The Dow Jones Industrial Average finally broke...

The Dow Jones Industrial Average finally broke through to a new 1988 recovery high, confirming the transportation average that did the same 10 days ago, according to Irving Katz, director of research for Thomas Green/San Diego Securities.

Interestingly, the smaller capitalization stocks, as measured by the Value Line and NASDAQ indexes, have been making new recovery highs since the Oct. 19 market crash consistently for the past few weeks, Katz said.

Henley Group was the major mover of the week, up $3.125 to $25 as it reported a 1987 loss of $2.87 per share and continued to do battle with Sante Fe Southern Pacific.

Fisher Group, Henley’s majority-owned subsidiary, was down $1 to $18.25 despite reporting excellent fourth-quarter earnings of 30 cents per share.

Intermark was up $.625 to $10, and Triton Group, its associated company, was up $1.25 to $12.25. Triton announced it had retained Drexel Burnham as a financial adviser concerning the possible sale of its 89%-owned Continental Graphics subsidiary. Continental Graphics gained $3.50 to $12. Triton Group recently received $117.5 million for the sale of its Simplicity Pattern division.

Cohu gained $1.25 to $8.275 as it announced fourth-quarter earnings of 36 cents, compared to a loss during the previous year and earnings of $1.03 for the year. The stock is still selling below its book value of $8.75, Katz said.

Molecular Biosystems was up $1.125 after signing a distribution pact with Fisher Scientific for a DNA and RNA purification device.

Energy Factors was up $1.125 to $8 as it signed a definitive merger agreement with Sithe Energies at $8.25.

Chopp Computer was chopped off NASDAQ and quotes are no longer available on the automated quotation system, Katz said.

Advanced Marketing Services gained $1 to $10.50. The company’s president will talk to the San Diego Stock & Bond Club on Thursday.

Mailboxes Etc. gained $.50 to $12.25 upon reporting a 17% increase in third-quarter earnings, to $.27 per share.

International Totalizator closed the week unchanged at $2.50 as it successfully sold $5 million of 10% convertible debentures, convertible at $3 down. The company had initially registered for a $12 million offering.