Stocks Off Slightly After Dull Trading: Turnover Slumps 12 Active ...
NEW YORK, June 30ÛÓWith traders, brokers and analysts deserting Wall Street in droves to start on a four-day weekend, the stock market meandered to a mixed and quiet close today.</br></br>The Dow Jones industrial* average padded about with a small gain most of the session, but slid lower in the last hour to finish at 860,26, off 1.68 points. Standard & PoorÛªs 500-stock composite was down 0.21 point to 90.64 and the New York Stock Exchange index lost 0.08 point to 50.27.</br></br>For most of the day, the market seesawed between traders trying to lighten their load before the weekend and mutual funds intent on dressing up their six-month reports to shareholders. In the end, the forces of caution won a small overall victory.</br></br>7.86	million shares from 9.94 million on Thursday. Rising stocks held on to a small, 603 to 574 margin over losers, compared with the previous dayÛªs showing of 446 up and 787 down. New highs dropped to 53 from 81 and new loss rose to 40 from 31.</br></br>Glamor stocks took it on the chin again. Xerox, which has been leading the group down, tried to recover but stumbled and finished with a Y4-point loss at 273 !/4. Polaroid closed down five points at 201V4, its lowest price of the day, Itek was down 1% to 123%, Teledyne was off 2% to 189% and Texas Instruments eased half a point to 114%.