Wall Street last week
The Wall Street stock-! market lost ground last week; analysts attributed the fall to rising gold prices and a revaluation of the West German mark. The Dow Jones industrial [index closed on Friday at ! 878.58 — a loss of 15.36 points for the week. | Most of the fall occurred ion two days, Monday and (Friday.
In the middle of the week the market held firm, mainly because of renewed excitement ox'er an oil field in Newfoundland. i However, when interest rates, and the gold price, reached record highs on Friday, the market again fell sharply. Closing prices on Friday of a selection of shares were:
A.8.C., 46; Alcan. 40 1/4; Alcoa, .'>B 7/8; Arnax. 44; Amarada Hess, 41 5/8; Am. Express, 33 3/4; Am. Motors, 7 7/8; Armco., 25 1/4; Asarco, 29 7/8; A.T. and T., 55; A.T.L. Rich., 71 3/4; Beth. Stl, 24 3/8; Boeing, 49 1/8; Borden, 26 3/4: Burroughs, 73 1/4: C. 8.5., 53; Citicorp, 23 7/8; Coca Cola, 136 3/4; Cont. Oil, 43 5/8; Digital [Eq.. 62 1/2; Dome Mines, 46 1/4; Dow. 32 3/4; Du Pont, 42 3/8; East Kodak, 52 1/2; Engelhard. 46 7/8; Exxon, 59; Firestone, 10 1/8; Ford, 143 3/4; Free Min.. 45 1/8; Gen. i Dvnam., 44 3/4; Gen. Electric. 50 3/8: Gen. Motors, 62 3/8: Gen. Tyres, 22 3/8; Goodyear, 15 1/8; Greyhound. 13 7/8; Grumman. 19 5/8: Gulf Oil, 33 1/2; Haliburton, 83; Homestake, 42; Honeywell, 77; 1.8. M., 67 3/4; Int. Harv., 41 1/4; Ineo., 23 5/8; 1.T.T., 28 1/8; John's Many., 25 1/4; Kaiser,
121: Kennecot, 28 7/8. K Mart. 26; 7 .1/2; Lockheed. 27 5/8: McDong aids, 49 1/4; McDon Doug.. 261 S 1/4; M.G.M., 19: M.M.M.. 51 7/8;| S Mobil. 51 3/8: Monsanto, 59: 1 N.C.R., 73 5/8; Ncwm. Min.. 32:!'1 Pfizer. 34 1/2: Phel. Dodge. 30 1/4;;9 Phil. Pet.. 43 1/8: Polaroid. 28 .1/4;: I Pullman. 38 3/8: Raytheon. 60: |V R.C.A.. 23 3/4;_R eyn.M^tal,_36lN
7/8; Royal Dutch. 79 3/4. S< gram, 36 3/8; Sears Boe.. 19 3. Shell Oil. 48 3/8; Shell ’Trans.. Sperry Rand. 48 3/4; St Joe, 1/2; Soeal. 57 3/4; Texaco. Texas Gull. 30 1/8; Texas Im 96 1/2; Union Carbide. 43 1 Union Oil, 47; I S. Steel. 23 1 Westinghouse. 20; Wwlhs, Xerox, 64 1 2
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Press, 1 October 1979, Page 28
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381Wall Street last week Press, 1 October 1979, Page 28
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