European Stars and Stripes (Newspaper) - November 24, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters thursday november 24,1994 i 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. 1.69 . 1.51 note the rates above apply within the Host country. Figures Ere expressed i Dollar 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. 10.893 Bahrain Dinar. 0.37675 belgian franc .�.�.31.85 British Pound. 1.5748 Canadian Dollar. 1.3748 danish Krone. 6.065 dutch Guilder. 1.7369 French franc. 5.3165 . 1.5477 greek drachma. 238.40italian lira. 1,600.50 Kuwait Dinar. 0.29885norwegian Krone. 6.7733 portuguese escudo. 157.85sauqi rial. 3.7500 Spanish peseta. 128.99swiss franc. 1.311 turkish lira. 36,000.00 note figures Are expressed in Donars to the British Pound other currencies to the Dollar Gold quote $384.50 an ounce Silver quote is. 17 an ounce sources merchants National Bank & Trust co. And the associated press new York Exchange new York a sales 4 . Pries and net chinos of the 1 5 most Active new York Stock Eirc hangs issues trading nationally tuesday. Nam Motorola    Limite Citicorp   Compaq Disney is Ornis last ck.7.578,800 57 2 6,606.500 17h -3h5,087,800 50 i 4,260,200 6w w 3,883,800 30 h 3,487,700 36h h3.481,000 35h -1h 3.457,100 20h h3.250.300 40h h 3,238,900 23tt 143,082,800 25tt -1vt 3,017,000 4614 h2,908,600 27 h 2,891,000 38v -ut2.518,300 43 h american Exchange new York a sales closing pries and net Chang of the 10 most so tvs american Stock Exchange muss trading nationally tuesday. Nans  1,049,600 vac omit 811,600vlacomb 814.100 naval cons 755.600chmbdeva 626,700 Price com 618,500 Echo Bay 538,400spoh 483,600  isat3v4 itt38vi 102 9/16 6v 10h45 cd. H m h 1h a hot -1.413,000315/16-1/16 404,900 Dow Jones new York up Dow Jones closing Range of aver Ages on tuesday High Low clots change 30 industrials 3787.34 3669.58 3677.99 off 91.52 20 transport 1466.44 1435.93 1440.b2 off 18.63 15 utilities 176.64 172.36 173.94 off 0.5365 stocks 1264.10 1229.99 1234.38 off 22.49 Wendy s to Cool its hot chocolate Dublin Ohio a just in Tim for Winter Wendy s says it will spend the next month studying How to take some of the hot out of hot chocolate. The decision followed a ruling in a Law suit that accused a Mcdona Krs restau rant of serving its Coffee too hot. Woman who was scalded by the Coffee was awarded $640,000. Wendy s International serves hot Choc Olate at 180 degrees the same temperature it serves Coffee and Tea. Stocks finish narrowly lower after session of see sawing new York a stocks fell for fifth straight session wednesday Al though the Dow Jones Industrial average ended Down Only slightly just Over 3 Points As investors tried to make sense of the previous session s Steep losses. Stocks see sawed throughout the Day with the Dow average Down about 40 Points at its worst. Stocks however started to improve after the Bond Market closed Early at about 2 . Ahead of the thanksgiving Holiday thursday. Bonds however ended the Day higher indicating that for a second session investors moved from shares into . Treasuries in search of better returns. There was uncertainty among Stock investors about How to react to the recent Market losses and that stemmed an panic Selling analysts said. On tuesday computer guided pro Gram Selling led stocks lower As fears swept the Market about higher interest rates and their potential Impact on the Economy corporate earnings and the desirability of stocks. There was Little re action among either Stock or Bond investors to two Good economic reports. The Commerce department said new orders to . Factories for big ticket durable goods plunged 1.5 percent in octo Ber the first drop since july. And the labor department said the number of first time claims for state Job less benefits held at 326,000 last week. I marked the first time in three months that there was no change in the  was also Little reaction to the news that the Clinton administration had won key support for approval of the general agreement on tariffs and Trade the pacts seen by Many As positive for business. In past months Stock investors have looked favourably on Bond Market rallies which bring lower credit Market interest rates. That potentially makes shares More attractive relative to interest bearing invest ments but analysts said rates Are now at High enough Levels that they Are hard for investors to ignore. Uncertainty about whether Bonds were now preferable to Stock began in Earnest this week after investors had time to digest the nov. 15 interest rate hike by the Federal Reserve the sixth by the Central Bank this year. The fed is hoping to slow economic growth and forestall inflation. The Dow Jones average of 30 Industrial stocks fell 3.36 Points to 3,674.63.declining issues outnumbered advances by about 10 to 9 on the new York Stock Exchange with 1,143 up 1,242 Down and 557 unchanged. Big Board volume totalled a extremely heavy 430.74 million shared As of 4 ., against 383.26 million in the pre Vious session. The nose s composite Index lost 0.14 to246.18, while Standard and poor s 500 Stock Index lost 0.15 to 449.93.the Nada composite Index lost 4.64 to 736.57 and at the american Stock Exchange the Market value Index fell 3.67 to 432.47v already foot soar Paul Perito of Quincy mass., one of the Many vacationers going 30.4 million americans scheduled to travel by plane More than airborne during the thanksgiving travel crunch gives his feet a 100 Miles from Home Over thanksgiving according to the Amer rest while waiting at Logan International Airport in boston., scan automobile association. That s approximately a 3 percent the Paris bound Perito and his wife were among an estimated increase from last year. Corporate tax benefits targeted Washington a labor Secre tary Robert Reich put congressional re publicans on notice tuesday that the Linton administration was ready to at tack corporate welfare about $111 Bil lion in tax concessions made to american companies Over five years. Reich said that in the next Congress the administration would seek to Reform not Only the welfare system that serves poor people but also the special tax Bene fits received by american business. Since we Are committed to moving the disadvantaged from welfare to work Why not target corporate welfare As Welland use the savings to help All americans get better work Reich asked in what was called a major policy speech to the democratic leadership Council. Reich s proposal caught some Mem Bers of the administration by Surprise. I have not heard about that proposal. I not aware of it Commerce Secretary Ronald Brown said As he left a Whitehouse meeting. As far As i know it has not been discussed at the highest Levels of the  Clinton s claim to the title new Democrat was based on his work in founding the Council an organization that has championed More conservative approaches than Many democrats have taken in the past. In a report titled Cut and invest the Council s progressive policy Institute pro posed withdrawing special tax benefits enjoyed by the Oil Gas Timber and Adver Tising industries. And companies doing business in puerto Rico. In his prepared remarks Reich did no cite any examples of corporate tax Bene fits that the administration would seek to eliminate. But he did Call on two conservative research organizations the Heri Tage foundation and the Cato Institute and other great think tanks of this City to add to the list their own examples of business subsidies that Don t make  Reich said eliminating some tax Bene fits would provide additional revenues to Complete the Job of overhauling the government s worker education and retrain ing programs. Ending corporate welfare As we know it is a worthy goal made All the worthier if it frees funds for investments in work ers Reich said. His comments offered a glimpse of what could become one of the major Bud get Battles in the next Congress the Firstone in 40 years that will have both the. House and Senate controlled by republicans. House republicans in their contract with America set Forth the additional tax cuts they would seek including reducing the capital gains tax and something for the Middle class in general