
   The Dow Jones industrial average gained 9.21 Thursday to close at
3635.96, stemming five straight days of sharp decline.
   Breadth remained poor, with declines topping advances, 1539-746, on the New
York Stock Exchange.  Adjusted NYSE volume was 398,825,650 shares.
   The NASDAQ composite index was down 1.45 to 743.46, rebounding from a 13-
point midday decline.  NASDAQ volume, at 413,787,000 shares, was the second
heaviest in history.
   The Wilshire 5000 fell $6.494 billion to $4,459.686 billion.
   The  New  York  Stock Exchange's ``uptick rule,'' which restricts computer-
guided sell programs, went into effect at 9:57 a.m. CST when the  Dow  dropped
more  than  50 points. It was the third day in a row that the market triggered
the trading curbs, which were lifted two hours later.
   "We're receiving more customer calls than usual, yet the majority of people
are  not  taking  any  action,"  said Rodger T. Servison, managing director of
Fidelity Investments, Thursday afternoon. "This situation has not  caused  any
unusual  activity  for our portfolio managers," Servison said.  "In fact, some
of our managers are using this opportunity to add to their positions."
   Semiconductor stocks were among the rebounding issues Thursday.  Motorola
was up 3 1/8 to 101 1/4, Micron Technology gained 2 3/4 to 83 1/4 and Intel
was up 1 1/4 to 67 1/2.
   AlliedSignal, up 2 1/4 to 36 1/2, and J.P. Morgan, up 2 1/4 to 62 3/4,
kept the Dow in positive territory.
   Mining stocks also rallied, led by Coeur d'Alene Mines, up 1 5/8 to 22 5/8.
   The Dow open, theoretical intraday high and low: 3639.71; 3673.10; 3544.12.
   Ronald  Schroeder, chief investment officer of J.& W.  Seligman, called the
decline in stock prices a normal correction in a bull market.  Schroeder  said
that  the  major  contributor  to  falling  stock  prices  has been the rise
in government bond interest rates above 7%, which in his opinion is overdone.
   But James Stack, editor of  the  InvesTech  Market  Analyst  newsletter  in
Whitefish,  Mont.,  said  that the explosion in the number of stocks hitting
new 52-week lows was an indicator that a bear market had, in fact, begun.
   Sutton Resources was down 5 1/2 to 32.  The company said Wednesday that
a lawsuit was favorably resolved, providing Sutton rights to negotiate an
agreement on a large gold property in Tanzania.  A Sutton representative noted
that the stock had rallied prior to the lawsuit's positive resolution.
   Pyramid  Technology  was  down  3  7/8 to 7 7/8.  It expects second-quarter
revenues to be 15% lower than those of a year ago, leading  to  a  significant
loss.  A decline of business with traditional OEM partners was blamed.
   Software Toolworks was up 4 1/4 to 14 1/4.  Pearson PLC, publisher of the
Financial Times, said it would buy Software Toolworks for $14.75 per share.
Software Toolworks makes entertainment software for PCs and video games.
   Woolworth fell an additional 1 5/8 to 15 5/8. It revealed Wednesday that it
would restate financial results for the fiscal year ended January 1994 and
possibly for the prior year too.
   Kemper used the selloff to issue buy recommendations on several issues that
recently declined in price, including Superior Industries, up 1/2 to 34 3/8.
   Turf Paradise was up 2 1/4 to 11 3/4.  It will  be  acquired  by  Hollywood
Park in a stock swap valued at $13 per share.

                03/31/94       FOREIGN STOCK REPORT
INDEX         CLOSE   CHANGE      INDEX              CLOSE     CHANGE
NIKKEI      19111.90  -448.00     STRAITS TIMES     2080.90d    -47.49
TOPIX        1563.21   -25.01     SINGAPORE ALL      535.23u    -11.31
HANG SENG    9029.91  -202.30     SYDNEY ALL ORD    2053.10     -39.30
(UPI) Buffeted by a soaring yen and matching the downward trend of
overseas markets, Tokyo stock prices nosedived in lean trading Thursday.
   The Nikkei average of 225 selected issues plunged 447.99 points - 2.3
percent - to 19,111.92 after shedding 149.83 points Wednesday.
   The broader-based Tokyo Stock Price Index, which dropped 16.33 points
Wednesday, closed at 1,563.21, plummeting 25.01 points.
   Volume was estimated at 280 million shares, compared with the previous day's
314.59 million shares.
   The Nikkei 225 peaked on 19,547.01 about 40 minutes after the open, and it
bottomed on 19,082.82 almost 30 minutes before the close.
   Losers trounced gainers 766 to 247 with 179 unchanged.
   ``Things were wild today,'' said UBS Securities trader Raymond Bressoud.
``We were the most volatile market in Asia today. The high yen and weak markets
overseas were the main factors.''
   Foreign buyers held back and there was no entry of institutional buyers into
the market as players had expected Bressoud said.
   LONDON Stock prices  closed  slightly  lower  Thursday  on  the  London
International  Stock  Exchange,  lifted  late in the session by a rally in the
bond market. The Financial Times 100-stock index fell 6.0 points to 3,093.4.
   Volume amounted to around 721.6 million shares compared with 754.2 million
shares changing hands Wednesday.
    Pearson sank 40 cents to $9.61 after announcing the purchase  of  Software
Toolworks.
   Building materials company Redland jumped 33 cents to $8.19 after announcing
better-than-expected 1993 results, accompanied by a positive statement on
current trading.
   Radio stocks surged against a dismal background following an agreed cash
offer for Southern Radio from Capital Radio.
   Southern jumped 33 cents to $1.72, against the bid price of $1.72, while
Capital rose 30 cents to $6.25 on the news.
   A cautious note from analysts at NatWest Markets on building products and
security printing company Caradon knocked 15 cents off the stock to $5.45.
  FRANKFURT  Stock prices on the Frankfurt Stock Exchange fell in moderate
trading. The German Stock Index,  which  lost  20.82  points  Wednesday,  lost
another 14.42 points to 2,133.11.
  PARIS  Stock  prices  eased  in  light trading on the Paris Bourse.  The
blue-chip CAC40 Index, which sank 39.57 points Wednesday, slipped  1.93  point
to 2,081.94.
 HONG KONG The Hang Seng Index dropped 202.30 points  or  2.2  percent  in
value to 9,029.91. The key index fell 247 points Wednesday and 202 points this
week.
   Volume was almost unchanged at a moderate 4.52 billion shares.
   Heavy selling on Wall Street pressured the Hong Kong market this week as
U.S. investors turned bearish because of fears of further U.S. interest rate
hikes.
 SEOUL Stocks held ground and made a slight rebound on the Korean Exchange
in  light  trading.  The  Korean  Composite  Index,  which  lost  9.94  points
Wednesday, added 1.54 points to 867.22.
   Declines, however, outnumbered advances 458 to 274, while another 117 issues
remained unchanged.
 SYDNEY Investors dumped stocks on the Sydney Stock  Exchange  spooked  by
the sharp fall on Wall Street. At the close of a shortened half-day pre-Easter
trading  session,  the  All  Ordinaries Index fell 39.3 points to 2,053.1. The
index lost 8.4 points in the previous session.
   Large losses occurred across the boards as the All Industrials Index dived
55.4 points to 3,114.3 and the All Resources Index fell 27.3 points to 1,247.8.
   The Gold Index lost 30.1 points to 2,301.5.
   Trading for the half-day session was reasonably busy as volume amounted to
an estimated 360 million shares, compared with 480 million shares during
Wednesday's full session.
   Declines more than doubled advances, 395 to 161, however another 320 stocks
remained unchanged.
