European Stars and Stripes (Newspaper) - July 3, 1994, Darmstadt, Hesse                                Page 20 the stars and stripes Mutual sunday july 3, 1994 Dollar watch shown below Are the. Highest Dollar Exchange rates for the week of june 27 july 1 compared with Dollar rates for the same period one year and five years ago. One Dollar would buy you 1.94 11.56 t.67 1994 i 1993. Quot military Exchange rate 1989 British Pound one Pound would Cost you 1 59 1.53 1.56 1994 i 1993 1989 belgian franc one Dollar would buy you 41.17 32.80 34.95 1994 1993 1989 of Titch Guilder a 1.74 one Dollar would buy you 2.21 1.87 one Dollar would buy you _ 6.67 a a 5.7$. One Dollar would buy you 234.58 226.36 1994 1993 169.30 1989 Ditatta Riim one Dollar Wouita Puy you 1584 1,553 h. V Asp Nis peseta one Doi a would Duy you 131.86 131.25 >994 1993 124.90 1989 one Dollar would Ouy you-31,000 1994 10879 1993 1 2,141 1989companies Likely to Post earnings for 2nd Quarter by Patricia  map business writer new York a healthy second qua a Ler profits arc expected for . Companies but the Impact of Strong earnings on the Stock Market May be  analysts believe the. Reports will be positive although higher interest rates and a weak Dollar will make year Over year comparisons not As attractive As the previous two quarters. ,. The Dow Jones Industrial average was rocked again last week by the Dollar Slid my 42 Points on thursday but it Rose 21.69 Points Friday to close at 3>646.65, up 9.71 for the  despite the Roar from the currency and credit markets and quietude of the earnings front we believe that the Oue. Look for earnings and the equity markets continued to improve this month a Richard Pucci an analyst at ibes inc., wrote in  said in a Telephone interview Friday that . Companies continued to Benefit from downsized operations in the second Quarter As Well As increased productivity and Overall improvements in the Economy. They also have been Able to increase unit sales and Ratchet prices up a bib All of this should help them in reporting solid profits. A. To be sure there will be a few disappointments and these will be met with the same slash and Burn strategy the Stock Market used at the end of the first Quarter. A they will take you out behind the woodshed and shoot you for reporting lower than expected earnings said John Shaughnessy research director at advert a inc. But Shaughnessy and others do not expect Many downbeat stories. Ibes which tracks analysts earnings projections said that Domestic companies that it follows analysts Are forecasting an average. 13.5 percent increase in year Over year profits. Profits at the Standard amp poor a 500 companies c american Exchange new York a sales dosing Price and not change \ of the 10 Mast Active american Slock Exchange issues trading if Natly Friday. Name. A volume Laii chg. F it Jeff 5. 1.058.600 8 4 Yak exp Orla a. A 819,600 1-t Ucb. Viacom b to 728,400. .31 Vit a. Amdahl a a 704,900. 544 44 Bethwell a. 423,900 416 a a 5pdr 406,900 44 97164 3-32 a wac third a a. 351,100 13 via Viacom wic a. A 348,000 a 112 1/16 Echo Bay a a. 321,800 10 Yew Alan 304,600 34v 41 Dow Jones. Mew York apr Dow Jones closing fangs of aver a Ages in Friday. R High Low clots change 30  3675.70 3611.04 3646.65 up 2t.60 �0 tra.5p0rt a a 1621.50 1590.63 1610.47 u&h.73 a 15 la Jilies a 170.15 176.58 173.22 up  65 stocks -1287.61 1264.b9 .1273 36 a up 0.02 r new York Exchange new York apr sales tie 15 most Active new York nationally Friday. Nam a a ism circus. Ult Csc 5 a Geneice s coca cola. Compaq  s. Merck Abb Oneaus a Walmart a and a a Mcdonalds Disney. A a Telma ads Philip morals 4  Price and net change of Stock Exchange issues Basing volume 3.713,100 3.205.700 2,017,200 .1,914,600 1.846.600 1.823.200 1.741,200. 1.704.500 1.608,800 1.593.500 �1,512.000 1.454.600 1.389.200 1.334.200 1,314,400 till 57 25vk 464k 41h 3244 4444 2944 29 >4 a 24k 26 29 w 4214. 554k 52 chg in. 44k 44 a 44 .1 4. 44 4 v. A 4 4k 4 w 4 44 4 1 4k 4k i i should be up 11.7 percent ibes said. Earnings should Rise 11 to 12 percent in 1994 and 1995, compared with a 16 percent increase in 1993 and a 12 percent Rise in 1992, Pucci said de Ken an ibes spokesman said analysts typically Start out the year optimistic about earnings then Cut estimates about 1 percent per month As the year progresses. In a typical year that would mean a 6 percent reduction by july 1, but this year in a show of widespread optimism analysts have lowered their estimates Only about 2 percent icon said. Ibes is expecting Sharp gains in second Quarter earnings at savings and Loans non ferrous metals companies computer and computer related companies Auto and steel companies and air Quot lines. A  / industries that ibes does not expect to do Well include investment companies Oil trucking and defense concerns clothing makers insurance and drug companies. A. Rising commodity prices should boost earnings at chemical and Copper companies said Eugene Peroni technical analyst at Janney. Montgomery Scott in Philadelphia who also sees strength in technology and electronic parts compar Nies. A Quot a a Pucci wrote that the Rosy earnings reports should a do the heavy lifting needed to sustain this Bull Market in  Lawrence Helfand manager of retail sales at Rodman amp Renshaw inc. In Chicago said a i think everybody knows that the second Quarter earnings Wilt be.  but for the last several years relatively Low interest rates have bolstered earnings during periods when business was not that Good Helfand said. The Challenge before companies right now is to produce Good earnings As business conditions improve and interest rates Rise along with them he said. A on Friday the Nyser a composite Index Rose 1.18 to 246.34, up 1.79 for the week. The american Stock exchanges Market value Index Rose 0.64 to 424.72, Down 1.58 for the week. It the Nash a composite Rose 0.89 to 706.85, up 13.06 for the week. The Standard amp poor a 500 composite Rose 1.93 to 446.20, up 3.40 for the week. The Wilshire associates equity Index which is the Market value of nose american and Nash a issues ended the week at $4.41 trillion up $39.81 billion from last week. A year ago the Index stood at s4.42 trillion. 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