PRODUCTION INDICATORS



                                                    LATEST      WEEK    YEARLY

                                                      WEEK       AGO     % CHG

STEEL              10/2 thous. of net tons           2,031     2,033#     13.3

AUTOS              10/2 units                       92,745    91,636r#    -6.5

TRUCKS             10/2 units                      162,127   156,785r#    -1.0

ELECTRIC POWER     10/2 millions of kilowatt-hrs.   71,350    79,719#      5.1

CRUDE-OIL REFINING 10/2 thous. of bbl./day          14,759    14,096#     -1.9

COAL               9/25 thous. of net tons          20,847#   21,517      -1.5

LUMBER             9/25 millions of ft.              591.7#    560.7r     10.5

RAIL FREIGHT       9/25 billions of ton-miles         30.9#     31.3      -6.8



Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison

Electric Institute, American Petroleum Institute, Energy Dept., WWPA, SFPA,

Association of American Railroads





LEADING INDICATORS



                                                   LATEST       WEEK    YEARLY

                                                     WEEK        AGO     % CHG

ECRI LEADING INDEX               9/24 1992=100      131.5      131.4r      2.1

STOCK PRICES                     10/1 S&P 500      1131.5     1110.1       9.9

CORPORATE BOND YIELD, Aaa        10/1                 5.5%       5.4%     -2.0

MONEY SUPPLY, M2                 9/20 billions   $6,336.0   $6,306.4r      3.9

INITIAL CLAIMS, UNEMPLOYMENT     10/2 thous.          335        372r    -13.9

MORTGAGE APPLICATIONS, PURCHASE  10/2               459.0      469.1       4.1

MORTGAGE APPLICATIONS, REFINANCE 10/2              2270.8     2211.1     -24.4



Sources: Economic Cycle Research Institute, Standard & Poor's, Moody's, Fed-

eral Reserve, Labor Dept., Mortgage Bankers Assn. (Index: March 16, 1990=100)





PRICES



                                                LATEST     WEEK   YEARLY

                                                  WEEK      AGO    % CHG

GOLD                10/6 $/troy oz.            418.450  412.950     11.5

STEEL SCRAP         10/6 #1 heavy, $/ton        235.00   235.00     84.3

COPPER              10/1 cents/lb.              144.6    140.7      67.2

ALUMINUM            10/1 cents/lb.               89.2     87.7      31.5

COTTON              10/1 strict low middling     

                         1-1/16 in., cents/lb.   49.78    50.89    -24.5

OIL                 10/6 $/bbl.                  52.02    49.41     75.1

CRB FOODSTUFFS      10/5 1967=100               262.38   266.29      5.1

CRB RAW INDUSTRIALS 10/5 1967=100               317.16   318.61     11.7



Sources: London Wednesday final setting, Iron Age Scrap Price Bulletin,

Platt's Metals Week, Memphis market, NYMEX, Commodity Research Bureau





FOREIGN EXCHANGE



                                       LATEST            WEEK            YEAR

                                         WEEK             AGO             AGO

BRAZILIAN REAL                 10/6    2.8358          2.8505          2.8450

BRITISH POUND                  10/6      1.78            1.80            1.66

CANADIAN DOLLAR                10/6      1.26            1.27            1.33

EUROPEAN EURO                  10/6    1.2287          1.2333          1.1812

JAPANESE YEN                   10/6    111.35          110.89          109.60

KOREAN WON                     10/6    1152.5          1153.2          1149.8

MEXICAN PESO                   10/6    11.288          11.419          11.300

TRADE-WEIGHTED DOLLAR INDEX    10/6      92.9            93.2            94.9



Sources: Major New York banks. Currencies expressed in units per U.S. dollar,

except for British Pound and European Euro in dollars. Trade-weighted dollar

via J.P. Morgan.





INTEREST RATES



                                                LATEST      WEEK     YEAR

                                                  WEEK       AGO      AGO

FEDERAL FUNDS                 10/5                1.73%     1.72%    0.98%

COMMERCIAL PAPER              10/4  3-month       NA        1.82     1.03

CERTIFICATES OF DEPOSIT       10/5  3-month       2.00      1.93     1.10

FIXED MORTGAGE                10/1  30-year       5.86      5.93     5.97

ADJUSTABLE MORTGAGE           10/1  one-year      4.05      4.10     3.98

PRIME                         10/5                4.75      4.75     4.00



Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets



#Raw data in the production indicators are seasonally adjusted in computing

the BW index (chart); other components (estimated and not listed) include

machinery and defense equipment. 1=Western Wood Products Assn.  2=Southern

Forest Products Assn.  3=Free market value  NA=Not available  r=revised

NM=Not meaningful