U.S. STOCK PEAK

Press, Volume CV, Issue 30952, 7 January 1966, Page 11

U.S. STOCK PEAK

Dow Jones Record

The New York Dow Jonu share price index reached an all-time record peak in stock market trading on Wednesday. The index figure, for an average from 30 industrial stocks, rose by 12.30 points to 981.62. On December 31, the biggest year in American stock market history reached a climax with the industrial average at 969.26, after very brisk closing trading. Then, on Tuesday this week, the record was lifted slightly to 969.32. Several leading United States stockbrokers had predicted a peak possibly as high as 1000 points by the year's end, but results fell a little short of their mark. Now, in the New Year which many American economists say should stay at the present boom level—or even improve —the stockbrokers’ forecasts seem likely to be justified. But a number of market ex[perts have warned that the | present company business | expansion may slow down a bit. Although the internal United States economy is strong, a change in the Vietnam situation could quickly have widespread effects in America. New York, London and Sydney indices are.— London. —Financial Times (industrial ordinary 1935, equals 100; Government, 1926, equals 100; gold, 1955, equals 100): 1964 Industr. Govt. Gold

METALS

(N.Z. Press Assn.—Copyright) LONDON, Jan. S. Latest London Metal Exchange prices for spot supplies are as follows:

Oct. 1 .. 377.8* 82.15 56 4 Dec. 31 ... 355.0 79.00 68.8 1965 Dec. 31 339.7 78.74 60 5 1966 Jan. 3 I.. 338.7 78.74 61 3 Jan. 4 .. 337.5 78.81 61.8 Jan. 5 .. 337.3 78.98 61.8 New York.—Dow Jones: 1964 Ralls. Indust. Sold Dec. 31 205.34 874.15 8,470,000 1965 Dec. 31 247.48 969.26* 7,240,000 1966 Jan. 3 247.38 968.54 5,950.000 Jan. 4 247.98 969.32* 7,540,000 Jan. 5 248.40 981.62* 9,650,000 Sydney —Sydney Stock tx* change (July, 1931. June. 1939, equals 100):-— 1964 Retail. Ord. Indust. Feb 27 . 472 60 379.21* 395 24 Dec 31 .. 42476 367 03 398 11 1965 Dec 30 . 360.16 320.76 353.45 1966 Jan. 4 . 362.87 324.27 358 .30 Jan. 5 363.09 324.94 359.11 Jan. 6 . 364.47 325.95 360.38

Buyers Sellers a ton a ton lt d. ltd. Copper .. 569 0 0 569 0 0 Tin .. 1403 0 0 1405 0 0 Lead .. 109 12 « 109 15 0 Zinc .. 110 12 « 110 15 0