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Publication: European Stars and Stripes Sunday, October 23, 1994

You are currently viewing page 12 of: European Stars and Stripes Sunday, October 23, 1994

   European Stars and Stripes (Newspaper) - October 23, 1994, Darmstadt, Hesse                                Page 12 the stars and stripes. Money matters sunday october 23, 1994 Dollar watch shown below Are the. Highest Dollar Exchange rates for the week of oct. 17 21 compared with Dollar rates for the same period one year and five years ago. German Mark one Dollar would buy you 1.83 1.49 1.61 1994 i 1993 in of my military Exchange rate 1989 British Pound one Pound would Cost you 1.66 1994 1.60 1989 belgian franc one Dollar would buy you 39.95 31.37 dutch Guilder one Dollar would buy you 1993 French franc 1989 one Dollar would buy you Van 6.465.22 5-80 1994 greek drachma one Dollar would buy you 235.08 230.10 167.78 1994 italian lira one Dollar would buy you 1,552 1,610 1994 1,396 1989 Spanish peseta one Dollar would buy you 126.63 132.10 120.75 1989 turkish lira one Dollar would buy you 34,970 1994 12,618 1993 2,297 1989 Pope Princess help leave shops fully booked for fall new York Apok you run a Bookstore and you have Only so Many Flat surf aces for displaying the big new titles. Do Stephen King and Anne Rice lose their thrones to the Princess of Wales does the Pope get some respect and How about that Nicole Brown Simpson Tell All there s some risk in Messing with the tried and True you could run afoul of your regulars who have their favorite authors and expect them to be positioned prominently. But there also stands to be a Reward Cash registers humming with business from new customers people who Don t buy Many books but in this Case just May not be Able to resist. Bill Rickman president of Kroch s and Brentano s Book stores said Friday this fall is one of the Best for potential Block busters that he can remember in 30 years in the Book Trade. He s particularly bullish on Pope John Paul h s autobiography crossing the threshold of Hopa released thursday As the first autobiography Ever written by a pontiff. The Pope s Book has an enormous to Tennial audience said Rickman whose Chain comprises seven shops in Chicago. I expect it will become a Book that will Cross Over out of the traditional Book buying Market into a broader taste mar  As for Nicole Brown Simpson the Pri Brentano s in new York displays books about famous personalities As bookstores every where prepare to Cash in on new books about the head of the Catholic Church Brit Ain s Royalty and Nicole Brown Simpson. Vate diary of a life interrupted by Pasternak both coming into stores Las Simpson Friend Faye Resnick and Mike week Rickman said display was promo Walker and Princess in love by Anna nent but not dominant key stocks remain Yuan Erble to further rate hikes and Lysis says a new York a Bonds Slid last week on worries that interest rates May move up again but it s holders of Blue Chip equities who should be really worried. Bond prices already have fallen hard this year in response to repeated tighten Ings of Short term credit by the Federal Reserve. The Dow Jones industrials have so far managed a soft Landing but Blue chips could get hit especially hard if themed tightens again analysts warn. Stocks Are even More vulnerable than the Bond Market is to tightening by themed said Joseph Mcalinden chief mar Ket strategist at Dillon read & co. Therond Market has already been clobbered indeed nervous investors have pounded Bond prices lower and yields higher with each of five interest rate tightening so far this year. The yield on the 301/4 year Bond has risen by nearly a third from below 6.20 percent in mid january to just Over 8 percent on an int Raday basis Friday / -. That compares with Little More than a 3 percent drop in the Standard & poor s 500 list since it reached its-482-Point High i a. 2. The Nash a composite has fallen nearly 5 percent since reaching its High of 803.93 on March 18. And the Dow average which is heavily weighted with big Industrial names has lost just 2 percent since Topping out at 3978.36 on Jan. 31. Every time the fed tightens or investors think the fed might tighten Bond yields Spike. One immediate concern this past week was a sickly Dollar. Investors reasoned not Only that the weak Greenback might discourage investors from buying Dollar denominated securities but that the fed might have to intervene to prop up the Dollar by raising interest rates again. Also roiling the Bond Market were two american new York a sales Exchange closing Price and net Chang of the 10 most Active american Stock Exchange issues. Trading nationally Friday Birru Viacom yet colonial data Viacom Echo Bay chess to Royal Oak g Reyhn done us bloc Samdahl pc Ltd volume last Chi. 2,583,900 1 5/1 6 4 1/1 6 1,458.700 9 /4 1vi 1,052,000 38 i it 789,900 13vi unch 652,000 10vs it 501,400 4  
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