Blue Chips Lead Market Decline: Dow Jones Drops 4.9 High Short Interest Eastman Loses 1
NEW YORK, May 18ÛÓA record-setting block tradeÛÓ the second in two weeksÛÓfailed to help the stock market today as blue chips pulled the list to its second straight</br></br>The block of one million shares of Pacific Petroleum that crossed at 13% early in the day was the largest single number of shares ever to trade on the Exchange. It eclipsed the former record of 585,600 shares of Sperry Rand which changed hands on May 4.	But it was still behind the richest trade ever madeÛÓ 100,000 shares of Xerox Corp. at $201 a shares last Aug. 8.</br></br>Aside from that, however, it was a down day all the way. Blue chips once again could not get moving and, although the glamor stocks made a few upward stabs, the list weakened more broadly just before the close.</br></br>Thet Dow Jones industrial average led the major indicators on the downside again, dropped 4.90 points to 877.34. Standard & PoorÛªs 500-stock composite lost 0.25 point to 92.53 and the NYSE index was down 0.11 point to 51.04.</br></br>Volume ran ahead of WednesdayÛªs total, but not by as much as the shares in the big trade. Turnover came to 10.27 million shares compared with 9.56 million the day before.