
    The  Dow  Jones  industrial  average  fell 6.76 to 3832.02 Monday, but
breadth was positive, with advances leading declines,  1448-731,  on  the  New
York  Stock  Exchange,  and the NASDAQ composite index up 8.73 to 792.51.  The
latter rise is equivalent to a 40-point gain by the Dow industrials.  Adjusted
volume  on  the  NYSE  was  267,447,780 shares.  NASDAQ volume was 287,499,400
shares.  The Wilshire 5000 rose $18.979 billion to $4,678.388 billion.
   Philip Morris was down 2 to 56. Tobacco stocks were  lower  after  the  FDA
said  Friday  that  cigarettes  could be subject to regulation as a drug.  RJR
Nabisco, the most active Big Board issue, was down 3/8 to 6 7/8.
   MCI, the most active NASDAQ issue, rose 7/8 to 27 3/8 after saying it  will
invest  $1.3  billion in Nextel Communications as part of a strategic alliance
to offer MCI  wireless  personal  communications  services  later  this  year.
Nextel, second most active, was up 5 5/8 to 44 1/4.
   Thomson Advisory Group L.P. was up 2 7/8 to 35 1/4 after saying it is in
merger talks with Pacific Mutual Life Insurance.
   Columbia/HCA Healthcare was up 2 1/8 to 43.  It  said  that  earnings  from
continuing  operations rose to 52 cents a share in the fourth quarter, up from
44 cents in the year-ago quarter.
   Church & Dwight was down 2 1/8 to 22 7/8.  It said that first-quarter sales
will be 5% to 7% below those of last year,  and  per-share  earnings  for  the
quarter will be about 20 cents below analyst expectations of 31 cents.
   Snapple Beverage was up 1 1/8 to 28 7/8.  It said after the close it
entered into a 10-year joint venture with Tetley to supply Snapple with tea.
   The Dow open, theoretical intraday high and low: 3848.34; 3874.52; 3817.95.
   Emulex was trading at 5.  The stock closed at 6 1/8 Friday, after which  it
underwent  a  1-for-2 reverse split and distributed shares of QLogic to Emulex
shareholders on a post-split 1-for-1 basis.  QLogic,  which  makes  microchips
for small computers, climbed to 6 1/8 Monday.
   Resound was down 3/4 to 18 3/4. The company said that on Friday, Montgomery
Securities   issued   bearish   comments  about  the  first  quarter  for  the
hearing-aid industry as a whole, due to the severe winter weather.
   Players International, up 1 to 24 3/4, removed 2.5 million shares  from  an
intended offering due to the stock's recent decline.  A private placement will
still sell 1 million shares.
   Tops  Appliance  City  was down 3 1/4 to 10.  Fourth-quarter net fell to 34
cents a share from 55 cents, pro-forma, a year ago.  Fourth-quarter same-store
sales were down 17%.
   Westmoreland Coal fell 1/2 to 5 1/4.  Its lost $92 million in the fourth
quarter and said it was in need of cash.
   American Healthcorp fell 5 1/2 to 16. It said second-quarter earnings would
be about 17 cents a share,  down  from  19  cents  in  the  year-ago  quarter.
Analysts were expecting 22 cents a share.
   American  Precision  Industries,  up 1 3/8 to 8, said it was mentioned
favorably on a market-related TV show Friday. It declared a regular dividend.
   Browning-Ferris was up 3/8 to 28 5/8.  A New York Supreme Court justice
ruled that the company should be allowed to compete in New York City.

 
                02/28/94       FOREIGN STOCK REPORT

INDEX         CLOSE   CHANGE      INDEX              CLOSE     CHANGE
NIKKEI      19997.20  +193.90     STRAITS TIMES     2342.72d    -14.67
TOPIX        1631.71   +21.84     SINGAPORE ALL      603.03d     -2.11
HANG SENG   10410.23  +309.98     SYDNEY ALL ORD    2180.10     +31.30
   Buying by foreigners pushed Tokyo stock prices higher in  moderate  trading
Monday.  The  Nikkei average of 225 selected issues rose 193.82 points - 0. 97
percent - to 19,997.20 after rising 37.90 points Friday.
