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Publication: European Stars and Stripes Sunday, April 24, 1977

You are currently viewing page 16 of: European Stars and Stripes Sunday, April 24, 1977

   European Stars And Stripes (Newspaper) - April 24, 1977, Darmstadt, Hesse                                Page 16 the stars and stripes april 197 Market skids after Energy message Frank new York up president Carter presented his Energy program in a Media Blitz last week and a confused Stock Market skidded to its third worst toss of the the Iju Jones Industrial average of selected Blu Chip which gained 2888 Points the previous week in its Best rally in a fell Points to the averages Oil and chemical components were hard hit As a result of car tors program that would penalize Gas raise gasoline and Oil taxes and rebate Petroleum Money to the aver age Laic the Carter administration surprised some observers when it raised its estimate of consumer prices to per cent from per cent and lowered its fore cast for real growth in the Gross National product to from per the administration blamed the higher Energy and food earlier last week the government re ported a per cent Rise in the the Best gain in a and that consumer prices Rose at their slowest rate of housing starts Rose to their highest level in four years and personal income it was against that background that the new York Stock Exchange common Stock Index fell to and Standard poors Sostock containing some overt counter skidded to declines routed to among the issues crossing the composite big Board volume totalled compared with 570 the previous week and during the same week a year Compo site volume of nose issues listed on Allex changes totalled compared with the previous retail sales dipped per the second weekly analysts said that news figured in building concern that con Sumers had already spent the so rebate which Carter has dropped from his eco nomic Many analysts also said the attention Given Carters Energy program May have resulted in Anticipatory buying of such things As Large Kresge was the most Active nose listed off 2 to 29 on Roebuck fell 2 to 55v and Federated department stores 2 to All of the big three Auto stocks made the Active list in Light of the Carter Energy program and at least one brokers sell rec in second lost to on general lost 2 to 66 on in sixth skidded to 55 on Occidental Petroleum was the third most Active gaining 4fe to 27 on thanks to higher earnings and a dividend among the other Superior fell 9 to Getty to 181 4 and Shell 4 to drugs lost ground in Light of some poor have disappointed Ell Lilly fell 4ft to 39 Merck 4a to Bristol Myers 3v4 to and Abbott Pfizer and Johnson Johnson 2 or More ibis disappointing first Quarter earnings continued to plague the which fell 14v4 to also in the Texas instruments fell 5 to pm and Zenith with lower 4vi to Eastman Kodak lost to 64v4 after the firm announced it was laying off 150 workers to get its instant camera inventories into prices skidded on the american Stock with the Index losing to and the average Price of a common share decreasing by eight declines topped 488 to among the 125 issues volume totalled 355 compared with the previous week and during the same week a year Kaiser the most Active gained to 184 after shareholders approved a liquidation husky the second most Active gained 1a to Houston Oil reports and lagging growth that minerals was up 1 to Mutual funds prices new York by at by ask by Alk by ask Iurii following comp cd 7w or will 7j4 Mut Omaha pos bal and 1 11 i a nil of do and card com pm a Amir 111 com St asked print an Cora inv Karl of Crowth thah Keld Mutual fund n in san go Iii inane comte Sam Autan by me Nash cant in to n melt Short engr or country c wj9 Dalog n i Krnc d n Tim working woman who service when i said i wanted Friday dbl Warb april 1977 Iii id Bohnec 9 79 1002 Legal l Nas built us 50it1c Sables but c8h add Only sell out i w8s told u Wollod Cost me a Doit Iii invest 7j9 Bond or Poco cd of Tel f a  in Vino bid at Recotr gum Iione Vividn 406431 Fos a suggestions is so Meining Acorn cd Delott f indie n u Prei St 6 us a ppr since your savings account is already not that i can Tell 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