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Publication: European Stars and Stripes Saturday, December 10, 1994

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   European Stars and Stripes (Newspaper) - December 10, 1994, Darmstadt, Hesse                                18 the stars and stripes Money matters saturday december 10,1994 today s rates \ following arc fixed rates at which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use British Pound 1.60 dutch Guilder. 1.72 German Mark. 1.54 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 Curren cies  " austrian chilling. 11.133bahrain Dinar. 0.377 belgian franc 32.51 British Pound. 1.5585 Canadian Dollar. 1.3835 danish Krone. 6.1925 dutch Guilder. 1.7723 French franc. 5.4275 German Mark. 1.5804 greek drachma 243.82 italian lira. 1,631.00 Kuwait Dinar. 0.2997 norwegian Krone. 6.1925 portuguese escudo. 161.69 saudi Riyal. 3.7505 Spanish peseta. 132.44 Swiss franc. 1.3392 turkish lira. 36,865.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $376.10 an ounce Silver quote $4.67 an ounce. Sources merchants National Bank & Trust co. And the associated press new York Exchange new York a sales 4 . Price and net change of. The 15 most Active new York Stock Exchange issues trading thursday.  a Butts Kybic Athanson ads swstakliness6s Thomm n at to corpor Lasteel   Walmart we nats a Philllp Morrili volume last Chi. 9,885,500 cwt to 9,151,900 24h Uncan 8,185,600 18v4 a 7,34230q 16% to 6,858,300 22wuncn 5,821,400 48h 1h 5,686,800 24h i 4,637,200 5h a 4,358,800 41 -2h 4,214,200 331v-114 4,199,200 34h -14 3,873,200 21h 3,538,100 24h a 3,353,900 17v -1h 3,076,500 57h h american Exchange new York apol the 10 most Active trading thursday hints Blosl   Cheyer Hasbro by times  bar Ryogi sales closing Price and net Chang american Stock Exchange issues volume 980,600 893.700 883.000. 793.600 590,900. 588,300 519,100 486,900 -434,500 431,700 last a fill. 6v4 h 38 /4 -1 1v4 1/16 21 h 11 1 12h h 28h v4 22v4----h10vv i 11 w Dow Jones new York Dpi Dow Jones closing Range of aver Ages on thursday. High Low Cost changs30 industrials 3757,39 3669.92 3685.73 off 49.79 20 transport 1409.85 1376.08 1377.25 off 38.4215 utilities 181.32 178.42 179.61 off 0.85 65 stocks 1247.79 1219.74 1224.11 off 20.37 Virginia company gets Carrier contract Washington a the new port news shipbuilding and. Dry Dock co. Has been awarded a $2,5 billion fixed Price contract for the construction of a Nimitz class nuclear powered air Craft Carrier the Pentagon announced thursday. The work will be performed in new port news va., and is expected to be completed by the end of 2002. The award of the contract Means the Clinton administration is committed to maintaining a ready Navy today and into the 21st Century Navy Secretary John h. Dalton said. Cheapest airlines facing i t. I l res new York a Low prices Are catching up with the airline Industry again. Steep discounting years ago forced dramatic restructurings and prolonged bankruptcies at the nation s biggest air jines. This time the Low prices Are Hurt ing the cheapest airlines that some have touted As the future of . Aviation. Southwest airlines said fourth Quarter earnings would be disappointing. Continental airlines is still losing Money on its attempt to imitate Southwest. Kiwi inter National based in Newark n.j., is cutting salaries and other expenses aimed at reducing overhead by $1 million each month _. Continental s chief financial officer said that lower earnings estimates by Wall Street analysts were accurate and that Continental would ground 15 jets next month making it a smaller airline Overall in 1995 than this year. Airlines have been tripping Over them selves trying to offer the latest fare Sale. Just this week Northwest and Delta announced similar sales within minutes of each other. Sales have gotten up common with at least one new round of discounting announced each month that travel agents say some passengers won t buy at full prices because they Are confident a Sale will come along soon enough. Even Southwest has been holding More fare sales. The airline added 30 percent More seats to its route network in the past year and held sales in Hopes of boosting traffic enough to keep up. This week the airline Cut prices 50 percent from Cleveland Chicago hous ton and other cities. In late september Southwest started its first Broad fare Sale in three years by cutting fares at least 50 percent to steal some Thunder from the Start of United s lower fare shuttle operation in California. Southwest s sales and regular prices at others including Atlanta based Yal Jet have come with relatively few restrictions. Completely unrestricted coach fares have dropped 12 percent nation wide and tickets that require a few Days Advance Purchase have dropped 10 per cent compared with last october Accord ing to american express airfare manage ment unit. Pudding Beer Vanessa Saull holds a Glass of Christmas pudding ale a sea is spiced with such traditional christinas ingredients As Cinna Sonal Beer made by the British brewery Whitbread at its Lon Mon Nutmeg cloves Orange Peel and coriander. It will be Avail Don launch this week. The Beer contains 5.5 percent alcohol and Able Only until dec. 30 and will Cost about $2.70. Abc opens new front in Fox Washington a Abc has thrown another regulatory punch at rival Fox contesting the emerging network s plan to take away an Abc affiliate in Wisconsin. As part of a feud Between the two net works Abc asked the Federal communications commission to Block the acquisition of Wluke to in Green Bay. The petition was filed wednesday night and made Public thursday. The station is part of a group of stations that Fox and partner Savoy pictures entertainment inc. Plan to acquire. The acquisition Abc said would Vio late acc rules limiting the number of stations that one broadcaster can own nationally to 12 and limiting to 25 percent the amount of equity that a foreign com Pany can take in a . Broadcaster. Rupert Murdoch who gave up his australian citizenship to become Ameri can owns Stock representing 76 percent of the voting rights of Fox television. The remaining 24 percent is held by news corp., which is based in Australia. Murdoch also is chairman of news corp. Abc raised the same issues before the acc in August but stopped Short of Fil ing a formal petition against the acquisition. Peggy Binzel vice president of news corp., called the petition another at tempt to use the regulatory process to prevent  Binzel said she expects further assaults by Abc on other station acquisitions under the station acquisition plan Fox television is putting up 58 per cent of the financing to acquire a package of four stations. Savoy is putting in 41 percent. And Savoy s two principals Victor Kaufman and Lew Korman Are putting up the remaining 1 percent. Fox officials said the two principals will hold All voting control. Given this Fox has said the four stations the others Are in new Orleans Honolulu and Mobile Ala. Will not count toward its 12-station limit. Fox owns 10 stations and has pending arrangements to buy two More. Abc has previously challenged Fox s compliance with foreign ownership limits  
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