Market Static In Dull Trade
NEW YORK, May 23ÛÓThe stock market hung near dead center today, with little news to push it either way. I Trading activity slackened.</br></br>The Bow Jones industrial average showed mostly fractional changes on the downside through most of the session.</br></br>Co. after directors cut the quarterly dividend. When the stock re-opened with a 3 Is-point loss at the Dow dropped to a closing loss of 3.64 points at 893.15.'</br></br>Standard & Poor's 500-stock composite was down 0.21 point to 96.97 and the New York Stork Exchange index lost 0.07 point to 54.53.</br></br>The pace of activity fell about 10 per cent, to 12.85 million shares from the 14.2 million turned over on Wednesday.