Stocks Stymied By Dollar’s Woes

Another difficult day for the dollar and caution ahead of important economic data due this week blunted stock buying interest on Wall Street Monday and the market finished mixed.

Judging by the sluggish movement in most of the popular indicators and the slowdown in trading volume on the New York Stock Exchange, investors decided to take a break after Friday’s powerful buying wave that carried the Dow Jones industrial average to a record close.

The Dow industrials finished at 4,025.23, off 10.38.

Broader measures fared better. The NYSE composite gained 0.34 to 265.17 and Standard & Poor’s 500 stock index increased 0.48 to 490.05.

Volume on the Big Board’s floor eased. The total as of 4 p.m. Eastern time came to 275.00 million shares, down from Friday’s 382.94 million.

Mixed action overseas didn’t offer much to inspire Wall Street. On the Tokyo Stock Exchange, the 255-issue Nikkei Stock Average rose 119.26 points, or 0.73 percent, closing at 16,477.64. Stocks slid in London and Paris while ending mixed in Frankfurt.

Some of the stocks that moved substantially or traded actively:

NYSE

Bankers Trust New York Corp., down 9 7/8 to 51 1/2.

Investors dumped the stock following the disclosure late Friday that Bankers Trust will report a $125 million loss in the first quarter because of drastically lower revenues from trading activities in Latin America and sales of exotic derivatives. Several brokerages lowered the stock’s investment rating.

Other banks fell: J.P. Morgan, down 2 1/4 to 61; BankAmerica, down 1/8 to 47 1/4; Chemical Bank, down 1/8 to 38 7/8; and, Citicorp, down 1/4 to 41 5/8.

International Business Machines, up 1 1/8 to 82 1/4.

Securities analysts have raised their estimates of IBM’s 1995 earnings. Also, favorable comments were made about the computer company in the latest issue of Barron’s.

Micron Technology, up 1 7/8 to 69.

The computer chip company announced it will build a $1.3 billion semiconductor plant in Utah, ending a nationwide search.

NASDAQ

TNT Freightways, down 3 1/8 to 21 5/8.

The stock was removed from the “buy” list of the brokerage Wertheim Schroeder.

AMEX

Royal Oak Mines, up 1-16 to 3 1/4.

Firm gold prices have attracted investors to precious metals mining stocks. Also active on the American, Echo Bay rose 3/8 to 9 3/4 and Pegasus Gold gained 3/8 to 11 1/8.