WALL STREET LAST WEEK

Press, Volume CXV, Issue 33966, 6 October 1975, Page 18

WALL STREET LAST WEEK

Rally but mixed feelings The Wall Street share market ended last week with a good rally which gave net gains for the week. Industrials lost ground early in the week, amid concern over the size of the Federal Budget deficit, and its potential impact on interest rates. Investors are already troubled by rising interest rates. The outlook for the economic recovery, and fresh money problems for New York city, are also considered as grounds for caution in the sharemarket. But on Friday the market swung upward aided by some let-up in interest rate, and inflation worries. Brokers said that there were some feelings of relief when the wholesale price index for September showed a rise at a 7.2 per cent annual rate, compared with 9.6 per cent the month before.

The closing prices on Friday of some selected stocks were:

Alcan. 21; Alcoa. 40; Amerada Hess, 163; Am. Smell.. 141; Anaconda. 163; Atlantic Rich., 1003; Bethlehem. 35J; Burroughs. 92j; Cont. Oil, 69i; Dome Mines. 36g; Dow Cbem., 871; Engelhard Min., 23; Firestone, 19J; Ford, 36?; Freeport Mine. 221; G.M., 53?; Greyhound, 12j; G’ulf Oil, 211; Homestakc. 37; Hudson Bay. 18; 1.8. M., 1951; 1.H.. 231; Int. Min., 63: Ineo., 251; Johnson J., 81J; Kaiser AL. 24g; Kennecott Copper, 311; Kerr McGee, 84j; Lousiana Land, 243; Martin Marietta, 14J; Mobil Oil, 443; Nat. Cash Reg.. 243; Newmont Min.. 25; Occidental, 16J; Phelps Dodge, 333; Phillips Pet., 551; Reynolds Metal, 20?; Royal Dutch. 34; St Joes Min.. 351; Shell Oil. 53; Shell Trans., untraded; Std Oil Cal., 29g; Std Oil Ind., 471; Std Oil Ohio. 71: Exxon. 901; Texaco. 24; Texas Gulf. 29’: Union Oh Cal., 453; U.S. Steel. 63J; Utal Con., 503; Westinghouse. 13J Woolworths, 16; T.W.A.. 63.