Document JJNY8Kqb3B1qajqdB79723mvB

3 Abreast of the Market 29THE WALL STREET JOURNAL, Wednesday. October S. 19*0 Eniro hy Olivhi J. CtsT.mji . Stock prices declined on the New --------- York Stock Exchange yesterday. The drop w* more pronounced than on Monday, but trading continued light. Th. market jSrned generally a bit below Monday's tlnaJ quotations and then drifted VvJ nrxhfWr,hM,. MARKET DIARY T,w. Mam Fn TMur M Tv i.tu i.i*i i.tei i.je* i.*e im Ml til' i.vi in :ss u tieidliy down to close at the taw of the day, DOB-JOVE* CLOSING AVERAGES Ending with a loti of ( M pofnta. or O.M'i. the Dow-Jonet Induitrta! average doted at JJJ.td. The railroad average dropped 1.21, or i40 O.M'l, to tttei. and the utllltlei eased 0.02, n ii -iH-g ha wM-<n-g uw lit At - 1 11 -e.M'V ' 19t.lt . > *l*> *i -eet -e.ers -e it .ti or o Ol't.. to 01.TO, ' IS: ABC Vending and Automatic Canteen Volume totaled 2.170.000 shares. SO.OOO more pafh M,pd v ,30 than on Monday. Declines outnumbered ad. Volume on the American Stock Exchange vances by 7 to 2X0. There were three new dfCunrd bv to,000 aharea to 1.000,000. Aerojet i960 highs and Tl new low*. General waa off IN, Fairchild Camera 2'4, * Standard Otl f.Vew Jersey) Jed Die market Hrli-Coll IN. Leesona 1 \y, Loral Electronics .20 In activity, slipping K on turnover of 66.600 l't. and Mead Johnson 1'^. On the other hand, shares. The stock registered a new i960 low, General Plywood and Sherwin-Williams each The lots was attributed by some brokers to added a point, minors that a Urge offering of the stock by ,10 stockholders will come soon, Other petroleum Heart on she Street-- hares ended with small changes, with a mim- Rogers Corp. (American) haa begun produc tsr of gain# sprinkled among the detunes. tlon of a new high temperature transformer 00 Acme Steel announced a dividend cut to 10 cents a share from JO cents and the stock tnwlatlcn jnattHal under Heert. from We* "* t r.fr^rr ?;,rr 2*^ r iee, ocKoclo.ed*lwer Bethlehem S.ee 90 dipped K on vo,urn. >0*0 w8. ^ tTmbe/To'Volel'v TM ^^ t ,.l t,, r" . to ** t-*569- ^Stee! declined-ri. Lukbna fen S. Youngs. .. F,ed<nckl c. cnrtwrlgM. chairman, town Sheet * Tube gave up a point, and Jones Mld m#y * mt6t ,, ,I5 of Mn> 80 * Uughlln went down IN. National Steel was ,ur, (oP paeh ahar4 o{ ltoel< wn Ju1y ) ujj, a atrtng steel tins. advancing IS. ,hen at J1T.M through July 1, 1866. and there- Ryder System sank IK,on turnover of 17.9oo ,ntr a< JIO. ... flea Pak (ovtr the counier) dharet following a delayed opening caused by believes net for the year ended July St topped 70 difficulty in matching a large number of orders jsos.OOO, equal to U cents,a share, up from to sell. The order* stemmed from news that *229,693, or M cents a share, In fiscal 1999, the Government has filed an antitrust rile *o according to Tom B- Pearce, Jr., executive require Ryder, the nation's cecond targest vice preaidant. Bade* declined to about JI.SOO,40 truck leasing company, to dispoae of part of 1U eoo from 110,000.000, however, primarily as a operations. - result of lower shrimp prices. Raw shrimp Motor* wer* tb* most active tingle group, costs fell even further. . . . R. F. Hal- Of the five moot heavily traded lane* ye*, fenreffer ITT, chairman and president of lerday. four were auto company share*, ^^irragueett Brewing (over the counter) says Studabater-Packard "when Issued" *tock feU there have been negotiations between hi* com4$ %. American Motors and. General Motor* pony and Jacob Rapport "but nothing that edged down K. and Studebaker-Paekard eom. point* to an agreement at the moment." . . . men loot K. In le*o active trading, Ford Motor instrument* for tadattry's (over the counter) declined IK and Qry*lr eased K. recently acquired George Rattray subsidiary <40 AMP. a company that make* electrical wire has received a 1100,000 Navy contract which terminal! and splices, dropped :K despite a "assure* u* of meeting the TISO.OOO volume o( forecast of record fourth quarter profits mads new order* w* anticipated for the first year" by the company's prsridtnt before the New vrttb Instruments for Industry, according to 35 York Society eg Security Analysts. Other .tec- Allan L. Merten, general manager. trieal equipment and electronics issues also - ware weak. General Electric fell IK and W*. Market View*. tnghouee Electric eased N. Texas