European Stars and Stripes (Newspaper) - December 11, 1994, Darmstadt, Hesse                                Page 12 the stars and stripes Money matters sunday december ,11,1994 Dollar watch shown below Are the highest Dollar Exchange rates for the week of dec. $ dec. 9 compared with Dollar rates for the same period one year and five years ago. German Mark one Dollar would buy you 1.54 1.68 1.78 1994 i 1993 a military Exchange rate British Pound 1989 one Pound would Cost you 1.60 m 1.561.52 1994 1993 1989 belgian franc one Dollar would buy you 37.5332.43 36.32 1994 1993 1989 dutch Guilder 1.88 one Dollar would buy you 2.00 1.72 19891994 1993 French Frarick one Dollar would buy you 5.4.1 5.92 1994 greek drachma one Dollar would buy you 243.10 240.67 163.25 italian lira one Dollar would buy you 1622 1,723 1994 1,315 1993 1989 Spanish peseta one Dollar would buy you turkish lira one Dollar would buy you 36,660 1994 13,887 1993 i 2,312 1989 is see soft Landing i  no crash for Economy ,. Of. Washington a the tvs. Economy is expected to slow Down next year but does not appear headed for re cession economists say. A soft Landing but no recession is still the Best bet said Robert j. Eggert who conducts a monthly Survey of Busi Ness forecasters for Blue Chip Eca Norric indicators. The Sedna ariz., newsletter was released  Landing refers to slowing the econ omy without braking it into a recessionary nose dive the goal of the Federal Reserve in. Boosting interest rates six times so far this year. By slowing economic growth to about 2.5 percent annually the Central Bank Hopes to keep inflation under control. The Gross Domestic product the broadest measure of economic activity was grow ing at a brisk $.9 percent annual rate Dur ing the july september Quarter. Federal Reserve chairman Alan Greenspan told Congress last week that although prices at the consumer level re main Well behaved inflationary pressures Are beginning to show up in the Cost of some raw materials. Many analysts read into his remarks the possibility that the fed might nudge rates even higher unless Price strainsease.-. V tothe Blue Chip economists however see Little inflation ahead. The economists represent Banks businesses forecasting services universities and Wall Street firms., v.". .-.,. The consensus of the 53 participants in. The Survey earlier this month Calls for year Over year inflation of 2.7 percent in 1994 and 3.4 percent in 1995. Consumer prices Rose 2.7 percent last year the suit lest gain since a 1.1 percent increase in 1986. A. A a v that prediction comes despite a consensus forecast for ecbn6mic growth of 3.9 percent this year the Survey s highest projection so far this year and up from 3.8 percent in the november poll. More than 80 percent of the 53 economists. Raised their 1994 real Gap forecast Eggert said. Real Gap is the Gross Domestic product the total output of a cods and services within the United states adjusted for inflation. " Many cited the government s upward revision tothe third Quarter growth rate  Sharp gains in employment arid the november Rise in disposable per Sonal income he said. The government changed its initial growth estimate for the third Quarter from a 3.4 percent annual rate to 3.9 per cent and said that 350,000 jobs were Cre ated in november. Disposable personal income income after taxes jumped 1.4 percent. The consensus forecast sees economic growth decelerating to 2.9 percent in1995 ".  Zeggert said the forecasters believe the moderate easing would result from slow ing in productivity Job creation and government spending. Orange gouty Mage More wit 11 Street even More j jittery � new York a Magellan  county. These names struck fear into the hearts of Many Stock investors Over the past week pushing an already nervous Market even closer to the panic Button after Days of trying to assess the dam age investors still Don t know whether Magellan s accounting snafu and Orang county s massive investment losses were self contained. They added to Rampan nervousness in a Market already worrying that higher interest rates might Send equity prices on a Quick trip South. Although All of these factors com into the Market stocks move off one thing earnings said Arnold Owen managing director of trading at sound View financial corp. Higher interest rates braise the Cost of doing business. Arid if it costs snore to do business the profitability  nobody was arguing Friday that the Magellan and Orange county imbroglio were unimportant or that All is known about just now important they will turnout to be. Investors were taken Aback when Fidelity investment s mighty Magellan fund the largest Mutual fund said Mon Day that it could not make a $2.4 billion year end distribution to investors because of an accounting error. Traders and analysts said the same announcement by a smaller less influential fund would not have had nearly As much Impact. But Fidelity is an undisputed Leader in the business. The Magellan rumblings turned to Roar after Orange county calif., said tuesday that it had filed for bankruptcy Protection following $1.5 billion of losses on its pooled investment portfolio. Orange county had made a very Large bet that interest rates would continue to fall. The bet blew up after the Federal Reserve raised Short term rates by about 2.5 percent this year. Stock investors worried that Orang county May not have been the Only government entity that had wagered  fears intensified wednesday when Federal Reserve  Green Span hinted in congressional testimony that he was not finished raising interest rates. Traders at the new York Stock Exchange Are kept Busy Friday a Day after a sell off sent the Dow Jones Industrial average Down nearly 50 Points. New Newyork a the 15 most  Noay. Nit Voda fone s re Nab Walmart British air Hanson ads team exams -. For motors at to corp Merrl Llynch  Columba Cha us Lucres Micro tech Motorola s York Exchange sales 4 . Price and net change of new York Stock Exchange issues trading volume 8.463.400. 5,976.200 5,959,000 3.995.000 3,793,800 " 3,410,700. 3,290,000 3,086,100 3.059,700. 3,008,100 2,898.100 2,852,300 2.813,800 2.741,800 2,554,600 it chg. 30 a-1 57/i v42m h .55v4 a 18v4 unch 26 h 49 h 33v4 unch 37v4 h 16 Vii pfc 34h fat 41 to h 41h a 55v4 -hv4 Greenspan s comments intensified Asell off thursday that sent the Dow Jones Industrial average Down nearly 50 Points. The Dow closed Friday s session up 5 38 at 3691.11, but it lost 54.51 for the week. The new York Stock Exchange s composite Index Rose 0.37 to 244.17 but lost3.84 for the week. The Standard & poor s 500-Stock Index added 1.51 to 446.96, Down 6.34 for the Dow Jones new York up Dow Jones closing Range of averages Friday ". T Lai Hish Low Clou chanae30fridustrlals 20 transport 15 cities. Hi3713.32 3638.97 3691.11 1392.15 1353.96 1380.97 177.83 179.34. 180.33_. 65 stocks 1233.92 1207.50 1225.86 up 5.38 up 3.49 Oft 0.27 up 1.68 american Exchange a 1 sales closln0 Price ind net change old i Freda american Stock Exchange issues Trad volume 1.142,200 1,023,300 a Toni Cost enter 649,100504,000 393 200 368 900 367 100 341-400 317700 list Chol. Launch38 a 6h v27v4 -1w 17v v4 unch unch 12 31/16 3/16 week. The Nash a composite Index declined 0.07 to 719.05, Down 25.97 for the week. And the american Stock sex i a s Market value Index lost 2.15 to420.66, Down 11.80-for the week