Wall Street last week

Press, 28 November 1977, Page 24

Wall Street last week

( The Wall Street I stockmarket picked up a .little last week, helped by al ismaller-than-expected rise in I] consumer prices. Volumes (were high on most days. I The market showed little [reaction to the visit of the (Egyptian President (Anwar; :l Sadat) to Israel. “It was an I I exciting event, but it. didn’t ;]really produce anything for] the market to grab on to,”] I said one analyst. Thanksgiving day inter-’ Irupted business during the ijweek, and brokers said that .(Friday was a sluggish day. •(with many investors taking a four-day holiday week-end. Analysts noted encouragement over the U.S. Federal reserves recent steady monetary policy, and a stable trend in interest rates. Closing prices on Friday lof a selection of shares jwere:— Alcan. 22?; Alcoa. 44: All. Stores. 23J; Amax. 361; Ameroda Hess, 31 J; Am Motors, 4.1; Armco, 26g; Asarco, 15J; ARCO, 525, Bethlehem, 22?; Boeing. 29.; Broise Case, 28; Burroughs, /1§; Clev Cliffs, 55; CBS, 52.; Colt, 48'; Con OU, 29J; Crane, 28,; Cyprus. 193; Dome Mines, 571; Dow, 28’!; Engelhard, 26; Firestone. 16?: Ford. 44g; Freeport, 19!; Gen Wvn, 50.3; Gen Elect, . 51J; G.MC, 66; Getty Oil, 1581; Gen Tire, 23?; Goodyear, 18?; Greyhound, 13J; Grumman, 1.71; Gulf Oil, 271; Gulf Res, 13J; Heinz. 35: Homestake, 37; IBM, 2683; TH. 293; Inf Mng, 21 ?; tnco, 16?; .Johns Many, 33?; J and .1, 74; Kaiser, 29?; Kennecott, 21); Kerr McGee. 473; Lockheed, 161; Louisiana Land. 243: Lukens. 27?; I.vkes Y, 7; Martin Marietta, 243: Merrill Lynch, 17.!; Mobil. 64?; NCR, 421; Newmont, .116?; Oce Oil. 25?: Phelps Dodge, 19; Phillips Pet, 31g; Pittson, 24; (Proler. 19.1; Pullman, 29?; Rep (Steel. 23?; Reynolds. 311: Royal [Dutch. 57; St Joe 33?: Seaboard. ['ll 1 ; Shell Oil. 333; Soca). 39f; Soind, 46?; Soliio. 783; Exxon, 1471; Texaco. 27.1: Texas Gulf. 18?; :TWA, 93; Union Oil, 553; Union ’Carbide. 42?: US Steel, 30';, Westinghouse. 19?; Wwths, 20.