European Stars And Stripes (Newspaper) - December 2, 1987, Darmstadt, Hesse Wednesday. December 2,1987 the stars and stripes Page 27 Market Falls amid worries Over Dollar new York up Stock prices fell sharply monday in heavy trading As Market participants expressed wide spread concern Over inc weakened Dollar and a renewed scepticism toward the budget reduction efforts in Washington. Tire Dow Jones Industrial average which fell 3.15 last week plunged 76.93to 1833.55. It was the Index eighth largest daily Point loss on record. Declines outpaced advances 1,658 139 among the 1,971 issues crossing the nose Lape. Big Board volume totalled 268,910.000 shares. Broad Maricl indexes also fell sharply. The new York Slock Exchange Index dropped 5.47 to 129.69. Standard & poor s 500-Stock Index fell 10.04 to 230.10. The Price of an average share fell 11.23. In new York the Dollar fell to 1.6380 German Marks Down from 1.6515 Fri Day. Against the japanese yen the Dollar fell to l32, Down from 133.45. Analysts said the lower Dollar which could increase prices on imported goods has sparked renewed fears of inf Lal Ion on Wall Street. This morning you come in Wilh Lon Don stocks Down sharply the Dollar a record lows against the japanese yen and German Mark Bonds Are Down Gold is up sharply. It was just Loo much said Al Goldman director of technical Analy Sis Al . Edwards & sons in St. Louis. In Tokyo monday the Dollar Plum meted to a new postwar Low against the japanese yen and prime minister Noboru called on industrialized nations to keep their Promise to stabilize inc Market. The Dollar closed the Day at 132.45yen, Down 1.30 yen from Friday s 13j.75 yen and 1.20 yen below inc previous re Cord Low close of 133.65 set nov. 10, Tak Shila predicted inc Dollar will fall 10 near inc 130-yen level. He said Japan and West Germany must take effective measures to increase imports from the United Stales and the United Stales should quickly approve budget cuts. On the trading floor monday Ohio Edison was the most Active nose listed Issue Down it to 19v. Texas utilities followed off w to 28w. Union electric was third off a io22 to. Among Blue chips general electric was off t14 to 42 to american express was Down 1 to 21 it. Sean was off t i to 3214, us was off to to 28 it and Merck was Down 5 to to 170. Texaco was off i it
