European Stars and Stripes (Newspaper) - September 4, 1994, Darmstadt, Hesse                                Page 12 the stars and stripes Money matters sunday september 4,1994 Dollar watch shown below Are the highest Dollar Exchange rates for the week of aug. 29 sept. 2 compared with Dollar rates for the same period one year and five years ago. German Mark one Dollar would buy you ,1.98 1.54 163 i i a j military Chang rat British Pound one Pound would Cost you 1-6� 1.55 1.56 1964 l 1993 1969 belgian franc one Dollar would buy you 32.55 35.53 1994 1969 dutch Guilder a tone Dollar would buy you 1 223 1.73 187 1969 French franc one Dollar would buy you d1 5.84 6,65 1994 l 1993 l 1969 i greek drachma one Dollar would buy you 237.85 230.02 1 169.90 1993 i 1969 l italian lira one Dollar would buy you 1,585 1,598 1,418 1969 Spanish peseta one Dollar would buy you 130.71 135,75 123_70 1994 1993 1989 turkish lira one Dollar would buy you 34,425 1994 11,727 1993 a 2,227 1989 1dow average nears 4000, but what does it All mean by Patricia Lamiell the associated press new York the Dow Jones Industrial average is flirting with the 4000 level for the second time this year and Stock Market experts agree that sur it would be an important Wall a w vow niacin is. A. Tere is a widespread feeling that Dow indicates the health of Wall treet event. Its not that the Dow average is the Best indicator of Market health. Rather the average has become a Quick and easy guide to Market psychology. There the r treet the nation the universe a maybe even the Cosmos a said a. Gay shilling an investment adviser in Springfield . But the Dow average is a certainly not representative even of the financial markets a shilling said. The . Bond Market for example is Many times bigger. Moreover the Dow average a a does t represent foreign stocks and Bonds foreign Exchange or commodities a shilling said. A still the Dow remains for reasons of momentum nostalgia historical precedence inertia a a Symbol of the financial  professional Market watchers can quickly tick off reasons Why the Dow average is not As Good an analytical tool As other larger Stock indexes such As Standard amp poor a 500-Stock list or the Nash a composite Index which contains 4,812 issues. First the Dow average contains Only 30 stocks. Critics claim that is too Small to be a Good Cross Section of american  Long standing criticism is that the Dow average contains too much heavy Industry such As automobiles and steel and not enough technology and service companies were Many believe the future or the american Economy lies. Even though the indexes composition changes periodically it is a always behind the curve in terms of where the action is a shilling said. Because the stocks of Industrial companies respond More dramatically to economic changes movements in the Dow average can overstate the True condition of the Economy analysts said. ,. V indeed in 1993, when investors began to see the Economy turn around the Dow average advanced 13.72 percent nearly new York Exchange new York a sates the is most Active new York nationally Friday. No no re Nab limited a a a. Ame spress a. A a Barrick Phul Morris Compaq s a lil co Flag pow occident pet att corp v. For motor Finger tit a. Fedei Ost a  a. 4 . Price and net change of Stock Exchange issues hading Motame 3.642.500 3,555,500 2,958,700 2,655,900 2,660,400 2,278,200 2,227,800 2.145.500 2,056,900 2.005.600 1.966.000 1.965.600 1,924,300 1.807.000 1.805.100 last Cha. 6f Uncan 21h 1 2919 23w h i 6w 14 351 w 161 k 131 unch 21v unch Vivi Vivi w w 541 29vi 22vi 221 24vi 38 Dow Jones new York a Ages Friday a 30 industrials 20 transport is utilities 65 stocks a Dow Jones closing Range of aver a left Low cloth change 3928.64 3871.98 3885.58 off 15.86 1641.99 1620.61 1627.96 off 5.52 187.12 183.89 184.55 off 1.12 1347.64 1328.32 1333.44 off 5.49 american Exchange 3 a new York a of the 10 most Active Kig nationally Friday. Name Amdahl Echo Bay Glacomo chess to s Keil Yog. Viacom it. Twa voting a Pegasus id. Viacom we epitome sates closing Price and net change american Stock Exchange issues Trad volume 1,627.900 1,228,100 717,800 691,000 6871500 536,500 498,300 350.900 340.900 294.900 last 101 12 32vi 12 chg. W i unch a 6v i. Svi i 314 1/16 16v i 3w 1/16 19v4 -1w twice As much As the 7.06 percent gain by the a amp a 500. This year As rising interest rates depressed Stock valuations both the Dow and Nash a composite lost a Little More than 9 percent from Jan. 31, when the Dow average hit an All time High of 3978.36, to Early april when they started recovering. By tuesday the Dow average had retraced nearly All those losses. But the Nash a composite had recouped Only 5  the Dow average dosed fridays session at 3885.58, Down 15.86 Points for the Day but up 4.53 Points for the week. Among broader barometers the Nyser a composite Index fell 1.05 to 259.93, Down 0.89 for the week. The Nash a Index Rose 0.28 to 759.23, Down 3.71 for few week. The american Stock exchanges Market value Index Rose 1.52 to 455.54, up 5.98 for the week. The Standard amp poor a 500 list fell 2.18 to 470.99, Down 2.81 for the week. The Wilshire associates equity Index which is the Market value of nose american and org issues ended the week at $4.66 trillion off $15.48 billion from last week. When it was created by Dow Jones amp co. In 1884 As the first Stock Index the Dow average contained Only 11 issues 10 Railroad companies plus Western Union those companies were deemed to be a Good Cross Section of the Economy at the time. Since then Dow Jones has expanded the Index to make it More representative. It also created the 20-Stock transportation Index and later the Utility average of 15 issues. Other changes have been made to try to keep the Index current. The Index originally was designed As a simple average the sum of All the Stock prices divided by the number of components but Over the years the divisor was changed to accommodate changes in the Market such As Stock splits. The current divisor is 0.386, which Means that a $1 change in a single Stock raises or Lowers the average by More than 2vi Points. A 20 to 30-Point move in the Dow could be a a Yawn a said Ralph Acampora technical analyst at Prudential securities. A it might have been one Stock that did  despite its shortcomings analysts said the Dow still is a Good Symbol of americans Industrial activity. It v also important for psychological reasons. Consumers see it make an important Benchmark and that gives them More. Confidence in the Economy to go out and buy things a maybe even to buy some stocks. That in turn adds to the upward momentum of the Dow average. A we use the Dow and we talk Dow talk but As to its value for analysing the Stock Market its lost a great Deal a said Hugh Johnson Market strategist at first Albany corp. A but its part of our culture and that a  a amps Kangaroo dreams Qantas always Shoys off us newest Boeing 747-400 at Mascot Ginal cultural design called Wunar la Kangaroo dreaming Airport in Sydney Australia on saturday. Painted in an abort plane will have its inaugural flight to Osaka Japan today. The