Wall St market closes firm
In spite of two weak sessions early in the week, the Wall Street stockmarket closed on Friday on a firm note.
Analysts said that the market was sustained by hopes for a recovery from the recession, after the Government reported that its Index of leading United States economic indicators rose 1.5 per cent in December. It was the eighth increase in the last nine months for the Index, which is designed to function as a barometer of economic trends.
Closing prices on Friday of a selection of issues were:— Alcan, 28; Alcoa. 32%; Amerad Hes, 24%; ABC, 53%; Am Express, 63%; Amax, 24%; Am Motors, 7%; ATT, 69; Armco, 16%; Asarco, 38; Atl Rich, 44%; Beth Stl, 19%; Boeing, 35%; Borden, 52; Burroughs, 47%; Chrysler, 17%; Citicorp, 34%; Coca Cola, 50%; Colgate, 19%; CBS, 59; Conti Grp, 35%; Crane, 25%; Dar and Krft, 65%; Digital Eq, 119; Disney, 67%; Dome Mines, 20%; Dow Chem, 28%; Du
Pont, 39; East Kodak, 83%; Englhrd, 33%; Exxon, 30; Firestone, 18%; Fluor, 22%; Ford, 39; Frpt McMor, 20%; Gen Dynam, 36%; Gen Elec, 99%; Gen Motors. 61%; Gen Tire, 31%; Getty Oil, 54%; Goodyear, 33; Greyhound. 19%; Grumman, 51%; Gulf Oil, 30%; Haliburton, 33%; Homestake, 60: Honeywell, 90; IBM, 97%; Inti Har, 4%; Inco, 12%; ITT, 31%; Manville, 12%; Jhsn and Jhsn, 48%; Kaiser, 16%; KMart, 27; Lockheed, 88%; MartinMar, 42%; McDonald’s 58%; McDon Doug, 42%; MGM, 10; M-M-M, 75%; Mobil, 26; Monsanto, 84; NCR, 92%; Newm Min, 57%; Pfizer, 69%; Phel Dodge, 29%; Philip Mor, 59%; Phil Pet, 32%; Polaroid, 29; RCA, 21%; Raytheon, 47%; Reyn Metal, 26%; Royl D Pet, 34%; Seagrams. 76; Sears Roe, 28%; Shell Oil, 38%; Shell Tr, 25%; Sperry, 37%; Socal, 33%; Soind, 40%; Sohio, 39%; Texaco, 32%; Texas Inst, 164%; Union Carb, 55; Union Oil, 31%; US Steel, 20%; Westg Ele, 44%; Wwths, 23%; Xerox, 35%; Schlumberger, 46; Sedco, 30%; Meryl Lynch, 61%; Occidental, 20%; Heinz, 37%; Cleveland, 22%.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19830131.2.124.7
Bibliographic details
Press, 31 January 1983, Page 21
Word Count
327Wall St market closes firm Press, 31 January 1983, Page 21
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in