Wall Street last week
Share prices declined on Wall Street last week, in moderately active trading. The Dow Jones industrial index lost 12.30 points during the week.
Analysts said the market was depressed by concern about the energy outlook resulting from the political upheaval in Iran. A - “Wall Street Journal” article said strategies being pursued by Saudi Arabia also pointed toward a further tightening of world oil supplies. However, prices advanced moderately on Thursday and Friday — stimulated by. technical factors, and overcoming news of a sharp rise in wholesale prices last month.
Closing prices on Friday of a selection of shares were:—
Alcan, 20; Alcoa, 24; All. Stores, 21J; Amax, 50; Amerada Hess, 27J; Am. Motors, 54; Armco, 204; Asarco, 184; Anaconda, 11; ARCo, 59; Bethlehem, 22J; Boeing, 691; Boise Case., 314; Burroughs. 664; Clev. Clifts, 28J; C. 8.5., 54J; Colt, 34§; Con Oil, 304; Crane, 29; Cyprus, 27J; Dome Mines, 84; Dow, 25J; Engelhard. 341; Firestone, 13}; Ford, 404; Freeport, 36; Gen. Dvn., 80J; G.E.C., 464, G.M., 554; Getty Oil, 1364; Gen. Tire, 25; Goodyear, J6j; Greyhound, llg: Grumman, 154; Gulf Oil, 23J; Gulf Res., 124; Heinz, 394; Homestake, 354; 1.8. M., 201; 1.H., 362; Into, 184; Johns Many., 234; J. and J., 71; Kaiser, 174; Kennecott, 244; Kerr McGee, 473; Lockheed. 20}; Louisiana Land, 24 J; Lukens, I4J; Martin Marietta. 312; Merrill Lynch, 164; Mobil, 704; N.C.R.. 64|; Newmont, 244; Occ. Oil. 194; Phelps Dodge, 27J; Phillips Pet, 314; Pittson, 204, Proler, 24J; Pullman, 324; Rep. Steel, 251; Reynolds. 36; Royal Dutch, 62J; St Joe, 27J; Seaboard. 264; Shell Oil, 304; Shell Trans port. 494; Socal, 45; Soind, 551; Sohio. 454; Exxon, 501; Texaco, 244; Texas Gulf, 24; Union Oil, 574; Union Carbide. 351; ~.S Steel, 24}; Westinghouse, 17j; Wwths, 194.
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Press, 12 February 1979, Page 22
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293Wall Street last week Press, 12 February 1979, Page 22
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