Early Rally Fizzles As Market Declines For Fifth Session
NEW YORK, July 30 (AP)ÛÓª_ The stock market declined today lor its fourth straight day after an early rally attempt fizzled.</br></br>The Dow Jones average of 30 industrials fell 2.99 points to 858.43. This brought the total decline in the past four sessions to 30 points and sent the Dow to its lowest level since Jan. 21. On that day it closed at 854.74.</br></br>Analysts said the rally effort, sparked by bargain hinting, failed to build much momentum. At one point, the Dow was up some 2 points, but it fell back in late session trading.</br></br>The market will ÛÏcontinue to erode unless there is some change in the negative news pattern,Û said Monte Gordon, analyst with Bache & Co.</br></br>In the news background was a Commerce Department report that consumer spending plans in the past three months had fallen sharply. The continuing rail strike and imminent steel strike were otlthe Big Board, 516 ad-