European Stars and Stripes (Newspaper) - July 8, 1990, Darmstadt, Hesse                                Page 20 a a the stars and stripes sunday july 8,1990 Dow up but most stocks Down in new York up a the Dow industrials posted their second straight weekly gain in very tight Holiday trading As the Independence Day Holiday kept Many investors out of the Market. The Dow Jones Industrial average Rose 25.74 Friday to close at 2904.95, accounting for All of last weeks gain of 24.26 Points or 0.8 percent. Among Broad Market indexes Standard amp poor a 500-Stock Index gained 0.40 to 358.42 and the new York Stock Exchange composite Index Rose 0.30 Points to close the week at 195.78. But most stocks lost ground last week. Declines led advances 943-844 among the 2,134 issues traded last  Board volume totalled just 500,334,280 shares Down from 702,897,090 a week earlier. Trading was almost As Light in the fourth of july week of 1989 a 504,482,210 shares. On the trading floor last week Philip Morris was the most Active Issue up 2 % to 49  instrument followed surging 9% to 45h after agreeing to a buyout by the Forstmann Little investment firm at amp to was third off 34 to 3814, among the other Blue chips ism added 34 to 118, american express gained 114 to 31 Viand Boeing Rose 2 to 60 a after announcing a huge Jet order placed by British airways and saying it expected to Cut its wont Force sharply in the state of Washington because of cuts in defense spending. On the american Stock Exchange the amex Market value Index lost 2.34 to close Friday at 358.87, declines Ted advances 450-336 among the 988 issues traded. Amex volume totalled 37,968,020 shares compared with 62,944,955 traded a week earlier and 37,900,425 traded in the same week a year ago. 1 Amdahl led the amex actives up it to 1734. The National association of securities dealers composite Index fell 1.75 to end the week at 460,54. Excessive in Washington apr a the government overpaid As much Assi million in bonuses to two Hubble space Telescope contractors for their Cost control efforts on the device which has been a major headache for Nasa a Magazine reported saturday. Congressional quarterly reported in its july 7 edition that the overpayment occurred at the same time costs for the expensive Telescope were rising dramatically. The original Cost estimate for the Hubble was $678 million but its final Price tag was More than $1.5 billion. The Magazine said information about the Bonus was contained in a july 1989 audit report by the National aeronautics and space administrations office of inspector general. The material was obtained through a Freedom of information act request. The Hubble was launched april 24 and Nasa announced june 27 that its two main mirrors would not focus properly. A manufacturing error was suspected. 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