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Publication: European Stars and Stripes Thursday, September 14, 1995

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   European Stars and Stripes (Newspaper) - September 14, 1995, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters thursday september 14, 1995 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. 1.59 dutch Guilder. 1.61 German mark., 1.45 note th8 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 Schilling. 10.4345 Bahrain Dinar. 0.37690 belgian franc. 30.43 British Pound. 1.5504 Canadian Dollar.,. 1.3470 danish Krone. 5.7395 dutch Guilder. 1.6581 French franc. 5.1305 German Mark ,. 1.4854 greek drachma. 238.58 italian lira. 1,618.50 Kuwait Dinar. 0.3bl 20 norwegian Krone. 6.4792 portuguese escudo.153.99 saudi Royal. 3.7503 Span so peseta. 126.88 Swiss franc. 1.2151 turkish lira. 47,000.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar ,. Gold quote $385.40 an ounce. Silver quote s5.53 an ounce sources merchants National Bank & Trust co. And the associated press new York Exchange new York a sales the 15 most Active new Yor tuesday. Hams ism gun list Micro tech Slit co Etc corp Edison Bro Hom depot for motor Gen motors Pepsico Chrysler Conner Perl ant Ayr Merck Walmart 4  Price and net change of Stock Exchange issues trading volume 7,226,600 5,582,000 5,560.600 5,446,700 4,414.200. 4,383,900 4,202,200 4,165.500 2.624.300 2.538.700 2,470.300 2,460,900 2.309,100 2,145 200 2,128,900 list chg 97h 1 33 /4 -1 /492 w -2% 17vv v19tt i 5 /4 it 40v4 -2 47vli56k to 15vi "#17 is 52 Vuk 25% t v4 american Exchange new York a the 10 most Active tuesday. Name Viacom. Foiest labs dec Tobay. ". Ivan up Viacom w cry hoax g Pegasus Gid bios Ailep. Ensco. Id Nix sales. 4  Price and net change of. American Stock Exchange issues trading volume 2,508,100 1,155.600 1,108,800 977.300 886.4006 11/16 last chg. ,53tt it 45v4 .1v4 27 752.400 622,400 584,500 560,500 537.800 4vt 1/16 14v 4. 1/i .3.4 h 6 19 a Dow Jones. New York a Dow Jones closing Range of aver Ages on  Low close change 30 industrials. 4.762,35 4689,45 47472.1 4227 20 transports. 1976.04 1945.42 1958.64 2.56 15uilitlcs 205.38 203.07 204.98 1.45 65 stocks 1609.36 1585.44 1601.43 "8.38 Spain s jobless rate Conti n us to d Rop Madrid Spain a Spain s unemployment rate fell to 15.08 percent in August from 15.19 percent in july the labor ministry reported wednesday. The drop was the seventh consecutive month of declining unemployment. The ministry said that in August 17,876 fewer people were registered As unemployed compared with the previous month a gain of 0.76 percent. The ministry said a total of 2,346,453 were unemployed As of aug. 31, 1995, compared with a rounded 2.36 million in july. Ort . Prices Praise s Washington a consumer prices edged up a tiny 0.1 percent in a gust As a Sharp decline in airline ticket prices and the biggest drop in gasoline costs in More than four years helped keep inflation Well in Check. The Small increase in the labor department s consumer Price Index re leased wednesday marked the third straight month of Price moderation after a Price spurt last Winter raised concerns that inflation might be worsening. But since june prices have been edgr ing up by modest amounts including a 0.2 percent increase last month. So far this year inflation is rising at an annual rate of 2.8 percent Little changed from the 2.7 percent increase in 1994. The Good news on consumer prices Fol Lowed a report tuesday that prices paid by wholesalers fell by 0,1 percent last  -. That report spurred a big rally Bri Wal Street that pushed stocks to a record close As investors believed that the be Nign inflation news will give the Federal Reserve room to Cut interest rates fur ther. Bond prices gained further strength wednesday immediately after the Chi re port was released. This is More evidence that the fed s soft Landing has done exactly what it was supposed to do which was rein in inflationary pressures said Robert dude Rick economic consultant for Northern Trust co. In Chicago the Economy under the Impact of a string of fed rate increases in 1994, slowed dramatically last Spring with the Gross Domestic product expanding at an annual rate of 1.1 percent the slowest rate in More than three years. Economists said they think that recent signs show the Economy is rebounding to growth of around 2.5 percent for the Sec Ond half of this year the Federal Reserve has pull diff the hat track it has Given us slower growth that capped inflation while avoid ing a recession Dederick. Said. For August Energy prices fell by 0,8 percent. This decline was led by a 2,9 percent drop in gasoline pump prices the biggest one month decrease since march1991. .