European Stars and Stripes (Newspaper) - May 10, 1992, Darmstadt, Hesse                                Dollar watch sunday May 10, 1992 the stars and stripes a Page 17 shown below Are the highest Dollar Exchange rates for the week of May 3-9 compared with Dollar rates for the same period one year and five years ago. German Mark one Dollar would buy you 1.62 1 69 1 77 1662 l 1991 l 1967 i a military Exchange rat British poured one Pound would Cost you 1.78 1.69 1-67 1992 i j99lj 1987 belgian franc one Dollar would buy you 33.81 35.87 37.40 1992 l 1991 l 1987 dutch Guilder one Dollar would buy you 1.85 1,96 202 1982 i 1991 i 1987 a a a a a a a a Mimm French franc one Dollar would buy you 5 50 5.89 5.95 1992 1991 1987greek drachma one Dollar would buy you 193.31 189.12 1992 1991 132.50 1987 italian lira one Dollar would buy you 1,238 1,291 1,295 1992 i 1991 i 1987 Amasa Kaaa a a a a a a a Spanish peseta one Dollar would buy you 103.38 107.37 124.90 w i Jujj 1887 i turkish lira one Dollar would buy you 6,645 Money matters Al Cio s operation rebirth to focus on helping riot areas los Angeles up the head of the Al Cion a housing investment Trust has pledged $75 million to help rebuild devastated riot areas and reverse the flow of investment from inner cities saying the Trust will focus first on supermarkets. A we Are continuing to see disinvestment in the cities of this nation Quot said Steven Coyle chief executive officer of the unions Trust. A but we can Send a message that tells others that they can invest in those  Coyle said the Loans by the giant labor unions Trust fund which makes More than $300 million in Loans annually would be placed on a a fast track process. The first projects will be the rebuilding of the dozens of supermarkets gutted by arsonists and looters with the aim of getting services Back into South Central los Angeles and Union members Back to work. County officials said last week that As Many As 40,000 workers have lost their jobs As a result of riot damage and that 11,000 of those jobs could disappear permanently. Trusts largest allocation to a single area Topping the $50 million it pledged last year for rebuilding after the Oakland fires. The $75 million pledge a dubbed operation rebirth a is also the largest single private Promise of funding to help rebuild after the riots. The Bush administration has pledged $300 million in Loans through the Small business administration and $300 million in Grants through the Federal emergency management Agency the. Neglect of a decade its catching up to us Al Cio official Steven Coyle Coyle predicted that construction id begin by late summer. Reopening of businesses could come four to eight could begin by late summer. Months later he said. A the underlying conditions that contributed to the unrest Are All Over this country a Coyle said. A against that tide these kind of projects Send out Ripples of  the Trust fund announced last week that it would provide $75 million to rebuilding los Angeles riot areas. The pledge is the seven disaster assistance centers to receive applications for Federal funds were opened Friday morning most of them in riot areas. The Al Cio had not disclosed details of How the $75 million would be used until a news conference at los Angeles county Al Cio Headquarters located a few feet away from a burned out paint store. Damage from arson and vandalism in the riots sparked by the acquittals of four Whites m the videotaped police beating of Black Motorist Rodney g. King Are expected to top $1 billion. Early estimates place the amount of lost business from the tour nights of dusk to Dawn curfews at $1 billion and $500 million from Job losses. Carmine Palazzo vice president of the International Alliance of theatrical stage employees said shutdowns in movie productions have thrown 10,000 Craft Union members out of work. The labor leaders said the Domestic policies of the Bush and Reagan administrations were largely to blame for the conditions that led to the riots which left at least 53 people dead. A the neglect of a decade is catching up to us a Coyle said. Marlin Fitzwater president Bush a spokesman said last week that the chief cause of the riots stemmed from conditions created by government funded anti poverty programs created in the 1960s and 1970s. A since 1980, the administration has been totally derelict in providing things that make for a Good America a said William Robertson executive Secretary of the los Angeles county federation of labor. More Federal funds should be used for infrastructure improvements such As repair of Bridges and highways he said. Robertson said the federation is expecting to receive up to $500,000 in contributions from Union members for emergency assistance including a $100,000 contribution from the United Auto workers. Circuit City stores inc. Announced Friday it had reopened its three los Angeles stores that were  Street rides roller coasters amps new York up Wall Street gave an encore of what it did two weeks ago a climbing one Day and falling the next Only this time