European Stars and Stripes (Newspaper) - September 25, 1994, Darmstadt, Hesse Page 12 the stars and stripes Money matters sunday september 25,1994 shown below Are the highest Dollar Exchange rates for the week of sept. 19-23 compared with Dollar rates for the same period one year and five years ago. One Dollar would buy you t 1.51 1-59 1994 i 1993 Mummy military Exchange rate 1999 one Pound would Cost you 1.62 1994 1.55 1.57 1989 one Dollar would buy you 40.79 31.80 34.80 1994 one Dollar would buy you 1.771.69 1994 i 1993 i 1989 one Dollar would buy you _ _ 6.59 5.29 5.68 19891993 one Dollar would buy you 235.47 227.24 168.68 one Dollar would buy you 1,562 l581 1j4q8 1994 1989 one 128.10 Dollar would buy 130.15 you 121.35 one Dollar would buy you 34,140 1994 12,014 1993 2,235 1989 unsure which Way Market will go by Patricia Lamie Lap business writer new York Short Sellers those doom and gloom investors who bet prices will turn lower Are having a Field Day in the Stock Market. Short Sellers Are the people who Bor Row a Stock from other investors and sell it expecting to turn a profit by replacing it with cheaper shares when prices fall. This month Short interest or the num Ber of share sold Short and left uncovered or not replaced reached an All time High of nearly 1.8 billion shares on the new York Stock Exchange. Short interest has moved to record highs for the Lith straight month. While Short Sellers Are betting on stocks falling in the often contrarian world of Wall Street High Short interests taken As a buy signal. Stocks drop so Low that bargain Hunters move Back in and bring prices Back up. But at least one analyst is challenging that traditional View and warns that the Market could continue to slide. Being Short a Stock does t necessarily mean being incredibly bearish on that particular Stock and certainly not Bear ish on the entire Market declared Thom As Mcmanus equity strategist at Morgan Stanley & co five to 10 years ago Mcmanus said a Short Sale was a straightforward bet that a Stock s Price would decline. But that theory is outdated Mcmanus asserted because it was developed before the Short Sale began to be used As a hedging strategy. Now Mcmanus said investors will often Short a Stock even if they think it will go up. And their Short position maybe profitable even if the Stock actually new York Exchange new York a of the 15 most Active Friday. Nim am Barrack for motors go motors Chrysler team chaos Olga tales. Blockbuster Compaq s Shaw ends Leonars Philip morals ats corp Rwjr Nab Gap sales closing Price and net change new York Stock Exchange issues on volume 6,276,800 5,830,100 5,556,600 5,387,100 4,766,800 4,564,100 4.230,100 3,017,700 2,714,400 2,650.400 2,588,500 2,262,100 2,089,700 2,018.7006 1,997.300 Lail chg. 26v4 v4 26hh 46vi -1h 43 i -1 65h 25 -27/i 26% t i 3va k 14v4 it 16 v4 58%. Vt54 13/16-1/16 32% -1 american Exchange new York a sales closing Price and net Chang of the 10 most Active american. Friday. Naytroy Aloang Lacombe Chowbay. Viacom Rex Clit weath Rdv. Viacom Texas Blo Uri chess its Stock Exchange issues on volume list chg. 2,104,800 4 6 6 1.940,700 36k f 1 1,500,700 13v4 h 869,900 4 the nose s composite Index fell 0.71 to 253.81, Down 5.96 for the week. The Standard & poor s 500-Stock Index fell 1.60 Friday to 459,67, Down 11.52 for the week./. ,. ./., a the american Stock Exchange s mar Ket value Index closed at 455.23, up 0.32 for the Day but Down 4.63 for the week. And the Nash a composite Index fell2.98 Friday to 757.46 a 20.45-Point slide Over the week. The Wilshire associates equity Index the Market value of nose american and Nash a issues ended the week at $4.57 trillion off $112.74 billion from the previous week. New credit cards up give users some in new York
