U.S. stocks took two blows to the the chin this week: Yeltsin dissolved the 
      Russian parliament, sending world markets into a tizzy, and long-term interest 
      rates moved higher in response to some encouraging news on the housing front 
      and the overall economy. The sharpest decline came in the big-cap stocks, 
      especially the Dow industrials. But the Tokyo bourse was hit a lot harder, 
      despite the cut in the discount rate there. In addition to Russian jitters, 
      investors seem nervous over the health of Japan's economy. 
      
      MARKET ANALYSIS
                                                        % change
      U.S. STOCKS                            Latest   Week   52-week
      DOW JONES INDUSTRIALS                  3547.0   -2.4   8.2
      MIDSIZE COMPANIES (S&P MidCap Index)    172.1   0.4   18.6
      SMALL COMPANIES (Russell 2000)          246.5   0.5   28.2
      ALL COMPANIES (Russell 3000)            264.3   -0.8   12.5
      
      FUNDAMENTALS                           Latest   Week ago   Year ago
      LONDON (FINANCIAL TIMES 100)           3007.5    0.6        16.5
      TOKYO (NIKKEI INDEX)                 20,174.6   -3.7        10.3
      TORONTO (TSE COMPOSITE)                3954.9   -0.3        16.2
      
                                        % change (local currency)
      FOREIGN STOCKS                    Latest   Week   52-week
      90-DAY TREASURY BILL YIELD         2.98%   3.03%   2.98%   
      30-YEAR TREASURY BOND YIELD        6.09%   5.98%   7.49%   
      S&P 500 DIVIDEND YIELD             2.76%   2.72%   2.95%   
      
      TECHNICAL INDICATORS                       Latest   Week ago     Reading
      S&P 500 PRICE/EARNINGS RATIO                23.6       23.9      24.5      
      S&P 500 26-week moving average             449.2      448.9      Positive   
      Stocks above 26-week moving average        57.0%      60.8%      Negative   
      Speculative sentiment: Put/call ratio       0.50      0.49       Positive   
      Insider sentiment: Vickers sell/buy ratio   2.73      2.55       Negative
      BRIDGE INFORMATION SYSTEMS INC.
      
      INDUSTRY GROUPS
                               % change    Strongest             % change
      FOUR-WEEK LEADERS   4-week   52-week stock in group   4-week   52-week   Price
      
      ENTERTAINMENT         10.3   19.9   PARAMOUNT 
                                          COMMUNICATIONS       46.7   66.5   77 
      REGIONAL TELEPHONE 
      COMPANIES              7.8   21.9   BELLSOUTH            13.4   17.7   61   3/8
      TRUCKING               7.0   -3.0   CONSOLIDATED 
                                          FREIGHTWAYS          18.8   17.7   16   5/8
      MACHINE TOOLS          6.9   26.8   CINCINNATI MILACRON  10.1   60.2   24   5/8
      HEALTH-CARE SERVICES   6.7  -38.5   AMGEN                8.9   -43.7   38   1/8
      
                               % change      Weakest              % change
      FOUR-WEEK LAGGARDS   4-week   52-week  stock in group   4-week   52-week  Price
      HOSPITAL MANAGEMENT    -13.6   9.5     NATIONAL MEDICAL 
                                             ENTERPRISES     -33.0   -35.8   7   5/8
      OIL AND GAS DRILLING   -13.5   13.1    ROWAN           -19.8   1.6   8   1/8
      METALS                 -12.4   -16.4   INCO            -16.4   -28.8   18   1/2
      SHOES                  -11.8   -30.9   NIKE            -19.3   -40.7   44   7/8
      ALUMINUM               -10.5   -5.1    REYNOLDS METALS -13.4   -17.5   42   7/8
      MORNINGSTAR INC.
      
      MUTUAL FUNDS
      LEADERS                               LAGGARDS
      
      Four-week total return          %     Four-week total return          %
      GABELLI VALUE                   8.7   EXCEL MIDAS GOLD SHARES      -14.4
      SMITH BARNEY SHEARSON TELECOMM. 
      INCOME                          8.1   VAN ECK GOLD/RESOURCES       -13.2
      TEMPLETON DEVELOPING MARKETS    7.4   PIONEER GOLD SHARES          -12.8
      
      52-week total return               %    52-week total return                %
      LEXINGTON STRATEGIC INVESTMENTS  99.0   MONITREND GOLD                    -16.6
      PBHG GROWTH                      81.8   FIDELITY SELECT MEDICAL DELIVERY  -16.2
      FIDELITY SELECT BROKERAGE & 
      INVESTMENT                       61.5   INVESCO STRATEGIC HEALTH SCIENCES -15.8
      DRI/McGRAW-HILL
      
      RELATIVE PORTFOLIOS
      
         Foreign stocks   Treasury bonds   U.S. stocks   Money market fund   Gold
          $13,471          $12,190          $11,169         $10,224         $10,216
           -1.13%           -1.75%           -1.51%          +0.04%          +3.22%
      
      Dollar amounts
      represent the present value of $10,000
      invested one year ago in each portfolio
      Percentages indicate
      five-day total returns
      
      All data on this page are as of market close Wednesday, Sept. 22, 1993, unless 
      otherwise indicated. Industry groups include S&P 500 companies only; 
      performance and share prices are as of market close Sept. 21. Mutual fund 
      returns are as of Sept. 17. Relative portfolios are valued as of Sept. 21. A 
      more detailed explanation of this page is available on request.
      
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