Market Is Pounded; Dow Plunges 16.85
NEW YORK, Fob. 14 fAP) ÛÓ Stock market prices took a pounding today as investors apparently lost their enthusiasm over efforts to resolve international monetary troubles.</br></br>The Dow Jones average of 30 industrial stocks plunged 1685 points, declining steadily throughout the day to a 979.91 close. Declining issues far outpaced gainers, 1.202 to 306. among the 1.807 issues traded on the New York Stock Exchange.</br></br>The Amex price-change index fell .14 to 25 47, while losers topped winners by 646 to 263 among the 1.185 Amex issues traded. Volume sank to 2.96 million shares, versus 4.45 million Tuesday.</br></br>In Over-the-Counter trading, the NASDAQ composite index fell 1.77 to 125.42, while the industrial index dropped 1.56 to 124.41.</br></br>CN'A Financial was the Big BoardÛªs volume leader today, losing 54 to 16% after a giant 911.400-share block changed hands at 16Vi. It was the 15th-largest block transaction ever recorded at the exchange.