European Stars and Stripes (Newspaper) - April 19, 1992, Darmstadt, Hesse Sunday april 19, 1992 the stars and stripes a Page 17 Dollar watch shown below Are the highest Dollar Exchange rates for the week of april 13 april 18 compared with Dollar rates for the same period one year and five years Mark Money matters one Dollar would buy you 1.62 1 -64 1 -80 1991 1907 a military Exchange rate Pound one Pound would Cost you 1.75 178 1.62 1992 i 1991 i 1987 i Wmma Job amp a giant franc of if Quot one Dollar would buy you 34.16 34.75 3782j j 1987dutch 9&�s%6k one Dollar would buy you 1.86 Law 204 1987 it a v y. J French one Dollar would buy you 5.61 5.64 6.04 1992 greek drachma. One Dollar would buy you 193.76 181.95 133.56 1992 1987 italian lira one Dollar would buy you 1.248.10 1.243.35 1.�5,10 Jsse is sly Jwj Spanish peseta one Dollar would buy you 127,28 104.09 103.42 turkish lira one Dollar would buy you 6,439.50 1992 3,781.80 j2�j 789.20 1987 optimistic Greenspan projects economic growth of 2 percent by the new York times Washington encouraged by upbeat statistics in the past few Days Federal Reserve chairman Alan Greenspan said Friday that the Economy grew at an annual rate of 2 percent in the Jan uary March Quarter. That is the most specific projection he has made and is More optimistic than his previous statements. Such a growth rate would make the Quarter the Best since the comparable 1989 period during which president Bush was inaugurated. The Commerce department is scheduled to make its initial estimate of first Quarter output april 28. The fed chief who scarcely a week ago produced a Surprise Cut in interest rates widely viewed As insurance for a fragile recovery thus joined the growing contingent of private analysts who have begun scrambling to raise estimates for Gross Domestic product the broadest gauge of economic performance a the first Quarter will come in at that Greenspan told the Senate banking committee after sen. Paul s. Sar bancs d-md., challenged a 2 percent figure that had been under discussion. Greenspan noted that the current rebound was far less robust than Normal with the average postwar recovery posting first year growth of about 6 percent. But even a 2 percent rate this Quarter a Pace he suggested would be accelerating As 1992 unfolds would be markedly above the consensus 1.2 percent gain predicted by 50 economists in the monthly Blue Chip Survey dated april 10. The recovery the fed chief said a is going at a modest Pace but it is Greenspan cited As grounds for optimism fridays report showing that builders broke ground for new Homes and apartments at a March rate that was b.4 percent faster than in february he also mentioned reports thursday showing a second straight hefty decline in first time claims for unemployment benefits for the week ended april 4 and a big february decline in the nation s foreign Trade deficit which stands at the lowest level in almost nine years. Even As the Economy gathers momentum Greenspan added inflation should a continue to Case ism Sparks rally to help Dow burst through 3,300 Barrier ass new York Fuji Wall Street shrugged off floods and the spell of the two witches to score a winning week and help the Dow crack 3,300 for the first time. The Stock Market emboldened by a string of encouraging first Quarter earnings led by ism propelled the key barometer to record Levels for three straight Days of a Holiday shortened week. Trading was dampened monday by the suspension of futures trading on the Chicago Board of Trade and the Chicago mercantile Exchange because of flooding in the City. Jack Solomon technical analyst at Bear Stearns amp co., said tuesday s rally was a sparked by big Blue Quot a Wall streets nickname for ism. Solomon said the markets climb to record territory was also helped by computer guided buy programs tied to the so called a double witching hour Quot the monthly expiration of Stock Index futures and options on thursday a Day Early because markets were closed on Good Friday. The event usually causes volatility in the Stock Market. John Blair senior vice president and head of trading at county Nat West securities Usa said ism helped a the tone of the a some of the cyclical Are firm. As investors continued to make bets on