Wall Street last week
i The Wall Street stockmar- I |ket closed on a firm note in ( (active.trading on Friday. ] ; The gambling instincts of 2 (traders continued, and ‘ (Resorts International, 1 (owners of the recently- e (opened casino in Atlantic ( City, was the volume leader, , (although it fell by a half. > Earlier in the week, the . I stockmarket anxiously • ‘(awaited the latest trade! (figures on the burgeoning] (trade deficit. This was reflected in a > ( 9.70 point drop in the Dow ( ! Jones average of 30 indust- ] rials on Tuesday. Fears of the growing defi- i cit were realised when the figures were announced on : Wednesday. i The larger-than-expected (October U.S. foreign trade ■ , deficit caused the Dow i j Jones to fall a further 6.76 points. The October figure ■ was the highest since July. Closing prices on Friday i i of a selection of stocks ( were: Alcan, 332; Alcoa, 462; AH. . Stores, 23g; Ama., 465; Amerada . Hess, 28; Am. Mtrs, si; Armco, ’ 17?; Asarco, 133; Anaconda, lot; : ARCO, 55?; Bethlehem, 20i; Boe- ; ing, 71g; Boise Case., 253; Bur- I 1 roughs, 721; Cleve. Cliffs, 26; I Colt, 34-J; Cont. Oil, 263: Cyprus. 16J: C. 8.5., 51?; Crane, 24; Dome ' Mines, 682; Dow, 26g; Engelhard, ■ 271; Firestone, 13J; Ford, 40J; ( Freeport. 313; Gen. Dvn., 791; ' G.M.C., 55’.; G.E.C., 483: Gen. ' Tyre, 251; Getty Oil, 1375; Good- ; year, 153; Greyhound, lit; Grumman, 153; Gulf Oil, 25?: Gulf Res., I 95; Heinz. 373: Hbmestakes, 293; > ■ Hudson Bay, 17s; 1.8. M., 274; 1 1.H., 343; Inco, 15: Johns Manv., ! I 231; J. and J., 773; Kaiser, 173; ■ Kennecott, 22?; Kerr McGee. 453; I ■ Lockheed, 201; Louisiana Land, i 20J; Lukens, 141; Lykes Y., 8§; I ; Martin Marietta, 28; Merrill '
Lynch, 17i; Mobil, 68|; N.C.R., 6U; Newmont, 225; Occ. Oil, 161; Phelps Dodge, 21g; Phillips Petroleum, 30£; Pittsoh, 18.1; Proler, 20g; Pullman, 33g; Rep. Steel. 23.4; Reynolds, 34£; Royal Dutch. 59.1: St Joe, 244; Seaboard. 283; Shell Oil. 331; Socal, 46j1; Soiud, 53i; Sohio, 38; Exxon, 49g; Texaco, 24}; Texas Gulf, 19£; T.W.A., 20g; Union Oil, 56; Union Carb., 35}; U.S. Steel, 22 : L Westinghouse, 17§; Wwth, 19?,.
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Press, 4 December 1978, Page 23
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351Wall Street last week Press, 4 December 1978, Page 23
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