Wall Street last week

Press, 23 August 1976, Page 14

Wall Street last week

Share prices fell sharply on Wall Street at the end of last week, in light trading. The Dow Jones industrial average finished the week at 947.07—a decline of 16.12 points. Brokers said Government economic reports have given investors more evidence of a pause in the United States economic recovery. The Commerce Department revised its estimate of second quarter growth of the gross national product downward, and it reported that second quarter corporate profit gains had slowed from the first quarter. Closing prices on Friday of a selection of shares were:

Alcan, 27?; Alcoa, 57; All. Stores, 43?; Amax. 55; Am. Motor. 4.?; Amerada Hess, 20; Armco, 32?; Asareo 16i; Anaconda, 28}; A.R.C.0., 100 J; Bethlehem, 39 3/8; Boeing, 41?; Boise Case, 24J; Burroughs, 88?; Cleveland, 673; Colt, 52?; Crane. 275; Cont. Oil, 36?; Cvprus, 25.1; C. 8.5., 56?; Dome Mines, 372; Dow. 44?; Engelhard, 333; Firestone, 233: Ford, 55; Freeport, 29; Gen. Dvn., 50}: G.M.C., 66?; Gen. Tire. 22}; Gebbv 75; Goodyear, 22J; Greyhound Corp., 14?; Grumman, 17?; Gulf Oil. 26?; Gulf Res.. 144; Heinz. 47J; Homestake, 277; Hudson Bav, 18 3/8; T.8.M.. 272?: I.H. 29?; Int. Mag., 11J; Inco., 34; J. and J„ 85 3/8; Johns Manu., 27J; Kaiser, 37?; Kennecott. 31; Kerr McGee. 721; Kresge, 38: Lockheed. 10 3/8: Lukens, 26}: Lykes W. 194: Louisiana Land. 261: Martin Marietta. 24’; Merrill Lynch. 23’: Mobil. 55 3/8; N.C.R.. 333: 26 3/8: Orc. Oil. 18 3/8: Phelps Dodge, 41S; Phillips Pot., 60: Pittson 392; P'-oler. 381; Pullman. 36’; Ren. Steel. 35’; Reynolds. 41: Rnval Dutch. aS: St Joe. 43: Seaboard. ’<U: Shell 6°' Shell Transnort. 201; Socal. 371: Solnd. SOI; Soldo. S7l* Fvvnn, 511: ’Vevaeo. 26’: Texas Golf. 341- T.W.A.. ’ll: Union oil r»l.. s’l- Union Car. bide. 64»: Utah. 56?: U.S. Steel. Westinghouse, 16?; Wwths. 21’.