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Wall Street Scene

Interest rates fell last week, but so did stock prices. Investors, concerned about the state of the economy, pulled back, unimpressed by the Federal Reserve Board's cut of 1/2 percent in the discount rate. For the week, the Dow Jones industrial average fell 7.26 points, closing at 1,011.50. Volume slowed on the downturn as investors waited for a sign of a revival of the bull market.