 an ounce Silver quote $5.17 an ounce sources merchants National Bank amp Trust co. And the associated press new York Exchange new York a sates the 15 most Active new York nationally thursday. Nims telex ads scars Roeb Sec Pacco s Merck a ism pm cups Caesars old promo Scot Amei pm int game Noram engy. Gen motors Philllp morals Chevron a for motor a a Iii. Quot 4 . Price and net change of Stoyk Exchange issues trading volume 10.677.300 5.058.400 4.350.200 4.277.200 2.664.600 2.588.400 2.554.600 2.442.700 2.195.300 2.193.700 2,160,400 2.131.000 2.077.000 2,063,900 2.060.200 list cd. 51h -41 511 2% 16 Runph 37v h 72 -2 221 a 39v �?2 29v w 311 a 18�?T/� h 514 unch 3814 a 611 a a 41v. V. 281 a a l american Exchange new York apr sales closing Price and net change of the 10 most Active american Stock Exchange issues trading nationally thursday. Name volume last chg. Viacom vat 2.757,500 11 unch Lacomb 1,120,300 38v a Keane s. 776.600 201 1v excl Ltd. 627,500 i a unti Amdahl 494.100 10v4 v. Charmed 410.000 23 unch Viacom it 402,700 3 13/16-1/16 Cable Elm n 379,000 514 14 Viacom wig a 362.600 2 15/16�?1/16 Choisit s. ,. 346,200 11 a a Dow Jones new York apr now Jones closing Range of averages on thursday. High Low Clou Chung 30 industrials 3873.47 3806.18 3821.99 off 9.76 20 transport 1501.84 1476.45 1483.44 off 3.73 15 utilities 179.61 176.58 177.50 up 0.07 65 stocks 1292.40 1270.22 1275.90 off 2.75 world Trade pact to test cooperative spirit in . Washington apr legislation to ratify a new world Trade Accord has become the first test of whether president Clinton and republicans in Congress can make Good on their pledges of cooperation. Tuesdays stunning gop Victory in congressional voting has complicated the prospects of the old democratic red Congress approving the agreement in a lame Duck session scheduled for the week after thanksgiving. Supporters of the 123-nation pact negotiated under the general agreement on tariffs and Trade concede that the oops capture of both Chambers of Congress has stirred thoughts among some lawmakers of postponing the vote until after republicans reorganize the House and Senate in january. And Gatt opponents decry the fact that the lame Duck votes scheduled for nov. 29 in the House and . 1 in the Senate will involve More than 80 Blouse members and 11 senators who Are retiring either because they want to or because they were Defeated. A this is like the stockholders throw out half the Board of a major company and before they pack up their desks they vote about the future of the company a said Lori Wallach of Public citizen a group founded by consumer activist Ralph Nader. But in the end the Accord negotiated under two Republican presidents and a democratic one will be ratified supporters say. A a there a going to be a Little a Ang sting a but when the dust settles  pass the Gatt a said Willard Workman vice president of the . Chamber of Commerce. Supporters of the Accord say it will Cre ate jobs and stimulate growth by slashing tariffs and other Trade barriers and protecting . Patents and copyrights. Opponents including unions and environmentalists contend that the world Trade organization that would be created to police the Accord could Force the United states to weaken its health and safety standards. The staunchest democratic opponent of Gatt democratic sen. Ernest holdings of South Carolina challenged republicans to prove their commitment to a balanced budget by voting against Gatt. But the administration is making the Gatt vote the first test of whether Republican leaders will make Good on their Promise to work with Clinton. On thursday Clinton likened it to the bipartisan vote on the Marshall plan to rebuild Europe after world War ii. Ltd. Ass n Limiti Iii i i stars car Michael Schudroff leans against his 1956 Rolls Royce Silver along with 49 other Vintage postwar Rolls roves and Bent. Cloud i at his new York City Dealership thursday. The car Leys will be auctioned by rotheby thin which was owned by Bette Davis Diana Rigg and David Niven fore the Dealership moves to Connecticut. To san Francisco dailies one Union reach pact san Francisco a the City a two major daily newspapers have reached a tentative agreement with one of the eight unions involved in a 10-Day strike mayor Frank Jordan said late thursday. The tentative agreement was with the 46-Memher machinists Union. A this does no to mean to say we Are going to Settle the strike but its a Strong step in the right direction a Jordan said. Neither Side would discuss details of the proposal. Jordan said talks would continue Friday with the other seven unions for the san Francisco examiner and the san Francisco chronicle. Chicago apr. Sears Roebuck and co. Has ended an Era of rapid expansion by returning to what it does Best Selling things. Sears announced thursday that it intends to give its 80 percent stake in Allstate corp. To Sears shareholders signalling the end of the 108-year-old retailers attempt to turn itself into a financial supermarket. Sears financial companies which also have included Dean Witter Reynolds and coldwell banker did Well. But the company a flagship retailing business floundered through much of the 1980s. A the corporation has kind of reverted to what we were originally and that a a very very Strong retail competitor a chairman Edward a. Brennan said. Brennan 60, also announced plans to retire following the $8.7 billion spinoff expected to be completed in mid-1995. Wall Street welcomed the news bidding up the retailers Stock by $2.75 a share to close at $51.62v�. Stock for Allstate based in Northbrook 111., fell 75 cents a share to $24.12vi. The spinoff announcement comes just six months after the company a Board and shareholders rejected an investors Call for Sears to rid itself of Allstate founded by Sears in 1931. Sears sold 20 percent of Allstate to the Public in 1993, and has also divested itself of All its real estate and financial services divisions. Sears officials said the distribution of the 360 million Allstate shares would be one of the largest spinoffs in . Business history. Sears has assets of $90.8 Bil lion. Sears plans to offer the Allstate Shai to Sears stockholders in the form of special tax free dividend. Sears comm shareholders would receive 0.95 share Allstate Stock for each Sears share. T total value of the Stock they will Rece will be $8.7 billion. \ in addition to shareholder approx which is expected Sears officials said t spinoff also is contingent on approval its tax free nature Market conditions a regulatory approval. After the Allstate spinoff Sears v have about 800 . Retail stores Ere card operations about 1,200 Specia stores including Western Auto sup go., and various free standing stores tur mature paint hardware and Applier