European Stars and Stripes (Newspaper) - January 12, 1992, Darmstadt, Hesse                                Sunday january 12, 1992 the stars and stripes a Page 15 Dollar watch shown below Are the highest Dollar Exchange rates for the week of Jan. 5 Jan. 11 compared with Dollar rates for the same period one year and five years ago. British Pound one Pound would Cost you German Mark one Dollar would buy you 1.92 1.52 1.50 1992 1991 l 1987 a military Exchange rat turkish lira one Dollar would buy you 5,224 i 2,999 1992 1991 756 1987 a amps the Dollar surged in new York for the second straight session Friday. It was propelled by a positive . Non farm payrolls figure for december and by speculation that the group of seven Industrial nations were poised to agree to a Deal to boost the dollars value. Early in the Day the labor department reported that the unemployment rate Rose to 7.1 percent in december from 6.9 percent the previous month. However that failed to Dampen enthusiasm for the Dollar. The jobless number was overshadowed by an unexpected increase of 30,000 jobs in the important non farm payrolls category considered by the Market As a key economic barometer. Most forecasts had predicted that the payrolls figure would fall by around 75,000. Earl i. Johnson a vice president at Chicago based Harris Trust said the dollars Steep 8-pfennig Rise against the Mark in two Days a was primarily technical. I done to think you can argue that the economic fundamentals Are  reports that the worlds seven major Industrial countries might agree to Shore up the Dollar at a Jan. 25 meeting in Washington sent dealers Rushing to cover Short Dollar positions. Johnson said a the Dollar could test 1.60-1.62. I done to see much More beyond that right now without stronger  the official rate for the Sale of German Marks to . Personnel will be 1.52 through monday. The official rate for British pounds will be $1.86 for a Pound. In late new York trading Friday the Dollar jumped to 1.5830 German Marks from 1.5590 thursday. It also fattened up against the lagging British Pound Sterling which tumbled to $1.7905, from $1.8175. Against other european currencies the Dollar Rose strongly to a 1.4100 Swiss francs from 1.3920. A 5.3225 French francs from 5.1455. A 32.53 belgian francs from 32.27. A 1,194.50 italian lira from 1,178.25. United press  Trade agreement lauded by computer Industry by the new York times san Francisco a american computer executives Friday hailed a Trade agreement reached during president Bush strip to Japan saying it could result in As much As $2 billion a year in extra sales of . Computers in Japan. The agreement Aims to increase sales of non japanese computers to japanese government agencies and state owned companies. A you can predict some pretty significant Concrete gains from this sooner than from the automobile Trade agreements said Victoria Clarke a spokesman for the office of the . Trade representative which released details of the computer agreement Friday. Kenneth r. Kay executive director of the computer systems policy project a Washington lobbying group composed of the chief executives of the 12 largest american computer companies said a a we re very pleased with the language. We think the . Negotiating team did a Good  american computer producers said the $6 billion japanese Public sector Market for computers has essentially been closed to them they have had much better Success in the $34 billion private sector Market. The agreement bars the japanese Public sector from discriminating against foreign vendors in computer procurements. Foreign companies will be accorded equal Access to information released before bidding begins and will be Able to participate in groups that set technical specifications for the procurements. Failed a amp a in . Sold for $7.8 million in Eton area responsible for financing significant growth in the capital and its sur Washington api the government on Friday sold the largest failed savings and loan in the nations capital to Crestar financial corp. In a Deal that will Cost taxpayers about $419 million. Crestar based in Richmond va., will pay about $7.8 million for the assets of perpetual savings Bank which was seized by regulators in july after it fell prey to speculative real estate Loans the Resolution Trust corp. Said. Under terms of the Sale Only 22 of perpetual a 61 Branch offices in the District of Columbia Virginia and Maryland will reopen monday under the Crestar name the Etc said. All customers however will have Access to their accounts through automated Teller machines and the branches that will remain open the government said. Crestar will assume about $2.6 billion in perpetual a deposits and about $269 million in