WALL STREET LAST WEEK
The Wall Street stock market firmed slightly last week, under the influence of lower interest rates, which fell to 7 per cent for prime rates. However, the flowing of the economy kept buyers away, and volume was light. Selling greeted the news of another rise in the unemployment rate, but was followed by some bargain hunting Prices of a selection of shares on Friday were:— Alcan, 281; Alcoa, 57J; All. Stores, 441; Amax, 588; Amerada Hess, 221; Am. Motors. 4J; Armco, 33J; Asarco. 171; Anaconda, 29; A.R.C.0., 1011; Bethlehem Steel. 418; Boeing, 42; Boise Case., Z6J; Burroughs, 95j; Cleveland, 69J; Colt, 53;, Cont. OU, 351; Cyprus, 231; C. 8.5., 591; Crane. 311; Dome Mines. 3o; Dow, 441; Engelhard, 34i; Firestone, 223; Ford. 562; Freeport, 271; G.M.C., 69J; Gen. Dyn., 60J; Gen. Tire, 231; Getty Oil, 1738; Goodyear. 17g; Greyhound Corp.. 14J; Grumman, 172; Gulf Oil. 262: Gulf Res., 151; Heinz, 472; Homestake, 31J; Hudson Bay, 192; 1.8. M.. 2748; 1.H., 30; Mt. Mng., 13; Into. 33J; Johns Man. V., 292; J. and J.. 86J; Kaiser, 382; Kennecott. 331; Kerr McGee, 722; Kresge, 361; Lockheed 10; Louisiana Land, 282; Lukens. 262; Lykes Y., 194; Martin Marietta. 25; Merrill Lynch. 25; Mobil, 57; N.C.R.. 332; Newmont, 263; Occ. OU, 188; Phelps Dodge, 40?; Phillips Pet., 591; Pittson, 422: Proler, 428; PuUman, 381; Reynolds. 391: Rep. Steel, 36J; Royal Dutch. 472; St Joe, 44; Seaboard. 282: Shell Oil, 682; Shell Transport. 301: Socal. 382; Soind, 511; Sohlo. 7U; Exxon, 548: Texaco Corp., 272; Texas Gulf. 35’: T.W.A.. 131; Union Oil Cal., 512: Union Carbide, 632: U.S. Steel. 52: Utah, 57?; Westinghouse, 168: Wwths. 228.
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Press, 9 August 1976, Page 10
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275WALL STREET LAST WEEK Press, 9 August 1976, Page 10
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