European Stars and Stripes (Newspaper) - January 31, 1993, Darmstadt, Hesse                                Sunday january 31, 1993 Money matters the stars and stripes d Pnno 17 show i below Are the highest Dollar Exchange rates for the week of Jan. 25-29 compared with Dollar rates for the same period one year and five years ago. One Dollar would buy you 1.57 1.57 166 1993 l 1992 1998 l a military Exchange rate Britten Ploumi 155 i i 1993 i 1992 i 1988 i one Pound would Cost you 178 1.77 a ttys. 33.01 one Dollar would buy you 35.12 33.12 j22j 1988 one Dollar would buy you 1.76 1-81 1,88 1993 i 1992 i 1988 i Leemena hmm one Dollar would buy you 5.44 5.49 5.64 1993 1992 1988 186.00 i 133.55 1993 1992 i 1988 one Dollar would buy you 1,481. 1,214 1.231 jul 1991 198jj one Dollar would buy you 113.90 101 82 113.45 one Dollar would buy you 8,738 5,474 1993 1992 1,113 1988 analysts sceptical of Market encouraging indicators new York a whatever its merits in predicting the Stock Market Wall Street s january barometer this year demonstrated an ability to put on a sus Pense filled performance. Indeed the verdict it supposedly provides on the Outlook for Stock prices through the next 11 months or so Wasny to rendered until the final moments on Friday the last business Day of the month. The Dow Jones average of 30 Industrial stocks the oldest and Best known Market indicator emerged from the session clinging to a net gain of 8.92 Points since new years. Thus it joined most of the other broader Market indicators which fared better than the Dow average for much of the month in pointing in a positive direction. A was january goes so goes the rest of the year a declares Yale Hirsch an old Tappan n.j., investment adviser who has been reporting on the subject for the past 25 years. A since 1950, no other indicator has predicted the annual course of the Market with such  but even with a Happy ending some other observers found the Story not so convincing this time around. Quot the Stock markets action so far in 1993 shows Little definitive trend a observed analysts at Wright investors service in a commentary published a few Days before the end of the trading month. Quot even for Stock Market investors who accept the notion of the january forecast there is no indication of a reliable 1993 forecast on the basis of what the Market has done so far this  to achieve its plus Reading for january the Dow Jones Industrial average needed just about All of a 53.22-Point gain it posted in the past week to 3,310.03. Meanwhile the Nash a composite Index for the Over the counter Market which has been setting record highs All month slipped Back 5.29 to 696.34. At the american Stock Exchange the Market value Index was up 4.72 at 411.08. Amelco Boss Steps Down new York apr amid mounting pressure from shareholders and directors James d. Robinson Iii has resigned As chairman of american express co., the company confirmed saturday. Robinson submitted a letter of resignation Friday just Days after he mounted a successful counter coup against his Board to remain atop the financial services company. Robinson 57, had led american express for 15 years. Last week he successfully reversed Board plans by remaining As chairman gaining increased authority As head of the company a Scarson Lehman Brothers brokerage unit and having his handpicked successor Harvey Golub named chief executive despite some Board opposition. But three Board members resigned to protest Robinsons remaining chairman of american express the nation s second biggest financial services company. The company a Stock Price fell sharply in response to the move which was announced monday. The company said the resignation includes his duties As chairman of american express and chairman and chief executive of Scarson which has been struggling. C new York Exchange new York if  in 15 must to five stocks in ii York Stock Exchange composite trading on Friday stack sates Tail Nat Chi. Motorola inc 13,291,700 51 off 4% Amer re corp 0.024,300 37  scientific All 5,190,100 24% of Myk Tele Lonos de a 3,365,100 523 up vibe corp 2,901,500 51% up 1% Amer express co 2,063,200 23% up % Compaq computer 2,179,400 51% off 1 Merck a co inc 2,125,600 404 off % Pinnacle West 2,0/9,500 20% up Tucson elec per 2,059,200 3% line it at at company 2,029,400 52% off v. Send la March 1,957,500 in up % i just resources 1,054,600 16% up a compute Rvl Slon 1,022,600 6% up % Bristol Myersq 1,799,300 59 a up a american Exchange new York Jet a the 10 most Active stocks in american Slock Exchange composite trading Frida Slock. Safa lad Hal chg Wang labs inc b 4,171,000 m up 3-tft Ekset b it 94 1,000.00 7v lip Vul Michael a Jewler 951,000 3 a off expo rate co la 720,300 1 1-16 up % Elsinore corp 697,600 2v, up v. Amdahl corp 695,400 Ftp up 1 Royal Oak mines 623,500 1 11-16 up a Echo Bay mines 403,600 4\ up % Hill Haven corp 417.000 4 neb Ich corp 356.500 5% up 5-10 Dow Jones new York up a Dow Jones closing Range of it rages Friday High lev 3331,10 3207.06 Cloie change up 3/4 30 industrials 3310 03 20 transport 151649 1491.51 1500 42 up 947 15 utilities 227.15 224 34 m 59 up 1 50 65 stocks 123305 1215 62 1225 06 up 4 46 Mutual new York a the following  Tram Tho Noi anal association of securities dealers inc., Are tie prices at which these securities could have been sold net asset value or bought value plus sales charge Friday. Sell buy ctr. 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