NEW YORK MARKET

Press, Volume CVI, Issue 31128, 3 August 1966, Page 21

NEW YORK MARKET

Fall To New Low Level fN.Z.P. A.-Reuter— Copyright) NEW YORK, Aug. 1. The New York stock market fell to its lowest level for nearly two years today, with the Dow Jones industrial average dropping 12.20 points to 835.18. Union rejection of terms for settling a 25-day-old strike against five major United States airlines helped depress the market. Other factors were tight money and concern about the British Economy. Airlines were among the issues showing declines. The Dow Jones average was at one point down more than 10 points, but later regained a little lost ground. At 1.30 p.m. the index was off 8.91 points, at 838.47. Although trading was moderately active, some brokers said the market decline was more the result of a reluctance to buy than because of pressure to sell. Latest Indices

Latest Indices are:— New York.— Dow Jones: 1965 Ralls. Indust. Sold Dec. 31 257.48 960.26 7,240,000 1966 Feb. 9 264.82 995.15* 9.760.000 July 28 220.09 854.06 5,680,000 July 29 220.19 847.38 5,150,000 Aug. 1 217.28 835.18 5.880,000 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 27 .. 329.1 74.44 59.8 July 28 .. 323.6 74.37 59.4 July 29 — 318.1 74.20 59.6 Aug. 1 .. 316.5 74.15 59.8 Sydney —Sydney Stock Ex. change (July. 1931, June 1939, equals 100): 1964 Retail Ord. Indust. Feb. 27 . 472.60 392.21* 395.24 1965 Dec. 30 . 360.16 320.76 353.45 1966 July 29 . 344.53 291.34 369.14 Aug. 1 .. Holiday. Aug. 2 .. 343.84 290.94 368.98 •Peak.