   The broader-based Tokyo Stock Price Index, which edged up 29.77 points
Friday, closed at 1,631.71, adding 21.84 points.
   Volume was estimated at 430 million shares, compared with the previous day's
447.86 million shares.
   The Nikkei 225 opened at its bottom of 19,848.58 and peaked at 20, 117.21
mid-morning. Lively buying by foreigners periodically pushed the average above
the 20,000 line last attained on Feb. 8.
   Gainers trounced losers 810 to 244, with 129 issues unchanged.
   ``The failure of the G-7 (Group of Seven) meeting at the weekend to achieve
anything on the yen-dollar situation had no affect on the market,'' said UBS
Securities Ltd. trader, Raymond Bressoud. ``Now it will be looking at how the
yen trades overseas.
 HONG KONG  Prices  rebounded  on  the  Hong  Kong  Stock  Exchange  after
plummeting  last Thursday and Friday. The Hang Seng Index soared 309.98 points
or 3.1 percent in value to 10,410.23.
 SEOUL  The Korean Composite Index slipped 7.43 points to 918.88.
 SYDNEY  The Gold Index jumped 41.8 points to 2,291.5.
    LONDON  Stocks  closed  higher  Monday.   The  Financial  Times  Stock
Exchange  100-share  index  closed  at  3,328.1  points,  up 46.9 points.  The
Financial Times 30 index was at 2,563.8, up 28.2 points.  Volume dipped to  an
estimated 705.4 million shares from 792.4 million shares Friday.
   Comments  on  inflation  by Bank of England governor Eddie George after the
weekend meeting of G7 nations underpinned stock prices. George said he saw  no
threat  of rising inflation, prompting speculation that British interest rates
may have further scope to fall.
   Mining  company  RTZ  jumped  32  cents  to $12.78 also helped by a wave of
buying ahead of annual results next week.
   Shell gained 17 cents to $10.69 on the back of rising oil prices, while
British Petroleum added 5 cents to $5.50.
   Enterprise Oil rose 11 cents to $6.45 ahead of its earnings results, due out
next week on March 10.
   Hong Kong and Shanghai Banking Corporation jumped 8 cents to $14.15 after
announcing a 51 percent surge in its 1993 pre-tax profits.
   Standard Chartered Bank, however, lost 29 cents to $18.12 due to some
recommendations to switch into HSBC.
   Also in the financial sector, Abbey National added 8 cents to $7.65 ahead of
its annual results, which are expected to be announced on Tuesday.
 FRANKFURT  The German  Stock  Index,  which  lost  15.37  points  Friday,
rebounded 16.65 points to 2,091.57.
 PARIS   The  CAC40  Index,  which lost 9.37 points Friday, jumped 39.14
points or about 1.8 percent in value to 2,238.06.
 TORONTO  The Toronto  Stock  Exchange's  TSE-300  continued  last  week's
upswing  Monday,  rising 59.61 points to 4423.84. The TSE-100 also was up 3.62
points to 265.84, while the Toronto 35 Index 35 rose 3.60 points to 278.82.
   Advancers led decliners 526-276, with 302 issues ending unchanged.
   All the exchange's 14 subgroups finished higher, led by gold and silver,
which rose 237.83 points to 10303.90.
   Volume eased to 53.3 million shares worth $492.1 million. compared with
Friday's 58.7 million shares worth $583.8 million.
   Active stocks included included Maclean Hunter, up 18 cents to $12. 03, and
Stelco, up .8 cents to $5.74.
   Large net changers included Rothman's Inc., off $2.59 to $62.96, and West
Fraser Timber up $2.31 to $30.92.
