Wall Street last week
The Wall Street stock market pressed ahead last week while it was waiting for President Carter’s economic message. The Dow! Jones industrial average' closed al 769.58—a gain of 12.22 points on the week. ; Brokers said the initial im- : petus for the rally was an! upswing by the depressed; [dollar in foreign exchange.: .The U.S. currency leader' [turned in a mixed showing, but one analyst said he be-' lieved the market benefited •from buying by investing in-| stitutions which have been! : building up substantial' amounts of cash. i
Closing prices on Friday of a selection of shares were: Alcan. 258; Alcoa, 41g; AR. Stores, 20g; Amax, 34i; Amerada Hess, 25J; Am. Motors, 4g; Armco, 27; Asarco, 194; ARco, 478; Bethlehem, 20g; Boeing, 34J; Boise Case., 25j; Burroughs, 60S; Clev. Cliffs, 53; C. 8.5., 465; Colt, 47; Con. Oil, 26J; Crane, 278; Cyprus, 158; Dome Mines, 66g; Dow. 23J; Engelhard, 24; Firestone, 13;; Ford. 468; Freeport, 191; Gen. Dyn„ 453; G.E.C.. 46J; Gen. Tire, 231; Getty Oil, 1571; Goodyear. 171; Greyhound, 13J: Grumman, 16?; Gull' Oil, 25; Gult [Res., 10J; Heinz. 348; Ilomestake, 33'; Hudson Bav, 147.; 1.8. M., 2403; LH., 278; IncoJ 16; Johns Many,, 298; J- and J.. 67§; Kaiser, 298; Kennecott, 28; Kerr McGee, 471; Lockheed, 183; Louisiana Land. 218; Lukens, 328; Lykes, 61; Martin Marietta, 263; Merritt Lynch.’ 151; Mobii. 613; N.C.R.. 443; Newmont, 188; Oc. Oil. 218; ! Phelps Dodge, 221; Phillips Pet., 129; Plttson, 21g; Proter, 23[; PullIman. 283; Rep. Steel, 24g: Revinolds. 281; Royal Dutch. 59; St [Joe, 261; Seaboard. 293; Shell Oil, |3l; Socal, 391: Soind. 478; Sohio, ■ 601; Exxon, 458; Texaco, 258; Texas Gulf, 181; T.W.A.. 151; [Union Oil, 468; Union Carbide, 138 J; U.S. Steel. 25?; Westinghouse, 18?; Wwths, 181.
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Press, 10 April 1978, Page 24
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291Wall Street last week Press, 10 April 1978, Page 24
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