PRODUCTION INDICATORS

LATEST WEEK YEARLY

WEEK AGO % CHG

STEEL 11/19 thous. of net tons 1,956 1,976# -0.3

AUTOS 11/19 units 86,050 79,001r# 4.3

TRUCKS 11/19 units 132,073 136,453r# -17.0

ELECTRIC POWER 11/19 millions of kilowatt-hrs. 71,993 69,726# 3.7

CRUDE-OIL REFINING 11/19 thous. of bbl./day 14,557 14,449# -5.5

COAL 11/12 thous. of net tons 21,112# 21,343 -2.0

LUMBER 11/12 millions of ft. 379.5# 375.1 5.2

RAIL FREIGHT 11/12 billions of ton-miles 34.3# 35.1 0.3

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 11/11 1992=100 135.8 134.7r 2.4

STOCK PRICES 11/18 S&P 500 1248.3 1234.7 6.7

CORPORATE BOND YIELD, Aaa 11/18 5.4% 5.4% -2.0

MONEY SUPPLY, M2 11/7 billions $6,645.3 $6,632.2r 4.1

INITIAL CLAIMS, UNEMPLOYMENT 11/19 thous. 335 305r 3.4

MORTGAGE APPLICATIONS, PURCHASE 11/19 472.3 477.9 1.9

MORTGAGE APPLICATIONS, REFINANCE 11/19 1584.1 1702.4 -27.3

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 11/22 $/troy oz. 492.600 468.250 9.9

STEEL SCRAP 11/23 #1 heavy, $/ton 208.00 208.00 -16.6

COPPER 11/18 cents/lb. 209.6 200.4 39.1

ALUMINUM 11/18 cents/lb. 97.4 96.6 9.2

COTTON 11/18 strict low middling

1-1/16 in., cents/lb. 52.80 51.96 12.2

OIL 11/22 $/bbl. 57.94 57.83 19.8

CRB FOODSTUFFS 11/22 1967=100 250.79 253.96 -7.4

CRB RAW INDUSTRIALS 11/22 1967=100 332.51 332.30 2.6

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 11/23 2.2389 2.2015 2.7545

BRITISH POUND 11/23 1.72 1.72 1.88

CANADIAN DOLLAR 11/23 1.17 1.19 1.18

EUROPEAN EURO 11/23 1.1811 1.1670 1.3187

JAPANESE YEN 11/23 118.42 119.19 102.80

KOREAN WON 11/23 1036.8 1036.5 1066.7

MEXICAN PESO 11/23 10.619 10.670 11.285

TRADE-WEIGHTED DOLLAR INDEX 11/22 92.5 92.8 88.7

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 11/22 3.99% 3.97% 2.00%

COMMERCIAL PAPER 11/21 3-month NA NA 2.23

CERTIFICATES OF DEPOSIT 11/22 3-month 4.36 4.31 2.34

FIXED MORTGAGE 11/18 30-year 6.46 6.48 0.00

ADJUSTABLE MORTGAGE 11/18 one-year 5.34 5.29 0.00

PRIME 11/21 7.00 7.00 5.00

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. no longer included. Historical data has been adjusted.

3=Free market value NA=Not available r=revised NM=Not meaningful