it ended on the upswing. The Stock Market started out the week with a rally that propelled the Dow to a record High. John Blair senior vice president and head of trading at county Nat West securities Usa said the return of Calm in los Angeles and other cities Over the weekend helped investors recover from May los jitters Over the spread of unrest. A people were Overly cautious on May 1uncertain of what would happen Over the weekend a he said. But the next Day the Market gave Back part of what it gained monday As investors opted to take profits. A we have the usual sequence whenever the Dow makes a new High the following Day we see some correction or consolidation a said Lehman Brothers inc. Analyst Newton Zinder. Stocks made a slight recovery the following Day slipped Back the next and then came Back at weeks end As the Market reacted to the quarterly refunding worried Over a key jobs report and Rode on the Back of a Bond rally. For the week the Dow Jones Industrial average jumped 1 percent or 33.32 Points to close at 3,369.41. Among the Broad Market indexes the new York Stock Exchange composite Index Rose 2.00 to end the week at 229.20, and the Standard amp poor a 500 Index climbed 3.52 to 416.05. Advancing issues outnumbered decliners 1,312-754 among the 2,367 issues traded last week. Weekly big Board volume totalled 908,566,600 shares Down from 965,777,890 traded a week earlier but up from 790,335,520 in the same week a year ago. A Broad Stock Market rally boosted the Dow to a record close in moderate trading monday As Calm returned in los Angeles allaying investors fears the riots would spread to new York and other cities. The Dow surged 42.04 to 3,378.13, eclipsing the All time closing High of 3,366.50 set april 16. The surge triggered the new York Stock exchanges a Dow stick Rule a which restricts program buying when the Dow climbed More than 50 Points around 1 30 . Stocks closed mixed in Active but cautious trading tuesday after a late wave of computer driven sell programs combined with profit taking to pull the Dow from its record level. The Dow retreated 18.78 to 3,359.35. The secondary markets did better than the big Board with stocks traded on the american Stock Exchange and the Over the counter Market posting modest gains. Stocks posted modest gains in Active but cautious trading wednesday. The Dow advanced 10.06 to 3,369.41. Stocks slipped in cautious trading thursday As investors worried Over fridays key jobs report. The Dow fell Back 6.04 to 3,363.37. Stocks posted modest gains in sluggish and Choppy trading Friday As the Market took its Cue from Bonds which tumbled Early and then rallied despite a stronger than expected report on april unemployment or7.2 percent. The Dow regained 6.04, exactly the same amount it Tost thursday to end the week at 3,369.41. On the trading floor last week Glaxo holdings again topped the big Board actives climbing 2va to 27%. The financial weekly Barrons National business and financial weekly carried an article that was bullish on some drug companies including United kingdom based Glaxo arid major . Drug maker Merck amp co., which climbed 3% to 147vi following the news and closed up a to 148v4 Friday. Ism followed rising 2vi to 93vfe. An article in Barrons was bullish on the giant computer maker. On the american Stock Exchange the amex Market value Index ended unchanged Friday at 394.12, but gained 4.34 Points for the week. Advances led declines 469-378 among the 1,043 issues traded for the week. Amex volume totalled 73,244,390, compared with 63,599,175 shares a week earlier and with 55,387,645 in the same week a year ago. The National association of securities dealers composite Index Slid 1.40 to end the week at 585.76, but gained 7.62 Points for the  York Exchange ice York up York Slock Exchange Stock global Maint Chut Manhattan Platlan danc storage techno Hanson Pic Mac corp Amor else Power Boeing co Glaxo holdings Filp Morris pm corp Bakar Hughes nocal corp general motor Uzi Boma composite trading on Friday lain last Nat chg. 2,350.900 1 a a up v9 2,110,700 29 a up 49 1.949,200 17 49 up 5 a Oft 7 a 1,849,400 39 i 1,837,000 21 49 up a 1,719,700 29 v9 up 49 1,684,500 31 i off i 1,532,600 44 v9 unch 1,489,900 27 a a up 49 t.458,600 78 off f 1,424,200 93 a off 99 1,405,700 22 it up 49 1,289,200 28 a up i 1,272,600 39 it a up 49 1,128,100 37 49 up 2 v9 american Exchange new York up a the Tan mod Active Ito Clu in american Stock Exchange compote trading Friday. Smi Sam last Natch. Chambart Dev a 823,000 7v9 up i nature Induddi 595,600 7 up v9 Arnari Cua gear 435,300 7v4 up 49 off 99 on a hangar Tofu  408,900 313,700 7 49 2 a us a Lacianca 308.800 13 off 49 monay store inc Echo say mews 278,700 14 49 up 1 v9 287,100 6 v9 up ind Corona 223,100 3 49 up 1-18 dog corp 197,800 10 v9 off v9 q. O a Jones non York up Dow Janet a toiling in of at averages Friday 30 industrials 20 transport 15 ulpts 65 stocks 33612 1412 74 214 63 1207 19 Lew 3344 59 1364 72 21162 1189 14 class 3369 41 1399 66 214 01 1199 58 cd alas 16 04 up 4 87 up 0 56 up 2 62