European Stars and Stripes (Newspaper) - January 13, 1991, Darmstadt, Hesse                                Page 16 a a the stars and stripes sunday january 13,. 1,991gulf crisis leaves pundits traders confused new York apr As the crisis in the Middle East has intensified Many Wall Street analysts have ail but Given up the game of trying to forecast the Short term financial Outlook. The situation is too full of imponderables they say to enable them to make anything More than a Blind bet on what the markets might do in the next few Days or weeks. A. A a ,. A -. A a a. / Stock traders showed their confusion and uncertainty Over the persian Gulf situation last week sending the Market through contortions As Hopes Rose and fell hour by hour for a peaceful settlement. By the close on Friday the Dow Jones average of 30 industrials stood at 2,501.49, Down 64.60 Points from the week before. Other readings for the week showed the new York Stock Exchange composite Index Down 3.17 at 172.78 the Nash a composite Index for the Over the counter Market Down 5.44 at 361.80, and the american Stock Exchange Market value Index Down 4.29 at 298.76. Volume on the big Board averaged 142.53 million shares a Day against 130.67 million the week before. Beyond the primary Issue of whether War could be avoided Many analysts saw reasons to believe the Gulf crisis would have Long lasting effects that Are now Only dimly visible. For instance suggested Edwardi Yardeni chief economist at Prudential Bache securities a whether it is War or peace we believe that open is finished. A was a result of the persian Gulf crisis it is now obvious that the saudis a always counted on the . Mili tary forces to protect them from their hostile neighbors. A was a quid pro quo the United states expects that the saudi Royal family will pump As much Oil As the world needs at a reasonable Price. A saudi Arabia would be another province of Iraq today but for the rapid deployment of . Troops into the  demise of Al 2 hits vendors fort Worth Texas a general dynamics corp. And Mcdonnell Douglas corp. Have stopped payments to hundreds of subcontractors and suppliers because of the cancellation of he a-12 stealth attack plane program. The a-12 subcontractors Are located in 42 states and some of the companies have begun layoffs the Dallas morning news reported in its saturday editions. Analysts estimated the amount of payments general dynamics and Mcdonnell Douglas owed a-12 subcontractors at $600 million to $750 million. Defense Secretary Dick Cheney cancelled the program earlier last week. The Pentagon later announced it will try to recover $1,9 billion in reimbursements from the two contractors. A about 10,000 employees worked on the a-12 program at subcontractor and supplier companies Mcdonnell Douglas said. The morning news said it was unclear How Many jobs nationwide will become casualties of the cancellation a or whether some of the employees can be shifted to other jobs. Chris Schildz. A spokesman at general dynamics Headquarters in St. Louis said the company suspended payments to its subcontractors a until we can ascertain where we stand with All vendors and can determine what payments can be made to  he stressed that the suspension of payments is temporary. A we wont arbitrarily Stop paying people who have a right to be paid a Schildz  funds from Page 15 a a map in 9 82 Noper Lar 15.57 no .03 select 16.27 no 02 new Aii i 23.70 25.13 08 Nowc Nelp 9.57 no t 08. New England Fri Balan p 7.89 8 44 i 02. Bdl up .1110 1162-01 glob up 12.30 12 88 01 go sep 11.30 11 83 02. Go lip 846 9.05 f 03 to temp 5 23 5 59 03 a to exp 7 16 7 50 .01 by Mun 1.04 1 04. Newt i 20 20 Nln 01 Newt in8 15 no. 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