Wall St up 50 pts in week

Press, 3 April 1989, Page 14

Wall St up 50 pts in week

NZPA-AP New York Airline stocks led a modest advance on the New York Stock Exchange on Friday. The Dow Jones average of 30 industrials rose 12.28 points to close at 2293.62, finishing the week with a net gain of 50.58 points.

The stock of NWA, the parent holding company of Northwest Airlines, shot up after a financier, Mr Marvin Davis, proposed a SUS9O-a--share offer for the company. The news prompted buying of other airline issues as well.

Analysts said excitement spilled over into the general market, overriding recent

worries that stocks might be in a vulnerable position in an uncertain economic climate.

The market also drew some encouragement from strength in the dollar and a drop in interest rates.

From Monday to Thursday last week, share prices rose on Wall Street.

AlcanAlu 31%, Alcoa 59%, Allied Sig 32%, AMAX 24%, Amßrands 64%, AmExpress 31%, AmHomeProducts 86, AmeradHes 37%, Armco 10%, Asarco 27%, Atlßichfield 89%, ATT 31%, AvonProd 22%, Bankamer 24%, BethStl 24%, Boeing 68%, Borden 58%, BristolMy 47,

Caterpilar 57%, CBS 173%, Chrysler 24%, Citicorp 29%, ClarkEqp 33%, Coca Cola 51%, Colgate 47%, ComwEdison 32%, ContlData 20%, Crane 25%, Corning Glass 34, Digital 98%, Dow Chem 91%, DuPont 102%, East Kodak 45%, Englhrd 21%, Exxon 43%, Fluor 22%, Ford 48%, FrptMcm33%, GenDyn 54%, GE 44%, GM 41%, Gencorp 17%, Goodyear 48%, GraceWß 30%, Greyhound 30%, Grumman 22, GTE 45%, Gulfßes 11%, HJHeinz 50%, Haliburton 30%, Homestake 13%, Honeywell 66%, IBM 109%, INCO 29%, IntlPaper 45%, ITT 52%, JandJohnson 90%, JPMorgan 39%, KMart 39%, Lockheed 46%, Mattel

11%, McdonDoug 91%, Mcdonald’s 51%, MerrylLynch 27%, Merck 64%, MMM 67, Mobil 49, Monsanto 93%, Navistar 6, NCR 55%, NewmMin 39%, Occidental 27, PacGasEl 17%, Pfizer 57%, PhelDodge 54%, PhilipMor 120%, PhilipsPe 22%, Polaroid 37 %, ProctGam 92%, Raytheon 68%, ReynMetal 52%, Seagrams 695%, Searsßoe 43%, ShellTr 39%, Schlumberger 38, Tandy 42%, Tenneco 50%, Texaco 53%, Texaslnst 39%, Timken 35, UnionCarb 29%, Unisys 25%, UnitedTec 45%, UNOCAL 42%, USX 32%, Walt Dis 78%, Warner-Lam 84%, WestgEle 54%, Wool worth 50%, Xerox 59%.