secured liabilities the Etc said. The government had offered perpetual to 351 potential buyers after it was seized. The Etc said it received Only three bids and Crestar a was the least costly to the taxpayers. Perpetual was chartered in 1881 and was at one time the largest in the Wash rounding suburbs. At the time it was seized perpetual had assets of $3.4 billion liabilities of $3.3 billion and 325,000 Deposit accounts. Perpetual a a decline was primarily caused by Large losses in commercial real estate according to the office of Thrift supervision which oversees a amp is. During the mid-1980s, perpetual changed its policy from making Low risk Home mortgages to aggressively pursuing highly speculative projects that went sour regulators said. Stocks three week rally Levels off As record Bull Market takes break new York up Wall Street finally got its Well deserved rest last week after a Marathon year end rally. As one analyst put it even a charging Bull has to pause to catch its breath. The Stock Market closed lower Friday to end its three week climb to record Heights. Joseph Barthel director of investment strategy at Fahnestock amp co. In great neck n.y., said the Stock Market got its a Well deserved  however he added a this first pullback is being viewed As a buying  Alfred Goldman Market strategist with . Edwards amp sons inc. In St. Louis said the Market a needed a correction or a pause and could spend a couple of weeks working off its overbought conditions after running up about 300 Points in less than three weeks. A the Market can to just go straight up. Even a Bull Market has to rest and Correct some excesses before going higher again a he said. For the week the Dow Jones Industrial average fell 2.02 Points to close at 3,199.46 a its first close below the 3,200 level since the Start of the year. Among the Broad Market indexes the new York Stock Exchange composite Index eased 1.40 to end the week at 228.95, and the Standard amp poor a 500 Index fell 4.24, to 415.10. Advancing issues outdistanced de diners 1,262-843 among the 2,326 issues traded last week. Weekly big Board volume totalled 1,320,504,152 shares up from 923,218,513 traded a week earlier and 707,540,830 in the same week a year ago. Stocks closed narrowly mixed in heavy and Choppy trading monday after the Market tailed to Snake off widely expected profit taking snapping a string of six record setting sessions. The slight pullback also broke the Downs spectacular 11-Day rally during which the Blue Chip indicator amassed a 299.20-Point gain. The Dow Industrial average eased 1.35 Points to 3,200.13, but the Dow transportation average jumped 14.76, to 1,365.47, erasing the record High reached . 31. Stocks closed slightly higher in heavy trading tuesday after the markets last ditch Effort hurdles bouts of profit taking and lifted the Dow to another record High after a one Day pause. The Dow Industrial average rebounded 4.70, to an All time High 3,204.83 a its seventh record close since the powerful year end rally began . 20. Stocks closed mostly higher in heavy and Choppy trading wednesday with the broader Market faring much better than the Blue Chip sector in weathering bouts of profit taking spawned by the year end rally. The Dow eased 0.89, to 3,203.94. Stocks closed higher in heavy trading thursday As Broad investor interest Ana optimism about further easing of interest rates contained profit taking and lifted the Dow to another record High. The Dow rebounded 5.59 Points to 3,209.53, eclipsing the record High reached tuesday. Stocks closed lower in heavy trading Friday As the Market finally got its first full fledged pause from the Long rally. The Dow gave up 10.07, dropping to 3,199.46. On the trading floor last week Rwjr Nabisco holdings again paced the big Board actives inching up 3a, to 111/4. Glaxo holdings followed rising i to 333/4. The investors business daily reported tuesday that the British company could soon pose a Challenge to pharmaceutical giant Merck amp co. Merck closed Friday Down 3vi, to 163. Advanced Micro devices was third raining to 191/8, after reporting a Burth Quarter profit of $1.17 a share reversing a 55-cent loss in the year ago period. At amp to was fourth rising a a to 41. Market update activity for the week of Jan. 6-10,1992 a pm t w the f highest close 3,029.53-thurs. Weeks High 3,246.65-thurs lowest close 3,199.46-Fri. Week s Low 3,164.58-wed. Weeks change Down 2.02 aps amps among some of the Blue chips Westinghouse electric Rose i to 185a Philip Morris edged up to 797a ism Rose i to 907a american express Rose 114, to 22 and general motors fell 14, to 3114, after Moody a investors service downgraded the credit ratings of pm and some of its units tuesday