MARKET IN NEW YORK

Press, Volume CVI, Issue 31124, 29 July 1966, Page 16

MARKET IN NEW YORK

Wall Street Recovers (N.Z.P.A. -Reuter—Copyright) NEW YORK, July 27. Stocks advanced over a broad front on Wall Street today as the stock market recovered from two successive days of record lows. A drop in General Motors and U.S. Steel’s earnings was more than offset by encouraging earnings and dividend statements from other companies and late-afternoon pro-fit-taking was easily absorbed. At the close the Dow Jones industrial average was up 4.06 at 856.23. Anxieties over Vietnam, tight money and the British economic crisis which caused the slide of the last two days were relegated to the background on Wall Street think-

ing. Latest Indices Latest Indices are:— New York. —Dow Jones 1965 Rails. Indust. Sold Dec. 31 257.48 960.26 7,240,000 1966 Feb. 9 264.82 995.15* 9,760,000 July 25 220.81 852.83 7,050.000 July 26 220.26 852.17 7,610,000 July 27 221.68 856.23 6,070,000 London.—Financial Times (industrial ordinary, 1955, equals 100. Government, 1926, equals 100: gold, 1955. equals 100). 1964 Indust Govt Gold Oct. 1 .. 377.8* 82.15 56.4 1965 Dec. 31 >. 339.7 78.74 60.5 1966 July 25 340.2 74.47 60.S July 26 .. 334.3 74.46 60.6 July 27 .. 329.1 74.44 59.8 Sydney.—Sydney Stock Ex. change (July, 1931 June , 1939, equals 100): 1964 Retail Ord. ludust. Feb. 27 .. 472.60 392.21' 395.24 1965 Dec. 30 .. 860.16 320.76 353.45 1966 July 26 .. 345.68 290.79 368.37 July 27 .. 344.19 289.99 366.43 July 28 — 344.89 •Peak 290.81 368.44