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Publication: European Stars and Stripes Sunday, April 5, 1992

You are currently viewing page 17 of: European Stars and Stripes Sunday, April 5, 1992

     European Stars and Stripes (Newspaper) - April 5, 1992, Darmstadt, Hesse                                Sunday april 5, 1992 the stars and stripes b Page 17money matters Dollar watch shown below Are the highest Dollar Exchange rates for the week of March 30 april 4 compared with Dollar rates for the same period one year and five years ago. Sales of vehicles produced in North America gain Speed 1 who one Dollar would buy you 1.62 1-67 1 81 i1992 i 1991 l 1997 a military Exchange rat British Pound one Pound would Cost you 1,74 173 1.591992 j 1987.l 15i319 one Dollar would buy you i pc 38 Detroit apr a continued surge in Light truck buying led a 3.1 percent increase in sales of North american made vehicles in late March figures indicated Friday. The nine automakers that release sales figures every 10 Days said their daily sales rate was 35,463 vehicles compared with 34,981 in the March 21-31 period a Vear ago. There were nine Selling Days in both periods. For the month sales of Domestic and imported vehicles were up 2.5 percent. Sales for the entire Auto Industry were up 1.2 percent in the first three months of the year compared with recession weakened sales in the first Quarter of 1991. A sales were a Little disappointing for cars and trucks in March no better than in february and no better than in the fourth Quarter a said Ron Glantz an Auto analyst with Dean Witter Reynolds inc. In san Francisco. A a where a the re covery a general motors corp., Ford motor co. And Chrysler corp. Posted their Best numbers of the year in late March against cars built in this country by japanese automakers. Big three sales were up 6.7 percent while sales of the seven transplants fell 13.9 percent. Car sales by Toyota Honda Nissan and Mazda All fell during the period while smaller makers Mitsubishi and Subaru reported gains mostly because of increased production. Automakers truck sales Rose 14.3 percent in late March while car sales were Down 4.4 percent. John Casesa an analyst with Wertheim Schroder amp co. In new York said its becoming Clear that Light trucks Are becoming second and third vehicles in family driveways. A a that a a very positive sign for the automakers because trucks Are More prof Itable than cars a he said. Gmys truck sales in late March were up 5.3 percent and combined vehicle sales were up 1.9 percent. Fords truck sales continued to be robust soaring 22.8 percent in the period pushing the no. 2 automakers combined vehicle sales ahead 10.7 percent. Chrysler which reports sales Only on a monthly basis had an estimated 14.4 percent increase in combined car and truck sales in late March. The associated press estimate is based on Chrysler a a average monthly Market share for the previous 12 months. Chrysler said in its monthly release that its truck sales led by the popular minivan Rose for an eighth consecutive month. Car sales were 14 units ahead of last March the first increase in 15 months. Edginess spreads through Market lbs shh in anticipation of earnings reports one Dollar would buy you a . I 1.87 one Dollar would buy you 1.93 2.06 1992 1987 one Dollar would buy you 563 5.82 6.07 jmj 1987 l greek drachma a. A one Dollar would buy you 193 186 134 italian lira one Dollar would buy you 1,251 1.279 1 301 1992 Spanish peseta one Dollar would buy you one Dollar would buy you 6,290 _ 3,695 1992 a amps new York up Wall Street spent an uneasy week As investors turned cautious while waiting for. First Quarter earnings reports. A Lack of encouraging news at Home and abroad Only heightened investors concern Over the Outlook for improved corporate earnings. A no one is sure about first Quarter earnings a said Trude Latimer chief Market strategist with Josephthal Lyon amp Ross. A we have a very nervous investment group. I done to think longer term investors Are buying. They re still on the  Alan Ackerman executive vice president at Reich amp co., expressed a similar sentiment. The markets a mood has turned from euphoria to edginess a he said following the release of a weaker than expected March unemployment report that showed the jobless rate stuck at 7.3 percent. A while we re seeing improving