Wall St lifts on week

Press, 19 December 1988, Page 28

Wall St lifts on week

NZPA-AP New York The New York stock market turned upward on Friday (early Saturday, N.Z. time) in activity swelled by program traders at the quarterly “triple witching hour.” The Dow Jones average of 30 industrials rose 17.71 points to close at 2150.71, finishing the week with a net gain of 7.22 points.

Some December futures contracts on stock indexes were settled as of the opening, while others were settled at the close of trading. That prompted extra activity by program

traders closing their positions. But, as. has been the case in several recent witching hours, it did not produce much in the way of extra volatility in stock prices. Aside from the witching hour, analysts said traders were still watching warily for signs of the future course of interest rates. The Federal Reserve is generally believed to have tightened credit a notch further this week. In the economic news, the Government reported that the U.S. producer

price of finished goods rose 0.3 per cent in November, in line with advance estimates. Alcan Alu 31 y 4, Alcoa 53%, Amerad Hes 30%, ArnExpress 27, Armco 9%, Asarco 26%, Atl Richfield 793%, ATT 29%, Beth Stl 213%, Boeing 61 %, Borden 57%, CBS 168%, Chevron 46%, Chrysler 27, Citicorp 26, Clark Eqp 293%, Coca Cola 44%, Colgate 45%, Conti Data 19%, Crane 233%, Digital 93%, Dow Chem 85%, Du Pont 86%, East Kodak 45%, Englhrd 17%, Exxon 45%, Fluor 2223%, Ford 50%, Frpt Mcmor 27%, Gencorp 16%, Gen Dynamic .51, Gen Elec 45, GM 85%, Goodyear 48%, Greyhound 283%, Grum-

man 203%, Gulf Res 12%, H. J. Heinz 46%, Haliburton 27, Homestake 12%, Honeywell 59%, IBM 121%, INCO 24%, ITT 51%, JohnsonJO 85%, K Mart 35%, Lockheed 40%, MMM 62%, Mattel 9%, McdonDoug 76%, Mcdonald’s 47%, Merryl Lynch 24%, Mobil 45%, Monsanto 80, Navistar 5, NCR 54%, NewmMin 32%, Occidental 25%, Pfizer 58%, Phel Dodge 48%, Philips Pe 20, Polaroid 35%, Raytheon 70%, Reyn Metal 50%, RoylDPet 116, Schlumberger 32%, Seagrams 60%, Sears Roe 40%, Shell Tr 37%, Texaco 51%, Texas Inst 39%, UNOCAL 38, Union Carb 24%, Unisys 28%, USX 28%, Walt Dis 65%, Westg Ele 52%, Woolworth 50, Xerox 57.