Stocks, Bonds Take a Fall; Dow Off 14.62

Tumbling bond prices and renewed worries over the insider trading scandal sent stocks broadly lower Friday, analysts said.

But the market still ended the week with a net gain--despite three straight days of losses--thanks to Tuesday’s major advance that set a record high.

At the close Friday, the Dow Jones average of 30 industrials stood at 1,925.06. That was 14.62 points lower than Thursday but still 10.83 points ahead of the closing figure a week earlier.

Decliners outpaced gainers by about 13 to 7 on the New York Stock Exchange.

Big Board volume totaled 139.82 million shares, down from Thursday’s 156.91 million.

In the bond market, the price of the 30-year Treasury issue lost about 1 points, or $12.50 for every $1,000 in face value, as its yield rose to 7.37% from Thursday’s 7.27%.

On Friday, two unsettling factors crept into the market. The Labor Department said the nation’s civilian unemployment rate remained unchanged at 7% in November, while non-farm payrolls were up by a higher-than-expected 249,000. The latter development sent bond prices sharply lower.

In the secondary market, prices of short-term governments were off about point, intermediate maturities fell by between 1/2 point to 3/4 point and 20-year issues slid about 1 points, according to brokers’ quotes supplied by the financial information system Telerate.

The federal funds rate was unchanged from Thursday at 5.875%.