European Stars and Stripes (Newspaper) - May 1, 1994, Darmstadt, Hesse                                Page 22 the stars and Stripe Dollar watch shown below Are the highest Dollar exp Flange rates for the week of april 25-29 compared with Dollar rates for the same period one year and five years  Mark one Dollar would buy Yog 1.67 1.57 188 a Money matters sunday May 1,1994 1994 1993 1989 a military Exchange rat British Pound one Pound would Cost you 1.54 1.64 1 71 1994 1993 1989 belgian franc one Dollar would buy you 39.42 35.2433.23. 1994 l 1893 1 1989 i 1.92 1994 dutch Guilder one Dollar would buy you 2.11 1.79 1993 1989 French franc one Dollar would buy you 585 s.43 6,35 1994 greek drachma one Dollar would buy you 24464 211.90 159.25 1994 1993 italian lira 1989 one Dollar would buy you 1.534 1,537 1,375 1993 Spanish peseta one Dollar would buy you 139.38 117.10 116.15 1994 turkish lira one Dollar would buy you 35,000 1994 9,638 1993 2,072 1989 of r d in Lump Detroit apr Ford motor co reported a 58 percent gain in first Quarter earnings Friday rounding out a sharply improved performance for the big three. The results of Ford general motors corp. And Chrysler corp. Reflected a Broad demand by Consumers who so far seem unfazed by the Prospect that financing a cat could get costlier As interest rates Rise. A a a v a a a we expect to see further Quot growth in the . And european economies and further growth in car and truck sales a new York a the term a a stagflation went out of Vogue with mood rings and water Beds but it has been crossing the lips of some Stock Market analysts a a a a a a. \ a a a concocted in the mid-1970s, stagflation describes an Economy simultaneously plagued by inflation and stagnant growth. It resurfaced in the markets Jedi con this past week. The reason is the evidence from eco. Nomic reports that suggested growth cooled in the first three months of the year from its torrid Pace last fall even while prices have continued to Rise. The thinking goes something like this if the economic recovery is really in trouble consumer spending will go Down and companies sales will suffer. At the very time that sales drop corporate costs will go up. \ a a a a the two factors together could menace corporate profits and ultimately Stock prices. V a. A a a \. Already by Friday afternoon the mar a ctr a concerns appeared to have abated since stocks posted moderate gains despite a drop in Bond prices that pushed new York a tin fool cd ing quod com from Tho a National Assoc radon of securities Ejea Lere inc. Are the prices at which these securities could have been sold net a asset value or Boug Tri value pies sates charge Friday. A. Sell buy a Jug. A amps my Mutual band Cage it Quot a a Wald p Sci Cost a util  Bals amp a. A car Minim Quot gits no a who by to Ted ast funds pm rep Aal i. Flt Gudop a Utilla p a Al Goa aha funds Bala full Lorn aim fund and Jav p. Agr sep Balas Chart p cons p Gosc p. Of cml a a flt p 1i a n. 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Go tap Gorib p Govic p Glinc p Gwi if Glt if p Guti Al t a Gran top Giina Al Inma p i numb  p Infra p or Gap 9.14 9.1416.49 15.49 8.93 8.9312 27 1?7-r a 9.26 9.20- 20.14 20.14 to 54 no 8.57 Al a 9.60 hl-40.25 10.25 10.76 my 20.31 20 31 11.62 11.62 1199 11.99 21.67 21.67 .03 04 .04 6.49 6.78 13.36 13.05 14.31 14.31 12.79 13.36 .06 10.47 10.47 .01 12.79 12.79 .06 12.79 12.79 .06 16.53 17.26 .04 11.33 11.63 .04 7.90 0.337.93 7.98-� 7.907.902 31 2.41 20 20 20 20 23.83 24.95 20 27 20 27 2.30 2.30 11-65 11 65 said Fords treasurer David n. Occam Mon. A the last Auto Industry growth Cycle lasted seven years we re Only three years into this one a Ford said it earned $904 million or $1.66 per share for the year s first three months compared with $572 million or $.1.02 per share in the same Quarter of 1993. Revenues Rose 13.4 percent from a year ago to $30.4 billion. General motors reported an $853 million first Quarter profit thursday. The previous week Chrysler reported $938 million in earnings. The combined profits for the three companies were the highest  first Quarter of 1989, when they earned $3,5 billion Mccammon said he Wasny to concerned about the recent fisc in interest rates. The Federal Reserve started pushing up the Cost of borrowing in Early february. A they re still very Low compared with any historical measure a he said adding that he also does no to expect the state of. The Economy to prompt drastic actions by the fed. Ford s performance was pegged to a Strong improvement in profits from its . Automotive business. = 10.50 fit .01 .22 .07 .10 .16 01 01 .01 .01 .14 .16 .13 .02 .03 a Navall i fall a i Una via 10.15 18 56�? 02 6,57 8.55, i0i interest Rales higher the Dow Jones Industrial average of Blue Chip issues Rose 13.38 on Friday to 3681.69, adding 33.01 for the week but a 31-Point drop in the Dow average thursday put a scare into the Market that cause analysts to question Evert Quot More carefully than Ever whether economic growth is really slowing and whether prices afe really going up. Many said Friday that the answer to both questions is a yes a but Only in manageable amounts. The culprit in the Stock sell off thursday was a Commerce department report showing that the nations Gross Domestic product the sum of All of the goods and services produced grew at an annualized Rale of just 2.6 percent in the first three month s of the Acari that is dramatically lower than the 7 percent growth the Economy tallied in the fourth Quarter of 1993. Consumer spending also stowed rising 3,8 percent in the first Quarter compared with 4.4 percent in the previous  numbers indicated  Economy is indeed tapping on the brakes. Truck strike / vote slated Washington a truckers and loading Dock workers began removing picket lines after the leadership of the teamsters voted to suspend a nationwide trucking strike that began three weeks ago. About -100 leaders of teamsters freight locals across the country agreed to put a tentative contract agreement to a rank and file vote but they declined to make a recommendation on whether it should be approved. Teamsters president Ron Carey urged members to ratify the agreement saying it would increase wages benefits and Job Security. A a i think its a fair contract a he told reporters Friday. 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