European Stars and Stripes (Newspaper) - July 24, 1994, Darmstadt, Hesse                                Page 18 the stars and stripes Money matters Dollar watch shown below Are the highest Dollar Exchange rates for the week of july 18-2? compared with Dollar rates for the same period one year and five years ago. German Mark one Dollar would buy you1.90 1.56 1.68 1994 i 1993 military Exchange rate British Pound 1989 one Pound would Cost you 1.57 1.56 162 1994 1993 1989 belgian franc one Dollar would buy you 40.05 32.56 35.66 1994 1993 1989 out def Guilder one Dollar would buy you. 2.16 1.74 1.89 1994 1993 1989 a a a a a. In Luj. I 5.40 1994 Frenck franc one Dollar would buy you 6.52 5.83 1993 greek drachma one Dollar would buy you 234.20 228 73 165.20 one a Dinar would buy you 1 574 1,592 1994 1993 1,393 1989 Span Stipe amp to. One Dollar would buy you 131.22 135,30 120.30 Tyrkus Wilira one Dollar would buy you-31,200 1994 l 11,204 1993 i 2,150 1989 sunday july 24, 1994u.s. Seeks stronger Dollar fed chief tells lawmakers Washington a Federal Reserve chairman Alan Greenspan striving to Calm jittery currency markets told Congress on Friday that the Central Bank and the administration Are working closely together to protect the Dollar in the face of the battering it has taken at the hands of world currency traders. Greenspan went out of his Way to emphasize that the fed and the Clinton administration Are. In total agreement that the United states would Benefit from a stronger Dollar a clearly it is in our interests to have a stronger Dollar Quot Greenspan told a House a Keg subcommittee. A it is very important that we. Recognize. That a stronger Idillar essentially helps the United states and helps our. Trading partners.�?�. A. A Greenspan did not say specifically what the fed would do to defend the Dollar. But As he had at an appearance wednesday Greenspan said that the dollars plunge was especially worrisome because it indicated inflationary concerns among foreign investors. Greenspan a comments Friday and the earlier ones before the Senate banking committee were viewed by analysts As laying the groundwork for another round of interest rate increases to Calm inflation fears and bolster the Greenback. The Ped has so far this year boosted Short term interest rates by 1.25 percent age Points pushing the Federal funds rate the interest that Banks charge each other to 4,25 percent. Some economists said the next rate increase could come As soon As the aug. 16 meeting of fed policy shakers. Higher . Interest rates bolster the Dollar by giving foreigners More of a re turn on their Dollar denominated investments. The Dollar climbed against the German Mark on Friday with $1 buying 1.5980 Marks to rotate trading on currency Exchange markets up from 1.5925 late thursday. The gains Over the past two Days meant the Dollar has gained Back nearly half the value it lost against the Mark in a slide that began in Early june. G american Exchange sales closing Price and net change american Stock Exchange issues Greenspan s comments pressure stocks new York a it was As if Alan Greenspan blew a big loud whistle and yelled a everybody out of the Pool a in congressional testimony this past week the Federal Reserve chairman left open the possibility that the fed might raise Short term interest rates sooner than the financial markets had anticipated. Quot investors had been celebrating a round of surprisingly vigorous quarterly earnings reports but the chairman a comments pulled the plug Wirthe party. The Dow Jones Industrial average fell 21 Points wednesday and meandered thursday and Friday. The Dow closed fridays session at 3735,04, up 2.59 Points 011 the Day but Down 18.77 on the week. A the Market went into a bit of a Shock when Greenspan delivered his inexplicable remarks said Thom Brown a Market strategist at Rutherford Brown amp Catherwood in Philadelphia a that has been kind of overshadowing the extra or. Diary Good earnings reports that we be been seeing from major corporations.�?�. Stock investors done to like higher interest rates because they entice investors to new York a of the 10 most Active trading nationally Friday. Name excl Ltd mex Lor cd cysts Amdahl  s Viacom it charmed  g Viacom Etc . A volume 2.396.800 2,190.700 1,681,900 592.500 375.100 369,700 348,700 306.500 303.000 295.200 last. Chg 3/16-1/16 7/16 1/16 Volt a 61k ,1k 18 it Vij 9/16-1/16 2134 a 4vk vk-1v< 24 it Dow Jones new York apr Dow Jones closing Range of averages Friday a a a j 30 industrials 20 transport 15 utilities 65 stocks High 3765,15 1621.53 163.63 1306.40 Low 3707.19 1589.10 131.32 1266.53 Clito 3735.04 1666.56 183.10 1296.10 citing up 2.59 up 8.74. Up .92 up 3.66 new York Exchange a new York apr sales closing Price and net change. Of the 15 most Active new York Stock Exchange issues trading nationally Friday. A name Quot v. Volume lilt chg. . 8,120,200 419k a Mcdonalds s. A a 5,866,300 261v -2 a Compaq s. A 5.221,700 30w team cads a 4,166,400 571v 1h a ism. A 3.714,200 619k -1 Humana. 3,654,200 1b9k it a Cha Somanh a 3,364,100 37vi in Citicorp. 3.210.500 40vi y. Pc  a 2,584,100 2b9k it a k Mart. 2.361.600 16w atom depot. 2,223,300 4091 -19k. Pepsico a. 2.099,000 a 30w Levitt a. A. 2,043,900 6w �?.191 at amp to corp a. A 2,035,200 541v w we tech. 2,025,700 28 -19k buy fixed income investments rather than stocks. They also raise corporate costs and ultimately weaken company profits. Adhering to a general fed policy to keep Public comments As vague As Possi ble Greenspan did not specify when or How much the fed might tighten credit for the fifth time this year. 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