European Stars and Stripes (Newspaper) - October 31, 1993, Darmstadt, Hesse                                Page 16 the stars and stripes Money matters sunday october 31,1993 Dollar watch shown below Are the highest Dollar Exchange rates for the week of oct. 25-29 compared with Dollar rates for the same period one year and five years ago. German Mark one Dollar would buy you 1.641.77 1993tmmmm military Exchange rate British Pound one Pound would Cost you Psi 15s. 1993 i 1992 i 1988 i 36.40 1993 i belgian franc one Dollar would buy you 37.85 31.62 dutch Guilder one Dollar would buy you 2.02 French franc one Dollar would buy you 5.88 5.22 greek drachma one Dollar would buy you 235.20 190.75 147 55 1993 i italian lira one Dollar would buy you 1,638 i 1,344 19931 Spanish peseta one Dollar would buy you 3440 118.35 i 109.10 i 1993 i 1992 i 1988 turkish lira one Dollar would buy you 12,970 7,836 1993 1992 1,682 1988 growth of persons income he hints at Good holi sales Washington a americans personal income in september Rose a modest 0.2 percent building on a Strong increase in August the government said saturday. The Back to Back increases which brought personal income to a seasonally adjusted annual rate of $5.44 trillion was Likely to be taken As a Good sign by analysts for retailers All important Holiday shopping season. Consumer spending had been fitful Early this year but it now has increased for six consecutive months rising 0.3 per cent in september to a seasonally adjusted annual rate of $4.43 trillion after an identical gain in August. Consumer spending represents roughly two thirds of All economic activity and analysts warn it will not Rise consistently unless income and Job growth can be sustained. Incomes had shot up 1.3 percent in August with about half the increase rep resenting a rebound from july when flooding in the Midwest and drought in the Southeast pushed incomes Down by 0.3 percent. Both the spending and income gains were in line with economists predictions. The combination last month of spend ing gains slightly outpacing income growth produced a slight drop in Ameri cans savings rate savings As a percent age of after Tare income to 4 percent. That was Down from 4.1 percent in a gust but up from 3.1 percent in july. The most watched component of in come wages and salaries slipped 0.1 percent in september after a Strong of percent gain in August. Farmers and business owners income also increased in september As did trans Fer payments such As unemployment benefits and interest income. Real disposable income inflation adjusted income after taxes edged 0.1 percent higher after a 1.2 percent surge in August. Consumer spending meanwhile was Flat for Long lasting durable goods such As autos and appliances. But it Rose 0.6 percent for nondurable goods and 0.3 percent for services. Strong economic earnings reports Send stocks soaring to record highs new York up the Dow Jones Industrial average set two record highs and even flirted with the 3700 Mark last week As Wall Street rallied on a Stream of encouraging economic and earnings news. Nearly All week Long Wall Street welcomed the Parade of positive economic re ports. The sole exception was tuesday when the conference Board a private business research organization reported that consumer Confidence in the . Econ omy plummeted during october after improving in september. Topping the Batch of upbeat economic. News was thursday s report on the nation s Gross Domestic product in the third Quarter. The Gap report was extraordinarily Good said Hugh Johnson head of the in vestment policy committee at first Albany corp. In Albany . He said stocks rallied and Bonds recovered from initial weakness because both markets got Good news from the report. He said the Gap numbers conveyed that the Economy was growing at a Moder ate Pace with very Little inflation. The news started the Ball  Johnson pointed put that if the Gap re port had not been inflation free Bonds would not have recovered and that would have held the Stock Market rally in  stocks also improved on Good earnings news from Auto and airline companies the analyst added. Joseph Barthel director of investment silts 5,478,200 3,881,900 3,630,500 3,530,600 3,528,100 3,262,500 2,520,800 2.451.100 2.269.400 2,200,300 2,195,800 2,195,300 2.155,300 2.100,700 2,032,500 Utt 5% 47h 1tt54% 62tt 19v 36% 61k 585432v4 27% 32 i 4