European Stars and Stripes (Newspaper) - November 19, 1994, Darmstadt, Hesse Page 14 the stars and stripes Money matters saturday november 19,1994 of a today s rates following Are fixed rates a which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use British Pound. 1.61 dutch Guilder. 1.70 Gorman Mark. 1.52 note the rates above apply within the Host country. Figures Ere expressed i dollars to the British Pound other currencies to the Dollar following Are Interbank rate that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren cies. Austrian Schilling. 10.941 Bahrain Dinar. 0.37675 belgian franc.32.07 British Pound. 1.5698 Canadian Dollar. 1.366 danish Krone. 6.0805 dutch Guilder. 1.746 French franc. 5.3385 German Mark. 1.5545 greek drachma. 239.96italian lira. 1,592.75 Kuwait Dinar. 0.2989 norwegian Krone. 6.8132 portuguese escudo. 158.70 saudi rial. 3.7507 Spanish peseta. 129.53 Swiss franc. 1.3143 Turkla lira. 35,900.00 note figures we expressed in dollars to the British Pound other currencies to the Dollar Gold quote $385.25 in ounce Silver quote $5.23 in ounce sources merchants National Bank & Trust co. End the associated press Dow Jones new York up Dow Jones closing rings of averages on thursday to Lew Toie clitnpe30 industrials 3868 08 3797 77 3828 05 off 1715 20 transport 148973 146654 147529 Oft 8 38 15 utilities 17776 17480 17572 off 092 65 stocks 128640 126465 127316 off 6 31 Barney tries for comeback by new Day Barney is refusing to Roll Over and play dead. The purple and Green Dinosaur Char Acter which has been both beloved and bashed is starring in a new television commercial its first Ever designed to revive plunging sales of Barney products and enhance the creature s image among parents. The product got overexposed in the marketplace which truncated the life Cycle of Barney sales said Jill Krutick an entertainment Industry analyst at the brokerage firm Smith Barney. Krutick said a Barney backlash also played a role in that overexposure. The 30-second commercial is aimed a adults including those who fear that Chil Dren have become too addicted to bar Ney. The Lyons group which has granted 42 licenses for Barney products an Hasbro the biggest Licensee Are spend ing about $1 million to air the and Over the next six weeks. In the same vein a pcs one hour Spe Cial called Barney celebrates children hosted by to journalist Maria Shriver,.will begin airing next month with the message that Barney has a positive Impact on Young lives. It will feature inter views with childhood development an education experts and scenes of Barney visiting hospitals. Hasbro sales of Barney items including a talking Barney and Barney water pals topped $130 million last year but should drop to $30 million this year Kru tick estimated. She added that future sales should stabilize at 1994 , Barney products took in about $500 million last year analysts estimated. Housing construction dips in response to by the Washington Post Washington rising Home mortgage interest rates have finally clipped the housing Market the com Merce department reported thursday. The Market has not collapsed said Tommy Thompson president of the National association of Home it has peaked out and is starting a trend of continued downward move " -. The department reported that starts of new Homes fell 5.2 percent to an annual rate of 1.419 million units last month. Many analysts have been surprised that housing construction had not slowed More than it has this year Given the Large increase in mortgage rates that has accompanied the Federal Reserve s boost sin Short term rates the boosts were made to slow economic growth and keep a lid on inflation. A gradual decline in housing construction is built into Many economic fore casts including the Clinton administration v housing starts peaked in the final three months of 1993, when they ran atan annual rate of 1.476 million. Starts dipped with the bad weather of the firs three months of this year and Rose again in the second and third quarters when they almost regained their quarterly Peak of late last year. Interest rates have risen substantially Over that period. For instance the Feder Al Home loan mortgage corp., known a Freddie Mac said thursday that rates on 30-year fixed rate mortgages averaged9.19 percent this week unchanged from last week but up More than 2 percentage Points from 7.08 percent a year ago. Introductory rates on adjustable rat mortgages Are up As Well the rate for mortgages linked to one year Treasury Bill yields was 6.12 percent this week up from 6.01 percent last week and from 4.20 percent a year ago according to Freddie Mac s National Survey. Frank Nothaft Freddie Mac s Deputy chief economist said the fed s decision to raise Short term rates by three fourths of a percentage Point this week had pushed up rates on the adjustable Mort gages. While we anticipate 30-year fixed to remain close to current Levels for the rest of the year arms May move up he said. the Commerce department report said starts of single family Homes declined 7.4 percent to an annual rate of1.137 million units. Multifamily starts Rose 4.8 percent in september to an an Nual rate of 282,000. Meanwhile the Tabor department said the number of persons filing initial claims for state unemployment insurance last week fell 5,000, to 327,000. Sleeping with the ally mattresses bearing the american Flag Are on Sale thursday at a Market in port a Prince Haiti. According to the Vendor the mattresses which Are priced at $60 each Are a big seller in the country whose democracy was restored by . Forces last month. Turns into a horror for Sony Tokyo a Sony corp s Stock the losses Cap a spectacular series of Mark Man aha handouts by japanese Man Esha Tal Leno a Sef Auto a mss took a huge write off on its movie making vastly overpaid for tron he nmn �?.? May Aei Auu on a num subsidiary that represented the latest big erties in the late 1980s p p Peg payments because the property in t my ilae Mer Spany a hl8h" Vul that time Japan s Bubble rogue . Investment. Penn nov inf tap Tii .,,.i "u"1w the electronics giant said thursdays a f/aju5.�.f.ja?anes.� �.�,. a a. stocks Ana real estate. Individuals an that it was reducing the Book value of its movie making subsidiary now known Assony pictures entertainment by $2.7 Bil lion. Analysts called the move a conces Sion that the company paid too much in individual companes found it easy to borrow against paper profits to invest in the United states and in their eagerness paid Little attention to Price or Minoru Izutani was forced to bringing in enough rent Money documents disclosed this week. Mitsubishi paid $1.4 billion for 80 per cent of the Center but it is now believed to Worth hundreds of millions less than that. Sony s share Price plunged in heavy Friday morning Tokyo trading droppings 3� in con