-"-.-v. Airline fares also took a big drop for the month declining 3.5 percent their biggest reduction since a 4 percent fall in november. Airline fares were Down 1.3 percent in july but even with the two months of declines they Are still rising at an annual rate of 22.7 percent through August reflecting big increases earlier in the year.  prices were up 0.2 percent in a gust with declines of 0.3 percent in Dairy products and 06 percent in fruits and vegetables offsetting a 0.8 percent Rise for. Meat poultry and fish. The Price of tomatoes was Down 24.8 percent in August reversing most of a 26.2 percent increase ii the two previous months. A   while beef prices were Down pork prices climbed by 1,8 percent their big Gest one month surge since june 1990. Excluding the volatile food and Energy sectors prices were up 0.2. Percent the fourth straight month that the Core rate has risen by that moderate amount. Medical costs Rose 0 4 percent in a gust and were up 414 percent Over the past 12 months the fastest Pace for any of the major categories. A catch All Index for other goods and services was up 0.5 percent in August with increases for tuition accounting for 50 percent of the Advance in that group. Pfc starts cooking in Moscow Moscow a col. Sanders backed by an army of american chickens has invaded Moscow. With the snipping of a big red ribbon the . Fast food giant pfc opened its doors to a Small curious crowd in the russian capital on monday. The scent of spicy wings and buttery biscuits unmistakable to any fast food connoisseur now wafts across a Busy Moscow Street battling with the doors of car exhaust and garbage. Inside about 20 russian and foreign visitors occupied a fraction of the seats sampling Mosco w s newest fast food. Reviews were mixed. Its Well interesting Sergei Pankov a student at Moscow state University said tactfully after picking at his wings. His Friend Igor was also ambivalent. The food s of. It s just not that big of a Deal anymore. We even have russian fast food now he said wiping his  his Levi s jeans after polishing off a plate the restaurant operating jointly with pizza hut next door faces some stiff Competition. Mcdonald a which opened its first Moscow restaurant in 1990 and its fifth just weeks ago is still Russia s fast food Leader. The flagship restaurant on push Kin Square is one of the busiest in the world. And there is now a Home grown contribution to the world of fast food. Called rus Skoye Bistro the restaurant offers russian style meat pies soups and Vodka for prices considerably lower than for eign run Competition. Its owners Hope to employees of Moscow s first pfc restaurant stand behind the counter during a opening ceremony monday. Open As Many As 250 More stores in the next few years. Pfc s menu might be a bit too spicy for the russian palate. The Chicken s not bad but that skin could Burn your Mouth said Marina Arbatova who took her two kids to the eatery. And though prices Are comparable to pfc stores in the United states at 10,000 rubles $2.25a plate of just three spicy wings would Drain most russian pocketbooks. Despite these concerns and a relatively quiet opening Day company officials Are optimistic. We believe that russians will love the Chicken Irina Tolpygo marketing manager for pfc Moscow said. French airline attendants go on strike Paris a nearly 80 percent of air France s stewards and stewardesses went on strike wednesday to protest a plan to downgrade their profession As part of efforts to Cut losses at the state owned airline. Despite the strike s Large following air France said flight traffic remained nor Mal with All Long haul flights and 90 per cent of medium haul flights to leave As scheduled. In flight service personnel Are striking to protest air France s plan to Cut costs by downgrading the profession of Steward to the same level and salary conditions As sales staff on the ground. The changes would mean an average 14 percent salary Cut and a More fragmented career with newly recruited stewards and stewardesses to be consid ered multipurpose employees inter changeable with other ground Commer Cial staff. Air France is under pressure to streamline costs and boost productivity As a new Era of european airline deregulation approaches. A recent report by the German audit group Berger showed the French company s costs were significantly higher than its european competitors. Air France s total costs outrun those of its Model Lufthansa by 7.5 percent while the French company s in flight service costs Are 45 percent higher than the German airline s  
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