European Stars And Stripes (Newspaper) - March 5, 1989, Darmstadt, Hesse Page 20 the stars and stripes sunday March 5,1989 business news Bond strength alloys inflation interest fears new York up1 Stock prices gained on the week As strength in the Bond Market helped to Case investors recent concerns about the Outlook for inflation and interest Rales. The Dow Jones Industrial average which Rose s.s8 Friday to end up at 2274.29, gained 28.7s Points on the week or 1,3 percent. Broader Market indicators also advanced. The new York Stock Exchange composite inc Rose 2.ib to 163.90, while Standard & poor s 500-Stock Index climbed 28.75 to close at 2274.29. Advances led declines 1,054-713 among the 2,137 issues traded. Big Board volume totalled 778,544,950 shares compared with 616,181.810 the previous week and 1,040,324,130 a year ago. Investor s Ariae Sybil Dovle q. Can you Maud another question about Federal Deposit insurance. My relative insists her Bank to analyst said renewed concerns about the Outlook for inflation and interest rates led investors to took to the Bon Market to set the stage for buying after the previous week s 79.28-Point plunge. As a result the biggest Day of he week was thursday when news that a esl Germany s Deutsche Bundesbank failed to raise us key lending rates led to Sharp gains in Bond prices which in turn fun eled a rally in stocks. Thursday s rally pushed the Dow up 22.67 Points and modest gains won every other Day except wednesday allowed the Market to Post a gain on the week. Alfred Goldman a Market analyst with . Edwards & sons inc. In St. Louis said the recent increase in the Federal Reserve discount rate and news of Sharp gains in january consumer and producer prices continued to put a lid on buying since the suggest the need for High interest rates to slow the Economy Down. Economic news did Little to change Goldman s forecast. The government s Index of leading economic indicators jumped 0.6 percent in january and personal income in Jan uary Rose 1.8 percent. On the trading floor Texas utilities was the most Active nose Issue ending unchanged at 28 k. The Stock traded sex dividend tuesday. Among the Active Blue chips. Union Carbide Rose i to 31ti, at to added a to 30 i and american express climbed i to 30 a. Elsewhere in the Sec Tor ism fell w to 20ft and general electric cased i to .44 �4. Oil stocks rallied after a Rise in Oil prices. The soviet Union and other non members of the organization of Petroleum exporting countries agreed to Cut Back their crude Oil exports. Ashland Oil soared 4% to 39, Texaco gained 2% to52w, Mobil Rose 2to to 48vt, Chevron added 1 to to 49 i and Exxon climbed & lo44 /4. On the american Stock Exchange the amex Market value Index Rose 4.73 to close at 326.22, advances led declines 446-362 among 1.026 issues traded. Amex volume totalled 46,914,145 shares compared with 44,432,000 traded a week earlier and 57.5h.640 traded in the. Same week a year ago. Texas air led the Macx actives falling it lo3 a. S the National association of securities dealers Index Rose 4.03 to 399.96. Refcr/7ers report big february soles gains by United frets International the nation s retailers reported robust february sales gains last week buoyed by a continued rebound of the women s apparel sector and fewer and More or Derly Winter clearance sales. Inventory Levels were held Down Dur ing the month analysis said to avoid the profit stealing markdowns that plagued merchants through much of 1988, sates probably would have even been belter if there was More on the shelves said Monroe or Constein a retail analyst at Bear steams & co in new York but in terms of profits the strategy is paying Many retailers including giants scars Mutual funds from Page 19 Roebuck & co. And Wal Mart stores inc., posted significant double digit sales gains. Chicago based scars which last week rolled out a new everyday Low. Pricing strategy by reducing prices on items reported a 13.2 percent sales gain for the month to 12.14 billion from s 1.89 billion. Same store revenues or sales at stores that were open a year ago Rose 6.6 per cent during the four week period that ended feb. 25. Analysts noted that the nation s larg est retailer ran huge sales during the month to prepare for the merchandising shift which required a one Day closure of scars 824 stores Fabj 28. Bentonville Wai Mart the no. 3 ranked retailer behind k Man corp., said sales Rose 25.6 percent lo$1.47 billion from ,17 billion in february 1988. Same store sales were up 11 percent. K. Mart corp., based in Troy mich., Fili cd to report Strong gains in women s apparel during the month and posted an 8.2 percent hike in sales to $1.99 billion from $1.47 billion. Same store sates Rose 3.5 percent. 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