European Stars and Stripes (Newspaper) - January 13, 1995, Darmstadt, Hesse                                Friday january 13, 1995 Money matters the stars and stripes Page 21 re today s rates following Are fixed rates at which Community banking and credit Union facilities Wilt sell for eign currencies to . Personnel for personal use British Pound. 1.60 dutch Guilder 1.gb German Mark .1.50 note tie rates above apply within the Host country. Figures Are expressed in dollars to the Antish 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 austrian Schilling. 10.827 Bahrain Dinar. 0.37675 belgian franc .31.633 British Pound .1.5592 Canadian Dollar .1.416 danish Krone. 6.066 dutch Guilder. 1.7225 French franc. 5.3028 German Mark .1.5383 greek drachma 238.83 italian tire 1,625.00 Kuwait Dinar. 0.299 norwegian Krone .6.7394 portuguese escudo 158.61 saudi Royal. 3.7507 Spanish peseta.133.66 Swiss franc. 1.292 turkish lira 39,850.00 nets figures Are expressed in dollars to the British Pound other currencies to the Dollar. Gold quote $377 60 an ounce. A Silver quota $4.73 an ounce a. Sources merchants National Bank amp Trust co and the associated press l new York Exchange a new York apr sates 4 . Price and net Diange of Trie 15 most Active new York Slock Exchange issues Tia ring wednesday a Nam Notum Lail -. Chg. To Cimex aos a -. �. 16220000 35ft 1ft cd corp. A a a a. 6.721.200 40 ,41m . A a. A 5.250,800 24ft 3 a Yff soc aos. A. 4,724.500 21ft 15 Rwjr Nab a. A. 4.011.600 a 5ft Neh empires la a a a a a a. 3800.200 10ft it Pei  3 693.100  25ft unch am Barrack a a a 3 221.50022 it 1ft got Rabasa �-,.-, 3.192.200 11ft to left Pepsico .-. �. A a. 2,697,100 34ft it Walmart Quot a 2,755,300 21 it it Sepac Gold a. A 2 647.600 12ft it Molo Iola a 2,592.900 60ft �?1. Compaq s a 2.573,700 41ft it at amp to corp. A 2,557,400 48 it. It american Exchange new York api sales closing Price and fl1 change of the 10 most Active american Slock Exchange issues trading wednesday Nam Quot. A. Velum ln1 a chg. Char Mcd a ,. 1 a 3.149.600 15ft �?1ft Echo bay7 1,319.600 10ft it a Oyagak g a a1,297.500 3 3 16 it Pegasus id. -1,250,800 11ft it gds panes g a a. 665.300 31716 Amdahl  a. 750.300 10ft unch Ingeroi gym. Quot. 724.300 8ft w a Viacom. A. A 694000. 43ft it tubes my. 641.500 3ft it Chc Vetts ,. 513,500 44ft it c Dow Jones a new York Dpi a Dow Jones dosing Range of ave Ages on wednesday a a a. Low clot 3824.683862.03 1406,47 1507.66 102.05 133.23 1231.53 1295 27 30 industrials 20 transport 15 utilities /. 65 stocks High 1.71  3609.7  1520.93 184.95 1307.45 change off 4.71 up 6.17 Oil 0.86 pal 0.03 Clinton pondering move to boost minimum wage Washington a president Clinton is awaiting recommendations from his economic advisers before dec id ing whether to seek an increase in the minimum wage which he says has fallen to a 20-Ycar Low when adjusted for  a a. A a a a a a a Quot. Quot a a a a a a a a a a  a a the minimum wage has been unchanged since it was raised to s4.25 an hour in 1991. Asked at a news conference wednesday whether he would propose a change the president said his advisers had yet to make their evaluation aides have said Clinton is considering an increase although the size and timetable Are Uncertain. Several have suggested an increase to $5 an hour Over , a Liberal organization which studies government policies affecting Low and Mode rate income groups contended wednesday that a $5.75 per hour minimum wage would be needed to equal the average purchasing Power of the 1970s. The Center on budget and policy priorities released a study suggesting that inflation has eroded the value of the minimum wage even More than Clinton claimed reaching the second lowest level in four decades. It said that while the inflation adjusted purchasing Power of the minimum wage is above its level of 1989, it has fallen below its level for every other year going Back to 1955. Still if Clinton decides to propose an increase enactment by the Republican striking tire workers protest replacements Des Moines Iowa apr about 400 striking tire workers marched on the Iowa statehouse on wednesday and burned a japanese Flag to protest the hiring of replacement workers. More than 4,000 members of the United rubber workers Union have been on strike against Bridges tone tires Tonc inc. Since july 12. Bridges tone Firestone which is owned by a japanese company this month began hiring replacements fur More than 2,000 strikers. The company is based in Nashville Tenn. Pig Pupp a Man counts his Money wednesday outside an Exchange office in Mexico City after buying dollars. Attic peso has Fatlan sharply on currency markets but it Rose wednes Day to 5.65 to the