European Stars and Stripes (Newspaper) - July 10, 1994, Darmstadt, Hesse                                Page 20 the stars and stripes Money matters sunday july 10,1994 Dollar watch shown below Are the highest Dollar Exchange fates for the week of july 4-8 compared with Dollar rates for the same  year and five years ago. German mark4 one Dollar would buy you 1.56 a a 193 1.68 1w4 i 1993 a military of Catiang rats 1989 British Pound one Pound would Cost you 1.57 1994 1.52 1993 1.58 1989 belgian franc one Dollar would buy you a 4055 32.69 35.35 1989 dutch Guilder 1.91 one Dollar would buy you 1.75217 1989 1994 1993 French franc 5.49 one Dollar would buy you 6.57 5.62 1994 1993 greek drachma one Dollar would buy you 23517 226.28 166.20 italian lira one Dollar would buy you 1,600 i i 1,578 1,403 1994 Spanish reset one Dollar would buy you 132.46 131.85 122.60 1994 1993 turkish lira 1989 one Dollar would buy you 31,000 1994 11,074 1993 2,131 1989 uncertainties May keep Stock Market on Seesaw by Marybeth Nibley a business writer new York a think Back to january when the Stock Market repeatedly reached new highs with a galloping Dow Jones Industrial average poised to pass the Bull Market Milepost of 4,000. Now fast Forward to the present. The. Market entered the second half of 1994 mired in the same Choppy trading pattern that frustrated investors for most of the first half of the year. Market strategists say stockholders hoping the situation will improve in the near future will be disappointed worries about the Economy interest rates inflation the Dollar and How government authorities will Cope continue to bedevil Wall Street As they have for months. Last week the financial markets displayed All the familiar fears. If the Way stocks fared during the Holiday shortened week is any guide the Market May be destined to meander through a difficult period. Quot the second half remains filled with uncertainties a observed William Dodge chief investment strategist at Dean Witter Reynolds inc. Quot the message for the summer is this Market Isnit going to go much of  Foremost among the forces restraining stocks Over the past week was the meeting of Federal Reserve monetary policymakers. Even though the Federal open Market committee concluded its two Day session without announcing a interest rate increase the markets weren to Content. A consensus seemed to form that the Central Bank merely postponed the inevitable by sticking to its current credit course and indefinitely deferring the fifth rate increase of the year. I surprisingly Strong payroll growth revealed in june a employment report Friday supported the View that the fed must follow up its four previous increases in Short term rates with an additional one according to some analysts. Charles Lieberman director of financial markets research at chemical Bank new York a the mow ing a quotations from the Nal anal association o securities dealers. Inc. Are the prices at which these securities could have teen sold net asset value or bought Alful plus sales charge Friday. 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A taxer a to select Antra Aslaner 8.93 8.9315.95 15.95 8.73 8.73�? 12.17 12.179.22 9.22 .03 18.93 18.93 .05 10.37 10 37 9.66 9.6810.71 10.71 11.20 11.20 9.25 9.25 new York Exchange a new York a safes the 15 most Active new York 4 . Price and twi Diange of Slock Exchange issues trading nationally Friday. Niimi Valam Chi Cli. Fan motor s a 4.255.3d0 3dh i Penney pc &Quot.3.019,500 49vl Chrysler i a a 2.568 ,70q 481 i ism Quot a a a ,2.315,400 to 1 pm cup 2,250,200 a a 14 w Dlag Nosalek. 2.210,700 17w �?4h Walmart 2,092,800 24h 44 Micron Eclis 2,000,900 36vs i Compaq s a a 1.955,500. 33 r4 a air Ozone s 1,953,600 2334 Villi logic. 1,901,300 28u m Nevada pm a 1.031,400 19h a Merck 1.793,800 29 a a Pepsico -1,731, boo. 30w Vuk Gen motors. 1,681,300 5114 14 said that judging by the rapid rate at which the Economy created new jobs in june the expansion has become excessive. A. A. Quot the feds credibility As air inflation fighting institution will be at risk if it fails to act vigorously to slow growth to a sustainable no inflationary Pace a Lieberman said. Quot substantial interest rate increases Are still in store for the balance of 1994, with additional increases very Likely to follow in 1995.�?� in the View of Lieberman and others the dollars decline against the japanese yen and to a lesser extent against the German Mark makes the need for fed action urgent. But so far the fed does no to seem swayed  slumping Dollar the weak Dollar is troubling for financial markets because it could curb foreign appetites for . Assets. A prolonged decline could induce investors to shun . Dollar denominated investments in favor of higher returning foreign holdings. When the flow of Money into the markets slows Stock and Bond prices generally fall. The markets May have to continue playing a wait and see game As far As interest rates inflation and the Dollar Are concerned. The fabled summer rally probably came and went before the fourth of july so investors can to even count on any fireworks for seasonal reasons. Quot i think this is a Market  the end Mutual .07 .07 .02 .04 10.38 8.q7 no no .01 ,04 .04 .06 .01 .01 .01 Bop g aft. 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Echo Bay a atari sates closing Price and not change american Stock Exchange issues Trad Vot Umi 1,058,600 819,600 .728,400 704.900 423.900 406.900 44 351,100 348,000 321,800 304.600 lilt chg. 844 44 144 unch. 3144 i 544 14 444 44 9/16 3-3? 13 v4 144 1/16 10y4 v4 3v4 44 a Dow Jones l new York apr opt Janes closing Range of averages on Friday a a a a a. High Low Coit China 30 industrials a 3675.79 3611,04 3646.65 up 21.69 20 transport 1621.50 1590.83 1610.47 up.14.79 15 Loti lilies 179.15 176.68 178.22 05 65 stocks 1287.61 1264.89 127b.36 up 9.02 will prove to be More frustrating than damaging a contended Dodge of Dean Witter. Quot history is filled with periods like  a on Friday stocks muddled through a mixed session with prices kept in a tight Range despite a Steep sell off in the Bond Market that was incited by the labor department employment report. Buyers favored Blue chips and stocks of economically sensitive companies which hoisted the Dow Jones Industrial average Back above 3,700. It climbed 20.72 to 3,709.14, producing an Advance for the week of 62.49 Points. A healthy quarterly earnings report from Dow component aluminium co. Of America helped push the Blue Chip indicator  other widely followed measures the nose composite Index Rose 0.54 to 248.11 and added 1.77 for the week. The Nash a composite inched up 0.93 to 707.46, which brought it up 0.61 in the week. The american Stock Exchange Market value Index Rose 0.80 to 425.45 and 0.73 in the week. The Wilshire associates equity Index the Market value of nose american and Nash a issues was $4.44 trillion Friday up $26.79 billion from thursday. 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