Wall St market gives more ground

Press, 19 November 1984, Page 30

Wall St market gives more ground

The Wall Street stock market lost ground last week and the index fell on each successive day. The Dow Jones industrial average ended on Friday at 1187.94 — a loss for the week of 31.03 points. The market has been retreating since the United States presidential election early this month, when investors turned their attention to the question of the Federal budget deficit and what action President Reagan might propose to deal with it during his second term.

But for most of last week, selling pressure has not been especially heavy. In three of the past four sessions, the Dow Jones industrial average posted a gain or loss of less than a point.

Concerns over evidence of a slowing American economy apparently have been offset somewhat by expecta-

tions of a continuing decline in United States interest rates.

Rates dropped sharply in the bond and short-term money markets on Thursday, and fell further in early activity on Friday amid talk that the United States Federal Reserve might soon lower its discount rate

Alcan, 27 3/8; Alcoa, 35 3/8; Amerad Hes, 26; ABC, 59 7/8; Am Express, 34 3/4; Am Motors, 4 1/8; ATT, 18 5/8; Armco Inc, 10 7/8; Asarco Inc, 24 3/4; Atl Rich, 46 1/8; Beth Stl, 16 7/8; Boeing, 54 5/8; Borden, 59; Burroughs, 54 1/8; Chrysler, 27 5/8; Citicorp, 35 1/4; Coca Cola, 62 1/2; Colgate, 24 1/4; CBS, 76 3/4; Crane, 34 3/8; Dar. Krft, 85; Digital Eq, 102 1/2; Disney, 58 l/4;DomeMines,9l/B;DowCnem, 27 3/4; Du Pont, 46 1/2; East Kodak, 73 1/2; Englhrd Cp, 28 3/4; Exxon, 43 1/2; Firestone, 16 3/8; Fluor Cp, 16 5/8; Ford Motor, 45 1/2; Frpt McMor, 15 1/2; Gen Dynam, 65 1/4; Gen

Elec, 56 3/8; Gen Motors, 74 7/8; Goodyear, 24 7/8; Grace W.R., 42 3/4; Greyhound, 23; Grumman, 25 3/8; Gulf Res, 13 5/8; Haliburton, 30 5/8; Homestake, 25 1/2; Honeywell, 59 3/8; IBM, 121 1/2; Inti Harv, 7 1/8; Inco, 11 1/4; Inti Paper, 49 3/8; ITT Corp, 26; Levi Strau, 27; Lockheed, 43 5/8; Manville, 6; Jhsnjhsn, 33 3/4; Kaiser Alu, 14; K Mart, 33 3/8; McDonald’s, 51; McDon Doug, 67 3/4; MGM, 12 3/8; M-M-M, 79 1/2; Mobil, 28 1/2; Monsanto, 44 1/8; NCR, 25 1/2; Newm Min, 40 1/2; Pfizer, 38 5/8; Phel Dodge, 15 3/8; Phil Pete, 44; Polaroid, 27 1/4; RCA, 35 3/8; Raytheon, 39 1/2; Reyn Metal, 32 1/4; Royl D Pet, 51 1/2; Seagrams, 37 1/2; Sears Roe, 30 1/4; Shell Oil, 53 3/4; Shell Tr, 32 3/8; Sperry Cp, 37 5/8; Chevron Co, 33 1/4; St Oil Ind, 57 1/4; S Oil Ohio, 43 3/4; Texaco, 34; Texas Inst, 120 7/8; Union Carb, 49 3/4; US Steel, 24; Westg Ele, 25 1/2; Wwths, 36 3/4; Xerox, 36 1/2; Schlumberger, 40-1/8; Sedco, 44; Merryl Lynch, 28; Occidental, 30-1/ 8; Heinz, 43-1/2; Clevel’d Cliff, 18-3/4; Inter-North Inc, 39-7/8; American Airlines, 30-1/8.