Stocks  were  mixed  at the close Thursday as portfolio managers made      
last-minute quarter-end adjustments.  The Dow Jones  industrial  average  fell  
11.18 to close at 3555.12.                                                      
   Advances, however, led declines, 1129-868, on the New York Stock Exchange.   
Adjusted volume was 280,989,700 shares.                                         
   Tick jumped to +605 at the close, probably indicative of end-of-quarter      
purchasing by portfolio managers.                                               
   The NASDAQ composite index was down 0.39 to 762.78, but advances topped      
declines by a wide margin on NASDAQ, 1811-1146, in heavy volume of 305,290,700  
shares.                                                                         
   GM, the most active Big Board issue, dropped 2 to 41 7/8, a 14-week low. GM  
of  Canada  reached  a  deal  with  the Canadian Auto Workers union averting a  
strike. The deal is similar to one the union  reached  with  Chrysler  Canada,  
which GM had said that it did not want to accept as a model.                    
   United  Airlines' flight attendants dropped out Thursday from the coalition  
it formed with pilots' and machinists' unions to gain control of the  carrier.  
News of the decision knocked down UAL stock by 3 3/4 to 137 1/4.  Expectations  
of the flight attendants' defection pushed UAL down 3 5/8 on Wednesday.         
   YPF  SA  was  up  1  to 25 3/8 as the third most active issue. Smith Barney  
Shearson added the Argentine oil and gas concern to its buy list.               
   Western  Waste  Industries did not trade Thursday after falling 2 points to  
17 5/8 Wednesday.  The company said it "knows of  no  reason  for  its  recent  
stock activity," and still plans on a proposed merger with Browning-Ferris.     
   The Dow open, theoretical intraday high and low: 3561.27; 3583.63; 3528.57.  
   Ricky   Harrington,   senior   vice  president  and  technical  analyst  at  
Interstate-Johnson Lane in Charlotte, N.C., said  the  weak  bond  prices  and  
quarter-end  ``window-dressing''  were  ``the two main factors that influenced  
the market today.'' He added there also was ``a little bit of profit taking in  
technology stocks,'' following their recent run-up.                             
   Although bonds fell more than 1/2 point,  several  interest-rate  sensitive  
market  indicators  gained  ground.   The  Dow  utility average gained 0.13 to  
249.80, and the NASDAQ banking index climbed 7.08 to 698.81.                    
   WMX  Technologies  was  down  1 to 30 1/2 and Chemical Waste Management      
fell 1/4 to 8 1/2.  The latter said it would  cut  1,200  jobs  and  incur  an  
after-tax  charge  of  $1.74 a share due to a "revaluation" of its incinerator  
and fuel blending operations.  WMX owns 79% of Chemical Waste Management.       
   Rowan Companies was up 3/4 to 9 1/2.  It said that business conditions have  
improved, mainly due to increased drilling revenues in the Gulf of Mexico.      
   IDB Communications was down 1 to 51.  Two shareholders will sell             
10.7 million shares in IDB.  The company will receive none of the proceeds.     
   USF&G was down 1 7/8 to 14 3/8.  Kidder Peabody cut 1993 earnings estimates  
by 15 cents a share to 50 cents, citing low-yielding investments.               
   California  Federal  Bank  was  up  1 5/8 to 15.  It hired Smith Barney      
Shearson to "maximize shareholder value."                                       
   Lomas Financial was rated "sell" by a brokerage house initiating coverage.   
The stock was down 1 3/8 to 9.                                                  
   Community Psychiatric was up 1 1/2 to 13 1/2 after a brokerage upgrade. It   
reported an 80% increase in third-quarter per-share earnings Wednesday.