Wall St mixed
The Wall Street stock market recovered and stabilised last week after earlier share falls, and closed the week around the level of the previous week. Banks across the United States cut their prime lending rate from 17 to 16.5 per cent, but one analyst said that investors believe interest rates will remain persistently high, and that they are still concerned with the weakness of the American economy. The United States Commerce Department reported that new orders fell a sea-sonally-adjusted 1.5 per cent in January, after a revised decline of 0.2 per cent in December. Closing prices on Friday of a selection of issues were:— ■ Alcan? 20; Alcoa, 234?; Amerada Hess, 17%; ABC, 30%; Amax, 29; Am Express, 45%; Amer Motor, 2%; ATT, 54%; Armco, 21%; Asarco, 21%; Atlantic Rich. 37; Bethlehem, 20%; Boeing, 19%; Borden, 30%: Burroughs, 36%;' Chrysler, 4%; Citicorp. 26%; Coca Cola, 30%:
Colgate, 18; CBS, 43%; Cleveland Cliffs, 29; Continental. 27%; . Crane. 27%; Dart and Kraft, 50%; Didgital EQ. 84%; Disney. 51%; Dome Mines,' 13%; Dow, 21%; Du Pont, 35%; East Kodak, 68%; Engelhard, 21%; Exxon, 28%; Firestone, 10%; Fluor. 22; Ford, 19; Freeport McMoran, 19; Gen Dynamics, 22%; Gen Elec. 62%; Gen Motors, 36%; Gen Tire, 19%; Getty Oil. 48%; Goodyear. 19%; Greyhound, 14%; Grumman 24%; Gulf . Oil. 30%; Haliburton. 39%; Heinz, 31%; Homestake, 25; Honeywell, 75%; 1.8. M., 61%; Inti Harvester, 6%; Inco, 13%; ITT, ■26%; Manville, 14%; Johnson 37%; Kaiser, 14%; K Mart, 17%; Lockheed, 49%; McDonalds, 60%; McDon Doug, 30%; Merrill Lynch. 32%; MGM Film, 6; M-M--,M. 55%; Mobil, 22%; Monsanto. 68%; NCR, 45%; Newmont, 35%; Occidental. 21’6; Pfizer, 55%; Phel Dodge. 26%; Phil Pet, 32; Polaroid, 19%; RCA. 17%; Raytheon, 31%; Reynolds Met, 20%; Royal D Pet, 29%; Seagrams, 52%; Sears Roe, .16%; Sedco. 30%; Shell Oil, .33; Shell Tn, 25%; . Sperry, 29%; Socal, 32%; Soind, 37%: Sohio. 33%; Texaco. 30%; Texas Inst. 82%; Union Oil. 29%; Union Carb, 44%; U.S. Steel, 24%; Westing Elec, 23%; Wwths, 16%; Xerox, 37%.
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Press, 1 March 1982, Page 24
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331Wall St mixed Press, 1 March 1982, Page 24
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