European Stars and Stripes (Newspaper) - January 17, 1993, Darmstadt, Hesse                                Sunday january 17, 1993 i Money matters the stars and stripes a a Pago 17 Dollar watch shown below Are the highest Dollar Exchange rates Lor the week of Jan. 11-15 compared with Dollar rates for the same period one year and five years ago.,. / format Mark r. One Dollar would buy you 161. 1.53 1 64. 1�j. 1988 i 1968 i military Exchange rate by hash Pound  one Pound would Cost you 1.77 1.77 1.58 19ft j 1992 Jwj belgian franc one Dollar would buy you 33 60 32.35 34 68 i 1993j 1992 j 1988 a vex a dutch Guilder one Dollar would buy you i on. 1.88 180 1.79. 1993 i 1992 l 1988 hmm Ammom Mem Mem Hub he French Iran one Dollar would buy you 5.55 5.37 5.67 Jujj Creek drachma one Dollar would buy you 213.69 181.22 1993 i 1992 italian lira one Dollar would buy you 1,522. 1,185 1,215 j Ujj a Spanish peseta one Dollar would buy you i�75 100.15 113,12 Jurj one Dollar would buy you 8,721 b 5,275 1993 1992 1,069 1988 i Trade deficit leaps As exports fall inflation rate in six years Washington apr the . Trade deficit shot up to $7.59 billion in november As american exporters suffered declines in nearly All categories the government said Friday., but in brighter news the government reported that consumer inflation turned in its Best performance in six years while the operating rate for american Industry in december climbed to its highest level in 13 months. The labor department reported that the consumer Price Index for All of 1992 was up just 2.9 percent the smallest increase since a 1.1 percent Rise in 1986. The Small increase reflected the fact that the country a prolonged economic troubles have at least had the beneficial Side effect of keeping prices in Check. For december prices Rose a barely discernible 0,2 percent. The Federal Reserve reported Friday that the operating rate at american factories mines and utilities climbed to 79.3 percent of capacity its highest level since. November 1991. Industrial production was up 0.3 percent in december the third straight increase with much of the improvement accounted for by a 5 percent jump in output at Auto plants. While Domestic demand is rising economists arc concerned by the trend highlighted by the 5.1 percent jump  Trade deficit. A they Are worried that spreading economic weakness in America s major Export markets in Europe and Japan will make the deficit grow worse in coming months. November a deficit was up from a revised october deficit of $7.22 billion. The Commerce department blamed the increase on a 2.8 percent drop in exports that reflected declines in sales of american farm products especially soybeans and wheat and even bigger drops in sates of manufactured goods such As Telephone equipment and civilian aircraft. With one month remaining to be counted America s Trade deficit for 1992 already total $75.55 billion thus ensuring that the total deficit will surpass the 1991 imbalance of $65.40 billion. It will be the first year since 1987 that America has failed to record an in. Pro vement in its Trade imbalance. Economists predict even worse news in the years to come with Many expecting the 1993 deficit to once again top $100 billion and remain stuck at that level for the foreseeable future. Americans worsening Trade pc for. Mance which translates into lost jobs for . Workers will be one of the biggest economic challenges facing the new presidential administration of Bill Clinton. During the Campaign Clinton signalled that he planned to take a tougher bargaining approach with americans major trading partners including Japan and China in an Effort to remove barriers to the Sale of american products. Market moves higher despite tensions in Gulf new York up Wall Street survived the years first a double witching hours and took in stride renewed hostilities with Iraq nearly two years since the end of the persian Gulf War. The Stock Market braces itself every time the monthly expiration of Stock Index futures and options on the same Day come around. The event which Falls on a Friday and is popularly known As the double witching hour often causes gyrations in the Market and exaggerates volume. Quot nobody knows where the Market will swing when expiration come a said Eugene Peroni chief technical analyst at Janancy Montgomery Scott inc. In Philadelphia. 