Despite the continuing free fall in the...

Despite the continuing free fall in the Japanese stock market and the value of the yen against the dollar, American stocks seemed to shrug off worldwide concern and meandered along their merry way with small losses on extremely low volume, said Irving Katz, director of research at Thomas Green/San Diego Securities.

Most San Diego stocks seemed to back and fill with the exception being financial stocks which continue in their downward trends. HomeFed Bank has dropped $2 in the past two weeks and Great American Bank is down $1 this past week as investors await the revised audited 1989 financial results.

The best gainer of the week was DH Technology, gaining two points after being featured in Barron’s financial weekly. After the stock was recommended in the publication by an analyst who specializes in high-technology growth stocks, DH Technology shares made a new high of $15.75 on volume of 233,300 shares on Monday. DH Technology is seen as a major player in the dot matrix computer printer head market.

The only other stocks that gained more than $1 for the week were Molecular Biosystems, up $1.25, and Mail Boxes Etc., gaining $1.50 on good growth prospects.

Price Co. was down $2 for the week as its second-quarter earnings after adjustment for reporting periods showed only minimal improvement over the same quarter last year. Other significant losses during the week included Psicor, down $2, and Magma Power, down $1.50.