List Suffers First Definite Drop in Two Weeks: Gold Shares Show Gains
NEW YORK, Feb. 5 (AP) ÛÓThe stock market declined today, yielding ground grudgingly, and posted its first clear-cut loss in 11 sessions. Trading was fairly active.</br></br>It was the first time in 11 trading days losses had outnumbered gains on the New York Stock Exchange, although in that period averages have posted daily declines from time to time.</br></br>Analysts saw this as a sign the market was ÛÏtiringÛ after its sustained climb to a series of record peaks in the market indicators and the posting of record highs above the "magicÛ level of 900 in the Dow-Jones industrial average.</br></br>Of 1390 issues traded, 616 declined and 503 advanced. New highs for 1964-Ûª65 totaled 111 and new lows 7.</br></br>Wall Streeters saw the uneasiness concerning the international monetary situationÛÓunderlined by the $100 million drop in U.S. gold holdings and French President Charles de GaulleÛªs proposals for a new monetary system based more closely to gold ÛÓas a factor affecting the bond market more than the stock market.