Daily trading levels in August were 25 percent lower than in July.

Other major markets, including New York's, are still significantly below their pre-collapse trading levels.

Beverly's shares fell from a peak of $22.50 in 1986 to their current trading level of $5.50 as its financial problems mounted.

At the trading level, profits slipped from I£17.7m to I£16.2m.

The Nasdaq closed down 41 points at 2643.73 - below its trading level at the beginning of the year.

Despite the dollar's modest moves yesterday, it remains far below the opening trading levels of last Friday, when its most recent slide began.

As the price of the 30-year bond rose, it broke through some important trading levels, which set off more buying by speculators and investors.

"The current trading levels of these securities presented an opportunity to redeem them at well below their face value."

Macy has valued its warrants at 30 to 40 percent above the trading level of its stock.

That would be above its original trading level of $1.17 at the beginning of 1999.