Wall Street last week
Share prices on Wall Street last. week advanced broadly in heavy trading, amid hopes for an early recovery from the US. recession. The Dow Jones industrials index closed on Friday at a three-year high — 923.28, a gain of 32.85 points on the week. It was the first time since February 13, and only the second time this year that the index finished above 900. It rose against a favourable background of stability in U.S. interest rates and some better than expected earnings reports for the second quarter. Closing prices on Friday of a selection of shares were: — A.8.C., 31 5/3; Alcan, 30 7/8; Alcoa, 63 3/8; Amax, 52 1/4; Amarada Hess 57 3/4; Am. Express, 35 1/2; Am. Motors, 4 7/8; Armco, 28 7/8; Asarco, 36 1/2; A.T. and T.. 52 7/8; Atl. Rich, 48; Beth. Steel, 25 1/8; Boeing, 39 7/8; Borden, 25 1/2; Burroughs,
65 1/4; C. 8.5., 50 1/2; Citicorp, 23; Coca Cola, 35; Cont. Oil, 58; Digital Eq., 79 1/2; Disney, 50 3/8; Dome Mines, 95; Dow, 34 1/2; Du Pont, 44 1/4; East Kodak, 57 5/8; Engelhard, 35 1/8; Exxon, 70 3/8; Firestone, 7 1/8; Ford, 28 1/4; Free Min., 45 1/2; Gen. Dynam., 75 1/2; Gen Electric, 55 3/8; Gen. Motors, 51 5/8; Gen. Tyres. 17 3/4; Goodyear, 15 1/8; Greyhound, 16 3/8; Grumman, 26 1/4; Gulf Oil, 44 7/8; Haliburton, 117 1/4; Homestake, 91; Honeywell, 91; 1.8. M.. 63 3/8; Int. Harv., 31 7/8; Inco, 22 3/8; 1.T.T., 30; Johns Mav., 23 3/4; J. and J., 79 3/8; Kaiser Alum., 23 1/2; Kennecott, 28 3/4; K-Mart, 24 3/8; Lockheed, 30 3/4; McDonalds, 48 1/4; McDon. Doug., 33 3/8; M.G.M.. 8 3/8; M.M.M., 57 5/8; Mobil, 76 7/8; Monsanto, 52 3/4; N.C.R.. 71 1/2; Newm. Min., 45 3/4; ' Pfizer, 41 1/8; Phel Dodge, 33 5/8; Phil. Pet., 46 3/8; Polaroid. 26 3/8; Pullman, 31 3/4; Raytheon, 81 1/2; R.C.A., 24 1/4; Reyn Metal. 35 1/4; Royal Dutch, 91; Seagram, 55 5/8; Sears Roe, 17 3/8; Shell Oil, 40 3/4; Shell Trans., 41 1/2; Sperry Ran, 55 5/8; St Joe. 52 3/8; Socal, 79; Texaco, 37 3/8; Texas Gulf, 41 3/4; Texas Inst., 100 1/4; Union Carbide, 44 7/8; Union Oil, 54 1/8; U.S Steel, 22 1/2; Westinghouse, 25; W’wths, 28 5/8; Xerox. 59 3/4.
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Press, 21 July 1980, Page 22
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384Wall Street last week Press, 21 July 1980, Page 22
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