Dollar compared with 5.75 late tuesday. S a lift peso Clinton Mexico City a the Max a can Stock Market battered by fears that a Wcek-pid economic crisis Isnit casing rebounded slightly wednesday after two Days of heavy losses and the peso strengthened on a show of support by president Clinton. The Bolsaks main Index Rose a mod Cost 2.82 percent to close at 2,027.87, after two Days of frenetic Selling. But that did Little to recover the 12.5 percent combined fall of monday and tuesday. The peso also Rose to 5.65 to the Dollar compared with 5.75 late tuesday after Clinton announced in Washington that he would authorize an Extension if necessary of a . Line of credit to bolster the mexican currency.  markets in other latin american nations that were dragged Down by i he mexican crisis also rebounded wednesday including. Argentina Chile and Braz in but in Peru the 1 Ima Slock Exchange continued to Tan. /. Mexico a economic crisis was triggered by the abrupt government decision dec. 2 1 to let the peso float freely on world markets. Since then the currency has fallen 40 percent in value the Stock Market has fallen about 20 percent and investors have lost Confidence in a popular emerging Market american investors lost an estimated $10 billion on mexican stocks because of the devaluation but Clin ton said wednesday that he was standing by his partner in the North american free Trade agreement. A we have a Strong interest in the Prosperity and stability in Mexico a he said. A it to in americans economic and strategic interest that Mexico  a. In a news conference after a meeting with japanese prime minister to Miichi Murayama Clinton added a the United states is committed to doing what we can to help Mexico through what i believe is and should be a snort term crisis athe United states has made available $9 billion for Mexico to buy pesos on the open Market to prop up the currency a value Canada the other Naftal partner has offered $1 billion. A. Controlled Congress is an uncertainty. House majority Leader Richard Armey a Texas has said passage is improbable and has vowed to oppose any increase a with every fiber of my  Armey and Many economists contend. The minimum wage imposes additional burdens on business and results in lost jobs and incomes. Clinton said this argument was one of the questions Bis advisers were studying. Clinton also said his advisers were evaluating whether the wage floor needs to be raised since the earned income. Tax credit was expanded during his first year As president in part a to offset the fact that the minimum wage has fallen so far behind inflation a 2 military contractors will Settle with Etc Washington apr Lockheed corp. And Martin Marietta corp., two of the nations largest defense contractors have agreed to Settle Federal charges that their proposed $10 billion merger would violate antitrust Laws. The proposed agreement Between the companies and the. Federal Trade commission Means that one of the biggest de. Sense unions Ever planned can proceed the Etc said wednesday. The proposed settlement which could be finalized after 60 Days will require the new company Lockheed Martin corp., to open a steaming arrangements that the individual companies have with the makers of infrared sensors to restore Competition for certain types of military sat elides. A a a a Quot a a. A a a a a. A Lockheed based in Calabasas Calif has an exclusive arrangement with Hughes aircraft co. To develop and manufacture satellites for use Iri spaced based Early warning systems. Martin Marietta based in Bethesda mde a has a similar arrangement with Northrop Grumman corp. Hughes and Grumman Are leading producers of electro optical sensors for the military satellites the Etc said and their individual arrangements with Lockheed and Martin Marietta prohibit both companies from bidding in their own or joining other firms to bid on defense do part mint contracts. After first questioning the lock cd Martin Marietta merger Deputy defense Secretary John Deutch last month dismissed Etc concerns and endorsed it. Deutch said the merger made sense in the Post cold War Era of declining defense spending by the United states. Lockheed and Martin Marietta Are the second and third largest Pentagon contractors with a combined $11.6 billion in contracts in 1993. Mcdonnell Douglas corp. Ranked first. Mcdonnell Douglas said it expects continued Success although the lock heed Marietta merger will a add to the highly competitive Market in which it docs business. A. A a new geopolitical picture emerging makes it Clear that the consolidation of the american defense Industry is inevitable a said Mcdonnell Douglas spokesman Tom Williams