Discover Family, Famous People & Events, Throughout History!

Throughout History

Advanced Search

Publication: European Stars and Stripes Sunday, March 8, 1992

You are currently viewing page 15 of: European Stars and Stripes Sunday, March 8, 1992

     European Stars and Stripes (Newspaper) - March 8, 1992, Darmstadt, Hesse                                Dollar watch sunday March 8, 1992 the stars and stripes a Page 15 shown below Are the highest Dollar Exchange rates for the week of March 2-7 compared with Dollar rates for the same period one year and five years ago. German Marit one Dollar would buy you 163 1.50 i 1 1.83 189a i 1991 1 1987 a military Exchange rate British Pound one Pound would Cost you 1.75 1.91 one Dollar would buy you 34 40 31.80 38 45. _1991_j _1987_ dutch go skier one Dollar would buy you 2.07 1.88 74 j9gj 1991 1987 French franc none Dollar would buy you 5.68 5.26 6 13 1992_ 1991 1987 greek drachma one Dollar would buy you 192.65 i 16600 134.90 1992 i 1991 i italian lira one Dollar would buy you 1,254.15 1152.90 1.310 1992 i 1991 1987 i a a a a i hmm Mumm Spanish peseta one Dollar would buy you 129.30 10525 96.08 i 1987 a a a a a one Dollar would buy you 5,997.80 1992 3,384.80 1991 Money matters 769 j22lj three bankrupt airlines balk at raising Domestic ticket costs from wire reports new York a air travellers got a temporary reprieve from higher prices Friday when airlines in bankruptcy walked at an Effort to impose a fare increase forcing healthier rivals to postpone the plan. United airlines which was pushing the 2 percent fare increase on Domestic discount tickets said the Price hike has now been set for March 14. Continental airlines flying under chapter 11 Protection had entered that delay into airline reservations computers apparently because trans world airlines and America West airlines the other two carriers in bankruptcy  raise prices. A we did it for competitive reasons and decline to comment beyond that Quot Continental spokesman Ned Walker said. The increase had been scheduled to take effect Friday. Other airlines followed Continentals delay for fear they would lose passengers if they charged higher ticket prices. United has now tried twice this year to raise Domestic fares by 2 percent across the Board encountering trouble from Twa each time. A the airlines have to get their prices up somehow this year but they Are having a hard time doing that Quot said Jay Anderson vice president for us travel in Southern California a travel Agency. A it causes ongoing confusion to customers Quot Anderson said. Quot they wonder should we Book our vacations now will it the fare increase go through a so. It does create  the airlines that favor the fare increase which also include Northwest and us air declined to predict whether they will succeed this time. The carriers say they need to charge passengers More to help reverse staggering losses Over the last two  Jones takes 3-Day Tumble after climbing near 3,300 barriers amps new York up Wall Street started out the week on a Bright note a rebounding from the previous weeks weak finish and pushing the Dow to another record High. The two Day Advance brought the key barometer to within a hair breadth of 3,300, but the Mark once again proved to be insurmountable. Stocks declined the next three Days pulled Down by continued weakness of the Broad Market and Bond prices. On Friday the Dow closed at 3,221.60 to lose 46.07 Points for the week. A the 3,300 level is like a big Roadblock a said Newton Zinder an analyst for Lehman Brothers. Ricky Harrington director of investment policy and asset management at Marion Bass securities in Charlotte n.c., described the sell off As technical. A the a amp a 500 and other indexes Are weaker than the Dow. Its a natural culmination. The Dow is falling in line with those indexes. Weak Bond prices were also a  but Don r. Hays director of investment strategy at wheat first Butcher amp Singer in Richmond va., was not concerned about the markets slide. A this is what we be been expecting a Hays said. A a it a healthy for the Market. This Market has gotten overbought. This correction could last another four to eight  for the week the Dow Jones Industrial average dropped 1.4 percent for a two week losing Streak. Among the Broad Market indexes the new York Stock Exchange composite Index Slid 4.42 to end the week at 223.79, and the Standard amp poor a 500 Index fell 8.26 to 404.44. Declining issues outnumbered advances 1,353-729 among the 2,353 issues traded last week. Weekly big Board volume totalled 995,811,492 shares Down from 1,067,695,021 traded a week earlier and from 1,109,483,140 in the same week a year ago. Stocks managed to close with marginal gains in Choppy trading monday after a Daylong struggle to shake off the Burden of sagging Bonds following the release of better than expected economic news. The Dow rebounded 7.60 to 3,275.27, snapping a two Day losing Streak. Stocks also climbed tuesday in cautious trading on buying encouraged by positive economic news lifting the Dow to another record High. The Dow added 14.98 to 3,290.25, Topping the record High of 3,283.32 set feb. 26. Analysts said the key barometer was within easy reach of 3,300, but weak Bond prices again kept a lid on the Stock markets Advance. Stocks tumbled in cautious trading wednesday As the Blue Chip sector failed to lift the Broad Market out of negative territory. The Dow gave Back 21.69 to 3,268.56. Stocks Sank deeper in nervous trading thursday weighed Down by computer driven sell programs and a sell off in Bonds triggered by jitters Over the february employment figures that were to be released Friday. The Dow lost 27.06 to 3,241.50. Stocks Slid for the third straight Day Friday in cautious trading As computer driven sell programs exacerbated Selling following the release of jobless data that showed the rate rising from 7.1 percent in january to 7.3 percent in february. The Dow dropped 19.90 Points to 3,221.60 for a three Day loss of 68.65 Points. On the trading floor last week Glaxo holdings topped the big Board actives losing 1 to 27 on weakness of the drug sector. Tel Fonos de Mexico followed dropping 3% to 547/s after a finance ministry spokeswoman confirmed that the government was considering the Sale of about half of its remaining stake in telex. Chrysler was third falling % to 16vk. Among some of the Blue chips Citicorp slipped 7a to 16 on reports that . Lawrence had withdrawn its buy recommendation based on the Bank holding company a exposure to Olympia amp York developments Ltd. The financially strapped real estate Developer denied rumours thursday that it might file for bankruptcy. Ism fell i to 863k after a rating downgrade on its Long term debt by Moody a investors service. At amp to Rose % to 37%. Philip Morris lost 2 to 743/4, and american express Rose i to 21%. Volume of nose listed issues including trades in stocks on regional exchanges and in the Over the counter mar Market update activity for the week of March 2-6,1992 daily Dow closes 3300 3275 3250 3225 3200 3175 3150 3,221.60 m w the highest close weeks High lowest close weeks Low weeks change 3,290.25 tues. 3,318.43 wed. 3,221.60 Fri. 3,204.61 Fri. Down 46.07. A Sas Ket totalled 1,213,984,322 shares. That figure compared with 1,290,666,261 traded in the previous session and 1,361,907,450 a year ago. On the american Stock Exchange the amex Market value Index Slid 2.29 to close Friday at 407.95, losing 8.14 Points for the week. Declines topped advances 485-370 among the 1,042 issues traded for the week. Amex volume totalled 75,603,465, compared with 79,449,735 shares a week earlier and with 89,775,290 in the same week a year ago. Amdahl led the amex actives falling 2vi to 17vi after announcing a delay in shipment of its 5995m series of mainframe computers until the third Quarter. The move prompted a rating downgrade from Smith Barney Harris Upham. The National association of securities dealers composite Index fell 6.02 to end the week at 615.95, dropping 17.52 Points for the week  
Browse Articles by Decade:
  • Decade