Insim- OPINION: Luclen O. Hooper, of W. S. Hut <30 ment* was down <K, Transitron and Ampex ton A Co., say* "we hav* come from an area each gave up a point, and Vartan Associates of 'overvaluation' down to an area of 'fair sagged 1%. value' without developing many real, orthodox 125 Oold stocks were up again, ^mpbell Red 'bargain*.' Usually. In th# past, undervaluation tak* Mines added H on volume of lS.KO has followed overvaluation eoorcr of later." share*. Dome Mine* advanced IK and Home. . . . Oppenhelmer. Nau A Co. btllev#* "third stake Mining Jumped IK._____ _ . quarter result* will make very poor reading 120 - Throe corporation* anncaiMed tfflalr to* anj undoubtedly dividend cuts such as Montcroasee to their quarterly dividend and the wmtry Ward, Genera] Dynamics and United stocks of afl too* made ttoy gains. Gamble, yyuit ar* only forerunner* of mors to oome." kegmo, a Midwest gsnsral mertheadJee etors m4fgined aeeounts,'' my* fP'jS?6?9. \P0Ln tU ShUreon, HammUl * Oo., "ere would take Bf--*1 * International Yottr financing requlimnonta and aS ethar import-export needs an met without delay at The Bank of How Yok. Our overseas connection*--some dating back to our earliest years--put os in an especially favorable peartioa to ' insure prompt handling of your * tranaactwnsthraugboatth*world, /r- CommercM Pereonol Trust 95 oeaa. MefemosS? Mao went followtng "JJS " * *** IftvwPnoNt Counsel Corporeta Trust It* dsrtamacm of a 40*Bt dividend, up freen . ri,.,,ri. tru eBta to qaartan. ' AffALTSO-1 Banpt A Oa, has mfswed 923 Coppers declined in mpme to two nsws m >wt' MeLeod.Jfckmg. Weir A Items: American laaltUw --ai - Oo., Termsto, haa analysed Tinders Ftoaaeo O-p. . . .A. M. Kidder A Ca. has Oscumed Congo prodoosr, Uakm Ktuw* du Raut xZ OM**'"* Natural Gee and Boom and has a 90 tangs, said.ft baa no plana to curtail copper' appraisal *****> Hld- produetloo new. Anaconda dropped IK and foment** ... Fain*. Wsbbor, Jaekson A Amorioan Cmsfttag fcwt l. Ksntwooft. Phalps Chril* ha* an analysis of BaiaasomMFyer. 8Z5 Dodgo flow. and Cam .' .' de Pasoo all supped frao. - - lUynokU A C. haa mvtewed WlfiMas grethera. . . . Joseph D. Ooedman A Co.. Pwwlowt ErofK-Shortig totor--ttonaf YORK MAIN OFFICII dB WALL ST, NBW TORN IS, K. Y. Vtng maehln* stocks lost ground. Vends PUlsdelphla. ha* commented on aoao Borv. Cb., which aanounoed an agraomeot with (ee, OeodHn*. Groat-A. A P. and Paetflo HW YORK'S PIRAT SANK * POUNOtO 17A4 MltotttbWd Beevy Industrie* of Japan on the Ptoanei, ... 8. K. Thttrlow, of winalow. Oohu VbiBtfaeturo and Me of vending machine* in A Stetsmk has analysed Americ-- Bteel . ' * * that country, dechoed K. Utorwaal Match fell Fee--riea. . |5PfCWl|T"IhjIOPTIONS J| Martin Co. Says 9 Month Profit Ro'se Sharply Martin Co,'* net too 1W* flrri nine months corporal* planning, said Martin 1* ecmtinulng' Staodard *r N.J........... . 4AM Zealth Radi* ............. . 11**4 $ flto*. ow*. PU.M ta.** I* expected to 4how "roughly th# -me" % TM Automatic Culeca .. f MU. ULN riee mwted to the flrri --month*, Bar! R. acquired about u%% totereri to Nueloar Corp. Geaetal Dyaamlee ... W, 1 m. 4X&.M UhBg. vtee president and mrireUer, told Th# of America (American) and lari year bcwgtit Kaweekl Chemical ... We? Btreet Joarnel about 10* InUreet to Oenaral Preclalcn Squlp- FJreilaa* Robber ... / t tna m. nwnt Corp. Mr. Baeeett mU Martin to en- Bnmswlck Core. ........ . Eeetmea Kodak ........ . m p*** Atom---" h.r Geaeral Tire ........ 4ia* Jaa, 4a* ju. 4a. t I 1 $ S as*.** nut M.H me.** mjm Mar* on 9% Jew etoek thwoumandtog. Bale* com^nlea. . wrm hes m tn. Hemretab* Miatag .. . 401.09 totaled WT.mJM. For the-.ri* month, ended . > FWIoo ............................ HH 4m. $ MAO. Jim to, net was H.atT.no. or C.U a comm- ?*** ^ fmKtmSto- AMfHSorn--SM^]riwMM QWm mmSrST.Ctt) ' OOttTOTMW wont WU RW ^^."Mr B^-id. W(i.MW(nm nmn"1 * b he declined to aay what dtvWoa betsreen v> Ttvn ..lit K* -knn.. rt vi" to Oovermnefit and nofrOovermpent hnriwew -v.^T; Jttrtto tt ^klhg; At preeent. th. company's Textrea ......................... - 'A Uatvereal Matek ..... **v. 8*<kMwm Steel ........ . 40 Mlaa.apatk Metis* .. . I* PeMrvW ............... Oeaerel DeveJeptaeat . uR 40. 1 4u. 3 Ztoe. M DM. 23 Dm* 1 Pm. f . ITTft* U.M MAS* IStft* I40AS0 UU. InVAlVMV I Aebjwrt te Frier Bale tr Frio* <Aaage ( T?|g Ontyfe FdJjrf b I flWtOlf fW fo