economic signals the High level of unemployment is both disappointing and disturbing a he said. A Hopes Are waning for Strong quarterly earnings  Ackerman also pointed out that essentially we re looking at world markets with the jitters particularly in Japan and the  for the week the Dow Jones Industrial average managed to Post a half percent gain or 17.67 Points to 3,249.11. Among the Broad Market indexes the new York Stock Exchange composite Index Slid 1.45 to end the week at 221.86, and Standard amp poor a 500 Index fell 1.95 to 401.55. Declining issues outnumbered advances 1,242-751 among the 2,360 issues traded last week. Weekly big Board volume totalled 885,989,763 shares up from 881,735,679 traded a week earlier but Down from 930,269,360 in the same week a year ago. Stocks closed narrowly mixed monday in the slowest session of the year As investors turned cautious while waiting for the weeks string of key economic news and upcoming first Quarter earnings. The Dow edged up 3.80 to 3,235.24. Stocks closed Little changed in Choppy trading tuesday after a late wave of computer driven sell programs knocked the wind out of a rally fuelled by positive economic news. The Dow crept up 0.23 to 3,235.47. For the Quarter the Dow gained 2.1 percent or 66.64  closed mixed in cautious trading wednesday after a rally in Bonds an some buying helped the Market recover from a sell off that was triggered by a plunge in the Tokyo Market. The Dow advanced 13.86 Points to 3,249.33. Stocks retreated in cautious trading thursday As a Lack of encouraging news at Home and abroad prompted Many investors to take profits ahead of fridays unemployment report. The Dow gave Back 15.21 to 3,234.12. Stocks closed mixed in Choppy trading Friday As the unemployment report heightened investors concern Over the Outlook for first Quarter earnings. But the Dow managed to re Market update activity for the week of March 30 april 3,1992 daily Dow Clos a 33001 bound 14.99 to 3,249.11. On the trading floor last week at amp to again topped the big Board actives rebounding 1% to 42 after picture Tel corp. Agreed to a joint Effort to establish compatibility Between at amp to a new Chip technology and picture Tell a visual communications system. Picture Tel fell Iya to 3814 in Over the counter trading Friday. Rwjr Nabisco holdings followed edging up a to 9%. Its $1.2 billion two part Issue of senior notes was priced to yield 8.30 percent for the $600 million first part and a yield of 8.75 percent for the $600 million second part. Oak industries was third rising i to 2va after the financial weekly Barrons reported the Stock was among those favored by Robertson Stephens amp co. Among some of the Blue chips ism fell 1 i to 81-y4, american express lost 1 to 2214, Philip Morris Rose it to 77%, Eastman Kodak fell a to 40, and Citicorp lost Iya to 15%. 3275 3250 3225 3200 3175 3150 3,249.11 is a a a m w the f highest close 3,249.33 wed. Weeks High 3,277.06 thur lowest close___3,234.12 thur weeks Low 3,201 92 Fri up 17.67 ap/s4s new York Exchange new York up Yorty Stock Exchange stack cams Energy corp at amp to company Pepsico inc Home St mining Rwjr Nabisco hid ban America Merrill Lynch ism corp get corp computer Assoc Texaco inc Wal Mart stores us Marthon first Union up Ford motor co the 15 most Active stocks in new composite trading on Friday. Idea last net Cha. 4,103,300 15 of 3.515,600 42 up 1 2.340,500 35 Uez 1.922.600 12 of 1,674,600 9 unch 1.785,800 41 off 1 1,776.700 51 Oft 1 1,727.500 81 off 1.880,100 29 unch 1.679,400 13v� off h 1.661,100 59 up 2 1.636,400 51 off h 1.605,200 20 up 1,563.600 34 up 1.528,700 39 up american Exchange the 10 most Active stocks in composite trading Friday. Joi gym non new York up american Stock Exchange Block Amert Cue get or greyhound lines Usbie science explored co la tubes of Acero Hasbro inc Wang labs inc b Chres of Shora Chambers Dev a Amdahl corp la Lei 625.600 478.400 439,200 421.700 384.800 365.900 344.700 337.000 330.700 318.700 last 22 10 12 1 6 24 5 1 9 15 Lei cd unch off of unch up up of off of up Dow Jones Tew York up a Dow Jones closing Range d averages Friday 30muektait 20 transport 15 meow 65 stocks 327? 1367 34 205 12 1164 90 Lew 3201 92 1339 60 202 49 1141 67  3249 11 up 14 90 1348 26 of 1131 203 99 up 0 37 1154 65 of 1 15  
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