European Stars and Stripes (Newspaper) - July 15, 1990, Darmstadt, Hesse                                Page 20 a a the stars and stripes sunday july 15,1990 stocks surge to record highs on rates Outlook a a a w a. A. N Rhino at amp to Felt 1 to 37%. Ism of Alicei new York up a Stock prices buoyed by a Rosier Outlook for interest rates breached the landmark 3,000 level for the first time Ever last week before retreating to More sustainable Levels at the close. The Dow Jones Industrial average which Rose 10,40 Friday to close at a record High 2980.20, jumped 75.25 Points or 2.6 percent on the week. Among broader Market indexes Standard amp poor a 500-Stock Index surged 8.89 to 367.31 and the new York Stock Exchange composite Index Rose 4,55 to close the week at 200.33, also a record High. The previous record was 200.21, set june 4. Advances led declines 1,172-705 among the.2,180 issues traded last week. Big Board volume totalled 856,366,780 shares up from 500,334,280 a week earlier and 801,475,010 shares a year ago. The Market capped the week with two consecutive 200-million-Sharc sessions Only the second time this year that has happened. The other two such sessions were May 11 Ana May 14, a Friday and monday. Some analysts seemed to see no special significance in the 3000 level. A a it a terribly important Only to a few numbers freaks a Alfred Goldman Market strategist at . Edwards amp sons inc. In St. Louis said after the Market closed Friday Goldman placed More importance on Federal Reserve Board Cha Imam Alan Greenspan a comments thursday that its time to lower interest rates. �?o1 think the fed chairman did More than run it up the flagpole yesterday and the Market is taking it As positive Quot he said. A but As for Why he a doing it to Mutual funds avoid a credit crunch i done to buy that. I think there s concern that the Economy is slumping and he s trying to Shore up economic  Wal Mart was the most Active Issue last week up 4s/ to 35 a a reflecting anticipation of a Strong june sales report. Investors Confidence was borne out. As the retailer posted a 14 percent same store increase for june. Computer associates International followed plummeting 6 to 9v% after saying it expected to report lower first Quarter Revenue. Philip Morris was third up a to 49eastern to face new York apr Eastern airlines has been told by the Federal government it will be charged with criminal violations for allegedly altering maintenance and safety records before the machinists strike Abc news reported. Quoting unidentified sources close to Eastern the net Woric said Friday the airline is considering whether to plead guilty or no contest. A. It will be the first time an airline has faced such charges Over maintenance practices Abc reported Friday. A Federal grand jury conducted a 10-month investigation into allegations that Eastern altered maintenance and safety records at new Yorkus John f. Kennedy and la Guardia airports and at the carriers major Hub Hartsfield Airport in Atlanta. The network said Eastern managers at Kennedy and Laguardia allegedly told mechanics to disregard safety guidelines then falsified logbooks to show that proper in among Blue chips at amp to fell 1 to 37 is ism rallied 3 to 121, general electric jumped 4 a to 74 % and Exxon Rose i to 48%. On the american Stock Exchange the amex Market value Index Rose 5.12 to close Friday at 363,99. Advances  407-397 among the 1,007 issues traded. Amex volume Rose to. 71,050.520 shares from 37,968,020 traded a week earlier and 66,601,110 traded in the same week a year ago. Amdahl led the amex actives tip i a to 18%. Sections were earned  a bankruptcy trustee Martin r. Shugrue told Abc he discussed the investigation with . Attorney Andrew j. Maloney. Quot he sought my cooperation As trustee a Shugrue said. A i pledged it to him and the investigation is  Eastern a lawyers planned to meet with Maloney on monday to say whether they will fight charges the network Maloney would not comment on the Case. There was no answer to Telephone Calls Friday night at Eastern s offices in Miami. Shugrue was named trustee to run Eastern As Frank Lorenzo a replacement while the airline tries to pull itself out of bankruptcy proceedings. A a v machinists at Eastern have been on stake since March 1989. From Page 19 Oberts is a 16,57 of Oil Euln 12,78 12.7803 old Dom 20 60 21.86. 08 Olympus funds "56. 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