European Stars and Stripes (Newspaper) - October 02, 1994, Darmstadt, Hesse                                Page 12 the stars and stripes Money matters sunday october 2,1994 shown below Are the highest Dollar Exchange rates for the week of sept. 26 -30 compared with Dollar rates for the same period one year and five years ago. One Dollar would buy you 1.51 1 881.61 1994t 1993 my military Exchange rate one Pound would Cost you 1.62 1.61 1994 1993 1989 one Dollar would buy you 39.65 31.85 35.25 1994 1993 1989 one Dollar would buy you 2.13 1.72 1-80 19891994 1993 one Dollar would buy you 5.28 5.76 6 1994 1989 one Dollar would buy you 236.44 227.67 164?85 one Dollar would buy you 1,558 1,593 1994 1,365 1993 one Dollar would buy you 128.48 132.25 1993 1989 pc one Dollar would buy you 34,115 1994 12,150 1993 2,224 1989 Market expected to get lift from Strong profit reports by Patricia Lamie Lap business writer new York investors hoping to take advantage of upcoming third Quarter profit reports seem to have a mantra just think Deere. On aug. 23, the farm and construction machinery maker posted record third Quarter net earnings. The report not Only sent Deere Stock soaring 35/fc Points but it boosted other construction company is-1 sues. The Dow gained 125 Points that week in Large part because of Deere & co s earnings. Many investors Hope the up coming third Quarter reports include a few More upside surprises. Their wishes May Well be granted analysts say. Third Quarter profits Are expected to be Good As companies continue to Benefit from the massive efforts to Cut costs Over the past two years. And while Market participants got a fresh scare last week that the Federal Reserve might again raise interest rates companies have suffered Little so far from this year s five previous increases said Dow Jones j4ew York a Dow Jones closing Range of averages on Friday High Low close a finn 30 industrials 3891.30 382569 3843.19 off 11.4420 transport 150286 1479.86 1491.59 up 8.05 15utilities 18238 179.21 181.45 up 1,4565 stocks 1298.59 1277.25 1285.78 up 1.44 Ben Zacks executive vice president at Zacks investment research in Chicago. Zacks expects corporate profits to be up 20.5 percent in the third Quarter com pared with the same period last year. That s even better than the 18.5 percent year Over year growth in the second Quarter. John Eliseo assistant vice president at the institutional brokers estimate sys tem a company that tracks earnings projections said that out of 148 companies that have reported third Quarter earnings so far positive earnings surprises Are running More than two to one ahead of negative surprises. In addition analysts traditionally Start the year with optimistic projections of earnings growth and lower them about 1 percentage Point every Quarter As they become More realistic about companies performance and As companies them selves guide them lower Eliseo said if history is an indication analysts should have lowered their estimates by an average of 3 percentage Points so far this year but they have not Eliseo said. On Friday the Dow lost 11.44 to close at 3843.19, but Rose 11.44 for the week. The nose composite Index Rose 0.37to 255.52, up 1.71 for the week. The Standard & poor s 500-Stock Index Rose 0.45 to 462.69, up 3.02 for the week. The Nash a composite Index Rose 4.95to 764.29, uj/6.83 for the week. The american Stock Exchange s mar Ket value Index Rose 2.34 to 458.81, up 3.58 for the week. The Wilshire associates equity Index which is the Market value of nose american and Nash a issues ended the week at $4.605 trillion up $36.843 billion from last week. Fast track to Success a Filo to 7 ri"1 a prccssor5 ri8h Resinal Bullet train earned its nickname for its shape and Tor Tot americans earning spending More is Washington a americans income Rose 0.4 percent in August the seventh straight increase but failed to keep Pace Voith a 0 9 percent jump in spending the government said Friday. The increase in spending was the larg est since it Rose by 1.3 percent in february. The _ Commerce department also re ported that disposable income income after taxes Rose 0.5 percent in August. Financial markets were mixed on the news. The spending increase was greater than Many analysts expected and appears to be in line with other recent reports that suggest there is still considerable strength in the Economy. During july personal income increased 0.5 percent while spending Rose 0.3 per cent revised upward from a previous Esti mate of 0.2 percent. Income last fell in Jan uary when it slipped 0.6 percent. Consumer spending which accounts for two thirds of the nation s Gross Domestic product was up for the fourth straight month and six of the last seven. " the combination of incomes and spending meant that americans savings rate savings As a percentage of Dispo Sable income was 3.8 percent in a gust compared with a revised 4.2 percent the previous month. The commer9e department previously pegged the savings rate at 4.1 percent for july Many economists had predicted in and Vance of Friday s report that incomes were up 0.4 percent and spending 0.7percent in August. The government reported thursday that the Economy expanded at a 4.1 per cent annual rate in the second Quarter of 1994. Many analysts expect the growth rate to have slowed in the third Quarter which ended Friday wages and salaries the most closely watched component of income increased $7.9 billion in August after a $14.4 billion risen july government wages and salaries Rose $0.1 billion in August after rising $0.9 billion the previous  on Long lasting items such As cars and appliances Rose 4.2 percent in August to a seasonally adjusted annual rate iof $601 billion. Spending on nondurable goods such As food and fuel Rose 0.5 percent to $1.405 trillion and spending on services was up 0.4 percent to $2.661 trillion. Incomes Rose to a seasonally adjusted annual rate of $5.727 million in August from $5/703 trillion. The income and spending figures were not adjusted for inflation. When adjusted disposable incomes Rose 0.3 percent in August while spending climbed 0.7 percent