1 but this time he said the Market a Acx habited much resiliency by finishing on a firm note despite the  the Market rallied when the Gulf War began Jan. 17, 1991, propelling the Dow 114.60 Points a its second biggest one Day gain. On Friday stocks closed the week with slim gains in heavy but Choppy trading after a late round of computer guided sell programs pared Early gains prompted by buy programs tied to the double witching hour. The Dow added 3.24 to 3271.12. For the week the Dow Jones Industrial average a which dropped 1.5 percent or 49.44 Points the previous week arc bounded 0.60 percent or 19.45 Points. But the Over the counter Market powered by a rally in the technological sector closed out the week at record Levels. The transportation average also ended the week at a record High. On the trading floor Tucson electric Power paced the big Board actives gaining % to 2%, after Moody a investors service inc. Upgraded the credit ratings of the Utility following the completion of its financial restructuring plan. A Eastman Kodak followed jumping 6% to 48%. It was added to  a focus list ism was third gaining 1% to 48% on the strength of the technological sector. Among some of the Blue chips Merck lost % to 41%, general motors gained 1% to 34%, Philip Morris lost 1% to 72%, Citicorp climbed 2% to 23, at amp to gained 1% to 53%, coca cola gained 3 to 43%. Volume of nose listed issues including trades in stocks on regional exchanges and in the Over the counter Market totalled 1,592,594,127 shares compared with 1,602,535,170 traded during the previous week and 1,699,361,367 a year ago. On the american Stock Exchange the Macx Market value rebounded 7.81 to 403.65, advances led declines 482-333 among the 984 issues traded for the week amex volume totalled 79,998,365, compared with 83,350,655 shares a week car Lier and with 124,841,730 in the same week a year ago. Amdahl led the amex actives rising % to 7%. In Over the counter trading the National association of securities dealers composite Index jumped 19.94 Points to new York Exchange new York up the 15.most  in new China Yolk Stock Exchange composite trading on Friday. Stock Tucson Etc per general Mot on Uniss corp Weston ghost Al cd clip Merck i co inc ism corp at amp to company Glaxo holdings Coco cola co Philip Morris. Ford motor co Eastman Kodak digital equip it Chrysler corp tales 10,457.100 8.549.400 5,962,300 4,993 800 4.681.000 4.062.600 3.373.200 3.329.600 3.118.200 3.058.100 2.799.100 2.812.200 2,570,500 2.515.000 2.485.400 led 2h 34w 12 is 13v, 23 41v. 46v. 53v, 22v. 43v, 72v. 46 46h 40 36h Netcha. Up it up up Voltl up a Orv off up up w unch off 1 up Otto firm up 1w american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading Friday Hocks Al i till Nat in it fruit of loom Amdahl corp Mer Ditl comm Khz corp Cheyenne softer Royal Oak mines  set  up half Given corp he Koneci inc 740,600 644.000 449,700 431.000 414,400 412.000 339.300 295,500 289,900 284.300 45 7 10v, 4 34 Viv 3814 up h off a few up a unch unch up 2v� 115-18 up 5-18 3 514 up i up Dow Jones new York up Dow Jones dosing Range of a a rages Friday 30 industrials 20 transport 15 utilities 85 sucks 330oj nigh 10.03 Law Cist 3236.70 3271 12 1521.93 1467.26 150821 223.84 220.56 222.40 122585 1201.67 1214.73 Chang up 324 up 967 up 1-07 up 4.09 end the week at a record High 697,15. Microsoft led the Etc actives slipping 1% to 89% after Lehman Brothers Cut its rating on the software giant and reduced its full year earnings estimate citing concerns about fourth Quarter results. Mutual new York a the mowing quotations Tram it National association o securities dealers inc., be the prices m which these securities could hav been sold net asset value or bought value plus sates charge Friday. Ses i try Chi. 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Gig vap i grip Gieb p go sub p Gosca p gvt97 p Artia Gilb. Grinc p  p Hartis p a map Mun p a Cebu Macip Tif i p Toms p Tihy 12 80 12 60 04 517 549 02 518 518 03 10417 70 1263 1316 1264 12.64. 9 62 1021 01 926 01 8 87 9 57 10 77 1131 1121 9 77 931 1288 1367 15 10 1602 15 04 15 048 64 8 87 9 57 10 77 10 77 12 41 9 31 9 31 02 .01 .03 04 04 .02 .02 06 04 .04 6 26 657. 10 08 10 58 12 35 12 35 1237 13 12 11 37 11 94 9 79 10 26 1105 1160 03 03 03 02 03 02 Mutual Page 18