the economic recovery a Blair said. For the week the Dow Jones Industrial average jumped 3.41 percent or 111.13 Points for its biggest weekly gain this year. Among the Broad Market indexes the new York Stock Exchange composite Index Rose 5.63 to end the week at 228.90, and the Standard and poor a 500 Index climbed 11.76 to 416.05. Advancing issues outnumbered decliners 1,347-681 among the 2,348 issues traded last week. Weekly big Board volume totalled 835,384,290 shares Down from 1,063,429,060 traded a week earlier and 1,033,798,140 in the same week a year ago. Stocks closed with modest gains in sluggish trading monday managing to extend the previous weeks rally As investors Shook off initial worries about Tokyo a continued weakness. The Dow gained another 14.53 to 3,269.90. Stocks rallied for the fourth straight Day tuesday in heavy trading on buying that was sparked by the encouraging quarterly earnings led by ism propelling the Dow through 3,300 for the first time. Market update activity for the week of april 13-april 16,1992 port a slim profit in the first Quarter after six quarters in the red Ford motor followed rising i7/fc to 417/fc, As investors favored cyclical or stocks of companies that tend to do Well in an economic recovery. Ism was third gaining 2h to 88mt on better than first Quarter earnings. Volume of nose listed issues including trades in stocks on regional exchanges and in the Over the counter Market totalled 1,007,981,440 shares compared with 1,281,635,610 traded in the previous session and 1,243,055,400 a year ago. On the american Stock Exchange the amex Market value Index gained 4.63 Points for the week and closed at 392.64, Alting a six Wick losing Streak. Advances topped declines 439-352 among the 1,016 issues traded for the week. Amex volume totalled 60,244,920, compared with 73,625,550 shares a week earlier and with 71,698,675 in the same week a year ago. Highest close 3,366.50 thur. Weeks High 3,387.97 thur. Lowest close 3,269.90 Mon weeks Low 3,230.77 Mon. Weeks change up 111.13 apis As the Dow surged 36.23 to 3,306.13, surpassing the record High close of 3,290.25 set on March 3. Stocks scored a five Day rally in heavy trading wednesday on the strength of another string of encouraging quarterly earnings boosting the Dow to another record High. The Dow surged 47.63 to 3,353.76, erasing tuesdays record close. Stocks closed narrowly mixed in Choppy trading thursday with the Dow setting another record High and the Broad Market lagging behind As Many investors took profits following a five Day Advance. The Dow Rose an additional 12.74 to 3,366.50 for its third straight record close in the Holiday shortened week. On the trading floor last week Gener Al motors topped the big Board actives jumping 35a to 42v4. The Wall Street journal reported Friday that some optimistic management projections suggest that the no. 1 . Automaker could re new York Exchange new York opt York Stock Exchange Stock the 15 most Active stocks in new composite trading on Sale last thursday. Net a till. General motors 5,143,400 42 up2w Bristol Myersq 3,299,800 75v6 off 2 Archer Daniels 3,101,800 23mi Oft a at4t company 2,641,600 421k unch Ford motor co 2,528.400 4va up 1 Exxon corp 2,228,600 58vi off v. Up 1 Gen electric 2.146.300 79 Philip Morris Conti Bank corp 2,122.000 78 off a a 2,118,700 17vk off it Glaxo holdings 2,110,600 27 a off 1 Vuk ism corp Dupont 4 co 2,063,000 a flak up a 2.040,900 50 i up a Banc one corp 2,006,400 43vk. Oil 1 a Amer express co 1,887,100 23 up a Chrysler corp 1,831,900 18 a up american Exchange new York Upo american Stock exons the 10 most Active stocks in Inge composite trading thursday. Stock set Lett net chg Chambers Dev a 751.200 % a up Voneita Industry 653,600 iriv off h heritage Media Wang labs inc 8 626,300 10 on a 567,000 5vk unch fruit of loom 546 400 v a off v Hill Aven corp 517,700 2h off a Forest labs inc 454,300 32 a off 1 w Americus desc 402.000 8 up a a Echo Bey mines 331.800 5 a up Vuk amen Cus get so 317.900 9vt up Vuk Dow Jones new York up of Jone to ski rang of avenge thus Ruy 30 Industry Tel 20 transport til Hwi 63 stocks 141030 Tom 1203 41 in 3321 33 1374 44 206 69 1176 01 Cimi 3366 60 1396 86 21013 1196 42 Otom up 12 74 l4>1 12 up 2 32 up 4 62
